Reuters News Asia Corporate Survey

Reuters News Asia Corporate Survey

Reuters News, the world’s largest international news agency, polled 100 executives in 11 Asia-Pacific countries across a range of sectors including autos, financials, resources, technology, food and retail. The poll was conducted between March 4 - 14, 2011 and of the 64 companies that replied, more than 56% were positive about the six-month business outlook, some 35% were neutral. Only respondent was negative and one was very positive.

• Reuters News Q1 Asia Corporate Sentiment Index rises to 80 from 77 in Q4, the highest score since the Asia Corporate Survey began in Q2 2009.
• Global economic uncertainty was viewed as the biggest risk to the business outlook, followed by rising costs and oil prices.
• Of 10 Mainland Chinese or PRC companies polled, 8 respondents were ‘positive’ about the six-month outlook, one was ‘very positive’ and one was ‘neutral’- maintaining an upbeat stance seen in Q4, 2010.
• India remains one of the most upbeat country in Asia, with all 7 firms in the poll positive or very positive about the six-month outlook. About half of the firms said rising costs were the biggest risk to the outlook.
• Sentiment in Australia remains cautious, with 5 out of 7 companies neutral and two positive or very positive. The majority of firms cited global economic uncertainty as the main risk.
• “The market is ripe. Asian economies are strong and there is demand for homes, malls, serviced apartments and residences,” said Basskaran Nair, spokesman at CapitaLand, Southeast Asia’s biggest developer.
Please refer to the full Reuters News Asia Corporate Survey report: http://r.reuters.com/mer58r for more information.

© Scoop Media