Malaysia announces a third consecutive year of cash distribution.
KUALA LUMPUR: The RM4.6 billion allocation for the 1Malaysia People's Aid (BR1M) next year will be disbursed by February.
Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said the amount allocated for BR1M 2014 had increased because of the rising number of recipients. The payout will involve seven million people, an increase from last year's 6.8 million.
The details: (Read more: http://www.br1m3.com/)
Households (RM650)The amount is not small. But compared to Malaysia's potential citizen dividend of RM 2,200 for each citizen, this amount is relatively very small.
1. Household that has income below RM3,000
1. Household that has income between RM3,000 to RM4,000
1. Total gross monthly income of RM2,000 and below