MM2H, however, was suspended in March last year following the outbreak of the Covid-19 pandemic. However, MM2H was recently shoved into the limelight following the diplomatic “divorce” between North Korea and Malaysia where Pyongyang had accused Malaysia of extraditing a North Korean national, reportedly a participant of MM2H, to the United States. Although this temporary suspension means massive revenue loss for Malaysia, the programme needs to be reinvigorated so that it could further contribute towards the national economy. MM2H’s target market is one vital point that needs to be studied seriously to avoid the occurrences of unwanted, undiplomatic incidents such as the recent KL-Pyongyang row. It was reported that MM2H had brought RM40.6bil into Malaysia, with more than RM600mil coming in just from MM2H property purchases in 2018.

Source: The Star March 23, 2021 06:26 UTC