Ups and downs

 
What is the impact of the fall in the regional currencies? How has it affected your business?

THE fall in regional currencies hurts Singapore exports to those countries, as our exports become more expensive to them. On the flip side, this is the best time for retailers who import goods to stock up on inventory.

It may also be a good time for local companies to internationalise and invest, or expand to these regional countries with weakened currencies.

The impact of the weakening regional currencies has been minimal on PrimeStaff mainly due to the fact that our business is predominantly domestic. Our fees for the regional clients whom we serve are based on the Sing dollar equivalent so the fall in weakening currencies does not impact our business directly either.

Ronald Lee
Managing Director
PrimeStaff Management Services Pte Ltd