Wholesale bonds from SGX open

  

sgx market open

The SGX, or the Singapore Exchange, is one of the main equity and derivative marketplace in south-east Asia, and many of the leading companies of Singapore use it as a primary marketplace.

It was created when the Singapore International Monetary Exchanges merged with the Stock Exchange of Singapore, and it is a crucial part of various benchmark indexes.
The SGX has recently added the MSCI China Free Index to its list of offers, and as a result, it has become a better representation of how broad equity markets are. This was part of its campaign to increase the variety of services it provides.
Retail investors in Singapore can now invest in wholesale bonds, which is something they were not able to do before, and it is all thanks to the SGX's brand-new bond seasoning framework.
This means that retail investors are now able to purchase wholesale bonds, six months after the SGX lists them, from as little as $1000.
Issuers can offer these bonds if they adhere to criteria which are connected to their listing history, track record, as well as their size. At the moment, the local bourse has 1 900 wholesale bonds, which are offered to accredited investors and institutions, and they are only available in denominations of at least $200 000.
Eligible issuers can also make use of “re-taps”, which is what subsequent direct offers of bonds are called, in order to offer wholesale bonds to retail investors. They can do this without a prospectus and under the same terms as existing wholesale bonds, after the seasoning period of six months. This modification followed on the public consultations that SGX had made in 2014.
The Monetary Authority of Singapore has also announced an Exempt Bond Issuer Framework on top of the Seasoning Framework.
Issuers who comply with thresholds that are connected to their track record and which are more than the Seasoning's Framework's eligibility criteria can directly offer bonds to retail investors as soon as they are available, without prospectuses.
In order to be eligible, issuers need to have a market capitalisation exceeding S$1 billion across 180 market days, or, in the most recent audited annual financial statements and, as an average across the last three years, they should have a net asset exceeding S$ 500 million. Furthermore, they should have equity securities which have been listed on SGX or another securities exchange which has been recognized, over five years, and they should have listed bonds on SGX for five years.
Eligible issuers must also have, on average, a net profit of at least S$100 million, and a positive net operating cash flow, and a credit rating of AA- or higher. The bonds they offer should also have an AA- or higher credit rating. Furthermore, they have to have guaranteed the issuance of bonds that SGX lists for five years.
If bonds are offered through a re-tap, the initial offer size has to be at least S$150 million initially and they have to be listed as well as traded with on SGX, and cannot be larger than 50% of how much had originally been offered to specific investors, and retail investors have to be given a PHS if bonds will be re-denominated as well as when they become available for secondary trading.
The CEO of SGX, Loh Boon Chye, stated that there is a large amount of interest from retail investors regarding income investments which are fixed, and this will provide a wider variety of products related to fixed income. Furthermore, a larger group of investors is beneficial to issuers, and this campaign will advance the SGX's attempts to create a thriving as well as dynamic market regarding fixed income in the country.

 

The Walking and Cycling Plan

  

singapore Cycling

The government if Singapore will provide incentives to developers so as to ensure the facilities being developed are equipped with bicycle parking, locker rooms and showers. This is a part of the plan of the government to promote walking and cycling. This will benefit the developers very much as the floor area that will be required to provide these facilities will be provided to them free. The Urban Redevelopment Authority has already declare that they are prepared to provide exemptions to gross floor area for these facilities.

