GEORGE TOWN (Oct 9): The federal government will give special attention to the tourism sector under Budget 2022 to help the sector’s recovery from the Covid-19 pandemic’s impact.
Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the pandemic had extracted a heavy toll on the industry, noting that the sector is the slowest to recover from its adverse impact.
Given that the tourism industry is one of the major contributors to the nation’s gross domestic product (GDP), Budget 2022 will focus on tourism sector players to help in their recovery, he told reporters after an engagement session with the Penang tourism sector players here on Saturday.
Tengku Zafrul said one of the main challenges raised by the tourism industry players was the lack of working capital or cash flow as they had not been allowed to operate for so long.
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Posted by Apple2353 > 2021-09-30 15:59 | Report Abuse
Looking good. go go go