Myanmar Business Today - Vol 2, Issue 22

600
-1

Published on

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 www.mmbiztoday.com.
Facebook: www.facebook.com/MyanmarBusinessToday Twitter: @mmbiztoday
Google Plus: https://plus.google.com/107379179269023670071/posts
Linkedin: http://www.linkedin.com/company/myanmar-business-today

Published in: Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
600
On Slideshare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
10
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Myanmar Business Today - Vol 2, Issue 22

  1. 1. June 5-11, 2014 Myanmar Business Today mmbiztoday.com mmbiztoday.com June 5-11, 2014| Vol 2, Issue 22MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL Myanmar Summary Contd. P 11... Inside MBT Gov’tReformsMyanmar InvestmentCommission Wai Linn Kyaw T he Myanmar In- vestment Com- mission (MIC) has appointed the country’s energy minister as its new chairman and added a vice chairman position in addition to boosting the total number of members rising number of MIC permit applications for foreign investment in Myanmar, a source with close knowledge of the matter told Myanmar Business Today. The Commission was re- established with Minister for Energy U Zayar Aung as chairman, replacing U Win Shein, minister for Finance. Minister for Hotels and Tourism U Htay Aung was appointed as the vice Chairman of MIC, while other members include Deputy Minister for Fi- nance Dr Maung Maung Thein and Deputy Minis- ter for National Planning and Economic Develop- ment Daw Lei Lei Thein. The secretary position tor General of the Direc- torate of Investment and Company Administration U Aung Naing Oo. So far during this year, MIC has permitted near- entrepreneurs, while 60 from foreigner investors were given the go-ahead. E-Visa to Be Introduced by Htun Htun Minn T he Department of Immigration and Population (DIP) under the Immigration Ministry by this year will Visa system which was initiated in 2011, a top of- The system will enable a visa applicant to receive Myanmar visa within three days of submitting application, thus saving time and costs, U Maung Maung Than, Director of DIP said. “This will not only bene- but also tourists,” he said. The director said the technical aspect of the while the service aspect is yet to be taken care of fully. “We can start our ser- vice before the end of this year,” U Maung Maung Than said. E-Visa will be available for the countries that do not have a Myanmar Em- bassy and for applicants who live far from a My- anmar consulate. Appli- cants will get online noti- visa, according to the DIP. The Ministry of Hotel and Tourism, Myanmar Posts and Telecommu- nications (MPT) and the DIP are collaborating to implement the E-Visa system. Currently, foreign ap- plicants from countries where there are no My- anmar consulates have to wait for about a week to get their applications approved, while visa fees risdictions. “Many countries have boosted their tourism sector by introducing this kind of system. It is tak- ing us a long time to im- plement the system, but once launched it will help us double tourist arriv- als very soon,” U Naung Naung Han, secretary of Myanmar Tourism Fed- eration, told Myanmar Business Today. Myanmar has set a tar- tourists in 2015, a near- Minister for Tourism U Htay Aung said earlier. Tourist arrivals in My- anmar hit 1 million for increase of 200,000 com- pared with 2011, amid drastic reforms under- taken by the semi-civilian government that came to power three year ago. Myanmar Says to Grant For- eign Banks Licences by End- Getting A “Reasonable” Lunch: Yangon’s Western Restaurant Scene P-9 Yoma Boosts Myanmar Telco Tower Stake to 25pc P-27 jrefrmekdifiHu 2011 ckESpfwGif pwifaqmif&GufcJhonfh E-Visa pepftm; ,ckESpftwGif; tNyD; owftaumiftxnfazmfrnfjzpf aMumif; vl0ifrIBuD;Muyfa&;ESifh jynfolUtiftm;OD;pD;XmerS od& onf/ tqdkygpepfonf oH½Hk;oGm;p&m rvdkbJ oHk;&uftwGif; ADZm&&Sd rnfjzpfí tcsdefukefoufomap rnfhtjyifukefusp&dwfygoufom aponfhtwGuf EkdifiHjcm;om;vkyf ief;&Sifrsm;omrubJ urmÇvSnfh c&D;oGm;rsm;yg ydkrdk0ifa&mufvm aprnfjzpfaMumif; vl0ifrIBuD;Muyf a&;ESifh jynfolUtiftm;OD;pD;Xme rS od&onf/ ]]enf;pepfydkif;awGuawmh awmfawmftqifajyaeNyD/ 0ef aqmifrItydkif;udk b,fvdk,lrvJ qdkwmyJ usefawmhw,f/ 'DESpf rukefcifawmh0efaqmifrIay;Ekdif rSmyg}}[k vl0ifrIBuD;Muyfa&;ESifh jynfolUtiftm;OD;pD;XmerS ñTefMum; a&;rSL; OD;armifarmifoef;u ajym onf/ ,if;pepftaumiftxnfazmf Ekdif&ef [dkw,fESifhc&D;oGm;vma&; 0efBuD;Xme? jrefrmhqufoG,fa&; vkyfief;ESifhvl0ifrIBuD;Muyfa&;ESifh jynfolUtiftm;OD;pD;Xmeponf wdkYrS yl;aygif;um aqmif&Gufae jcif;jzpfonf/ vuf&Sd jrefrmEkdifiH odkY vma&mufonfh EkdifiHjcm;om; rsm; jynf0ifcGifhADZmavQmufxm; &mwGif avQmufxm;onfhaeYrS pwifí wpfywfwdwd apmifhqdkif; ae&NyD; 0efaqmifcrSmrl EdkifiH tvdkuf uGJjym;jcm;em;rI&SdaMumif; od&onf/ ]]EkdifiHwumrSm 'DpepfaMumifh c&D;oGm;u@wpfckvHk; zGHUNzdK; wdk;wufwm t&rf;odomw,f/ tckqdk c&D;oGm;awGu ADZmapmifh aewmeJYwif tcsdefawmfawmfukef w,f/ e-visa om avQmufxm; cGifh&&if c&D;oGm;ESpfqeD;yg;avmuf 0ifa&mufvmEkdifw,f}}[k jrefrm EkdifiHc&D;oGm;vkyfief;&Sifrsm;toif; rS twGif;a&;rSL; OD;aemifaemif [efu ajymonf/ xdkYtjyif e-visa pepfonfjrefrm oH½Hk;r&SdonfhekdifiHrsm;?oH½Hk;jzifha0; onfhNrdKUrsm;rSjynfy{nfhonfrsm; vnf;tGefvdkif;rSvG,fulpGm avQmufxm;edkifrnf jzpfonf/
  2. 2. June 5-11, 2014 Myanmar Business Today mmbiztoday.com 2LOCAL BIZ MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL Board of Editors Editor-in-Chief - Sherpa Hossainy Email - sherpa.hossainy@gmail.com Ph - 09 42 110 8150 Editor-in-Charge - Wai Linn Kyaw Email - linnkhant18@gmail.com Ph - 09 40 157 9090 Reporters & Contributors Htun Htun Minn, May Soe San, Phyu Thit Lwin, Kyaw Min, Aye Myat, David Mayes, Wai Linn Kyaw, Aung Phyo, Sherpa Hossainy, Jonathan Harvey Art & Design Zarni Min Naing (Circle) Email - zarni.circle@gmail.com Ph - 09 7310 5793 Ko Naing Email - nzlinn.13@gmail.com Ph - 09 730 38114 DTP May Su Hlaing Translators Wai Linn Kyaw, Phyu Maung, Bone Pyae Sone 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 - sales.mbtweekly@gmail.com Managing Director Prasert Lekavanichkajorn pkajorn@hotmail.com 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 - aksint2008@gmail.com 09 20 435 59 Nilar Myint - manilarmyint76@gmail.com 09 4210 855 11 Khaing Zaw Hnin - snowkz34@gmail.com 09 4211 30133 Business News in Brief China washes its hands of illegal Chinese in Myanmar The Chinese government will not be responsible for and will not provide any assistance to Chinese citizens who have illegally entered Myanmar to work at gold and other metal mines in Mandalay Division, local me- dia reported Mandalay-based Chinese Consul General Wang Yu as saying. Myanmar can take action against illegal Chinese migrant workers in accordance with its laws since China is taking strong action against illegal foreigners in China, Wang Yu said. Thanlwin hydropower project gets green sig- nal The Myanmar Minister of Electric Power has grant- ed approval to local company Asia World and China’s Hanergy Group Holding Ltd to develop a 1,400MW hy- dropower plant along the Thanlwin River, local media reported. The Upper Thanlwin (also seen as "Kunlong") hydroelectric project would be a joint venture allowing the companies to operate the plant for up to 40 years under a build-operate-transfer plan, with all but about 10 percent of its output being sold to China. The Han- ergy Group reportedly signed a memorandum of agree- ment for the Upper Thanlwin project’s development with the Myanmar government in 2010. New town plans to be drawn for 56 Following instructions from President Thein Sein, new town plans will be drawn for 56 cities across the country with assistance from international organisa- tions, local media reported Director Aye Aye Myint of Construction Ministry as saying. Priority would be given to cities with more than 100,000 population, Aye Aye Myint said. FDI from turmoil-hit regional countries may move to Myanmar Foreign Direct Investment projects from some re- gional countries, which are experiencing political tur- moil, are likely to move into Myanmar, leading local businesspeople told local media. Lured by EU’s restora- tion of GSP (Generalised System of Preferences) trad- ing privileges on Myanmar, a number of garment facto- ries have already moved to Myanmar, Chairman Myat Thin Aung of Hlaingtharyar Special Industrial Estate, western outskirts of Yangon, was quoted as saying. Gov’t sells K2.1 trillion in treasury notes The government has sold more than K2.1 trillion ($2.17 billion) worth of treasury notes as of February, according to the Ministry of National Planning and Economic Development. The Central Bank of Myanmar (CBM) sold K559 billion worth of three-year treasury three-year term is 9 percent and the interest rate for Bank of Myanmar. Companies from 11 countries to invest in Thil- awa SEZ A total of 45 foreign companies from 11 countries in- tion letters to invest at the Thilawa Special Economic Zone on the outskirts of commercial city Yangon, local media reported citing Chairman Set Aung of the Thila- wa SEZ Management Committee. Most of the interest- ed companies are from Japan, Hong Kong, Singapore, Thailand and Malaysia while the only company from the entire project. EU promotes police-public relations The Myanmar Police Force (MPF) in cooperation with European Union will promote the relations between po- lice force and public in Myanmar, the EU said in a state- ment. The MPF recently held an Open Day, which was organised at the initiative of the Community Policing project funded by the EU. The project has also provided in order to roll out community policing to more areas across the country. The police reform project includes community policing, crowd management, improving accountability and enhancing the role of civil society and the media. The project will be completed in March 2015, the EU said. Myanmar Summary rEÅav;wdkif;a'oBuD;twGif;odkY a&TESifhtjcm;owåKrsm;wl;azmf&ef w&m;r0if0ifa&mufvmMuaom w½kwfEdkifiHom;rsm;tm; rnfonfh tultnDrS ay;rnfr[kwfaMumif;ESifh wm0ef,lrIray;Edkif[k rEÅav; tajcpdkuf w½kwfaumifppf0ef General Wang You u ajymMum; cJhonf/ jrefrmEdkifiHtaejzifh w½kwfEdkifiHrSw&m;r0if 0ifa&mufvm aomtvkyform;rsm;udk Oya'ESifhtnDta&;,lEkdifNyD; w½kwfzufrS or®wOD;odef;pdefvrf;ñTefcsuft& &efukefwdkif;NrdKUe,f 56 NrdKUe,fudk EdkifiHwumtzGJUtpnf;rsm;tultnDjzifh tqifhjr§ifhwifrIrsm;jyKvkyf oGm;rnf[k aqmufvkyfa&;0efBuD;½Hk;rS ñTefMum;a&;rSL; a':at;at;jrifh u ajymMum;cJhonf/ ,if;pDrHudef;onf vlOD;a&wpfodef;ausmf&Sdaom NrdKUe,frsm;wGif OD;pm;ay;aqmif&GufoGm;rnf[k od&onf/
