E-hailing sector needs flexibility to survive oil price shock

WITH the Strait of Hormuz effectively closed and Brent crude holding north of US$100 a barrel, skyrocketing fuel prices are crushing our trade-reliant economy. The government has made some rational choices to address the situation, like capping the general public’s fuel quota at 200 litres and carving out a generous 800-litre Budi95 lifeline for e-hailing drivers.

It is inevitable that the conflict in the Middle East will slow the broader economy and Malaysians will be, if they aren’t already, feeling the pinch. These days, when households face a sudden financial squeeze, they hurriedly look to the gig economy for immediate side income.