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BPTP to raise $300 mn from PE firms
2008-09-19 07:30:00 Real estate firm Business Park Town Planners Ltd (BPTP) is planning to raise $300 million (Rs1, 389 crore) from private equity firms. The company needs the money to finance the payment for the 95 acre plot it has bought in Noida, near Delhi, and for the development of a commercial property on this land. BPTP, ...
Forty Six Firms Named As Defendants In Asbestos Lawsuit
2008-09-10 20:03:00 According to a recent report forty six firms have been named as defendants in a recently filed asbestos related lawsuit, which was filed by the victim of asbestos related disease and his wife. Tommy Davis and his wife Jacqueline claim that the defendants were responsible for Tommy contracting an asbestos related disease. The lawsuit was ...
Union, Charity Paid Thousands to Firms Owned by Official?s Relatives
2008-08-14 15:42:00 -By Warner Todd Huston The L.A.Times had a great investigative story this week about typical union corruption. Before going into the story, I’ll remind you that Barack Obama is promising the unions that he will gut the Office of Labor Management Standards responsible for rooting out and prosecuting union corruption. It seems Obama thinks unions are ...
By: Publius Forum
Private Equity Firms Build up on Indian Realty Firms
2008-07-19 10:18:00 Real estate and infrastructure management sector saw Private Equity (PE) deals worth $2.32 billion in the first half of 2008, nearly three per cent higher than the year-ago period, even as the average deal size fell over nine per cent reflecting the sluggishness in the market. According to Grant Thornton, 33 deals were inked in the ...
Can U.S. Textile Firms Survive?
2008-06-27 08:38:00 Allen Gant, Jr., president of Glen Raven Inc., one of America's oldest textile firms, says other U.S. industry players, like his own, can't be old school and survive. Keys to Glen Raven's longevity have been to champion innovation and focus on performance products, not low cost and low wages. Are U.
Firms buy back shares for wrong reasons
2008-06-10 12:21:00 The country is undergoing an unfortunate trend where listed enterprises have started buying back shares for the wrong reasons and without enough money. After seeing the benefit of buybacks in helping to stabilise stock prices when the market falls, listed firms are using different sources of capital to undergo the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Firms consider the wisdom of holding IPOs
2008-06-07 17:31:00 Many State-owned enterprises are debating whether or not to hold initial public offerings (IPO) with the market already saturated and investors discouraged with trading. ?Investors are no longer eager for public auctions, due to cash shortages and the sluggish exchange,? Nguyen Tien Dung, an independent analyst,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Reliance signs MoUs with nine firms for KG basin gas sale
2008-06-07 14:00:00 Reliance Industries has signed agreements with nine fertiliser and power companies for gas sales from its field in the Krishna-Godavari basin over the past three months. India's largest private sector company has signed memorandums of understanding w9 Vote(s)
By: Market Buzz
Foreign-Owned Firms: Are They Different?
2008-06-06 18:00:00 Foreign-Owned Firms: Are They Different?Author:Rolf JungnickelFormat:PDF 1.0MBPublisher: Palgrave Macmillan Number Of Pages: 208 Publication Date: 2002-11-15 ISBN-10 / ASIN: 0333966260 ISBN-13 / EAN: 9780333966266 Foreign-owned firms (FoFs) can have significant implications in terms of employment, income and technology for the national economies involved. This book compares the efficiency of domestic and FoFs, and also looks at the performance of FoFs in several different countries. Contributors take a broad variety of research approaches with a focus on the use of firm-specific data from France, Germany, Austria, and Sweden. They conclude that foreign ownership matters but the real difference is not between FoFs and national firms but between multinational and domestic firms.
Squeeze on Tech Firms could pull down IT Office Rentals in NCR
2008-06-06 08:35:00 An anticipated oversupply in information technology or IT office market is, expected to push down rentals of these buildings in the National Capital Region (NCR), which includes Delhi and its environs. The US is still the largest market for Indian information technology companies contributing to as much as 45% to the total IT and back office services outsourcing business in India. The demand for IT office space may come under pressure due to a slowdown in outsourcing from US companies. This could lead to an oversupply in such space in Gurgaon and Noida in NCR. Interestingly, while IT office building rentals are expected to come down, non-IT office buildings in Delhi and its suburbs command higher rentals, because of a lack of supply. Non-IT office rentals have also been growing at a faster pace than IT office rentals. Over the past six years, rentals have been growing at 9.4% and 16.5% for IT and non-IT office space, respectively. This is largely on account of the significant increa...
