Indonesia has an 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.

Hong Kong and Singapore on Thursday said they had agreed "in principle" to set up a bubble allowing residents to travel freely between the two financial hubs as long as they test negative for the coronavirus.The announcement is a rare moment of good news for a tourism industry battered by the pandemic and offers a glimpse into how places with less severe outbreaks might be able to safely restart some travel.The two cities released joint statements announcing the deal which they said

The coronavirus crisis has resulted in devastating impacts on livelihoods and the world’s economy. The International Monetary Fund (IMF) stated that the pandemic is pushing the global economy into its deepest recession in a century. “The Great Lockdown” – as the IMF calls the global downturn – is the worst since the Great Depression of the 1930s.As it was with other recessions and past financial crises, unemployment tends to rise quickly, and often remains elevated during said tough times.

The coronavirus pandemic has severely impacted major industries, small and mid-size enterprises (SMEs), and local businesses.

The chairman of Singapore's airport operator has stepped aside after he faced a public backlash when a judge cleared an Indonesian maid accused of stealing from his family and criticised the case.The scandal involving Liew Mun Leong has sparked a storm of anger and raised questions about how the system treated one of the city-state's best-known businessmen compared with a low-paid domestic helper. With calls mounting for him to quit following last week's ruling, Liew a

In 1960, the Nobel laureate economist Ronald H Coase introduced the “problem of social cost”: human activities often have negative externalities, so individual rights cannot be absolute. Institutions must intervene. There is no better example of this dynamic than the COVID-19 crisis.

Ong Ye Kung, Singapore’s newly-appointed Minister for Transport, wrote on his Facebook page that “air connectivity is a vital organ of our small island state. It connects Singapore to the rest of the world.

Singapore Airlines (SIA) reported a first-quarter net loss of more than US$800 million Wednesday, the latest carrier to take a massive hit as a result of the coronavirus pandemic.Passenger traffic was reduced to almost zero in the three months to June, SIA said, leading to the Asian carrier's biggest-ever quarterly net loss of SGD1.12 billion (US$816.58 million).The numbers extended the flag-carrier's financial bloodletting after losing SGD732 million in the 2019 fourth quarter ende

Limited democracy but high living standards and stability form a trade-off that most Singaporeans seem willing to live with - and some now suggest rival Asian finance hub Hong Kong can emulate the model as China tightens control.The two trading centres have long been compared but recent events have brought the issue into sharper contrast as Hong Kong faces a new era of curtailed civil liberties following China's imposition of a wide-ranging national security law.Supporters argue that aft

Around the world, scorching heat waves are breaking records, with France reaching a sweltering 45.9 degrees Celsius and Australia hitting 49.5 degrees in 2019. This year, it was reported that Siberia experienced a period of unusually high temperatures for the first six months of 2020 – including a record-breaking 38 degrees Celsius in the town of Verkhoyansk last June.