Tag: PwC

Survey finds 40% of New Zealand CEOs very confident

Press Release – PwC Survey finds 40% of New Zealand CEOs very confident about revenue growth, despite an expected challenging global economy this yearSurvey finds 40% of New Zealand CEOs very confident about revenue growth, despite an expected challenging global economy this year Findings from PwC’s New Zealand CEO Survey, released today, show New Zealand CEOs are less positive about the outlook for the global economy than they were last year, but remain optimistic about their own business growth. The report shows only 23 per cent believe the global economy will improve this year which compares to last year’s more confident 47 per cent. More than half of New Zealand CEOs believe the global economy will stay about the same this year. Despite the more challenging outlook for the global economy, 40 per cent of New Zealand respondents are very confident about their company’s growth prospects in the coming year and an additional 51 per cent are somewhat confident. PwC New Zealand Chief Executive Officer Bruce Hassall says that the outlook for New Zealand may prove to be more resilient than many currently believe. “Given the wide-ranging uncertainties CEOs are facing – cyber security, over-regulation, geopolitical stability – it’s easy to see why they’re divided about whether there are more threats or opportunities today. But it’s not all doom and gloom. Kiwi organisations are remaining optimistic about their own...

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Confidence among CEOs at lowest level since 2012

Press Release – PwC MANILA, The Philippines, 16 Nov 2015 Asia Pacific CEOs believe prospects for business growth over the next 12 months are dimming fast. Ahead of the annual Asia-Pacific Economic Cooperation (APEC) Leaders Meeting November 18-19, business leaders have …Confidence among Asia Pacific CEOs at lowest level since 2012 • Financial market volatility dents business leaders’ confidence • But majority of CEOs plan to increase investments in the APEC region • CEOs see new wave of IT spending to modernise business operations and manufacturing • Concerns about cyber security top CEOs’ list of worries MANILA, The Philippines, 16 Nov 2015 – Asia Pacific CEOs believe prospects for business growth over the next 12 months are dimming fast. Ahead of the annual Asia-Pacific Economic Cooperation (APEC) Leaders Meeting November 18-19, business leaders have a number of concerns, according to PwC’s fifth annual APEC CEO Survey. Volatility in the financial markets this summer took a toll on CEO confidence with just 28% of business leaders are now ‘very confident’ their organisation will see revenue growth over the next 12 months. That’s down from 46% a year ago, and it is the lowest level since PwC started tracking 12-month confidence for Asia Pacific CEOs in 2012. Yet concerns are not just economic. Cyber security, exposure to natural disaster risks and regional geopolitical tensions are among the leading threats to business...

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APEC CEOs look to non-core, partnerships & digital analytics

Press Release – PwC 9 November 2014 Confidence among CEOs in Asia Pacific continues to climb while businesses look to grow connectivity to the region by embracing new partnerships and technology, a new report by PwC finds.APEC CEOs look to non-core, partnerships & digital analytics for growth – PwC survey 9 November 2014 – Confidence among CEOs in Asia Pacific continues to climb while businesses look to grow connectivity to the region by embracing new partnerships and technology, a new report by PwC finds. Almost half (46%) of executives surveyed now say they are “very confident” of revenue growth in the next 12 months, up 10 points from 2012, despite slowing growth in China, the economic engine for the region. PwC’s study, New Vision for Asia Pacific: Connectivity creating new platforms for growth, surveyed more than 600 business leaders about prospects for business in the region. It has been released at an economic leaders’ forum of the Asia Pacific Economic Cooperation (APEC) in Beijing (survey attached). The survey found that 67% of executives plan to increase investment in the APEC region over the next 12 months. In a sign of growth to come, PwC has estimated that the private sector plans to spend $NZD 72 billion over the next three to five years on new capital projects in the APEC region. Almost sixty percent (57%) of respondents plan to...

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APEC CEOs look to non-core, partnerships & digital analytics

Press Release – PwC 9 November 2014 Confidence among CEOs in Asia Pacific continues to climb while businesses look to grow connectivity to the region by embracing new partnerships and technology, a new report by PwC finds.APEC CEOs look to non-core, partnerships & digital analytics for growth – PwC survey 9 November 2014 – Confidence among CEOs in Asia Pacific continues to climb while businesses look to grow connectivity to the region by embracing new partnerships and technology, a new report by PwC finds. Almost half (46%) of executives surveyed now say they are “very confident” of revenue growth in the next 12 months, up 10 points from 2012, despite slowing growth in China, the economic engine for the region. PwC’s study, New Vision for Asia Pacific: Connectivity creating new platforms for growth, surveyed more than 600 business leaders about prospects for business in the region. It has been released at an economic leaders’ forum of the Asia Pacific Economic Cooperation (APEC) in Beijing (survey attached). The survey found that 67% of executives plan to increase investment in the APEC region over the next 12 months. In a sign of growth to come, PwC has estimated that the private sector plans to spend $NZD 72 billion over the next three to five years on new capital projects in the APEC region. Almost sixty percent (57%) of respondents plan to...

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Worldwide economic prospects take toll on Asia Pacific

Press Release – PwC 6 September 2012 News Release Worldwide economic prospects take toll on Asia Pacific outlook, yet APEC economies projected to nearly double during the next decade Economic disruption, including possible recession in the United States, the Eurozone crisis …6 September 2012 News Release Worldwide economic prospects take toll on Asia Pacific outlook, yet APEC economies projected to nearly double during the next decade Economic disruption, including possible recession in the United States, the Eurozone crisis and the slowing of expansion in China have taken a toll on the confidence of CEOs in the Asia-Pacific region, according to PwC’s 2012 APEC CEO Survey. Just 36% of executives surveyed by PwC said they are “very confident” of business growth over the next 12 months. Longer term, however, prospects improve, with more than half (54%) expressing a high level of confidence for the next three to five years. PwC New Zealand’s Chief Executive Bruce Hassall is not surprised by the results and says the confidence gap underlines the challenges for businesses operating today, verses the promise of growth tomorrow in the Asia-Pacific. “Businesses have become battle hardy after navigating their way through the protracted GFC, and while there is still some lingering wariness, CEOs know they’ve learnt how to manage through difficult economic conditions and diversify their operations. The work has been done and CEOs are now focused on...

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