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KKMM agrees to improve FIMI incentives

16 Apr 2021 / 07:12 H. Pix for representational purpose only. KUALA LUMPUR: The Ministry of Communications and Multimedia (KKMM) has agreed to improve the implementation of the Film In Malaysia Incentive (FIMI), which came into effect on April 9, as proposed by the National Film Development Corporation Malaysia (Finas). Finas, in a statement, announced that the improvement covered the domestic sector, namely, changing the three Qualifying Malaysian Production Expenditure (QMPE) categories to just one, whereby a minimum expenditure of RM1 million is eligible for a 30 per cent cash rebate. “Secondly, the reduction of post-production QMPE from RM500,000 to RM250,000 for each project will be eligible for a 30 per cent cash rebate and an additional rebate (cultural test) for production of genres portraying nationalism and patriotism,” it said in a statement tonight.

KKMM agrees to improve FIMI incentives - Finas (Updated)

16 Apr 2021 / 07:12 H. Pix for representational purpose only. KUALA LUMPUR: The Ministry of Communications and Multimedia (KKMM) has agreed to improve the implementation of the Film In Malaysia Incentive (FIMI), which came into effect on April 9, as proposed by the National Film Development Corporation Malaysia (Finas). Finas, in a statement, announced that the improvement covered the domestic sector, namely, changing the three Qualifying Malaysian Production Expenditure (QMPE) categories to just one, whereby a minimum expenditure of RM1 million is eligible for a 30 per cent cash rebate. “Secondly, the reduction of post-production QMPE from RM500,000 to RM250,000 for each project will be eligible for a 30 per cent cash rebate and an additional rebate (cultural test) for production of genres portraying nationalism and patriotism,” it said in a statement tonight.

Finas plans to hold virtual townhall session with creative industry players

KUALA LUMPUR (Feb 10): The National Film Development Corporation (Finas) is planning to hold a virtual townhall session with creative industry players to discuss improvements to realise a common agenda in internationalising the local creative industry. Deputy chairman Datuk Norman Abdul Halim said Finas is always open in accepting suggestions and views which need to be conveyed through the right channels. “Finas also does not neglect the welfare of local creative industry players. We have implemented the Finas Prihatin programme, launched the People s Housing Programme (PPR) Komuniti Seni Prihatin and the screening incentive. It will benefit the local creative industry players in facing the Covid-19 pandemic challenges, he said in a statement today.

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