Moderator : Low Ngai Yuen, CEO, Global Entrepreneurship Movement Association (GEMA)
Malaysia has approximately 13,000 Foodpanda and 10,000 Grab Food riders in the Klang Valley, and over 160,000 e-hailing drivers employed. According to World Bank Data, 25.3% of the Malaysian workforce, or about four million people, were freelancers in 2018, and this number is expected to grow. Additionally, just a few months ago, the gig economy was identified as a new source of economic growth and will be made part of the 12th Malaysia Plan.
Gig Economy is a relatively recent phenomenon and has not experienced major trials and tribulations until the current pandemic, Covid19. During this uncertain time, gig workers in different fields are experiencing it differently - currently some are having difficulties in looking for work while others are gaining tremendous job opportunities such as those directly involved with e-commerce and food delivery. What’s certain is that the outbreak is revealing how integral the gig economy is. Given that social distancing might be the new normal, companies will be searching for new ways to meet project deadlines and may be looking for extra help in the form of gig workers. In fact, this might set a pattern for a future where remote work and hiring gig workers is more widely accepted than ever. While this will definitely increase opportunities for current gig workers, how will gig talents be developed, recruited and managed?
How would the Covid19 Pandemic change the future of the gig economy in Malaysia?
About The Host :
Futurise is a company (a wholly-owned subsidiary of Cyberview Sdn Bhd) under the Ministry of Finance that focuses on innovation, regulation, and commercialization. The company has been mandated by the Malaysian Government through the National Development Council (“NPC/MPN”) to lead the National Regulatory Sandbox initiative to expedite regulatory intervention, deploy innovation and technology solutions and establish new innovation ecosystems. Futurise plays an active role as the Public Policy Advisor to ministries and agencies in developing an anticipatory, progressive and inclusive regulatory framework that is imperative in shaping Malaysia for the Future Economy. Its current focus ranges from Sharing Economy, and industries such as Mobility (Transportation) and SportsTech which includes Unmanned Ariel Vehicles (UAV) and Autonomous Vehicles (AV).
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