PETALING JAYA: Reeling from the effects of the novel coronavirus outbreak, tourism industry players have asked the government for help in the form of cost reductions, incentives and funds. “We have also requested either Bank Negara or the Finance Ministry help reduce or defer our monthly loan payments. “By suspending debt collection, it can help operators manage their cash flow and retain their infrastructure, ” said Wong. Finance Minister Lim Guan Eng yesterday met tourism industry stakeholders to discuss the impact of the outbreak and get input on the government’s proposed economic stimulus package. Wong said it was pivotal for industry players to retain their infrastructure, manpower and cash flow as it would help the sector once business picks up after the situation returns to normal.

Source: The Star February 10, 2020 23:37 UTC