Digitalisation, Sustainability, and Internationalisation: Key Levers for Growth
As global economic uncertainty and ongoing geopolitical tensions continue to challenge businesses, Budget 2024 presents a timely opportunity for Singapore enterprises to enhance their resilience. KPMG research reveals that global chief executives, particularly in Singapore, are increasingly concerned with geopolitics and have adjusted their strategies to address these risks.
In response to these concerns, the Singapore government’s initiatives under Budget 2024 focus on leveraging digitalisation, sustainability, and internationalisation as key drivers for business growth. By accelerating digital transformation and adopting sustainable practices, businesses can better navigate the complex global landscape and secure their competitive edge. Additionally, expanding internationally will help businesses tap into new markets, further diversifying their revenue streams.
With a cautiously optimistic economic forecast for 2024, businesses in Singapore are encouraged to embrace these strategic initiatives to ensure long-term success and resilience amid the ever-changing global environment.
