Malaysia’s FINAS Unveils $76 Million Rebate Renewal at FilMart, Targets Role as Southeast Asia Production Hub

Mar 17, 2026 12:09am PT Malaysia’s FINAS Unveils $76 Million Rebate Renewal at FilMart, Targets Role as Southeast Asia Production Hub By Naman Ramachandran Plus Icon Naman Ramachandran Latest Hrithik Roshan’s HRX Films, Prime Video Team for Comedy ‘Mess’ 45 minutes ago ‘The Night Manager’ Chinese-Language Remake Expands Cast 5 hours ago Supernatural Horror ‘The Other Side’ Heads to Hong Kong FilMart With Contents Panda 6 hours ago See All Malaysia ‘s National Film Development Corporation, known as FINAS , used a showcase session at Hong Kong FilMart on Tuesday to announce that the Malaysian government has approved a RM300 million ($76.5 million) allocation for its cash rebate program over the next five years – a renewal that the agency’s chief said cements the country’s position as a leading destination for international productions across the Asia-Pacific. Datuk Azmir Saifuddin Mutalib, CEO of FINAS, told attendees at the “Malaysia on Screen: Powering Global Productions Through Incentives, Tourism and Creative Excellence” session that the rebate’s renewal follows over a decade of demonstrated results. Since the program’s launch 13 years ago, FINAS has disbursed RM580 million ($147.9 million) in rebates across 243 projects, while attracting nearly RM2.8 billion ($713.8 million) in total investment into the country, generating approximately 30,000 jobs and producing an estimated RM7 billion ($1.78 billion) in multiplier effects across tourism, hospitality and allied services. Related Stories Disney Slashes Price of Disney+/Hulu Bundle by 62% in Limited-Time Promo