00:00The merger of Malaysian users forces the government to prioritize financial literacy programs
00:07to ensure that recipients use financial assistance effectively.
00:12Executive Director Fomka T. Saravanan said that many Malaysians misunderstand
00:17the purpose of the government aid program as a long-term right
00:22and not just a temporary financial support.
00:25To address this issue, it has not yet proposed that financial education
00:29be included in school curricula and set up a special workshop for employees
00:35to cultivate a more responsible financial management.
00:39According to him, the government needs to introduce skills and employment enhancement programs
00:45to help people acquire new skills, as well as improve income
00:50and reduce dependence on financial assistance.
00:54The head of the Malaysian economic bank, Afzal Nizam Abdul Rashid, also argued
00:59that financial assistance must function as a milestone for recipients to achieve financial freedom.
01:05Meanwhile, the second finance minister, Amir Hamzah Azizat, recently announced
01:10that the number of recipients of Rahmah's fund will increase sevenfold
01:15to 5.4 million people by April.
01:19This figure includes 4.7 million recipients available for Rahmah's funds
01:25which will be automatically registered as beneficiaries.
01:30Hailey Izhati, FMT
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