Malaysia My Second Home - MM2H NEWS RELEASE
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# 15 Jun 2012 - More Japanese Opt to live in Malaysia
# 17 Dec 2011 - More then 17,000+ Foreigners Obtain MM2H Visa
# 01 Mar 2011 - Legoland Malaysia set to open in 2012
# 21 Jan 2011 - Pinewood Iskandar Malaysia Studios appoints new CEO
# 11 Dec 2010 - Malaysia is top spot for Japanese
# 30 Jul 2010 - More S. Koreans to visit Msia with AirAsia X daily flights
# 13 May 2010 -
Malaysia, Singapore To Reactivate Business Council
# 12 May 2010 - Plenitude to expand its presence in Penang
# 10 Mar 2010 - TH Properties, Naza Group in RM100m project
# 15 Apr 2009 - Kota Iskandar - Johor New Admin State Capital Launch
# 30 Apr 2009 - PM: 30% Bumi quota for 27 sub-sectors business scrapped - April 2009
# 23 Jun 2009 - Jean Todt - Appointed Tourism Malaysia Ambassador
# 04 Sep 2009 - MM2H: Up there among the top 12
# 31 Oct 2009 - Tourism Ministry to Enhance MM2H Program
# 06 Oct 2007 - Buy Malaysian Properties RM1 Million & above - MM2H application will be fast track
# 07 Oct 2007 - More Britons Want To Stay Here
More foreigners (17,000+) now making Malaysia their second home
MORE than 17,000 foreigners are living in the country under the Malaysia My Second Home (MM2H) Programme since its inception in 1996, the Tourism Ministry said yesterday.
Tourism Minister Datuk Seri Dr Ng Yen Yen said the response to MM2H was very promising.
"There has been a big number of participation from countries like Japan, South Korea, Taiwan and Singapore.
"The number of participants of this programme has gone up and we have seen an increase in revenue stemming from it."
There has been a marked increase of Japanese with 331 participants compared with 195 last year, China has 301 participants compared with 154 last year, and there are 238 Iranians against 227 last year.
"Our strategy is not just about focusing on the quantity of tourists, but also on the investments that might be had from their presence in Malaysia.
"We should not just rely on the usual way of attracting visitors as we must expand our outlook to ensure that the country's tourism industry prospers," she said.
MM2H is promoted by the government to encourage foreigners to reside in Malaysia on multiple entry social visit passes.
She said the homestay programme endorsed by the Tourism Ministry had been a success. "This programme is well received by tourists as they would be able to get a first hand experience of the culture and lives of Malaysians."
The homestay programme is for tourists who would want to experience the lifestyle of Malaysians by staying with them for a period of time.
Dr Ng was speaking at a press conference in connection with the Malaysian Tourism Award 2010/2011 ceremony which will be held at the Kuala Lumpur Convention Centre on Dec 20.
Yang di-Pertuan Agong Tuanku Abdul Halim Mu'adzam Shah and Raja Permaisuri Agong Haminah Hamidun will be present at the function.
Pinewood Iskandar Malaysia is a collaboration between Khazanah Nasional Bhd's wholly owned Iskandar Malaysia Studios Sdn Bhd and the world famous Pinewood Shepperton plc to undertake the development of a world class media production facility in Iskandar Malaysia.
Lake said the company offered significant opportunities to build depth and experience in the local industry and to showcase Malaysia as a destination for the international film and television community.
The construction of this state-of-the-art facility adjacent to Singapore is truly exciting for the film and television production industries in Asia, he said in a statement issued by Iskandar Malaysia Studios today.--BERNAMA
March 5, 2008 -
PENANG: George Town has moved up a notch to rank as the 9th most liveable city in Asia for Asians to live in for the year 2007/2008 in a survey of 254 cities worldwide. The ECA International Location Ranking Survey had last year ranked the Penang capital as the 10th most liveable city in Asia for Asians.
George Town also saw the biggest improvement in scores among the 49 Asians cities surveyed by rising 11 notches in the global ranking from 74 to 63.
ECA International general manager Lee Quane said in a press release that the big rise was due to improvements in recreation, housing and personal security.
Globally, Singapore maintained the top spot as the best place for Asians to live in according to the annual survey which compares living standards according to categories, including climate, air quality, health services, housing and utilities, isolation, social network and leisure facilities, infrastructure, personal safety and political tensions.
Kuala Lumpur is tied with George Town at the 9th most liveable city in Asia and the 63rd most liveable city in the world.
Three Japanese cities made it to the top 10 in the Asian ranking. They are Kobe (2nd), Yokohama (3rd) and Tokyo (4th). Kobe and Yokohama were also among the top 10 in global ranking at 3rd and 8th spots respectively.
