Archive for ‘leading’

18/04/2020

Class of 2020: a lost generation in the post-coronavirus economy?

  • Young people starting out in the jobs market face a hit to their prospects that could endure years after the Covid-19-induced downturn has run its course
  • A generation of angry youth raises the spectre of political instability

Freelance filmmaker Anita Reza Zein had grown used to jam-packed production schedules requiring her to put in long hours and run on little sleep. Until Covid-19 struck.

Today, the talented Indonesian is suddenly free. With five projects on hold and many more potentially cancelled, she now spends her time working on a personal project, doing research for her work and occasionally going for a ride on a bicycle.

“I feel calm and patient although I’m jobless. Maybe because it’s still the third week [of social distancing] and I still have enough savings from my previous work,” said the 26-year-old, who is from Yogyakarta. “But I imagine life will become tougher in the next few months if the situation gets worse.”

Like her, millions of youths are now part of a job market in Southeast Asia that has been ravaged by the coronavirus pandemic. They are the unlucky cohort of 2020 whose fortunes have changed so drastically, so quickly.

Freelance filmmaker Anita Reza Zein now spends most of her time at home as her projects have all been frozen due to the spread of Covid-19. Photo: Anita Reza Zein
Freelance filmmaker Anita Reza Zein now spends most of her time at home as her projects have all been frozen due to the spread of Covid-19. Photo: Anita Reza Zein
Just three months ago, many eager graduates were about to partake in a strong economy and possibly land decent pay cheques.
Today, job offers are being withdrawn and hiring halted, leading to a spike in regional youth unemployment in the short term. In the long term, the effects on the Covid-19 cohort could lead to wider social and political problems.
JOB MARKETS SHUT
The virus’ impact on economies and the job market in the region has been swift and devastating. Borders have been slammed shut, workers ordered to stay at home, and thousands of companies closed every week.

The biggest problem is the lack of certainty about how long this will last – the longer the governments keep their countries on lockdown, the worse the economic impact.

In Indonesia, for example, the virus has caused almost 2.8 million people to lose their jobs, according to the Manpower Ministry and the Workers Social Security Agency. Likewise, in Malaysia, an estimated 2.4 million people are expected to lose their jobs, going by data from the Malaysian Institute of Economic Research (MIER).
Thailand

is bracing itself for a 5.3 per cent contraction in GDP for the full year, the worst since the Asian financial crisis in 1997.

“We think about seven million jobs have been lost already, and the figure will hit 10 million if the outbreak drags on for two to three more months,” said Kalin Sarasin, council member and head of the Thai Chamber of Commerce.

Lockdown for 34 million people in capital Jakarta as Indonesia fights surge in coronavirus deaths
For young jobseekers, the outbreak of the Covid-19 pandemic could hurt even more, with companies unwilling to open up new jobs for them.

“My clients who were open to fresh graduates previously have realigned searches [for candidates] who have at least one year of experience, as it’s a lot faster for someone with experience to scale up quickly and contribute,” said Joanne Pek, a recruiter at Cornerstone Global Partners’ Singapore office.

For many small and medium-sized enterprises (SMEs) such as Singapore-based restaurant chain The Soup Spoon, saving jobs – rather than recruiting – is the priority.

“We don’t want to let anyone go during this period, so we’re focused on protecting jobs,” said co-founder and director Benedict Leow, who employs some 250 workers.

THE COVID-19 COHORT

The looming economic downturn could have distinct consequences for the Class of 2020 that will outlast the economic downturn itself.

For one thing, the paucity of jobs could result in the Covid-19 cohort becoming a “lost generation” of sorts, said Achim Schmillen, a senior economist at the World Bank Social Protection and Jobs Global Practice.

“Research from around the globe shows that graduating in a recession can have significant and long-lasting impacts that can affect the entire career. In particular, it can lead to large initial earnings losses which only slowly recede over time,” he said.

Coronavirus: why there’s no quick fix for a Covid-19 vaccine

12 Apr 2020

Economics professor Jeff Borland of the University of Melbourne said that international studies showed that what happened to people when they first entered the labour market would affect them for the rest of their working lives.

