Press Releases

Tuesday, 16 September, 2014

Gear up for the OECD BEPS Project – Version 2.0

There has been unprecedented attention on tax avoidance in the last few years. This discussion has however, evolved over the years, shifting away from illegal acts of tax evasion to so called “legal” tax avoidance involving the practices of Multinational Enterprises (MNEs) that purportedly lead to some proportion of their profits not being taxed anywhere in the world or taxed at very low rates.


Tuesday, 16 September, 2014

In the week of the Singapore F1, the OECD goes full throttle on global tax reform

The OECD released its first recommendations for a coordinated international approach to combat tax avoidance by multinational enterprises under the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project on 16 September 2014.


Tuesday, 16 September, 2014

PwC response to OECD BEPS recommendations

The OECD today set out final recommendations from the first half of its tax reform programme to tackle Base Erosion and Profit Shifting (BEPS).


Monday, 25 August, 2014

PwC: Infrastructure spending in Asia Pacific to approach US$5.36 trillion annually by 2025

This will account for more than 60% of the world’s total spending on infrastructure.


Wednesday, 13 August, 2014

Singapore candidate takes World Prize once again

Jackson Lim of PwC Singapore has once again come out top at the ICAEW global examination.


Tuesday, 12 August, 2014

PwC named a leader in Worldwide Strategy Consulting Services in IDC MarketScape report

Recognized for value-creating innovation; PwC, Strategy& combination delivers insightful, differentiated strategy


Friday, 1 August, 2014

PwC welcomes legal firm to its network in Singapore

Camford Law will provide legal services in close cooperation with PwC’s global network


Wednesday, 16 July, 2014

H1 2014 Global IPO performance reached record amount, says PwC

Total amount of money raised via IPOs in H1 2014 stood at US$125.4bn, largest amount since H2 2010; Key drivers were increased European IPO activity as well as substantial amount of PE-backed IPOs, which almost tripled in terms of money raised relative to Q2 2013; The two largest global IPOs of the year so far come from Asia, and in Singapore REITs and Mineral, Oil & Gas listings continue to perform well


Monday, 14 July, 2014

PwC: “Traditional” banks may not exist by 2025

A new report from PwC suggests that, by as soon as 2025 – 2030, a market economy could readily exist without banks of the traditional kind.


Wednesday, 11 June, 2014

Seizing the initiative: as growth goes digital, advertising spearheads the migration

Advertising will outpace consumer spending in the migration to digital; imperative for companies to apply a ‘digital mindset’ to build the right approach to monetise the digital consumer; In Singapore, internet advertising will represent the fastest growth yet still lag behind large mature markets; Leveraging on the Infocomm Media Masterplan 2025 will enable entertainment & media companies to develop opportunities through a regional data marketplace and services for an aging population


Thursday, 5 June, 2014

Back on the hiring road – 56% of FS CEOs to increase headcount in coming year

Gamers, government relations, & social media specialists on the most wanted list


Monday, 2 June, 2014

Singapore Climbs to Third in PwC’s Cities of Opportunity Study of Global Centres of Business, Finance and Culture

London Posts the Highest Score; New York takes second; Competition for talent, capital and economic clout drives cities to build and maintain resilient urban communities


Friday, 9 May, 2014

Retail Banking 2020: Asian Banks worried about talent crunch

A global PwC report Retail Banking 2020: Evolution or revolution reveals that senior retail bank executives in Asia Pacific are most concerned about attracting and retaining talent, followed by attracting new customers and new market entrants.


Monday, 5 May, 2014

PwC associate tops ICAEW exams

Jackson Lim of PwC Singapore has been awarded the Spicer and Pegler prize for achieving first place in ICAEW’s global Financial Accounting examination. He is the first locally trained candidate to top the worldwide leader board in the internationally-recognised qualification.


Monday, 5 May, 2014

PwC: Companies operating in Asia face significantly higher risks and challenges as compared to most of the world

Survey reveals rising pressures on businesses as growth in Asia brings about increasing complexities and risks; Survey also reveals significant opportunities for Asian corporate treasuries striving to be process efficient and strategic amidst these challenges


Friday, 2 May, 2014

PwC Appoints new Asia Pacific Asset Management Leader

With effect from 2 May 2014, Justin Ong has taken over as Asset Management Leader for the Asia Pacific region of the PwC global network.


