News releases

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Recent global and Singapore news releases issued by EY.

December 2013

November 2013

October 2013

September 2013

August 2013

July 2013

  • From compliance specialists to strategic advisors
    Singapore, 23 July 2013
    A new EY/Forbes Insights survey of more than 500 chief audit executives and audit committee members underscored the need for the internal audit function to adopt a more prominent role within organizations.
  • EY supports Hair for Hope and children with cancer
    Singapore, 12 July 2013
    EY employees go bald in its first communal head-shaving event in support of Hair for Hope and children with cancer, raising over S$60,000.
  • EY announces 509 new partners worldwide
    Singapore, 9 July 2013
    We have announced that 509 of our people will become partners across the member firms of our organisation. Of these, 80 are from the Asia-Pacific.
  • Steven Phan appointed EY Asia-Pacific Area Managing Partner
    Singapore, 8 July 2013
    Steven will be based in Singapore and Hong Kong and is responsible for all of EY’s businesses in the region, including Assurance, Tax, Transaction and Advisory services.
  • Mark Weinberger becomes EY Global Chairman and CEO
    Singapore, 1 July 2013
    EY announced today that Mark Weinberger has become Global Chairman and CEO. The professional services organisation also announced the adoption of EY as its global brand name, unveiled a new logo and adopted Building a better working world as its purpose.

June 2013

May 2013

April 2013

March 2013

February 2013

  • Institutional investors feeling positive about 2013 IPO market
    Singapore, 20 February 2013
    A new EY survey shows that institutional investors are increasingly positive about the IPO market. According to the more than 300 institutional investors surveyed in December, a vast majority – 82% – have invested in pre-IPO and IPO stocks in 2012 compared to only 18% in either 2010 or 2011.
  • 54% of entrepreneurs to increase their workforce in 2013
    Singapore, 15 February 2013
    Despite the uncertain global economic environment and at a time of high levels of unemployment, many of the world’s most successful entrepreneurs continue to grow their business and are expanding their workforce. According to new research from EY, Global jobs creation, more than half of the 600 plus major entrepreneurs across the world surveyed say they expect to increase their work force in 2013 – with the numbers showing remarkable similarity around the world (Americas; Asia-Pacific; and Europe, Middle East, India and Africa).

January 2013

  • Record year for global oil and gas transactions in 2012
    Singapore, 31 January 2013
    With an average of more than four transactions announced everyday in 2012, the oil and gas sector remained one of the most active global sectors for M&As.
  • EY Asean Art Outreach program presents Myanmar artist Nay Myo Say’s solo debut in Singapore on Buddhism in contemporary art
    Singapore, 30 January 2013
    EY opens Natri Puja by Myanmar artist Nay Myo Say at the EY Gallery today. This 13th exhibition of the EY Asean Art Outreach program will run from 30 January to 31 May 2013.
  • Short-term "fast cash” more of a priority for sellers than longer term strategic priorities
    Singapore, 24 January 2013
    Nearly 50% of divestments in the past two years were driven by a need for a quick cash injection rather than to achieve a longer term strategic objective, according to a new report from EY. The 2012 Global Corporate Divestment Survey reveals that respondents’ rationale for a divestment is often focused on short-term financial motives rather than the longer term strategic benefit of the business.
  • Asia-Pacific continues to be a beacon for private equity as investors target the region in search of new opportunities
    Singapore, 22 January 2013
    mergermarket, the independent Mergers and Acquisitions (M&A) intelligence service, and Remark, the publishing, market research and events division of The Mergermarket Group, in conjunction with EY, launched the report Asia-Pacific private equity outlook 2013.
  • Singapore ranks second on Globalization Index 2012
    Singapore, 21 January 2013
    Singapore ranks second, after Hong Kong and above Ireland, on EY’s Globalization Index 2012
  • Big pharma under pressure for M&A to close US$100b growth gap
    Singapore, 7 January 2013
    Top pharmaceutical companies are facing a widening growth gap that will increase pressure to drive growth through M&A. But big pharma’s attempts to make deals will be challenged by its diminished resources and fiercer competition for attractive assets from rapidly growing big biotech and specialty pharmaceutical companies. A new report by EY, Closing the gap? Big pharma’s growth challenge and implications for deals, estimates that the growth gap will reach approximately US$100b by 2015.
  • Bad loans and regulation will squeeze Eurozone banks in 2013
    Singapore, 7 January 2013
    While the economic forecast for the Eurozone in 2013 shows painful progress towards stability, Eurozone banks and insurers will face another difficult year. The north-south divide will become more entrenched this year; while the outlook for lending in northern markets is slowly improving, the outlook for southern markets is bleak as banks contend with a recession-driven glut of non-performing loans and continued regulatory pressures, according to the EY Eurozone Financial Services Forecast (EEFSF) released today.