Umno proposes Gig Economy Commission to regulate booming Malaysian trade

The Gig Economy Commission Malaysia (SEGiM) has been proposed by Umno, a Malaysian political celebration, to control the burgeoning gig trade ecosystem and defend the welfare of service suppliers, suppliers, workers, and customers. Umno President Ahmad Zahid Hamidi highlighted that the gig economic system is flourishing in Malaysia, with over 1.12 million gig employees registered with the Malaysia Digital Economy Corporation (MDEC). He also noted that more than 80% of gig economy users are young individuals.
The Malaysian Internet financial system market has experienced rapid growth, reaching transactions value 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 provide a brand new framework for gig financial system players such as Grab, Lalamove, and Food Panda. Additionally, Recognized will enable the government to construction the gig economy taxation system, which presently witnesses a significant flow of money by way of these companies abroad..

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