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4 in 5 Employees in Singapore Fear Impact of Digitalisation, Turn to Upskilling to Stay Competitive

  • Four in five (81%) employees are concerned about the impact of digitalisation on jobs and roles in their industry.
  • Most employees (93%) agree there is a need to upskill to remain relevant in their current role.
  • On the other hand, employers say that the main impact of digitalisation on the workforce are ‘the need to reskill and upskill workers to meet new skill demands’ (57%), ’employees will spend less time in automated/ repetitive work’ (54%), and ’employees will have to take on hybrid roles/ roles that require a mix of different skill sets’ (54%).

SINGAPORE – Media OutReach – 18 January 2022 – As businesses continue to accelerate digitalisation, four in five (81%) employees say that they are concerned about the impact of digitalisation on jobs and roles in their respective industries. Employees reveal that their main concern about digitalisation at the workplace is the ‘need to learn new skills to stay relevant’ (46%). This is followed by the fear of ‘not being able to adapt to new and complex skills’ (40%) and ‘being replaced due to the lack of skills’ (31%).

These are some key findings from NTUC LearningHub’s recently launched Emerging Jobs and Skills Report. Over 650 working professionals from Singapore were surveyed in December 2021, including employers and employees, to uncover a dual perspective about the current job market, emerging jobs and skills, as well as the training landscape.

Most employees (93%) opine that there is a need to upgrade their skills in order to keep themselves relevant and competitive in their current role. The top three reasons cited by employees for upskilling are to have ‘better career progression opportunities’ (66%), ‘better pay’ (58%), and ‘better match with existing skillsets’ (50%).

On the other hand, the employers surveyed say that the main impact of digitalisation on the workforce is the need to reskill and upskill workers to meet new skill demands (voted 57%). This is followed by ’employees will spend less time in automated/ repetitive work’ (54%), and ’employees will have to take on hybrid roles, that is, roles that require a mix of different skill sets’ (54%).

Commenting on the findings, NTUC LearningHub’s Director of Infocomm Technology, Anthony Chew, says, “Although employees fear the effects of digitalisation on their jobs, it is heartening that many see the importance in upskilling to remain employable and competitive. However, instead of fearing digitalisation in the new world order, we urge trainees to take advantage of digital transformation to uplift their skillsets and employability. In fact, employers see digitalisation as an opportunity to upgrade workforce competencies so that their employees can work alongside digital solutions and free up their time for higher-value work. All in all, workers who are able to adapt well with digital transformation will be considered an asset to the organisations they work for, regardless of which sector they are in, as digital skills today are easily transferrable across job functions and sectors.”

To download the Emerging Jobs and Skills Report, visit www.ntuclearninghub.com/emerging-jobs-and-skills-2022. To find out more about the courses, training and grants, contact NTUC LearningHub at www.ntuclearninghub.com/.

About NTUC LearningHub

NTUC LearningHub is the leading Continuing Education and Training provider in Singapore which aims to transform the lifelong employability of working people. Since our corporatisation in 2004, we have been working with employers and individual learners to provide learning solutions in areas such as Cloud, Infocomm Technology, Healthcare, Employability & Literacy, Business Excellence, Workplace Safety & Health, Security, Human Resources and Foreign Worker Training.

To date, NTUC LearningHub has helped over 25,000 organisations and achieved over 2.6 million training places across more than 500 courses with a pool of over 900 certified trainers. As a Total Learning Solutions provider to organisations, we also forge partnerships and offer a wide range of relevant end-to-end training solutions and work constantly to improve our training quality and delivery. In 2020, we had accelerated our foray into online learning with our Virtual Live Classes and, through working with best-in-class partners such as IBM, DuPont Sustainable Solutions and GO1, asynchronous online courses.

For more information, visit www.ntuclearninghub.com.

#NTUCLearningHub

AIA reaffirms focus on wealth protection and management with the reveal of its Wealthbeing by AIA priority for the burgeoning High Net Worth segment

SINGAPORE – Media OutReach – 18 January 2022 – AIA Singapore today introduced ‘ Wealthbeing by AIA‘ – the pairing of Wealth and Well-being – as it accelerates efforts to meet the underserved needs of High Net Worth individuals (HNWIs) seeking protection and growth for both their wealth and health. This aligns with the company’s advocacy for a more well-rounded approach to achieving healthier, longer, better lives.

