Myanmar Business Today - Vol 2, Issue 14


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Myanmar Business Today is Myanmar’s first and the only bilingual (English-Myanmar) business newspaper, distributed in both Myanmar and Thailand. MBT covers a range of news encompassing local business stories, special reports and in-depth analysis focusing on Myanmar’s nascent economy, investment and finance, business opportunities, foreign trade, property and real estate, automobile, among others. MBT also provides detailed coverage of regional (ASEAN) and international business stories. For more information please visit
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Myanmar Business Today - Vol 2, Issue 14

  1. 1. April 3-9, 2014 Myanmar Business Today April 3-9, 2014 | Vol 2, Issue 14MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL Myanmar Summary Myanmar Summary Contd. P 9... Contd. P 9... Blocks to 13 Multinationals I nternational oil gi- ants including Chev- ron, Royal Dutch Shell, ConocoPhillips and Total have won bids Myanmar’s western and southern coasts, accord- ing to the Ministry of En- ergy (MOE). Myanmar awarded 10 shallow water blocks and 10 deepwater blocks in the Gulf of Martaban and ern state of Rakhine, to 13 oil companies in an auc- tion process that began last year, according to a posting on the ministry’s website last week. Winners of deepwa- ter blocks will be able to explore and operate the blocks on their own, while shallow water winners will need to work with a registered local partner, according to the terms of the production sharing contracts. The ministry said pro- duction-sharing contracts would be awarded after it Pann Nu ders’ terms and condi- tions. “Considering the win- ning bidders include some household name international oil compa- nies and prominent in- dependents, this bodes well for the future of oil and gas in Myanmar and will help to lift the overall standards of the greater investment environment in the country,” Nomita Nair, partner at UK-based Paisner (BLP) and part of the team leading BLP’s Myanmar Practice, told Myanmar Business To- day in an email. Multinational oil com- panies such as Dutch Shell, France’s Total E&P, Norwegian Statoil and ConocoPhillips won deepwater blocks, Ameri- can supermajor Chevron a shallow water block and Australia’s Woodside Energy won both shallow and deepwater blocks. Other major oil compa- nies among the winning bidders included Italy’s Eni and India’s Reliance Industries and Oil India. Results of the tender, which the energy ministry had indicated would be released late December or early January, came out on Wednesday last week. The delay was reportedly caused because of the high volume of bids. “The government had to bids which was also a lengthy process. The min- istries have only limited resources and so to do a thorough and full analy- PTTEPI Starts Zawtika Gas Delivery T hai oil and gas giant PTTEP International (PT- Yangon branch said. Enterprise (MOGE) last month. The starting delivery rate is 50 million standard cubic feet per day and will increase the rate up to 100 million standard cubic feet per day by this month “to meet the domestic growing energy demand as well as to support the economic development in Myanmar,” PTTEPI said in a statement. In 2007, PTTEPI discovered natural gas in block M9 and a partial of block M11 which was named “Zawtika project”. Zawtika project is located in Gulf of Mottama, approximately 300 kilometres south from Yangon. Lat- er in 2008, PTTEPI conducted the development plan of Zawtika project. PTTEPI Ltd, which is a subsidiary of PTTEP, holds 80 percent share of Zawtika project while Myanma Oil and Gas Enterprise (MOGE) holds the rest. In addition to Zawtika Project, PTTEPI is the operator in PSC onshore MD-7 and MD-8. PTTEPI started its business in My- anmar in 1996 through non-operating partnerships in Yadana and Yetagun Projects. Kyaw Min Chevron ? Royal Dutch Shell ? ConocoPhillips ESifh Total tygt0if a&eHukrÜPDBuD; rsm;onf jrefrmEdkifiHtaemuf ydkif;ESifhawmifbufydkif;urf;½dk;wrf; rsm;wGif urf;vGefa&eHESifhobm0 "mwfaiGU&SmazGa&;vkyfuGufrsm; twGuf jrefrmEdkifiHrS wif'gac:,l rIwGif wif'gtEdkif&&SdcJhaMumif; pGrf;tif0efBuD;XmerStcsuftvuf rsm;t& od&onf/ xdkif;EdkifiHa&eHESifhobm0"mwfaiGUvkyfief;BuD;jzpfonfh PTTEP International (PTTEPI) onfaZmwduobm0"mwfaiGUvkyfuGufrS obm0"mwfaiGUrsm;tm; pwifydkYvTwfcJhNyDjzpfaMumif; od&onf/ rwfv 14 &ufaeYwGif yxrOD;qHk;obm0"mwfaiGUydkYvTwfrItm; jrefrmha&eHESifhobm0"mwfaiGUvkyfief;odkY ydkYvTwfcJhjcif;jzpfonf/pwif ydkYvTwfEdkifrIEIef;rSm wpfaeYvQif pHcsdefrDukAay oef; 50 jzpfNyD; ,ckv twGif; wpfaeYvQif pHcsdefrDukAay oef; 100 txd wdk;jr§ifhum ydkYvTwf EdkifvdrfhrnfjzpfaMumif;od&onf/
  2. 2. April 3-9, 2014 Myanmar Business Today 2LOCAL BIZ MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL Board of Editors Editor-in-Chief - Sherpa Hossainy Email - Ph - 09 42 110 8150 Editor-in-Charge - Wai Linn Kyaw Email - Ph - 09 40 157 9090 Reporters &Writers Sherpa Hossainy, Kyaw Min, Wai Linn Kyaw, Shein Thu Aung, Phyu Thit Lwin, Aye Myat Yasumasa Hisada, Pann Nu Art & Design Zarni Min Naing (Circle) Email - Ph - 09 7310 5793 Ko Naing Email - Ph - 09 730 38114 DTP May Su Hlaing Translators Shein Thu Aung, Phyu Maung, Wai Linn Kyaw Advertising Seint Seint Aye, Moe Hsann Pann, Htet Wai Yan, Zin Wai Oo Advertising Hotline - 09 420 237 625, 09 4211 567 05, 09 31 450 345 Email - Managing Director Prasert Lekavanichkajorn 09421149720 Publisher U Myo Oo (04622) No. 1A-3, Myintha 11th Street, South Okkalapa Township, Yangon. Tel: 951-850 0763, Fax: 951-8603288 ext: 007 Shwe Naing Ngan Printing (04193) Printing Subscription & Circulation Aung Khin Sint - 09 20 435 59 Nilar Myint - 09 4210 855 11 Khaing Zaw Hnin - 09 4211 30133 Business News in Brief Japan agrees to invest in Dawei SEZ Japan has agreed to invest in the Dawei Special Eco- cial accompanying Japanese Foreign Minister Fumio Koshida who is on a visit to Myanmar, according to lo- invest in Dawei SEZ during his meeting with his Myan- mar counterpart Wunna Maung Lwin in Nay Pyi Taw. Japan initially agreed to construct the road linking Da- wei SEZ and Thailand and feasibility studies would be conducted soon for this. IFC to lend Shangri-La Asia $80m for Myan- mar projects International Financial Corp (IFC) will lend $80 mil- lion to Shangri-La Asia Ltd for the expansion of the Traders Hotel and the construction of the Shangri-La Residences in Yangon, local media reported, citing Vikram Kumar, resident representative of the IFC in Myanmar. Shangri-La Asia has been facing acute short- age of hotel rooms due to a steep rise in tourist arrivals in Myanmar. The 270-roomed Traders will have 485 rooms on completion of the expansion project, while the Shangri-La Residences will have 240 rooms. Yatanarpon Teleport looks for JV partner as talks with True fail Myanmar’s Yatanarpon Teleport (YTP) is looking for a joint-venture partner for a telecommunication opera- tion after its talks with Thai-based True Corp failed at the last minute, local media reported YTP senior direc- tor Yan Win as saying. Yan Win said YTP had already been working on telecom infrastructure projects in cooperation with existing licensed operators while it planned to get an operator license for itself. Myanmar parliament speaker, opposition leader agree on constitution amendment Myanmar parliament speaker and chairman of the ruling party, the Union Solidarity and Development Party (USDP), Thura U Shwe Mann and opposition leader Aung San Suu Kyi agreed last week on the need for amending the 2008 constitution. The move is neces- sary for “rule of law and eternal peace,” both the leaders said at a joint press conference in Nay Pyi Taw follow- ing the end of the 9th parliament session. Both USDP and NLD said the parties will run in the upcoming by- election in all 30 vacant constituencies. The by-election is expected to be held before the end of this year. Myanmar, S Korea to promote cooperation in environmental conservation Myanmar and South Korea vow to promote coopera- tion in environmental conservation and forestry sec- tors, state media reported. The pledge was made during a meeting between Myanmar Minister of Environmen- tal Conservation and Forestry U Win Tun and South Korean Ambassador Lee Baek Soon in Nay Pyi Taw. The pair agreed to a future plan of opening forest school in Myanmar and enhancing bilateral cooperation in carbon dioxide emission reducing activities and to pro- mote human resources and research development. Suu Kyi blames govt’s irresponsibility for Chi- nese privileges Major opposition the National League for Democracy (NLD) party leader Aung San Suu Kyi has said Chinese companies were enjoying special privileges in Myan- mar because of the government’s irresponsibility, local media reported. It was important for Myanmar to have a responsible and duty-conscience government, which will serve national interests well so that the country would not become just like a colony of any foreign country, Suu Kyi said at a meeting with writers from upper Myanmar in Pyin Oo Lwin. Myanmar Summary jrefrmEdkifiHawmifydkif;&Sdxm;0,ftxl;pD;yGm;a&;ZkefwGif&if;ESD;jr§KyfESH&ef twGuf*syefEdkifiHrSoabmwlnDcJhNyD[kjrefrmEdkifiHodkYa&muf&Sdvmonfh *syefEdkifiHEdkifiHjcm;a&;0efBuD; Fumio Koshida ESifhtwlvdkufygvm cJhonfhwm0ef&SdolwpfOD;uajymMum;cJhaMumif; od&onf/ tqdkygwm0ef&SdolajymMum;csuft&Koshida onfaejynfawmfü EdkifiHjcm;a&;&m0efBuD;OD;0PÖarmifvGifESifhawGUqHkpOfxm;0,ftxl;pD;yGm; a&;ZkefpDrHudef;wGif&if;ESD;jr§KyfESH&efoabmwlnDcJhjcif;jzpfaMumif; od& onf/ xm;0,ftxl;pD;yGm;a&;ZkefESifhxdkif;EdkifiHodkYvrf;qufoG,f wnfaqmufoGm;&eftwGuf*syefEdkifiHrSueOD;oabmwlnDcJhjcif;jzpfNyD; tqdkygpDrHudef;twGufjzpfEdkifajc&SdonfhavhvmoHk;oyfrIrsm;udkrMumrD tcsdeftwGif;jyKvkyfoGm;zG,f&Sdonf/ International Financial Corp (IFC) rS Shangri-La Asia Ltd tm; &efukefNrdKU&SdukefonfBuD;rsm; [dkw,fwdk;csJUwnfaqmufrIESifh Shangri-La tdrf&mrsm;tm;aqmuf vkyfrIwdkYtwGuftar&duefa':vmoef; 80 txdacs;aiGaxmufyHh ay;oGm;rnfjzpfaMumif; od&onf/ jrefrmEdkifiH &wemyHkw,fvDydkY (YTP) onf xdkif;EdkifiHtajcpdkuf True Corp ESifhaqG;aEG;rIrsm; jyKvkyfcJhumvkyfief;oabmwlnDrIudkr& &SdcJhonfhtwGuf qufoG,fa&;vkyfief;rsm;tm; aqmif&Guf&eftwGuft usKd;wlyl;aygif;vkyfief;wpfckudk&SmazGaeaMumif; od&onf/ ,ckvuf&Sdvdkifpif&&Sdxm;onfhatmfya&wmrsm;ESifhtwlqufoG,f a&;tajccHpDrHudef;rsm;wGif YTP onf yl;aygif; aqmif&GufaecJhNyD; YTP taejzifh udk,f ydkifvdkifpif&&SdoGm;&eftwGufvnf; pDpOf cJhaMumif; od&onf/ jynfaxmifpkBuHUcdkifa&;ESifhzGHUNzdK;wdk;wufa&;ygwD Ouú|jzpfNyD; vTwf awmfajyma&;qdkcGifh&Sdol ol&OD;a&Tref;ESifhtwdkuftcHygwDacgif;aqmif a':atmifqef;pk MunfwdkYonf 2008 ckESpfzGHUpnf;yHktajccHOya'tm; jyifqif&efvdktyfonfhtcsuftm;vGefcJhonfhtywfwGifoabmwlnDcJh MuaMumif; od&onf/
