Hank Morrison, whose Philippine company makes model aeroplanes, says he could be out of business within six months if the Filipino peso continues to rally against the US dollar.
“With the way the peso is going, it's become almost impossible,” he says. “I'm not only operating at a loss but, in effect, the more I make, the more I lose.”
汉克•莫里森(Hank Morrison)的菲律宾公司生产飞机模型，但他表示，如果菲律宾比索对美元继续升值，他的公司可能半年内就要关门了。
As an emergency step, Mr Morrison has decided to halve his production of model aircraft, 95 per cent of which end up in the US on the shelves of collectors or industry buyers such as Boeing. That is bad news both for Mr Morrison's 60 Filipino employees and for Philippine exports.
他表示：“以比索目前的走势来看，企业就要经营不下去了。我不仅是在亏损经营，事实上，我做得越多，亏损就越大。”
Not all of Asia's exporters are suffering. K.C. Chua, executive director of Singapore's Petra Foods, the leading chocolate company in south-east Asia, says the weaker US dollar has helped offset a doubling in the cost of milk imported from New Zealand and Australia, while stronger Asian currencies have boosted revenues in Indonesia and other Asian markets.
