Topics: Economy, Finance

  • Singapore named as hot investment destination because of improvement in city-state's office market, says emerging trends in real estate Asia Pacific 2019

    SINGAPORE (November 28, 2018) – Singapore is ranked as second top real estate investment market in Asia Pacific as the city-state continues to rebound from cyclical lows of a couple years ago, according to the Emerging Trends in Real Estate Asia Pacific® 2019, a real estate forecast jointly published by the Urban Land Institute (ULI) and PwC. Office rents have been rising strongly due to a lack of

  • Singapore’s conditions most likely to produce next unicorn after China and US, finds PwC study

    • A net 65% (vs 51% across APEC) of Singapore business leaders plan to raise investment levels • Majority (29%) of Singapore business leaders are creating more jobs, but struggling to find the right talent (vs. 34% across APEC) • 58% of Singapore business leaders (vs 65% across APEC) call on governments to do more to develop STEM skills • Rising concerns about moving data across borders

  • IASB delays new insurance contract rules for one year: PwC comments

    Singapore, 14 November 2018 – Commenting on the decision from today’s IASB meeting, subject to the IASB’s due process, that the IFRS17 insurance accounting standard will be delayed by one year and the extension of the deferral of IFRS 9 to the same date, Alex Bertolotti, Global IFRS17 leader at PwC, said:
    “Today’s announcement of a one-year delay to the implementation of IFRS17 will be welcomed

  • Strong desire for family businesses to grow and ‘keep it in the family’, finds PwC survey

    • Singapore's family owners have a strong desire to keep leadership and decision-making within the family, with 68% of respondents (vs 67% in Asia pacific and 65% globally) now having a next gen in the business • Despite this only 8% surveyed in Singapore (vs 12% in Asia Pacific and 15% globally) have a succession plan, a decline from 2016 figures of 10% (vs 13% in Asia Pacific and 15% globally)

  • Organisations are not doing enough to prepare for the future of work, finds PwC report

    While the majority of businesses recognise which capabilities are important for their future success, many are failing to take the actions needed today to build or even introduce them into their organisations. These actions include using data analytics to make workforce decisions and creating a compelling work experience for employees.

  • PwC launches 2nd edition of Board Diversity Disclosure Guide

    Date 30 October 2018 Contact Charlene LokeTel: +65 8729 0388E-mail: charlene.hs.loke@sg.pwc.comCandy LiTel: +65 8722 7540E-mail: candy.yt.li@sg.pwc.com Follow/retweet @PwC_Singapore
    Singapore, 30 October 2018 – Recognising the importance of board diversity, the recent revision to Singapore’s Code of Corporate Governance (“Code”) on 6 August 2018 now requires listed compan

  • PwC revenues rise to record US$41.3 billion

    For the year ending 30 June 2018, PwC firms around the world earned total gross revenues of US$41.3 billion. Topping US$40 billion for the first time - and marking 21 years of uninterrupted revenue growth. In local currency revenues grew by 7% and in US dollars by 10%.

  • PwC announces a strategic new hire in the expansion of its global Forensic Disputes team

    Date 27 September 2018 Contact Charlene LokeTel: +65 8729 0388E-mail: charlene.hs.loke@sg.pwc.comCandy LiTel: +65 8722 7540E-mail: candy.yt.li@sg.pwc.com Follow/retweet @PwC_Singapore
    Singapore, 27 September 2018 – PwC welcomes new partner Michael Peer to the South East Asian Consulting Forensic Disputes team in Singapore.
    Michael has provided expert witness testimony

  • PwC study shows four out of five executives in Singapore (82%) surveyed report blockchain initiatives underway

    Date 28 August 2018 Contact Charlene LokeTel: +65 8729 0388E-mail: charlene.hs.loke@sg.pwc.comCandy LiTel: +65 8722 7540E-mail: candy.yt.li@sg.pwc.com Follow/retweet @PwC_Singapore
    Singapore, 28 August 2018 – PwC’s latest survey reveals that 82% of executives surveyed in Singapore (versus 84% globally) report blockchain initiatives underway in their organisations; with 13