  3. 3. April 3-9, 2014 Myanmar Business Today 3LOCAL BIZ Investing in Myanmar: The Pitfalls to Consider Josh Wood M yanmar is in the midst of a foreign invest- ment boom. Over the last 12 months it has received over $3.6 billion in Foreign Direct Investment (FDI), an increase of nearly 300 percent according to gov- in February. Despite this encouraging news, enor- mous barriers to future investment remain, and if reforms are not quickly en- acted, foreign capital may has arrived. After decades of isola- tion and under-invest- from across the globe are nurturing industrial mod- ernisation in Myanmar. Of the $3.6 billion in- vested last year, about 50 percent was directed into manufacturing enterpris- es such as garment mak- ing, automobile assembly and food processing fac- tories. These investments in manufacturing are par- ticularly welcome because ployment opportunities, have high export potential and create positive spillo- vers into other sectors of the economy. While Chi- na and Thailand remain the dominant sources of foreign investment, new contributions from Qatar, Korea, Norway and many other countries have driv- en the recent growth. The sustainability of such high rates of foreign investment, however, is far from assured. A large component of last year’s FDI resulted from the belated arrival of global brands such as Unile- ver, Coca Cola and Visa, amongst many others, and the front loaded in- vestment of Telenor and Ooredoo in the recently liberalised telecommu- nications sector. Both of these streams can be ex- pected to fall away quickly in the next 2-3 years and a second wave of FDI will movers. Based upon anec- dotal reports coming out of Yangon, this may take some serious salesman- ship. New entrants are encountering unexpected hurdles in many aspects of their business opera- tions which is tempering the appetite for future expansion and sending mixed messages to poten- tial investors back home. So what are the major impediments to doing business in Myanmar? Unsurprisingly, weak infrastructure is the prob- lem most commonly cit- ed by foreign managers. The crumbling highway connections and poorly maintained port facilities are causing lengthy de- port costs. Limited phone coverage, painfully slow internet and inner-city congestion complicates communication and plant monitoring. The electri- cal grid, after decades of neglect and under-invest- ment, is unable to handle growing demand. Not only is 70 percent of the population without pow- er, but those with access face the perennial threat of blackouts. For foreign investors, particularly those involved in manu- facturing, nothing is more essential than a cheap and reliable electricity supply. A second major issue is corruption, which not only pervades the upper echelons of government, but is also ubiquitous at the township level. Ba- sic administrative tasks such as negotiating rental leases, registering vehi- cles and many other low- level interactions with the bureaucracy require considerable sums of “tea money”. Such practices opportunities for foreign surmountable barrier for more scrupulous corpo- rations who resist the use of bribery in their day-to- day operations. A less reported issue is the severe shortage of skilled labour. Myanmar’s poorly performing edu- cation system has failed to produce the number of engineers, welders, carpenters and other tradespeople required by shortage is particularly acute in the oil and gas industry where English quired. In many instances jrefrmEdkifiHwGif EdkifiHjcm;&if;ESD; jr§KyfESHrIrsm; zGHUNzdK;wdk;wufvmNyD; vGefcJhonfh 12 vwmumv twGif; EdkifiHjcm;wdkuf½dkuf&if;ESD; jr§KyfESHrIyrmPtar&duefa':vm 3 'or 6 bDvD,Htxd &&SdcJhNyD; EdkifiHjcm;&if;ESD;jr§KyfESHrIwdk;wufrIrSm Myanmar Summaryskilled workers have been brought in from the host country, sourced from neighbouring provinces or headhunted from rival considerable cost and in- convenience. eign investment is Myan- of dispute resolution. Although the 2012 For- eign Investment Law ad- dressed a great number of legal uncertainties, the process of contract en- forcement and dispute resolution needs urgent reform. According to the World Bank, legal dis- putes take an average of 1,160 days to resolve – ranking 188th of 189 countries – and require 50 percent more admin- istrative procedures than the OECD average. While legal systems in the devel- oping world are generally more complex than those of advanced countries, in Contd. P 8... Contd. P 8... Of the $3.6 billion invested last year, about 50 percent was directed into manufacturing enterprises such as garment making, automobile assembly and food processing factories. LamThuyVo/Reuters
  4. 4. April 3-9, 2014 Myanmar Business Today LOCAL BIZ 4 Myanmar Summary Myanmar Summary ¥24b in Fresh Loans J apan has pledged to pro- vide Myanmar ¥24 billion yen ($234.8 million) in plant and electricity networks. Japanese Foreign Minister Fumio Kishida made the pledge for the loan at his meeting Pres- ident U Thein Sein, state-run daily New Light of Myanmar reported. Kishida, during another meet- ing with his counterpart, U Japan’s plan to provide an ad- ditional aid of about ¥8 billion ($7.8 million) to build a train operation monitoring system and to provide advanced medi- cal equipment to hospitals. Since Prime Minister of Ja- pan Shinzo Abe came to power in December 2012, his govern- ment has pledged assistance totalling more than ¥160 billion ($1.56 billion) to Myanmar, in a bid to make way for Japanese companies to foray into the Kyaw Min Myanmar market and beat out competitors from the United States, the EU and China. During their meeting, dis- cussions were made on imple- mentation of Thilawa Special Economic Zone (SEZ) by Japa- nese companies, research on repair of Yangon-Nay Pyi Taw- Mandalay railways, extension of Mandalay International Air- port, assistance for Myanmar’s information and TV sector, hu- man resources development, health and education, water supply for Yangon region, and food security for farmers, the report said. Kishida also made a request collect the remains of Japanese soldiers who died in what was then known as Burma during World War II. A study has in- dicated that the remains of as many as 45,000 Japanese sol- diers are in the country. The two foreign ministers also agreed to continue to conduct military ex- changes. *syefEdkifiHonf jrefrmEdkifiHü "mwftm; ay;puf½HkwpfckESifh vQyfppf"mwftm;ay; uGef&ufrsm;udk wnfaxmif&eftwGuf *syef,ef;aiG 24 bDvD,H (tar&duef a':vm 234 'or 8 oef;)udk acs;aiG tjzpfaxmufyHhoGm;rnf[k uwdu0wfjyK cJhaMumif; od&onf/ *syefEdkifiH EdkifiHjcm;a&;0efBuD;jzpfol Fumio Kishida onf or®wOD;odef;pdef ESifh awGUqHkaqG;aEG;cJhNyD;aemuf ,ckuJh odkY acs;aiGaxmufyHhay;&eftwGuf uwd u0wfjyKcJhjcif;jzpfaMumif; EdkifiHydkif New Light of Myanmar owif;azmfjy csuft& od&onf/ Kishida onf EdkifiHjcm;a&;0efBuD; OD;0PÖarmifvGifESifhawGUqHkcJhNyD; rD;&xm; ydkYaqmifa&;u@apmifhMuyfppfaq;a&; pepfESifh aq;½Hkrsm;odkY tqifhjrifhaq;0g; toHk;taqmifrsm; axmufyHh&eftwGuf aemufxyftaxmuftyHhtultnDtjzpf *syef,ef;aiG 8 bDvD,H(tar&duefa':vm 7 'or 8 oef;) tm; axmufyHhay; oGm;&eftwGuf twnfjyKay;cJhaMumif; od&onf/ tif'dkeD;&Sm; bdvyfajrxkwfvkyfonfh vkyfief;jzpfaom PTSemenIndonesia tm;csJUxGif&eftpDtpOfrSm eD;pyfrI&SdvmNyD jzpfaMumif;od&onf/ SemenIndonesia OuúXjzpfol Dwi Soetjipto u ukrÜPDtaejzifh ,ckESpfZGefvwGif jynf wGif;bdvyfajrvkyfief;wpfcktm;0,f,l &eftwGuf tNyD;owfaqmif&GufoGm;zG,f &SdaeaMumif; tif'dkeD;&Sm;rD'D,mrSvGefcJh onfhtywfwGifowif;xkwfjyefcJhonf/ vkyfief;,lrnfhwefzdk;yrmPrS ,cifurdrd wdkYxkwfjyefaMunmcJhonfhtwdkif;yifjzpfNyD; tar&duefa':vm200rDvD,HrStar &duefa':vm 300 rDvD,HMum;&Sdrnf[k Dwi u *sumwmwGifjyKvkyfaom ESpfpOf taxGaxG&S,f,m&Sifrsm;awGUqHkaqG; aEG;yGJtNyD;wGif ajymMum;cJhonf/ IndonesianCementMakertoTap Myanmar’sConstructionBoom I ndonesian cement producer PT Semen Indonesia is mov- ing closer to its plan to ex- pand its business to Myanmar. Semen Indonesia’s president director, Dwi Soetjipto, said the the acquisition of a local cement - sia media reported last week. “The value is the same as we previously announced, name- ly between $200 million and $300 million,” Dwi said after an annual general shareholders meeting in Jakarta. was conducting due diligence regarding two cement produc- ers in Myanmar. He admitted that neither pro- ducer’s production capacity was million tons of cement per year. “If they are interesting, though, there’s a good chance that we will acquire both of the companies,” he said. - nesia is likely to become a mi- - Aye Myat trial market and political situa- tion in the country. The company will be seeking bank loans and issuing bonds if, in the end, they decide to ac- quire both producers. “We have not yet decided which way we are going to take. Right now, we are concentrat- - gence process,” he said. SoeZeyaTun/Reuters Reuters
  5. 5. April 3-9, 2014 Myanmar Business Today LOCAL BIZ 5 Myanmar Summary Contd. P 6... Contd. P 6... Myanmar Eyes to Fix Crumbling Transport Infrastructure Michael Nesbitt W ith a number of ongoing pro- jects and more in the pipeline, Myanmar looks set to reduce its transport infrastructure gap, although a shortage of labour and materials could drive up costs. While progress to date has been slow in part due tions, local players be- lieve the investment en- vironment is improving as a result of recent legal changes. “The government’s drive to improve the legal will widen the range of funding options going for- ward,” U Aung Zaw Na- ing, group CEO of Shwe Taung Development Co, told OBG. “We expect this process of economic and legal re- forms, together with the eign investors, to facilitate velopers and contractors in the near future.” The expansion of local capital markets is expect- ed to help, as well. The of the Thilawa Special Economic Zone (SEZ), a project jointly led by the Myanmar and Japanese governments, is set to be fering in March. Situated 20 kilometres outside the commercial hub Yan- gon, the SEZ aims to raise $21 million from the sale of shares, which will be available only to local citi- zens and businesses. have improved, the surge in building activity has raised new challenges. With construction of in- frastructure and indus- trial facilities on the rise, including three major airport projects, numer- ous industrial zones, and large areas of the coun- try being explored for oil and gas, the demand for resources has pushed up prices. “The cost of labour and raw materials has in- creased as the result of greater competition,” minister for construction U Kyaw Lwin told OBG. “However, the price vere than those we expe- rienced prior to the lifting of sanctions.” Rail, air, sea Despite the problems ment of U Thein Sein ap- pears eager to address the infrastructure shortage, with a particular focus on the transport sector. The Japan Internation- al Cooperation Agency (JICA) is working with the Yangon City Development Committee to improve the urban rail network in the country’s commer- cial centre. According to JICA, Yangon is one of the most promising cit- ies in the region for de- veloping train networks. Because a circular railway line already exists, land acquisition will be less of an issue than it is in other major metropolitan areas, such as Jakarta. The existing 45.9-km, 39-station loop line car- ries about 130,000 pas- sengers each day. The goal is to establish a sys- tem with faster and more frequent trains, lifting ridership to around 3 mil- lion by 2040. The plan is to extend the railway to cover 350km, with at least eight main lines, includ- ing an extension to the Thilawa SEZ. Another major pro- ject in the works is the $1.1-billion Hanthawaddy International Airport, on a site located around 80km from Yangon. Upon completion, the new facil- ity will be able to accom- modate 12 million pas- sengers a year, with room to increase to 30 million, compared to the 2.7 mil- lion capacity of Yangon International Airport, which will continue to op- erate as the city’s second airport. Last year South Korea’s Incheon International Airport Corp was identi- der for the 30-year pub- lic-private partnership to build, run and maintain Hanthawaddy, but those talks have since broken down, according to inter- national media reports. ,ckvuf&SdtcsdefwGif jrefrmEdkifiH ü taumiftxnfazmfaqmif&Guf aeaom pDrHudef;rsm;ESifh obm0 "mwfaiGUydkufvdkif;pDrHudef;rsm;&Sdae onfhtjyif vkyfom;vdktyfrIESifh toHk;taqmifypönf;rsm;twGuf Thilawa outside Yangon. SoeZeyaTun/Reuters