Legacies forged with Wealthbeing by AIA 

Elevate your wealth, optimise your well-being

(Click onto the image to view the video)  

The leading life insurer believes Wealthbeing by AIA is the future of wealth planning, where legacies are forged not only on wealth but also on health in order to thrive for generations. Wealthbeing by AIA is testament to AIA’s expertise in providing holistic solutions tailored to the individual. This holistic approach transcends financial horizons to maximise growth and fulfilment for HNWIs, with a specially curated suite of wealth and health privileges, bespoke lifestyle experiences and innovative product offerings to help them and their loved ones achieve Wealthbeing.

Ms Melita Teo, Chief Customer and Digital Officer, AIA Singapore, says, ” A wealthier life isn’t always better because it comes at the expense of time, freedom and health. We believe that achieving Wealthbeing – the goal of growing your wealth and well-being goes hand in hand, that will allow everyone to truly live healthier, longer, better lives. ”

 

Financial well-being (64%), mental wellbeing (62%) and physical well-being (61%) are the top three dimensions of wellness HNWIs in Singapore prioritise, according to a recent study [1] . Relationships (41%) and Sense of Self (39%) are important for them too, scoring higher than Work (33%) in their list of priorities.

Pursuit of sustainable investing and ESG commitments

The well-being of the world’s future is also important to HNWIs, and they are walking the talk with 4 in 5 (80%) having sustainable investing and/or Environmental, Social, and Governance (ESG) funds in their investment portfolio. In fact, 47% look to find out if the company they invest with has good ethical policies before investing, where possible.

AIA Group – holding total assets of US$326 billion[1] – is doubling down on its ESG commitments, recently announcing that the company sold off almost US$10 billion of investments in coal mining and coal-fired power business, and that it won’t make new investments in businesses directly involved in coal mining or generating electricity from coal.

The company has set a target of achieving net zero greenhouse gas emissions by 2050 and is committed to the Science Based Target initiatives (SBTi) [3] , which will inform its US$286 billion portfolio [4] engagement processes.

 

Enhanced offering for High Net Worth and Ultra High Net Worth clients

Mr Chin Chung Wen, Chief Distribution Officer, AIA Singapore added , “Having served generations of families in Singapore for more than 90 years, we understand what matters to our clients the most – being financially prepared for every stage in life and having the health to enjoy their best life with their loved ones. Tapping into our decades of expertise in navigating the complexities of wealth planning and health management, we believe our holistic solutions will keep our High Net Worth client segment on top of their game, always.”

AIA Singapore will be upskilling 1,000 AIA Financial Services Consultants (AIA FSCs) by 2023 to elevate their financial advisory competencies to better serve the rapidly growing affluent population in Singapore [5] . This upskilling initiative will provide AIA FSCs access to elite Private Banking training and the opportunity to earn the exclusive AIA Prestige Elite Consultant title for service excellence in the affluent and High Net Worth segment.

In 2019, AIA partnered the Wealth Management Institute (WMI) to become the first insurance organisation in Singapore to provide AIA FSCs the same level of training, assessment and IBF certification as private bankers. AIA remains today the only insurer who upskills AIA FSCs with both the Client Advisor Competency Standards (CACS) regulatory examinations and WMI’s Certified Private Banker to achieve the IBF Qualified Private Banking certification.

AIA Singapore’s wealth management capabilities are also bolstered by trusted stewards of Asia’s wealth to ensure superior long-term sustainable results. AIA Investments, the investment arm of AIA responsible for managing US$330 billion of assets for the Group, has one of the largest teams of investment professionals in Asia Pacific, consisting over 250 investment professionals, and averaging 12 years of experience.

