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THE ONGOING economic integration of the Association of South East Asian Nations (ASEAN) block is creating potential opportunities for Indonesia’s workforce, but thy may not have skills to take advantage without proactive vocational training programmes, economists have warned.

“Qualification mismatch is still a significant issue for young people in Indonesia today,” Emma Allen, Jakarta-based country economist for the Manila-based Asian Development Bank (ADB), told People Management.…

MINIMUM wage increases undertaken every two years by the Malaysian government are doing more harm than good to the country’s low-skilled workers, an expert has warned.

Dr Carmelo Ferlito, senior fellow at Malaysia’s Institute for Democracy and Economic Affairs (IDEAS) argued that a higher minimum wage could help create a “higher unemployment rate among the low-skilled workers due to automation.”…

A smarter approach to asset integrity is proving to be the cost-effective answer to corrosion and erosion in ageing oil and gas assets. Indeed, the global oil and gas industry is maintaining a sharp focus on costs as operators grapple with ‘end or extend’ decisions over the commercial life of ageing assets in a lower-for-longer oil price environment.…

Amid concerns about a growing shortage of workers in Russia’s textile industry, leading companies are looking to recruit staff from India, China and other emerging market nations.

According to latest data from the Russian ministry of industry and trade, the current vacancy rate across the country’s textile industry is 36%.…

PUBLIC authorities in the south Asian island nation of Maldives are themselves developing the country’s main Ibrahim Nasir International Airport, after a dispute with India’s GMR Group ended in a costly arbitration ruling.

This dated back to 2010 when GMR Male International Airport Ltd (GMIAL), a subsidiary of India’s GMR Infrastructure Ltd, signed a concession agreement with the Maldives government and the Maldives Airport Company Ltd (MACL) to modernise and operate the airport.…

Beijing’s new international airport, tentatively named Beijing Daxing International Airport, saw the steel structure of its terminal buildings completed on June 30, suggesting that its operations will begin in 2019 as planned.

Located 46 km south of the Chinese capital’s city centre, the airport is meant to take pressure of the Beijing Capital International Airport (BCIA), which is reaching its capacity limits, and the project draws much additional rationale from the Chinese central government’s ambitious decision to build a new megacity at Xiongan in northern China, as announced in April.…

WORK is advancing on a major expansion of Santiago’s Pudahuel International Airport to cope with Chile’s rapidly-growing aviation market. But airlines feel they are bearing more than their share of the USD1 billion construction cost.

Officially known as Arturo Merino Benítez International Airport, the facility has been Chile’s gateway to the world since it opened 50 years ago.…

INDUSTRY 4.0 and the Internet of Things are gathering pace, says Europe’s largest industry group for manufacturing systems engineering, Verband Deutscher Maschinen- und Anlagenbau e.V. (VDMA) in Germany. Elgar Straub, managing director at VDMA Textile Care, Fabric and Leather Technologies said: “Thanks to digital textile printing, it is now possible to print apparel, shoes and technical textiles directly.…

A MAJOR Japanese corporation with significant meat trading interests – Mitsui & Co Ltd – is undergoing talks on potential business opportunities with the Rusagro Group, one of Russia’s largest vertically integrated livestock and agricultural holding companies.

Hiroo Yoshida, of Mitsui’s corporate communications division has confirmed that Mitsui has acquires a token amount – 0.005% – of Rusagro’s capital and the companies are “exploring the possibility of co-operation”.…

THE EUROPEAN Union (EU) economic partnership agreement with Japan – its sixth most important trading partner – struck yesterday (July 6) at an EU-Japan Summit in Brussels, will benefit the EU meat industry greatly, experts say.

EU agriculture Commissioner Phil Hogan has hailed it as “the most significant and far-reaching agreement ever concluded in agriculture.”…