LYCOS RETRIEVER 
Asia
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Asia is a rock group formed in 1981. The band was labelled a supergroup and included former members of veteran progressive rock bands Yes, King Crimson, Emerson, Lake and Palmer, Uriah Heep, U.K., and The Buggles. As of 2008, there are two distinct groups using the Asia name: a reunion of the band's original line-up performing as Asia, and Asia Featuring John Payne featuring several members from later incarnations of Asia.
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Asia has been the base for some extremely successful large-scale HIV prevention programmes. Well-funded, politically supported campaigns in Thailand and Cambodia have led to significant declines in HIV-infection levels, and HIV prevention aimed at sex workers and their clients has played a large role in these achievements. The Indian state of Tamil Nadu is another area where HIV prevention has had a substantial impact. Here high-profile public campaigns discouraged risky sexual behaviour, made condoms more widely available, and provided STI testing and treatment for people who needed them. These efforts resulted in a large decline in risky sex.16
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Asia has three main financial centres: Hong Kong, Singapore, and Tokyo. Call centres and business process outsourcing (BPOs) are becoming major employers in India and the Philippines due to the availability of a large pool of highly-skilled, English-speaking workers. The increased use of outsourcing has assisted the rise of India and the People's Republic of China as financial centres. Due to its large and extremely competitive information technology industry, India has become a major hub for outsourcing.
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Across the immense quilt of terrains and cultures that is Asia, people struggle to adjust and adapt to a changing world. Former Soviet republics strive to create new identities as independent nations. People in other countries see efforts to build democracy crushed by authoritarian rule. The continent's sheer numbers magnifies Asia's problems: Three of five persons on the planet are found here. Still overwhelmingly rural and poor, the challenges to Asia are as big as the continent itself. Yet with thousands of years of history behind it, its natural resilience endures.
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As the private equity market in Asia matures, economies and the competitive environment will face the constant need for change. This change will usher in new roles for those influenced by the industry. What kinds of challenges will private equity funds face in the future? What efforts are required for private equity funds to generate excess returns in the current context? How does each regional market differ in terms of the market environment and the stages of development? This panel aims to discuss the above questions and explore the winning strategy for private equity funds in Asia.
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