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1. Economic and Industry Outlook
1.1 Asia-Pacific Economic Outlook
Asia Pacific region growth in 2005 is comparatively slower than 2004 but still robust. The average real GDP growth for the Asia-Pacific (AP) economies in 2004 was 5.4% (2003: 3.7%). In 2006, it is expected that the GDP growth for the AP region will be around 4.6% , translating into good news for ACCS whose operations spans across the AP region.
There are several considerable regional risks:
i) Surging oil prices can impact oil dependent Asian economies, resulting in inflation, e.g. China and India, or worse, a recession if hike persist .
ii) The political tensions lurking between and within countries, e.g. Beijing & Taiwan standoff and Bangkok's election demonstrations. Such tensions generally dampen the investment climate.
iii) The possibility of another avian influenza outbreak.
1.2 Telecommunication Industry Outlook
The telecommunication industry in both developed and emerging markets is growing as......

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Approximate Word Count: 3345
Approximate Pages: 14 (250 words per double-spaced page)

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