News archive

9 March 2023 10:00

Nearly four in 10 Singapore CEOs believe their companies not viable if they continue on current path: PwC survey

89% of Singapore CEOs surveyed believe global economic growth will decline over the next year Inflation and macroeconomic volatility rank as the top threats for nearly a third of Singapore CEOs in the short-term Over six in 10 Singapore CEOs see changes in customer demands and regulations as the biggest challenges to long-term industry profitability Amid rising costs, 83% of Singapore CEOs do not

14 February 2023 18:38

PwC’s response to Singapore Budget 2023

Singapore, 14 February 2023 – The following comments are responses from PwC Singapore on the Singapore Budget 2023:
“The Government has not only ‘sweetened’ the GST vouchers and Assurance Package but also showered additional “love” in the form of various one-off support measures such as Cost-of-Living special payments and U-Save rebates to address the concerns over rising inflation. Greater lov

10 February 2023 16:41

PwC’s response to Singapore Budget 2023

Singapore, 14 February 2023 – The following comments are responses from PwC Singapore on the Singapore Budget 2023:
“The Government has not only ‘sweetened’ the GST vouchers and Assurance Package but also showered additional “love” in the form of various one-off support measures such as Cost-of-Living special payments and U-Save rebates to address the concerns over rising inflation. Greater lov

31 January 2023 09:33

Let change be Singapore’s friend: PwC’s Proposals for Budget 2023

Singapore can yield new economic benefits by strengthening its global relevance in sustainability, the digital economy and international trade The country’s strength as an international business hub can be reaffirmed in the age of global minimum tax Time for Singapore to stand out as a global asset and wealth management centre
Singapore, 31 January 2023 – As Singapore awaits the 2023 Budget A

15 November 2022 09:21

PwC’s transparency report reaffirms firm’s commitment to audit quality, sustainability and upskilling

SINGAPORE, 15 November 2022 – Today, PwC Singapore launches its Transparency Report, for the financial year ended 30 June 2022 (FY22), showcasing the firm’s commitment to maintaining audit quality and transparency. The report describes the policies, systems and processes for ensuring audit quality; the results of key quality monitoring programmes and reviews; and the firm’s culture of quality. All

19 October 2022 09:39

Significant potential for integrated regional power grid and electricity market development for ASEAN: PwC

Achieving optimal electrification and supercharging ASEAN’s energy trade requires concerted effort in facilitating infrastructure investment and development across borders
SINGAPORE, 19 October 2022 – As ASEAN faces depleting energy reserves catalysed by climate change while anticipating exponential growth in its electricity demand, an integrated regional renewable power grid and electricity m

18 October 2022 16:56

Cambodia is poised for growth, requiring infrastructure investment to reach potential: PwC report

PwC launches new report to help investors navigate infrastructure investment opportunities in Cambodia
Cambodia is on an upward trajectory of high growth and aims to reach a middle income country status by 2050. Despite a global slowdown in trade due to the pandemic, Cambodia’s exports increased by 16.7% USD17.2bn. This double-digit percentage year-on-year growth in trade has been the main dri

13 October 2022 10:47

ESG-focused institutional investment seen soaring 84% globally to US$33.9 trillion in 2026, making up 21.5% of assets under management: PwC report

SINGAPORE, 13 October 2022 – Asset managers globally are expected to increase their ESG-related assets under management (AuM) to US$33.9tn by 2026, from US$18.4tn in 2021. With a projected compound annual growth rate (CAGR) of 12.9%, ESG assets are on pace to constitute 21.5% of total global AuM in less than 5 years. In Asia Pacific, 80% of the asset managers surveyed plan to increase their ESG-r

4 July 2022 11:14

PwC welcomes 11 new partners in Singapore

Singapore, 1 July 2022: PwC is pleased to welcome 11 new partners to our partnership in Singapore. We are excited to have this diverse group lead our teams in the new financial year as we look forward to working together to make change happen and reimagine the possible with our people and our clients. 
The COVID-19 pandemic has changed the way businesses work, and have brought on unprecedented

29 June 2022 09:30

PwC report: One in five in Singapore workers looking to switch jobs over next 12 months

Employees seek fairer financial rewards, greater transparency, job fulfilment and hybrid working arrangements
Only 12% of Singapore employee surveyed strongly agree that their jobs are fulfilling 29% say they will likely ask for a pay raise; only 31% say they are fairly rewarded More than half express concerns around lack of learning and upskilling opportunities Approximately half of workers i

22 June 2022 09:18

COVID-19 proves to be double-edged sword for family businesses in Asia Pacific and Asean: PwC

PwC’s NextGen Survey 2022 Asia Pacific and ASEAN highlights
43% of the next generation of family business leaders surveyed in Asia Pacific are more committed to their business than before the pandemic 67% recognise that their business has a responsibility to fight climate change and its related consequences Only 12% say they emphasise cyber security and privacy as a priority for their family b

9 May 2022 10:00

Translating sustainability and climate commitments into action: PwC and NUS Asia Pacific sustainability reporting study reveals what’s next for businesses

84% of companies reported climate change as a sustainability issue, but less than half demonstrated integrating climate risks and measures in their operations Disclosures on sustainability training and the linkage of the environment, social and corporate governance (ESG) performance to leaders’ remuneration can be improved Significant opportunities remain for companies to build greater trust with