KUALA LUMPUR, Nov 19 (Bernama) -- Bursa Malaysia gave up earlier gains to end mixed today, amid a higher regional market showing, as property, construction, and healthcare counters attracted buying interests, while plantation, banking, and telecommunication stocks saw some profit-taking, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.70 points to close at 1,602.34 from yesterday’s close of 1,604.04. The benchmark index, which opened 0.86 of-a-point lower at 1,603.18, moved between 1,601.02 and 1,608.88 during the trading session. However, the broader market was mixed to higher, with gainers leading decliners by 565 to 438 while 502 counters remained unchanged, 961 untraded, and 14 suspended. Turnover narrowed to 2.83 billion units valued at RM2.08 billion versus 2.96 billion units valued at RM2.23 billion yesterday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index remained range-bound and it required a dec
Malaysia's digital game industry has achieved remarkable growth, generating RM45 million in sales and export revenue from government funding between 2014 and 2024, as revealed by Digital Minister Gobind Singh Deo.
The Malaysia Digital Economy Corporation (MDEC) has been instrumental in this success, approving 60 projects with a total funding of RM36.7 million for the development of digital games across computer, console, and mobile platforms.
Gobind also highlighted that during the same period, MDEC received a digital content fund allocation of RM163 million to bolster the animation industry, digital games, digital comics, and creative technology content.
“All these projects have successfully created over 700 job opportunities. This demonstrates the significant potential of the digital game industry in Malaysia, driven by strong government support in areas such as market access, incubators, conferences, workshops, and skill development programs," Gobind noted during a question-and-answer session in the Dewan Rakyat.
Citing Newzoo's global game market report, Gobind mentioned that global game revenue is projected to hit US$187.70 billion (RM818.33 billion) in 2024, with expectations to grow to US$213.3 billion by 2027, reflecting a compound annual growth rate of 3.1% from 2022 to 2027.
To further boost local games, MDEC has established a platform for Malaysian companies to explore international market access. Major digital game markets that Malaysia frequently participates in include the Games Developers Conference in the US, the Tokyo Game Show in Japan, ChinaJoy in China, and Gamescom in Europe.
This ongoing development reflects Malaysia's growing presence in the global digital economy, showcasing its potential as a regional hub for the digital games industry.
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