  6. 6. April 3-9, 2014 Myanmar Business Today LOCAL BIZ 6 Myanmar Summary The government recent- ly announced it would re-tender the project, in- viting all four short-listed competitors to submit - clude a group comprising Singapore’s Changi Air- port Planners, Yongnam Holdings and Japan’s JGC Corp, as well as a consortium made up of Taisei Corp of Japan and Vinci Airport of France. Myanmar’s maritime ports are also seriously in need of an upgrade, fol- lowing years of isolation and poor management, which let facilities fall into disrepair. At present, ma- jor global lines dock their motherships in Malaysia or Singapore, and send feeder vessels to Yan- gon Port. Located in the city’s downtown, the port has a draught of just 8-9 navigate due to two semi- submerged sandbars. Yangon has a second, smaller port, located at Thilawa, which is more easily accessible for ships. Built in the 1990s, the port is now being enlarged as part of the Thilawa SEZ project. In December, the Ministry of Transport announced that Japan will provide a $205-million loan for construction of two new general cargo wharves at Thilawa. The government is also looking to build new deep-water ports at the SEZs located in Dawei and Kyaukpyu, although both of these projects have experienced delays. Michael Nesbitt, edi- torial manager for My- anmar at Oxford Busi- ness Group (OBG), is in charge of producing in Myanmar. Based in Yangon he works along- side a team of analysts to annual reports. ukefusp&dwfrsm; jrifhwufvmEdkif aomfvnf; o,f,lydkYaqmifa&; u@wGif tajccHtaqmufttHk rsm;vdktyfcsufudk jznfhqnf;&ef twGuf BudK;yrf;aeNyDjzpfonf/ b@ma&;ydkif;qdkif&mwGif tm; enf;csufrsm;&SdaomaMumifh zGHUNzdK; wdk;wufrIrSm aESmifhaES;aeaomf vnf; &if;ESD;jr§KyfESHrI0ef;usifaumif; wpf&yfrSm wdk;wufaeNyD; rMum ao;rDu Oya'a&;&mtajymif; tvJrsm;aMumifhjzpfaMumif; jynf wGif;vkyfief;&Sifrsm;u ,HkMunf xm;Muonf/ tpdk;&taejzifh b@ma&;ydkif;qdkif&mwGif w&m; 0ifvkyfxkH;vkyfenf;rsm;udkwdk;wuf vmap&eftwGuf BudK;yrf;aeNyD; vkyfief;rsm;twGuf aiGaMu; axmufyHhrIrsm;udkvnf; ydkrdkjyKvkyf vmEdkifvdrfhrnfjzpfaMumif; od& onf/ ,ckuJhodkYpD;yGm;a&;ESifh w&m;0if udpöa&;&mjyKjyifajymif;vJrIrsm;? EdkifiHjcm;&if;ESD;jr§KyfESHolrsm;xHrS aiGvHk;aiG&if;pD;qif;rIrsm;onf vmrnfhtem*wfwGifzGHUNzdK;wdk;wuf a&;vkyfief;rsm;ESifhuefx½dkufwm rsm;twGuf b@ma&;axmufyHhrI tajctaersm;udk wdk;wufvmap rnf[k S h w e T a u n g Development Co pDtD;tdk jzpfol OD;atmifaZmfEdkifu ajym Mum;cJhonf/ jynfwGif;aiGvHk;aps;uGufrsm; wdk;wufvmrIrSmvnf; tvm;wl taxmuftyHhrsm;jzpfaprnfjzpf onf/jrefrmESifh *syeftpdk;&wdkYrS yl;aygif;taumiftxnfazmf aqmif&Gufaeaom oDv0gtxl; pD;yGm;a&;Zkefyxrtqifhwnf aqmufrIrsm;tm; rwfvwGif trsm;jynfolrsm;rS&if;ESD;jr§KyfESHrI rsm;jyKvkyfvmEdkif&eftwGufvnf; pDpOfxm;onf/&efukefNrdKUrS 20 uDvdkrDwmuGma0;onfh txl; pD;yGm;a&;Zkef &S,f,mrsm;tm; a&mif;csrIrSmtar&duefa':vm 21 oef;txd&&Sd&ef arQmfrSef;xm; NyD; tqdkyg&S,f,mrsm;udk jrefrm EdkifiHom;rsm;ESifh jynfwGif;vkyfief; rsm;om 0,f,lEdkifrnf[kvnf; od&onf/ vkyfom;ESifhukefMurf;ypönf;rsm; p&dwfrSm ydkrdkjrifhwufvmNyD; NydKif qdkifrIjyif;xefvmjcif; &v'f wpfckyifjzpfaMumif; aqmufvkyf a&;0efBuD; OD;ausmfvTifu OBG odkY ajymMum;cJhonf/pDrHudef;rsm; twGuf b@ma&;axmufyHhEdkif rIwGiftcuftcJrsm;&Sdaeaomf vnf; or®wOD;odef;pdeftaejzifh tajccHtaqmufttHkrsm;vdktyf csufudk jznfhqnf;&eftwGuf qE´ &SdaeNyD; o,f,lydkYaqmifa&;u@ wGifvnf; ydkrdkwdk;wufvmap&ef &nf&G,fxm;onf/*syeftjynfjynf qdkif&myl;aygif;aqmif&Gufa&; at*sifpD (JICA) onf &efukef NrdKUawmfpnfyifom,ma&;aumfrwD ESifhyl;aygif;í jrefrmEdkifiHpD;yGm; a&;NrdKUawmf &efukefwGif rD;&xm; vrf;uGef&ufrsm;wdk;wufvmap &ef BudK;yrf;aeonf/vuf&Sd &xm; vrf;t&Snf 45 'or 9 uDvdk rDwm?rD;&xm;blwm½Hkaygif; 39 ck ESifh NrdKUywf&xm;rsm;rS aeYpOfc&D; onfaygif; 130000 eD;yg;udk 0efaqmifrIay;aeNyD; ydkrdkjrefqef NyD; &xm;tpD;a&ydkrdk0efaqmifrI ay;Edkifonfhpepfwpfckudk aqmif &Guf&eftwGuf BudK;yrf;aeNyDvnf; jzpfonf/ rD;&xm;vrf;rsm;udktBuD;t us,fjyKvkyfoGm;rnfjzpfovdk oDv0gtxl;pD;yGm;a&;ZkefodkY &xm;vrf;csJUxGifrIrsm;jyKvkyf oGm;rnfjzpfonf/ Myanmar Illegal Timber Exports Worth $5.7b in 14 Years Why don’t Myanmar log trade figures add up? Corruption, says NGO G lobal imports of timber from Myanmar between 2000 and 2013 were three and a half times as large - ported, proof of serious ‘crimi- nality and corruption’ in the country’s timber sector, accord- ing to a UK-based watchdog that analysed the numbers. - lier this month showed that Myanmar exported 6.5 million cubic metres of timber from its forests between 2000 and 2013. In the same period, countries around the world imported 22.8 million cubic metres of logs from Myanmar. The Environmental Investiga- tion Agency (EIA) discovered the multibillion-dollar “black - timber exports – published on March 10 by Myanmar’s pri- vately owned Eleven Media Group – with data from a UN database and the Global Trade Atlas. already indicates unsustainable exploitation of the country’s forests, the reality appears to be far worse, the EIA said in a re- port released last week. under-report the true volume - anmar’s ports and across its land borders,” the EIA said in Alisa Tang - percent of all recorded interna- tional trade in Myanmar logs, suggesting 72 percent of log shipments were illicit. “Such a gap is indicative of widespread criminality and cor- ruption in Myanmar’s timber sector.” The EIA estimated the value of the 2000-2013 illegal exports at $5.7 billion - four times the country’s combined education and health budget for 2013-14. Haemorrhaging resources - thorised timber harvest – 11.2 million cubic metres – also falls - port volumes reported by My- anmar’s trade partners, “which - tor than the Myanmar Govern- ment’s suspect data”, the report said. data on forestry and timber exports reveals endemic illegal logging and timber smuggling - crimes only possible through institutional corruption on a huge scale,” the EIA’s Faith Do- herty said in a statement. from the illicit timber exports, the EIA said, “The clear con- cern is that, regardless of wider political reforms, opaque and unaccountable forest resource allocations mean Myanmar still continues to haemorrhage valu- able natural resources for the Myanmar has some of Asia’s largest remaining expanses of forest, but its forest cover shrank from 58 percent of the land area in 1990 to 47 percent in 2010, according to Forestry Ministry data. - ing forests, Myanmar’s new re- formist government has said it will ban log exports from April that provided crucial funding to the country’s former military rulers for decades. The EIA said the ban in itself was not enough and called on the government to: stop favour- ing its cronies in forest resource prosecute companies or gov- - legal logging and timber smug- in the management of forest - ety involvement in the planned restructuring of the Forestry Ministry. 2000 ckESpfrS 2013 ckESpftwGif; jrefrm EdkifiHrS opfrsm;tm; urÇmhEdkifiHrsm;odkY wifydkY rIrSm jrefrmEdkifiHrS w&m;0ifwifydkYonfh yrmPxuf oHk;qcGJausmfydkrdkjrifhrm;ae aMumif; od&onf/ xdktcsuftm;Munfhjcif;tm;jzifh jrefrm EdkifiHtaejzifhopfawma&;&mu@wGif w&m;r0ifwifydkYrIrsm;ESifhtusifhysufjcpm; rIrsm;&SdaeaMumif; NAdwdeftajcpdkuf apmifh Munfhppfaq;onfhtzGJUtpnf;wpfck tcsuftvufrsm;t& od&onf/ ,ckv tapmydkif;wGif xkwfjyefcJhonfh w&m;0if tcsuftvufrsm;t& 2000 ckESpfrS 2013 ESpftwGif; jrefrmEdkifiHrS opfawm rsm;rS opfxkwfvkyfwifydkYrIyrmPrSm ukArDwm 6 'or 5 oef;&SdaMumif; od&onf/ tqdkygumvtwGif;rSmyif urÇmwpf 0ef;rSEdkifiHrsm;onf jrefrmEdkifiHrS opf yrmP ukArDwm 22 'or 8 oef; txd wifoGif;cJhaMumif; od&onfhtwGuf w&m;0ifpm&if;ESifhuGm[rIrsm;&SdaecJhonf/ obm0ywf0ef;usifqdkif&mpHkprf;ppfaq; a&;at*sifpD (EIA) rS rwfv 10 &uf aeYwGif jrefrmEdkifiHyk*¾vduydkif Eleven Media Group rS xkwfjyefcJhonfh opf xkwfvkyfwifydkYrIyrmPESifh UN database ESifh Global Trade Atlas wdkYrS tcsuf tvufrsm;tm;EdIif;,SOfppfaq;rIrsm;udk jyKvkyfcJhonf/ A woman walks with children near logs at a timber yard in Yangon. SoeZeyaTun/Reuters
  7. 7. April 3-9, 2014 Myanmar Business Today 7LOCAL BIZ Contd. P 12... Myanmar Summary Myanmar Developer Yoma Sees Long Road to ASEAN Integration M yanmar-focused conglomerate Yoma Strategic Holdings Ltd said South- east Asia needs to work exceptionally hard to real- ise a balanced, European Union-style integration of such disparate economies. Yoma is listed in Asso- ciation of Southeast Asian Nations (ASEAN) mem- ber Singapore whose ad- vanced island-state econ- omy contrasts with that of fellow member Myanmar, rich in gems and natural gas but paralysed by dec- ades of military rule and isolating sanctions. Elsewhere in ASEAN, communist Laos has an economy that is less than 3 percent the size of that of monarchist neighbour Thailand, according to The World Bank. The popula- gest a size of 10 percent. “That we will all share is beyond dispute,” Yoma Chairman Serge Pun said at the Reuters ASEAN Summit. But a “lopsided” result where some mem- ers “is not sustainable.” “I think we will make it happen,” Pun said. But “I feel that there has been ... over expectation of what ASEAN integration will do for all of us.” Myanmar’s potential The ASEAN chairman- ship this year resides with Pun’s native Myanmar, which has been looking to attract foreign investment since a quasi-civilian gov- 2011. Asia’s second-poorest country after Afghanistan has no functioning stock market from which com- panies can raise funds, and foreign banks cannot open branches, just main- companies nothing be- yond advice. “I think we have a fairly long way to go to develop always is the most impor- tant sector to support the growth of an economy,” Pun said. The government plans to permit limited foreign Aung Hla Tun bank activity this year – good news for Singa- pore’s Overseas-Chinese Banking Corp Ltd which has had a representative around 20 years. “When it opens up we are quite interested to establish a business pres- ence there,” chief execu- tive Samuel Tsien said at the summit, at the Reu- “We think that’s a mar- ket in which many Sin- gaporean companies have engaged with for quite some time. There are quite a lot of Myan- mar businessmen in Sin- gapore who are already doing business with us,” Tsein said. Sectors in Myanmar of- fering investors the high- est growth include infra- structure, transportation, tourism and agriculture, Pun said. His Yoma conglomerate earns almost all of its rev- enue in Myanmar from property. It also leases vehicles and runs balloon tours as it aims to diversi- fy by raising non-property revenue to 50 percent. Last month, Yoma said it would spend $20 mil- lion to set up what could become Myanmar’s big- also said it would diver- sify by investing $46 mil- lion in dairy, $12 million in cold storage and $1.3 million in vehicle rental. “I think we are very fo- cused on Myanmar,” Pun said Southeast Asia needs to work exceptionally hard to realise a balanced, European Union-style integration of such disparate economies. SoeZeyaTun/Reuters said. “For the moment, I don’t think we have any plans to do anything out- side of Myanmar.” “We think this is a once- in-a-life-time opportu- nity and we intend to fully capitalise on the major re- forms that have been go- ing on, fully capitalise on the good prospects of the economy,” Pun said. Shares of Yoma have fallen 5.3 percent so far this year compared with a 2.0 percent decline in the benchmark stock index. Reuters jrefrmEdkifiHwGifpD;yGm;a&;vkyfief; BuD;rsm;udk aqmif&Gufaeonfh ukrÜPDwpfckjzpfonfh Yoma Strategic Holdings Ltd rS ta&SUawmiftm&Staejzifh tD;,l EdkifiHrsm;uJhodkY yl;aygif;aqmif&Guf rIrsm;udk BudK;yrf;aqmif&GufoGm; &rnfjzpfNyD; [efcsufnDrQaom pD;yGm;a&;tiftm;jzpfvm&ef vdktyf aMumif; ajymMum;cJhonf/ ta&SUawmiftm&StzGJU0ifEdkifiH wpfEdkifiHjzpfaom pifumylEdkifiH pawmhtdyfcsdef;wGifpm&if;oGif;xm; onfh Yoma taejzifh q,fpkESpf aygif;rsm;pGmppftpdk;&vufatmuf wGif &yfwnfcJh&NyD; pD;yGm;a&;ydwfqdkY rIrsm;ESifhBuHKawGUcJh&aom ausmuf rsuf&wemrsm;ESifh obm0"mwf aiGUrsm;aygrsm;<u,f0onfh jrefrm EdkifiHwGif vkyfief;trsm;tjym;udk aqmif&Gufaeonf/ta&SUawmif tm&StzGJU0ifEdkifiHrsm;wGif vmtdk EdkifiHpD;yGm;a&;onf tdrfeD;csif;
