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  • President of the Private Sector Organisation of Jamaica (PSOJ), Keith Duncan, is commending the Government on the fiscal package put in place to help those who will be impacted by the coronavirus (COVID-19).
  • He said he is pleased that focus is being placed on employees, small businesses and the informal sector.
  • “We appreciate the package and we appreciate that there are funds allocated to small and medium-sized enterprises in the tourism sector and outside of the sector, because small and medium-sized enterprises will face a significant challenge because they are the most vulnerable,” he said.

President of the Private Sector Organisation of Jamaica (PSOJ), Keith Duncan, is commending the Government on the fiscal package put in place to help those who will be impacted by the coronavirus (COVID-19).

He said he is pleased that focus is being placed on employees, small businesses and the informal sector.

“We appreciate the package and we appreciate that there are funds allocated to small and medium-sized enterprises in the tourism sector and outside of the sector, because small and medium-sized enterprises will face a significant challenge because they are the most vulnerable,” he said.

Mr. Duncan was addressing a digital town hall for workers and small businesses hosted by Prime Minister, the Most Hon. Andrew Holness, on Thursday (March 26).

The Government is providing a $25-billion fiscal stimulus package to cushion the impact of the virus on businesses and workers, with significant support for employees and small operators under a COVID Allocation of Resources for Employees (CARE) programme.

Mr. Duncan said he is pleased that “at this point in our history that we have been able to get to a point where we are able to actually have a fiscal package and to have fiscal measures to address this problem that we have”.

“These measures are for three months, and I am sure that the Government will have a look at it and review it from time to time. We believe it is important that we find that balance between economic activity, managing the spread of the virus, as we must find ways to have our economy continuing to move and turn over, so that people can continue to earn,” he noted.

Meanwhile, he informed that the PSOJ and the Jamaica Chamber of Commerce have gone through the social distancing protocols and the public orders with their memberships.

He said the move was necessary, as “we have to find that balance in each sector – construction, manufacturing, business process outsourcing – to ensure that social distancing protocols are observed”.

“People’s safety is paramount while keeping economic activity going. We think it is very important that we find that balance so we can move forward in that direction,” the PSOJ President said.

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