Huawei Launched iTalent@Digital Solution to Enable National ICT Talent Development

[Singapore, 2 July 2018] Huawei launched the iTalent@Digital Solution for National Information Communications Technology (ICT) Talent Development to prepare the workforce for the digital age. Witnessed by Centre of Technical Excellence Sarawak (Centex) Malaysia, the state government of Sarawak Malaysia and other guests, Huawei provides insights on ICT talent supply and demand, national ICT competency standard and curriculum design and development to assure the talent pool build up. It addresses the up-skilling and re-skilling challenges that the industry is currently facing.

The iTalent@Digital Solution will bridge the gap of digital competency by offering industrial-oriented and practical based ICT training program. The program is conducted through learning cloud which allows the ICT professionals to upgrade themselves anywhere, anytime. Furthermore, ICT professionals who attended the program will receive a globally recognized certificate which will value-add to their career path in the industry.

“Huawei provides a customized end-to-end competence development solution to nurture talents with the right skills and know-how to support public sector and organization’s strategy and transformation. In this region, we are partnering with the state government of Sarawak Malaysia to produce a series of programs that will address the local need,”James Xu, Head of Global Learning Service, Huawei.

“The entire world, including Malaysia is focusing on digital economy, fueled by big data, cloud computing, blockchains, artificial intelligence, Internet of things, automation, robotics and more. Sarawak needs to be part of the digital economy to boost our country’s GDP,” said Sabariah Putit, Deputy State Secretary of Sarawak Malaysia.

According to Haji Syeed Mohd Hussien, Chief Executive Officer of Centexs Malaysia, “The key enablers that will drive the transformation of Sarawak’s digital economy are digital infrastructure, digital skills and talent management, research and development, innovation and entrepreneurship, big data, cyber security and digital inclusivity. This has to be a collaborative effect between the government, private business sector and the community of Sarawak, so that we can leverage from each other to leapfrog in the transformation.”

“Through the partnership with Huawei, we are launching the iTalent@Digital Solution to ensure the ICT skillset of our workforce meets the transformation,” he added.

A discussion was conducted during the session to address the three key challenges that were identified, namely the up-skilling and re-skilling of ICT talents, motivation for science, technology, engineering and mathematics (STEM) and facility, as well as the concern on strategy and leadership. Representatives from Singapore Info-communications Media Development Authority (IMDA), National University of Singapore (NUS), Singapore SGTech, Philippines Department of Information and Communications Technology (DICT), Malaysia Digital Economy Corporation (MDEC), Malaysia Sarawak Multimedia Authority, Centre of Technical Excellence Sarawak (Centex) Malaysia, Hong Kong CMI, SFIA Foundation and several more influencers from the industry have shared their opinions and ideas to tackle the challenges.

The rapid update of technology and business models in the new digital era will require new roles and skillsets. Continuous training and talent development programs will boost the competency and capabilities to ensure the talent supply meets the industry demands. This event themed‘Re-skilling for the Digital Age – A Seminar on Future Talent’ was held in conjunction with one of the largest Technology Trade Show – ConnecTechAsia 2018 in Singapore.

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Big Tech, Not Fintech, Causing Greatest Disruption to Banking and Insurance Markets

  • Fintech start-ups have fallen short of their ambitions to upend the competitive landscape in finance, driving innovation but failing to capture large market share, a new World Economic Forum report finds
  • The competitive landscape in banking and insurance is being shaped increasingly by large technology firms supplying critical technology to the sector, opening the door to direct competition at a later stage
  • Meanwhile, regulatory approaches to financial innovation are diverging in the US, Europe and Asia, potentially jeopardizing the likelihood of a concerted global response in a future financial crisis

New York, USA 22 August 2017 – Financial institutions’ drive to become more “experience-driven” is opening the door to potential competition from global technology giants, according to a report published today by the World Economic Forum.

According to the report, Beyond Fintech: A Pragmatic Assessment of Disruptive Potential in Financial Services, the challenge to banks and insurers is down to large technology firms hollowing out the value proposition of these institutions by carrying out more core functions, even as banks and insurers lean ever more heavily on them to compete.

Another finding of the report, which aims to examine the impact of innovation on the financial ecosystem, is that fintech start-ups, while achieving success in terms of changing the basis for competition, have had less impact than expected in disrupting the competitive landscape.

