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3000-2 ACSS minute and Medium Enterprise (SME)(R) Communications

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3000-2 exam Dumps Source : ACSS minute and Medium Enterprise (SME)(R) Communications

Test Code : 3000-2
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Vendor name : Avaya
real questions : 118 existent Questions

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Avaya Avaya ACSS minute and

Avaya Helps minute and Mid-dimension groups 'feel large' With more suitable Collaboration items, original innovations | killexams.com existent Questions and Pass4sure dumps

BASKING RIDGE, NJ--(Marketwire - 05/17/11) -

  • New SME consumers -- bakery proprietor and television renowned person chum Valastro and top song enterprise The company neighborhood -- partake experiences in collaboration
  • business shares impending innovations for minute and medium companies: Avaya Flare adventure for mobile gadgets, hybrid cloud mannequin
  • Avaya, a world leader in company collaboration programs, application and services, these days unveiled original product releases, customers and improvements in the minute and medium enterprise market at a worldwide press, analyst and accomplice adventure. These bulletins consist of the original edition of Avaya's communications solution for this market -- Avaya IP workplace 7.0 -- which drives more suitable tag downs, consumer experiences, and collaboration for a brand original technology of entrepreneurs, early-stage groups, and mid-size enterprises.these days, the enterprise additionally unveiled customer and associate assist for Avaya IP office 7.0 including two original 7.0 purchasers: Carlo's Bakery, domestic to proprietor and television character chum Valastro, and suitable music reserving firm The agency neighborhood (for extra details on customers, behold quotes below). moreover, Avaya introduced that a few service company partners -- together with Bell Canada and Verizon -- will present Avaya IP workplace 7.0 to their minute and medium traffic valued clientele.New Avaya IP office 7.0 Capabilities Avaya IP workplace 7.0 completes the combination of Nortel enterprise solutions (NES) IP and digital telephones into the IP office platform (NES was got by using Avaya, Dec. 2009). This integration now allows about 14 million NES clients(1) to benefit Avaya IP office's collaboration capabilities, and can pressure 40 to 60 p.c in reductions(2) for NES purchasers via enabling them to continue latest telephones when upgrading to Avaya IP workplace. This upgrade can furthermore subsist accelerated and simplified with the aid of a original statistics Migration implement that lets partners switch a business' current facts (i.e. voicemails, cellphone extensions) to their original systems, holding productivity without interruption.Avaya IP office 7.0 furthermore grants an accelerated portfolio of gadgets for multimedia collaboration, together with subtle original color touchscreen laptop telephones that permit users scroll through contacts or control visual voicemail on the palpate of a finger. additionally, original conference leeway telephones present patented extensive-band audio, name recording by means of SD card, and speedy USB connectivity to a computer for temporary set-ups. These are piece of a portfolio that offers a number of advanced communications, similar to HD videoconferencing by the consume of computer workstation without a introduced rig required.imminent Capabilities, Demos for minute and Medium companies very nearly 60% of minute and mid-size agencies situation they use, are interested in, or are planning to acquire consume of collaboration utility.(3) At an Avaya press, analyst and associate adventure today in original york, the enterprise discussed imminent improvements in collaboration for this market, including the Avaya Flare adventure for minute and medium groups. Avaya furthermore tested superior multi-birthday party videoconferencing by means of a number of instruments, computing device sharing capabilities, and an ameliorate from a Nortel gadget to Avaya IP workplace the usage of the information Migration tool.Avaya furthermore shared its imaginative and prescient for a hybrid cloud method to minute and medium communications, which areas Avaya IP office on premise, while enabling opt for applications to subsist hosted 'in the cloud' on a accomplice network. This means will allow extra elastic consume and sooner deployments of Avaya's newest collaboration applications.helping charges chum Valastro, proprietor of Carlos Bakery and fact-television megastar (IP office 7.0 consumer): "Our company is becoming. The strains at the bakery are getting longer, and client name volumes are rising -- which is remarkable. however i realized they needed a communications solution this is powerful satisfactory to tackle their rising enterprise and may allow us to serve every client with as a total lot best as they set aside into their desserts. Avaya IP workplace 7.0 offers my personnel and i the collaboration rig vital to drive desirable fine service and business, whether we're on-the-go or at Carlo's Bakery. i accomplish know the significance of supplying and getting the most efficient, and that's why I chose Avaya IP workplace." (Implementation via Avaya traffic accomplice American workplace equipment)Howie Gold, director of IT, The company neighborhood (IP office 7.0 customer): "Avaya has executed a honorable job of bringing the facets of their current Nortel telephones to the Avaya IP office platform, which makes the transition more convenient." For complete tale on The agency neighborhood's experience, study the click unlock issued today perquisite here. (Implementation by Avaya company confederate Telanet)Cary Parsons: vice president, Infrastructure features, Bell Canada (Avaya carrier provider partner): "because the Canadian market chief in minute and medium traffic communications, Bell is fine to the evolving wants of consumers during this dynamic market. we're joyful to add the original edition of IP workplace to their portfolio, providing seamless migration to subsequent-technology unified communications for their purchasers. Avaya IP office aligns with their dreams of offering innovation in communications, while conserving the person's prior know-how investments."Isabelle Guis, widespread manager, Avaya minute and MediumEnterprise Division:"because the economic climate shifts into a better equipment, today's minute and medium businesses want the most fulfilling rig purchasable to collaborate and compete readily. Avaya IP office 7.0 represents the head of advanced communications during this market, presenting vast unified communications capabilities with a focus on simplicity and discount rates."related advice leadership: Avaya is now the chief in the minute and medium traffic market with about 30 million telephony clients on Avaya minute and medium communications platforms.(4)shoppers: Avaya recently handed 200,000 Avaya IP office valued clientele.(5)New Contest: Avaya these days launched a minute company Innovators contest, asking entrants to interpret their plan for innovating the style their traffic serves clients, and maintain a haphazard to win a imposing prize: a brand original IP office solution and connected products.Tags: Avaya IP office, unified communications, minute business, SMB, SME, contact center, mid-measurement company, medium enterprise, communicationsFor greater assistance, photos and case reports, talk over with the Avaya IP workplace 7.0 virtual media kit online perquisite here.About Avaya: Avaya is a world chief in enterprise communications and collaboration, offering unified communications, contact centers, records options and linked services to groups of shameful sizes everywhere. For more suggestions gladden visit www.avaya.com.certain statements contained in this press release are forward-looking statements. These statements may subsist recognized by means of ahead-searching terminology reminiscent of "assume," "believe," "continue," "may," "estimate," "predict," "intend," "may additionally," "could," "plan," "abilities," "predict," "should still" or "will" or other identical terminology. they maintain based mostly these forward-searching statements on their current expectations, assumptions, estimates and projections. while they reckon these expectations, assumptions, estimates and projections are within your means, such forward searching statements are best predictions and contain time-honored and unknown risks and uncertainties, a lot of which can subsist beyond their manage. These and other essential factors can cause their precise effects, performance or achievements to vary materially from any future consequences, efficiency or achievements expressed or implied by these forward-looking statements. For an inventory and description of such risks and uncertainties, gladden refer to Avaya's filings with the SEC that are available at www.sec.gov. Avaya disclaims any objective or responsibility to update or revise any ahead-searching statements, no matter if because of original advice, future hobbies or in any other case.comply with Avaya on Twitter, fb, YouTube, LinkedIn, Flickr, and the Avaya linked blog.(1) in keeping with Avaya interior figures.(2) in response to Avaya calculations.(3) Forrsights enterprise determination-Makers Survey, this autumn 2010, Forrester research Inc., February 2011. SME described in this case as a enterprise with 100-999 personnel. On collaboration utility: fifty seven% are 'attracted to the usage of,' 'once in a while use,' 'often use' or 'planning to consume in next 12 mos.'(4) Avaya calculations in line with Dell'Oro market partake studies. determine represents Nortel and Avaya clients of ordinary Key, Hybrid PBX - minute and IP-PBX programs because 2003.(5) based on interior Avaya earnings figures.


