31 Jan 2017
ISCA CEO, Mr Lee Fook Chiew, was interviewed by The Business Times on the question of "What are the prospects for the global economy in the Year of the Rooster? In particular, what bright spots do you see, and what dangers?" This is what he has to share:
The ASEAN region, with its growing middle class and the opportunities that this brings, will continue to be a bright spot for businesses. In countries like Vietnam and Myanmar, forecasted GDP growth rates continue to be as high as 6 to 8%. The rebound in commodity prices, while still not at the levels of the 2000s, is likely to help stabilise growth in ASEAN. On the flip side, globally, the protectionist stance that the Trump administration in the US has adopted so far, as well as geopolitical tensions, could be major concerns. These could have adverse impact on businesses globally. - Lee Fook Chiew, Chief Executive Officer, Institute of Singapore Chartered Accountants (ISCA)
This article was first published in "Views From the Top" in The Business Times on 30 Jan 2017.
Share this Page