The study, initiated by the Bahrain Chamber of Commerce and Industry (BCCI), seeks to collect feedback from the business community on how long they see themselves sustaining operations and the challenges they face, such as non-payment of wages or lay-offs in the coming period.
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Urging all members to take part in the survey, the business body said this would provide it with information that reflects the current economic situation and enable its efforts to propose appropriate solutions to mitigate the impact and expedite the recovery of the national economy.
“The BCCI has launched a survey directed at its members in light of the altering challenges facing the business community at various stages of combating the pandemic,” the business association said yesterday.
“This survey aims at measuring the pandemic’s impact on the private sector and identifying the strides taken by business owners to adapt to the new normal and ensure the sustainability of their businesses.”
Respondents, including expatriate businessmen, need to fill their personal details alongside the nature of their business such as health, real estate, finance, tourism, training institutes, among others.
In addition, they need to state whether they employ up to five or more than 100 employees in their firms, select the annual revenue range mentioned in the options and whether they are optimistic, neutral or pessimistic about their companies growth this year.
The survey questions respondents if they plan to further invest in business this year and mentions the potential issues they face – payment of salaries or rent, reduction in business volume, inventory shortage, supply chain challenges, delay in cash flow, difficulty in financing to even defaults on debts.
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