coin-img-ETHETH-0.17%coin-img-SOLSOL-0.15%coin-img-BTCBTC+0.35%coin-img-USDCUSDC+0.01%coin-img-XRPXRP+0.56%coin-img-NEARNEAR+9.07%coin-img-DOGEDOGE+1.39%coin-img-SUISUI+5.32%coin-img-ETHETH-0.17%coin-img-SOLSOL-0.15%coin-img-BTCBTC+0.35%coin-img-USDCUSDC+0.01%coin-img-XRPXRP+0.56%coin-img-NEARNEAR+9.07%coin-img-DOGEDOGE+1.39%coin-img-SUISUI+5.32%coin-img-ETHETH-0.17%coin-img-SOLSOL-0.15%coin-img-BTCBTC+0.35%coin-img-USDCUSDC+0.01%coin-img-XRPXRP+0.56%coin-img-NEARNEAR+9.07%coin-img-DOGEDOGE+1.39%coin-img-SUISUI+5.32%coin-img-ETHETH-0.17%coin-img-SOLSOL-0.15%coin-img-BTCBTC+0.35%coin-img-USDCUSDC+0.01%coin-img-XRPXRP+0.56%coin-img-NEARNEAR+9.07%coin-img-DOGEDOGE+1.39%coin-img-SUISUI+5.32%
user-avatar
Malay Mail

Grab plans to lift driver and courier earnings from 2027 without raising passenger fares

AI Market Summary
Malaysia's Budget 2027 outlines a RM160m joint package with Grab to raise gig worker earnings and benefits, including a proposed minimum baseline rate for ride-hailing and delivery, plus subsidies for vehicle maintenance, insurance, and SOCSO contributions. The framework could lift partner retention and service reliability, but also introduces potential margin and regulatory overhead depending on finalized rates, with near-term impact limited as implementation starts in 2027.
Impact level
● Low
Affected assets
NCSKGRAB2USD/USDT+3.23%
AI Insight · NCSKGRAB2USD/USDTAI Insight
● Neutral
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Malaysia’s Prime Minister said in the Budget 2027 tabling that the government and Grab will jointly fund a RM160 million package to raise gig workers’ earnings and welfare, according to Bernama. Grab said it has reached an agreement in principle on a proposed minimum baseline rate for ehailing drivers and phailing delivery partners. The company plans to increase drivers’ and couriers’ income from 2027 without increasing passenger fares.
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
Finance

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.


Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.