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Myanmar Business Today - Vol 2, Issue 15


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Myanmar Business Today is Myanmar’s first and the only bilingual (English-Myanmar) business newspaper, distributed in both Myanmar and Thailand. MBT covers a range of news encompassing local business …

Myanmar Business Today is Myanmar’s first and the only bilingual (English-Myanmar) business newspaper, distributed in both Myanmar and Thailand. MBT covers a range of news encompassing local business stories, special reports and in-depth analysis focusing on Myanmar’s nascent economy, investment and finance, business opportunities, foreign trade, property and real estate, automobile, among others. MBT also provides detailed coverage of regional (ASEAN) and international business stories. For more information please visit
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  • 1. April 10-16, 2014 Myanmar Business Today Inside MBT April 10-16, 2014| Vol 2, Issue 15MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL Myanmar Summary Myanmar Summary Contd. P 12... Contd. P 12... Contd. P 21... Contd. P 21... Myanmar Gets A Leg Up to Revamp Public Finance System Secures $55-m World Bank loan Pann Nu T he government last week received ap- proval to a multi- million to overhaul My- nance system, donors of The World Bank will credit from the Interna- tional Development As- sociation (IDA) for the Modernization of Public Finance Management Project, while the Austral- ian government and the UK’s Department for In- ternational Development the project through a multi-donor trust fund for Myanmar by provid- The project aims to sup- and responsive delivery of public services through the modernisation of My- management systems, the The project will also help strengthen revenue administration, which is expected to increase the non-tax revenue mobi- enues in turn will create expenditure on public ser- vices that will help reduce poverty, the Washington- The bank said the pro- ject will also “improve service delivery through urÇmhbPf tjynfjynfqdkif &mzGHUNzdK;wdk;wufa&;tzGJUtpnf; BuD;rS acs;aiG tar&duefa':vm oef; 30 tm; trsm;jynfol qdkif&m b@ma&;pDrHcefYcGJrIpDrHudef; twGuf jrefrmEdkifiHudk axmufyHh ay;oGm;rnfjzpfNyD; MopaMw;vs tpdk;&ESifh,lautjynfjynfqdkif &mzGHUNzdK;wdk;wufa&;Xme(UKAID) wdkYrS tar&duefa':vm 8 'or 5 oef;ESifh tar&duefa':vm 16 'or 5 oef;toD;oD;pDudk vnf; yl;aygif;axmufyHhrIrsm; jyKvkyfoGm;rnfjzpfaMumif; od& onf/ ,ckpDrHudef;taejzifh jrefrm EdkifiHtrsm;jynfolqdkif&mb@m a&;&mpDrHcefYcGJrIpepfrsm;tm; acwfrDwdk;wufvmapjcif;jzifh trSefwu,fxda&mufaumif;rGef NyD; wm0efcHEdkifrI&Sdaom trsm; jynfol0efaqmifrIrsm;udkaxmufyHh ay;oGm;Edkif&efjzpfaMumif; urÇmh bPfrS ajymMum;cJhonf/ ,if;pDrHudef;taejzifh 0ifaiG pDrHcefYcGJrIudk ydkrdkcdkifrmvmap&ef twGufvnf; tultnDay;Edkif rnfjzpfonf/ 0ifaiGydkrdkwdk;wuf vmjcif;tm;jzifh toHk;p&dwfudk Irresistible getaways! Book now till 13 April 2014 Travel now till 31 July 2014 Fly from Yangon (4x Daily**) / Mandalay (Daily flights) Fly from Yangon (2x Daily) Kuala Lumpur Bangkok USD* 5 Lowest fare only @ Find more @ ask f Yangon : No 37, Level 1, Room 111, La Pyae Wun Plaza, Alan Pya Pagoda Road, Dagon Township AirAsia Travel & Service Centre 01-370 847, 09 2540 49991-3 Mandalay : Room 3, 26th (B) Road, between 78th and 79th Road, Mandalay 09 42 111 7111 Many more destinations from Yangon Phuket Siem Reap Hong Kong Ho Chi Minh City Macau *Airport taxes and fees apply. Promotion seats are limited and may not be available on all flights, public holidays, school breaks and weekends. A payment processing fee is applicable to all payments made via credit, debit or charge cards. Our other terms and conditions of carriage apply. ** 2x Daily effective from 21 April 2014. Our Authorized Agents: Sun Far Travel 01-243993, 02-74333, 01-255338 Seven Diamond Travels 01-203549, 02-72868, 01-500712 Than Than Travel 01-704190, 09-5007350, 01-255035 Columbus Travel & Tours 01-229245, 378535, 09-250026030 Nice Fare Travel 01-393088, 02-30833, 01-384274 UA Ticketing/Tour 09-5402525, 02-22311, 067-8420031 as well as other authorized AirAsia agents across Myanmar USD*46 Growth Outlook Positive Phyu Thit Lwin T he International Monetary Fund (IMF) last week said Myanmar’s econom- ic outlook is “favourable” slim international reserve pose a challenge to the Southeast Asian nation which initiated sweeping economic reforms in the Myanmar’s real GDP Minzayar/Reuters cal year (year ending percent, led by services, and is expected to rise based lender said follow- ing the completion of its gram (SMP) with Myan- jrefrmEdkifiHpD;yGm;a&;t vm;tvmonfoabmusESpf NcdKufp&mtaetxm;&Sdaeaomf vnf;vGefcJhonfhESpftenf;i,f twGif;pD;yGm;a&;jyKjyifajymif;vJ rIrsm;udktaumiftxnfazmf aqmif&GufcJhaomjrefrmEdkifiHt wGuf aiGaMu;azmif;yGrIrSm pdef ac:csufwpf&yftjzpf&Sdae aMumif;tjynfjynfqdkif&maiG P-7 Ericsson Bags Telenor Myan- IFC Taps Myanmar Hotel
  • 2. April 10-16, 2014 Myanmar Business Today 2LOCAL BIZ MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL Board of Editors Editor-in-Chief - Sherpa Hossainy Email - Ph - 09 42 110 8150 Editor-in-Charge - Wai Linn Kyaw Email - Ph - 09 40 157 9090 Reporters &Writers Sherpa Hossainy, Kyaw Min, Wai Linn Kyaw, Shein Thu Aung, Phyu Thit Lwin, Aye Myat Yasumasa Hisada, Pann Nu Art & Design Zarni Min Naing (Circle) Email - Ph - 09 7310 5793 Ko Naing Email - Ph - 09 730 38114 DTP May Su Hlaing Translators Shein Thu Aung, Phyu Maung, Wai Linn Kyaw Advertising Seint Seint Aye, Moe Hsann Pann, Htet Wai Yan, Zin Wai Oo Advertising Hotline - 09 420 237 625, 09 4211 567 05, 09 31 450 345 Email - Managing Director Prasert Lekavanichkajorn 09421149720 Publisher U Myo Oo (04622) No. 1A-3, Myintha 11th Street, South Okkalapa Township, Yangon. Tel: 951-850 0763, Fax: 951-8603288 ext: 007 Shwe Naing Ngan Printing (04193) Printing Subscription & Circulation Aung Khin Sint - 09 20 435 59 Nilar Myint - 09 4210 855 11 Khaing Zaw Hnin - 09 4211 30133 Business News in Brief Tanintharyi plans 5 power plants despite pro- tests The regional government of Tanintharyi in southern The projects will go ahead if the World Bank and the Union Ministry of Electric Power approve the EIA and SIA reports, Electrical and Industry Minister Win Swe REE to enter Myanmar market Vietnam’s Refrigeration Electrical Engineering (REE) Group is planning to enter the Myanmar market, Viet- east Asian country’s market by joining a project devel- oped by Vietnamese property giant Hoang Anh Gia Lai Cruise ship arrival in Myanmar hits record The number of cruise ships visiting Myanmar in the A total of 11 ships came to the country – six in Febru- Amara Holdings Ltd announces Myanmar Company incorporation Holdings Ltd has incorporated a wholly owned group subsidiary, Myanmar Central Investment Pte Ltd, in formed a JV with a local partner to develop hotels and engage in other real estate projects in Myanmar, in- IFC to help YESB go private A new power generation project will be jointly im- plemented by the World Bank’s private lending arm International Finance Cooperation (IFC) and Yangon City Electricity Supply Board (YESB), according to lo- into a corporation and IFC is now conducting a survey on electricity consumption, power charges and supply the new entity and Myanmar government will hold the Foreign investment brings over 150,000 jobs Foreign investment in Myanmar has created more amount of foreign investment into Myanmar exceeded 100 log trucks stuck in ports Thilawa ports after a country-wide deadline banning after the state-owned Myanmar Timber Enterprise de- Myanmar yielding oil for Interra Resources is the sixth well to be completed as an oil producer in US Energy Information Administration said crude oil production in Myanmar is “minimal” though increas- Myanmar Summary a'ocHjynfolrsm;rSqE´jyrIrsm;&SdaeaomfvnfjrefrmEdkifiHawmif ydkif;weoFm&Dwdkif;a'oBuD;tpdk;&taejzifh50r*¾g0yfrS2640r*¾g0yf txdxkwfvkyfEdkifonfhausmufrD;aoG;oHk;vQyfppf"mwftm;ay;puf½Hk ig;ckudkwnfaqmufoGm;&efqHk;jzwfcJhaMumif; od&onf/ AD,uferfEdkifiH Refrigeration Electrical Engineering (REE) Group onfjrefrmhaps;uGufodkY0ifa&muf&efjyifqifaeaMumif; Viet- nam Economic Times rS owif;azmfjycJhonf/REE onf AD,uferfEdkifiHtdrfNcHajrvkyfief;BuD;jzpfaom HoangAnh Gia Lai (HAGL)onf&efukefwGiftar&duefa':vmoef;300yrmP&Sd onfhpDrHudef;wGifyg0ifjcif;jzifhjrefrmhaps;uGufodkY0ifa&mufvmrnf jzpfaMumif;od&onf/2014ckESpfyxroHk;vwmtwGif; jrefrmEdkifiH odkYa&muf&Sdvmonfhc&D;onfwifoabFmyrmPonf2013ckESpf wpfck vHk;wGifa&muf&SdcJhonfhyrmPxufausmfvGefcJhNyDjzpfaMumif;jrefrmhqdyf urf;tmPmydkifrsm;tcsuftvufrsm;t&od&onf/ azazmf0g&DvwGif oabFmajcmufpD;? rwfvwGif ig;pD; pkpkaygif; 11 pD;a&muf&SdvmcJhonf/ 2013 ckESpfwGif oabFmtpD;a& &SpfpD; a&muf&SdvmcJhum c&D;onfaygif; 4000 ausmf&SdcJhaMumif; od&onf/ ,ckESpftwGif; aemufxyfc&D;onfwifoabFm 19 pD;txda&muf&Sd vm&ef tpDtpOf&SdaeaMumif;vnf; od&onf/ pifumyltajcpdkuf[dk w,fESifhtdrfNcHajr vkyfief;jzpfaom Amara Holdings Ltd onf Myanmar Central Investment Pte Ltd ESifh vkyfief;yl;aygif;cJhNyDjzpf aMumif;od&onf/vGefcJhonfhESpfwGif[dkw,fESifhtjcm;tdrfNcHajrpDrH udef;rsm;tm;aqmif&Guf&eftwGuf jynfwGif;vkyfief;wpfckESifhvnf;t usKd;wlyl;aygif;rIwpfckudk jyKvkyfcJhaMumif; Amara rS ajymMum;cJhonf/
  • 3. April 10-16, 2014 Myanmar Business Today 3
  • 4. April 10-16, 2014 Myanmar Business Today LOCAL BIZ 4 Myanmar Summary Myanmar Summary Myanma Petrochemical Invites Foreign Investors to Operate LPG Plant Kyaw Min M yanmar’s state-owned Myanma Petrochemi- cal Enterprise (MPE) under the Ministry of Energy has invited letters of expression of interest (LEI) from foreign petroleum gas plant at Nyaung Don on a joint-venture basis, according to an announcement in state-run New Light of My- The last date for submission MPE said in intends to im- plement joint venture between MPE and interested foreign in- vestors “who have the ability in terms of worldwide experiences in LPG production, storage, dis- tribution, marketing and servic- for long term cooperation with respect to business expansion and enhancing the existing fa- - tion, storage, distribution and marketing to operate” the LPG However, MPE said “no tel- ephone enquiries shall be al- lowed” with regards to getting further information, which has to be obtained physically at the MPE’s Planning Department in pGrf;tif0efBuD;Xmevufatmuf&Sd EdkifiH ydkif jrefrmha&eH"mwkvkyfief;rS anmifwkef; NrdKUe,fwGif toHk;jyKvQyfppf"mwftm;ay;puf½Hktm; tusKd;wlyl;aygif;rIjzifhaqmif&GufoGm;&ef twGuf EdkifiHjcm;&if;ESD;jr§KyfESHolrsm;udk zdwfac:aeaMumif; od&onf/pdwf0ifpm; onfh&if;ESD;jr§KyfESHolrsm;taejzifh arv 15 &ufaeYxuf aemufrusbJ vkyfief; tqdkjyKvTmrsm;udk wifoGif;oGm;&rnfjzpf aMumif; od&onf/ jrefrmha&eHESifh"mwkvkyfief;vufatmuf &Sdvkyfief;rsm;udk pdwf0ifpm;onfh EdkifiHjcm; &if;ESD;jr§KyfESHolrsm;udk tusKd;wlyl;aygif; aqmif&GufEdkif&efzdwfac:xm;NyD;vkyfief; wdk;wufzGHUNzdK;vmaprIrsm;wGiftawGUt BuHKaumif;rsm;&SdaomEdkifiHjcm;&if;ESD;jr§KyfESH olrsm;tm;a&G;cs,foGm;rnf jzpfonf/ Mann Yadanarpon to Extend Domestic Routes Pann Nu M yanmar’s newest pri- vate airline Mann Yadanarpon will ex- - mestic routes with its newly purchased second aircraft, a top Mandalay-based Mann Yadan- arpon, the country’s ninth do- mestic airlines, will add Myit- kyina, Lashio, Dawei, Myeik, Sittway and Kawthoung as its new destinations, U Kyaw Myo, Italian airplane manufacturer Avions de transport régional (ATR), arrived from France last “To serve the growing num- ber of passengers we have purchased another plane and we will expand our schedules more,” said U Kyaw Myo, CEO Yangon, NyaungU, Mandalay, Heho, Kengtung and Tachileik U Kyaw Myo said the domes- tic carrier will buy one Airbus - ternational routes within three In addition to its scheduled will also serve as a chartered U Kyaw Myo said delivery of Myanmar Investment Com- mission granted domestic and licence to Mann Yadanarpon on ref;&wemyHkavaMumif;vdkif;onf jyifopfEdkifiHrS 0,f,lxm;aom 'kwd, ajrmufav,mOf ATR 72 – 600 av ,mOfopfjzihf vuf&SdysHoef;ajy;qGJaeaom jynfwGif;c&D;pOfrsm;tjyif jrefrmEdkifiH NrdKUig;NrdKUodkYvnf; wdk;csJUysHoef;rnfjzpfNyD; vkyfief;pwifonfh wwd,ESpfcefYwGif Airbus A 320 av,mOfrsm;jzifh jynf wGif;? jynfyc&D;pOfrsm;yg wdk;csJUajy;qGJ oGm;rnfjzpfaMumif; od&onf/ jyifopfEdkifiH Avions de Transport Regional ukrÜPDrSaemufqHk;ay:xkwfvkyf xm;aom c&D;onfckepfOD;qHh Turbo- propav,mOfudkref;&wemyHkavaMumif; vdkif;rSxyfrH0,f,lcJhNyD; jrpfBuD;em;?vm;½Id;? Nrdwf? xm;0,fESifh aumhaomif;ponfY NrdKUBuD;rsm;odkY c&D;pOfwdk;csJUysHoef;oGm;rnf jzpfaMumif; od&onf/ ref;&wemyHkavaMumif;vdkif;onf jrefrmEdkifiHudk;ckajrmufavaMumif;vdkif; jzpfNyD;ref;&wemyHkavaMumif;vdkif; c&D;pOftrSwfrsm;azmfjy&efInternational Air Transport Association uav aMumif;vdkif;oauFw7YudkowfrSwf ay;xm;onf/ref;&wemyHkavaMumif;vdkif; rSjynfwGif;yHkrSefc&D;pOfrsm;tjyifjynfwGif; ESifha'otwGif;pif;vHk;iSm;c&D;rsm;vnf; ysHoef;ajy;qGJrnfjzpfaMumif;od&onf/ CMC QuentinBonnet
  • 5. April 10-16, 2014 Myanmar Business Today LOCAL BIZ 5 Myanmar Summary CIL Sets up Myanmar Factory as Gov’t Bans Raw Timber Exports Wai Linn Kyaw S ingapore-based wood - corde Industries Ltd (CIL) has launched its saw milling facility in Yangon last week, the company The move comes as Myanmar authorities suspended unprocessed log export starting last Tuesday to protect the country’s rapidly decay- ing forest reserves and biodiversity, mainly due Philippe Maudet, gen- eral manager of CIL, said this move from being an FOB player in the teak - ing in processing facilities in Myanmar “would en- able CIL to better service the growing demand for lumber in the developed - tory will process about annually, said CIL, which percent foreign-invested export its products to the European countries, it woods factory gives My- anmar a chance to ex- saw mill investment is a step in the implemen- tation of the company’s strategy to participate with Myanma Timber Enterprise and Myanmar government in promoting growth and development Maudet said CIL would be working closely with the Ministry of Environ- mental Conservation And Forests (MOECAF) on receiving recommenda- tions from international timber organisations after a group of experts includ- ing forestry management At the commissioning of the saw milling facility, U Win Tun, union min- ister for environmental conservation and forests, said Myanmar wants to establish more timber fac- License validity for saw mill and plywood as well as for wood-based mills has been extended from “The government en- courages wood-based in- dustries because it plans to stop the export of big timber logs,” Than Swe, advisor to CIL, told state- said this is a good devel- opment for wood-based industries entrepreneurs as Myanmar’s export of value-added products would bring about higher income, technical trans- fer and more employment Meanwhile, the govern- ment stopped exports of raw logs last week in a bid to ensure sustainable uti- lisation of forest reserves and enhance environ- mental conservation and the country’s biodiversity, products helps upgrade production technology and bring business op- portunities for the local - tistics, Myanmar export- cubic tons of hardwood - - Suspension of log ex- port would reduce teak and timber production compared with the past, U Tin Tun, director gen- eral of the ministry, told cubic tonnes of timber are expected to be pro- duced, down from about tonnes of timber annually He said Myanmar’s for- percent of the country’s pifumyltajcpdkuf Concorde Industries Ltd (CIL) onf vGefcJhonfhtywfu opfcGJpuf½Hk wpfckudk pwifaqmif&GufcJhaMumif; tqdkygukrÜPDrS ajymMum;cJhonf/ opfrsm;tm;tvHk;vdkufwifydkYrI udkjrefrmhtmPmydkifrsm;u wm;jrpf vdkufNyD;aemuf ,ckuJhodkY opf tacsmxnfxkwfvkyfrIvkyfief;rsm; tm; aqmif&Gufvmjcif;jzpfonf/ w&m;r0ifopfxkwfvkyfwifydkYrI rsm;aMumifh opfawmrsm;jyKef;wD; ovdk &moDOwkajymif;vJrIrsm;jzpf ay:onfhtwGuf wm0ef&Sdolrsm; rS ,ckuJhodkY opfrsm;tm;tvHk; vdkufwifydkYrIudk w&m;0ifwm;jrpf vdkufjcif;yifjzpfonf/CIL rS taxG axGrefae*smjzpfol Philippe Maudet u ,ckuJhodkY opftvHk; vdkuf ul;oef;a&mif;0,frIrSonf opftacsmxnfxkwfvkyfrIodkY ajymif;vJ&if;ESD;jr§KyfESHjcif;tm;jzifh CIL taejzifh ydkrdkaumif;rGef aom0efaqmifrIrsm;udk jyKvkyfay; oGm;EdkifrnfjzpfaMumif; ajymMum; cJhonf/ tqdkygopfpuf½HkrS wpfESpfvQif opfrufx&pfwefcsdef 10000 wef txdtm; opftacsmxnftjzpf xkwfvkyfoGm;EdkifrnfjzpfaMumif;? tqdkygukrÜPDtm;100&mcdkif EIef;tjynfh EdkifiHjcm;&if;ESD;jr§KyfESHrI jzifhwnfaxmifcJhjcif;jzpfNyD;ukrÜPD rS tvkyform;aygif;200 ausmfudk ukefrsm;tm; Oa&myEdkifiHrsm;odkY wif ydkYoGm;rnf[k CIL rS ajymMum;cJh onf/ Concorde
  • 6. April 10-16, 2014 Myanmar Business Today LOCAL BIZ 6 Myanmar Summary Myanmar Summary Yasumasa Hisada AOil Pcl wants to build in Myanmar would have such large-scale facility con- structed in several decades in the country as it opens up to in- vestment after a quasi-civilian The company will propose win a deal to upgrade two state- Yangon, with capacity of about - - paisal said after a shareholder “We will propose the new re- upgrade plans to the Myanmar government,” Veerasak said, without giving details on cost or Thai media previously report- details on the size were not in- As part of its Southeast Asian expansion, Thai Oil is also keen to join with Indonesian state wax production in that country, Its shareholders also ap- million in bonds to fund future - panded into the solvent chemi- cal business in Vietnam, aims Pepsi Opens Myanmar Bottling Plant Aye Myat P epsiCo Inc and Lotte-MGS Bever- age (Myanmar) Co, the company’s bottler in Myanmar, said the US beverage giant will be lo- cally producing its Pepsi- Cola in the country for the “Myanmar consumers can now enjoy locally- manufactured Pepsi-Cola glass bottles, with plans to expand into aluminium cans and other package formats in the coming weeks,” PepsiCo said in a Mansoor Ali, general manager, PepsiCo My- anmar, said: “The open- ing of this bottling plant represents an important Ali said Myanmar is a market with “great poten- tial” and Pepsi “continues to take steps to build our business while also play- ing a constructive role in Myanmar’s ongoing de- PepsiCo re-entered My- - nership with Diamond Star, a local distributor, before teaming up with LOTTE-MGS this year to MikeSegar/Reuters xdkif;EdkifiHrSa&eHcsufvkyfief;wpfckjzpf onfh Thai Oil Pcl onf jrefrmEdkifiH wGif wpfaeYvQif a&eHpnfaygif; 150ç000 xkwfvkyfEdkifrnfha&eHcsufvkyfief;tm; wnfaxmifaqmif&GufoGm;vdkaeaMumif; xdkif;EdkifiHxdyfwef;a&eHcsufvkyfief;BuD; jzpfonfh Thai Oil Pcl rS aMunmcJh onf/,ckvkyfief;tm; wnfaxmifaqmif &GufjzpfcJhygu q,fpkESpfwpfpkausmftwGif; jrefrmEdkifiHwGif yxrOD;qHk;tBudrftjzpf a&eHcsufvkyfief;BuD;wpfckudk wnfaxmif Edkifjcif;jzpfaMumif;vnf; od&onf/ &efukefNrdKUawmifbuf&Sd EdkifiHydkifa&eH csufpuf½HkESpfckudkvnf; wpfaeYvQif a&eH pnfaygif; 20000 txd xkwfvkyfEdkif onftxd tqifhjr§ifhwif&eftwGuf oabmwlnDrI&&Sd&ef vkyfief;tqdkjyK avQmufxm;oGm;rnfjzpfaMumif; trI aqmifcsKyf Veerasak Kositapaisal u vGefcJhonfhtywfwGif jyKvkyfcJhaom &S,f,m&Sifrsm;awGUqHkaqG;aEG;yGJtNyD;ü ajymMum;cJhonf/rdrdwdkYtaejzifh jrefrm tpdk;&a&eHcsufpuf½Hkrsm;tm; tqifh jr§ifhwifrItpDtpOfESifhtwl a&eHcsuf puf½HkopfudkwnfaxmifoGm;&eftpDtpOf udkvnf; tqdkjyKwifoGif;oGm;rnfjzpf aMumif; Veerasak u ajymMum;cJhonf/ locally manufacture its Byoung Tak Hur, man- aging director, Lotte- MGS, said the company is investing to “build a world-class manufactur- ing and distribution sys- tem to support the future expansion of our busi- Developing and emerg- ing markets have account- - it aims to tap Myanmar’s frontier market, which has strong growth potential and a population of about PepsiCo’s portfolio comprises 22 brands in- cluding Quaker, Tropi- cana, Gatorade, Frito-Lay and its net revenues stand largest conglomerate in PepsiCo has a long- standing business rela- tionship with the Lotte group of Korea, a multi- national food and retail conglomerate, and has worked closely with the company in Korea since - tar&duefEdkifiH tcsKd&nf vkyfief;BuD;jzpfaom Pepsi onf 1997 ckESpfaemufydkif;wGif yxrOD; qHk;tBudrftjzpf yuf(yf)pDudkvm tm; jrefrmjynfwGif;ü xkwfvkyf oGm;rnf[k PepsiCo Inc ESifh Lotte-MGS Beverage (Myanmar) Co wdkYYu ajymMum; cJhonf/ ,cktcg jrefrmEdkifiHrS pm;oHk;ol rsm;taejzifh jynfwGif;rS xkwfvkyf aomyuf(yf)pDudkvmtm; aomuf oHk;oGm;EdkifrnfjzpfaMumif;ESifh vmrnfh&ufowåywfrsm;twGif; zefykvif;jzifh xkyfydk;rIyHkpHtjyif oHbl;rsm;ESifhomru tjcm;xkwfydk; rIyHkpHrsm;jzifhvnf; xkwfvkyfoGm; rnf[k Pepsi ukrÜPDu aMunm cJhonf/yuf(yf)pDudkvmxkwfvkyf rIpuf½Hktm; wnfaxmifzGifhvSpfrI onf rdrdwdkYtwGuf ta&;ygonfh rSwfwdkifwpfckyifjzpfaMumif;? Pepsi taejzifhvnf;jrefrmEdkifiH vuf&SdzGHUNzdK;wdk;wufrIwGif t jyKoabmaqmifonfhtcef;u@ wGiyg0ifaeNyD;rdrdwdkYvkyfief;rsm; udk wnfaxmifoGm;&eftwGuajc vSrf;aumif;rsm;udk qufvuf avQmufvSrf;oGm;rnf[k Ali u ajymMum;cJhonf/ AntonioBronic/Reuters
