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11DIRECTORYOFSINGAPOREPROCESS&CHEMICALSINDUSTRIES2023/2024technologyplayersinthedigitalizationandsustainabilitysectorslearningaboutthetransitiontowardsgreenerenergyandexploringpotentialcollaborationsThirdinlinewithourcommitmenttoSustainability welaunchedournew taglineTowardsaSustainableProcessIndustryduringour25th-yeargaladinnerThistaglinerepresentsourambitiontofosteragreenerandmoresustainableprocessindustryWiththesoftlaunchofoursustainabilitychapterin2022ourteamisdiligentlycuratingawarenessprogramstocatertointerestedmemberswhichtheycanlookforwardtointhenearfutureASPRIremainssteadfastinourmissiontofacilitategrowthopportunitiesforourmembersaligningwiththenationalmovementtowardsdigitalisationinternationalizationandsustainabilityWewillcontinuetosupportourmembersintheseareasanddrivetheprocessindustrytowardsaprosperousandsustainablefutureTowardsTheNewNormalIn 2023 we have witnessed a year filled withconcernsabouttheimmediatefuturewhileholdingontohopeforabettertomorrowThewarinUkrainecontinueswithnoclearendin sightprolonging the quest forpeaceTheTaiwanStraitsandSouthChinaSeahaveexperiencedasignificantincreaseinnavalactivitiesadding toregional tensionsTheongoingtensionsbetweentheUnitedStates andChinaremainunresolvedleavinguncertaintiesabouttheirfuturetrajectoryFurthermoretheglobalbankingsectorhasshownsignsofstrainhighlightedbythenotablegovernment-facilitatedbuyoutofCreditSuissebyUBSTheseglobalchallengesinparthavecontributedtothepersistentmediafocusoninflationandtheloomingpossibilityofarecessionSuchconcernshavecastashadowofuncertaintyoverthebusinessclimateOurmembershaveexpressedrisingcostconcernsincludingissuessuchasdormitorypricesmaterialcostsandlabourshortagesinouryear-endMinistryofFinance(MOF)budgetsurveyASPRIis fullyawareof thesechallengesandhasbeenactivelyengagingourmembersaswellasstakeholdersfromthepublicandprivatesectorstovoiceourconcernsandcollectivelyseeksolutionsByworkingtogetherandsharingourexperiencesweaimtonavigatethroughthesechallengingtimesandfindwaystoaddresstheissuesimpactingourindustryConclusionASPRIisdeeplycommittedtobeingavisibleandcrediblepartnerintheprocessindustryWerecognizetheimportanceofstayingresponsivetotheevolvingneedsoftheindustryandwillcontinuetoadaptaccordinglyOur aimis to further strengthenour connections engage with ourmembersandgrowalongsidethemensuringthatweremainavaluableresourceandsupportsystemfortheindustryInconclusionIstronglyencourageallDannyChua14thExecutiveCouncilPresidentAssociationofProcessIndustrymemberstoactivelyconnectandengagewithusItisthroughyoursupportthatASPRIhasgrown fromamodestassociationwith50memberstoathrivingcommunityofover600strongin just25 years Wehavetransitioned from a fledgling organization toa well-establishedandself-sustainingentitycapable of effectively training our workforceandadvocatingonbehalfofourmembersWithyourcontinuedsupportASPRIwillcontinue toprogressenablingus toprovideevengreatergrowthopportunitiesforourmembersandensuringthatwepossessthenecessaryknowledgeandinsightstoeffectivelylobbyforourcollectiveinterestsTogether wecanachieveremarkable thingsandshapeaprosperousfuturefortheprocessindustry