“The partnership between banks and large tech companies risks not staying a reciprocal one,” said Jesse McWaters, lead author of the study, and Project Lead, Disruptive Innovation in Financial Services at the World Economic Forum. “Financial institutions increasingly rely on technology firms for their most strategically sensitive capabilities, but can so far only offer their ongoing business in return.”

The report draws on interviews and workshops with hundreds of financial and technology experts. It highlights cloud computing, customer-facing artificial intelligence and “big data” customer analytics as three capabilities that are becoming critical to the competitive differentiation of financial institutions. All three are domains where technology giants like Amazon, Google and Facebook have far deeper experience than their financial services counterparts and where scale effects will make it difficult for financial institutions to catch up. As a result, many banks and insurers are turning to technology firms to provide these core functions.

Examples include:

  • Amazon Web Services (AWS), which provides services to dozens of finance companies, including Aon, Capital One, Carlyle, Nasdaq, Pacific Life and Stripe
  • Brazil’s Banco Bradesco Facebook app, which allows customers to conduct day-to-day banking from Facebook, relying on the social network’s customer data analytics to target users
  • Capital One and Liberty Mutual’s “Alexa” solution (a voice-activated personal assistant), which allows customers to check balances, pay bills and track spending through these devices

While these partnerships can accelerate innovation, the report points out that they also pose a risk should large technology players choose to enter financial services in direct competition with retail banks and insurers.

“Tech giants would be able to pick and choose their points of entry into financial services; maximizing their strengths like rich datasets and strong brands, while taking advantage of incumbent institutions’ dependence on them,” said McWaters. As a result, financial institutions will likely need to walk a challenging line between capitalizing on the services of large technology players and becoming dependent on them.

For customers, the entry of large technology firms into financial services could mean entrusting both their financial and non-financial data to the same company. For policy-makers it would raise serious questions about how best to avoid both anticompetitive behaviour and the inappropriate use of personal data in decision-making.

The findings suggest a move away from a focus on the potential competitive threat of high-tech financial services start-ups, typically called “fintechs”. Much research, including the World Economic Forum’s 2015 report on The Future of Financial Services, suggested that “niche” fintechs could stage a broader disruption of the financial system. But, while they have deeply influenced the direction of innovation in the industry, there are growing doubts about their ability to directly challenge incumbent financial institutions.

“Fintechs have changed the basis of competition in financial services, but not the competitive landscape” said Rob Galaski, Partner, Americas FSI Regional Leader, Deloitte Canada, and co-author of the report. “Fintechs now define the tempo and direction of innovation in financial services, but high customer switching costs and the rapid response of incumbents has challenged their ability to scale”.

Robo-advisers, which provide automated investment advice to customers at low fees, provide an instructive example of incumbents responding to fintech. Early innovators like Betterment and Wealthfront have shown significant growth, with assets under management of $6.7 billion and $4.4 billion, respectively, at the end of 2016. However, they have been dwarfed by incumbents that have created their own robo-advisory offerings, such as the Vanguard Advisor platform, which had $47 billion in assets under management as of the end of 2016.

“The ability to be a fast follower has proven more important than being first for large financial institutions,” said Galaski. “Agile incumbents have used the fintech ecosystem as a supermarket for capabilities, making the ability to nurture and rapidly form partnerships a critical ingredient to banks’ competitive success.”

Another of the report’s findings notes the emergence of distinct financial systems in China, Europe and the United States, raising concerns for international regulatory coordination. The report observed that, in China, large technology companies like Ant Financial (a subsidiary of Alibaba) and Tencent (the parent company of WeChat) have emerged as leading providers of a range of financial services – a striking departure from the traditional bank-led model dominant in the United States. Meanwhile in Europe, the forthcoming enactment of the Second Payment Services Directive (more commonly called PSDII) is expected to open up banks’ customer data, creating an environment of more active competition between incumbents and new entrants.

“Technology is not driving a global convergence in customer experience, instead divergent customer demand and regulatory priorities are creating distinctly regionalized financial ecosystems” said Bob Contri, Principal, Deloitte Consulting LLP (US); Deloitte Global Financial Services Industry Leader, and an adviser to the report. “This could pose a serious challenge to regulatory coordination, as regulators struggle to understand the disparate impact of global regulations on each region”.

