PwC in the news

Latest media coverage

  • 14 May: You can't manage what you don't measure (The Edge Malaysia)
    Malaysian companies need to start measuring their carbon emissions before they can take steps to reduce them, says PwC Malaysia associate director Rashyid Anwarudin.

  • 18 April: McDonald's needs up to 30,000 staff by end-2020 (The Sun)
    CEOs are determined to make sustainable workforce planning part of their business strategy in light of talent shortages and mismatches in the wake of the recession, said the panellists at PwC's "Making Talent Strategic" CEO dialogue.

  • 26 March: Implications of India's budget for foreign investors (The Edge Malaysia)
    Malaysian companies that have invested in India are bound to be affected by India's recent 2012-13 Budget proposals, say Thannermalai Somasudaram and Aditya Narwekar, PwC Malaysia senior executive director and senior manager, respectively.

  • 21 March: Malaysian banks to reshape their business: Survey (The Sun)
    The Malaysian banking industry is expected to reshape their business to drive growth and reduce costs in order to manage the increasingly complex financial landscape, says PwC Malaysia partner, Soo Hoo Khoon Yean.

  • 21 March: Malaysian banks should be innovative (The Malaysian Reserve)
    Malaysian banks should be more innovative and adopt "game changing strategies" in order to seize business opportunities within the region and globally, says PwC Malaysia partner Soo Hoo Khoon Yean.  

  • 21 March: New Indian tax proposal will seriously affect foreign investors (The Star)
    India's recent 2012-13 Budget proposals will have far-reaching implications on Malaysian companies that have invested in India or are operating there, if these proposals are expected to be passed within three months, say Thannermalai Somasudaram and Aditya Narwekar, PwC Malaysia senior executive director and senior manager, respectively.

  • 20 February: Cooperation needed to fight insurance fraud (The Sun)
    Collaboration between all parties is necessary to tackle the long-standing issues of fraud and claim leakages that have plagued the motor insurance industry for many years, says Angie Wong, PwC Malaysia executive director.

  • February: The rise of REITs (iProperty magazine)
    What are Real Estate Investment Trusts (REITs) and how do they fit into your investment portfolio? Jennifer Chang, PwC Malaysia senior executive director explains.

  • 3 February: Malaysian financial institutions need to be prepared to deal with multiple regulators as they regionalise, say experts (Compliance Complete Asia, Thomson Reuters Accelus)
    Malaysian financial institutions venturing overseas need to be prepared to deal with multiple regulators and diversity in regulatory policies, on the heels of recent developments introduced in the Financial Sector Blueprint (FSB), says Soo Hoo Khoon Yean, PwC Malaysia partner.

  • 26 January: CEOs still confident of growth prospects (The Edge Malaysia)
    According to PwC’s 15th Annual Global CEO survey, CEOs are still very confident of their companies’ revenue growth prospects despite a lack of confidence in the global economy outlook.

  • 25 January: CEOs confident of growth prospects (Business Times)
    According to PwC’s 15th Annual Global CEO survey, 40 percent of the chief executive officers polled are very confident of revenue growth for their companies in the next 12 months despite the overall gloomy global economic outlook this year.

  • 2 January: Awareness of cybersecurity still lacking (The Edge Malaysia)
    Lim San Peen, PwC Malaysia senior executive director,shares his views on cybersecurity based on the findings of PwC's 6th Global Economic Crime Survey.

  • 28 December: M&A activities to spur insurance sector in 2012 (The Edge Malaysia)
    Angie Wong, PwC Malaysia’s executive director of financial services, shares her views on merger and acquisition (M&A) activities, which has kept the financial services industry bustling this year and is expected to continue in 2012, particularly in the insurance sub-sector.

  • 24 December: Accountants, analysts give favourable views on blueprint (The Star)
    Soo Hoo Khoon Yean, PwC Malaysia partner, commends the newly launched Financial Sector Blueprint (FSB)’s focus on balanced economic growth and access to quality financial services locally and regionally.

  • 22 December: Cyber crime a growing threat to Malaysian businesses (The Edge Malaysia)
    Lim San Peen, PwC Malaysia senior executive director, and Chong Shao Yen, executive director, discuss the findings of PwC's study on global economic crime.

  • 5 December: Turning a dream into reality in Malaysia's classrooms (The Edge Malaysia)
    Keeran Sivarajah and Dzameer Dzulkifli, co-founders of Teach for Malaysia, credit their working experience in PwC Malaysia and support from its leaders to the success of the programme.

