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Can a weakening ringgit and cheaper living draw expatriates to Malaysia?

The past few months have seen a spate of announcements and changes to Malaysia’s policies concerning foreign talent recruitment and the attracting of expatriates.

Indeed, from a drastic shortening of the expatriate visa application process to statements about the government’s plan to make the Malaysia My Second Home (MM2H) long-term visa initiative more flexible, the message appears to be that Putrajaya is serious about making Malaysia appealing to foreign nationals once again.

All this, however, has come in the wake of a weakening ringgit.

Thus, the question being asked is: could Malaysia’s poor-performing currency ultimately entice expatriates, foreign retirees and other high-valued foreigners to set up home in the country?


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