Tuesday, 29 April, 2014

Global banking industry names regulation as top risk over macro-economic concerns

'Banana Skins’ poll identifies top threats to banks


Friday, 25 April, 2014

PwC Establishes Growth Markets Centre in Singapore

PwC has established the Growth Markets Centre (GMC) in Singapore, focused on helping companies successfully enter and expand profitably in emerging economies.


Tuesday, 22 April, 2014

PwC Kicks Off Aspire to Lead: The PwC Women’s Leadership Series

First-ever global forum focused on women and leadership geared to students around the world, including a specially-designed forum in Singapore; Live webcast event with LeanIn.Org


Tuesday, 8 April, 2014

Singapore tops list of APAC countries in new study on talent adaptability

New research by professional services network PwC, commissioned by LinkedIn, the world’s largest online professional network, today reveals that poor talent adaptability – the inability for people to retrain for new skills or switch industries – is costing Singapore S$280 million in lost productivity and leads to businesses wasting huge sums on avoidable recruitment costs.


Thursday, 3 April, 2014

PwC completes its acquisition of Booz & Company

PwC is pleased to announce today the successful completion of its combination with Booz & Company. With the granting of all regulatory approvals for Booz & Company to join PwC, it is now officially part of the PwC Network. All closing conditions for the deal have been met.


Monday, 10 March, 2014

Government and the Global CEO: confidence leaps globally but worries about over-regulation and response to fiscal deficit as high as ever

Singapore taking steps in right direction


Tuesday, 4 March, 2014

2014 International Women’s Day - PwC highlights what can be done to help young women reach leadership positions

To mark International Women’s Day on Saturday 8th March 2014, PwC releases a report focusing on what organisations can do to create the right environment for millennial women to flourish in the workplace.


Monday, 3 March, 2014

PwC: Banking CEOs optimistic about revenues

More than half expect to take on more staff in the next year


Wednesday, 26 February, 2014

PwC Survey Finds that 24% of Singapore-based Companies have Fallen Victim to Economic Crime in the Last Two Years

80% of Singapore-based companies experiencing economic crime encountered asset misappropriation, while 15% fell victim to cybercrime and 15% experienced bribery and corruption


Friday, 21 February, 2014

PwC response: A budget of social transformation

Less about tax changes, more about our people


Tuesday, 11 February, 2014

PwC: Assets under management in Asia Pacific to reach $16.2 trillion by 2020

Research from PwC predicts that global assets under management (AuM) will rise to around $101.7 trillion by 2020, from a 2012 total of $63.9 trillion.


Wednesday, 22 January, 2014

CEOs’ Confidence Rise for 2014 Globally

45% of ASEAN CEOs very confident of Growth; 90% of ASEAN CEOs concerned with availability of key skills – highest in the world


Monday, 20 January, 2014

Making the Singapore fund a preferred option

PwC releases next chapter on tax perspectives that can help create even more opportunities for the Singapore asset management industry


Monday, 23 December, 2013

PwC and Booz & Company combination is approved by Booz & Company Partners

Following the announcement of a conditional merger agreement earlier this year between PwC and Booz & Company, Booz & Company has today announced that its partners have approved the combination.


Monday, 9 December, 2013

International integrated reporting framework released with business and investor support

The release today of the International Integrated Reporting Framework marks an important milestone in the market-led evolution of corporate reporting.


Thursday, 5 December, 2013

Strong real estate fundamentals seen for asia in 2014, says emerging trends in Real Estate®Asia Pacific 2014; Singapore remains among top ten markets for investment

Survey from ULI, PwC Measures Investment and Development Prospects for Cities throughout Asia


Monday, 2 December, 2013

PwC: European banks face capital shortfall of c. €280bn

European banks are facing another turbulent couple of years; PwC estimates that new equity of up to €180bn will be called for and expects a resurgence of the securitisation market; Recovering bank valuations suggests growing investor appetite


Saturday, 30 November, 2013

Budget Wish List 2014

The changes we would like to see in the 2014 Budget relate mainly to the alignment of Singapore’s tax policies and administration with its strategic positioning as a trade and services hub and its current stage of economic development, so as to enhance our competitiveness as well as to help individuals manage costs.