High Net Worth clients will have their protection and growth priorities met by the specially curated Platinum product series by AIA. Through the by-invite-only AIA Altitude Programme, clients who own and maintain AIA policies with total premiums that meet the qualifying premium requirement will get access to an exclusive suite of lifestyle privileges, advanced healthcare services, and bespoke experiences. This includes priority services, complimentary will writing services as well as exclusive perks and event invitations, amongst many others.

There are three membership tiers to the programme, namely AIA Altitude, AIA Altitude Platinum, and the newly introduced AIA Altitude Pinnacle tier for Ultra High Net Worth (UHNW) clients.

For more information on Wealthbeing by AIA campaign and comprehensive wealth management proposition, please visit: aia.com.sg/wealthbeing

 


[1] WealthLens™ 2021. Singapore Study (Oct 2021) Agility Research & Strategy. Powered by Affluential™

[3] The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reduction targets in line with the latest climate science, to meet the goals of the Paris Agreement

About AIA

AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets – wholly-owned branches and subsidiaries in Mainland China, Hong Kong SAR(1), Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, New Zealand, the Philippines, South Korea, Sri Lanka, Taiwan (China), Vietnam, Brunei and Macau SAR(2), and a 49 per cent joint venture in India.

The business that is now AIA was first established in Shanghai more than a century ago in 1919. It is a market leader in Asia (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$330 billion as of 30 June 2021.

AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia, AIA serves the holders of more than 39 million individual policies and over 16 million participating members of group insurance schemes.

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).

 

Notes:

1. Hong Kong SAR refers to Hong Kong Special Administrative Region.

2. Macau SAR refers to Macau Special Administrative Region.

#AIA

The issuer is solely responsible for the content of this announcement.

Vang Vieng Station Commences Freight Services Along Laos-China Railway

Freight train

Vang Vieng Station in Vientiane Province has commenced providing freight services along the Laos-China Railway.

Health Authorities in Laos Ease Requirements for Newly Discharged Covid Patients

empty hospital bed

Health authorities have eased requirements for Covid-19 patients after being discharged from hospital, allowing them to resume their lives without further testing or isolation.

Laos Confirms 733 New Cases of Covid-19, Three Deaths

Covid-19 Update Phongsaly

Laos has recorded 733 cases of Covid-19 across the country today, with three deaths.

Laos to See Decline in Coffee Exports This Year

Coffee

Coffee exports are expected to slow for Laos this year as the number of coffee plantations decreases.

Discovery’s ‘New Taste of Hong Kong’ New Host for Season 2

TLC’s ‘New Taste of Hong Kong’ season 2 answers why so many have made the iconic city their home premiering on January 21

Fabio Grangeon, an actor and culinary enthusiast, will take Singapore and Malaysian audiences through the many colourful layers of Hong Kong’s neighbourhoods from the perspective of locals and expats that have made the city their home


SINGAPORE – Media Outreach – 18 January 2022 – TLC is set to premiere the second season of the ‘New Taste of Hong Kong.’ The show will give audiences a unique and exclusive look at the city’s creative and culinary scene from the perspective of both locals and expats who proudly call Hong Kong “home.” Through the show, audiences will celebrate Hong Kong’s gems in Sai Kung, Central, and West Kowloon, answering why many fall in love with the city. Episode 1 of the latest season will premiere on TLC SEA to Singapore and Malaysia audiences on January 21 at 20:05, and Episode 2 will premiere on January 28 at 20:05.

 


Miru Wong showing her meticulous designs to host Fabio Grangeon.

The new season will introduce actor and culinary enthusiast Fabio Grangeon as the new host. In between projects, Fabio explores places that may become his next home in Asia, harvesting new memories and sensations through tastes and stories, all of which fuel his imagination and serve as his inspiration to cook and to perform. Fabio will be the guide as he experiences the New Taste of Hong Kong, immersing himself among people that have fallen in love with the city. The tour guide, and Hong Kong Super Fan Alexandra Unrein, are one such example: “The first time I came to Hong Kong, – I lost my heart, “she says. “Then I met my husband, so I lost it twice. I decided to stay around, and then I became a Hong Kong tour guide.”

Fabio will be visiting iconic areas, starting with Sai Kung and Central, with colourful characters who show him the natural side of Hong Kong juxtaposed with the creative street art scene.

