Gig economy taking off but labour observers flag insurance and CPF concerns
Key issues include workplace insurance and retirement savings
Singapore
THE gig economy may be taking off, but labour and economy experts here are more concerned about traditional self-employed workers, such as private tutors and taxi drivers.
Unemployment and lower wages are not the main issues for the freelancers tapping digital apps and platforms for work, said industry watchers. They cited instead old bugbears such as patchy insurance coverage.
"Freelance work in the gig economy can be quite risky, and as such, for the most part, particular groups of individuals might be drawn to it," National U…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Asean
Vietnam holds first gold auction in 11 years to stabilise market
Thailand to replace military-appointed Senate, reduce its powers
Thailand’s 500 billion baht stimulus project gets Cabinet approval
Malaysia to build region’s largest chip design park in bid for top startup-hub status
Pundits divided on Bank Indonesia’s next move as rupiah hovers at multi-year low
Malaysia’s Sapura Energy to sell stake in SapuraOMV to TotalEnergies for US$705 million