CEOs eye raising capital investment to beat macroeconomic risks: study
Business leaders say global political conflict and climate crisis are a concern.
Almost eight in 10 Singaporean CEOs are planning to increase their capital investment to navigate the obstacles being faced by their businesses such as climate crisis, inflation, and geopolitical tensions, EY said in its study.
The findings of EY CEO Outlook Pulse - October 2022, which polled the views of 760 global CEOs including 30 Singaporean CEOs, also showed that 67% of Singaporean CEOs seek acquisitions to combat these economic woes.
When asked about their challenges, 43% of CEOs in the Lion City said return of pandemic disruption is a greatest obstacle to their business, with cost pressures being a concern of 73% CEOs.
Geopolitical tensions and climate change were also considered as significant risks by 27% and 40% in Singapore, respectively.