Global economy under crisis

John Smithson, Golden Funds Ltd.

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Agenda

• Welcome and Introductions

• Crisis as an opportunity

• Global economy

• World Bank

• East Asia Economy

• Our Strategy

• Discussion: How to be More Effective Together

Crisis as an opportunity

Crisis as opportunity to address long-term

challenges• Economic

diversification through a more competitive business

• Environment• Job creation• Tackling inequality• Ensuring fiscal

sustainability. Double threat of declining

• revenues from commodity exports and SACU revenues may not last

Global economy from boom to bustUnited States has been in recession

since December 2007 Deepest global recession since WWII.

Japan’s GDP dropped an unprecedented 13.7% in Q42008

Germany’s GDP fell by 8% in Q42008.South Africa’s exports contracted 16%

In JanuaryChina’s exports fell 25% in Feb 2009Brazil’s GDP contracted 3.6% in the

fourth quarter

World Bank calls for aid boost

The World Bank President called on donors to boost financial aid to developing nations which find themselves at the mercy of a crisis that “is not of their making”

Empowering developing and emerging countries and economies is imperative

Helping nations pursue economic development and long-term prosperity should be the goal of development finance.

Commodities market

Oil - $56.45 vs. recent high of $147.96

Gold has been rather steady, around $850.

Wheat fell back to $5 after visiting $18 in just less than 6 months!

Alternative energy resource such as corn has lost its value

East Asia Economy

Saving our customers

East Asian Economies

• Underlying regional political seem to strengthen the East Asian economies in the next phase of global economic recovery.

• The US has signed Treaty of Amity recently, paying the way for possible US’s participation at East Asia Summit (EAS).

• Except North Korea, all countries in the region are committed toprosperous and stable East Asia

Thailand & Vietnam

• Notwithstanding of still unresolved political impasse, Thailand being at the hub of Greater Mekong sub-region, has strong economic fundamental and momentum to move forward.

• •Vietnam under its able and dynamic Prime Minister Nguyễn Tấn Dũng will bring Vietnam to the next lap of strong economic growth.

Our Strategy: Two Prong Approach• Support Existing

Economic Development Efforts & Organizations• Marketing

• Lead Execution

• Convene/Collaborate

• Proactively Promote NEO to Enhance Current Efforts• Leverage Efforts

• Enhance Promotion

• Extend US Targets Globally

Build the “Business Case” for the customer

Lead Execution Support

• Prominent Site Selection Consultants• Larger projects, set the region’s

reputation

• High opportunity industries• Bio-medical (devices), Advanced

Energy

• Minority Owned Businesses• Teaming with NOMSDC, HBA

• Strong emphasis on in-region referrals

• Emerging: Proactive International Attraction

As hard as it is to admit, your belief could be

one of the main reasons why you’re not

earning your dream income.