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Profile:Mharicar Castillo-Reyes, President and CEO of Asticom, The Philippines

Where do you see work opportunities for Gen Z? When considering work opportunities for Gen Z? Tech-enabled companies such as Asticom present a wealth of promising prospects. Gen Z is a digitally native generation, and their tech-savvy nature aligns perfectly with the demands of this industry. In the shared services and outsourcing spheres where Asticom operates, there are opportunities in areas such as customer support, data analysis, digital marketing, and IT services, where Gen Z can leverage their familiarity with technology to excel. Focusing on preparing Gen Zs for promising work opportunities, we initiated various programs in Asticom. One of them is AstiELEVATE, a cadetship program that aims to help aspiring young professionals develop their skills and carve out careers through real-world experience. For those taking the Tech path, we’ve partnered with a coding boot camp to help cadets build their software development, web design, and engineering skills. By the end of the program, they were deployed to our subsidiaries. Moreover, we recognize and address Gen Z’s inclination toward work-life integration by offering flexible work arrangements encompassing remote work. How do you see their skill(s) level for adaptability? Having grown up in an age where technology is part of daily life, Gen Z workers are highly savvy in using technology. This is a valuable skill set in today’s rapidly evolving business landscape. They have grown up in a world of constant change, and their ability to quickly learn new technologies, adapt to different work environments, and embrace innovative solutions is a great asset. They are easily taught and can smoothly adapt to new technologies and platforms that are introduced to them. Sometimes, they are even the ones at the forefront of emerging technologies. They are comfortable with various digital tools and platforms, positively impacting their work efficiency and, thus, the […]

PLN to develop electricity ecosystem in Tanzania

Tanzania Electric Supply Co. Ltd. (TANESCO), a parastatal company incorporated in 1931, has adopted a business transformation implemented by Indonesian state-owned electric company PT PLN (Persero), aiming to carry out similar developments in Africa. The agreement was marked by the signing of a Memorandum of Understanding (MoU) between President Director of PLN, Darmawan Prasodjo and Managing Director of TANESCO, Maharage Chande, in the presence of Indonesian President, Joko Widodo and Tanzanian President, Samia Suluhu Hassan in Dar Es Salaam, Tanzania, on August 22. The signing of an MoU between PLN and TANESCO signifies a significant milestone in the field of international business cooperation. This agreement entails the adoption of PLN’s successful business transformation model by TANESCO, ultimately demonstrating PLN’s intention to expand its presence in the global market. President Director of PLN Darmawan Prasodjo explained that the MoU was a follow-up to a previous meeting in Jakarta on February 10, 2023, with Tanzania’s Minister of Energy, January Makamba and TANESCO Management, regarding a cooperation with Indonesia in developing Tanzania’s electricity sector ecosystem. Darmawan added the MoU specifically outlines four key areas of collaboration. First, it highlights the importance of digital-based transformation, indicating a joint effort to embrace technology and innovation to enhance efficiency and reliability in power supply services, such as Digitalised Power Plant, Digitally Enabled Distribution Excellence, and Super App utility. Secondly, the MoU emphasises the development of the core utility business which includes which includes Maintenance, Repair, and Operation (MRO), and Collaborative Co-investment. The third point of cooperation focuses on the development of non-core utility businesses such maintenance, repair, and operations (MRO). Finally, the MoU highlights the importance of capacity building and comprehensive exchange through an internship program between PLN and TANESCO. This initiative aims to facilitate knowledge transfer and skill development between the two companies, fostering a […]

C-Suite Spot Podcast: Do you really have it under control? Lessons from the front line

In this episode Laura Air and Emily Svadlenak talk to California-based strategic communications expert Leeza Hoyt. Having worked on a wide range of issues – from the heart-breaking impacts of shootings, to helping corporates navigate some gnarly mishaps – we delve into some of the lessons she’s learnt over the years. We talk about the answers to questions including: Is there a common thread in managing far-ranging issues? How to stay calm…or, help clients to retain some sense of calm in the storm? What role does media training play in times of crisis? What can Leaders and Boards do to ensure their risk mitigation strategy is ready to roll at a moments’ notice? https://thecontentplace.podbean.com/ The c-Suite Spot Leaders. What keeps you up at night? Welcome to the C-Suite Spot, the podcast series that expands the traditional term of what a ‘boss’ is to tackle some of the most important issues in business from start-up, through step-up, succession planning and scaling a corporate or global business. Leadership can be lonely. In this series we talk with and learn from inspiring leaders from all walks of life, touching on important topics about how to really live, successful business strategies, overcoming challenges, managing an issue or crisis, getting your company structure right and implementing well, making the tough calls, balancing life and work and getting our priorities right. From business as usual and growing your market to everyday leadership issues or handling 100-year events and everything in between – we aim to provide ongoing inspiration and education and a meeting place for CEOs, founders, management, shareholders and leadership. You can listen to the podcast on all major platforms including: Apple: https://podcasts.apple.com/nz/podcast/the-c-suite-spot/id1538676422 Spotify: https://open.spotify.com/show/6fRFUP5qeSeMj8dBCncSAK iHeart: https://www.iheart.com/podcast/269-the-c-suite-spot-73692882/#

