New Finas board appointed, says Gobind


Communications and Multimedia Minister Gobind Singh Deo said yesterday the new board of directors of the National Film Development Corp Malaysia (Finas) has been appointed and will be introduced to the public next week.

He said the new line-up consists of, among others, people experienced in finance and corporate restructuring.

“At the same time, we are also appointing a group of advisors consisting of people who are actually involved in the industry, who understand the problems of the industry and will be able to assist us to try to solve current problems,” he told reporters after the launch of the Malaysian Entrepreneurs Festival in Kuala Lumpur yesterday.

Gobind said the group of advisors will also advise on the appointment of Finas’ new DG. “Hopefully, next week, we can have a press conference where we can introduce all of these people to the public,” he said.

Finas is under a probe by the Malaysian Anti-Corruption Commission over several allocations it received in 2017.

Earlier, in his speech, Gobind said the government is pushing for greater participation of small and medium enterprises (SMEs) in the Digital Free Trade Zone (DFTZ), a platform for SMEs to market their products overseas.

He said about 3,300 SMEs have joined the DFTZ platform since it was implemented last year.

Cross-border online business will be the norm and SMEs must quickly jump onto this bandwagon to be part of the digital economy, he said.

He also said the South-East Asian Internet economy is expected to grow from US$50 billion (RM210 billion) to US$250 billion over the next seven years. — Bernama