{
  "id": 13070821,
  "title": "Budget 2027: Anwar announces RM160m joint package with Grab, matching incentives for Socso and EPF contributions",
  "url": "https://urgent.news/2026/10/09/budget-2027-anwar-announces-rm160m-joint-package-with-grab-matching",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-09T08:26:40.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail",
    "url": "https://www.malaymail.com/news/malaysia/2026/10/09/budget-2027anwar-announces-rm160m-joint-package-with-grab-matching-incentives-for-socso-and-epf-contributions/238426"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "KUALA LUMPUR, Oct 9 — The government and e-hailing platform Grab will jointly fund a RM160 million financial packa...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Malay Mail",
        "title": "Budget 2027: Anwar announces RM160m joint package with Grab, matching incentives for Socso and EPF contributions",
        "url": "https://urgent.news/2026/10/09/budget-2027-anwar-announces-rm160m-joint-package-with-grab-matching-13073024",
        "published": "2026-10-09T08:26:40.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "2027 Budget: Anwar credits unity for F1 success, Asian Games achievement",
        "url": "https://urgent.news/2026/10/09/2027-budget-anwar-credits-unity-for-f1-success-asian-games-achievement",
        "published": "2026-10-09T08:38:31.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}