Logo of Phnom Penh Post newspaper Phnom Penh Post - ‘Boom coming’ says global space provider




‘Boom coming’ says global space provider

‘Boom coming’ says global space provider

The Nation (Thailand)/ANN: A​ PREDICTED boom in flexible working could contribute $10.04 trillion to the global economy by 2030, according to the first comprehensive socio-economic study of changing workplace practices commissioned by Regus, a global working space provider firm.

The survey conducted, by independent economists, studied 16 key countries to delve into the state of flexible working both now and through 2030.

Regus found that between eight and 13 per cent of all employment will be associated with flexible workspaces in most developed economies by 2030. Greater levels of flexible working will save businesses money, reduce operating costs and boost productivity – ultimately causing a ripple effect across the economy from core businesses through to supply chains.

The specific benefits include higher business and personal productivity, lower overheads for office space for companies using flexible workspace, and millions of hours saved commuting. All of these factors contribute to flexible working’s gross value contribution to the economy.

China and India are predicted to see the greatest gross value add (GVA) increase from flexible workspace, potentially experiencing an increase of GVA of 193 and 141 per cent in their respective economies.

This equates to $1.4 trillion for China and as much as $375.8 billion for India each year. While the US has a slightly lower per cent value-add to its economy from flexible working at 109 per cent, it will see the highest gross value increase at $4.5 trillion.

The study found that flexible working doesn’t just benefit economies – it also helps individuals. Remote workers were almost twice as likely to say they love their job as those in the same industry working in a traditional workspace.

A huge factor in this may be the time saved by individuals due to remote and flexible working. According to an accelerated growth model, which lays out a scenario for uptake of flexible working at a higher-than-current rate, cutting out the commute by working remotely could save 3.53 billion hours by 2030. That is equivalent to the time spent at work every year by 2.01 million people.

People in China, the US, India and Japan will see the greatest hours saved in the commute under the accelerated growth scenario. Working people in China will gain back two hours each, while workers in the US will have nearly a full extra day of leave by cutting out the commute.

Noelle Coak, the Regus country head for Thailand, Taiwan and Korea says that Regus Thailand business centres are part of a vibrant, evolving business landscape, supporting business development and expansion for emerging opportunities within Asean.

There is a real demand in Bangkok, as a growing centre of commerce with an expanding start-up culture, for flexible office space solutions such as Regus. Flexible solutions can act as a springboard to help new enterprises into profitability and success by controlling costs while enabling growth and increased productivity, said Coak.

MOST VIEWED

  • ADB says Kingdom to lose 390,000 jobs

    The Asian Development Bank (ADB) predicts Cambodia will suffer 390,000 job losses this year due to the Covid-19 pandemic. But it congratulated the government for its response to the crisis and its cash transfer programme for the poor and vulnerable. Last Wednesday, the ADB approved a $250

  • Fish with human-like teeth makes splash

    An image of a fish of the family Balistidae with human-like features made its rounds on social media after a Twitter user snapped a photo of his catch in Malaysia. The original post has received 675 comments, 8,200 retweets and more than 14,000 likes as of Tuesday. Astonishing

  • Gov’t not using EU aid for poor

    Prime Minister Hun Sen on Tuesday refuted as “baseless”, claims that the government had used financial aid from the EU to implement the programme to identify and support poor and vulnerable people during the Covid-19 pandemic. The prime minister was responding to Roth Sothy, a

  • Royal Group inks $35 million road deal on Koh Rong

    Royal Group Koh Rong Development Company and Sinohydro Corporation Limited reached a $35 million deal on Tuesday to build a 70km road on Koh Rong Island. The road will be 8m wide and is expected to take 16 months to complete, according to the plan approved by

  • Thai fence said to prevent illegal crossing

    Battambang and Banteay Meanchey provincial police say Thailand is not invading Cambodia after a series of social media posts about fences being built on the border raised alarms. Banteay Meanchey police chief Ath Khem said on Tuesday the information on social media on Sunday and

  • Nine more students from Saudi Covid-19 positive

    Prime Minister Hun Sen said preventing the spread of Covid-19 depends on each citizen. He expressed concern that the pandemic will continue for longer. Hun Sen said this after nine Cambodian students who recently returned to the Kingdom from Saudi Arabia were found to be

  • PM to vet NY holiday dates

    The Ministry of Economy and Finance submitted a letter to Prime Minister Hun Sen asking him to formally set a five-day national holiday from August 17-21 to make up for the Khmer New Year holiday in April that was postponed. Finance minister Aun Pornmoniroth sent

  • Cambodia rejects UN rights claim

    Cambodia's Permanent Mission to the UN Office in Geneva on Friday hit back at David Kaye, the UN special rapporteur on the Promotion and Protection of the Right to Freedom of Opinion and Expression after he raised concerns over the repression of free speech and

  • Snaring may spawn diseases

    The World Wildlife Fund (WWF) has warned that snaring of animals has become a crisis that poses a serious risk to wildlife in Southeast Asia and could spawn the transmission of zoonotic diseases to humans. Its July 9 report entitled Silence of the Snares: Southeast Asia’

  • Ex-party leader, gov’t critic named as secretary of state

    A former political party leader known for being critical of the government has been appointed secretary of state at the Ministry of Rural Development, a royal decree dated July 9 said. Sourn Serey Ratha, the former president of the Khmer Power Party (KPP), told The Post