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