Budget 2027: E-Hailing Drivers’ Median Monthly Earning To Rise By RM227

In the recent Budget 2027 announcement, Prime Minister Anwar Ibrahim revealed that the median net income of e-hailing drivers will increase by RM227 starting next year. This is part of a RM160 million package from the government and Grab, aimed at supporting gig economy workers. On top of this, Grab drivers can also anticipate a rise in monthly earnings by RM100. The Gig Consultative Council is working to determine the minimum income rates for gig workers, which are expected to be finalized in early 2027.

Apart from the increased income, the package will also cover vehicle maintenance, insurance, and Socso/Perkeso contributions for gig drivers. Anwar stated that the government will offer a matching contribution of 35% for Perkeso contributions made by gig workers, which can go up to 50% if platform companies contribute as well.

To encourage retirement savings, Anwar also mentioned a 35% matching contribution incentive for EPF/KWSP contributions, capped at RM600 annually, with a lifetime cap of RM6,000. Bank Simpanan Nasional and Agrobank will provide a RM270 million fund to help gig workers start businesses and buy their first home.

The Prime Minister shared that over 600,000 Malaysians earn their living as e-hailing or p-hailing drivers. While they will benefit from the fund, they are not the only ones to receive assistance. Over 200,000 self-employed workers across 17 sectors, who do not have mandatory contributions, will also get a 70% matching Perkeso contribution incentive from the government.