BENEFITS OF MULTIMEDIA SUPERIOR CORIDOR (MSC) MALAYSIA

The benefits of Multimedia Superior Coridor (MSC) Malaysia are bill of guarantees, infrastructure, cyberlaws, incentives, and high quality of cosmopolitan living. Bill of guarantees are to provide a world class physical and information infrastructure, allow unrestricted employment local and foreign, ensure freedom of ownership, given the freedom to sources capital globally, provide competitive financial incentives, ensure no internet censorship, provide globally competitive telecommunications tariff, and provide an effective one-stop agency. Next is infrastructure. There are two infrastructure, developed infrastructure and telecommunication infrastructure. For developed infrastructure, there are 26 cybercities and cybercentres fully operational within the MSC Malaysia which MSC Malaysia status companies can locate their business premises. These cybercities and cybercentres are audited annually to comply with a set of minimum standars and criteria that differentiates them from any other location. For the telecommunication infrastructure, MSC Malaysia is supported by a high-capacity, digital

telecommunications infrastructure designed to meet the highest international standards in capacity, reliability and pricing. Other benefits are cyberlaws. Malaysia is a member of the World Intellectual Property organization (WIPO), Paris Convention, Berne Convention and signatory to the Agreement on Trade Related Aspects of Intellectual Property Rights (TRIPS). With the implemention of MSC of Malaysia, the Government makes a commitment to MSC Malaysia status companies in the 10-point Bill of Guarantees to provide a comprehensive regulatory framework of intellectual property protection and cyberlaws to facilitate and assist the development of a truly ICT and multimedia environment. Furthermore, incentives are also the benefits of MSC. Include financial and nonfinancial. Financial guided by Malaysias Promotion of Investment Act (PIA) 1986, amended 1997, MSC Malaysia status companies, institution of facilities may enjoy the following financial incentives. Freedom to sources capital and borrow funds globally and duty-free importation of multimedia equipment (FDI).

For the non-financial. For the non-financial, theres are no censorship of the internet, globally competitive telecommunication tariffs and services guarantees if MSC Malaysia status companies are located within the MSC Malaysia, high quality planned urban development and also high powered implementation agency to act as an effective one-stop super shop- the MDeC. Lastly are, competitive cost and high value. Malaysia is the one of the most costeffective and easiest places to do business. Malaysias corporate tax today is 28%, one of the lowest in the region. The countrys economy has been experiencing steady growth of 5.5% per annum, with low inflation rate of 3.2%. The interest rate has recently been revised upward to 3.25% in anticipation of the countrys strong economic growth, sustained by private sector demand and strong economic growth in global and regional economies.