    Avaya announces original platform for small, midsize agencies | killexams.com existent Questions and Pass4sure dumps

    Avaya, a worldwide leader in company communications application, has announced the newest version of the Avaya IP workplace Platform, the market-main unified communications solution for minute and midsize businesses.

    Avaya IP office liberate 10 is purchasable as a cloud, hybrid cloud, or premises-based deployment, enabling businesses to deploy original capabilities based on company want, whereas making the most of enhancements in security, resiliency and end-person journey, referred to a statement from the business.

    With Avaya IP workplace release 10, channel companions can bring cloud-hosted unified communications (UC) and acquire contact with middle (CC) solutions to customers, whereas conserving an on-premises gateway, permitting the customer to Take trunk strains from carrier providers and fulfill regulatory requirements in the seat East, it noted.

    amongst other enhancements, Avaya IP office unencumber 10 furthermore increases protection and resiliency. Now, built-in signalling and media encryption for endpoints and UC valued clientele helps withhold privacy and information integrity — essential in any deployment, however particularly in these delivered via absolute or hybrid cloud features, it introduced.

    This pleasing characteristic in Avaya IP workplace is provided at no additional permeate or added complexity, in contrast to many different over-the-good, absolute cloud UC seller offerings accessible today that best supply encryption as an optional line detail - if at all, talked about a press release.

    This enhance in safety is chiefly big to the midmarket: in accordance with a 2015 global survey, the variety of attacks reported by using midsize corporations improved sixty four per cent between 2013 and 2014, as cybercriminals spin to midsize agencies in hopes of convenient access, it brought.

    past other absolute cloud deployments, the newest edition of IP office takes a special method to resilience, providing gadget failover cloud to cloud, cloud to premises, premises to cloud and premises to premises.  some thing the method, the gadget stays lively and users preserve connectivity during the outage, it stated.

    The Avaya IP workplace Platform is purchasable via permitted channel partners in three deployment alternatives: premises-based, hybrid or absolute cloud answer. With greater than half 1,000,000 systems shipped globally, Avaya IP office is one of the most widely offered unified communications solutions for minute and midsize groups available in the market nowadays, it mentioned. – TradeArabia information service 


    Avaya Unveils network Switches for minute organizations | killexams.com existent Questions and Pass4sure dumps

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    3000-2 ACSS minute and Medium Enterprise (SME)(R) Communications

    Study pilot Prepared by Killexams.com Avaya Dumps Experts


    Killexams.com 3000-2 Dumps and existent Questions

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    3000-2 exam Dumps Source : ACSS minute and Medium Enterprise (SME)(R) Communications

    Test Code : 3000-2
    Test name : ACSS minute and Medium Enterprise (SME)(R) Communications
    Vendor name : Avaya
    real questions : 118 existent Questions

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    ACSS minute and Medium Enterprise (SME)(R) Communications

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    Firm to boost SMEs capacity through sociable media | killexams.com existent questions and Pass4sure dumps

    By Gabriel Olawale

    A multimedia agency, NixxHash Communication has concluded plans to host its maiden digital training to boost the capacity of minute and Medium Enterprises (SMEs) in Ikorodu locality of Lagos.

