15 Feb 2021, 23:09 WIB

Business Update of PT MNC Studios International Tbk (“MSIN”)

MSIN Kicks Off the Construction of Movieland

On the 15th of February 2021, PT MNC Studios International Tbk (“MSIN” or “the Company”), a subsidiary of PT Media Nusantara Citra Tbk (MNCN), started the construction of Movieland in MNC Lido City area, Bogor Regency, West Java. It is important to note that MNC Lido City has obtained approval from the National Council for Special Economic Zones (SEZ) as a Tourism Special Economic Zones, which allows the area to enjoy numerous facilities and tax incentives, including incentives in income tax, value-added tax & sales tax on luxury goods, import duties & taxes for import, excise, as well as various other permits leniency.

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