The government's plan to promote walking and cycling is complimented perfectly by the exemption provided by the URA. The plan dictates that ever building erected onwards from July of this year will be required to have walking and cycling facilities. It is the government's belief that this will make walking and cycling more attractive to its people. This may make them opt to ride or walk to conserve energy or at least make it a part of their daily commute.
Parliament was recently told about the requirements developers will soon need to follow as it relates to building standards for bicycle parking by the Ministry of Transport. They were also reminded of the requirements for car parking. Developers such as Evia Real Estate believe that these requirements of the government's plan for facilities will put further strain on developers who already have a tedious time as it relates to space constraints. The developer argue that the rules of the URA requires every development area to reserve up to forty percent of the area to be used as greenery. This leaves them little to nothing in terms of space to do anything else. The actual cost for construction may not be as significant but for supporting services such as staircases and ramps are and they cost quite a bit.
Ground space is highly profitable for developers and since the proposed area for these facility will be on the ground level, the divisional director of Benoy, architecture firm Mr. Terence Seah argues that developers will lose significantly by giving up such prime space for the facilities. If some sort of incentive is offered to these developers it will make it a lot easier for the developers to agree to the plan and its requirements.
As it stands now the plan only applies to commercial developments such as school buildings, shopping complexes, office buildings and business parks. The ST does understand that residential developments will to have to conform to this plan eventually as well. Experts believe that the Walking and Cycling plan could inspire new architectural constructs due to the increase of cycling by the people. This could eventually change the entire streetscape providing more paths and ramps for cyclist and for those who use some other mobility device.
Professor CheahKok Ming an associate professor of the National University of Singapore believe that the plan could increase the amount of counters in a building that cyclist will use to do simple repairs to their cycles or to simply pump their tyers. The professor is a part of the Architecture department and he states that the government should be aware that they need certain thing in place for this plan to really take root and bear fruits. Developments will need to be highly connected in order to develop a network dedicated to walking and cycling. This will be needed if the governments intends to promote walking or cycling as the mode of transport. The professor also elaborated on the fact that there is no way to provide safety for a cyclist to enter and exit a building safely it the surroundings of the building are not designed and constructed well and with these commuters in mind.

 

Laser Technologies and Photonics

  

Laser Technologies and Photonics

In the next five years, Asia will be the number one on the laser technology and photonic market. According to Dr. Ahmad Magad and Alan Yeo, Regional Director and Managing Director of Singapore Pte Ltd, the laser and photonic market depends on the country demand, related to the amount of the manufacturing growth in it. Right now, China expected to be the biggest growth engine in Asia, and also for the rest of the world. In Shenzhen, a lot of products have been made, especially electronic products, such as computers, notebooks, and iPhones. This will affect the demand for lasers for cutting and marking. Besides Asia, there's also North America which had grown and pushed their manufacturing.

A countries group of ASEAN is the fastest growing region in Asia, but how much it will affect lasers market also depends on every country because each of them are different. Six hundred million people live in those countries, with more than half of it live in Indonesia and Vietnam. The biggest amount of a people lives in a country, the biggest products demand, the biggest manufacturing, the biggest laser demand. For now, the market in ASEAN is still low, but in the future, they are expected to be a greater market, due to the interest of investor for countries manufacturing like Malaysia, Thailand, Singapore, and Indonesia. The growth of ASEAN economic have risen the middle-class people, and the demands for high-tech products require lasers activity has improved. Singapore as the best-developed country in ASEAN can be used as a base to access new markets.
The major drivers for laser markets development are China, North America, and Germany. But due to the recession, the economy of Eurozone also getting weak, but lasers market will be stable from the demand of other countries outside the Eurozone. The growth of Asia's GDP as much as 5% in the next five years will make them a promising market.
As the big market's product, laser business has its own problem. IP protection is in need of attention. There's a lot of IP stolen in the country in which the machine was made, by the employers or the competitors. The solution is not to transfer the higher tech, more knowledge, and more IP-intensive operations to the country with the highest risk of the IP theft. In Singapore, as in Germany, Intellectual Property are being protected and respected, so there will be a very minimum risk to be stolen.
Lately, Asia's people have an increase in their economic situation, their awareness about healthcare and medication also increases. This also affects the demand for photonics and laser technologies for medication, diagnostic and treatment.
The technologies Research and Development get done in Singapore with making a research collaboration with the well-known research institutes, including German research institutes, like Max-Planck, Karlsruhe Institute of Technology, Fraunhofer Institute for Laser Technology, etc. On the ASEAN region, MARA institute of Malaysia has been collaborating to make a carbon dioxide laser. Another potential country to collaborate within research and development including Thailand and Indonesia. To introduce a new technology of laser, Singapore Pte Ltd has to make laser fair in Europe for Asia's visitors.

