Empowering Growth in 2024:
Navigating the Post-Budget Landscape

We’re privileged to have almost 40 of our clients join us at our CEO event “One Month Post-Budget: What’s Next?”.

Our Managing Partner, Dr. Wilson Chew, shared his views on the economic outlook and what the Singapore Budget meant for businesses. SEA remains a key area of growth, and this reflects the sentiments of a majority of the CEOs who joined us yesterday (61%). Key Budget themes include: (1) Driving competitiveness; (2) integrating ESG into corporate strategies; and (3) embracing technology.

Jaslene Pang, J.P. Wilson’s Director,  talked about how the Budget supports the push for growth beyond Singapore, and competitiveness of companies. Competitive companies attract capital and strategic partners, which are crucial for strategy execution and growth. About 10% of the clients present thought they are attractive to investors and as a strategic partner on commercial projects (at least a 9 on an attractiveness ranking scale of 10). The way to evaluate and improve the attractiveness of companies objectively is through a strategic review.

Our Partner (ESG Strategy), Eric See, shared the enhancements to support for ESG from the Budget. Companies are finding it increasingly difficult to ignore the paradigm shift towards sustainable and responsible business practices. Significant and positive impact on growth strategy and ensuing financial performance are predicated on identifying the ‘right’ strategic ESG initiatives.