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HUAWEI REINFORCES ECOSYSTEM INNOVATION AND LEADERSHIP AT COMMUNICASIA 2017

SINGAPORE, May 23, 2017 – Huawei Technologies announced collaboration and partnerships with 20 key industry peers at this year’s Huawei eco-Connect conference, held in conjunction with CommunicAsia 2017.

The series of partnerships, announced over the course of the three-day trade conference from 23 to 25 May at Sands Expo & Convention Center, Singapore, reinforced Huawei’s continued stronghold of the cloud ecosystem in the Southern ASEAN and Oceania region. The partnerships also demonstrate Huawei’s commitment to empower its cloud partners and build synergies that will: (1) support the growth of the cloud ecosystem; (2) enable more businesses of all sizes and industries to tap on the opportunities of cloud technologies; and (3) accelerate the region’s digital economy transformation.

Mr Lim Chee Siong, Chief Strategy and Marketing Officer of Huawei Southern Pacific Region, said, “The role information and communications technology (ICT) infrastructure play as the catalyst for socioeconomic growth has never been more prominent and critical. In fact, the recently released Global Connectivity Index 2017 demonstrated that for every additional US$1 of infrastructure investment in information and communications technology (ICT), it will create a return of US$3 in the current GDP and a potential return of US$5 in GDP in 2025. This equates to an accumulative US$17.6 trillion in GDP that will boost global economic growth in 2025.”

Lim added, “ASEAN demonstrates great potential for an intelligent, connected future – one that harnesses the full spectrum of benefits that future technologies such as Internet of Things has to offer to governments, businesses and consumers. From Huawei’s perspective, the region represents a collective of key growth markets that are strategic to our business and vision to build a connected future for all.”

Huawei currently offers its Cloud Platform to enable customers to build new business models and increase revenue streams in the digital age. Huawei also identifies growth opportunities, and hence the emphasis, on IoT-as-a-Service where telecommunications operators and industry partners will be equipped with a holistic approach to IoT services. Other areas for growth identified by Huawei include Video Cloud hosting services for entertainment, gaming, education and business.

To drive innovation and glocalisation of technology services in Singapore, Huawei also recently invested and established a Customer Solution Innovation & Integration Experience Center (CSIC), OpenLab, and jointly introduced the i5Lab with NUS Enterprise. The collaboration aims to cater to the industry’s needs for incubation of innovative ideas, training, research support, funding, testing and certification in the region.

Huawei continues to develop industry alliances and partnerships with businesses, open source communities, as well as developer platforms to unleash greater potential for innovation, as well as promoting the growth and sustainability of the ecosystem. Existing partners such as SAP, i5Lab, Ascent, Itron, Fusionex, Redtone and more form the growing line of collaborators who share expertise, solutions and networks to realise the region’s connected future ambition.

To enable the development of an open, conducive platform where the innovation ecosystem players can engage, learn, share best practices, and grow business match-making opportunities, Huawei will be organizing a series of insights-driven platforms such as an IoT Ecosystem Forum, Asia Pacific Telco Content Forum, Singapore Channel Partner Summit, and Smart City Roundtable that gather all key stakeholders of the innovation ecosystem ranging from governments to regulators, operators, developers and content providers.

Extending the experience to the CommunicAsia Expo, Huawei and its partners will showcase at its booth cloud applications in business and consumer-simulated environments, as well as the latest IoT innovation in sectors such as utilities, energy, transportation, public safety and infrastructure, as well as waste and drainage management.

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About Huawei
Huawei is a leading global information and communications technology (ICT) solutions provider. Our aim is to enrich life and improve efficiency through a better connected world, acting as a responsible corporate citizen, innovative enabler for the information society, and collaborative contributor to the industry. Driven by customer-centric innovation and open partnerships, Huawei has established an end-to-end ICT solutions portfolio that gives customers competitive advantages in telecom and enterprise networks, devices and cloud computing. Huawei’s 170,000 employees worldwide are committed to creating maximum value for telecom operators, enterprises and consumers. Our innovative ICT solutions, products and services are used in more than 170 countries and regions, serving over one-third of the world’s population. Founded in 1987, Huawei is a private company fully owned by its employees.

