Multinational clients are rethinking global supply chains amid tariff turbulence: Citi
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CNA
16 hours ago
- CNA
HGC Appoints Argon Ho as Chief Commercial Officer of Group ICT Business
HONG KONG SAR - Media OutReach Newswire - 20 August 2025 - HGC Global Communications ("HGC" or the "Group"), a fully-fledged ICT service provider and network operator with extensive global coverage, today announced the appointment of Argon Ho as Chief Commercial Officer – Group ICT Business, with immediate effect. In this role, Argon will oversee the Group's ICT organisation and enhance ICT spread out — driving the Group horizontal growth across cybersecurity, digital solutions and cloud through AI, while pursuing project-based vertical penetration within existing accounts and into new markets, and concurrently expanding HGC's international footprint. With over 30 years in ICT, Argon is a widely recognised leader in Greater China's technology market, especially in enterprise software and applications. His extensive expertise spans strategic planning, cyber security, and data governance. Prior to joining HGC, he honed through tenures as Managing Director of Check Point Software Technologies for the Greater China Region and General Manager at Cisco Hong Kong and Macau. Beyond his corporate achievements, Argon actively contributes to the community through advisory and directorial roles in organizations such as the Institute of Big Data Governance, the eHealth Consortium, and the Senior Citizen Home Safety Association, among others. In his new role, Argon will champion the growth of ICT business by accelerating the adoption of cutting-edge technologies, simplifying digital transformation for clients, and delivering AI empowered ICT solutions and platform that meet the evolving needs of mass market, corporate and SME customers. Argon will also support corporate customers in expanding their business overseas seamlessly by leveraging the Group's regional strengths. Additionally, he will drive the Group regional expansion by strengthening system integration and enhancing ICT and digital solutions locally and internationally. Andrew Kwok, Chief Executive Officer of HGC, said, "We are delighted to welcome Argon to HGC. His expertise and leadership will help advance our ICT strategies and support the Group's continuous growth in the region. Argon's appointment reinforces our focus on expanding our ICT business and achieving our goal of advancing global connectivity and innovation. We are confident that, under Argon's leadership, our ICT business will reach new heights, unlock future growth opportunities and further enhance our competitiveness in dynamic markets." Argon Ho, Chief Commercial Officer – Group ICT Business at HGC, said, "I am honored to join HGC and its dynamic and innovative team. Leveraging the Group's robust regional infrastructure, strong ecosystem partnerships, and pool of top talent, we are well-positioned to harness emerging technologies like AI to deliver customized ICT solutions that empower clients at every level on their digital transformation journey. Moving forwards, we will focus on AI integration, cybersecurity, and regional expansion, to drive the continued growth of our ICT business and reinforce HGC's reputation as a leading provider of innovative ICT solutions." The issuer is solely responsible for the content of this announcement. About HGC Global Communications Limited HGC Global Communications Limited (HGC) is a leading Hong Kong and international telecom operator and ICT solution provider. The company owns an extensive network and infrastructure in Hong Kong and overseas and provides various kinds of services. HGC has 20 global offices and staff presence in 33 cities worldwide. It provides telecom infrastructure service to other operators and serves as a service provider to corporate and households. The company provides full-fledged telecom, data centre services, ICT solutions and broadband services for local, overseas, corporate, SME and mass markets. HGC owns and operates an extensive fibre-optic network, five cross-border telecom routes integrated into tier-one telecom operators in mainland China and connects with hundreds of world-class international telecom operators. The company is committed to further investing and enriching its current infrastructure and, in parallel, adding on top the latest technologies and developing its infrastructure services and solutions. In 2019, HGC Group completed the acquisition of Macroview Telecom Limited (Macroview), a leading digital technology solution and managed services provider. The addition of Macroview further accelerates HGC Group's digital transformation path and positioning as a pioneering ICT and digital services leader. HGC is a portfolio company of I Squared Capital, an independent global infrastructure investment manager focusing on energy, utilities, transport, social infrastructure, digital infrastructure, and environmental infrastructure in North America, Europe, Latin America and Asia.
CNA
a day ago
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CNA938 Rewind - Stock take today: Intel's twin lifeline, the bubble risk in tech
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CNA
a day ago
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Japan's exports fall more than expected in July on US tariff pressures
TOKYO: Japan's exports dropped for a third straight month in July, government data showed on Wednesday (Aug 20), as US tariffs continued to weigh on manufacturers, raising concerns about the outlook for the country's export-reliant economy. The outcome follows unexpectedly strong growth in gross domestic product (GDP) in the April-June quarter, separate data showed last week, fuelled by surprisingly resilient exports and capital expenditure. Total exports from the world's fourth-largest economy dropped 2.6 per cent year-on-year in July in value terms, more than a median market forecast for a 2.1 per cent decrease and following a 0.5 per cent drop in June. Exports to the United States in July fell 10.1 per cent from a year earlier, while those to China were down 3.5 per cent, the data showed. Imports in July dropped 7.5 per cent from a year earlier, compared with market forecasts for a 10.4 per cent fall. As a result, Japan ran a deficit of 117.5 billion yen (US$795.4 million) in July, compared with a forecast of a 196.2 billion yen surplus. The United States imposed 25 per cent tariffs on automobiles and auto parts in April and threatened 25 per cent levies on most of Japan's other goods. It later struck a trade deal on Jul 23 that lowered tariffs to 15 per cent in exchange for a US-bound US$550 billion Japanese investment package. The agreed tariff rate on automobiles, Japan's largest export sector, is still far higher than the original 2.5 per cent, exerting pressure on major automakers and parts suppliers. Japanese automakers have mostly absorbed additional tariff costs by cutting prices to protect shipment volumes. But economists expect them to eventually pass on costs to US consumers, which could hamper their sales in the US market.
