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Tourist arrivals rise 3.15% in ’18

Myanmar received over 3.55 million foreign tourists last year, a 3.15 percent increase over the 3.44 million in 2017, according to the Ministry of Hotels and Tourism. “During 2018, tourist arrivals from western countries were low, and most visitors came from Asia, so the amount of tourism income will be different than last year, but […]

EU’s threat to scrap trade preferences spurs Myanmar’s reforms

Economic reform is getting a second wind in Myanmar as the government tries to lure back foreign investors scared away by reports of human rights abuses against the country’s Rohingya Muslim minority. The government has announced the easing of restrictions on foreign banks and the creation of a new ministry to oversee foreign investment in […]

The EU’s Tariff Threats Against Asia’s Autocrats Risk Backfiring

The European Union is threatening to slap tariffs on Asian leaders who abuse their power, a move that risks upending several key garment-producing nations in the region. Last month, the EU told Cambodia it would start the process of withdrawing tariff-free access for most goods under the “Everything But Arms” initiative, saying its July election […]

Skin cure fad driving Myanmar elephant poaching surge: WWF

YANGON: Myanmar’s wild elephants are being poached in record numbers with at least 20 killed this year due to surging demand for their hide, WWF said Monday, warning the species is facing a “crisis”. Hunters are increasingly targeting mothers and calves, using poisoned arrows to inflict a slow and agonising death before stripping them of […]