For more information, please visit Huawei online at http://www.huawei.com or follow us on:

http://www.facebook.com/HuaweiAPAC
http://www.youtube.com/HuaweiAPAC

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Smart Future Technologies on Display at CommunicAsia, EnterpriseIT and BroadcastAsia 2017

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GLOBAL MARITIME AND NAVAL STAKEHOLDERS CONVERGE AT BIGGEST EVER IMDEX ASIA

Record participation by maritime & naval forces, and strongest industry support to-date highlight growing regional maritime security and defence agenda

Changi Exhibition Centre

Imdex Asia 2017

SINGAPORE, 15 May 2017 – Global stakeholders have converged at the biggest ever IMDEX Asia to discuss ways to ensure maritime and naval security & defence in the Asia-Pacific region. The 11th edition of IMDEX Asia is being held this year in conjunction with the Republic of Singapore Navy’s 50th anniversary celebrations (RSN50), and will take place from 16 to 18 May 2017 in Singapore at the Changi Exhibition Centre.

Biggest Participation by Maritime Defence and Naval Forces

Participation by high-level delegations and representatives from global maritime defence and naval forces at IMDEX Asia is at an all-time high. IMDEX Asia 2017 will host a record number of Chiefs of Navy, Vice-Chiefs and Directors-General of Coast Guard, as well as representatives from navies and Coast Guards from over 40 countries.

Visitors and attendees will have the rare opportunity to get up close with the largest ever gathering of 28 foreign warships from 20 navies at IMDEX Asia 2017. In addition, vessels from the Republic of Singapore Navy including the first-of-class Littoral Mission Vessel – the RSS Independence, will be on full view at the IMDEX Asia 2017 Warships Display. (Please refer to Annex A for the full list of participating warships.)

Strongest Industry Support To-Date

IMDEX Asia 2017 also features the largest ever exhibition in the show’s history featuring 230 participating companies from 29 countries, including increased participation by both returning and new exhibitors from countries like France, Germany, Israel and Italy among others.

  • The China Pavilion with representation by Zhuhai Prefecture, is making its debut this year, while the India Pavilion, which made its debut in 2015, is returning to IMDEX Asia by taking up twice as much space as before.
  • Our exhibitors span a wide spectrum from traditional sectors like shipbuilding, armaments and propulsion systems, to emerging technologies including maritime cybersecurity, unmanned systems, imaging and simulation.
  • They include new exhibitors such as Asia Security Technologies, Baglietto Navy, CAE, Controp Precision Technologies, Ferretti Security & Defence, Huntington Ingalls Industries, Intermarine, IMI Systems, Jeumont Electric, Larsen & Toubro, Marine Commerce, MTech Imaging, Nova Systems, Orbit Communication Systems, Parsh Marine and Tractors Singapore.
  • Returning exhibitors including Austal, Damen, DCNS, Israel Aerospace Industries, Leonardo, Lockheed Martin, L3 Technologies, Privinvest Shipbuilding Group, Rafael Advanced Defence Systems, Rheinmetall, Saab, ST Engineering, Thales, ThyssenKrupp Marine Systems and Wartsila will also be at the show.

“IMDEX Asia has grown into a key global platform for facilitating the vital discussions that not only address the rising wave of opportunities and challenges in the Asia-Pacific, but also focus on the critical need for regional maritime and naval security & defence cooperation,” said Mr Leck Chet Lam, managing director, Experia Events, organiser of IMDEX Asia 2017. “The strong support and participation from the industry and navies resulting in the biggest IMDEX Asia this year will continue to motivate us as we evolve IMDEX Asia to further enable stakeholders and key industry players from across the spectrum to collaborate on achieving maritime stability and security in the Asia-Pacific region.”

Facilitating discussions around the regional maritime security and defence agenda

Maritime trade and commerce in Asia-Pacific is growing rapidly, with more than 50 percent of global container traffic, and about US$5 trillion of global ship-borne trade passing through the region every year. At the same time, incidents of piracy increased by nearly 30 percent in the region from 2010 to 2014, even as total worldwide incidents declined by 45 percent over the same period1.

The increasing need to safeguard and ensure the continuity of maritime growth is giving rise to an increase in defence spending. Naval budgets are projected to increase by 60 percent through 2020, with nineteen Asia-Pacific countries accounting for nearly one-third of global defence budgets, and more than one-third of all active-duty military personnel1.