  • 7. April 10-16, 2014 Myanmar Business Today 7LOCAL BIZ Myanmar Summary Contd. P 8... Contd. P 8... Closely as Government Cautiously Cuts Subsidies The second part of Breaking Energy’s series on Myanmar’s power sector takes a look at the pricing structure and future demand projections. Kate Rosow Chrisman T he government in Myanmar is show- ing resolve: just months after backing down over price hikes to electricity, the issue is month, in a move many expected only after next year’s elections, Myan- mar’s parliament ap- scheme for households hike should stem some of the government’s haem- orrhaging from massive subsidies to the power sector, but prices will re- main under production costs, according to ex- In Myanmar, just like many other parts of the world, electricity pricing is as much about politics Until the government gets the politics right, experts warn that the country’s electricity costs will con- The structure Turning on the lights in Myanmar falls heavily on the government – it was country’s power sector is based on a state-owned der the Myanmar Elec- tric Power Enterprise (MEPE), the government buys electricity from pub- MEPE sells that electricity to two entities: the Elec- tricity Supply Enterprise (ESE) and the Yangon Electricity Supply Board Electric Power (MOEP) oversees the transmission The adage is buy low and sell high, but as if some- thing was lost in trans- lation, Myanmar does government announced price hikes last fall, many commentators saw it as the beginning of a transi- tion to more stable output and an impetus for power producers to increase do- that increase was revoked after protests, analysts warned that investors might be scared away for early to tell what impact this latest hike in tar- commentary indicates it doesn’t go far enough in solving the country’s mental and phased ap- proach to higher prices may be the only way con- sumers will accept the heavier burden, accord- ing to Vikas Sharma, an associate director at Frost Indeed, the best solution is the one that works in Even with the higher prices are below where the market would indi- duction costs vary, with hydropower the cheap- est, but some experts put production costs as high old and most of the new government will still have Nair, a Singapore-based attorney with extensive energy and Myanmar ex- perience asks about the government: “What hap- pens when they go bust or can’t meet demand?” government can no long- er subsidise energy, what will happen to production levels and how will the populace react? The price hike will push Commercial fees will stay companies, but for larger month), prices will dou- jrefrmEdkifiHtaejzifh rMumao;rD ESpfrsm;twGif; zGHUNzdK;wdk;wufvm NyD; EdkifiHjcm;&if;ESD;jr§KyfESHolrsm; tm½Hk pdkuf&maps;uGufwpfckjzpfvmaomf vnf; pGrf;tifvdktyfrIjyóemudk &ifqdkifae&qJjzpfonf/vQyfppf "mwftm;aps;EIef;rsm;udk wdk;jr§ifh aumufcHrnf[k xkwfazmfajym Mum;cJhonfhtwGufqE´jyrIrsm;jzpf ay:cJhNyD; ,cktcg jrefrmhvTwf awmfrS vQyfppf"mwftm;EIef;xm; rsm;wdk;jr§ifhrIudktwnfjyKay;cJhNyD jzpfonf/,ckuJhodkY vQyfppf"mwf tm;aps;EIef;rsm;udkwdk;jr§ifhaumufcH rIonf tpdk;&pGrf;tifxkwfvkyf rItwGuf p&dwftrsm;tjym;oHk;pGJ &rIwGif oufomaprnfjzpfaomf vnf; tqdkygaps;EIef;rsm;wdk;jr§ifh aumufcHrIonfvnf; xkwfvkyf rIp&dwfudk umrdvdrfhrnfr[kwf ao;aMumif; uRrf;usifolrsm; oHk;oyfajymMum;csuft&od&onf/ tjcm;urÇmwpf0ef;rS EdkifiHrsm; uJhodkYyif jrefrmEdkifiHwGifvnf; vQyfppf"mwftm;aps;EIef;owfrSwf rIrSm EdkifiHa&;omru pD;yGm;a&; t&yg qufEG,faeonf/ tpdk;& taejzifh EdkifiHa&;tcGifhtmPm udk r&rcsif; jrefrmEdkifiH vQyfppf "mwftm;ukefusp&dwfrsm;onf pD;yGm;a&;wdk;wufrIwGif BuD;pGm aomt[efYtwm;tjzpf quf vufwnf&Sdaevdrfhrnf[k uRrf; usifolrsm;u owday;ajymMum; cJhonf/ vQyfppf"mwftm;&&Sda&;udpö&yf rSmvnf; tpdk;&tay:wGif rsm;pGm rlwnfaeNyD; EdkifiHpGrf;tifu@ üvnf; tpdk;&rS trsm;jynfolESifh yk*¾vduvQyfppf"mwftm;xkwf vkyfrIvkyfief;rsm;rS wpfOD;wnf; 0,f,lrIjyKaeonfhyHkpHjzpfonf/ jrefrmhvQyfppf"mwftm;vkyfief; rS vQyfppf"mwftm;axmufyHha&; vkyfief;ESifh &efukefNrdKUawmfvQyf ppf"mwftm;ay;a0a&;bkwftzGJU wdkYtm; vQyfppf"mwftm;rsm; SoeZeyaTun/Reuters
  • 8. April 10-16, 2014 Myanmar Business Today LOCAL BIZ 8 Energy that prices should cents from around three cents now, but the new news,” according to De- jan Dostojic, leader of the World Bank’ team on My- anmar’s electricity power - cantly reduce the budget Looking back, an exam- highlights the enormous subsidies and unsustain- that time, the government per kWh (approximately natural gas resources, this is not Saudi Arabia or by saying “like many oth- er resource rich countries, they are still electricity Compared to its neigh- bours, Myanmar has some of the lowest elec- has led to a huge subsidy, which the government - a year, though this should - es below costs, producers cannotexpandproduction to keep up with growth in demand or electrify the - ber, connectivity rates are abysmally low, with deter IPPs from entering Even still, foreign compa- nies are lining up for new Dostojic told Breaking Energy, “there is no lack “While price increases may lead to widespread protests (like the backlash the government needs to hold its nerve, and pri- over short-term populist pressures,” Vikas Sharma For those without ac- cess, a diesel-powered generator is an expensive but reliable option: oper- ating costs are as high as - try so desperate for elec- tricity, it’s not surpris- ing that diesel fuel is one of the most commonly smuggled imports, ac- cording to the US govern- ment’s report on doing Quantifying demand If it’s neighbour China can be said to run on coal, Myanmar runs on bio- of primary energy in My- anmar comes from wood, charcoal, agriculture resi- This highlights the scope of work the government has to transition its pop- mainly rural – away from burning wood and ma- nure to using hydropow- er, natural gas, coal and The government is eye- ing increased production, - tion systems coupled and hydropower sta- tions far removed from demand centres have all complicated Nay Pyi government used to con- trol all generation capac- ity, but local anger over the situation prompted the state to allow private producers into the market a few years back, accord- ing to a report by Subha generating plants were operating at full capac- ity, Myanmar should have produced close to country generated just demonstrates, it’s not just a matter of increasing ca- maintained plants, a lack of water, transmission losses and load shedding With GDP projected - cent annually (and some enthusiastic estimates show GDP quadrupling electricity demand is set - creasing capacity, the government has indicated population connected by Bank is working with the government to achieve While the connectivity rate is abysmal – it has - - cent annually for the past The government’s low growth scenario shows demand doubling every - alistic projections show 2 times the rate of GDP, the country generated a huge gap and resulting if output doubled every - riod, demand would have grown 12 percent, accord- ing to the World Econom- Despite the problems associated with the coun- try’s hydropower supply, stations with a combined would each have pro- duction capacity above While exporting natural gas, mostly to neighbours Thailand and China, only about half of the country’s recent years, natural gas of total exports, showing how much the country relies on the fuel for eco- increase domestic output are in the works but these Nair, the government hinted that oil and gas tenders under review now would prioritise domestic With higher prices and a surging demand struc- ture, Myanmar desper- ately needs to encourage IPPs to build additional This article is the sec- ond of a series in Break- ing Energy on Myan- mar’s power sector. It was originally published in Breaking Energy’s website and has been re- published with the publi- cation’s permission. The published in Myanmar Business Today next independent power pro- ducers (IPPs) and foreign direct investment (FDI) in Myanmar’s power sec- tor. Illegal Chinese Logging Threatens Rare Myanmar Monkeys Wai Linn Kyaw I llegal Chinese logging and hunting are threatening an endangered monkey species in Myanmar’s northern Kachin state, a conservation body said UK-based Fauna & Flora In- ternational (FFI) said hunting for food and traditional medi- cine, as well as accelerated de- forestation caused by illegal Chinese logging are the main threats for the Myanmar snub- The species is listed as Criti- cally Endangered on the IUCN Red List, with only an esti- - remained elusive until FFI said last week that it was also able to Since the discovery, FFI has started a community-based conservation programme in Myanmar, which provides al- ternative livelihoods to local indigenous hunters and oper- ates a community ranger pro- FFI said this has already had However, Chinese illegal log- ging continues to threaten the border remains largely outside of state control and Chinese log- ging roads continue to scar the FFI said the pending gazette- ment of the new Imawbum Na- tional Park in Kachin – where recently due to the ongoing peace negotiation process – will improve the species’ chance of Frank Momberg, FFI’s Myan- mar Programme Director, said: Park designation will make the dialogue with Chinese authori- ties easier to stop illegal trans- Myanmar Summary a&mif;csNyD; vQyfppfpGrf;tm;0efBuD; XmerS "mwftm;jzefYjzL;ay;a0rI rsm;udk BuD;Muyfaqmif&Gufonf/ tpdk;&rSvQyfppf"mwftm;aps;EIef; rsm;udk wdk;jr§ifhoGm;rnfqdkonfh xkwfjyefcsufxGuf&Sdvmaomtcg a0zeftBuHjyKoltrsm;pku xdktcsufaMumifh ydkrdkwnfNidrf aom"mwftm;xkwfvkyfrIESifh jynf wGif;"mwftm;yrmPydkrdk&&Sdvm ap&eftwGuf pGrf;tifxkwfvkyf olrsm;udk vHIUaqmfay;onfht&m wpfcktjzpf ½IjrifcJhonf/ odkYaomfvnf; "mwftm;aps;EIef; rsm;udkwdk;jr§ifhaumufcHrnfqdkonfh twGuf qefYusifqE´jyrIrsm;udk BuHKawGUcJh&NyD; pdppfuRrf;usifol rsm;u &if;ESD;jr§KyfESHolrsm;taejzifh xdktajctaersm;aMumifhaMumuf&GHU rIrsm;&SdvmzG,f&SdaMumif; owday; cJhonf/aps;EIef;rsm;wdk;jr§ifhaumufcH rI rsm;aMumifhjzpfay:vmrnfhtusKd; oufa&mufrIrsm;udk cefYrSef;&ef ,cktcsdefrSm apmvGef;aeao; aomfvnf; ,ciftBuHjyKa0zefrI rsm;u xdkodkYwdk;jr§ifhrIrSmvnf; jyóemtm; ajz&Sif;&eftwGuf rvHkavmufaMumif; od&onf/ jrefrmEdkifiHajrmufydkif; ucsifjynfe,f wGif w½kwfEdkifiH w&m;r0ifopfxkwf vkyfrIESifh trJvdkufrIrsm;onf &Sm;yg; arsmufrsKd;pkrsm;tm; rsKd;okOf;aysmufuG,f oGm;apEdkifonfh Ncdrf;ajcmufrIwpfcktjzpf &SdaeaMumif; NAdwdeftajcpdkuf Fauna & Flora International (FFI) rS ajym Mum;cJhonf/ tpm;taomufESifhwdkif;&if;aq;rsm; twGuf trJvdkufrIrsm;tjyif w½kwfEdkifiH w&m;0ifopfxkwfvkyfrIrsm;onf opfawmjyKef;wD;rIudk ydkrdktm;ay;aeNyD; jrefrmEdkifiH&SdESmacgif;wdkarsmufrsm;tm; Ncdrf;ajcmufaeaMumif; ,if;tzGJUtpnf;rS ajymMum;cJhonf/ “In Myanmar, just like many other parts of the world, electricity pricing is as much about politics as it is about economics.” FFI/BANCA/PRCF
  • 9. April 10-16, 2014 Myanmar Business Today LOCAL BIZ 9 Myanmar Summary Myanmar Summary MitsubishiElectrictoOpenYangonBranch Shein Thu Aung M itsubishi Electric Corp said its Singapore- based subsidiary, Mit- subishi Electric Asia Pte Ltd, The Japanese electronics gi- will start operations on April - ness in Myanmar by conducting market research, collecting in- formation and providing sup- port for infrastructure projects Manager Kohji Maruyama, will be located at Union Business Foreign investment for the development of infrastructure and special economic zones is accelerating in Myanmar due to democratisation and eco- The country’s consumer market also has strong growth potential Mitsubishi Electric for many years in Myanmar has been selling products and services, mainly in the power sector, for infrastructure development, beginning with its supply of transformers for a hydroelectric The company also has been supplying residential and com- mercial air-conditioning sys- tems, home appliances includ- ing refrigerators and electric fans, factory-automation prod- ucts, elevators and escalators through distributors since the Mitsubishi Electric recorded - Mitsubishi Electric Corp ukrÜPD jzpfonfh Mitsubishi Electric Asia Pte Ltd tm; &efukefNrdKUwGif ½Hk;cGJwpfck udk zGifhvSpfwnfaxmifoGm;rnfjzpfaMumif; ajymMum;cJhonf/ *syefEdkifiHtDvufxa&mepfvkyfief; BuD;jzpfonhf Mitsubishi onf ,if; ½Hk;topftm; {NyDv 25 &ufaeYrSpí vkyfief;aqmif&GufrIrsm;udk pwifjyKvkyf oGm;rnfjzpfaMumif; od&onf/ Phyu THit Lwin T he Ministry of Electric Power has invited open tenders for the design and supply of Galvanized Steel Towers for the Taung Twin Gyi circuit transmission line, it said The currency of the bid will be US dollar and quoting plan is The ministry said it has “al- located funds to be used toward the cost of various projects,” and it intends “to apply a por- tion of the proceeds of these funds to eligible payments un- Applications should be sub- mitted to the ministry’s Materi- al Planning department by 2pm can be obtained by phone at The ministry’s another sub- sidiary, Electricity Supply En- terprise, also invited tenders to purchase utility poles that will line across Taung Twin Gyi to Tender forms went on sale MEP Calls Electricity Transmission Tower Tenders - rial Planning department of tender submission is by 12pm - tion can be obtained by phone vQyfppfpGrf;tm;0efBuD;XmerS awmif wGif;BuD;-a&Tawmif 230 uDvdkAdkY"mwf tm;vdkif;twGuf oHacs;rwufEdkifonfh oHrPdwm0gwdkifrsm; 'DZdkif;ESifh wnf aqmuf&eftwGufwif'gac:,lcJhaMumif; vQyfppfpGrf;tm;0efBuD;XmerSajymMum;cJh onf/vkyfief;tqdkjyKavQmufxm;&mwGif aiGaMu;pepfrSm tar&duefa':vmjzpf aMumif;vnf; 0efBuD;XmerS ajymMum;cJh onf/vkyfief;tqdkjyKavQmufvTmrsm; tm; 0efBuD;Xmevufatmuf&Sd ypönf; pDrHa&;&mXmeodkY arv 31 &ufaeY rGef;vGJ 2 em&Dxuf aemufrusbJ wif oGif;oGm;&rnfjzpfaMumif; od&NyD; tao;pdwfod&Sdvdkygu ½kH;csddeftwGif; zkef;eHygwf +95(0)67-410216 odkY qufoG,far;jref;EdkifaMumif; od&onf/ 0efBuD;Xmetjcm;vkyfief;cGJjzpfaom vQyfppf"mwftm;ay;a0a&;vkyfief;rSvnf; awmifwGif;BuD;rS a&TawmifodkY "mwftm; vdkif;qufoG,frItwGufvnf; wif'g ac:,lxm;aMumif; od&onf/
  • 10. April 10-16, 2014 Myanmar Business Today LOCAL BIZ 10 Myanmar Summary Vibhanshu Shekhar I n a bid to bolster the coun- the world, Myanmar, on - nies from all over the world to operate in oil and gas explora- coast of Myanmar in the Bay of Bengal, Moattama gulf and the Ten of these are shallow water drilling projects, and the rest, - The recent announcement comes at a critical time when the country is somewhat suc- cessfully delivering on its ASE- AN Chairmanship, gradually drifting towards federalism as a founding basis of Myanmar as a nation-state, and emerging as one of the important invest- ment destinations in Southeast announcement First, these concessions ex- pand the scope for major market players to enter Myanmar’s en- oil businesses – Total, Royal Dutch Shell, Chevron, Unocal, ConocoPhillips, and Reliance Industries, among others – will participate in exploration and previous explorations and mar- to Asian oil companies, these new concessions involve major This will give a much-needed boost to Myanmar’s interna- tional attractiveness and its in- Second, the consequent entry of major market players would bring in investment and tech- nology – two components im- portant for the development of Myanmar’s negligible infra- cent growth in annual GDP in the short to medium term, such technology may give a major boost to Myanmar’s economy, and the modernisation of its further help its developing the country’s coastal areas as busi- - investment, with a bulk of it businesses in real estate, con- struction and energy infrastruc- Third, this will give a major boost to both the upstream and downstream industries along - velopment of industries along the coast may lead to the mod- ernisation of the southern cit- ies, further integrating Myan- Fourth, this will accelerate and banking sector reforms in improvements over the past two years, it still remains rudi- - cided to allow foreign banks to set-up fully owned subsidiaries following the visit of Christine Lagarde, Managing Director, International Monetary Fund; and several Asian banks have since opened their representa- entry of global businesses has as MasterCard to enter the local Finally, the entry of inter- national corporations and as- sociated economic reforms in- dicates the end of Myanmar’s international isolation, and helps its leaders project the country as a regular nation- companies as a result of March announcement is going to boost Myanmar’s normalisation and speed up the process of the country’s continued integration However, there is a danger of from the Indonesian experi- ence in its resource-rich Aceh and West Papua, which experi- enced decades-long instability - anmar’s oil-rich areas – namely the Rakhine and Tanintharyin basins – have witnessed tur- - pyidaw has to ensure that the entry of big businesses in the troubled regions does not fuel the rise of resource nationalism against the developmental poli- India in Myanmar’s energy sector India’s presence was estab- lished at beginning of this cen- tury with the state-owned Oil and Natural Gas Corporation (ONGC) entering the Myan- other public sector companies – Oil India Limited (OIL)and Gas Authority of India Limited – tried to enter the market some- - tial ventures did not go far, with both ONGC Videsh and GAIL losing the marketing rights to into Myanmar’s energy market when Essar Oil Limited bought exploration and production rights in two blocs in Rakhine India has since seen a contin- ued expansion of its foray into Myanmar’s energy market – with the public and private sec- tor entering both as solo play- recent announcement has fur- ther ensconced India’s presence Among the Asian companies, four Indian companies – OIL, Mercator, Oilmax, and Reliance Industries – bagged exploration and production rights for four and Yetagun East Bloc (YEB)] India’s two public sector oil companies – ONGC Videsh and OIL – had bid for three blocs each, with the former winning Videsh have already been un- dertaking exploration opera- to the conditions put forth by Myanmar, these Indian com- panies will have to partner with the local Myanmar companies The new concessions may three reasons: All of them in- volve shallow water drilling and therefore are less expen- are the most developed and ex- plored oil blocs in the country India wins the marketing rights of gas from these blocs, oil and gas could be directly shipped to its southern ports, such as These blocs are close to Dawei deep seaport that Thailand is developing into a mega trans- port hub, thereby further in- tegrating Indian and ASEAN avoid third-party negotiations problems that it faced in the case of the India-Bangladesh- Conclusion Myanmar is trying to bal- ance the presence of Western and Asian energy companies to widen the FDI sources and to generate a good image for - taneously, Naypyidaw has, by making it mandatory for the local businesses, ensured some level of boost to local capacity- introduce greater transparency and aid in the country’s liberali- Vibhanshu Shekhar is a visit- ing fellow at IPCS. jrefrmEdkifiHonf tjcm;urÇmhEdkifiHrsm; ESifh qufqHa&;ydkrdkwdk;wufvmap&efESifh pD;yGm;a&;udk ydkrdkwHcg;zGifhaqmif&Gufvm Edkif&eftwGuf rwfv 26 &ufaeYwGif b*Fvm;yifv,fatmfurf;½dk;wrf;? rkwår yifv,fauGUESifhweoFm&Durf;ajr§mifa'o wdkYwGif urf;vGefa&eHESifhobm0"mwfaiGU &SmazGa&;vkyfuGufaygif; 20 wGif &SmazG wl;azmfrIvkyfief;rsm;udk aqmif&GufEdkif&ef urÇmwpf0ef;rS a&eHukrÜPDaygif; 13 ck udkzdwfac:cJhonf/tqdkygvkyfuGufrsm; wGif vkyfuGuf 10 ckrSm urf;OD;a&wdrf vkyfuGufrsm;jzpfNyD; usef&SdaomvkyfuGuf rsm;rSm a&eufydkif;vkyfuGufrsm;jzpfonf/ 2013 ckESpf {NyDvwGif jrefrmtpdk;&rS urf;vGefvkyfuGufaygif; 30 twGuf wif'gac:qdk,lcJhonf/jrefrmEdkifiHtae jzifh tmqD,HOuú|&mxl;udk wm0ef,l aqmif&GufoGm;&rnfhtcsdefwGif rMum ao;rDu xkwfjyefaMunmcsufrsm;onf tvGefta&;ygaomtcsdefwGif xGuf&Sd vmcJhjcif;jzpfovdk ta&SUawmiftm&SwGif vnf; &if;ESD;jr§KyfESHrIrsm;twGuf ta&; tygqHk;aps;uGufwpfcktjzpfa&muf&Sdvm cJhNyDjzpfonf/,ckuJhodkYwif'gac:qdkrIrsm; aMumifh jynfyaps;uGufBuD;rsm;&Sd pGrf;tifvkyfief;rsm;udkjrefrmhpGrf;tifu@ odkY ydkrdka&muf&Sd vmapcJhonf/ AndyBuchanan/pool/Reuters "The consequent entry of major market players would bring in investment and technology – two components important for the development of Myanmar’s negligible infrastructure and overall economy."
