Latest news with #AmCham
Korea Herald
2 days ago
- Business
- Korea Herald
AmCham welcomes President Lee Jae-myung, vows stronger Korea-US business ties
The American Chamber of Commerce in Korea on Wednesday released an official statement congratulating Lee Jae-myung on his election as the 21st president of the Republic of Korea. AmCham expressed optimism that under President Lee's leadership, Korea will enter a new phase of economic growth and innovation. With both Korea and the United States undergoing significant political transitions, AmCham emphasized the importance of deepening bilateral economic cooperation. 'On behalf of the US business community, I sincerely congratulate President Lee,' said AmCham Chairman James Kim. 'His leadership and vision mark an important turning point for Korea's future. "We look forward to strengthening the Korea-US economic partnership through close collaboration with the new administration.' Kim also highlighted past engagements with Lee, including discussions on support for small and medium enterprises, liquefied natural gas cooperation with Alaska and efforts to attract foreign investment. 'Through every meeting, I was impressed by his forward-looking mindset, openness to innovation and unwavering commitment to enhancing Korea's global competitiveness."
Zawya
26-05-2025
- Business
- Zawya
El-Khatib participates in US-Egypt Policy Leaders Forum
Arab Finance: Minister of Investment and Foreign Trade Hassan El-Khatib has participated in the US-Egypt Policy Leaders Forum, organized by the American Chamber of Commerce (AmCham) in Egypt, as per a statement. The forum gathers leaders from major American companies operating in Egypt and the region, as well as several government officials and private sector representatives. El-Khatib noted that this forum represents an important platform for boosting the economic partnership between Egypt and the US, establishing new bridges of cooperation in light of rapid global changes. Egypt has witnessed a qualitative shift in infrastructure development over the past decade, including the establishment of new cities, road networks, ports, and airports, in addition to energy projects, El-Khatib added. The minister highlighted that these developments secured a more competitive and attractive environment for local and foreign investment. Additionally, he noted that the state is currently working to implement a package of financial, monetary, and commercial reforms that ensure transparency and promote growth. For the first time, El-Khatib announced a comprehensive inventory of all fees and non-tax financial burdens imposed on investors. This aims to reduce burdens and improve governance and transparency. This reform is being implemented in two phases, with the first focusing on burdens imposed on all sectors. This includes fees for the Training and Qualification Fund, which has been amended under the Labor Law to 0.25% of the minimum insurance wage, instead of 1% of net profit. Meanwhile, the second phase aims to reduce non-tax financial burdens, restructure the financial relationship between the state and the investor, while clarifying the investor's rights and obligations towards the state during the investment period. The minister also announced the launch of a temporary platform for investment licensing in the coming days, adding that the platform will include 389 services and electronic licenses in its first phase. Later on, the "Economic Entities" platform will be launched to cover the entire project lifecycle, from inception through licensing to operation. As for foreign trade, he stated that the government aims to double exports to reach 20% of gross domestic product (GDP). © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Yahoo
19-05-2025
- Business
- Yahoo
Visium Technologies Secures Landmark $20 Million Contract for National Data Centers in West Africa
Contract Announced at AmCham Business Summit FAIRFAX, VIRGINIA / / May 19, 2025 / Visium Technologies, Inc. ("Visium" or the "Company") (OTC PINK:VISM), a global leader in cybersecurity, advanced analytics, and AI-driven situational awareness, celebrated today the announcement of its $20 million contract with Cybastion Institute of Technology to support the development of National Data Centers in the Republic of Côte d'Ivoire and the Republic of Benin. This long-awaited milestone, announced at the prestigious AmCham Business Summit, marks a transformative step forward for Visium and the region's digital future. The contract was announced during the AmCham Business Summit in Abidjan on May 14, a key event hosted by the U.S. Chamber of Commerce's U.S.-Africa Business Center. The summit, themed "Strengthening U.S. Business Partnerships with Africa," brought together business executives, international organizations, and senior government officials to advance U.S.-Africa partnerships and foster economic growth across the continent. A link to the news release on the US Embassy website can be found here: Under this landmark contract, Visium will deliver full lifecycle services, including architectural design, project management, and deployment of cutting-edge infrastructure for the data centers. The company will design advanced solutions for power distribution, rack layouts, and secure network topologies, while implementing a comprehensive cybersecurity stack. Emphasizing energy efficiency, system scalability, and top-tier physical and cyber protection, Visium will also provide ongoing training and operational support to local personnel, ensuring sustainable management of these critical facilities. "We are incredibly proud to have our partnership announced at the AmCham Business Summit," said Mark Lucky, CEO of Visium. "By uniting Visium's expertise with our partner Cybastion's deep regional insight, this contract represents not just a significant business achievement-it's an opportunity to drive technological advancement and economic growth in West Africa. We're thrilled to bring our expertise to this region and collaborate with our partners to build state-of-the-art data centers that will power progress for years to come." The announcement follows a high-profile