Malaysia's Budget 2010 ICT Related Summary

  1. Intensifying Research, Development and Commercialisation

    • Establishing a National Innovation Centre supported by a network of innovation excellence centres under the Ministry of Science, Technology and Innovation and in collaboration with the Ministry of Higher Education.

    • Integrating R & D activities with patents, copyrights and trademarks registration to ensure R&D&C processes are implemented more effectively. The cooperation between patent and research agencies will expedite the commercialisation of research findings;

    • Providing small and medium enterprises with tax deduction on expenses incurred in the registration of patents and trademarks in the country.

  2. Leveraging Fully On Niche Areas

    • To focus on niche areas with potential and move up the value chain as well as generate higher returns.

  3. Strengthening ICT Industry

    • Expedite the implementation of High Speed Broadband (HSBB) at a total cost of RM 11.3 billion, of which RM 2.4 billion is from the government and RM 8.9 billion is from Telekom Malaysia. By end of March 2010, selected areas will in K.L and Selangor will benefit from the speed of 10 Mbps, these services will be extended to other selected areas nationwide between 2010 and 2012.

    • Tax relief on broadband subscription fee up to RM 500 a year from 2010 to 2012.

    • Civil servants can now apply for computer loans (up to maximum of RM 5,000) once in every 3 years.

  4. Strengthening Small And Medium Enterprises

    • Funds and grants totalling RM 8.8 billion will be coordinated by SME Corp.

    • RM 350 million, of which RM 200 million is for SME soft loans, RM 100 million for capacity enhancement, while the balance is for branding and promotion. The interest rate on soft loans offered by SME Corp will be similar to rates offered by development finance institutions.

    • Financial institutions to approve micro financing at an average of 6 days and disbursements at an average of 4 days.

  5. Promoting Creative Industry

    • RM 200 million Creative Industry Fund to finance activities such as film and drama productions, music, animation, advertisements and local content development.

  6. Safeguarding Welfare of Students

    • Offer a netbook package, including free broadband service, to university students for RM 50 per month for 2 years.

Check out details and attachment.

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