Search
Close this search box.

RM935 Million Allocated for Tourism and Culture in 2027 Budget

Kuala Lumpur:The government has announced an allocation of RM935 million for tourism and culture as part of the 2027 budget, coinciding with the extension of the Visit Malaysia campaign to 2027, Prime Minister Datuk Seri Anwar Ibrahim stated.

According to BERNAMA News Agency, Anwar, who also serves as the Finance Minister, highlighted that the allocation includes incentive grants for industry players to enhance and organize tourism events. The duty-free shopping allowance for visitors and tourists in Langkawi and Labuan will be increased to RM10,000, conditional on a minimum stay of 48 hours. Additionally, more products made in Langkawi will be exempt from import duties to support local entrepreneurs.

Anwar emphasized the improvement of tourism facilities, including the upgrading of jetty infrastructure and potential UNESCO-recognized heritage sites such as Danum Valley in Sabah, Bujang Valley in Kedah, and Taman Negara Pahang. A Cultural Festival will be organized in conjunction with the SEA Games, and support will be provided to cultural and heritage practitioners involved in handicrafts, weaving, and batik.

To enhance access for international tourists, an International and Charter Flight Matching Grant will be introduced, aimed at facilitating new direct flight routes from China, India, Central Asia, and Europe. This grant will also be available for cruise ships, ferries, and tour buses bringing international tourists to Malaysia.

Anwar announced that QR payments will be expanded to 15 locations next year, including resort islands, to alleviate challenges residents and tourists face in accessing ATMs and to aid small traders in avoiding lost sales due to cash shortages. Rebates will be offered to event organizers at venues with capacities of at least 10,000 spectators to establish Malaysia as a leading destination for significant international events. Furthermore, tax incentives for incentive trips, conferences, and international trade exhibitions will be extended until the 2030 year of assessment.

Recent News