RM1,000 driver aid expanded nationwide across Malaysia

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Malaysia's RM1,000 driver aid

Highlights

Special RM1,000 assistance for taxi, hire-car and school bus drivers is now being extended nationwide following its announcement in Budget 2027.
More than 12,000 eligible drivers are set to begin receiving assistance via electronic funds transfer or direct credit to their bank accounts from today.
The initiative is expected to ease the financial burden on small-scale land public transport operators who rely on daily cash flow.

This article was translated from the original. Read the original version by our correspondent here.

Distribution by state

As reported by The Edge Malaysia, Transport Minister Loke Siew Fook stressed that the special RM1,000 assistance distributed in Melaka on Monday is part of a national programme for eligible taxi, hire-car and school bus drivers across Malaysia.

He said the incentive was announced by Prime Minister Datuk Seri Anwar Ibrahim during the Budget 2027 presentation in Parliament recently. He added that the distribution in Melaka was just one in a series of assistance handover events, following a visit to Negeri Sembilan last week and ahead of the next programme in Kedah next week.

Loke said those with valid driver cards, verified by the Land Public Transport Agency (APAD), can be registered in the system to receive the RM1,000. Drivers who are not invited to the handover events will receive payment via electronic funds transfer or directly into their respective bank accounts.

Impact on recipients and the land public transport sector

A total of 283 taxi and hire-car drivers received RM1,000 contribution vouchers each at a ceremony at the CMI Complex Auditorium in Ayer Keroh on Monday. Loke said around 12,000 taxi, hire-car and school bus drivers are expected to receive the special financial assistance this week alone.

He added that, starting today, the assistance will also be credited to the bank accounts of more than 12,000 recipients to speed up the disbursement of funds. For the sector, the move is expected to ease the financial burden on small-scale land public transport operators who rely on daily cash flow for their operations and income.

In our earlier coverage of projected deposit inflows to Malaysian banks following the wage measures in Budget 2027, we highlighted the potential for new deposits to increase as more wage payments are channelled through the banking system. The article also discussed how this shift could affect household loan growth, transaction banking and market sentiment towards major banking stocks.

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