Creative industry contributed RM29.4b to GDP in 2019, says deputy minister | Malay Mail

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Creative industry contributed RM29.4b to GDP in 2019, says deputy minister

KUALA LUMPUR, Oct 4 — The creative industry contributed 1.9 per cent or RM29.4 billion to the Gross Domestic Product in 2019 according to a report by the Department of Statistics Malaysia, the Dewan Negara was told today.

He said agencies such as the National Film Development Corporation Malaysia , MyCreative Ventures and the Cultural Economic Development Agency were actively implementing various programmes in the form of financing facilities, capacity building, access and promotions. “Finas also provides a Screening Incentive Package under the Compulsory Screening Scheme which serves to stimulate the growth of the distribution and exhibition sector through encouragement for local films via the scheme,” he said during the question-and-answer session.

Apart from that, he said MyCreative Ventures and Cendana through programmes such as Creative Industry Business Revival Loan, Craft Industry Choice Programme, Visual Arts Showcase Funding Programme, Independent Music Funding Programme and others also strengthened the economy of performing arts, visual arts and crafts.

 

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How was that when we keep buying foreign programs for billions?

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