Morning Briefs – Jan 10

JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today:

Malaysian PDZ Holdings Bhd Eyes Indonesian shipping industry

Malaysian container liner PDZ Holdings Bhd has inked a Memorandum of Understanding (MoU) with PT Indonesia Bulk Carrier, in its move to expand into the Indonesian maritime industry.

The deal is to provide total maritime logistic solutions, such as container liner, bulk cargoes, tug and barge, self-propelled barge, oil and gas support vessels coupled with other related services such as vessel chartering, pooling management, shipping consultancy and crew management, in line with the PDZ’s regional expansion plans.

Indonesian seafreight is projected to reach US$25 billion (RM100 billion) by 2020 with container volume of over 50 million twenty-foot equivalent unit (TEU).

Finance Ministry Evaluates Tax Incentives Given to Investors
The Ministry of Finance will evaluate investment incentives for tax holidays and tax allowances, following an unenthusiastic response from investors last year, Finance Minister Sri Mulyani Indrawati said on Monday (08/01). The government offers tax holidays and tax allowances to companies in several sectors deemed as pioneering, including downstream metal production, oil refinery, machinery, telecommunications, agricultural processing, marine transport and manufacturing industries operating in special economic zones.

Government to Build Seven Dams Projects in East Nusa Tenggara
Ministry of Public Works and Public Housing (PU-PR) will build 7 dams in East Nusa Tenggara (NTT) worth Rp5.9 trillion. Overall the dam will accommodate 188 million cubic metric (m3) of water that can be utilized for irrigation, raw water sources, power plants, and tourism. The construction of 7 dams is part of 49 dams programmed by the government of President Joko Widodo and Vice President Jusuf Kalla (JK).