 

Rents for private homes better than HDB

  

singapore hdb

After a slight surge in March, the rental market softened in the past month because of the signing of new leases signed for private apartments and HDB plans. in percentage terms, it increased by two digits from February.

Experts noted that after the New Year Chines, in particular, that relief was expected because of the entry of foreign professionals who tend to be much higher at the beginning of the year. A lot of companies from various sectors are doing headcounts reduction because of the economic times that require more caution. Another thing that is quite likely to happen is the significant increase of prominent foreigners in Singapore from April or mid-year in order to generate fresh locations. What is still suffering negative effects because of the increase in private residential completions is the rental of private homes because of the giant competition between the owners.
Both segments suffer a higher volume year after year - reflecting the unchangeable nature of this lease, generating leases as short as six months. Private apartment rents remained unchanged in relation to rents in the past and even after the fall of 1.4% in March. On the other hand we have the HDB rents had a decrease of 0.6 percent, after another drop of 0.4 percent in March, values with quick estimates SRX property.
Because of a number of growing combimados home conclusions, both seem a slide which combine with little new demand from expatriates. Rents in core central region (CCR) were not aterações since March largely rents in the central region (RCR) increased by 0.1% and rents in the central region of the outside (OCR) or suburbs so freu falling 0 ,1 %. Year after year, rents are 5.4% lower overall. lace CCR mostraração a decrease of 1.9%; RCR lace is showing off 8.2% and OCR income decreased 6.8%.
The director R'ST Research, Ong Kah Seng said that tenants have many options since the HDB are suffering fall, because of the increase in condominium closed conclusions with a view to 2014 and over up HDB apartments for sublease as the update of their owners. In mature properties HDB rents fell by 0.3% and non-mature properties fell by 0.9% in April. Again, over the years, rents in mature properties proved in a yield of 3.9% less and those in non-mature properties 4.8% lower.
Last month the amount of private leased apartments fell 10.3% to 3,953, however there is a 10.5% increase compared a year ago.In March, the volume of HDB rental had a decrease of 2.2% to 2,048, but was 5.8% higher in the year in the year.
The competitiveness between rentals is getting fierce. The owners must be prepared to encounter difficulties renting if they try to keep their rents previously negotiated.

 

Prime land prices to be even more astronomical

  

Prime land prices to be even more astronomical

Singapore's no. 2 property developer, City Developments Company (CDL) has remarked that prime land prices are at astronomical levels. CDL has a radical prediction where land prices will go up further to new all-time highs on a per square foot basis in the coming years. Singapore has very little prime land left for development and property development business has been getting tougher due to land scarcity. CDL noted that lands that are up for sale come with premium prices which will eat into profit margins. CDL recently acquired a 170,000 square feet land site for its latest Gramercy Park property development project, right next to the vibrant shopping hub at Orchard Road.

Singapore's property prices for the residential segment has seen 10 straight quarters of decline following government's regulations to enforce property cooling measures ranging from higher stamp duty and higher income to debt repayment ratio. It is the government's intention to control housing price hikes and dampen buyer's enthusiasm. Even as prices fell, Singapore remained Asia's no. 2 most expensive residential market for house buyers. CDL, with controlling shareholder Kwek Leng Beng steering the company's operations, had been fortunate to acquire the freehold land site many years back, and has enabled it to price the houses up for sale at current prices, which is still profitable to the group. Home prices before the financial crisis and central bank quantitative easing measures were still affordable with many bidders vying a piece of the property development action.
Prices for residential property stocks will be priced at significantly higher levels, as per announced in CDL's quarterly results to the stock exchange. This is due to higher prices for prime land which will be on a steady uptrend for future years. For the Gramercy Park development, the group is channeling all marketing resources by launching overseas roadshows and organizing regional promotional campaigns. Feedback has been good so far with many interested parties sending in enquiries for pricing and booking details. CDL was the highest bidder back in 2006 and managed to secure the Gramercy Park land site located at Grange Road. The total acquisition price turned out to be S$383 million. Singapore ranks just behind Hong Kong with the most pricey luxury home prices, as per a wealth report produced by Knight Frank, a leading real estate agent group in 2016. Singapore's luxury homes are truly catered to the very high net worth individuals.
CDL 31 March quarterly financials were lackluster, having announced a 14% fall in profits to $105 million. Revenue also fell by 11% to $723 million. The property market has been tough since the implementation of government cooling measures and weak results with negative growth is largely expected by property analysts and investors. For the coming quarters, imminent recovery is not expected to happen and property developers are bracing for tougher times ahead with the main objective of keeping extra reserves on the bank and slowing down property launches.
Government will maintain its government property cooling regulations in order to rein in property market from overheating. Mr Swee Kiat Heng, Singapore's Finance Minister made an official statement on 24 of March that property curbs are here to stay for the time being. This statement reinforced the view of Minister for National Development Mr. Lawrence Wong.
Some of the cooling measures being enforced is capping debt repayment ratio at 60% of loan borrower's monthly net income. Another measure was imposing higher stamp duty on the price of home purchase transactions. This comes on the back of low interest rate environment and strong foreigner demand for local houses which spurred the extraordinary capital gains for house prices.

