Industry players warn that the reduced allocation for film production incentives could hinder local and international projects, affecting Malaysia’s competitiveness as a filming hub
The present board of the National Film Development Corporation (Finas) wants to ensure that by the time their two-year term comes to an end, the local creative industry is at least on its way to fulfilling its full potential.
A total of 73.13% of companies involved in film and drama production are unaware of the requirement to obtain a public entertainment licence before employing child and young actors, according to the Statistics Department.
Workers in the film sector, including freelancers, will receive Social Security Organisation (Socso) protection that will also include pension benefits, Communications Minister Fahmi Fadzil said.
The Olympic Council of Malaysia (OCM) are ready to hold further talks with the Youth and Sports Ministry to establish an allocation to empower filmmakers in creating compelling movies centred around the country’s sports arena.
The Energy Commission has set a new average base tariff of 45.40 sen/kWh for RP4, slightly lower than before, bringing overall electricity costs down by up to 19% compared to the previous regulatory period