  3. 3. June 5-11, 2014 Myanmar Business Today mmbiztoday.com 3LOCAL BIZ Myanmar Summary Contd. P 11... Myanmar Says to Grant Foreign Banks Licences by End-Sept M yanmar will grant for- eign banks limited op- erating licences by the third quarter of this year, in a bid by the country’s semi-civil- ian government to attract for- eign investment into an econo- my just emerging from decades of military rule. mar, and seen by Reuters, shows that as many as 10 foreign banks will be allowed to set up one branch each to provide restricted services, including granting loans to foreign corporates. Jared Ferrie Lending to local companies will require the foreign banks to cooperate with local institu- tions, the document shows. Foreign banks with repre- include Standard Chartered, Thailand’s Siam Commercial Bank , Singapore’s Oversea- Chinese Banking Corp., the Australia and New Zealand Banking Group, the Korea Ex- change Bank, and Japan’s Su- mitomo Mitsui Banking Group. “Licensees are expected to contribute to the development of the domestic banking sector, notably but not exclusively by participating in the interbank market, by lending to domestic ing activities of domestic corpo- rates,” the document added. A licensing panel will review applications by July 6 and award September, the document says. will oversee the process. Based on a recommendation from the World Bank, a mini- mum paid-in capital of $75 mil- lion will be required by selected foreign banks, the document showed. Domestic concerns Myanmar’s banking sector was crippled by decades of mis- management under military of the global economy due to Western sanctions. The European Union, Aus- tralia and other countries have lifted sanctions in response to widespread political and eco- nomic reforms initiated by the reformist, semi-civilian govern- ment that took over from a mili- tary junta in March 2011. who declined to be named due to the sensitivity of the subject, said foreign banks would help spur economic development as well as modernise the domestic banking system. foreign banks to give capacity building to local banks,” the of- The tender has triggered con- cerns among domestic banks and lawmakers, who say the immature to deal with foreign competition. a “strong parliamentary com- mittee” had already said it was opposed to allowing foreign banks to operate in Myanmar, but added that the process was unlikely to be derailed. “Local banks are not to be marginalised,” he said. Last year, a group of parlia- mentarians tried unsuccessfully to intervene at the last moment to prevent telecommunication licences from being awarded to Norway’s Telenor and Qatar’s Ooredoo. be allowed to operate in Myanmar later this year although initially they will only be allowed to have branches in certain areas and offer a limited range of products, government and banking sources told Reuters. WaiLinnKyaw Rice Exports Up 26 Percent in April M yanmar earned $10.74 million from export- ing 27,692 tonnes of year, up 26 percent compared to the same period a year ear- lier, Ministry of Commerce data shows. During the period, 5,070 tonnes of rice were exported through overseas routes, fetch- ing $1.86 million, while over- land (border) trade of 22,622 tonnes garnered $8.88 million. tonnes of rice were exported through overseas routes earn- trade bagged $5.40 million May Soe San from 12,182 tonnes. Myanmar’s rice exports most- ly take place overland with Chi- na and Thailand, however the government has been empha- sising on increasing overseas exports, which essentially com- prise exporting high-grade and value-added rice. Muse border trade station with China sees about 45,000 to 50,000 bags traded every day, with local varities like Nwe The Htet and Nga Seing being the most popular, traders say. Recently, there has been strong demand for rice from China’s Yunan province as ex- ports from Vietnam dwindled, Reuters jrefrmtaejzifh bPfrsm;odkY vkyfydkif cGifhvdkifpifrsm; ,ckESpf wwd,okH;v ywftwGif; csxm;ay;rnfjzpfum tpdk;& taejzifh EdkifiHjcm;&if;ESD;jr§KyfESHrIrsm;tm; qGJaqmifEdkif&ef arQmfrSef;xm;aMumif; od&onf/ w&m;0ifpm&Gufpmwrf;rsm;tm; jrefrmEdkifiHwGif udk,fpm;vS,f½kH;zGifhvSpf xm;onfh EdkifiHjcm;bPf 30 tm; ay;ydkY NyD;jzpfumReuters taejzifh jrifawGUjyD; jzpfaMumif;ESifh EdkifiHjcm;bPf 10 ck cefY taejzifh owfrSwfxm;onfh EdkifiHjcm; yl;aygif;aqmif&GufrIrsm;tm; acs;aiG xkwfacs;jcif;uJhodkYaom vkyfief;rsm;tm; vkyfaqmifEdkifrnfjzpfaMumif; od&onf/ jynfwGif;ukrÜPDrsm;tm; acs;aiGxkwf ay;jcif;ESifhywfoufNyD; EdkifiHjcm;bPfrsm; taejzifh jynfwGif;tzGJUtpnf;rsm;ESifh yl;aygif;aqmif&Guf&efvdktyfaMumif; tqdkygxkwfjyefcsuft& od&onf/ jrefrmEdkifiHwGif udk,fpm;vS,f½kH;zGifhvSpf xm;onfhEdkifiHjcm;bPfrsm;wGif Standard Chartered pifumyl Oversea- Chinese Banking Corp? xdkif;EdkifiH Siam Commercial Bank? MopaMw;vsESifh e,l;ZDvefbPftkyfpk? Korea Exchange Bank ESifh *syefrS Sumitomo Mitsui Banking Group wdkYyg0ifaMumif; od&onf/ vdkifpifcsxm;ay;a&;rS avQmufvTm rsm;tm; Zlvdkif 6 &ufwGif avhvmrnf jzpfNyD; pufwifbmvtukefwGif vdkifpif 5 ckrS 10 ck csxm;ay;rnfjzpfaMumif; tqdkyg xkwfjyefcsuft& od&onf/ Roland Berger tBuHay;ukrÜPDrS tqdkygvkyfief;tm;BuD;Muyfrnfjzpfonf/ urÇmhbPf tBuHjyKcsuftm; tajccH um tenf;qkH; aiG&if;rSm tar&duef a':vm 75 oef;&SdNyD; a&G;cs,fcH&onfh EdkifiHjcm;bPftaejzifh jyo&rnfjzpf aMumif; tqdkygxkwfjyefcsuft&od&onf/ Oa&myor*¾? MopaMw;vsESifh tjcm; EdkifiHrsm;taejzifh ydwfqdkYrIrsm;tm; 2011 rwfvwGif tmPm&,lcJhonfh tpkd;&opfEdkifiHa&;ESifhpD;yGm;a&; jyKjyifajymif;vJrIrsm;tay: wkHUjyefaom tm;jzifh ajzavQmhay;cJhonf/
  4. 4. June 5-11, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 4 Myanmar Summary Myanmar Summary Heliocentris Grabs Additional Multimillion Dollar Myanmar Order New order worth $2.7-4 million; covers turnkey power solutions for 75 new base stations G erman power solutions provider Heliocentris Energy Solutions AG said it has received an addition- al order in Myanmar following its multimillion-dollar April deal, which was the largest sin- gle purchase order in the com- pany’s history. million ($2.72-4.08 million) in revenues depending on exact said, adding that the order will months. - distributed power systems, announced that it grabbed an order to deliver and install 75 turnkey power solutions for the rollout of the new mobile net- work in Myanmar. With this order, the 2014 or- der book of Heliocentris has reached €9.2 million ($12.51 million), almost double the amount it recorded as full year The power solutions comprise Heliocentris’ proprietary “En- ergy Manager System” and also include diesel generators, bat- teries, power electronics, cabi- nets and peripheral material from other power components suppliers. Ayad Abul-Ella, CEO of Helio- centris, said: “Orders received from Myanmar now total over €5 million, which is particularly encouraging as the rollout of the mobile telecom infrastruc- ture in this country has only just begun.” Telenor and Ooredoo, the two principal operators in My- Phyu Thit Lwin Heliocentris anmar, plan to erect around 18,000 mobile base stations in the next three years, of which about one fourth in 2014. “The opportunity is therefore huge for Heliocentris to achieve substantial double-digit million revenues in Myanmar over the “With our recent order wins the company is now also well on track to achieve full year revenues of over €20 million in 2014 as planned.” Ayad said the follow-on order standing with existing custom- ers and was already evidenced by repeat-purchases by du in UAE and mcell in Mozambique. Myanmar is one of the few remaining telecommunications frontiers, with only 10 percent of its 60 million people holding a mobile-phone subscription, according to industry estimates. That compares to penetration rates of 70 percent in Cambo- dia, 90 percent in Laos and over 100 percent in Thailand. - ments, the Myanmar govern- ment plans to increase the per- centage of phone owners to 80 percent by 2016. In order to achieve this ambi- tious goal, new mobile licences were awarded to Telenor from Norway and Qatar Telecom in June of last year. Both opera- tors will have to meet popula- tion and geographical coverage targets to ensure that the coun- try’s large rural population is covered. *smreDvQyfppfxkwfvkyfa&; Heliocentris Energy Solutions AG onf jrefrm EdkifiHrS {NyDvtwGif;rSm,lcJhonfh a':vm oef;csDonfh trSmpmtjyif xyfrHrSm,lrI rsm;&SdcJhaMumif; od&onf/ tqdkygtrSmpmonf ,l½dk 2 'or 3 oef; (tar&duefa':vm 2 'or 72 rS 3 'or 08 oef;) txd &SdEdkifNyD; vkyf uGufyrmPtay:wGifrlwnfaMumif; Heliocentris ajymMum;cJhNyD; ukrÜPD taejzifh tqdkygukefypönf;rsm;tm; vm rnfh oHk;av;vtwGif; oabmFjzifh ay;ydkY &rnfjzpfonf/ jyefjynfhNrJpGrf;tifESifhvQyfppfjzefYjzL;a&; pepfrsm;tm; 0efaqmifay;aeonfh tqdkyg qufoG,fa&;uGef&ufopfwdk;csJU&eftwGuf vQyfppf"mwftm;ay;0efaqmifrI 75 ck tm; vkyfaqmif&ef trSmpmvufcHNyD;jzpf aMumif;vnf; aMunmcJhonf/ Myanmar’s April $634m M yanmar’s total exports in April amounted to total imports during the month came up to $1.18 billion, show- Central Statistical Organisation (CSO) shows. During the period, foreign trade totalled $1.72 billion, ac- cording to CSO data. Of the total export, overseas million dollars while border trade made up $108.14 million. Of the total import, overseas trade accounted for $1.04 bil- lion and border trade made up foreign trade totalled $24.96 billion, with export amounting to $11.20 billion and import Kyaw Min jrefrmEdkifiH {NyDvtwGif; ydkYukef wifydkYrIpkpkaygif;onf tar&duefa':vm 542 'or 35 oef;&&SdcJhNyD; oGif;ukef wifoGif;rIrSm tar&duefa':vm 1 'or 18 bDvD,HodkY a&muf&SdcJhum tar&d uefa':vm 633 'or 99 oef; vdkaiGjyvsuf&SdaMumif; Central Statistical Organisation (CSO) rS xkwfjyefcJh onfh tpdk;&pm&if;rsm;t& od&onf/ tqdkygumvtwGif; EdkifiHjcm;ukefoG,f rIrSm tar&duefa':vm 1 'or 72 bDvD,H&SdcJhaMumif;vnf; tqdkygpm&if; t& od&onf/ ydkYukefpkpkaygif;wGif yifv,fa&aMumif; ukefoG,frIrS tar&duefa':vm 434 'or 21 oef; wefzdk;&SdcJhNyD; e,fpyfukef oG,frIwefzdk;rSmtar&duefa':vm108 'or 14 oef;&SdcJhaMumif; od&onf/
  5. 5. June 5-11, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 5 Myanmar Summary Myanmar Summary UPP Gets MIC Nod on $46-m Power Plant Incorporates Myanmar power subsidiary for its new gas power plant project in Yangon (Ywama) S ingapore-listed conglomerate UPP Holdings Ltd to its power generation subsidiary to carry on a power plant project in the energy-starved Southeast Asian country. an investment of $46.511 million, approved by the My- anmar Investment Commission (MIC), UPP said in a The company and UPP Greentech Pte Ltd, a wholly owned subsidiary of UPP, have invested the total sum, comprising: initial capital injection of $75,000; addi- tional capital injection of $46,000; and aggregate con- UPP holds 1 percent stake in the company while UPP Greentech holds the rest. In August last year, UPP signed a turnkey agreement with Myanmar-based MSP Tractors Pte Ltd and Myan Shwe Pyi Tractors Ltd to build the power plant. UPP started looking into potential businesses in My- anmar since 2012 in a bid to diversify its portfolio into Myanmar. Aung Phyo pifumyltajcpdkuf UPP tzGJUtpnf;BuD;onfjrefrmtpdk;&pGrf;tif axmufyHhrItpDtpOfudk ta&SUawmiftm&SpGrf;tif&Sm;yg;aomEdkifiHrsm; wGif"mwftm;ay;puf½Hkaqmufvkyf&ef tqHk;owfcGifhjyKrdefYoabmwlnD rIpmcsKyfudk xkwfjyefcJhaMumif; od&onf/ jrefrm&if;ESD;jr§KyfESHrIaumfr&Sif(MIC)cGifhjyKcsuffjzifh UPP Power (jrefrm) vDrdwufonf tar&duefa':vm 46 'or 511 oef;udk &if;ESD;jr§KyfESHrnfjzpf aMumif;od&onf/ Myanmar Seeks to Establish Direct Air Links with Europe T he government is discuss- ing with some European countries to sign aviation agreements which will pave the way to establish direct air con- nections between Europe and the Htun Htun Minn recently-opened Southeast Asian nation, a Directorate of Civil Avi- “Now we are discussing with Netherlands and France. Then we will continue to discuss with other countries,” U Nay Win, Director of the DCA told Myan- mar Business Today. DCA will strive to improve aviation safety, airport security and other related services to push those agreements. Currently, there are no local direct air links between Myan- mar and any European country. However, Myanmar has direct air links with China, Japan, South Korea, Thailand, Bangla- desh and India, among others. The Philippines also struck a direct air link agreement with Myanmar last month. “Myanmar’s aviation industry will develop once the depart- ment signs the agreements. Local airlines will be able to expand their market and the number of airlines will also increase,” Daw Aye Mra Tha, spokesperson of the state-run carrier Myanmar Airways In- ternational (MAI) said. Currently, there are 24 foreign airlines operating in Myanmar and most of them are operating from Thailand, Singapore and Malaysia. Foreign tourist arrival has jumped recently amid reforms and the three international air- gon, Mandalay and Nay Pyi Taw capacity. The government recently se- lected a foreign consortium to build a $12-billion new inter- national airport in Bago region, about 70 kilometres from Yan- gon. SherpaHossainy jrefrmhavaMumif;vdkif;rsm; Oa&my EdkifiHrsm;xHwdkuf½dkufysHoef;ajy;qGJekdif&ef avaMumif;oabmwlpmcsKyfcsKyfqdkawmh rnfjzpfaMumif;avaMumif;ydkYaqmifa&; ñTefMum;rIOD;pD;XmerS od& onf/ oabmwlpmcsKyfcsKyfqdkNyD;yguav aMumif;qdkif&mvHkNcHka&;? avaMumif;ysHoef; a&;? ab;tEÅ&m,fuif;&Sif;a&;ESifh av ,mOfay:wGif tpm;taomufrsm; a&mif;cs a&;ponfh&v'frsm;wdk;wufajymif;vJ oGm;rnfjzpfaMumif; avaMumif;ydkYaqmif a&;ñTefMum;rIOD;pD;XmerS od&onf/ ]]tck e,fomvef? jyifopfwdkYeJY aqG;aEG; aew,f/ NyD;&if wjcm;EdkifiHawGeJY quf NyD;aqG;aEG;oGm;r,f/pmcsKyfxJrSm av,mOfwpfaeYukd b,fESpfBudrfysHoef; &r,fh tBudrfta&twGuftJ'gawGukd ygxnfhoGif;csKyfqdkoGm;r,f}}[k avaMumif;ydkYaqmifa&; ñTefMum;rIOD;pD; XmerS ñTefjum;a&;rSL;OD;ae0if;u ajym onf/ vuf&SdjrefrmedkifiHavaMumif;vdkif; rsm;onf Oa&myEdkifiHrsm;xH wdkuf ½dkufysHoef;rIr&Sdao;bJ tm&SEdkifiHrsm; ukdomajy;qGJaevsuf&SdaomaMumifh ,cktcg Oa&myEdkifiHxHajy;qGJcGifh&&Sd &ef aqG;aEG;ae&jcif;jzpfaMumif; od& onf/
