On June 12 to 13, 2023, TGS AU Partners participated in the TGS Asia Pacific conference program led by TGS Global President, Marc Desjardins and Andrew Menzies, MBA as Vice President of International Development held in Bangkok.

Mikail Jaman, Ak., M.Ak., CA., CPA., CPI as managing partner of TGS AU Partners as well as the leader of TGS Asia Pacific was also present to represent Indonesia at the conference. The TGS Asia Pacific conference was attended by leaders of TGS firms from various regions in the Asia Pacific, including Indonesia, Singapore, China, Australia, Philippines, Taiwan, India, Malaysia, Hong Kong, and Qatar.

TGS Asia Pacific Conference discusses optimizing the company's business growth strategy, increasing company profits, leadership, team performance, and cooperative relationships between TGS firms.

Why does TGS Need to Have a Strong Presence in Asia Pacific?

Based on the research obtained, currently, 60% of the world's population is spread in the Asia Pacific region, which by 2040 more than 40% of the world's GDP is in Asia Pacific, and Asia Pacific has contributed 70% of global economic growth in 2022. Asia Pacific region is believed to be a strong economic driver, such as in China, India, and Southeast Asia with driving sectors in technology, manufacturing, consumers, services, and infrastructure development. With this rapid economic growth, of course, it requires support services from accounting firms or offices.

Opportunities and Issues Faced

The development and expansion of the business network are certainly inseparable from the problems and opportunities that will be faced. The opportunity to develop TGS Asia Pacific is motivated by increasing capital market activity, where the top 5 (five) IPOs in 2022 are in the Asia Pacific and the high capital market activity in Southeast Asia has increased to 7% of 4% of global fundraising, and the rapid emergence of technological innovation (AI) which makes the implementation of activities automated.

The increase in Environmental Social Governance (ESG) activities or sustainability and green financing is one of the backgrounds for the development of TGS Asia Pacific business network. In addition to opportunities, there are often problems that will be faced, such as the increasing number of cases of cybersecurity problems.

TGS Asia Pacific wants to achieve significant growth in:

  • Market visibility

  • TGS firm revenue

  • Client referrals between TGS APAC members

  • Business cooperation between members

  • Cross-border fundraising, ESG, sustainability, and cybersecurity advisory and consulting services

Mikail Jaman, Ak., M.Ak., CA., CPA., CPI as managing partner of TGS AU Partners as well as the leader of TGS Asia Pacific believes that "With the various potentials that exist in the Asia Pacific market, in terms of human resources must be prepared to face the opportunities that exist in the global/international market. For all TGS firms in Asia Pacific, we already have a very valuable cooperation relationship as a strong foundation to optimize business performance and be able to provide the best service in the field of audit, accounting, tax, and other business consulting for clients/markets in need."

One of the strengths of TGS Asia Pacific firms is having members who synergize with each other because each member firm has its own strengths. For example, TGS Haoxin from China is very experienced and expert in helping provide services to companies in China that have go-public in America (New York Stock Exchange and Nasdaq Composite). In addition, still, from China, TGS Nortex is very experienced and focuses on Financial Due Diligence services for technology start-up businesses in China.

TGS D&C from Taiwan is very close to client companies operating in Japan. DBA Advisory, one of TGS firms from the Philippines has strengths that focus on accounting outsourcing services. 

TGS AU Partners from Indonesia is highly experienced and skilled in helping provide audit, accounting, tax & business consulting services, and assisting clients in preparing for Initial Public Offering (IPO). In addition, TGS AU Partners is also a driving force for TGS Asia Pacific which brings technological innovations that help in audit, accounting, and tax work.

TGS TW PLT from Malaysia has a lot of experience with clients who have go-public. TGS C&T Singapore from Singapore has the strength to help companies expand and invest in Singapore so that it has comprehensive services from company set-up to finance, accounting, auditing, and tax. 

KGS Somani & Co from India has the strength to help companies set up IPOs in America and has experience in IT. TGS AITIA from Hong Kong has the strength to help companies from both within Hong Kong and outside Hong Kong expand internationally. TGS Alatau from Kazakhstan is experienced in assisting with audit and consulting services for foreign investment companies in Qatar.

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With the advantages of each TGS Asia Pacific, it is hoped that it can provide benefits for all parties.

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