AFTER 47 days of the movement control order , most businesses have been allowed to resume operations on May 4.
The negative effects on credit markets, supply chains, and worker productivity will only dissipate gradually. It is also important to ensure the burden of Covid-19 prevention is not placed solely on SMEs, which are already struggling to stay in business. While clear before, the current crisis has further increased the benefits SMEs could derive from using new technologies, for instance through remote work and online business platforms.
Once businesses can safely operate, efforts should focus on boosting demand and reactivating supply chains. To that end, e-procurement could also be encouraged to further level the playing field for SMEs competing for tenders with larger companies. It is critical to avoid removing support measures too soon, and some key measures may have to continue to operate even as firms restart their operations.
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