There has been a lukewarm response from the Small Business Association of Jamaica to the new curfew hours.
Member of the Association, Hugh Johnson, told the Financial Report that the revision has come too late for the sector which is on the verge of collapse.
“We welcome any improvement in doing business but as it is now, we need an injection from the state to help those businesses to start because they are on their knees and even with the extended hours - I am not sure how that is going to pan out. Everyone is now hustling - we need some serious grants to businesses to get them back in operation,” he said.
According to the latest business and consumer survey fewer households are receiving remittances.
It has declined to the lowest since data collection started in 2010.
Head of Market Research Limited Don Anderson, outlined the data up to the end of September.
“To date, we have recorded the lowest instances of remittances for Jamaican households - it may not translate in terms of inflows from different sources . What it is saying is that fewer persons are now saying that they are receiving remittances - 21percent when compared to the high of 28 percent in 2016,” said Anderson who was speaking yesterday at a media briefing.
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