{"id":7961,"date":"2020-03-30T21:08:16","date_gmt":"2020-03-30T13:08:16","guid":{"rendered":"https:\/\/hapa.asia\/?p=7961"},"modified":"2020-03-30T21:08:20","modified_gmt":"2020-03-30T13:08:20","slug":"hospitality-fb-players-seek-government-intervention-on-covid-19-hit","status":"publish","type":"post","link":"https:\/\/hapa.asia\/index.php\/2020\/03\/30\/hospitality-fb-players-seek-government-intervention-on-covid-19-hit\/","title":{"rendered":"Hospitality, F&B players seek government intervention on Covid-19 hit"},"content":{"rendered":"\n
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REUTERSPIX <\/figcaption><\/figure><\/div>\n\n\n\n

PETALING JAYA<\/strong>: Food & beverage, hospitality and tourism industry players are pleading for the government to take immediate action to save business from shutting down and more workers from getting laid off amid the Covid-19 pandemic, according to HAPA Group Sdn Bhd.<\/p>\n\n\n\n

In a statement, it highlighted that the sector faces the most dire consequences, with a projected decline in revenue of 83%, with no end in sight for the outbreak-driven downturn.<\/p>\n\n\n\n

\u201cDespite the drop in revenue, obligations remain, including payments to landlords, utility companies, banks, the taxman, suppliers and not forgetting wages.<\/p>\n\n\n\n

\u201cF&B, hospitality, tourism establishments and their workers simply will not be able to survive this disaster without the appropriate help and support from the authorities and the government,\u201d it said.<\/p>\n\n\n\n

To keep businesses afloat and avert job losses in the sector, industry players are calling for the authorities to waive all accrued interest and penalty charges applicable during the 6-month loan moratorium period.<\/p>\n\n\n\n

In addition, they outlined the need for interest-free or soft loans as a means for crisis mitigation to assist businesses with their cash flow and to enable them to survive over the next six months.<\/p>\n\n\n\n

The wish list also includes provision for employers to allow unpaid leave and reduction in salaries during the movement control order period as well as a subsidy to cover 80% of employees salary for those earning below RM4,000 per month.<\/p>\n\n\n\n

It also called for a six month suspension of EPF, Socso and HRDF contributions from employers and for the authorities to provide grants to subsidise the cost of wages for six month.<\/p>\n\n\n\n

In regards to taxation, the industry players have called for a deferment of monthly income tax and corporate tax payments for six months along with a 6-month installment payment scheme for those taxes.<\/p>\n\n\n\n

They also asked for a waiver of the sales and service tax for six months for the industry, and thereafter an introduction of a softer version of SST for all.<\/p>\n\n\n\n

Credit :<\/p>\n\n\n\n

https:\/\/www.thesundaily.my\/business\/hospitality-fb-players-seek-government-intervention-on-covid-19-hit-GK2185976<\/a><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

PETALING JAYA: Food & beverage, hospitality and tourism industry players are pleading for the government to take immediate action to save business from shutting down and more workers from getting…<\/div>\n
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