.avif)
Singapore faces biggest reskilling challenge in Southeast Asia
Written on :
June 21, 2024
Over 90% of Singaporeans are open to learning new skills, according to a survey of more than 7,000 working professionals by Salesforce and Milieu Insight. Singapore will face the highest rate of job displacement resulting from technological disruption in Southeast Asia, and the country is racing to introduce countermeasures.
Source: Nikkei Asia
Author
Tan Yan Rong
Latest Insights
Southeast Asia reacts to Trump's new tariffs
When President Donald Trump took to the stage on April 2, 2025, to announce sweeping new tariffs on Southeast Asian countries, the ripple effect was immediate. It's no surprise that it's the hottest topic of the region- the new tariffs ranges from a steep 49% on Cambodian goods to 10% on imports from Singapore and Timor-Leste. But while the percentages varied, the concern across the region felt unanimous.
Singaporeans sentiments towards the new U.S. tariffs
On April 2, 2025, President Donald Trump announced sweeping new tariffs on Southeast Asian imports, citing the need to “recalibrate trade imbalances” and “bring manufacturing back to American soil.” These tariffs vary significantly by country, hitting Vietnam (46%), Cambodia (49%), and Laos (48%) the hardest. Singapore, while facing the lowest rate of 10%, is not exempt, and neither are its consumers.