Wednesday, 27 November, 2013

Medtech Companies Looking to Succeed in New Health Economy Must Change How They Innovate, finds PwC’s Health Research Institute

“Embrace failure,” “own the disease,” among PwC’s prescriptions for medtech players


Friday, 15 November, 2013

Asset Managers highly receptive to proposals for new framework

PwC releases survey findings which provide industry perspectives on the need for a new investment fund framework in Singapore


Tuesday, 12 November, 2013

PwC launches retail study focusing on Asian shoppers for the first time

Rapidly expanding Asian economies shaping the global economy; Newly affluent Asian consumer spending more and differently from shoppers in developed countries


Monday, 11 November, 2013

Singapore must re-invent to stay ahead as a fund financial centre

PwC launching White Paper on Singapore Investment Fund Framework to address needs faced by asset management industry to up its game


Wednesday, 30 October, 2013

PwC and Booz & Company Announce Signing of Conditional Merger Agreement

The ECB announced recently further details on its upcoming Comprehensive Assessment to be conducted on major Eurozone banks ahead of the ECB assuming responsibility for their direct supervision under the Single Supervisory Mechanism.


Tuesday, 29 October, 2013

ECB Comprehensive Assessment: PwC comments

The ECB announced recently further details on its upcoming Comprehensive Assessment to be conducted on major Eurozone banks ahead of the ECB assuming responsibility for their direct supervision under the Single Supervisory Mechanism.


Thursday, 17 October, 2013

Power Up: Switching to new utility models

Business models that have underpinned the global utilities industry for the past century are under increasing threat from changing consumer behaviour, disruptive technology, and the rise of decentralised power generation, according to PwC’s 13th annual global power and utilities survey.


Wednesday, 16 October, 2013

Top Innovators Expect US$250 Billion, Five-Year Revenue Boost

PwC study finds innovation moving from fringe activity to mainstream


Saturday, 5 October, 2013

Rise in Investment to Continue in Asia Pacific

China, Indonesia, US ranked as top investment destinations; Urbanisation, rising middle class, infrastructure - potential sources of growth; Opportunities in overcoming regulatory, legal, trade barriers


Thursday, 3 October, 2013

PwC: Missed opportunity for private equity on ESG management

New research from PwC has found that private equity firms globally are missing an opportunity to put a value on the improvements they’re making within their portfolio companies, from implementing their environmental, social and governance (ESG) management programmes.


Wednesday, 2 October, 2013

PwC FY 2013 Global Revenues Grow to US$32.1 billion

Americas, Middle East, Africa continue strong growth; Revenues up in Asia and Europe despite tough economy; PwC predicts global GDP growth of 3% in 2014; 38,000 new recruits, total workforce climbs to 184,000; Plans to invest US$1 billion in growth markets and businesses


Thursday, 26 September, 2013

“Era of ‘growth at any cost’ is over” according to PwC study as people look beyond ‘boom & bust’

93% of company CEOs surveyed by PwC believe measuring their organisation’s total impact, including jobs supported, environmental impact and taxes paid and borne could enable better decisions about business risk, and build a stronger reputation with employees, investors and regulators, than using financial measures alone.


Wednesday, 25 September, 2013

PwC joins the World Economic Forum’s partnering for Cyber Resilience commitment

PwC has signed the World Economic Forum’s (WEF) Partnering for Cyber Resilience (PCR) commitment . In supporting this initiative the PwC network joins other leading global organisations, across the financial services, telecommunications and retail and consumer sectors.


Thursday, 5 September, 2013

Transformational change sweeps private banks as they reconfigure to face multiple challenges

Private banks are facing challenges posed by the economic environment and continuing regulatory pressures, according to a new PwC global report published in June.


