Creative Industry Players Hail Budget 2015

Last update: 11/10/2014

KUALA LUMPUR, Oct 11 (Bernama) -- Creative industry players have welcomed the Budget 2015 tabled on Friday, saying it would spur the growth of the digital economy.

Tan Choon Sang, Malaysia Country Manager of 3D modelling software producer Autodesk, said the government's RM100 million Digital Content Industry Fund set up under the Communications and Multimedia Commission shows it continues to recognise the creative industry as a strategic growth sector.

"As we step into a new phase of more immersive and engaging content, aspiring Malaysian artists should look at utilising the best design and entertainment tools that allow them to unlock their creativity.

"We look forward to more Malaysian designers moving up the value chain to compete in this truly global industry," he said in a statement.

Chiew Kok Hin, Chief Executive Officer of carrier-neutral data centre AIMS Group, said as more and more digital content is created, the data centre industry should see an increase in demand.

"However, we will need to ensure that the pains of the industry are looked into or we will lose out to more cost-effective countries in the region.

"We hope in the near future, the government will look into reducing or offering special taxes for electricity tariffs as that takes up 40 per cent of our operations cost and makes the industry not as attractive to potential investors," said Chiew, who is also Chairman of the Malaysian Internet Exchange (MyIX).

Meanwhile, both Telekom Malaysia Bhd and Multimedia Development Corporation Bhd have welcomed the government's announcement of an increased allocation for high-speed broadband in Budget 2015, saying it could further scale up access to and drive adoption of this critical digital economy enabler.