visit by Senior Bureau Official Troy Fitrell to Côte d'Ivoire from May 12-14, 2025, where he underscored the United States' commitment to deepening commercial ties with Africa. The National Data Centers are poised to revolutionize the digital landscape in Côte d'Ivoire and Benin, providing a robust foundation for government services, businesses, and innovation. This contract aligns with the U.S. Government's newly unveiled Commercial Diplomacy Strategy for Sub-Saharan Africa, reinforcing Visium's role in fostering sustainable development across the continent. About Visium Technologies, Technologies (OTC PINK:VISM) is a cyber security solutions and technology solutions provider that uses generative artificial intelligence and graph database technology to deliver an analytics-driven, risk-based approach to cybersecurity, providing context to data so that users can make intelligent decisions in real time. The Company's world class TruContext technology provides visualization, advanced cyber monitoring intelligence, data modeling, analytics, and automation to help reduce risk, simplify cyber security, and deliver better security outcomes. TruContextT plugs the gaps left by other security tools. For more information please visit and our YouTube Channel. Contact: Visium Technologies, Mark Lucky, Chief Executive OfficerIR@ Follow us on Twitter and Instagram Twitter | Instagram Corporate Office:4094 Majestic Lane Suite 360Fairfax, VA 22033Phone: 703-273-0383 Safe Harbor Statement: Under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements that reflect management's current views with respect to future events and performance. These forward-looking statements are based on management's beliefs and assumptions and information currently available. The words "believe," "expect," "anticipate," "intend," "estimate," "project" and similar expressions that do not relate solely to historical matters identify forward-looking statements. Investors should be cautious in relying on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed in any such forward-looking statements. These factors include, but are not limited to, those factors described in our filings with the U.S. Securities and Exchange Commission. Any responsibility to update forward-looking statements is expressly disclaimed. SOURCE: Visium Technologies, Inc. View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New Straits Times
18-05-2025
- Business
- New Straits Times
Economic resilience bolsters US investor confidence in Malaysia
KUALA LUMPUR: Malaysia's economic growth of 4.4 per cent in the first quarter of 2025 (1Q 2025) is a positive indicator of resilience and broadly reflects the stable business environment experienced by members of the American Malaysian Chamber of Commerce (AmCham). In a statement to Bernama, AmCham chief executive officer Datuk Siobhan Das said the US business community continues to view Malaysia as a strategic hub in the region, and this momentum reinforces a positive investment outlook. She highlighted that the strong bilateral ties between Malaysia and the United States — built over more than five decades — remain vital, and the association anticipates continued US investment in Malaysia. "We also anticipate Malaysian corporate investment into the US to grow on the back of the strong gross domestic product (GDP) numbers," she added. Das noted that while GDP performance is one of many yardsticks used by US multinationals, their investment outlook is largely influenced by the ease of day-to-day operations. "What drives operational and growth decisions for US multinationals is the day-to-day experience, ensuring their business activities are not hampered by administrative bureaucracy and outdated, frequently changing rules and regulations. "Although economic indicators remain relevant, long-term American investments also depend on Malaysia's competitiveness within global value chains," she said. She noted that flexibility and adaptability to business models are critical, especially when companies need to shift production capacity quickly. This requires assurance that this can be done efficiently, cost-effectively, and simplicity in compliance with local regulations. Yesterday, Bank Negara Malaysia (BNM) announced that the Malaysian economy expanded by 4.4 per cent in 1Q 2025, driven by sustained household spending supported by favourable labour market conditions and government policies. BNM Governor Datuk Seri Abdul Rasheed Ghaffour said the 1Q expansion was further supported by steady investment activity and continued export growth, particularly in the electrical and electronics sector and tourism.
Korea Herald
15-05-2025
- Business
- Korea Herald
AmCham, KOTRA partner to boost bilateral economic ties
The American Chamber of Commerce in Korea signed a memorandum of understanding with the Korea Trade-Investment Promotion Agency on Thursday to enhance trade, investment and regulatory cooperation between Korea and the US. Through the agreement signed at the KOTRA headquarters in Seoul, the two organizations will form a joint working-level committee to identify and address key regulatory challenges based on AmCham's annual reports and member input. AmCham and KOTRA will also co-host regular events such as briefings, roundtables, exhibitions and export consultations, while seeking new areas for bilateral collaboration. The agreement builds on the findings of AmCham's '2025 Business Environment Insight Report: APEC Special Edition,' which highlighted approximately 70 unresolved or emerging regulatory issues across 12 key industries including aerospace, pharmaceuticals, energy and the digital economy. 'This MOU lays important groundwork for enabling strategic economic collaboration,' said AmCham CEO James Kim. 'It represents a key step forward in reducing nontariff barriers, strengthening Korea's position as a premier regional business hub, and ensuring the success of APEC 2025.' KOTRA President and CEO Kang Kyung-sung added to the statement, expressing his hope that the partnership will support Korean small and midsized enterprises entering the US market and strengthen business ties between the two countries.
