Business

M’sia-Indonesia travel bubble lets region capitalise on RCEP initiatives

Reciprocal Green Lane between neighbours set to encourage collaborations in Asian business events industry

Updated 5 years ago · Published on 09 Feb 2021 1:30PM

M’sia-Indonesia travel bubble lets region capitalise on RCEP initiatives
The business events industry in Malaysia is set to see a revival due to the Malaysia-Indonesia Reciprocal Green Lane travel bubble. – The Iceberg pic, February 9, 2021

KUALA LUMPUR – The Malaysia-Indonesia Reciprocal Green Lane (RGL) travel bubble will encourage collaborations between Asian Federation of Exhibition and Convention Associations (Afeca) countries in order to capitalise on the Regional Comprehensive Economic Partnership (RCEP) initiatives.

Afeca president Datuk Vincent Lim said the move also signals abundant possibilities for the business events (BE) trade and business activities ahead.

“This initiative is timely as BE industry sectors prepare for the recovery plan led by the Tourism and Culture Ministry,” he said in a statement.

Lim noted that BE is an important economic sector under purview of the ministry, and Afeca looks forward to a positive outcome for the revival of BE as it welcomes business travellers to Malaysia, albeit subject to strict health protocols and standard operating procedures to be formulated by relevant authorities.

He added that at this juncture a step-by-step approach is vital, and it begins by receiving business travellers first, who will be monitored and supported by relevant bodies.

All BE industry stakeholders are more than willing to share feedback and fully comply with the Malaysian government’s directives, as the safety and well-being of all comes first.

In 2019, a total of 1,025 BE were organised and attracted over 540,000 international business travellers to Malaysia for the purpose of attending meetings, conventions and exhibitions.

The BE (or meetings, incentives, conventions and exhibitions, better known as MICE) sector plays a huge role in regenerating entire economies.

“With these plans and commitment from the government, we are looking forward to the recovery and rebuilding of the BE industry in the country very soon,” Lim added.

Afeca is the only international umbrella association in Asia and serves 37 national MICE associations, including Malaysia. – Bernama, February 9, 2021

Related News

Business / 3y

‘Business events to generate RM1 bil for Penang in 2023’

Business / 4y

Penang expects boost in business events industry after joint venture

Malaysia / 4y

Keeping MICE sector closed will lead to RM27.5 bil in GDP losses: council

Events / 5y

Astro’s ‘Time to Evolve’ campaign seeks to support struggling SMEs

Malaysia / 5y

Embattled Penang business events sector set for revival efforts

Malaysia / 5y

Putrajaya hopes S’pore allows M’sians to self-quarantine under PCA

Spotlight

Malaysia

Desa ParkCity deaths: Netizens voice concern, call for increased enforcement, crackdowns on scammers

Malaysia

Seven Yemenis arrested over dangerous stunt on KL road

Malaysia

UMNO gives state leaders mandate to negotiate electoral pacts

Malaysia

Sultan Selangor warns against greed, abuse of trust

By Alfian Z.M. Tahir

Malaysia

Form Six students to get allowance from 2027

Malaysia

Desa ParkCity deaths: Wife believed to be victim of love scam, say cops

Malaysia

Saravanan's letter will be referred to MACC, relevant authorities - PM Anwar

Malaysia

Thirteen arrested after teen girl dies in suspected gang-related road attack in Kulai

You may be interested

Business

Robo.ai swings to positive equity after US$46.7m first-half profit

By Alfian Z.M. Tahir

Business

ASM 2 Wawasan declares seven-year high payout of 5 sen a unit

Business

Malaysia’s international reserves stand at US$132.07b in July

Business

Questions over traceability of nearly 77,000 tonnes of K8 cargo at Tanjung Langsat

Business

Oil prices fall as Hormuz reopening hopes offset Iran tensions

Business

Property developer, Matrix Concepts sets RM1.8b FY2027 sales target

Business

Petronas revenue jumps 15% to RM152.4b as energy investments lift first-half earnings