The Dominica Association of Industry and Commerce (DAIC) is seeking to expand its membership and put its house in order, according to the Association’s new Chief Executive Officer Cyril Volney.
“We have both to consolidate our existing membership, and have a membership drive for new members,” he told Dominica News Online.
The DAIC official said enhancing productivity in the private sector would also be focused on by the newly put in place executive.
He has described Dominican businessmen and businesswomen as survivors who do very well no matter what, while conceding that the global financial situation was impacting on Dominica.
“The business environment worldwide is terrible, and we cannot survive, we won’t survive here unless we adapt to it. The general business environment in Dominica is not of the best, we are generally reflecting the challenges in the world economy,” CEO Volney told DNO.
He said the business community here has “interest rate issues to worry about, we have foreign exchange issues to worry about”.
Volney expressed concern about the situation with the Japanese Yen revaluing itself upwards.
“Business people who have to buy in Japanese and pay in Japanese yen are walking a tightrope … these are all issues that are facing the business community,” he explained.
DAIC’s Cyril Volney was however less comfortable about commenting on local concerns that “Chinese businesses” were springing up “all over Roseau” as some allege and putting some locals out of business.
He suggested that these businesses being criticized were likely owned by people holding economic citizenship and in were in that sense Dominican and entitled to own businesses on the island.
LISTEN TO SOME OF WHAT DAIC’S CYRIL VOLNEY HAD TO SAY IN HIS INTERVIEW WITH DNO: