KUALA LUMPUR, 3 March 2011 – PwC Malaysia today hosted a dialogue around the key findings of its 14th Annual Global CEO Survey. Themed ‘What future are you preparing for?’ the dialogue was moderated by PwC Malaysia Partner, Sridharan Nair. The two panellists for the dialogue were Minister in the Prime Minister’s Department and PEMANDU CEO, YB Senator Dato’ Sri Idris Jala and President of GE ASEAN, Stuart Dean.
The Survey, conducted in 69 countries around the world, highlighted some major trends surrounding issues such as growth, innovation, talent, and a shared agenda with government on priorities. The key findings include:
PwC Malaysia Managing Director Chin Kwai Fatt, who presented the findings at the start of the dialogue, said, “Confidence is back, almost to pre-crisis levels. CEOs globally generally see renewed opportunities for growth, especially in the emerging countries which are growing faster than the developed nations. But realising growth aspirations won’t be easy – it demands different approaches and attitudes in areas such as facilities, people and innovation.”
Some of the global findings are reflective of what our own government has already anticipated and devised action plans for. These include the need to develop talent, the role of innovation in meeting consumer needs and the importance of a shared public and private agenda to drive economic growth.
Chin said that, “Hiring plans are the most upbeat across emerging Asia and Brazil. 85% of CEOs surveyed across ASEAN say they plan to hire new employees this year. For Malaysia, this means that we will be facing even fiercer competition from our neighbours for the same limited pool of talent. This is an example of an area in which both business and the public sector can collaborate.”
“There are great opportunities for Malaysian companies which can take advantage of the changes ahead, and creatively search for and provide value," he added. A total of 11 Malaysian CEOs across a variety of industries were interviewed for this Survey.
You can download the full report on www.pwc.com/ceosurvey.
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