News about RISM

In Budget 2024, Putrajaya plans to “relax” the current conditions for MM2H applications.

The group said most of its business segments reported improved performance in FY2023 after the resumption of international and domestic travel and further relaxation of the Covid-19 restrictions.

Sarawak tourism, creative industry and performing arts minister Abdul Karim Rahman said this is “probably because our conditions are more attractive [compared to the national MM2H]”.

Tourism, Arts and Culture Minister Datuk Seri Tiong King Sing said it would take one or two months to obtain approval from the various ministries before the latest conditions on MM2H applicants could be finalised.

Each of the three categories, Platinum, Gold, and Silver, will require a different amount of permanent applicants’ savings PETALING JAYA (June 23): In the latest development involving the Malaysia My Second Home (MM2H), the government will “set the requirements” to divide the programme into three categories.

It’s better late than never for us to get back in the game.

Lee and Koh said Malaysia’s travel balance improved to -0.

“The government’s intent to review the requirements as well as facilitate and expedite the processing of MM2H applications via a one-stop centre is definitely a step in the right direction,” said Datuk NK Tong, president of Rehda.

The Tourism, Arts and Culture Ministry (Motac) said the decision to review the strict conditions introduced in 2021 was reached following a meeting between its minister, Datuk Seri Tiong King Sing, and Home Ministry secretary-general Datuk Ruji Ubi.

The groups believe the proposed luxury tax is a "lose-lose proposition" where the country will "lose foreign tourist arrivals and lose Malaysians from buying locally, coupled with the loss of foreign exchange".