  6. 6. June 5-11, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 6 Myanmar Summary Trio Sign $3-m Public Private Partnership Agreement T he United States Agency for International Devel- opment (USAID), Chev- ron/UNOCAL Myanmar and Pact Myanmar have signed a - nership (PPP) agreement to im- plement a development project in Myanmar. The three-year project is the second phase of a program known as SHINE (Sustainable Health and Empowerment), and is the latest in a 10-year partnership between Washing- ton-based NGO Pact and Chev- ron/UNOCAL. Pact’s Country Director Rich- ard Harrison said the agree- ment marks a major step forward in a new model of de- velopment, where the common goal is integrated community resilience. He said aid organisations now have the opportunity and responsibility in Myanmar to to better address the govern- ment’s highest priorities and reform process. “We see this as a potential paradigm shift based on lessons as part of a deliberate and stra- tegic shift in Myanmar where private sector and civil society May Soe San links no longer lag behind the links between donors and civil society,” Harrison said. The new project aims to im- prove the lives of 160,000 townships in central Myanmar between 2014 and 2017, Pact said. Mariano Vela, president of Chevron/UNOCAL Myanmar, said: “As a long-term private sector investor in Myanmar, we see ourselves as part of the solution for Myanmar’s future development, and it is our hope that projects such as this help people to make their own eco- nomic choices. Over 10 years of support- ing Pact in Myanmar, we have directly improved the lives of 902,405 individual Myanmar citizens in 181,000 households townships, he added. The program will focus on women’s economic empower- ment through the establishment of Village Health and Develop- ment Funds (VHDFs), which will focus on maternal, new- born and child health, tuber- culosis, water and sanitation, women in target communities. One of the key outputs of the SHINE program will be to dou- ble, to 80 percent, the propor- tion of pregnant women in tar- get villages that give birth with skilled birth attendants. United States Ambassador Derek Mitchell said Public Pri- vate Partnerships are an inte- gral part of the United States Government strategy for im- proving development outcomes worldwide, and supporting the reform process in Myanmar. Pact also implements a - ernment-funded development program called Shae Thot in Myanmar. Besides USAID and Chevron, Pact also gets funding from Coca-cola for its Myanmar programs. SoeZeyaTun/Reuters tar&duefjynfaxmifpktjynfjynf qdkif&mzGHUNzdK;a&; (USAID) ? Chevron/ UNOCAL Myanmar ESifh Pact Myanmar wdkYtaejzifh tar&duef a':vmoHk;oef;yrmP&Sd yk*¾vdu? jynfol yl;aygif;aqmif&Gufa&; (PPP) oabm wlnDcsuftm; vufrSwfa&;xkd;um jrefrm EdkifiHwGif zGHUNzdK;a&;pDrHudef;rsm; vkyfaqmif oGm;rnfjzpfaMumif; od&onf/ okH;ESpfMumjyKvkyfrnfh tqdkygpDrHudef; onf SHINE (Sustainable Health and Empowerment) 'kwd,tokwf jzpfNyD; 0g&Sifweftajcpdkuf NGO Pact ESifh Chevron/UNOCAL wdkY 10 ESpf wmyl;aygif;aqmif&GufrIaemufqkH;pDrH udef;vnf;jzpfonf/ Pact jrefrmEdkifiHqdkif&m ñTefMum; a&;rSL; Richard Harrison rS tqdkyg oabmwlnDcsufonf zGHUNzdK;rIykHpHopfodkY wufvSrf;&eftwGuf t"duajcvSrf;wpfck jzpfNyD;t"du&nfrSef;csufrSm vlxktajcjyK jyóemrsm; ajz&Sif;Edkif&eftwGufjzpf aMumif; ajymMum;cJhonf/ ,ckpDrHudef;topftaejzifh jrefrm EdkifiHtv,fydkif;NrdKUe,fokH;cktwGif;&Sd aus;&Gm 310 rS vlaygif; 160ç000 b0rsm;tm; 2014 rS 2017 twGif; jr§ifhwifay;rnfjzpfonf/ DFDL Discusses Tax Issues R - ducted a knowledge-sharing session with high level of- “Central to the discussions were the tax issues faced by inter- national clients in the current business environment in Myan- mar,” said DFDL Partner Jack Sheehan. The session, held in collaboration with DFDL’s alliance trans- - During the session, Sheehan, Tax Director Bernard Cobarru- bias and Quantera Senior Partner Steven Carey shared experi- - ternational tax trends, double tax treaties and transfer pricing. “As international investors increasingly enter Myanmar, the IRD there was particularly keen to hear those issues as well as cases and practical examples from other tax jurisdictions,” Sheehan added. - gon and the capital Nay Pyi Taw. Aung Phyo Myanmar Summary should not assume it is impossi- ble to eat out for under K5,000, instead if you look carefully it is possible to eat out all over Yan- gon. And I’m sure many readers can name many restaurants I have yet to encounter. Although there is a surpris- ingly wide range of good quality restaurants in Yangon it is safe to say the vast majority are rela- tively expensive. Costs of opera- tions are high in Yangon, land rental is very expensive and sourcing authenticate ingredi- ents is problematic and pricy prices. Additionally, many for- eigners in Yangon are well paid expatriate workers, with high levels of disposable income. This is dissimilar to neighbour- ing Bangkok, which receives a high number of lower income tourists and subsequently has a restaurant scene to facilitate. Resultantly, as many restau- rants cater to the higher end of the economic spectrum there is little necessity to charge cheap prices, as demand will be high regardless. city undergoing a time of tran- sition and is likely to change in recent years as more tour- ists, expats and returning locals trickle into the country. As one of my interviewees working in a high-end European restaurant, who wanted to remain anony- mous, told me, “With the di- chotomy in pricing and quality between reasonable local and Western food so vast, it seems likely new restaurants will open with Western menus and Bur- mese prices.” With these restaurants lo- cated in a society that places such esteem on Western cul- ture, it seems likely these es- anyone who’s been to the Pizza Company or Manhattan Fish - pirational Burmese making up the majority of the customers. For now however, there is still much progress to be made. Jonathan Harvey is currently interning at Consult Myanmar in Yangon. The views expressed here are the author’s own and - anmar Business Today’s edito- rial policy. a'owGif;Oya'ESifhtcGefqdkif&mtBuHay;ukrÜPD DFDL taejzifh rMumrDu jynfwGif;tcGefOD;pD;XmerSxdyfwef;t&m&SdBuD;rsm;ESifhA[kokwrQa0aqG;aEG;rI w&yftm; aejynfawmfwGif jyKvkyfcJhaMumif; tqdkygukrÜPDrS ajymMum;cJhonf/ om;rsm;MuHKawGUae&jcif;jzpfonf/ vlwpfOD;vQifjynfwGif;tpm;tpmt wGufusyf5000atmufjzifh tvG,fwul &Edkifonfhwdkif taemufwdkif; tpm;tpm; rsm;rSmrltqdkygaps;EIef;ESifh&&SdEdkif&ef rsm;pGm cufcJvsuf&Sdonf/ rQwpGmajymqdk&rnfqdkyguxdkodkYaps; EIef;MuD;jrifhjcif;onf t&nftaoG; ESifh 0efaqmifrIrnfrQay;Edkifonfqdkjcif;t ay:rsm;pGmrlwnfvsuf&Sdonf/jrdKUawmf [dkw,fvkyfief;uJhodkYyif&efukefwGiftaumif; qkH;aompm;aomufqdkifrsm;tawmfrsm; rsm;&Sdygonf/ ,ckaqmif;yg;onf&efukefwGiftaemuf wdkif;tpm;tpm (t"dutpm;tpmESifh aomufp&m tygt0if) tm; usyf 5000 ESifh&efukefjrdKYxJwGifpm;Edkifrnfhae&mtm;&Sm azGazmfxkwf&efjzpfonf/ taemufwdkif;qdkonfhae&mwGifOa&m yESifhtar&duefwdkYtaejzifh&efukefpm; aomufqdkifykHpHESifhtom;usvdrfhrnfr [kwfacs/ ,ckaqmif;yg;tm;a&;&eftwGuf &efukefjrdKY&Sd pm;aomufqdkif 50 cefYtm; oGm;a&mufum&efukefjrdKYaeEdkifiHjcm; om;rsm; tm; ar;jref;jcif;jzifh &efukefae EdkifiHjcm;om;rsm;taejzifhtaemufwdkif; tpm;taomufrsm;tm;rnfodkYokH; aqmif EdkifaMumif; avhvmcJh&onf/ rdrdawGYcJhonfh trsm;pkujzifh owif;t csuftvuf&&SdrIcufcJaMumif;tm; ajymjyMuonf/
  7. 7. June 5-11, 2014 Myanmar Business Today mmbiztoday.com 7LOCAL BIZ Myanmar Summary Myanmar Summary MyanmarSignsEnvironmental PactwithSouthKorea T he Ministry of Environmental Conservation has signed an environmental protection agreement with the government of South Korea. As Myanmar begins a phase of rapid economic devel- opment, the impact on the environment and local ecosys- tems grows due to pollution, deforestation and increasing resource extraction. “By signing the environmental conservation contract, we can exchange environmental information and techni- cal experiences,” said Nay Aye, director general of the De- partment of Environmental Conservation and Forestry. The two sides signed an agreement to carry out environ- mental policies, prevent the degradation of bio-diversity and climate change. The agreements also helps share in- formation on how to control and supervise air pollution, manage water quality control and underground water supplies and conduct environmental research. “As Myanmar faces rapid economic development, they face increasing environmental pollution. To reduce pollu- tion, we need conservation programmes and sound envi- ronmental policies. We want to share the good ways to re- duce the environmental impact,” said the chairman of the Korea Environmental Industry & Technology Institute. Aye Myat Ooredoo to Launch Myanmar Services by September Omobile SIM cards in My- anmar sometime between July and September this year, a services in major urban areas around Yangon, Mandalay and Nay Pyi Taw in the third quarter the population, Ross Cormack, - doo, told a press conference to update on progress of the com- pany ahead of its launch of its services. By the end of the year, services will reach 60 percent of the pop- percent of the country’s popula- - work coverage. However, Cormack declined re- veal the exact price of Ooredoo’s still conducting a customer sur- vey. “The price of SIM cards, call and internet service rates will be announced later. There will be no limits as to how many SIM cards will be issued. Our main goal is to provide better telecommuni- Kyaw Min cations and internet services to Myanmar people,” he said. licence to operate in Myanmar’s industry, said it has established data centres in Yangon and Man- dalay and another one in Nay Pyi Taw is near completion. 