  • October - November 2011 »
    23 November: Many firms favour M&A deals (The Malaysian Reserve)
    Malaysian financial services companies are upbeat about expanding their businesses through foreign mergers & acquisitions (M&A) in Asia as global growth shifts to the East, says PwC Malaysia partner, Soo Hoo Khoon Yean.

    23 November: PwC upbeat on financial M&A (The Sun Daily)
    There will be more merger and acquisition (M&A) activities in Asia in the next 12 to 18 months as the focus of global economic growth shifts to the East, with continued interest in cross-border transactions, says PwC Malaysia partner, Soo Hoo Khoon Yean.

    23 November: M&As to dominate banking sector on rising competition (The Star)
    Mergers and acquisitions (M&As) will continue to dominate the local banking sector moving forward, as banks will merge in the light of rising competition and additional capital requirement regulations, says PwC Malaysia partner, Soo Hoo Khoon Yean. 

    21 November: Climate change reporting heats up in Asia (The Edge Malaysia)
    Climate change reporting is gaining momentum in Asia, especially Malaysia. However, the levels are below average compared with global leading sustainability companies, say PwC Malaysia associate directors Ng Yin Ching and Rashyid Anwarudin.

    8 November: PwC Malaysia is top graduate employer (The Sun Daily)
    PwC Malaysia was named Malaysia’s Top Graduate Employer of the Year 2011 and the Top Graduate Employer in Consulting at the recent Malaysia’s 100 Leading Graduate Employers Awards.

    17 October: Malaysia must find its niche in regional economy (The Edge Malaysia)
    Malaysia needs to up its ante in the regional economy or risk losing out to our neighbours in the war for profits and talent. The government can only do so much, as seen in Budget 2012, so it's up to the private sector and the rakyat to join forces with the government to build a sustainable economy for all, says PwC Malaysia senior executive director Khoo Chuan Keat.

    17 October: Shipping industry - sink or float? (The Star)
    Budget 2012 reveals that the maritime industry is poised for rapid growth but turbulent waters are on the horizon - stagnating and competitive freight rates in the face of increasing costs of new builds. The government needs to review the current policies and incentives of the industry to enhance its competitiveness in the development of Malaysia's economy, says PwC Malaysia senior executive director Steve Chia.

    10 & 11 October: Budget 2012 questions & answers (The Star)
    The PwC team answers questions from readers on the RPGT rate hike, compensation for late payment of tax refunds, incentives for expatriates, individual owners of budget taxis and more.

    10 October: More efficient IRB seen (The Sun Daily)
    A new move announced for the 2012 Budget to compensate taxpayers for late income tax refund will ensure that the Inland Revenue Board speeds up the reimbursement process, says PwC Malaysia senior executive director Sakaya Johns Rani.

    6 October: Tablet PCs allow migration of content without diminishing brand (The Edge Malaysia)
    In the next four years, Malaysia’s Entertainment & Media (E&M) sector is expected to grow at above the global rate, according to a new study by PwC. E&M players need to continuously stay engaged with its consumers and collaborate with other parties in order to maintain their relevance and market presence, says Marcel Fenez, PwC global leader for entertainment & media.

    3 October: People, businesses for downturn (The Edge Malaysia)
    The Budget 2012 should focus on the possible world economic downturn that will impact Malaysia. PwC Malaysia senior executive director SM Thanneermalai shares his views.

     
  • July - September 2011 »
    26 September: Need for fairer tax treatment of developers (The Edge Malaysia)
    The property industry is facing many developments due to changes in the accounting landscape and strict tax regulations. PwC Malaysia senior executive director Steve Chia pinpoints some of the common issues faced by developers and recommends a few alternatives in light of the evolving tax rules affecting the industry.

    19 September: Embracing GST to boost revenue (The Edge Malaysia)
    GST has been getting a lot of press lately, receiving mixed public opinion on tax reform. What can our current tax system tell us about Malaysia, and what needs to change by 2020 in order for us to become a developed nation? PwC Malaysia executive director Raja Kumaran and associate director Nicolaos Giannopoulos study the possibilities and the plus points of introducing a GST in Malaysia.

    5 September: Getting ready for US Foreign Account Tax Compliance Act (FATCA) (The Edge Malaysia)
    The US Foreign Account Tax Compliance Act or FATCA comes into effect on 1 January 2012. Much needs to be done before that, but how prepared are Malaysian public entities? Our Executive Directors Azura Othman and Lorraine Yeoh give some food for thought and tips on how to get FATCA-ready.

