Less than a quarter of 2,000 companies have responded to a survey that aims to assess the impact of COVID-19 towards local businesses, according to the Minister at the Prime Minister’s Office and Second Minister of Finance and Economy.

The survey is the second COVID-19 business impact survey conducted by Darussalam Enterprise (DARe) which will be used to understand what issues local Small and Medium Enterprises (MSMEs) are and will be facing.

The objective of the survey was to “further assess the impact and identify appropriate measures to support the operations of our local businesses”.

FILE PHOTO Image: The Bruneian

Speaking during a press conference on Monday, Yang Berhormat Dato Seri Setia Dr Hj Mohd Amin Liew Abdullah said that only 400 companies responded to the survey. 

This is less than a quarter of the 2,000 companies that were approached for the survey. 

Yet despite this limited response, the number of companies participating during this year’s survey increased by 33 per cent compared to last year’s 300.

He said initial findings showed that understandably, companies are earning less as the government introduced tightened COVID-19 measures to curb its spread. 

Minister at Prime Minister’s Office and Minister of Finance and Economy II YB Dato Dr Hj Mohd Amin Liew Abdullah. Image: Yusri Adanan

“Some businesses are reporting problems such as employees not turning up for work… Some companies want to close and some are facing problems with (paying the) rent,” he explained.

“Once this (survey) is complete, then we will be able to make a comprehensive analysis which can be shared (to the public),” he continued.

The minister also revealed another ongoing survey via phone targeted towards wedding venue operators where out of the 62 companies approached, only 19 have responded.

“This survey has not yet been completed and it is actually to find out about how COVID-19 impacts the business of wedding venues, so they are asked about refund policies and other (things of that nature),” he added.

THE BRUNEIAN | BANDAR SERI BEGAWAN

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