Local banks reluctance to provide financial help has resulted Malaysia not able to provide river cruises, which are big money-spinners overseas. “This river-cruise sector is one area where we need to catch up with the rest of the world,” said Tourism Minister Datuk Seri Dr Ng Yen Yen, who is on a 10-day promotional visit to Australia and New Zealand.
In New Zealand, river cruise along the majestic fjords in Milford sound has attracted up to 500,000 foreign tourists yearly.
Dr Ng was saying that Malaysia also have some scenic and beautiful coastal and river-based attractions, such as the Langkawi geopark, the islands off the east and west coasts, Kuching City and the interior settlements of Sarawak and Sabah.
She informed that banks in Malaysia are reluctant to give loans to those who want to go big in the river cruises because banks see the sector as one that gives slow financial returns.
She said the river-cruise sector in Malaysia has not achieved its full potential and the ministry will come up with workable plans on what Malaysia can do to progress in this sector.