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Malaysia, 1st country in Southeast Asia to develop intellectual property valuation

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malaysiaPUTRAJAYA, June 3 – Malaysia is the first country in Southeast Asia to carry out intellectual property valuation through the Valuation and Property Services Department (JPPH), its director-general, Datuk Abd. Hamid Abu Bakar said today.

He said a new unit had been set up early this year to protected intellectual property. The unit, he said, is managed by JPPH with the cooperation of the Intellectual Property Corporation of Malaysia (MyIPO) and operates under the Domestic Trade, Cooperatives and Consumerism Ministry.

The valuation carried out by the unit included for designs, trademarks, lyrics and copyrights, he told reporters after the 56th JPPH Day celebration at the National Assessment Institute (Inspen) here today.

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Abd Hamid said the setting up of the unit was a recognition on the professionalism of JPPH in the field, adding that training would be carried out to enhance the skills of its staff in the field.

Trainers from the United Kingdom and Switzerland would be engaged for the purpose, he added.

-BERNAMA