Emulate South Korea’s policy on food waste, for a start – Asia Times

According to an old saying, everyone talks about the wind but no one actually does anything about it. Before South Korea attempted it, the same could be said about foods misuse, or something else. More on that test in a minute.

The data everyone has been quoting has essentially remained the same for what seems to have been years: A third of the food produced by farmers around the world is wasted. Oh, sure, sometimes the number is nearer 30 %, sometimes 40 %. However, it usually falls within a few percent details of a second.

If somebody is doing something about it, therefore, it’s not working.

Institutions insist that they want to lower the bar. In June, for instance, the Biden administration put out a “fact plate” listing what it’s done about the issue and what it plans to do.

Some of these suggestions seem fine, such as easing the constraints on giving food to food businesses or clarifying the definition of “best by” dates. Whether they’ll walk the needle substantially off a second is debatable.

It seems food waste is n’t a problem governments are well-equipped to solve. In developing countries, some of what producers raise never makes it to one’s board. Poor transit and lack of cooling cause the produce to suffer. Fixing these problems costs money developing-country governments do n’t have.

Big restaurant components and the unwillingness of many consumers to purchase unhealthy foods are two examples of waste in wealthy nations. Governments can raise awareness, but they ca n’t make people eat all the food they buy or give what they do n’t eat to someone who does n’t have enough.

The injury in wasting food is not just the wasted money or the unused opportunities to provide for the thirsty. What happens to foods waste is a less visible damage.

If it’s buried in waste, it releases methane, which is 20 to 30 times worse than carbon monoxide in trapping heat in the atmosphere. Wasted food accounts for 24 % of municipal solid waste in the United States, according to the US Environmental Protection Agency, making up the single most landfilled material in the country.

Compost or disposal are other options to waste. Both are great thoughts. Neither is a cure. According to what South Korea has done with them, as reported late in the Washington Post, one of the negative effects of food waste can be reversed.

Methane is the injury that the Koreans have abated. ” When South Korea started tackling this problem 20 years ago, it threw away 98 % of its food waste”, the Post reported. ” Today, 98 % of food waste is turned into feed, compost or energy, according to the South Korean Ministry of Environment”.

To put that in perspective, in the US only 40 % of food waste is recycled or composted.

To complete the alter, South Korea banned food scraps from waste. Everyone is required to maintain food waste and additional recyclables out of the garbage.

And South Koreans pay for the opportunity. Some people purchase waste bags from the state and place filled bags in garbage trucks along the streets. When trash is weighed in their room complexes, people record it on digital cards. Those found separating their meal spare are subject to fines.

Many of what’s collected is converted into renewable energy. Daejeon, a town of 1.5 million persons 85 miles north of Seoul, recycles 400 lots of food spend every moment into power that power and heats 20, 000 homes.

Composting is smaller. South Korea’s farmers do n’t like using food-waste compost as animal feed or fertilizer, it smells bad, has high levels of sodium and may contain the occasional toothpick.

All this suggests South Korea is certainly “doing something” about foods waste. What it is n’t doing, however, is cutting down on the quantity of it. Despite the problem and cost of citizens having to recycle it, the Post reported that the amount of food spare produced annually, which is about 5.5 million tons, has no significantly decreased over the past five years.

South Korea turned to recycling and composting because it has a population that is almost 52 million people, which is roughly equal to the number of people in Florida and Texas combined, and has an area that is the length of Indiana. South Koreans were complaining about odory waste and opposed to local incinerators.

Researchers doubt that South Korea, which has much more land and has fewer people per square mile, can achieve this feat. New York City, a densely populated city, has been attempting to promote compost, but its program just ran into financial difficulties.

However, if knockoff refiners and composters are unable to reduce food waste to the third stage like South Korea, significant sums of money will continue to go down the drain and some people will continue to get hungry.

These are issues that someone needs to address.

Previous lifelong Wall Street Journal Asia journalist and editor&nbsp, Urban Lehner&nbsp, is writer professor of DTN/The Progressive Farmer.

This&nbsp, content, &nbsp, previously published on&nbsp, September 2&nbsp, by the latter news business and then republished by Asia Times with authority, is © Copyright 2024 DTN/The Progressive Farmer. All rights reserved. Follow&nbsp, Urban Lehner&nbsp, on&nbsp, X @urbanize

Continue Reading

Ayutthaya braces for flash floods

An elderly man swims out to receive relief supplies in Bang Ban district of Ayutthaya. His home was inundated for weeks in 2021. (File photo: Pattarapong Chatpattarasill)
In the Bang Ban city of Ayutthaya, an old man swims out to collect supplies for relief. In 2021, his house was plagued for months. ( File photo: Pattarapong Chatpattarasill )

Residents in some areas of Ayutthaya should be prepared for flash floods as a result of a continued surge in the Chao Phraya River, which is being closely watched at two main water stations, according to the Royal Irrigation Department ( RID ).

