Putrajaya urged to curb monopolies in the gig economy

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The government should review the Competitions Act 2010 and other measures to curb monopolies in the gig economy, said Johor Bahru MP Akmal Nasir.Akmal said he concurred with Permatang Pauh MP Nurul Izzah Anwar who expressed concerns at the state of the gig economy which could see the rise of monopolies such as e-transport giant, Grab."No doubt, these companies have a first-mover advantage but there is also the risk of monopoly and the potential of a major crisis in the future."Therefore, the government should review the Competitions Act 2010 to ensure there is no loophole that can be exploited by big industry players to create a monopoly," he said in a statement.He said the gig economy was still relatively new and therefore required more oversight.In particular, he said Putrajaya needed to ensure workers in the gig economy were adequately protected.He noted that…