Umno proposes Gig Economy Commission to regulate booming Malaysian business

The Gig Economy Commission Malaysia (SEGiM) has been proposed by Umno, a Malaysian political celebration, to regulate the burgeoning gig business ecosystem and protect the welfare of service providers, suppliers, staff, and customers. Umno President Ahmad Zahid Hamidi highlighted that the gig financial system is flourishing in Malaysia, with over 1.12 million gig workers registered with the Malaysia Digital Economy Corporation (MDEC). He additionally famous that greater than 80% of gig economy customers are younger individuals.
The Malaysian Internet financial system market has skilled fast development, reaching transactions worth RM52.four billion (US$12.7 billion) in 2020 alone, and is anticipated to grow at a fee of 23% annually. The establishment of the Gig Economy Commission would offer a new framework for gig economy gamers similar to Grab, Lalamove, and Food Panda. Additionally, Reduced will enable the federal government to construction the gig economy taxation system, which currently witnesses a significant circulate of money by way of these services overseas..

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