Brunei’s independency tested by Asia, Saudi and oil that is waning

Brunei’s independency tested by Asia, Saudi and oil that is waning

Crackdown on press symptomatic of a country in decrease

Luke Hunt, Bangkok

Updated: May 17, 2018 10:24 AM GMT

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Brunei’s Sultan Hassanal Bolkiah camhub and Queen Saleha trip in a procession to mark their golden jubilee in Bandar Seri Begawan on Oct. 5, 2017. (Photo by Roslan Rahman/AFP)

But that independency will be challenged by dwindling oil reserves with gas and oil manufacturing expected to go out 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 to the enclave whilst the United states Enterprise Institute’s Asia 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 conjecture that in exchange Brunei will stay peaceful regarding the maritime dispute into the Southern Asia water and it is willing to flex towards Saudi, and Wahabi, interpretations of Shariah usually cited for inflaming jihads.