400 infrastructure towers and deploy 1,200 kilometres of its - ers. “So far we have built more than 100 towers, and we are going to have more by the end of the year,” Cormack said. Ooredoo Mynmar formally got its licence to operate of February 5 following its successful bidding in a tightly-contested battle for After formally receiving its li- cence Ooredoo said in a state- ment: “… the company remains on track to meet its commitment to deliver … mobile communica- tion services for Myanmar’s peo- ple in six months’ time.” - - mack said: “From now on we must work ... to launch after six date. … We must keep our prom- ises in delivering our services and products to the people of Myan- mar. Keeping the promises by word of mouth isn’t enough.” Ooredoo’s Norwegian rival Telenor, which has about 150 million subscribers in Asia, the Nordics and central Europe, said it would launch voice and data service within eight months in Myanmar and expects to cover 90 percent of the country’s popu- Cormack said Ooredoo is work- ing on connecting to the existing mobile network of state-run My- anmar Post and Telecommunica- network can already connect to Telenor’s network. Regarding user data protec- tion, Cormak said Ooredoo owns its data centres and networks and user information will be safeguarded according to inter- national law. “Even if the govern- ment asks for user data, we will not give them.” Cormack placed a strong em- phasisontheworkthatcontinues in the recruitment, development and training of its local Myanmar - working across all functions of the business, Cormack said they are the key ingredient to deliver- ing ongoing success: Whilst acknowledging that some challenges had been faced in terms of network rollout, Cor- mack said plans to introduce its service during the third quarter remained intact. aiGusyf 1500 xufrydkonfh 3 G uGef&ufpepfoHk; rdkdbdkif;zkef;qif;uwf rsm;udk ,ckESpftapmqHk; ZlvdkifESifh aemuf tusqHk; pufwifbmvwGiftuefY towfr&Sda&mif;csay;oGm;rnfjzpfaMumif; od&onf/ ,if;uJhodkY 3 G uGef&ufpepfoHk;pGJNyD; bufpkHaumif;rGefap&eftwGuf&efukef- rEÅav;- aejynfawmfponfhNrdKUrsm;wGif Data Center rsm; wnfaqmufNyD;pD; NyDjzpfumtajccHtaqmufttHkrsm;jzpf onfh wm0gwdkif 400 ausmfudkvnf; pdkufxloGm;rnfjzpfaMumif; od&onf/ ,if;ESifhcsdwfqufrnfh Fibre vdkif; 1200 uDvdkrDwmausmfudkvnf; jyifqif aqmif&Gufvsuf&SdaMumif; ar 25 &uf u ql;av&Sef*&DvmwGif jyKvkyfonfh rD'D,m&Sif;vif;yGJwGif Cormak uajym Mum;cJhonf/ obm0ywf0ef;usifxdef;odrf;a&;ESifhopfawm0efMuD;Xmetaejzifh awmifudk&D;,m;tpdk;&ESifhobm0ywf0ef;usifumuG,fa&;qdkif&m oabmwlnDcsufwpfck csKyfqdkcJhaMumif; od&onf/ jrefrmEdkifiHtaejzifhpD;yGm;a&;tvQiftjrefzGHYjzdK;rIpwifonfhtwGuf obm0ywf0ef;usifESifhjynfwGif;a*[pepftm;npfnrf;rI?opfawm jyKef;wD;rSIESifhobm0t&if;tjrpfxkwf,lrIjrifhwufvmrIrsm;aMumifh xdcdkufrsm; &Sdvmjcif;jzpfonf/ KyawMin
  8. 8. June 5-11, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 8 Myanmar Summary Supri/Reuters Manulife Makes Myanmar Return After 72-Year Break M anulife Financial Corp (MFC) re-established its presence in Myan- - dian insurer to tap the Southeast Asian country’s burgeoning mid- dle class. The company, which operates in 11 Asian markets including Thailand and China, opened a - mar’s largest city Yangon recent- ly, and plans to sell life insurance products to the country of about 60 million people. Manulife, Canada’s largest life insurer entered Myanmar known as Burma, and left in 1942 Wai Linn Kyaw as the World War II broke out. “We’re convinced Myanmar is on the threshold of a great op- portunity,” Indren Naidoo, Man- ulife’s regional executive, said in a statement. “Myanmar has a real oppor- tunity here in terms of catching up with the kind of growth and development we’ve seen in other parts of this region.” Myanmar’s middle-income earners are set to double by 2020, according to the Boston Consulting Group, leaving more disposable income for residents to buy insurance products. It is forecast to reach one of the high- est growth rates in Asia, with a GDP gain of 7.8 percent this year and next, according to the Asian Development Bank. Myanmar’s government has been shaping a more invest- ment-friendly country by unify- ing the exchange rate, creating autonomy for the central bank, reforming tax policy, pumping funds into social and physical in- frastructure, and developing the of isolation and military rule. Last year, Myanmar took the - ance sector by issuing 12 licences to private domestic insurers. Be- fore that, state-owned insurer Myanma Insurance enjoyed a monopoly for about 50 years. The government has signalled that foreign insurers and banks would be allowed to start operat- ing in Myanmar as early as 2015. Major insurers such as Pruden- tial, MetLife Inc, AIA Group Ltd, ACE Group and Sumitomo Mit- sui have also opened up repre- “Myanmar was actually one of Manulife’s earliest markets light of its large, dynamic popu- lation and the positive changes in its economy, it can be a major part of our future too,” Robert Cook, president and chief ex- ecutive of Manulife Asia, told the Wall Street Journal. Some estimates suggest that a measly 0.5 percent of Myanmar’s population have insurance cov- likely a key hurdle for some con- sumers, insurers are betting that is likely to change over the com- ing years given the country’s rel- atively robust pace of economic growth, its abundance natural re- sources and a government pledge to reduce poverty. “Its economy is small now, but it’s growing at 8 percent a year its population is twice the size of Canada,” Naidoo said. Myanmar is also attractive to in- surers because it has a young pop- ulation with the median age being 28 versus 42 in Canada, he added. “And there’s also a tremendous energy among ordinary Burmese familiestogetoninlife,andcatch up with the growth in neighbor- ing countries,” said Naidoo. Toronto-based Manulife, which manages $584 billion, had 2012 revenue of $27.6 billion and has 28,000 employees worldwide. Mitsui to Start Auto Service Workshop Business M itsui & Co will start an automobile service workshop business in Myanmar in collaboration with SCG Trading Co a subsidiary of Siam Cement Group, one of the leading industrial groups in Thailand. Mitsui and SCGT established the investment company SCGT Automobile Co (SCA) in Bangkok and SCA established a joint ven- ture company Mingalar Motor Co in Yangon with Oriental Apex Car Sales & Services. The new service shop will start operations in September, accord- ing to Mitsui. There are about 400,000 regis- tered vehicles in Myanmar. As its vehicle market consists mainly of used vehicles, the demand for high quality after service has Kyaw Min been increasing. Also, with the population nearing 60 million, liberalisation and rapid growth in the new car sales market is ex- pected in the near future. Mitsui began conducting busi- ness ahead of other companies in Myanmar. It had the most in- vestment projects in the country among Japanese companies in the 1990s. The company, which resumed exportation of rice from Myan- mar two years ago, said it will keep contributing to the coun- try’s development through valu- able business, including this new automotive project. Myanmar Summary Mitsui & Co taejzifh xdkif;EdkifiHH OD;aqmifpufrIvkyfief;pkrsm;rS wpfckjzpf onfh Siam Cement Group ukrÜPDcGJwpfckjzpfonfh SCG Trading Co ESifhyl;aygif;um um;jyKjyifa&;vkyfief; tm; jrefrmEdkifiHwGif vkyfaqmifrnfjzpf aMumif; od&onf/ Mitsui ESifh SCGT wdkYtaejzifh &if;ESD;jr§KyfESHrIukrÜPD SCGTAutomobile Co (SCA) tm; befaumufwGif wnfaxmifcJhjyD; SCA taejzifh &efukefNrdKU&Sd Oriental Apex Car Sales & Services ESifh yl;aygif;um Mingalar Motor Co tm; yl;aygif;wnfaxmifcJh aMumif; od&Sd&onf/ tqdkygum;0efaqmifrIvkyfief;rsm; tm; pufwifbmvwGif pwifrnfjzpf aMumif; Mitsui rS ajymMum;xm;onf/ vuf&Sd jrefrmEdkifiHwGif w&m;0ifum;tpD; a&aygif; 400ç000 &Sdonf/ tqdkyg um;aps;uGufrSmrsm;aomtm;jzifh tokH;jyK NyD;om;um;rsm;jzpfNyD; 0efaqmifrIrsm; wdk;wufvmonfESifhtrQ tqifhjrifhum; rsm;tay:wGif 0,fvdktm;rsm; wdk;wuf vsuf&SdaMumif; od&onf/ service workshop in Myanmar. SherpaHossainy jrefrmEdkifiH yxrqkH; uae'g tmrcH vkyfief;wpfcktjzpf Manulife Financial Corp (MFC) rS jrefrmEdkifiHwGif 'kwd, tBudrfftjzpf jyefvnfzGJUpnf;cJhaMumif; od&onf/ tqdkygukrÜPDtaejzifh xkdif;ESifhw½kwf EkdifiHtygt0if tm&Saps;uGuf 11 ck wGifvkyfudkifvsuf&SdNyD; rMumao;rDu jrefrmEdkifiH tBuD;qkH;NrdKUawmf &efukef wGif udk,fpm;vS,f½kH;cGJ zGifhvSpfcJhNyD; vlOD;a& oef; 60 cefY&Sdonfh jrefrm EdkifiHwGif touftmrcHrsm; a&mif;cs&ef pDpOfvsuf&SdaMumif; od&onf/ uae'gEdkifiHtBuD;qkH;touftmrcH ukrÜPDjzpfonfh Manulife onf jrefrm EdkifiHodkY 1903 ckESpfuyif 0ifa&mufcJhNyD; jzpfNyD; 'kwd,urÇmppftNyD; 1942 wGif xGufcGmoGm;jcif;jzpfonf/ jrefrmEdkifiHwGif 2020 a&mufonfh tcg tv,ftvwf0ifaiG&Sdol ESpfq wdk;jr§ifhvmEkdifaMumif; Boston Consulting Group avhvmcsuft&od&jyD; 0ifaiGenf;rdom;pkrsm;taejzifh tmrcH rsm; 0,f,lvmEdkifaMumif; cefYrSef;xm; onf/tqdkygcefYrSef;csufonf tm&SzGHUYNzdK; a&;bPfrS cefYrSef;xm;onfh ,ckESpf twGif; 7 'or 8 &mcdkifEIef;ESifh aemuf ESpfrsm;wGif tqdkyg EIef;&Sdonfh tm&S GDP tjrifhqkH;EIef;vnf;jzpfaMumif; od&onf/ jrefrmtpdk;&taejzifh EdkifiHtm; &if;ESD; jr§KyfESHrIvkyfaqmifEdkifonfh EdkifiHtjzpfodkY ykHazmfvsuf&SdNyD; aiGvJEIef;rsm;tm; wnfNidrfapjcif;? A[dkbPftm; vGwf vyfpGm&yfwnfapjcif;? tcGefrl0g'rsm; ajymif;vJjcif;? &efykHaiGrsm;tm; vlrIa&; ESifh tajccHtaqmufttHkrsm;wGif tokH;csjcif;ESifh b@ma&;u@wGifwdk; wufapjcif;wdkYudkvkyfaqmifcJhonf/
  9. 9. June 5-11, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 9 Myanmar Summary Contd. P 6... Contd. P 6... w&kwfESifh xkdif;&eHUrsm;qkH&mwGifwnf&Sd jyD; India taMumfeHUrsm;ESifhwGJzufae onfhjrefrmh[if;vsmrsm;onfEdkifiHrwl uGJjym;rItm;xif[yfjyovsuf&Sdonf/ &efukefonfvlOD;a&6oef;ausmfaexdkif vsuf&SdonfhjrdKYawmfMuD;wpfckjzpfjyD;EdkifiH jcm;om;aexdkifolvlOD;a&rSmvnf;wdk;yGm; vsuf&Sdonf/ oDtdk&Dt&&efukeftdrfeD;csif;rsm;uJhodkY tpm;taomufqdkif&m,SOfjydKifrIrsm; &SdaeonfhwdkifbefaumufESifhpuFmylwdkY atmuf aemufaumufusvsuf&Sdonf/ &efukefjynfwGif;jrefrmh[if;vsmrsm; onfa'owGif;EdkifiHrsm;ESifhrwlnDonfh t &omay;pGrf;EdkifjyD;xl;uJaumif;rGefvS onf/ vrf;ab;tpm;tpmrsm;onf xdkif;EdkifiH uJhodkYoefY&Sif;rIwGifpHcsdefpHnTef;rsm;ESifh udkufnDrIawmhr&Sdacs/ jynfwGif;rD'D,m rsm;a&;om;rIt&prf;oyfxm;onfh t pm;tpmrsm;okH;ykHwpfykHwGif tvGefab; rsm;onfh bufwD;&D;,m;rsm; yg0ifaejyD; tpmtqdyfaqmufjcif;? aoqkH;jcif;rsm; txdyg jzpfEdkifaMumif; azmfjyxm;onf/ jrdKYawmfaeEdkifiHjcm;om;rsm;ESifhajymqdk Munfhonfhtcg4if;wdkYtrsm;pktaejzifh jynfwGif;tpm;taomuf trsm;pkonf qDrsm;vGef;jcif;? iefvGefjcif;ESifh t&omr aumif;jcif;rsm;cHpm;&aMumif;awGY&Sd& onf/ rdrdar;cJhonfholwpfOD;qdkvQif jrefrmt pm;tpm;awGu t&om tqdk;MuD;awmh r[kwfbl;/ 'gayrJhteHYt&omuawmh EdkifiHjcm;om;awGtwGuf tqifrajybl;/ [kajymMum;cJhonf/ tqdkygjyoemrSm&efukefwGiftcsdefum vwpfcktxdwdk;umaexdkifol EdkifiHjcm; Getting A “Reasonable” Lunch: Yangon’s Western Restaurant Scene L ocated at the meeting point between the deli- China and Thailand and the the diversity of the nation it- self. Yangon is a cosmopolitan metropolis, home to some six million inhabitants and an ev- er-expanding expatriate com- munity. Theoretically it should have a culinary scene to rival that of her neighbours, yet lags far behind cities like Bangkok and Singapore in gastronomic reputation. Though Yangon’s local Bur- mese cuisine can be excep- tionally good, it is undeniably more of an acquired taste than that of neighbouring countries. Street food is often not of the same standard or cleanliness of neighbouring Thailand. In fact, local media reported this year that one third of food samples tested contained traces of dan- gerous bacteria that can cause food poisoning at the very least, or even death if symptoms were left untreated. Having spoken with a number of the cities expatriate commu- nity, it was made clear that many found local cuisine too oily, salty or simply unpleasantly