Malaysia to increase location production incentives to attract investors

Finas chief executive officer Prof Dr Md Nasir Ibrahim says Malaysia's participation at the Marche Du Film film market, is important as this will be the benchmark for Malaysia's determination in promoting and selling the country's creative content products internationally. Photo: Bernama

Malaysia is set to increase the value of its location-based incentives from the current 30% to 35%, the government is expected to announce this week in Cannes.

The Film in Malaysia Incentive (FIMI) was launched in 2013, around the time that the Iskandar Malaysia studios were opened in the south of the country, and is administered by the National Film Development Corp (Finas).