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KUALA LUMPUR, Oct 7 (Bernama) — The federal government has allotted over RM100 million to drive the native inventive trade subsequent 12 months by way of the Nationhood Movie Manufacturing Fund (DEKAN) and the Digital Content material Fund.
Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz when tabling the Provide Invoice 2023 within the Dewan Rakyat right this moment mentioned the federal government had allotted RM50 million for DEKAN and RM102 million for the Digital Content material Fund.
“The federal government gives a Digital Content material Fund to market the merchandise of artists and encourage the manufacturing of extra inventive and contemporary works,” he mentioned.
To help trade gamers producing inventive content material, he mentioned contributions to the Movie Neighborhood and Nationhood Movie Improvement Fund below the Nationwide Movie Improvement Company of Malaysia (Finas) would be given tax deductions.
“The federal government has additionally agreed to exempt import obligation and gross sales tax on studio gear and filming productions,” he mentioned.
Tengku Zafrul mentioned the federal government would step up efforts to advertise and protect artwork, tradition and heritage on the grassroots degree with an allocation of RM25 million.
Within the meantime, he knowledgeable that the federal government would implement three initiatives to encourage the manufacturing and buy of native items and providers subsequent 12 months.
The primary initiative is to accentuate digitalisation and automation efforts, together with by way of the promotion of e-commerce actions below the Malaysia Exterior Commerce Improvement Company (MATRADE), Majlis Amanah Rakyat (MARA) and the Malaysia Digital Financial system Company (MDEC).
Tengku Zafrul mentioned as much as RM15 million can be allotted to empower franchise entrepreneurs below the seller capability improvement programme 2.0 in addition to vendor analysis and commercialisation grants 2.0.
As well as, he mentioned the federal government would offer RM10 million to encourage the acquisition of regionally made merchandise by way of the Purchase Malaysian Made Merchandise Marketing campaign.
— BERNAMA
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