All of these developments underscore the expanding role of neutral platforms like IMDEX Asia in facilitating key discussions around the regional maritime security and defence agenda. The two IMDEX Asia strategic conferences will gather leading experts and academia from around the world to discuss issues related to maritime security and present the latest technologies on naval platform design and developments.

  • The fifth International Maritime Security Conference (IMSC 2017) brings together Chiefs of Navy and Directors-General of Coast Guard from around the world for high-level discussions on “Safe and Secure Seas: A Vision for a Maritime Region”. It will focus on the development of a cooperative security approach to create critical capabilities that will enhance the safety of our complex maritime landscape.
  • The third Asian edition of the prestigious International Naval Engineering Conference, INEC@IMDEX Asia 2017, seeks to generate high level exchanges and discussions around the theme of “Robust Designs, Flexible Capabilities”, to address key challenges faced by the naval engineering industry. An additional highlight for INEC@IMDEX Asia 2017 is the exclusive tour to the RSS Independence for this year’s conference delegates.
  • The Technology Seminars offer exhibitors the opportunity to showcase their latest and most innovative technologies as well as provide in-depth understanding of the design and technological considerations of the products being showcased. Visitors can take advantage of the chance to exchange ideas with the presenters.

In addition to the above, IMDEX Asia 2017 will also host its first Commercial Maritime Cyber Security Forum on 18 May. The session will bring high-profile naval and maritime industry players to discuss the modern maritime threat landscape and the vulnerability of valued vessels to cyber-attacks.

“The Republic of Singapore Navy is glad to again co-organise IMDEX Asia 2017 with Experia Events. IMDEX Asia has grown from strength to strength over the years. Besides the gathering of a large number of trade exhibitors, the event also brings together like-minded navies and maritime enforcement agencies to discuss and build practical cooperation towards enhancing maritime security and a rules-based maritime order at sea.” Said Colonel (COL) Ong Chee Wei, Commander First Flotilla / Commanding Officer Missile Corvette Squadron, Republic of Singapore Navy.

Organised by Experia Events, IMDEX Asia is supported by the Republic of Singapore Navy, the Defence Science and Technology Agency, the Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP) Information Sharing Centre, the Maritime and Port Authority of Singapore (MPA), and Singapore Exhibition & Convention Bureau.

Posted in (COL) Ong Chee Wei, 2017, Asia Security Technologies, Baglietto Navy, CAE, Commercial Maritime Cyber Security Forum, Controp Precision Technologies, Experia Events, Ferretti Security & Defence, Huntington Ingalls Industries, IMDEX Asia, Intermarine, IMI Systems, Jeumont Electric, Larsen & Toubro, Marine Commerce, Mr Leck Chet Lam, MTech Imaging, Nova Systems, Orbit Communication Systems, Parsh Marine, Republic of Singapore Navy, Singapore, Tractors Singapore, Zhuhai Prefecture | Leave a comment

Inaugural Rotorcraft Asia and Unmanned Systems Asia 2017 Established as the Region’s Key Touchstone Events for the Industry

 

The success of the first Rotorcraft Asia and Unmanned Systems Asia saw the participation of key industry leaders and quality discussions

SINGAPORE, 25 April 2017 –The inaugural editions of Rotorcraft Asia and Unmanned Systems Asia, held from 18 to 20 April 2017, received very strong reception and participation from the breadth of leading industry companies and experts, regulators, top executives and academics, establishing them as key touchstone events for the industry.

The inaugural editions hosted over 3,000 trade attendees from 52 countries, of which 24 percent attendees were from overseas. The attendees engaged in high-quality discussions on industry challenges, showcased innovative solutions, and forged strategic partnerships to unlock and drive the industry’s growth potential in the region.

“Home to Singapore Airshow, Asia’s largest aerospace and defence event, and now to Rotorcraft Asia and Unmanned Systems Asia, Singapore has established its leading position in providing key strategic platforms for the global fixed wing, rotary wing and unmanned systems industry participants to converge, forge partnerships and tap into the region’s growth potential,” said Mr Leck Chet Lam, Managing Director, Experia Events. “We are very encouraged by the positive response to the inaugural events and the fact that industry players are looking at Rotorcraft Asia and Unmanned Systems Asia as must-attend events with its offering of business collaborations, industry knowledge and networking opportunities. We will continue to have a pulse on the industry and bring more exciting dimensions to the future editions.”