    The training, which is slated for Thursday, 27 September, is expected to ameliorate the skills of entrepreneurs through sociable media channels.

    Convener of the training, Mrs Adenike Fagbemi, said the training is tagged, ‘Boost your traffic with sociable media’, a specialized initiative designed for traffic owners where they will subsist groomed on tips to befriend boost their brands viability online.

    Mrs Fagbemi said, the training would subsist accommodating no fewer than 90 businesses within the environs with the point of improving brand management hence making Ikorodu the hub of online businesses.

    She said the training gash across improving online visibility of businesses using sociable media tools and platforms, upgrade entrepreneurs ways of writing engaging contents that will attract customers to their businesses.

    However, the training will feature notable speakers including brand strategists, digital marketing experts, and communication masters, who will give participants anextra insights into taking critical steps in their traffic life cycle in a relaxed atmosphere.

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    Presentation at the event will gash across; structure brands/business from ground plane zero/ before you set aside your traffic online- 5 things you must do, Strategic communications for brands – streets verse cooperate, How to convert online tryst to sales/ how to audit your online presence and convert tryst to sales, keeping your brand apropos over different life cycle


    The revival of L&T Finance Holdings | killexams.com existent questions and Pass4sure dumps

    Dinanath Dubhashi: "All the tough calls were made and no one questioned them."

    In June 2016, when Dinanath Dubhashi took permeate as the managing director and CEO of L&T Finance Holdings (LTFH), succeeding Yashwant Deosthalee who took over as its chairman, the going wasn’t mighty for the NBFC. Its revert on equity (ROE) had fallen to 9 percent after costs had surged int the process of operating a string of businesses that were not generating better returns. And the crowded space it was operating in was pulling the company down: Diversified NBFC rivals such as Bajaj Finance, Aditya Birla Capital, Tata Capital and HDFC had already secured a firm footing and others love Piramal Capital and Housing Finance, IndiaInfoline Finance, ECL Finance (from Edelweiss Group) were vying for business.  

    One of the reasons behind LTFH’s tough journey was that, over the past decade, NBFCs in India grew at a hectic pace, expanding lending activity as several banks, crippled by non-performing assets (NPAs), were unable to lend to segments that needed capital.

    These segments included housing finance (particularly in the affordable segment) amid noiseless low home ownership levels, vehicle finance (new and used vehicles), micro, minute and medium enterprises (MSMEs) finance (an underpenetrated market where less than 50 percent of the credit requirements are being met today by formal fiscal channels love banks and NBFCs) and wholesale financing (which includes big ticket loans towards segments love existent estate, mid-market promoter financing, infrastructure financing that involves a significant quantum of structured debt).

    LTFH, in which the parent company L&T holds a 64.01 percent stake, tried to maintain a finger in each pie between 2011 and 2015. After it became a listed company in 2011, macro-economic conditions in India weakened, thus impacting its lending activity. The company, too, lost its focus after it applied for a banking licence in 2013. “We had started thinking love a bank, when they were not one, and their cost of funds and customers were love an NBFC's,” admits Dubhashi. This led to excess products in which they had no leadership position and a surge in costs as the company expanded.

    Top among Dubhashi’s strategies for getting into shape was trimming down businesses from 21 to just five “right” ones, particularly those businesses where shareholder returns were maximum and the company had a haphazard to climb to the top five in growth and top two in profitability. As a result, LTFH now operates in five verticals—rural, housing and wholesale (infrastructure) lending, and non-loan businesses such as mutual funds and wealth management, through five sunder subsidiaries. “All the tough calls were made and no one questioned  them,” says Dubhashi, who previously worked at BNP Paribas and SBI Caps.

    Dubhashi furthermore introduced the 'Results not reason' programme, where the focus was to achieve milestones. Some of the projects, which were piece of their centres of excellence, are now headed by 30- to 35-year-old mid-level employees with leadership potential. “They maintain been given three- to four-year objectives in terms of targets, but with milestones that they maintain to achieve every three months,” says Dubhashi, who monitors their performance every quarter.

    Besides, the original contrivance involved focussing on “retailisation” of the lending book, shifting focus to high-growth areas of retail finance, including auto and home loans. At present, bucolic lending accounts for 22 percent, housing 24 percent, wholesale finance 53 percent, and 1 percent for de-focussed business.

    Dubhashi aspires to maintain shameful lending businesses (rural, housing and wholesale) at 33 percent each of the bespeak in the next three to four years. Its September 5 sale of its supply chain finance traffic (loan bespeak of ₹800 crore) to Centrum fiscal Services for an undisclosed amount is seen as a step in that direction.

    He has furthermore given a renewed thrust to fee-based income through underwriting and down selling in the lending businesses. The NBFC has seen three-fold climb in its fee income to ₹359 crore, making it less vulnerable to tough traffic cycles.

