Govt. readies stimulus packages for local SMEs


Minister of Economic Development Fayyaz Ismail says that the government is preparing to provide a stimulus package to local small to medium tier businesses in the future.

The development comes at a time when several SME businesses including cafes, restaurants, salons and gyms remain closed due to Covid-19 resurgence in high positive numbers across Greater Male’ Region.

The minister’s comments had also coincided with parliament’s decision of rejecting compensation for local cafe and restaurant ventures.

Moreover, the minister claims the new stimulus package will be aimed towards cafes, restaurants, gyms and salons among other SME businesses.