April 2006
Asia / Pacific Region
Letter from the Chair

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More than half of the world's population lives in the Asia Pacific region. Not only that, Asia Pacific continues to be the worlds fastest growing region.

In short, the world is converging on the region and AGN is well placed to assist in this process. Your clients will no doubt already know the first two points I make.

As the newly elected Chairman of the APAC region, my first priority was to assess what resources and skills AGN possesses in the region.

Disseminating the results to all AGN members (and the general public) is the major focus for the next few months. The news, I am pleased to say, is that there are considerable resources and know how on hand.

However, our work here is far from done. Getting the message across, and possibly taking the mystique out of doing business in certain Asia Pacific countries is our biggest challenge.

There has been considerable momentum for AGN in the APAC region in the last four months. The various committees have recently met and have set their course of action for the 2006 calendar year. The Directors of the APAC region have also met and I am pleased to say that we are committed to show-casing the skills and our collective know how.

Taking a leaf out of our North American and European compatriots' playbook, we will be stepping up the intensity.

Opening up the region by illuminating how business can get part of the action,
without undue risk is our first project. We already have many success stories
under our belt involving helping European and US
(and several Australian businesses) successfully do business in China.

We will be exploring utilising internet facilities to make it easier to get basic information about a country. One of the ideas we are working on is developing a "Top 5 Tips" — for some of the countries traditionally regarded as tricky, including China.

We recognize that doing business in China is a moving feast so publishing a definitive guide is not feasible. Really, China is more a vast conglomerate of multiple regions, so we will be accommodating this. We will be able to keep members and clients up to speed with the subtleties and nuances of successfully starting a business and succeeding in China, wherever they decide, but more importantly be able to provide sensible commercial assistance.

We realise there are also significant opportunities in Cambodia and Vietnam. Whilst some of us have clients already there, we do not currently have an AGN member. That will be another focus to remedy this.

The tax landscape continues to improve in a number of countries, making it easier and easier for foreign businesses, most notably (as it has had some catching up) Australia has become truly competitive (especially for non residents) to base their Asian business headquarters from.

In short, we recognize the importance of the region to AGN and we are marching forward on building a compelling brand for AGN in this region and indeed
throughout the world.

We look forward to working with all of you and explaining the specifics of the good work. I would very much appreciate hearing from any of you with your thoughts on this process.

David Kenney
Hall Chadwick
Sydney, Australia

dkenney@hallchadwick.com.au

 

 


Ramon F. Garcia & Co. marks 25 years

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Ramon F. Garcia & Company, Certified Public Accountants (RFG & Co), one of the Phillipines' most trusted names in the industry, marked its Silver Anniversary with a grand celebration and thanksgiving at the New World
Renaissance Hotel in Makati City in March 2006.

A small company at the outset, RFG & Co. has grown from offering dedicated accounting services to providing one of the most complete professional business consultancies in the Philippines.

"Our business is a business of trust. We would not have reached our 25th year without the trust and confidence of our clients, the dedication of highly competent staff, and of course, without the guidance from the Lord," said RFG & Co. founder and managing partner Ramon F. Garcia.

RFG & Co. started humbly as a solo venture in 1981 when Garcia left his employer to pursue a lifetime dream of having his own accounting and auditing firm. In 1982, he partnered with his former colleagues to form Garcia, De Castro and Company. The company name later changed to Ramon F. Garcia & Co.

Despite the political turmoil that marked the '80s, which started with the assassination of former Senator Benigno Aquino Jr. to the People Power Revolution, the firm continued to grow, building its workforce by recruiting
topnotch students from different accounting schools.

Aside from expanding its portfolio of clients and services, RFG & Co. also focused on the development of its employees for much of the decade, offering constant workshops and seminars to improve their skills and learn new ones. In 1995, RFG & Co. became a member firm of CS International. Three years later, it became a member firm of the prestigious TAG International, which merged with AGN International, Ltd. in 2002.

Because of its stature and strong reputation among clients, RFG & Co. was readily accepted as a member in 2002 in the prestigious AGN International, Ltd. Ramon F. Garcia currently sits as a Board Member in the Asia Pacific Region of AGN International.

AGN International congratulates this member firm on its outstanding growth and achievement at this silver milestone!

 


Member News

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CHINA
AGN International expands in China

GNS China, a consultancy based in Beijing, with plans to open other offices within the country, is a new addition to AGN. The company has three directors and 15 further staff and consultants to provide services not only inward investors but also local Chinese companies. It specialises in project management of various investments including capital raising, public listing, mergers and acquisitions, etc.

Nicholas Blake, CEO of AGN comments "by appointing GNS China as a member, AGN has further expanded its service coverage within the most important growing market in the world. The capabilities offered by GNS perfectly complement the services already provided by AGN members within China, with the added advantage of being able to provide additional advice and resources for Chinese companies wishing to invest abroad".

 

 

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