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
Singapore can accelerate climate action by giving a leg up to help companies operate more sustainably, and strengthen its food resilience by enabling more economic viability in urban farming A thriving workforce starts with well-supported employees, more care can be extended to Singapore employees In the age of global minimum tax, Singapore can sustain its attractiveness as an international busi
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
For immediate release - Singapore, 9 May 2023 – Digital transformation for businesses is more than a buzzword. However, the question is no longer whether digital can provide value, but rather how it can increase resilience and agility, and reduce cybersecurity and data privacy risk in an increasingly complex business and operating environment.
In response, PwC has embraced an asset-based servic
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
For immediate release - Singapore, 31 January 2023 – As Singapore
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
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
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
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