By: Realty Digest
Trade Shows for Software & Technology Firms - Do They Still Make Sense?
2008-06-06 01:15:00 Let's talk about what, for some people, is a marketing method from a bygone era: Trade shows, or Trade Fairs, as they're referred to in most places outside of the US.At one point in time, Trade Shows were a staple in most every tech company's marketing budget--shows like Comdex, PC Expo, Network World and a host of others were annual rites of passage. But in this Internet age, they have been greatly reduced in the marketing mix, if not taken completely out of the picture.There are many reasons for this. First and foremost, the ROI of tradeshows was always very questionable for most exhibitors. In marketing departments everywhere there were sharp discussions during budget time, on whether to continue the expense of the major shows. They always seemed important to be at, but usually it was pretty difficult to make a direct correlation to enough actual revenue, to justify the large expense. As the Internet became more prominent, this ROI looked even worse in comparison--as it did fo...
Tata, Infosys among most reputed firms
2008-06-05 20:54:00 New York, June 5: Tata group has emerged as the world's sixth most reputed company, but the country's most valued firm Reliance Industries failed to make the grade. Tata group jumped over 100 positions from last year's 124th ra5 Vote(s)
By: Market Buzz
Market falls, securities firms cut down expenditures, staffs leave
2008-06-05 12:18:00 The prolonged falls of the stock market have been afflicting securities firms. Cutting jobs proves to be the only thing the firms can do now to cut expenditures. Revenue decreases, trying to cut expenditures In the golden age of the stock market, brokerage services could bring VND400mil on average every day to a... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Foreign firms’ M&As in Singapore hit US$13.9b
2008-06-05 02:26:00 Foreign firms’ M&As in Singapore hit US$13.9b Acquisitions for first five months beat US$13.8b for whole of last year By EMILYN YAP Â (SINGAPORE) Barely half the year is over, but foreign companies are already targeting firms in Singapore with mergers and acquisitions (M&As) worth US$13.9 billion, beating the US$13.8 billion recorded for the whole of 2007. Â S’pore-based companies are attractive to foreign investors and are likely to remain so. Many firms here have fundamentally sound businesses, are fairly regional in nature and adopt high corporate governance standards. Â Â According to a Thomson Reuters report, the top five M&A deals aimed at companies here totalled US$9.4 billion in value as of May 28. The largest deal involved Huaneng Power International’s purchase of Singapore-based SinoSing Power for US$3.1 billion in April. Also making the top-five list was Maybank’s US$1.5 billion winning bid in March for Sorak Financial Holdings, whi...
Squeeze on Tech Firms could Pull Down IT Office Rentals in NCR
2008-06-04 08:56:00 An anticipated oversupply in information technology or IT office market is, expected to push down rentals of these buildings in the National Capital Region (NCR), which includes Delhi and its environs, according to real estate consultant Jones Lang LaSalle Meghraj. Rentals of such office space are presently hovering at around Rs 35-70 per sq. ft ...
Search Engine Optimization Firms: Can Make Your Website Popular
2008-06-04 08:18:00 If you have an online business site, the best way for you to become popular on the web is to undertake search engine marketing optimization for your site. Search engine marketing is one of the most important components of search engine optimization for online sites on the web.There are several search engine optimization firms operating in the market these days. You just have to find out a good search engine optimization firm that will do the job for you. Search engine optimization firms have professionals who have expertise in various fields working from them.Access IT Solutions, one of the search engine optimization firms , offer SEO and Internet marketing services to the businesses of all sizes; small, medium or large. Get more calls and ultimately more business by using Access IT Solutions to promote your site.To know more about the company and its services, visit the site http://accessitsolutions.co.ukI-T consultant, IT business solution, IT outsourcing solution, IT solutions, IT...
Shanghai to merge taxi firms in revamp -sources
2008-06-03 13:16:00 Shanghai plans to merge two major taxi operators and create a new industry leader in a government-backed consolidation ahead of the World Expo to be hosted by the city in 2010, sources familiar with the situation said on Tuesday. (...)
