no img no img

Write what you are looking for and press enter to begin your search!

Logo
live-news-icon

Live News

Captain America Brave New World: Five Things To Know If You're Not Keeping Up With The MCU: In an intense match, the Lone Wolves came out victorious. Read all about the big night here // A New PlayStation State Of Play Is Happening This Thursday: In an intense match, the Lone Wolves came out victorious. Read all about the big night here // India-Made Mystery Adventure Game Detective Dotson Demo Is Out Now On Steam: In an intense match, the Lone Wolves came out victorious. Read all about the big night here
post-16 post-13

Malaysia’s Budget 2023 Has RM13 Million Reserved For Esports

The Malaysian government has unveiled a smaller budget for 2023 and has warned of an economic slowdown. At the same time, it’s announcing cash aid, tax cuts, and some money reserved for esports and film ecosystem.

So how much is reserved for Malaysia’s esports scene? According to the live report (via New Straits Times) it’s RM13 million. For film and creative arts, Malaysia’s budget for this will be RM50 million. The latter was given an increase due to the success of big budget high-school level production Malaysian Independence film Mat Kilau.

 

The allocation for esports is part of the total RM332M which has been allocated for training and development of sports facilities. The exact text of the speech are as follows;

  • RM145M to refurbish and upgrade existing sports related facilities nationwide
  • RM154M for the development of the sports ecosystem
  • RM20M for the establishment and development of youths in drag racing; and
  • RM13M for the development of esports-related activities.

 

 

 

About Past Esports Budget Allocation In Malaysia

While it’s nice that there’s some money reserved for esports despite trying times, many are still wary about this. While there were some success stories like the recent victory of Malaysia’s all-female Dota 2 team in the Commonwealth Sports, there were also failures like the initial efforts to send Malaysian Overwatch players to the Overwatch World Cup 2019. It’ll be interesting to see if the RM13 million for esports will actually see merit use or not.

Then again, we’re not sure why the government chooses to allocate RM20 million for drag strips in the sports field.

In a statement, Yoodo head Chow Tuck Mun said:

“The esports industry is booming and more people are getting involved in the ecosystem directly, creating multiple job opportunities. It’s becoming a career option for youths today and is fast gaining recognition worldwide. It has also made its way into Asian Games and SEA Games demonstrating its growing popularity.

We are glad that esports has received an allocation in the recent Budget 2023 announcement, allowing us to continue developing the industry and propel Malaysia to continue its journey towards becoming an esports hub for the region.”

Yoodo is one of the foremost players in esports, and has effectively branded itself as “the go-to telco” for gamers, intrinsically tying the brand to an array of different games, gaming activities and communities. Yoodo has emerged as a recognised brand within the gaming sphere, and is the most popular telco in esports, dominating two of the most popular mobile games – PUBG Mobile and Mobile Legends.

Related News

post-07
Jujutsu Kaisen Exhibition Expands its Domain in KL this August

With the Jujutsu Kaisen Experience ending soon in Pavilion Bukit Jalil this 27 July, fans can look forward to the Jujutsu Kaisen Exhibition taking pla...

post-07
Experience Division 2's World In Mobile AR Form Now

Ubisoft has announced a mobile AR companion app for its upcoming game, The Division 2. Developed in partnership with DDB Paris and Make Me Pulse, The ...

post-07
EA Officially Announces UFC 5

EA has announced UFC 5, the next entry in the fighting game franchise based on the real-life MMA series. No other details were revealed, but EA pro...

Write a comment

Your email address will not be published. Required fields are marked *

Tournament Tool Kit

Latest Video

Follow Us

Recent Posts

post-17
Street Fighter 6 World Tour Guide: How To Find Mai Shiranui
post-17
SNK Did Mai Shiranui’s Definitive Theme Justice In Fatal Fury: City of the Wolves
post-17
Daredevil Born Again Trailer Breakdown: Kingpin, Muse, White Tiger & More
post-17
Honkai Star Rail 3.0 The Herta Guide
post-17
Our Most Anticipated Games Of 2025
post-17
Kakuchopurei’s Southeast Asia Game Awards & Appreciation 2024
post-17
The Best 40 Games Of 2024
post-17
Must-Watch Animes This Winter: 2025 Season
post-17
Heroes We Need To Come To Marvel Rivals
post-17
[Updated] Comic Fiesta 2024: What You Need To Know
post-17
Marvel Rivals: The Best Heroes To Counter Iron Fist
post-17
Marvel Rivals: The Best Heroes To Counter Jeff The Land Shark
post-17
Path Of Exile 2 Early Access: All Uniques In The Game So Far
post-17
Infinity Nikki: All Dungeons & Boss Guides & Walkthroughs
post-17
Path of Exile 2 Early Access: All Ascendancy Nodes Revealed
post-17
Indiana Jones And The Great Circle: PC Specs & Southeast Asia Launch Times Revealed
post-17
Infinity Nikki Gacha & Monetization Explained
post-17
S.T.A.L.K.E.R. 2: Heart of Chornobyl – How To Increase Carry Weight?
post-17
These Are The Finalist Games For Apple’s App Store Awards
post-17
The Best Black Friday & Cyber Monday Deals To Get: Gaming & Hardware Edition
post-17
Captain America Brave New World: Five Things To Know If You’re Not Keeping Up With The MCU
post-17
A New PlayStation State Of Play Is Happening This Thursday
post-17
India-Made Mystery Adventure Game Detective Dotson Demo Is Out Now On Steam
post-17
Stellar Blade Devs Bet Big on PC, Expect It to Outsell PS5
post-17
Happy Valentine’s Day: The Best Couples In Gaming
post-17
Assassin’s Creed Shadows Won’t Punish You For Your Protagonist Pick
post-17
The Witcher Sirens Of The Deep Review: OG Geralt Voice Actor Is The Best Thing About This Little Mermaid Ripoff
post-17
Big Helmet Heroes Review: 2025’s Castle Crashers?
post-17
Avowed PS5 Port? Director’s Reaction Fuels Speculation
post-17
Virtua Fighter 5 R.E.V.O. Review: Punching Above Its Weight (But Not Quite Enough)