Policy flip-flops destroying investor confidence

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From Disappointed ExpatriateIt is a mystery to no one that most expatriates and foreign investors in Malaysia are either packing up and leaving, or have already gone.For almost two years now, expat businesspeople, multinational company executives and, more recently, Malaysia My Second Home (MM2H) visa holders have been facing more obstacles and barriers when renewing visas, setting up business or dealing with banks. Programmes specifically set up to attract them are slowly being handicapped (such as MDEC and Mida-expedited immigration channels) or outright gutted (such as the returning expert programme from Talentcorp).Expats and foreign companies do not mind a little bureaucracy, but they do mind what is slowly becoming evident – a systematic moving of goalposts that takes more and more from them and gives less and less in return.The subject was first manifested in a stage of …