Singapore to pump RM1.06bil into tourism as part of broader economic plan

International visitor arrivals are expected to reach between 15 million and 16 million visitors in 2024. - ST PHOTO: KUA CHEE SIONG

SINGAPORE (The Straits Times/ANN): Singapore’s tourism industry will receive a S$300 million(RM1.06 billion) boost as part of a plan to grow the local economy and reinforce its global business-hub status.

The injection into the country’s Tourism Development Fund, announced by Minister of State for Trade and Industry Alvin Tan in Parliament on March 1, will help to develop and market new products and experiences and support local businesses in developing new intellectual properties.