Business Environment Council

HKTDC T-box programme launches new stream

Retrieved on: 
Wednesday, May 31, 2023

HONG KONG, May 31, 2023 - (ACN Newswire) - The Hong Kong Trade Development Council (HKTDC) will add a support stream to its Transformation Sandbox (T-box) programme to help Hong Kong companies integrate environmental, social and governance (ESG) initiatives into business.

Key Points: 
  • HONG KONG, May 31, 2023 - (ACN Newswire) - The Hong Kong Trade Development Council (HKTDC) will add a support stream to its Transformation Sandbox (T-box) programme to help Hong Kong companies integrate environmental, social and governance (ESG) initiatives into business.
  • In addition, ESG compliance had become a criterion for bank-loan approval and orders from premium buyers.
  • The HKTDC Transformation Sandbox (T-box) is a SME support programme launched in April 2020 to help businesses enhance competitiveness and achieve transformation goals in the areas of branding, e-commerce, manufacturing and supply chain solutions and new markets.
  • With the support of representatives from professional bodies, business associations, chambers of commerce, business partners as well as HKTDC overseas offices, about 850 consultation meetings have been arranged free of charge.

China's Economy on Fast Road to Recovery - AmCham South China Study Shows

Retrieved on: 
Monday, February 27, 2023

GUANGZHOU, China, Feb. 27, 2023 /PRNewswire/ -- The American Chamber of Commerce in South China (AmCham South China) today released its 2023 White Paper on the Business Environment in China and 2023 Special Report on the State of Business in South China. The release was attended by over 200 government officials, business executives and members of media including over 40 foreign consulates mostly represented by their consuls general. Both publications can be downloaded free of charge from http://www.amcham-southchina.com/amcham/static/publications/publications...

Key Points: 
  • GUANGZHOU, China, Feb. 27, 2023 /PRNewswire/ -- The American Chamber of Commerce in South China (AmCham South China) today released its 2023 White Paper on the Business Environment in China and 2023 Special Report on the State of Business in South China.
  • Both publications are researched and produced independently by AmCham South China and do not represent the opinions of the US or any other government or organization.
  • AmCham South China does not receive any funds from any government in the production of these publications.
  • The Special Report on the State of Business in South China is a quantitative study of the business environment, conducted for consecutive years by AmCham South China.

The NIST Cybersecurity Framework and the FTC

Retrieved on: 
Tuesday, November 29, 2022

We often get the question, If I comply with the NIST Cybersecurity Framework, am I complying with what the FTC requires?

Key Points: 
  • We often get the question, If I comply with the NIST Cybersecurity Framework, am I complying with what the FTC requires?
  • In February 2013, President Obama issued Executive Order 13636, Improving Critical Infrastructure Cybersecurity, which called on the Department of Commerces National Institute of Standards and Technology (NIST) to develop a voluntary risk-based Cybersecurity Framework for the nations critical infrastructurethat is, a set of industry standards and best practices to help organizations identify, assess, and manage cybersecurity risks.
  • NIST issued the resulting Framework in February 2014.
  • The Framework provides organizations with a risk-based compilation of guidelines that can help them identify, implement, and improve cybersecurity practices.
  • The Framework does not introduce new standards or concepts; rather, it leverages and integrates cybersecurity practices that have been developed by organizations like NIST and the International Standardization Organization (ISO).
  • Identify helps organizations gain an understanding of how to manage cybersecurity risks to systems, assets, data, and capabilities.
  • Protect helps organizations develop the controls and safeguards necessary to protect against or deter cybersecurity threats.
  • The Framework breaks down each of these functions into additional categories and then provides helpful guidance.
  • As the Framework recognizes, theres no one-size-fits-all approach to managing cybersecurity risk.
  • But thats the benefit of the Framework: Its not a checklist, but rather a compilation of industry-leading cybersecurity practices that organizations should consider in building their own cybersecurity programs.
  • Section 5 of the FTC Act is the primary enforcement tool that the FTC relies on to prevent deceptive and unfair business practices in the area of data security.
  • Since 2001, the FTC has settled some 60 cases against companies the FTC alleges failed to provide reasonable protections for consumers personal information.
  • By identifying different risk management practices and defining different levels of implementation, the NIST Framework takes a similar approach to the FTCs long-standing Section 5 enforcement.
  • Many FTC cases highlight companies alleged failures to implement reasonable data security practices that the Framework emphasizes under the
    Protect function.
  • FTC orders demonstrate the importance of this function, emphasizing how consumer interests should factor into a companys recovery plan.