  • 11. April 10-16, 2014 Myanmar Business Today LOCAL BIZ 11 Myanmar Summary Myanmar Summary EricssonBagsFive-YearTelenorMyanmarContract Firmnamednetworksupplierandmanagedservicesprovider Phyu Thit Lwin Eyear contract for multiv- endor managed services to support Telenor’s nationwide rollout in Myanmar, the Swed- ish communications technology Late last year, Telenor also awarded Ericsson with a frame agreement to supply radio-ac- cess network (RAN) and asso- portion of Telenor’s network in Amid a slew of political and economic reforms, Myanmar in June last year awarded telecom- munications licences to Qatar’s Ooredoo and Norway’s Telenor, - Telenor said its network, com- voice and data connectivity, is of the country’s population of In preparation for the net- work deployment, Ericsson said local hiring will continue over the next few months, and that investments in training and development have taken place over recent months for those al- Ericsson said its multi-stand- ard network solution, which it claims minimises operators’ costs, will be used in the de- ployment, along with 2G and - Petter Furberg, CEO of Tel- enor Myanmar, said: “This is a historic project for Myanmar and for Telenor, and strong partners like Ericsson will be Jan Wassenius, country man- ager of Ericsson Myanmar, said in building networks in coun- tries with diverse geographical - dence that it can create a robust “We hope the deployment of this telecommunications infra- structure will have an enormous positive impact on the economy of the country and on the lives in Myanmar is an important We will draw on our years of experience in managing multi- vendor network environments to ensure that network com- plexity is well managed for Tel- - sioned a study to assess the potential economic impact of mobile communications in My- the total economic impact of the mobile sector in the country will The potential impact of mo- bile communications on em- It is estimated that the mobile communications industry will full time employees in Myan- full time jobs estimated to be created in the wider economy as a result of interactions with Ericsson onf jrefrmEdkifiHtwGif; Telenor wpfEdkifiHvHk;twdkif;twm jzifh qufoG,fa&;0efaqmifrIvkyfief;rsm; aqmif&Gufjcif;udk taxmuftyHhjyKEdkif&ef twGuf ig;ESpfwmvkyfief;oabmwlnD csufudk tqdkjyKxm;aMumif; qGD'ifEdkifiH qufoG,fa&;enf;ynmESifh 0efaqmif rIvkyfief;BuD;jzpfaom Ericsson rS ajym Mum;cJhonf/ vGefcJhonfhESpfaESmif;ydkif;wGif Telenor rS Ericsson tm; radio-access network(RAN)ESifh qufpyf0efaqmif rIrsm;tm; axmufyHh&eftwGuf frame agreement udkvnf; ay;cJhonf/EdkifiH a&;ESifh pD;yGm;a&;jyKjyifajymif;vJrIrsm;ESifh twl jrefrmEdkifiHonf ZGefvwGif tjynf jynfqdkif&matmfya&wmBuD;rsm;jzpfaom umwmrS Ooredoo ESifh aemfa0;rS Telenor wdkYtm; qufoG,fa&;vdkifpif rsm;udk csay;cJhonf/Ericsson 2G ESifh 3G uGef&ufwdkYtjyif voice ESifh data csdwfqufEdkifrIrsm;udk axmufyHhay;oGm;rnf[k ajymMum;cJhovdk ig;ESpfwmumvtwGif; jrefrmhvlOD;a& 90 &mcdkifEIef;txdudkvnf; vufvSrf;rD vmap&efarQmfrSef;xm;aMumif; od&onf/ tqdkyguGef&ufrsm;tm; jzefYusufaqmif &GufrIudkjyifqif&mwGif vmrnfhvtenf; i,fausmftxd jynfwGif;vkyfief;iSm;&rf; rIrsm;udk qufvufvkyfaqmif&vdrfhrnf jzpfaMumif; Ericsson rS ajymMum;cJhNyD; rMumao;rDvrsm;twGif; oifwef;ay; avhusifhrIrsm;udkvnf; aqmif&GufcJhaMumif; od&onf/ Ericsson Buksh Foundation to Introduce Project Shein Thu Aung P - ganisation Buksh Foun- dation will represent its “Lighting a million lives” pro- ject in Myanmar in response to an invitation from the Myan- mar government and the Asian Development Bank (ADB), a The government of Myanmar and the Asian Development Bank have invited Buksh Foun- dation to Myanmar for intro- ducing the “Lighting a million lives” project and highlight the initiatives the Foundation has - ties of the people living in urban and rural areas of Pakistan, it Fiza Farhan, CEO of Buksh Foundation, will participate at the Myanmar International In- vestors Forum to highlight op- portunities and identify barriers to government representatives, This group works with the de- velopment sector to provide sus- tainable energy solutions and to overcome electricity shortages in ygupöweftao;pm;aiGacs;tzGJUtpnf; wpfckjzpfonfh Bukshazmifa';&Sif;onf jrefrmEdkifiHwGif “Lighting a million lives” pDrHudef;udktaumiftxnfazmf aqmif&GufoGm;rnfjzpfum,if;pDrHudef; onf jrefrmtpdk;&ESifh tm&SzGHUNzdK;wdk;wuf a&;bPfwdkYrSzdwfac:csufrsm;aMumifhjzpf aMumif;od&onf/jrefrmtpdk;&ESifh tm&SzGHU NzdK;wdk;wufa&;bPfwdkYonf Buksh azmifa';&Sif;tm; pDrHudef;udk taumift xnfazmfaqmif&GufoGm;&efzdwfac:cJhNyD; jrefrmEdkifiH NrdKUjyESifhaus;vufa'orsm; wGifaexdkifMuaom olrsm;b0touf &SifaexdkifrIydkrdktqifajyvma&;twGuf jzpfonf/
  • 12. April 10-16, 2014 Myanmar Business Today LOCAL BIZ 12 Myanmar Summary Myanmar Summary Myanmar Summary a more strategic planning and budgeting process that directs resources to the highest priority areas, and through more cred- ible budget management system that delivers re- It will help improve ac- counting and reporting of budget execution – how public resources are spent – and strengthen accountability for service Improvements in tax compliance are expected to make more funds avail- - man and infrastructure services while maintain- Improved availability and management of pub- - tate better analysis and policymaking and more strategic and transparent use of public funds, the credit is part of the World Bank Group’s rejuvenat- ed and extensive involve- ment with the formerly- denounced Southeast Asian nation as almost all western sanctions got During his visit to My- anmar at the end of Jan- President Jim Yong Kim announced plans by multi-year development This will include projects to help improve agricul- ture, access to energy and health services, and to provide support for other key development priori- Japan Gives $16m to Aid UN Activities Shein Thu Aung J apan has granted an - port the activities of three - lion yen will be used by the UN High Commissioner for Refugees (UNHCR) ridden areas, especially for helping the internally displaced people in north- ernmost Kachin and west- ern Rakhine states, state- The UNHCR will also use the aid to address the issues related to citizen- - ple in southeastern My- anmar in Mon, Kayin and Kayah states and Tanin- The UN Children’s Fund (UNICEF) will use and Kachin states to ac- cess life-saving services The World Food Pro- gram (WFP) will use the remaining contribution to support life-saving food assistance to internally displaced people in Rakh- ine, Kachin and northern vnf; ydkrdktoHk;jyKEdkifrnfjzpfovdk qif;&JEGrf;yg;rIudk avQmhcsay;Edkif rnfhtrsm;jynfol0efaqmifrIrsm; udkvnf; ydkrdkzefwD;ay;Edkifrnfjzpf aMumif; 0g&Sifweftajcpdkuf urÇmh bPftzGJUtpnf;BuD;rS ajymMum;cJh onf/,ckpDrHudef;onf ydkrdkr[m AsL[musaomtpDtpOfrsm;ESifh b@ma&;vkyfief;pOfrsm;tm;jzifh trsm;jynfol0efaqmifrIrsm;udk ydkrdkvkyfaqmifEdkifpGrf;&Sdvmrnfvnf; jzpfonf/trsm;jynfolrsm;twGuf b@ma&;t&if;tjrpfrsm;tm; rnfodkYtoHk;jyKonfqdkonfhudpö &yfrsm;udk tpD&ifcH&mwGifvnf; taxmuftuljzpfaprnfjzpfonf/ jrefrmEdkifiH&Sdukvor*¾tzGJU tpnf;oHk;ckvkyfief;aqmif&Guf rIrsm;taxmuftyHhjyK&eftwGuf *syefEdkifiHrS ,ef;aiG 1 'or 6 bDvD,H (tar&duefa':vm 16 oef;)tm;acs;aiGtultnDwpf &yfudkulnDay;cJhaMumif; od& onf/ tqdkygtultnDr sm;rS ,ef;aiGoef; 300 ukd ukvor*¾ 'ku©onfrsm;qdkif&mr[mrif;BuD; ½Hk; (UNHCR) rS y#dyu©rsm; jzpfyGm;aeaom {&d,mrsm;wGif t oHk;jyKoGm;rnfjzpfonf/ ImpactEconomyLaunchesMyanmar EditionofGarmentIndustryReport Kyaw Min S witzerland-based invest- Impact Economy has launched the Myanmar edi- tion of its “Sustainable Apparel Value Chains: A Primer on In- dustry Transformation” report, which analyses the competitive- ness and sustainability issues - “Myanmar’s garment indus- - tin, the author of the report and “The Primer aims to inform the Burmese garment and tex- tile industry and its stakehold- ers working toward combining competitiveness with greater sustainability,” the company A number of developments are currently transforming the industry such as the movement from slow to fast fashion, shift of production from advanced economies towards emerging markets and the increasing sup- “Garments are already the country’s most important manufactured export and nu- merous new factories are being could yield important develop- ment dividends as the country Despite progress, the indus- try is nevertheless less sus- tainable today than it has ever been: a point that was brought to global attention by the tragic - tion in textile and garments and excellent craftsmanship, My- anmar’s garment cluster could in garment exports within a few of key levers that could help achieve this kind of industry transformation, including con- sidering the entire supply chain to foster resource productivity and transparency, upgrading industry infrastructure, im- “Myanmar’s enthusiasm to catch up with its neighbours is job done and setting Myanmar on a path to becoming a leading sustainable apparel cluster is “This shift will require trans- ferring best practices, collabo- ration between government, in- dustry associations, producers, buyers and civil society, and qGpfZmveftajcpdkuf &if;ESD;jr§KyfESHrI ESifhr[mAsL[mvkyfief;jzpfonfh Impact Economy onf “Sustainable Apparel Value Chains: A Primer on Industry Transformation” ppfwrf; udk xkwfjyefcJhaMumif; od&onf/ tqdkygppfwrf;onf tar&duef a':vm 3 x&DvD,HtxdyrmP&Sdonfh urÇmvHk;qdkif&m csnfrQifESifhtxnfcsKyf vkyfief;u@rS BuHKawGUae&onfh ,SOfNydKif rIrsm;ESifh a&&SnfwnfwHhzGHUNzdK;rIudpö&yfrsm; udk cGJjcrf;pdwfjzmoHk;oyfxm;jcif;yifjzpf onf/jrefrmEdkifiH txnfcsKyfvkyfief; rSm zGHUNzdK;wdk;wufvmaMumif;? 2012 ckESpf wGif txnftvdyfwifydkYrIrSm tar&d uefa':vm 917 oef;ausmf&cJhonf/ SoeZeyaTun/Reuters Myanmar Prepares for Hosting 24th ASEAN Summit in May Aye Myat A series of regional meet- ings have been held in Nay Pyi Taw last week in preparation for the upcom- ing 24th ASEAN Summit set for - ing, Joint Preparatory Meeting and the 1st Meeting of ASEAN Coordinating Council Working Group on ASEAN Community’s Topping the agenda during the discussions were ASEAN Community Building as well as ASEAN Community’s Post- - The upcoming summit will be followed by a related An- nual ASEAN Leadership Fo- rum slated for May 11 to May 12, where heads of states and government, entrepreneurs and experts will focus on regional challenges, ASEAN cooperation - Soon after taking up ASEAN chairmanship in the begin- hosted ASEAN Foreign Minis- ters Meeting (Retreat) in Bagan in January under the theme “Moving Forward in Unity to A Peaceful and Prosperous Com- At the meeting, the foreign ministers vowed to speed up building and integration and move forward to realize ASEAN ASEAN ministers also touched on developing ASEAN by ASEAN leaders’ statement exploring ways to strengthen In March, an ASEAN People’s Forum took place in Yangon under the theme “Advancing ASEAN Peoples’ Solidarity To- ward Sustainable Peace, Devel- opment, Justice and Democra- The event attracted nearly - member countries as well as Timor-Leste to attend a range of programs, events and work- shops on a variety of ASEAN is- ASEAN groups Brunei, Cam- bodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Sin- vGefcJhonfhtywfwGifa'oqdkif&mawGU qHkaqG;aEG;yGJrsm;udk jyKvkyfcJhNyD; arv 8 &ufaeYrS11&ufaeYtxdjyKvkyfusif;y rnfh24BudrfajrmuftmqD,HxdyfoD;awGU qHkaqG;aEG;yGJtwGufBudKwifjyifqifrIrsm; vnf;jzpfaMumif;od&onf/ tmqD,HtrIaqmifrsm;awGUqHkaqG;aEG; yGJ?yl;aygif;BudKwifjyifqifa&;awGUqHkaqG; aEG;yGJESifhtmqD,Htodkif;t0ef; 2015 rwdkifcif½IjrifoHk;oyftjrifrsm; tay:ü ASEAN Coordinating Council Working Group yxr awGUqHkaqG;aEG;yGJrsm;vnf;yg0ifcJhaMumif; od&onf/tmqD,Hacgif;aqmifrIqdkif &mzdk&rfudkvnf;arv11&ufaeYrS12 &ufaeYtxdjyKvkyfusif;yoGm;rnfjzpf NyD; jynfe,fESifhtpdk;&tBuD;tuJrsm;? pGefYOD;wDxGifvkyfief;&Sifrsm;ESifhuRrf;usif olrsm;rS a'oqdkif&mpdefac:csufrsm;udk t"dutm½HkpdkufaqG;aEG;oGm;rnfjzpf onf/
  • 13. April 10-16, 2014 Myanmar Business Today REGIONAL BIZ 13 Thailand’s Siam Cement Aims to Boost Output, Sales in ASEAN S iam Cement PCL, Thai- land’s largest industrial conglomerate, aims to boost cement production and a slowdown at home where political unrest has delayed spending on infrastructure Siam Cement, which also pro- duces chemicals and paper, has been building cement factories in the fast-emerging economies of Cambodia, Indonesia and Myanmar where an infra- structure bonanza has pushed up demand for construction At home in Thailand, sales have slowed because of a decline in rebuilding demand - ed by the prospect of clashes between supporters of the prime minister and protesters Siam Cement projects do- mestic cement demand growth That compares with projected annual growth across the As- sociation of Southeast Asian Nations (ASEAN) of 7 percent “If political crisis is pro- longed, Thai cement demand is likely to be negative,” Chief Executive Kan Trakulhoon said “ASEAN will be a growth platform for the world econ- Myanmar was included,” Kan Myanmar is emerging from decades of military rule and isolating sanctions and has been looking to attract foreign investment since a quasi- Siam Cement’s ASEAN assets aims for ASEAN sales to reach ASEAN is made up of Thai- land and the hosts of its three new factories, plus Brunei, Laos, Malaysia, the Philippines, Siam Cement aims to begin production at the new factories over the next two years, raising from 24 million tonnes now, Myanmar Summary xdkif;EdkifiHtBuD;qHk;pufrItiftm;pk BuD;jzpfaom Siam Cement PCL onf ta&SUawmiftm&SwGif bdvyfajr xkwfvkyfrIrsm;ESifha&mif;csrIrsm;udkwdk;jr§ifh vkyfaqmifoGm;&ef &nf&G,fxm;NyD; jynfwGif;wGif EdkifiHa&;rwnfrNidrfjzpfrI rsm;aMumifh tajccHtaqmufttHkpDrH udef;rsm;taumiftxnfazmf&ef aESmifhaES;MuefYMumaeonfhtwGuf bdvyf ajra&mif;cs&rIrsm;usqif;aeaMumif; od&onf/ "mwkypönf;rsm;ESifh puúLvkyfief;rsm; udkvnf;aqmif&Gufaeonfh Siam Cement taejzifh uarÇm'D;,m;? tif'dkeD;&Sm;ESifh jrefrmEdkifiHwdkYwGif bdvyf ajrpuf½Hkrsm;udk wnfaxmifcJhNyD; tqdkyg aps;uGufrsm;wGif tajccHtaqmufttHk rsm;wnfaqmufrItwGuf aqmufvkyf a&;ypönf;rsm;vdktyfrIrSmvnf; jrifhrm; vsuf&Sdonf/ xdkif;EdkifiHü 2011 ckESpf wGif a&vTrf;rdk;rIBuD;BuD;rm;rm;jzpfysuf cJhNyD;aemuf jyefvnfwnfaqmufrIvkyf ief;rsm;usqif;onfhtwGuf a&mif;csrIrsm;vnf; aES;auG;vmjcif;jzpf NyD; tpdk;&ESifhtpdk;&qefYusifqE´jyolrsm; tMum; y#dyu©rsm;aMumifhvnf; a&mif;cs rIrsm;udk ydkrdkxdcdkufapcJhonf/ ,ckESpf wGif jynfwGif;bdvyfajr0,fvdktm; rSm 2 &mcdkifEIef;rS 3 &mcdkifEIef;txd wdk;wufvmrnf[k Siam Cement rS cefYrSef;xm;NyD; vGefcJhonfhESpfwGif 7 &mcdkifEIef;jzpfaMumif; od&onf/ OCBC Eyes Expansion in Greater China Over Another ASEAN Market O versea-Chinese Banking Corp Ltd (OCBC) aims to ex- pand in Greater China which it sees as the engine of Asian economic activity, rather than in another market in South- east Asia where Singapore’s second-biggest lender is already well to expand outside its core markets of Singapore, Malaysia and In China, OCBC wants to raise its stake in Bank of Ningbo to the maximum permitted, and in Hong Kong, OCBC is in talks to buy family-owned Wing Hang Bank Ltd for what could be a record “From our perspective, I think we would be more interested to go into the Greater China market rather go into another ASEAN market at the present time,” Chief Executive Samuel Tsien said at ASEAN, or the Association of Southeast Asian Nations, is made up of OCBC’s three core markets plus Brunei, Cambodia, Laos, “China’s economic activity is really driving the economic activi- ties of Asia right now plus the fact that Chinese companies’ desire Reuters Myanmar Summary Oversea-Chinese Banking Corp Ltd (OCBC) onf Greater China aps;uGufwGif vkyfief;rsm;csJUxGif aqmif&GufoGm;&ef &nf&G,fxm;NyD; ,if;aps;uGufrSm ta&SUawmiftm&S&Sd tjcm;aps;uGufrsm;xufydkrdkaumif;rGefNyD; tm&SpD;yGm;a&;aqmif&GufrI t"du tif*sifwpfcktjzpf OCBC rS ½Ijrif xm;onf/ OCBC onf pifumylEdkifiH The company then plans to double capacity in Indonesia of beginning production, Kan Siam Cement is a century the Thai royal family’s Crown Property Bureau investment The company is ASEAN’s second-largest cement maker by capacity after Swiss Holcim Ltd, and is the region’s big- gest producer of downstream Reuters 'kwd,tBuD;qHk;bPfvkyfief;BuD;jzpf NyD; ta&SUawmiftm&Saps;uGufwGif vkyfief; tcdkiftrmae&m,lxm;NyD;jzpf onf/ OCBC onf vGefcJhonfhESpf wGif taumufcGefray;aqmif&cif 0ifaiG&&SdrIpkpkaygif; 90 &mcdkifEIef; udk &&SdapcJhaom pifumylEdkifiH? rav;&Sm; EdkifiHESifh tif'dkeD;&Sm;wdkYuJhodkY t"du aps;uGufBuD;rsm;jyifyaps;uGufrsm;ü bPfvkyfief;rsm;udkcsJUxGifaqmif&GufoGm; &ef BudK;yrf;aeonf/ EdgarSu/Reuters KerekWongsa/Reuters
