PUTRAJAYA (June 7): Malaysia has proposed to Japan that the Memorandum of Cooperation (MoC) on Information and Communications between the two countries be renewed by expanding the scope of cooperation, including in filmmaking and creative industry.
The 30% cash rebate offered through the Film In Malaysia Incentive (FIMI) and an additional up to 5% cultural test rebate will attract more foreign production companies to shoot their films in Malaysia. The National Film Development Corporation Malaysia (FINAS) chief executive officer Prof Dr Md Nasir Ibrahim said this advantage needed to be highlighted to attract foreign industry players as the rebates were the highest rate being offered compared to other countries.