PETALING JAYA: The stricter Malaysia My Second Home (MM2H) requirements may not necessarily attract "better quality" participants but could instead result in the country losing competitiveness, says MCA. MCA spokesman Mike Chong said that the new requirements could result in people opting for other countries such as Singapore, Thailand, the United Kingdom, Japan, Australia and Canada. Chong said they agreed that there was a need to review the MM2H requirements, but said this could result in current participants leaving the country as well. The MM2H programme started in 2002 and currently there are 57,478 holders of MM2H passes, including dependents. According to reports, MM2H participants have invested RM12bil in the country.

Source: The Star October 01, 2021 06:45 UTC