The country stands to lose up to RM48bil if the majority of the existing Malaysia My Second Home (MM2H) participants were to leave Malaysia as a result of its newly announced stricter requirements, says former Tourism, Arts and Culture minister Datuk Seri Nazri Aziz.
The Padang Rengas MP said that during his speech on the 12th Malaysian Plan (12MP) in Parliament on Tuesday, and criticised the government's decision on transferring the MM2H programme from the Tourism, Arts and Culture Ministry's purview to the Home Ministry.
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