The Malaysian Prime Minister, Datuk Seri Anwar Ibrahim, has agreed to the institution of the Gig Economy Commission Malaysia (SEGiM) as beneficial by Umno, based on Deputy Prime Minister and Umno president Datuk Seri Ahmad Zahid Hamidi. Off-limits of SEGiM are to regulate the gig industry’s ecosystem and ensure the welfare of all involved, together with service suppliers, suppliers, employees, and shoppers.
Ahmad Zahid highlighted that around 1.12 million individuals are currently participating within the gig economy, with an annual progress rate of 23%. He also talked about that more than 80% of gig economy customers are young people. The digital economic system market in Malaysia has been quickly expanding, with transactions reaching US$12.6 billion in 2020 and an anticipated annual growth rate of 23%.
“It will also allow the federal government to construction a gig economy taxation system that will see a big circulate of cash move via this service overseas,” he stated..