Ups and downs
THIS WEEK'S TOPIC: What is the impact of the fall in the regional currencies? How has it affected your business?
THIS WEEK'S TOPIC: What is the impact of the fall in the regional currencies? How has it affected your business?
Yeoh Oon Jin Executive Chairman PwC Singapore
IN a country so dependent on international trade flows as Singapore, currency volatility is a major issue for most businesses here. While staff and other overheads are typically in Singapore dollars, companies will be importing parts and materials denominated in other currencies, and their sales may be denominated in another currency altogether.
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