Daim Zainuddin says there is a need for all resources employed at the right places to overcome problems.
He had been asked for his views on solutions to save the tourism industry, which has been brought low by restrictions on domestic and foreign travel and other measures to contain Covid-19 infections. In a crisis, Daim said, there was a need for all resources to be employed at the right places to overcome the problem.
“As such, waivers, discounts, deferment and possible extensions of time must be significant and generous to have an impact and instil investor confidence. The current initiatives are clearly insufficient as can be seen by the continued cries of desperation from industry players.” “This situation is likely to persist for some time. As such, domestic tourism must be prioritised to drive the recovery. Once virus containment measures and domestic travel restrictions are lifted, policies and stimulus measures must be put in place.