CEOs less gloomy on economy, but less confident of growth: PwC Survey

Dennis Nally, Chairman of PricewaterhouseCoopers. Photo: AP

Top business leaders are less gloomy about the prospects for the global economy than last year but are hardly brimming with confidence, according to a major survey released on the eve of the Davos forum.

Thursday, 24 January, 2013, 4:21am

PwC pushes for tax breaks, relief measures in Hong Kong budget

PricewaterhouseCoopers forecasts a HK$28.7b surplus and urges the government to offer more tax concessions and relief measures in the budget. Photo: Reuters

A top accounting firm urged the government to offer more tax concessions and relief measures in the budget as it forecast a surplus of up to HK$28.7 billion in the current financial year, thanks to a windfall from land sales.

9 Jan 2013 - 5:17am 1 comment

Accounting showdown

The US regulator wants the audit papers of Chinese companies listed on US stock exchanges or it will delist them. Photo: Reuters

Without much public fanfare or even awareness except in the gloomy world of bean-counting accountants, China and the United States have embarked on yet another business collision course. Patrick Chovanec, the respected Tsinghua University-based American academic asks whether they can avert an "accounting Armageddon".

12 Dec 2012 - 4:04am

Accounting firms caught between the laws of China and the US

The Big Four firms and BDO are accused of not co-operating with the US. Photos: Bloomberg and Reuters

The world's top five largest accounting firms facing a US regulatory probe relating to allegations they withheld documents under mainland state secret laws, have called on China and the US to prevent them being sandwiched between the laws of the two countries.

5 Dec 2012 - 4:45am

Audit says no proof China Public Procurement deals ever took place

There is no evidence that hundreds of billions of dollars of transactions supposedly conducted by China Public Procurement (CPP) were bona fide, according to an audit by PricewaterhouseCoopers (PwC).

10 Nov 2012 - 5:04am

What the local media says

Sunday, Ming Pao Daily

Hospital may shelve plans for obstetrics department

20 Oct 2012 - 4:05am

Regina Ip withdraws from leadership debate

Keeping up appearances.

We regret to inform those who bought tickets for Intelligence Squared's upcoming debate on October 29 that they may feel a twinge of disappointment at a change in the speaker line-up. They are to be deprived of the wit and wisdom of Regina Ip Lau Suk-yee, who was due to speak in favour of the motion "China picks better leaders than the West".

17 Oct 2012 - 2:22am

Skills shortages 'a threat to our future'

Working your way up the ladder is one thing, but achieving the bigger objectives requires another set of business skills: leadership, management, creative thinking, and strategic planning. What concerns senior executives in Hong Kong - and across Asia - is an apparent dearth of these qualities among youngsters hoping to climb the corporate ladder.

28 May 2012 - 12:00am

Hunting down the innovators

An Asia-wide talent crunch is presenting fruitful opportunities for innovative thinkers, according to two landmark CEO surveys released in March.

28 Apr 2012 - 12:00am

'Risk' is no four-letter word now

With many of the devastating financial calamities that have swept through the global economic markets blamed on over-zealous risk-taking, market professionals have largely shied away from the four-letter word in recent years.

That is until now, when the appetite for risk is edging its way back into the finance sector - especially in Hong Kong.

21 Apr 2012 - 12:00am

Leaders of the pack

Shopping online has become big business and American consumers have long been in the forefront, but things have changed in recent years and mainland shoppers are now leading the pack.

10 Apr 2012 - 12:00am

Seeking the correct mix

Getting the right talent is one of the most important things for the future growth of a company.

Ask any HR specialist and he will agree that hiring the correct mix of experienced people sets the company on the growth path.

20 Mar 2012 - 12:00am

Tax law may cost HK firms US$100m

A US law against tax evasion is likely to cost each financial institution in Hong Kong and on the mainland as much as US$100 million in compliance costs when it takes effect next year.

16 Feb 2012 - 12:00am

New KPMG chairman Made the right move

When Michael Andrew was appointed global chairman of KPMG International last October, he made a landmark decision to base his office in Hong Kong instead of the traditional choice of London or New York.

14 Jan 2012 - 12:00am

M&A to keep growing, PwC says

Mergers and acquisitions activity involving Chinese companies should continue to rise this year amid economic growth at home and buying opportunities abroad, PricewaterhouseCoopers said yesterday.

Chinese firms would be particularly keen to buy companies and other assets overseas this year as global uncertainties presented good investments, particularly in Europe.

14 Jan 2012 - 12:00am