tasting. Or as how one of my interviewees colourfully put it, “Burmese food doesn’t exactly taste bad, it just looks like something that belongs in the toilet, and can smell even worse.” This can be a problematic sce- nario, especially for those resid- ing in Yangon for an extended period of time. Though one can readily get a local meal for less than K5,000, and in many cases much less, it remains to be seen what Western cuisine is attain- able at these prices. It is fair to say what is on of- fer has a reputation for being on the expensive side and often of questionable quality and au- thenticity. Much alike the cities hospitality industry, there are some very good high-end res- taurants, though it remains to those on a more modest budget. This article aims to identify the available options for those Jonathan Harvey wanting a change from the ubiquitous local fare by identi- fying if one can eat a Western- style lunch (main course and drink) for K5,000 in downtown Yangon. “Western” is of course a very broad term, generally food from Europe and the US and certainly not from the tri- umvirate of bordering nations that hold such dominance on Yangon’s restaurant scene. In compiling this report I - rants in Yangon in addition to speaking with numerous expats to provide a balanced picture of the available Western culinary scene available to Yangon’s ex- pat population. Many of the people I spoke with complained of the dif- - formation. Aisha, a twenty two year old teacher from London revealed: “With the exception of websites like Myanmore and Yangonite that do a pretty good job reviewing a number of res- taurants, I have to rely on my outdated Lonely Planet, or the tripadvisor where results are all too easy to manipulate. access good English language information on the vibrant culi- Findings After compiling my research I was surprised to identify a a lunch option accessible for K5,000 or less. misleading, as they suggest that it is relatively easy to get a Western lunch for this price. It is not. Six of the eleven eater- ies where this is possible were sandwich or Panini and drink but not a full meal, which were generally more expensive. Some townships are undoubt- edly more expensive than oth- ers; the south-central area of Dagon is one of Yangon’s largest and most expensive townships. Seven of the eight eateries sampled in this neigh- bourhood were too expensive to obtain a reasonable lunch, although Fatman Steakhouse was particularly good and sur- rental costs and a wealthy expat more expensive areas of Yan- gon where cheap eating options are sparse regardless of cuisine. - ern lunch in Yangon for K5,000 American-style fast food estab- lishments might be your best bet. Korean-owned Lotteria for instance was cheaper than BBQ Chicken (where meals start up- wards of K5,000) yet was still relatively expensive. If one or- rice as opposed to French Fries chicken burger meal from Lot- teria costs more than K5,000. Malaysian-owned Harley’s pro- vides another option at similar prices, and is set to open more outlets this year. The remaining options were: - taurant newly opened by a British expat near Inya Lake. Here one could eat relatively good price; Sai’s Tacos, a Mexi- but uninspiring Mexican fare in small portions; and Ice Berry, which has a few outlets dotted around the city. Although not strictly Western, Ice Berry pro- vides very reasonably priced quality. Some are pretty good replication of authentic Italian dishes (seafood creamy pasta for instance) whilst other items though cheap are sadly lacking particular. Pizza was a uniformly lavish item often retailing for in ex- cess of K10,000, though this is not entirely surprising as cheese can be so expensive. If one sought something other than “fast food” they would be sorely disappointed, good qual- ity Western food is a rarity in restaurants in the city or the hotels, would command simi- lar prices to Europe with some restaurants charging in excess of K100,000 per head. Even at more modest establishments you would be lucky to eat a good lunch for under K15,000. As my knowledge of much of downtown is restricted, one “ As many restaurants cater to the higher end of the economic spectrum there is little necessity to charge cheap prices, as demand will be high regardless.”
  10. 10. June 5-11, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 10 Myanmar Summary OoredooMyanmar Launches Start-Up Incubation Programme IdeaBox to provide entrepreneurs with facilities, mentoring and start-up capital O oredoo Myanmar has incubation programme in a bid to enable the country’s start-ups to kick start their ven- The IdeaBox programme seeks to identify start-up com- panies with a business concept - month of incubation and accel- mentoring and guidance, as well as start-up capital of up to $100,000. Ross Cormack, CEO of Oore- doo Myanmar, said: “Across our markets, local entrepre- neurs are developing innovative ICT programmes and mobile apps, but often do not have the resources to bring these to mar- ket or scale their solutions.” He said the program will pro- vide expertise, funding and exposure to develop entrepre- Phyu Thit Lwin Toyo-Thai Plans $2.7-b Coal Power Plant in Myanmar T hailand-based Toyo- Thai Corp is in talks to invest $2.7 billion in power plant in Myanmar’s southeastern Mon state. The engineering procurement and construction contractor ex- third quarter, said vice presi- Surattana Trinratana, accord- ing to Thai media reports. The work on the plant will start as soon as possible after the Myanmar government ap- proves the project, he said. The company recently signed a deal for a project loan worth $100 million from the Export- Import Bank of Thailand to de- velop a 120MW combined-cycle gas-turbine project in Ahlone township, Yangon. This project from the Myanmar govern- ment. The Ahlone project’s con- struction began in 2012 on a total investment of $170 mil- lion. Partially completed with a capacity of 80MW, this project is already providing electricity to the township and is expect- Aye Myat ed to contribute $10 million in revenue to Toyo-Thai Power this year. The remaining 40MW capacity will come online next year. Toyo-Thai Corp is a joint ven- Toyo Engineering Corp and Thailand’s largest construction company, Italian-Thai Devel- opment. neurialism at the grassroots level. “We aim to support local developments, and to provide inspiring role models of success to encourage human growth through innovation, with the potential to impact millions of lives across our markets.” - gramme recognises that time and focus is often a barrier to start-up success and will enable young Myanmar entrepreneurs to focus 100 percent of their time and energy on their new ventures. IdeaBox aims to incubate am- bitious companies with plans to use technology and increased mobile penetration to build scale quickly and achieve $100 million valuations, it added. All interested start-ups can apply via www.ideabox.com. - cessful start-ups to be an- nounced on June 27. Ooredoo said. Myanmar Summary Myanmar Summary Ooredoo jrefrm IdeaBox ESifh ywfoufaomtao;pdwftcsuftvuf rsm;udk xkwfjyefay;vdkufNyD[k od&onf/ Ooredoo jrefrm 3G uGef&uf xdk; azmufrIrSaeítusKd;tjrwfrsm;&,lEkdif rnfjzpfaom vkyfief;opfrsm;udk þ tpDtpOfrS &SmazGjyD; pD;yGm;a&;vkyfief; pOfrsm; aqmif&GufrnfjzpfaMumif; od& onf/ axmufyHhay;rnfhtultnDrsm;rSm av;vrS ajcmufvMum tm;jznfhjcif;? t&Sdeft[kef jr§ifhwifjcif;? ½kH;cef;ae&m? enf;ynmoifMum;vrf;ñTefay;rIESifhtwl tar&duefa':vmwpfodef;txd rwnf ay;rnfht&if;tESD;rsm;jzpfaMumif; od& onf/ vkyfief;opfrsm; atmifjrifa&;wGif uefYowfwm;qD;rSkrsm;jzpfonfhtcdsefESifh tm½kHpl;pdkufrIudktjynfht0toHk;csEkdifa&; twGuf jrefrmpGefYOD;wDxGifvli,frsm;udk tqdkygtpDtpOfuulnDay;rnfjzpf aMumif; od&onf/ xdkif;EdkifiHtajcpdkuf Toyo-Thai Corp onf jrefrmEdkifiHawmifydkif; rGefjynfe,f wGif r*¾g0yf 1280 xGuf ausmufrD;aoG; okH;"gwftm;ay;puf½kHwnfaqmuf&ef twGuf tar&duefa':vm 2 'or 7 bDvD,H &if;ESD;jr§KyfESH&ef aqG;aEG;vsuf&Sd aMumif; od&onf/ tif*sifeD,mvkyfief;rsm;ESifhaqmuf vk yfa&;uefx½dkufrsm;taejzifhtqdkyg oabmwlnDcsuftm;wwd,okH;v ywftwGif;tNyD;owfqkH;jzwfEdkifrnf[k arQmfvifhvsuf&SdaMumif; Surattana Trinratana rS ajymMum;xm;aMumif;? tqdkygukrÜPDtaejzifhrMumao;rDu xdkif;EdkifiH the Export-Import Bank rSa':vmoef; 100acs;,lum r*¾g0yf 120xGuf&Sdrnfh"mwftm;ay;puf½kHwnf aqmuf&efoabmwlnDcJhaMumif; od&Sd &onf/ jrefrmEdkifiHvTwfawmftaejzifhA[kd bPfxHrSpdkufysdK;a&;acs;aiGtaejzifhusyf bDvD,H500acs;,lumynma&;0efMuD; XmetwGufurmhbPfrSmtar&duef a':vmoef;20acs;,l&eftwnfjyKcJh aMumif; od&onf/ odkYaomf ygvDreftaejzihf pdkufysdK;a&;ESifh qnfajrmif;0efMuD;XmerSacs;aiG tar&duefa':vm 126 oef; acs;,lrnfh tpDtpOftm;tqdkyg pDrHudef;ae&mwGif tjiif;yGm;zG,f&mrsm;&SdaeonfhtwGuf twnfjyKjcif;rjyKaMumif;ol&OD;a&Tref;rS ajymMum;cJhonf/ Parliament Okays $520-m Agri Loan Plan M yanmar’s parliament has approved a plan to borrow an agricultural loan of K500 billion ($520 mil- lion) from the central bank and $20 million from the World Bank for the Ministry of Educa- tion. However, the Parliament did not approve a proposal from the Ministry of Agriculture and Ir- Aung Phyo from the International Fund for Agricultural Development (IFAD) due to a controversy over the proposed project sites, Speaker Thura U Shwe Mann told the Parliament. While lawmakers agreed with the proposal in principle, the Speaker decided to shelve it due to a lack of clarity over project locations. The parliament also passed the 2014 writ petition bill and decided to continue discussion about the anti-terrorism bill on 10th session last Wednesday. At the session of the Lower House, discussions were made on the Standardisation Bill which will be put forward to the parliament, while at the Upper House session, Deputy Minister of Electric Power U Aung Than Oo answered questions on dis- tribution of electric power. More than 50 bills will be open for discussion during the ongoing session. Ooredoo’s upcoming telecoms network. JeffRoberson/AP. UAung/Xinhua
