KUALA LUMPUR (Jan 19): Freight Management Holdings Bhd (FMH) said its wholly-owned subsidiary FM Global Logistics (M) Sdn Bhd has been granted a special incentive package from the Malaysian Investment Development Authority (Mida) for development of an e-Commerce fulfilment hub in Shah Alam, Selangor.
In a filing with Bursa Malaysia, FMH said the special incentive will enable it to qualify for income tax exemption via Investment Tax Allowance (ITA) of 60% of qualifying capital expenditure within a five-year period.
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