“Many international studies have shown that trying to move into employment during a major economic downturn cuts the probability of employment and future earnings for a decade or more.

“Why this occurs is less well-established. Reasons suggested include being forced to take lower-quality jobs, losing skills and losing psychological well-being,” he said in a piece published on The Conversation website.

Malaysia sets up Covid-19 test zones in the capital to hunt for ‘hidden’ coronavirus cases

This could create “lasting scarring” on the graduates this year, said labour economist Walter Theseira.

“If their careers start badly, it would affect their earnings for a number of years because they would lack the same experience as peers who started in a more secure position,” the associate professor of economics at Singapore University of Social Sciences said.

Shrinking salaries and the downsizing of companies mean that graduates might have to seek out professions outside their areas of study to survive, said Grace Lee Hooi Yean, head of the Economics Department at Monash University, Malaysia.

She said youth unemployment in the country, which stands at 11.67 per cent, could rise sharply.

“This looming crisis could trap a generation of educated and capable youth in a limbo of unmet expectations and lasting vulnerability if the graduates are not ready to face reality and adapt to the new challenges,” she said.

How long will a coronavirus vaccine take? A Q&A with Jerome Kim

12 Apr 2020

This is fast becoming the reality for final-year medical student Rebecca K. Somasundaram, who has been left without a job due to the pandemic.

After being offered a residency programme at a top specialist hospital in Kuala Lumpur, she was notified a month ago that her placement had been made void until further notice. This has thrown the 24-year-old’s plans into disarray as she was hoping to enter the workforce soon to pay off her student debts. Her plans to get married next year have also been put on hold temporarily.

“I am in constant talks with the hospital to see if there is any way I can join them soon but seeing how things are unfolding so quickly, I am slowly losing hope,” she said.

Over in Indonesia, the pandemic will trigger job losses on a national scale. To combat this, the government would need to introduce strong fiscal measures and beef up its social protection policies, said the country’s former minister of finance Muhamad Chatib Basri.

Many people on lower incomes tend to work in the extraction industry, such as mining and palm oil, and these are the first industries hit due to the global slowdown.

“The rich will be able to brave the storm, but the poor have no means to do so,” he said.

Singapore migrant workers under quarantine as coronavirus hits dormitories
SPECTRE OF 1997
With partial lockdowns imposed in the capital of Jakarta, more needs to be done to ensure that vulnerable citizens have access to food and financial support.
Without government intervention, economic woes could soon translate into political instability, a scenario last seen in the Asian financial crisis.
In 1997, waves of discontent sparked racial riots in Indonesia that toppled the country’s long-time strongman Suharto, while in Thailand a political crisis created the conditions for populist leader Thaksin Shinawatra to rise.
Rising discontent could have serious implications at the ballot boxes, warned Basri, who said young voters were a key voting bloc for President Joko “Jokowi” Widodo.
Coronavirus: food security, Asia’s next battle in a post-Covid world
6 Apr 2020

In last year’s general elections, Jokowi proved a hit among the lower-educated youth who had benefited from the creation of largely unskilled jobs during his tenure.

“With more young people expected to become unemployed in the coming months, things will only get worse from here,” said Basri, who added that the country’s youth unemployment stood at almost 20 per cent in 2018.

Indonesia, which has 268 million people and is Southeast Asia’s largest economy, had 133 million workers as of last August, according to official data.

Close to 10 per cent or about 12.27 million are university graduates but among this group, about 5.67 per cent or some 730,000 were unemployed. This was higher than the country’s overall unemployment rate at that time, which was 5.28 per cent.

‘Ghosts’ deployed to scare Indonesians into staying home to slow spread of the coronavirus
GETTING IT RIGHT
Economists say, however, that all is not lost. Much will depend on policy and how governments focus on battling the virus on the public health and economic fronts. They point to Singapore, which has launched a robust response to the crisis.
On April 6, the Singapore government announced its third budget in two months to help companies and households tide over the crisis. In all, Singapore’s total stimulus package, which aims to save jobs and keep funds flowing to companies, will cost the government a massive S$59.9 billion (US$42 billion).
The Singapore government was also preparing for a labour market that would be reluctant to hire fresh graduates on a full-time basis, said Theseira.
“There are plans to implement large-scale subsidised traineeships, which may be more palatable to companies which are worried about taking on permanent headcount this year,” he noted. “As the economic situation improves, they can be converted to permanent positions.”
The next coronavirus: how a biotech boom is boosting Asian defences
4 Mar 2020

While jobs were being created for fresh graduates, many would still have to temper their expectations, such as taking jobs with lower starting pay, said DBS Bank economist Irvin Seah.

