Banks predict $6bn loss to GDP as govt considers travel ban extension | Sky News Australia

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 78%

Holiday Holiday Headlines News

Holiday Holiday Latest News,Holiday Holiday Headlines

The government is looking to extend a travel ban from China as the CoViD-19 (coronavirus) outbreak spreads.

The government is looking to extend a travel ban from China as the CoViD-19 outbreak spreads. The National Security Committee of Cabinet will decide as early as today whether to extend the 14-day ban as the death toll from the disease now exceeds 1,100.

The business sector is ­warning an extension of the travel ban will compound the damage ­already done to retailers and the tourism industry. Banks are predicting the ban could wipe up to $6 billion dollars off Australia's GDP. Universities say they are also preparing for an extension of the travel ban, shifting their focus to helping almost 100,000 students who are stranded outside the country.

 

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

The situation hasn't got better in China ..so just keep the travel ban until its under control...stop dithering

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:

 /  🏆 7. in HOLİDAY

Holiday Holiday Latest News, Holiday Holiday Headlines

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

McCormack travel expenses under the microscope | Sky News AustraliaThere are further questions surrounding Deputy Prime Minister Michael McCormack’s travel allowances, with concerns being raised internally about a 2018 visit to Queensland to see the State of Origin, Sky News Political Editor Andrew Clennell reports. \n\nAt question is just over $2100 in flights and expenses claimed by Mr McCormack to attend three events in Queensland on July 11, 2018 – one of which was the State of Origin match. \n\nIn a statement to Sky News, a spokesperson for Mr McCormack said, “the deputy prime minister's trip to and from Queensland was in accordance with parliamentary business.'\n\nImage: News Corp Australia
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Govt raises xenophobia concerns amid coronavirus crisis | Sky News AustraliaAustralian health authorities are considering extending a travel ban on Chinese nationals despite global concerns about xenophobia.\n\nThe nation's top doctors insist the extra measures are working but criticised anecdotal evidence of 'racial profiling'.\n\nImage: News Corp Australia\n\n
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Tourism sector urges govt to provide a 'recovery fund' amid coronavirus fallout | Sky News AustraliaAustralian Tourism Industry Council's Simon Westaway says the tourism sector needs a multi-million dollar 'recovery package' amid the coronavirus fallout, similar to what was offered to bushfire victims. \n\nChinese visitors represent a disproportionate number of tourists; of the 9.3 million visitors to Australia in 2019, 1.4 million were from China.\n\nEarlier this month the government barred anyone arriving from China, excluding permanent residents and their direct family from entry to Australia to stop the spread of coronavirus. \n\nMr Westaway told Sky News the tourism sector was 'hit very hard' by the travel ban and would require a recovery package similar to what was offered following the bushfire disaster. \n\nThe government allocated $76 million to help communities and wildlife recover from the bushfire crisis. \n\nImage: Getty\n what a joke We cannot continue to subsidise businesses... Infact the government shouldn't subsidise anything! Wow, every one suffered. Not just one group of people 😳
Source: SkyNewsAust - 🏆 7. / 78 Read more »