 

Sustainable Growth Solutions In Asia

  

Sustainable Growth Solutions In Asia

With the growth of global warming, there is a race against time to find renewable sources of energy. Our dependence on energy derived from non-renewable sources of energy is growing each year. This has happened due to increased consumption and a lackadaisical attitude towards researching and implementing clean sources of energy. Sensing the urgency, scientists and governments across the world are working towards finding solutions. This has led to an increase in research and application for green energy.

As per research conducted by IEA, the renewable energy sector is positioned to provide for a third of our electricity needs within twenty years. Currently, energy derived from sources such as the sun, water, biomass and wind provide for 20% of the requirement.
Asia is making great strides in renewable power by manufacturing products that can utilize them with ease. This is out of necessity, considering Asia is home to nearly half of the global population. By implementing a sustained increase in using clean power to meet requirements, Asian countries are able to greatly reduce their carbon footprint.
It has been deemed that Asia sweeps up 30% of the solar energy requirements worldwide. This trend has been seen in China as well. Their government is creating a system to increase use of technology that relies of clean energy. Similar provisions are seen in India, where use of solar energy is becoming part of national policy and in areas of Southeast Asia as well.
Japan and Australia are getting into the process as well, where they can follow the example set by Singapore. The country has developed a number of ways to drive forward solutions for clean energy. It works with businesses in order to push commercially viable sustainable development.
Singapore is able to push the manufacturing dependent industries to purchase clean energy, which in turn creates an incentive for the sectors that are researching green energy. This includes the electronics, chemical and engineering sectors, which are known to require a lot of energy to function. It helps that the government is working towards providing solutions to the regional areas as well as sending in the best global minds to help the suppliers in expanding their business.
Singapore has also been able to create a thrust in their R&D sector, mostly by creating policies that safeguard intellectual property rights that drive innovation and research. Thanks to their intensive push, 2011 saw the movement of $700 million in the form of support for R&D for creating better sustainable buildings, clean energy and water based solutions.
Singapore is home to SERIS, the Solar Energy Research Institute of Singapore. It is known to be the one of the best places for R&D in green energy solutions other than Japan. SERIS has been working towards looking at methods to bring down costs of installation and increase delivery from solar panels. It hopes to create a flow between the national energy grid and solar technology. There is also research being done via the National Solar Repository, so that the solar panels can be better programmed for tropical heat.
The country has opened up their land to help companies test their technology and rework them for the urban audience. This allows Singapore to cut down on their fossil fuel dependence, and improve the overall management of renewable and non-renewable source of energy.
Solar panels installed on rooftops are the most popular in Singapore at the moment. There is work being done to create photovoltaic cells that are positioned on top of water reservoirs, to further utilize available space. The UWC campus has also pitched in, helping with the only global tests that are looking at the use of cooling spaces with solar power.
The country is moving forward on all gears in order to build systems that can utilize solar energy despite erratic weather. If successful, countries with clear skies will be able to produce solar energy faster and in greater quantities. Singapore has also put in a stake in electricity based vehicles and national smart grids that will manage clean energy requirements.
The Eco-Town Punggol is one of these ventures, a residential area that runs on sustainable practices, use of clean energy and test models that boost solar leasing. This has been done to reduce the cost of using sustainable technology and attract more users.
Each growing industry in Singapore is being tied to renewable power solutions. The financial sector is a new adopter of solutions. One of these is known as power-wheeling, which allows usage of solar energy that was created away from the location of use.
In the years to come, the adundance of renewable resources in Asia will play an important role in creating sustainable solutions. Singapore is ahead of the curve and is set to help their neighbors in adopting the technology needed to increase green energy usage. It has started by welcoming many globally known companies that deal with both solar and wind based energy. Native companies are also starting R&D in order to create their own brand of solutions for the public.
By and large, Singapore is sure to provide the answers needed for renewable energy to provide for energy needs.

