New Ireland Businesses May Take Time to Recover

By: PNG Business News January 15, 2021

Like many other businesses, those in New Ireland will need more time to recover due to the COVID pandemic.

According to New Ireland Chamber of Commerce and Industry President Nolis Thomas, the recovery would be slow.

“Businesses will not recover to what it was prior to the Covid-19 and the restrictions,” he said. “We do not anticipate it (business) to recover to what it was in the earlier part of the year last year. We will have some recovery this year but not what it was.”

Thomas said that the economic stimulus package released by the government would only cover some factors - but not all. He added that robberies had started happening and businesses who plan to raise the cost of products and services might impact the people. But this was what businesses might need to do: increase the costs to recover the price of robberies.

“Stealing started happening frequently around three years ago and has been continuing,” he said.

He added that the chamber has condemned these unscrupulous activities.


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