The Malta Chamber welcomes the extension of the existing wage supplement scheme for employees employed in businesses experiencing difficulties due to the Covid- 19 pandemic. The Chamber notes that the current scheme implemented in January of this year, which is based on loss of turnover, has now been extended until June and the Government also announced that the scheme will be extended further for the hardest-hit companies until the end of year.
Since its launch early last year, the scheme has safeguarded thousands of jobs and kept a number of businesses afloat, while working hard to recover lost business.
It is clear that this direct assistance is crucial at a time when a number of business operators are trying to survive the current impact. Furthermore, the Chamber also calls for an immediate focus on what Minister Dalli referred to as the “New Economy Initiatives”, which will be launched during the next weeks. The Chamber has held several discussions with Government and has recommended several measures linked to business re-engineering and incentivising and revitalising investment among other things.
The Chamber is therefore eager to understand what these initiatives will be focusing on and offers its assistance to Government to ensure that the business community remains competitive and resilient in the coming months and years.