Stronger Sing$ benefiting firms here but could hit competitiveness of exports

Companies here that deal with overseas trade as part of their business have recently been experiencing - or are now beginning to experience - the impact of a strengthening Singapore dollar.

The effect goes two ways: A stronger local currency tends to make imports cheaper for businesses such as property developers, food and beverage (F&B) outlets like supermarkets and restaurants, as well as retailers that purchase materials or products from abroad. However, it might hit the demand of exports from Singapore companies that sell their goods to overseas markets, industry players and businesses said.