AN UNCERTAIN global economic environment and lingering geopolitical tensions are putting the resilience of Singapore enterprises to the test once more.

All eyes will be on Budget 2024 as businesses look for greater government support in navigating these concerns, while accelerating their digitalisation, sustainability and internationalisation to remain competitive.

KPMG’s research shows that top chief executives globally view geopolitics as the greatest risk to business growth, with more than half of those in Singapore adjusting their strategies to tackle these complex challenges. While Singapore’s economic growth is expected to improve this year, businesses remain cautious.