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Local firms keen on investing in technology, consumer goods — EY survey

​ PHILIPPINE corporate entities are beginning to invest more in the sectors of technology and consumer goods through mergers and acquisitions (M&A), while the Southeast Asian (SEA) region is expected to be the hotbed for M&A transactions in the coming months. The 23 rd edition of EY Global Confidence Barometer surveyed over 2,400 executives in 52 countries, 185 of whom are from Southeast Asian (SEA) countries Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam. In the Philippines, companies are said to have already started on M&A moves. “The survey showed that the financial services, oil and gas, and power and utilities sectors are among the most acquisitive sectors in the Philippines,” Noel P. Rabaja, strategy and transactions leader at SGV & Co., said.

Southeast Asia poised with more M&A opportunities in near-to-medium term

Southeast Asia poised with more M&A opportunities in near-to-medium term 17:58 | 07/04/2021 Optimistic about business recovery, Southeast Asia is the epicentre for growth opportunities among corporates in the region The survey of more than 2,400 executives in 52 countries, including 185 respondents across Southeast Asia (Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam) found strong optimism among the surveyed business executives, as they expect a recovery in profitability to pre-pandemic levels by 2022 (59 per cent) or even 2021 (12 per cent). Respondents believe that the key areas where their organisations have outperformed during the pandemic include operational stability (66 per cent); digital transformation (54 per cent); and engagement with local communities (53 per cent). Conversely, innovation of new products and services (54 per cent) scored the highest in underperformance.

Afternoon Coffee: Merck vaccine production; Factory growth; Aavenir

Adobe Stock President Joe Biden announced that pharma giants Merck and Johnson & Johnson will come together to help produce J&J’s one-shot COVID-19 vaccine, according to CNBC. Under the deal, Merck will dedicate two facilities in the US to the vaccine one to produce the vaccine and the other as a “fill-finish” service to place the vaccine in vials. The Department of Health and Human Services (HHS) said the US will invoke the Defense Production Act to invest $105 million for Merck to convert, upgrade and equip the company’s facilities to the standards to safely manufacture the vaccine. Officials scoured the county for manufacturing capacity after they realized that J&J had fallen short in its vaccine production, the article said. They sought a deal with Merck, which scrapped plans to develop its own vaccine in January.

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