of business leaders in Singapore expect their global footprint to expand over the next 3 years
plan to increase global investments in the next 12 months
expect increased barriers in employing foreign labour over the next year
are currently automating some functions in their workforce
"Technology and increased capital flows are inevitably revolutionising the business landscape in Southeast Asia, and Singapore must continue to seek out its comparative advantage to maintain its unique role within the region."
Based on the responses of more than 80 business leaders surveyed in Singapore, this year’s results affirm the city state’s position as one of the most outward-oriented economies in the region. Correspondingly, businesses based in Singapore are also found to be more exposed to global economic headwinds than their regional peers.
When it comes to gearing up for the digital future, our findings suggest that businesses in Singapore are ahead of the APEC curve in certain respects due to the above-average adoption rate of a number of digital workforce strategies by its respondents.
Compared to their regional peers, business leaders surveyed in Singapore are found to have: