One
of the few shares I hold is in the Singapore listed company,
Hyflux
which provides water purification mainly in China.
A
recent article at CNN News reinforces the power in this
idea.
The
article points out that scientists say that 40 percent
of humanity,
living in South Asia and China, could run out of drinking
water within
50 years because Himalayan glaciers, the region's main water
source,
are melting.
The
article shows pictures of how the glaciers has been shrinking
since
the 1800s and point out that these glaciers supply 303.6
million cubic
feet every year to Asian rivers, including the Yangtze and
Yellow
rivers in China, the Ganges in India, the Indus in Pakistan,
the
Brahmaputra in Bangladesh and Burma's Irrawaddy.
A
quote in the article says that if the current scenario
continues,
there will be very little water left in the Ganges and its
tributaries.
The
article says that a World Wide Fund report published in
March said
a quarter of the world's glaciers could disappear by 2050
and half by
2100.
The
situation is critical because, unlike in other parts of
the world,
the glaciers are the main source for drinking water.
About
67 percent of the nearly 12,124 square miles of Himalayan
glaciers are shrinking. The Gangotri glacier, the source
of the Ganges
River is contracting 75 feet a year. The Khumbu Glacier in
Nepal has shrunk more than 3 miles since the 1950s.
You
can read the entire article at http://ir.asiaone.com.sg/hyflux/news/20050912_001.html

More
on water is at http://www.waterbank.com/
This
is one more confirmation of the idea invest in water!
One
place to do this is via the Singapore Stock Exchange. A
September
15, 2005 article about water companies in Singapore says:
"DEEP
in the recesses of a nondescript building on Singapore's
Havelock
Road, engineers William Yong and Alastair McNeil are hard
at work
designing two state-of-the-art water treatment plants. "Nothing
remarkable about that - except that the plants will be
built
not here, or even in Asia, but in the American states of
Texas and
Illinois.
"For
years, while Singapore built its vast network of water
pipelines
and treatment plants, it imported expertise. Now expertise
developed
here is being applied to overseas projects.
"Buoyed
by easy access to capital, a rapidly growing regional market
and a Government eager to try out new technologies, Singapore
is fast
becoming a centre for excellence in the water industry.
"Although
no one tracks the number of water companies setting up
shop
here, membership of the Singapore Water Association has gone
from 36 to
81 since its inception last December.
"The
association provides a platform for industry players
to network
and share ideas and technologies. "The
timing of this boom is perfect, coinciding as it does with
looming
threats of a global water crisis, rampant desertification
and water
pollution.
"The
United Nations says 1.1 billion people - or about one in
every six
people worldwide - already have insufficient drinking water.
And the
number is likely to deteriorate to one in four by 2050."
Gary
|