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Asian firms’ growth story strong: AMEX Survey

Asian firms’ growth story strong: AMEX Survey
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First Published: Sun, Jun 15 2008. 05 45 PM IST
Updated: Sun, Jun 15 2008. 05 45 PM IST
PTI
Mumbai: Unperturbed by the global financial turmoils, Asian and Australian companies see a higher growth in the coming months and plans to declare more dividends than their global counterparts, a survey said.
“Companies in this region expect their primary industry to grow and revenues to increase over the next 12 months...They are significantly more likely to return profits to shareholders through dividends or share buybacks than their global counterparts,” financial services major, American Express, said in its survey.
Besides, Asian companies would invest more to increase their market reach while many of them have changed their investment priorities in view of the uncertain global markets, it said.
Inflationary pressures, high interest rates and fluctuating exchange rates continue to be ‘urgent concerns´ for the domestic companies apart from the rising cost of capital and unfamiliar political systems, the survey said.
“In India as elsewhere, rising energy costs are an urgent concern. While companies plans to be conservative in their spending,they are also looking at to enhance investments in growth areas,” American Express Commercial Card’s Head, Firdaus Mogul said.
Also, stringent regulatory regimes and government policies have posed big threats to the domestic companies who want to go global, it said.
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First Published: Sun, Jun 15 2008. 05 45 PM IST