Uncertainty weighs on Singapore firms with UK ops, businesses fret over chance of a hard Brexit

Businesses fret over chance of a hard Brexit; analysts warn of volatile near-term outlook

The striking down of Theresa May's proposed Brexit deal by the UK Parliament has compounded the uncertainty over Britain's exit from the EU.
The striking down of Theresa May's proposed Brexit deal by the UK Parliament has compounded the uncertainty over Britain's exit from the EU.PHOTO: REUTERS

British Prime Minister Theresa May's Brexit plans may be in tatters, but Singapore-based Concorde Security is moving ahead with its expansion plans in the United Kingdom.

"Regardless of how Brexit turns out, they still need security solutions. Just like utilities," said Mr Chow Siew Chong, vice-president of the security solutions provider.

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A version of this article appeared in the print edition of The Straits Times on January 17, 2019, with the headline 'Uncertainty weighs on S'pore firms with UK ops'. Print Edition | Subscribe