The other cities which made it to the top 10 in the Asian ranking were Hong Kong which was tied with Tokyo at 4th spot, Taipei (6th), Macau (7th) and Bangkok (8th).
Three Australian cities made it to the top 10 in global ranking. They are Sydney at second spot, Melbourne which was tied with Kobe at 3rd spot, and Canberra at 6th spot. The other cities in the top 10 in the global ranking were Copenhagen at 5th spot, Vancouver (7th), Wellington (8th) and Dublin (10th).
The least liveable cities were Baghdad at the last spot, Kabul (253rd) and Karachi (252nd).
ECA International is a membership organisation for international human resources professionals. It serves a global network of over 4,000 human resource professionals in 71 countries.
March 29, 2008 - JB may join Singapore MRT network
JOHOR BARU: Talks are being held with Singapore to extend the republic's Mass Rapid Transit (MRT) system here.
Mentri Besar Datuk Abdul Ghani Othman said yesterday that the site of the 30-year-old Bukit Cagar flats, to be demolished in the next two weeks, had been slated for the proposed Johor MRT station.
The talks were being held under the auspices of the Malaysia-Singapore Joint Ministerial Committee for the Iskandar Development Region (IDR).
It has not been determined whether the line will start in Kranji or Woodlands.It doesnt matter as long as the Johor line is connected with either one, Abdul Ghani said, adding that he expected the project to start in two to three years.
Abdul Ghani said the MRT line would boost public transportation between Singapore and Johor Baru, as travel would be much smoother.
It will also reduce traffic congestion along the Causeway, which has been a common problem for a long time.
On another issue, Abdul Ghani said the state government was currently in talks with government-linked companies such as UDA Holdings Bhd, Permodalan Nasional Berhad and South Johor Investment Corporation to invest in and salvage abandoned projects.
He said that out of 15 abandoned commercial properties in the state, Kemayan City and Pacific Mall would be revived first as both were more obvious eyesores compared with the others.
I had a meeting this morning with the Iskandar Regional Development Authority and other government-linked companies to solve the problem of these two projects as soon as possible, he said.
He said new investors in the IDR had also shown interest in reviving other abandoned projects.
April 12th 2008 - Iskandar Malaysia project on track, says PM
JOHOR BARU: The Iskandar Malaysia project here will not be scaled down and the Federal Government is committed to seeing that it succeeds, says Prime Minister Datuk Seri Abdullah Ahmad Badawi.
It is important that Iskandar Malaysia succeeds and we will continue to back the commitment. I am still the co-chairman of this development, he said when asked if it would be scaled down to ensure long-term viability.
He said he was pleased with the inflow of investments into the project which was on track to achieve the target of RM47bil within the next two years.
At the moment we have secured 70% with almost RM33bil in investments, he told reporters after attending a three-hour briefing on Iskandar Malaysia's progress.
Abdullah speaking during a press conference after being briefed on the progress of Iskandar Malaysia in Johor Baru Friday as Ghani (left) and Iskandar Malaysia CEO Datuk Ikmal Hijaz Hashim (third from left) look on.
Abdullah reiterated Federal and state governments support for all ongoing projects in Iskandar and other economic corridors announced before the elections.
He also officially announced that the project, previously known as Iskandar Development Region (IDR), would be named Iskandar Malaysia with immediate effect.
It is not a new development project but just the same project which has been renamed.
There is no change in policy, commitment or the authority.
Abdullah also announced that RM200mil had been allocated to build housing units in Iskandar Malaysia, saying it was one of the most important of Iskandar initiatives.
To be launched in the second half of the 9th Malaysia Plan (9MP), 2,000 units, with a minimum built-up of 850-900 sq ft per unit, would be built in the first phase of the housing development, he said.
On the progress of the projects RM1.88bil infrastructure development, Abdullah said three projects had been completed while seven others were still under construction. Another six will start in June.
1st July 2008 - Million Dollars Home Purchase & above No Full FD
Effective 1 July 2008, new applicants who have purchased and owned residential property which were bought at RM1 million and above in Malaysia are eligible to apply for exemption from placing the full FD amount required of MM2H participants. They only have to comply with the basic financial requirement of FD or RM 60,000. This amount may not be withdrawn until the participants decide to terminate their participation in MM2H programme
1.The purchased residential property may be a fully-completed unit or one under construction. For any property purchased, applicants aged below 50 and those aged 50 and above must produce copies of payments made to developers, amounting to a minimum of RM 300,000 or RM 150,000 respectively, in place of the required Fixed Deposit under this programme. This amount does not include legal fees, transfer fees, commissions and any other related payments.3. Several properties totalling RM 1 million and above can be accumulated for this exemption.
