MyMaster & MyPhD programmes were created under the 10th Malaysia Plan via the MyBrain15 program for the sponsorship of postgraduate study at the Masters & PhD levels.
The Objective of the programs is to stimulate and encourage graduate  with calibre to pursue their studies at the higher levels in key areas  in line with the country's development plan. This will simultaneous  develop and maintain / retain human capital and catapult the  transformation of Malaysia to a high income country.
Both programs are opened to the public and private sectors. This is  an incentive by the government in its aim to upgrade / increase the  knowledge and skill of Malaysias in line with the economic development  plan under the MEP which is Innovative Based Development.
Further details please click to these links:
MyBrain15:  https://www.mohe.gov.my/MyBrain15
MyPhD : http://www.portal.mohe.gov.my/portal/page/portal/ExtPortal/MarketSponsor/OtherMisc/Info/MyPhD
MyMaster: http://www.portal.mohe.gov.my/portal/page/portal/ExtPortal/MarketSponsor/OtherMisc/Info/MyMaster
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