Hedge and diversify

Don’t put all your eggs in one business segment. And don’t put them in one Malaysian basket is Tios advice to SMEs.

PKT’s Michael Tio tells JOY LEE businesses must be creative in the current economic climate by hedging against the dollar, localising products and diversifying their target markets.

THESE are undoubtedly challenging times for businesses, especially small and medium enterprises (SMEs), given the sluggish economic environment, stiffer competition and depreciating ringgit.