  8. 8. April 3-9, 2014 Myanmar Business Today LOCAL BIZ 8 Myanmar Summary comparison to economies of similar sophistication, contractual agreements in Myanmar are harder to enforce and intellectual property enjoys less pro- tection. As these issues high- light, Myanmar’s huge investment potential has many costly caveats. Poor infrastructure, corrup- tion, skills shortages and a burdensome legal sys- - ability and threatening the newly established stream of modernising investments of the last twelve months. If the current rates of FDI are to be maintained, busi- ness needs will require more careful considera- tion from policy-makers when setting their reform priorities. Alternatively, if these issues remain unad- dressed, Myanmar could once again be left with only Chinese investors for company. Josh Wood was a Vis- iting Research Fellow at the Myanmar Develop- ment Research Institute’s Centre for Economic and Social Development (MDRI-CESD) and is a postgraduate student at the Australian National University. 300 &mcdkifEIef;eD;yg;txd&Sdae aMumif; azazmf0g&DvwGif tpdk;& rS xkwfjyefcJhaomtcsuftvuf rsm;t& od&onf/ xdkuJhodkY tajctaeaumif;rsm; ydkifqdkifxm;aomfvnf; tem*wf &if;ESD;jr§KyfESHrItajctaetwGuf BuD;rm;vSpGmaomtwm;tqD;rsm; &SdaeqJyifjzpfonf/jyKjyifajymif;vJ rIrsm;tm; tvsiftjreftaumif txnfazmfraqmif&GufcJhvQif EdkifiHjcm;&if;ESD;jr§KyfESHrIrsm;udkvnf; qHk;½HI;oGm;&zG,f&Sdaeonf/ q,f pkESpfaygif;rsm;pGm urÇmhEdkifiHrsm; ESifh tquftoG,fjywfawmuf vsuf oD;jcm;&yfwnfcJh&NyD;aemuf &if;ESD;jr§KyfESHrIaps;uGuf jyefvnf zGHUNzdK;vmcJhum urÇmYEdkifiHrsm;rS EdkifiHjcm;wdkuf½dkuf&if;ESD;jr§KyfESHrIt opfrsm;ujrefrmEdkifiHtm; pufrIzGHUNzdK;wdk;wufa&;twGuf t"dutaxmuftyHhay;aecJh onf/ vGefcJhonfhESpfwGif &if;ESD; jr§KyfESHcJhaom tar&duefa':vm 3 'or 6 bDvD,HwGif 50 &mcdkif EIef;rSm txnftvdyfvkyfief;? armfawmfum;wyfqifrIvkyfief; ESifh pm;aomufukefvkyfief;wdkYuJh odkY ukefxkwfvkyfrIvkyfief;rsm;xH wdkuf½dkufpD;0ifcJhMuonf/ tqdkyg &if;ESD;jr§KyfESHrIrsm;onf tvkyftudkiftcGifhtvrf;aygif; rsm;pGmudk zefwD;ay;ovdk ydkYukef tvm;tvmaumif;rsm;ESifhtjcm; u@rsm;twGufvnf;tajctae aumif;rsm;udk jzpfxGef;aponf/ w½kwfEdkifiHESifh xdkif;EdkifiHwdkYonf jrefrmEdkifiHwGif trsm;qHk;&if;ESD; jr§KyfESHxm;MuaomEdkifiHrsm;jzpfMuNyD; umwm? awmifudk&D;,m;?aemfa0; ESifhtjcm;EdkifiHrsm;onfvnf; jrefrm EdkifiHwGif &if;ESD;jr§KyfESHrIrsm; jyKvkyf vmMuonf/ tqdkyg EdkifiHjcm; &if;ESD;jr§KyfESHrIrsm;tm; a&&Snf wnfwHhzGHUNzdK;&eftwGuf tcdkiftrm aqmif&Guf&efvdktyfcsufrsm;&Sdae qJjzpfonf/ vGefcJhonfhESpfwGif urÇmhvkyfief; BuD;rsm;jzpfaom Unilever, Coca Cola, Visa wdkYtjyif rMum ao;rDu ajymif;vJrIrsm;jyKvkyfcJh aomqufoG,fa&;u@wGifvnf; Telenor, Ooredoo wdkYu jrefrmh &if;ESD;jr§KyfESHrIaps;uGufodkY a&muf&Sd vmcJhMuonf/vmrnfh ESpfESpfrS okH;ESpftwGif;tqdkyg&if;ESD;jr§KyfESHrI vdIif;onft&SdefvsifjrefpGm avsmhus oGm;zG,f&SdNyD; 'kwd,EdkifiHjcm;&if;ESD; jr§KyfESHrItiftm;wpfckudkvdktyfrnf jzpfonf/ odkYaomfvnf; xdktajctae aumif;udkzefwD;&eftwGuf twm; tqD;rsm;rSmum;&SdaeqJyifjzpfonf/ tajccHtaqmufttHku@wGif tm;enf;csufrsm;u EdkifiHjcm;rS pDrHcefYcGJolrsm;twGuf trsm;qHk; &ifqdkifBuHKawGU&onfh jyóem wpfckjzpfonf/ ta0;ajy;vrf; uGef&ufrsm;? rD;&xm;vrf;ESifh qdyfurf;rsm;wGif tajccHtaqmuf ttHkydkif;tm;enf;csufrsm;aMumifh AirAsia Opens New Travel and Service Centre in Yangon M alaysia-based low cost carrier AirAsia has opened a one- stop travel and service center (ATSC) in Yangon. Wun Plaza on Alanpya Pagoda road in Yangon. Tassapon Bijleveld, CEO of Thai Air Asia, said, “In mar- kets like Myanmar where credit cards are not as widely used, it is important for us to provide facilities to suit the needs of our consumers which is why we have the centre.” from 9am-5pm from Monday through Friday and from 9am- 2pm on Saturdays. “We are very excited to be able - vice facility to our passengers in Yangon. The new location is centrally located and equipped Wai Linn Kyaw - vide more convenience for Air Asia travelers,” Tassapon add- ed. centre include ticket booking, travel insurance, and adding on items such as baggage weight and pre-booked meals. On this occasion, the airline Yangon to Bangkok and Kua- la Lumpur starting from $30 per way at the centre until 25 March. Lumpur to Yangon as well as - lay to Bangkok. Skytrax rS ay;tyfonfh urÇmh taumif;qHk;p&dwfenf;avaMumif;vdkif; tjzpf ig;ESpfqufwdkuf owfrSwfjcif; cHxm;&onfh Air Asia vufrSwfta&mif;pifwmopfudk '*HkNrdKU e,f? tvHjybk&m;vrf;ay:&Sd vjynfh0ef; yvmZmwGif 2014 ckESpf rwfv 23 &ufaeYrS pwifí ajymif;vJzGifhvSpfvdkufNyD jzpfNyD; ,if;uJhodkY ½Hk;cef;topfajymif; a&TUzGifhvSpfjcif;txdrf;trSwftjzpf AirAsia rS txl;oufomonfh vufrSwf aps;EIef;rsm;jzpfonfh &efukefrS befaumuf ESifh uGmvmvrfylodkY c&D;pOfwpfaMumif; vQif tar&duefa':vm 30 rSpwifí a&mif;csoGm;rnfjzpfNyD; tqdkygvufrSwf rsm;tm; 2014 ckESpf rwfv 23 &ufrS Zlvdkifv 20 &ufaeYtwGif; oGm;a&muf rnfh c&D;pOfrsm;twGuf rwfv 25 &uf aeYrSpwifí 0,f,lEdkifrnfjzpfaMumif; od&onf/ vjynfh0ef;yvmZmwGif zGifhvSpfvdkuf onfh AirAsia vufrSwfta&mif;pifwm udk wevFmaeYrS aomMumaeYtxd ½Hk;csdef twGif; zGifhvSpfoGm;rnfjzpfNyD; paeaeY wGif reuf 9 em&DrS aeYv,f 2 em&D txd zGifhvSpfoGm;rnfjzpfaMumif; od&onf/ ukefpnfrsm; o,f,lydkYaqmif&m wGifaESmifhaES;MuefUMumrIrsm;jzpf aponfhtjyif ukefusp&dwfudkyg ydkrdkjrifhwufaponf/w,fvDzkef; toHk;jyKrIenf;yg;aeao;jcif;? tifwmeufvdkif;rsm;aES;auG;jcif; aMumifhvnf; qufoG,fa&;ESifh vkyfief;apmifhMuyfppfaq;rItydkif; wGiftcuftcJjzpfaponf/vQyfppf "mwftm;vdktyfcsufrSmvnf; aemufxyfjyóemwpfckyifjzpf NyD; EdkifiHvlOD;a& 70 &mcdkifEIef; onf vQyfppf"mwftm;r&&SdMu ovdk "mwftm;&&SdMuolrsm;tae jzifhvnf; "mwftm;jywfawmufrI rsm;udk &ifqdkifBuHKawGUae&onf/ ukefxkwfvkyfrIu@wGif &if;ESD; jr§KyfESHxm;aom &if;ESD;jr§KyfESHolrsm; twGufaps;EIef;oufomNyD;,HkMunf pdwfcs&aom vQyfppf"mwftm; axmufyHhay;EdkifrIrSm ta&;tyg qHk;yifjzpfonf/ Myanmar Summary Myanmar to Run Over $2.6b TMarch 14 during 2013-14 amounted to over $2.6 billion, said. Total exports and imports during that period were $10.58 billion and $13.19 billion re- spectively, Toe Aung Myint, director general from the Min- istry of Commerce, said. He at- imports of capital goods. (April-February) of the current - cording to the Central Statisti- cal Organization (CSO). During the period, foreign trade totalled $22.75 billion, with exports amounting to $10.22 billion and imports standing at $12.53 billion, CSO’s statistics showed. Of the total export, overseas trade accounted for $7.6 bil- lion, while border trade made up $2.59 billion. Of the total Shein Thu Aung import, regular trade accounted for $10.88 billion, and border trade $1.6 billion. In February, foreign trade amounted to $1.96 billion – ex- ports stood at $673.37 million while imports were $1.28 bil- lion. 2013-2014 b@ma&;ESpfwGif pkpk aygif;ukefoG,fa&;vdkaiGjyrIonf tar &duefa':vm 2 'or 6 bDvD,Hxuf ausmfvGefcJhaMumif; tpdk;&tBuD;wef; wm0ef&SdolwpfOD;u ajymMum;cJhonf/ tqdkygb@ma&;ESpftwGif;ydkYukefwifydkY rIwefzdk;rSm tar&duefa':vm 10 'or 58bDvD,HESifhoGif;ukefwifoGif;rIwef zdk;rSm tar&duefa':vm 13 'or 19 bDvD,H toD;oD;&SdcJhaMumif; pD;yGm;a&;ESifh ul;oef;a&mif;0,fa&;0efBuD;XmerS ñTef Mum;a&;rSL;csKyf OD;wdk;atmifjrifhu ajym Mum;cJhonf/ ,ckvuf&Sdb@ma&;ESpfyxr11 v wm({NyD-azazmf0g&D)twGif; jrefrmEdkifiH taejzifh tar&duefa':vm 2 'or 3 bDvD,HukefoG,fa&;vdkaiGjyaeaMumif; od&onf/ UAung/Xinhua SamsulSaid/Reuters
  9. 9. April 3-9, 2014 Myanmar Business Today LOCAL BIZ 9 Myanmar Summary BSF to Open British International School Yangon Wai Linn Kyaw U K-based British Schools Founda- tion (BSF), the governing body of a world- wide network of British International Schools, has launched the British In- ternational School Yangon in a bid to tap Myanmar’s burgeoning education sec- tor. “The foundation has a long tradition of promot- ing quality British style education worldwide,” said Stewart Fry, chair- man of the British Schools Foundation. “We strive to ensure all the schools within the or- ganisation stand out for the quality of education being provided, and we are determined to ensure that these qualities are re- in Yangon from the out- set.” The British School will open in Yangon in August 2014. The campus is lo- cated close to Inya Lake on the Yangon-Insein road and will provide education for children in Early Years and Primary project in Myanmar. “We’ve recognised that there is an acute shortage of quality international style schooling here. As the need for school plac- es from multinationals and diplomatic missions mounts our initial priority campus as quickly as pos- sible,” Fry said. ish School Yangon will host around 100-150 students. With the move into a purpose-built facil- ity the school expects to eventually grow to a pop- ulation of more than 1000 students, BSF said. “We are working on a purpose built facility to accommodate 1000-plus students. Further down the line as the country continues to develop we will be looking at needs in other cities,” Fry added. Adam Johnson, head- master of the British School Yangon, said, “The school will follow the Eng- lish National Curriculum, adapted to the schools context in Myanmar.” He said, however, the school will “go beyond the requirements of the standardised curriculum” and provide many addi- tional opportunities for personal development. “Sports, music, drama and educational trips are all an integral part of the school.” BSF said small class siz- es allow teachers to focus on the individual needs of each pupil, and all Brit- ish School Yangon teach- ers will have professional credentials from the UK with relevant experience in delivering the English National Curriculum. Native English speaking teaching assistants will also support each class, it added. “The level of interest from parents has been fantastic,” said Johnson. “The shortage of high quality international schools is apparent and we are very excited to school group in Yangon to Curriculum.” BSF is a UK registered tion established for the purpose of promoting British-style education worldwide. Its network of schools is one of the larg- est in the world today, with 10 schools spanning 3 continents and 9 coun- tries. “BSF has an outstand- ing record of attracting tivated teachers, support- ed by the reputation of the foundation. BSY will tablished schools to make sure quality standards are quickly embedded in the school,” said Johnson, who has 10 years of ex- perience within the BSF as teacher, deputy Head Teacher and Headmaster. “The hallmark of a good school is that it goes be- yond the focus on aca- demic study and empha- sises the development of the character of each child. We aren’t just pre- paring pupils for further education but for success in life as a whole. Many BSF pupils expect to pur- sue highly successful ca- reers, some even as lead- ers in society. We see it as our duty to ensure they leave us well prepared and with a good set of val- ues.” NAdwdeftajcpdkufBritishSchools Foundation (BSF) onf British International School Yangon udk wnfaxmifcJhNyD; jrefrmEdkifiHynma&;u@zGHUNzdK; wdk;wufvm&eftwGuf tult nDaumif;wpfckyifjzpfaMumif; od&onf/ BSF onf urÇmwpf0ef;wGif NAdwdef ynma&;pepfyHkpHtm; tcsdefMumjrifhpGmtaumiftxnf azmfaqmif&GufcJhonfh azmifa'; &Sif;wpfckyifjzpfaMumif; BSF Ouú|jzpfol Stewart Fry u ajymMum;cJhonf/ BSF tzGJUtpnf;rS aqmif&Guf cJhonfhausmif;rsm;taejzifhynm a&;t&nftaoG;aumif;rsm;udk tcdkiftrm&Sdap&eftwGuf