Home News Featured News Ong Ye Kung: We need to embrace the double-edged sword that is...

Ong Ye Kung: We need to embrace the double-edged sword that is technology

Author

Date

Category

- Advertisement -

On Wednesday, the Institute of Banking and Finance (IBF) in Shenton Way launched the IBF Careers Connect, a one-stop centre where finance professionals can look for job matching, career development and training advice

The launch saw Education Minister Ong Ye Kung as the guest of honour.

Speaking at the launch, Mr Ong, said that the IBF Careers Connect would be the first to focus on the financial industry.

Mr Ong also said that while embracing technology can help to raise the country’s competitiveness and workforce capabilities, as well as create more jobs, innovation remains a doubled-edged sword.

- Advertisement -

He continued saying that, “If the first phase (of embracing technology) is not handled well, sentiments of workers will turn against us. This first wave is the most critical because it directly affects people’s jobs and livelihoods.”

Many others who spoke at the event also emphasised upon the need for technology to be harnessed and made use of.

IBF’s chief executive Ng Nam Sin said, “It took the personal computer 10 years to reach the mass market and it took the Internet 4 years to reach 50 million users. We think digital technology is going to be more viral and it will hit how we work and how we live much faster.

The financial sector has been working its way toward a digital shift, with many banks going digital.

Ms Tricia Li, a bank teller at POSB since 1994, was asked by the media if she was worried that technology might just replace her, she replied, “No doubt there were some customers who said ‘Oh you’re going to be replaced by these machines’ but I told them no worries.”

She also added, “We have to be positive. If the changes need to come, we have to accept.”

________________________________________________________________________

obbana@theindependent.sg

Send in your scoop to news@theindependent.sg 

- Advertisement -

Almost 8 out of 10 vote PN can’t survive GE 15 without UMNO

Almost eight out of 10 respondents on a Twitter survey voted that Bersatu will not survive GE-15 without UMNO, according to BFM radio survey held this morning (22/2/2021) during its Morning Run programme. Of the 206 voters (respondents) in the final countdown,...

Foodpanda rider called “Blur Sotong” by netizen

Singapore — A Foodpanda rider shared his unfortunate experience with a customer. He took to Facebook on Saturday morning (Feb 20), sharing screenshots of the conversation. Posted by Chan Okada SJ on Friday, 19 February 2021 The rider shared that the customer had asked...

Journalist claims Karen Mok is the only woman Stephen Chow has ever thought of marrying

Hong Kong -- Last year, comedian Stephen Chow's public and ugly legal battle with his former girlfriend over their finances gave a rare peek into the personal life of the fiercely private 58-year-old. It was reported that out of all the women...

Send in your scoop to news@theindependent.sg 

Theindependent