APSCo Asia

🚢 Port congestion in Asia's busiest trade hubs may persist into August, affecting global trade routes 🌏. With Singapore, Malaysia, and China struggling with bottlenecks, the logistics and shipping industry is facing significant challenges. 📦⏳ How will this impact recruitment and job opportunities in the supply chain and transport sectors? 🔗 Read the British Chamber of Commerce Singapore (BritCham)'s article in full: https://lnkd.in/ere-g_-R #GlobalTrade #Logistics #SupplyChain #Recruitment #TradeHubs #AsiaTrade

We would like to give thanks to Veremark for kindly sponsoring our recent member's event in Singapore. The event was a great success, giving like-minded recruitment professionals the opportunity to connect with one another and our Representative Committee. 💬 Attendees also had the opportunity to stay one step ahead regarding the ever-changing Ministry of Manpower regulations, with insights into the verification and renewal processes with real-life case studies provided by Fiona Dawn C. and Veremark - experts in pre-employment screening. Stay tuned for more guidance on Singapore's COMPASS legislation, in partnership with Veremark. 🤝

Hong Kong is rolling out the red carpet for wealthy Chinese individuals, reversing the trend of millionaires flocking to Singapore. Meanwhile, Singapore’s recent tightening of financial scrutiny due to a $3 billion money laundering case is causing some wealthy clients to reconsider their options. 📈💰 The increased regulatory measures in Singapore may impact hiring trends in the finance sector, while Hong Kong's growth in asset management could open new opportunities for talent acquisition. 🏦🔍 Read the article in full: https://lnkd.in/dUSZY65P #Recruitment #WealthManagement #TalentAcquisition #GlobalBusiness #FinancialRegulations #MarketTrends #HongKong #Singapore

Many companies are relocating production or expanding operations to circumvent tariffs and trade barriers, potentially doubling exports from some Southeast Asian nations in the next six years. 🚢🏗 According to a Nomura report, India, Vietnam, Malaysia, and Mexico are major beneficiaries of this shift, driven by US-China trade tensions and efforts to diversify supply chains. Despite these changes, reliance on China will persist for some intermediate goods, and there are concerns about trade fragmentation as countries align more geopolitically.🌏💱 🔗 Read the British Chamber of Commerce Singapore (BritCham)'s full article: https://lnkd.in/eq-rRtVX #GlobalTrade #SupplyChain #EconomicGrowth #SoutheastAsia #ExportBoom #BusinessExpansion

In Singapore, multinational corporations (MNCs) and local enterprises are collaborating to leverage each other's strengths for innovation and growth, enhancing supply chains, and improving sustainability. 👔📈 Volvo Group and SC Auto have developed the first made-in-Singapore electric bus, significantly reducing carbon emissions, while Illumina and KPP Packaging Pte Ltd streamlined packaging processes to cut costs and lead times. Read the Singapore Economic Development Board (EDB)'s article in full to see how Omron Automation and CLEMVISION PTE LTD partnered to enhance industrial automation. 🔗https://lnkd.in/d_UGEWKf

We'd like to extend our appreciation to Sameer Narang of ICICI Bank for his excellent analysis and insight displayed in our mid-year global economic update. 🌏 💱 Key Points: 🔸 The global economy is now showing signs of softening, led by the US, where both the manufacturing and service sectors are decelerating. The US should grow slightly ahead of trend this year, led by investments and fiscal policy. 🔹 Europe is expected to grow below trend with its changing political landscape. Euro-zone growth is forecast at 0.6% YoY for 2024. 🔸 Singapore and Malaysia's growth decelerated in 2023 as investment weakened, and while the former's strong exports are expected to support a resurgence in growth this year, the same can't be said for the latter. Instead, Malaysia's growth is expected to pick up from its private consumption. 📽 The full recording of this webinar is available to members via our Member Hub: https://lnkd.in/eUhDcxJE For APSCo Asia membership enquiries, please contact Baz Sultana, Global Services and Development Manager at APSCo. 📧 bazgha.sultana@apsco.org #EconomicUpdate #GlobalEconomy #JobMarket #Asia #APSCoAsia #ICICIBank #CareerGrowth #Investments #WageGrowth