  • 14. April 10-16, 2014 Myanmar Business Today REGIONAL BIZ 14 Tensions Put Thailand on Sidelines of ASEAN Investment Plans C ontinuing political uncertainty, de- railed infrastructure plans and sliding domes- tic demand are making big Thai companies look more keenly at investing elsewhere in the neigh- bourhood rather than in Southeast Asia’s second- At the Reuters ASEAN Summit, two of the country’s largest compa- nies, Siam Cement PCL and Charoen Pokphand (CP) Foods PCL, outlined growth strategies that are - “We are investing more in ASEAN and less in Thailand, where we focus on high value-added products,” Siam Cement chief executive Kan Tra- CP Foods told the sum- percent of company reve- nue to come from foreign operations within the “Growth in emerging countries will surpass the domestic market,” said chief executive Adirek Sripratak, noting his company plans to expand in nearby Philippines and On Friday, there was another piece of gloomy data on the Thai econ- omy, as factory output fell for the 11th straight month in February, by with a Reuters poll For months, the outlook for growth has worsened exports - which account the economy – will rise and lift the economy this The central bank recent- percent, compared with before anti-government protesters took to the streets to seek the re- moval of Prime Minister A decision earlier this month by the Constitu- tional Court to annul the - eral election has plunged the country into political limbo, raising fears that the economy will struggle to pick up speed anytime “If political crisis is prolonged, Thai cement demand is likely to be negative,” said Siam Ce- ment’s Kan, who runs the country’s largest indus- Pricey political ‘overhang’ That political uncer- tainty has been weighing on foreigners who invest March 14 research note from Nomura showed foreigners have been net sellers of Thai equities this year, with net sales - nesia and Philippines by contrast have seen net purchases by foreigners million, respectively, so “If I look across the region, I would say there are better prospects than Thailand right now until we get some sort of resolution to the political overhang that remains there,” Andrew Swan, head of Asian equities at the world’s biggest money manager Black- Political unrest could also threaten the coun- try’s credit rating, which all three major rating agencies currently have on a stable rating of - “If ongoing political uncertainty continues to drag, the country might be on a watch list,” Ng Kheng Siang, head of at State Street Global Advisors, which has just under management, told Some corporates in South- east Asia are generally overlooking Thailand in favour of the faster-growing markets of Myanmar Summary Myanmar and Cambodia, Singapore’s Oversea- Chinese Banking Corp, Southeast Asia’s second largest lender, said that despite a fall in valua- tions in Thailand, it has little appetite to make any acquisitions there at “Culturally the Greater China market appeals to us a bit more than the Thai market,” said the lender’s chief executive Samuel Tsien, who is cur- rently trying to buy Hong Kong’s Wing Hang Bank The chief executive of PT Astra Interna- tional, Indonesia’s largest listed company by market capitalisation, said it an- ticipates that Southeast Asia’s largest economy could overtake Thailand as the region’s biggest auto market within two major production base for international auto manufacturers, but Indo- nesia is hoping to sup- Reduced investment pledges Thailand’s troubles are hurting its investment from foreign investors than a year earlier – and those from Japanese “FDI this year may be average long-term rate, because manufactur- ing FDI will disappear quite a bit as investors are waiting to assess the situation,” said Pimon- wan Mahujchariya- wong, an economist at the Kasikorn Research However, some portfolio investors still see oppor- Templeton Asian Growth Fund, run by emerging- markets investor Mark Mobius, increased its allocation for Thailand to - at the start of the year, according to data from That’s a bet economists in the long-term, with Thailand’s proximity to Myanmar, Vietnam, Laos “Its integration into manufacturing supply chains around the region will remain positive in the medium term,” said Benjamin Shatil, an economist at JPMorgan Reuters “We are investing more in ASEAN and less in Thailand, where we focus on high value-added products.” ta&SUawmiftm&S 'kwd,pD;yGm; a&;tiftm;BuD;EdkifiHjzpfonfhxdkif; EdkifiHonf EdkifiHa&;rwnfrNidrfrI rsm;udk awGUBuHKae&ovdk xdktusKd; quftaejzifhtajccHtaqmuf ttHkpDrHudef;rsm;aqmif&Guf&ef twGuf aESmifhaES;MuefYMumaeovdk jynfwGif;0,fvdktm;rSmvnf; usqif;vmonfhtwGuf xdkif; EdkifiH ukrÜPDBuD;rsm;taejzifh xdkif;EdkifiHxuf tjcm;tdrfeD;csif; EdkifiHrsm;wGif &if;ESD;jr§KyfESH&ef ydkrdk qE´&SdaeMuaMumif; od&onf/ tmqD,HxdyfoD;awGUqHkaqG;aEG; yGJwGif xdkif;EdkifiHtBuD;qHk;ukrÜPD BuD;ESpfckjzpfaom Siam Cement PCL ESifh Charoen Pokphand (CP) Foods PCL taejzifh ,cktcg jynfwGif;ü r[kwfbJ jynfywGifom vkyfief; zGHUNzdK;wdk;wufrIr[mAsL[mrsm;udk aqmif&GufoGm;rnfjzpfaMumif; xkwfazmfajymMum;cJhonf/rdrdwdkY taejzifh xdkif;EdkifiHxuf tmqD,H EdkifiHrsm;wGif ydkrdk&if;ESD;jr§KyfESHae aMumif; Siam Cement rS trIaqmift&m&SdcsKyf Kan Trakulhoon u ajymMum;cJh onf/CP Foods wdkYtaejzifh ,ckvuf&SdwGif ukrÜPD 0ifaiG 65 &mcdkifEIef;txdudk jynfyvkyfief;aqmif&GufrIrsm;rS&&Sd jcif;jzpfNyD; vmrnfhig;ESpftwGif; ukrÜPD0ifaiG 75 &mcdkifEIef; txd a&muf&SdvmEdkif&ef rnfodkY ypfrSwfxm;aqmif&GufaeaMumif; udk tqdkygawGUqHkaqG;aEG;yGJü ajym Mum;cJhonf/ DamirSagolj/Reuters
  • 15. April 10-16, 2014 Myanmar Business Today REGIONAL BIZ 15 Myanmar Summary ADB Sees Steady Growth for Developing Asia D eveloping Asia will extend its steady eco- as higher demand from recovering advanced economies will be dampened somewhat by moder- ating growth in China, a new Asian Develop- ment Bank (ADB) annual economic publication, Asian Development Out- released last week, forecasts developing Asia will achieve gross domestic product “Developing Asia is successfully navi- gating a challeng- ing global economic landscape and is well positioned to grow steadily over the next two years,” said ADB Presi- “Risks to the outlook have eased compared to the recent past, and pol- icy makers in the region the same time, countries should continue to make sound macroeconomic policies and needed The Manila-based lender said demand for Asia’s output is expected to grow as the recovery in the major industrial economies gains mo- growth in the United States, the euro area, and Japan is expected to pick before strengthening The improvement in demand, ADB said, will moderating growth in China where the economy tightened credit growth, pared industrial overca- pacity, deepening local government debt, rising wages, currency apprecia- tion, and the continuing shift in the government’s development priori- Wai Linn Kyaw ties away from quantity factors persist and China growth is forecast to slow The lender said while risks to the outlook have eased, three areas war- to curb credit expansion are too abrupt and exces- sively undermine growth, a deeper slowdown could drag down prospects for - ond, data on the recovery in the major industrial economies have been mixed; pointing to the possibility that demand for the region’s goods from these countries may be softer than envis- markets from changes in US monetary policy can- Across the subregions, East Asia will see its growth moderates in and is expected to main- - set upswings in the newly industrialised economies of the Republic of Korea; Hong Kong, China; and growth in Mongolia will remain broadly stable in in East Asia hit a 4-year low of remain man- Although growth in South Asia is inching up, it remained the slowest growing sub- region, with GDP expanding - eration in India had an outsized impact on the subregional is forecast to projected re- covery in India - cent, assuming the implementation of long-delayed structural Growth patterns in Southeast Asia will be dominated by country - - ed Indonesia, Thailand, in Indonesia, the biggest of these economies, was dampened by policies the government adopted to Subregional growth is forecast to be similar in by moderating domestic - tion ebbs, and Thailand’s economy rebounding if po- zGHUNzdK;wdk;wufqJ tm&Staejzifh 2014 ckESpfwGif pD;yGm;a&;zGHUNzdK; wdk;wufrIü wnfNidrfpGmjzifhquf vufwdk;wufvdrfhrnfjzpfaMumif; tm&SzGHUNzdK;wdk;wufa&;bPf ppfwrf;opfwpfckt& od&onf/ tm&SzGHUNzdK;wdk;wufa&;½Ijrifcsuf 2014 ppfwrf;tm; vGefcJhonfh &ufowåywfu xkwfjyefcJhNyD; zGHUNzdK;wdk;wufqJtm&Staejzifh 2013 ckESpfwGif pkpkaygif;jynfwGif; xkwfukefwefzdk; 6 'or 1 &mcdkif EIef;? 2014 ckESpfwGif 6 'or 2 &mcdkifEIef;ESifh 2015 ckESpfwGif 6 'or 4 &mcdkifEIef;txd zGHUNzdK; wdk;wufvmrnf[k cefYrSef;oHk;oyf xm;onf/zGHUNzdK;qJtm&Staejzifh urÇmvHk;qdkif&mpD;yGm;a&;0ef;usif aumif;wpf&yfodkY OD;wnfaeNyD; vmrnfhESpfESpfausmftwGif;vnf; wnfNidrfpGmjzifh zGHUNzdK;wdk;wufrnfh taetxm;aumif;ü&SdaeaMumif; tm&SzGHUNzdK;wdk;wufa&;bPfrS Ouú| Takehiko Nakao u ajymMum;cJhonf/ vGefcJhaomtcsdefumvxuf pGefYpm;&ifqdkif&rnfh tajctae rsm;avsmhyg;vmNyD; rl0g'a&;qGJol rsm;taejzifhvnf; taumif;qHk; pDrHcefYcGJrIjyKEdkifaMumif;? wpfcsdef wnf;rSmyif tm&Sa'o&SdEdkifiHrsm; taejzifh us,fjyefYaom pD;yGm; a&;ay:vpDrsm;ESifh vdktyfonfh zGJUpnf;rIpepfjyKjyifajymif;vJrIrsm; udk taumif;qHk;BudK;yrf;aqmif Mum;cJhonf/ reDvmtajcpdkuf tm&SzGHUNzdK; wdk;wufa&;bPfrS tm&Sxkwf ukefrsm;taejzifh tiftm;BuD; EdkifiHrsm; pD;yGm;a&;jyefvnfaumif; rGefvmonfhtwGuf 0,fvdktm; wdk;wufvmrnfjzpfonf/tar &duef? Oa&mya'oESifh *syefEdkifiH wdkYrS pkpkaygif;jynfwGif;xkwfukef wefzdk;wdk;wufvmonfhtwGuf tm&Sxkwfukefrsm;twGuf0,fvdk tm;ydkrdkjrifhwufvmvdrfhrnfjzpf aMumif; 4if;bPfrSajymonf/ ADB
  • 16. April 10-16, 2014 Myanmar Business Today INTERNATIONAL BIZ 16 Myanmar Summary City Students Hope to Launch Site for ‘Slow News’ The Charta will wait two weeks after a major news event before publishing a story in order to present a fuller picture Alastair Reid F rustrated with the breakneck-pace of 24-hour news, two London’s City University are launching a project to The Charta, currently in the funding stage but planned for launch in September, will take two weeks to fully research and analyse the impact of a news event instead of rushing to publish a story before all the facts are “It’s supposed to allow us to give events time to unfold and avoid any pos- sible inaccuracies that you get while you are, for instance, following a liveblog or Twitter feed around an event,” Caro- lina Are, The Charta’s co- founder and editor, told Last week’s reports of a of Gran Canaria – which turned out to be a tug boat – and initial reports on the disappearance of examples of when some news organisations have jumped the gun on re- “We are aiming our website at people that are actually looking for the set view on a certain event, or coverage that is what’s happening now,” Breaking news is still important when accurate, she said, but The Charta will look to contextualise events and help people learn from them, to “see what it means to their fu- “One of our slogans is that Twitter asks what’s happening and we ask how, why and what is the future impact of the situation,” co-founder and managing director Charles-Édouard van done within an hour of an “You need the time to really investigate what’s happening, why it’s hap- pening, how it happened and what it means for the A porous paywall The Charta will be fund- ed through a subscription van de Put compared to the Financial Times’ me- Once established, read- ers will be invited to set up an account on The Charta where they will be able to view a limited number of articles before subscrib- “One thing we’ve identi- media today is that every- thing is free and therefore the stories they have to do are the stories that attract as many people as possi- Instead, The Charta’s co-founders hope to at- tract “partners” instead of readers, said Are, who can give constant feedback on the editorial process, sug- gest stories they would like to see covered or help investigate a topic where “We are trying to make independence one of our biggest goals,” she said, “and being completely in- dependent and complete- ly unbiased is impossible, but we are going to strive for open-mindedness and taking two weeks before publishing an article is going to be a great help Van de Put was keen to stress how The Charta will dif- fer from weekly publications like the Economist or Business Week in rounding up recent events - though they may tread a similar line in coverage, he believes The Charta will be able to pub- lish new stories on a daily “They are weekly but they talk about the week that just happened,” he on a Friday then what happened on a Thursday “With us there would be new stories every day”, he explained, but with two weeks-worth of research A prototype of the web- site includes stories on changes to The Defama- - diction in the digital age, the reporting of global humanitarian crises and a curated section to show- case the best journalism “We felt quite tired while reading the news,” - stantly ambushed by up- dates and sometimes we couldn’t make sense of “So we decided that we The Kickstarter cam- paign to crowdfund The “Twitter asks what’s hap- pening, and we ask how, why and what is the future impact of the situation” 24 em&DtwGif;xGufay:aeonfh Mum;jzwfowif;rsm;rSm taMumif; t&if;ESifhtcsuftvufjynfhpHkrI r&SdonfhtwGuf vef'ef City University rS aemufqHk;ESpf ausmif;om;ESpfOD;onf Mum;jzwf owif;rsm;tm; t&SdefavsmhoGm; ap&eftwGuf tpDtpOfwpfckudk jyKvkyfaeaMumif; od&onf/ tqdkygtpDtpOfjzpfonfh The Charta tm; ,ckvuf&Sdtcsdef wGif aiGaMu;axmufyHhrIjyK&ef tpD tpOfüom&Sdaeao;aomfvnf; pufwifbmvwGif pwifaqmif &GufoGm;&efpDpOfxm;aMumif; od& onf/ tqdkygtpDtpOftm; taumif txnfazmf&eftwGuf tcsuf tvufrsm;tm;vHk;udk rod&Sd&rD owif;tjzpfxkwfa0rIrsm;aMumifh jzpfay:vmonfhtusKd;oufa&muf rIrsm;qdkif&m okawoeESifh pdppf avhvmrIrsm;udk ESpfywfMumjyKvkyf oGm;rnfjzpfaMumif;vnf; od& onf/,ckvuf&Sdjzpfysufaeonfh tjzpftysufrsm;tm; owif; azmfjyrIxuf wdusaocsmonfh tcsuftvufrsm;tm; azmfjyEdkif &eftwGuf BudK;yrf;rIwpfckyifjzpf onf/Mum;jzwfowif;rsm;tae jzifh ta&;ygaeqJjzpfNyD; The Charta taejzifh vltrsm;tm; tqdkygtjzpftysufrsm;rS oif,l umvudkcsdwfquf½IjrifEdkif&efjzpfa Mumif;vnf; od&onf/ Twitter taejzifh bmjzpfae oenf;[k ar;jref;rIom&Sdaomf vnf; rdrdwdkYtaejzifh tqdkyg tajctaewpfckckrSm rnfodkYjzpf oenf;?tb,faMumifhjzpfoenf; ESifh tqdkygtajctaeaMumifh tem*wfoufa&mufrIbm&SdrvJ qdkonfhar;cGef;rsm;tcsuftvuf rsm;udkygod&Sdap&ef BudK;yrf;oGm; rnfjzpfNyD; wpfem&DtwGif; tqdk ygtcsufrsm;tm; od&Sd&efrjzpfEdkif aMumif; The Charta yl;aygif; wnfaxmifolESifh t,f'Dwmjzpf aom Charles-Édouard van de Put u odkY ajymMum;cJhonf/tjzpftysuf wpfcktm; bmjzpfysufaeoenf;? bmaMumifhjzpfysufoenf;? rnf odkYjzpfysufcJhoenf;ESifh tem*wf wGifrnfodkY&Sdrnfenf;qdkonfh tcsufrsm;tm; qef;ppfavhvm&ef u ajymMum;cJhonf/ JoeSkipper/Reuters
  • 17. April 10-16, 2014 Myanmar Business Today INTERNATIONAL BIZ 17 Myanmar Summary Myanmar Summary G20 Summits Have “Limited Relevance” Little short-term market impact from G20 since 2007; Media attention on G20 “probably not justified” David Milliken R egular meetings of the world’s leaders and central bank- ers have little short-term - kets, despite extensive media coverage, accord- ing to research published by the European Central ECB researchers looked at how the price of shares and bonds changed after meetings of the Group of - - when the body was at the lessen the impact of the “The big picture arising from our analysis is that are small, short-lived, non-systematic and non- robust,” the study con- market jitters - for exam- ple, by causing share pric- es to rise and bond prices in advanced economies to “(This) suggests that the information and decision has been of limited imme- diate relevance for market participants, or already The result contrasted with other, similar re- search into European Un- ion summits, US Federal Reserve meetings and a the G7 – all of which had a The research only fo- cused on the short-term and was not able to judge train at the meetings, or policymakers getting to Such advantages “would - sibly still valuable, but it would probably not justify the media attention that they sometimes receive”, central bank governors will take place in Wash- fringes of a meeting of the International Monetary Reuters Reuters Reuters/RickWilking Lift US Payrolls Lucia Mutikani T he US economy likely created jobs at the fastest pace in four months in March as it shifted into a higher gear after being held back Employers are expected new jobs to their payrolls last month after adding - cording to a Reuters sur- jobless rate likely dipped one-tenth of a percent- age point, returning to the - “It’s looking like the economy is in the process of reaccelerating after a very severe winter,” said Robert Dye, chief econo- mist at Comerica in Dal- An abnormally cold and snowy winter slammed the economy at the end - was further undercut by trim bloated inventories, for the long-term unem- ployed and cuts to food But data ranging from manufacturing and ser- vices sector activity to automobile sales have signaled strength in the - Should March hir- ing meet expectations, it would take job growth monthly average that pre- the economy close to re- gaining the positions lost A quickened pace of hir- ing could lead investors to bring forward expecta- tions for when the Federal Reserve will move over- night interest rates up bets are centered around Fed Chair Janet Yellen has argued the central bank needs to maintain a highly accommodative monetary policy for some time to come to eliminate slack in the labour mar- She has pointed to an unusually large number of long-term unemployed, - urÇmhxdyfoD;acgif;aqmifrsm; ESifh A[dkbPfOuú|rsm;yHkrSefawGUqHk rIjyKMuonfh awGUqHkaqG;aEG;yGJrsm; aMumifhaiGaMu;aps;uGufrsm;tay: wGifumvwdkoufa&mufrItenf; i,f&SdvmrnfjzpfaMumif; Oa&my A[dkbPfrS pdppfxkwfa0cJhaom okawoeppfwrf;t& od&onf/ Oa&myA[dkbPfrS okawoe jyKolrsm;taejzifh Group of 20 (G20) awGUqHkaqG;aEG;yGJtNyD; aemuf &S,f,maps;EIef;rsm;ESifh aiGacs;pmcsKyfaps;EIef;rsm;onf 2007 ckESpf Edk0ifbmvESifh 2013 ckESpf pufwifbmvtMum;wGif rnfodkYajymif;vJcJhonfqdkonfh tcsufudk pdppfavhvmcJhMuaMumif; od&onf/ tqdkygtcsdefumvtwGif; b@ma&;umvqdk;usKd;ouf a&mufrIrsm;udk twwfEdkifqHk; avsmhyg;&eftwGufvnf; BudK;yrf; cJhMu&mwGif Oa&myA[dkbPfrSm vnf; ta&;ygcJhonf/ rdrdwdkY pdppfavhvmrIrsm;rS xGufay:vm onfhtcsufrSm G20 awGUqHk aqG;aEG;yGJrsm; tusKd;ouf a&mufrIrSm enf;yg;NyD;? umvwdk oufa&mufrIom&Sdovdk? pepf wusvnf;r&Sdovdk cdkifrmrIvnf; r&SdaMumif; ppfwrf;aumuf,lol rsm;u oHk;oyfxm;onf/ tqdkygokawoeavhvmcsuf rSm G20 awGUqHkaqG;aEG;yGJrsm; umvwdktusKd;oufa&mufrIwpfck wnf;udkomtm½HkpdkufcJhonf/ tar&duefpD;yGm;a&;rSm jyef vnfwdk;wufaumif;rGefvmcJh NyD;rwfvwGiftvkyftudkifzef wD;rIwGiftjrefqHk;EIef;xm;wpf &yf&SdcJhNyD;aqmif;&moDumvwGif pD;yGm;a&;usqif;rIrsm;&SdcJhaomf vnf;,cktcgjyefvnfzGHUNzdK;wdk; wufvmonfhtaetxm;odkY a&muf&SdvmcJhNyDjzpfonf/ tvkyftudkiftopfaygif; part-time work or have “The labour market is moving in the right di- rection but not as quickly as the Fed would like it,” said Ryan Sweet, a senior economist at Moody’s An- alytics in West Chester, Reuters 200ç000 udkxyfrHzefwD;oGm; Edkif&efvkyfief;&Sifrsm;u arQmfrSef; xm;MuNyD;azazmf0g&DvwGif tvkyftudkifaygif; 175ç000 udk zefwD;EdkifcJhaMumif;½dkufwmrSpD; yGm;a&;ynm&Sifrsm;avhvm qef;ppfrIrsm;t& od& onf/ aqmif;&moDausmfvGefNyD;csdef wGifpD;yGm;a&;rSmt&Sdeft[kefjzifh jyefvnfaumif;rGefvmonfht ajctae wpf&yfwGif&Sdaeonf/
