Land‐use change and agricultural expansion have caused marked biodiversity loss in Southeast Asia, but impacts on freshwater communities have been very little studied. Semi‐aquatic bugs are abundant in streams, provide prey for many other animals, and are sensitive to environmental change, making them a relevant group for studying land‐use change. We investigated the effects of logging and conversion of forest to oil palm plantations on semi‐aquatic bugs in Sabah, Malaysia, and the potential value of retaining riparian buffer strips in plantations, by sampling across 12 rivers along an existing land‐use gradient. We recorded catchment, riparian, and stream‐scale environmental variables and surveyed semi‐aquatic bugs within streams in old‐growth forest, logged forest, and oil palm plantation with (OPB) and without buffer strips (OP). We recorded the abundance, richness, total biomass, and proportion of juveniles and winged adult individuals of all species, together with the sex ratio of a common morphospecies (Ptilomera sp.), as possible indicators of disturbance effects. Average abundance and average richness, but not total biomass, of all semi‐aquatic bugs were lower in areas with higher habitat disturbance. In particular, average abundance in old‐growth forest was more than two, four, and six times higher than that in logged forest, OPB, and OP, respectively. Average richness in old‐growth forest was higher than in logged forest by two species, but more than two and three times higher than in OPB and OP, respectively. The presence of riparian buffer strips in oil palm had little effect on the abundance and richness of semi‐aquatic bugs. We found no significant differences in the proportion of juveniles, winged adult individuals, or the sex ratio of Ptilomera sp. along the disturbance gradient. In conclusion, oil palm plantations were associated with lower average abundance and richness of semi‐aquatic bugs than forest sites, but community composition did not differ markedly between logged and old‐growth ...