Survey launched to gauge COVID-19 impact on business owners in Bahrain

      Published on Tuesday, 1 June , 2021      568      
Survey launched to gauge COVID-19 impact on business owners in Bahrain

  • Bahrain News

A new survey that asks key questions to business owners regarding the economic impact of Covid-19 has been launched by Bahrain’s premier business association.

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.

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.”

Businessowners have to answer 28 questions listed in English and Arabic as part of the survey, entitled ‘Private Sector Business Performance and Future Expectations’.

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.

Category Bahrain News, Coronavirus, Government | 2021/06/01 latest update at 4:00 PM
Source : Zawya | Photocredit : Google
Comments Add comment

Gulf Media

Related Articles

The editorial staff of Bahrain Today would like to give all of its readers from Gulf and Bahrain and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Bahrain Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Bahrain, the Gulf and the world.