UPDATE ON NEXIA ASIA PACIFIC Presented by: Henry SK Tan Board Member & Asia Pacific Regional...
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UPDATE ON NEXIA ASIA PACIFIC Presented by: Henry SK Tan Board Member & Asia Pacific Regional Chairman, Nexia International Managing Director, Nexia TS Public Accounting Corporation, Singapore
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Transcript of UPDATE ON NEXIA ASIA PACIFIC Presented by: Henry SK Tan Board Member & Asia Pacific Regional...
UPDATE ON NEXIA ASIA PACIFIC
Presented by: Henry SK TanBoard Member & Asia Pacific Regional Chairman,
Nexia InternationalManaging Director, Nexia TS Public Accounting
Corporation, Singapore
REGIONAL REPORT FOR NEXIA ASIA PACIFIC– MAY 2010
ASIA PACIFIC ECONOMY
Asia Pacific is recovering rapidly but faces challenges; IMF forecast 5 ¾ % growth in 2010 far higher than G7 economies. Given the export focus of Asia economy, weak global demand would significantly affect its economies. However, for the next decade Asia could well be a bright star in Asia.
China remains a star in Asia with 8.7% growth in 2009 with 2010 forecast at 9.6%. The prospect of India is a 7.5% growth to FY March 2010.
Japan will continue to show moderate growth but it is not totally out of the woods. Deflation continues to be a critical concern.
Korean 4th quarter 2009 numbers was strong. Bank of Korea forecast 4.6% growth in 2010.
Singapore is forecasted to grow 7 – 9% in 2010.
REGIONAL REPORT FOR NEXIA ASIA PACIFIC– MAY 2010
CONFERENCE
The Inaugural Asia Pacific Young Leaders Conference “APYLC” in Beijing was a success and this year Regional conference is in Mauritius is scheduled as follows:
APYLC: 19th to 20th May 2010 APC: 20th to 23rd May 2010
REGIONAL REPORT FOR NEXIA ASIA PACIFIC– MAY 2010 MAURITIUS
COMMITTEES ACTIVITIES
Marketing & Communication (Ian Stone): A Nexia Asia Pacific newsletter will be published.
Quality (Jojo Alviedo): QCR has been progressively well.
REGIONAL REPORT FOR NEXIA ASIA PACIFIC– MAY 2010 MAURITIUS
Young Leaders Program (Michael Bannon): The Inaugural Asia Pacific Young Leaders Conference went well as reported above. 14 young partners/managers expected for Mauritius APYLC in 2010.
Joint Tender
Asia Pacific member together with Middle East & Africa make a joint tender to Standard Chartered Bank for special hotel service audit. Client agreed to work on Middle East & Africa first. This is a credit to our network.
For any matters on Asia Pacific, you can contact me
at, I will do my best to connect you to the right
person:
Henry Tan
Email: [email protected]
Website: www.nexiats.com.sg
Thank You
