Schneider Electric’s extensive use of Industrial Internet of Things (IIoT) technologies in its factory in Batam has earned it the distinction of being one of the first two factories in ASEAN to join the World Economic Forum’s (WEF) Global Lighthouse Network.A French multinational company, Schneider Electric specialises in energy management and automation and has operations in more than 100 countries.
Social institutions such as education, healthcare and public housing services play a key part in a country’s soft infrastructure. Apart from roads, bridges, airports and other hard infrastructure projects needed to sustain growth across the region, soft infrastructure initiatives are just as crucial in developing knowledge, innovation and technical know-how.As a whole, the region has prospered over the past two decades with the “manufacturing for export” strategy as the main pillar i
Thailand’s Ministry of Education recently revealed that it would push for the inclusion of a third language: coding (computer programming language) into its school curriculum. Deputy Education Minister Kalaya Sophonpanich was responding to the proposal of teaching coding at schools from Future Forward MP Kulthida Roongruangkiat during the debate on the government’s policy statement.
Creating new products, processes and ideas, innovators are at the forefront of development and progress. Be it a corner-shop or a multinational company, businesses that innovate are able to attract the best talent, increase revenues, scale up more efficiently and grab bigger shares of their respective markets.The best innovators are able to capture a niche market and help their brand stand out by meeting their customers’ ever-changing needs – key to any business’ longevity.
Many ASEAN citizens would consider moving to Singapore for better opportunities. This was what the recent RGF International Recruitment’s Talent in Asia 2019 report found when it compiled data via a targeted survey completed in March. The survey gathered responses from more than 3,500 job seekers and candidates across six ASEAN countries as well as India, mainland China, Japan, Hong Kong and Taiwan.
Indonesia has a serious issue as far as meeting the challenges of the Fourth Industrial Revolution go. The quickly evolving landscape and potential demands on the country’s workforce is shaping into a real concern.
Singapore’s status as the world’s most competitive economy in the IMD (International Institute for Management Development) World Competitiveness Rankings is not the only thing ASEAN can be proud of.While Singapore dethroned the United States (US) to stand atop the annual rankings for the first time since 2010 as Hong Kong remained second, the four other ASEAN countries in the list of 63 economies also performed strongly.
Sandvik Coromant’s “digital thread” which spans throughout its factory in Gimo, Sweden, has seen it win international recognition from the World Economic Forum (WEF). Part of Swedish global industrial engineering group Sandvik, Sandvik Coromant is at the forefront of manufacturing tools and machining solutions that drive industry standards and innovations in the metalworking industry.The raised labour productivity in the company’s Gimo plant as a result of extensive automation saw th
Despite the big data, analytics and artificial intelligence (AI) inherent in the Internet of Things (IoT), human capital remains the most important asset for the BMW Group as it embraces Fourth Industrial Revolution (Industry 4.0) technology. The iconic German car manufacturer's Regensburg plant was recently chosen as a ‘Lighthouse of the Fourth Industrial Revolution’ by the World Economic Forum (WEF), a term it uses for 16 selected factories which have successfully incorporated
Labour rights violations in ASEAN are among the negative effects of an increase in production due to the ongoing United States (US)-China trade war which has resulted in a shift of some production from China to this part of the world. While the region is embarking on the Fourth Industrial Revolution, numerous industries in ASEAN still rely on labour-intensive factories.
The Malaysia Healthcare Travel Council (MHTC) is targeting several new ASEAN markets and the Middle East as it continues to establish Malaysia as a leading global destination for healthcare.An agency under Malaysia’s Ministry of Finance, the MHTC is tasked with promoting Malaysia as a medical tourism destination under the ‘Malaysia Healthcare’ brand and has seen healthy growth in both the number of tourists visiting Malaysia to attend to their healthcare needs and the revenue generated by the
The ASEAN Post recently published an article stating that Lao PDR is somewhat left behind compared to other ASEAN countries when it comes to getting ready for the Fourth Industrial Revolution, also known as Industry 4.0.The issue was highlighted when Director General of the Lao National Internet Café, Keovisouk Solaphom, claimed that the challenges faced in digitising the local economy was due to the fact that it has not been listed in Lao’s development agenda.