  • 18. April 10-16, 2014 Myanmar Business Today INVESTMENT & FINANCE 18 David Mayes T he recently announced proposals in the new UK budget set the stage for a complete reform of the pension retiring in Myanmar are very - bate, but if the budget is signed into law as is then there will be some drastic changes to not only the UK pension market but pensions, also called money purchase schemes, the gov- ernment is considering allow- ing the scheme members to drawdown once they reach re- means they could cash in their entire pension if they want and unauthorised payment charge they would be taxed at what- ever their marginal tax rate would speed up the collection of revenue for HMRC as many are likely to encash their pensions The worry of course is that people will go out and blow it all and then need to be sup- UK Pension Reforms Announced logic behind forcing pensioners to take an annuity to secure an income for life, but with interest rates remaining low for so long many pensioners have been getting a horrible deal on their - gree turn around from the gov- - deed the HMRC has been very aggressive in preventing those to a QROPS to continue to fol- low the UK drawdown guide- The budget also called for a consultation on the death tax, which taxes any remaining percent before it can be passed the industry worry that the op- tion to transfer a pension out- side of the estate, such as into a QROPS, may soon be a thing to know for sure which way the government will go, but the window to remove a pension from the UK tax net may be get- ting ready to close, at least in cash in the entire amount at a much lower tax rate than in the if QROPS trustees interpret the government’s change of stance as meaning that they also can Those who have valuable de- - - abilities may be well advised to at least look into transferring However, if you have a smaller pension pot, the best advice go- ing forward may in fact be to leave it in the UK and cash it in over a few years while you are in a low tax bracket in retire- - ality payments, where a pension is allowed to be paid out com- pletely in a lump sum because it is too small to provide a reason- able income, would also be in- maximum of three pensions, up - David Mayes MBA provides wealth management servic- es to expatriates throughout Myanmar Summary Myanmar Summary LukeMacGregor/Reuters UK Pension Transfers. He can be reached at david.m@fara- Faramond UK is regulated by the FCA and pro- vides advice on pensions and taxation. Philippines Seeks Bids from Exporters in Rice Deal, Including Myanmar Erik dela Cruz T he Philippines is seeking bids from exporters in at least seven countries tonnes of rice, a government of- The Southeast nation, which typically imports rice from Vi- etnam and Thailand, is looking to bolster stockpiles for the sec- ond half of the year when little of the staple grain is harvested “We have invited all rice- exporting countries, even the United States,” said National Food Authority (NFA) Deputy Administrator Ludovico Ja- rina, adding that he hoped this would boost the chances of get- Rice exporters in Myanmar, Pakistan and India may also bid for each or all of the four “It’s possible that there will choose the lowest price,” he Vinafood 2, Vietnam’s top rice exporter, has taken bid docu- ments and is looking to sup- ply the entire volume, while Thailand’s government has ex- pressed interest in participating - Vinafood 2 and the embassies of Thailand and Cambodia in Manila sent representatives to a pre-bidding conference held at from international commodi- ties traders and grain exporters such as Louis Dreyfus, South Korea’s Daewoo International Corp and Vietnam’s Gentraco Corp Thailand’s Asia Golden Rice Co Ltd and Thai Hua Co Bids will be for the supply of well-milled rice in US dollars The Philippines, one of the world’s biggest rice buyers, is also looking to stabilise local re- tail prices of the grain, which hit a four-month high in February The NFA is seeking delivery shipments between May and August, with an approved budg- Its purchases could provide support to rice export prices in Asia, with Thai rice prices steadily falling on rising supply as farmers harvest their second Rice prices in Vietnam were stable last week, with the har- Reuters RomeoRanoco/Reuters zdvpfydkifEdkifiHtaejzifh qefrufx&pf wefcsdef 800ç000 wefudk 0,f,loGm; &eftwGuf tenf;qHk;EdkifiHaygif;ckepfck wGif ydkYukefwifydkYolrsm;ESifh oabmwlnD csufrsm;&&Sd&ef BudK;yrf;aeaMumif; od& onf/ zdvpfydkifEdkifiHtaejzifh AD,uferfESifh xdkif;EdkifiHwdkYrSqefrsm;udk wifoGif;avh&Sd NyD; jynfwGif;wGif pdkufysdK;rItiftm;enf; yg;onfhtwGuf 'kwd,ESpf0uftwGuf qefodkavSmifpkaqmif;rIrsm;udkjyKvkyfoGm; vdkjcif;yifjzpfonf/ rdrdwdkYtaejzifh qef wifydkYonfhEdkifiHrsm;tm;vHk;udkzdwfac:cJhNyD; tar&duefEdkifiHyg zdwfac:cJhaMumif; Ludovico Jarina u ajymMum;cJhonf/ rMumao;rDtcsdefumvtwGif; ,laubuf*suftqdkjyKrIrsm;tae jzifhyifpifOya'rsm;jyKjyifajymif;vJrIrsm; udkygtusdK;oufa&mufrI&Sdrnfjzpfonf/ jrefrmEdkifiHwGiftvkyfvkyfudkifaeMu aomtjcm;EdkifiHrStajccsaexdkifolrsm; odkYr[kwftNidrf;pm;,lolrsm;taejzifh wdkYtay:oufa&mufrIrsm;&SdvmEdkifzG,f tajctae&Sdonf/aqG;aEG;wdkifyifonfh tcsdefumvtwGif;rwlnDonfhoabm xm;rsm;tm;tjyif;txefaqG;aEG; oGm;zG,f&Sdaeonf/odkYaomfvnf; buf *suftpD&ifcHcsuftm;Oya'tjzpfvuf rSwfa&;xdk;cJhrnfqdkvQif,lauyifpif aps;uGufwGifomrujynfyaps;uGuf rsm;wGifygtajymif;tvJrsm;udkawGUjrif vm&vdrfhrnfjzpfonf/ yifpifaiGrsm;rSm bPfrsm;wGifESpfumv&SnfMumpGm&if;ESD; jr§KyfESHxm;onfh&if;ESD;jr§KyfESHrIrsm;yifjzpf NyD; yifpif,lonfhtcsdefwGif tqdkygaiG aMu;yrmPrSmtvGefrsm;jym;onfhtae txm;wGif&Sdvmrnfjzpfonf/ ,laurS tqdkyg yifpifvpm;rsm;tm;vHk;udkwpf vHk;wpf&if;wnf;xkwf,lcGifhudkcGifhr jyKcJhay/ ,lautaejzifh jynfolrsm; b0tqifajyacsmarGUpGmaexdkifEdkifa&; twGufvlrIa&;toHk;p&dwfrsm;udkjrifhrm; pGmoHk;pGJaeNyD;yifpifvpmrsm;tm;wpf csdefwnf;tvHk;t&if;xkwf,lNyD;,if; aiGaMu;tm;aumif;rGefpGmpDrHcefYcGJt oHk;rjyKyJjzKef;wD;ypfcJhvQiftpdk;&tae jzifhtqdkygvlrsm;tm; apmifha&Smufay; xm;&rnfhtwGuft&pfuspepfjzifhxkwf ,l&efpnf;rsOf;xm;&Sdjcif;jzpfonf/
  • 19. April 10-16, 2014 Myanmar Business Today INVESTMENT & FINANCE 19 Myanmar Summary AYA Taps Local Travellers with Visa Multicurrency Cards Phyu Thit Lwin A yeyarwady Bank (AYA Bank) and Visa has launched multicurrency prepaid travel cards for corpo- rate and individual travellers - The AYA World Travel Visa card, which can hold up to three currencies (Euro, US dollar, Singaporean dollar), will allow cardholders to pay for purchas- It can be used to make pur- chases at all merchants, either online or in-store, where Visa is accepted, besides having im- mediate cash access at ATMs The bank will issue two types of cards – corporate and indi- - fering the corporate card solu- tion in the electronic payments sector,” Phyo Aung, managing “Now that the country is open- ing up, more local businesses are entering the global market and travel and entertainment is the one of the largest business expenses in most organisations and it continues to grow,” he Phyo Aung said the AYA cor- porate card can assist busi- nesses with better control over reduce the time spent authoris- He said with individual cards, cardholders can travel “safely and conveniently” without wor- rying to carry a large amount of An additional feature of the new card is Visa PayWave con- tactless payment technology, which allows the cardholder to make contactless payments where Visa PayWave is accept- Somboon Krobteeranon, Visa country manager, Myanmar and Thailand, said these cards will provide both corporates and individual cardholders with “greater security and conveni- ence” in the ways they can pay “We look forward to continu- ing to work with Ayeyarwady Bank to introduce additional products that will support the - As of March, Ayeyarwady - wide and its non-bank custom- {&m0wDbPf (AYA Bank) ESifh Visa wkdYonf EdkifiHjcm;odkY c&D;oGm;vmrnfhol rsm; tqifajyap&eftwGuf AYAWorld Travel Card rsm;udk aqmif&GufoGm; rnfjzpfaMumif; xkwfjyefaMunmcJhovdk ,ckuJhodkY jynfywGif toHk;jyKEdkifonfh aiGay;acsrIuwfrsm;onf jrefrmEdkifiH b@ma&;pepfzGHUNzdK;wdk;wufrIwGif rSwf wdkifaumif;wpfckjzpfvmrnfjzpfNyD; jrefrm EdkifiHrS aumfydka&;&Sif;rsm;ESifh jynfwGif; aexdkifolrsm;taejzifh urÇmhaps;uGuf wGif aiGay;acsrIrsm;ü tqifajyacsmarGU ap&eftwGuf axmufyHhrIjyKonfh qef;opf wDxGifonfhaiGay;acsrIqdkif&majz&Sif;csuf rsm;vnf;jzpfonf/,ckyl;aygif;aqmif&Guf rIwGif {&m0wDbPfrS aumfydk&dwfuwf ESifh wpfOD;csif;uwftrsKd;tpm;ESpfckudk xkwfjyefay;oGm;rnfjzpfaMumif;vnf; od&onf/ AYA World Travel Visa uwf taejzifh uwfokH;pGJolrsm;twGuf ydkrdktqifajyacsmarGUovdk ydkrdk,HkMunf pdwfcs&aMumif;vnf; od&onf/ xdkYtjyif ,if;uwfjzifh ,l½dk?tar&duef a':vmESifh pifumylaiGaMu;pepfoHk;ckvHk; twGuf toHk;jyKEdkifrnfjzpfonf/uwf toHk;jyKolrsm;taejzifh jynfywGif 0,f,l rIrsm;twGuf tqdkyguwfjzifh aiGay;acs Edkifrnfjzpfovdk ,if;uwftm; vufcH oHk;pGJEdkifonfh rnfonfhae&mwGifrqdk tGefvdkif;rSjzpfap?pwdk;rsm;rSjzpfap 0,f,l umaiGay;acsrIjyKvkyfoGm;Edkifrnfjzpf aMumif;{&m0wDbPfrSrefae*sif;'g½dkuf wm OD;NzdK;armifuajymMum;cJhonf/ JasonReed/Reuters Myanmar Summary Indian Firm to Conduct Mining Kyaw Min A n Indian company is of- fering to conduct mining work in two townships of Falam and Tunzang in My- anmar’s Chin State, state-run Karam Chang Thapar (KCT) company is likely to carry out such mineral exploration work as on gold, chromites, nickel and limestone, said the New There are nine townships in Chin except one that can pro- duce chromite, nickel, iron, copper, aluminum, limestone, A number of other private companies have also sought permission to do such mining work in the state, the report Following the reforms, Myan- mar has been encouraging lo- cal and foreign investments in engaged in mineral exploration tdEd´,ukrÜPDwpfckonf jrefrmEdkifiH csif;jynfe,f&Sdzvrf;ESifhwGef;ZHNrdKUe,frsm; wGif owåKwGif;vkyfief;rsm;udk aqmif&Guf &efwGuf pdwf0ifpm;aeaMumif; od&onf/ ,if; Karam Chang Thapar (KCT) ukrÜPDtaejzifh a&T? c½dkrdkuf? eDu,f in Myanmar including com- panies from Australia, China, France, Japan Malaysia, Sin- gapore, South Korea, Thailand, existing foreign contracted in- vestment in Myanmar’s min- billion in 11 projects as of the end of January, accounting for investment, making it the third largest investment sector after ESifh xHk;ausmufwdkYuJhodkY obm0wGif;xGuf ypönf;rsm;udk&SmazGrIjyKvkyfoGm;vdkaMumif; od&onf/ yk*¾vduukrÜPDtawmfrsm;rsm;taejzifh vnf; owåKwGif;vkyfief;rsm;tm; csif; jynfe,fwGiftaumiftxnfazmfaqmif &GufoGm;&eftwGuf vkyfief;cGifhjyKcsufrsm; &&Sd&ef BudK;yrf;aeaMumif; od&onf/ SoeZeyaTun/Reuters
  • 20. April 10-16, 2014 Myanmar Business Today INVESTMENT & FINANCE 20 Seeking Tech Fixes for Aid Projects, Myanmar Hold First Hackathon Low phone penetration and spotty Internet access have held back Myanmar, previously called Burma, but foreign investment and aid could unlock its fledgling tech sector Casey Hynes I t’s a Saturday after- noon and Ye Lin Aung has been holed up in a group of friends have been working through the night on a mobile app that would help farmers They are competing contest to create tech- based solutions for some of the country’s pressing Ye Lin Aung, a software engineer, and the other members of team NilBug have carved out a work- space among the other of tables is partitioned by whiteboards that are scrawled with notes on the app’s functions and reminders for the devel- similar set-ups, and a ready supply of Red Bull and Nescafé instant cof- It would be a familiar scene in San Francisco or - anmar, a country where a slim segment of the population has access to phones and the vast ma- jority of people have nev- After decades of military rule and isolation, Myan- mar has begun opening up to international aid and industry lags far behind neighbors like Thailand and India: mobile phone penetration is roughly ten percent; even fewer have Despite this low con- nectivity, Myanmar’s tech Tech events such as this hackathon, and broader collaboration between coders and do-gooders, may yield technology so- lutions for development “The potential to do re- ally good work, to use tech to solve real problems, is so clear,” said David Mad- den, founder of Code for Change Myanmar, which helped organize last week’s hackathon in Myanmar’s Apps for aid projects At the hackathon kick- Qatari telecom Ooredoo, one of the sponsors, rep- resentatives of Myanmar- based NGOs laid out the challenges for the team: ranged from how to reach sex workers to educate crowdsourcing election monitoring for next year’s Eighty-three people joined the hackathon and end, a panel of four judg- es gave each team three minutes to present their NilBug won the com- petition with an app that would allow farmers to look up which pesticides were best to use on their crops, and to swap tips with other farmers on For participants like Ye Lin Aung, the hackathon allowed him to meet tech professionals who work in the start-up scenes in Myanmar and in places such as Australia and Sin- While last week’s hack- kind, Myanmar has host- ed other donor-funded tech events, including a BarCamp meet-up in Yangon in February that - ous month, a US embas- sy-supported TechCamp brought together more - tivists for training in tech have also been held in Mandalay, Myanmar’s “There’s so much energy and so much passion and when you create the right environment, these young people in Myanmar just grab it with both hands,” No panacea for poverty While enthusiasts say that widespread tech lit- eracy and access could lead to improvements democratic institutions, it’s no panacea for a country torn by ethnic- rural poverty, and po- litical divisions that no Twenty-six percent of the population lives below the poverty line, according to - ades of investment, public infrastructure is decrepit A spokesman from the US embassy in Yangon said digital literacy could - mar toward better gov- ernance and economic - ster education by allowing schools to connect with counterparts in other countries, and improve communication with Phil Morle, CEO of Pol- lenizer, a Australia-based company that helps start- ups in Asia and Australia, believes Myanmar is ripe for a digital revolution because of “latent inter- est combined with the on switch about to be ticked New phone licences The “on switch” for Myanmar is the promise - government issued two cellular phone licenses to Ooredoo and Telenor, a Both are now building na- tional cellular networks mobile phone penetration “I think there’s an ex- traordinary shift about to For now, tech develop- ers struggle with slow Internet speeds as they work to build new prod- rolling out services in Lorna McPherson, chief - has announced plans to launch mobile services by the third quarter of this vast majority of people should have access to cell Myo Htet Aung, an android developer who participated in the hack- athon, sums up the atti- tude of many in the tech share my knowledge in (but) we still need to do a The Christian Science Monitor Myanmar Summary rMumao;rDESpfrsm;twGif; jyKjyif ajymif;vJrIrsm;udk aqmif&GufcJhNyD; u@toD;oD;wGif jyKjyifajymif;vJ rIrsm;udkaqmif&GufcJhonfh jrefrm EdkifiHwGifyxrOD;qHk; hackathon tm; rMumao;rDu jyKvkyfusif;y cJhNyD;jrefrmEdkifiHvuf&SdBuHKawGU ae&aomzGHUNzdK;wdk;wufa&;twGuf pdefac:csufrsm;udkajz&Sif;&eftwGuf em&Daygif; 48 em&DMumtcsdef& onfh enf;ynmtajcjyKajz&Sif; csufrsm;tm; NydKifqdkifzefwD;rI jyKvkyfcJhMuonf/udk&Jvif;atmif mobile app wpfckudk BudK;yrf; zefwD;cJhMuNyD; tqdkygzefwD;rIonf aumufyJoD;ESHrsm;tm; umuG,f &eftwGuftaxmuftuljzpfzG,f &SdaMumif;vnf;od&onf/ OoredooMyanmar
  • 21. April 10-16, 2014 Myanmar Business Today INVESTMENT & FINANCE 21 Myanmar Summary Myanmar Summary Philippine’s URC Earmarks $30m for Myanmar Plant Aye Myat F ilipino food and bev- erage manufacturer Universal Robina Corp (URC) is to spend a production plant in My- Michael P Liwanag, vice-president for corpo- rate planning and investor relations, said the com- pany, a unit of Gokongwei conglomerate JG Sum- mit Inc, is proceeding with plant construction, according to Philippines - nalised the contract with coming months, we will start construction,” Liwa- nag said after the Invest- - will take a minimum of 12 on how fast the builder He said the facility will initially produce bis- cuits like Magic Flakes and Cream-O, as well as chips under the Jack N’ investment for Myanmar, The investment will be sourced from URC’s its capital expenditures Myanmar F&B Presence Phyu Thit Lwin S ingapore-based con- glomerate WPG Group has opened three fast food outlets in Yangon in a bid to tap the rising demand of fast foods from the recently-opened Southeast Asian country’s WPG Group, an invest- ment company with its business interests rang- ing from property, ho- tels, travel to limousine services and wealth man- agement, forayed into Myanmar with its three fast food brands – The Big Fryer, Food Talk and All the three outlets are located in AKK Mall, Thingangyun township, The company said it sees potential for huge expansion due the cur- rent reforms and continu- ous growth in Myanmar’s economy, and that it has “already invested heavily” into the F&B business in “The company aims to present fast and delicious food suitable for all ages in a comfortable and vibrant environment, at reason- able prices,” the company As part of the F&B de- velopment, WPG said it will open its fourth outlet in People’s Park by April Ahlone township in Yan- Further in the pipeline, WPG is set to open three more outlets in Bago re- gion with the develop- ment of its new retail mall aims to expand its fast - lets across Myanmar, “By creating more jobs and businesses, WPG hopes to play a part in contributing to Myan- mar’s economy and also its increasing middle pifumylEdkifiHtajcpdkuf pD;yGm; a&;tiftm;pkBuD;jzpfaom WPG Group onf &efukefwGif toifh pm;oHk;Edkifaomtpm;tpma&mif;cs onfhqdkifoHk;cktm;zGifhvSpfcJhaMumif; od&NyD; ta&SUawmiftm&StzGJU0if EdkifiHwpfckjzpfaom jrefrmEdkifiH onf rMumao;rDESpfrsm;twGif; ydkrdkzGHUNzdK;wdk;wufvmovdk vlvwf wef;pm;OD;a&rSmvnf; ydkrdkwdk;wuf vmonfhtwGuf toifhpm;oHk;Edkif onfhpm;aomufukefrsm; 0,fvdk tm;rSmvnf; jrifhwufvmcJhonf/ WPG Group onf tdrfNcHajr vkyfief;? [dkw,fvkyfief;rsm;? c&D; oGm;vkyfief;? ZdrfcHrSefvHkum;0ef aqmifrIrsm;tp&Sdonfh vkyfief; rsm;udkvnf; aqmif&Guf&efpdwf0if pm;aeonfh &if;ESD;jr§KyfESHrIukrÜPD wpfckjzpfaMumif;od&onf/ zdvpfydkifEdkifiH pm;aomufukef ESifhtazsmf,rumxkwfvkyfonfh vkyfief;jzpfaom Universal Robina Corp (URC) onf jrefrmEdkifiHwGif ,ckESpftwGif; pm;aomufukefESifhtazsmf,rum xkwfvkyf&efpuf½Hkwpfckudk wnf aqmufoGm;&eftwGuf tar&duef a':vm oef; 30 0ef;usiftoHk;jyK oGm;rnf[k od&onf/ aumfydk&dwfvkyfief;tpDtpOf a&;qGJrIESifh&if;ESD;jr§KyfESHolqufqH a&;u@twGuf 'kwd,Ouú|jzpf ol Michael P Liwanag u Gokongwei conglomerate JG Summit Inc ,lepfwpfck jzpfaom URC ukrÜPDtaejzifh puf½HkwnfaqmufrIudkjyKvkyfoGm; Edkif&ef BudK;yrf;aqmif&GufaeNyDjzpf aMumif; ajymMum;cJhonf/ rdrdwdkY taejzifh puf½HkwnfaqmufrI twGuf aqmufvkyfa&;vkyfief; aqmif&Guf&ef tNyD;owfoabm wlnDrIudk &&SdcJhNyD;jzpfaMumif;?vm rnfhvrsm;twGif; aqmufvkyfrI udk pwifaqmif&GufoGm;Edkifrnf[k rdrdxifjrifrdaMumif; Liwanag uajymMum;cJhonf/ for dialogue between the country on its economic IMF said growth of credit to the private sec- tor is projected to mod- erate from current high levels but remain rapid at - in line with the budget - from telecommunica- tions licences, which were Myanmar current re- cent economic reforms - ing exchange rate and removing exchange re- strictions; establishing an autonomous central increasing spending on - and remain elevated in IMF said risks to the outlook arise largely from limited macroeconomic management capacity and thin international re- - vated and there are pres- sures from rapid money and credit growth, kyat depreciation and possi- International reserves are still low and vulnerable to shocks,” the lender said IMF projected the exter- to widen further to about Central Bank of Myanmar (CBM)’s accumulation of international reserves been slower than project- ed, but is hoped pick up in - rect investment and other - IMF praised Myanmar on achieving some quan- titative and structural benchmarks including building the CBM’s re- serves, maintaining an liberalising the foreign exchange market, and building monetary and - Capacity constraints moderated achievements in some areas but pro- gress continues to be aMu;&HyHkaiGtzGJUrSajymMum;cJho nf/ jrefrmEdkifiH 2012- 2013b@ma&;ESpfwGifpkpkaygif; jynfwGif;xkwfukefzGHUNzdK;wdk;wuf rIEIef;rSm 7.3 &mcdkifEIef;&SdcJhNyD; 2013-2014 b@ma&;ESpfwGif 7.5 &mcdkifEIef;txdwdk;wufvm &efarQmfrSef;xm;ovdk 2014- 2015 b@ma&;ESpfwGif 7.75 &mcdkifEIef;txdwdk;wufvmrnf [kvnf;cefYrSef;xm;onf/ yk*¾vduu@odkYacs;aiGcsay;rI wdk;wufEIef;rSmvnf;tv,ft vwftqifhodkYa&muf&Sdvdrfhrnf [kcefYrSef; xm;onf/ RichardClark NayChiStudio
