Can we invest in Foreign currency like A$ and Sterling pound now???

Please advise!!!

Thank you

Best regards

Kim

It is too great a risk to take to devalue the SGD.  Once you crack the glass, it may or might not be repaired.  Sure you could recraft your damaged item, but it will be a different world for Singapore's economy.  We just don't like to follow the Indonesians whose everything is so cheap.  We can't follow Malaysia whose cheap currency serves the tourist who spend visiting the many natural and beautiful and historic places.  If we devalue of our currency, our good advantage is the foreigners will come to gamble in our two Integrated resorts. Wow, won't that be nice?  If we are looking for cheap income from the IRs' businesses after spending so expensively?

Anyway, we must consider every nooks and corners rather than sweeping everything under the carpets and still say nothing is wrong with that. We can do with allowing free float of our currency, but we must not allow to fall into the trap of analysts trying to do us in. 

We want to create cheaper exports? Buyers go for cheap but have to consider quality. Thus we must increase our production capabilities and our ability to make better products. We must spend more on research and development for the various industries that are export oriented.

Look at the US and China's currency policy.  They are very smart, I think, preferring to stabilize if not putting clear messages about their currencies and not allowing speculators to tell them what to do.

I hope MAS think very carefully if they are comtemplating anything beyond just allowing a free float with a watchful eye over the currency's status quo.

It is like saying .... buy less imported goods....but what is local made anyway.....Harddisk for dinner ??

Anyway, I am buying local produce eggs these days....bigger, more fresh....the yolk don't break easily...got expiry date stated and twice the price of imported eggs.....

But MAS has never openly mentioned a predefined trade band for this matter.

And what is the problem with devaluation ? Textbook say, if you can devalue once, you will doing twice and thrice.

Reporter are fast these days....  This is indeed a big news for us which is import intensive.