King's scholarships for postgrad studies

For those who are interested in pursuing further studies in science and technology, economics or law, check out the Yang DiPertuan Agong scholarships. It was reported in the Star today.
Or you can go directly to the JPA websites here and here and here. I scanned through the terms and they seems pretty generous. However, it was not stated whether the scholarship would last throughout one's Masters or PhD (especially important for a 5 year PhD in the US).