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Malaysia: Medical tourism revenue target revised downward

KUALA LUMPUR: The Malaysian Healthcare Travel Council (MHTC) has revised downward the revenue target for medical tourism this year by 75% from its original target amid the fallout from the Covid-19 pandemic. It now expects medical tourism revenue for 2020 to reach RM500mil, with RM2bil in estimated economic impact. Speaking at a press briefing yesterday, […]

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Malaysia: Cut taxes for jobs

PETALING JAYA: It appears that Corporate Malaysia needs more tax incentives to accelerate private investment growth that has been trending down in recent years. In 2019, private sector investments grew at the slowest pace since the global financial crisis, while the latest figures from the Statistics Department showed that net investments in fixed assets in […]

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Malaysia: Banks will not extend moratorium

  PETALING JAYA: Borrowers will need to start repaying their loans from October onwards as the banks will not extend the automatic loan moratorium, banking sources said. However, an industry source said while the blanket moratorium would end, banks are open to assist borrowers to restructure and reschedule their loans in a more targeted manner. […]

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