By: Taxi Blog
One More Reason To Bet Against Financial Firms
2008-06-02 22:06:00 If you follow the markets at all you are probably familiar with the current debate over the financial firms, like Lehman Brothers and others. The two camps line up roughly like this: the bulls say that all the bad news is behind us, The Fed has pretty much guaranteed that they will bail out a bank rather than let it fail and they still have ways to make money. The bears say that the financials are full of shit, that you can't believe anything they say when it comes to their finacial positions and that any single one of them is liable to go out of business overnight, or at least fall 90% before someone steps in to try and save them.I think you know where I sit; firmly in the camp of the bears. Why? Because when I read articles like this I just know, for sure, that there are losses being hidden and we are nowhere near the end of the credit crisis.From the story:Merrill Lynch & Co., Citigroup Inc. and four other U.S. financial companies have used an accounting rule adopted last year t...
Citigroup arms re-jigger stakes in Vietnamese firms
2008-05-31 19:12:00 The Ho Chi Minh City Stock Exchange announced on its website that Citigroup Global Market Ltd. and Citigroup Global Market Financial Product Ltd. had bought 27,030 shares in Seafood Joint-Stock Company No. 4 (TS4) to raise their stake to 14.29% from 13.97%. The US bank?s subsidiaries had also cut their holdings in... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Copyright Police unhinged: When security firms attack
2008-05-31 05:24:00 One of the private companies that someone with lots of money has set up to detect and shut down those who share copyrighted files via P2P networks has gone over the line. The website Revision3, which uses a Bittorrent to download it’s perfectly legal TV programs, has itself been the target of a “denial of service” ...
Market falls leave securities firms miserable
2008-05-30 11:49:00 Vu Thi Kim Lien, Deputy Chairwoman of the State Securities Commission (SSC), said that many securities companies have led themselves to the edge of bankruptcy by lending several thousands of billion VND to clients under repo contracts. In the last three months, the average trading volume of the stock market was... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Trend of Less Driving Benefits Insurance Firms
2008-05-29 19:37:00 Stifel Nicolaus Analyst Meyer Shields estimates that auto insurers could benefit from the falling number of miles that Americans drive. Insurers may see declines in accident frequency and underwriting, says Shields. He assumes the reduced mileage is due to hiked gasoline prices. The reduction of miles driven could result in higher-than-expected underwriting results. ...
Firms not doing enough to keep talent: recruiter-Singapore
2008-05-29 07:52:00 Firms not doing enough to keep talent: recruiter-Singapore They don’t expect top staff to just up and go but reality dictates otherwise By LEE U-WEN  THE drawback of a buoyant economy is that companies today are too focused on hiring talent and not doing enough to keep it, says a senior recruitment executive.  Ms Greybe: Many Asian companies do not have proper succession planning in place Many Asian companies do not have proper succession planning in place should a key person suddenly decide to depart for greener pastures, and this lack of foresight could hamper plans for the future, said Christine Greybe, managing director of Hong Kong-based DHR International Asia. DHR is an executive search provider with 46 offices worldwide, including a small set-up in Singapore. Ms Greybe told BT: ‘I would say that 90 per cent of our clients contact us not because they need to back-fill a position, but because there’s a vacancy. And we’re talking about director, vic...
Two more firms to list on HaSTC
2008-05-29 02:21:00 Hanoi Securities Trading Center (HaSTC) recently announced that it received enough documents from two companies to list shares on the northern bourse. Particularly, VNECO.SSM Steel Structure Manufacturing Joint Stock Co with a chartered capital of over 27.5 billion dong would list 2,751,664 shares. The company... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
More money being spent on online advertising by UK firms
2008-05-29 02:00:00 British companies are spending more money on the online marketing channel according to a new survey which revealed that a third of these firms now dedicate 25 percent of their marketing budget to internet-based pursuits
Listed firms to buy back fund shares
2008-05-28 03:27:00 During recent time, many the Ho Chi Minh City Stock Exchange (HOSE)-listed firms registered to buy back its shares to make fund shares. Particularly, Petroleum general Service Joint Stock Corp (coded PET) would buy back one million shares from May 29 under the mode of matching order and negotiation. The HCM... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
South Korean firms put up P1-B resort hotel in Subic
2008-05-27 04:42:00 Two South Korean companies have teamed up here recently to put up a resort hotel project worth P1.075 billion, firming up Korean participation in a building boom expected to hit Subic in the next few years. MGfnd Subic Inc. and Subic Rexmier C&D Co., Ltd. signed an investment deal on Monday for the Rexmier Resort & ...
