Surveys of Pacific businesses has shown the heavy impact of the pandemic.
Pacific Trade Invest Australia in its Pacific Business Monitor is endeavouring to understand the ongoing effects of Covid-19 on small and medium-sized enterprises across the Pacific.
More than 110 companies responded surveys tracking the impacts on revenue, the local economies, and mental health and wellbeing.
The main street in Savusavu town.
Photo: 123rf
Access to government support, how businesses are adapting to the crisis, and the key areas of support needed to recover, were also explored.
Nearly 90 per cent reported declines in revenue - largely due to international border closures and a subsequent lack of tourism and cash flow.
Survey Shows Unrelenting Impacts Of COVID-19 On Businesses In The Solomon Islands
According to the December survey, nearly a quarter of businesses remain temporarily closed while another 43 per cent are only partly operational.
Source: File Thursday, 17 December 2020 12:43 PM
This year’s final Pacific Business Monitor, a monthly survey tracking the effects of COVID-19 on businesses in the Pacific region by the Pacific Trade Invest (PTI) global network, highlights the persistent and severe effects the pandemic has had on businesses in the Solomon Islands and the Pacific throughout 2020.
Across eight months of surveying, over 85 per cent of respondents have consistently reported negative impacts on their business due to COVID-19, as well as loss of revenue and perceived damage to the local economy.
Pacific Trade Invest Australia Closing The Digital Literacy Gap in the Pacific
The program is being headed by Cath Cooksley-Little, General Manager – Marketing, Communications & Tourism.
Source: Supplied Thursday, 10 December 2020 12:30 PM
Pacific Trade Invest (PTI) Australia has opened applications for a new tailored Social Media for e-Business professional development scholarship, designed specifically for businesses across the Pacific region.
As the region navigates a new ‘COVID normal’ world, PTI Australia identified a digital capability gap within Pacific businesses and has designed a six-week practical professional development program.
The program builds on the successful one-day PTI Australia Social Media Masterclass. The six-week program will deepen the knowledge and extend the practical skills of participants enabling them to effectively use social media to grow their business.