Thursday, March 28, 2024 | Ramadan 17, 1445 H
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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

OCCI calls for economic sops, labour reforms

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Muscat: Oman Chamber of Commerce and Industry (OCCI) continues to conduct meetings with business owners to discuss the impact of COVID-19 in various sectors.


The chamber is expected to submit a recovery report to the Supreme Committee on COVID-19.


The Economic Affairs, Research, and Studies Committee of the chamber has suggested that no new taxes or fees should be


imposed on the private sector in light of the current circumstances.


It added that the government should focus on evolving mechanisms to improve the tax collection from private sector establishments with the help of the chamber.


Apart from calling for coordination with the Central Bank of Oman (CBO) to address the problem of liquidity shortage and its impact on various economic activities, the meeting also discussed challenges in the labour market and recommended a balance on the size of expatriate workers and the Omanisation policy.


Earlier, Small and Medium Enterprises Committee said that economic incentives hold key to meet the challenges faced by landlords and tenants and all commercial activities in the wake of the COVID-19 pandemic situation.


The meeting reviewed the challenges facing business owners and ways to support them by reducing their burden in terms of rents.


It touched upon the need to distinguish the issues faced by the landlords from the difficulties faced between tenants, in addition to the incentives provided to both groups.


The various types of landlords include individuals, institutions, commercial centers and malls, government, or endowments, as well as those in residential, commercial, industrial, tourism, agricultural, and other sectors that the impacted by the precautionary measures of the Supreme Committee.


Meanwhile, the Majlis A Shura members called for an amendment to the Labor Law to plug in loopholes that led to problems in the labour market, including the layoffs.





 


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