South African Cultural Observatory

World Conference on Creative Economy

BY 30.10.18

BALI: Indonesia is planning to hold the first ever “World Conference on Creative Economy” (WCCE), involving stakeholders and representatives from governments, private sectors, think-tanks, civil society, international organizations, as well as media and experts in the creative economy. The theme of the WCCE is “Inclusively Creative” that will discuss five main issues, namely social cohesion, regulations, marketing, ecosystem, and financing.

The World Conference on Creative Economy will discuss issues and challenges on creative economy. WCCE takes place on 6 – 8 November 2018 at Bali Nusa Dua Convention Centre (BNDCC). Read more: https://www.wcce.id/  

Creative industries contribute Rp 1.12 quadrillion to GDP, says Bekraf

JAKARTA: Creative Economy Agency (Bekraf) head Triawan Munaf has said that the creative industry sector contributed Rp 1.12 quadrillion (US$73.74 billion) to gross domestic product (GDP) this year. Triawan said that creative industries' contribution to GDP growth had increased from year to year, from Rp 852.56 trillion (9.29 percent) in 2015 to Rp 922.59 (7.44 percent) in 2016, and more than Rp 1 quadrillion (7.57 percent) in 2017. He added that growth in creative industries exceeded growth in the national economy. Read more: http://www.thejakartapost.com/news/2018/10/24/creative-industries-contribute-rp-1-12-quadrillion-to-gdp-says-bekraf.html 

Creative industries next growth area in PH: Oxford Business Group

MANILA: Studies by the Oxford Business Group (OBG) indicate that creative industries may be the growth engine that Southeast Asian countries, like the Philippines and Indonesia, need to counteract any slowdown in their respective economies. OBG Asia Regional Editor Patrick Cooke said the Philippines, specifically, has inherent advantages which lend itself to developing local creative industries. “First and foremost, it has a large consumption-driven internal market, buoyed by advantageous demographics. The median age is one of the lowest in Asia,” said Cooke. “This creates a fertile ground for a vibrant youth culture to flourish, sustained on a diet of music, film, fashion, arts and online content. The innate Filipino creativity and all-pervasive musicality is impossible for first-time visitors to the country to ignore; the challenge lies in harnessing this for wider economic benefits,” he added. He said the country can also capitalize on existing talent pool in its business process outsourcing (BPO) sector, who are already digitally savvy. Read more: http://www.pna.gov.ph/articles/1052500  

 

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Creative industries grew twice as fast as UK economy in 2015-16 Creative industries grew twice as fast as UK economy in 2015-16

UNITED KINGDOM: The creative industries grew at twice the rate of the wider economy in 2015-16, new British government statistics have claimed. Now worth £91.8 billion in terms of gross value added to the UK, the sector grew by 7.6% over the year, while the economy as a whole grew by 3.5% in the same period.

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Creative Economy Gender Pay Gap Report Illustrates Severity of Wage Imbalance Creative Economy Gender Pay Gap Report Illustrates Severity of Wage Imbalance

SAN FRANCISCO: New data from HoneyBook shows that, simply stated, women creatives need to charge more for their services and match their male counterparts. HoneyBook, the business management platform for entrepreneurs in creative industries, recently released the first-ever report dedicated entirely to the gender pay gap among self-employed creative professionals.

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Nigeria Grants some creative industries tax break Nigeria Grants some creative industries tax break

NIGERIA: THE Nigerian federal government has granted 'Pioneer Status' to the creative industry, in a landmark move aimed at transforming the industry to a creative economy and creating jobs. In a statement at the end of August 2017, the Minister of Information and Culture, Lai Mohammed, said the decision to grant the industry 'Pioneer Status' is in fulfilment of the promise made by the Acting President, Yemi Osinbajo, at the opening of the Creative Industry Financing Conference in Lagos 17-18 July 2017.

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In early June the SA Cultural Observatory was co-host of the Creative Intermediaries Forum that was hosted in District Six, Cape Town.

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