Media OutReach
IMDA Refreshes Skills Framework for Media and Continues to Support Virtual Production Capabilities and Training
– New company-led apprenticeship programme with media companies to expand job and training opportunities in the industry
– 28 Virtual Production projects supported, and 650 media professionals trained to date under the Virtual Production Innovation fund
SINGAPORE – Media OutReach Newswire – 4 December 2024 – The Infocomm Media Development Authority (IMDA) has worked closely with the media industry to introduce a refresh to the Skills Framework for Media, which will provide up-to-date sector information, job roles and existing and emerging skills for media practitioner, in new tech areas such as Virtual Production (VP) and Generative Artificial Intelligence (GenAI). To provide locals with more job and training opportunities in new tech areas, another new initiative is the company-led apprenticeship programme with media companies.
2. IMDA has been advancing VP applications in Singapore’s media industry since 2023. To date, there have been 28 VP content projects, and 650 media professionals trained in VP through these content projects and workshops, supported by the S$30 million VP Innovation Fund announced last year. These updates were made by Singapore’s Senior Minister of State for Digital Development and Information (MDDI) & Ministry of National Development (MND), Mr Tan Kiat How at the opening of the Asia TV Forum and Market (ATF) today, an event of the Singapore Media Festival (SMF). Hosted by IMDA, the SMF celebrates its 11th edition with the theme “Make It Here“, inspiring the region’s media community to create, connect, and realise their visions.
Refreshed Guide for the Future of Media Careers
3. As Singapore’s media market expands, employment opportunities are also on the rise. There were 24,960 media professionals employed across the economy in 2023, reflecting a compound annual growth rate of 7% since 2018[1]. The refreshed Skills Framework for Media provides a comprehensive roadmap for these media professionals, charting the future of media careers and talent development. This framework was developed by IMDA in partnership with SkillsFuture Singapore (SSG), industry associations like the Singapore Association of Motion Picture Professionals, Institutions of Higher Learning (IHLs), after extensive consultation with around 150 media representatives across industry, training providers, IHLs and freelancers. This ensures the framework meets the needs of a dynamic media landscape.
4. The refreshed Skills Framework identifies 195 job roles across 9 tracks, with 230 technical skills and competencies in existing and emerging skills in Media like VP, GenAI, content production, production technical services, and more. Media practitioners can use the Skills Framework to upskill and remain relevant in today’s media landscape, while employers and training providers can tap on it to structure learning and training opportunities. The framework was first launched in 2018 jointly by IMDA, SSG, Workforce Singapore (WSG) and in consultation with Singapore’s media industry.
5. IMDA will also offer more company-led on-the-job training opportunities through apprenticeships with media companies in line with the new skills added into the refreshed framework including VP. This is a new initiative and, as a start, IMDA will partner seven media companies to offer over 70 apprenticeship opportunities across content production, business management and technical roles that will further deepen practical skills development and ensuring talent is industry ready.
6. In his opening speech, SMS Tan Kiat How said, “The Asia TV Forum and Market and the Singapore Media Festival are platforms for networking and collaborations. As Asia’s entertainment content industry grows, Singapore will be your partner to tell our stories to the world, and for the world to find discover the talents and gems in Asia. Today, we are taking an important step to do so by investing in the future of media – our media professionals so that they are equipped with the right skills, technology, and platforms to excel in this dynamic industry.”
New Virtual Production Projects and Talent Supported
7. The use of VP in Singapore’s media industry continues to progress with the launch of three full-scale VP studios that can support international projects developed with VP technology. These are Aux Infinite Studios, Oceanus Media Global and X3D Studio and they are also providing VP training. Next year, media professionals can look forward to specialised training opportunities for job roles such as VP supervisors from local and overseas VP experts.
8. There have also been 28 VP content projects which leveraged VP technology to open creative possibilities and overcome physical limitations. For example, film director Ian Wee from Reelisations Pte Ltd tapped on VP in his latest content project “Time Apart”, to execute challenging time lapse sequences across different time periods. Ian was a participant of the National Film and Television School (NFTS) Certificate in Virtual Production course in April 2023. Another example, Glenn Chan from Sonder Films used 3D scanning technology to develop and integrate 3D CGI characters into virtual environments for his short-form VP project “The Old World”. Glenn was a participant of the Aux-XON SG x Korea VP Masterclass conducted earlier this year.
9. For more details on the Singapore Media Festival and the Asia TV Forum and Market please visit www.imda.gov.sg/smf. To read the latest Skills Framework for Media, visit https://www.imda.gov.sg/how-we-can-help/media-manpower-plan/skills-framework-for-media-sfw-for-media.
Hashtag: #SGMediaFest
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About the Singapore Media Festival
The Singapore Media Festival, hosted by the Infocomm Media Development Authority (IMDA), proudly returns for its 11th edition as one of Asia’s premier international media industry platforms. From 28 November to 8 December 2024, Singapore will be the focal point for Asia’s media community, showcasing diverse media innovations, forging industry deals, and presenting Singapore’s world-class content. This year’s festival, themed “Make It Here,” aims to inspire the region’s media talent to create, connect, and realise their visions. The event will bring together media professionals, industry leaders, creators, and consumers through the Singapore International Film Festival (SGIFF), Asia TV Forum & Market (ATF), Singapore Comic Con (SGCC), and Nas Summit Asia (NAS).
