Nazri: More than 33,000 foreigners have made Malaysia their second home


  • Nation
  • Thursday, 13 Jul 2017

Datuk Seri Nazri Aziz.

KUALA LUMPUR: More than 33,000 foreigners from 126 countries have settled in the country under the Malaysia My Second Home (MM2H) programme since 2002, says Datuk Seri Mohamed Nazri Abdul Aziz.

The Tourism and Culture Minister said a total of RM12.8bil was generated in tangible benefits and total receipts for the local economy as of February this year.

He added that the figure did not include any spillover effects.

"The collection from visa fees alone is RM7.5mil annually and fixed deposits stands at RM4.9bill and car purchases of RM148mil," Nazri said in his speech at the official opening of the MM2H National Workshop 2017 here on Thursday.

He also recognised the efforts of the Bank of China, which are partners in the financial aspects of the programme.

Mohamed Nazri added that for the past 10 years, Malaysia has been ranked as the world's sixth best retirement haven and is the only Asian country to make the list compiled by online portal International Living.

"The Japan Longstay Foundation awarded Malaysia as the choice market for the Japanese since 2006," he added.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Nation

Wan Azizah: Coordinate efforts to improve children's well-being
Tabling the budget could double up as confidence vote for Anwar, says Amirudin
King, Queen congratulate Southern Tigers on Malaysia Cup win
Anwar's leadership comes at the right moment, says veteran Thai journalist
Foreigner who hoisted Malaysian flag upside down detained
Doctor, doctor: Identical twins graduate together with medical degrees
Man in his 50s found drowned in Klang
Anwar receives courtesy calls from Warisan, GRS
Kelantan state assembly approves anti-party hopping enactment
GRS' meeting with PM was to express support, says Hajiji

Others Also Read