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.
For press releases at the country level, please select the relevant national practice from the Global Site Selector at the top of this page, then proceed to the appropriate press or news-related area of the site.
Beijing, 23 September 2008 – Deloitte Touche Tohmatsu announced that Chris Lu has been elected the CEO of the Deloitte China commencing 1 October 2008. Lu succeeds Peter Bowie who will take up the position of Senior Partner, Deloitte China. Further, Joseph Lo has been elected as Chairman of Deloitte China, succeeding outgoing Chairman Kenneth McKelvie whose term ended on 31 May 2008.
Commenting on the appointments, Jim Quigley, Global CEO Deloitte said, "Mr. Lu and Mr. Lo are very experienced local partners with proven track records in helping Deloitte, its people and clients excel. They are well qualified to continue the strong...
Prague, 10 September 2008 — Central Europe will maintain its impressive five percent growth rates that far outpace western Europe’s economic performance only if it completes free market reforms, warns the Central Europe Top 500 2008, a new ranking and report authored by Deloitte Touche Tohmatsu on the region’s 500 largest companies.
The Deloitte Central Europe Top 500 charts companies’ progress in the region, which stretches from the Adriatic to the Baltic and the Black seas and contains a raft of countries, all of which have either already joined the European Union or are at various stages of the...
New York, September 9, 2008 — Deloitte Touche Tohmatsu (DTT) has been ranked the best overall advisory firm for renewables by Environmental Risk magazine. In its inaugural “Environmental Survey and Rankings 2008,” the magazine ranked global businesses with a presence in the green markets.
“We are honored to receive this accolade which recognizes the many professionals of Deloitte firms offering a broad range of solutions to the business and sustainability challenges posed by climate change,” said Pat Concessi, DTT Climate Change and Sustainable Resources Leader. “Today’s environment...
New York – Jim Quigley, CEO Deloitte Touche Tohmatsu, today commended the U.S. Securities and Exchange Commission (SEC) for taking the next step toward the adoption of International Financial Reporting Standards (IFRS) within the U.S., and the ultimate development and adoption of a single set of globally accepted, high-quality financial reporting standards.
"The decision by the SEC to provide a comment period on a road map for the eventual adoption of IFRS by U.S. companies is essential to ensuring an orderly transition to a global system of financial reporting. An appropriate roadmap has been a critical enabler for...
The global hotel market got off to a good start in 2008, driven by strong average room rate growth. Analysis by Deloitte Touche Tohmatsu shows that for the first six months of the year, North America was the only region not to record double-digit revenue per available room (revPAR) growth (in US$).
“Most regions have seen strong growth for the first six months of 2008, which is a great result for the industry given the current economic uncertainties facing the global economy” said Alex Kyriakidis, Global Managing Partner of Tourism, Hospitality and Leisure at Deloitte.
Central and South America had the highest growth of any...
Hotels in Asia Pacific continued their good fortune during the first six months of 2008, with revenue per available room (revPAR) up 13.2%, outperforming the 12% growth achieved in 2007. Analysis by Deloitte, the business advisory firm, shows that revPAR broke the US$100 milestone to reach US$103. Improvements were driven by double-digit increases in average room rates, which now stand at US$151.
Three of the four sub-regions - South-East Asia, South Asia and Oceania – all reported double-digit revPAR growth. Average room rates continue to drive performance while occupancy either grew marginally or declined. North-East Asia followed...
New York – Deloitte Touche Tohmatsu ("Deloitte") today announced that fiscal year 2008 aggregate member firm revenue increased by 18.6 percent in U.S. dollars, and 13.0 percent in local currencies, to US$27.4 billion. This marks Deloitte’s sixth consecutive year of U.S. dollar double-digit revenue growth from continuing operations. Every service line and every geographic region delivered strong growth. Deloitte aggregate revenues were US$23.1 billion in FY2007.
When announcing the results, Deloitte Global CEO Jim Quigley said, "Our people's continued focus on excellence and their demonstrated ability to work together across...
Analysts at Deloitte, the business advisory firm, have observed a slow down in UK hotel performance in the first half of 2008. Since January, revenue per available room (revPAR) increased by 3.5%, over three percentage points lower than the 6.7% achieved in 2007, reflecting the economic downturn and a drop in consumer confidence.
However, while occupancy levels have seen marginal declines, growth in average room rates is pushing revPAR growth into positive territory. Regional UK results saw occupancy fall 1.4%, while average room rates increased 1.8% to £71 resulting in revPAR growth of 0.4%. Meanwhile, occupancy in London remained...
New York – Charles Heeter, Managing Principal, Global Public Policy, Deloitte Touche Tohmatsu, has been re-elected to a two-year term as Chairman of the Business and Industry Advisory Committee (BIAC) executive board by the BIAC general assembly.
BIAC advises the working committees of the 30 member governments of the Organization for Economic Cooperation and Development (OECD), aiming to bring a business perspective to their deliberations. Last year, more than 2,300...
New York – Forty-eight percent of public officials around the world believe that their organizations lack adequate financial management capabilities, according to a new Deloitte study, "Mastering Finance in Government: Transforming the Government Enterprise through Better Financial Management," one of the largest global surveys ever conducted of government finance officials. Despite progress in streamlining transactional efficiency over the past decade, significant financial management constraints continue to face governments around the world.
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