 

Research on heart failure

  

Research on heart failure

NHCS research on finding ways to improve outcomes for Asian heart failure patients

Southeast Asia is seeing a rise in the risk factors of heart failure which will inevitably increase the epidemic of heart failure. In a first-ever prospective, multinational real-world data examination of prescription patterns and doses attained of guideline-directed medical therapies in Asian patients suffering from heart failure with reduced ejection fraction (HFrEF), a team of researchers studied the prescription patterns and doses attained of guideline-directed medical therapies in Asian HFrEF patients, and the associations with patient outcomes. The research findings provided valuable insights into the importance of guideline recommendations to prescribe evidence-based therapies to achieve maximum benefits among Asian patients with HFrEF. They also highlighted the gaps in knowledge and treatment.
The National Heart Centre Singapore (NHCS) is a not-for-profit public healthcare institution wholly owned by the government of Singapore.
Each year, over 100,000 patients seek treatment at NHCS. The high workload is a testament of the trust patients have in them.
NHCS prides itself as a national and regional referral centre for cardiovascular diseases and are dedicated to providing optimal care through their three core pillars – Patient Care, Education and Training, and Research. As a 185-bed national centre for cardiovascular medicine in Singapore, NHCS provides a one-stop comprehensive preventive, diagnostic, therapeutic and rehabilitative cardiac services.
NHCS is a member of SingHealth, the largest healthcare group in Singapore. SingHealth offers a complete range of multi-disciplinary and integrated medical care. The group consists of three Hospitals (Singapore General Hospital, KK Women's and Children's Hospital and Changi General Hospital), a community hospital (Bright Vision Hospital), five National Specialty Centres (National Heart Centre Singapore, National Cancer Centre Singapore, National Dental Centre Singapore, National Neuroscience Institute and Singapore National Eye Centre) and a network of polyclinics.

 

Singapore And Myanmar Bilateral Investments

  

Singapore And Myanmar Bilateral Investments

Myanmar is putting a step forward in restoring economic glory for the country by reaching out to Singapore. On the 18th of May, 2016, the Foreign Minister of Singapore was invited to visit Myanmar and he graciously accepted the invitation. Aung San Suu Kyi extended the invitation for the same. After taking on the mantle of Foreign Minister, she is currently dedicated to forging long lasting relationships with neighbouring countries.

