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GenAI holds promise for family business, but critical gaps remain: PwC’s Global NextGen Survey 2024 - Asia Pacific Highlights

GenAI holds promise for family business, but critical gaps remain: PwC’s Global NextGen Survey 2024 - Asia Pacific Highlights

73% of NextGen in Asia Pacific believe that generative AI (GenAI) is a powerful force for transformation, but many question the ability of their family business to capitalise on it Only 8% of family business in Asia Pacific have adopted GenAI, while 56% have yet to explore the technology A mere 9% of Asia Pacific family businesses have established protocols on the responsible use of emerging tec

PwC’s response to Singapore Budget 2024 on 16 February

PwC’s response to Singapore Budget 2024 on 16 February

For immediate release - Singapore, 16 Feb 2024 – The following comments are responses from PwC Singapore on the Singapore Budget 2024:
“The move to introduce a Refundable Investment Credit (RIC) regime is very wise. Singapore needs to remain competitive to continue to attract foreign direct investment. A RIC that is aligned with global standards will enable us to continue attracting high value

Prioritising audit quality, transparency, accountability and talent development in ushering in a new era of audit: PwC’s transparency report 2023

Prioritising audit quality, transparency, accountability and talent development in ushering in a new era of audit: PwC’s transparency report 2023

For immediate release - SINGAPORE, 11 December 2023 – Today, PwC Singapore launches its Transparency Report, for the financial year ended 30 June 2023 (FY23).
Building on The New Equation strategy, the firm sets its sights on ushering in a new era of audit, leveraging its human-led and tech-enabled approach to deliver impactful and quality audit outcomes. The report highlights the firm’s commi

New Asia Pacific study reveals overall progress in sustainability reporting but critical gaps remain; PwC and NUS Business School

New Asia Pacific study reveals overall progress in sustainability reporting but critical gaps remain; PwC and NUS Business School

Overall rise in disclosure of identified climate-related risks and/or opportunities in companies’ sustainability reporting from 77% in 2021 to 88% in 2022 Companies in most jurisdictions do well in having ESG targets (92%), but only 51% are disclosing net zero targets and only 42% have net zero targets based on the Science-Based Targets initiative (SBTi) framework. Only 16% reported having their

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

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
For immediate release - 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 powe

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

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

For immediate release - 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

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