Greenpeace chides console firms
2008-05-26 18:00:00 Sony, Microsoft and Nintendo are not producing ‘green’ enough consoles, says Greenpeace. Source:Greenpeace chides console firms Tags: Tech News, technology
By: My Tech World
Firms cash in on employable skills
2008-05-26 00:02:00 By Sangeetha Chengappa Bangalore May 25: Although India's young demographic profile and a huge talent pool are contributing to her current economic boom, the spectre of youth 'unemployability' looms larger than life.5 Vote(s)
By: Market Buzz
4 firms snap up land at Singapore Seletar aerospace hub
2008-05-23 00:25:00 4 firms snap up land at Singapore Seletar aerospace hub  PLANS for an aerospace hub at the former Seletar airbase are shaping up well, with land that was available under the first phase of development fully taken up by four companies. The front runners are Singapore Technologies Aerospace and Jet Aviation, both existing tenants with plans to expand their current facilities at Seletar. The other two companies are new tenants - engine makers Rolls-Royce and Pratt & Whitney. The new and extended facilities should be up and running by the end of next year. With Phase One out of the way, JTC Corporation, which is overseeing the development of the 140ha park surrounding the existing Seletar Airport, has started talking to potential Phase Two customers, its spokesman told The Straits Times. Part of the plans for the next phase includes a multi-storey commercial building to house aviation companies, such as those in the business of chartering and leasing aircraft as well as aviation...
SEO Firms Beware: Goldline Research and INC Magazine SEO Competition
2008-05-22 18:04:00 About a week ago I was sitting at my desk doing what I normally do when I received a very interesting call. Now this part is not the abnormality as I receive interesting calls all day long. Everything from individuals who want to sell outdated Nokia cell phones manufactured in 1995 to people brushing their ...
European Media Firms Should Invest Online
2008-05-22 10:05:00 European media companies that don’t have an online presence, but are experienced in selling advertising should explore purchasing online groups, such as social networks, top Internet investor Saul Klein, of Europe’s Index Ventures firm said. If newspapers want to gain new audiences, they will need to focus on the Internet, mobile and social media companies, Klein ...
U.S. financial firms are looking to tap into the 17 percent annual growth e
2008-05-21 16:13:00 U.S. investors are flooding into India’s entertainment industry even as Indian moguls send money over to Hollywood. While the credit crunch has stalled private investment in Hollywood films, U.S. financial firms are looking to tap into the 17 percent annual growth enjoyed by the Indian media industry. India’s Economic Times reported investors including Blackstone, Goldman Sachs and Lehman Brothers have flocked to the Indian industry, while media titans like Viacom, Disney and BBC have partnered up with entertainment companies in a trend that’s expected to continue. Smaller investors are getting into the game too. Already 34 mutual funds have been set up to take advantage of India’s growing entertainment industry. Two Indian investment funds, Pyramid Saimira and Vistaar Entertainment Ventures, are each launching a fund that invests solely in India’s film industry, also called Bollywood, the Economic Times reported. Bollywood is the world’s largest ...
Seminar urges firms to list shares overseas
2008-05-21 03:02:00 More enterprises should try to list shares overseas as a more effective channel for raising capital, says Nguyen Ngoc Canh, head of International co-operation under the State Securities Commission (SSC). Speaking at a conference yesterday in Ha Noi entitled A Step into Globilisation Through IPOs and Listing, Canh... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Expert Says Credit Card Firms Can Only Lend So Much Posted By : Abbi Rouse
2008-05-20 08:43:00 Commenting on recent research suggesting that 18,000 people are refused credit daily, a spokesperson for financial advice resource Fool has said that there are limits on the amount that banks can loan in a tightened economic environment. Are you looking for some inside information on income tax refund? Here’s up-to-date information on Taxes and personal finance and also on Taxes.
Cebu firms eyeing IT services market in Korea
2008-05-20 03:43:00 A team of Cebu-based companies are looking at a potential market for IT services in South Korea following a visit to country?s version of Silicon Valley. Organized by the Cebu Business Chamber of Commerce, a delegation of 18 companies visited South Korea last month. Among other places, the group visited Daedok Innopolis in the city of ...
Outsourcing: 20 Indian firms among world's top 100
2008-05-18 08:09:00 Reflecting strong industrial growth, 20 Indian firms, including Infosys and TCS are among top 100 outsourcing companies in the world. The latest '2008 Global Outsourcing 100', compiled by the International Association of Outsourcing Professionals that features at least 20 Indian firms has five of them -- Infosys (third rank), TCS (sixth), Wipro (seventh), Genpact (ninth) and Tech Mahindra (tenth) in the top 10.All the five are leading software service providers. "Half of the top 10 companies are from India, reflecting a strong growth in the outsourcing industry. Infosys Technologies was number three on the Leaders List, representing firms with annual sales of $60 million or more," IAOP said in a statement.Accenture has cornered the top slot and IBM is on the second spot. Companies on the list averaged $1.7 billion in annual sales and engaged about 27,000 employees across the world.Other Indian companies in the list are HCL Technology (11th rank) Mastek (16), WNS Global Services (1...
By: BPO Experts
US BPO to tap Indian global firms
2008-05-18 08:03:00 Outsource Partners International, a business process outsourcing company that provides finance and accounting services to clients in the US and UK through offshore resource centres in India, plans to target Indian global firms to scale up business.The US-based company, which started operations in India in 2002, has set up centres in Bangalore, Delhi and Kochi and employs around 2,500 people with accounting backgrounds. The company is all geared to tap the Indian accounting market which has been witnessing hectic activity.OPI chairman and CEO Clarence T Schmitz said today, "A lot of India-based global firms are facing difficulty in instituting good accounting practices and rigorous financial controls. But the biggest challenge these companies face pertains to hiring and retaining good people, a problem that is also nagging the US. We are looking at such companies."Assuring timeliness and accuracy of results, Schmitz his company provides financial reporting and analysis, data manageme...
By: BPO Experts
Looking for Gas-fired power plant consulning firms
2008-05-17 14:42:00 Dear Sirs, I've searched the company list , looking for a consulting firms that handles more then 500MW gas fired power plants. I've only fownd 1 .... I think there should be some more but the categories limits are not helping. I'll appreciate ANY help . I'm looking for the bigg
Chinese firms take a closer look at RI's investment potentials
2008-05-16 08:43:00 A delegation of 174 business players from China met Indonesian counterparts Thursday to discuss Indonesia's potential for investment and business cooperation.The delegation, the biggest in number from China so far, included representatives from five sectors: Mining and energy; small to medium scale enterprises; agricultural and chemicals; infrastructure and automotive and electronics."Indonesia has the biggest market opportunity among ASEAN countries. There are many opportunities for investment in infrastructure projects," Industry Minister Fahmi Idris said while officiating the meeting.According to the Central Statistics Agency (BPS), Indonesia's total trade with China rose 33 percent from US$10.97 billion in 2006 to $14.62 billion in 2007.Exports to China increased 15.96 percent, from $8.34 billion in 2006 to $9.68 billion last year. Imports from China increased 28.94 percent from $6.64 billion to $8.56 billion from last year.Indonesia News Blog: http://indosnesos.blogspot.com-
Wanbury eyes contract research firms in US
2008-05-16 07:16:00 Wanbury, the largest global manufacturer of diabetes management drug metformin, plans to acquire contract research and manufacturing services (CRAMS)... Click on Headline to read full Article..
Michigan Business Tax levies greater impact on real estate firms -
2008-05-15 15:57:00 Back in March I talked about how the Michigan legislature was trying to destroy real estate values in the state with a new tax system. Well, they passed the tax and now it is in effect. Take a wild guess who it is going to hurt the worst. You got it, landlords and real estate ...
Investors betting on firms that could win rebuilding contracts
2008-05-15 02:18:00 Investors betting on firms that could win rebuilding contracts By Goh Eng Yeow INVESTORS have started buying up stocks that are likely to win extra business in the massive reconstruction effort that is expected to follow the deadly Sichuan earthquake. Shares of steel, aluminium and building-materials firms listed in Shanghai and Hong Kong shot up sharply yesterday on expectations that these businesses are in line for lucrative reconstruction contracts. In Singapore, traders bought big on financial instruments called covered warrants linked to Hong Kong-listed China Railway Construction, one of the mainland’s biggest construction firms. These warrants give investors an option to buy into China Railway Construction until September. If the company wins a big Chinese government contract, these investors stand to gain. As fresh details of the devastation emerged, traders began to realise the extent of likely rebuilding efforts - especially given China’s strong position to...
