Malaysia could attract more spending if Thai programmes become more costly, says Juwai IQI
The increased difficulty of obtaining popular visas in Thailand and Singapore could benefit Malaysia, according to Juwai IQI, a regional real estate technology company.
The changes could drive the equivalent of 20.6 billion baht in new spending in Malaysia over the next five years, as well as 53.5 billion baht in new bank deposits and 267 million baht in application fees paid to the Kuala Lumpur government, said Kashif Ansari, the co-founder and group CEO of Juwai IQI.
“Malaysia is seeking investment, job creation, supply chain localisation and skilled labour. When other visa programmes turn applicants away, Malaysia may benefit,” he said.
“Thailand has indicated it will make major changes to its popular Elite Card…
