Friday, May 25, 2012

UBM Asia expects ASEAN revenue to triple by 2015

News this week: UBM Asia, a subsidiary of UBM plc, expects revenues in the ASEAN region to triple over the next three years. UBM Asia plans to achieve this target through new event launches in the region as well as acquiring existing companies and partnerships with both associations and governments.

The ASEAN reportedly account for nearly 7% of UBM Asia’s revenues, while China and Hong Kong generated about half of the 2011 total, followed by India (20%) and Japan.

M. Gandhi, managing director of ASEAN, UBM Asia, stated, “We will treat ASEAN as one business, and all ASEAN offices will help each other and share resources… The biggest challenge I see here is the mind-set. Instead of manufacturing for Thailand, they should think about the whole region.”

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