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Brunei’s freedom tested by Asia, Saudi and waning oil

Brunei’s freedom tested by Asia, Saudi and waning oil

Crackdown on press symptomatic of the country in decrease

Luke Hunt, 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 his 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 come to an end over the following two decades 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 up to US$6 billion in to the enclave whilst the United states Enterprise Institute’s Asia worldwide investment tracker put that figure at $4.1 billion. More is originating from Saudi Arabia, enormous numbers for Bolkiah whose subjects quantity simply 440,000.

It has resulted in conjecture that in exchange Brunei will continue to be peaceful regarding the maritime dispute into the Southern Asia water and it is ready to fold towards Saudi, and Wahabi, interpretations of Shariah frequently cited for inflaming jihads.

Brunei tilts towards China

Brunei staked its claim when you look at the disputed ocean in 1984 over maritime features such as Bombay Castle, Louisa Reef, Owen Shoal, and Rifleman Bank, that are positioned within its 200 kilometre Exclusive financial area (EEC).

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