Daily Industry News Update (30 August 2021)

INDUSTRY NEWS (30 AUGUST 2021)

Review new MM2H rules or risk capital outflow, says MICCI

THE Malaysian International Chamber of Commerce and Industry (MICCI) has urged the government to immediately suspend the new Malaysia My Second Home (MM2H) rules. Instead, it suggested for the policies to be reviewed with consultation with the stakeholders

Over 14,000 affordable homes built in Perak

A total of 14,004 units of affordable homes have been completely built in Perak, far from the state’s 5-year target to build 50,000 units between 2018 and 2023.

No clear recovery path for Malaysia’s economy: Moody’s Analytics

THE Malaysian economy is slowing down, with no clear path to recovery as the acceleration of global trade has been hindered by the new Delta Variant, according to Moody’s Analytics.