Support in recovery phase crucial

Ongoing assistance: There needs to be continued support for businesses during the recovery phase to help them get back on their feet.— Reuters

SMALL businesses with little reserves have been especially hard hit in the past year and a half as many were forced to stop their operations during periods of lockdown. Notably, the movement restrictions have created a severe liquidity crunch as well as supply chain issues for SMEs.

As more sectors are allowed to operate under the National Recovery Plan (NRP), industry observers note that there needs to be continued support for businesses during the recovery phase to ensure that they are able to get back firmly on their feet amidst a different landscape.