rdrdwdkY taejzifh BudK;yrf;cJhovdk &efukef &Sd ausmif;topfrSmvnf; tqdkyg t&nftaoG;rsm;ESifhudkufnDatmif aqmif&GufoGm;rnfjzpfaMumif; jrefrmEdkifiHwGif tjynfjynfqdkif &mpHcsdefpHñTef;rsm;ESifhudkufnDNyD; t&nftaoG;aumif;rGefaom ausmif;aumif;rsm;&Smyg;aeonfh twGuf BSF taejzifh ,ckuJhodkY EdkifiHwumtqifhrDausmif;tm; wnfaxmifjcif;jzpfNyD; jrefrmEdkifiH ynma&;u@twGuf tvm; tvmaumif;wpf&yfvnf;jzpf onf/ yxrESpftwGif; British SchoolYangon rS ausmif;om; aygif; 100 rS 150 txd ac:,l oGm;rnfjzpfNyD; wjznf;jznf;ESifh OD;a& 1000 ausmftxd ausmif; tyfvufcHoGm;Edkif&efvnf; aqmif &GufoGm;rnfjzpfaMumif; BSF rS ajymMum;cJhonf/ rdrdwdkYtaejzifhausmif;om;aygif; 1000ausmfudk ynma&;0efaqmif rIrsm;ay;&eftwGuf BudK;yrf;ae jrefrmEdkifiHtaejzifh vmrnfhtem *wfwGif ydkrdkzGHUNzdK;vmrnfjzpfonfh twGuf tjcm;NrdKUrsm;wGifvnf; pmoifausmif;rsm;udk wnfaxmif &eftpDtpOf&SdaeaMumif; od& onf/British School Yangon taejzifh English National Curriculum udk&efukef&Sd ausmif; wGif jy|mef;toHk;jyKoGm;rnfjzpf aMumif; od&onf/ sis of each and every bid inevitably takes time,” Nomita said. “When the tenders were MOGE did say that the awards could take up to year. Investors are ad- vised to remain patient and not expect things to happen overnight.” Theministrysaiditwould receive $226.1 million as a “signature bonus” from begins on the 10 shallow water and 10 deep water blocks – $91 million will come from shallow water block signings and $135.1 million from the deepwater block signings. “This amount is the largest we have received in history,” the ministry said in a statement. Myanmar’s oil and gas sector attracts the larg- est share of foreign in- vestment, accounting for $13.6 billion, or 40 percent, of total accumu- lated foreign investment through September, ac- cording to the Central Statistical Organisation (CSO). Most of Myanmar’s cur- rent hydrocarbon pro- duction is natural gas. tistics, the country ex- ported $3.7 billion worth 2013, mostly to Thailand, up from $3.5 billion the year before. The country’s proven natural gas reserves to- talled 7.8 trillion cubic feet (tcf) at the end of 2012, according to BP’s Statistical Review of World Energy. A total of 160 local com- panies have registered with the Ministry of En- ergy as potential part- ners for winners of the shallow-water blocks, but industry sources say only a few of them have any oil and gas experience. Contracts winners will have to complete environ- mental and social impact assessments and submit reports to the Investment Commission before start- ing operation. “This award is in line with BG Group’s strategy to focus on securing pro- spective frontier acreage and enter, on average, one new basin each year,” Britain’s BG Group, which teamed up with Woodside and won four blocks, said in a statement. Myanmar’s energy ministry said a total of 68 companies from across the world origi- nally expressed interest in the auction, which was launched in April, with 30 ting proposals. blocks were originally up for auction and it is un- clear when the remaining 10 sites will be awarded. George Kirkland, vice chairman and executive vice president, Chevron Corp, said: “The explora- tion of this block is aligned with Chevron’s long-term strategy to seek opportu- nities to provide energy to a growing region.” “We are pleased with the result of this bid round and the opportu- nity to evaluate the poten- tial of this strategic acre- age,” said Melody Meyer, president of Chevron Asia Production Company. “We have a 20-year his- tory in Myanmar, and we look forward to support- ing the continued devel- opment of the nation’s energy sector through the exploration of this pro- spective block.” Troy Hayden, managing director and CEO of Tap Oil, which teamed up with ROC Oil and won the M-7 shallow water block, said, “Myanmar is potentially a world class hydrocar- bons province and as part of Tap’s Southeast Asian growth strategy.” Erling Vagnes, Statoil’s senior vice president for the region, said he was optimistic about the pe- troleum potential in an area that he said was “vir- tually unexplored.” “With this award, we have accessed at scale in another frontier acreage line with our exploration strategy,” he said. The Myanmar contract is Sta- jrefrmEdkifiHonfurf;OD;a&wdrf vkyfuGuf 10 ckESifh urf;vGefvkyf uGuf 10 ckwdkYtwGuf vkyfydkifcGifh rsm;udk a&eHukrÜPD 13 cktm; csxm;ay;cJhNyD; vGefcJhonfhESpfwGif wif'gac:qdkrIvkyfief;pOfudkpwif aqmif&GufcJhaMumif; 0efBuD;Xme 0ufbfqdkufwGif vGefcJhonfh tywfu a&;om;azmfjycsuft& od&onf/ urf;vGefa&eufydkif;vkyfuGuf rsm;udk vkyfydkifcGifh&&Sdonfhvkyfief; rsm;taejzifh vkyfuGufrsm;wGif a&eHESifhobm0"mwfaiGU&SmazGrI aqmif&GufEdkifrnfjzpfaomfvnf; urf;OD;a&wdrfydkif;vkyfuGufrsm;tm; vkyfydkifcGifh&&Sdxm;onfh vkyfief;rsm; taejzifh jynfwGif;vkyfief;wpfck ESifhtusKd;wlyl;aygif;vkyfaqmif oGm;&rnf[kvnf; od&onf/ Students at British School Kuala Lumpur. BSKL BSKL
  10. 10. April 3-9, 2014 Myanmar Business Today LOCAL BIZ 10 Myanmar Summary ANewEasternAxis? M yanmar’s democrati- sation is leading to its opening up and grow- ing importance for existing and newer regional powers. Recent Japanese assertiveness in the country also sends a clear sig- nal against China’s growing the tension spilling over from World War II, both countries share the common ground of wanting to maintain a safe dis- tance from China, which is why Japan-Myanmar relations are at an all-time high. Japan’s assistance in helping build up Myanmar has deep- - cantly, Japan has appointed a special envoy for national reconciliation in Myanmar to facilitate dialogue between the government there and ethnic minorities. Japan’s support to ethnic groups by supplying them with essential food com- modities and medical stocks is commendable. Japan’s geopolitical ambi- tions and expanding economic footprint pose a serious chal- lenge to the traditional regional powers in Myanmar. It has of- fered economic aid to support the development of the coun- try’s infrastructure in the hopes of improving the investment climate there. Its total invest- ment up to 2013 stands at $292 million, which is nowhere close to China’s $14 billion. Never- theless, its engagement strategy attempts to counter China’s in- Myanmar will use Japanese loans to the tune of $610 mil- lion for the implementation of Sonu Trivedi four projects – upgrading the Yangon-Mandalay railroad and Yangon’s water supply, and de- veloping the Thilawa port and irrigation facilities in the west- ern Bago region. Moreover, Japan has been providing as- sistance for the development of Myanmar’s communication and - ing to train Myanmar police by conducting technical courses. The Japanese government is also involved in grassroots hu- man security projects in Bago and Taninthayi regions as well as in Kachin state. The visit of Japanese Prime Minister Shinzo Abe to Myan- 1977 – was noteworthy. This was followed by the cancella- tion of $3.7 billion of debt. Ja- pan has further pledged to de- velop a special economic zone in Thilawa, which is expected to promote industrial develop- ment and create employment opportunities. Japan has also shown willingness to help in de- veloping the Dawei port along with Thailand. There has also been a request for help to pro- mote vocational training and agronomy education in Myan- mar. Further, Japanese com- panies also participated in the Japan festival held recently in Yangon. But they must make responsible investments and be careful not to follow China’s example of partnering with for- mer junta cronies. So far as India is concerned, it’s stepping up its development cooperation with Myanmar, in light of the latter’s continuing reform process and their his- torical and cultural ties. India is trying to leverage its “soft” power and foster deeper eco- nomic and business links with Myanmar. Compared to China’s mostly commercial involvement in the country, India and Japan have focused on infrastructure development, capacity building and humanitarian assistance. This is in line with Nobel lau- reate Aung San Suu Kyi’s vi- sion. According to her, “when you help either in the form of development programmes or humanitarian programmes, I want the people involved to gain skills so that they earn and they learn”. India has been particularly instrumental in setting up cen- tres for industrial training and enhancement of IT skills, and other such capacity-building programmes. Prime Minister Manmohan Singh’s visit to My- anmar earlier this month, the second in the last two years, is evidence of the countries’ closer ties. India’s mega project to de- velop the Sittwe port along the same lines as Japan’s Thilawa and Thailand’s Dawei projects must also be acknowledged. The project envisages enhanc- ing connectivity between India and Myanmar, which will lead to the development of trade be- tween the two countries. It will also contribute to the economic development of Mizoram and other Northeastern states. The ambitious trilateral highway linking India, Myanmar and Thailand, likely to be completed by 2016, adds another dimen- sion to the emerging security architecture in the region. this growing alliance has deeper consequences for the region as well. The coming together of Japan and Thailand in Myan- mar, and now India’s invitation to Japan to invest in and build overland infrastructure in the Northeast, is going to outplay Chinese dominance in the re- gion. Furthermore, Japanese development of the Chennai port and plans to link it with Dawei are indications of Japan, India and Thailand coming to- gether and forming an axis in a bid to confront China in Myan- mar. India’s growing closeness to Japan and recent maritime security exchanges have been viewed as a strategic attempt to challenge Chinese dominance and gain an advantage, which architecture of the region. The writer teaches political science at Zakir Husain Col- lege, University of Delhi. jrefrmEdkifiH'Drdkua&pDtajymif;tvJ aMumifh pD;yGm;a&;wHcg;zGifhaqmif&GufrI&Sd vmovdk a'owGif;&Sd EdkifiHrsm;yg0g tm;NydKifrItwGufvnf;ta&;ygonfhtae txm;wGif&Sdaeonf/rMumao;rDumv twGif; jrefrmEdkifiHtm; *syefEdkifiHrS tultnDtaxmufyHhaumif;rsm;pGmay; tyfvmNyD; jrefrmEdkifiHwGif; w½kwf vTrf;rdk;rIudk z,f&Sm;&eftwGufjzpfaMumif; odomxif&Sm;onfhvu©Pmwpf&yfyif jzpfonf/ jrefrmEdkifiHESifh *syefEdkifiH ESpfEdkifiHpvHk; taejzifhw½kwfEdkifiHvTrf;rdk;rIudkxdef; csKyf&eftwGuf tajccHtm;jzifh wlnDonfh oabmxm;&SdaeNyD; xdktcsufaMumifh *syef-jrefrmqufqHa&;rSmtaumif;qHk; taetxm;odkYa&muf&Sdvmjcif;jzpfonf/ jrefrmEdkifiHtm; cdkifrmpGmjzifh jyefvnf wnfaqmuf&eftwGuf *syefEdkifiH taxmuftyHhtultnDrsm;rSm yl;aygif; aqmif&GufrIudk ydkrdkav;eufapovdk jrefrm tpdk;&ESifhvlrsKd;pkrsm;tMum; y#dyu©rsm; ajyNidrf;vsuf trsKd;om;&ifMum;apha&; twGufvnf; *syefEdkifiHrS txl;oHwref wpf&yftaejzifhyg0ifaqmif&Gufaeonf/ *syefEdkifiHonfvlrsKd;pktzGJUtpnf;rsm; tm; vdktyfaom tpm;tpm? toHk; taqmifypönf;rsm;ESifhaq;0g;ypönf;rsm; axmufyHhay;jcif;rsm;vnf;&Sdaeonf/ *syefEdkifiHyx0DEdkifiHa&;t& &nfrSef; csufESifh pD;yGm;a&;csJUxGifvmrIrSm jrefrm EdkifiHwGifa'owGif;yg0gtm;NydKifrIwpfck yifjzpfNyD; jrefrmEdkifiHtajccHtaqmuf ttHku@zGHUNzdK;wdk;wufa&;twGuf pD;yGm; a&;taxmuftyHhaumif;rsm;udk ay;tyf ulnDcJhovdk &if;ESD;jr§KyfESHrI0ef;usifaumif; wpfckjzpfwnfvm&eftwGufvnf;0dkif;0ef; BudK;yrf;vsuf&Sdonf/2013 ckESpfwGif*syef EdkifiH jrefrmEdkifiHwGif;&if;ESD;jr§KyfESHrIrSm tar&duefa':vm 292 oef;txd&SdcJh NyD; w½kwfEdkifiH&if;ESD;jr§KyfESHrIyrmPrSm tar&duefa':vm 14 bDvD,H&SdcJhonf/ jrefrmEdkifiHrSvnf;*syefEdkifiHw&m;0if zGHUNzdK;wdk;wufa&;taxmuftyHhacs;aiG rsm;tm; pDrHudef; 4 cktm; taumif txnfazmf&eftwGuf toHk;jyKoGm;rnf jzpfonf/ tqdkygpDrHudef;rsm;rSm &efukef-rEÅav; ta0;ajy;vrf;rBuD;tqifhjr§ifhwifrIESifh &efukefNrdKUwGif;a&axmufyHhay;rIpepf? oDv0gqdyfurf;zGHUNzdK;wdk;wufrIESifh yJcl; wdkif;a'oBuD;taemufydkif;wGif qnf ajrmif;pDrHudef;rsm;tp&SdonfwdkYyifjzpf onf/ xdkYtjyif *syefEdkifiHrS jrefrmEdkifiH qufoG,fa&;ESifhpmydkY0efaqmifrIpepf rsm; wdk;wufvmap&eftwGufvnf; taxmuftyHhrsm;ay;aeNyD; jrefrmEdkifiH rS &J0efxrf;rsm;tm; enf;ynmoifwef; rsm;udk ydkYcsay;Edkif&eftwGuf BudK;yrf;cJh onf/ 2013 ckESpf arvwGif *syef0efBuD;csKyf &SifZdktmab;onf jrefrmEdkifiHodkYa&muf&Sd vmcJhNyD; 1997 ckESpfaemufydkif;twGif; jrefrmEdkifiHodkY yxrOD;qHk;tBudrftjzpf *syefEdkifiHrStBuD;tuJwpfOD;jrefrmEdkif iHodkYa&muf&Sdvmjcif;jzpfonf/,if;aemuf wGif jrefrmEdkifiHrS wif&Sdaeaoma<u;NrD tar&duefa':vm 3 'or 7 bDvD,H tm; y,fzsufay;cJhonf/oDv0g&Sd txl; pD;yGm;a&;ZkefzGHUNzdK;wdk;wufrItwGufvnf; *syefEdkifiHrSaemufxyftultnDrsm;ay; &ef uwdu0wfjyKcJhNyD; oDv0gtxl; pD;yGm;a&;Zkefonf pufrIzGHUNzdK;wdk;wufrI ESifh tvkyftudkiftcGifhtvrf;aumif;rs m;udkzefwD;Edkifrnfjzpfonf/tvm;wl yif xm;0,fqdyfurf;pDrHudef;tm;taumif txnfazmf&eftwGuf xdkif;EdkifiHESifhtwl 0ifa&mufaqmuf&GufoGm;zG,f&SdaMumif; vnf; od&onf/rMumao;rdu &efukef ü jyKvkyfusif;ycJhaom *syefyGJawmfwGif vnf; *syefukrÜPDrsm; yg0ifcJhMuonf/ "Recent Japanese assertiveness in the country also sends a clear signal against China’s growing influence there. Setting aside the tension spilling over from World War II, both countries share the common ground of wanting to maintain a safe distance from China, which is why Japan-Myan- mar relations are at an all-time high." Reuters