“We are very thrilled to see that the attendance at the Rotorcraft Asia and Unmanned Systems Asia 2017 is concentrated around the innovations in the industry, especially as both industries start to converge. Participating at the events as founding sponsors reaffirms our commitment to the industries in Singapore and the Asia-Pacific region,” said Christophe Nurit, Regional Executive Asia Pacific, Sikorsky, a Lockheed Martin Company.

Contributing to the vibrancy of Singapore’s Aviation Landscape

The robust networking and business opportunities that the inaugural Rotorcraft Asia and Unmanned Systems Asia have provided for the Asia-Pacific region and beyond make it a critical part of the ecosystem of Singapore’s aviation and aerospace industry, contributing to the long-term sustainability of the industry and opening doors to key markets for local and global companies alike.

“Rotorcraft Asia and Unmanned Systems Asia are very targeted events that have allowed us the opportunity to interact with a myriad of audience who represent the industry’s entire ecosystem,” said Lu Weiyao, Co-Founder and Technical Director, Flare Dynamics Pte Ltd. “The level of exposure that we have attained by participating in the events have gone through the roof and we are certain that from the leads generated at the events, we will be able to expand our network further.”

Additionally, networking programmes such as the VIP Buyers Programme facilitated strategic meetings with public sector representatives from Vietnam, the Philippines, Malaysia, Myanmar, Brunei as well as leading industry players such as BP, Shell Aviation, PT Derazona Air Service, Macquarie Rotorcraft Leasing, PhilJets Group, Thai Helicopter Services, Waypoint Leasing among others.

“Rotorcraft Asia and Unmanned Systems Asia have established a unique platform for us to meet with high-level executives and manufacturers as well as learn more about the industry trends and forecasts for the region,” said Thierry Tea, CEO, PhilJets Group. “As we continue to grow and expand, the events give us an edge into this dynamic industry.”

Catalyst for Strategic Partnerships Across the Region

Rotorcraft Asia and Unmanned Systems Asia also saw the announcement of several significant collaborations, affirming its position as an effective strategic platform of choice for leading industry companies, solutions providers and innovators from across the industry.

Announcements made at the inaugural events include the Airbus Helicopters and SingPost partnership for drone delivery trials.The project, named “Skyways”, aims to develop an aerial drone delivery system for urban environments like Singapore. An initial trial involving transporting small packages using a drone around the National University of Singapore (NUS) campus is expected to take place in early 2018.

“It is a well-organised event. We are happy to meet various customers, partners and suppliers at this event, to share ideas and discuss opportunities to grow the market in this region. We hope to see even more participants from the various mission systems for a more sustainable showcase,” said Philippe Monteux, Head of Region, Southeast Asia & Pacific, Airbus Helicopters.

Bell Helicopter also had leveraged the events to solidify several partnerships and deliveries across key markets such as Indonesia, India and Vietnam. Tata Steel Group has purchased a second Bell 429 helicopter to support their steel production operations. Air Pacific Utama (PT APU) also signed a purchase agreement of the first Bell 407GXP and Customer Advantage Plan (CAP), the first Asia-based customer to sign for the new service solution, at Rotorcraft Asia and Unmanned Systems Asia.

“We are pleased with the response to the first edition of the biennial Rotorcraft Asia and Unmanned Systems Asia exhibition,” said Sameer A. Rehman, Managing Director, Bell Helicopter Asia Pacific. “We were able to celebrate multiple successes during the exhibition as well as showcase our emerging product technologies and share our vision for the future of rotorcraft.”

Rotorcraft Asia 2017 and Unmanned Systems Asia 2017 are organised by Experia Events with the support of the Civil Aviation Authority of Singapore, the Defence Science and Technology Agency, International Enterprise Singapore, the Ministry of Transport, Singapore, the Singapore Economic Development Board and the Singapore Exhibition and Convention Bureau.

The second edition of Rotorcraft Asia and Unmanned Systems Asia, held from 16 to 18 April 2019 at Changi Exhibition Centre, will continue to demonstrate industry relevance to exhibitors and visitors by anticipating market trends, introducing new features as well as offering exhibitors the opportunity to present their latest and most innovative technologies to potential buyers.

For more information, visitwww.rotorcraft-asia.com andwww.unmannedsystems-asia.com.

