Budget 2027: Anwar announces RM160m joint package with Grab, matching incentives for Socso and EPF contributions
KUALA LUMPUR, Oct 9 — The government and e-hailing platform Grab will jointly fund a RM160 million financial packa...
Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim announced a RM160 million joint financial package with Grab, the e-hailing platform, in Budget 2027. The package aims to boost the net earnings and welfare of e-hailing and p-hailing workers. This includes raising the minimum income for e-hailing drivers to a median of RM227 a month and for p-hailing riders to a median of RM100 a month.
Additionally, the government will match 35% of Socso incentives for these workers, increasing to 50% if the platforms contribute more. The government will also offer 70% matching incentives for 200 self-employed individuals in 17 non-mandatory sectors. Furthermore, the Employees Provident Fund (EPF) will provide matching contributions up to RM600 annually for life to encourage retirement savings among e-hailing and p-hailing drivers.
To support gig workers' business ventures and home purchases, BSN and Agrobank will allocate RM270 million.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