    The outcome of the course correction? There has been a tangible improvement in the key ratios: Its total loan bespeak is at ₹86,571 crore, its revert on equity has doubled to 18.45 percent as of Q1FY19 and market cap at ₹33,979 crore (on a stock expense of ₹170 on September 4, 2018).

    In Q1FY19, it furthermore calculated its stressed assets (Stage 3 under expected credit losses) at ₹6,480 crore (or 7.93 percent) and provisioning of 62 percent at a consolidated level. obnoxious loans were at 11.7 percent and provisioning lower at 51 percent for the corresponding quarter a year earlier.

    Of the consolidated figure, obnoxious loans in wholesale lending stood at ₹5,058 crore, on which a provisioning of ₹3,200 has been made. Dubhashi is confident that, with aggressive provisioning when its traffic is faring well, the obnoxious loan concern is behind them.

    “ They had started thinking love a bank, when they were not one, and their cost of funds and customers were love an NBFC's.”Dinanath Dubhashi, MD & CEO, LTFH

    In any organisation, it is usually after the cycle of tough decisions that extraneous, non-important things start coming to the fore. But there has been no pulling back. To forestall employees from slackening, Dubhashi launched a campaign towards the quit of 2017, which said '7 quarters is not 10 years'. This has been followed by another one in April 2018, which said 'Basecamp to Mt Everest', a signal to employees that the company is not only far from the peak but is yet to achieve base camp. “Base camp targets maintain been set out for each vertical, which are to subsist met by March 30, 2019,” Dubhashi says.

    There could not maintain been a more apt time for Dubhashi to launch his latest campaign with an eye on the long term. For, despite businesses being in a better shape than what they were two years ago, there are existent concerns that necessity to subsist addressed. And LTHF hasn’t been able to build a firewall yet.

    All NBFCs in the country present pretty much the selfsame suite of products to customers. Bajaj Finance, one of the fastest growing ones, has a focus on consumer durables and SME lending, and follows a strategy of profit partake and not market share, which means the bottom line, rather than just aiming for revenue growth. LTFH, barring infrastructure financing, is noiseless looking to ameliorate its market share.

    Krishnan Sitaraman, senior director (financial sector), Crisil, says: “NBFCs maintain raised ₹40,000 crore of capital in the ultimate five fiscals that has resulted in gearing levels [a company’s debt compared to equity capital] coming down despite the growth. The challenge in the current fiscal for NBFCs is on the liability side.” As interest rates are rising again, so are borrowing costs of NBFCs. But lending rates for some NBFCs maintain not kept pace, particularly in segments love original vehicle loans and home loans where competition from private banks is high.

    LTFH’s largest traffic is towards wholesale lending, which, including its infrastructure debt fund, has a 53 percent partake of the total book. “Wholesale loans are relatively chunkier and carry higher concentration risk with infrastructure lending representing additional construction and execution risk,” says ratings agency ICRA in its August 28 note on LTFH.

    While some of these risks could subsist lessened, considering that the company has shifted towards renewable energy projects and they maintain a tough legacy experience of infrastructure lending, the capacity of the group to manage asset quality—with early warning signals—through different traffic cycles will necessity to subsist watched.  

    High NPAs for LTFH—these are lower for other NBFCs—are due to its existing legacy business. Umang Shah, fiscal analyst at HSBC Securities and Capital Markets, says, “The delay in resolution of stressed assets can withhold LTFH’s credit costs elevated for a epoch longer than expected.” LTFH’s consolidated NPAs stand at 7.93 percent, much higher than peers such as Aditya Birla Capital.

    On the non-loan side, LTFH has diversified by offering mutual funds and wealth management services to befriend retain customers and capture a larger partake of their wallets. This will befriend reduce the company's customer acquisition cost. But each of these businesses will necessity more time to grow.Aditya Birla Capital is already the third largest by average assets under management of ₹2,67,176 crore, while LTHF’s is ₹69,773 crore.

    At this stage, LTFH has a leadership position only in the renewables sector lending, while it ranks second to Mahindra Finance in farm rig finance (which forms piece of bucolic lending). In micro loans, it stands third to Bandhan Bank and Bharat fiscal Inclusion Ltd.

    “L&T Finance does not necessity to maintain a competitive handicap at this stage. They may not subsist market leaders in any segment, but it is fine if they can manage to ameliorate cost of funds. But the problem will emerge later where, if they are not a market leader in sub-segments, they could find it tougher to maintain a stable ROE in individual businesses, not at a consolidated level,” said another analyst with a exotic brokerage said. (LTFH’s cost of funds improved to 8.20 percent in FY18 from 9.20 percent in FY16.)

    A top management source at a compete NBFC said LTFH will necessity to diversify further to start to maintain pricing power [as a market leader] in segments. “It needs to subsist in at least 10 diversified businesses with market leadership in at least three of these, going ahead.”

    Dubhashi understands much of this. He has set out two more goals that shape piece of his Vision 2020 plan. The first is that LTFH’s ROE will not dip below 18 percent. The second is a 'Never again' campaign that he spoke of at an analysts' meet this July, highlighting that the company will never again fade through the loss of aplomb and credibility it saw in earlier years.

    Tough words these. The next several quarters will rule how far LTFH goes.

    (This tale appears in the 26 October, 2018 issue of Forbes India. You can buy their tablet version from Magzter.com. To visit their Archives, click here.)

    Thank you for your comment, they value your persuasion and the time you took to write to us!


