UN Says Meth Boom Sweeping Asia

UN Says Meth Boom Sweeping Asia

By Agence France-Presse on 1:48 pm November 8, 2013.
Bangkok. The United Nations on Friday sounded the alarm over record seizures of methamphetamine across much of Asia as the illegal drug floods streets and clubs. Last year 227 million methamphetamine pills were seized in East and Southeast Asia — up 59 percent from the year before and a more than seven-fold increase compared with 2008, the United Nations Office on Drugs and Crime (UNODC) said.“If you look at the five year trends, since 2008 the seizures have increased pretty exponentially,” said UNODC regional analyst Shawn Kelley, who said data suggest the trend has continued into 2013.

He said the “huge spike” was due to increased efforts by law enforcement agencies as well as soaring production in Myanmar and an increase in the smuggling of drugs into Asia from other regions.

Seizures of potent crystal meth also increased, jumping 12-fold in Myanmar, 10-fold in Brunei, 91 percent in Hong Kong, 75 percent in both Indonesia and Cambodia, and 33 percent in Japan.

In its pill form, methamphetamine — known in Thailand as “yaba,” which means “crazy medicine” — is used both as a party drug and pick-me-up for those working long hours.

Between them China, Thailand, Myanmar and Laos seized 99 percent of all yaba in East and Southeast Asia, according to the UNODC report.

All countries showed significant increases on a year earlier, with Thai authorities netting 95.3 million pills — a 93 percent increase — while Chinese seizures rose 25 percent to 102.2 million and Myanmar’s more than tripled to 18.2 million.

Much of the methamphetamine seized in Thailand is thought to be produced in neighboring Myanmar.

Before the country began opening up to the world under a new reformist government in 2011, it was believed that rebels were increasing drug production to buy weapons amid tensions with the then-ruling junta.

“But now it’s still going on,” said Kelley, despite ceasefire deals between Myanmar’s new quasi-civilian government and many of the armed ethnic minority groups.

The drug is mostly made in isolated mobile laboratories hidden in the forests of Shan State in eastern Myanmar, which is also the second-largest global source of opium after Afghanistan.

But at least one major “fairly sophisticated large lab” was discovered in 2012, with quantities of meth suggesting “industrial production”, said Kelley, adding that some well-organized groups had financing from outside the country.

In Thailand the use of methamphetamine has become a major public health issue, said Kelley, with signs that traffickers are pushing “promotional sales” of the more potent crystal meth to develop the market.

The country saw a 63 percent increase in people admitted for treatment for yaba last year, to 245,920. The number of those given help for crystal meth, while still smaller at 16,500, was more than double the previous year.

Agence France-Presse

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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