Latest news with #APM
Time of India
5 hours ago
- Business
- Time of India
Domestic gas price drops to two-year low of $6.41/mmbtu, first time below ceiling
New Delhi: The domestic natural gas price has dropped to a two-year low of $6.41 per million British thermal units (mmbtu) for June, delivering a major boost to city gas companies and other users of price-regulated fuel. Cooking and transportation costs could ease if city gas distributors choose to pass on some of the benefit to end consumers. The price of domestic gas—also known as the Administered Price Mechanism (APM) price—is set monthly by the government based on the average crude oil price in the preceding month. A recent decline in crude prices has brought the June gas price down to $6.41 per mmbtu from $6.93 in May, according to a government notification. The effective price in May was $6.50, the ceiling for domestic gas. For the first time since the current pricing formula was introduced in April 2023, the domestic gas price has fallen below the ceiling, thanks to a sharp drop in crude oil prices. Over the past two years, elevated crude prices had made the ceiling the effective market price each month. The average Indian crude basket price in May was $64.05 per barrel, down from $67.73 in April. Lower crude prices will also reduce the cost of 'new well' gas for city gas distributors. Priced at 12% of the crude oil rate, new well gas constitutes a significant portion of their input costs. Live Events Economic Times WhatsApp channel )
Business Wire
a day ago
- Business
- Business Wire
Project Management: A Fast-Growing Profession with High Demand and Competitive Salaries
LONDON--(BUSINESS WIRE)--In today's dynamic and complex business landscape, project management has emerged as one of the fastest-growing and most crucial professions. Whether it's orchestrating major infrastructure projects, managing a music festival or spearheading climate action initiatives. Project managers are at the heart of delivering successful outcomes across virtually every sector. In today's dynamic and complex business landscape, project management has emerged as one of the fastest-growing and financially rewarding professions. Share New research and data from the Association for Project Management (APM) underscores the growing significance and appeal of the profession. As of 2024, the average salary for a project manager in the UK stands at £52,500—an impressive increase from £47,500 in 2023. Sectors with the highest paying average project management salaries: Energy and Utilities - £62,500 Legal - £62,500 Consultancy - £62,500 Construction - £57,500 Financial Services - £57,500 Defence - £57,500 IT - £57,500 Professional Services - £57,500 Space industry - £52,500 The financially rewarding salary highlights the value placed on skilled project professionals and the return on investment for those who pursue a career in the field. The demand for project managers is not just reflected in salary data. APM's latest findings show a significant increase in employment within the sector. The number of full-time equivalent (FTE) project professionals in the UK has grown from 2.13 million in 2019 to approximately 2.32 million in 2024. This upward trend signals not only the expanding scope of project-based work but also the widening recognition of project management as a core capability within both private and public sector organisations. This boom in employment is mirrored by the profession's substantial contribution to the UK economy. Project management activities now generate an estimated £186.8 billion in Gross Value Added (GVA) annually. Such figures illustrate the pivotal role project professionals play in driving productivity, managing change, and ensuring strategic objectives are delivered on time and within budget. How to become a Project Manager: There is more than one route to becoming a project management professional. Entry routes include formal academic qualifications, professional certifications (such as qualifications offered by APM) and on the job training. Apprenticeships offer on-the-job learning and development so you can 'earn while you learn'. Many major organisations in the UK now run a project management apprenticeship programme. You don't need a degree to get into project management, as with the right experience, skills, qualifications, and commitment to professional development, there are many entry level jobs available such as assistant project manager or project assistant. This accessibility, combined with clear career progression paths and strong salary potential, makes project management an attractive option for recent graduates, career changers, and experienced professionals alike. Robin Carter-Evans, the education outreach manager at APM says: 'For young people it's important for them to initially understand what project management actually is, and that it's a profession in its own right. Every project needs a project team to keep a close watch on plans, budgets, teams, quality of outputs and any issues that may cause a problem to the project. Without one, projects are likely to fail. Projects come in different shapes and sizes, and all have an impact on the world around us.' As well as attracting school leavers and new graduates into the profession, the sector is also keen to recruit professionals from across other industries who already possess many of the key skills needed for success. Robin Carter-Evans explains: 'For career changers, the skillset needed for project management, which includes communication, leadership, planning, organisation, risk management, problem-solving, time management, and stakeholder management, are very transferrable.' Project management as a profession is evolving in response to global trends. As businesses navigate digital disruption, climate challenges, and the demand for sustainable practices, the role of the project manager is becoming increasingly strategic. Today's project managers are expected to not only deliver projects efficiently but also to align them with broader business goals, stakeholder expectations, and long-term sustainability targets. As industries continue to evolve and rely increasingly on project-based work, the importance of capable and qualified project professionals will only continue to grow. For further information about a career in project management visit