Monday, 5 August, 2013

PwC boosts its consulting capability in South East Asia

PwC is growing its consulting capability in South East Asia with the formation of a new joint venture between PwC Consulting practices in South East Asia, New Zealand, Australia and the United States.


Wednesday, 5 June, 2013

Entertainment and media businesses raise their game in agility and customer insight - as constant digital innovation becomes the new licence to operate

Eight high growth markets are driving overall entertainment and media (E&M) spending; but mature markets remain instrumental in driving the global shift towards digital consumption of E&M services; Singapore sees steady growth in digital platforms and should seize opportunities to position itself as both a test bed and regional digital hub enabled by innovation and entrepreneurship


Wednesday, 22 May, 2013

Skills gap is hindering growth for businesses – PwC report

Business leaders globally are calling for governments to prioritise initiatives that help foster a skilled workforce, as more than half of CEOs around the world (58%) say a lack of key skills is hampering their growth prospects.


Tuesday, 16 April, 2013

Rallying call issued to global businesses to join the growing ranks of companies backing enhanced reporting drive

The International Integrated Reporting Council (IIRC), a global coalition of investors, companies, regulators, standard setters and the accounting profession, has opened a 90-day consultation on a framework which it is hoped will enhance corporate reporting.


Tuesday, 9 April, 2013

PwC Singapore's inaugural Accelerator programme has been established

TMT industry in Singapore in good position to address fast growing markets in Asia; PwC Singapore launches its inaugural Accelerator programme to allow overseas and local high-growth TMT companies to leverage on this potential


Monday, 25 February, 2013

PwC response: A Robin Hood Tax for Singaporeans offering benefits to citizens

Businesses also receive significant help such as through Wage Credit schemes but the Government remains focused on economic restructuring and improving productivity and quality.


Thursday, 10 January, 2013

Budget wish list 2013

Our wishlist for the Singapore Budget 2013 wish list is focussed on addressing the issues of the need for access to financing, increasing productivity and innovation and local companies expanding overseas.


Tuesday, 6 November, 2012

Leading Professional Services Network PwC launches new member firm in Myanmar

PwC announced today the official opening of its Myanmar member firm, bringing the reach of its network in Southeast Asia to 9 countries in the region


Thursday, 1 November, 2012

PwC Launches Guide to Investing in South East Asia

PwC is pleased to announce the publication of South East Asia – Investment Opportunities, Tax & Other Incentives.


Thursday, 25 October, 2012

Family businesses are ‘unsung heroes’ of the global economy, with increased sales and aggressive five-year growth plans, says PwC

Two thirds of family firms around the world have grown their sales in the past year, and even more are confident that their ambitious growth targets for the next five years will be met. However, family businesses continue to face the perennial problem of recruitment of skilled staff and planning for succession.


Wednesday, 10 October, 2012

Singapore remains Asia’s leading city in 2012 Cities of Opportunity study: PwC

For the second year in a row, Singapore is Asia’s leading city as reported in the Fifth Edition of PwC’s Cities of Opportunity study. Singapore climbed two places to 7th position out of 27 cities surveyed, ranking first in ease of doing business, and transportation and infrastructure.  


Friday, 5 October, 2012

PwC FY 2012 Global Revenues Rise to US$31.5 billion

PwC FY 2012 Global Revenues Rise to US$31.5 billion


Monday, 2 July, 2012

PwC: Global commerce set to bypass the West as SAAAME emerging market intra-trade increases

Singapore a key intra-trading centre in SAAAME


Sunday, 17 June, 2012

PwC appoints Yeoh Oon Jin as next Executive Chairman

Executive Chairman Gautam Banerjee announces his successor for PwC Singapore


Thursday, 14 June, 2012

The Economics of sport: PwC study seeks to benchmark Olympic medals tally

British team set to benefit from ‘home town’ effect; Economic size matters in medal tally – but David can still beat Goliath; US and China to renew their top-of-the-table tussle in 2012


Tuesday, 12 June, 2012

The end of the digital beginning: challenge for media companies now lies in how to implement their digital strategies

Digital migration is increasingly playing out differently across the various segments and geographies of the entertainment and media industry says PwC’s Global Entertainment and Media Outlook 2012-2016


Tuesday, 8 May, 2012

PwC Appoints New Singapore Advisory Leader

PricewaterhouseCoopers LLP today announced the appointment of Ong Chao Choon as the new Singapore Advisory Leader.


