Sixty-six businesses closed due to COVID-19 crisis
Kumar adds their detailed damage assessment shows that most of these businesses are restaurants and liquor shops that depend mostly on the disposable income of Fijians and from the tourism industry.
“The on-the-ground survey carried out by the Municipal Councils showed that the economic impact of COVID-19 is evident throughout our municipalities; 25 businesses in Suva, 14 businesses in Nausori, 16 businesses in Labasa, seven businesses in Lautoka and four businesses in Nadi have closed down due to COVID-19 to date”.
The Minister adds that we must prepare for a very different picture for the remainder of the year as the COVID-19 pandemic is expected to have further impact on economic activity.
Credit: FBC
Date: 28/5/2020
