News about Malaysia

KUALA LUMPUR (Sept 29): Coordination between the Tourism, Arts and Culture Ministry (MOTAC) and the relevant ministries and agencies have to be enhanced in overseeing the Malaysia My Second Home (MM2H) programme, stated the Auditor-General's Report 2019 Series 2 This can be done by setting up an integrated system to boost the “effectiveness of the implementation, monitoring and evaluation” of MM2H, suggested the report, according to a coverage by the Malaysiakini news portal.

PETALING JAYA (Sept 28): Under the 12th Malaysian Plan (12MP), ceiling prices for affordable housing will be introduced in the resale market in order to control house prices, especially in the urban areas, MalaysiaKini reported today.

KUALA LUMPUR (Sept 27): Malaysian Resources Corp Bhd (MRCB) has on Friday received the final award on costs from the Asian International Arbitration Centre (AIAC), which mediated in the MRCB-George Kent (M) Bhd (MRCBGK) dispute involving both companies' shareholders’ agreement dated June 8, 2015.

KUALA LUMPUR (Sept 27): The 12th Malaysia Plan (12MP), a roadmap for the country’s development from 2021 to 2025, has set a target annual gross domestic product (GDP) growth of between 4.

PETALING JAYA (Sept 25): The latest announcement on Malaysia My Second Home (MM2H) has given an assurance to existing MM2H visa holders that the new rules will not affect their status, but industry stakeholders requested for more clarity and a review of the stringent rules.

KUALA LUMPUR (Sept 24): Bank Negara Malaysia (BNM) has launched the Malaysia Overnight Rate (MYOR) as the new alternative reference rate (ARR) for Malaysia, as part of a transition to transaction-based rates.

The furore over new and stiffer conditions attached to the Malaysia My Second Home (MM2H) programme is unfortunate, if not unnecessary.

Citing an internal survey, Malaysia My Second Home (MM2H) Consultant Association president Anthony Liew said 90% of the existing MM2H visa holders would not renew their visas if the new terms were applied to them.

He has been in Malaysia for the past seven years, but the chairman of “Hongkongers in Malaysia” Facebook group Gary Crestejo only applied for the Malaysia My Second Home (MM2H) visa two years ago.

Pleasant weather, harmonious communities, multi-cultural and multi-lingual, affordable cost of living, earthquake- and hurricane-free and the list goes on – these are some of the unique selling points that best explain why Malaysia always makes it to the list of the world’s top retirement destinations.