Stricter rules will ruin MM2H programme, warn consultants

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The government has announced that the Malaysia My Second Home programme will be reactivated in October, with 10 stricter requirements. (File pic)PETALING JAYA: Malaysia My Second Home (MM2H) consultants are hoping the government will have a change of heart and loosen the application criteria, noting that stricter requirements would scare off potential clients amid a global economy reeling from Covid-19.After being frozen last year for “review and further improvements”, the government yesterday announced that the long-standing programme, which has seen tens of thousands of foreign nationals settle in the country, would be back online in October.At a press conference, home ministry secretary-general Wan Ahmad Dahlan Abdul Aziz unveiled 10 stricter criteria which applicants would need to fulfill.Key among them are an increase in their compulsory fixed deposits (FD) in local banks…