Business Environments Acquired by Atmosphere Commercial Interiors

Retrieved on: 
Wednesday, September 7, 2022

MINNEAPOLIS, Minn. and ALBUQUERQUE, N.M., Sept. 7, 2022 /PRNewswire/ -- Atmosphere Commercial Interiors, a commercial furniture and services provider headquartered in Minneapolis, MN, today announced the acquisition of Business Environments, a Steelcase solution and commercial flooring provider based in Albuquerque, NM and El Paso, TX.

Key Points: 
  • MINNEAPOLIS, Minn. and ALBUQUERQUE, N.M., Sept. 7, 2022 /PRNewswire/ -- Atmosphere Commercial Interiors, a commercial furniture and services provider headquartered in Minneapolis, MN, today announced the acquisition of Business Environments, a Steelcase solution and commercial flooring provider based in Albuquerque, NM and El Paso, TX.
  • Hoover founded Business Environments in Albuquerque as an office equipment store in 1973, then sold the business to his sons, Bruce and Scott Hoover in 1997.
  • Under their leadership, Business Environments expanded their office furniture and flooring business into El Paso and now employ over 85 team members.
  • Business Environments will operate as Business Environments by Atmosphere through the end of 2022 before a full transition to the Atmosphere Commercial Interiors brand in 2023.

Big data and cloud computing empower further innovation in Jinan's government services

Retrieved on: 
Thursday, June 16, 2022

In recent years, Jinan has made full use of big data and cloud computing, among other new technologies, to continuously promote the innovation of government services and provide a quality and efficient government service environment for market entities.

Key Points: 
  • In recent years, Jinan has made full use of big data and cloud computing, among other new technologies, to continuously promote the innovation of government services and provide a quality and efficient government service environment for market entities.
  • According to the regulations, the city plans to transition to a service-oriented government, and expand the application of modern information technologies such as Internet and big data."
  • In terms of cross-border trade, the customs, commerce and port logistics departments will also collaborate to optimize and promote electronic customs clearance procedures.
  • Supported by a sound business environment, Greenland International Expo City, a project in Jinan Start-up Area, has been able to speed up progress.

Reinvestment Plans Strong Despite China's Recent Economic Slowdown

Retrieved on: 
Tuesday, March 1, 2022

China stood out for its economic resilience in the face of unprecedented global changes and a once-in-a-century pandemic.

Key Points: 
  • China stood out for its economic resilience in the face of unprecedented global changes and a once-in-a-century pandemic.
  • Compared with a year earlier, strong negative impacts brought by US and Chinese tariffs on companies eased in 2021.
  • Companies still take a strong interest in reinvesting in China despite its economic slowdown.
  • More than 70% have reinvestment plans for 2022, including 76% of American companies.

NEW STUDY APP FROM SURGENT ACCOUNTING & FINANCIAL EDUCATION PROVIDES ON-THE-GO ACCESS TO BITE-SIZED LEARNING FOR CPA EXAM TAKERS

Retrieved on: 
Thursday, January 13, 2022

The Surgent Study Companion covers all four sections of the CPA Exam: Auditing & Attestation, Regulation, Financial Accounting & Reporting, and Business Environment & Concepts.

