Asian School of Business

Convocation 2009

Recession can be an opportunity: Isaac
“The younger generation should not feel threatened by recession. They should take it as an opportunity to practice new principles and acquire new skills,” Finance Minister T.M. Thomas Isaac said here on Thursday.

“It is a certainty that prospects shrink as an aftermath of the economic downturn across the world. However, opening up of geographical boundaries of the European markets has provided opportunities for many countries like China and India to do business in proportions never heard of before,” Mr. Isaac said while delivering the convocation address at the Asian School of Business (ASB) on the Technopark campus here.

Kerala Economy: Challenges and Prospects

Three essentials to unleashing Kerala on the path of economic progress are reviving the agriculture sector, Improving the quality of education, boosting Capital formations and technological innovation.

Delivering the third leadership lecture series on `Kerala Economy: Challenges and Prospects', Dr Pulapre Balakrishnan, noted economist and Senior Fellow, Nehru Memorial Museum and Library, New Delhi said that the Kerala economy can learn a lot by studying similar economies and their growth trajectories. Historical evidences prove that economies which had a dynamic agriculture sector, gave importance to capital formation and quality education are the ones which have witnessed robust economic growth.

IFRS Conference

The Asian School of Business (ASB) organized a half day seminar at its premises in Technopark in Trivandrum on January 21, 2009 on International Financial Reporting Standards (IFRS). KPMG India, who are currently advising over 50 large clients on IFRS and IFRS conversion, were the knowledge partners and shared their experience. The topics covered included the status of IFRS implementation worldwide and in India and how and when it would impact various companies in India, benefits and challenges of IFRS, experience on implementing IFRS in India and the various challenges / issues faced and the broad differences between IGAAP and IFRS.