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☆ 'They just come, take a nice selfie ... and leave.' Overtourism returns, but cities are fighting back
  + stars: | 2023-10-09 | by ( Monica Pitrelli | ) www.cnbc.com   time to read: +7 min
Many cities have come full circle to worrying about too many tourists rather than too few. "They just come, take a nice selfie, publish them on social media, increase the popularity of this place … and leave," she said. And an additional 50 million international tourist arrivals are expected per year — mostly from Asia — between now and 2030, according to the U.N.'s World Tourism Organization. James Matsumoto| Sopa Images | Lightrocket | Getty ImagesSome travelers supported Bhutan's $200 per day Sustainable Development Fee, which was announced in 2022. Managing 'tourist flow'The United Nations World Tourism Organization secretary-general, Zurab Pololikashvili, told CNBC Travel that the key to overcoming overtourism lies in "tourist flow."
Persons: Lionel Saul, Tatyana Tsukanova, What's, Tsukanova, Reinhard Hormandinger, Saul, Jesus Merida, It's, Luca Zanon, Ivan Saprov, Saprov, Miyajima, James Matsumoto, Zurab Pololikashvili, overtourism, Jon Hicks, —, Darrell Wade, Reinhard Hoermandinger Organizations: Hospitality Business, United Nations, Asia —, Tourism Organization, South, Afp, Getty, Guardian, daytrippers, CNBC, United Nations World Tourism Organization, CNBC Travel, Stone, Japan Times, Intrepid Travel Locations: Lausanne, Switzerland, Asia, South Korean, Machu Picchu, Peru, Acropolis, Athens, Borobudur, Indonesia, Sardinia, Venice, Bora Bora, Amsterdam, Spanish, Malaga, Spain, France, trialing, daytrippers . New, Valencia, Manchester, England, Thailand, Iceland, U.S, Bali, Germany, Yogyakarta, Labuan Bajo, Lake Toba, Austria
☆ Metals-rich Indonesia’s IPO market is so red-hot it’s thrashing Hong Kong and India
  + stars: | 2023-05-28 | by ( Anna Cooban | ) edition.cnn.com   time to read: +7 min
It has overtaken Hong Kong — long one of the top IPO markets — for the first time since 1995, and is outpacing economic powerhouses India, South Korea and Japan. Global IPO slowdownPart of Indonesia’s IPO success this year can be explained by lackluster performances elsewhere. The US IPO market, usually the world’s largest, has suffered given its reliance on particularly rate-sensitive tech companies, Lee said. Mining company Harita Nickel raised $660 million in its market debut last month, Indonesia’s biggest listing so far this year. “Our increasing conviction in [Indonesian companies] comes from how its government maximizes the potential of its bountiful raw materials,” he wrote.
☆ ASEAN must show unity to tackle Myanmar's escalating crisis, Indonesia president says
  + stars: | 2023-05-11 | by ( Kate Lamb Ananda Teresia | Kate Lamb | Ananda Teresia | ) www.reuters.com   time to read: +2 min
LABUAN BAJO, Indonesia May 11 (Reuters) - Myanmar's ruling military has made no significant progress on implementing a peace plan agreed with ASEAN two years ago and the bloc must show unity in deciding how to address the escalating crisis, Indonesia's president said on Thursday. On (the) implementation of the 5PC, there has not been significant progress," he said. "Therefore, ASEAN unity is required to decide on the next steps." The army has been fighting on multiple fronts against ethnic minority rebels and militias in a growing, pro-democracy resistance movement. Reporting by Kate Lamb; Writing by Ananda Teresia; Editing by Martin PettyOur Standards: The Thomson Reuters Trust Principles.
☆ Southeast Asian leaders pledge crackdown on human traffickers online scams
  + stars: | 2023-05-10 | by ( Kate Lamb | ) www.reuters.com   time to read: +2 min
LABUAN BAJO, Indonesia, May 10 (Reuters) - Southeast Asian leaders pledged on Wednesday to crack down ononline scams operated by human traffickers to prey on vulnerable job seekers, particularly in the poorest countries of the region. Meeting in Indonesia for a summit of the Association of Southeast Asian Nations, the leaders called for a regional approach to combat human trafficking. Issuing the first declaration by ASEAN on the danger of traffickers' cyber scams, the leaders noted "the increasing abuse of technology in facilitating trafficking in persons in Southeast Asia and globally, proliferated through the use and abuse of social media and other online platforms". There has been a spike in cases of people enslaved in cyber scams, and more than 1,000 victims have been rescued just in recent days. ASEAN's efforts to combat human trafficking will include enhancing the capacity of law enforcement agencies to investigate, collect data, exchange information and conduct joint exercises, the declaration said.
☆ Myanmar conflict centre stage as Southeast Asian leaders hold summit
  + stars: | 2023-05-09 | by ( Kate Lamb | ) www.reuters.com   time to read: +3 min
"Will ASEAN only be silent or will ASEAN be able to become the driver or peace or growth? The prime minister of East Timor, a former Portuguese colony bordering Indonesia that is seeking ASEAN membership, stressed the need to restore order in Myanmar. "We also have the obligation to push ASEAN and the international community to create peace in Myanmar," Taur Matan Ruak said. Indonesia has also been quietly engaging Myanmar's military, its shadow government and armed ethnic groups to try to kick-start peace talks. But some have called on ASEAN to take a harder line with Myanmar's junta.
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