Enticing Growth Opportunity, Strong Fundamentals

Good investment opportunities come in different shapes and sizes, and (of course) places. The one characteristic shared in common between all good investment opportunities is strong fundamentals. Continental Energy Corp. has identified, targeted, and is now executing on such an opportunity.

The 20 best countries to invest in now

Guided by a report from the World Bank Group, U.S. News identified the best countries to invest in for 2018. Ranking is based on entrepreneurship, economic stability, favorable tax environment, innovation, skilled labor, technological expertise, dynamism, and corruption. Indonesia ranks in second place. 

Continental Energy to build small scale oil refinery in East Kalimantan

Continental Energy Corporation establishes Indonesian subsidiary and receives a foreign direct investment license to build, own, and operate a crude oil refinery at the KIPI Maloy port and industrial park, a special economic zone located in the Kutai Timur Regency of East Kalimantan Province, Indonesia.

BKPM to Take Over Downstream Oil and Gas Licensing

Morgan Lewis summarizes the recent delegation of authority by the Minister of Energy to the Indonesian Investment Coordinating Board (aka BKPM) in issuing certain licenses for oil and gas activities. The move is widely expected to fast-track and simplify licensing of investments through the "Single Window for Investments" program.

Special Economic Zones in Indonesia

To attract investment, Indonesia has established a new location based concession called a Special Economic Zone (Kawasan Ekonomi Khusus or "KEK" in Bahasa Indonesia). Comprehensive fiscal and investment incentive facilities are available to investors in a KEK. Tax facilities offered under a KEK include holidays or special treatment for Income Tax, Value Added Tax, Luxury-goods Sales Tax, import duties, and excise facilities. Simplified regulatory and administrative procedures are another advantage. A PDF download by PwC Indonesia is here.