Crown Machinery rewarded with Enterprise Asia Linchpin of Asia Award 2023

With 30 years of experience, customer-oriented manufacturing capability, and excellent after-sales service, Crown Machinery Company Limited (Crown Machinery) is a professional machinery manufacturer in Taiwan that is well-regarded by major multinational companies. Equipped with high-quality design and manufacturing teams, it has the ability to provide up-to-date market analysis and comprehensive plant planning tailored to the needs of its customers. Established in 1992, Crown Machinery initially focused on turnkey designs for the PU & PVC synthetic and artificial leather industries. Throughout the years, it has been consistently focused on the development and innovation of process machinery that does coating, drying, and lamination. The equipment produced by Crown Machinery has been successfully marketed to over 30 countries in Europe, America, Asia, and the Middle East, serving over 280 domestic and foreign customers. Having a global mindset, it strives to provide monitoring and maintenance services with zero time difference to customers around the world. Crown Machinery’s success and commitment to excellence throughout the decades have earned the company the esteemed title of Linchpin of Asia at the Enterprise Asia Linchpin of Asia Awards 2023. The Awards is a premier recognition program dedicated to honoring only the most excellent and elite industry leaders and enterprises exclusively selected across Asia. The prestigious recognition underscores Crown Machinery’s ability to constantly adapt and innovate to remain at the forefront of the ever-changing and competitive market. Since its establishment, Crown Machinery has adhered to the mission of creating a learning-oriented enterprise, maintaining a sustainable business, working for the benefit of mankind, and making Earth a better place. Even with its in-demand processing machinery, Crown Machinery works hard to maintain strong customer relationships. It takes pride in the fact that it can provide service on a global level. This includes its ability to remotely monitor and provide global […]

TSMC, Bosch, Infineon, and NXP establish to bring advanced semiconductor manufacturing to Europe

Robert Bosch GmbH, Infineon Technologies AG and NXP Semiconductors N.V. will jointly invest in European Semiconductor Manufacturing Company (ESMC) GmbH, in Dresden, Germany to provide advanced semiconductor manufacturing services. ESMC marks a significant step towards construction of a 300mm fab to support the future capacity needs of the fast-growing automotive and industrial sectors, with the final investment decision pending confirmation of the level of public funding for this project. The project is planned under the framework of the European Chips Act. The planned fab is expected to have a monthly production capacity of 40,000 300mm (12-inch) wafers on TSMC’s 28/22 nanometer planar CMOS and 16/12 nanometer FinFET process technology, further strengthening Europe’s semiconductor manufacturing ecosystem with advanced FinFET transistor technology and creating about 2,000 direct high-tech professional jobs. ESMC aims to begin construction of the fab in the second half of 2024 with production targeted to begin by the end of 2027. The planned joint venture will be 70% owned by TSMC, with Bosch, Infineon, and NXP each holding 10% equity stake, subject to regulatory approvals and other conditions. Total investments are expected to exceed 10 billion euros consisting of equity injection, debt borrowing, and strong support from the European Union and German government. The fab will be operated by TSMC. “This investment in Dresden demonstrates TSMC’s commitment to serving our customers’ strategic capacity and technology needs, and we are excited at this opportunity to deepen our long-standing partnership with Bosch, Infineon, and NXP,” said Dr. CC Wei, Chief Executive Officer of TSMC. “Europe is a highly promising place for semiconductor innovation, particularly in the automotive and industrial fields, and we look forward to bringing those innovations to life on our advanced silicon technology with the talent in Europe.” Dr. Stefan Hartung, chairman of the Bosch board of management: “Semiconductors are not only a […]