  • 22. April 10-16, 2014 Myanmar Business Today INVESTMENT & FINANCE 22 Myanmar Summary Stanley Weiss O ne of them has helped reforest environmentally threatened regions and donated money to assist children with Down syn- ticket his airline sells goes to social welfare organisa- Nargis devastated Myan- - dation contributed more schools, hospitals, and The other has footed the bill for school fees and medical expenses for the families of Myanmar’s actively recruiting doc- tors from other nations to improve the health care system here, and over- sees the only national institution – the Myan- mar football league – in which ethnic minorities participate on an equal footing with ethnic Bur- corruption threatens to derail this country’s nas- cent democracy, he is the leader to have opened his books to an internation- ally-respected accounting presented the full audit to United States Ambassa- Which is not to say that Tay Za and Zaw Zaw, two of the most successful businessmen in Myan- the past two decades, the head of the Htoo Group - man of the Max Myanmar Group built their vast con- glomerates of companies – stretching from banking to hotels to construction – by thriving on connec- tions they developed with a regime notorious for hu- contacts landed the two on the US government’s Myanmar sanctions list, which bans American in- dividuals and companies from doing business with any friends of the old re- But when the generals traded their uniforms for the US government lifted sanctions on many mili- tary leaders – but kept the blacklist in place for people like Tay Za and letting Al Capone go scot- free while continuing to This is the farce that US sanctions on Myanmar a man who has created people – and, in journal- ist Erika Kinetz’s estima- tion, is “widely regarded as among the cleanest of the bunch” – is on the list, along with Tay Za and reporter Matthew Pen- nington have written, a top minister’s son and suspected arms dealer who supplied weapons to North Korea; the wife, children and grandson of brutal former military leader Than Shwe, and the sons of a former hard- line leader accused of at- tacking opposition leader Aung San Suu Kyi, killing a number of her support- ers; and sons of top lead- ers who have amassed tens of millions of dollars Meanwhile, Tay Za – billionaire, despite the sanctions – notes that while the US continues to punish local business leaders, they’ve taken “no and Total, the two promi- nent Western energy companies that are mak- ing billions of dollars an- nually from their natural Indeed, Chevron and To- - A sanctions list that punishes cronies but re- moves thugs makes no sense, morally or eco- - ates a false standard and begs the question: what does the US really want to achieve in Myanmar? If the answer is, “to cut face,” then mission ac- All it does is put US disadvantage, while driv- ing investment to other Australia – which togeth- er had over a thousand in- dividuals and companies on their sanctions lists – lifted their sanctions Asia has no restrictions on or qualms about work- ing with anyone in Myan- - nesses are barred from working with some of the very people who are most central to the success of “The American Cham- bers of Commerce here is asking why these sanc- tions are being kept in place,” a local venture raise this issue with every State Department visitor The EU has no list and Accor Hotels has part- A major reason, as US is a prisoner of a congressional prison,” a European ambassador - cal businessman adds, “The Obama administra- guard of people support- ing sanctions in the US and couldn’t just turn on the switch so they said ‘We are open for busi- ness but not with the bad One anonymous senior quoted by the AP last year list doesn’t allow for re- is designed to hold peo- ple accountable for past wrongs, regardless of whatever good work they it’s true that accountabil- ity is important, a sanc- tions list that leaks like - tershot accountability is no way for the US to en- courage a democratic and exactly how this selec- tively punitive black- list impedes such good - ing project and needed “They liked it, but once their lawyers reviewed it they rejected it and said you can’t train cronies They are key to stopping back and said, ‘OK for the training but we can’t pay don’t call it training, I call it ‘seminars’ and they al- It’s time for the US to follow the EU’s lead and lift its sanctions on My- anmar – and move people like Tay Za and Zaw Zaw from a blacklist to the top of the list of people we - man friend tells me, “The cronies here are doing some good things and the The US should also reconsider its policy of punishing the children of sanctioned individuals by refusing to let them travel Why push the next gen- eration to study in China and Russia? Instead, we should be giving them a chance to learn about free Above all, the US, a na- tion built by slavehold- ers and robber barons, There are no angels in countries with Myan- with shady pasts can still help Myanmar walk out into the bright sunlight of mining executive and founder of Washington- based Business Execu- tives for National Se- published on domestic and international issues for three decades. c½dkeDrsm;[k owfrSwfjcif;cHxm; &onfh jrefrmEdkifiH tcsrf;om qHk;pm&if;0ifrsm;jzpfonfh OD;awZ ESifh OD;aZmfaZmfwdkYESpfOD;teufrS wpfOD;onf obm0ywf0ef;usif xdef;odrf;apmifha&SmufrItultnD rsm; ay;tyfcJhovdk Down syndrome a0'emcHpm;ae& aomuav;i,frsm;udkvnf; axmufyHh&eftwGuf aiGaMu;tul tnDrsm; ay;tyfcJhonf/ 2008 ckESpf em*pfqdkufuvkef;rkefwdkif; jzpfyGm;cJhNyD;tcsdefwGif OD;awZ xl;azmifa';&Sif;rS ausmif;rsm;? aq;½Hkrsm;? bkef;BuD;ausmif;rsm; jyefvnfwnfaqmuf&eftwGuf tar&duefa':vm &Spfoef;ausmf wefzdk;&Sdonfh tultnDrsm;ay; tyfcJhonf/ OD;aZmfaZmfrSmvnf; jrefrmEdkifiHrS EdkifiHa&;tusOf;om; rsm;rdom;pkrsm;twGuf ausmif; pm;&dwfESifhaq;0g;oHk;pGJrIrsm;twGuf tultnDrsm;ay;cJhovdk tjcm; EdkifiHrsm;rS q&m0efrsm;udk ac:,l um jrefrmEdkifiHwGif usef;rma&; apmifha&SmufrIpepfrsm;wdk;wuf&ef twGufBudK;yrf;cJhovdk jrefrmae&Sif e,fvd*fudkvnf; wnfaxmifcJh onf/ tqdkygtcsdefonf jrefrm EdkifiH'Drdkua&pDtajymif;tvJwGif tusifhysufjcpm;rIrsm;uNcdrf;ajcmuf aeonfhtcsdefjzpfaomfvnf; OD;aZmfaZmfrSm tjynfjynfqdkif&m r Sav;pm;rIudk&&Sdxm;onfh pm&if; a&;ydkifqdkifrIESifhywfoufí yGifh vif;jrifompGm zGifhjycJhonf/ OD;awZESifh OD;aZmfaZmfwdkYonf jrefrmEdkifiHwGif atmifjrifrIt&Sd qHk; pD;yGm;a&;vkyfief;&Sifrsm;jzpf Muonf/vGefcJhaom q,fpkESpf ESpfcktwGif; Htoo Group tBuD;tuJjzpfol OD;awZESifh Max Myanmar Group Ouú|jzpfNyD; touf 46 ESpft&G,f &Sdonfh OD;aZmfaZmfwdkYonf bPf vkyfief;? aqmufvkyfa&;rSonf [dkw,fvkyfief;rsm;txd pD;yGm; a&;vkyfief;rsm;udk aqmif&GufcJh onf/ppftpdk;&vufxufwGif ppftpdk;&ESifhtwl pD;yGm;a&;vkyf ief;rsm;aqmif&GufcJhNyD; vlUtcGifh ta&;csKd;azmufonf[lonfh tcsufrsm;jzifh OD;awZESifh OD;aZmf aZmfwdkYrSm tar&duef wpfOD; csif;ESifh ukrÜPDrsm;rS pD;yGm;a&; yl;aygif;vkyfaqmifcGifhr&Sdonfh emrnfysufpm&if;wGif usef&SdaeqJ jzpfonf/2010 ckESpfwGif t&yf buftpdk;&wufvmcJhaomfvnf; ppftpdk;&vufxufu AdkvfcsKyf BuD;rsm;yg0ifaeqJyifjzpfonf/ tar&dueftpdk;&rS ppftpdk;& acgif;aqmifrsm;tm; pD;yGm;a&; ydwfqdkYrIrsm;udk ajzavQmhay;cJhaomf vnf; OD;awZESifh OD;aZmfaZmfuJh odkY vlrsm;tm; trnfrnf;pm&if; (odkYr[kwf) emrnfysufpm&if;wGif xnfhoGif;xm;qJjzpfonf/xdk tcsufrSm Al Capone tm; tjypfay;onfhyHkpHESifhtvm;o@mef wlaeonf/ “The US, a nation built by slaveholders and robber barons, should stop preen- ing. There are no angels in countries with Myanmar’s history. Even those with shady pasts can still help Myanmar walk out into the bright sunlight of a new day.” SoeZeyaTun/Reuters
  • 23. April 10-16, 2014 Myanmar Business Today PROPERTY & REAL ESTATE 23 Contd. P 24... Myanmar Summary International Hotel Parkroyal Nay Pyi Taw aims to tap visiting dignitaries and high-profile guests Kyaw Min S ingapore-based Pan Pa- - anmar’s capital Nay Pyi Taw, with the remainder expected to be fully operational by the end of this year, said PPHG, which is a wholly-owned hotel sub- sidiary of Singapore-listed ho- tel and property company UOL The launch also makes Park- - tel brand in Myanmar to have presence in two major cities – Yangon, the commercial centre, and Nay Pyi Taw, the adminis- dining restaurant, spa, gym, swimming pool and a range of Nay Pyi Taw is the third larg- est city in Myanmar and has been listed by CNN as one of the world’s fastest-growing cit- is expected to host a series of in- ternational events, starting with the ASEAN Leadership Forum Set within spacious land- scaped gardens, the hotel is located within the vicinity of the Myanmar International venue of government functions, and the hotel said it anticipates being the “accommodation of choice for many foreign and lo- cal dignitaries” who are expect- ed to join the slew of meetings set to take place this year due to Myanmar’s ASEAN chairman- Parkroyal Yangon, which was established over 12 years ago, is also undergoing a series of renovations this year to refresh its lobby, dining spaces as well as meeting and entertainment The opening of the hotel un- der a management contract, and the refurbishment of Park- royal Yangon come on the heels of another recent development Last November, PPHG an- nounced a conditional joint venture with local property gi- ant Shwe Taung Group to de- - - posite popular tourist attrac- tion Bogyoke Aung San (Scott) “As an early and success- ful player in Myanmar’s hotel Group is keen to capitalise on business opportunities within to solidify our position as one of the leading international hotel operators in the country,” said Bernold O Schroeder, chief ex- “The opening of Parkroyal Nay Pyi Taw in such a promi- nent location in the capital will give the brand greater visibility and boost the group’s Myanmar “We look forward to harness- ing our in-depth market knowl- edge and strong reputation to win over more travellers with the quality accommodation and personalised service that we have become trusted to pro- PPHG said it continues to seek expansion opportunities in key destinations for both city - - tel and Serviced Suites Tianjin hotels in Australia, China and - and serviced suites with some under development in Asia, Oceania and North America un- der two brand names Pan Pa- Parkroyal pifumyltajcpdkuf Group (PPHG) onf jrefrmEdkifiH NrdKUawmf aejynfawmfwGif yxrOD;qHk; tjynfjynfqdkif&m[dkw,fwpfckudk w&m; 0ifzGifhvSpfcJhaMumif; PPHG rS xkwfjyef aMunmcJhonf/aejynfawmfü zGifhvSpfcJh aom tqdkyg Parkroyal Nay Pyi Taw [dkw,fonf tcef;aygif; 180 &Sdrnf jzpfum ,cktcg tcef;aygif; 90 tm; toHk;jyKEdkifrnfjzpfNyD; ,ckESpfukefwGif tcef;tm;vHk;udk 0efaqmifrIay;Edkif&ef arQmfrSef;xm;aMumif; PPHG rS ajym Mum;cJhonf/,ckuJhodkY aejynfawmfwGif [dkw,fopftm; zGifhvSpfjcif;tm;jzifh Parkroyal twGuf jrefrmEdkifiH t"du NrdKUBuD;ESpfckjzpfaom &efukefESifh aejynf awmfwGif tjynfjynfqdkif&m[dkw,frsm; tm; zGifhvSpfEdkifonfh yxrOD;qHk;[dkw,f vkyfief;wpfckvnf;jzpfvmrnfjzpfonf/ tqdkyg[dkw,fwGif npmpm;&ef pm; aomufqdkif?tvStyxdef;odrf;rIqdkif&m ae&m? udk,fvufvIyf&Sm;tm;upm;½Hk? a&ul;uefESifhawGUqHkaqG;aEG;yGJrsm;jyKvkyf Edkifrnfh tcef;0efaqmifrIrsm;vnf;&Sdrnf [k od&onf/ aejynfawmfonf jrefrmEdkifiHwGifwwd, tBuD;qHk;NrdKUwpfNrdKUjzpfNyD; CNN rS pm&if; jyKpkxm;onfhurÇmhzGHUNzdK;wdk;wufrItjref qHk;NrdKUrsm;pm&if;0ifNrdKUwpfNrdKUvnf;jzpf onf/ jrefrmEdkifiHNrdKUawmfjzpfonfhtm; avsmfpGm aejynfawmfwGif tjynfjynf qdkif&myGJtpDtpOfrsm;udk jyKvkyfoGm;&ef arQmfrSef;xm;&NyD;arvwGifvnf; ASEAN Leadership zdk&rfudk jyKvkyfoGm;rnfjzpf aMumif; od&onf/ vGefcJhaom 12 ESpfausmfu wnf axmifzGifhvSpfcJhonfh Parkroyal Yangon onf ,ckESpfwGif jyefvnfjyifqifrGrf;rH um tqifhjr§ifhwifrIrsm;jyKvkyfaeaMumif; vnf; od&onf/ AverageBillionaireNowOwnsFour Aye Myat T he average bil- lionaire owns four homes, with each - most having one in a lead- ing city and also a dream weekend of holiday home, Contrary to urban myth that billionaires live in James Bond style prop- erties, most choose large traditional family homes, typically six bedroom city mansion, the survey from Beauchamp Estates have seven to 12 bedroom holiday home or four bed- room plus huge apart- ment or penthouse in a city such as London, and tend to avoid bachelor Amongst Western Eu- rope’s capital cities, Lon- don is the favourite bil- lionaire property hotspot in the city, ahead of Paris The Ultra Prime Barom- eter survey reveals that a billionaire will spend a London property, with their typical home in the capital being either a mansion in the platinum triangle formed by May- fair, Knightsbridge and Belgravia, or a palatial residence in the St Johns
  • 24. April 10-16, 2014 Myanmar Business Today 24PROPERTY & REAL ESTATE Myanmar Summary IFC Taps Myanmar Hotel Infrastructure with $80m Loan Eyes business-enabling infrastructure, tourism boost Wai Linn Kyaw I nternational Finance Cor- poration (IFC), the private sector lending arm of the World Bank Group, will give Hong Kong-based hotel owner and operator Shangri-La Asia Ltd to expand the latter’s hospi- The Washington-based lender said the loan will “improve the country’s business and travel infrastructure” by providing international-standard rooms and conference facilities, boost- ing Myanmar’s tourism sector, contributing to its economic IFC’s investment will be used to complete the renovation at the Traders Hotel Yangon, majority-owned by Shangri-La, and also increase its capacity IFC’s investment will also be used to complete construction of the Shangri-La Residences Both projects are expected expected to meet the acute de- mand for hotel rooms and ser- viced apartments from business travellers and expatriate work- International arrivals in My- anmar have increased by about economy opened, surpassing “This investment continues our relationship with IFC to- wards developing the hospital- ity industry in a challenging country environment in South- east Asia,” said Madhu Rao, - owned by Kerry Group Ltd, a conglomerate based in Hong Kong that is controlled by Ma- “The projects’ key locations in the central business area of the country’s most populated city Yangon, along with Shangri- La’s quality, will set a bench- mark and raise the quality of IFC said it will work closely with Shangri-La to ensure that international environmental, health, and safety standards are The lender said the renova- tion and construction projects are providing jobs for more whom about one-third are ex- pected to be women – have been hired and trained in hospitality “At a time of growing econom- ic interest in Myanmar, it is cru- cial to increase access to much needed business-enabling in- frastructure to attract more in- vestors and travellers, as well as helping place Myanmar on a par with other commercial hubs in the region,” said Vipul Prakash, IFC Director for Manufactur- ing, Agribusiness and Services, “The operation of internation- al standard hotels and serviced apartments will help generate jobs and provide supply chain linkages to local farmers and suppliers, thus boosting the tourism sector and contributing Since the lapse of sanctions, urÇmhbPftzGJUtpnf;BuD; tzGJU0if jzpfaom IFC onf Shangri-La Asia Limited vkyfief;cGJrsm;tm; acs;aiG tar&duefa':vm 80 oef; tultnDay;xm;NyD; jrefrmEdkifiHwGif [dkw,fc&D;oGm;vkyfief;rsm;tm; wdk;wuf vmap&eftwGufjzpfaMumif; od&onf/ tqdkygacs;aiGaMumifh jrefrmEdkifiH [dkw,fESifhc&D;oGm;tajccHtaqmufttHk u@wGiftjynfjynfqdkif&mtqifhtwef;rD tcef;rsm;tm; axmufyHhay;vmEdkifrnf jzpfonfhtwGuf jrefrmEdkifiHc&D;oGm; vkyfief;twGuf tvGefaumif;rGefaom tcGifhtvrf;aumif;wpf&yfyifjzpfonf/ xdkYjyif u@tvdkuf zGHUNzdK;wdk;wufrI? a&&SnfwnfwHhhrIESifh tvkyftudkiftcGifh tvrf;aumif;rsm;vnf;ay:xGufvmEdkif rnfyifjzpfonf/ IFC &if;ESD;jr§KyfESHrI rsm;wGif &efukefNrdKU&Sd ukefonfBuD;rsm; [dkw,ftm; jyefvnfjyifqifrGrf;rHrIudk NyD;pD;&eftwGuftoHk;jyKoGm;rnfjzpfovdk tcef;rsm;udkvnf; 270 rS 485 cef;txd wdk;csJUoGm;rnfjzpfaMumif; od&onf/ Shangri-La onf ukefonfBuD;rsm; [dkw,ft"duydkifqdkifoljzpfNyD; IFC &if;ESD;jr§KyfESHrIudkvnf; &efukef&Sd Shangri- La Residences wnfaqmufrINyD;pD;&ef twGuf toHk;jyKoGm;rnfjzpfaMumif; od& onf/ SoeZeyaTun/Reuters IFC, together with the World Bank, has been extensively in- volved in reforms and invest- IFC’s investments climbed to Regents Park, the typi- cal ultra prime mansion - feet in size and averages The average London ul- tra prime residence has six bedroom suites, four percent have an outside - percent a private cinema Amongst the European beachfront, island and rural estate holiday loca- tions, the French Riviera is the top property hot- spot for billionaires with homes in the region, with other popular locations including Tel Aviv in Is- rael with 17, Tuscany with 14, and Greece and the Greek islands with nine The typical French Rivi- era ultra prime home is a modern refurbished villa with sea view valued at has six to seven bedroom suites, four reception percent a private gymna- sium and 7 percent a wine The property is typically The average Riviera ultra prime home has a value although values of up to have been recorded in the the fact that some trophy locations along the Rivi- era can be as expensive as In Tuscany billionaires get a lot more land and property for their money with the typical Tuscany ultra prime home costing - ing 74 hectares of land, a main rooms and a private swimming pool, vineyard Where these types of Tuscan estate are pur- have undergone substan- tial restoration and mod- ernisation to turn them into a billionaire’s pad, with state of the art com- munications and security bDvsHemwpfOD;onf ysrf;rQ tdrf av;vHk;ydkifqdkifNyD; tdrfwpfvHk; csif;pDwefzdk;rSm pwmvifaygif 12 'or 5 oef; (tar&d uefa':vm 20 'or 7 oef;) txd wefzdk;&SdaMumif; od&um bDvsHemtrsm;pkrSm xdyfwef;NrdKU BuD;wpfckwGif tdrfwpfvHk;0,f,l avh&SdNyD; tm;vyf&ufrsm;wGif tem;,ltyef;ajz&eftdrfudkvnf; ydkifqdkifxm;avh&SdaMumif; okaw oerSwfwrf;opfwpfckt& od& onf/ bDvsHemrsm;rSm *sdrf;(pf)bGef; pwdkifjzifhtdrfNcHajrrsm;udk 0,f,l aexdkifavh&Sdum trsm;pkrSm BuD;rm;aom½dk;&mtpOftvmyHkpH &Sdonfh rdom;pktdrfrsm;udk a&G;cs,f avh&SdMuNyD; yHkpHtm;jzifh tdrfcef; ajcmufcef;txd yg0ifaom tdrf a*[mBuD;rsm;jzpfaMumif; Beauchamp Estates rS okaw oeppfwrf;t& od&onf/ bDvsHem 75 &mcdkifEIef;rSm tm;vyf&yftyef;ajz&mtdrfwGif tdyfcef; 7 cef;rS 12 cef;txd &SdaeNyD; vef'efuJhodkY NrdKUBuD;rsm; wGifvnf; tdyfcef; 4 cef;ESifh tcef;us,fBuD;rsm;udkvnf;ydkif qdkifxm;aMumif;od&onf/ Myanmar Summary RandolphHarrison/NYTimes
