Friday, February 10, 2006

MSC-News Update

KL Sentral awarded Cybercentre status
February 10 2006

KUALA Lumpur Sentral, a mixed development that also houses a transport hub, has been awarded the “Cybercentre” status under an agreement signed with the Multimedia Development Corporation (MDC) yesterday.

The Cybercentre status simply means that MSC-status companies based within Kuala Lumpur Sentral will enjoy the same advantages as companies based in Cyberjaya and Penang Cybercity.
“Kuala Lumpur Sentral’s new status is significant as the Government is now making available the benefits and incentives of the MSC-status to ICT companies based in Kuala Lumpur,” said Science, Technology and Innovation Minister, Datuk Seri Dr Jamaludin Jarjis.

He said the launching of KL Sentral as a Multimedia Super Corridor (MSC) Cybercentre marks a significant milestone in the growth of MSC and dissemination of the information and communications technology (ICT) industry to the rest of the country.

Kuala Lumpur Sentral is the exclusive urban centre built around Malaysia’s largest transit hub, offering global connectivity, investment opportunities, business convenience and an international lifestyle.

The agreement awarding MSC Cybercentre status to Kuala Lumpur Sentral was signed by MDC chief executive officer Badlisham Ghazali and Kuala Lumpur Sentral Sdn Bhd chief executive officer, Chan Chee Meng.

The signing was witnessed by Jamaludin.Kuala Lumpur Sentral is already home to many ICT companies, and with the new Cybercentre status, some of these companies have the option of applying for MSC-status.

MSC-status is awarded to both local and foreign companies that develop or use multimedia technologies to produce or enhance their products and services for process development.

Applicants must meet the qualifying criteria and successful companies must observe the conditions attached to the MSC-status recognition, which include being located in MSC-designated areas.

MSC-status companies based in Kuala Lumpur Sentral will enjoy all the bill of guarantees extended to MSC-status companies based in Cyberjaya, with the exception of two — the MSC flagship applications and the infrastructure guarantee.

The tendering out of MSC flagship applications will only be done to MSC-status companies in Cyberjaya while infrastructure in commercial centres is based on the best endeavour of the centres.


**MSC Status Companies as of Feb.9 2006: 1,439**


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