SIAF to return as SPS – Smart Production Solutions Guangzhou in 2024

SPS – Smart Production Solutions Guangzhou, formerly known as SIAF, will return to the China Import and Export Fair Complex in Guangzhou from 4 – 6 March 2024. Over the past 14 years, the show has offered a critical sourcing platform to companies seeking to enter the South China manufacturing market. The show’s renaming signifies a renewal of its concept, reflecting its development within the region while elevating it to an official member of the globally-recognised SPS brand. With this change, SPS – Smart Production Solutions Guangzhou will synergise with SPS in Germany, facilitating the flow of resources and expertise between fairs under the brand. The show’s renaming highlights SPS – Smart Production Solutions Guangzhou’s expanding influence within the smart manufacturing industry. Through aligning with SPS, the exhibition will be better able to leverage global resources and collaborate with other fairs under the brand. This strategic move aims to bring additional international attention to the show, and will allow it to provide a more diverse range of opportunities to the industry. Expansive ambitions, returning exhibitors As in previous years, the fair will offer an unrivalled platform for exhibitors to showcase a range of cutting-edge technologies including drive systems and motion controls, sensor technologies, control technologies, interface technologies, human-machine interfaces, mechanical infrastructure, industrial communication, manufacturing software, and more. The upcoming show will occupy an expansive 30,000 sqm of floor space across three halls of the complex, and expects to bring together over 500 exhibitors. The industry has shown immense support for the upgraded fair with nearly 40% of the exhibiting space already reserved. Of those who have confirmed their attendance, nearly 60% are returning exhibitors from SIAF, with this impressive rebooking rate highlighting the industry’s continued belief in the event’s success. Some of the leading companies who have confirmed […]

Zoomlion Construction Machinery makes strides in international Markets

Zoomlion Heavy Industry Science & Technology Co., Ltd. is making significant progress in international markets, fulfilling substantial product deliveries in the Middle East, Australia, and Southeast Asia region. This achievement spotlights Zoomlion’s internationalisation and localisation development strategy, underlining its commitment to providing high-quality products and services worldwide. In the Middle East, Zoomlion’s performance has been remarkable. In Saudi Arabia, its excavators, were deployed for NEOM, the “City of the Future.” The quality and quick delivery of these products increased customer satisfaction and led to more orders. Its 110-ton and 80-ton truck cranes are set to be used in Yanbu, a western city in Saudi Arabia, and dozens of concrete mixers have been delivered to Yamama Cement Co., the country’s oldest cement manufacturer. Similar success was experienced in the United Arab Emirates (UAE) and Kuwait, where Zoomlion’s efficient overseas business system enabled rapid fulfillment of large orders. Leveraging its robust overseas business systems, the company swiftly delivered eight out of an order of 17 truck pumps to the UAE in just over 20 days. The speedy fulfillment was facilitated by its Gulf subsidiary based in Dubai’s Jebel Ali Free Trade Zone, cutting shipping time from China by over a month. “Our three-tier network layout covers all the major markets in Saudi Arabia, ensuring a rapid response for service spare parts. We’re seeing a marked increase in customer satisfaction,” said Liu Jianwei, Zoomlion’s National Manager in Saudi Arabia. Australia saw the launch of Zoomlion’s first 4S store for earth-moving machinery. This fully equipped facility is set to provide comprehensive sales and after-sales services to clients, showcasing Zoomlion’s commitment to customer satisfaction. Meanwhile, in Malaysia, Zoomlion delivered three wet spraying machines for the challenging East Coast Rail Link construction, highlighting the company’s ability to create adaptable and effective solutions for diverse […]

