KUALA LUMPUR – A Sharing Economy Committee (SEC) will be established with the Ministry of Communications and Multimedia (K-KOMM) and the Malaysia Digital Economy Corporation (MDEC) set to jointly chair it.
According to K-KOMM, the SEC will be acting as advisors to the government on matters pertaining to the sharing economy, while at the same time, looking out for the best interest of gig workers and the users of gig platforms.
Furthermore, it also said that the committee will lead the assessment of the framework and create the national roadmap plan for the sharing economy through coordinating and streamlining the initiatives among stakeholders in the sharing economy.
The announcement was made after the recently held meeting for the Digital Economy and National Fourth Industrial Revolution Council (MED4IRN), led by Prime Minister Datuk Seri Ismail Sabri Yaakob.
During which, K-KOMM Minister, Tan Sri Annuar Musa, stated that his ministry acknowledges the sharing economy as a new economic model with the potential to create job opportunities and provide income to Malaysians.
He said that part of the targets suggested to the SEC includes a total market income of RM2.7 billion.
Additionally, other proposed targets also include increasing local platforms to 206, and accrediting 50 domestic platforms according to international standards.
Apart from that, the SEC also intends to train and verify 250,000 gig workers in the main sectors (services, logistics, retail) while also developing 100,000 independent digital workers to provide them opportunities for high value gig jobs, he added.
As of the end of 2021, there are 137 sharing economy platforms that are operating in Malaysia. This was compared to the five that were registered in 2015.
Meanwhile, the CEO of MDEC, Mahadhir Aziz stated that the SEC will be driven by four pillars which are policy and regulation; incentives; confidence in the platforms; and standards (including data and metrics).
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