Friday, 17 February, 2012

Gearing up for our future : PwC comments on the Singapore Budget 2012

PwC responds to Singapore Budget 2012, delivered this afternoon by Finance Minister, Tharman Shanmugaratnam.


Thursday, 9 February, 2012

PwC: Still a long way to go for financial institutions to be ready for FATCA

The United States Treasury Department and the Internal Revenue Service (IRS) have today issued proposed Regulations Relating to Information Reporting by Foreign Financial Institutions (FFIs) and Withholding on Certain Payments to Foreign Financial Institutions and Other Foreign Entities.


Monday, 30 January, 2012

Threat of recession contains risk of further bank failures

‘Banana Skins’ poll identifies top threats to banks


Monday, 16 January, 2012

Digital banking to be the norm by 2015

PwC report – Banks need to set out a clearer digital vision to engage customer and secure customer relationship primacy


Tuesday, 13 December, 2011

Senior executives expect Eastern promise to dominate IPO pipeline by 2025

In only fifteen years from now, China is predicted by almost 80% of respondents to PwC’s “Capital Markets in 2025” report to be the most favoured destination for companies looking to raise capital and float their businesses.


Wednesday, 7 December, 2011

Global gaming revenues set to reach US$182.8 billion by 2015

Asia Pacific will be the fastest-growing region for casino gaming spending over the coming five years, and could surpass the US as the biggest gaming region in 2013


Tuesday, 29 November, 2011

PwC’s 2011 Global Economic Crime Survey Finds Economic Crime Continues to Increase

34 percent of respondents were victim to one or more frauds in last 12 months, Cybercrime on the rise as technology use expands


Tuesday, 21 June, 2011

Regulations and client expectations change status quo in wealth management industry, finds PwC research

PwC Issues Findings of 2011 Global Private Banking and Wealth Management Survey


Wednesday, 8 December, 2010

Singapore is top market for real estate investment next year, says Emerging Trends in Real Estate® Asia Pacific 2011

Forecast from ULI, PwC is Promising for Asia Pacific


Wednesday, 1 December, 2010

Asia on the runway as the next global leader in information security

Eighty-six per cent of Asian security professionals are boosting spend on information security in the next 12 months, reveals global survey


Tuesday, 8 September, 2009

Asia’s private banking at the crossroads – time to change for the future

Sixty per cent of Asia’s private banks suffered client asset attrition of more than 20 per cent in the last 12 months, but 90 per cent expect to grow their client asset base by almost 30 per cent per annum over the next two years, according to PricewaterhouseCoopers (PwC).


Tuesday, 5 May, 2009

Pharma companies must explore unconventional collaborations to survive economic crisis

According to new research by PricewaterhouseCoopers (PwC), even the largest pharmaceutical companies will soon need to step outside their sector and collaborate with other organisations.


Tuesday, 28 April, 2009

66% of foreign invested fund management companies in China anticipate significant growth by 2012

PricewaterhouseCoopers report finds no evidence to suggest the global financial crisis has resulted in moves to scale back or withdraw from China


Monday, 23 March, 2009

Financial institutions are cautiously optimistic about M&A in Asia’s new playing field

Notwithstanding the crisis, M&A is still on the cards. More than one in three senior executives are planning strategic deals within the next 12 months to seize unprecedented expansion opportunities, reveals the latest PricewaterhouseCoopers M&A survey on financial services


Thursday, 12 March, 2009

Grim economic outlook tops risk concerns for insurers in Asia

Investment performance is key to survival, reveals the latest joint PwC and CSFI Banana Skins 2009 poll


Thursday, 12 March, 2009

Tech Companies in Asia upping the ante in collaboration

73 per cent of technology companies in Asia see collaboration as fundamental to tap business and innovative opportunities in next three years but increasing complexities pose critical risk concerns


Monday, 9 March, 2009

Smaller and refocused salesforce will enable pharma companies to create more value for patients

New marketing model will transform industry in next 10 years says PwC report


Wednesday, 11 February, 2009

Opportunities for Singapore companies to claim sizeable VAT refunds in the UK

Amid a global financial crisis when businesses are bearing the brunt of a credit crunch and cash is king, businesses in Singapore may find an unexpected source of cash if they have subsidiaries in the United Kingdom (UK) who have paid value-added tax (VAT) prior to 1 May 1997.


