PETALING JAYA: The government is prepared to re-examine the new criteria imposed on the Malaysia My Second Home (MM2H) programme, says Home Minister Datuk Seri Hamzah Zainudin (pic). However, he did not elaborate or indicate when ministry officials would meet to review the conditions. The Johor Ruler said the new requirements would dampen foreigners’ interest while forcing existing MM2H pass holders to leave the country. “The MM2H programme impacts several sectors of the economy such as property developers, banks, retailers, tourism and education. Between 2002 and 2019, the MM2H programme generated a cumulative income of RM11.89bil through fees and visa charges, purchase of properties and vehicles, fixed deposits and monthly household expenditures.


Source:   The Star
August 31, 2021 23:37 UTC