SINGAPORE (BLOOMBERG) - "No one wins from a trade war," is a standard refrain among economists. South-east Asian businesses are trying to prove that maxim wrong. The region is capitalising on a rush of new orders and production moves as firms reconsider their business in the US and China amid a deepening trade war. About one-third of more than 430 American companies in China have or are considering moving production sites abroad amid the tensions, according to survey results released on Sept 13 by AmCham China and AmCham Shanghai. South-east Asia was their top destination. Vietnamese furniture producer Phu Tai Corp is among those looking to cash in. The maker of home furnishings for Wal-Mart Stores outlets in the US is planning for a 30 per cent increase in its exports this year and in 2019, according to deputy general director Nguyen Sy Hoe. It'll invest about US$10 million to expand two factories at its base in Binh Dinh province and to upgrade production lines in two other factories … [Read more...] about US-China trade tussle is creating winners in South-east Asia
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CVM is responsible for designing and offering products and services that best match customers’ needs. The CVM team provides behind the scene support to help facilitate customer’s buying decision across both digital and in-store channels, contributing to the organization’s success. Data Science is a tool used to support precision marketing and help us ‘know customers better than they know themselves.’ Data Science has a potential to create much more than business opportunities.” The CVM main function is trying to understand customer behaviour and needs, allowing DTAC to offer the best matched products and services. DTAc has over 3 billion sets of data generated each day. Therefore, it is definitely not easy to process those data sets into useful information for creating campaigns and marketing initiatives. That is when “Data Analysts” and “Data Scientists” come in and play a key role in helping us better understand … [Read more...] about DTAC new team to ensure best services for customers
Overseas funds are pulling out of six major Asian emerging equity markets at a pace unseen since the global financial crisis of 2008 - withdrawing US$19 billion (S$25.68 billion) from India, Indonesia, the Philippines, South Korea, Taiwan and Thailand so far this year, according to data compiled by Bloomberg. While emerging markets shone in the first quarter, suggesting resilience to Federal Reserve tightening, that image has shattered over the past two months. With American money market funds now offering yields around 2 per cent - where 10-year Treasuries were just last September - and prospects for more Fed hikes, the bar for heading into riskier assets has been raised. Headlines on trade disputes that could hit Asian exporters haven't helped. “It's not a great set-up for emerging markets,” James Sullivan, head of Asia ex-Japan equities research at JPMorgan Chase & Co, told Bloomberg TV from Singapore. “We've still only priced in about two thirds of … [Read more...] about Emerging Asia hit by biggest foreign investor exodus since 2008
Japan has one of the world’s toughest asylum policies. Despite having the third-largest economy, last year the nation accepted only 20 refugees. Strict policies, geography, and history have limited asylum-seekers’ access to Japan, while a general preference for its homogeneous society means citizens have little motivation to push for change. There is no official immigration policy in Japan, which forced much-needed low-skilled labor workers to gain legal residence via the refugee process. The system is overburdened as a result. Japan is facing a demographic time bomb. It’s rapidly shrinking workforce could easily be boosted by thousands of migrant workers and refugees who are not just will, but desperate, for work. Ammunition is one of the best memories Zahir Amini has of his childhood. “I enjoyed playing with bullets,” laughs Amini. “It was a popular … [Read more...] about NO ENTRY: How Japan’s shockingly low refugee intake is shaped by the paradox of isolation, a demographic time bomb, and the fear of North Korea
CLASS ACT: University students attend a lecture — but increasing numbers are now choosing to learn online instead. PHOTO: POST TODAY Thailand has a huge demographic challenge. Its population is ageing quickly, and the number of college-aged students is predicted to decline sharply through 2040. The country has more university seats than it needs, but higher-learning institutions are under increasing pressure to maintain enrollments. According to the World Bank, Thailand ranks as the world's third most rapidly ageing population. The percentage of the Thai population that is 65 years or older has more than doubled over the past 20 years, from 5% in 1995 to 11% in 2017. Demographers also project that more than a quarter of the population will fall into this oldest age bracket by 2040. Over the same period, the labour force in the country is expected to shrink by about 11%, from roughly 50 million today to more than 40 million by 2040. These trends are primarily the result of a … [Read more...] about School’s out … for good?