Domestic tourism count halved in 2020, Selangor, KL had highest receipts — DOSM
KUALA LUMPUR (Sept 30): Domestic tourism in Malaysia declined significantly with visitor arrivals and total expenditure falling 44.
Report: 1,822 MM2H participants left the country for good between 2015 and 2019
KUALA LUMPUR (Sept 29): Up to 1,822 Malaysia My Second Home (MM2H) participants left the country for good between 2015 and 2019, Malaysiakini reported findings in the Auditor-General's Report 2019 Series 2.
MM2H: Coordination among agencies has to be enhanced, absence of letter of good conduct revealed - Auditor-General's Report
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.
Government to implement ceiling price for affordable housing in secondary market
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.
MRCB gets RM2.3m final award on costs in LRT3 project funding dispute with George Kent
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.
12MP targets annual GDP growth of 4.5%-5.5%; GNI of RM57,882 by end-2025
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.
MM2H: Revamped requirements only for new applicants, but industry dialogue needed to solve core problem
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.
BNM launches Malaysia Overnight Rate as new alternative reference rate in M'sia
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.
MM2H: How serious are we?
The furore over new and stiffer conditions attached to the Malaysia My Second Home (MM2H) programme is unfortunate, if not unnecessary.
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MM2H: Time is running out
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.
