SUNBIZ

COVID-19: Business Registration Slows Down

Suva and Lami municipalities recorded a drop in business registration over the past four months, compared to the corresponding period last year.
25 Apr 2020 15:58
COVID-19: Business Registration Slows Down

Suva and Lami municipalities recorded a drop in business registration over the past four months, compared to the corresponding period last year.

Business registration

Special administrator chair for the Suva and Lami municipal councils Isikeli Tikoduadua said while businesses registered in the first quarter of 2020 marked a slight increase compared to last year, numbers indicated a slowdown for February and March 2020.

“The council is working closely with the retailers and business people to promote business activities within the current established framework,” he said.

Rakiraki

Rakiraki Town Council confirmed they have had a 32 per cent plunge in the renewal of business licensing this year.

Special administrator chair for Rakiraki and Tavua Mark Hirst- Tuilau said the coronavirus pandemic (COVID-19) has been one of the factors for the decrease in numbers.

“COVID-19 has affected the turnout of business renewal,” he said.

Closure of Penang Sugar Mill

“The other factor that has affected business in Rakiraki is the Penang Mill closure.

“Business in Rakiraki has not been booming since the Penang Sugar Mill closed in 2016, but there have been a few new businesses and investments in the area.” he said.

Mr Hirst-Tuilau said 19 businesses suspended operations on December 31, 2019, while another followed suit in January 2020.

“The impact of mill closure hit the business market in early December 2019 due to less business opportunities in Rakiraki.

“There seems to be no business closure lately.

“Businesses are still operating.”

The Penang Mill was closed in 2016 following the destruction caused by Tropical Cyclone Winston in 2016.

Feedback: susana.tuilau@fijisun.com.fj


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