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Thursday, 9 October 2025

Malaysia's Disposable income rises nationwide to RM7,584

PUTRAJAYA: Malaysia’s average disposable household income rose by 3.2% to RM7,584 in 2024, according to the latest Household Income and Expenditure Survey (HIES) 2024 Report.

“In terms of disposable income, the average monthly disposable household income increased by 3.2% to RM7,584 in 2024, while the median rose 5.1% to RM5,999. This represents 82.8% of total gross household income, indicating households’ ability to meet essential expenditure needs,” the report stated.

The report also highlighted that this rise in disposable income was accompanied by a gradual improvement in income distribution.

“Households in the Bottom 40 (B40) group, comprising 3.28 million households, had income of up to RM5,858,” according to the report, which was released yesterday.

The report comprises 33 official statistical publications, presenting comprehensive findings and analyses of the country’s socioeconomic landscape from the perspective of household income and expenditure.

It also noted that the median household income in Malaysia reached RM7,017 in 2024, growing by 5.1% annually, while the mean household income rose by 3.8% to RM9,155.

Income growth varied by state, reflecting diverse economic conditions, the report added.

Six states recorded median household incomes above the national level, with Kuala Lumpur at RM10,802, followed by Putrajaya (RM10,769), Selangor (RM10,726), Johor (RM7,712), Penang (RM7,386) and Labuan (RM7,383).

“Penang recorded the highest annual growth rate at 6.4% between 2022 and 2024,” the report stated.

The report also noted that the B40 group’s share of total national income rose slightly to 16.7%, up from 16.3% in 2022.

In contrast, the Top 20% (T20), who earned RM12,680 and above per month, saw their share decline to 45.1%, down from 46.3%. The Middle 40% (M40), earning between RM5,860 and RM12,679, made up a significant portion of the remaining income share.

At the event, Economy Minister Datuk Seri Amir Hamzah Azizan described HIES in his keynote address as a vital statistical instrument for measuring progress and improving the socio-economic status of Malaysian households.

“It is one of the main sources for shaping the country’s socio-economic and social policies, including poverty eradication programmes, increasing income, reducing income inequality, and addressing the cost of living,” he explained.

Amir Hamzah added that Malaysia has achieved a major milestone, with hardcore poverty nearly eradicated and reduced to just 0.09%.

“This reflects the effectiveness of various initiatives to increase people’s income, empower urban communities economically, and enhance public well-being, all of which will be continued by the government,” he said.

The Gini coefficient improved to 0.390 in 2024, compared to 0.404 in 2022, signalling a narrowing of income inequality.

The national absolute poverty incidence decreased from 6.2% in 2022 to 5.1% in 2024, representing about 416,000 households.

“Poverty in urban areas declined to 3.7%, while poverty in rural areas improved to 12%,” the report noted.

“The hardcore poverty incidence dropped to 0.09%, equivalent to fewer than 8,000 households earning below the Food Poverty Line Income (PLI),” it added

Experts: Rising cost of living dampens income gains

The Star

https://www.thestar.com.my › nation › 2025/10/09 › ex...

— According to the Statistics Department (DOSM), the average monthly disposable household income increased by 3.2% to RM7,584 in 2024, while the .

Saturday, 18 September 2021

RM500mil Grant to revive SMEs to be given out from Sept 21, ensure no delays in aid rollout to B40, says PM

Help at hand: The Prime Minister joins in via video conferencing as Tengku Zafrul (second from right) witnesses the first day of BKC payments to recipients at the BSN Putrajaya branch. — Bernama

PETALING JAYA: The government will channel RM500mil of assistance to small and medium enterprises (SMEs) through the Prihatin Special Grant (GKP) 4.0 beginning Sept 21, says Datuk Seri Ismail Sabri Yaakob.

“With this aid, it is hoped that small businesses such as food stalls, barbers, workshops and cake shops will be able to reduce their burden and help in their cash flow,” he said.

Each payment of RM500 will be given out in September and November.

Ismail Sabri said the aid will be channelled directly into the bank accounts registered with the GKP system and that the status of the GKP 4.0 can be checked at gkp.hasil.gov.my.

The Prime Minister said the grant, which is a component of the Economic Recovery Package (Pemulih), will benefit more than one million recipients.

In a statement yesterday, he said the aid would be transferred directly into bank accounts registered with the GKP system.

The status of the GKP 4.0 can be checked at gkp.hasil.gov.my.

So far, he said RM6.08bil had been channelled to SMEs under the GKP since the pandemic began.

“I hope this aid will be able to revive the SME sector, which is the engine of economic growth for the Malaysian family.”

The government, he said, would give priority to industry players who were among those most affected during the pandemic.

