Budget 2022: RM188mil boost for creative industry

PETALING JAYA: RM188mil has been allocated for the creative industry under Budget 2022.

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said agencies such as the National Film Development Corporation Malaysia (Finas), Cultural Economy Development Agency (Cendana) and MyCreative Ventures will further invigorate existing initiatives such as the digital content grant, multimedia digital content and film incentives.

He also added that the government is looking into showcasing local animation globally.

"Titles such as Upin & Ipin, Ejen Ali and BoBoiBoy are not only popular in Malaysia but also around South-East Asia.

"To market more local animation titles globally, the government has allocated RM30mil through a Matching Investment Loan Scheme for the National Animation Platform initiative which will be under MyCreative Ventures," he said.