  11. 11. June 5-11, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 11 Myanmar Summary Myanmar Summary Myanmar Summary Myanmar Summary Sunlabob, Relitec Tie Up for Myanmar Solar Projects L aos-based rural renew- has forged a partnership with local energy company Re- litec for solar PV projects in My- anmar, the company said. “This partnership is an impor- tant step for both Sunlabob and Relitec to provide high-quality renewable energy solutions to Myanmar, a country greatly in - ergy,” said Sunlabob chief ex- ecutive Andy Schroeter. “Sunlabob’s experience im- - newable energy throughout the developing world will comple- ment Relitec’s on-the-ground knowledge of the local Myan- mar market.” - anmar’s population have access to grid-connected electricity in Aye Myat Myanmar while estimates sug- gest only 4 percent of the rural population has electricity. “Myanmar is just seeing the tip of the iceberg for solar en- ergy’s potential,” said Than Aye, Relitec’s managing direc- tor. “We are excited to be well- positioned to meet the upsurge of solar activity.” Relitec, which is based in Yan- gon and specialises in engineer- ing, installation and the opera- tions and maintenance of solar technology, has already tackled Myanmar and will bring valua- ble local knowledge to the table, Sunlabob said. Western Union Expands Business in Myanmar A merican payment ser- vices provider Western Union has expanded its remittance business in Myan- mar through nine local banks, the company said. The announcement, which co- incided with the company’s one- year anniversary celebrations in Myanmar early this month, marked a sharp increase in the number of agents from 100 in key commercial towns to 460 across the country. Western Union is one of the companies to provide service in Myanmar, paving the way for formalised international money transfers after sanctions were eased in 2012. Phyu Thit Lwin just over 100 Agent locations in the key commercial towns, the Western Union money transfer service is now available at over 460 Agent locations across My- anmar, making it the largest international money transfer network in the country. Chin State, a mountainous - cult-to-access states in Myan- latest state to be covered with Western Union’s international service in collaboration with Cooperative Bank. The recent signing of Yoma Bank as Western Union’s ninth agent in Myanmar will add over 50 locations, linking consumers with over 500,000 locations in over 200 countries and territo- ries, the money transfer com- pany said. Thida Myo Aung, deputy di- rector general, Financial Insti- tution Supervision Department, Central Bank of Myanmar, said: “Myanmar has made great strides over the past two years. Our own journey to prosperity has been made possible thanks to companies like Western Un- ion.” Last year, the Western Union Company completed 242 mil- lion consumer-to-consumer transactions worldwide, mov- ing $82 billion of principal be- tween consumers, and 459 mil- lion business payments.t U Chan Thar Oo from Rice Enterpreneurs’ Association of Muse told Myanmar Business Today. “Rice exports via border trade have always been our strong point. But we have to expand our international market and for that we need to improve the quality of our rice,” a high rank- Commerce said. Currently, Myanmar has only a few rice mills that produce high quality rice. Most rice mills rice, which is a lower grade of rice and not favoured for ex- ports in the EU or Japan. exported 684,698 tonnes of rice, earning $274.86 million where overseas trade account- $106.79 million. Myanmar received $2.21 bil- lion in foreign investment in with transport and communica- tions sectors leading the pack manufacturing, real estate, ho- tel and tourism, and mining. The total foreign investment in Myanmar reached up to $46.48 billion as of April. My- vmtdktajcpdkuf jynfhNzdK;NrJpGrf;tif ukrÜPD Sunlabob taejzifh jrefrmEdkifiH wGif aepGrf;tifokH; PV pDrHudef;rsm; vkyfaqmif&eftwGuf jynfwGif;ukrÜPD Relitec ESifh yl;aygif;vdkufaMumif; tqdkyg ukrÜPDrS ajymMum;vdkufonf/ jrefrmEdkifiH vlOD;a& 30 &mcdkifEIef; atmufom BudK;csdwfvQyfppfqufoG,f a&;&&SdjyD; a0;vHa'orS vlOD;a& 4 &mcdkifEIef;om vQyfppf&&SdaMumif; od&Sd& onf/ &efukefNrdKUwGif tajcpdkufonfh Relitec taejzifh tif*sifeD,mvkyfief;? wyfqif jcif;ESifh aepGrf;tifenf;ynm tokH;jyK um vkyfudkifjcif;? jyifqifjcif;rsm;vkyfudkif vsuf&Sdonf/ ,ckESpfb@ma&;ESpf {NyD 25 &ufaeY txd qefwifydkYrIrSm pkpkaygif;wefcsdef 27691 'or 555 &SdcJhNyD; ydkYukef&aiG wefzdk;rSm pkpkaygif;tar&duefa':vm 10 'or 743 oef; &&SdcJhaMumif; pD;yGm; a&;ESifhul;oef;a&mif;0,fa&;0efBuD;Xme pm&if;Z,m;rsm;t& od&onf/ 2014-2015 b@ma&;ESpfp {NyD 25 &ufaeYtxd qefwifydkY&mwGif yifv,f a&aMumif;rS qefwefcsdef 5069 'or 870? ydkYukef&aiG uefa':vm 1 'or 862 oef;&&SdcJhNyD; e,fpyfrSwifydkYonfh qefwefcsdef 22621 'or 685 twGuf uefa':vm 8 'or 881 oef;&&SdcJh onf/ tvm;wl NyD;cJhonfh 2013-14 b@m a&;ESpftp {NyD 25 &ufaeYtxd qef wifydkYrIrSm yifv,fa&aMumif;rS qef wefcsdef 8645? ydkYukef&aiGwefzdk;rSm uefa':vm 3 'or 113oef;&SdcJhNyD; e,fpyfrS qefwefcsdef 12181 'or 666? ydkYukef&aiGwefzdk;rSm 5 'or 403 oef;&&SdcJhonf/ jynfyodkYqefwifydkY&mwGif e,fpyfzuf rS t"duwifydkYrIrsm;NyD; yifv,fa& aMumif;wifydkYrIrSm enf;yg;aMumif;? ,if;odkY enf;yg;&jcif;rSm yifv,fa&aMumif;wifydkY aomEdkifiHrsm;rSm t&nftaoG;jynfhrDa&; udk t"duxm;NyD; wef;jrifhqeftrsKd;tpm; udkom 0,f,ljcif;aMumifhjzpfonf/ ]]e,fpyfawGu a&mif;tm;ydkaumif; w,f/yifv,fa&aMumif;u a&mif;tm;us w,f/ urÇmhqef0,fvdkrIu wufaerSm yJ/ odkYaomf t"dut&nftaoG;edrfhwJh qefr[kwfbJ t&nftaoG;jrifhwJh qef udkwifydkYEdkifatmif BudK;pm;&r,f}}[k pD;yGm; ul;oef;0efBuD;XmerStqifhjrihft&m&Sd wpfOD;u ajymonf/ jrefrmEdkifiHwGif wef;jrifhqefxkwfvkyf Edkifonfhpufta&twGufrSm vuf&Sdtcsdef txdvGefpGmenf;yg;vsuf&SdonfhtwGuf qefpufrsm;rSxGuf&Sdaom qeft&nf taoG; 84 &mcdkifEIef;rSm tusKd;taMu 25 &mcdkifEIef;yg0ifaomtrsKd;tpm;rsm; omjzpfNyD; 16 &mcdkifEIef;cefYom wef;jrifh qef wifydkYxkwfvkyfEkdifaMumif; od&onf/ rlq,fe,fpyfukefoG,fa&;pcef;rS wpf&ufvQif yHkrSeftm;jzifh tdwfa& 45000 rS 5000 tMum; t0if&SdNyD; qeftrsKd;tpm;taejzifh aEGqefrsm;jzpf NyD; aEGoD;xyf? ipdefqeftrsKd;tpm;rsm; yg0ifaMumif;? w½kwfEdkifiHtaejzifh ,leef jynfe,fonf vlOD;a&rsm;onfhtwGuf aeYpOfvdktyfcsufrsm;&SdaeNyD; t"du AD,uferfe,fpyfrS t0ifenf;ygu jrefrm zufrSydkí0,fvdktm;&SdaMumif; jrefrm EdkifiHqefpyg;vkyfief;(rlq,f) OD;csrf;omOD; u ajymonf/ NyD;cJhonfh 2013-2014 b@ma&; ESpfwGif qefwifydkYrIrSm e,fpyfrS qef wefcsdef 684698? ydkYukef&aiGwefzdk; uefa':vm 274 'or 856 oef;&SdcJhonf/yifv,fa&aMumif;rS qef wifydkYrIrSm 381716 wef? ydkYukef&aiG wefzdk;rSm 106 'or 791 oef;&SdcJhonf/ tzGJU0if 13 OD;&Sdonfh jrefrmEkdifiH&if;ESD; jr§KyfESHrIaumfr&Siftaejzifh b@ma&; 0efBuD;OD;0ef;&Sdef Ouú|ae&mwGif pGrf;tif 0efBuD;Xme 0efBuD; OD;aZ,smatmiftm; Ouú|tjzpfxm;um jyefvnfzGJUpnf;cJhjcif; jzpfonf/ tar&duefaiGay;acsa&;vkyfief; Western Union vkyfief;rsm;tm; jrefrmEdkifiH&Sd jynfwGif; bPf udk;ckESifh csdwfqufvkyfudkifvsuf &SdaMumif; tqdkygbPfrSajymMum;cJhonf/ tqdkygxkwfjyefcsuftm; ,ckvtapm ydkif;wGif usif;ycJhonfh ukrÜPD jrefrm EdkifiHwGifvkyfudkifrI wpfESpfjynfh tcrf; tem;wGif ajymMum;cJhjcif;jzpfNyD; jynfwGif; pD;yGm;a&;NrdKUawmfrsm;wGif at;*sifh 100 rS 460 txd EdkifiHwpf0Srf; wdk;yGm;vm aMumif; od&onf/ Western Union onf jrefrmEdkifiHwGif yxrqkH;pwif0ifa&mufvkyfudkifonfh urÇmhaiGvGJukrÜPDwpfckjzpfNyD; 2012 ckESpf pD;yGm;a&;ydwfqdkYrIrsm; ajzavsmhcsdefrS pwif cJhonf/ ShannonStapleton/Reuters Reuters anmar enacted a new Foreign Investment Law in November 2012 and the MIC was formed in 1994.
  12. 12. June 5-11, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 12 Myanmar Summary ReformsinMyanmar:MakingTheNextAsianMiracleMyanmar’s reforms are lifting the economic outlook for one of Asia’s economic laggards as indicators show prospects for an economic boom F or decades, Myanmar was the regional basket case as irrational policies, iso- wrought havoc on the economy and society. At independence in 1948, the outlook seemed bright. The country had one of the best education systems in the region, it was integrated with world markets through the port of Rangoon, and possessed ample natural resources and a - ministrative system. All of these advantages were spoiled during decades of authoritarian rule. Resources degenerated over - ularly through declining quality of education and infrastructure - ity. Economic reforms in Myan- mar were actually initiated be- fore the country’s political re- forms. And while many of the early economic initiatives pri- marily served to enrich cronies - sets, there were also important policy shifts. Even before the 2010 elections, macroeconomic policies had improved. A key indicator of improved manage- ment is the stabilisation of in- achievement in a country where spells of rapid price increases used to be the norm. Infrastructure developments during military rule largely served strategic purposes, and wasteful investments expand- ing railways to remote upland areas have given no sustained economic return. But there were improvements in physical infrastructure developments in the decade before 2010 as focus was shifted to improving the links to markets in neighbour- ing countries. Administrative barriers to both domestic and internation- al trade remain, but abolition of the restrictive trade regime and in 2012 have produced impres- sive export growth. Resource- based commodities, primar- ily natural gas and minerals, are leading Myanmar’s trade growth. The country’s loca- tion between the expanding economies of China, India and mainland Southeast Asia not only provide opportunities for transit trade but are also ad- vantageous for supplying these resource-hungry markets with commodities. Anders Engvall The rural economy is going through a rapid transforma- tion as exports of rice, beans and other agricultural com- modities expand. Rice exports - marily fuelled by cross-border trade with China, and are set for more rapid growth this year. Rural development is not only - nities in agricultural exporting, which had been prohibited for decades, but also from impor- tant policy shifts giving farmers freedom to decide which crops to grow. Rural credit remains scarce but expansion of state credit to farmers at favourable rates has increased. Land law reforms may provide additional relief as farmland will be eligi- ble as collateral, opening up for increased private credit to the agricultural sector. It will be essential that policy- makers focus on spreading the population. Inclusive growth, alleviating widespread pov- erty and improved welfare, will build support for economic reforms and may also lay the foundations for solving the country’s long-running domes- Essential investments in healthcare and education will only be possible if the govern- ment is willing to commit a substantial share of its rev- enues from exports of gas, oil and minerals to the social sec- tor. This would be a dramatic change from the past, when in- come from extractive industries was used to fund the bloated armed forces, the construction of the new capital, Nay Pyi Taw, and other projects of limited so- Remaining weaknesses in macroeconomic management are also a threat to long-term developments. Sustained in- export revenue and foreign aid risk making the overvaluation of the kyat permanent, and should be managed carefully. A short decline in the currency provided important relief to exporters. But there is no in- dication that the authorities will continue to bring down the strong currency, due to fears of that was common in the past. The currency rate continues to constrain the development of manufacturing, and, while this obstacle remains in place, ef- forts to set up industrial zones will be futile given Myanmar’s cost disadvantages compared to the main East Asian production bases. Still, the reforms in Myanmar to date have led to a conver- gence of growth rates in Myan- mar to the East Asian average. If remaining weaknesses are addressed, there is scope for further acceleration and that would turn Myanmar into the latest Asian economic miracle. Anders Engvall is a research appeared in the East Asia Fo- in Asia”. East Asia Forum is a platform for analysis and re- search on politics, economics, business, law, security, inter- national relations and society relevant to public policy, cen- Based out of the Crawford - sity, the Forum is a joint initia- tive of two academic research - reau of Economic Research Bureau of Economic Research “ Inclusive growth, alleviating widespread poverty and im- proved welfare, will build sup- port for economic reforms and may also lay the foundations for solv- ing the country’s long-running domes- tic conflicts.” q,fpkESpfrsm;pGmwdkif jrefrmEdkifiHtae jzifh rl0g'rwnfNidrfrI? wpfEkdifiHwnf; txD;usefjzpfrIESifh jynfwGif;rNidrfoufrI rsm;aMumifh pD;yGm;a&;ESifh vlrIa&;pHEIef; rsm; usqif;um a'owGif;wGif rsufESm i,fpGmjzifhjzwfoef;cJh&onf/vGwfvyfa&; pwif&&SdcJhonfh 1948 wGif wdk;wuf vmrnf[k cefYrSef;cJhonfh jrefrmEdkifiH onf wpfcsdefu a'owGif;taumif;qkH; ynma&;pepf&Sdonfh EdkifiHwpfckjzpfcJhNyD; &efukefqdyfurf;rSwpfqifhurÇmhaps;uGuf odkY csdwfquf&m