Posted in 2017, Airbus Helicopters, CEO, Christophe Nurit, City, Co-Founder and Technical Director, Event, Experia Events, Flare Dynamics, Lockheed Martin, Lu Weiyao, Philippe Monteux, PhilJets Group, Regional Executive Asia Pacific, Rotorcraft Asia, Shell Aviation, Sikorsky, Singapore, SingPos, Thierry Tea, Uncategorized, Unmanned Systems Asia | Leave a comment

The Asian Tourism Century is Arriving as Japan, China, South Korea and India Boost Region’s Tourism-Friendliness

Geneva, April 6 2017 – Spain, France and Germany continue to top the travel and tourism rankings in the World Economic Forum’s Travel and Tourism Competitiveness Report 2017, released today, but Asia steals the show as the region’s largest economies show the greatest rise in tourism-friendliness. The report ranks 136 countries across 14 separate dimensions, revealing how well countries could deliver sustainable economic and societal benefits through their travel and tourism sector.

Apart from the ranking, the report also shows how the industry is a force for good in an otherwise largely stagnant global economy. The global travel and tourism sector accounts for 10% of global GDP, grows faster than other sectors and provides one in 10 jobs. Underpinning this growth is the increasing accessibility and affordability of travel, although environmental challenges remain and many countries underperform in making technological strides.

The top three in the ranking – Spain, France and Germany – have secured their position thanks to world-class natural and cultural resources, outstanding infrastructure and hospitality services. Traditional strong travel and tourism destinations, including Japan (fourth), the United Kingdom (fifth), the United States (sixth, down two places), Australia (seventh), Italy (eighth), Canada (ninth) and Switzerland (10th), have also made it in the top 10. Switzerland, however, made a steep fall from sixth to 10th place, while Japan (fourth, up five) gained most places.

T10

While advanced economies still hold the top spots in the ranking, 12 of the top 15 most improved countries are emerging markets, with Asia’s as exponents. Asia’s largest markets are not only becoming larger source markets but also more attractive destinations. Almost all of the region’s countries improved their ranking. Except for Japan, Hong Kong (11th, up two), China (15th, up two), Republic of Korea (19th, up 10) and Malaysia (26th) also made it to the top 30, while India made the largest leap in the top 50 (up 12 places) to land in 40th place.

“The rise of Asia’s giants shows that the Asian Tourism Century is becoming a reality,” said Tiffany Misrahi, Community Lead of the Aviation, Travel and Tourism Industries, World Economic Forum. “To reach their potential, the majority of countries still have more to do, from enhancing security, promoting their cultural heritage, building their infrastructure and creating stronger visa policies.”
T10-most-improved-and-BRICS

The Travel and Tourism Competitiveness Report 2017 finds that the increasingly protectionist global context, one that is hindering global trade, is not holding back international travel. Travel and tourism’s resilience is clear as the industry continues to build bridges between people and stronger visa policies are being developed to enhance security while facilitating travel. In light of the Fourth Industrial Revolution, evidence suggests that, connectivity has increasingly become a must-have for countries as they develop their digital strategy.

“The increasing importance of demand from emerging markets and technology are changing the travel and tourism sector’s landscape at a fast rate,” said Roberto Crotti, Economist, World Economic Forum. “The capacity of countries to respond to and embrace these structural shifts will determine the future success of destinations.”

The report contains detailed country profiles for the 136 economies featured in the study, including a comprehensive summary of their overall positions in the index and a guide to the most prominent travel and tourism competitive advantages and disadvantages of each. Also included is an extensive section of data tables that cover each indicator used in the index’s computation.

The World Economic Forum produced the report in collaboration with its data partners Bloom Consulting, Deloitte, the International Air Transport Association (IATA), the International Union for Conservation of Nature (IUCN), the UNWTO and the World Travel & Tourism Council (WTTC). 

The launch of the report will happen today live from Buenos Aires at 12:15 PM EST. More than 1,000 participants are taking part in the 12th World Economic Forum on Latin America in Buenos Aires, Argentina from 5 to 7 April 2017. The theme of the meeting is “Fostering Development and Entrepreneurship in the Fourth Industrial Revolution”.

Posted in 2017, Asian Tourism Century, China, Country, Japan, Report, Roberto Crotti, Theme, Tiffany Misrahi, Travel and Tourism Competitiveness Report, World Economic Forum | Leave a comment