Following a meeting with the business community on Friday, the Private Sector Commission (PSC) says it is concerned that the economic downturn can lead to a high level of non-performing loans and it urged the government to do more to battle crime.
In a statement yesterday, the PSC said that the meeting focused on matters of employee retrenchment, the “sudden increase” in crime, spending on Government projects and matters related to how the clearing of goods and the processing of investment agreements are affecting businesses.
The PSC reported that business representatives said that they have noticed a drop in consumer spending and expectations. Further, projects are being delayed/suspended due to the cessation of payments and foreign and local business partners have