Budget 2023 provides incentives to boost tourism industry, say Penang hoteliers
07 Oct 2022 09:58pm
MAH Penang Chapter chairman Tony Goh says incentives in the form of discounts, vouchers and rebates announced during Budget 2023 would benefit the local tourism sector. - wikipedia.org
MAH Penang Chapter chairman Tony Goh said that incentives in the form of discounts, vouchers and rebates announced during Budget 2023 would benefit the local tourism sector.
"I believe that the incentives in the form of discounts, vouchers and rebates announced by the government will boost the domestic tourism sector and increase more charted flights, " he told Bernama today.
However, Goh said that the RM10 billion in loan funds that have been announced in Budget 2023 could be better if it's in the form of tax incentives.
"I view that the loan amount made available through Bank Negara would be better if it is turned into a tax incentive as it could create greater benefits to the tourism sector," he said.
Earlier, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz announced when tabling the Supply Bill 2023 that RM10 billion in loan funds will be made available through Bank Negara to encourage SME automation and digitalisation activities as well as support the food security and tourism sector recovery agenda.
Tengku Zafrul also announced that a total of RM200 million is provided for incentives, promotion and marketing to strengthen the recovery of the tourism sector while RM25 million in incentives in the form of discounts, vouchers, rebates are provided to encourage domestic tourism. - BERNAMA
