Page 18 - Demo
P. 18
DIRECTORYOFSINGAPOREPROCESS&CHEMICALSINDUSTRIES2024/202512Energy&Chemicals(E&C)industryremainsasakey contributor to Singapores economyProcessConstructionandMaintenance(PCM)sectorisacriticalsupportingfunctiontotheE&CindustryASPRIremainsakeypartnerindrivingtheindustrysgrowthandenergytransitioneffortsbyworkingwithPCMcompaniesplantownersgovernmentagenciesandothertradeassociationsSecuringmanpowerremainsachallengeafterCOVIDitisimperativethatweincreaseourworkersproductivitythroughupskillinganddeepskillingthemassoonaspossibleThegovernmentishighlyencouragingcompaniestostarttrainingtheirworkforcenowtoqualifyunderthenewenhancedR1frameworkbeforeitsimplementationon1stJanuary2026ByimprovingourworkersproductivitycompaniesshouldreapthebenefitsegsecuringprojectsimprovedprofitabilityInadditiontoupskillingourworkforcecompaniesarealsoencouragedtoadoptmoremechanisationandautomationtodriveproductivitygainsWiththeincreasedproliferationofartificialintelligence(AI)inthemanufacturingindustrycompaniesareencouragedtoexploreleveragingAIandotherinnovationstostreamlineoperationsandoptimizeresourcesThiswillhelpcompaniesinmaintainingourcompetitiveedgeandoperationalexcellenceThirdlyIwouldencouragecompanieswhohaveyettobecertifiedundertheProductivityCertificationFramework(PCF)tobecertifiedCertifiedcompanieshaveseentremendousbenefitsegimprovedproductivityandprofitabilitytotheirbusinessFinallythereisanupcomingimportantmilestoneforbothE&CandPCMsectorsTheCentreofExcellence(CoE)forthePCMsectorwillbecommissionedin4thQuarter2024ItissignificantasthisCoEwillbeco-ledbyASPRIandSCICsupportedbyEDBandEnterpriseSingaporeItwillcontinuetodevelopmeasuresbytheindustryfortheindustrytoimproveproductivityandforSingaporetoremaincompetitiveinattractingcapitalprojectsAtEDBwelookforwardtothecontinuedpartnershipwithASPRILetsworktogethertopropelSingaporesE&CindustryandProcesssectorintoaneweraofsustainablegrowthKwangKoonWayVicePresidentSingaporeEconomicDevelopmentBoardMESSAGEKwangKoonWayVicePresidentSingaporeEconomicDevelopmentBoard
