MICA bracing for major challenges in light of slowing economy
SINGAPORE: Sustaining emerging creative industries will be one of the major challenges for the Information, Communication and the Arts Ministry next year, in light of the current economic slowdown.
The other is nurturing the arts, said its minister, Dr Lee Boon Yang. He was speaking at the Ministry’s Annual Press Cocktail Reception on Tuesday evening.
Dr Lee said the challenge for arts groups to sustain their level of activities would be a steep one in the coming year as corporate sponsorships are expected fall significantly.
While his Ministry will explore measures to assist local arts groups, Dr Lee said the groups must also make the special effort to gain support from sponsors.
This includes being more creative in introducing events and bringing productions which have greater mass appeal which can be mounted at lower cost.
Dr Lee added that Phase Three of MICA’s Renaissance City Plan, which was launched this year, will also provide some S$115 million over the next five years to nurture the arts.
When it comes to the challenge of sustaining emerging creative industries such as 3D content and infrastructure, Dr Lee said MICA has already introduced many support programmes and funds within its available resources.
For example, MDA had made available a S$10 million fund to support the development of 3D content, infrastructure such as production and post—production facilities and training for 3D film makers.
The fund will help local firms make 3D films and build expertise in the area. — CNA/vm
SINGAPORE: Sustaining emerging creative industries will be one of the major challenges for the Information, Communication and the Arts Ministry next year, in light of the current economic slowdown.
The other is nurturing the arts, said its minister, Dr Lee Boon Yang. He was speaking at the Ministry’s Annual Press Cocktail Reception on Tuesday evening.
Dr Lee said the challenge for arts groups to sustain their level of activities would be a steep one in the coming year as corporate sponsorships are expected fall significantly.
While his Ministry will explore measures to assist local arts groups, Dr Lee said the groups must also make the special effort to gain support from sponsors.
This includes being more creative in introducing events and bringing productions which have greater mass appeal which can be mounted at lower cost.
Dr Lee added that Phase Three of MICA’s Renaissance City Plan, which was launched this year, will also provide some S$115 million over the next five years to nurture the arts.
When it comes to the challenge of sustaining emerging creative industries such as 3D content and infrastructure, Dr Lee said MICA has already introduced many support programmes and funds within its available resources.
For example, MDA had made available a S$10 million fund to support the development of 3D content, infrastructure such as production and post—production facilities and training for 3D film makers.
The fund will help local firms make 3D films and build expertise in the area. — CNA/vm
