Latest news with #STRPhaseThree
The Sun
5 days ago
- Business
- The Sun
STR phase 3 payments for 8.6 million recipients start tomorrow
PUTRAJAYA: The government will begin disbursing Phase Three of the Rahmah Cash Assistance (STR) payments tomorrow, allocating RM2 billion to ease the cost of living for low-income households. Prime Minister Datuk Seri Anwar Ibrahim, who is also Finance Minister, stated that 8.6 million recipients will receive up to RM650 in aid under STR Phase Three. This marks an increase of 300,000 recipients compared to the 8.3 million beneficiaries in Phase One last January. Anwar attributed the rise in STR recipients to the MADANI government's initiative to accept new applications and appeals year-round. 'The continuous application and appeal process reflects the MADANI government's commitment to ensuring no eligible individual is left out,' he said. 'Beyond cash aid, STR empowers recipients to achieve financial independence, aligning with the MADANI Economy's goal of equitable prosperity.' Payments will be credited directly to bank accounts or distributed via Bank Simpanan Nasional (BSN) for eligible recipients. The Finance Ministry advised those not listed in the STR database to submit applications for verification. Eligibility status and frequently asked questions (FAQ) can be checked on the official STR portal at - Bernama
The Star
5 days ago
- Business
- The Star
STR Phase 3 payments to 8.6 million recipients begin tomorrow, says PM
PUTRAJAYA: The government will begin disbursing payments for the Phase Three Rahmah Cash Contribution (STR) starting Tuesday (Aug 12), allocating RM2bil to ease the cost of living for low-income households under the Madani government initiative. In a statement Monday (Aug 11), Prime Minister Datuk Seri Anwar Ibrahim, who is also Finance Minister, announced that 8.6 million recipients will receive up to RM650 each through STR Phase Three, an increase of 300,000 recipients compared to the 8.3 million beneficiaries in Phase One last January. The rise in recipients reflects the government's decision to open new applications and appeals throughout the year to ensure aid reaches all eligible individuals. "The year-round application and appeal process demonstrates the Madani government's commitment to its responsibility in improving the welfare of the majority, leaving no one behind in benefiting from the nation's wealth. "More than just cash assistance, STR empowers recipients to achieve financial independence, helping us realise the equality envisioned in the Madani Economy," he said. - Bernama