  11. 11. April 3-9, 2014 Myanmar Business Today LOCAL BIZ 11 Myanmar Summary Myanmar Summary Gov’t to Spend Over $26m in M yanmar will spend over $26 million on hydropower projects according to the Union Budget Bill 2014. The Hydropower Implemen- tation Department under the Ministry of Electric Power will spend about $8 million for equipment for the upper Yeywa hydropower project, $8 million for Thahtay hydropower project and $4 million for the upper Kengtung project, according to the budget bill. The funding will come from Kyaw Min China and other aid agencies. A total of $2 million in Chi- nese loans will be provided to Golden Energy Co, which op- erates Thayyaykhat (2) project, and over $3 million will go to Future Energy Co, which will implement Beluchaung (3) pro- ject. The state-owned enterprises will spend more than $243 mil- lion on various projects, while Japan will assist with the ren- ovation of Beluchaung No.2 power plant, the bill said. Yangon City Electricity Sup- ply Board (YESB) will also use loans from other international aid agencies such as Japan In- ternational Cooperation Agency (JICA) and Asian Development Bank (ADB). 2014-2015 b@ma&;ESpfwGif jrefrm EdkifiHtaejzifh a&tm;vQyfppfpDrHudef;rsm; wGif tar&duefa':vm 26 oef;ausmf toHk;jyKoGm;rnfjzpfaMumif; od&onf/ vQyfppfpGrf;tm;0efBuD;Xmevufatmuf &Sda&tm;vQyfppftaumiftxnfazmfa&; OD;pD;Xmetaejzifh txuf&J&Gma&tm; vQyfppfpDrHudef;twGuf tar&duefa':vm &Spfoef;eD;yg;toHk;jyKoGm;rnfjzpfNyD; olaX;a&tm;vQyfppfpDrHudef;twGuf tar&duefa':vm&Spfoef;tjyif txuf usKdif;awmifa&tm;vQyfppfpDrHudef; twGuf tar&duefa':vm av;oef; toHk;jyKoGm;rnfjzpfaMumif; bwf*suf rlMurf;t& od&onf/ pDrHudef;rsm;twGuf vdktyfonfhaiGaMu; axmufyHhrIrsm;udk w½kwfEdkifiHESifhtjcm; taxmuftyHhtultnDay;onfhat*sifpD rsm;rS ulnDay;oGm;rnfjzpfonf/EdkifiH ydkifvkyfief;rsm;rSvnf; pDrHudef;toD;oD; wGif tar&duefa':vm 243 oef;ausmf udk toHk;jyKoGm;rnfjzpfum *syefEdkifiH taxmuftyHhtultnDjzifh bDvl;acsmif; trSwf(2)vQyfppf"mwftm;ay;puf½Hkudk tqifhjr§ifhwifrIjyKvkyfoGm;rnfjzpfaMumif; od&onf/ Business Partnerships Will Help Growth in Myanmar in 2015: KPMG Positive local and foreign business partnerships could be a win-win B usiness partnerships through merger and ac- quisition, joint-ventures or strategic alliances will be a driver for business expansion in Myanmar going forward into 2015, said Managing Partner of KPMG in Myanmar Yasuhide Fujii. “Opportunities in Myanmar are increasing for business, but so is competition. Looking for- the pinch as international com- panies move in on their turf,” said Fujii. Wai Linn Kyaw “We’re starting to see cases where it would make more busi- ness sense for local and inter- and complement each other, in- stead of competing, in order to become sustainable in the long term. Local and international their distinct strengths. We could see some positive part- nerships down the road.” - tered Myanmar after the easing of international sanctions, has assisted a number of interna- tional clients to successfully set up businesses in the once- closed economy. The auditing giant said the government is continuing to - ing the legal system following the enactment of the Foreign Investment Law in 2012. At the very beginning of this year, the government enacted the Spe- cial Economic Zone law which grants income tax exemptions for 7 years and 5 years to busi- nesses in the free zone and the promotion zone respectively. Other important bills have been proposed, including amendments to the land laws, the foreign investment law, the Small Medium Enterprises De- velopment bill, the Condomini- um bill, an amendment to the Mining Law. “We are well aware of the pace of change in Myanmar. One way that we can help the busi- ness community is by holding The KPMG Myanmar Business Forum on a quarterly basis to keep business people up to date about what’s going on, what to look forward to and how to deal with the challenges in Myan- mar,” said Fujii at KPMG’s third Myanmar Business Forum The forum discussed on key points for doing business in Myanmar through merger and acquisition, joint-ventures and strategic alliances. The panel discussion featured business- people with experience of the trends relating to their business activities in Myanmar. “The KPMG Myanmar Busi- ness Forum attracts both local and foreign business people who come together to share ideas and experiences. The business environment in My- anmar is changing very fast and we are keen to play our part in equipping business leaders with knowledge that will help them navigate the evolving business environment,” added Fujii. 2015 ckESpfwGif jrefrmEdkifiH zGHUNzdK; wdk;wufrIrsm;qufvufjzpfay:NyD; pD;yGm; a&;vkyfief;rsm; wdk;wufvmrItwGuf pD;yGm;a&;vkyfief;vkyfief;0,f,lrIrsm;? tusKd;wlyl;aygif;aqmif&GufrIrsm; odkYr [kwf r[mAsL[muszGJUpnf;aqmif&GufrI rsm;uarmif;ESifay;vdrfhrnfjzpfaMumif; KPMG rS tBuD;tuJwpfOD;jzpfol Yasuhide Fujii u ajymMum;cJhonf/ jrefrmEdkifiHwGif pD;yGm;a&;vkyfief;rsm; twGuf tcGifhtvrf;aumif;rsm;rSm wdk;wufjzpfxGef;aeNyD; vkyfief;NydKifqdkif rIrsm;vnf;&Sdvmrnfjzpfonf/tcsKdUjynf wGif;vkyfief;rsm;taejzifh tjynfjynf qdkif&mvkyfief;BuD;rsm;udk r,SOfEdkifrnf udkpdk;&drfrIrsm;vnf;&Sdaeonf/vkyfief; NydKifqdkifrIxuf jynfwGif;ESifhtjynfjynf qdkif&mvkyfief;rsm; twlwuGyl;aygif; vkyfaqmifEdkifNyD; ESpfOD;ESpfzuftusKd;jzpf xGef;apaompD;yGm;a&;yHkpHrsKd;udkzefwD;&ef twGuf rdrdwdkYtaejzifh BudK;yrf;oGm;rnf jzpfum a&&SnfwnfwHhzGHUNzdK;wufaom pD;yGm;a&;tjzpf zefwD;Edkif&efjzpfaMumif; Fujii u ajymMum;cJhonf/ jynfwGif;ESifhtjynfjynfqdkif&mvkyfief; rsm;&SdaeNyD; xdktiftm;rsm;udk yl;aygif; aqmif&Gufapjcif;jzifh a&&SnfwnfwHhzGHUNzdK; rIvrf;aMumif;ay:odkY a&muf&SdvmEdkifzG,f &Sdaeonf/ tjynfjynfqdkif&mrS pD;yGm;a&; ydwfqdkYrIrsm;udk ajzavQmhay;cJhNyD;aemuf wGif jrefrmhaps;uGufodkY w&m;0ifjyefvnf 0ifa&mufvmcJhonfh KPMG onf jrefrmEdkifiHodkY 0ifa&mufcJhonfh vkyfief; rsm;teuf yxrOD;qHk;vkyfief;wpfckjzpf NyD; wpfcsdefu wHcg;ydwfpD;yGm;a&;usifhoHk; cJhaom jrefrmEdkifiHwGif ,cktcg pD;yGm; a&;vkyfief;rsm;tqifajyajywnfaxmif vnfywfEdkif&eftwGuftjynfjynfqdkif&m rS azmufonfrsm;udk atmifjrifpGm taxmuftyHhaumif;rsm;ay;aeonfh vkyfief;BuD;wpfckvnf;jzpfonf/ WaiLinnKyaw Files
  12. 12. April 3-9, 2014 Myanmar Business Today LOCAL BIZ 12 Myanmar Summary Myanmar Summary Myanmar Summary Brunei’s Sultan to Visit Myanmar to Boost Ties B runei’s Sultan Haji Has- sanal Bolkiah Muizzad- din Waddaulah will pay a state visit to Myanmar in a bid to boost bilateral ties between - nouncement said without speci- fying the date of his visit. The sultan’s upcoming Myan- mar visit comes after President U Thein Sein visited Brunei in December 2012. The small island nation of Brunei is the 7th largest trade partner of Myanmar among ASEAN nations, and mostly trade gems, jade and jewellery with Myanmar. In July 2007, Brunei exempt- products imported from My- anmar under the ASEAN Inte- Shein Thu Aung gration System of Preference program in a bid to boost the country’s textile production. Myanmar and Brunei estab- lished diplomatic ties between the two countries in 1993. b½lEdkif;EdkifiHbk&ifonf jrefrmEdkifiHodkY vma&mufrnfjzpfNyD; ESpfEdkifiHtMum; cspfMunf&if;ESD;umqufqHa&;ydkrdkwdk;wuf aumif;rGefvmap&eftwGufjzpfaMumif; w&m;0ifxkwfjyefaMunmcsufwpfckt& od&NyD; rnfonfhtcsdefwGif vma&muf rnfjzpfaMumif;udk tao;pdwfajymMum; jcif;r&SdaMumif; od&onf/ 2012 ckESpf 'DZifbmvwGif EdkifiH awmfor®wOD;odef;pdefonf b½lEdkif;EdkifiH odkY oGm;a&mufcJhNyD;aemuf ,ckuJhodkY b½lEdkif;bk&ifrS jrefrmEdkifiHodkY vma&muf vnfywf&ef pDpOfcJhjcif;jzpfonf/ Thai Beverage aom OishiGroupPublicCompany Limited onf jrefrmEdkifiHwGifpm;aomuf qdkifvkyfief;rsm;udkcsJUxGifvkyfaqmifoGm; &eftwGuf&if;ESD;jr§KyfESHrIpDrHudef;wpf&yf udktwnfjyKvdkufNyDjzpfaMumif;xkwfjyef aMunmcJhonf/ 'g½dkufwmbkwftzGJU0if rsm;taejzifhpifumylEdkifiH&Sd Oishi Group rS vkyfief;cGJjzpfaom Oishi F&B (Singapore) Pte Ltd (OSPL) ESifh jrefrmEdkifiH&Sd CM Foods Co Ltd (CM Foods)wdkYtMum;yl;aygif;aqmif&GufrI qdkif&m&if;ESD;jr§KyfESHrIoabmwlnDcsufudk oabmwlcGifhjyKay;cJhNyD; jrefrmEdkifiHwGifpm; aomufqdkifvkyfief;rsm; wdk;csJUaqmif&Guf Edkif&efjzpfaMumif;od&onf/ jynfaxmifpkor®wjrefrmEdkifiHawmf Edkif iHawmfor®wOD;odef;pdefuEdkifiHpkpkaygif; jynfwGif;xkwfukefwefzdk;wdk;wufrI EIef;tm;5 &mcdkifEIef;xufavsmhusrIr&Sdap &eftwGuf BudK;yrf;vkyfaqmifoGm;&rnf [kwdkufwGef;vdkufaMumif;od&onf/ or®wOD;odef;pdefonf or®woufwrf; 3 ESpfjynfhrdefYcGef;ajymMum;&mwGiftxuf yg twdkif;wdkufwGef;ajymMum;cJhjcif;jzpf onf/ aps;uGufpD;yGm;a&;ay:vpDrsm;wGif atmifjrifpGmaqmif&GufEdkifcJhonfhtcsuf rsm;udkxkwfazmfajymMum;cJhNyD;EdkifiHjcm;&if; ESD;jr§KyfESHrIrsm;udkpGJaqmifEdkifcJhovdktvkyft udkiftcGifhtvrf;aumif;rsm;zefwD;ay;Edkif NyD; enf;ynmydkrdkwdk;wufvmaprnfhtxl; pD;yGm;a&;Zkefrsm;wnfaxmifrIudpö&yfrsm; udkvnf;ajymMum;cJhonf/ EdkifiHjcm;&if;ESD; jr§KyfESHrIrsm;udkpGJaqmifEdkif&eftwGuf1988 ckESpf&if;ESD;jr§KyfESHrIOya'tpm; EdkifiHjcm;&if; ESD;jr§KyfESHrIOya'opfudk2012ckESpfEdk0if bmvwGifjy|mef;cJhonf/ pD;yGm;a&;ydwfqdkYrIrsm;ajzavQmhrIrjyKvkyf cifEdkifiHjcm;&if;ESD;jr§KyfESHolrsm;taejzifhjref rmEdkifiHowåKwGif;u@üomtrsm;qHk; &if;ESD;jr§KyfESHcJhMuaMumif;ESifh,cktcg &if;ESD; jr§KyfESHrItcsdK;rSmajymif;vJvmNyD;aqmuf vkyfa&;ESifhpufrIu@rsm;wGifvnf; &if; ESD;jr§KyfESHrIrsm;0ifa&mufvmaMumif; or®wBuD;u ajymMum;cJhonf/ jzpfaom xdkif;EdkifiH pD;yGm;a&; tiftm;xuf oHk;&mcdkifEIef;avsmh enf;aeaMumif; urÇmhbPf tcsuftvufrsm;t& od&onf/ xdkYtjyif vlOD;a&uGmjcm;rIrSm vnf; 10 &mcdkifEIef;txd&Sdae onf/rdrdwdkYtaejzifhyl;aygif;aqmif &GufrI toD;tyGifhrsm;udk rQa0 cHpm;oGm;&rnfjzpfaMumif; Yoma Ouú|jzpfaom Serge Pun utmqD,H xdyfoD;aqG;aEG;yGJwGif ½dkufwmo wif;XmeodkY ajymMum;cJhonf/,ck ESpfwGif tmqD,HOuú| &mxl;tm; jrefrmEdkifiHrSwm0ef,laqmif&Guf oGm;&rnfjzpfNyD; jrefrm EdkifiHtaejzifh 2011 ckESpfuwnf; rSpít&yfom;tpdk;&rStkyfcsKyf a&;wm0efrsm;udkpwifxrf;aqmif cJhNyD; EdkifiHjcm;&if;ESD;jr§KyfESHrIrsm;udk qGJaqmifvsuf&Sdonf/ tm&S'kwd,tqif;&JqHk;EdkifiH jzpfaom jrefrmEdkifiHwGif ukrÜPD rsm;rS aiGvHk;aiG&if;xnfh0if&ef twGuf pawmhaps;uGufr&Sdao; ovdk EdkifiHjcm;bPfrsm;taejzifh vnf; bPfcGJrsm; zGifhvSpfEdkifjcif; r&Sdao;bJ udk,fpm;vS,f½Hk;rsm;udk omzGifhvSpfcGifhay;xm;NyD;tBuHay; 0efaqmifrIrsm;udkom axmufyHh ay;Edkifao;aMumif; od&onf/ rdrdwdkYtaejzifh