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Chairman’s Statement3 The World Bank, Global EconomicProspects 2010: Crisis, Finance, andGrowth (21 January 2010)Meanwhile, although economicconditions appear to be improving,volatility may still be an issue. TheWorld Bank reported that the globaleconomy contracted by 2.2% in2009, but expects the globaleconomy to grow by 2.7% in 2010.By contrast, East Asia and the Pacificand South Asia grew 6.8% and 5.7%in 2009 respectively and areexpected to grow 8.1% and 6.9% in2010 3 . This gives us extra comfort ofthe resilience of our OpCos’ countryeconomies.What this means is that while thelong-term outlook may be uncertain,complex and multi-dimensional, realopportunities for growth are theregiven the countries we are in andthe relative stages of socio-economicdevelopment.As innovation remains absolutelycritical in this environment, theleadership of Axiata across the Groupis committed to ‘raising the bar’ in allaspects of our business; be it in ouroperations, the organisation, productsand services, and the entire customerexperience.I believe as Axiata progresses downits transformation journey and withits enhanced balance sheet, it is inan excellent position to capture theopportunities presented in each ofthe countries it operates in.We reiterate our commitment to ourpurpose of “Advancing Asia” viaconnectivity, technology and talent.We aim to make a real difference topeople’s lives and help to transformthe economies of the countries inwhich we operate.This is in the spirit of our government’sNew Economic Model (NEM) whichcalls for the transformation of thenation into a developed high-incomeeconomy that is sustainable andinclusive.We have bold financial targets butour targets go beyond financialmeasures. Axiata’s economic,technology and social contributionaims to push us to a higher-incomeeconomy, with the creation of worldclassprocesses, services and talentfor our sustainable growth.We reiterate ourcommitment to ourpurpose of “Advancing Asia”via connectivity, technologyand talent. We aim to make areal difference to people’s livesand help to transform theeconomies of the countries inwhich we operate.Axiata Group Berhad • 014