Malay Mail
a day ago
- General
- Malay Mail
Sarikei drug sweep nets 44 arrests, ex-civil servants among 37 who tested positive for meth
SARIKEI, May 30 — A total of 37 individuals, including three former male civil servants, six women, and 28 other men, have tested positive for methamphetamine following a Special Preventive Operation conducted by the National Anti-Drugs Agency (AADK) Sarawak. The operation took place across the Sarikei District from May 26 to 28 as part of ongoing efforts to combat drug abuse in the region. During the operation, 44 individuals were detained, screened, and subjected to urine tests. Of these, 37 tested positive for methamphetamine use. The operation was led by Sarikei District AADK Chief Dalin Nani George and involved officers from both the Sarawak State AADK and Sarikei District AADK. Support was also provided by several other enforcement agencies and departments, including the Malaysian Civil Defence Force (APM), the Royal Malaysia Police (PDRM), the People's Volunteer Corps (Rela), and local community leaders (KMKK). All individuals who tested positive are being investigated under Section 3(1)(a) of the Drug Addicts (Treatment and Rehabilitation) Act 1983. Meanwhile, two other individuals were handed over to the police for further investigation under Section 12(2) of the Dangerous Drugs Act 1952. AADK stated that it will continue to conduct regular and large-scale preventive and enforcement operations to address drug and substance abuse in Sarawak. The agency also called for cooperation from all sectors to help safeguard communities and maintain drug-free environments. — The Borneo Post
Time of India
3 days ago
- Business
- Time of India
Domestic natural gas prices may fall in June on crude oil decline
New Delhi: Domestic natural gas could get cheaper next month, potentially bringing down driving and cooking costs for millions of customers. For the first time in two years, domestic gas is likely to sell at less than the ceiling price set by the government, as crude oil prices have declined. This would boost the margins of city gas distributors . If they pass on part of the benefit to consumers, compressed natural gas (CNG) and piped natural gas ( PNG ) prices may fall. The government revises the domestic price of gas-also known as the administered price mechanism (APM) price-every month, based on the average crude price in the trailing month. The gas price is pegged at 10% of the Indian crude basket price. Based on May's average crude price of $64 per barrel, the gas price for June would be around $6.4 per mmBtu, lower than the current ceiling price of $6.75 per mmBtu. Play Video Play Skip Backward Skip Forward Mute Current Time 0:00 / Duration 0:00 Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions and subtitles off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like [Click Here] 2025 Top Trending local enterprise accounting software Esseps Learn More ET Bureau The government introduced this crude-linked pricing formula in April 2023, setting a price band between $4 and $6.5 per mmBtu, with the ceiling scheduled to rise by 25 cents from April 2025. Live Events Since the formula's introduction, high crude prices meant the ceiling price effectively served as the market price each month. June will mark the first time the effective domestic gas price falls below the ceiling. In April 2023, the government also introduced the concept of "new well" domestic gas, which can be sold at 12% of the crude price and is not subject to a ceiling. With crude prices falling, new-well gas prices have also declined. City gas distributors use both APM gas and new well gas to supply CNG to vehicles and PNG to households. New well gas accounts for about a quarter of the domestic gas supply to Indraprastha Gas Ltd , the country's largest city gas distributor. APM and new well gas allocations vary by company. Falling input costs can boost the margins of city gas distributors, which have faced shrinking APM gas allocations over the past two years. The lower allocation of domestic gas-which is significantly cheaper than imported liquefied natural gas (LNG)-has eroded margins and triggered multiple retail price hikes.
Borneo Post
3 days ago
- General
- Borneo Post
APM team snares 12-ft-long king cobra in bathroom of unoccupied Selangau PPRT house
Handout photo shows APM personnel with the captured king cobra. SELANGAU (May 28): A king cobra measuring 3.65 metres long (12 feet) and weighing 8kg was captured inside an unoccupied Hardcore Poor Housing Project (PPRT) unit at Rumah Tandang in Dijih here this morning, after having first been spotted last week. Selangau Civil Defence Force (APM) officer Luke Douglas Dongum said they received a call at 8.15am from the longhouse chief that the reptile had made its way into the bathroom of the unit. 'A team was immediately dispatched to the location, arriving 21 minutes later. Upon entering the bathroom, APM personnel took about 30 minutes to capture the cobra,' he said in a statement. He said the snake was later transported far away from populated areas and released back into the wild. According to Luke, the residents informed the APM team that they had spotted the same cobra in the vicinity of the PPRT unit last week, but that it quickly disappeared when they tried to catch it. He advised those living in rural areas or adjacent to jungles to remain cautious and avoid direct encounters with dangerous wildlife, especially venomous snakes. 'Report any sighting to the relevant authorities. Do not attempt to deal with such animals without proper training or equipment,' he said. King cobras (Ophiophagus hannah), the world's longest venomous snakes and among the heaviest, have been listed as 'Vulnerable' on the International Union for Conservation of Nature (IUCN) Red List since 2010. In Sarawak, the king cobra is listed as a protected animal under the Wild Life Protection Ordinance 1998. APM king cobra Selangau snake snare