“There are still some jobs to go around. There are still some companies that may need workers. But they will need to be realistic,” he said.

For instance, despite the downturn, Singapore telco Singtel expects to recruit over 300 fresh graduates for various permanent positions this year, according to Aileen Tan, the company’s Group Chief Human Resources Officer. Many of the new hires will be in new growth areas such as the Internet of Things, analytics and cloud.

The Singtel Comcentre building in Singapore. Photo: Roy Issa
The Singtel Comcentre building in Singapore. Photo: Roy Issa
Other companies that continue to hire include those in tech across the region, including e-commerce giant Shopee, food-delivery service Foodpanda and Amazon.
In Australia, Borland suggested helping young people to remain plugged into the labour market through government-funded paid internships, or even offering them loans to go for further studies and prevent a spell of unemployment.
For now, while some young jobseekers are taking a wait-and-see approach, the reality is hitting hard for others.
Final-year National University of Singapore student H.P. Tan had all but secured a job at a public relations firm last month, after three rounds of interviews.
The Faculty of Arts and Social Sciences undergraduate was rejected via an email from the agency, which said that they could no longer hire after Covid-19 started to drastically cut business.
“When I got that rejection, it was a turning point. I didn’t think I would be directly impacted,” said the 23-year-old.
“I also applied to a few other agencies but the response has been slow, so I am now freaking out at the possibility of not being able to find a job after graduation.”
Source: SCMP
23/03/2020

Coronavirus: ‘strange pneumonia’ seen in Lombardy in November, leading Italian doctor says

  • Virus was circulating ‘before we were aware of the outbreak in China’, says Giuseppe Remuzzi, director of the Mario Negri Institute for Pharmacological Research
  • Italy has now reported more than 4,800 deaths from Covid-19, more than any other country in the world
Italian doctors became aware of a “strange pneumonia” circulating in the Lombardy region in November. Photo: AFP
Italian doctors became aware of a “strange pneumonia” circulating in the Lombardy region in November. Photo: AFP
A “strange pneumonia” was circulating in northern Italy as long ago as November, weeks before doctors were made aware of the novel coronavirus outbreak in China, one of the European country’s leading medical experts said this week.
“They [general practitioners] remember having seen very strange pneumonia, very severe, particularly in old people in December and even November,” Giuseppe Remuzzi, the director of the Mario Negri Institute for Pharmacological Research in Milan, said in an interview with the National Public Radio of the United States.
“This means that the virus was circulating, at least in [the northern region of] Lombardy and before we were aware of this outbreak occurring in China.”
Remuzzi’s comments came as scientists continue to search for the origin of the coronavirus. Chinese respiratory disease expert Zhong Nanshan said earlier that although China was the first to report the pathogen, it was not yet certain where it actually came from.

Remuzzi said it was only recently that he had heard from Italian doctors about the disease, which meant it had existed and been spreading without people’s knowledge.

Despite reporting its first locally transmitted coronavirus infections – in Lombardy – only on February 21 – it had had only imported cases before then – Italy has since had more than 53,000 confirmed cases and 4,825 deaths from Covid-19, the disease caused by the pathogen. By comparison, China has had just over 81,000 cases and 3,261 fatalities.

Italy suspended all flights to China on January 31, the first nation to do so.

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In the central China city of Wuhan, where the epidemic was first identified, doctors began noticing a “pneumonia with an unknown cause” in December. The first known infection in the city can be traced back to December 1.
A report by the South China Morning Post said that the first Chinese case might have been as early as mid-November, but that has not been confirmed by Beijing.