b@ma&;u@ tm; zGHUNzdK;wdk;wufvmap&ef twGuf tcsdef,laqmif&GufoGm;& rnf[k xifrdaMumif;ESifh b@m a&;u@rSmpD;yGm;a&;zGHUNzdK;wdk;wuf rItwGuf ta&;tygqHk;tcef; u@wpfckjzpfaMumif; Pun u ajymMum;cJhonf/ Thai Beverage Subsidiary Establishes JV in Myanmar Aims to expand restaurant business T hai Beverage has an- nounced that its sub- sidiary, Oishi Group Public Company Limited, has approved the project of invest- ment in expansion of restaurant business in Myanmar. Oishi’s board of directors has also approved the investment in the joint venture company between Oishi F&B (Singapore) Pte Ltd (OSPL), an indirect subsidiary of Oishi Group in Singapore, and CM Foods Co Ltd (CM Foods) in Myanmar to serve the expansion of restau- rant business. The investment proportion of OSPL will not exceed 40 million baht ($1.29 million), the com- pany said. Pann Nu The JV is set to be incorpo- rated by May. President Wants GDP Growth “No Less Than 5pc” M yanmar President U Thein Sein last week realise the country’s annual Gross Domestic Product (GDP) growth target of no less than 5 percent. U Thein Sein made the re- marks in the parliament on the occasion of the third anniver- government. He underlined that achieve- ments have been made to some extent in economic market pol- icy, attracting foreign invest- ment and establishing Special Economic Zones which resulted in creating job opportunities and possessing higher technol- ogies. On attracting foreign direct investment into the country, Myanmar’s new Foreign In- vestment Law was enacted in November 2012, replacing the 1988 version. Foreign investors mainly in- vested Myanmar’s mining sec- tor before lifting sanctions on the country, he said, adding that nowadays the ratio of in- vestment has changed and the - tion and industrial sectors. He pointed out that in 2013, Myanmar’s FDI amounted to Aye Myat $3.5 billion which was injected into manufacturing, hotel and tourist sectors, up from $1.4 bil- lion in 2012. It is expected that investment will be high in such sectors as telecom, airport projects, spe- cial economic zones and gar- ment. As for tourist sector invest- ment, he said Myanmar attract- ed over 2 million tourists last to reach over 3 million in 2014 and 5 million in 2015. He pledged that the govern- ment will help to develop com- modity production of ethnic en- trepreneurs in the country. Dealing with Framework of Economic Social Reform (FESR) which was completely drawn at the end of 2012, he said that Myanmar has won support from international or- ganisations and most foreign countries. Myanmar secured $6-billion debt relief from Norway, Japan, Germany and other Paris Club creditor countries due to the vigorous reform process under the Framework of Economic Social Reform (FESR), he said. The president added that gov- ernment and private entrepre- neurs would cooperate in Small and Medium Enterprises (SME) sector development. - rd ASEAN Summit in Bandar Seri Begawan, capital of Brunei. MaPing/Xinhua th regular session of the union parliament in Nay Pyi Taw. UAung/Xinhua
  13. 13. April 3-9, 2014 Myanmar Business Today REGIONAL BIZ 13 Myanmar Summary Myanmar Summary China Economic Growth on Track, No Immediate Need for Stimulus: ADB China’s growth seen around govt target of 7.5pc this year Kevin Yao C hina’s economy may still grow around 7.5 percent this year despite signs of a slowdown, and there is no imme- diate need for the government to roll out fresh stimulus measures, Asian Development Bank (ADB) President Takehiko Nakao said. - nance minister for international China’s annual economic growth to be still roughly in line with the government’s target, although there may be “ups and downs”. ADB is revising its forecast on China’s growth for 2014, current- ly at 7.5 percent, he said, but did not elaborate. Chinese leaders face a chal- lenge to keep the world’s second- largest economy on an even keel while forging ahead with a long list of market-based reforms an- nounced at a key party meeting late last year, he said. He said that some short-term stimulus might be necessary to smooth out volatility in the econ- omy, but there was no immediate need as growth remains healthy due to the country’s ongoing ur- banisation and rising consump- tion. “At this moment, I don’t think China needs to resort to a stimu- lus package,” he said, adding that the economy will likely grow at a rate of around 7.5 percent. “China is still in the process of urbanisation, and people need places to live. Consumption is growing very fast, more than growth of the economy,” he said. Concerns about the health of the Chinese economy are mount- ing after a string of data showed growth is slowing more sharply than expected in early 2014, rais- ing doubts if the growth target can be met in the absence of fresh stimulus. Activity in China’s factories in March, a preliminary private survey showed on Monday, rais- ing market expectations of gov- ernment stimulus to arrest a loss of momentum in the world’s sec- ond-largest economy this year. Economists in a Reuters poll had earlier predicted China’s growth will slow gradually over the next two years as the govern- ment forges ahead with struc- tural reforms and seeks to curb elevated debt levels to help create long-term sustainable growth. The economy expanded 7.7 per- cent in 2013, hovering near its weakestpacesincethelate1990s. Debt problems manageable Nakao said he was impressed by Chinese leaders’ commitment to market-oriented reforms to help put the economy on a more sustainable footing, but they needed time to implement them. Liberalising interest rates and the currency regime in China should “go hand in hand”, and in- terest rate liberalisation could be carried out in a step by step man- risks, he said. China’s debt problems remain manageable as the economy reforms – including giving prov- inces more revenues to match their responsibilities – will be vi- tal for dealing with the root cause of the issue, he said. “Some companies or local gov- go bankrupt if their management is not strong enough, this can happen in any country, but the issue is whether it becomes a sys- temic issue for the economy or not,” he said. Earlier this month, loss-making Shanghai Chaori Solar Energy Science and Technology Co Ltd missed a bond interest payment, - fault of its kind and an event seen as a landmark for market disci- pline in the economy. He said Asian economies were more prepared to cope with any economic turbulence and the re- gion’s fundamentals were much stronger than there were during late 1990s. “They are more prepared to take action quickly if there are signs of instability,” he said. “Fragility? I don’t buy that idea. Of course, we cannot be compla- cent, we should always be pre- pared.” Japan’s monetary policy eas- ing, which has supported the economy and boosted the coun- try’s foreign direct investment withdrawal of US monetary stim- ulus, Nakao said. Reuters w½kwfEdkifiH pD;yGm;a&;wdk;wufrIrSm usqif;rnfhvu©Pmrsm;&Sdaeaomfvnf; ,ckESpfwGif 7 'or 5 &mcdkifEIef;0ef;usif txd zGHUNzdK;wdk;wufvdrfhrnfjzpfNyD; tpdk;& taejzifh aiGaMu;vHIUaqmfrItpDtpOfrsm; udk csufcsif;vkyfaqmif&efrvdktyfaMumif; tm&SzGHUNzdK;wdk;wufa&;bPfrS Ouú|jzpf ol Takehiko Nakao u ajymMum; cJhonf/twuftusrsm;&SdEdkifaomfvnf; w½kwfEdkifiH pD;yGm;a&;zGHUNzdK;wdk;wufrI onf tpdk;&rS owfrSwfarQmfrSef;xm; onfhtwdkif; qufvufwdk;wufvdrfhrnf [k tjynfjynfqdkif&mta&;udpörsm;qdkif &m *syefEdkifiH ,cif'kwd,b@ma&; 0efBuD;jzpfaom Nakao u ½dkufwm owif;XmeodkY ajymMum;cJhonf/ tm&SzGHUNzdK;wdk;wufa&;bPfrS 2014 ckESpftwGuf w½kwfEdkifiH pD;yGm;a&; wdk;wufrIEIef;tm; cefYrSef;oHk;oyfrIudk jyefvnfjyifqifrI jyKvkyfcJhNyD; ,ckvuf&Sd wGif 7 'or 5 &mcdkifEIef;&Sdvdrfhrnf[k ajymMum;rIr&SdcJhaMumif; od&onf/ w½kwfEdkifiH acgif;aqmifrsm;tae jzifh urÇmh'kwd,tiftm;tBuD;qHk; w½kwf EdkifiHpD;yGm;a&;udkqufvufzGHUNzdK;wdk;wuf &eftwGuf pdefac:rIrsm;udk &ifqdkifae& ovdk aps;uGuftajcjyKjyKjyifajymif;vJrI rsm;udk aqmif&GufoGm;&eftwGufvnf; vGefcJhonfhESpfaESmif;ydkif;wGif w½kwfEdkifiH t"duygwDBuD; awGUqHkaqG;aEG;yGJwGif xkwfjyefajymMum;cJhonf/umvwdkvHIUaqmf rItpDtpOfrsm;tm;pD;yGm;a&;rwnfrNidrf jzpfrIrsm;udk jyefvnfacsmarGU&eftwGuf vdktyfzG,f&Sdaomfvnf; w½kwfEdkifiH vuf&Sdaqmif&GufaeaomNrdKUjywnfaxmif rIESifhjynfwGif;pm;oHk;rIjrifhwufvmrIrsm; aMumifh pD;yGm;a&;tm; cdkifrmaumif;rGef ap&eftwGuf csufcsif;aqmif&Guf&rnfh vHIUaqmfrItpDtpOfrsm;rvdktyfao; aMumif;vnf; od&onf/ Reuters JapanSteelMakerstoStudyImportsAmidDumpingFears Yuka Obayashi J apan’s steel industry will examine a surge in im- ports from its Asian neigh- bours for any signs of dumping, with concerns the rising ship- ments will halt a recovery in domestic steel prices and crimp Steel product imports into Japan jumped 44 percent year- on-year in January to 487,000 tonnes, the highest in 16 years, led by a big jump in imports from South Korea, Taiwan and China. “Imports from South Korea have increased sharply while supply from China has also climbed,” Hiroshi Tomono, chairman of the Japan Iron and Steel Federation told a news conference. “With the current foreign ex- change levels, it is strange to see such a jump in imports,” he added, pointing to the weaken- ing of the yen over the past 18 months. Asked whether Japan should take anti-dumping action, To- mono, who is also president of world No.2 steel maker Nippon Steel & Sumitomo Metal Corp, said the federation planned to closely and more frequently”. “Before we talk about anti- dumping action, we need to step.” Demand for steel products in Japan has risen in line with the government’s stimulatory economic measures, boosting but also opening a door for oth- from low margins amid a re- gional oversupply. Tomono cautioned that the trend could continue. “Given strengthening over- supply pressure due to higher steel outputs in East Asia and slack demand in China, we need to be prepared for a further in- crease in imports,” he said. Reuters *syefEdkifiH oHrPdvkyfief;taejzifh rsm; jrifhwufvmrItm; pHkprf;ppfaq;rI rsm;jyKvkyfoGm;rnfjzpfum ,ckuJhodkY wif oGif;rIrsm;jrifhwufvmrIaMumifh jynfwGif; oHrPdaps;EIef;rsm;jyefvnfaumif;rGef vmrIudk xdcdkufaprnfjzpfovdk jynfwGif; vkyfief;rsm;twGufvnf; tusKd;tjrwf &&SdrIwGifxdcdkufaprnfjzpfaMumif; od& onf/ *syefEdkifiHodkYoHrPdxkwfukefwifoGif; rIrsm;rSm ,ckESpfZefe0g&DvwGif vGefcJh onfhESpfxuf 44 &mcdkifEIef;ydkrdkjrifhwuf vmcJhNyD; rufx&pfwefcsdef 487000 wef txd&SdcJhNyD; 16 ESpftwGif; tjrifhqHk; yrmPjzpfaMumif; od&onf/ awmifudk &D;,m;? xdkif0rfESifh w½kwfEdkifiHwdkYrS wif oGif;ukefrsm; tvGefjrifhwufvmcJhjcif; aMumifhjzpfaMumif; od&onf/ awmifudk&D;,m;oGif;ukefrsm;rSmtvGef wdk;wufvmovdkw½kwfEdkifiHrSoGif;ukef rsm;rSmvnf; tvm;wlyifjzpfaMumif; *syefEdkifiHoHESifhoHrPdvkyfief;qdkif&m toif;BuD;Ouú|jzpfolHiroshiTomono u owif;pm&Sif;vif;yGJwpfckwGif ajym Mum;cJhonf/
