FRONTLINE COVER FA 070606 CR2.indd
FRONTLINE COVER FA 070606 CR2.indd
FRONTLINE COVER FA 070606 CR2.indd
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8<br />
frontline technologies corporation ltd<br />
annual report 2006<br />
Within the area of Outsourcing alone, revenue is expected<br />
to rise to $25.3 billion in 2009 at a compounded annual<br />
growth rate in excess of 10%. As global businesses place<br />
increasing demands on IT service providers to deliver<br />
more value at a lower cost, our Outsourcing business will<br />
continue to be the main thrust of our growth strategy.<br />
Leveraging on our reputation as a total solutions provider,<br />
we will also seek avenues for expansion through the<br />
provision of our IT infrastructure services, which acts as a<br />
good entry point for further business development.<br />
In recent IDC projections, both China and India will top<br />
the IT services market in the region. By 2010, the Chinese<br />
market is expected to grow at a compounded annual<br />
growth rate of 18.1%, and India’s IT services market will<br />
grow by 16.6%.<br />
Alongside this, several Asian countries, including Singapore<br />
and Malaysia, have also announced long-term mega-plans<br />
to enhance IT infrastructure in their respective countries.<br />
In Singapore, the Infocomm Development Authority (“IDA”)<br />
recently announced a 10-year master plan (iN2015) to<br />
transform Singapore into an intelligent nation powered by<br />
info-communications. One of the objectives of the iN2015<br />
plan is to establish a Next Generation National Infocomm<br />
Infrastructure that will see a pervasive, ultra high-speed<br />
national wireless broadband network being built. This will<br />
help fuel demand for new generation of applications and<br />
services to take advantage of the high-speed broadband<br />
bandwidth in the coming year. To deal with ever-evolving<br />
cyber security threats, IDA also outlined an Infocomm<br />
Security Masterplan for a National Authentication<br />
Framework and a National Trust Framework.<br />
Barring unforeseen circumstances, we remain confident<br />
that we will continue to witness double-digit growth in the<br />
next few years.<br />
A Word of Appreciation<br />
The strides that we have made in our growth were possible<br />
only through the hard work and dedication of every staff<br />
member of the Frontline team. Our staff commitment,<br />
execution and passion are the primary reasons that place<br />
us in a strong position to sustain our profitable growth<br />
trajectory into 2006 and beyond. Our deepest appreciation<br />
and thanks also go to our valued customers, Board of<br />
Directors, shareholders and business partners. Their<br />
valuable support is the key to our success.<br />
Steve Ting<br />
Executive Chairman & Founder<br />
Frontline Technologies Corporation Limited<br />
Lim Chin Hu<br />
President & Chief Executive Officer<br />
Frontline Technologies Corporation Limited<br />
The Malaysian government’s Ninth Malaysian Plan also<br />
outlines a growth in IT spending in the education, health<br />
and government sectors over the next few years.<br />
Frontline’s healthy financial position, together with our<br />
strong presence and experiences in the Asia Pacific, puts<br />
us in an ideal position to take full advantage of the market<br />
upswing in the region from 2006 and beyond. We will be<br />
expanding organically in India and China, and we will also<br />
consider operations in countries such as Indonesia and<br />
Vietnam in the new year.
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