HANOI: Innovations in artificial intelligence (AI) technology, coupled with its increased adoption, will have a big impact on the workforce across the ASEAN (Association of Southeast Asian Nations) over the next decade, according to a new study launched here today by two global firms.
Cisco and Oxford Economics launched the study titled “Technology and the Future of ASEAN Jobs” in Vietnam’s Hanoi city which is hosting the World Economic Forum on ASEAN.
According to the study, the more widespread adoption of existing technologies, coupled with advances in the use of AI through software, hardware, and robotics, will help bring down costs of goods and services, driving up demand and creating millions of new jobs.
The study predicts that the sectors that will see the greatest rise in demand for new workers are wholesale and retail (1.8 million new jobs), manufacturing (0.9 million), construction (0.9 million), and transport (0.7 million).
However, there will be a marked shift in the region’s labor market as lower-skilled jobs are displaced. According to the study, given the productivity gains from adoption of AI-enabled technologies, ASEAN’s six largest economies will require 28 million fewer workers by 2028, more than 10 percent of the current workforce, to achieve the same level of output as today.
Lower-skilled workers in the service and agriculture sectors will be the most susceptible to displacement, the latter especially as new developments, for example, in global positioning systems, telematics and smart sensors, are deployed to greater effect.
Singapore could see the biggest relative impact, with up to 21 percent of its workforce being affected. The country’s strong environment for cutting-edge digital transformation allows businesses to take advantage of new innovations as they become available.
Vietnam and Thailand are next in line, with 14 percent and 12 percent of jobs displaced, respectively. In these countries, many less productive, more monotonous jobs are projected to be eliminated, leaving Vietnamese and Thai workers free to pursue jobs in more fulfilling and productive sectors, according to the report.
On Wednesday, delegates to two technology-themed sessions of the World Economic Forum on ASEAN centered their discussions on opportunities and challenges posed by AI technology, and how leaders in the region can prepare for a future of further interconnectedness, automation, and complexity.
India diverting attention from Spy’s case?
ISLAMABAD: Minister for Water Resources Faisal Vawda has termed the Indian threat to stop the flow of water from eastern rivers to Pakistan a “failed attempt”, just like the Pulwama incident, to divert attention from its failure in the Kulbhushan Jadhav case in International Court of Justice (ICJ).
In his reaction over India’s threat to stop Pakistan’s water, he said India could not blame Pakistan for its failure in the International Court of Justice to prove spy Kulbhushan innocent. As per Indus Water Treaty, India could not stop Pakistan’s water, he added, says a press statement here on Friday.
Describing the threat hilarious and void, he said the Indian government was preparing the ground to seek public support in next election by hurling allegation against Pakistan. “India must keep it in mind that it is a New Pakistan,” Vawda said adding that valiant Armed Forces of Pakistan would give a befitting response if India launched any misadventure. He said India would get nothing from its war hysteria except embarrassment among the comity of the nations.
Pilot drinking delays Japan plane
TOKYO: Japan’s All Nippon Airways said today it was forced to delay a domestic flight earlier this week after a co-pilot failed an alcohol breath test despite new rules.
The case came after Japan introduced fresh regulations to clamp down on alcohol consumption by pilots after several incidents involving flight crew drinking hit the headlines. On Tuesday, the ANA co-pilot was scheduled to fly a Boeing 777 with 322 passengers on board from Kobe in western Japan to Haneda airport in Tokyo.
But he failed a breath test and said he had consumed a can of beer and half a can of a spirit-based drink in his hotel room about six hours before the flight. The flight was delayed by more than an hour while a replacement pilot was found. The airline said in a statement it would deal with the case “rigorously”. It has banned pilots and co-pilots from drinking alcohol up to 24 hours before a flight.
Late last year, a Japan Airlines co-pilot arrested in Britain was jailed for 10 months after being found shortly before a flight with a blood alcohol level almost 10 times the legal limit. He had reportedly consumed two bottles of wine and more than 1.8 liters (nearly four US pints) of beer over six hours on the night before the flight. ANA also revealed last year that a hungover pilot had caused multiple flight delays. Before the rule change in January, Japan had no legal limits on drinking by plane crew members before flights, and breath testing was not required.
S. Korea to begin 5G service in March
SEOUL: South Korea’s finance minister said today that Seoul will become the first country in the world to start commercial operations of fifth-generation mobile network services next month.
Hong Nam-ki made the announcement at a meeting with senior officials on innovation-led growth in Seoul. KT Corp., South Korea’s leading wireless and fixed-line services provider, carried out a world first
trial service of its 5G system during the PyeongChang Winter Olympics last year. 5G data transmission speeds are 40-50 times faster than the existing 4G network or long-term evolution (LTE) and are expected to open a wide range of new business opportunities for the communication service sector.
The system, moreover, allows greater numbers of people to communicate with each other at the same time and promises to open vast markets for devices and services. The finance minister also said KT and two other local competitors – SK Telecom Co. and LG Uplus Inc. – will invest some 3 trillion won (US$2.6 billion) this year to set up seamless 5G connectivity in the country going forward.