The deadline for the registration of the PADU database is nearing this week. The Ministry of Economic Affairs pointed out that by registering and updating the information in the main database system (PADU), the T20 high-income group will also have the opportunity to receive targeted subsidies.

Back in July, Prime Minister Datuk Seri Anwar Ibrahim announced an RM100 e-Tunai or eWallet aid to 10 million adult Malaysians. Fast forward to today, the government finally revealed when the eWallet credit would be distributed: December 2023.

By now, the majority of you should know about the RM100 e-Tunai credit handout to the B40 and M40 groups. In preparation for this, YAB Dato Seri Anwar Ibrahim, Prime Minister and Minister of Finance issued a statement online of when we can expect the date.

Previously, we reported on the new initiative by the Federal Government which would provide RM100 of e-Tunai or e-Wallet credits to Malaysians earning less than RM100000 annually. Now, the Ministry of Finance (MOF) has commented on the initiative, saying that it is ready to expedite the e-Tunai's rollout.

The Ministry of Communications and Digital (KKD) is set to announce good news regarding telecommunications to help reduce the impact of rising living costs, especially for the B40 and M40 groups in Malaysia before Christmas. Its Minister, Fahmi Fadzil said that the good news would revolve around internet prices and phone charges in our country.

The Federal Government is set to launch a new residential property financing initiative called ‘i-Biaya’ this Thursday (14 April 2022) which will review the existing housing financial model in our country. With i-Biaya, new methods will be used to determine loan applicants’ eligibility, including their credit or digital footprint.

The initiative, part of the Malaysian Family Homeownership Programme (HOPE) seeks to improve home ownership among the B40 and M40 income groups in our country. Currently, many potential buyers could not own a house despite having a steady income due to them working in the gig economy sector or are self-employed, such as petty traders with no payslip.