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UOB Business Outlook Study 2023 (SME & Large Enterprises)- Singapore
ASEAN is an interconnected, young, and dynamic economic region of more than 650 million people, offering unique and diverse business opportunities. Amidst market turbulence and uncertainty, ASEAN has weathered recessionary risks well and continues to show strong growth potential. In this awakening region, business leaders need strategic partners with the ambition and capability to build the future of ASEAN. This is especially true for SMEs that form the backbone, specifically, 97% of ASEAN’s economies.
As a strategic partner to SMEs, we have commissioned the UOB Business Outlook Study 2023 (SME & Large Enterprises) to capture key insights from over 4,000 companies across industries and 7 markets, to understand current business sentiments and how we can continue to support their resilience, growth and needs.
The insights cover three key areas:
- The trends that are shaping the growth of SMEs, in the areas of Sustainability, Digitalisation, Supply Chain Management and Overseas Expansion;
- How SMEs are adapting to a changing business landscape and adopting growth strategies;
- How UOB and industry partners can continue to support SMEs with their growth ambitions
Here is a glimpse of the key insights:
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IMPORTANT NOTICE AND DISCLAIMER
The information contained in this publication is based on certain assumptions and analysis of publicly available information and reflects prevailing conditions as of the date of the publication. Any opinions, projections and other forward-looking statements regarding future events or performance of, including but not limited to, countries, markets or companies are not necessarily indicative of, and may differ from actual events or results.
The views expressed within this publication are solely those of the author’s and are independent of the actual trading positions of United Overseas Bank Limited, its subsidiaries, affiliates, directors, officers and employees (“UOB Group”). Views expressed reflect the author’s judgment as at the date of this publication and are subject to change.
UOB Group may have positions or other interests in, and may effect transactions in the securities/instruments mentioned in the publication. This publication is not an offer, recommendation, solicitation or advice to buy or sell any product or enter into any transaction and nothing in this publication constitutes accounting, legal, regulatory, tax, financial or other advice. Please consult your own professional advisors about the suitability of any transaction/ investment product/securities/ instruments for your investment objectives, financial situation and particular needs.
UOB Group may have also issued other reports, publications or documents expressing views which are different from those stated in this publication. Although every reasonable care has been taken to ensure the accuracy, completeness and objectivity of the information contained in this publication, UOB Group makes no representation or warranty, whether express or implied, as to its accuracy, completeness and objectivity and accept no responsibility or liability relating to any losses or damages howsoever suffered by any person arising from any reliance on the views expressed or information in this publication.
This publication has not been reviewed by the Monetary Authority of Singapore.