More big firms could join Singapore MOE’s computer project
2008-05-15 01:58:00 More big firms could join Singapore MOE’s computer project IBM, SCS consider participation in 2nd Standard Operating Environment project By ONG BOON KIAT Â ELEVEN companies, comprising local and multinational heavyweights, have thrown their hats into the ring for a mega IT project from the Ministry of Education (MOE), but more goliaths are set to wade into the fray over the coming months. They include Singapore Computer Systems (SCS) and global IT giant IBM, which both indicated this week that they were mulling over their participation in the Standard ICT Operating Environment (SOE) for Schools project. The first SOE project, coined SOEasy, was awarded in February. It involves about 60,000 computers from 74 public sector agencies and has a contract sum of $1.3 billion over eight years. The cost of the second SOE will be known only after its final tender specifications are released by MOE in April next year. However, an industry source estimated that this project could have a ...
Trash-to-ethanol firms get digging
2008-05-14 15:35:00 From CNET News.com: The trash-powered car may someday see the light of day.CleanTech Biofuels is developing a multistep process designed to take municipal solid waste from a transfer station and turn out ethanol on the other side. The company recently purchased the equipment and
Construction firms set to charge more
2008-05-14 13:49:00 Source: The Nation Construction companies have expressed an intention to increase their prices between 8 per cent and 10 per cent by the second quarter of this year consequent to the rise in prices of raw materials. Prices have risen between 10 per cent and 20 per cent since last year. According to a survey conducted by ...
Pranab hails Dubai Firms’ ‘tailor-made’ India Projects
2008-05-14 08:41:00 The projects being designed by various Dubai-based companies as part of their investment plans in India are tailor-made for Indian requirements, according to External Affairs Minister Pranab Mukherjee. The minister said this after going through a presentation on ‘Dubai’s growth and plans for the future and planned investments by leading Dubai companies in India’ organized by the Dubai Executive Council, a Dubai government entity that formulates and implements federal regulations and local laws and prepares annual budgets along with development plans. “The minister welcomed the investment plans of the companies as were presented and said these were tailor-made for India’s requirements,” a senior diplomatic official, who was present at the presentation Tuesday, the concluding day of the minister’s two-day official visit to the UAE, told IANS. “The minister also reiterated that the Indian government was investor-friendly and fully support...
Extra two firms ask permission to list on HaSTC
2008-05-14 02:47:00 Hanoi Securities Trading Centre (HaSTC) reported that it received the listing applications from VNECO 1 Power Construction Joint Stock Co and Mangan Natural Mineral Joint Stock Co Accordingly, Da Nang based VNECO 1 has a chartered capital of 30 billion dong, of which the state holds 28.08%, operating in fields of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Listed firms report performance in Q1
2008-05-13 02:22:00 A slew of listed firms recently announced their performance in the first quarter of 2008 with both profit and big losses from business, typically Tan Tien Plastic Packing Joint Stock Co (coded TTP) posted a pre-tax profit of nine billion dong, falling by 24.8% against the figure of 11.9 billion dong in the last... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Top audit firms set to march on the LLP route - Singapore
2008-05-12 22:15:00 Top audit firms set to march on the LLP route - Singapore Three of the Big Four look to restructure, taking a cue from US outfits By ANNA TEO (SINGAPORE) After mulling over the pros and cons in recent years, three of the Big Four audit firms in Singapore have decided to convert to limited liability partnerships (LLPs), with at least one of them expected to effect the restructuring quite soon. Deloitte Singapore, KPMG and PricewaterhouseCoopers (PwC) are gearing up to become LLPs, with Deloitte likely to be the first to add the three letters to its name, possibly within weeks. Ernst & Young is understood to be still looking into the issue. Among other key features, a LLP offers its partners limited liability in the event that the firm is sued. In a traditional general partnership - the current business structure of the Big Four and most other audit firms in Singapore - the partners are personally liable for the acts of fellow partners. The idea of corporatising professional firms... |
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