Manager calls for quick action to save businesses

THE Government needs to act fast to provide a stimulus for businesses to move forward from the Covid-19 pandemic in what is described will be ‘the new normal’.
Ruswin Integrated Solutions general manager Kevin Buckby told The National that most businesses were now under pressure and would not make any profit this year.
“What is required is for the Government to stimulate the PNG economy and this can be done in many ways without costing the Government anything,” Buckby said.
“Trading through the SOE (state of emergency) period has been difficult and we have seen a sharp decline in business opportunities.
“Speaking with other business managers, unless you are in a market sector like food for example, which has seen an increase, most other sectors have declined and the PNG economy has shrunk quite drastically.
“Unfortunately, unless the market improves within the next few months some SME (small and medium enterprise) will cease to trade and this will only add to the Government’s problems.
“Action is required now and smart decisions need to be made, this situation will not correct itself.
“I pray that the Government is seeking advice from all sectors and not just the top end of town.
“Any stimulus package from the Government has taken too long and my concern is if there is a stimulus package that will only benefit the larger companies and corporations.
“Most businesses are doing the right thing, but we are all under pressure.
“We are not a Government that can go out and get aid.
“Most banks will want to look at the businesses last six months trading before they give out loans or overdrafts so funds are very limited.”