    1 August: Insurance sector still seeing M&A activity (The Edge Malaysia)
    PwC Malaysia partner Sridharan Nair and Executive Director Angie Wong speak to The Edge about their thoughts on the local insurance sector. Among their views? Mergers and acquisitions will continue in Malaysia, and local insurers will begin looking to invest overseas.

    4 April: Survival of the fittest (The Edge Malaysia)
    Smaller banks will need to rebrand and re-engineer themselves to stay competitive in the new banking landscape, says PwC Malaysia partner, Soo Hoo Khoon Yean.

     
  • April - June 2011 »
    7 June: Holistic cities with balanced economies to dominate (The Edge Malaysia)
    In a recent report released by PwC and the Partnership for New York City, it was found that the finance and business centres of the future may not necessarily be the traditional capitals of global dominance. Instead, holistic cities with balanced economies and a strong quality of life are becoming increasingly attractive. What makes a holistic city? Our Executive Director Andrew YH Chan comments.

    June Issue: Being prepared (ACCA Accounting and Business)
    The massive earthquake and tsunami in Japan highlight how important it is for public and private organisations to have a robust disaster risk management plan in place. PwC Malaysia Senior Executive Director Ong Ai Lin shares her views.

    May Issue: Heading for the clouds (ACCA Accounting and Business)
    One of the major concerns of today’s CFOs from an IT perspective, is how to maximise the use of emerging technology such as social networking and cloud computing to drive their businesses, says Shahrin Ismail, executive director of PwC Advisory Services, Malaysia.

    4 April: Survival of the fittest (The Edge Malaysia)
    Smaller banks will need to rebrand and re-engineer themselves to stay competitive in the new banking landscape, says PwC Malaysia partner, Soo Hoo Khoon Yean.

     
  • January - March 2011 »
    30 March: Good corporate behaviour spells profits? (The Star)
    Corporations in various industries have made corporate responsibility (CR) a primary business purpose and many believe that there is a link between good corporate behaviour and profits.

    30 March: Views on corporate responsibility (The Star)
    In conjunction with the StarBiz ICR Malaysia CR Awards 2010, StarBiz talks to corporate Malaysia to see how seriously they view corporate responsibility (CR).

    30 March: Ngiam: Good corporate behaviour a must for sustainable future (The Star)
    The StarBiz-ICRM Corporate Responsibility Awards promotes good corporate behaviour among Malaysian companies as the key to a sustainable future, says Star Publications (M) Bhd group managing director and CEO Datin Linda Ngiam at the StarBiz-ICR Malaysia Corporate Responsibility (CR) Awards 2010.

    30 March: Major CR advances seen (The Star)
    Major qualitative improvements and higher standards of CR performance were observed among the shortlisted companies vying for the StarBiz-ICR Malaysia Corporate Responsibility (CR) Awards 2010, says Securities Commission chairman Tan Sri Zarinah Anwar.

    7 March: CEOs need to lead by example (The Star)
    CEOs need to walk the talk and practice what they preach in the CR initiatives implemented by their companies, said Leaderonomics founder and CEO Roshan Tiran at the StarBiz-ICR Malaysia CR Exchange, a forum on CR in the workplace: Issues & best practices.

    7 March: Views on corporate responsibility (The Star)
    Leaderonomics founder and CEO Roshan Tiran, Guinness Anchor Bhd Human Resource Director Sujitha Rajaratnam and Lafarge Malayan Cement Bhd President and CEO Bi Yong Chungunco shared their views on CR and the management’s role in leading the CR agenda during the StarBiz-ICR Malaysia CR Exchange, a forum on CR in the workplace: Issues & best practices.

    4 March: CEOs must recognise, develop talents (The Malaysian Reserve)
    CEOs must recognise and develop talents so that a skilled workforce can sustain their companies, said Minister in the Prime Minister's Department, Datuk Seri Idris Jala at a dialogue hosted by PwC based on the key findings of PwC's 14th Annual Global CEO Survey.

    4 March: Malaysia set to meet investment targets (Business Times)
    The Government is confident it can achieve its investment targets this year under the Economic Transformation Programme (ETP), said Minister in the Prime Minister's Department Senator Datuk Seri Idris Jala at PwC's "What future are you preparing for" dialogue. The dialogue is based on the key findings of PwC's 14th Annual Global CEO Survey.

    4 March: Unleashing talent is job for chief executives (The Edge Financial Daily)
    CEOs need to take the lead in unleashing talent in order for Malaysia to achieve a developed nation status, said Minister in the Prime Minister's Department, Datuk Seri Idris Jala during PwC's "What future are you preparing for" dialogue. The dialogue discussed the shared agenda between the private and public sectors as a critical growth factor, and other key findings of PwC's 14th Annual Global CEO Survey.

