Concerts and Events Incentive to Attract International Artistes to Malaysia

Ministry of Communications Allocates RM10 Million Bidding Grant

The implementation of the latest Concerts and Events In Malaysia (CEMI) incentive aims to attract international artistes and bigger events to the country, said Deputy Communications Minister Teo Nie Ching. The incentive is designed to boost the entertainment industry and give a significant impact to the national economy.

Through Budget 2025, the Ministry of Communications has allocated RM10 million as a bidding grant to attract more concerts and events featuring foreign artistes. This move is expected to make Malaysia a more popular destination for international concerts and events.

Highest Potential for Economic Impact

The Deputy Communications Minister highlighted the high potential of the concert industry in terms of its economic impact. “In the view of the ministry, we want to make Malaysia a more popular destination for us to organise concerts or events involving foreign stars… We believe that the concert industry has very high potential because the multiplier effect in the economy is very large,” she said.

Teo also emphasized that the concert industry has contributed significantly to the national economy. Last year, 280 concerts involving foreign artistes were held in Malaysia, and this year, the number has increased to 292 concerts. The total contribution of the concert industry to the national economy for the past two years stands at RM1.47 billion.

Increase in Concert Applications

The Ministry of Communications has received 35 applications to hold concerts of foreign artistes next year, and this number is expected to increase significantly. The Deputy Communications Minister expressed confidence that the concert industry will continue to grow and contribute to the national economy.

Frequently Asked Questions

Q: What is the Concerts and Events In Malaysia (CEMI) incentive?
A: The CEMI incentive is a bidding grant aimed at attracting more concerts and events featuring foreign artistes to Malaysia.

Q: How much has the Ministry of Communications allocated for the CEMI incentive?
A: The Ministry has allocated RM10 million for the CEMI incentive.

Q: What is the expected impact of the CEMI incentive on the national economy?
A: The CEMI incentive is expected to make Malaysia a more popular destination for international concerts and events, thereby boosting the entertainment industry and giving a significant impact to the national economy.

Q: How has the concert industry contributed to the national economy in the past two years?
A: The concert industry has contributed RM1.47 billion to the national economy over the past two years.

Q: How many concert applications has the Ministry of Communications received for next year?
A: The Ministry has received 35 applications to hold concerts of foreign artistes next year, and this number is expected to increase significantly.