For more information, please visit: www.imda.gov.sg/smf.
About Asia TV Forum & Market (ATF) 2024
3 December 2024: The ATF Leaders Dialogue
4 – 6 December 2024: Market & Conference
Into its 25th edition, Asia TV Forum & Market (ATF) – the region’s co-production & entertainment content market and conference – is the proven industry platform to acquire knowledge, network, buy, sell, finance, distribute and co-produce across all platforms. It is the premier stage in Asia to engage with the entertainment industry’s top players from around the world. It’s where the best minds meet, and the future of Asia’s content is shaped.
For more information, please visit www.asiatvforum.com
About Infocomm Media Development Authority
The Infocomm Media Development Authority (IMDA) leads Singapore’s digital transformation by developing a vibrant digital economy and an inclusive digital society. As Architects of Singapore’s Digital Future, we foster growth in Infocomm Technology and Media sectors in concert with progressive regulations, harnessing frontier technologies, and developing local talent and digital infrastructure ecosystems to establish Singapore as a digital metropolis.
For more news and information, visit www.imda.gov.sg or follow IMDA on LinkedIn (IMDAsg) and Instagram (@imdasg).
Media OutReach
FPG Fortune Prime Global Appointed Thai Country Manager to further strengthen FPG’s presence in the ASEAN region
Alice brings over 8 years of experience in the financial industry, including her role as Country Manager at Fullerton Markets. With a strong focus on the ASEAN market, particularly Thailand and Laos, Alice has been a prominent voice in Thai media, raising awareness about the importance of transparency and fairness in brokerage choices.
Alice and FPG Fortune Prime Global are deeply committed to empowering clients to trade with the right mindset. FPG Fortune Prime Global focuses on educating clients and helping them achieve sustainable growth, emphasizing long-term earnings over short-term gains. Transparency and exceptional support remain at the core of FPG Fortune Prime Global’s mission, ensuring clients have the tools and knowledge they need to succeed.
Alice’s proven expertise in strategic planning, team management, and sales execution has consistently delivered impressive results, driving sales performance, building high-performing teams, and achieving organizational goals.
This appointment marks an exciting milestone for FPG Fortune Prime Global as the company continues to expand its footprint in Southeast Asia, building on its established global offices in Asia, Australia, and Europe. Alice, alongside her team, will play a key role in developing the Thai market and supporting FPG Fortune Prime Global’s commitment to providing world-class brokerage services tailored to the region.
Hashtag: #fortuneprimeglobal #FPG #fxtrading #forex #fx
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About FPG Fortune Prime Global
FPG Fortune Prime Global has over 30 years’ of industry experience, our clients can rest assured that they receive the best possible service from us. FPG Fortune Prime Global is constantly evolving to ensure our retail and institutional clients to receive the best possible trading conditions which include tight spreads, fast execution and quick deposit/ withdrawal.
We fully understand that in this industry, trades are keen to find a forex broker that is as much reliable as possible to make themselves comfortable. With FPG Fortune Prime Global, we have active traders from over 30 countries around the world, who depend on us for the safety and security of their funds on a daily basis.
Media OutReach
CPC Corporation, Taiwan and Apollo Technology Win Top Green Companies in Asia Award at ACES Awards 2024
As leaders in Asia’s energy and environmental sectors, CPC and Apollo embody Taiwan’s commitment to achieving net-zero emissions by 2050. Established in 1946, CPC Corporation, Taiwan’s largest state-owned petroleum company, has been at the forefront of transitioning to renewable energy sources and sustainable practices. Apollo Technology, an innovator in water and waste management, specialises in transforming industrial by-products into valuable resources through a circular economy approach. Their partnership strengthens Taiwan’s journey toward a greener future, showcasing how collaboration can drive meaningful environmental change.
In alignment with Taiwan’s Green and Sustainable Remediation (GSR) initiative, CPC has integrated green practices in site remediation since 2008. In collaboration with Apollo, they have launched remediation projects at key sites, such as the Hsinchu and Taichung Oil Distribution Centers. Apollo’s advanced soil and groundwater remediation techniques aim to restore ecological balance and ensure the sites’ long-term sustainability, benefiting both local communities and natural habitats.
Apollo’s expertise in sustainable remediation has already delivered substantial results. At the Hsinchu Oil Distribution Centre, the company successfully treated over 43,200 tonnes of oil-contaminated soil and reduced 848 tonnes of carbon emissions through bioremediation and in-situ groundwater systems. Their work enables CPC to identify high-priority remediation sites and apply innovative solutions like phytoremediation, which uses specific plants to extract pollutants from soil and groundwater.
