Asia Workforce – Adapting Business Practice

to Changing Demographics in Asia

Victor Tay Chief Operating Officer

Singapore Business Federation

@ NTUC Building

Nov 2011

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Asia: the most populous continent 60% of world population is in Asia

Asia Pacific - fastest growing population and urbanization…

Table 1: Urban Population Trends in Selected Countries of South East Asia 1980-2020

Country Urban population as a percentage of total population Percentage change in urban population territory

Total

Population

1990

(million)

1980 1990 2000 2010 2020 1980

1990

1990

2000

2000

2010

2010

2020

Malaysia 15 34.6 43.0 51.2 58.4 64.8 +11.6 +18.2 +7.2 +6.4

Myanmar 42 24.0 24.8 28.4 35.4 43.3 +0.8 +3.6 +7.1 +7.9

Philippines 62 37.4 42.7 48.9 55.7 62.5 +5.3 +6.2 +6.8 +6.2

Singapore 3 100.0 100.0 100.0 100.00 100.0 0.0 0.0 0.0 0.0

Thailand 55 17.1 22.2 28.9 36.7 44.7 +5.1 +6.7 +7.8 +8.0

Vietnam 67 19.2 19.9 22.3 27.4 35.1 +0.7 +2.4 +5.1 +7.7

Source: Compiled from United Nations, World Urbanization Prospects:, United Nations, New York.

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Asia Economy: Share of Global GDP Creation

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Asia Economy: Business Competitiveness vs GDP per capita

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Asia Economy: Employment Specialization in Asia

Inevitable Trends: The Silver Economy Older, Richer, Health and Wellness

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Population Census: Reflection of Workforce Composition

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Asia Workforce: Life Expectancy Increase will mean Postponed Retirement

Middle Class Surge: Wealth Creation or Wage Increase Middle Class Surge