People along the institutions of Khlong Bang Ban in Bang Ban area and the adjacent places of Phak Hai region in Ayutthaya, as well as those who reside close to Khlong Phong Pheng in Ang Thong, and those who live nearby.

Officials are closely monitoring the sections served by these two rivers because they are situated in low-lying grasslands.

A Facebook site,’ Ayutthaya Station’, has criticised the president’s inadequate handling of payment for locals currently impacted by the rising waters levels.

The division reported that the Chao Phraya bombardment dam’s waters discharge rate is now between 1, 400 and 1, 500 cubic meters per second, an increase from the previous week’s 900 to 1, 400 cubic meters per second.

The liquid stream recorded at the C13 Station, located near the Chao Phraya storm, was 1, 498 square feet per second. Also, on Wednesday, water passing through the C2 liquid depot in Muang city of Nakhon Sawan — inland from the Chao Phraya storm — rose to 1, 529 cubic metres per next.

In the coming days, Surasee Kittimonthon, Office of the National Water Resources ( ONWR ) secretary-general, predicted an increase in the water discharge rate from the C2 station to 2,500 cubic meters per second and from the C13 station to 2, 000 cubic meters per second due to the current, widespread rainfall.

Mr Surasee even mentioned that big rivers, such as the Bhumibol in Tak, Sirikit in Uttaradit, and Kwae Noi Bamrung Dan in Phitsanulok, also have sufficient capacity to hold more water. Additionally, catchment areas are being made available to divert extra fluids.

People living in areas affected by the swelling Chao Phraya River, including Chai Nat, Sing Buri, Ang Thong, Ayutthaya, Pathum Thani, and Nonthaburi, have been warned about the risk of display storms, Mr Surasee added.

However, Somkuan Tonjan, chairman of the Thai Meteorological Department’s Meteorological Observation Division, said that tropical storm Yagi is expected to bring more rainfall to the North and higher Northeast from Sept 8-13.

Continue Reading

Digital wallet handout funds “put Thai state-run banks at risk’

Sirikanya Tansakun, a list MP of the opposition People’s Party, discusses her concerns in Thailand's parliament about how the ruling Pheu Thai Party's digital wallet scheme will be financed, on Tuesday. (Photo: Nutthawat Wichieanbut)
Sirikanya Tansakun, a record MP of the criticism People’s Party, discusses her fears in Thailand’s parliament about how the decision Pheu Thai Party’s digital wallet program will get financed, on Tuesday. ( Photo: Nutthawat Wichieanbut )

The government plans to take money from five state-run banks to help fund the&nbsp, digital wallet structure, but the opposition has raised worries that the government does not recover it.

Sirikanya Tansakun, a record MP for the opposition Person’s Party, said it peculiar that the money taken from the banks, which totaled 35 billion baht, has not been designated for use as a loan for the program. &nbsp,

The Small and Medium Enterprise Development Bank of Thailand, the Bank for Agriculture and Agricultural Cooperatives, the Export-Import Bank of Thailand, the Government Housing Bank, and the Government Savings Bank ( GSB ) are the five banks that make up the five institutions.

The MP claims that if the money is spent on the program without a specific purpose, it could lead to the funds never being returned.

The political committee that is reviewing the costs budget bill, which is being amended as it passes through the second and third analyses, is led by Ms. Sirikanya. &nbsp,

The MP noted that the money used to fund ancient programs like those funded by the Abhisit Vejjajiva and Prayut Chan-o-cha services, as well as two billion baht taken from the GSB, are included in the budget that is anticipated to become saved for the program.

The GSB’s two billion ringgit are intended to provide low-interest loans to companies that suffered from the Covid-19 crisis. &nbsp,

We do n’t know where this digital wallet policy will go or whether there will be enough funds to implement it, according to Ms. Sirikanya. What the authorities intends to do if the money for the program are little are another issue. It’s all because there’s a persistent lack of clarity on how money will be sourced to ensure it is implemented” .&nbsp,

She claimed that the confusion is getting worse as the new cabinet is being sworn in and the prime minister’s policy statement is being delayed. &nbsp,

Continue Reading

China rolls out the red carpet for African leaders

EXPANDING INFLUENCE On Monday, President Xi Jinping met with Democratic Republic of the Congo Felix Tshisekedi, state news agency Xinhua said. China has a significant presence in the DRC, where it is keen on tapping vast natural resources including copper, gold, lithium and rare earth minerals. But it has grappledContinue Reading

Singapore proposes new law allowing police to stop bank transfers

SINGAPORE: Singapore is planning to introduce a new law that would enable police to order banks to restrict the accounts of individuals suspected to be targets of scams.

The proposed law, called the Protection from Scams Bill, will be introduced in the coming months, according to a statement from the Home Affairs Ministry on Friday (Aug 30).