After the removal of US sanctions, there has been a push towards changing old political setups in the country. Economic reforms are one part of the agenda, which is helping the country build new policies and strive to enter the global market once again.
The aim of the meeting was to discuss the creation of a treaty that would favour bilateral investments between the countries. This would the beginning of negotiations and talks between the government, aided by the visit taken by Vivian Balakrishnan. In his speech, he concluded that the inclusion of Singapore in the treaty would add a weight of certainty to the growth of the market in Myanmar. As of now, Myanmar entered into similar treaties with both India and China.
The country of Myanmar is currently facing a great deal of instability. This is reflecting in the differences of opinion and policy between the current civilian government and the previous military one.
There are a number of Singapore based businesses that have identified the country as a funding ground for building new partnerships. A change of policy to allow bilateral relations would ease their fears and create an environment of economic surety. After the difficulties faced by Parkway Panti – a company based out of Singapore, the need of the hour is to create a framework that favours international investments.
The task has a long way ahead of it, as it requires cementing policies in place for the next ten years to come. At the same time, the investments would have to be backed by a constant flow of support, which will come from both Singapore and Myanmar. Both the countries are taking the matter quite seriously at the moment, in the hope to develop an advantageous alliance.
If the discussions move forward and are encouraged by the government, then the areas for investment will grow in an exponential manner. The Singapore Foreign Minister believes that there is a scope to create new engagement in sectors that have been ignored for a very long time. His focus in particular was on the fields of higher education, development of food science and the creation of better infrastructure for the country.
At the same time, the bilateral treaty will present socio-political benefits to both the countries. There is a similarity in the culture and the goals present for the future. Tourism is an important industry for both, which allows them to exchange information and knowledge to create a better global standard for the same. However, the two Foreign Ministers are not strangers to the challenges they face in moving ahead with talks. They do believe that despite the difficulties, there would be a way to move ahead and create a society that accepts varied ethnicities and races. The final goal for the two is a noble one, that of unity amongst the country.
Minster Suu Kyi was of the opinion that Myanmar will be able to absorb a great deal of knowledge from Singapore. She referred to their movement towards a united society, which has been able to withstand the struggle and difficulties that come with removing bias and prejudice.
In honour of the first visit by Dr. Vivian Balakrishnan, there ill also be a dinner reception held by him. It will celebrate the completion of diplomatic relationships between the two countries, which have gone back as far as 50 years. He will also meet with Senior General Min Aung Hlaing, who currently serves as the military chief for the country as well as Shwe Mann, the former speaker of Parliament.
 
Aung San Suu Kyi has got lots of heat recently from the rohingya crisis but what many people don't realise is that Aung San Suu Kyi was not in control of the military when they use force on the rohingya people.

 

Singapore 21st Century Solution to Smart Cities

  

Singapore 21st Century Solution to Smart Cities

Singapore has realized that they will face a problem in the near future as the urbanization will grow rapidly and continuously. There will be about 70% people of the world living in the cities in 2050. The effects to cities are clear, such as overcrowding, transportation congestion, and pollution. They have a sustainable and comprehensive analysis to handle this problem and try to make a great solution on handle this tremendous urbanization afterward. It's got to be a long term solution, and also strategically to face the keep growing city. They have to join the government and corporate partnership.

Long before this problem steps up, they have faced a vulnerability on their city sustainability because of the land and lack of natural resources problem. Singapore has been succeeded to implement the urban solution and they make it sustainable. For the example, they make a policy about holistic water management. They didn't subsidize water pricing, and diversified the water sources by the new technology, with combined the supplies from 55 percent recycled water and 25 percent desalination of sea water. They also have a target to make 80% of their buildings to be certified as a green building, and they are committed to improving their energy intensity to 35 percent in 2030.
Singapore has made itself as a living laboratory on their objective to throw the government and corporate together in a partnership. Singapore let the corporate to take a role in analyzing, developing, and make an innovative solution the urban infrastructure, so the government can make a summary of the data given from the corporate, which one is the best technologies and solution to be used. The corporate also have a benefit to market their products solutions. Another partnership between corporate and government also happen with IBM, as they provide the sensor networks for gather the data about consumer trends and behavior. They also make a snatch with EDF and Veolia from France to build the eco-towns, with Panasonic to maximize their energy usages such as solar energy, lithium ion batteries, home management energy, and more efficient energy of air conditioning.
That's not all. Singapore has done to establish more of increasing their sustainability. They also invest a huge scale of money to build and funding the Research and Development section for many sectors, which reaches 800 million SGD on 2011 until 2012. Tag along with the R&D, they also give a post graduates scholarship and specialized courses to find talented person to help with their research of urban solution, and also a national challenge program
The results from Singapore efforts is they have this big solution to fix the country, and they exporting the solution to the countries in the world for their urban infrastructure techniques and the eco-cities program. The examples are Tianjin Eco-City and Singbridge, which develop eco-cities in Asia. One of its landmarks is Guangzhou Knowledge City. Singapore also becomes a number one destination for the mayor around the world to learn about how to develop and implement sustainable solutions for their city.