📈 The Ministry of Manpower’s latest quarterly labour market report paints a complex picture of Singapore's employment landscape. While job vacancies have increased, the number of unemployed individuals has also risen. Both employers and job seekers need to navigate these trends effectively. For employers, these trends underscore the critical need to address the skills gap within their organisations. Here are a few strategies: 1.    Identify and Bridge Skill Gaps: Conduct thorough skill assessments to identify gaps and invest in training programmes for your employees. This not only enhances your current workforce's capabilities but also makes your organisation more attractive to potential hires. 2.    Offer Flexibility and Competitive Wages: With talent scarcity growing, offering flexibility in work arrangements and competitive wages can attract and retain skilled employees. 3.    Invest in Technology: Augment your processes with advanced technologies to increase efficiency, allowing employees to focus on higher-value activities. For job seekers, proactive steps are essential to adapt and stay relevant: 1.    Future-Proof Your Skillset: Engage in upskilling programs such as BCG Rise or Google Skills Ignition SG to stay relevant in the evolving job market. These programs offer training in high-demand skills that can significantly enhance your employability. 2.    Seek Professional Guidance: If you're uncertain about your career path or how to improve your marketability, consider reaching out to firms like us - our coaching sessions can provide personalised advice and strategies to help you navigate your career journey. Reach out to us today at hello@33talent to learn more about how we can help you stay ahead of the curve! #33Talent #empoweredtothrive #recruitment #coaching

As travel retail rebounds in Asia, Singapore's connectivity, strategic location, and innovative consumer landscape make it an ideal hub for travel retail headquarters. 🛬 The Asia-Pacific market is evolving, with travellers seeking unique, personalised, and duty-free retail experiences, driving brands to adapt. The global travel retail market is expected to more than double by 2030, prompting companies to restructure operations to capture the growing APAC demand, highlighted at the upcoming TFWA conference in Singapore. Read the Singapore Economic Development Board (EDB)'s article in full: https://lnkd.in/dRHgG58R #Singapore #AsiaPacific #GlobalMarkets #MarketExpansion #Recruitment

Just a few days left! 🚨 ⌛ Don't miss our 🆓 Mid-Year Global Economic Update webinar. 🖥 🕒 15:00 SGT 🗓 Tuesday, July 8th What You’ll Learn: 🔹Global Economy & Job Market: What does the global economy have in store for the job market? Which sectors are driving demand and investments? 🔸New Growth Engines: Which economies are the new growth engines for the world economy? How is Asia placed in the global growth cycle? 🔹Jobs & Wage Growth Outlook: What is the outlook for jobs and wage growth in key global and Asian economies? 🆓 Register Now: https://lnkd.in/eaVpfbwR

We are excited to share a highlight from our recent APSCo Asia Insights Webinar, where we explored the dynamic Malaysian staffing market. 🌺 This session provided essential information for recruitment firms aiming to enter or expand in Malaysia, covering everything from current market trends and sector comparisons to the essential steps for setting up operations and navigating key legal and compliance challenges. The expert insights from Robert Walters, Christopher & Lee Ong, a member firm of Rajah & Tann Asia, and RSM Malaysia underscored the opportunities and strategic advantages of expanding into this vibrant market. We'd like to thank our panel of speakers for taking the time to share their expertise with our members: Ai Rene Tan, Victor C., Anston Cheah, Florence Toh, and John Rolan. 📽 The full recording of this webinar is available to members via our Member Hub: https://lnkd.in/eCrmG9dR For APSCo Asia membership enquiries, please contact Baz Sultana, Global Services and Development Manager at APSCo. 📧 bazgha.sultana@apsco.org