ae&mwpfckvnf;jzpfcJh um o,HZmwayg<u,f0onfh aumif;rGef onfhtkyfcsKyfa&;pepf&SdonfhEdkifiHwpfEkdifiH jzpfcJhonf/tqdkygaumif;uGufrsm;rSm q,fpkESpfrsm;pGm tmPm&Sifpepfvuf atmuf aexdkifNyD;aemufwGif ,dk,Gif; ysufpD;cJhonf/ q,fpkESpfrsm;pGm t&if; tjrpfedrfhuscJhNyD;aemuf ynma&;ESifh tajccHvdktyfcsufrsm; ysuf,Gif;vmcJhNyD; ukefxkwfpGrf;tm;rsm; usqif;vmcJhonf/ jrefrmEdkifiHpD;yGm;a&;jyKjyifajymif;vJ rIrsm;rSm EdkifiH EdkifiHa&;jyKjyifajymif;vJ rIrsm; rpwifrDuyif pwifcJhjcif;jzpfonf/ c½dkeDrsm;taejzifh tapmydkif;pD;yGm;a&; zGHUjzdK;pumvwGif EdkifiHht&if;tjrpfrsm; tm; a&mif;csum csrf;omvmcJhMuaomf tajymif;twGuff ta&;ygonfhae&mwGif &Sdaeonf/ 2010 a&G;aumufyGJrwdkifrD rSmyif EdkifiHtqifhpD;yGm;a&;rl0g'rsm;tm; jr§ifhwifcJhonf/ pDrHcefYcGJa&;wGif t"du jr§ifhwifEkdifcJhrIrSm 2008-09 twGif; jrifhwufcJhonfh aiGaMu;azmif;yGrItm; 10 &mcdkifEIef;wGif wnfNidrfatmif xdef; xm;Edkifjcif;jzpfonf/ ppftpdk;&vufxuf tajccHtqmuf ttHkzGHUjzdK;a&;aqmif&Gufcsufrsm;onf enf;AsL[mt&omjzpfNyD; a0;vHtxuf ydkif;e,fajrrsm;odkY &xm;vrf;wdk;csJUjcif; uJhodkYaom &if;ESD;jr§KyfESHrIrsKd;onf pD;yGm; a&;twGuf0ifaiGjyefvnf&Sm,lEdkifjcif;r&Sd onfh &if;ESD;jr§KyfESHrIrsm;jzpfonf/odkYaomf tqdkyg 2010 rwdkifcif q,fpkESpf twGif; tdrfeD;csif;EdkifiHrsm;ESifhqufoG,f Edkifrnfh awmif-ajrmufvrf;aMumif;twGif; wGif wdk;wufrIrsm;&SdvmcJhonf/ jynfwGif;ESifhtjynfjynfqdkif&ma&mif; 0,fa&;wGif tkyfcsKyfa&;qdkif&m twm; tqD;rsm;&SdEdkifaomfvnf; 2012 ckESpf twGif; ukefoG,fcGifhrsm; ajzavQmhjcif; ESifh aiGaMu;vJvS,fEIef;wnfNidrfapjcif; wdkYu tHhtm;oifhzG,f&m ydkYukefjrifhwufrI udkjzpfapcJhonf/t&if;tjrpftajcjyK xkwfvkyfa&;? obm0"mwfaiGUESifhowåK wGif;xGufrsm;u jrefrmEdkifiHukefoG,f a&;wdk;wufrItm; OD;aqmifvsuf&Sdonf/ EdkifiH w½kwfESifhtdE´d,tMum; wnf&Sd aerIESifhta&SUawmiftm&Sukef;wGif;ydkif; tm; ukefpnfpD;qif;apEdkifrI?t&if;tjrpf &&Sdvdkonfhaps;uGufrsm;tm; axmufyHh ay;EdkifrIwdkYu jrefrmEdkifiHukefoG,frItm; wdk;wufapvsuf&Sdonf/ Infrastructure developments during military rule largely served strategic purposes, and wasteful investments expanding rail ways to remote upland areas have given no sustained economic return. But now Myanmar is seeing improvements in physical infrastructure developments. OliverSlow/Files
  13. 13. June 5-11, 2014 Myanmar Business Today mmbiztoday.com REGIONAL BIZ 13 If Thailand’s political trouble persists, it risks losing market share to countries such as Malaysia, the Myanmar Summary Myanmar Summary Myanmar Summary SemenIndonesiaEyes AcquisitioninBangladesh I ndonesia’s largest cement maker, PT Semen Indone- sia, plans to acquire a ce- ment company in Bangladesh, said CEO Dwi Soetjipto. The acquisition target owns factories with 600,000 tonnes and 1 million tonnes annual production capacities, he said. The two companies are in deal by the end of this year or by early 2015, Filipino media reported. it had agreed to buy a minor- ity stake in a cement maker this year in Bangladesh’s neigh- bouring Myanmar. “At the moment we can only enter with minority control, so ownership,” Soetjipto told re- porters in Jakarta. Wai Linn Kyaw Soetjipto said the stake is declined to name the Myan- mar company involved in the deal, but said it has an annual production capacity of up to 1.5 million metric tonnes. CorruptionCrackdown T he deputy director of China’s National Energy Association (NEA), who was under investigation for tak- ing bribes, has been sacked as a crackdown on the power body widens, state media reported. Xu Yongsheng was placed under investigation two weeks ago, one of a series of probes into the energy sector. agency reported on its micro- blog account that Xu had been Wang Jun, head of the NEA’s renewable energy department, Hao Weiping, director of the nuclear power department, and Wei Pengyuan, deputy director of the coal department, are un- der investigation, Xinhua has said. Aung Phyo President Xi Jinping has tar- geted the energy sector as part of a wider campaign to weed out pervasive graft that began when However, the anti-corruption drive has also enabled Xi to weed out powerful opponents - cials. The ruling Communist Party’s anti-graft watchdog said earlier this month it was conducting inspections at Power Construc- tion Corp and state-controlled power equipment maker China XD Group. In March, the chairman and the president of Three Gorges Corp., the company that built the $59-billion project for the world’s biggest hydro-power scheme, stepped down. They have not been accused of any wrongdoing. vmbf,lrIjzifh pkHprf;ppfaq;jcif;cH,lae &ol w½kwfEdkifiH National Energy Association (NEA) vufaxmuf ñTefMum;a&;rSL;tm; w½kwfEdkifiHEdkifiH a&;tmPmtuGJtNyJwpfcktjzpf&mxl;rS xkwfy,fvdkufaMumif;tpdk;&ydkifowif;pm rsm;wGif azmfjycJhonf/ Xu Yongsheng tm;pGrf;tifu@ wGifjzpfyGm;aeonfh jyóemrsm;teufrS wpfckjzpfonfhtqdkygudpötm;vGefcJhonfh ESpfywfu pkHprf;ppfaq;cJhjcif;jzpfonf/ tpdk;&ydkif Xinhua owif;Xmer Xu taejzifh&mxl;rSxkwfy,fjcif;cH&aMumif; a&;om;cJhonf/tjcm;t&m&SdokH;OD;jzpf onfh NEA rSjynfhNzdK;NrJpGrf;tifrStBuD; tuJ WangJun? EsLuvD;,m;pGrf;tif XmerSñTefMum;a&;rSL; HaoWeipingESifh ausmufrD;aoG;XmerSvufaxmufñTef Mum;a&;rSL; Wei Pengyuan wdkYonfvnf; ppfaq;rIcH,lae&aMumif;od&onf/ tif'dkeD;&Sm;tBuD;qkH;bdvyfajrxkwf vkyfol PT Semen Indonesia tae jzifh b*Fvm;a'h&SfwGif bdvyfajrukrÜPD wpfckESifhyl;aygif;&efpDpOfvsuf&SdaMumif; tqdkygukrÜPD trIaqmift&m&SdcsKyf Dwi Soetjipto rS ajymMum;cJhonf/ tqdkygukrÜPDESpfcktaejzifh yl;aygif;rI rsm;twGuf aqG;aEG;vsuf&SdNyD; ,ckESpf tukef(odkY)2015tapmydkif;wGifyl;aygif; &efarQmfvifhxm;aMumif;od&onf/ PTSemenIndonesiataejzifharv tapmydkif;uvnf;2014 ckESpfwGifjrefrm EdkifiHrSukrÜPDwpfck&S,f,mtenf;pk tm;0,f,l&efoabmwlnDcJhaMumif; xkwfjyef cJhao;onf/ CoupCrisisCouldCostThailandItsMedicalTourismCrown WoohaeCho/Bloomberg T hailand is in danger of losing its crown as the world’s top destination for medical tourism if foreign- ers looking for low-cost, qual- political unrest, especially at a time of growing competition from Asian rivals. The army seized power in a coup on May 22 after failing to prod bitter political rivals into a compromise to end six months of turmoil, prompting several governments to warn their citi- zens to think again before trav- elling to Thailand. Tourism accounts for 10 per- cent of the Thai economy and, of the 26.5 million people who visited last year, about 2.5 mil- lion came for medical reasons, including spa and healthcare from the Department of Export Promotion. About a third of those medi- cal tourists come from the Mid- dle East, another quarter from Southeast Asia and nearly 15 percent from Europe. Top-end Bangkok hospital Bumrungrad attracts a lot of patients from the Middle East Medical Group and Healthway Medical Corp in Singapore. It saw a 12 percent drop in foreign and an 18 percent fall in outpa- tients. “News of violence that leads to Khettiya Jittapong adverse travel advisories or per- ceptions of personal safety risks can cause some medical tour- ists to postpone their trips for treatment, hoping that condi- tions will soon improve,” Ken- neth Mays, senior director at Bumrungrad, said in an email to Reuters before the coup. - lion in revenue from medical growth of 15 percent a year over the past decade. That is clearly in danger, with arrivals at Bangkok’s interna- tional airport down 15 percent “Hospitals in Bangkok are particularly hard hit, as that’s the epicentre of the unrest, while those in Phuket and oth- er destinations are reporting downturns of 20-40 percent,” said Josef Woodman, CEO of Patients Beyond Borders, a consumers information about medical travel. It estimates Thailand, with health costs 50-75 percent low- er than the United States, for - making it the world’s top desti- nation. Bangkok Dusit, the country’s largest hospital group, has seen - cent in patients from the Mid- dle East this year and 7 percent fewer patients from the United States, although it has wel- comed 10 per- cent more from percent more from neighbour- ing Myanmar, where health- care is underde- veloped. If trouble per- sists, Thailand risks losing market share to countries such as Malaysia, the Philippines and India. The Philip- pines and South Korea are al- ready seeing more medical tourists from China, Russia and the Middle East in particular. Kim Kyung-joo of South Ko- rea Tourism Organisation’s Medical Tourism Department - land’s instability, noting that many Chinese tourists came for plastic surgery such as facelifts and nose jobs. Manila also thinks it is win- ning custom from Bangkok. “There is a spike in surgery for orthopaedics because of what’s happening in Thailand,” Phlip- pine Tourism Secretary Ramon Jimenez told Reuters, adding the travellers included Filipino- Americans coming home. Manila wants to promote niche markets in orthopaedics, eye surgery, dentistry and can- cer care, Jimenez said. The Kuala Lumpur Sports Medicine Center has seen an increase in foreign patients in the past four months but Eric - er, played down the impact of Thailand’s unrest, attributing it rather to promotions and good treatment. Singapore, with some of the best diagnostics and care in the world, is also a threat to Thai- land, said Woodman at Patients Beyond Borders, even if costs have risen for some years. Reuters urÇmhtaumif;qHk;usef;rma&;apmifh a&SmufrIrsm;udk &&Sdxm;onfh xdkif;EdkifiH twGuf vuf&SdjzpfyGm;vsuf&Sdonfh EdkifiH a&;qlyltHk<ursm;rsm;aMumifh pdk;&drfzG,f &mtaetxm;wpfck&SdaecJhNyDjzpfonf/ EdkifiHa&;qlyltHk<urIudk&yfwefY&ef xkdif; ppfwyfu arv 22 &ufwGif tmPm odrf;,lcJhNyD;aemufydkif; EdkifiHtoD;oD;rS tpdk;&rsm;u xdkif;EdkifiHodkY c&D;oGm;vmrI udk jyefvnfpOf;pm;&ef owday;cJhMuonf/ vGefcJhaomESpfu xdkif;EdkifiHodkY vma&muf cJhaomurÇmvSnfhc&D;onf26'or 5oef; teuf 2 'or 5 oef;onf usef;rma&; apmifha&SmufrItwGuf vma&mufcJhjcif; jzpfonf/aq;0g;ukorItwGuf c&D;oGm; rsm;oHk;yHkwpfyHkonf ta&SUtv,fydkif; a'orSjzpfNyD; usefav;yHkwpfyHkonf ta&SU awmiftm&SrSjzpfum 15 &mcdkifEIef;cefY onf Oa&myrSjzpfonf/
