Boost for Tourism Sector, Hiring in Palm Oil Industry

Malaysia’s border reopening will have immediate consequences for two major industries in the country, namely, tourism and palm oil production. Travel restrictions due to Covid-19 resulted in the severe decline of tourism businesses and loss of jobs while the Ukraine-Russia crisis and Indonesia’s ban on export of crude palm oil and cooking oil has led to spiraling commodity prices. The relaxation of Malaysia’s entry requirements should boost foreign tourist footfall and ease hiring migrant workers in the agriculture sector.