Terrorism, cyber-attacks top global risks for Singapore businesses

IN the 2017 Executive Opinion Survey by the World Economic Forum, Marsh & McLennan Companies and Zurich Insurance Group, Singapore business leaders voted terrorism and cyber-attacks as the global risks which keep them up most at night. Out of 136 countries surveyed, Germany and the United States were the only other countries to rank these in the top two.

In contrast, similar to 2016, the top five risks identified overall by more than 12,400 executives surveyed globally were high unemployment, energy price shocks, fiscal crises, national governance failure and social instability.

These results send a clear message that Singapore businesses are more concerned about international risks than homegrown pressures and reaffirm Singapore's position as an oasis of stability in the region, and highlights vulnerabilities.