Extend loan moratorium to tourism industry, urges Matta

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The association says the industry will take longer to recover from the Covid-19 crisis than other sectors. FMTNews Tourism

The Malaysian Association of Tour and Travel Agents says many tourism players have been deprived of income since March.

It said the tourism industry was a significant job provider and important economic contributor to the country, and would take longer to recover from the Covid-19 crisis than other sectors. “Many tourism players have been deprived of income since March. Against a backdrop of recession and unemployment, being wholly dependent on domestic tourism will not be sufficient to sustain related businesses and individuals working in this industry,” said MATTA president Tan Kok Liang.

Tan said individual borrowers working in the hospitality and tourism industry should also be given a six-month moratorium extension as many had taken pay cuts, unpaid leave or had been retrenched.

 

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