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PDZ to enter Indonesian market


KUALA LUMPUR: PDZ Holdings Bhd has entered into a memorandum of understanding (MoU) with PT Indonesia Bulk Carrier to provide maritime logistic solutions to the Indonesian shipping market.

According to PDZ, Indonesian shipping laws for foreign investment and cabotage policy  require partnership with local Indonesian players, and the tie-up to enter Indonesia is expected to contribute positively to PDZ's profitability with its favourable tax regimes and government initiatives.

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