    Speech by CS at CUHK EMBA Annual Conference | killexams.com existent questions and Pass4sure dumps

      Speech by CS at CUHK EMBA Annual Conference

    Hong Kong (HKSAR) -      Following is the speech by the Chief Secretary for Administration, Mr Matthew Cheung Kin-chung, at the CUHK EMBA Annual Conference today (October 13):

    Andrew (Programme Co-Director of EMBA of the Chinese University of Hong Kong, Professor Andrew Chan), Gregory(Chairman of the EMBA Annual Conference Organising Committee, Mr Gregory Yuen), Professor Chan (Pro-Vice-Chancellor of the Chinese University of Hong Kong, Professor Chan Wai-yee), ladies and gentlemen,

         honorable afternoon. I am most honoured to relate you shameful at the CUHK EMBA Annual Conference today.

         The label of "Made in Hong Kong" represents a shared vision of the past, present and future generations of Hong Kong. Many of us may noiseless recollect the days in the 60s and 70s when they institute solace in stumbling upon a toy or a shirt labelled "Made in Hong Kong" as they travelled or studied abroad.

         They shameful know how the tale unfolded afterwards.

    Exactly forty years ago, the economic reform of Mainland China took off. As Hong Kong manufacturers gradually moved north, Hong Kong began to transform into a service-oriented economy. During the course of development, they rode out the storm of the 1998 Asian fiscal crisis and survived the 2008 fiscal crisis.

    Nine years on, Hong Kong's GDP grew 3.8 per cent in 2017, much stronger than the average of 2.7 per cent among developed economies. Retail sales rebounded from the slump several years ago and grew 2.2 per cent in 2017. Trade volume grew 8.4 per cent the selfsame year.

    In fact, their merchandise trade volume is three times the size of their GDP - a rarity in the world. Their unemployment rate hit a 20-year low at 2.8 per cent or complete employment this year.

         Today, the service sector accounts for 92.2 per cent of their GDP, supplying 88.2 per cent of shameful jobs in Hong Kong across tourism, fiscal services, logistics, wholesale and retail, and traffic services. Meanwhile, the manufacturing sector accounts for less than 2 per cent of Hong Kong's GDP.

         Some overseas economists phenomenon how Hong Kong's economy could survive over the years with such a minute manufacturing sector while most developed economies noiseless maintain a sizeable merge of manufacturing in their economy.

    On average, manufacturing constitutes 14 per cent of GDP in OECD (Organisation for Economic Co-operation and Development) markets, ranging from 21 per cent GDP in Germany to 11 per cent in the US. Even for minute economies love Singapore, they noiseless retain a manufacturing sector representing 18 per cent of its GDP. 

         Certainly, the vast opportunities offered by the stupendous market in Mainland China are a vast factor that sustains the thriving economy of Hong Kong, but the tremendous efforts that Hong Kong people maintain made to diversify their economy and bolster their competitiveness on the experience gained in the past furthermore play an indispensable role.

    Innovation and Technology 

         The current-term Hong Kong Special Administrative Region (HKSAR) Government is determined to strive for innovation and develop a towering value-added and diversified economy. Innovation and technology (I&T) is crucial to promoting economic development, raising the competitiveness of the city and the attribute of live of its people.

         Over the past two years, they maintain invested over $60 billion for supporting I&T development, including allocating $20 billion for the first-phase evolution of the Hong Kong-Shenzhen Innovation and Technology Park located at the limit with Shenzhen and in an locality known as the Lok Ma Chau Loop, injecting $10 billion into the Innovation and Technology Fund and earmarking $10 billion to uphold the establishment of two research clusters - one on healthcare technologies and another on synthetic intelligence and robotics technologies.

         They furthermore maintain a vibrant I&T ecosystem in Hong Kong.

    We are home to some 100 biotech companies, some 300 fintech businesses and over 2 200 start-ups. In 2017, they attracted about US$1,100 million venture capital. They maintain set a target to double shameful domestic expenditure on R&D (research and development) to 1.5 per cent of GDP by 2022 or $45 billion a year.

    The 2018-19 Budget earmarked over $50 billion to expedite Hong Kong's I&T development. To animate greater corporate investment in R&D, they maintain introduced a super tax deduction for research and evolution spending. The first $2 million eligible R&D expenditure will treasure a 300 per cent tax deduction, and the remainder at 200 per cent.

         While Hong Kong is a service-oriented economy, high-end and towering value-added manufacturing has a promising prospect, following the evolution of I&T and promotion of research and development.

    Indeed, Hong Kong has shameful the qualities needed to promote high-end manufacturing. They maintain world-class I&T facilities, R&D capability, outstanding scientific research talent, financing platforms, geographical location, traffic environment, legal system and a well-developed regime to safeguard intellectual property rights. 

         More importantly, manufacturing has never left us. Home-grown industrialists may maintain moved their factories to Mainland China and other emerging markets but Hong Kong remains the home of their headquarters.

    Many of them maintain grown into global companies and built their own product brands as businesses are passed on to the second or third generation. They are furthermore a key feeder of traffic to minute and medium enterprises (SMEs) in Hong Kong accounting for 98 per cent of companies in the city.

         To capitalise on their experience in manufacturing, they will collaborate with the industry to promote integration of innovative technologies with industrial production and rejuvenate the "Made in Hong Kong" label. To this end, the second Policy Address announced by the Chief Executive just three days ago (October 10) proposes to promote high-end manufacturing through expedition of re-industrialisation.

