ECONOMY | Staff Reporter, Singapore

Half of Singapore businesses are terrified of asset bubbles, reveals report

Cyberattacks are another key risk.

Business leaders in Singapore are losing sleep over the threat of asset bubbles and the persistent risk of cyberattacks, according to the World Economic Forum’s Global Risks Report 2016.

The report shows that 48% of surveyed enterprises in Singapore rank cybearattacks as the biggest risk to doing business in the city-state. This was closely followed by the risk of an asset bubble, which was flagged by 46% of respondents.

In addition to cyberattacks and asset bubbles, Singapore's top risks to doing business include energy price shocks (35%), terrorist attacks (34%), and the spread of infectious diseases (27%).

Lowest ranked was the risk of state collapse or crisis (0.6%), reinforcing confidence in Singapore’s stability and governance.

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