Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


NZ investors directed to high growth countries

News release

NZ investors directed to high growth countries – Indonesia rated No. 1

22 November 2012

New Zealand investors should consider focusing on “high growth” countries such as Indonesia, Myanmar and Malaysia rather than concentrating on markets such as India and China, according to Grant Thornton's 2012 Global Private Equity Report.

The report, based on 143 in-depth interviews held with senior private equity practitioners around the globe, outlines a backdrop of deteriorating sentiment around the global economy.

Russell Moore, Transaction Advisory Services Partner, for Grant Thornton New Zealand Ltd, said that the report highlighted a realisation that the speed of growth in booming markets such as India and China has slowed noticeably and they were not immune from the impacts of the global downturn.

“While the sentiment is negative, it is not necessarily all gloom and doom. Western Europe is expected to remain subdued with only 27% of respondents predicting an increase in investment activity over the next 12 months. This contrasts with North America, where 59% of respondents predict an increase and the Middle East and North Africa where 60% expect an increase,” he said.

Growing economic powerhouse Indonesia, with a population approaching 250 million, is rated No. 1 amongst the high growth markets for private equity investment in the survey.

“New Zealand investors should look closely at the survey’s top 10 ranked countries - Indonesia, Peru, Colombia, Turkey, Myanmar, Egypt, Saudi Arabia, Mexico, Ghana and Malaysia.

“You only need to look at the visit this week of Prime Minister John Key and President Obama to Myanmar to understand why it might be on this list. Located at the eastern edge of India, south of China and west of Thailand and rich in minerals, it is slowly emerging from 50 years of military rule. New Zealand already has a presence in this country with Fonterra and Beca leading the way.

“Turkey, Egypt, Saudi Arabia, Mexico and Malaysia are all countries that are well understood by New Zealand investors and while a move to such unknown territories may be a risk too far for many, there are private equity funds that are active in these regions.

“For investors looking at these regions, they should look for private equity firms with a successful track record, a coherent strategy and a quality team that can deliver that strategy,” he said.

- ends –

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

BusinessDesk: SkyCity Lifts Minimum Convention Centre Investment To $430M

SkyCity Entertainment Group, the casino operator, has lifted the minimum it will invest in the Auckland International Convention Centre to $430 million and said total costs including land may be $450 million to $470 million. More>>

Statistics: Drop In Dairy Prices Leads Fall In Exports

Total goods exports fell $240 million (5.5 percent) to $4.2 billion in April 2015 compared with April 2014, Statistics New Zealand said today. More>>

BusinessDesk: APN's NZME Sees Future In Paywalls, Growth In Digital Sales

APN News & Media has touted a single newsroom concept for its NZME unit in New Zealand, similar to what Germany's Die Welt uses, saying an 'integrated sales proposition' is helping it win market share, including ... More>>

Labour Party: Global Milk Prices Now Lowest In 6 Years

The latest fall in the global dairy price has brought it to the lowest level in six years and shows there must be meaningful action in tomorrow’s Budget to diversify the economy, says Labour’s Finance spokesperson Grant Robertson. “Dairy prices ... More>>

BusinessDesk: NZ Inflation Expectations Creep Higher In June Survey

May 19 (BusinessDesk) - New Zealand businesses lifted their expectations for inflation over the next two years, sapping any immediate pressure on the Reserve Bank to cut interest rates, and prompting the kiwi dollar to jump higher. More>>

BusinessDesk: Lower Fuel Costs Drive Down NZ Producer Input, Output Prices

May 19 - Producer input and output prices fell in the first quarter, mainly reflecting lower fuel costs and weakness in prices of meat and dairy products. More>>


Media: Fairfax Media NZ Announces Senior Editorial Team

Fairfax Media New Zealand has today confirmed its new editorial leadership team, as part of a transformation of its newsrooms aimed at enhancing local and national journalism across digital and print. More>>

Science: Flavonoids Reduce Cold And Cough Risk

Flavonoids reduce cold and cough risk Research from the University of Auckland shows eating flavonoids – found in green tea, apples, blueberries, cocoa, red wine and onions – can significantly reduce the risk of catching colds and coughs. The research, ... More>>

BusinessDesk: RBNZ House Alert Speech The Catalyst For Government Action

Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for concerted action on rampant Auckland house prices was one of the main catalysts for the government's weekend announcements about tightly ... More>>

BusinessDesk: How To Fall Foul Of The New Housing Tax Rules: Tips From IRD

Just because you rented out your investment property doesn't absolve you from paying tax, says the Inland Revenue Department in a summary of commonly made mistakes by non-professional property investors when it comes to their tax liability.More>>

Legal: Superdiversity Law, Policy And Business Stocktake Announced

Mai Chen, Managing Partner at Chen Palmer New Zealand Public and Employment Law Specialists and Adjunct Professor of Law at the University of Auckland, today announced the establishment ... More>>

Housing: More House Price Gains Expected

House price expectations remain high, with a net 56% of respondents expecting house prices will increase. Fears of higher interest rates are fading, consistent with the RBNZ’s signals this year. Affordability and a lack of houses for ... More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news