Hong Kong strives to revive: industry to meet as city seeks new attractions

Article Abstract:

Hong Kong is struggling to revive its ailing tourist industry after the city's 100 Days of Wonder failed to attract foreign visitors. Analysts believe that the reluctance of tourists to visit the country is not caused by inefficient promotions or by post-handover uncertainties but by the city's exorbitant prices. Tourist arrival from countries such as the Philippines, Indonesia, and Malaysia has declined by some 35% from 1996. The local hotel industry points to the region's currency problem as one of the causes of the decline along with the absence of new attractions for tourists.

Economic aspects, Hong Kong, Southeast Asia

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Suharto empire weakens

Article Abstract:

The Lilybank Lodge in Lake Tekapo, New Zealand, that is owned by Tommy Suharto, the youngest son of former Indonesian Pres Suharto, has been closed and put up for sale by its manager Gerard Olde-Olthof. The decision to sell the lodge was prompted by investigations by New Zealand tax authorities on Olde-Olthof's business affairs and complaints from concerned citizens and Tekapo's townfolks. The manager claimed that the luxury hunting lodge was never profitable and the Suhartos never showed concerns for it since it opened in 1995

Financial management, New Zealand, Finance, Hotels and motels, Suharto, Hunting lodges, Olde-Olthof, Gerard

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Getting down to business in Myanmar: abundant resources, minimal red tape draw investor attention

Article Abstract:

A growing number of investors are taking increasing interest in Myanmar, attracted by its huge potential for profits. Intent on reversing the impact of years of isolation and boosting social and economic development, the government of Myanmar has pulled out all the stops to encourage foreigners to visit the country. Tourists are given free rein to roam the country. However, there is still the need to avoid political discussions.

Myanmar

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