Insight - Effective measures needed to help event industry

TheStar Fri, Nov 20, 2020 08:50am - 3 years View Original


Taking a hit: File picture shows an education fair at KL Convention Centre. As of August 2020, over 1,250 business events in Malaysia have either been postponed or cancelled, resulting in an unprecedented economic loss of over RM1.75bil.

IT’S a less talked about business sector as Malaysia grapples with the effects of the Covid-19 pandemic, but it has crippled the convention and exhibition industry.

An estimated RM2.25bil has been wiped out since the closure of the international border.

At least 6,000 Malaysians and expatriates have already lost their jobs as the uncertainties continue. This figure excludes the part time workers and those in related businesses.

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