Key Points: 
  • The Surgent Study Companion covers all four sections of the CPA Exam: Auditing & Attestation, Regulation, Financial Accounting & Reporting, and Business Environment & Concepts.
  • Surgent Accounting & Financial Education, part of NexPhase Capital-backed KnowFully Learning Group, is a provider of the high-impact education experiences that accounting, tax and financial professionals need throughout their careers.
  • The KnowFully Learning Group provides continuing professional education, exam preparation courses and education resources to the accounting, finance and healthcare sectors.
  • The company provides exam preparation and continuing education for accounting, finance, and tax professionalsunder the Surgent Education brand.

iQIYI CEO GONG Yu at China International Import Expo (CIIE): Building an Efficient IP Protection Mechanism via Cooperation and Technology

Retrieved on: 
Monday, November 8, 2021

BEIJING, Nov. 7, 2021 /PRNewswire/ -- iQIYI, an innovative market-leading online entertainment service in China, reiterated its commitment to IP protection through technological innovation.

Key Points: 
  • BEIJING, Nov. 7, 2021 /PRNewswire/ -- iQIYI, an innovative market-leading online entertainment service in China, reiterated its commitment to IP protection through technological innovation.
  • Presenting virtually at the Intellectual Property Protection and Business Environment Optimization forum held as part of 4thChina International Import Expo (CIIE) on November 5, GONG Yu, Founder and CEO of iQIYI, expressed his wish for more regulatory guidance on IP protection.
  • It dampens the passion of creators and stalls the long-term development of the industry," Gong remarked, adding that "More international cooperation on IP protection will also facilitate technological innovation."
  • The Intellectual Property Protection and Business Environment Optimization forum discussed the efforts and achievements of China in enhancing intellectual property protection and optimizing business environment.

Velociteach's 'Manage This' Podcast Details The 2021 PMP® Exam

Retrieved on: 
Monday, November 1, 2021

LOS ANGELES, Nov. 1, 2021 /PRNewswire-PRWeb/ --A new episode of Velociteach's ' Manage This ' podcast goes in-depth on recent changes to the PMP exam that has been released on the company's website.

Key Points: 
  • LOS ANGELES, Nov. 1, 2021 /PRNewswire-PRWeb/ --A new episode of Velociteach's ' Manage This ' podcast goes in-depth on recent changes to the PMP exam that has been released on the company's website.
  • Host Bill Yates is joined by Velociteach Manager of Curriculum Development Louis Alderman, as well as Samuel Mills, PMP, a podcast listener who recently passed the PMP exam himself using Velociteach.
  • In summary, the PMP Exam now covers 3 approaches to managing projects: predictive, adaptive, and hybrid.
  • Joining the podcast is guest Samuel Mills, a Velociteach student who recently passed the PMP examination himself and shares his experience.

InvestHK: HKSAR Government's "Report on Hong Kong's Business Environment" highlights Hong Kong's unique advantages and unlimited opportunities

Retrieved on: 
Wednesday, September 29, 2021

HONG KONG, Sept 29, 2021 - (ACN Newswire) - Invest Hong Kong (InvestHK) announced today (September 29) a series of promotions building upon the "Report on Hong Kong's Business Environment: A Place with Unique Advantages and Unlimited Opportunities" (www.hkeconomy.gov.hk/en/environment/index.htm) published this week by the Government of the Hong Kong Special Administrative Region (HKSAR).

Key Points: 
  • HONG KONG, Sept 29, 2021 - (ACN Newswire) - Invest Hong Kong (InvestHK) announced today (September 29) a series of promotions building upon the "Report on Hong Kong's Business Environment: A Place with Unique Advantages and Unlimited Opportunities" (www.hkeconomy.gov.hk/en/environment/index.htm) published this week by the Government of the Hong Kong Special Administrative Region (HKSAR).
  • "It is very important for us to tell the real Hong Kong story to the international business community that under the Central Government's support and the 'one country, two systems' principle, Hong Kong and businesses in Hong Kong have a bright future with fantastic opportunities."
  • Going forward, with the continued support of the Central Government, we see very bright prospects for Hong Kong's economy."
  • InvestHK is organising a series of global webinars to be held on October 7 for business communities around the world to provide an update on Hong Kong's latest business environment and key announcements relevant to business in next week's Policy Address.