Private sector reacts to impact

Private sector reacts to impact

Fiji Times 10 June 2020 – Ninety-three per cent of businesses in Fiji had reported a significant decline in sales or revenue because of the impacts caused by COVID-19.

This was the results published in the Pacific Trade Invest (PTI) Pacific Business Monitor Report which stated 91 per cent of Pacific businesses had felt the brunt of the pandemic.

PTI Australia’s Trade and Investment Commissioner Caleb Jarvis stated the research was very important for the region as the feedback from the Pacific private sector was encouraging.

“Through our day-to-day interactions with businesses in the Pacific, we hear the stories of how COVID-19 is impacting different kinds of businesses and the challenges they face,” he said.

“As a global PTI network, we see the importance of quantifying the anecdotal feedback we are receiving to inform not only our work in the Pacific but also provide valuable longitudinal data to governments, donors and stakeholders.