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Part consultancy, part thinktank, part social enterprise, Halcyon helps you prepare for and respond to personal, organisational and societal change.

Halcyon's 52:52:52 campaign on Twitter will help you address 52 issues with 52 responses over 52 weeks.

To be a catalyst is the ambition most appropriate for those who see the world as being in constant change, and who, without thinking that they control it, wish to influence its direction - Theodore Zeldin

A Mundane Comedy is Dominic Kelleher's new book, which will be published in early 2020. We will be publishing extracts on this site and across social media during the last quarter of 2019. Please feel free to contact us with any questions about the book.

What's Changing? - Business in Asia

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Please see below selected recent business intelligence about Asia Pacific.


June 2015



  • According to BankofAmericaMerrilLynch, for Asia Pacific’s most influential CFOs, 2015 will be a year of growth but will require a heightened level of courage, commitment and care to deliver on expectations. Change will be inevitable. Challenges will be multi-faceted. Risk and market volatility will remain a reality. But with an actively managed finance strategy and a clear understanding of the diverse headwinds, opportunities will materialise. These are some of the projections of Asia Pacific’s leading CFOs.







  • China aimed to pledge a multi-billion dollar investment in Europe’s new infrastructure fund at a summit in late June in Brussels, Reuters reported. The exact sum has yet to be decided. In return for the investment in Europe, China is expected to ask Europe to invest in its revival of the Silk Road. The “One Belt, One Road” initiative is expected to build energy and communications links such as railways, highways, oil and gas pipelines, power grids, Internet networks, maritime and other infrastructure links across Central, West and South Asia to as far as Greece.


  • The Economist Intelligence Unit now expects the Chinese economy to grow by 6.8% in 2015, as rising incomes support household spending growth but as slowing growth in investment - especially in property- holds back the pace of expansion. falling global oil prices and excess local industrial capacity will cause average consumer price inflation to slow to 1.2% in 2015, from 2.1% in 2014. The renminbi is expected to weaken against the US dollar in 2015, depreciating on an annual average basis for the first time since 1994.



  • Deloitte appointed its first Asia Pacific leader to come from Japan. Yoichiro Ogawa, who has a 30-year career with Deloitte Japan, will serve a four-year term. In his role, Ogawa will be responsible for driving market leadership and quality across the region, strengthening the firm's brand and client services and identifying further growth opportunities while working with member firm leaders to enhance bonds and collaboration. In addition to the Asia Pacific regional leadership role, Ogawa will also become the Deloitte global managing director of regions and will serve as a member of the network's executive and operating committees. Ogawa's appointment is part of the new leadership team set up by Punit Renjen, Deloitte's global chief executive as of 1 June 2015.




May 2015


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  • Forum for the Future outlined seven trends that could make or break a sustainable future for Southeast Asia. It’s one of the fastest growing economic regions in the world, but rapid growth and the rising aspirations of a growing middle class is increasing pressure on natural resources. The area has lost 13% of its forests since 1992 - an area equivalent to the size of Vietnam, the UN Environmental Programme reported. The impacts of global deforestation on the climate will be felt close to home: the region is one of the world’s most vulnerable to climate change impacts, such as droughts, floods, typhoons, sea level rise and heat waves.





  • China is planning to invest up to $50bn (£32bn) in Brazil for new infrastructure projects. The deal was due to be signed by banks from both countries during a visit by Chinese Prime Minister Li Keqiang to Brazil. The money will go towards building a railway link from Brazil's Atlantic coast to the Pacific coast of Peru to reduce the cost of exports to China. The fund will also finance a joint venture to produce steel. Brazil currently exports much of its iron ore to China.














April 2015


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  • The EIU forecast that Chinese economic growth will slow to 7% in 2015, but lower inflation will provide support to real household consumption. ThePeople’s Bank of China may cut interest rates again in the second quarter of 2015, in order to offset the effects of slowing inflation, but monetary policy will remain fairly tight. Owing partly to lower global oil prices and also to excess supply in the economy, the EIU expects annual consumer price inflation to an average of 1.2% in 2015.






  • Official data revealed that Chinese exports fell 15% in March compared with the same month last year. This means export growth over the first quarter of the year, which saw double digit growth in January and February, slowed to 4.7% compared with Q1 2014, and 8.7% compared with Q4 2014. Imports also fell over the month, down 12.3%, while the nation’s trade surplus stood at $3.1bn, considerably below expectations. Bloomberg chief Asia economist Tom Orlik said that China’s government will look to cut interest rates to ease domestic conditions as a response.





  • Inflation in South Korea fell to a 16 year low of 0.4% in February, while the country reported its largest ever trade surplus last month of $US8.4 billion as imports and exports fell.


March 2015


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  • Australia’s GDP increased by 0.5% q/q and 2.5% p.a. in Q4 2014, below the long-term average growth rate of around 3.25% p.a. (inflation adjusted and seasonally adjusted), but not much lower than the average GDP growth rate since 2010 (2.7% p.a.).




  • China's state owned banks are about to begin the painful process of writing off billions of dollars in bad debts, as Beijing seeks to avoid Japanese-style stagnation from a failure to address problem loans. Accounting firms in China are preparing for a spike in bad loans this year and fear it may further destabilise China's already-slowing economy.




February 2015


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  • The China affiliates of the Big Four agreed to pay a combined US$2 million as part of a settlement with the US SEC over their failure to produce documents from audits of Chinese companies. But the SEC stopped short of suspending the firms from auditing Chinese companies listed in the US. An administrative law judge called for a six month suspension from such work. In a joint statement, the four Chinese firms said they were “pleased” to have reached the settlement and added that their “ability to continue to serve all their respective clients is not affected by this settlement.”




January 2015

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