WELCOME TO THE
HONOLULU CHAPTER
OF CFMA!

President’s Message

Happy New Year! As we recover from the holidays and return to work, we may be sobered by the shrinking size of our backlogs, and bank accounts. Yesterday, I sat in the CFMA Webinar with economist Anirban Basu as he spoke about his outlook for 2012. Although statistical indications are that the US is recovering from the “soft-dip” in 2010-11, Mr. Basu does not expect a quick recovery this year. In fact, he mentioned in his own opinion, that full recovery will not occur until 2014-15! And since Hawaii generally lags the mainland, does that mean a 2016 recovery for us, or will Rail and tourism come through and stir up economic activity sooner?

Now, more than any time in the past decade, your companies need your strong financial management, control, and leadership. Since cash is king during these tough times, we are planning on not one, but two events focusing in on how to improve cash flows and how to make your money work for you. Please refer to our CFMA calendar for these as well as other upcoming functions planned. Hope to see you soon.


Wes

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