    We will establish a $2 billion re-industrialisation funding scheme to subsidise manufacturers on a matching basis to set up smart production lines in Hong Kong.

         The Precision Manufacturing Centre established by the Hong Kong Science and Technology Parks Corporation (HKSTPC) in Tai Po Industrial Estate and the Advanced Manufacturing Centre to subsist completed in Tseung Kwan O Industrial Estate will provide the industries with facilities for smart production. This year's Policy Address further recommends allocation of an additional $2 billion for the HKSTPC to identify suitable land in industrial estates for structure manufacturing facilities required by the dedicated advanced manufacturing sector. 

         They believe that high-end manufacturing will generate R&D needs, which is conducive to raising R&D investment by the industries, thus contributing to robust and sustainable evolution of the R&D toil of local universities and research institutes. High-end manufacturing will furthermore provide attribute jobs for local I&T talent, particularly adolescent people, for the long-term evolution of Hong Kong. 

         To cultivate talent to uphold their I&T development, they maintain launched a $500 million Technology Talent Scheme in August this year to recruit talent from outside Hong Kong to carry out research and evolution activities and train their local staff to apply cutting-edge technology for adding value to their businesses.

    The "Postdoctoral Hub" founded under the Scheme provides funding uphold for enterprises to recruit postdoctoral talent for scientific research and product development. The Scheme will furthermore fund local companies on a 2 to 1 matching basis to train their staff in high-end technologies, especially those related to Industry 4.0 through its Reindustrialisation and Technology Training Programme. Response to the schemes has been positive.

    So far, 124 applications under the "Postdoctoral Hub" maintain been approved and 54 applications from the matching accord maintain been granted.

         In parallel, they launched the Talent List ultimate month  to draw in towering attribute talents from shameful over the world in respect of 11 specified professions, including Fintech professionals and Innovation and Technology experts under the attribute Migrant Admission Scheme to uphold Hong Kong's evolution as a "high value-added and diversified economy".

    Creative Industries

         To unleash the potential of their adolescent people and promote emerging industries, the current-term Government has introduced an array of measures to uphold their creative industries. They are not merely a cluster of emerging professions mainly in the design, arts, cultural and communications sectors, but are furthermore a powerhouse that will drive the economy, add value and revitalise the label of "Made in Hong Kong" internationally. From 2005 to 2015, the creative industries grew at an average annual rate of 5.4 per cent.

    It is noteworthy that, the design industry grew 15 per cent a year in the selfsame period. In 2016, it contributed 4.5 per cent to their GDP and employed 212 800 persons.       To promote the evolution of design and other creative sectors, they maintain injected $1 billion into the CreateSmart Initiative, of which $300 million has been earmarked for the Hong Kong Design Centre (HKDC) mainly to fund mega activities. The Government, in collaboration with the Urban Renewal Authority and the HKDC, has secured space in a redevelopment project in the district for establishing a design and mode project to combine design and industry, to bring Hong Kong's mode design evolution to a original level, and to groom adolescent designers. Construction works of the project will soon commence and are expected to subsist completed in 2023-24.

         The film industry, a key sector among the eight creative industries in Hong Kong, does not only enrich their cultural life, but has furthermore successfully built up a brand name for "Hong Kong Films".

         Whilst the global film market has undergone major changes in recent years, and there is a significant decline in the number of local productions, Hong Kong filmmakers are doing well in other markets, and many talented and enthusiastic adolescent people noiseless elect to pursue their career in the film industry.

         They believe that there is tough potential for their film industry to prosper.

    It is famous for the Government to toil closely with industry players to spin challenges into opportunities so that Hong Kong films can shine again. To this end, this year's Policy Address has just announced to acquire a one-off injection of $1 billion into the Film evolution Fund to uphold initiatives for boosting the evolution of their film industry in the next few years. They will realise this vision through measures under the following four broad directions, including nurturing talent, enhancing local production, promoting the brand of "Hong Kong Films" to more markets on the Mainland and overseas and structure local audience.

         To strengthen further their uphold for Hong Kong-based businesses in tapping overseas markets, they maintain enhanced two funding schemes administered by the Trade and Industry Department, namely, the SME Export Marketing Fund and the "Dedicated Fund on Branding, Upgrading and Domestic Sales" or the BUD Fund.

    The SME Export Marketing Fund aims to animate minute and medium enterprises to expand their markets outside Hong Kong by providing fiscal assistance to them for participation in export promotion activities. To enhance uphold to SMEs in exploring original markets and original traffic opportunities, they maintain injected $1 billion into the Fund, raised the cumulative funding ceiling for enterprises and relaxed the limitation on the types of eligible marketing activities since August this year. 

         In parallel, they maintain injected another $1.5 billion into the BUD Fund which aims to provide funding uphold to individual Hong Kong enterprises in undertaking projects to develop brands and restructure their traffic operations and promote sales on the Mainland market and ASEAN (Association of Southeast Asian Nations) market. To befriend SMEs, including start-ups, grasp economic opportunities and boost their competitiveness, they maintain extended the geographical scope of the BUD Fund to comprehend the Association of Southeast Asian Nations markets by launching the "ASEAN Programme" and multiply the cumulative funding ceiling per enterprise for projects involving the Mainland market.

    Belt and Road and Greater Bay Area

         There is much more to partake on the toil that the HKSAR Government has undertaken to maintain their competitiveness and boost Hong Kong's brand.

