Tourism fallout from virus outbreak should prompt rethink of strategies

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NSTletters 'Government is right in wanting to introduce an economic stimulus package to cope with the anticipated slowdown of the economy due to external factors.'

To offset fewer tourist arrivals from China, the government could provide more visa on-arrival incentives to more countries in South Asia, Africa, Europe, the Middle East and South America. This can be done as it is only for one year. - NSTP file picThe government is right in wanting to introduce an economic stimulus package to cope with the anticipated slowdown of the economy due to external factors.

Stop the large-scale recruitment of foreign workers. Set up an SME fund to help these industries. Promote joint venture projects, especially between Chinese entrepreneurs and Malaysians. Increase oil palm replanting through felling of older trees, thereby creating a decreased supply for a short period because a breakthrough is expected in China-United States trade talks, and China will buy more soya and corn oil from the US, which means reduced demand for palm oil from Malaysia.

 

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