Covid-19 strikes Malaysia’s Tourism industry, suffers RM3bil in loss

Last updated on May 6th, 2021 at 07:57 am

KOTA KINABALU – The Coronavirus or the official name for the illness ‘Covid-19’ Strikes has dried up tourism in Malaysia and suffered an estimated RM3bil in losses.

Tourism, Arts and Culture Ministry secretary-general Datuk Noor Zari Hamat said that with the recent cancellations of flight, Industries such as hoteliers, travel agents and food and beverage businesses were severely impacted.

We’re talking about everyone from high-end resorts, all the way to the cottage industry have been affected since January.”

A total of 312 representatives from tourism-related businesses attended the Tourism Recovery Action Committee (TRAC) town hall roadshow is Sabah to raised their concerns during the meeting.

Zari said that he will be meeting with the Finance Ministry to discuss such as relaxing the terms of payments for hotels with current bank loans. On Tuesday,  Prime Minister Mahathir Mohamad chaired a meeting to draw up a stimulus package for aviation, retailing and tourism that has been disrupted by the recent outbreak.

Latest News From Malaysia

Desk Writer

Spends most of the time reading news all around the world. Strong knowledge and understanding of the current situation and happenings in the ASEAN region.

Recent Posts

Vietnam International Defense Expo 2024

The 2024 Vietnam International Defense Expo was inaugurated by the Prime Minister Pham Minh Chinh on December 19, 2024 and…

December 22, 2024

Shooting concludes: Stranger Things 5 to release on Netflix in 2025

Created by the Duffer Brothers, Stranger Things is one of the most popular sci-fi horror series globally. It is set…

December 21, 2024

China’s Hypersonic Expansion in Asia Raises Alarms for India

According to the US Department of Defense, China has now produced the most sophisticated supply of hypersonic weapons in the…

December 21, 2024

Melaka International Halal Festival 2024

The Melaka International Halal Festival 2024 aims to turn the city as the prime center of the Halal products and…

December 21, 2024

Chunichi Dragons Renews the Contract of Hiroto Takahashi with Annual Salary of 120 million yen

On Saturday, the stalwart of Chunichi Dragons Pitcher, Hiroto Takahashi attended the negotiation for his contract renewal for the next…

December 21, 2024

Biden-Harris administration cancels another $4.28 billion in US student loans

US President Joe Biden has cancelled another $4.28 billion in student loans for nearly 55,000 people across the country, the…

December 20, 2024

This website uses cookies.

Read More