businesses

Report highlights Covid-19 impact on Tonga's private sector

The Pacific Business Monitor Tonga Focus 2020 Report aggregates results from respondents in Tonga across all the PTI Pacific Business Monitor surveys conducted in 2020. The report provides insight into the impact Covid-19 had on Tonga’s private sector last year, in comparison to businesses in the Pacific region.

Tonga Government extends Covid-19 Business Recovery Assistance

Prime Minister Dr. Pohiva Tu‟i‟onetoa announced the additional support from the Stimulus package will be March until the end of June 2021.

A statement said the Government has considered the depth and duration of the Covid-19 global pandemic and economic downturn to be longer.

The Prime Minister’s Office said preparations to re-open the border safely is going to be extended beyond 2021 into 2022.

“Two separate surveys in the second and fourth quarters of 2020 confirmed the impact on businesses to be substantial.”

Impact on female-led Pacific businesses deepens as COVID-19 takes its toll

Despite this, Pacific businesses continue to adapt; an increasing number have scaled back operations, with fully operational female-led businesses decreasing to 23 per cent (down from 29 percent during Survey 4 of the PTI Pacific Business Monitor), and partially operational businesses increasing from 29 per cent to 41 per cent.

Commenting on the Survey 5 findings, PTI Australia Trade & Investment Commissioner Caleb Jarvis noted that the pandemic is biting hard for all businesses – particularly those led by women.