MP sounds alarm over 90pct drop in MM2H applicants

Kepong MP Lim Lip Eng has sounded the alarm over a 90 percent drop in applicants for the Malaysia My Second Home (MM2H) scheme.

He said this is due to new stringent regulations impacting the scheme which used to draw many foreign retirees, contributing RM58 billion to the local economy over 17 years.

“Industry experts and economists are voicing concerns about...