Crackdown on press symptomatic of a country in decrease
Luke Search, Bangkok
Updated: Might 17, 2018 10:24 AM GMT
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Brunei’s Sultan Hassanal Bolkiah and Queen Saleha trip in a procession to mark their golden jubilee in Bandar Seri Begawan on Oct. 5, 2017. (Picture by Roslan Rahman/AFP)
But that liberty will be challenged by dwindling oil reserves with coal and oil manufacturing anticipated to go out over the following twenty years prompting Brunei’s ruler, Sultan Hassanal Bolkiah, to start financial reforms and look for investment that is foreign.
Reports have actually emerged that Asia has moved just as much as US$6 billion to the enclave although the United states Enterprise Institute’s China worldwide investment tracker put that figure at $4.1 billion. More is coming from Saudi Arabia, enormous numbers for Bolkiah whose subjects quantity simply 440,000.
It has resulted in speculation that in exchange Brunei will stay peaceful regarding the maritime dispute within the Southern Asia water and it is willing to fold towards Saudi, and Wahabi, interpretations of Shariah usually cited for inflaming jihads.
Brunei tilts towards Asia
Brunei staked its claim into the sea that is disputed 1984 over maritime features such as Bombay Castle, Louisa Reef, Owen Shoal, and Rifleman Bank, that are found within its 200 kilometre Exclusive financial area (EEC).ادامه مطلب