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MSC - Coggle Diagram
MSC
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INCENTIVES GIVEN TO MSC INDUSTRIES
Investment Act 1997, lay down that every multinational corporation that joins the MSC project is granted with a special set of rules with respect to taxes, laws and restrictions
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Infrastructure for R&D, R&D Grants under MSC Grant Scheme.
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MSC FRAMEWORK
Telecommunications & Communications.
- A fiber-optic backbone to support virtual boardrooms
- Live-multimedia internet broadcasting
- Integration into the new transportation highway & rapid transit rail system, linking the new MSC cities of Putrajaya & Cyberjaya with Kuala Lumpur & the KLIA
- High-capacity links to international centers to ensure information, products & services flow freely & quickly between MSC companies & their trading partners
Policies & Cyber laws
- provide a realistic regulatory framework of cyber laws and intellectual property laws to facilitate the development of IT and multimedia environment
- Government laws in order to accomplish its commitment - The Copyright (Amendment) Act 1997, the Digital Signature Act 1997
- National Development Plans to strengthen the MSC – such as Seventh Malaysia Plan (1996 – 2000), Eight Malaysia Plan (2001 – 2005) & Ninth Malaysia Plan (2006-2010)
International Eco-Friendly Environment & Lifestyles
- KLCC – multipurpose center; commercial, recreational, entertainment
- CYBERJAYA – hub of technology business
- Modern transportation and highway systems – such as rapid trains, LRT that links cyber cities to KL.
Overview
:check: Idea from 4th Prime Minister, Tun Dr Mahathir Mohamad 1996
:check: MSC is a high technology advanced multimedia project
:check: Main objective is to transform Malaysia into knowledge based-economy
MSC Development phase
:check: Phase 1: aimed at creating and establishing MSC (1996-2003)
:arrow_right: Produced byMultimedia Development Corporation (MDeC)
:arrow_right: Attract a core group of world class companies
:arrow_right:Seven Flagship Applications of MSC
:arrow_right:Establish the framework of cyber laws: Personal Data Protection law
:arrow_right:Establish Cyberjaya
:check: Phase 2: links the MSC to the others cities in Malaysia and other countries (2004-2010)
:arrow_right:Create a web of corridors and establish more clusters of world-class companies.
:arrow_right:Set global standards
:arrow_right:Harmonies cyber laws within the global society
:arrow_right:Increase more intelligent globally-linked cities
:check: Phase 3: aimed at transforming Malaysia into knowledge society (2010-2020)
:arrow_right:Transformed Malaysia into a knowledge-based society.
:arrow_right:Being a global platform for new multimedia and IT applications
:arrow_right:Become the international Cyber court of Justice in MSC.
CHALLENGES FACE BY MSC
- Competition from other developed countries in attracting FDI
- ICT infrastructure obsoletes fast
- Technical know how limitations
- Digital divide in Malaysia
MSC CONTRIBUTION TO MALAYSIAN ECONOMY
:!: Provide job opportunities.- more work offers - globalization
:!: Economy growth- such as increasing in GDP, export earning
:!: Encourage k-workers – professional 5 yrs – intellectual capital
:!: Technology transfer
:!: Foreign direct investment
OBJECTIVE OF MSC
- A platform for attracting world-class technology-led companies
- offers a productive, intelligent environment in which a multimedia value chain of goods and services will be produced and delivered across the globe
- excellence with multimedia-specific capabilities, technologies, infrastructure, legislation, policies and system
- A global community living on the leading-edge of the information society
- A platform for research and other ground-breaking multimedia developments
- All activity using multimedia technology
Multimedia Development Corporation (MDeC)
:check:To facilitate applications by local and international companies to resettle in MSC and marketing the MSC to the global
:check:outlines MSC laws & policies, assures infrastructure development and network connections & everything related to MSC
:check:target 20 years time frame for full execution of the MSC