EY

More than half (63 percent) of employees in Malaysia anticipate that generative artificial intelligence (GenAI) will improve their way of working flexibly, exceeding the global average of 48 percent, EY said Friday.

The Southeast Asia (SEA) region experienced a year on year rise in initial public offering (IPO) volume of 26 percent and value of 31 percent in the first half amid slowing global market, EY said in a statement on Tuesday.

Global IPO market registered a total of 299 IPOs raising $21.5 billion in the first quarter of 2023, an 8 percent and 61 percent decrease year-over-year, respectively, said Ernst & Young (EY) on Monday.

After a record-breaking 2021, the global initial public offering (IPO) market took a sharp turn in the opposite direction in 2022, EY said on Monday. With only 1,333 IPOs raising $179.5 billion, IPO activity dipped 45 percent and 61 percent by number of deals and proceeds, respectively, year-over-year (YOY).

The EY organization and Microsoft has on Friday announced a deepened strategic relationship to further develop environmental, social, and governance (ESG) data management offerings that support clients with achieving operational decarbonization and net-zero goals.

Asean saw a total of 96 IPOs raising $3.8 billion, up 4 percent in deal numbers and a decline of 57 percent in proceeds YOY. The notable decline in proceeds was due to a lack of mega IPOs (IPOs with proceeds equal to or greater than $1 billion) in YTD 2022.

During this quarter, Indonesia’s IDX was most active by deal numbers (12 IPOs raising $219 million), while Malaysia’s exchanges led by proceeds ($362 million via 5 IPOs). In other Asean exchanges, Thailand’s exchanges saw 5 IPOs raising $228 million, the Philippines Stock Exchange had 4 IPOs raising $201 million while Singapore’s Catalist welcomed 3 IPOs…

This year, the EY organization announced the continued expansion of the EY Foundry startup incubator program into Cambodia, Guam, Thailand and Vietnam.

M&A targeting technology companies hit a record high in Asia-Pacific with tech, advanced manufacturing and mobility sectors topped regional deal activity.