logo
Ministry boosts allocation for Esports Fund by RM500,000

Ministry boosts allocation for Esports Fund by RM500,000

PUTRAJAYA: The Youth and Sports Ministry, via Esports Integrated (ESI), is now accepting applications for the ministry's Esports Fund (DEK).
Allocations for the fund, which is in its third year now, has been increased to RM1.5 million this year, an increase of RM500,000 from last year.
The fund aims to support the expansion of Malaysia's esports ecosystem by providing financial backing for grassroots initiatives.
This includes the organisation of tournaments, talent development, digital content production and community-based programmes. Since its inception in 2023, the DEK has supported more than 80 initiatives nationwide.
Deputy Youth and Sports Minister Adam Adli Abdul Halim described the fund as a symbol of the government's confidence in the esports sector and its potential to contribute to national development.
"DEK is not merely a financial aid mechanism — it reflects our commitment to building a progressive, inclusive and competitive esports ecosystem," he said in a statement today (June 4).
"It aligns with our aim to democratise sports, including esports, through a whole-of-nation approach. We want to ensure that all industry players have the opportunity to contribute meaningfully to the growth of this sector."
The initiative is open to a wide spectrum of applicants, including community-based clubs, youth organisations, educational institutions, local event organisers and digital content creators.
To assist applicants, ESI will hold a series of engagement sessions offering guidance on proposal writing and funding requirements.
These sessions will also include question-and-answer segments and are open to all relevant stakeholders. Dates and venues for the sessions will be announced in the coming weeks.
Applications for DEK must be submitted online between June 4-July 31, with successful applicants to be announced on Aug 28. All funded programmes must be implemented between September and November this year.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Samenta heartened by Inland Revenue Board's latest measures on e-invoicing
Samenta heartened by Inland Revenue Board's latest measures on e-invoicing

The Sun

time5 hours ago

  • The Sun

Samenta heartened by Inland Revenue Board's latest measures on e-invoicing

PETALING JAYA: The Inland Revenue Board's (IRB) decision to exempt micro enterprises from e-invoicing and to give small and medium enterprises more time to comply with the mandate is a positive step that will help ease the current difficulties faced by businesses in the country. The Small and Medium Enterprises Association of Malaysia (Samenta) stated that IRB's exemptions are not only timely but also reflect an understanding of the real challenges faced by small businesses on the ground. 'We have provided input on both issues, and we are grateful that the government has shown genuine care and support for our most vulnerable enterprises,' Samenta national president Datuk William Ng said. 'We are especially heartened by the government's decisive move to permanently exempt businesses earning less than RM500,000 annually from the e-invoicing mandate. 'This exemption spares our smallest traders, hawkers and family-run shops, many operating without digital infrastructure, from compliance burdens that could have forced them to shut down or operate informally,' he added. Ng said the postponement of e-invoicing requirements until Jan 1, 2026, for businesses earning below RM5 million a year provides SMEs with much-needed time to prepare, strengthen their skills and adjust to new demands. This flexibility is essential for SMEs to survive and grow in today's changing economic environment, he added. On Thursday, IRB announced that the e-invoicing implementation for taxpayers with annual income or sales between RM1 million and RM5 million is postponed to Jan 1, 2026, while those below RM500,000 are exempted, and the deadline for those up to RM1 million is extended to July 1, 2026. The board also set a new e-invoicing implementation timeline: Phase 3 for taxpayers with annual income or sales between RM5 million and RM25 million starts on July 1, 2025; Phase 4 for those earning RM1 million to RM5 million begins on Jan 1, 2026; and Phase 5 for taxpayers with income up to RM1 million will commence on July 1, 2026. On the government's decision to postpone the permit requirement for the use of subsidised liquefied petroleum gas, Ng said: 'In response to the concerns of our street-level food operators, the temporary waiver of liquefied petroleum gas permit requirements will go a long way in safeguarding the daily livelihoods of thousands of families and small traders. It may be a small administrative change, but it carries significant implications for business continuity and the cost of living.' Without these timely measures, he said, Malaysia could have faced the potential collapse of thousands of small businesses, particularly those in the micro and informal sectors. Ng pointed out that the government's proactive stance has averted what could have become a national micro-business crisis. 'More importantly, these decisions send a clear message that the government sees SMEs as a central pillar of our economy and is responsive and willing to amend policies based on feedback from the ground,' he said, adding that Malaysia is a country where small businesses are treated with respect and understanding.

CPO Futures End Lower On Rising Output Concerns
CPO Futures End Lower On Rising Output Concerns

Barnama

time5 hours ago

  • Barnama

CPO Futures End Lower On Rising Output Concerns

By Durratul Ain Ahmad Fuad KUALA LUMPUR, June 5 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower today due to concerns over rising production, according to palm oil trader David Ng. He said weaker soybean oil prices on the Chicago Board of Trade during Asian trading hours also weighed on market sentiment. 'The rising production is mainly due to seasonality. We see prices supported at RM3,800 per tonne and resistance at RM4,000 per tonne,' he told Bernama. At the close, the spot-month June 2025 and July 2025 contracts dropped RM42 each to RM3,904 per tonne and RM3,923 per tonne, respectively. August 2025 fell RM45 to RM3,903 per tonne, September 2025 and October 2025 declined RM47 each to RM3,890 per tonne and RM3,886 per tonne respectively, and November 2025 reduced RM40 to RM3,891 per tonne. Trading volume improved to 64,761 lots from 59,422 lots yesterday, while open interest edged up to 245,562 contracts from 245,345 contracts previously. The physical CPO price for June South decreased by RM50 to RM3,950 per tonne. -- BERNAMA

Engineer loses over RM1.5m to online investment scam
Engineer loses over RM1.5m to online investment scam

The Sun

time6 hours ago

  • The Sun

Engineer loses over RM1.5m to online investment scam

BUKIT MERTAJAM: An engineer working in the Middle East lost over RM1.5 million to an online investment scam recently. Penang police chief Datuk Hamzah Ahmad sad the victim, 40, lodged a report with the Central Seberang Perai district police headquarters commercial crimes investigation division yesterday. 'In November last year the man got to know a woman through the phone and had a relationship before the woman invited him to join an investment scheme called Menurut mangsa, pada November tahun lepas lelaki tersebut telah berkenalan dengan seorang wanita melalui teGoldenCrimson that offered handsome returns. 'The man was interested to invest and was given a customer service number and a website link to register, and he invested RM90,510 and received returns of RM108,611,' he said in a statement tonight. The man grew confident in the scheme and made 103 transactions to 31 different accounts totalling RM1,532,563 from Dec 2 to March 8, and realised he was scammed when he failed to withdraw RM4,131,671 through the app but was asked instead to provide additional capital to be able to withdraw his profits. The case is being investigated under Section 420 of the Penal Code.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store