The Gig Economy Commission Malaysia (SEGiM) has been proposed by Umno, a Malaysian political celebration, to regulate the burgeoning gig trade ecosystem and shield the welfare of service suppliers, suppliers, employees, and shoppers. Umno President Ahmad Zahid Hamidi highlighted that the gig economy is thriving in Malaysia, with over 1.12 million gig workers registered with the Malaysia Digital Economy Corporation (MDEC). He also noted that more than 80% of gig financial system users are young people.
The Malaysian Internet economic system market has skilled rapid progress, reaching transactions worth RM52.4 billion (US$12.7 billion) in 2020 alone, and is anticipated to grow at a fee of 23% yearly. The establishment of the Gig Economy Commission would offer a new framework for gig economy gamers such as Grab, Lalamove, and Food Panda. Additionally, Sneak peek would allow the government to construction the gig financial system taxation system, which at present witnesses a major flow of money through these companies abroad..