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Business bodies urge Govt to impose curfew
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Regional confederation: Include business chambers in covid19 relief conversation
3 Hrs Ago
Business chambers say while they support measures to keep covid19 from spreading until vaccines could be distributed, locking down the economy without a proper strategy in place could be detrimental. FILE PHOTO -
Of the 27,000 registered businesses in TT, about 16,000 belong to the small and medium enterprise (SME) sector. But this sector, as described by Jai Leladarsingh, co-ordinator of the Confederation of Regional Business Chambers, is on life support because of measures to combat covid19.
While government has put in place a suite of relief measures, which includes loans for businesses and unemployment relief grants for those experiencing a loss of income or a reduction of income, Leladarsingh says the measures were not well thought out. He said relief needs to be tailored to the needs of businesses and designed to be accessible to all businesses, especially at a time when they need it