Bankruptcy not an option for Suva businesses – FBC News

COVID-19 has caused an unprecedented economic contraction, but government assistance has helped businesses stay afloat during the pandemic.

Suva Retailers Association President Jitesh Patel said chronicling the economic shocks most of their members have suffered in the past, including coups, has helped them stay operational despite the uncertainty of the COVID-19.


“Most of our members are not new businesses. Some date from the 60s and 80s. We have been through difficult times and bankruptcy will always be our last option.

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Permanent Secretary of the Ministry of Commerce and Trade, Shaheen Ali, said business opportunities in the market have not diminished in a way that can completely halt business operations.

“The third wave is generally easier to manage, given the experience we have had with the second wave. But of course there are issues of people getting sick but not seriously ill, so labor turnover is an issue.

Westpac Fiji’s prediction of a rebound in growth for the Fijian economy in 2022 is a silver lining for businesses keen to stay open.

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