AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
FOREIGN INVESTORS RAISE GROWTH ESTIMATES FOR S. KOREAN ECONOMY.
SEOUL, Jan 2 Asia Pulse - A slew of foreign investors are scurrying to raise their 2006 growth estimates for the South Korean economy, citing stronger than expected overseas demand and unlikely aggressive rate hikes, a state-run think tank said Monday.
Lehman Brothers, JP Morgan Chase & Co., and seven other foreign investors have given an average growth projection for Asia's fourth-largest economy of 4.7 per cent this year, up from the average 4.3 per cent projected in October, according to the Korea Center for International Finance (KCIF).
Their average growth projections are roughly in line with the 5 per cent growth rate expected by the South Korean government.
By investor, Lehman Brothers and Goldman Sachs estimated the economy to grow 6 per cent and 5.3 per cent, respectively, this year, while Merrill Lynch and Citigroup Inc. put their growth estimates at 5.1 per cent and 5 per cent.
Deutsche Bank and Morgan Stanley expect growth of 4.7 per cent and 4.4 per cent for the economy, respectively, while UBS projected a 3.9 per cent rise and ABN Amro a 3.6 per cent gain.
Exports, which account for about half of the economy, will likely continue to remain robust, supporting economic growth, and stable inflation is likely to discourage speedy rate hikes by the Bank of Korea, the country's central bank.
The foreign investors also said that private spending, which has remained in the doldrums over the past two years, will pick up down the road.
- Tehran opens door to foreign investors: planned changes include increasing...
- Magazine article from: MEED Middle East Economic Digest Hadfield, Will February 20, 2009 700+ words
...requirement for foreign investors to hold shares...than a 10 per cent stake in any...20-25 per cent," says Karim...the SEO. Foreign investors will still...that a 21 per cent stake would be sold to foreign investors within the...
- Major Kazakh bank to sell 63 per cent of shares to foreign investors.
- Newspaper article from: BBC Monitoring International Reports March 5, 2002 700+ words
A total of 63 per cent of shares in the Temirbank...company will be sold to foreign investors, Temirbank's chairman...deal to sell 63 per cent of shares to foreign investors, the shares of the...which now owns 85 per cent of shares, will decrease...
- The Cabinet will allow foreign investors to hold 49 per cent in telecom...
- News wire article from: Asia Africa Intelligence Wire May 15, 2002 700+ words
...the new telecommunications law that allows foreign investors to hold up to 49 per cent in telecom companies, a report in Krungthep...telecom projects or companies from 25 per cent to 49 per cent to make the law compatible with other business...
- U.A.E.: New law will allow foreign investors to own up to 70 per cent of...
- News wire article from: Asia Africa Intelligence Wire September 28, 2004 700+ words
(From The Emirates) Foreign investors will be allowed to own up to 70 per cent in investments in UAE companies...foreigners to own up to 70 per cent is currently being discussed...foreigners will increase to 70 per cent. In free zones it will go...
- Iran gives 80 per cent of refinery to foreign investors - provincial TV.
- Newspaper article from: BBC Monitoring International Reports November 1, 2008 700+ words
...the Majlis], the private sector will contribute to 80 per cent of the building of a refinery in Khuzestan. The contractor...priority for the building of the refinery would be given to foreign investors because they bring foreign currency to the country, and added...
- Uzbek coal giant offers 35 per cent of shares to foreign investors.
- Newspaper article from: BBC Monitoring International Reports October 2, 2006 700+ words
...State Property Committee (SPC) announced a tender on selling 35.55 per cent of shares of the Uzbekugol [Uzbek coal] open joint-stock company to foreign investors, a source at the SPC has told the Interfax news agency. The source at the...
- Cairo targets foreign investors: Finance Minister predicts 9 per cent economic...
- Magazine article from: MEED Middle East Economic Digest September 7, 2007 700+ words
...achieve an economic growth rate of 9 per cent, helped by rising levels of investment...families. The economy grew by 7.1 per cent in real terms in 2006, and the current account surplus rose by 53 per cent to E 2,600 million [pounds sterling...
- Argentina plays chicken with foreign investors; Feb. 25 is the deadline for...
- Newspaper article from: The Christian Science Monitor February 9, 2005 700+ words
...who have scoffed at the government's offer of 30 cents on the dollar. The 70-cent "haircut" that Argentina is asking creditors to...independent economist here. "You have paid back 30 cents on the dollar. It has been accepted because you...
- Thailand: SET dives on May 22 as foreign investors bail out.
- News wire article from: Thai Press Reports May 25, 2006 700+ words
...slumped almost 3 per cent on the continuing sell-off by foreign investors across Asian stock markets...accounts for 30-40 per cent now, from 20 per cent in the past," she...City Securities said foreign investors had mitigated their...
- Foreign investors step back activity.
- News wire article from: Asia Africa Intelligence Wire August 26, 2002 700+ words
...almost 90 per cent of foreign investors' transactions...regulations, foreign investors can hold a maximum of 20 per cent of a listed company...amount to 30 per cent. These are businesses...sell shares to foreign investors upon equitisation...
Source: HighBeam Research, FOREIGN INVESTORS RAISE GROWTH ESTIMATES FOR S. KOREAN ECONOMY.