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Economy

Singapore faces biggest reskilling challenge in Southeast Asia

City-state races to retrain workforce for digital age

SINGAPORE -- Singapore will face the highest rate of job displacement resulting from technological disruption in Southeast Asia, and the country is racing to introduce countermeasures.

The government recently launched a new framework for the wholesale sector, providing training in areas like data analytics and digital marketing. The wholesale trade industry, which employs 9% of the country's workforce, is among those most at risk, and large trading houses are bracing for the disruption.

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