What is the story about?
What's Happening?
Belanjawan 2026 has unveiled several initiatives aimed at strengthening the financial security and social protection of gig workers and self-employed individuals. Key measures include the i-Saraan Plus scheme, which helps gig workers build retirement savings, and the doubling of the Syarikat Jaminan Kredit Perumahan (SJKP) guarantee fund to RM20 billion. These efforts are designed to provide safety nets and financial tools traditionally reserved for conventional employees, addressing the evolving nature of work and supporting those without fixed pay slips.
Why It's Important?
The initiatives introduced in Belanjawan 2026 reflect a growing recognition of the gig economy's role in the modern workforce. By providing tailored support to gig workers and the self-employed, the government aims to enhance their financial stability and access to essential services. This approach could lead to increased participation in the gig economy, fostering innovation and flexibility in the labor market. Additionally, the focus on retirement savings and housing guarantees addresses critical needs for these workers, promoting long-term economic security.
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