Some 28 million labourers in ASEAN’s top six economies are likely to become unemployed due to digital transformation and acceleration of the Fourth Industry Revolution.
Agriculture will be the hardest hit sector as about 6.6 million labourers will be made redundant by 2028. (Photo: VNA)
Jakarta (VNA) – Some 28 million labourers in ASEAN’s top six economies are likely to become unemployed due to digital transformation and acceleration of the Fourth Industry Revolution.
In the Report “Technology and the Future of ASEAN Jobs”, experts forecast that artificial intelligence (AI) in software, hardware and robotics will change the employment landscape among ASEAN’s six largest economies of Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand.
Agriculture will be the hardest hit sector as about 6.6 million labourers will be made redundant by 2028. Demands for labourers will drop as jobs can be replicated with the use of technology.
However, productivity gains from technology adoption will reduce prices and drive growth, which in turn will create new demand for workers in other sectors like wholesale and retail, manufacturing, construction and transport.
In the article “AI threatens ASEAN Jobs” by Stephen Chin on aseanpost.com, the author said that job displacement in the Philippines and Indonesia will be lower in terms of percentage of workforce. This is due to the abundance of cheap labour, making it harder for technology adoption to show cost savings benefit.
Singapore is estimated to have 500,000 jobs displaced by 2028, or almost 21 percent of its workforce, due to its digital transformation.
Meanwhile, Vietnam is expected to see 7.5 million job displacements by 2028, or 13.8 percent of the country’s workforce. A large number of these jobs are monotonous and classified as low-productivity, mostly in agriculture.
In Cambodia, where the textiles, clothing and footwear sector makes up of about 90 percent of its manufactured exports, automation threatens over 600,000 jobs.
The ASEAN+3 Macroeconomic Research Office Limited (AMRO) said that developing countries do not have much time to adapt to the shifting from basic automation to advanced AI.-VNA
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Participants at a session of the World Economic Forum on ASEAN (WEF ASEAN) expected great changes in the future of jobs in ASEAN but are confident that many development opportunities are within the reach of regional countries.
The Vietnam Social Security (VSS) has been honoured for applying information technology in developing health insurance management, medical reviews and payment services by the ASEAN Social Security Association (ASSA).
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Agriculture will be the hardest hit sector as about 6.6 million labourers will be made redundant by 2028. (Photo: VNA)
