SGV Strategy and Transactions (SaT) Leader Noel P. Rabaja (NPR) was among the panelists at the EY Global Capital Confidence Barometer – ASEAN virtual media briefing on 7 April. Reporters, writers and media personalities from across ASEAN attended the briefing, which discussed the results of the 23rd EY Global Capital Confidence Barometer, a survey that explores corporate confidence in the economic outlook, identifies boardroom trends and practices in the way companies manage their Capital Agenda, and examines how companies can future-proof their businesses. The survey respondents included an independent panel of senior executives and leaders of the world’s biggest and fastest-growing companies.
EY ASEAN SaT Leader Vikram Chakravarty presented the survey’s key findings in Southeast Asia (SEA), the region’s macroeconomic environment and M&A outlook, and the trends and strategic considerations driving business transformation. NPR explained that some companies in the Philippines plan or have already started to pursue M&A opportunities, emphasizing the survey’s findings on the most acquisitive sectors in the Philippines and the growing interest in the technology and consumer goods sectors. He also discussed how the pandemic has forced companies to rethink their business models and drive digital transformation in their organizations.
Other panelists, EY Indonesia SaT Leader David Rimbo, EY Malaysia SaT Partner Preman Menon, EY ASEAN M&A Leader Luke Pais and EY Indochina SaT Leader Du Vinh Tran, discussed the primary drivers of economic activity in their respective markets.