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CEOs in Asia Pacific see bright year
By Zhang Fengming |
February 2, 2010, Tuesday
|
Online Edition
Online Edition
ASIA Pacific chief executive officers are more confident of long-term economic growth and half of them plan to increase jobs, a PricewaterhouseCoopers survey said today.
Indicating that the worst of the global downturn is behind them, 82 percent of Asia Pacific CEOs are confident of growing revenues during the next 12 months, the accounting firm said today, quoting a survey in the last quarter of 2009 of about 1,200 CEOs around the globe. It rose from 66 percent in a 2008 year-end survey.
Globally, the majority of CEOs, or 82 percent of the respondents, are expecting to grow their businesses in Asia in the next 12 months.
"The crisis has quickened the change in the economic landscape with emerging nations taking on more economic power than ever," said Frank Lyn, the partner leading PricewaterhouseCoopers in China. "Now, Asia's strategic advantage lies in its people and resources, and its ability to deal with crises."
Leadership and talent development is a key area in which Asia Pacific CEOs will focus their long-term investment decisions.
The financial crisis has pushed the top executives to go deeper in cost savings but still almost half of Asia Pacific CEOs expect to increase headcount over the next 12 months, while only 16 percent expect to cut payrolls. About 32 percent said they will halt hiring.
Indicating that the worst of the global downturn is behind them, 82 percent of Asia Pacific CEOs are confident of growing revenues during the next 12 months, the accounting firm said today, quoting a survey in the last quarter of 2009 of about 1,200 CEOs around the globe. It rose from 66 percent in a 2008 year-end survey.
Globally, the majority of CEOs, or 82 percent of the respondents, are expecting to grow their businesses in Asia in the next 12 months.
"The crisis has quickened the change in the economic landscape with emerging nations taking on more economic power than ever," said Frank Lyn, the partner leading PricewaterhouseCoopers in China. "Now, Asia's strategic advantage lies in its people and resources, and its ability to deal with crises."
Leadership and talent development is a key area in which Asia Pacific CEOs will focus their long-term investment decisions.
The financial crisis has pushed the top executives to go deeper in cost savings but still almost half of Asia Pacific CEOs expect to increase headcount over the next 12 months, while only 16 percent expect to cut payrolls. About 32 percent said they will halt hiring.
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