Latest news with #ConcertandEventinMalaysiaIncentives
Barnama
7 days ago
- Business
- Barnama
37 CEMI Applications Received As Of June 12
SANDAKAN, June 16 (Bernama) -- The Concert and Event in Malaysia Incentives (CEMI), a financial rebate initiative introduced by the Communications Ministry through MyCreative Ventures (MyCV) on May 15, has received 37 applications as of June 12, said Deputy Communications Minister Teo Nie Ching. She stated that the government had allocated RM10 million for CEMI to boost the local creative industry through strategic partnerships in concert and event management nationwide. 'I strongly encourage industry players, especially those in Sabah, to take this opportunity and apply for the incentive before the application deadline on July 10, 2025. 'CEMI covers two types of applications for concerts and events featuring international or local artistes. The incentive aims to support the organisation of large-scale concerts and music events for 15,000 people and more,' she told reporters after opening the 'Ask Me Anything' road tour for the 2025 Creative Content Fund (DKK) – Music Industry by MYCV here today. She noted that the growth of the concert industry in Malaysia has generated significant returns for the country, prompting the introduction of the incentive. 'In 2023, a total of 335 international concerts were held in Malaysia, contributing over RM498 million to the national economy. In 2024, this number rose to 408 international concerts, generating RM553 million in returns,' she said. Meanwhile, Teo urged the arts and creative community in Sabah and Sarawak to apply for the DKK provided by the government as part of efforts to develop a competitive and impactful music industry. 'The government has allocated RM6.3 million for DKK. Three DKK programmes are being actively implemented, including the Music Performance Fund, which is open for applications until June 30,' she said, adding the deadline for the International Marketing and Promotion Fund and the Domestic Marketing and Promotion Fund is on Dec 1.
The Sun
7 days ago
- Business
- The Sun
37 CEMI applications received as of June 12
SANDAKAN: The Concert and Event in Malaysia Incentives (CEMI), a financial rebate initiative introduced by the Communications Ministry through MyCreative Ventures (MyCV) on May 15, has received 37 applications as of June 12, said Deputy Communications Minister Teo Nie Ching. She stated that the government had allocated RM10 million for CEMI to boost the local creative industry through strategic partnerships in concert and event management nationwide. 'I strongly encourage industry players, especially those in Sabah, to take this opportunity and apply for the incentive before the application deadline on July 10, 2025. 'CEMI covers two types of applications for concerts and events featuring international or local artistes. The incentive aims to support the organisation of large-scale concerts and music events for 15,000 people and more,' she told reporters after opening the 'Ask Me Anything' road tour for the 2025 Creative Content Fund (DKK) – Music Industry by MYCV here today. She noted that the growth of the concert industry in Malaysia has generated significant returns for the country, prompting the introduction of the incentive. 'In 2023, a total of 335 international concerts were held in Malaysia, contributing over RM498 million to the national economy. In 2024, this number rose to 408 international concerts, generating RM553 million in returns,' she said. Meanwhile, Teo urged the arts and creative community in Sabah and Sarawak to apply for the DKK provided by the government as part of efforts to develop a competitive and impactful music industry. 'The government has allocated RM6.3 million for DKK. Three DKK programmes are being actively implemented, including the Music Performance Fund, which is open for applications until June 30,' she said, adding the deadline for the International Marketing and Promotion Fund and the Domestic Marketing and Promotion Fund is on Dec 1. 'Applications can be submitted via the MyCV portal,' she said. Teo said today's programme is part of an initiative to reach out to the local arts and creative community and encourage them to apply for the DKK. At the event, the Sandakan Creative Arts and Local Musicians Association received RM80,000 under DKK's Music Performance Fund to host the Sandakan Nature City Loud Festival 2025 next month.
