CEOs to raise Asia investment

Chief executive officers in the Asia-Pacific area plan to increase investment in the region because of growing confidence in the economy, global consultancy firm PricewaterhouseCoopers Co Ltd said in a report.

Of nearly 500 CEOs surveyed, 42 percent said that they expect revenue to grow over the next year, compared with 36 percent last year.

PwC said that 68 percent of the respondents plan to increase investment in the Asia-Pacific region over the next year, citing continued urbanization, growing infrastructure construction and rising incomes.