Hong Kong – May Tourist Arrivals
01/07/2020 09:31 am MYT
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In May, total tourist arrivals surged 97.3% from Apr to 8,139. But year-on-year, total tourist arrivals plummeted 99.9%, with arrivals from Mainland China and non-Mainland China diving 99.9% and 99.8% respectively – see figure 1. In Jan-May 2020, tourist arrivals plummeted 88.2% to 3.50 mln compared with a year ago.

 

The Covid-19 pandemic has hit tourism in the city hard. With the passing of the National Security Law and the fact that the pandemic has been brought under control in Hong Kong and Mainland China, hopefully the return of stability will bring about a recovery in the tourism industry in the near future.

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Note from Publisher
Malaysia implemented the Recovery Movement Control Order (RMCO) starting 10 Jun. Since then, more and more restrictions have been lifted - even kindergartens have been allowed to reopen. Happily, unlike many other countries, Malaysia has not experienced a resurgence in the number of confirmed cases after relaxing most of the Covid-19 related restrictions. If such a positive development continues and people remain cautious, Malaysia should be free from the SARS-CoV-2 virus by the time the RMCO ends on 31 Aug, and Malaysia’s 63rd Independence Day will be celebrated with a new reason for all Malaysians to be proud of their country.

So far, Capital Dynamics has organised two virtual conferences for subscribers and investors on the Covid-19 pandemic and its impact on the economy and their investments. We also shared with participants on our market and investment outlook. Both conferences were half-day events and were well-attended. Participants found the contents insightful and very beneficial. However, both conferences were conducted in English and Chinese-speaking investors were unable to participate. As a result, we are pleased to announce that Capital Dynamics will organise a similar investment conference in Mandarin on 1 Aug. Keep an eye for the details.
Announcement
Following the Recovery Movement Control Order ("RMCO") announced by the Malaysian Government which takes effect from 10 June 2020 to 31 August 2020, Capital Dynamics Sdn Bhd and Capital Dynamics Asset Management Sdn Bhd, being capital market intermediaries licensed by the Securities Commission of Malaysia, are operating as usual in accordance with the Standard Operating Procedures ("SOP") prescribed by the relevant authorities. During the RMCO, we will continue to take precautionary measures to protect our employees, clients and other stakeholders. Among others, all visitors must continue to wear face masks, having their body temperature recorded, making health declaration and ensure social distancing when you visit any of our Kuala Lumpur offices. To better manage your visits and avoid any inconveniences, you are advised to make an appointment with us before your visit. For our Kuala Lumpur office, you may reach us at +603-2070 2104 or 2105 or 2106 or email us at cdsb@icapital.biz (investment advisory) or enquiries@cdam.biz (fund management).
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