Managing the Mekong’s Economy for Whom?

“Water is liquid capital” proclaims the lead-out of World Wide Fund for Nature’s new report “The Role of the Mekong in the Economy.” Released earlier this month at the 2016 Mekong Forum on Water, Food and Energy, the report’s findings stress that despite the Mekong’s central role to the economies of countries in the Lower Mekong Basin, river management decisions are not being coordinated with long term economic development, nor planning efforts. Unless decision makers start considering the connections between water choices and economic development, the region’s prosperity seems destined for trouble.

Powerful new documentary looks at lives threatened by Salween dams

A powerful new documentary produced by Karen News profiles people who may be affected by a string of planned hydropower dams on Myanmar’s Salween River. “Our River…, Our Life” takes viewers along one of the world’s longest undammed rivers.

“It gives voice to the people currently missing from the debate on the dams,” said Karen News. The film goes “deeper into the impacts of those policies/events on the people most affected – the villagers.”

What’s the Deal with “Sustainable Banking”?

Citizens in the Mekong region are increasingly hearing about “sustainable banking,” mostly associated with infrastructure and energy projects. It means regional banks, slow to commit to sustainability, are increasingly considering more responsible ways of doing business.

Cambodia recently joined Thailand, Laos, Vietnam, China and 20 other emerging market economies in committing to better environmental and social risk management practices under the International Finance Corporation’s (World Bank Group) Sustainable Banking Network. And just this week, the Association of Banks in Cambodia (ABC) announced an initiative promising to work toward sustainable banking principles for Cambodia, “as ways to mitigate the damage associated with infrastructure, energy and large scale agribusiness projects.”

Video Calls for Angkor Beer Boycott Over Mekong Dam

Community members worried about a major dam being constructed in Laos released a video this week appealing for a boycott of Cambodia’s number one beer manufacturer, Angkor Beer.

“Stop Don Sahong, Boycott Angkor Beer” claims the 32 meter-high dam now under construction will affect the flow of the Mekong River, destroy fisheries and farmland in Cambodia and the lower Mekong, and affect millions of people in neighboring countries—all to generate only 260 MW of hydroelectricity. Of particular concern is the loss of of the last of the Irrawaddy dolphin’s Mekong habitat.

Gigawatts for Mega-spenders: Infographic shows Bangkok’s luxury malls use more energy than some provinces

Thailand may be a middle income country, but enter one of the capital’s many new, opulent shopping complexes and you’ll think you’ve been transported to New York or Singapore. EmQuartier, Bangkok’s latest retail destination for the well-healed houses such brands as Louis Vuitton, Chanel, Prada, Dior, Tiffany and Cartier as do half a dozen of its predecessors along a six kilometers retail corridor in the city’s downtown.

Into the Zone: SEZs in the Mekong Region, Income…or Instability? (Part 1)

The Mekong region is abuzz with news about special economic zones (SEZs). From Thailand’s prime minister telling US business leaders that the Kingdom’s SEZs are a cornerstone to his economic reforms, to Ho Chi Minh City’s mayor wanting 890 km2 designated as an SEZ to revive his city’s economic leadership, to Myanmar’s newly elected government facing increasing pressure to review the outgoing-junta-approved SEZs now underway there—these foreign-investment magnets are picking up steam as ASEAN integration progresses within the Greater Mekong Subregion.

But what’s so special about these zones? Can they unlock new pathways to region’s economic potential, or as the Bangkok Post warned recently, should policy-makers proceed with caution given the immense complexities to securing SEZs’ desired benefits?

Myanmar green energy sector faces hurdles

Myanmar’s goal of achieving a 100 per cent electrification rate by 2030, with 20 per cent of energy from renewable sources, is achievable but several hurdles need to be tackled first, energy experts have said.

At the Myanmar Green Energy Summit 2016 last week, panellists agreed that hydroelectricity, plus wind and solar energy, were good choices given available resources.