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Seminar on 2017 Business Outlook - Challenges and Implications for Business

The global economic outlook for 2017 is expected to be challenging, compounded by developments such as Brexit, China's slowdown and Trump’s presidency. For Singapore, its economy is forecasted to grow between 1% and 3%.

To better understand these global developments and their impact on businesses, some 180 participants attended the “Seminar on 2017 Business Outlook – Challenges and Implications for Business” held by SBF on 17 Jan 2017 at Suntec City and Convention Centre.

SBF CEO delivering his welcome remarks

Mr Francis Tan giving an overview of the business outlook for 2017

Following SBF CEO Mr Ho Meng Kit’s welcome remarks, UOB economist Mr Francis Tan kicked off the seminar with an insightful overview of the business outlook for 2017. He also touched on the trend of rising trade protectionism and political isolation countries and their implications for countries as well as the common man.

Ms Joanne Guo sharing the findings of the SBF National Business Survey 2016/17

Ms Joanne Guo, SBF’s Assistant Executive Director for Strategy and Development, went on to share the findings of the SBF National Business Survey 2016/17. The survey highlighted the Singapore business community’s views of the overall business environment, the challenges they face and their wish-list for Budget 2017 (download the report here).

Mr Koh Tat Liang speaking on the SBF-led SME Committee's Budget recommendations

The SBF-led SME Committee (SMEC) also presented its recommendations for Budget 2017. Mr Koh Tat Liang, Assistant Executive Director for Capacity Building and SMEC, explained the rationale for the recommendations focusing on two broad areas – growing globally competitive companies and offering broad-based support for SMEs to ensure their viability (download the report here).

Mr Sovann Giang sharing his expertise on China

To help businesses manage risks and opportunities in China, Mr Sovann Giang, a Senior Director at RSM Risk Advisory Pte Ltd, spoke on the strategies to adopt as well as his experience and perspectives.

Speakers of the panel discussion

The seminar concluded with a lively panel discussion involving Mr Anuj Kagalwala, a tax partner at PWC, Mr Tan, Ms Guo, Mr Koh, with Mr Song Seng Wun, regional economist CIMB, as the moderator. The panellists also took on questions from participants on the challenges and opportunities for Singapore businesses.

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