Latest news with #MyCreativeVentures
The Sun
7 days ago
- 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
7 days ago
- 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 Sun
14-05-2025
- Business
- The Sun
Applications for CEMI to open from May 15 to July 10
PUTRAJAYA: Applications for the Concert and Event in Malaysia Incentive (CEMI), administered by MyCreative Ventures, will officially open tomorrow and run until July 10, Communications Minister Datuk Fahmi Fadzil announced today. Speaking at his weekly press conference, Fahmi said the incentive is designed to accelerate the growth and development of Malaysia's creative industry while positioning the country as a destination for high-quality, international-standard events. 'This initiative has the potential to generate job opportunities, increase tourist arrivals, and bring about a significant economic impact for the nation,' he said. Fahmi said CEMI provides financial incentives to eligible event organisers who meet a set of predefined criteria. 'The criteria include the scale of the event, expected economic and tourism impact, local content involvement, and compliance with programme guidelines,' he said. More information, including detailed application guidelines and eligibility requirements, will be available on the official CEMI webpage at accessible from midnight tonight.
New Straits Times
14-05-2025
- Business
- New Straits Times
Applications open tomorrow for new concert and event incentive programme
PUTRAJAYA: Starting tomorrow, concert and event organisers can apply for a new initiative aimed at enhancing Malaysia's concert and events sector. Communications Minister Datuk Fahmi Fadzil announced today that applications for the Concerts and Events Malaysia Incentive (CEMI) programme will be open from tomorrow until July 10. The initiative is part of a broader effort to attract high-profile international events to Malaysia. "This initiative has the potential to generate job opportunities, increase tourism, and contribute significantly to the national economy. "Under CEMI, financial incentives will be offered to event organisers who meet the set eligibility criteria. These criteria include the event's scale, its projected economic impact and tourism boost, involvement of local content, and adherence to the programme's guidelines," he said during the Communication Ministry's weekly press conference here today. CEMI is an initiative under the ministry's agency MyCreative Ventures.
New Straits Times
14-05-2025
- Business
- New Straits Times
Fahmi announces incentive to attract global concerts, spur tourism
PUTRAJAYA: Starting tomorrow, concert and event organisers can apply for a new initiative aimed at enhancing Malaysia's concert and events sector. Communications Minister Fahmi Fadzil announced the launch of the Concerts and Events Malaysia Incentive (CEMI), a programme designed to attract world-class international events to the country. Fahmi said applications would be opened until July 10. "This initiative has the potential to generate job opportunities, increase tourism, and contribute significantly to the national economy. "Under CEMI, financial incentives will be offered to event organisers who meet the set eligibility criteria. These criteria include the event's scale, its projected economic impact and tourism boost, involvement of local content, and adherence to the programme's guidelines," he said during the Communication Ministry's weekly press conference here today. CEMI is an initiative under the ministry's agency MyCreative Ventures.
