“Building Enterprises of the Future” comes at a time when many firms are affected by a slowing economy, global macro uncertainties and technological disruption. It is a sobering period for many businesses but also offers some bright spots - providing fertile ground for seeds of a new economy to be planted. These seeds are our very own Singapore companies, who are transforming to prepare for the digital economy ahead.

This pre-Budget 2017 report examines what companies are doing in the midst of this challenging environment and what can be done to help them develop into enterprises of the future.

Over the course of November and December 2016, we spoke to groups of business owners and leaders to listen to their views on the economy and the problems they face. We supplemented this with a poll of 123 companies, including multinationals, large local corporations and smaller companies, who told us that regardless of the downturn, their eyes are cast firmly on the future. Many are already adapting to the new digital economy, while others are looking for help to do so.

We hope the insights from the research will help the Committee for the Future Economy with their deliberations and provide valuable feedback to the Government in the lead-up to Budget 2017.