Deloitte's Global Press Releases page contains links to news and information about the firm's activities around the world. Press releases in this area of the site date back approximately 18 months, with the most recent appearing at the top of the page.
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New York, Jan. 7, 2009 — With manufacturers facing a global recession and the outlook for 2009 looking dim, companies are desperately looking for cash protection, often combined with severe cost cutting initiatives, to survive in these tough economic times. It is a challenging and daunting task requiring top executives to have greater transparency into the company’s operations and use of capital. A new study by Deloitte Research titled “Mastering Finance in Business: The Role and Impact of Financial Management on Strategy, Operations and Business Performance,” reveals how companies can use finance to strategically...
Hong Kong, 11 December 2008 – The Asia Pacific technology sector continued to roar in 2008 as Deloitte’s Technology Fast 500 Asia Pacific winners set new records for growth. Deloitte announced today that winners of its Technology Fast 500 Asia Pacific 2008 Awards experienced the highest level of growth in the history of the rankings while most other industries and markets have been struggling amid a slumping global economy.
Deloitte today also released the results of this year’s Technology Fast 500 Asia Pacific CEO Survey, the firm’s annual analysis of business trends among the winning Technology Fast 500...
London, 4 December 2008 – Analysis presented by Deloitte to hospitality leaders in the Middle East this week reports that despite tourist arrival and hotel performance growth to September, tourism volume in the United Arab Emirates (UAE) will slow due to the current economic conditions facing the important European outbound market. The analysis was shared during the Deloitte Global Tourism, Hospitality and Leisure industry meeting and lunch, the first to be held in the Middle East.
Europeans have seen a decline in the value of their investments and real estate. Combined with the unfavourable exchange rates between European...
New York, 3 December 2008 – Governments' roles will change with the financial crisis. On one hand, governments around the world will expand and broaden their scope of responsibility just as they have done in the past. On the other hand, they will reinforce global interdependence and will see a renewed tendency toward devolution of central power from the center to the edge, according to a recently published point of view by Greg Pellegrino, Deloitte Touche Tohmatsu Global Public Sector Leader.
“Governments will likely respond to the crisis the...
London, 2 December 2008 – The full list of the Deloitte Technology Fast 500 EMEA was announced on 26 November. This ranks public and private technology companies from 23 countries in EMEA with a minimum revenue of €50,000 in year one. It is the most objective industry-ranking standard to focus on the technology sector. The Fast 500 is researched by Deloitte’s Global Technology, Media & Telecommunications (TMT) Group.
Average five-year revenue growth for all companies is 1,297%
France has the most ranked companies with 75 of the 500, closely followed by the UK with 69. The two countries switched positions from last year
London, 18 November 2008 – A report produced quarterly by Deloitte, the business advisory firm, has found that year-to-September hotel performance fell slightly across Europe. Revenue per available room (revPAR) was down 1.5% to €76 driven by a 1.9% drop in occupancy while average room rates decreased marginally to €112.
However, when looking at September figures alone, revPAR across Europe dipped 6.7%.
Commenting, Alex Kyriakidis, Global Managing Partner of Tourism, Hospitality & Leisure at Deloitte, said: “The world is now dealing with one of the most significant economic slowdowns in modern...
New York, 11 November 2008 – Deloitte Touche Tohmatsu issued a new report today delivering guidance and perspective on the recently released set of Generally Accepted Principles and Practices (GAPP) for Sovereign Wealth Funds, also known as the "Santiago Principles” (after the city in Chile where the final drafting took place). The 24 Santiago Principles offer guidelines covering governance, accountability, transparency, and conduct of investments for sovereign wealth funds (SWFs). The report aims to show that laws, regulations, and guidelines such as the Santiago Principles are an important step...
New York, 29 October 2008 – The global economy remains at substantial risk, but the speed and size of the various governmental rescue efforts bode well for a recovery in the not-too-distant future — this from the Deloitte Touche Tohmatsu global economic outlook 4th quarter report. Written by five Deloitte global economists, it predicts that, although developed country economies will continue their serious downturns, the massive infusion of government money should restore activity to the credit markets and set the stage for recovery. Emerging countries will feel the negative effects of this downturn.
London, 27 October 2008 – The impact of the current global economic crisis has reached Asia Pacific and the tourism industry is starting to feel the pressure as growth starts to slow. New analysis by Deloitte, the business advisory firm, shows that although hotels have reported positive growth for the year-to-August 2008, with revenue per available room (revPAR) up 13.2%, on closer inspection, hoteliers have started to feel the strain over the last few months.
Until May 2008, revPAR growth across Asia Pacific was reporting double-digit growth each month, with average room rates driving this. However, since then, revPAR growth has...
London, 27 October 2008 – Hotels in Singapore reported spectacular results over the weekend of the inaugural SingTel Singapore Formula 1 Grand Prix. A review of hotel performance by Deloitte, the business advisory firm, shows that revenue per available room (revPAR) on the final day of the event rose 376.4% to US$570. Occupancy reached 87.9%, the best performing day during the month of September, while average room rates increased just short of 300% to US$648. The two days leading up to the main race also reported strong occupancy and average room rates as the city saw an influx of visitors.
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