    2 March: Firms must engage more with employees (The Star)
    Companies need to engage more with their employees and the community around them in order to develop their presence beyond just profits, said speakers at the StarBiz-ICR Malaysia CR Exchange, a forum on CR in the workplace: Issues & best practices.

    19 February: Making progress in CR (The Star, StarBizWeek)
    More companies are beginning to see the benefits of reporting their CR activities, either in stand-alone CR reports, their annual reports or on websites, says PwC associate director, Ng Yin Ching.

    27 January: PricewaterhouseCoopers is now PwC (The Edge)
    After 13 years of being known — internally and externally — as PwC, the global professional services firm has finally decided to embrace its nickname officially with a logo change.

    27 January: CEOs in Asia Pacific more upbeat on growth: PwC Survey (Business Times)
    According to PricewaterhouseCoopers’ 14th Annual Global CEO survey, chief executive officers in Asia Pacific are more confident of growth in the next 12 months compared to their counterparts in Western Europe.

    13 January:  Zarinah: Bigger companies' CR reporting quality has improved (The Star)
    The standard and quality of corporate responsibility (CR) reporting by the larger listed companies have improved since the StarBiz-ICR Malaysia CR awards was introduced in 2008 for listed companies on Bursa Malaysia.

    3 January: Changing the horizon of lease accounting (The Edge Financial Daily)
    A global leasing standard is being proposed in line with the global International Financial Reporting Standards (IFRS) convergence process, and is expected to have critical business impacts to every entity that has lease arrangements.

  • 2010 archive »
    29 November: Roadmap to cutting emissions (The Star)
    A roadmap to reduce emissions has been introduced by the Government, focusing on energy efficiency, renewable energy and solid waste management, to achieve the target of 40% reduction in carbon emission intensity of GDP by 2020.

    23 November: Responsible practices can attract right workforce (The Star)
    An advantage of adopting responsible practices within an organisation is the ability to attract and retain the right workforce, said Institute of Corporate Responsibility Malaysia (ICRM) chairman Dato Johan Raslan.

    12 November: How to determine how much to pay directors? (The Star)
    Ninety per cent of the directors interviewed in the PwC study preferred a combination of fixed fees and meeting fees, and as long as the majority of the fees are fixed.

    29 October: How much should you pay independent directors? (The Star)
    A recent PwC report on independent non-executive directors (INED) remuneration, entitled “Performance Pays”, suggested that a competitive remuneration rate, based on opportunity cost, should range from RM4,000 to 5,000 per day.

    17-19 October: Budget 2011 questions & answers (The Star)
    The PwC Taxation Services team answers questions on perks for first- time house buyers, stamp duties, service tax, and provides insights on relief for caregiver expenses, GST deferment, RPGT benefits and more.

    18 October: How climate change can affect us (The Star)
    The StarBiz-Institute of Corporate Responsibility (ICR) Malaysia forum, entitled Climate change vs profits: Striking a balance, was moderated by ICR Malaysia chairman and PwC Malaysia executive chairman Dato Johan Raslan.

    11 October: Tax neutrality - the way forward for Islamic finance (The Edge)
    Jennifer Chang, senior executive director of PwC Taxation Services, Malaysia, highlights the need for foreign governments to facilitate Islamic finance by providing tax neutrality.

    11 October: Building green – a tax perspective (The Star)
    Margaret Lee, senior executive director of PwC Taxation Services, Malaysia, suggests that by broadening the scope of tax incentives to the property sector, more property developers will be encouraged to take on green projects.

    9 October: Corporate couples (The Star)
    Phan Wai Kuan, executive director of PwC Taxation Services, Malaysia, says a couple, who are employees or shareholders in the same company, are taxed like all other couples, as separate individuals.

    8 October: Rules to enhance assets info (The Star)
    Mohammad Faiz Azmi, partner of PwC Malaysia, and Malaysian Accounting Standards Board (MASB) chairman, said the new treatment for leases would also have substantial impact, particularly on companies with high business exposure to leases.

    7 October: Transforming Malaysian healthcare (The Star)
    Steve Chia, senior executive director of PwC Taxation Services, Malaysia, suggests that a comprehensive revamp of our healthcare system to tackle rising costs is long overdue.

    4 October: A tax environment conducive to a sustainable retirement (The Edge)
    Khoo Chuan Keat is senior executive director at PwC Taxation Services, Malaysia, and a member of the Advisory Council to the Foundation for Sustainable Retirement.

