Singapore Global Trader Programme (GTP)

 1. Launched in June 2001, the Global Trader Programme is a merger of the Approved Oil Trader (AOT) and the Approved International Trader (AIT) programmes which started in 1989 and 1990 respectively. 

2. The Approved Oil Trader (AOT) Programme aimed at capitalising on Singapore’s growing role as a refining centre in the region. 

3. Shortly thereafter, the Approved International Trader (AIT) Programme was launched to attract non-oil companies. 

4. Twenty years later, both the Programmes were merged into the GTP which now allows for an expanded product base for companies to trade in, including both energy as well as non-energy products and commodities.

Product Spotlights - New Technologies in Hydraulics

1. Innovative new technologies are laying the foundation for the latest hydraulic systems and applications designed for construction, agriculture, mining and power generation.

2. From smart user interfaces to load sensing valve technology to hybrid actuation systems for renewable energy applications, these solutions lead to productivity increases, energy savings and maximised operational efficiency. 

3. From smart user interfaces to load sensing valve technology to hybrid actuation systems for renewable energy applications, these solutions lead to productivity increases, energy savings and maximised operational efficiency. 

China Decoupling Tech Sector for FDI Participation

1. Building ‘new infrastructure’ (新型基础 or新基建 for short) has recently become a top development priority for China – and refers to infrastructure that is ‘digital, smart, and innovative’.

2. As part of its post-COVID-19 relief package, China is ramping up plans to construct new digital infrastructure across the country – including building 5G networks, artificial intelligence (AI), Internet of Things (IoT), intercity high-speed rail, and setting up research and development institutions.

3. In doing so, a new wave of government support for private sector participation can be seen – through the issuance of special bonds, encouraging public-private partnerships, or extension of credit support.

4. These plans work in concert with China’s other industrial policies like Made in China 2025 and China Standards 2035 Plan – which together signal China’s ambitious long-term strategy of becoming the global leader in high-tech and innovative industries of the future.

5. New opportunities now exist for early investors looking to participate in these fast-growing technology industries and subsectors. In addition, large industry players have the chance to invest in projects that will propel the commercialization of emerging technology.

6. Foreign investors should continue to follow-up on the latest policy developments in their target area of investment, as more government policies will likely be released shortly to guide the development of each of these new technologies.

Steel prices Trend Analysis - April to September and Q4 2020 Prediction

APRIL SNAPSHOT

1. European strip mill product steel prices were largely unchanged, in late March/early April, despite the major impact of the coronavirus outbreak on the steel sector and the worldwide economy.

2. MEPS (MEPS International Ltd) notes a great deal of uncertainty. As major end-user industries, especially the auto sector, ground to a halt, purchasing activity slowed significantly.

3. European steelmakers are cutting output substantially in an attempt to balance supply with reduced demand. Currently, local mills are not using price as an instrument to encourage sales.

4. Negative pressure could come, as a result of cheap third country imports. A sharp reduction in offers from overseas is noted.