Asia Pacific set to lead global investment in transport sector

by Steve Randall07 Jul 2016
Asia Pacific set to lead global investment in transport sector
Asia Pacific offers the best investment opportunity in the transport sector over the next five years according to a survey by Norton Rose Fulbright.
Almost half (48 per cent) of respondents said that Asia Pacific is the key region for investment with China and India leading the way. Aviation and rail are expected to see the strongest investment while shipping industries are less optimistic.
The biggest threat to transport sector investment is a global recession according to 52 per cent of respondents and environmental regulation is also expected to create challenges; however, passenger numbers and routes are expected to grow over the next five years.
Clifford Chance highlights growth in Asia Pacific
The latest global law firm to announce its annual revenues says that Asia Pacific was its second-strongest region for growth. Clifford Chance saw global revenue rise 3 per cent with the Americas leading the way with 13 per cent and Asia Pacific growing 9 per cent. Profits and PEP both rose 10 per cent.
PwC increases partners in Australian legal business
PwC Australia has announced 72 new partners with a third being added to its tax and legal teams. It is the largest ever intake for the firm which says that it represents the “long-term prosperity and potential” of the region.
The firm says that it continues to reach its targets for new partners with at least 40 per cent women and at least 20 per cent from diverse cultural backgrounds.
PwC has also appointed new managing partners in Adelaide, Melbourne and Brisbane to add to those already in place in Sydney, Perth and Canberra.
Ashurst partner hire enhances corporate team in Tokyo
Tracy Whiriskey has joined Ashurst in Tokyo from Clifford Chance. She joins the firm’s global corporate team with a practice focusing on M&A. She has been in Tokyo for 10 years and speaks fluent Japanese. Prior to her time at Clifford Chance she was with Allens Linklaters and was also seconded to Japanese firm Nagashima, Ohno & Tsunematsu.