Allowing more sectors to reopen gives breathing space to SMEs

One of this government’s last acts was to allow more economic sectors to reopen. This has led to some debate over whether this move is premature. However, it is in fact a much needed and long-awaited boost to businesses, providing relief to traders affected by the prolonged closure of business.

The conditional resumption of the operations of 11 economic sectors under Phases 1 and 2 of the National Recovery Plan takes effect this week. This will give a new lease of life to traders, especially SMEs who were greatly affected by the prolonged lockdown and suffered huge losses due to the closure of the economic sector since June 2021.