Kpmg singapore

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Already have an account? Log in. Find out more about subscription packages here. KPMG in Singapore is banking on environmental, social, and corporate governance ESG services to drive growth, as businesses in the Republic face an urgent imperative to adopt sustainable practices. The Singapore office of the professional services giant is training staff and building its own capabilities accordingly, managing partner Lee Sze Yeng told The Business Times in an interview shortly after taking on the role. Lee, formerly deputy managing director and head of audit, took over in October from Ong Pang Thye, who had been managing partner since ESG efforts are an ongoing journey for many organisations, each of which is at a different stage of maturity, noted Lee.

Kpmg singapore

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In the glitzy Asian city-state of Singapore, the sequins are out, limousines polished and hotel pillows plumped. The city's hosting Taylor Swift's Eras tour this week - an honour, but one that has come at a cost. Culture minister Edwin Tong has since told Singapore's CNA the figure was "nowhere as high" - although he still refused to be drawn on the exact figure. That triggered criticism across the region. In the Philippines, a lawmaker criticised the move, saying "this isn't what good neighbours do" - and called for a formal protest against the grant. But while governments are seeing red - it's the fans who are paying the price, literally. Swift is heard everywhere across South East Asia, home to roughly million people - from alleyways in Ho Chi Minh to taxi cabs in Bangkok. So for many it was a punch in the guts to learn all six shows would be held in the region's most expensive city. Singapore's currency - one of the strongest in Asia - has long been a deterrent for visitors.

Kpmg singapore

In a recent budget proposal collaboration with the Singapore Business Federation SBF , the firm stressed aligning tax incentives with global standards, fostering regional innovation and digitisation, and championing sustainability to secure a competitive edge. Mr Sanganeria urged Singapore to recalibrate its tax incentives to meet global benchmarks while ensuring that investor interest remains intact. He also called for Singapore to be more prominent in regional innovation and digitisation. The suggestion is to position the city-state as a data innovation hub, fostering public-private partnerships and leveraging collaborative efforts to drive technological advancements across industries. Climate financing and Environmental, Social, and Governance ESG initiatives were identified as key mechanisms for Singapore to contribute to global climate change mitigation efforts. Additionally, he raised concerns about manpower constraints, indicating a weakened business outlook. As Singapore navigates through these complexities, the strategic recommendations by KPMG highlight a forward-looking approach that emphasizes economic resilience and sustainable and digitized growth. In a rapidly evolving global landscape, the call to action is clear: for Singapore to cement its leadership role in the region, adaptation and innovation are imperative. Skip to content.

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With , people in the network working together to deliver value in countries and territories, we offer a globally-consistent standard of service based on professional capabilities, industry insight and local knowledge. Our Tax Consulting team advises on complex cross-border tax matters, helping companies better manage multiple tax systems and regulations. Apple accused of monopolising smartphone markets in US antitrust lawsuit. This includes advising private clients and single-family offices in setting-up efficient structures in Singapore or migrating existing offshore structures into Singapore. Your enquiry will be sent to the team below and you can expect a reply within three business days. Enjoy reading! ESG efforts are an ongoing journey for many organisations, each of which is at a different stage of maturity, noted Lee. Keyword added to your list. Form could not be submitted. Now that you have experienced myBT with just a few keywords, subscribe to BT Premium to get full-access.

This additional investment aims to drive financial services innovation, build ESG capabilities, and provide support to businesses in their innovation and transformation journeys. Lee Sze Yeng, will succeed Mr. Leadership Transition Mr.

Our clients cover a broad range from individuals through to some of the largest multinationals in the world. These are complemented by our knowledge of business systems, processes and controls. Lee, formerly deputy managing director and head of audit, took over in October from Ong Pang Thye, who had been managing partner since How was your Connections Concierge experience? Such enquiries submitted through our platform will not be prioritised. Address View in Google Maps. This consent can be revoked at any time here or through an unsubscribe button in any EDB email. Contact information Your enquiry will be sent to the team below and you can expect a reply within three business days. ESG efforts are an ongoing journey for many organisations, each of which is at a different stage of maturity, noted Lee. Link invalid! When asked why they choose to work with KPMG member firms, many clients cite our high level of professional ethics, loyalty and approachability. More information can be found in the Privacy Policy. Purchase this article. Now that you have experienced myBT with just a few keywords, subscribe to BT Premium to get full-access.