China, Indonesia, and Vietnam to lead global growth for coming decade

China, India, Indonesia, Uganda, and Vietnam are projected to be among the fastest-growing economies for the coming decade, according to researchers at the Growth Lab at Harvard University. The new growth projections presented in The Atlas of Economic Complexity include the first detailed look at 2021 trade data, which reveal continued disruptions from the uneven economic recovery to the global pandemic. China is expected to be the fastest-growing economy per capita, although its growth rate is smaller than gains seen over the past decade. Growth over the coming decade is projected to take off in three growth poles, East Asia, Eastern Europe, and East Africa. Several Asian economies already hold the necessary economic complexity to drive the fastest growth over the coming decade to 2031, led by China, Cambodia, Vietnam, Indonesia, Malaysia, and India. In East Africa, several economies are expected to experience rapid growth, though driven more by population growth than gains in economic complexity, which include Uganda, Tanzania, and Mozambique. Eastern Europe holds strong growth potential for its continued advances in economic complexity, with Georgia, Lithuania, Belarus, Armenia, Latvia, Bosnia and Herzegovina, Romania, and Albania all ranking in the projected top 15 economies on a per capita basis. Outside these growth poles, the projections also show potential for Egypt to achieve more rapid growth. Other developing regions face more challenging growth prospects by making fewer gains in their economic complexity, including Latin America and the Caribbean and West Africa. “Countries that have diversified their production into more complex sectors, like Vietnam and China, are those that will lead global growth in the coming decade,” said Ricardo Hausmann, director of the Growth Lab, professor at the Harvard Kennedy School (HKS), and the leading researcher of The Atlas of Economic Complexity. “China and Vietnam already realised many of the income […]

Ho Chi Minh crossover talks spark dialogue on Taiwan’s role in Vietnam manufacturing’s AI evolution

Profet AI, a Taiwanese AutoML enterprise solution provider for the manufacturing sector, joined forces with Hive Ventures to hold the Crossover Talks forum in Ho Chi Minh City, Vietnam, on June 19th. The forum aimed to facilitate knowledge exchange and collaboration between Taiwan’s leading experts and local enterprises in Vietnam, regarding AI implementation, digital transformation, and talent development in manufacturing. Jerry Huang, Co-founder and CEO of Profet AI explained that the decision to host the event stemmed from discussions with customers eager to venture into the Vietnamese market. Addressing the main feedback regarding a lack of knowledge about the local market, Profet AI and Hive Ventures embarked on a thorough two-month exploratory market study. As a result, the Crossover Talks forum was organized to bridge this gap effectively. Vietnam has emerged as a thriving industrial hub in recent years, becoming a global magnet for the wave of manufacturers shifting their operations to new markets. Vietnam’s industrial sector, grew 9.9% in 2022[1], a year that marks the 30th anniversary of Taiwan-Vietnam trade relations, where bilateral trade volume closed in on US$ 28 billion. Taiwan is now Vietnam’s fifth-largest trading partner, with an annual trade volume growth rate of 24.4%[2] Early impressive growth has been somewhat tempered by the recent slowdown in global demand. To tackle this challenge head-on, the forum emphasised harnessing AI’s potential to mitigate the downturn and fuel sustainable growth in Vietnam’s manufacturing industry. The Crossover Talks brought together 80 companies from Taiwan and Southeast Asia, and leading speakers voices from the academic, manufacturing, and business spheres, including Yan Lee, Founding Partner of Hive Ventures, Justin Chen, Information Center Manager of Maxxis, Kenny Chiu, Vice President of Shuttle Service Co. Ltd., James Chan, Innovation Advisor at Acon-Holding Inc., Professor Dr. Chia-Yen Lee of the Department of Information Management at […]

Hexagon machine training system help manufacturers bridge skills gaps

New training technology now available globally from Hexagon’s Manufacturing Intelligence division leverages the power of its digital twins to help manufacturers train machinists and metrology specialists to use valuable shop-floor equipment. By combining hardware that realistically replicates machines with manufacturing simulation and operator’s software tools, it helps trainees gain practical experience without risking damage to expensive business-critical equipment, wasting materials, or tying up valuable production resources. HxGN Machine Trainer was developed by Hexagon to help companies and educational institutions attract and train the next generation of machine workers – something that is vitally important with the industry facing a skills and labour shortage. In the US, for example, job openings are hovering near all-time highs at 800,000 with 55% of roles unfilled 1, while almost three in 10 manufacturing firms in Europe reported production constraints in the second quarter of 2022 due to a lack of workers 2. The skills shortage is compounded by the fact that training people to use CNC machines, and similar tools, is expensive, slow and potentially dangerous. By training machine operators using an accurate and interactive physical simulator, manufacturers can onboard and upskill their staff faster and more cost effectively than ever before. Hexagon’s new hardware simulator bridges the manufacturing skills gap by making it easier to prepare inexperienced staff for the demands of the factory. It is versatile because a digital twin can be created for the specific machine brand, type and configuration they will use. Once trained, workers can easily move from HxGN Machine Trainer to real machines, because the simulator is designed to be as realistic as possible – with hardware that replicates the look and feel of a real machine and a 43-inch screen that displays accurate simulations of a large variety of machine and cutting tools. A light tower, physical […]

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