  14. 14. June 5-11, 2014 Myanmar Business Today mmbiztoday.com REGIONAL BIZ 14 Myanmar Summary After SAARC, Modi Must Look East A new government in In- dia, led by Prime Minis- ter Narendra Modi, bol- stered by a majority in the Lok Sabha, will be in a position to take bold initiatives in the do- main of foreign policy. An early signal of this is the invitation to South Asian Association for Regional Cooperation (SAARC) leaders to attend the swearing in ceremony. It is an adroit move with a strong potential to pay future dividends in India’s neighbour- hood policy. It is also, perhaps, Prime Minister Modi from a charismatic provincial leader to a global statesman. Prime Minister Modi will look ited several Asian countries as chief minister of Gujarat. This will give greater heft to India’s Look East Policy (LEP) which was India’s response to a uni- polar world, marked by the end of the Cold War and the demise of the USSR. The impetus for reworking India’s foreign policy emerged from the economic reforms and globalization of the Indian econ- omy. The expanding potential for India’s trade and investment with the dynamic Association of Southeast Asian Nations (ASE- AN) region, as well as the pes- simistic outlook for regional in- tegration of South Asia through SAARC, were added incentives for the LEP. In a sense it was harking back to India’s histori- cal links with Southeast Asia via maritime routes. A major share of global maritime trade goes Pinak Ranjan Chakravarty through the Strait of Malacca. Rampant piracy has been con- trolled and the India Navy has played an important role in this arena. India’s strategic interest in the Indian Ocean is to keep trade and commerce open, safe and inclusive. South China Sea is worrying for all countries, with China laying claim to disputed islands and virtually the whole of South China Sea as its territorial wa- ters will pose a challenge to the LEP. India is encouraging all claimants to the disputed islands to maintain peace and Convention on the Law of the Sea (UNCLOS) and ASEAN’s Code of Conduct. The need to balance China’s rapid rise, by inviting and facilitating a stronger engagement of India and others with the region, was a strong motivation for ASE- AN’s reciprocating positively to India’s LEP. The core of India-Southeast/ East Asia relationship is the India-ASEAN equation. Beyond ASEAN, the East Asia Summit (EAS) has emerged as the larger institution, with ASEAN as its driver and hub. It includes not only ASEAN member states but also China, Japan, South Ko- rea, India, Australia and New Zealand, Russia and the USA. Besides, India is a member of Asia-Europe Meeting (ASEM) and is also interested in joining eration (APEC). Trade and investment, two important pillars of the LEP, have registered steady growth. India’s trade with ASEAN has gone up from $2.9 billion in Free Trade Agreement (FTA) in goods in 2010. The aim is to Free Trade Area (FTA) is to be established. It will be one of the world’s largest markets of 1.8 billion consumers with a com- bined GDP of $2.8 trillion. Physical connectivity remains a very important aspect of the LEP. The India-Myanmar- Thailand Trilateral Highway is would establish seamless ter- ritorial connectivity. India is a party to the ambitious Trans- Asian Railway project. Myan- mar is not yet linked by railway to India or Thailand. A 180km segment from Assam to Moreh via Imphal is under construc- tion. The security dimension infrastructure projects in the northeast. While the Moreh- Tamu-Kalemyo Road has been completed, other projects like the India-Myanmar-Thailand trilateral highway, Kaladan multi modal project, Tamanthi hydroelectric project etc are facing delays due to political, The other major infrastructure project is the industrial corri- dor linking the Myanmar port of Dawei with Thailand. India must take a deeper interest in this project that has attracted Japanese and South Korean companies. The LEP has domestic impli- cations on the development of India’s northeast region and the Indian economy in general. Though the immediate focus was on Southeast Asia, spe- the scope of LEP has come to encompass a much wider and inter-linked region. Some of the platforms India has chosen to tries because of India’s huge economic interest in the region. GettyImages Japan Consumer Spending, Factory Output Skid After Sales Tax Hike useinpursuanceofitsLookEast Policy, such as BIMSTEC (that brings together select Southeast and South Asian countries) and the Mekong-Ganga Coopera- tion (MGC), linking India with a number of ASEAN countries, would point to that intended broader geographical space. tacted at southasiamonitor1@ gmail.com. This is an abridged version of the original article in TomohiroOhsumi/Bloomberg J apan’s household spend- ing in April fell at the fast- est rate in three years in a sign that consumption could be slow to recover from an in- crease in the nationwide sales tax, raising questions over the pace of economic recovery. Industrial production fell more than expected in April as companies cut output to avoid a pile up in inventories in the lull after the sales tax hike took ef- fect. ing will quickly recover as the labour market remains tight, but the bigger-than-expected spending drop in April and a Tetsushi Kajimoto and Stanley White slowdown in factory activity could raise the stakes for mon- etary policy. “Spending will recover from May, but sales of durable goods look weak and this could be a drag on overall spending,” said Hidenobu Tokuda, senior economist at Mizuho Research Institute. to let the spending in its stimu- lus package run its course. The BOJ doesn’t need to move now, but it needs to keep an eye on the situation.” Japanese household spending fell 4.6 percent in April from a year ago, more than the median annual decline. That marked the fastest annual decline since March 2011, when an excep- tionally powerful earthquake triggered a nuclear disaster. Compared to the previous month, spending tumbled by cline expected by economists. Government data published household spending fell further after the April 1 sales tax hike sales tax in was imposed in 1989, and when it raised the tax to 5 percent in 1997. In both 1989 and 1997 spend- tax was imposed and then in- creased. Nationwide consumer prices in April, excluding the April 1 in the Bank of Japan’s battle to Reuters Myanmar Summary 0efBuD;csKyf Narendra Modi OD;aqmif onfh Lok Sabha rStrsm;pkyg0ifonfh tdE´d,tpkd;&opftaejzifh EdkifiHjcm;a&; rl0g'tm; tom;ay;vkyfaqmifoGm;Edkif aMumif; cefYrSef;&onf/tqdkygcefrSef; csufrSm 0efBuD;csKyfopfusrf;opöm usdefqdkyGJwGif SouthAsianAssociation for Regional Cooperation (SAARC) acgif;aqmifrsm;tm; zdwfMum;jcif;tm; jzifh od&SdEdkifonf/ tdEd´, tdrfeD;csif;rl0g't&vnf; tqdkygvkyfaqmifcsufonf tem*wf tusKd;tjrwfcGJa0rIqdkif&m cdkifrmonfh tvm;tvm&Sdonfh vkyfaqmifcsufjzpf onf/xdkYtjyif 0efBuD;csKyf Modi tae jzifh urÇmhacgif;aqmifrsm;tMum;wGif a'owGif; acgif;aqmifwpfOD;taejzifh wufvSrf;Edkifrnfvnf;jzpfonf/ tm&SEdkifiHrsm;tm; Gujarat jynfe,f 0efBuD;tjzpf vnfywfcJhonfh 0efBuD;csKyf Modi taejzifh tm&Stm; yxrOD;pm; ay;taejzifhvkyfaqmifoGm;rnfjzpfonf/ tqdkygvkyfaqmifcsufonf qdkAD,uf ,leD,HNydKuGJonfh ppfat;wdkufyGJtqkH; tdEd´,rS csrSwfcJhonfh ta&SUarQmfrl0g' ESifhvnf; udkufnDrI&Sdonf/ *syefEdkifiHtdrfokH;ypönf;0,f,lrIEIef; onf {NyDvwGif okH;ESpftwGif; tjrefqkH; EIef;jzifhusqif;cJhNyD; EdkifiHwpf0Srf; a&mif;cGef jrifhwufrItm; jyefvnfaumif;rGef&ef vkyfaqmif&mwGif aES;auG;apNyD; pD;yGm; a&;jyefvnfxlaxmifa&;wGuf ar;cGef; rsm; jrifhwufvsuf&Sdonf/ a&mif;cGefrsm;jrifhwufrIaMumifh ukrÜPDrsm;taejzifh ukefxkwfvkyfrItm; avQmhcscJhMuNyD; {NyDvtwGif; pufrIukef xkwfvkyfrIrsm;onf xifrSwfxm;onf xuf ydkrdkusqif;cJhonf/ BOJ vkyfom;aps;uGufcdkifrmpGm&SdaeonfhtwGuf okH;pGJrIrsm;onf tjrefqkH;jyefvnfaumif; rGefvmrnfjzpfaMumif;cefYrSef;&onf/
  15. 15. June 5-11, 2014 Myanmar Business Today mmbiztoday.com REGIONAL BIZ 15 Myanmar Summary Thai Military Rulers Appoint Advisers; Economy in Doldrums Appointed advisers include former generals close to palace; factory output slumped for 13th month in April T hailand’s junta has ap- pointed as advisers two retired generals with pal- ace connections, putting power- towards former Prime Minister the ascendant in the country’s long-running power struggle. Hoping to show things are getting back to normal, the mil- itary has also relaxed a night- time curfew brought in after it seized power in a May 22 coup, and is expected to speed up ef- forts to get the economy moving again after months of debilitat- ing political protests. Data showed factory output drop in a row. Figures later in the day are forecast to show imports tum- bled 18.2 percent that month. Exports may have risen margin- ally, but that will not be enough domestic economy. The team of advisers an- nounced in a brief statement included a former defence min- ister, General Prawit Wong- suwan, and former army chief General Anupong Paochinda. in Thailand’s military establish- ment and have close ties to coup leader General Prayuth Chan- ocha. All three are staunch monarchists and helped oust Thaksin, who remains at the heart of the political crisis, in a 2006 coup. A Reuters report in December revealed that Prawit and An- upong had secretly backed the anti-government protests that undermined the government of Thaksin’s sister, Yingluck Shinawatra. She was removed by a court on May 7 for abuse Pracha Hariraksapitak of power and the coup ousted remaining ministers two weeks later. Also among the advisers is Pridiyathorn Devakula, over- seeing the economy. A former minister in an interim govern- ment after the 2006 coup when strict capital controls were in- troduced to hold down the baht, causing the stock market to plunge 15 percent in one day. Thailand’s gross domestic product shrank 2.1 percent in anti-government protests fre- quently shut down ministries, The military has moved quick- ly to tackle economic problems, notably preparing payments for hundreds of thousands of rice farmers that the ousted govern- ment was unable to make. But General Prayuth has not set any timetable for elections, saying broad reforms are need- That may further complicate relations with foreign govern- ments that have called for a speedy return to democracy, an end to censorship and the release of politicians, protest leaders, journalists and others detained. “We’re going to have to con- tinue to calibrate how we’ll work with the government and military when they don’t show any pathway back to civilian Reuters in Washington. “We’re very concerned and there will be an impact on our relation- ship.” Clampdown Scores of politicians and ac- tivists have been detained as - sistance to its takeover. There have been daily, peace- ful protests against the coup in Bangkok with crowds calling for elections and confronting troops, although the number of protesters had dwindled to about 200 on May 27 from about 1,000 on May 25. A seven-hour curfew the army imposed after the coup from 10pm each night from May 28 was shortened to four hours starting from midnight. Thaksin has not commented on the coup except to say he was saddened and hoped the mili- tary would treat everyone fair- ly. Yingluck has been released from detention but remains un- and aides say. Soldiers detained a former education minister, Chaturon Chaisang, after he had emerged from hiding to denounce the coup, saying it would only - ple in detention were not being treated badly. Years of political turmoil have polarised Thailand. The Shinawatras’ strength is in the north and northeast, populous, mostly rural regions that have won them every elec- tion since 2001. Some Thaksin loyalists had vowed to resist a coup and the army and police are hunting for weapons. Many Bangkok voters support the establishment and approve of the coup if it means ending he is corrupt and disrespect- ful to the monarchy. He denies that. Most Thais express stead- fast loyalty to 86-year-old King Bhumibol Adulyadej. “This is a good coup,” said Chanchai Thonprasertvej, 54, a doctor at a small pro-coup gathering at Bangkok’s Democ- racy Monument. “The army can protect the land and the king. It will protect my country from Thaksin.” Reuters xdkif;ppftpdk;&taejzifh EdkifiHtkyfcsKyf a&;tmPmtcuftcJrsm;twGuf ,cif xdkif;0efBuD;csKyf Thaksin Shinawatra rdom;pkrsm;tm;xdef;csKyfEdkif&eftwGuf xdkif;bk&ifheef;awmfESifhtquftoG,f&Sd onfh tNidrf;pm; AdkvfcsKyfESpfOD;tm; wm0ef ay;cefYtyfvdkufaMumif; od&onf/ xdkif;EdkifiHa&;tm; ykHrSeftajctaeodkY jyefvnfa&muf&Sd&efarQmfrSef;aomtm;jzifh ppfwyftaejzifh arv 22 &uf tmPm odrf;NyD;aemuf nbufumzsL;trdefYtm; avsmhcsay;cJhNyD; vaygif;rsm;pGm MumjrifhcJh onfh EdkifiHa&;qE´jyrIrsm;aMumifh usqif; cJhonfh pD;yGm;a&;tm; jyefvnfjr§ifhwif Edkif&ef vkyfaqmifvsuf&Sdonf/ tcsuftvufrsm;t& puf½Hkrsm; xkwfvkyfrIEIef;onf {NyDvtwGif; ,cif ESpfEIef;xm;atmuf 3 'or 9 &mcdkifEIef; avsmhuscJhNyD; 13 v qufwdkufavsmhus jcif;jzpfaMumif; awGU&Sd&onf/ ukefypönf;wifoGif;rIrsm;vnf;tqdkygv wGif 18 'or 2 &mcdkifEIef; avsmhuscJh aMumif;tcsuftvufrsm;t&od&onf/ ydkYukefu@wGif tenf;i,fjrifhwufcJh aomfvnf; jynfwGif;pD;yGm;a&;usqif;rI tm;usm;uef&efvkHavmufrIr&SdaMumif; awGU&onf/ MananVatsyayana/GettyImages

×