PHNOM PENH – While the rural and farming population of Cambodia remains substantial, it is declining. A 2017 report by the country’s agriculture ministry said the percentage of the labour force working in agriculture had halved since 1993. That decline continued as annual gross domestic product (GDP) growth ranged from 5.9% to 7.5% over the past decade. The lure of the city – despite the monotony of factory work or the dangers of unregulated construction sites – has drawn hundreds of thousands of people away from the land. “It is in [the] mindset of the Cambodians that neak sre, or farmers, are labelled as poor,” said Sokkea Hoy. “Therefore, parent farmers do not want their offspring to do the farming. They [would] much rather send their kids to search for jobs in the cities or neighbouring countries”.
PHNOM PENH — In late September, protestors in Central Java, on Indonesia’s most populous island, stood outside a regional government office and vented their frustration at what they saw as inaction over complaints that the towering smokestacks of a nearby coal-fuelled power plant had been sputtering ash onto their farms. With “we need clean air” and “we are covered in coal dust,” among the jeremiads, the protests echoed another long-standing struggle – near Batang, also on Java. There, locals have fought for years against the imminent opening of a 2,000-megawatt coal-fired power plant, part of the government’s plans to expand the electricity grid by 35,000 megawatts to meet the energy demands of an economy growing at 5% a year. Such protests are likely to become more common across the region in the coming years, as urbanisation, industrialisation and increasing consumer spending in Southeast Asia’s growing economies spur a surge in energy demand. This in turn will likely prompt a trend-defying expansion of coal-fired power plants over the coming years even as most other regions lower their dependence on coal over environmental concerns.
BIMA — At first Kiki Mariam wasn’t too concerned as the tail end of a cyclone sent cascades of roof-rattling rain onto the riverside home she shared with her husband Robitan in Bima, a city of around 170,000 people on the Indonesian island of Sumbawa.“At first the water was low and then it got higher,” the 37-year-old recalled, one hand resting on a sawdust-speckled workman’s table, the other pointing to the riverbank a couple of yards away. Now the river is flowing as normal, about ten feet below ground level down a 70 degree angle bank. But during that mid-December morning in 2016, as the rain beat down hour after hour, Mariam saw the river’s ineluctable swell and soon forgot her breakfast-time frustration about a leaking roof. “I didn’t think it would get higher than that,” Mariam said, pointing at the riverbank. But as the rain hammered down relentlessly, the river rose and rose, until the water, ominously, was climbing close to ground level. “We saw it wasn’t going to stop – it took quite a long time, but it came,” Mariam said. “I was really scared, we were asked to leave, so we grabbed what we could and moved away from the river,’ she said, as husband Robitan, 39, pointed to a head-high spot on a nearby wall, the faded difference in hue indicating the high water mark of the 2016 deluge that destroyed their house and left 100,000 people homeless in and around Bima.
KWANGKO, SUMBAWA ISLAND — As afternoon turns to evening and the high and blinding sun sinks slowly toward the horizon, Zubaidi still keeps the peak of his cap tilted slightly down, all the better to run an eye over the sky-blue paint job on the small skiff he and his small team are putting the finishing touches to. Behind Zubaidi’s seaside house, set about three feet up on stilts to keep the floor above any high tide, the whine of the electric saws and planes readies another batch of precision-cut timber for the next boat, each one to be sold to eager local fishermen at 1.5 million Indonesian Rupiah (US$106) a pop. Less than two years before, Zubaidi and team had to saw the planks by hand. It was only a year and a half ago that his tiny village of Kwangko on the coast of the island of Sumbawa was connected to the national electricity supply. “I can do three times as much now, more than I had before we got power,” Zubaidi says. “Now you have to pre-order if you want a boat.”
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.