Muhyiddin: Tourism industry hit hardest by Covid-19, faces RM3.37b loss | Malay Mail

Muhyiddin: Tourism industry hit hard by Covid-19 to lose RM3.37b, while GDP set to fall by up to 1.2 points

Friday, 13 Mar 2020 09:46 PM MYTPrime Minister Tan Sri Muhyiddin Yassin during the announcement of the new Cabinet ministers at Perdana Putra in Putrajaya, March 9, 2020. — Picture by Shafwan Zaidon

As a result, Muhyiddin said Malaysia’s gross domestic product growth for the year is expected to shrink as much as 0.8 to 1.2 points, with a total potential loss of up to RM17.3 billion. “Tour packages are cancelled and this affects those who work with airlines and hotels. The estimated total loss in the tourism sector from January to February 2020 was RM3.37 billion. The government estimates Malaysia’s GDP decreased by 0.8 per cent to 1.2 per cent, a decrease of RM10.8 billion to RM17.3 billion,’’ he said in a special address.

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:

malaymail /  🏆 1. in MY

Malaysia Latest News, Malaysia Headlines

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

Covid-19: Sg Buloh Hospital to redirect non-Covid 19 patients to other facilitiesCORONAVIRUS | It is being prepped as an infectious disease facility to focus on Covid-19 patients.
Read more »

Elak pergi 19 tempat di Lembah Klang ada kes positif Covid-19Kes positif Covid-19 di Malaysia sudah meningkat kepada 149 kes dan cuba elak berkunjung ke 19 tempat di sekitar Lembah Klang. FMTNews FMTOhsem Covid19 Koronavirus
Read more »

Muhyiddin to address nation on Covid-19KUALA LUMPUR: Prime Minister Tan Sri Muhyiddin Yassin is expected to deliver a special address on Covid-19 tonight.
Read more »

Muhyiddin umum hospital tambahan untuk tangani Covid-19Putrajaya mengenal pasti sebuah hospital di setiap negeri sebagai hospital khusus untuk merawat kes Covid-19. FMTNews MuhyiddinYassin Covid19
Read more »

Muhyiddin announces major mobilisation of health facilities nationwide to fight Covid-19The prime minister says the capabilities of 22 laboratories under the health, defence and agriculture and agro-based ministries have been increased. FMTNews MuhyiddinYassin
Read more »

A plea to PM Muhyiddin Yassin on tackling Covid-19Form a national inter-sectoral Covid-19 task force now. FMTNews Covid19
Read more »