  • 25. April 10-16, 2014 Myanmar Business Today AUTOMOBILE 25 Myanmar Summary Myanmar Summary Mitsubishi Motors Buys Ford Plant in Philippines in SE Asia Growth Push Pann Nu J apan’s Mitsubishi Motors Corp said it has bought the site of a former auto plant in the Philippines from Ford - - cent sales boost in fast-growing Mitsubishi Motors, the sec- ond-biggest automaker in the Philippines by sales volume af- IsseiKato/Reuters ter Toyota Motor Corp, said it will centre its Philippines pro- duction at the plant in Laguna will have an annual capacity of - As part of the strategy, the auto maker will close and sell its ageing existing Philippines plant in Rizal, spokeswoman - shi Motors declined to say how much it paid to buy the Laguna plant, where Ford made sports utility vehicles until December The move by Mitsubishi Mo- tors, maker of Triton pickup trucks and Outlander SUVs, adds to growing competition among global car makers in the populous Southeast Asia re- gion, dominated by Toyota and “We are planning to prepare for future growth in the Phil- ippines, whose auto market is likely to continue grow sustain- ably,” the company said in a For second-tier car makers like Mitsubishi Motors and Suzuki Motor Corp, Southeast as they seek to compensate for shrinking sales in their ageing now accounts for a quarter of Mitsubishi Motors’ global vehi- Mitsubishi Motors has a plan to expand regional sales by 44 percent over three years to end- it currently makes vehicles in- cluding the Lancer EX sedan Non-Japanese car makers are also seeking to build up their set up distribution channels in Philippines, while General Mo- In Thailand, MMC has invested - test course outside Japan –part of its business plan “New Stage Nhongkham Amphur, Chonburi, - Mitsubishi Motors Philippines Corporation (MMPC) onf Laguna jynfe,fwGifwnf&Sdonfh Ford Motor Company Philippines rS puf½Hkae&m wpfckudk 0,f,lcJhaMumif; od&onf/ tqdkygae&modkY tajcpdkuf½Hk;ESifhpuf½Hk tm; a&TUajymif;rnfjzpfum 2015 ckESpf Zefe0g&DvwGif xkwfvkyfrIrsm;udk jyKvkyf oGm;zG,f&Sdaeonf/xdkuJhodkY xkwfvkyfrI pGrf;tm;udk ydkrdkcdkifrmvmaprIonf Mitsubishi Motors Corporation (MMC) aemufxyftv,ftvwf umvpD;yGm;a&;tpDtpOfjzpfaom NewStage2016 tpdwftydkif;wpf &yfjzpfaMumif;vnf; od&onf/ Lancer EX ? Adventure compact MPV ESifh L300 armfawmfum;trsKd; tpm;wdkYYudk zdvpfydkifEdkifiHwGif xkwfvkyf cJhjcif;jzpfNyD; vGefcJhonfhESpfwGif Mitsubishi onf 20 'or 5 &mcdkifEIef; aps;uGuf &S,f,m&&SdcJhaMumif; od&um armfawmf um;tpD;a&aygif; 42360 pD;a&mif;cscJh &onf/xdkYtjyif xdkif;EdkifiHwGifvnf; bwfaiG 500 rDvD,Hausmf (&if;*pf 50 'or 3 rDvD,H) tm; &if;ESD;jr§KyfESHxm; aMumif; od&onf/ OnlineCarMarketRevsupTechRace MBT Phyu Thit Lwin O nline car marketplace MyanmarCarsMarket has upgraded its por- tal to utilise state-of-the-art technologies in a bid to grab a bigger share of the burgeoning auto market pie in Myanmar, As Myanmar opens up to the rest of the world, the way busi- nesses and consumers interact with each other is expected to change dramatically, especially with the rapid introduction of new telecommunications, mo- The site will now use technol- ogy that comprise multi-tier ar- chitecture, agile methodologies and a well-designed universal relational SQL database, which will be able to “support mil- lions of users, customers and hundreds of thousands of on- line advertisements nationally, across multiple languages,” the “With the introduction of the new Telcos – Telenor and Oore- doo combined with our two ma- jor local operators MPT and Yadanarpon, the business land- scape is going to go ballistic like it already has in other emerging countries around the world,” said Hein Thet Khin Zaw, own- er of local company myOpen- ware, which has developed the “We’ve already seen a sig- and advertising volume in the last year, and we want to be at the forefront of this growth by investing in our systems, tech- nology and supporting our cus- tomers with continued free car He said myOpenware intends to release a number of new high tech products and services to support its vision “to be the number online advertising play- er in the country” in the coming years, including multiple device support as well as online trans- The company stated it has had numerous IT professionals working on its new websites in the last 12 months in order to It said it is currently recruit- ing senior sales and marketing personnel, and plans to look at actively partnering and working with key players in their mar- kets to support growth, includ- ing hoping to attract new inves- tors to share their vision and “This is the time for growth and investment in our systems, we’re grateful to all our custom- ers on MyanmarCarsMarket and MyanmarJobsMarket and to Myanmar for opening up the tech race in our country,” Khin jrefrmEdkifiHonf wHcg;zGifh0g'usifhoHk;cJh NyD;aemufydkif; tjcm;urÇmhEdkifiHrsm;ESifh qufEG,frI&SdvmouJhodkY pD;yGm;a&;vkyf ief;rsm;ESifh pm;oHk;ola&;&mtjyeftvSef qufEG,frIrsm;rSmvnf; ajymif;vJvmcJh onf/txl;ojzifh qufoG,fa&;enf; ynmopfrsm;? rdkbdkif;zkef;rsm;ESifhtifwm euf0efaqmifrIrsm;aMumifh xdkuJhodkY ajymif;vJvmjcif;jzpfonf/ www. tm; jynf wGif;pGefYOD;wDxGifvkyfief;&SifwpfOD;rSydkif qdkifum vkyfief;aqmif&Gufaeonfh jrefrm EdkifiHtajcpdkuf myOpenware ukrÜPD rS taumiftxnfazmfaqmif&GufcJhjcif; jzpfonf/tqdkyg0ufbfqdkufwGif urÇmh aps;uGufwGif aemufqHk;ay:tqifhjrifh enf;ynmrsm;ESifhywfoufonfhowif; tcsuftvufrsm;udkvnf; od&SdEdkifovdk ukrÜPDtaejzifh owif;tcsuftvuf enf;ynmuRrf;usifynm&Sifrsm;ESifhtwl 0ufbfqdkuftopfrsm;tm; xlaxmif&ef twGuf vGefcJhaom 12 vuwnf;u BudK;yrf;aqmif&Gufaeonf/ EdkifiHjcm; atmfya&wmBuD;rsm;jzpfaom Telenor ? Ooredoo wdkYtjyif jynfwGif;rS jrefrmh qufoG,fa&;ESifh&wemyHkw,fvDydkYwdkYuJh odkYvkyfief;BuD;rsm;rS qufoG,fa&;u@ wGif aqmif&GufrI&SdaeonfhtwGuf tjcm; zGHUNzdK;qJEdkifiHrsm;uJhodkYyif pD;yGm;a&;cGif wpfckjzpfvmaMumif;?vGefcJhonfhhESpftwGif; toHk;jyKolESifh aMumfjimrsm;wdk;wufvm aMumif;? rdrdwdkYpepfrsm; enf;ynmrsm; tm; &if;ESD;jr§KyfESHjcif;jzifh rdrdwdkYtaejzifh ,ckzGHUNzdK;wdk;wufrIudk qufvufjzpfwnf vdkaMumif;? rdrdwdkYazmufonfrsm;tm; tcrJhum; aMumfjim0efaqmifrIrsm;jzifh axmufyHhay;&efjzpfaMumif; jynfwGif;pGefYOD; wDxGifvkyfief;&Sifjzpfaom [def;oufcif aZmfu ajymMum;cJhaMumif; od&onf/
  • 26. April 10-16, 2014 Myanmar Business Today 26 INTERNATIONALANDDOMESTICFLIGHTSCHEDULE Fligghhtss ffroom Yanggon (RGNN) to Bangkok ((BKK) Fligghhtss ffroom Banggkok (BKKK) to Yaangon (RGN) Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by: PG 706 1 2 3 4 5 6 7 RGN BKK 7:15 9:30 Bangkok Airways DD4230 1 2 3 4 5 6 7 DMK RGN 06:30 07:55 NOK Airlines DD4231 1 2 3 4 5 6 7 RGN DMK 8:00 9:45 NOK Airlines 8M336 1 2 3 4 5 6 7 BKK RGN 6:40 7:25 MAI FD2752 1 2 3 4 5 6 7 RGN DMK 8:30 10:15 Thai AirAsia FD2751 1 2 3 4 5 6 7 DMK RGN 7:15 8:00 Thai AirAsia 8M335 1 2 3 4 5 6 7 RGN BKK 8:40 10:25 MAI TG303 1 2 3 4 5 6 7 BKK RGN 8:00 8:45 Thai Airways TG304 1 2 3 4 5 6 7 RGN BKK 9:50 11:45 Thai Airways PG701 1 2 3 4 5 6 7 BKK RGN 8:50 9:40 Bangkok Airways PG702 1 2 3 4 5 6 7 RGN BKK 10:45 12:40 Bangkok Airways FD2755 1 2 3 4 5 6 7 DMK RGN 11:35 12:20 Thai AirAsia Y5-237 1 2 3 4 5 6 7 RGN BKK 18:05 19:50 Golden Myanmar Airlines PG707 1 2 3 4 5 6 7 BKK RGN 13:40 14:30 Bangkok Airways TG302 1 2 3 4 5 6 7 RGN BKK 14:45 16:40 Thai Airways Y5-238 1 2 3 4 5 6 7 BKK RGN 21:10 21:55 Golden Myanmar Airlines PG703 1 2 3 4 5 6 7 RGN BKK 15:20 17:15 Bangkok Airways FD2753 1 2 3 4 5 6 7 DMK RGN 16:35 17:20 Thai AirAsia 8M331 1 2 3 4 5 6 7 RGN BKK 16:30 18:15 MAI PG703 1 2 3 4 5 6 7 BKK RGN 16:45 17:35 Bangkok Airways FD2754 1 2 3 4 5 6 7 RGN DMK 17:50 19:35 Thai AirAsia TG305 1 2 3 4 5 6 7 BKK RGN 17:55 18:40 Thai Airways PG704 1 2 3 4 5 6 7 RGN BKK 18:25 20:20 Bangkok Airways DD4238 1 2 3 4 5 6 7 BKK RGN 19:30 20:15 NOK Airlines TG306 1 2 3 4 5 6 7 RGN BKK 19:40 21:35 Thai Airways 8M332 1 2 3 4 5 6 7 BKK RGN 19:20 20:05 MAI DD4239 1 2 3 4 5 6 7 RGN DMK 21:00 22:45 NOK Airlines PG705 1 2 3 4 5 6 7 BKK RGN 20:00 21:15 Bangkok Airways FFligghhtss ffroomm Yangoon (RGN)) to Chiaang Maii (CNX) FFligghhtss ffroomm Chiangg Mai (CCNX) to YYangon (RGN) W9-9607 4 7 RGN CNX 14:50 16:20 Air Bagan W9-9608 4 7 CNX RGN 17:20 17:50 Air Bagan Flligghtss ffroom Yanggon (RGNN) to Sinngapore (SIN) Flligghtss ffroom Singaapore (SIN) to Yangon ((RGN) Y5-233 1 2 3 4 5 6 7 RGN SIN 10:10 14:40 Golden Myanmar Airlines Y5-234 1 2 3 4 5 6 7 SIN RGN 15:35 17:05 Golden Myanmar Airlines MI509 1 6 RGN SIN 0:25 5;00 SilkAir SQ998 1 2 3 4 5 6 7 SIN RGN 7:55 9:20 Singapore Airline 8M231 1 2 3 4 5 6 7 RGN SIN 8:30 13:00 MAI 8M6231/3K585 1 3 4 5 6 SIN RGN 9:10 10:40 Jetstar Asia SQ997 1 2 3 4 5 6 7 RGN SIN 10:25 14:45 Singapore Airline 8M232 1 2 3 4 5 6 7 SIN RGN 14:10 15:40 MAI 8M6232/3K586 1 3 4 5 6 RGN SIN 11:30 16:05 Jetstar Asia MI518 1 2 3 4 5 6 7 SIN RGN 14:20 15:45 SilkAir 8M233 5 6 7 RGN SIN 13:45 18:15 MAI 8M235 5 6 7 SIN RGN 19:15 20:45 MAI TR2827 1 6 7 RGN SIN 15:10 19:35 TigerAir TR2826 1 6 7 SIN RGN 13:00 14:30 TigerAir TR2827 2 3 4 5 RGN SIN 17:10 21:35 TigerAir TR2826 2 3 4 5 SIN RGN 15:00 16:30 TigerAir MI517 1 2 3 4 5 6 7 RGN SIN 16:40 21:15 SilkAir MI520 5 7 SIN RGN 22:10 23:35 SilkAir FFliightts frromm Yangonn (RGN) tto Kualaa Lumpuur (KUL) Fligghtts frroomm Kuala LLumpur (KUL)too Yangonn (RGN) AK1427 1 2 3 4 5 6 7 RGN KUL 8:30 12:50 AirAsia AK1426 1 2 3 4 5 6 7 KUL RGN 6:55 8:00 AirAsia 8M501 1 2 3 4 5 6 7 RGN KUL 8:55 12:55 MAI MH740 1 2 3 4 5 6 7 KUL RGN 10:05 11:15 Malaysia Airlines MH741 1 2 3 4 5 6 7 RGN KUL 12:15 16:30 Malaysia Airlines 8M502 1 2 3 4 5 6 7 KUL RGN 14:00 15:00 MAI Fligghtts frrom Yanngon (RGGN) to HHanoi (HHAN) Fligghtts frrom Hannoi (HANN) to Yanngon (RRGN) VN956 1 3 5 6 7 RGN HAN 19:10 21:30 Vietnam Airlines VN957 1 3 5 6 7 HAN RGN 16:35 18:10 Vietnam Airlines Flligghhtss ffroomm Yangon (RGN) to Ho CChi Minhh (SGN) Flligghhtss ffroomm Ho Chii Minh (SSGN) to Yangonn (RGN) VN942 2 4 7 RGN SGN 14:25 17:10 Vietnam Airlines VN943 2 4 7 SGN RGN 11:40 13:25 Vietnam Airlines Flligghtss ffrom Yanngon (RGGN) to TTaipei (TTPE) Flligghtss ffrom Taipei (TPEE) to Yanngon (RGN) CI7916 1 2 3 4 5 6 RGN TPE 10:50 16:10 China Airline CI7915 1 2 3 4 5 6 7 TPE RGN 7:15 10:05 China Airline BR288 2 5 6 RGN TPE 11:35 17:20 EVA Air BR287 2 5 6 TPE RGN 7:30 10:35 EVA Air Flligghhtss ffroom Yanggon (RGNN) to Kunming(KMG) Flligghhtss ffroom Kunmming(KMMG) to Yangon ((RGN) CA906 2 3 4 6 7 RGN KMG 14:15 17:35 Air China CA905 2 3 4 6 7 KMG RGN 12:40 13:15 Air China MU2032 1 2 3 4 5 6 7 RGN KMG 14:40 17:55 China Eastern MU2031 1 2 3 4 5 6 7 KMG RGN 13:30 14:00 China Eastern MU2012 3 6 RGN KMG 12:20 18:10 China Eastern (via NNG) MU2011 3 6 KMG RGN 8:25 11:30 China Eastern (via NNG) Flligghtss from Yanngon (RGGN) to BBeijing (BJS) Flligghtss from Beijjing (BJSS) to Yanngon (RRGN) CA906 2 3 4 6 7 RGN BJS 14:15 21:55 Air China (via KMG) CA905 2 3 4 6 7 BJS RGN 8:05 13:15 Air China (via KMG) Fligghhtss ffroom Yanggon (RGNN) to Naanning (NNG) Fligghhtss ffroom Nannning (NNNG) to Yaangon ((RGN) Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by: MU2012 3 6 RGN NNG 12:20 16:25 China Eastern MU2011 3 6 NNG RGN 10:15 11:30 China Eastern FFligghhtss ffroomm Yangoon (RGN)) to Honng Kong (HKG) HHonngg KKoong (HKG) Flights from Yaangon ((RGN) KA251 1 2 4 6 RGN HKG 1:10 5:35 Dragon Air KA250 1 3 5 7 HKG RGN 21:50 23:45 Dragon Air *PPleaasee noote thee dday change for the deparrture time too Hong Kongg. Flligghhtss ffroomm Yangon (RGN) to Guanng Zhouu (CAN) Flligghhtss ffroomm Guang Zhou (CCAN) to Yangonn (RGN) 8M711 2 4 7 RGN CAN 8:40 13:15 MAI CZ3055 3 6 CAN RGN 8:40 10:30 China Southern Airlines CZ3056 3 6 RGN CAN 11:20 15:50 China Southern Airline 8M712 2 4 7 CAN RGN 14:15 15:45 MAI CZ3056 1 5 RGN CAN 17:40 22:15 China Southern Airline CZ3055 1 5 CAN RGN 14:45 16:35 China Southern Airlines FFlighhts ffroom Yanggon (RGN) to Koolkata (CCCU) FFlighhts ffroom Kolkkata (CCUU) to Yaangon (RRGN) Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by: AI228 5 RGN CCU 18:45 19:45 Air India AI227 1 5 CCU RGN 10:35 13:20 Air India AI234 1 5 RGN CCU 13:40 16:55 Air India (via GAY) AI233 5 CCU RGN 13:30 18:00 Air India (via GAY) Fligghhtss ffrom Yanngon (RGGN) to GGaya (GAAY) Fligghhtss ffrom Gayya (GAY) to Yanngon (RGGN) 8M 601 1 3 5 6 RGN GAY 10:30 11:50 MAI 8M 602 1 3 5 6 GAY RGN 12:50 16:00 MAI AI234 1 5 RGN GAY 13:40 15:00 Air India AI233 5 GAY RGN 15:00 18:00 Air India Fligghtts frrom Yanngon (RGGN) to TTokyo (NNRT) FFliightts frrom Tokkyo (NRTT) to Yaangon (RRGN) NH914 1 3 6 RGN NRT 22:00 06:40+1 ALL NIPPON Airways NH913 1 3 6 NRT RGN 11:10 17:05 ALL NIPPON Airways FFligghhtss ffrom Yanngon (RGGN) to SSeoul (ICCN) FFligghhtss ffrom Seooul (ICN)) to Yanngon (RGGN) KE472 1 3 5 7 RGN ICN 0:05 8:00 Korean Air KE471 1 2 3 4 5 6 7 ICN RGN 18:40 22:55 Korean Air OZ7463 4 7 RGN ICN 0:50 8:50 Asiana OZ4753 3 6 ICN RGN 19:30 23:40 Asiana Flligghtss ffrom Yanngon (RGGN) to DDoha (DOOH) Flightts frrom Dohha (DOH) to Yangon (RRGN) QR619 1 2 3 4 5 6 7 RGN DOH 8:00 11:45 Qatar Airways QR618 1 2 3 4 5 6 7 DOH RGN 21:05 06:29+1 Qatar Airways Flligghhtss ffroomm Yangon (RGN) to Nay Pyi Taww (NYT) Flligghhtss ffroomm Nay Pyyi Taw (NNYT) to Yangonn (RGN) Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by: FMI-A1 1 2 3 4 5 RGN NYT 7:30 8:30 FMI Air Charter FMI-A2 1 2 3 4 5 NYT RGN 8:50 9:50 FMI Air Charter FMI-B1 1 2 3 4 5 RGN NYT 11:30 12:30 FMI Air Charter FMI-B2 1 2 3 4 5 NYT RGN 13:00 14:00 FMI Air Charter FMI-C1 1 2 3 4 5 RGN NYT 16:30 17:30 FMI Air Charter FMI-C2 1 2 3 4 5 NYT RGN 18:00 19:00 FMI Air Charter FMI-A1 6 RGN NYT 8:00 9:00 FMI Air Charter FMI-A2 6 NYT RGN 10:00 11:00 FMI Air Charter FMI-A1 7 RGN NYT 15:30 16:30 FMI Air Charter FMI-A2 7 NYT RGN 17:00 18:00 FMI Air Charter FFliightts frrom Yangoon (RGN) to Manndalay ((MDY) FFliightts frrom Manddalay (MDDY) to YYangon (RGN) Y5-234 1 2 3 4 5 6 7 RGN MDY 6:15 7:30 Golden Myanmar Airlines Y5-233 1 2 3 4 5 6 7 MDY RGN 8:10 9:25 Golden Myanmar Airlines YH 909 2 4 6 7 RGN MDY 6:30 8:10 Yangon Airways YH 910 1 3 MDY RGN 7:40 10:30 Yangon Airways YH 917 1 2 3 4 5 6 7 RGN MDY 6:10 8:30 Yangon Airways YH 918 1 2 3 4 6 7 MDY RGN 8:30 10:25 Yangon Airways YH 727 1 5 RGN MDY 11:15 13:25 Yangon Airways YH 728 1 5 MDY RGN 9:10 11:05 Yangon Airways YH 731 1 2 3 4 5 6 7 RGN MDY 15:00 17:10 Yangon Airways YH 732 1 2 3 4 5 6 MDY RGN 17:10 19:15 Yangon Airways W9 501 1 2 3 4 RGN MDY 6:00 7:25 Air Bagan W9 502 1 2 3 4 MDY RGN 16:10 18:15 Air Bagan K7 222 1 2 3 4 5 6 7 RGN MDY 6:30 8:40 Air KBZ K7 223 1 2 3 4 5 6 7 MDY RGN 9:00 11:05 Air KBZ YJ 201 1 2 3 4 5 6 7 RGN MDY 11:30 12:55 Asian Wings YJ 202 1 2 3 4 5 6 7 MDY RGN 16:00 17:25 Asian Wings Days - (1) Monday (2) TTueesdaay (33) WWeddnessdaay (4) Thursdayy (5) Friday (6) SSaturday (7) Suunday Days - (1) Monday (2) TTueesdaay (33) WWeddnessdaay (4) Thursdayy (5) Friday (6) SSaturday (7) Suunday