  • ​Announcement by PwC Singapore

    Singapore, 11 July 2018 – We are proud to welcome Ms Rachel Eng who will be joining a Singapore law firm that is part of the PwC global legal network.
    “We are pleased to welcome Rachel to our PwC global legal network firm, which focuses primarily on legal services adjacent to PwC’s core services. I foresee that we will have opportunities to continue working with WongPartnership in areas

  • PwC welcomes Teng and Co. to its network in Singapore

    Date 1 July 2018 Contact Candy LiMobile: +65 8722 7540E-mail: candy.yt.li@sg.pwc.com
    Singapore, 1 July 2018 – Effective 1 July 2018, Teng and Co. LLC has joined the PwC global network as an independent local law firm.
    Teng and Co. LLC will be led by Joanna Teng, Managing Director, and will provide legal advice to companies and organisations in an increasingly complex busi

  • E&M industry to be revolutionised by technology & telecommunication players

    Date 6 June 2018 Contact Charlene LokeTel: +65 8729 0388E-mail: charlene.hs.loke@sg.pwc.comNatalie ChooTel: +65 8722 7545E-mail: natalie.yl.choo@sg.pwc.com Follow/retweet @PwC_Singapore
    Singapore, 6 June 2018 –Total global spending on entertainment and media will rise at a compound annual growth rate (CAGR) of 4.4% over the next five years, from US$1.9 trillion in 2017

  • Transforming Family Businesses: Ensuring your Legacy is built to Last

    Date 25 May 2018 Contact Sophie Gan, Singapore Chinese Chamber of Commerce & Industry Tel: +65 9658 6594 E-mail: sophie@sccci.org.sg Joanne Ang, Singapore Chinese Chamber of Commerce & Industry Tel: +65 6430 8290 E-mail: joanne_ang@sccci.org.sg Charlene Loke, PwC Tel: +65 8729 0388 E-mail: char

  • Reported economic crime hits record high in Singapore

    More than one in three organisations in Singapore (35%) reported suffering fraud in the last two years, up from 22% in 2016. Of those who suffered fraud, 32% estimate losses linked to the most disruptive fraud at US$1m or above.

  • PwC Growth Markets Centre looks into the Future of ASEAN in latest report

    Date 11 May 2018 Contact Kendall Frearson Mobile: +65 9151 0163 E-mail: kendall.l.frearson@sg.pwc.com
    PwC’s Growth Markets Centre has launched its 2018 annual report titled ‘The Future of ASEAN – Time to Act’, during the official opening of PwC Singapore’s new office premises at Marina One today, which was officiated by Mr Heng S

  • PwC Singapore officially opens office in Marina One

    Date 11 May 2018 Contact Natalie ChooMobile: +65 8722 7545E-mail: natalie.yl.choo@sg.pwc.comCandy LiMobile: +65 8722 7540E-mail: candy.yt.li@sg.pwc.com
    Singapore, 11 May 2018 –Today, PwC Singapore held the official opening of their new office located on levels nine to 13 at Marina One. The official opening ceremony was graced by Guest-of-Honour, Singapore’s Minister for Fin

  • PwC announces a joint business relationship with VeChain Global Technology Holding Limited

    Date 4 May 2018 Contact Wayne Yim, PwC Hong KongMobile: +852 2289 8912E-mail: wayne.kh.yim@hk.pwc.comCandy Li, PwC SingaporeMobile: +65 8722 7540E-mail: candy.yt.li@sg.pwc.com
    HONG KONG, 4 May 2018 - PwC Hong Kong and PwC Singapore are delighted to announce that they are in a joint business relationship with VeChain Global Technology Holding Limited ("VeChain"), a Blockchain

  • Asia Pacific manufacturing companies champion digital transformation, gap with Americas and EMEA set to widen

    Date 16 April 2018 Contact Natalie ChooMobile: +65 8722 7545E-mail: natalie.yl.choo@sg.pwc.comCandy LiMobile: +65 8722 7540E-mail: candy.yt.li@sg.pwc.com
    Asia Pacific manufacturing companies are championing the digitization and end-to-end integration of their operations, introducing digital products and services and connecting new technologies across their organizations at

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