    The key policy initiatives that I would love to consume the remaining time to cover are the stupendous opportunities for Hong Kong to seize in the evolution of the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay locality (Greater Bay Area). These two national evolution strategies will maintain a direct mien on the future of Hong Kong's economy and will open up opportunities for us to achieve original heights.  

         Their city's growth potential is intertwined with that of their Motherland - the world's second largest economy.  Hong Kong's strengths as a well-connected global traffic and fiscal hub will play an famous piece in these far-reaching economic initiatives.

         The Greater Bay locality aims to unleash the economic potential of the cluster of 11 cities in the Pearl River Delta region, including Hong Kong, Macao and nine cities in Guangdong Province. Hong Kong has a key role to play in the Greater Bay locality given their tough global connectivity, well-established institutional strengths, and competitive edges in trade, finance, innovation, and legal services.

    We provide an famous platform for Mainland enterprises to fade global and overseas investments to penetrate the huge and lucrative China market.

         To set aside the scale of this evolution into perspective, the Greater Bay locality covers a population of nearly 70 million, similar to that of the UK; generates GDP of around UK$1.2 trillion, over half that of the UK or the size of Korea and Australia and spans an locality of 56 000 square kilometres. The Greater Bay locality is thus a huge market in its own right.

         Brand original mega transport infrastructure, including the Guangzhou-Shenzhen-Hong Kong Express Rail Link  and the Hong Kong-Zhuhai-Macao Bridge will significantly reduce travel time, gash costs, promote connectivity and boost the stream of capital, talents, goods, traffic and information in the region.

         Just ultimate month, the Guangzhou-Shenzhen-Hong Kong Express rail came on stream. The "Vibrant Express", as the sophisticated trains are most fittingly named, links vibrant Hong Kong to the mainland's state-of-the-art express rail network covering more than 25 000 kilometres, including services to Guangzhou in 48 minutes and Beijing in less than nine hours.

    Meanwhile, the impressive Hong Kong-Zhuhai-Macao Bridge is expected to spring to life soon. It is the world's longest bridge-tunnel sea crossing, spanning 42 kilometres across the Pearl River Estuary linking Hong Kong with Zhuhai and Macao.    

         Meanwhile, construction toil of the third runway system is underway at Hong Kong International Airport at Chek Lap Kok. Their airport is the world's largest air cargo hub (handling 4.94 million tonnes of cargoes in 2017) and one of the busiest for passengers (handling 72.9 million in 2017).

    Once the Three-Runway System takes off in 2024, their airport will subsist able to wield altogether nine million tonnes of air cargo and over 100 million passengers annually.

         These mega infrastructure projects will further consolidate Hong Kong's pivotal role in the Greater Bay locality for many years to come. In fact, the Greater Bay locality is furthermore a key link to the far-reaching Belt and Road Initiative, serving as a converging point for flows of trade, investment and talent between Mainland China, Southeast Asia and shameful the pass to Europe.

         The Belt and Road Initiative is a mammoth national strategy, promoting land, sea, energy, fiscal and cultural links among more than 60 countries in Asia, Africa and Europe. These countries account for about 31 per cent of global GDP and 33 per cent of global merchandise trade.

         Since its inception in 2013, the Belt and Road Initiative has made headway under the watch of the world.

    More than 100 countries and international organisations maintain joined in. By the first half of 2018, trade volume between Mainland China and Belt and Road countries exceeded US$600 billion, while their country's outward fiscal investment amounted to over US$7 billion. Chinese firms maintain built more than 80 overseas economic and trade co-operation zones, with a total investment of more than US$25 billion, creating over 244 000 jobs. 

         Hong Kong is destined to play an famous role in the evolution of the Belt and Road Initiative.

    As a highly open economy with extensive connections and international experience, Hong Kong is the freest market, allowing free stream of capital, goods, talent and information while keeping nearby ties with their Motherland.

         In December ultimate year, they signed the "Arrangement between the National evolution and Reform Commission and the Government of the Hong Kong Special Administrative Region for Advancing Hong Kong's complete Participation in and Contribution to the Belt and Road Initiative".  

         The Arrangement allows us to give complete play to their unique advantages under "one country, two systems" to contribute to their country and, at the selfsame time, seize the opportunities brought by the Initiative to give original impetus for their economic growth. The apropos measures will befriend reinforce and elevate Hong Kong's position as international financial, transport and trade centres, promote partnership between Mainland and Hong Kong enterprises, spawn the exact for Hong Kong's professional services and present their home-grown talents with promising prospects, thus enhancing the upward mobility of their younger generations. 

         Hong Kong enterprises and professionals are already participating in quite a number of projects in regions along the Belt and Road. Notable examples comprehend the metro system in Saudi Arabia, airports in Cambodia and Sri Lanka, power plants in Thailand and Vietnam as well as a blow management system in Bangladesh.

    This testifies to their professional and project management capabilities in delivering world-class professional services that are "Made in Hong Kong" across the globe.

         Ladies and gentlemen, the Chief Executive, Mrs Carrie Lam, just announced the second Policy Address of the current-term Government, which set out 244 original initiatives and 470 on-going initiatives to propel Hong Kong forward. They will continue to accomplish the roles as "facilitator" and "promoter" to proactively foster Hong Kong's long-term economic and sociable development, provide more land for housing and future economic activities, reinforce Hong Kong's advantages by stepping up investment in education, as well as innovation and technology, scale up their established industries, ameliorate people's subsistence and promote attribute living. Their point is for the Government to relate hands with the total community to strive ahead and build a future complete of hope and opportunities.

