The Solomon Islands Chamber of Commerce and Industry (SICCI) met with the Prime Minister and his senior staff on Friday 24 July to present business concerns and also engage on managing our economy’s recovery from COVID-19 impacts.
From the Chamber side, the SICCI Board was represented by the Chair, Jeremy Bartlett, the Vice Chair, Ricky Fuoó and SITCO General Manager, Kazi Mushfiqur Rahman as Chair of SICCI’s Manufacturing Industry Working Group (MIWG). The SICCI Chief Executive Officer (CEO) was secretary to the discussions.
The discussions covered topics such as the MoU recently renewed between SICCI and Government, and the intention for the Chamber’s advocacy platforms the Building and Construction, and the Manufacturing industry working groups.
The meeting also heard how the ongoing global pandemic is impacting on our companies and industries.
“The long-term advocacy goals for SICCI from its membership, is addressing barriers to business growth in the country such as cost of doing business, and reforms to our tax system, as well as the effective implementation of our laws and regulations. We urge that these enablers for private sector growth are not forgotten,” a SICCI media statement released today said.
In relation to the appreciation of business hardships, the statement was confident that the message was well-received.
“The latest SICCI survey shows that companies are now facing cashflow stresses related to lower demand for their goods and services and most do not have deep pockets to tide them through. This latest SICCI survey also showed impact on more than five hundred workers across our different sectors.
“Of immediate worry is that no more jobs are lost, and hard-fought investments in the country are not whittled away even further.”
The SICCI Board left the meeting, feeling abit more optimistic that there will be due consideration given to these red flags for our economy, when Government undertakes its reprioritisation of the national budget for 2020, and in preparing for 2021 budget.
“The private sector, the businesses and companies who have been here through the country’s ups and downs, will strive to endure but in order to keep their doors open and workers engaged meaningfully, any stimulus measure must balance where interventions are intended to keep afloat, and where it is made, to stimulate new productivity.
“We will keep raising the experiences our members are facing so that legal, policy solutions are arrived at, fully informed of the risks to livelihoods of business owners, the workers and the many many households and communities who rely on them,” the SICCI statement said.
Solomon Islands Chamber of Commerce & Industry
1st Floor, Suite 223, Hyundai Mall,
T: (+677) 39542
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