The show unravels the story behind every ingredient, flavour, and dish, along with the people dedicated to honouring them. Indulging in the city’s iconic nightlife in Central, Fabio tastes modernist inspiration from Mixologist Antonio Lai of Quinary, named Asia’s 50 best bars, who serves him Oolong Tea Collins, drawing the long tradition of drinking tea, Yum Cha. “This allowed me to connect with my family, bringing my memory back to the old days — this is a Hong Kong-style of drink.”

In West Kowloon, Fabio catches up with neighbourhood locals of Yau Ma Tei and Jordon, who show him why Hong Kong is so unique, tasting famous traditional food products that will shock his taste buds. The show celebrates how the city’s diversity contributes to a thriving arts scene, with traditional culture and heritage being valued and preserved while new cultures are accepted and melded together with the old to create something uniquely Hong Kong.

Jessica Burrows, a soloist with Hong Kong Ballet and Hong Kong Super Fan, shows Fabio around the West Kowloon Cultural District, a growing art and cultural hub. She says the diversity is why she fell in love with the city. “The dynamic energy is incredible,” she says. “It’s very inspiring, and there are so many people from so many different places in the world. You learn a lot.”

As the show follows the stories of people changed by the city, it also showcases changes within the iconic city. The show traces Hong Kong’s unique legacy of preserving and honouring tradition amid the march for modernity, spotlighting humble street corner shops passed down for generations and a history spanning decades. 

 

The Sindart in Bowring Centre is a special place where craftsman Miru Wong’s family has been doing business since 1958. The history has fueled her worn work, saying, “I find my inspiration in some traditional Chinese stories and from our daily lives.” Jay Liu, the principal flautist for the SAR Philharmonic Orchestra and shopkeeper for Liu Ma Kee Limited, which crafts traditionally fermented tofu, also celebrates the importance of family as a fourth-generation owner of a hidden gem at the heart of Min Street has operated for over a hundred years.

Fabio Grangeon says of his experience:I am beyond charmed by the authenticity of this place and its people.  I feel lucky to have made these new friends who have helped me explore Hong Kong through the precious experiences of each of them—finding inspiration in their personal stories.  Through scenery, food and art, they all have stories to share.  But my journey isn’t over.  There are many more stories to be found.”

Against the backdrop of beautiful natural sceneries and lively nightlife, the ‘New Taste of Hong Kong‘ allows audiences in Singapore and Malaysia the chance to discover and explore the city as it has never experienced before, offering surprises in every corner.

About Discovery Inc.

Discovery, Inc. (Nasdaq: DISCA, DISCB, DISCK) is a global leader in real-life entertainment, serving a passionate audience of superfans around the world with content that inspires, informs and entertains. Discovery delivers over 8,000 hours of original programming each year and has category leadership across deeply loved content genres around the world. Available in 220 countries and territories and nearly 50 languages, Discovery is a platform innovator, reaching viewers on all screens, including TV Everywhere products such as the GO portfolio of apps; direct-to-consumer streaming services such as Eurosport Player, Food Network Kitchen and MotorTrend OnDemand; digital-first and social content from Group Nine Media; a landmark natural history and factual content partnership with the BBC; and a strategic alliance with PGA TOUR to create the international home of golf. Discovery’s portfolio of premium brands includes Discovery Channel, HGTV, Food Network, TLC, Investigation Discovery, Travel Channel, MotorTrend, Animal Planet, Science Channel, and the forthcoming multi-platform JV with Chip and Joanna Gaines, Magnolia, as well as OWN: Oprah Winfrey Network in the U.S., Discovery Kids in Latin America, and Eurosport, the leading provider of locally relevant, premium sports and Home of the Olympic Games across Europe. For more information, please visit corporate.discovery.com and follow @DiscoveryIncTV across social platforms.

