MyKad to play central role in targeted RON95 subsidy implementation, says Amir Hamzah

RON95 News

MyKad to play central role in targeted RON95 subsidy implementation, says Amir Hamzah
Targeted SubsidyMykadTwo Tier System
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KUALA LUMPUR: Amanah Saham Nasional Bhd, the unit trust management arm of Permodalan Nasional Bhd, has announced a total income distribution of RM2.18bil for the financial year ending March 31, 2025, for two fixed-price funds - Amanah Saham Bumiputera 2 (ASB 2) and Amanah Saham Malaysia (ASM).

KUALA LUMPUR: A two-tier system involving the use of MyKad is likely to be adopted when the targeted RON95 subsidy is implemented this June, says Datuk Seri Amir Hamzah Azizan .

"The mechanism is being fine-tuned, and we do not want to make any announcement while work is still being done. "About 85% of the rakyat will get the subsidised petrol prices and this is what is meant by targeted subsidy for the nation," he added. "Some 700,000 recipients of the RM2,100 aid are already using their MyKad to purchase sundry goods at some 3,500 shops and supermarkets in the country."If 5.4 million recipients can use their Mykad at more than 3,500 shops and supermarkets, what is the difference if the MyKad is used for RON95?" he said.

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Targeted Subsidy Mykad Two Tier System Amir Hamzah Azizan Mechanism

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