Fewer firms expect better business conditions despite revenue growth

65% saw revenue growth in 2024, but only 36% expected better conditions.

Despite many organisations reporting revenue growth in 2024, only a few said they anticipate improvements in the business environment.

In a report, Australia-based AustCham said 65% of companies reported revenue growth in 2024 (up 2%), but only 36% anticipate an improvement in the business environment (down 14%).

Companies identified geopolitical conflicts (73%), difficulties in attracting local talent (65%), and rising business costs (65%) as the top challenges.

Additionally, they highlighted concerns about recruiting and retaining quality employees, as well as uncertainties in both global and local economies.

On the other hand, most respondents identified key opportunities in digital and AI technologies and the adoption of or compliance with sustainability practices.

Notably, 93% of companies have adopted digital technologies, with Cloud, CRM (Customer Relationship Management), and AI-based technology being the most commonly implemented.

However, challenges persist, including concerns about data privacy and security (58%), integration complexity (53%), and high costs (53%).

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia