1710 mr victor tay panel discussion

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1710 mr victor tay panel discussion

  1. 1. Asia Workforce – Adapting Business Practiceto Changing Demographics in AsiaVictor TayChief Operating OfficerSingapore Business Federation@ NTUC BuildingNov 2011
  2. 2. Asia: the most populous continent 60% of world population is in Asia 2
  3. 3. Asia Pacific - fastest growing population and urbanization…Source: Compiled from United Nations, World Urbanization Prospects:, United Nations, New York. Table 1: Urban Population Trends in Selected Countries of South East Asia 1980-2020Country Urban population as a percentage of total population Percentage change in urban population territory Total Population 1980 1990 2000 2010 1980 1990 2000 2010 2020 1990 1990 2000 2010 2020 (million)Malaysia 15 34.6 43.0 51.2 58.4 64.8 +11.6 +18.2 +7.2 +6.4Myanmar 42 24.0 24.8 28.4 35.4 43.3 +0.8 +3.6 +7.1 +7.9Philippines 62 37.4 42.7 48.9 55.7 62.5 +5.3 +6.2 +6.8 +6.2Singapore 3 100.0 100.0 100.0 100.00 100.0 0.0 0.0 0.0 0.0Thailand 55 17.1 22.2 28.9 36.7 44.7 +5.1 +6.7 +7.8 +8.0Vietnam 67 19.2 19.9 22.3 27.4 35.1 +0.7 +2.4 +5.1 +7.7
  4. 4. Asia Economy: Share of Global GDP Creation 4
  5. 5. Asia Economy: Business Competitiveness vs GDP per capita 5
  6. 6. Asia Economy: Employment Specialization in Asia 6
  7. 7. Inevitable Trends: The Silver Economy Older, Richer, Health and Wellness
  8. 8. Population Census: Reflection of Workforce Composition 8
  9. 9. Asia Workforce: Life Expectancy Increase will mean Postponed Retirement 9
  10. 10. Middle Class Surge: Wealth Creation or Wage Increase Middle Class Surge

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