DGAP-News: Rise in Investment to Continue in Asia Pacific
(firmenpresse) - PwC
05.10.2013 06:00
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China, Indonesia, US ranked as top investment destinations
Urbanisation, rising middle class, infrastructure - potential sources of growth
Opportunities in overcoming regulatory, legal, trade barriers
BALI, Indonesia, 2013-10-05 06:00 CEST (GLOBE NEWSWIRE) -- Forty two percent of
chief executive officers (CEOs) in Asia Pacific are 'very confident' of revenue
growth over the next 12 months and close to 70% intend to increase their
investments in the region, according to a study by PwC.
The study, 'Towards resilience and growth: Asia Pacific business in
transition', surveyed nearly 500 business leaders on their attitudes towards
doing business in the region. It was released today at a meeting of the Asia
Pacific Economic Cooperation (APEC) in Bali, Indonesia.
The survey found confidence among Asia Pacific-based executives on the rise.
Some 42% of executives say they are 'very confident' of revenue growth in the
coming year, up from 36% last year. Longer term, 52% say they are confident of
growth over the next three to five years, about the same as in 2012.
According to the survey, the trend towards urbanisation in many Asia Pacific
economies, the emergence of the local middle-class and the need for
infrastructure development are the main reasons for driving the increase in
confidence.
'Executives in the Asia Pacific region are in the midst of a major
transformation taking place within the region driven by a gradual but steady
rise in income and economic opportunity for millions of people,' says Dennis M.
Nally, Chairman of PricewaterhouseCoopers International Ltd. 'While overall
confidence in growth in Asia Pacific remains undiminished, APEC economies now
also face many of the uncertainties of slower growth, previously limited to the
more developed markets.'
In the survey, executives were also asked to identify their 'dark horse' pick -
an Asia Pacific economy that could surprise with more business opportunity than
is currently expected. Indonesia was the top pick, followed by Myanmar, China,
The Philippines, and Viet Nam. Among the most cited attractive qualities were
expanding middle classes, ample natural resources, increasing transparency,
infrastructure improvement plans and political stability.
In other findings:
-- Nearly 90% of Asia Pacific CEOs say their growth strategies are influenced
by the growing market of middle-income consumers. And nearly half of
investment increases are focused on new products, services and distribution
- growth areas for serving the growing middle class.
-- About one in five CEOs is pursuing mobile-enabled products and services
such as transactions.
-- Developing broadband network and urban transport will bolster economic
growth, as will changes in regulatory and legal barriers and trade
infrastructure.
-- Regulatory consistency across the region could unleash additional
investment. A fifth of CEOs say that if rules concerning intellectual
property, corporate governance and services are harmonised they are 'highly
likely' to invest more.
-- The multiple trade discussions among APEC economies is welcomed by about
70% of regional CEOs, but 22% also see them leading to more uncertainty and
administrative costs.
'Investment prospects are looking positive across Asia Pacific,' says Mr.
Nally. 'However, if governments use the APEC meeting in Bali to effectively
tackle CEOs' concerns about regulatory and legal barriers, and to speed up
progress on trade negotiations, this could unleash an even greater wave of new
investment and help secure CEO confidence in the region.'
Notes to editors:
-- About APEC
The Asia-Pacific Economic Cooperation (APEC) forum is the premier economic
organisation in the Asia-Pacific region. Established in 1989 by 12 economies,
APEC fosters growth and prosperity by facilitating economic cooperation and
expanding trade and investment throughout the region. APEC's 21 member
economies today account for 55% of global GDP.
The APEC CEO Summit is the Asia-Pacific's premier business event, drawing
thousands of economic and business leaders from around the region and beyond.
The 2013 CEO Summit will be held from 5th to 7th October in Bali, Indonesia.
-- Survey Methodology
Carried out by PwC International Survey Unit, the APEC CEO Survey 2013 was
conducted between June and August 2013 covering 478 CEOs and industry leaders
in all 21 APEC economies. The full survey report can be found here
www.pwc.com/us/apec/2013
-- About PwC
PwC firms help organisations and individuals create the value they're looking
for. We're a network of firms in 157 countries with more than 184,000 people
who are committed to delivering quality in assurance, tax and advisory
services. Tell us what matters to you and find out more by visiting us at
www.pwc.com.
PwC refers to the PwC network and/or one or more of its member firms, each of
which is a separate legal entity. Please see www.pwc.com/structure for further
details.
2013 PricewaterhouseCoopers. All rights reserved.
The PwC logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=2684
CONTACT: Mike Davies
Tel: + 44 (0) 7803 974 136
Email: mike.davies(at)uk.pwc.com
Mike Ascolese
Tel: + 1 646 471 8106
Email: mike.ascolese(at)us.pwc.com
News Source: NASDAQ OMX
05.10.2013 Dissemination of a Corporate News, transmitted by DGAP -
a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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End of Announcement DGAP News-Service
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Datum: 05.10.2013 - 06:00 Uhr
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