Business

Upskilling ASEAN’s workforce

Technological disruption will significantly affect ASEAN’s workforce, driving growth and creating new demand for workers. Based on a 2018 study, ‘Technology and the future of ASEAN jobs’ by technology company Cisco and Oxford Economics Data, 6.6 million jobs will become redundant by 2028 across the six largest ASEAN economies – Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.

11 February 2020
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Jokowi: Hello AI, goodbye civil servants

While President Joko “Jokowi” Widodo may have shocked some Indonesians on Thursday when he announced the government wants to replace some civil service positions with artificial intelligence (AI), the idea of using AI to streamline government processes is increasingly gaining prominence across the world.Intent on starting his second five-year term with a solid push to cut red tape and encourage more investment, Jokowi instructed his ministers to reduce the ranks of Indonesia’s public servants

29 November 2019
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Digital transformation and China’s businesses

China’s digital transformation is touted by many economists and trade experts as the single largest contributor to the country’s gross domestic product (GDP) growth between now and 2025. That explains why most companies in China are transitioning from traditional ways of doing business to more efficient digitised business models. This transition is precipitating many changes, most notable of them all being the adoption of a customer-centric management style.

9 November 2019
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The 'VIP packages' enticing Vietnamese to UK

For up to US$50,000, Vietnamese migrants can get the "VIP package" to Britain - flight, fake passport and even a lawyer - illegal, but billed as safer than cheaper overland routes by people smugglers who provide a menu of options for those trying to reach the UK.Details of well-oiled smuggling routes spanning Vietnam to Europe have come under renewed scrutiny after 39 people were found dead in a truck in Britain. Initially identified as Chinese, many are now believed to be

29 October 2019
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Easier to do business in the Philippines

Getting business done in the Philippines has just become a whole lot easier.Jumping 29 spots in the World Bank’s Doing Business 2020 study – the biggest mover in ASEAN – the Philippines can attribute its rise from 124th to 95th to a variety of factors. Thailand and Myanmar were Southeast Asia’s other big movers after both shifted up six spots, while Singapore remains the best Southeast Asian nation in second.Released yesterday, the study is the 17th in an annual series that

25 October 2019
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Vietnam: ASEAN’s best country to invest in

Offering investment opportunities in everything from zippers to bullet trains, Vietnam has long been recognised as a hub for foreign direct investment (FDI) – and a recent report has just confirmed that.The United States (US) News and World Report last month ranked Vietnam eighth in a list of 29 best economies to invest in, and the next closest ASEAN countries on the list were Malaysia (13th), Singapore (14th) and Indonesia (18th).

11 October 2019
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Can reverse mentoring help ASEAN’s workforce?

Reverse mentoring was a concept popularised by Jack Welch, former CEO of General Electric (GE) in 1999. His pilot project involved the pairing of 500 senior and junior employees, where the latter would teach the former on the advances of technology.

3 September 2019
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Upskilling for the future

Technological disruption will significantly affect ASEAN’s workforce, driving growth and creating new demand for workers. Based on a 2018 study, ‘Technology and the future of ASEAN jobs’ by technology company Cisco and Oxford Economics Data, 6.6 million jobs will become redundant by 2028 across the six largest ASEAN economies – Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.

4 August 2019
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Easy to do business in ASEAN?

TMF Group, a multinational professional services firm headquartered in Amsterdam, recently released its Global Business Complexity Index 2019 report.While the report looks at how easy it is to do business in 76 different countries around the world, it also shows just how diverse ASEAN can be with two member states positioned on opposite ends of the business-friendly ladder.

20 June 2019
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ASEAN economic integration

While calling to mind a broken record, the constant extolling of the ASEAN economic framework by external parties is warranted. The establishment of the ASEAN Economic Community (AEC) in 2015 has opened up numerous business opportunities for the regional community with its vision of ASEAN as a single market and production hub characterised by the free flow of goods, services, and investments, as well as a more liberal movement of capital and skills.

9 May 2018
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The meaty side of climate change

Last year, three of the world’s largest meat companies – JBS, Cargill, and Tyson Foods – emitted more greenhouse gases than France, and nearly as much as some big oil companies. And yet, while energy giants like Exxon and Shell have drawn fire for their role in fueling climate change, the corporate meat and dairy industries have largely avoided scrutiny.

20 December 2017
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