Meanwhile, Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the status of those who applied and then appealed for the Bantuan Prihatin Rakyat (BPR) can be checked at bpr.hasil.gov.my starting today.

This will involve almost 200,000 BPR recipients with an estimated allocation of RM240mil, said Tengku Zafrul, adding that the payments would be credited at the end of this month into accounts registered with the BPR.

The payments, he said, would be credited into bank accounts registered during the BPR appeals at the end of this month, together with the recipients of the third phase of the BPR.

He said in a statement the payout would also be given to recipients of the third phase of the BPR.

Tengku Zafrul said the government had updated the data of the B40 group eligible to receive the BPR after their appeals were submitted from June 15 to June 30.

The appeals were verified by the Inland Revenue Board to ensure that the aid would benefit those who qualified for it.

“The government hopes that this cash assistance totalling RM17.1bil until the end of the year can assist Malaysian families in managing their expenses,” he said.

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Related:

Govt to channel RM500mil aid to SMEs from Sept 21, says PM

https://www.thestar.com.my/news/nation/2021/09/17/govt-to-channel-rm500mil-aid-to-smes-from-sept-21-says-pm

SMEs in dire need of assistance | The Star

https://www.thestar.com.my/business/business-news/2021/09/18/smes-in-dire-need-of-assistance

PM: Ensure no delays in aid rollout

More assistance coming after BKC next month, says Ismail Sabri

Datuk Seri Ismail Sabri Yaakob. - Bernama filepic

PUTRAJAYA: The Special Covid-19 Aid (BKC) cash vouchers prepared by the Finance Ministry must reach the recipients without any delay, says Datuk Seri Ismail Sabri Yaakob.

Having witnessed the Phase One payments of the BKC being credited into the accounts of 10 million recipients from yesterday, the Prime Minister also urged the ministry to ensure the smooth running of the BKC payments, especially for recipients residing in rural areas with limited banking access or those without bank accounts.

Data from the ministry shows there are 708,223 eligible BKC recipients who do not have bank accounts.

Ismail Sabri also said the government would be channelling more assistance to the people starting next month.

In a video conference from his residence in Petaling Jaya with Bank Simpanan Nasional (BSN) staffers to check on the BKC payment process, Ismail Sabri said BKC was among the assistance given to help ease the burden of the people affected by Covid-19.

“Hopefully, nothing untoward happens that can cause delays and so on,” he said.

Ismail Sabri, who initiated the video conference call because he is still undergoing self-quarantine, also advised BSN staffers to ensure BKC recipients who come to collect the aid complied with standard operating procedure (SOP) to prevent Covid-19 transmission.

Joining the video conference call were Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz, who was at BSN Putrajaya here, and Deputy Finance Minister Mohd Shahar Abdullah, who was at the BSN branch in Bera, Pahang.

“Hopefully, what the government is giving today (yesterday) – although not much – can at least help reduce the people’s burden,” said Ismail Sabri, who also referred to information from Tengku Zafrul that more assistance was forthcoming for the people.

On Sept 1, Ismail Sabri announced that the BKC would be paid in stages with Phase One payments being credited from Sept 6 to 10.

Funds amounting to RM3.1bil have already been channelled to the relevant banking institutions for BKC payments.

The BKC is paid out to assist the hardcore poor, B40 households with total monthly income of RM5,000 and below and senior citizens as well as singles with a monthly income of RM2,500 and below, based on the eligibility criteria under the Bantuan Prihatin Rakyat (BPR 2021) aid package.

Those in the M40 group who report income tax with a total household income of RM5,001 to RM9,000 and RM2,501 to RM5,000 for singles are also eligible to receive BKC.

Under the BKC, hardcore poor category households will receive RM1,300; eligible senior citizens and singles (RM500).

For the B40 category, households will receive RM800, eligible senior citizens and singles (RM200); while in the M40 category, households will receive RM250 and qualified senior citizens and singles (RM100).

Details on the BKC, including payment status, can be viewed at https://bkc.hasil.gov.my.Meanwhile, Tengku Zafrul said the government would distribute various forms of assistance that have been planned until the end of this year.

Among the assistance that will be distributed is Bantuan Prihatin Rakyat phase three amounting to RM2.32bil, which will be channelled at the end of this month, and assistance for the loss of income in October.

In a post on his official Facebook page, Ismail Sabri said he had the opportunity to virtually review the Phase One payment process of BKC which would be implemented in stages through selected financial institutions involving the RM3.1bil allocation.

He also said that he was informed that the Finance Ministry would facilitate distribution to the rural community by paying cash to BKC recipients who did not have bank accounts.

“I hope this assistance can alleviate the burden of the ‘Malaysian Family’ affected by the Covid-19 pandemic,” he said. — Bernama

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