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2 Spring 2016 UHY GLOBAL WORD OF WELCOME<br />
IN THIS ISSUE<br />
3FROM COFFEE TO<br />
COMPUTERS<br />
The <strong>global</strong> teamwork<br />
behind the biggest<br />
sporting event<br />
on the planet<br />
4POWERHOUSE<br />
POTENTIAL<br />
The new ASEAN<br />
Economic Community<br />
could transform<br />
ASEAN countries<br />
10<br />
THINK CITY,<br />
THINK LOCAL<br />
How <strong>global</strong><br />
megatrends are<br />
reshaping where we<br />
live, work and base<br />
our businesses<br />
13<br />
COGS AND WHEELS<br />
A look behind<br />
the scenes of the<br />
UHY network<br />
14<br />
RISING TO THE<br />
OIL CHALLENGE<br />
Perspectives from<br />
UHY member firms<br />
about where to<br />
look for better news<br />
in the <strong>global</strong> oil<br />
and gas industry<br />
16<br />
WHERE START<br />
UPS SUCCEED<br />
Bringing the right<br />
people together<br />
is at the heart of<br />
every thriving start<br />
up ecosystem<br />
20<br />
GLOBAL NEWS<br />
Kenya’s landmark<br />
business legislation,<br />
tackling BEPS and<br />
the impact of Malta’s<br />
new passport<br />
21<br />
SERVING CLIENTS,<br />
SERVING<br />
COMMUNITIES<br />
Recognising UHY’s<br />
people-focused<br />
approach<br />
WORD OF<br />
WELCOME<br />
I am delighted to welcome<br />
our readers to the second<br />
edition of UHY Global, our<br />
twice-yearly publication<br />
for businesses with an<br />
international outlook. 2016<br />
is a significant year for UHY,<br />
marking our 30th anniversary.<br />
In this time, we have grown<br />
from two founding firms –<br />
in the US and the UK – to<br />
a network of independent<br />
member firms operating in<br />
over 320 business centres<br />
across nearly one hundred<br />
countries, serving clients<br />
locally, regionally and <strong>global</strong>ly.<br />
Through UHY Global we can<br />
share and celebrate some of<br />
the inspirations and ideas from<br />
clients and colleagues that we<br />
hope illustrate how a joined<br />
up approach to international<br />
business can make a real<br />
difference, whatever your<br />
industry, whatever your<br />
challenges. It is three decades<br />
of unwavering commitment<br />
to internationalisation and<br />
a culture built on long<br />
term business relationships<br />
that makes UHY today a<br />
credible and refreshing<br />
alternative to the Big Four.<br />
In this issue of UHY<br />
Global, we take a look at<br />
start-ups and innovation<br />
hotspots around the world<br />
to understand where and<br />
why entrepreneurs are<br />
thriving. Location is also the<br />
key to successful property<br />
development, but today the<br />
real challenge for investors lies<br />
in understanding city – not<br />
country – microeconomics.<br />
Some current destinations<br />
of choice may surprise you.<br />
We also examine the<br />
emerging commercial<br />
powerhouse of Southeast<br />
Asia. Less than six months<br />
into the creation of the<br />
ASEAN Economic Community<br />
what are the prospects for<br />
businesses in and around<br />
the region, and what can<br />
we expect from ten nations<br />
traditionally notable more<br />
for their cultural diversity<br />
than their common<br />
economic ambition?<br />
Oil prices are discussed in<br />
this issue’s Perspectives piece.<br />
We hear from UHY’s <strong>global</strong><br />
energy sector group on some<br />
of the challenges facing<br />
explorers and producers in<br />
markets across the world.<br />
I hope you will find this<br />
issue of UHY Global thought<br />
provoking and valuable; and<br />
perhaps take from it a sense<br />
of how a mature international<br />
network of professional<br />
services firms working closely<br />
together may be the source<br />
of ideas and solutions for your<br />
own international ambition.<br />
Bernard Fay<br />
Chairman, UHY<br />
International