Malaysian Prime Minister Anwar Ibrahim has announced a one-off RM100 (approximately S$30.25) credit for all citizens aged 18 and above, as part of the government’s ongoing efforts to support the rakyat amidst rising living costs.
This cash handout will be distributed beginning 31 August 2025 — Malaysia’s National Day — and will be credited directly to each recipient’s MyKad. The MyKad, Malaysia’s national identity card, functions as both an identification document and an ATM-enabled card.
Credit Usable at Over 4,100 Stores Nationwide
According to reports from Malay Mail and New Straits Times, this initiative is rolled out under the Sumbangan Asas Rahmah (SARA) programme, designed to provide basic financial relief for everyday essentials. The credit can be redeemed at more than 4,100 participating retail outlets across Malaysia, and is valid until the end of the year.
While the amount may seem modest, many see it as a symbolic move aimed at recognising the struggles faced by ordinary Malaysians amidst economic uncertainty and inflation.
Prime Minister Anwar described the gesture as an “extraordinary tribute” to Malaysians in his address on Wednesday (23 July). He also took the opportunity to announce an additional public holiday on 15 September, in celebration of Malaysia Day, which falls on 16 September.
Lower Fuel Prices Also on the Way
In another major announcement, Anwar revealed that the price of RON95 petrol will be reduced to RM1.99 per litre once fuel subsidies are rationalised. This move is expected to provide additional relief to Malaysians, especially those who rely on private transportation to travel for work or school.
This upcoming petrol price adjustment, if implemented successfully, could lower commuting costs and ease the financial burden on middle- and lower-income families.
The new public holiday and fuel price rationalisation come as the government aims to rally support and demonstrate its commitment to economic care and welfare, especially in the lead-up to Malaysia Day.
Singaporeans Watching Closely
While this policy is directed at Malaysian citizens, Singaporeans — especially those with ties to Malaysia — are taking notice. With over 1 million Malaysians working or residing in Singapore, many have family members who will benefit from the one-off credit and fuel savings.
Additionally, Singapore-based businesses operating in Malaysia may see a modest uptick in consumer spending, particularly in suburban and rural areas, where the RM100 payout may hold more significance.
As regional economies continue to battle inflation, subsidies and direct financial aid remain a popular — though short-term — strategy for governments to provide quick relief and sustain public sentiment. Whether Malaysia’s moves will deliver meaningful impact remains to be seen, but for now, it’s a timely boost for many in the country.
Image Source; Anwar Ibrahim Facebook