Report Finds COVID-19 Impacts Unrelenting on the Pacific Private Sector
Despite ongoing adverse impacts and delayed recovery expectations, the July survey showed stability in optimism among the majority of respondents with 70 per cent of Pacific businesses confident their business will survive the COVID-19 crisis, compared to 69 per cent last wave.
Source: Supplied Thursday, 29 July 2021 13:41 PM
The fifteenth Pacific Trade Invest (PTI) Pacific Business Monitor reports that sentiments among the Pacific business decision-makers remain critical and expected timelines for economic recovery are shifting back further.
COVID-19 impacts on Pacific businesses have remained at severe levels since tracking began in May 2020, with between 79 to 92 per cent of respondents consistently reporting a negative impact. The recent July survey reinforced this ongoing severity with 84 per cent of respondents reporting a negative impact. Of Pacific respondents 33 per cent were from the touris
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PTI Australia Delivers Record Pacific Investment Deals through COVID-19
Looking ahead, Mr Jarvis reinforced the agency’s commitment to supporting Pacific businesses and the communities that rely on them.
Source: Supplied Tuesday, 29 June 2021 11:11 AM
Pacific Trade Invest (PTI) Australia, an agency of the Pacific Islands Forum Secretariat, has launched its 2020 Annual Report, highlighting more than A$20 million in export deals and a record nine investment deals facilitated in the region, despite the challenging environment.
In the Solomon Islands PTI Australia assisted 24 businesses through facilitating connections and capacity building, facilitating over A$659,339 in exports and A$17,120 in investment.
PTI Australia Trade and Investment Commissioner, Caleb Jarvis, noted the impacts of the pandemic on the Pacific and the organisation’s work to keep supporting the private sector through and beyond this crisis.
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