 

Promising future for career in oil and gas

  

singapore oil and gas

Chemicals and oil & gas sectors are Singapore's main economic pillars and the Development Board for Economy has been working tirelessly to spur growth and employment prospects. This article profiles some industry veterans for an in depth look inside the industry.

Mr. Keng Yang, a general manager for maintenance for Chevron Oronite, has an important task of ensuring top notch safety conditions at its company plant located in Jurong Island. Safety is top priority and workers are mandated to halt production under different circumstances. People are constantly watching out each other's safety by reminding each other to out on protection glasses or safety helmets. The work revolves around human lives and not just dealing with machines. He is responsible for overseeing 70 team members under maintenance and 150 contractors. Communication and interaction is part of every day's job. Mr Lim started in supply chain management after graduating from NUS and likes to go fishing during his free time. He rose to become the general manager in 2010 and is on the way to relocate to California for his overseas posting. He hopes to bring in fresh perspective and knowledge to contribute to the Singapore plant.
Mr. Julian is a VP for site operations for Croda International, a chemicals manufacturer. He oversees 5 production centers around Asia. His role centers on interaction with diverse team members. His hobby is sports where he enjoys tennis, badminton as well as golf. Mr Yeo graduated from NUS as well and rose up the ranks and currently is on heavy travelling schedule. His experience includes heading a new Jurong plant commissioning by starting out as a process engineer before being promoted as head for operations. He craves the challenge and complex decisions which entails from his role. His ambition used to become a doctor but he is satisfied with his current standing and career path.
Ms Justina Ibrahim is an unlikely corporate high flyer in the oil & gas industry, she has stamped her mark as an engineer who is independent and competent with the role of project manager for Cameron Singapore. She is the team leader for 12 different project managers whom are responsible for pitching equipment deals for oil extraction. It is a far cry from the vibrant electronics sector where it is much more dynamic and involves big equipment. Projects can take many years to materialize. She switched career path after getting a degree in management engineering. Things move really fast and she work hard day and night to ensure client's satisfaction. She rose from the ranks of planner and specialist. She relishes the challenge every day as well.
The future of chemicals, oil as well as gas sector is looking good. China and India has growing appetite for energy source. UN estimates that in 2030 we will consume 45% more energy. Thus exploration activities for oil & gas moved into the deeper oceans. More high tech equipment are needed and Singapore has taken advantage to be a manufacturing hub for specialized equipment. The sector grew 10% for every year since 2007 up till 2012.Singapore was made the regional HQ for many big global players. Halliburton Completion Toll is one prime example. Another company is Cameron International. The refining sector and petrochemical industry had grown by leaps and bounds too at the expansion at Jurong site.
About 100 companies have established footprints on the island with a refining capacity totaling 1.3 million worth of barrels every day, making Singapore ranked 4th in Asia in terms of refining capacity.Jurong island attracted in excess of $35 billion foreign investments and contributes about 30% in terms of manufacturing output for Singapore. The companies liked the business friendly environment in Singapore and skilled workforce that enable emerging technologies to be developed fast. Talent is important to drive further growth and productivity in this dynamic industry. Technologies go obsolete real fast and there is constant need for upgrades and knowledge update in order to operate a plant effectively while driving down costs and increasing output per hour. Singapore has many capable workers who are able to handle complex research projects and manufacturing facility. Singapore Government is always looking to attract talent by organizing new initiatives. A groundbreaking Chemical Process Center of Technology was launched in Jurong in 2004 to provide skilled training for engineering fresh graduates.
A Professorship programme for Petroleum Engineering will be launched in the coming year to equip engineers with petroleum engineering knowledge. NUS launched a subsea engineering programme as well to bolster R&D competencies for those in the subsea engineering field. Singapore will continue to invest in the promising sector. Opportunities are everywhere for interested engineers. Singapore can proudly claim to invent advanced products in the coming years while having a global presence and recognition from customer all over the world.

 

  
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