Home / Knowledge / News / Business upgrading is only way to survive economic adversity, HKPC
Business upgrading is only way to survive economic adversity, HKPC
06
Jun '09
At a summit jointly organized by the Hong Kong Productivity Council (HKPC) and now Business News Channel (6 June 2009), local companies have been urged to be more pro-active in upgrading and transforming their business in order to survive the economic downturn.

The Hon. Andrew Leung, Legislative Councillor and Chairman of HKPC who was also the guest host of today's summit, said: “Hong Kong companies have already had to confront a host of challenges such as adjustments in the Mainland's processing trade policy, environmental requirements and growing competition from Mainland companies etc. The financial tsunami and the swine flu have compounded the problems facing Hong Kong companies. Success stories of today's speakers clearly demonstrate that business upgrading is the only way to survive the economic adversity.”

Mr Wilson Fung, Executive Director of HKPC, said: “In the past few years, although the government has not introduced many new initiatives specifically on supporting and promoting industrial development, industry should not be disappointed. Among the six economic areas with high potentials which the government intends to develop, four of them are closely related to industry.

We trust that industry will benefit from the new initiatives when they are rolled out. Also, the newly-established CreateHK Office has just launched a $300 million CreatSmart Initiative for the creative industry. These resources enable enterprises to apply creativity to upgrade and transform their business. Industry should capture these opportunities to increase its competitiveness.”

Summit speakers included Mr Clement Chen, Chairman of the Federation of Hong Kong Industries; Mr George Leung, Advisor, Strategy and Economics, Asia Pacific, HSBC; Professor K B Chan, Chairman of Hong Kong Electronic Industries Association; Mr Sze Yan-ngai, Founder and Convenor of Hong Kong Game Industry Association; Mr Arnald Ho, Chairman of Print-Rite Holdings Ltd; Dr John Chai, Managing Director of Fook Tin Technologies Ltd; and Mr Winston Chow, Group Deputy General Manager of Chow Sang Sang Holdings.

Highlights of the summit will be broadcast at 9:30pm, 13 and 14 June, on now Business News Channel and uploaded to the HKPC website thereafter.

Hong Kong Productivity Council


Must ReadView All

Apparel/Garments | On 22nd Sep 2017

Govt announces new duty drawback rates for garments

The Government of India has today announced the new duty drawback...

Courtesy: ITMA

Textiles | On 22nd Sep 2017

ITMA 2019 to focus on smart garment technologies

ITMA 2019, the world's largest textile and garment technology...

Apparel/Garments | On 22nd Sep 2017

New US FTC rule for RN used on textile product labels

The US Federal Trade Commission recently streamlined requirements...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search