Malaysia's tourism industry decimated by the shutdown

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

VM2020 was slated to attract 30 million visitors this year, but the Covid-19 pandemic has brought the campaign to a screeching halt. FMTNews FMTLifestyle

Malaysia’s tourism industry has received a beating because of the Covid-19 pandemic. Is recovery possible?

However, the Covid-19 pandemic has put a damper on all of this, affecting more than 3.5 million people who work in the tourism industry.The tourism, arts, and culture ministry announced on March 24 that the main tourism industry players were expected to lose RM9 billion from January to March this year.

However, with the pandemic forcing many countries, including Malaysia, to impose entry bans and close their borders, what was once a promising year has now turned into a struggle for many in the tourism industry. A recent job survey of MAH hotel operators revealed “signs of desperation” among employers, Yap said, adding that as at March 20, some 4% of employees had been laid off, 17% put on unpaid leave, and 9% had taken pay cuts.

“This represents a third of what the hotels are not making, hence, the difficult decision to impose pay cuts and unpaid leave in order to retain jobs instead of terminating or laying off employees,” he said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Plus introduces PUTRI, highway industry's first chatbot | New Straits TimesKUALA LUMPUR: PLUS Malaysia Bhd (PLUS) today announced the highway industry’s first-ever chatbot to facilitate customer service and enhance user interaction.
Source: NST_Online - 🏆 17. / 53 Read more »

Ministry working on ways to help Malaysia’s creative industry players hit by Covid-19 | Malay MailKUALA LUMPUR, May 22 — The Communications and Multimedia Ministry (KKMM) has held talks with several parties on how the government could help those in the arts and creative sector who have suffered the impact of the Covid-19 outbreak. Minister Datuk Saifuddin Abdullah in a statement today said...
Source: malaymail - 🏆 1. / 86 Read more »