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Under the new rules, foreigners must prove they have liquid assets worth 1.5 million ringgit (US$354,000) – up from 350,000 ringgit for those above the age of 50, and 500,000 ringgit for those below the age of 50 – although 500,000 ringgit of the funds can be used for property, health care and school fees. They must also have a monthly offshore income of at least 40,000 ringgit (US$9,400) compared with 10,000 ringgit previously, which the Malaysian government says ties in with its effort to target high-income individuals who can contribute to an economy hard-hit by the Covid-19 pandemic and ongoing political turmoil.