Orange economy has potential to power growth of Malaysia’s creative sector, says Fahmi
KUALA LUMPUR, Oct 8 — The creative economy sector, which contributes about 6.8 per cent to the Gross Domestic Prod...
Communications Minister Datuk Seri Fahmi Fadzil has highlighted the immense potential of Malaysia's creative economy sector to drive the nation's economic growth, currently contributing around 6.8 per cent to the GDP. He emphasized that advancements in digital technology have enabled local creative content, such as podcasts, music, animation, video games, and social media content, to be exported globally, transcending geographical boundaries.
This has prompted the establishment of the Orange Economy Council to guide and strengthen the creative industry ecosystem, encompassing sectors such as film, music, video games, e-sports, and animation. However, Fahmi noted that content creators have varied business models and that digital platforms like TikTok, TikTok Shop, Shopee, Facebook Marketplace, and Lazada also contribute to the growth of the digital economy by providing support and training related to sales, live streaming, and income generation.
The minister raised concerns about copyright and the use of artificial intelligence (AI) in content creation, emphasizing the need for government intervention to protect the rights of intellectual property owners.
Brief written by urgent.news from Malay Mail's own syndicated text. Machine-written — may contain errors; check the original before relying on it.