18/04/2020
- 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
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Today, job offers are being withdrawn and hiring halted, leading to a spike in regional youth unemployment in the short term.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).
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.
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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.
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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
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
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
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
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23/10/2019
- Chinese geologists think they have formula that could help to increase control of market in the elements hi-tech industries depend upon
- Simple combination of clay mined for porcelain production, granite bedrock and acid rain could point to lucrative sources of rare earths
China has 80 per cent of the reserves of rare earth elements the world needs to keep talking on its smartphones, and geologists in Guangzhou think they know why. Photo: EPA
Geologists in southern China say they have isolated a series of critical factors that could make it easier to find
rare earth elements used in hi-tech consumer goods such as smartphones.
China has more than 80 per cent of the world’s reserves of heavy rare earths such as terbium, dysprosium and holmium concentrated in a few provinces to the south of the country.
The reason for the concentration is one of the biggest puzzles in geology, but researchers at the Guangzhou Institute of Geochemistry in Guangdong province say the answer may be found in a combination of clay deposits, acid rain and granite that is distinctive to southern China.
Professor He Hongping and his colleagues came to the conclusion by testing the interaction between rare earths and different types of clay. Through their research they found that kaolinite – or china clay – was the best at absorbing rare earths from water.
The clay, named after Gaoling village near Jingdezhen, a centuries-old ceramic production centre in east China’s Jiangxi province, is a raw material for porcelain production.
While kaolinite is found in many countries, those places do not have rare earth deposits – probably because of the lack of acid rain, He said.
“You need the right environment.”
He said that rocks that contained tiny amounts of rare earth elements weathered faster in an acid environment, but the acidity could not be too high or the rare earth might run off before it could be captured by the clay.
Why Beijing cut tax rate on rare earths amid trade war
Rainwater with the right natural acidity often occurred in areas around 20 degrees latitude, such as southern China, he said.
The last step was to locate the source rock. Granite formed in volcanic eruptions between 100 million and 200 million years ago is considered to be the main source of rare earths.
He said that part of the Pacific tectonic plate containing rare elements might have been forced under the Eurasian Plate and was pushed to the surface as magma that formed rocks.
Other countries could learn from the Chinese experience, said He, whose team submitted their findings to the research journal Chemical Geology.
Recent discoveries in Vietnam, Australia and North Carolina in the United States conformed to the Guangzhou team’s theory, but there was still more research to do, he said.
“Rare earth deposits are quite unlike minerals such as copper. Sometimes they occur in this mountain but not in another nearby with almost the same geological features. Sometimes they occur in one half of the mountain but not in the other.”
With China and the US engaged in a trade war, and Beijing cutting taxes on mining companies looking for these elements, the pressure was on to unlock the secrets of China’s abundant rare earth deposits, he said.
Does China’s dominance in rare earths hold leverage in trade war?
Dr Huang Fan, associate researcher with the China Geological Survey, said the Guangzhou discovery would help geologists to find more rare earths.
Most rare earth mines were located along the borders between provinces such as Guangdong and Jiangxi, but recently there were discoveries on a plateau in Yunnan province, where few geologists believed rare earths could be found, he said.
“There are many more rare earth deposits out there waiting for us.”
Source: SCMP
Posted in Acid rain, Australia, Chemical Geology, China alert, china clay, China Geological Survey, copper, discovered, dysprosium, formula, Gaoling, geologists, granite bedrock, Guangdong, guangdong province, Guangzhou, Guangzhou Institute of Geochemistry, hi-tech industries, holmium, Jiangxi Province, Jingdezhen, kaolinite, porcelain production, rare earth elements, rich, scientists, smartphones, terbium, trade war, Uncategorized, United States, Vietnam |
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04/10/2019
Chinese geologists think they have formula that could help to increase control of market in the elements hi-tech industries depend upon
- Simple combination of clay mined for porcelain production, granite bedrock and acid rain could point to lucrative sources of rare earths
China has 80 per cent of the reserves of rare earth elements the world needs to keep talking on its smartphones, and geologists in Guangzhou think they know why. Photo: EPA
Geologists in southern China say they have isolated a series of critical factors that could make it easier to find
rare earth elements used in hi-tech consumer goods such as smartphones.
China has more than 80 per cent of the world’s reserves of heavy rare earths such as terbium, dysprosium and holmium concentrated in a few provinces to the south of the country.
The reason for the concentration is one of the biggest puzzles in geology, but researchers at the Guangzhou Institute of Geochemistry in Guangdong province say the answer may be found in a combination of clay deposits, acid rain and granite that is distinctive to southern China.
Professor He Hongping and his colleagues came to the conclusion by testing the interaction between rare earths and different types of clay. Through their research they found that kaolinite – or china clay – was the best at absorbing rare earths from water.
The clay, named after Gaoling village near Jingdezhen, a centuries-old ceramic production centre in east China’s Jiangxi province, is a raw material for porcelain production.
While kaolinite is found in many countries, those places do not have rare earth deposits – probably because of the lack of acid rain, He said.
“You need the right environment.”
He said that rocks that contained tiny amounts of rare earth elements weathered faster in an acid environment, but the acidity could not be too high or the rare earth might run off before it could be captured by the clay.
Why Beijing cut tax rate on rare earths amid trade war
Rainwater with the right natural acidity often occurred in areas around 20 degrees latitude, such as southern China, he said.
The last step was to locate the source rock. Granite formed in volcanic eruptions between 100 million and 200 million years ago is considered to be the main source of rare earths.
He said that part of the Pacific tectonic plate containing rare elements might have been forced under the Eurasian Plate and was pushed to the surface as magma that formed rocks.
Other countries could learn from the Chinese experience, said He, whose team submitted their findings to the research journal Chemical Geology.
Recent discoveries in Vietnam, Australia and North Carolina in the United States conformed to the Guangzhou team’s theory, but there was still more research to do, he said.
“Rare earth deposits are quite unlike minerals such as copper. Sometimes they occur in this mountain but not in another nearby with almost the same geological features.
Sometimes they occur in one half of the mountain but not in the other.”
With China and the US engaged in a trade war, and Beijing cutting taxes on mining companies looking for these elements, the pressure was on to unlock the secrets of China’s abundant rare earth deposits, he said.
Does China’s dominance in rare earths hold leverage in trade war?
Dr Huang Fan, associate researcher with the China Geological Survey, said the Guangzhou discovery would help geologists to find more rare earths.
Most rare earth mines were located along the borders between provinces such as Guangdong and Jiangxi, but recently there were discoveries on a plateau in Yunnan province, where few geologists believed rare earths could be found, he said.
“There are many more rare earth deposits out there waiting for us.”
Source: SCMP
Posted in Acid rain, Australia, ceramic production centre, Chemical Geology, China alert, China Geological Survey, Chinese geologists, clay, control, copper, discovered, dysprosium, elements, Eurasian Plate, formula, Gaoling, geologists, granite bedrock, guangdong province, Guangzhou, Guangzhou Institute of Geochemistry, hi-tech industries, holmium, Jiangxi Province, Jingdezhen, kaolinite, lucrative sources, market, mined, need, Pacific tectonic plate, porcelain production, rare earth elements, rare earths, rich, scientists, smartphones, terbium, Uncategorized, United States, Vietnam, World |
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CHINDIA ALERT: You'll be living in their world, very soon 
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