/ Posted on 12 March, 2021 15:09
Malaysia Tourism Council (MTC) is lobbying for the setting up of a dedicated tourism bank in Malaysia to encourage local and foreign investments in the tourism industry as well as to provide financial assistance to tourism players to help them sustain operations and compete regionally and internationally.
MTC president, Uzaidi Udanis, said the idea was first mooted at the Malaysia Tourism Gold Summit 2020 held virtually in November 2020. He said such a bank was needed to address the current weaknesses in the banking system where it was difficult to get loans for moveable assets and recreational equipment as well as loans for the purchase of tour vehicles.