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29DIRECTORYOFSINGAPOREPROCESS&CHEMICALSINDUSTRIES2024/2025TALKONTHEINDUSTRIAL&COMMERCIALPROPERTYMARKETOUTLOOKFOR202416March2024(WEBINAR)INCREASEYOURCOMPETITIVEADVANTAGETHROUGHSTRONGERDATAPROTECTIONPRACTICES26March2024IncollaborationwithAssociationofSingaporeMarineandOffshoreEnergyIndustries(ASMI)ASPRIispleasedtoannouncethesuccessofourrecenttalkonthePropertyMarketOutlookin2024TheeventwhichwasheldattheTradeAssociationHubwasattendedby26participantsfrom16companiesThesessionbroughttogetherindustryleaderstodiscussthelatestJurongTownCorporation(JTC)guidelinesandexploreopportunitiesintheindustrialpropertyspaceaswenavigatethroughaneweconomiccycleamidgeopoliticalandeconomicuncertaintiesThetalkprovidedvaluableinsightsandstrategiesfornavigatingthecurrenteconomiclandscapeensuringourmembersarewell-preparedfortheupcomingchallengesandopportunitiesASPRI
MedipartneredwithInfocommMediaDevelopmentAuthority(IMDA)toholdawebinaronAchievingBusinessAdvantagethroughStrongerDataProtectionThewebinarwasattendedbyover30participantsfrom13companiesThespeakerforthissessionwasMrAlvinTohanIMDA-appointedspeakerfromStraitsInteractiveMrTohstartedthesessionbysharingthatfrom2020to2021therewerea51%increaseinSingaporefirmsthatwerehitbyransomwareattacksandthattheaveragetotalcostofadatabreachsufferedbycompaniesis$287millionSubsequentlyMr Toh touchedon theoverviewofthePersonalDataProtectionAct(PDPA)whatitisandwhyisitimportantformembercompaniesFollowingtheoverview2casestudiesweresharedonthebreachofPDPAandthefinesimposedontherespectivecompaniesMrTohalsosharedonthehelpandresourcesavailablefororganisationstotaponandstressedonthelawrequirementofeveryorganisationinSingaporetoappointaDataProtectionOfficerviaACRABizFile+IthadbeenaninsightfulsessionforASPRIsmemberswithplentyofvaluabletakeaways
