Business confidence high in APEC region

Regional economic integration within the Asia-Pacific Economic Cooperation region is becoming more cohesive and revenue growth within the region is poised for a strong rebound despite an uncertain trade and foreign investment environment, a new survey said.

According to the survey released by global consultancy firm PwC on Wednesday, about 37 percent of the 1,412 chief executive officers doing business in the APEC region are "very confident" of earning more revenue in the next 12 months, up by 9 percentage points from a year earlier.

As most of them believe that the region's economic growth will continue to outpace the global rate, 63 percent are keen to expand their global business during the next three years, said the PwC's annual APEC CEO Survey, which was released at the APEC CEO Summit in the coastal city of Da Nang in Vietnam.