Statistics Dept: Govt should realign focus to stimulate domestic investments | Malay Mail

Friday, 26 Jun 2020 04:47 PM MYT

Chief statistician Datuk Seri Mohd Uzir Mahidin said additionally, emphasis should be given to restore tourism-related industries — encompassing accommodation and food and beverages — by boosting investments in these areas. While international tourism activities might not resume anytime soon, a lot of innovative measures can be implemented to revive the domestic tourism sector and restore it to its former glory, he said.

He said the sector is strongly dependent on the demand from the rest of the world, as almost 69 per cent of the nation’s manufacturing output is for the export market. According to the report, the manufacturing sector’s output in April 2020 contracted by 37.2 per cent year-on-year .Overall, Malaysia’s trade fell by 16.4 per cent y-o-y to RM133.3 billion.

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