RM15.6bil lost with no foreign students due to Covid-19, says academic

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Malaysia had 127,583 international students in 2018, with 70% enrolled in private institutions of higher education. (rawpixel pic)PETALING JAYA: An economist has highlighted how Covid-19 travel restrictions meant the country could have lost out on RM15.6 billion in revenue last year from international students.Academy of Sciences Malaysia fellow Madeline Berma noted that the closing of borders across the world not only prevented international students from returning, it also put a stop to any plans that potential students might have had about furthering their studies in Malaysia.“In Malaysia, the higher education sector is a real income earner,” Derma told an online forum last night.“From the most recent data that I have, in 2018, Malaysia had 127,583 international students, with 70% enrolled in private institutions of higher education.Madeline Berma.“It was estimated that the…