E-civilization does not affect the country's inflation rate – Ahmad Maslan

<p>&nbsp;The majority of Malaysians aged 21 and above and earning less than RM100,000 a year receive the benefit of e-wallet credit of RM100 through a number of selected applications when applications have been open since 4 December yesterday.</p><p><br /></p><p>According to Deputy Minister of Finance I, Datuk Ahmad Maslan said that the provision of e-Madani credit to 10 million Malaysians is not expected to cause an increase in inflation in Malaysia.</p><p><br /></p><p>The total amount of RM1 billion allocated for this initiative is very little when compared to the country's Gross Domestic Product (GDP).</p><p><br /></p><p>He also said that the result of multiplying it to RM3 billion will not have a significant impact on the national economy or GDP which is as much as RM1.8 trillion and Bank Negara also stated that this will not increase the current national inflation rate.</p><p><br /></p><p><br /></p><p>Earlier, the Prime Minister of Malaysia, Datuk Seri Anwar Ibrahim announced that the one-off aid will be distributed to selected recipients from December 4, 2023 to February 20, 2024.</p><p><br /></p><p>It is an initiative of the Ministry of Finance to promote the digital economy and foster a culture of cashless payments benefiting nearly 10 million eligible adults with an allocation of RM1 billion.</p><p><br /></p><p>In addition, Ahmad Maslan also had time to respond to complaints regarding many people who are facing problems when redeeming e-wallet credit on the platform provided. He said, too many users accessing on the first day made the process slow.</p><p><br /></p><p>Ahmad Maslan advises the public not to hurry in registering because there is still plenty of time and platforms available to redeem the e-credit.</p>