PricewaterhouseCoopers (PwC)

Asia gets tougher on auditors after high-profile defaults

(Mar 14): Regulators in some Asian countries are getting tougher on auditors after landmark defaults, in an increasingly high-stakes game as investors call for earlier warning signs amid expectations for debt failures to mount.

High-profile collapses of commodities trader Noble Group and India’s shadow lender Infrastructure Leasing & Financial Services have rocked investors over the past year. In China, a spate of defaults has raised concerns over the quality of financial reports.

Tabung Haji fails to recognise $180 mil in impairment: PwC

KUALA LUMPUR (Dec 11): Lembaga Tabung Haji failed to recognise a total of RM549 million ($180.4 million) in impairment losses of investments in several associate companies and subsidiaries as well as fair value losses in investment properties and impairment of investment in available-for-sale (AFS) debt security, according to a report by PricewaterhouseCoopers (PwC) made available yesterday.

Succession & forward planning remain key challenges for local family businesses: PwC

SINGAPORE (Nov 14): While family businesses in Singapore are optimistic about growth and have a strong desire to keep their businesses in the family, few have ensured that plans are in place to achieve these objectives.

This is according to the Global Family Business Survey 2018 released by PricewaterhouseCoopers (PwC), which found that the family businesses surveyed in Singapore to grow in the next two years.

SGX to face stiffer competition from regional bourses this year: PwC

SINGAPORE (Jan 3): Singapore ended the past year with a total of 20 initial public offerings (IPOs) and $4.7 billion of total funds raised – the highest in the past four years and a stellar showing for 2017, according to a report launched today by PricewaterhouseCoopers (PwC).

The latest full-year record for total funds raised through IPOs is double than that of 2016 and led by the listing of NetLink NBN Trust, which raised approximately $2.4 billion in gross proceeds, making it the largest IPO listing the local equity capital market has seen in six years.

Why size matters in Singapore's business environment

SINGAPORE (Dec 14): Company size matters when it comes to working capital performance, which, when managed well, could help to improve business performance and revenue growth.

This is according to the Singapore Working Capital Study 2017 jointly conducted by Pricewaterhouse Coopers (PwC) Singapore and SPRING Singapore, which looked at over 1,000 public and private companies across 15 industries in Singapore.

Singapore’s 2017 IPO activity to surpass that of 2016: PwC

SINGAPORE (July 3): The volume of IPO funds raised by end-2017 is expected to surpass 2016 levels with professional services leading the way as the sector with the most funds raised, according to PricewaterhouseCoopers (PwC) Singapore.  

Based on recent data from PwC’s Equity Capital Markets Watch: Singapore H1 2017 report, initial public offerings (IPOs) in Singapore have raised US$329 million ($452.5 million) in the first half of 2017 alone.  

PwC launches Singapore-based APAC research centre in partnership with EDB

SINGAPORE (Jan 27): PricewaterhouseCoopers (PwC) has launched its Asset & Wealth Management (AWM) Asia-Pacific (APAC) Research Centre headquarters in Singapore – an extension of PwC’s Global Market Research Centre based in Luxembourg – in collaboration with the Singapore Economic Development Board (EDB).

The new centre aims to build its analyst and research team to a headcount of 12 over the next five years.

Can Singapore’s property market find its way out of the perfect storm?

SINGAPORE (Nov 22): Once an investor favourite just a few years ago, Singapore has now sunk to “near the bottom” of the rankings it once topped while struggling with overcapacity, falling demand and a slump in its residential sector.

This is according to the Emerging Trends in Real Estate Asia Pacific 2017 report, a real-estate forecast jointly published by the Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC).

Watch out London, Singapore is next in line as best financial hub

Singapore

SINGAPORE (Sept 7): Singapore is next in line if London loses its status as leading business hub in the world.

The Asian island nation ranks behind London as the best global city, PricewaterhouseCoopers said in a new study, based on social and economic data published before the UK voted to leave the European Union. The Cities of Opportunity Index places Singapore ahead of Paris and Amsterdam, two European cities that are seeking to attract foreign businesses if they decide to shift jobs out of London.

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