2.The property must cost a minimum of RM 1 million OR
4.The exemption may be considered for residential property which was bought within 5 years of application to participate in MM2H programme.
6 Oct 2007 - Buy Malaysian Properties RM1 Million & above -
MM2H application will be fast track
LONDON: Applications for the Malaysia My Second Home (MM2H) programme will be fast-tracked for those who had bought properties worth RM1 million and above in Malaysia.
Tourism Ministry secretary-general Datuk Dr Victor Wee said they must show proof such as the sale & purchase agreement and other documents when submitting their applications.
He said although purchase of property was not a prerequisite for the programme, it showed the applicants' financial capabilities.
If the person has already bought such a property in Malaysia, he would pass the test, he told Malaysian journalists after speaking at the Malaysia My Second Home & Medical Tourism seminar on Friday.
Applications are usually processed within four weeks based on four main criteriafinancial, medical, health and security background checks.
Dr Wee also urged health insurance companies to extend coverage to those above 65 years to give the programme a boost.
Britons retire at 65 and that's when they really want to go to Malaysia under the MM2H scheme, he said.
He said the insurance industry should work out a special package for those 65 years and above or even whole life coverage.
Earlier, Dr Wee said a total of 1,183 applications were approved during the first nine months of this year.
The top 10 countries were Britain (166), followed by Japan (139), Bangladesh (122), South Korea (121), China (58), Singapore (40), Sri Lanka and the United States (38 each) and India and Iran (both 33).
He said most of them chose to live in Kuala Lumpur, Penang, Malacca, Langkawi and Johor with Sabah gaining popularity recently.
Dr Wee added Malaysia had been ranked seventh in the Fifth Annual Global Retirement Index survey of 29 countries by International Living magazines website, a global lifestyle, travel and investment site.
Malaysian High Commissioner to Britain Datuk Abdul Aziz Mohamed noted that just over 1,000 British nationals had joined the MM2H programme.
This was a sharp contrast to the estimated 700,000 Britons, mostly retirees, living in Spain or the relatively high number enjoying a similar programme in Thailand, he said.
Given the long historical association as well as shared traditions and
values, Malaysia should be the destination of choice, he added.
7 October 2007 - More Britons Want To Stay Here
LONDON: Another British couple is poised to make Malaysia their second home.
They decided on this after hearing explanations on costs and expenses at a Malaysia My Second Home seminar organised by Toursim Malaysia, the Tourism Ministry and Overseas Malaysian Executive Club (Omec) here yesterday.
We fell in love with Malaysia 10 years ago. Every time we go back to Malaysia on holiday, we always feel that we are going home.
Malaysia is now our home, said Aileen Cook, who was satisfied with the regulations on applying to make Malaysia a second home.
At first we thought that we had to pay a fixed deposit and confirm that we have proof of a monthly income.
Now we realise that it is one or the other, she added.
Denis Clift chipped in to say that apart from the agents fee of UK Pound1,500 (RM10,400), which he thinks is quite heavy a payment to make, he is set to start the ball rolling and make the move.
Both Aileen and Denis are planning to spend their retirement days in Malaysia next year.
Aileen and Denis were among 30 British retirees who attended the half-day Malaysia My Second Home (MM2H) and Medical Tourism seminar held at the Renaissance Hotel in central London yesterday.
Many, who had been going to Malaysia for holidays, only needed some reassurance before they made their final move.
To answer their questions and clear their doubts were Datuk Dr Victor Wee, secretary-general of the Tourism Ministry; Datuk Dr Jacob Thomas from the Association of Private Hospitals Malaysia (APHM) and Kumar Tharmalingam, president of FIABCI Asia Pacific Real Estate Federation .
Also present to tell those present about their experience living in Malaysia were David and Barbara Miller, who had made Malaysia their second home for the past 10 years.
We were told about Malaysia by a friend. When we went there for a holiday, within three dayswe had fallen in love with the country, said David.
It is a safe and friendly place, added Barbara.
In his opening speech, Malaysian High Commissioner to Br itain, Datuk Abd Aziz Mohamed, said he was confident Malaysia, with its comparatively cheap cost of living, conducive climate, language and historical links, would be a destination of choice for many British thinking of making Malaysia their second home.
Wee, addressing concerns about medical insurance for those aged over 65, said that insurance companies would have to think through and work out details.
People here (in Britain) retire at 65 and this is when peoplewant to think about this plan. Insurance companies will have to incorporate this as part of their offering. Wee also welcomed those who had volunteered to give their time teaching English to Malaysians.
We are all for people who want to contribute their services, but not for full-time employment. They can volunteer, as in the teaching of English. Full-time employment is not for this kind of programme.