7 days ago
Creative economy gets 13MP recognition
PUTRAJAYA: The orange economy is a developing sector that has the potential to contribute to Malaysia's economic growth, says Communications Minister Datuk Fahmi Fadzil ( pic ).
Fahmi, who is also the government spokesman, said the sector, which includes creative industries such as film, music and animation, was included in the 13th Malaysia Plan (13MP) as a result of a proposal and engagement session between the Communications Ministry and the Economy Ministry.
'The engagement process has convinced the Economy Ministry that the orange economy is a developing sector, which has the potential to help economic growth,' he said at a post-Cabinet press conference here yesterday, Bernama reported.
Meanwhile, Fahmi said the details of the specific benefits of the orange economy sector will be known when Budget 2026 is presented this October.
During the tabling of the 13MP in Parliament on Thursday, Prime Minister Datuk Seri Anwar Ibrahim said the government was committed to driving the growth of the creative economy through the high-potential digital creative industry.
According to Anwar, the Matching Fund and Joint Production Fund will be implemented to encourage joint investments between the government and the private sector in the production of world-class content.
'The country's digital creative industry has generated income of RM6.3bil, with an export value of RM850mil,' he said.
