Sharing economy: What Malaysia needs to do?

WHEN the Institute for Democracy and Economic Affairs (Ideas) Malaysia released the first edition of Timbro Index of Sharing Economy last month, Malaysia’s ranking at 69 out of 213 countries surveyed caught many of us by surprise.

Overall, Malaysia scored below average at 4.4 out of a maximum score of 100. It was pointed out – for example – that Malaysia is doing much better than other countries on facilitating e-hailing services.