  • 27. April 10-16, 2014 Myanmar Business Today IT & TELECOM 27 Myanmar Summary Contd. P 28... Contd. P 28... Myanmar’s Mobile Phone Revolution It is one of the world’s least connected nations. But all that is about to change … Michael Peel A s elections approach, providing a mobile phone network would boost the government’s popu- larity Even the white cattle are fad- ing from view in the gathering dusk of this riverside Myanmar village, the tiny lamps hanging from the traditional wooden stilt houses the only defence Soon the noises of quiet conver- sation and religious devotion the sensory gap the darkness leaves in Mwe Pon Kan – mak- ing this rural idyll ripe, in the newly opening Myanmar, for a “This is the market we need to serve,” says Petter Furberg, country chief executive for Nor- wegian telecoms company Tel- enor, who is visiting this com- munity in the country’s central is no electricity here, no road – He exaggerates slightly – you can get a jumpy signal on the old state MPT mobile system if you hang out by the river bank – but his remarks are true its rival Ooredoo of Qatar to be network in Myanmar later this country shuttered by decades of insular dictatorship – and still with a mobile penetration - cent, three years after the junta It’s a story not just of frontier capitalism in one of the world’s least connected nations but of Myanmar’s direction as it ap- proaches landmark elections over the military’s decision to loosen its grip and hand power to a quasi-civilian administra- tion led by a former general, Thein Sein, has given way to a more realistic assessment of how much change is still need- ed and how far the country has For the new rulers of the state still known to many as Burma, a mobilephone network is pre- cious because it’s a rare way to make a demonstrable change to “Whether you talk to taxi driv- ers or schoolteachers, there’s a big demand,” says Chris Ban- nister, Ooredoo’s Myanmar met people who have paid be- Telenor’s Furberg has agreed hours as the company begins its drive to start operations within - January – and then push to- wards a sizeable long-term tar- - gins amid a cluster of late-night tea- and beer-houses on the outskirts of Yangon, the depar- ture point for the overnight bus that has replaced the intercity river steamer immortalised in Evocative if uncomfortable vi- sions of piling on slatted wood- en seats among market-sellers and chickens are dispelled by service we’re booked on, where strawberries and there’s Harry chill of Myanmar’s former royal at a roadside restaurant, Furb- erg and four other Telenor man- jackets bearing the company’s tri-bladed propeller logo – out- line the task facing the business as it expands into its sixth Asian - anmar’s population – although nobody knows how many peo- ple that is, as the government potential distributors who will be Telenor’s crucial link to an - wide points of sale for phone a former Norwegian bureaucrat wants people with an entrepre- neurial spirit and without links to the corrupt business net- works that are a constant head- ache for multinationals and pri- vate investors trying to suss out old who has studied in Sin- gapore, he says he wants to branch out a family business based on distributing Coca-Cola and other soft drinks and hard ends with a demand ringing in his ears: “Every shop should know Telenor – and every shop After a meeting with a second distributor candidate, who runs a beans factory and internet at possible sites for some of the company will need to build or share with its rivals nation- - tive about my questions on how much they pay for land rent and how they establish true owner- ship of property, which is a huge problem in Myanmar because of its history of seizures by the former junta with no or mini- sites is a makeshift warehouse for imported Chinese thermos Molyan, has one big question apart from the rental terms: “When do we get SIM cards?” On the way from the meet- ing, Furberg talks about the ob- stacles that face international problems are predictable, such as the chronic electricity short- ages that mean Telenor will need back-up generators capa- ble of running its computer sys- tem “for two to three days, not plan for: Furberg says he simply doesn’t know how far Telenor will be able to go into the vari- ethnically rooted militias and a government still seeking the jrefrmEdkifiHtaejzifh EdkifiHa&; pD;yGm;a&; jyKjyifajymif;vJrIrsm;udk taumiftxnf azmfaqmif&GufcJhum u@toD;oD;wGif vnf; jyKjyifajymif;vJrIrsm;udk aqmif&Guf cJhonf/xdkjyKjyifajymif;vJrIrsm;wGif quf oG,fa&;u@rSmvnf; odomxif&Sm; aom tajymif;tvJwpf&yftjzpf awGU jrifae&NyDjzpfonf/rMumrDtcsdeftwGif; a&G;aumufyGJudk jyKvkyfusif;yawmhrnfjzpf um rdkbdkif;zkef;uGef&ufrsm;tm; axmufyHh vkyfaqmifjcif;taejzifh tpdk;&tay: trsm;jynfolrsm;rS oabmusESpfBudKuf rIudk wdk;wufvmapvdrfhrnfjzpfonf/ jrefrmEdkifiHtaejzifh pD;yGm;a&;tvm;tvm aumif;rsm;&Sd&m ta&SUawmiftm&StzGJU 0ifEdkifiHwpfEdkifiHjzpfaomfvnf; umv &SnfMumpGm pD;yGm;a&;wHcg;ydwfvkyfaqmif rIrsm;ESifh urÇmhEdkifiHrsm;ESifh tquftoG,f jywfawmufvsuf oD;jcm;&yfwnfcJh&rI wdkYaMumifh vdktyfcsufrsm;pGm &Sdaeao; onf/ EdkifiH aus;vufa'orsm;wGif vQyfppf"mwftm;udk vufvSrf;rrDEdkifMu ao;ovdk qufoG,fa&;wGifvnf; rsm;pGm vdktyfaeao;onf/aemfa0;EdkifiHquf oG,fa&;ukrÜPDBuD;jzpfaom Telenor trIaqmift&m&SdcsKyfwpfOD;jzpfol Petter Furberg u xdkvdktyfcsufrsm;rSm rdrd wdkY aqmif&GufoGm;&rnfh aps;uGufyifjzpf aMumif; ajymMum;cJhonf/ vGefcJhonfhESpfZGefvwGif qufoG,fa&; vdkifpifrsm;udk aemfa0;EdkifiH Telenor ESifh umwmEdkifiH Ooredoo wdkYtm; csay;cJhNyD; ,ckESpftwGif; qufoG,fa&; uGef&ufrsm;udk xlaxmifoGm;&eftwGuf tNydKif BudK;yrf;oGm;&vnf;jzpfonf/ jrefrmEdkifiHwGif ppftpdk;&tkyfcsKyfrItNyD; oHk;ESpftMumwGif rdkbdkif;zkef;toHk;jyKrIEIef; rSm vlOD;a& 10 &mcdkifEIef;eD;yg;om&Sd ao;onfhtwGufqufoG,fa&;u@tm; zGHUNzdK;wdk;wufvmap&eftwGuf rsm;pGm BudK;yrf;oGm;&OD;rnfvnf;jzpfonf/jrefrm EdkifiHonf urÇmay:wGif qufoG,fa&; u@ü tm;tenf;qHk;EdkifiHwpfEdkifiHjzpf NyD; vmrnfhESpfwGif a&G;aumufyGJwpf&yf udkvnf; jyKvkyfoGm;rnfjzpfonfhtwGuf qufoG,fa&;u@wdk;wufrIrSm tpdk;& twGufvnf; rsufESmyef;vSaprnfjzpf onf/ppftkyfcsKyfrItNyD; or®wOD;odef;pdef OD;aqmifaom t&yfom;tpdk;&wuf vmcJhum jyKjyifajymif;vJa&;rsm;aqmif &Guf&eftajctaersm;ESifh vdktyfcsufrsm; udk odjrifoabmaygufvmcJhovdk EdkifiH taejzifh pD;yGm;a&;t& rnfrQaemufus usef&pfcJhonfqdkonfhtcsufaMumifh EdkifiH a&;ESifh pD;yGm;a&;jyKjyifajymif;vJrIrsm;udk tifwdkuftm;wdkufBudK;yrf;cJhonf/wuúpD ,mOfarmif;rsm;tm;jzpfap ausmif;q&m q&mrrsm;tm;jzpfap pum;ajymonfh SoeZeyaTun/Reuters “Whether you talk to taxi drivers or schoolteachers, there’s a big demand. I have met people who have paid between $50 and $300 to get a sim card. That’s unheard of in every competitive market.”
  • 28. April 10-16, 2014 Myanmar Business Today 28IT & TELECOM he’s had encouraging contact with some rebel group repre- sentatives, who are “very po- lite” and “thinking of all kinds of opportunities to do business and engage their people in do- On human rights and surveil- lance, Furberg says Telenor has pushed hard for safeguards against undue government in- - tor’s nightmare is the scenario that faced Vodafone in Egypt President Hosni Mubarak, when it bowed to orders to sus- built in a requirement for the government to obtain a court order before asking a company for data – though whether the courts would resist such a re- Furberg also says Telenor has strict controls in place to pre- vent the kind of corruption al- legations that have embroiled other mobile companies, in- TeliaSonera denied wrongdoing - pany controlled by an ally of the Uzbekistan president’s daugh- ter but the chairman and chief executive still resigned – a re- minder that new markets with weak institutions can be dan- By now we’ve passed from paved highway to gravel road to dirt track, before the sur- face gets so bad that we have convoy wends its way along earthen dykes before stopping by a river, where children step on stones against a backdrop of are loaded on to a ferry punted silently to the monastery-lined farming community where peo- ple can expect to earn between harvest, Mwe Pon Kan was changes that have taken place is National League for Democ- of the compounds spacious - tive death sentence for people bitten by the snakes common villagers hunted them down a few years back and sold them to Only a fraction of Mwe Pon Kan’s households have mobile phones for now, with most re- lying on the telecoms services stores through massive desktop convenient for us to do business if there were more mobile net- works available,” said Khin Mar, a shop owner, who laments that service – four times the new government-set basic mobile call rate – has dwindled to half Before leaving Mwe Pon Kan, school, where the buildings are so crowded that some classes hands over a big bag of exer- cise books bought in a market in Mandalay, a personal cash donation and Telenor-branded key rings and pens, which the pupils wave enthusiastically as - misses the idea that it was inap- propriate to hand out company could have bought pens from the market but it wouldn’t have been as much fun as pens with think you are over-problematis- On his return to Yangon, Furb- erg is due to hold the latest in a series of town meetings to talk about Telenor’s plans – though headmitsthatmanypeoplecome hoping for SIM cards and are a “little bit disappointed we are not cosmopolitan nation, historically at the heart of Asia, to resume wpfck&SdaMumif; Ooredoo tBuD; tuJwpfOD;jzpfol Chris Bannister u ajymMum;cJhNyD; qif;uwfwpfck&&Sd&eftwGuf tar&duefa':vm 50 rS tar&duef a':vm 300 txd ay;cJh&onfholrsm; ESifhvnf; rdrdawGUqHkcJhNyD; tjcm;,SOfNydKif EdkifpGrf;&Sdonfhrnfonfhaps;uGufwGifrqdk xdkaps;EIef;tm; rMum;zl;aMumif; ajym Mum;cJhonf/ feel very strongly that this coun- try deserves something better,” Michael Peel is the FT’s Bang- kok regional correspondent. FT Samsung Electronics’ Mobile Head Paycheck Hits $5.8m, Beating Apple’s Cook Wai Linn Kyaw T he head of Samsung Elec- tronics Co’s mobile busi- ness, JK Shin, received package last year, beating the paycheck of his counterpart at US rival Apple Inc, the South The world’s biggest technol- ogy company by revenue said Shin’s pack included a base sal- incentives and performance bo- By comparison, Apple chief executive Tim Cook received changed from the previous year separate pay related to annual stock grants, while Shin did not Shin, who has led Samsung’s has since overseen the launch that helped it unseat Apple in the smartphone market and also sparked patent litigation the world over that claimed Samsung copied the look and - Samsung’s other co-chief ex- ecutive Kwon Oh-hyun, who leads the component business, third co-CEO Yoon Boo-keun, the head of its consumer elec- - thorities changed regulations late last year, requiring listed companies to include annual compensation details of execu- million won in their business But the measure also drew some criticism as it does not shed much light on pay details of business conglomerates or chaebols, as they frequently as- Samsung didn’t disclose re- muneration details of JY Lee, non-executive vice chairman and son of its chairman Lee Kun-hee, who is also non-exec- utive chairman and receives no Myanmar Summary Samsung Electronics Co rdkbdkif; vkyfief;ydkif;wGif tBuD;tuJjzpfol JK Shin onf vGefcJhonfhESpfwGif vkyfc vpm tar&duefa':vm 5 'or 8oef;&&SdcJhNyD;NydKifbufvkyfief;jzpfaom tar&duefrS Apple Inc rkdbkdif; vkyfief;ydkif;tBuD;tuJjzpfol&&Sdonfh vkyfcvpmxufomvGefcJhNyDjzpfaMumif; awmifudk&D;,m;vkyfief;jzpfonfh Samsung Electronics Co rS ajym Mum;cJhonf/ Apple trIaqmifcsKyf Tim Cook onf2013ckESpfwGiftar&duefa':vm 4'or25 oef;&&SdcJhNyD; 2012 ckESpfwGif tar&duefa':vm4'or17 oef;&&SdcJh onfhtwGuf vkyfcvpm&&SdrIrSm tenf; i,fom ajymif;vJcJhonf/odkYaomfvnf; Cook rSm ESpfpOf pawmh&S,f,m&&Sd Edkifonfhtcsufwpfck&SdaeNyD; Shin rSm tqdkygtcsufr&SdaMumif;vnf;od&onf/ ThomasPeter/Reuters Reuters “This is the market we need to serve. There is no electricity here, no road – and no coverage.”
  • 29. April 10-16, 2014 Myanmar Business Today IT & TELECOM 29 Myanmar Summary Myanmar Summary Myanmar Summary Sony Unveils New Xpreia Smartphones Kyaw Min A lpha Technology & Com- munication, the author- ised distributor of Sony Xperia products and accesso- ries in Myanmar, has unveiled two of Sony’s latest smart- phones and tablets at their Pre- Thingyan Promotional Sales “This campaign is specially catered for the water festival so that customers can take good quality pictures with their fami- lies and friends during the fes- tive season without damaging their phones,” April Lim, coun- try manager of Alpha Technol- Lim said: “Sony’s sleek de- sign, advanced technology and water resistance capabilities will be very attractive to our “To provide our customers with an array of choices, we will - Sony Xperia xkwfukefrsm; toHk; taqmifypönf;rsm;tm; jrefrmEdkifiHwGif w&m;0ifxkwfvkyfjzefYcsdcGifh&&Sdxm;onfh Alpha Technology & Communication onf Sony aemufqHk;xGufprwfzkef; ESifh Tablet ESpfrsKd;tm; oBuFefumv ta&mif;jr§ifhwifa&;tpDtpOftjzpf rdwf qufay;cJhaMumif; ,if;ukrÜPDrS ajym Mum;cJhonf/ ,cktpDtpOftm; oBuFefwGif;umv twGuf txl;&nf&G,fíaqmif&GufcJhjcif; rdom;pkrsm;?oli,fcsif;rsm;ESifhtwl oBuFef umvtwGif; t&nftaoG;aumif;rGef aom"mwfyHkrsm;udk zkef;xdcdkufysufpD;rIr&Sd bJ½dkuf,loGm;EdkifvdrfhrnfjzpfaMumif;Alpha Technology and Communication rS refae*smwpfOD;jzpfonfh April Lim u ajymMum;cJhonf/ Alibaba Invests $692m in Chinese Department Store Operator Elzio Barreto C hina’s Alibaba Group Holding Ltd agreed to Chinese department store op- erator as the e-commerce giant convenience of online shop- ping to customers who visit real Alibaba, whose businesses will come under investor scruti- ny ahead of the group’s planned mega IPO in the United States million worth of shares in Hong Kong-listed Intime Retail million of convertible bonds, percent stake in the department store operator once the bonds are converted into shares in In recent months Alibaba has gone on a shopping spree, to expand into media, chat ser- The expansion has encroached on the turf of social networking giant Tencent Holdings Ltd, which has in turn made inroads into Alibaba’s territory with its The purchases come as Aliba- ba starts its preparations for an the biggest-ever technology list- ing, surpassing Facebook Inc’s - convertible bonds to a unit of Alibaba, the department store Hong Kong stock exchange last As part of the investment, Alibaba and Intime will form a joint venture to develop online- shopping malls, department stores and supermarkets in O2O businesses seek to ben- smartphone use in China and can help turn a search into a shopping trip or meal based on Reuters Myanmar’s“E-Libraries”BringStudents UptoSpeedAfterMilitaryRule AYE MYAT T wo universities in Myan- mar have opened “e-li- braries” containing hun- dreds of thousands of digital books and periodicals in a move to help students catch up with After years of isolation under strict military rule, students at the University of Yangon and University of Mandalay will now have uncensored access to a wide range of learning materi- “Universities had been seen as centres of resistance to mili- tary rule and heavily restricted – Yangon’s university had been one of the most prestigious in South East Asia, but had been caught in a cycle of protests, repression and shutdowns,” “But as part of Myanmar’s re- forms in recent years, univer- sities have been given greater freedoms, and young students have now returned to rejuve- In the current phase, students must access computer termi- nals located in physical librar- - ties plan to expand access to students’ dormitory rooms via their personal laptops in the to enter the once highly regard- ed universities are said to be the “brightest and best” in My- anmar and eager to “learn and The e-libraries were provided - tronic Information for Libraries and The Open Society Founda- w½kwfEdkifiH AlibabaGroupHolding Ltd onf w½kwfEdkifiHpwdk;atmfya& wmwpfckwGif tar&duefa':vm 692 oef; 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  • 30. April 10-16, 2014 Myanmar Business Today SOCIAL SCENES 30 WPGGroupOpensThe BigFryer,FoodTalkand NoodleKinginYangon Guests enjoying the buffet lunch. Nay Chi Studio Team from model FC and other female models. Nay Chi Studio Robert Chua, Singapore Ambassador to Myanmar. Nay Chi Studio Celebrity Melody. Nay Chi Studio Delegates pose for a photo. Nay Chi Studio Actress and model Soe Nandar Kyaw (M). Nay Chi Studio The ribbon cutting. Nay Chi Studio Coca-ColaDebutsMyanmarLanguageInternationalMusicCollaborationandKicks-OffSummerCampaign A Coca-cola representative speaks at the launch. Coca-Cola Myanmar Performers at the show. Coca-Cola Myanmar Performers at the show. Coca-Cola Myanmar Bobby Soxer (L). Coca-Cola Myanmar Sai Sai (L). Coca-Cola Myanmar Launch of the music collaboration. Coca-Cola MyanmarLaunch of the summer campaign. Coca-Cola Myanmar SamsungGalaxyS5Launch Zaw Moe Aung, product marketing manager. Samsung Myanmar Zaw Moe Aung. Samsung Myanmar Zaw Moe Aung. Samsung Myanmar Models with Samsung S5 smart phones. Samsung Myanmar
  • 31. April 10-16, 2014 Myanmar Business Today CLASSIFIEDS 31
  • 32. April 10-16, 2014 Myanmar Business Today 32ENTERTAINMENT China-MyanmarCo-Produced TVSeriestoAirinApril Wai Linn Kyaw A fter years of planning joint TV series venture between China and Myanmar is The new TV drama, The Leg- ends of Music, will start broad- casting in Myanmar on April 14 The Film and TV Program Database of the State Council and local Shwe Than Lwin Me- dia Co Ltd signed an agreement at the Sky Net TV headquarters The story of the drama cen- tres around a Myanmar prince visiting China during the Tang accompa- nied by a troupe of musical per- formers who travelled thousands of kilome- tres to the then Tang dynasty’s capital of It aims to bring to life the fascinating history of the period, and how the southern Silk Road promoted exchange The series was shot in the an- cient city of Bagan, once home to the imperial palace and a The Chinese new generation idol Lin Gengxin and Korean actress Choo Ja Hyun star episodes, there will be action footage, songs and dance as well as natural scenes shot in Myanmar, Chinese state-media Another Chinese TV series “Contradiction of Spouse” in Myanmar language was launched in Sky Net channel on special feature and documen- in Myanmar language to be The Legend of Music, which was funded by Yunnan TV sta- tion, made its debut in China in Ahead of the airing, The Leg- ends of Music was premiered at a ceremony in Yangon last series was part of the “Experi- The premier was attended by U Paik Htway, deputy minister for Information, Cui Yuying, deputy minister for the In- Council of China, Yang Houlan, Chinese Ambassador to My- anmar, and Zhao Jin, member of Standing Committee of the Chinese Communist Party of Yunnan Province and head of Information Department of the Zhao expressed appreciation and production of the TV series He said Chinese audiences were moved and responded positively on the web praising the artists’ role played in the “The Legend of Music has opened a new chapter of cul- tural exchange and cooperation between China and Myanmar, witnessing the friendship between the two peoples,” he He said such exchange and cooperation in the cultural sector “would continue and ex- pand and enhance the mutual understanding between the two peoples so as to inherit such China- Myanmar friendship U Paik Htway said the joint shooting of the TV series pro- vides exchange and friendship following the premiere of the TV series would strengthen the “China-Myanmar paukphaw in Yangon. UAung/Xinhua