The current thinking among the scientific community is that the first infection in Lombardy was the result of an Italian coming into contact with a Chinese person in late January. However, if it can be shown that the novel coronavirus – officially known as SARS-CoV-2 – was in circulation in Italy in November, then that theory would be turned on its head.

The debate over the possible origin of the pathogen has also been at the heart of a war of words between Beijing and Washington, with US President Donald Trump repeatedly referring to it as the “Chinese virus” and US Secretary of State Mike Pompeo calling it the “Wuhan virus”, infuriating Beijing in the process.
Chinese foreign ministry spokesman Zhao Lijian took to Twitter to contest the claims.

“By calling it ‘China virus’ and thus suggesting its origin without any supporting facts or evidence, some media clearly want China to take the blame, and their ulterior motives are laid bare,” he said.

He then went on to suggest that the coronavirus outbreak might have started in the United States and been carried to Wuhan by the US Army.

Source: SCMP

17/03/2020

Taj Mahal: ‘Monument of love’ shuts down amid coronavirus fears

Tourists wear face masks as a preventive measure against the spread of the COVID-19 coronavirus outbreak, near Taj Mahal in Agra on March 5, 2020Image copyright GETTY IMAGES
Image caption The Taj Mahal is one of the world’s leading tourist attractions.

India’s iconic monument Taj Mahal has shut down to halt the spread of the coronavirus, officials say.

The culture ministry said tens of thousands visit the “monument of love” every day and it was “imperative to shut it down”.

The Taj Mahal is one of the world’s leading tourist attractions, and draws as many as 70,000 people every day.

India has 137 reported cases of Covid-19 and three related deaths. It has tested 6,000 people so far.

On Tuesday, the Indian government announced that all monuments and museums run by the Archaeological Survey of India across the country have also been shut to keep people safe.

Culture Minister Prahlad Patel said all the 143 monuments and museums would remain shut until 31 March and the decision would be reviewed after the shutdown period.

On Tuesday, a 60-year-old doctor in the southern state of Karnataka tested positive after treating a man who died from the coronavirus last week.

Media caption Everything you need to know about the coronavirus explained in one minute

India has taken a number of steps to halt the spread of Covid-19:

  • All visas, barring a select few categories, have been suspended for a month
  • Visa-free travel afforded to overseas citizens of the country has been suspended until 15 April and even those allowed in could be subject to 14 days of quarantine
  • Schools, colleges and movie theatres in most states have been shut until 31 March
  • The Indian Premier League (IPL), featuring nearly 60 foreign players and scheduled to begin on 29 March, has been postponed to 15 April

India’s health ministry says it was among the first countries in the world to prepare for an outbreak of the respiratory illness, and denied allegations that it was slow in testing suspected cases.

Experts say that India is in a critical phase where it needs to halt community transmissions. The country has only tested 6,000 people so far and many believe that it’s not enough to halt the spread. Experts say that India needs to start testing thousands daily to effectively stop community transmissions.

The government says it’s prepared and has now allowed even private labs to test, apart from government-run labs.

Source: The BBC

08/10/2019

China’s leading robot maker improves lives of the elderly

SHENYANG, Oct. 8 (Xinhua) — China’s leading robot maker, SIASUN Robot & Automation Co., Ltd., said it has been developing robots that can provide better services for the aged.

Based in Shenyang, capital of northeast China’s Liaoning Province, SIASUN’s products have been utilized in nursing institutions, medical institutions and hospitals for the elderly.

So far, the company has created more than 20 kinds of robotic products, including intelligent robots for daily care, intelligent beds, semi-automatic bed chairs and walking aids.

The enterprise said robots could assist the elderly in daily care, which would increase efficiency and reduce the labor intensity of nursing staff.

“With the increasing aging population, there is a huge market and room to grow for rehabilitation robots for the elderly in China,” said Li Xuewei, general manager of SIASUN’s medical and health robot division.

Li said service robots for the elderly and the disabled, such as nursing and rehabilitation robots, would be in high demand in the near future.

As a leading enterprise in China’s robotics industry, SIASUN’s products have been exported to more than 30 countries and regions.

Source: Xinhua

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