{"id":131419,"date":"2017-11-15T05:03:12","date_gmt":"2017-11-15T10:03:12","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=131419"},"modified":"2017-11-15T05:03:12","modified_gmt":"2017-11-15T10:03:12","slug":"quality-education-key-to-advancing-asean-digital-economy","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/11\/15\/quality-education-key-to-advancing-asean-digital-economy\/","title":{"rendered":"Quality education key to advancing ASEAN digital economy"},"content":{"rendered":"
\"Jaime<\/a>
Jaime Augusto Zobel de Ayala, Chairman and Chief Executive Officer of conglomerate Ayala Corp., said increasingly well-educated population bodes well for ASEAN\u2019s future productivity. (Photo<\/a>: Jaime Augusto Zobel de Ayala\/Facebook<\/a>)<\/figcaption><\/figure>\n

MANILA\u00a0— Association of Southeast Asian Nations (ASEAN) member states need to improve the quality of their education systems and training in order to adapt to and benefit from the digital economy for an integrated region, business leaders said.<\/p>\n

Jaime Augusto Zobel de Ayala, Chairman and Chief Executive Officer of conglomerate Ayala Corp., said increasingly well-educated population bodes well for ASEAN\u2019s future productivity.<\/p>\n

\u201cWith how the mobile and Internet economy is changing our lifestyle, it is imperative that ASEAN enterprises be able to adapt quickly by integrating digitization into their business strategies and operations,\u201d Ayala said at the ASEAN 50th<\/sup>\u00a0anniversary book \u201cAdvancing ASEAN in the Digital Age\u201d.<\/p>\n

\u201cWe have seen how start-up companies are flourishing in this environment where the nature of employment and entrepreneurship are shifting,\u201d he said.<\/p>\n

Teresita Sy-Coson, Vice-Chairperson at SM Investments Corp. (SMIC), urged other business leaders to innovate to compete in the new digital world of doing business.<\/p>\n

\u201cWe need to upgrade our people and their skills. We need to recreate our organizations to be more flexible and agile so that changes can happen in months instead of years,\u201d said Coson.<\/p>\n

The book was jointly launched Tuesday by CIMB ASEAN Research Institute (CARI) at the ASEAN Business and Investment Summit (ABIS) to commemorate ASEAN\u2019s 50th<\/sup>\u00a0anniversary.<\/p>\n

CARI Chairman Tan Sri Dr. Munir Majid cited some estimates indicating that the Digital Revolution would add USD1 trillion to ASEAN\u2019s gross domestic product (GDP) by the end of 2025.<\/p>\n

He said the digital economy alone will be worth USD200 billion before rising rapidly.<\/p>\n

To capture this huge opportunity, Majid underscored the need for ASEAN members to address challenges.<\/p>\n

\u201cAsean human capital must be fit for purpose \u2013 this means far better education and training than presently offered. This means retraining for new capabilities. No regulations that inhibit innovation and creativity within or across borders,\u201d he said.<\/p>\n

\u201cMost of all, low cost manufacturing employment can no longer work to attract investment. \u00a0Indeed work has to be found for those waiting to be employed in ASEAN\u2019s populous countries,\u201d he added.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0— Association of Southeast Asian Nations (ASEAN) member states need to improve the quality of their education systems and training …<\/p>\n","protected":false},"author":33,"featured_media":131421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[33370,33367,33371,33369,33368],"class_list":["post-131419","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-advance","tag-asean-digital-economy","tag-jaime-augusto-zobel-de-ayala","tag-key","tag-quality-education","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/131419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=131419"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/131419\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/131421"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=131419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=131419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=131419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}