    14 September: Digital media — the promise and the reality (The Edge)
    A new study by PricewaterhouseCoopers (PwC) shows that while there is increased digital migration across the entertainment and media market, non-digital media like newspapers still provide the bulk of revenue and will continue to do so over the next five years.

    10 September: Poser on whether real property gains tax will be raised (The Star)
    PwC Malaysia's tax leader and senior executive director, Khoo Chuan Keat, said RPGT would not be an efficient tool to raise tax revenue for the Government, and pointed out that the Goods and Services Tax would do a better job for tax collection.

    6 September: Additional licences point to takaful market’s potential (The Edge)
    According to PwC Malaysia's financial services partner, Sridharan Nair, the takaful market's portential is significant.

    28 August: Renewable energy a growth sector for Malaysia (The Star)
    According to Mark Wong, PwC associate director, the 9MP targeted the production of 350MW of grid-connected electricity from renewable sources, translating into 1.8% of electricity mix

    21 August: Framework for remuneration of independent directors (The Star)
    Kartina Abdul Latiff, PwC executive director, recommends a four-step framework as a benchmark for the setting and structuring of remuneration for independent directors

    10 August: PricewaterhouseCoopers raises RM30k for MERCY Malaysia through Business Continuity Conference
    MERCY Malaysia receives a boost from PricewaterhouseCoopers (PwC) through the handover of funds generated from the jointly hosted Business Continuity Conference held in November 2009

    4 August: SC: Embrace CR to prosper (The Star)
    Good corporate governance makes it clear that company directors are responsible for setting direction, developing appropriate strategies, managing talent as well as planning for succession

    22 July: PwC: More banking mergers on horizon (The New Straits Times)
    Given that there are not as many keen sellers as there are buyers out there, pricing could be a major impediment to deals being concluded, says PwC

    22 July: Banks will merge when competition gets hotter (The New Straits Times)
    Bank Negara Malaysia (BNM) is right not to force local banks to merge as they will do so on their own once competition heats up in an increasingly liberalised market, says a banking expert from PwC

    21 July: PwC sees more regional M&As for large local banking groups (The Edge)
    Increasing demand for Malaysia's larger local banking groups to pursue regional mergers and acquisitions (M&A) is expected as the Malaysian market gets more saturated, said PwC consultant

    2 July: CSR beyond philanthropy, says CCM (The Edge)
    The corporate world needs to go beyond philanthropy and embrace corporate social responsibility (CSR) as a core business value to ensure sustainable development

    29 June: Move to reward directors based on performance (The Star)
    The Financial Institutions Directors’ Education (FIDE) programme has come up with a four-step framework recommended by PwC to enhance the link between financial institutions’ (FIs) board of directors performance and their remunerations

    17 June: PwC: Islamic finance needs better offerings (The Star)
    PwC global Islamic finance leader Mohammad Faiz Azmi said as the economy improved, there would be an increase in demand for syariah-compliant financial products

    14 June: Is RST a viable alternative to GST? (The Edge)
    Some quarters have suggested that as an alternative to a Goods and Services Tax (GST), the government should explore introducing a Retail Sales Tax (RST) similar to that used in the US and some provinces in Canada

    11 June: M’sians desire better work-life balance, says survey (The Edge)
    Malaysians want a better work-life balance in addition to having salaries that match their work responsibility, according to a survey by PwC

    15 May: Opinions that matter (The Star)
    PwC Malaysia partner Ng Mi Li shares when a qualified opinion and disclaimer of opinion should be expressed

    13 May: Malaysia needs to attract more international investors (The Star)
    PwC global Islamic finance leader Mohammad Faiz Azmi says Malaysia needs to be more conducive to be the gateway to Asia and Middle East markets to support global economic growth

    11 May: Malaysia, Singapore need to focus on individual niches (The Edge)

    3 May: Venture capital funding for 99 in 2009 (The Edge)

    1 May: Importance of CR work starts to hit home (The Star)

    1 May: Reducing our carbon footprint (The Star)

    1 May: Going green (The Star)

    19 April: Sustainability and Equator Principles in Islamic banking (The Edge)

    21 March: Wise ways to save on taxes (The Star)

    8 March: Day of honours (The Star)

    6 March: Survey on CEOs reveals an oncoming change in Asia (The Star)

    6 March: Is CR a boardroom agenda? (The Star)

    5 March: Political interference greatest risk for banks (The Star)

    1 March: Managing Gen-Y (The Edge)

 
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