 

Notes to editors

Link to Photos

Facebook 30s teaser video

Host Fabio Grangeon Profile photos and bio

#Discovery

WeTV Bets Big on Southeast Asia with New Content Partnership Opportunities

WeTV looks to expand its local partner ecosystems to deliver the best of Asian entertainment to its viewers

SINGAPORE – Media OutReach – 18 January 2022 – WeTV, Southeast Asia’s leading video-on-demand (VOD) and over-the-top platform (OTT), has announced plans to aggressively ramp up its presence in Southeast Asia in 2022 and is welcoming local brands and advertisers in the region to join forces in reaching out to WeTV viewers.

 

WeTV is a global video streaming platform launched by Tencent Video, one of the largest online video platforms in China. Curated for international viewers, it is one of the largest digital video streaming destinations in several Asian markets, including Indonesia, Malaysia, Singapore and Thailand. It is available on multiple platforms including mobile, desktop, tablets, and Smart TV and in 2022, it is set to introduce a list of titles geared towards keeping viewers in the region yearning for more. To date, WeTV has attained remarkable achievements in Southeast Asia, and they plan to break new barriers with a slew of over 40 locally produced WeTV Originals projects in their 2022 pipeline. For example, Season 1 of “My Girlfriend is an Alien” was a big hit in Indonesia, and viewers can look forward to Season 2 of this series. Other highly anticipated productions that will be launched in 2022 include Tencent Video Originals “The Longest Promise” and “Who Rules the World” as well as WeTV Originals “Little Mom 2”, “My Lecturer My Husband S2” and more.

 

WeTV has been reaping the benefits of its long-term strategy to produce top quality original content specifically for Southeast Asian viewers. In 2021, WeTV Originals in Thailand were nominated for 6 awards at the 26th Asian Entertainment Awards, the largest television awards in Asia. This has proven to be a powerful springboard for home-grown talents to achieve fame internationally and for artists to be recognized for brand sponsorships. Along these lines, 2022 will see the continued release of WeTV Originals that were produced locally in Indonesia, Malaysia, Thailand and the Philippines. These include “The Wife”, a Thai television adaptation based on a popular Thailand novel which has garnered much attention in the past 20 years, as well as “Valentine’s Again”, another WeTV Thai Original which stars several popular local actors in a romantic comedy.

 

In 2021, WeTV achieved a significant milestone of over 60 million downloads globally – a 31% growth as compared to 2020. Additionally, the number of WeTV’s monthly active users (MAU) has been growing exponentially year-on-year. From 2020 to 2021, WeTV saw a 67% spike in MAU, and an impressive leap of 95% in WeTV VIP users. These demonstrate WeTV’s success in delivering first-class entertainment experience across an extensive range of genres to its viewers. Renowned international brands and agencies across multiple industries have also tapped WeTV for the purpose of reaching out to their target audiences. These include:

  • Telecommunications: 3BB, Advanced Info Service (AIS) Thailand, DITO Telecommunity, Globe Telecom, Maxis, PT Telkom Indonesia, Smart Communications
  • Agencies: GroupM, Interpublic Group (IPG), Omnicom Media Group (OMG)
  • Brands: Unilever, P&G, TikTok, Apple, Samsung, LG, OPPO, VIVO Huawei and Xiaomi

“Since our launch in 2019, WeTV has always sought to support the local creative sector, by offering attractive and customizable advertising and brand solutions to our partners,” said Jeff Han, WeTV Director and Vice President of Tencent Video. “The past four years have been a ride, and we remain committed to growing not only our global presence but also helping local productions go international. With guaranteed high-quality content and an extensive range of platform offerings to meet the needs of every partner, WeTV aims to become the go-to digital content platform for our partners in the region.”

 

ABOUT WeTV

WeTV is an Asian streaming service that sees the creation of premier video-on-demand (VOD) and provides over-the-top (OTT) local content. The streaming service provides content from around the region, inclusive of selected Chinese, Indonesian, Korean, Malaysian, Philippines and Thai series and movies. Operating as a freemium service, viewers can access some content without the need for a paid subscription and premium content at a small fee. The basic features also include free subtitles. WeTV is available on the browser at wetv.vip, or on the WeTV application that can be downloaded from the Apple Store for iOS users and the Google Play Store for Android users.

#WeTV

The issuer is solely responsible for the content of this announcement.