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Asian firms' growth story strong: AMEX Survey

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Press Trust of India Mumbai
Last Updated : Jan 20 2013 | 9:23 PM IST

"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 here.        

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.        

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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: Jun 15 2008 | 3:27 PM IST

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