Malaysia used the opening day of Hong Kong’s Filmart to make a pitch to international producers: the money for its screen-production incentive isn’t going away.
Malaysia’s National Film Development Corporation (FINAS) told industry attendees that its flagship Film in Malaysia Incentive (FIMI) cash rebate has been extended for another five years, backed by a renewed RM300 million (about $76 million) that has been allocated to the program. The rebate offers local and international productions a 30 percent return on qualifying Malaysian production spend, with an additional 5 percent available subject to a cultural test. The program was first introduced in 2013.
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FINAS also said it has set an additional RM300 million ($76 million) budget for investments in audiovisual infrastructure to be deployed over the same five-year period.
At a Filmart session outlining the agency’s pitch, FINAS CEO Datuk Azmir Saifuddin Mutalib
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