Business

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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Xiaomi is said to seek at least $50 billion valuation in IPO

Xiaomi Corp., the Chinese smartphone maker that was once the most valuable startup in the world, is in talks with investment banks about a possible initial public offering and seeking a valuation of at least $50 billion, according to people familiar with the matter.The Beijing-based company is considering an offering as soon as next year with banks suggesting Hong Kong as the most likely destination, said the people, requesting not to be named because the matter is private.

5 December 2017
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Indonesia’s Run island : Manhattan’s tropical borough

Glamorous Manhattan was once a swampy pit that was traded for a tiny island in the vast Banda Sea of Indonesia.350 years ago, the Banda Islands were once at the heart of the world’s biggest trade – spices. Historically known as the Spice Islands, they comprise of 10 smaller specks and have a population of just 15,000 people.During this time in history, the Banda Islands had a monopoly of the prized nutmeg that was valued more than gold where they saw an increase of 32,000% in price.

21 November 2017
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Singapore rolls out tough measures to keep roads car-free

In the battle against the car, space-starved Singapore has deployed road tolls, massive spending on public transport, and a licence fee that bumps the cost of an average vehicle to over 80,000 dollars.But urban planners looking for solutions to gridlock may find the draconian measures hard to replicate in other less-compliant cities.Singapore has gone further than any other major city to avoid the monster jams that have blighted Asian metropolises such as Jakarta or Manila.The tough approach

20 November 2017
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Singapore seafood hawkers to go head-to-head in stock market

Singapore seafood hawkers have been competing for decades in the city-state’s notoriously cutthroat culinary scene. Now they’re vying for the favor of stock market investors.No Signboard Holdings Ltd., known for its signature white pepper crab dish, started taking orders this week for an initial public offering that could value the company at as much as 95 million dollars.

9 November 2017
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Diving deep into virtual reality

Just as the term suggests, Virtual Reality (VR) technology combines both "reality" and "virtual" experiences using a three-dimensional, computer generated environment which can be explored by a user. The user becomes part of this virtual world or is immersed within this environment and whilst there, is able to manipulate objects or perform a series of actions. While some may be unfamiliar with this technology, VR has in fact been around for decades.

8 November 2017
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Vietnam relies on Facebook to kick-start businesses

Quang Dang built a business with 200 staff selling lipstick and perfume. His secret to success? Once-banned Facebook.Like a growing number of Vietnamese, the 25-year-old turned to Facebook to put money in his pocket as getting his own physical shop proved out of reach. With just 223 dollars in savings, the high school educated entrepreneur got his start hawking cosmetics to friends on the social network.Vietnam has a complicated relationship with the social network.

8 November 2017
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