New rules will drive out billions

I WOULD like to express my concerns regarding the plan to impose new rules for the Malaysia My Second Home (MM2H) programme on existing visa holders (“Conditional MM2H returns”, The Star, Aug 12; online at bit.ly/star_ 2ndhome).

My companies have been actively promoting the MM2H programme in Malaysia for many years. We love living in Malaysia and have enjoyed encouraging people to visit, invest and retire here. However, we were all very saddened to read about the new MM2H programme, which our research shows will, unfortunately, have very few applicants.