KUALA LUMPUR — The Philippines appears to have won its long-running and often heated dispute with Canada over 69 shipping containers brimming with Canadian waste left to rot at two Philippine ports since 2013.Ottawa announced on Wednesday (May 22) that it had hired a private company to take back the refuse, which the Philippines has said was wrongly classified as recyclable. Officials said the waste would be back on Canadian soil by June.Ottawa’s announcement came after the Philippines said it would ship the containers back to Canada after a May 15 deadline announced by Philippine President Rodrigo Duterte had lapsed.
JAKARTA — As oil prices fluctuate and markets brace for the impact of the end of a US sanctions waiver on fuel purchases from Iran, Asia’s energy companies are making deals closer to home as bigger global players pull away from the region. Southeast Asia has already seen up to US$2.8 billion in mergers and acquisition (M&A) deals so far this year, according to Wood Mackenzie, a United Kingdom-based consultancy. Those deals have been led by US-based Murphy Oil selling its Malaysia operations to PTTEP, a subsidiary of Thailand’s national energy company, for $2.1 billion. Wood Mackenzie predicts that up to $14 billion of energy assets could change hands in the region this year if, as expected, more M&A deals like the Murphy-PTTEP deal are completed. Big deals such as the Murphy-PTTEP sale represent a significant jump, given that a typical Southeast Asian oil and gas M&A deal over the past five years has been worth a mere $111.6 million, according to S&P Global Market Intelligence data. Total annual energy deal values in Asia have ranged between $5.4 billion and $8.7 billion in the past four years, according to Wood Mackenzie data. Wood Mackenzie’s Andrew Harwood said that he expects buyers to be “Southeast Asian NOCs [national oil companies] and smaller regional players” with back-up from “some of the mid-tier IOCs [international oil companies] that retain Southeast Asian ambitions.”
Updating on the recovery operations in Indonesia after the Dec. 23 tsunami that hit the coast of Sumatra and Java, both sides of the Sunda Strait
JAKARTA — The sea rose up without warning Saturday night, crashing into coastal villages on Indonesia’s two most populous islands. It killed at least 220 people, washing away buildings, roads and a rock concert on the beach, officials said Sunday evening. The tsunami that struck the western tip of Java and the southern tip of Sumatra was believed to have been triggered by an underwater landslide from the flank of an erupting volcano. Officials in Jakarta said hundreds more people were injured and 30 were missing after the tsunami, the latest in a string of deadly disasters that have killed thousands in Indonesia this year. About 600 buildings were damaged, officials said. Soldiers and rescue workers moved quickly to clear roads blocked by debris; television and social media video showed survivors pulling at wreckage trying to find loved ones. “People are still afraid to go back to their homes since there were still rumors that a tsunami might strike again,” said Aulia Arriani, a spokeswoman for the Indonesian Red Cross.
JAKARTA — Rattled by rapid oil price swings in recent months, Southeast Asian economies are on tenterhooks ahead of an OPEC meeting this week that is expected to result in a supply cut to boost prices. The recent plunge in prices — the benchmark Brent crude dipped under $60 a barrel last week — has benefited economies such as Indonesia and the Philippines that are net importers of oil. This is helping to blunt the inflationary effects of currency slides against the U.S. dollar in these countries, which are caught in the crossfire of the U.S.-China trade war. Oil rebounded as much as 5% on Monday after the U.S. and China agreed to a truce in their trade conflict. This latest move follows a 30% slide in crude last month, after it touched four-year highs at the start of October. While nations in the region welcome the break in trade tensions — Singaporean Prime Minister Lee Hsien Loong said on Sunday that he hoped to see the U.S. and China take further “constructive” steps — they have to be prepared for further volatility after the meeting of the oil producing cartel that starts on Thursday.
JAKARTA — China is starting to build its largest offshore wind-power facility in the latest move in an accelerating shift in Asia away from solar to wind and other renewable energy sources. Work began in late October on the facility off Nanpeng Isle in China’s southern Guangdong Province. The project has a planned capacity of 400,000 kilowatts, and its developer, China General Nuclear Power Corporation, expects it to generate about 1.46 billion kilowatt hours of power annually when it goes on stream in 2020 Wood Mackenzie, an energy consultancy, sees wind-generated capacity in the region growing by a factor of 20 over the next decade, powered by Beijing’s plans for a 15-fold expansion. Guangdong plans to build 23 offshore wind farms by 2030, according to China’s official Xinhua News Agency. Meanwhile, Asia’s solar-powered electricity capacity is set to fall this year for the first time since 2001, as countries such as China cut subsidies.
JAKARTA — Dini Widiastuti, Executive Director of Yayasan Plan International Indonesia, a local NGO affiliated with Plan International, described a challenging conditions for getting relief items such as tents to survivors, many of who are sleeping outdoors. “Warehousing, storage, channels of transportation, these are all difficult,” she said, speaking by telephone. There are three main avenues for assistance to the affected region, home to around 1.5 million people: Balikpapan, a city on the Indonesian part of the island of Borneo, or Kalimantan, as well as Makassar, the biggest city Sulawesi, from where it can take a day by road, and via the airport in Palu itself. “It is difficult to move aid around, the airport is operating but limited. We can send more by boat, and it is less expensive, but air is faster,” Ms. Dini said. “From Jakarta, it can take 7 days to Makassar by boat.”
JAKARTA — Survivors were leaving the disaster-hit region of Central Sulawesi on Thursday out of frustration with what they said was the slow provision of assistance from the Indonesian government and aid agencies in the aftermath of a magnitude 7.5 earthquake and tsunami. Widely reported shortages of food, water, gasoline and other necessities have led to looting of damaged shops and supermarkets in Palu, the provincial capital of 380,000 residents near the quake’s epicenter. Though a few positive signs were emerging in the shattered city — with access to water restored for some residents — relief remained slow to arrive on damaged roads and ground that had churned into mud. Residents said there isn’t enough food and water for the thousands of injured and 70,000 left homeless. “The last I heard, my brother was picking up my mother and father in Palu to evacuate to another district,” said Imade Boby, a Jakarta resident whose parents and relatives live in Palu. He said the family hoped to travel by boat or by road to an area of Parigi Moutong, north of Palu, that was less affected by the disaster.
JAKARTA — Aid workers described scenes of destruction and desperation Monday in areas of central Sulawesi they reached for the first time since a magnitude 7.5 earthquake and tsunami leveled parts of the Indonesian island, blocked roads and turned solid ground into mud. Just outside the hard-hit town of Palu, the regional capital and hub of the relief effort, volunteers retrieved the bodies of 34 students from a Bible school in the town of Sigi Biromaru, said Aulia Arriani, head of communications at the Indonesian Red Cross. The Red Cross team had “a hard time to evacuate the bodies as they had to walk through mud for one-and-a-half hours,” Aulia said. At least 1,203 people were killed after Friday’s quake, according to an unofficial count by volunteers, nongovernmental groups and hospitals in Palu. The tremor unleashed a tsunami as high as 20 feet crashing into the coastline, destroying roads and bridges, downing cellphone towers and washing away thousands of houses.