This award reflects CPC Corporation, Taiwan, and Apollo Technology’s unwavering commitment to environmental stewardship and sustainable industrial practices. The Top Green Companies is awarded to companies that run their business operations yielding minimal negative impact on the environment, community, and society. The ACES Awards celebrate companies that excel in driving growth and community contribution while maintaining high ethical standards. With Veolia’s support, Apollo continues to enhance its resources and expertise, underscoring a shared vision of eco-transformation in Taiwan’s industrial sector. Together, these companies are setting new standards for green innovation in Asia, creating pathways toward a resilient, sustainable future.
Hashtag: #CPCCorporationTaiwan #VeoliaGroup #ApolloTechnologyTaiwan #ACESAwards2024 #SustainabilityLeadership #EnvironmentalStewardship
The issuer is solely responsible for the content of this announcement.
About CPC Corporation, Taiwan and Apollo Technology
Founded in 1946, CPC Corporation, Taiwan, is the nation’s largest state-owned petroleum and natural gas company. With a focus on energy security and sustainability, CPC has diversified its operations to include renewable energy, environmental remediation, and green practices, supporting Taiwan’s net zero ambitions and environmental goals.
Apollo Technology, a subsidiary of Veolia, specialises in environmental solutions, including advanced water and waste management. Known for its expertise in sustainable resource management, Apollo applies cutting-edge technologies to transform industrial by-products into valuable resources, helping industries transition toward circular economy practices and reduce their environmental impact.
Media OutReach
Integrating AI in Trading: 4 Steps from Global broker Octa
Real Advantages of AI in Trading
AI enables traders to process massive datasets quickly and efficiently. For example, machine learning algorithms analyse historical price data, market sentiment, and global news to predict market trends. Studies confirm that AI-powered algorithms improve trade accuracy by 38% compared to traditional methods.
Alongside this, AI automates time-consuming processes, such as monitoring price fluctuations and stop-loss orders, as well as executing trades based on predefined parameters. A case study on TradeWeb showed that the implementation of AI systems increased trading speed by 23% while the number of errors decreased by 15%.
What is more, AI excels in identifying market patterns that might go unnoticed by human analysis. For instance, JPMorgan’s AI systems predicted potential market movements with an accuracy rate of 75%, as highlighted in a Cointelegraph report.
The Risks of Overusing AI in Trading
Over-reliance on AI could weaken traders’ ability to manually interpret the markets. A recent study showed that traders relying solely on AI experienced a 22% reduction in the ability to perform manual analytics after six months of using AI alone. This ramps up the risks, as traders should always remain on guard and be able to conduct independent objective analysis to avoid misleading assumptions.
Although the algorithms do reduce the number of mistakes, they aren’t error-prone. Data inconsistencies, algorithmic biases, and unpredictable market events can lead to poor trading decisions and losses. For instance, a 2023 market analysis revealed that 12% of trades executed solely by AI systems resulted in unexpected losses due to flawed input data.
Tips for Balancing AI and Manual Trading
Automating decisions may save time but can result in traders losing sight of broader market contexts. Experts stress the importance of using AI as a supportive tool rather than a decision-making replacement. Here are four steps on how traders can integrate AI into their trading routine while balancing the risks and reaping the perks.
- Combine AI insights with manual analysis. AI has to complement traditional trading techniques. For example, combining AI-driven insights with manual analysis can provide a nicely rounded method, improving accuracy and adaptability.
- Start with a demo account. To avoid risking the real budget, it’s advised to test AI’s capabilities and trading decisions using a demo account, which is available on Octa Broker. The demo account allows traders to experiment with AI and recognise its functionality and barriers risk-free.
- Understand AI’s limitations. AI models rely on historical statistics and won’t adapt quickly to surprising market changes. Traders must regularly examine the relevance and accuracy of AI-based tools to ensure solid performance.
- Use AI for post-trade analysis. Post-exchange reviews using AI allow traders to get deeper insights on their trading successes and failures. Tools like Octa Vision analyse beyond trades to help you discover your trading style and propose upgrades. This iterative process allows traders to refine their strategies and avoid repeating mistakes.
Although AI still poses certain risks, people actually trust it more than humans, according to the Ipsos Consumer Tracker. Businesses adopt the tool more willingly, with 50% of financial institutions having already integrated AI into their trading workflow. According to McKinsey, a trend of growing AI adoption on the enterprise level is likely to stay and evolve: AI in business is expected to grow 18% annually through 2030, with advanced predictive models and risk management becoming the standard. This may drive increased adoption rates among retail traders, too.
In 2025, the business ecosystem is expected to rely heavily on AI. Companies that develop a solid understanding of AI applications today will be better prepared to navigate these changes, ensuring they stay at the forefront of the trend. The same works for regular traders. Those who want to make AI a tool for efficient trading should acknowledge its strengths and weaknesses.
Responsible AI deployment is key. Traders who balance AI-driven insights with manual analysis and maintain a focus on continuous learning can leverage the technology. Besides this, they can optimise their trading outcomes while safeguarding against potential risks.
Hashtag: #Octa
The issuer is solely responsible for the content of this announcement.
Octa
Octa is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.
The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.
In the APAC region, Octa received the ‘Best Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively.
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