Private sector raises key concerns at first Joint Economic Forum meeting |25 June 2025
The meeting in progress (Photo: State House)
Private sector raises key concerns at first Joint Economic Forum meeting
Land scarcity, strict banking regulations, and the move away from cheques were the top concerns raised by the private sector during the first Joint Economic Forum (JEF) meeting held yesterday at State House.
The private sector highlighted the urgent need for land to grow their businesses, saying this remains the most pressing challenge.
Principal secretary in the Ministry of Investment, Entrepreneurship and Industry, Michael Nalletamby, explained that the government used the opportunity to share what actions are being taken to remedy this. Efforts include the major East Coast reclamation project, which will create between 320 and 330 average-sized plots (800 square metres) of industrial land on two separate reclamations.
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