More firms see return to prepandemic profits in 2022

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Most business leaders in Southeast Asia expect their enterprises to return to prepandemic profitability levels by 2022 and most are in the thick of business and technology transformation program to sharpen their strategic focus.

This was according to the 23rd edition of EY Global Confidence Barometer, a regular survey of senior executives from large companies around the world conducted by Thought Leadership Consulting, a Euromoney institutional investor company. “The pandemic has fueled a strategic reset, with bold investment intentions now focusing on thriving rather than just surviving on the other side,” EY global vice chair for strategy and transactions Andrea Guerzoni said in the…

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