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                                    48DIRECTORYOFSINGAPOREPROCESS&CHEMICALSINDUSTRIES2023/2024SEMINARONOPPORTUNITIESINOIL&GASSECTOR8September2022SEMINARONGSTRATECHANGEANDTRANSITIONALRULESEVENTRECAP15September2022EVENTHIGHLIGHTSASPRI
Mar
SingtogetherwithAssociationofMarineIndustries(ASMI)UAESingaporeBusinessCouncil(UAESBC)andtheUAEEmbassyinSingaporejointlypresenteda15hoursharingsessionandQ&AdiscussionaboutOilandGas(O&G)opportunitiesinUAEearlierthisafternoonTheseminarwasattendedby33participantsfrom23organisationThisseminaristargetedforASPRIandASMImembersinterestedinexploringopportunitiesintheUAEregionspecificallyintheO&GsectorTheseminarkickedoffwithawelcomeaddressbyMrDannyChuaPresidentof ASPRIs14thExecutiveCouncilNextwehadtheopportunitytohearfromHisExcellencyJamalAlSuiwaidiUAEAmbassadorandUAESBCPatronontheopportunityavailableintheUAETokickoffthepresentationDrBrianShegarPresidentofUAESBCsharedabouttheOpportunitiesinO&GsectorintheUAEwherehekickedoffthepresentationbysharingontheoverviewoftheO&GsectorfollowedbygoingInlessthanthreemonthsawaytheGSTrateincreasewilltakeplaceintwostagesfromthecurrent7%to8%from1January2023&from8%to9%from1 January2024Businesses shouldhave startedplanningfortheupcomingrateadjustment&mayhavequestionsonhowthechanges wouldimpacttheirbusinessoperationsASPRItogetherwithBDOTaxAdvisoryPteLtdjointlypresenteda3-hoursharingsessionintodetailsontheindividualsectorsDrBrianendedoffhissharingsessionbyelaboratingonopportunitiesforthedelegatesNextMsHudaAljuniedSeniorManagerofUAESBCsharedontheOutlineofProposedItineraryfortheASPRI/ASMIBusinessMissiontoUAEthatwillbehappeningon6–12November(Sunday–SaturdayflightdepartfromSingaporeonlatenightof5November)TheparticipantsmingledforanetworkingsessionpriortotheendoftheseminaronGSTRateChangeandTransitionalRulestohighlightcriticalpointsthatthebusinessesshouldbeawareofTheseminarwasattendedby58participantsfrom28organisationASPRItogetherwithBDOTaxAdvisoryPteLtdjointlypresenteda3-hoursharingsessiononGSTRateChangeandTransitionalRulestohighlightcriticalpointsthatthebusinessesshouldbeawareofTheseminarwasattendedby58participantsfrom28organisation
                                
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