Tax breaks eyed for Suzuki

The Indonesian government may offer Suzuki tax incentives to encourage the Japanese firm to invest US$800m to expand its automobile production facilities in the country, the Jakarta Post reported Friday, citing the industry minister.

According to KHABAR KHODRO, "We will consider Suzuki's request for tax breaks if it does invest here," the daily quoted Industry Minister Mohamad Hidayat as saying, Dow Jones reported.

Hidayat said in June that Suzuki plans to expand production in Indonesia over the next two years.

It currently has a production capacity of 120,000 cars and 1.3m motorcycles per year in the Southeast Asian country.