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The World Tourism Organization (UNWTO) has released a set of recommendations calling for urgent and strong support to help the global tourism sector not only recover from the unprecedented challenge of COVID-19 but to ‘grow back better’. The Recommendations are the first output of the Global Tourism Crisis Committee, established by UNWTO with high-level representatives from across the tourism sector and from within the wider United Nations system.
Bank officials at the Industrial and Commercial Bank of China Limited (ICBC) expects asset quality to worsen in 2020, as the Wuhan coronavirus (COVID-19) outbreak strains the local Chinese economy, thus impacting Chinese borrowers.
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, has announced the provision of approximately $2 billion in grant assistance for tourism and small businesses impacted by the Coronavirus (COVID-19) outbreak in Jamaica.
The Tourism, Arts and Culture Ministry (Motac) will introduce a new campaign to replace the Visit Malaysia 2020 (VM2020) campaign which was cancelled following the Covid-19 outbreak.
In connection with the Movement Control Act to prevent the spread of the COVID-19 outbreak, the Ministry of Tourism, Arts and Culture (MOTAC) has adopted the following resolutions...
"The Council of Ministers has approved further measures to assist tourism and culture, sectors severely affected by the spread of the Coronavirus and the measures taken to contain the contagion". Thus the Minister for Cultural Heritage and Activities and Tourism, Dario Franceschini, at the end of the Council of Ministers passed a decree law to support, among others, workers and businesses in the tourism and cultural sector.