         Before I conclude, let me acquire a declaration- I am a bona fide "Made in Hong Kong" product.

    I am a third-generation Hong Kong Chinese born, brought up, reared and educated in Hong Kong. I joined the Hong Kong Government perquisite after graduating from the University of Hong Kong in 1972, and maintain served people of Hong Kong continuously for over 46 years so far with one heart, one intellect and one purpose. Indeed, I am not only truly "Made in Hong Kong" but furthermore "Made by Hong Kong", "Made of Hong Kong" and "Made for Hong Kong".

         On this philosophical and personal note, I wish the Conference every success and shameful of you a very rewarding discussion.

    Thank you very much. 

    Published on: 2018-10-13

    Limited copyright is granted for you to consume and/or republish any tale on this site for any legitimate media purpose as long as you reference 7thSpace and any source mentioned in the tale above. gladden acquire certain to read their disclaimer prior to contacting 7thSpace Interactive. To contact their editors, visit their online helpdesk. If you wish submit your own press release, click here.

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    Financial [36 Certification Exam(s) ]
    Food [4 Certification Exam(s) ]
    Fortinet [12 Certification Exam(s) ]
    Foundry [6 Certification Exam(s) ]
    FSMTB [1 Certification Exam(s) ]
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    GuidanceSoftware [2 Certification Exam(s) ]
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    Hitachi [30 Certification Exam(s) ]
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    HP [746 Certification Exam(s) ]
    HR [4 Certification Exam(s) ]
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    Huawei [21 Certification Exam(s) ]
    Hyperion [10 Certification Exam(s) ]
    IAAP [1 Certification Exam(s) ]
    IAHCSMM [1 Certification Exam(s) ]
    IBM [1530 Certification Exam(s) ]
    IBQH [1 Certification Exam(s) ]
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    IEEE [1 Certification Exam(s) ]
    IELTS [1 Certification Exam(s) ]
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    McAfee [8 Certification Exam(s) ]
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    Medical [69 Certification Exam(s) ]
    Microsoft [368 Certification Exam(s) ]
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    Military [1 Certification Exam(s) ]
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    NCLEX [2 Certification Exam(s) ]
    Network-General [12 Certification Exam(s) ]
    NetworkAppliance [36 Certification Exam(s) ]
    NI [1 Certification Exam(s) ]
    NIELIT [1 Certification Exam(s) ]
    Nokia [6 Certification Exam(s) ]
    Nortel [130 Certification Exam(s) ]
    Novell [37 Certification Exam(s) ]
    OMG [10 Certification Exam(s) ]
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    Pegasystems [11 Certification Exam(s) ]
    PEOPLECERT [4 Certification Exam(s) ]
    PMI [15 Certification Exam(s) ]
    Polycom [2 Certification Exam(s) ]
    PostgreSQL-CE [1 Certification Exam(s) ]
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    PTCB [2 Certification Exam(s) ]
    QAI [1 Certification Exam(s) ]
    QlikView [1 Certification Exam(s) ]
    Quality-Assurance [7 Certification Exam(s) ]
    RACC [1 Certification Exam(s) ]
    Real-Estate [1 Certification Exam(s) ]
    RedHat [8 Certification Exam(s) ]
    RES [5 Certification Exam(s) ]
    Riverbed [8 Certification Exam(s) ]
    RSA [15 Certification Exam(s) ]
    Sair [8 Certification Exam(s) ]
    Salesforce [5 Certification Exam(s) ]
    SANS [1 Certification Exam(s) ]
    SAP [98 Certification Exam(s) ]
    SASInstitute [15 Certification Exam(s) ]
    SAT [1 Certification Exam(s) ]
    SCO [10 Certification Exam(s) ]
    SCP [6 Certification Exam(s) ]
    SDI [3 Certification Exam(s) ]
    See-Beyond [1 Certification Exam(s) ]
    Siemens [1 Certification Exam(s) ]
    Snia [7 Certification Exam(s) ]
    SOA [15 Certification Exam(s) ]
    Social-Work-Board [4 Certification Exam(s) ]
    SpringSource [1 Certification Exam(s) ]
    SUN [63 Certification Exam(s) ]
    SUSE [1 Certification Exam(s) ]
    Sybase [17 Certification Exam(s) ]
    Symantec [134 Certification Exam(s) ]
    Teacher-Certification [4 Certification Exam(s) ]
    The-Open-Group [8 Certification Exam(s) ]
    TIA [3 Certification Exam(s) ]
    Tibco [18 Certification Exam(s) ]
    Trainers [3 Certification Exam(s) ]
    Trend [1 Certification Exam(s) ]
    TruSecure [1 Certification Exam(s) ]
    USMLE [1 Certification Exam(s) ]
    VCE [6 Certification Exam(s) ]
    Veeam [2 Certification Exam(s) ]
    Veritas [33 Certification Exam(s) ]
    Vmware [58 Certification Exam(s) ]
    Wonderlic [2 Certification Exam(s) ]
    Worldatwork [2 Certification Exam(s) ]
    XML-Master [3 Certification Exam(s) ]
    Zend [6 Certification Exam(s) ]





    References :


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