NST Leader: Silver lining in the Covid-19 cloud

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NST Leader: Silver lining in the Covid-19 cloud
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NSTleader: Speedy remedial actions, therefore, are essential, hence the stimulus package, which anchors on mitigating the impact of Covid19, spurring rakyat-centric economic growth and promoting investments. EconomicStimulusPackage Coronavirus

While the crisis is still dominating headlines, there is the national economy to worry about in the wake of the Covid-19 outbreak enveloping the globe.

The effects reverberate across the economy as airlines, hotels, tour companies, shops and restaurants reel from customers suddenly disappearing. Speedy remedial actions, therefore, are essential, hence the stimulus package, which anchors on mitigating the impact of Covid-19, spurring rakyat-centric economic growth and promoting investments.For instance, there is the RM1,000 personal tax relief for domestic travel, applicable for hotel accommodations and entry fees for tourist attractions up to Aug 31.

Go for holidays in the country — boosting domestic tourism would provide an immediate and much welcome shot in the arm for businesses. This can help tide them over until Covid-19 runs its course.

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