The Sun
31-05-2025
- Business
- The Sun
Concert organisers encouraged to apply for CEMI
KULAI: The Communications Ministry encourages concert and large-scale, high-impact event organisers to register with the new Concert and Event in Malaysia Incentives (CEMI) initiative to enjoy financial rebates. Its deputy minister, Teo Nie Ching said this initiative not only applies to the organisation of international concerts and events but also involves local artists in large-scale programmes within the country. According to her, RM10 million is allocated annually and applications have been open from May 15 and ends July 10. 'This programme is managed by MyCreative Ventures (MyCV), with the support of the Communications Ministry, focusing on organising concerts and high-impact events, particularly involving capacities exceeding 15,000 spectators with the participation of local and international artists. This is a new initiative introduced by the government to further invigorate the local arts industry,' she said at a press conference after officiating the Kulai parliamentary level SPM 2024 Excellent Student Contribution Programme at the Kulai Parliamentary District Education Office (PPD) here today. She said that there are several main conditions that organisers must comply with to qualify for the incentive, including having experience in organising large-scale events, with a capacity of 15,000 people within three years from the date of application. 'For financing of international artists, organisers need a minimum of 20 per cent of the total Qualifying Malaysian Concert and Event Spend (QMCES) with at least 30 per cent involvement of Malaysians to qualify for 30 per cent of the actual QMCES expenditure or a maximum of RM1.5 million (whichever is lower). The rebate will be fully disbursed after the project is completed and the final report is approved. 'For financing of local artists, on the other hand, the rebate distribution is the same, but the organisers must spend 70 per cent of the total QMCES in Malaysia to qualify for 30 per cent of the actual QMCES expenditure or a maximum of RM1 million (whichever is lower),' she said. In other developments, Teo, who is also the Kulai Member of Parliament, said a total of 107, 687 fraudulent contents or scams were removed by platform providers at the request of the Malaysian Communications and Multimedia Commission (MCMC) from January to April 15. She said that among the most frequently removed content were online gambling and scams. 'As of April 15, the takedowns carried out by the platform provider at the request of MCMC amounted to 107,687, with the majority being 57,669 related to gambling and 30,427 related to scams,' she also said. Therefore, she added, the public is advised to be more cautious and not easily be deceived by content or advertisements that promise high returns in a short period to avoid becoming victims of fraud.
Barnama
31-05-2025
- Business
- Barnama
Concert Organisers Encouraged To Apply For CEMI
KULAI, May 31 (Bernama) -- The Communications Ministry encourages concert and large-scale, high-impact event organisers to register with the new Concert and Event in Malaysia Incentives (CEMI) initiative to enjoy financial rebates. Its deputy minister, Teo Nie Ching said this initiative not only applies to the organisation of international concerts and events but also involves local artists in large-scale programmes within the country. According to her, RM10 million is allocated annually and applications have been open from May 15 and ends July 10. "This programme is managed by MyCreative Ventures (MyCV), with the support of the Communications Ministry, focusing on organising concerts and high-impact events, particularly involving capacities exceeding 15,000 spectators with the participation of local and international artists. This is a new initiative introduced by the government to further invigorate the local arts industry," she said at a press conference after officiating the Kulai parliamentary level SPM 2024 Excellent Student Contribution Programme at the Kulai Parliamentary District Education Office (PPD) here today. She said that there are several main conditions that organisers must comply with to qualify for the incentive, including having experience in organising large-scale events, with a capacity of 15,000 people within three years from the date of application. "For financing of international artists, organisers need a minimum of 20 per cent of the total Qualifying Malaysian Concert and Event Spend (QMCES) with at least 30 per cent involvement of Malaysians to qualify for 30 per cent of the actual QMCES expenditure or a maximum of RM1.5 million (whichever is lower). The rebate will be fully disbursed after the project is completed and the final report is approved. "For financing of local artists, on the other hand, the rebate distribution is the same, but the organisers must spend 70 per cent of the total QMCES in Malaysia to qualify for 30 per cent of the actual QMCES expenditure or a maximum of RM1 million (whichever is lower)," she said. In other developments, Teo, who is also the Kulai Member of Parliament, said a total of 107, 687 fraudulent contents or scams were removed by platform providers at the request of the Malaysian Communications and Multimedia Commission (MCMC) from January to April 15. She said that among the most frequently removed content were online gambling and scams.
The Star
14-05-2025
- Business
- The Star
New event space sets stage for creative success
PETALING JAYA: Malaysia's creative industry received a fresh boost with the launch of Idea Live Arena, which is expected to serve as a catalyst for regional entertainment, said National Film Development Corporation Malaysia (Finas) chief executive officer Datuk Azmir Saifuddin Mutalib ( pic ). He said the Idea Live Arena, located at the 3 Damansara shopping mall here and with a capacity to accommodate up to 7,000 guests, would not only enhance Malaysia's ability to host large-scale events but also align with the nation's aspirations to position itself as a regional hub for the entertainment and creative industries. 'This venue is fully equipped with the latest facilities and has the potential to become a stage for international-scale concerts and exhibitions,' he said, reported Bernama. The venue was developed by Superstar Arena Holdings Sdn Bhd with an investment of RM40mil, involving structural upgrades, renovations, and the installation of world-class audio, lighting, and visual systems. Azmir said the launch of the venue coincides with the implementation of the new Concert and Event in Malaysia Incentives (CEMI) programme by the Communications Ministry, aimed at attracting more international events to Malaysia while supporting the organisation of local events. 'With the CEMI incentive, we hope that more organisers will bring international concerts and entertainment events to Malaysia, thereby boosting the economy through the tourism, hospitality, and entertainment sectors,' he said. Azmir added that the Idea Live Arena is already almost fully booked until the end of this year, reflecting strong demand for physical concerts and live events.