Under this law, Singapore bank accounts and credit cards could be frozen without the account holders’ consent.

The Home Affairs Ministry said the number of scam cases involving victims voluntarily transferring money to scammers remains high, despite safeguards such as a “kill switch” that allows individuals to freeze their bank accounts if they suspect their accounts have been compromised.

It said 86% of reported scams in the first half of 2024 were “the result of self-effected transfers.”

Restriction orders will be issued only for scams conducted remotely, such as via phone calls, SMSes, or online platforms, the ministry said.

The orders would be for an initial period of 28 days and could be extended afterwards.

Individuals who have been locked out of their bank accounts can apply to the police to access their money to pay bills or for regular daily spending. They can also appeal to the Minister for Home Affairs if they disagree with the police’s decisions.

The ministry is seeking public feedback on the new Bill until the end of September. – Bloomberg

Continue Reading

PM confident there will be no repeat of 2011 floods

Prime Minister Paetongtarn Shinawatra, right, and her team from the Pheu Thai Party visit flooded areas and victims in Sukhothai's Sawankhalok district yesterday. Pheu Thai Party
Prime Minister Paetongtarn Shinawatra, right, and her team from the Pheu Thai Party visit flooded areas and victims in Sukhothai’s Sawankhalok district yesterday. Pheu Thai Party

Bangkok will not be flooded because water levels in the capital and the weather are unlikely to conspire to produce conditions equal to or worse than those recorded before the 2011 disaster, said Prime Minister Paetongtarn Shinawatra.

Speaking during a visit to people whose houses and farms have been flooded in Sukhothai yesterday, she stated that the water level was beginning to drop and that she wanted to concentrate on aiding local communities.

She said she had spoken to a lot of people on her visits to the flooded areas and become aware of their present difficulties.

“Things are beginning to improve. The water level is beginning to drop. Every time there is flooding, there is a lot of loss and suffering. Therefore, I want to concentrate on assisting the people,” she said.

When asked about the official reports of a mass of water flowing down from the North to the Central region and Bangkok, Ms Paetongtarn said that the upper dams could store adequate water to mitigate against floods further downstream.

“Bangkok won’t experience flooding. Additionally, no storms are predicted. So, Bangkok is safe,” she declared.

When asked if the overall water situation this year would be like the Big Flood in 2011, she confirmed that it was definitely not as frightening as it was when five separate storms in October 2011 caused widespread damage across the city.

But now it is predicted that there will be two storms or maybe none at all in the country, she said.

When asked if there had been any preparation for the possible increase in rainfall from September to October, the prime minister said there had been sufficient preparation.

She said the year’s rainfall would not be as high as in 2011.

Meanwhile, in Nakhon Phanom, in the northeastern region, authorities have declared Na Thom and Sri Songkhram districts as disaster zones after three major tributaries of the Mekong River burst their banks, flooding more than 20,000 rai of paddy fields in the two districts.

According to a source, the water level in the Mekong River rose to almost 11 metres yesterday, just one metre below the overflow level.

This caused three major tributaries of the Mekong River — the Nam Oun, Nam Songkhram and Nam Yam rivers — to overflow, sending a large volume of water to flood more than 20,000 rai of fields in Sri Songkhram and Na Thom districts.

Provincial authorities declared the two flooded districts as disaster zones yesterday.

All boats in those areas must be equipped with safety gear, and drivers have been told to exercise more caution.

Continue Reading

FinanceAsia Achievement Awards 2024: entries are now open | FinanceAsia

FinanceAsia’s annual Achievement Awards recognises excellence in bringing together those issuers, banks, investors, advisors and other market participants, who are working hard to develop and expand Asia Pacific’s (Apac) financial markets.

This year, for the first time, we are also looking to recognise excellence in the fast-growing markets of the Middle East.

We are looking to recognise the standout companies and strategies that are redefining the way issuers and investors are interacting with markets and adapting to evolving regulatory requirements and diverse needs, amid an increasingly competitive environment.

There are both Deal awards and House awards across a range of categories and markets. For more details please see here for Apac and here for the Middle East. 

In addition, our Deal Maker Poll rewards individuals who have been instrumental in closing some of the region’s most ambitious deals over the last 12 months.

The timeline for the deals is October 1, 2023 to September 30, 2024.

We look forward to your participation and seeing your entries! Please click here to find out how to enter at our dedicated Awards website. For frequently asked questions click here and for list of our experienced judges see here

Key dates: 

August 19: Awards’ launch

Early-bird entry deadline: September 6, 2024

Main entry deadline: September 19, 2024 

Entries’ evaluated by judges: October 2 to November 6, 2024 

Winners’ announced: November 2024 

Awards’ ceremony: February 2025, date TBD  


¬ Haymarket Media Limited. All rights reserved.

Continue Reading