Corporate sentiment in S-EA hits 2-year high

CONFIDENCE among South-east Asian companies recovered to a two-year high in October, and decision makers are turning their focus towards growth and investments, according to a survey by Ernst and Young.

Singapore companies, in particular, are among the region's most eager to acquire, according to the half-yearly survey that received responses from 1,600 senior executives around the world.

Of the 127 respondents from South-east Asia, 60 per cent saw an improving global economy in October compared to 18 per cent who saw a declining economy. Six months ago, only 49 per cent predicted global improvement versus 14 per cent that saw a decline.