MM2H / Malaysian Retirement Questions

[Cwbguy]

I'm seriously looking at the Sarawak version of this. Downside - despite living in Malaysia for 2 years and many work trips/holidays since, I have actually never been to Sarawak. If anyone on here has and has any views, much appreciated. (I've been to most places in Peninsular Malaysia and Kota Kinabalu for comparison purposes).

Just seen this rather depressing article.

https://www.thevibes.com/articles/ne...SrH8qDgTXFkJ1U

Skip the main part and go to the last two paragraphs.

Of course there can/probably will be a U turn, but right now not looking so good.

[ycchai]

Nothing lost. You most likely won't want to stay in Kuching. It's a small sleepy town without a large expat community hence difficult to get supplies. KL or Penang is a better bet or JB by going over to s'pore for whatever you can't get

[Cwbguy]

Not directly related to retirement, but when has that stopped a post!.

This was on my FB feed.

-Hyundai has closed its Asia Pacific regional headquarters in Malaysia and relocated to Indonesia, after splashing US$1.55 billion (RM6.26 billion) in a new factory there.

-IBM has closed down its Global Delivery Centre (GDC) in Cyberjaya and relocated to Singapore.

-Shell moved its IT operations from Cyberjaya to India.

-Citigroup exited retail banking in Malaysia, where Citi has been in for more than six decades and shifted to Singapore.

-German IT company T-Systems sold its business in Malaysia and quit the country.

-Toyota Motor Corp invested US$2 billion to develop EVs (electric vehicles) in Indonesia from 2019 until 2023 starting with hybrid vehicles.

-Tesla and SpaceX boss Elon Musk has agreed to explore investment opportunities in the electric car battery – and even space launch station – in Indonesia following a talk with President Joko “Jokowi” Widodo.

-Facebook, Lazada, Tencent, ByteDance, Alibaba are some of the big names that have made Singapore as its regional hub, strategic location or data centre hub, leaving Malaysia behind.

-Indonesia, the Southeast Asia’s largest digital market, has attracted investments from four American tech giants – Google, Microsoft, Facebook and PayPal.

-Zoom Video Communications has chosen Singapore over Malaysia for their first R&D centre and new data centre in the region.

-Google and Facebook had bypassed Malaysia for the Apricot 12,000-km internet subsea cable project due to the unresolved cabotage policy because the corrupt transport minister and his cronies wanted “a cut” from the project.

And we have geniuses banning alcohol and 4D lottery-tickets.

[ndt]

Malaysia is already a dead horse with regressive policies day by day making it rot, Thailand with all its supposedly good, bad and ugly is the only winner in forseeable future..

[ycchai]

Yeah........... but are we talking about investing and doing business in Malaysia in this thread? If a country does well, you know the cost of human capital etc. will be higher. Which is why we don't think about retiring in countries like Switzerland etc. We try to find somewhere cheap where we still can get back the same quality of life

My take on all the bullsh*t going on in Malaysia is let them rot, the more the merrier. Its always been my philosophy to support the cronyism, injustice, whatever crap they do there just to move the country to the dumps. A lot of Malaysian Chinese bitch about the discrimination in Malaysia but I fully embrace it because such policy just makes the locals lazy. And that's where you get your cheap human capital. End of the day, I make my money in HK, and I spend it in Malaysia. From a selfish perspective, why would I want Malaysia to prosper and the cost of things goes up with a better country? better to have them stay in the dumps so my HK$ are worth more when economy degrades and I can spend it cheaply over there

[shri]

@ycchai - well thats one way to look at it, until the "cheap human capital" figures that it's just easier for the lazy to grab your wealth.

A happy and well paid middle class and a decent tax base contributes more effectively to the welfare of "foreigners" who want cheap medical and oil rebates.

[ycchai]

@ycchai - well thats one way to look at it, until the "cheap human capital" figures that it's just easier for the lazy to grab your wealth.

There is always a lazier person who is willing to grab less................... thats the beauty of the model they created Consider it cost of living. I just learn to live with it

[Paxbritannia]

Malaysia is the land of eternally squandered potential, and that reality ensures that Singapore will continue to prosper.

[Windmill65]

https://youtu.be/DDmlKiQeTxc

[freeier]

for what its worth...

https://www.cnbc.com/2021/12/01/the-...d-in-2021.html