Friday, 6 February, 2009

The day after tomorrow

Financial services will adapt to its new world with significant changes to its traditional models, argues a new PricewaterhouseCoopers paper


Wednesday, 4 February, 2009

Asia Pacific CEOs more bullish about short term growth

People critical to long-term growth, says PricewaterhouseCoopers survey


Friday, 23 January, 2009

PricewaterhouseCoopers comments on the Singapore Budget 2009

PricewaterhouseCoopers (PwC) Services LLP in Singapore unveils its comments for the 2009 Singapore Budget.


Monday, 5 January, 2009

New Year wish list for Singapore Budget 2009

PricewaterhouseCoopers shares insights on budgetary measures needed to brave the storm in the current economic climate


Monday, 5 January, 2009

PricewaterhouseCoopers converted to Limited Liability Partnership on 1 January 2009

PricewaterhouseCoopers (PwC), a previously existing accounting partnership in Singapore had on 1 January 2009 converted into an accounting limited liability partnership (LLP) known as PricewaterhouseCoopers LLP (PwC LLP)


Friday, 19 December, 2008

PricewaterhouseCoopers and Kreta Ayer Residents Committee bring Christmas cheer to elderly residents in Chinatown by giving over $34,000 in donations

Christmas comes early for 400 households comprising elderly residents living in one-room HDB flats in Chinatown today. This is the result of a joint initiative by PricewaterhouseCoopers (PwC) Singapore and Kreta Ayer Residents’ Committee (RC).


Friday, 5 December, 2008

Singapore ranks second among Asia Pacific cities for real estate investment: Emerging Trends in Real Estate® Asia Pacific 2009

Singapore retains its second place rating in the top five Asia Pacific cities in terms of real estate investment prospects, according to Emerging Trends in Real Estate® Asia Pacific 2009, recently released by the Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC).


Tuesday, 4 November, 2008

Asian financial institutions see changes in the offing for talent rewards

93% expect to see changes ahead and more than half favour incremental changes with greater variability in rewards structures within industry


Thursday, 30 October, 2008

Security practices in Asia now on par with North America, boosted by advances in India, China, Singapore and Hong Kong

Singapore companies shore up their security measures and now view security from a strategic and management perspective, a new PwC report reveals


Friday, 24 October, 2008

PricewaterhouseCoopers invests in its people for the future

A unique sporting challenge to build team spirit and give back to the community


Tuesday, 14 October, 2008

Singapore tops an inaugural survey as the easiest country to localise foreign talent in Asia

Survey results confirm Singapore’s success in attracting foreign talent through government and corporate initiatives


Monday, 7 July, 2008

PwC launches new thought leadership on Pharma R&D

"Pharma 2020:Virtual R&D, which path will you take?" contends that new technologies could transform Pharma R&D by ‘virtualising’ research to drive innovation


Tuesday, 24 June, 2008

Entertainment and media companies face a collaboration imperative for the next five years

Net Generation fuels need for industry alliances, with global spending on entertainment and media forecast to reach US$2.2 trillion in 2012


Monday, 23 June, 2008

Foreign banks in China forecast buoyant revenue growth in 2008

The number of foreign banks in China may reach 100 by 2011


Tuesday, 6 May, 2008

Credit fears transform banking risk landscape, says PwC poll

‘Banana Skins’ survey ranks top risks facing banks worldwide


Tuesday, 25 March, 2008

Investors rank transparency and risk management as highly as returns in their decisions to retain alternative asset managers, says PwC survey

This finding verifies industry belief that when returns start to moderate, investors focus more intently on operational infrastructure.


Monday, 4 February, 2008

Asian CEOs more confident than their Western counterparts

Asia also takes the lead on M&A activity, PwC global survey finds