KLANG: Logistics players in Port Klang continue to obtain support with a slew of financial incentives and initiatives as they recover from the onslaught of the Covid-19 pandemic.
The Port Klang Authority has introduced a RM17.23mil financial incentive package and other initiatives to assist the port community and to enhance trade.
Port Klang saw a negative growth of 9.3% in terms of container handling for the first half of the year to 5.99 million twenty-foot equivalent units as compared to the same period last year.“The updated forecast due to the pandemic projected 11.4 million TEUs, or a 16.3% decline. Dr Wee announced that the bulk of the financial incentive by PKA was the deferment of up to 30% of rent collection for PKFZ tenants from July to December this year.“There will also be exemption and discounts from 50% up to 100% on lease rentals to PKA’s tenants from March to December this year, amounting to RM510,535.
He said PKA had approved the incentives and initiatives to alleviate the financial burden of the industry players in Port Klang. “Commercial incentives will also be provided by terminal operators to shipping lines, exporters and importers,” he said.
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