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

Logo
live-news-icon

Live News

Cozy Cooking Platformer Magical Delicacy Releases in Summer 2024: In an intense match, the Lone Wolves came out victorious. Read all about the big night here // Street Fighter 6 Season 2 Balance Update Video Showcases New Wakeup Options & New Buffs: In an intense match, the Lone Wolves came out victorious. Read all about the big night here // The International Tabletop Day Malaysia 2024 Event Is Happening In KL Next Month: In an intense match, the Lone Wolves came out victorious. Read all about the big night here
post-16 post-13

Budget 2024 To Bolster Malaysia’s Digital Economy & Industries

Malaysia Digital Economy Corporation (MDEC) has announced that they welcome the mandate by the Minister Of Communications And Digital, YB Fahmi Fadzil, on the Budget 2024 announcement themed ‘Economic Reform, Empowering People’ in line with MDEC’s mission for a more inclusive, equitable, and sustainable growth of the digital economy.

The Malaysian games industry has grown with the presence of industry giants like Sony Playstation, Larian Studios, Codemasters Studios, and Bandai Namco. The initial allocation of RM20 million for pioneering research and development of artificial intelligence (AI) at the University of Technology Malaysia (UTM) marks a promising stride towards nurturing talent for AI development and digital content production.

On incentives, the RM30 million allocation serves as a catalyst for global game developers based in Malaysia, encouraging the creation of new local intellectual properties (IPs). An additional RM60 million has been allocated to the Digital Content Fund, dedicated to promoting local IPs that celebrate Malaysian culture and content.

In addition, the RM165 million allocation will bolster MSMEs through initiatives such as digital grants, the Shop Malaysia Online programme for online businesses, and the expansion of Digital Economic Centers (PEDi) across all state assemblies. This allocation aligns with MDEC’s overarching goal of enhancing competitiveness through automation and digitisation, catalysing business growth.

In line with the recently unveiled New Industrial Master Plan 2030 (NIMP 2030), Budget 2024 introduces comprehensive measures to support targeted startups, MSMEs, and entrepreneurs on their digitalisation journey. This includes enhancing ongoing efforts with financing tools, matching grants, funding support, capability development, and mentoring programmes to accelerate digital adoption.

These strategic enhancements, complemented by the supportive framework of NIMP 2030, featuring tax incentives for ‘high growth, high value’ companies and streamlined funding mechanisms for international investors in the manufacturing and electrical and electronic sectors, will lead to a surge in career opportunities within the digital economy.

Related News

post-07
New Signings Prove to Be Good Omens for Dallas Fuel & LA Gladiators

Stage 2 of the Overwatch League kicked off earlier today with new set of maps, a brand new meta as well as successful debuts for three high-profile pl...

post-07
Hideo Kojima Announces Physint, New Action Espionage Game Coming After Death Stranding 2

During the PlayStation State Of Play January 2024 live stream, Head of PlayStation Studios Hermen Hulst, and founder of Kojima Productions Hideo Kojim...

post-07
Apex Legends Season 7 Trailer Showcases Horizon In Action

With Apex Legends Season 7 - Ascension launching this week on 4 November 2020, players get a new look at new Legend Horizon in action. Once ...

Write a comment

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

Comment(1)

  1. Just Keep SWIM-ming Towards These Awesome SEA Indie Game Demos | Kakuchopurei

    October 20, 2023 at 12:21 pm

    […] gaming scene, do check out our Level Up 2023 retrospective video. With efforts like this and the recent Malaysia Budget 2024 allocation for game development, the future is looking […]

Tournament Tool Kit

Kakuchopurei Community

Popular Posts

post-17
V Rising Everything You Need To Know About Stygian Shards
post-17
Summer Of Gaming 2024 Schedule: Video Game Live Streams & Showcases
post-17
Vampire Survivors: Operation Guns Contra DLC – All New Evolutions & Unlocks
post-17
Vampire Survivors: The Best Builds For Each Stage
post-17
Hades 2 Guide: All Incantations And Effects At Hecate’s Cauldron
post-17
Hades 2: All Boons List & The Best Ones
post-17
Eiyuden Chronicle: Hundred Heroes – 11 Tips To Get Ahead In This JRPG
post-17
Eiyuden Chronicle: Hundred Heroes Review – Rally Forth
post-17
Final Fantasy VII Rebirth Queen’s Blood Guide: The Best Cards & Decks
post-17
Introducing The Kakuchopurei YouTube Membership Program!
post-17
Palworld: All The Guides You Need For 2024’s Surprise Survival Game Hit
post-17
Prince Of Persia: The Lost Crown Walkthrough & Guide
post-17
Delicious In Dungeon Starts The New Year Tastefully
post-17
The Games Of 2024: Our Picks & Highlights
post-17
Main Game: How To Watch Malaysia’s Best Video Game Show Created By Kakuchopurei & RTM
post-17
Marvel’s What If…? Crew Explains Why They Went 3D Over 2D & A Scrapped Episode That Was Too Close To GOTG 3
post-17
Hawkeye Episode 6 Finale Easter Eggs & Breakdown
post-17
We Talk To Hayden Christensen About Star Wars, Sequels, & Prequels
post-17
Sea Of Stars Might Get DLC Post-Launch
post-17
The Book Of Boba Fett Episode 7 Breakdown & Easter Eggs Explained