Malaysia’s Halal Deal with Japan to be Impacted by the Postponement of the 2020 Olympic Games

The postponement of the Tokyo 2020 Olympic Games is set to impact Malaysia, with a delay of up to MYR 866 million in revenue. Malaysia is the only country to have penned a deal with Japan to provide Halal goods and services for the Tokyo 2020 Olympic Games (Games) via government-linked Halal Development Corporation (HDC).

The Games, which were originally scheduled to commence on the 24th of July 2020 and go on for just over two weeks, has now been postponed to 2021. Japan had been aiming to attract up to 40 million visitors to the Games this year, out of which 8 million were expected to be Muslims.

HDC now has to readjust its strategies despite its significant investments made towar...