Malaysia’s Gig Workers Bill, Yellen’s Recession Warning, and Xi’s Economic Headwinds

AGN Evening News spotlights Malaysia’s new push for gig workers’ rights, US recession warnings amid Trump’s tariffs, and China’s mounting economic pressures.

Malaysia:
Prime Minister Anwar Ibrahim confirmed that the Gig Workers Bill will be tabled in the next Parliament session, aiming to secure legal protections and welfare for the nation’s gig economy workforce. Human Resources Minister Steven Sim added that new One-Stop Worker Service Centres will be piloted soon to streamline labour-related services.

International:
Former Fed chair Janet Yellen has warned that Trump’s aggressive tariff strategy is escalating recession risks for the US. The country’s economy shrank by 0.3% in Q1, its weakest showing in three years, as businesses and consumers feel the squeeze.

Asia:
While Xi Jinping projects confidence against Trump’s tariff hikes, China’s economy faces deeper challenges including a collapsed housing market, youth unemployment, and pension sustainability concerns. Experts say that while China is pivoting toward advanced tech and new export markets, internal reforms are crucial for long-term resilience.

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