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Indonesia Economic Prospects & Covid Recovery
In its June 2021 biannual report on Indonesian Economic Prospects the World Bank noted that Covid recession in Indonesia contributed to a real GDP growth rate of -2.1% in 2020, milder than the average -4.3% experienced by other emerging markets and developing economies excluding China. The report points to an improving economic recovery with a forecast of real Indonesian GDP rebounding to +4.4% in 2021 and +5.0% in 2022.
IMO 2020 Global Sulfur Cap on Marine Fuels
Commencing from 1 Jan 2020 the new "Global Sulfur Cap" mandated by the IMO or International Maritime Organization, comes in to full force and effect. The Cap will require the world's ocean shipping fleets to reduce and limit the maximum permissible sulfur content of the distillate and residual marine fuel oils they use from today’s maximum of 3.5% to a new maximum of 0.5% sulfur. The new sulfur limit regulations are known as "IMO 2020" and are intended to make a significant contribution to air pollution reduction by reducing global SOx emissions from ships' engines by 77% or 8.5 million metric ton per year. IMO 2020 has been ratified by 91 member countries of the IMO, the agency of the United Nations responsible for regulating global shipping.
Indonesia Energy Outlook 2019
Indonesia's National Energy Council publishes an analysis on the long term national energy demand and supply projections (2019-2050) with which are developed for the purpose of Indonesia's future energy supply and demand planning. The assumptions and projections are based on energy technology development both fossil energy and renewable energy based on current data and conditions. No publication was made for 2020 due the to Covid pandemic.
Why Indonesia is a powerhouse in the making
With one of the world's largest populations, Indonesia offers huge opportunities for foreign investors.
PwC Taxflash - Pioneer Tax Holiday
New Indonesian Tax Holiday regulation. The Tax Holiday is available for new investments including integrated oil and gas refineries.
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.
Indonesia Hopes to Lure the World’s Top Oil Companies
Indonesia will hold roadshows in the U.S. and Europe later this month to lure investments from the world’s top energy companies as the former OPEC member seeks to reverse a decline in oil and gas production.