In a statement on his Facebook page, the Transport Minister said he held two separate meetings between the Associated Chinese Chambers of Commerce and Industry of Malaysia , and the Home and Human Resources ministers.
ACCCIM president Datuk Low Kian Chuan raised issues related to MM2H as well as foreign labour shortage in various sectors to the Home Minister.The participants must be in the country for at least 90 cumulative days in a year to ensure that they truly contribute to the Malaysian economy, and are also required to have an offshore income of at least RM40,000 a month, compared to RM10,000 previously.
Previously, participants only needed to place RM300,000 in fixed deposits while for those over 50, the amount was RM150,000. “Various views and suggestions from the stakeholders were discussed openly and professionally with Datuk Seri Hamzah,” Dr Wee said on Tuesday .