ASOCIO Chairman Mid-Year Message
“Global economic growth is forecast to ease to a weaker-than-expected 2.6% in 2019 before inching up to 2.7% in 2020. Growth in emerging market and developing economies is expected to stabilize next year as some countries move past periods of financial strain, but economic momentum remains weak.” Source Worldbank.org 4th June
The first six months in 2019 have been exciting but with uncertain outlook in the face of the continuing trade war between US and China.
It is also ASOCIO 35th year since inception in 1984 and looking back the federation has certainly achieved many milestones. This is in no small part that the member economies have contributed to the success of the federation including our ASOCIO veterans. Our gratitude and appreciations to all of these member economies and individuals. Pakistan has also resumed their Membership after being away for a few years. Welcome back.
Various council positions have also been nominated including Mr. John Choi from FKII, Korea as Deputy Chairman, and 2 Co-Opt Vice Chairman – Dr Kithsri Manchanayakke FITiS, Sri Lanka, and Mr.Ron Gauci from AIIA, Australia.
Since January, ASOCIO has also been busy with two major events hosted successfully. An MTV in Myanmar in March and a mid year Plenary meeting in Singapore. The highlight has been the MOU signing with the Victoria State of Australia on a friendly collaboration for mutual benefits and aligned objectives. We look look forward to more of such an alliances and collaborations. Another important milestone is the recently pass motion to the formation of a Policy Task Force to drive strategies and policies impacting the region and the industry. This will provide greater value to all our member economies be it emerging or matured tech industry.
Over the next six months two upcoming ASOCIO signature events include the Smart City Summit in Bangkok on 28-29 August and the Digital Summit In Kuala Lumpur 14-19 November. It will be a busy six months for the federation.
We look forward to engaging with all our member economies on common objectives to increase the ICT enablement and digital adoptions strategically in the region. Areas of focus can include strategy, trade, best practice, policy, talent, and emerging technology. It is imperative that the engagements be of two ways between our member economies and ASOCIO.
As we have six months in the runway to the end of the calendar year, albeit with the pessimistic outlook of World Bank. I hope the regional and global economic landscape will improve with greater confidence from the business communities and the risk impact of the trade war between US and China can be mitigated. Barring all these external forces, I am still very excited on the next 18 months upcoming activities of the federation.
David Wong Nan Fay