CSPub and CSP can consider implementing a natural hedging strategy by increasing their local currency costs and revenues in Singapore. This would reduce their exposure to exchange rate fluctuations and mitigate potential losses.

They can also explore using financial hedging instruments such as forward contracts or options to lock in exchange rates for future transactions. This would provide certainty in their cash flows and protect against adverse currency movements.

Another alternative is to diversify their operations and sales into other Asian countries, reducing their reliance on the Singapore dollar and spreading their currency exposure across different currencies.

CSPub and CSP can also consider partnering with local banks or financial institutions in Singapore to gain access to their expertise and guidance in managing FX risk. This would provide them with valuable insights and support in developing effective risk management strategies.