Friday 29 Mar 2024
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SINGAPORE (June 6): Amid heightened geopolitical risks, such as the ongoing US-China trade war, 92% of CEOs in Singapore are still confident about the growth prospects of their companies, according to KPMG’s Agile or Irelevant — 2019 Global CEO Outlook: Singapore Edition.

However, confidence in the global economy has dropped to 64% from 77% in 2018, and only 28% of the CEOs expect a revenue growth of 2% and above.

Conversely, 94% of global CEOs are bullish about their company’s prospects and 62% are bullish about the global economy. Globally, 46% of CEOs expect a revenue growth of 2% and above.

Ong Pang Thye, managing partner of KPMG in Singapore says, ““There are expectations that the quantum of growth for companies in Singapore are lower as compared to global peers, because trade is the key driver of growth for Singapore. The initial rounds of uncertainty from the trade tensions have...(click on link for full story on theedgesingapore.com)

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