UPDATE ON NEXIA ASIA PACIFIC Presented by: Henry SK Tan Board Member & Asia Pacific Regional Chairman, Nexia International Managing Director, Nexia TS.

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Presentation transcript:

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

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 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 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 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 Website:

Thank You