‘Spend locally to hasten economic recovery’

JOHOR BARU: Malaysia’s economic recovery could be accelerated if locals spent more money locally instead of travelling abroad for holidays, said Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin.

He said local tourism also generated financial flow faster and had a direct impact on every downstream sector.

Mohd Uzir also noted the value of domestic tourism amounted to RM93bil in 2019 with more than three million tourism industry workers employed before the pandemic.

Meanwhile, he said Malaysians used to spent RM40bil to RM50bil outside the country before Covid-19.

“This is a huge amount of money that we could use to help our local businesses.

“For example, if the Top 20% (T20) income group spends their money in the local grocery store or tourism industry, they could help in creating job opportunities in those sectors as it creates demand for those services,” he said when contacted by The Star yesterday.

Mohd Uzir also pointed out there were more than 196 tourism industries in the country which generated between RM80bil and RM90bil in inbound tourism receipts before the pandemic.

“Malaysia used to attract about 29 million tourists every year (before Covid-19). Every other country outside is currently busy promoting their tourism products as it is the fastest way to generate income.

“Even the National Recovery Council (NRC) is proposing that the government opens our international borders for foreign visitors next year,” he said.

He added the current issue now is the labour shortage in hotels due to the influx of tourism activities.

Mohd Uzir said many who used to work in hotels had ventured into other sectors and it might take a while for those positions to be taken up again.

Meanwhile he said Malaysians needed to play their role by following standard operating procedures imposed by the government to ensure the number of infections remain low.

“We have to play our role as responsible citizens if we want our economy to recover and to generate job opportunities,” he added.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

economic , recovery , Mohd Uzir Mahidin , local , travel , holiday


Next In Nation

Covid-19: Nation's Rt now at 1.15 with Negri Sembilan and Kedah recording the highest infectivity rates
PM reminds commercial sector not to raise prices despite higher electricity bills
Decision to maintain electricity tariff brings relief to domestic consumers
Act 265 does not apply to public servants, says HR Ministry
Sabah considers offering water and electricity to squatters via prepaid method to dissuade theft
Six South Korean women nabbed in karaoke centre raid
Tourism Ministry releases new SOP for umrah travel
Field hospital built for possible Covid-19 case increase, says Uggah
Police verifying if notorious Abu Sayaf gunman Mundi Sawaadjan is alive
Warning of thunderstorms, heavy rain, strong winds in eight states issued by MetMalaysia

Others Also Read