  14. 14. April 3-9, 2014 Myanmar Business Today REGIONAL BIZ 14 Myanmar Summary WSS Invests to Support Increased W ilhelmsen Ships Service (WSS) is expanding its network of supply points across Asia as it responds to an increasing level of - ploration and production. supply point, at Song- khla, southern Thailand opened in January 2014 and other locations have WSS to work closer to ar- eas of emerging demand. New supply sites are un- der consideration in Ke- maman, Malaysia, Balik- papan, Indonesia and in Myanmar, the company said. Countries including Malaysia, Indonesia and Wai Linn Kyaw Myanmar present strong regional growth potential, with marginal and deep- drive the investment in upstream assets. - count manager Asia-Pa- - pany’s focus on safety and its strong network are natural advantages in a sector is still growing. “This is a complex mar- ket with a diverse cus- tomer base, ranging from contractors, production - port companies. “Close engagement over the past 12 months enables us to understand their challenges of oper- ating in such a diverse and often remote geo- graphical location. Their top three concerns are safety, logistics issues and reliability, subjects where WSS can bring value and vast knowledge.” A surge in spending on exploration and produc- tion globally is also driv- ing new building orders at shipyards in China, South Korea and Singapore, as - newed with higher speci- South Korea Boosts Air Defences with $6.8b Budget for F-35s S outh Korea expects to pay around 7.34 tril- lion won ($6.79 billion) for 40 Lockheed Martin F-35 knowledge of the matter said, as Seoul boosts its air defences amid simmering tensions in the region. plans to buy four Northrop Grumman Global Hawk un- manned aircraft to monitor its prickly neighbour North Korea. The drones will cost about 880 billion won and will be deliv- ered starting 2018, one of the sources said. The defence deals also come Joyce Lee as ties between Japan, China and South Korea have chilled over the past year, and the re- gion’s three powers look to beef up their defensive capabilities. Seoul’s arms procurement agency reported the estimated budget of around 7.34 trillion won to buy the radar-evading F-35s plus support systems to a committee overseeing military purchases earlier on Monday, the second source said. South Korea says the F-35 in 2018. The budget has received the ministry, Defense Acquisi- tion Program Administration (DAPA) spokesman Baek Youn- hyeong said. Lockheed said in a statement it welcomed South Korea’s an- nouncement and it would sup- port discussions between Seoul order this year. South Korea decided to re- draw the terms of an 8.3-trillion last year after dropping an op- tion to buy Boeing Co’s F-15s in with stealth capabilities. In December, Seoul reduced the purchase to an initial 40 jets. “Lockheed Martin agrees ... that the cost of the F-35 is on a downward path that will lead to a Unit Recurring Flyaway (URF) cost for an F-35A of be- tween $80-85 million,” said Randy Howard, Director of Lockheed Martin’s F-35 Korea Business Development in an emailed statement. A separate South Korean mili- tary source briefed on the buy cautioned that although F-35 Lockheed’s projections might not fully apply to South Korea as the estimate “paints a rosy picture” that appears to presup- pose “the best scenario” for the progress of the F-35 program. The announcement provided some good news for Lockheed after a spate of critical reports on challenges with software de- emergence of additional bulk- head cracks during long-term durability testing, and news that Italy could further scale back its plans to buy 90 F-35s. Italy had already cut its planned order by 30 percent two years ago. South Korea is the 10th coun- - er, joining the United States, Britain, Australia, Norway, Italy, the Netherlands, Japan, Israel and Turkey. Canada and Denmark, which help fund development of the F-35, are still deciding whether Singapore has also expressed interest in the planes. South Korea was the eighth largest importer of major weap- ons in the world between 2009 and 2013, with 80 percent of the imports supplied from the United States, according to think tank Stockholm Interna- tional Peace Research Institute (SIPRI). Reuters Myanmar Summary awmifudk&D;,m;EdkifiHonf Lockheed Martin F-35 zdkufwm*sufav,mOfrsm; tm;0,f,l&eftwGuf 0rfaiG 7 'or 34 x&DvD,H (tar&duefa':vm 6 'or 79 bDvD,H) txd toHk;jyKoGm;&ef arQmf rSef;xm;NyD; awmifudk&D;,m;taejzifh a'owGif;y#dyu©rsm;ydkrdkjzpfyGm;vmonfh twGuf avaMumif;umuG,frIrsm;udk jyifqifjyKvkyfvmjcif;yifjzpfonf/ awmifudk&D;,m;rS Northrop Grumman Global Hawk uif;axmufav,mOf av;pD;tm; 0,f,loGm;&ef tpDtpOfudk twnfjyKcJhNyD; ajrmufudk&D;,m;aqmif &GufrIrsm;udk apmifhMunfhppfaq;oGm;&ef jzpfaMumif; od&onf/armif;olrJhwdkuf av,mOfrsm;taejzifh 0rfaiG 880 bDvD,H eD;yg;ukefusrnfjzpfNyD; 2018 ckESpfrSpí vTJajymif;,lrIrsm; jyKvkyfoGm;rnfjzpf aMumif; od&onf/ *syef? w½kwfESifh awmifudk&D;,m;wdkY taejzifh umuG,fa&;tpDtpOfrsm;udk vGefcJhonfhESpfpí ydkrdkwdk;csJUaqmif&Guf vmMuonf/ Wilhelmsen Ships Service (WSS) uGef&ufrsm;udk tm&SwpfcGifwGif csJUxGifvmcJhNyD; urf;vGefa&eHESifh obm0"mwfaiGU&SmazGrIrsm;ESifh xkwfvkyfrItajctaersm;wdk;wuf vmonfhtwGufaMumifh ,ckuJh odkY vkyfief;uGef&ufrsm;udk csJUxGif vmcJhjcif;jzpfonf/2014 ckESpf Zefe0g&DvwGif xdkif;EdkifiHawmif ydkif; Songkhla ü yxrOD;qHk; WSS supply point udk csJUxGif cJhNyD; tm&Sa'owGif; 0,fvdktm; jrifhwufvmonfh{&d,mrsm;ESifh teD;tem;wGifaemufxyf supply point rsm;udk wnfaxmif&ef twGufvnf; tjcm;ae&mrsm;udk owfrSwfxm;rIjyKvkyfxm;NyD;jzpf aMumif;od&onf/aemufxyfwdk;csJU vkyfudkif&efpOf;pm;aeaomae&m rsm;rSm Kemaman ? rav;&Sm;? Balikpapan ? tif'dkeD;&Sm;ESifh jrefrmEdkifiHwdkYwGifjzpfaMumif; ukrÜPD rS ajymMum;cJhonf/ rav;&Sm;? tif'dkeD;&Sm;ESifh jrefrm EdkifiHwdkYrSma'oqdkif&mzGHUNzdK;wdk;wuf rItvm;tvmaumif;rsm; ,ck tcsdefwGif&SdaeNyD; a&eHESifhobm0 "mwfaiGUvkyfief;rsm;twGuf tcGifh tvrf;aumif;rsm;&Sdaeonf/ A Lockheed Martin F-35. South Korea expects to pay around 7.34 trillion won ($6.79 billion) for 40 Lockheed Martin F-35 NealChapman
  15. 15. April 3-9, 2014 Myanmar Business Today REGIONAL BIZ 15 Myanmar Summary Myanmar Summary Singapore’s Tigerair Orders Airbus Jets Worth $3.8b Airbus announces 37 firm A320neo orders plus 13 options Anshuman Daga S ingapore’s Tiger Airways Holdings Ltd has placed an order for 37 Airbus A320neo aircraft worth $3.8 billion at list prices, taking de- livery of the planes from 2018 to 2025, the carrier said. Tigerair said an existing order for nine Airbus A320 aircraft, part of a larger order agreed in 2007, will now be cancelled. These aircraft were originally scheduled for delivery in 2014 and 2015. Airbus said in a separate statement Tigerair had also tak- en options on an additional 13 A320neo aircraft. and expansion comes as Tigerair, which is about 40 percent-owned by Singapore Airlines Ltd , takes steps to try to prevent a third straight year of losses. In January it sold its Tigerair Philippines business to Cebu - gest airline, cutting its losses in a market where a sharp in- crease in available seats pushed down ticket prices. “We have re-calibrated our strategy and taken the neces- sary steps to re-position Tige- rair,” Tigerair chief executive Koay Peng Yen said. - pates some concerns over a po- tential capacity overhang in the next couple of years.” Tigerair said the negotiated price for the new order was list price. The jets will be pow- ered by engines from Pratt & Whitney. Reuters pifumylEdkifiHavaMumif;vdkif;wpfck jzpfaom Tiger Airways Holdings Ltd onf tar&duefa':vm 3 'or 8 bDvD,Hwefzdk;&Sdonfh AirbusA320neo av,mOftpD;a& 37 pD;tm; 0,f,l&ef twGuf rSm,lrIwpfckudk jyKvkyfcJhNyD; 2018 ckESpfrS 2025 ckESpftwGif;tqkdygav,mOf rsm;tm; vTJajymif;o,f,lrIjyKoGm;rnfjzpf aMumif; tqdkygavaMumif;vdkif;rS ajym Mum;cJhonf/ ,ckuJhodkY A320 av,mOf 9 pD; rSm,lrIonf 2007 ckESpfwGif oabm wlnDcJhonfh rSm,lrItydkif;wpfckjzpfNyD; ,cktcgy,fzsufrIjyKvkyfoGm;rnfjzpf onf/tqdkygav,mOfrsm;tm; rlvu 2014 ckESpfESifh 2015 wGif vTJajymif;rIjyKvkyf oGm;&ef tpDtpOf&SdcJhonf/ Singapore Airlines Ltd rS &S,f,m 40 &mcdkifEIef; eD;yg;ydkifqdkifaom Tigerair onf oHk;ESpf qufwdkuft½HI;ay:rIrsm;udk umuG,f&ef twGuf BudK;yrf;rIrsm;udk jyKvkyfaejcif;jzpf vkyfief;tm; avaMumif;vdkif;BuD;jzpf aom odkY a&mif;cscJhNyD; aps;uGuft½HI;ay:rIudk avQmhcsEdkif&ef BudK;yrf;cJhonf/r[mAsL[mjyifqifajymif;vJ a&;ESifh Tigerair tm; aps;uGufjyefvnf atmifjrifvma&;twGuf vdktyfonfh BudK;yrf;aqmif&GufrIrsm;udkjyKvkyfaeaMumif; Tigerair trIaqmift&m&SdcsKyf Koay Peng Yen u ajymMum;cJhonf/ Russia’sLeadingRoleinTheIndonesianMiningRevolution Randy Fabi and Fergus Jensen R ussia’s two metal giants have emerged as big win- ners from Indonesia’s new mining law, after leading a drive to get Jakarta to stick to its controversial mineral ore export ban in the face of oppo- sition from miners and Asian buyers. In its six-month lobbying campaign last year, United Company Rusal and Norilsk Nickel delivered a blunt mes- will only invest billions of dol- lars in smelters if you ban baux- ite and nickel ore exports. - this year, Indonesia enforced a water-tight export ban for only two major minerals – nickel ore and bauxite. The halting of $3 billion of annual nickel ore and bauxite exports has already lifted the price of nickel and helped sup- port aluminum, boosting the fortunes of Rusal and Norilsk, the world’s top aluminum and nickel producers, respectively. At the same time, it has strengthened the case for the pair to invest billions of dollars in Indonesia to build smelt- ers to replace costly capacity in Russia, a key part of a recovery plan for struggling Rusal and in line with Indonesia’s own aims to earn more from its minerals resources. The mineral ore export ban is aimed at forcing miners to move up the value chain by process- ing the minerals they dig up. Rusal CEO Oleg Deripaska travelled repeatedly to Jakarta last year as signs emerged that the government might water down the ban under pressure from miners, and concerns over its impact on Southeast Asia’s largest economy. “They made the export ban policy the main requirement for them to invest here,” Indus- try Minister Mohamad Hidayat told Reuters. on January 12, Indonesia con- ceded to pressure from miners and made last-minute changes to the policy to allow shipments of most metals to go on, but it did not relax the policy for nick- el ore and bauxite. The supply cuts have al- ready been a game changer for nickel, with benchmark nickel prices soaring 17 percent to an 11-month high after the ban, while starving global markets of bauxite that should help curb China’s huge aluminum expan- sion and support global prices. Norilsk, whose shares have ris- en more than 11 percent since the ban, though it has been at the expense of big buyers such as China and Japan. It has also come at a price for Indonesia which, despite gaining a pledge “Behind all of this is Rusal,” said Tjandra Irawan, director of Indonesia’s Mineral Entrepre- neurs Association. “What Rusal always wanted was a total ban ... only then would they invest.” Indonesia’s industry minister role in how the ban was imple- such a big economic policy is sensitive in Indonesia, particu- larly with elections looming in a few months. involved like no other foreign companies in pushing their case – repeatedly sending executives to Jakarta, organising a confer- - players to push their case. When asked about its lobby- ing strategy, Rusal said it was “closely following the develop- ments” in the months leading up to the ban because of the un- certainty over how the govern- ment would implement the law. Reuters NeilChatterjee/Reuters ½k&Sm;EdkifiH owåKwGif;vkyfief;BuD;ESpfck onf tif'dkeD;&Sm;EdkifiHowåKwGif;Oya' opfxGufay:vmNyD;aemufwGifaumif;usKd; tjiif;yGm;zG,f owåK½dkif;wifydkYrIudk wm;jrpfxm;cJhNyD; owåKwGif;vkyfief;rsm; ESifh tm&SrS 0,f,lolrsm; qefYusifrIrsm; udkvnf; BuHKawGUaecJh&onf/United Company Rusal ESifh Norilsk Nickel wdkYonf tif'dkeD;&Sm;wm0ef&Sdolrsm;tm; eDu,fowåKwifydkYrIrsm;udk wm;jrpfvQif owåKt&nfusKdvkyfief;rsm;wGif tar&d uefa':vm bDvD,HESifhcsDí &if;ESD;jr§KyfESH rnf[k ajymMum;cJhonf/ ½k&Sm;ukrÜPDESpfcktaejzifh tif'dkeD;&Sm; rS abmufqdkufowåKESifh eDu,fowåKrsm; wifydkYrIudk wm;jrpf&eftwGufajcmufvwm rJqG,fcJhMuonf/tif'dkeD;&Sm;rS tqdkyg tcsuftm; jiif;qefrIjyKcJhaomfvnf; ,ckESpfwGif Oya'xGuf&Sdvmonfhtcg eDu,fowåKESifh abmufqkdufowåKwifydkY rIudk wm;jrpfcsufonf tqdkygOya'wGif yg0ifcJhonfhtwGuf ½k&Sm;ukrÜPDBuD;rsm; taejzifh tif'dkeD;&Sm;tm; vTrf;rdk;EdkifcJh jzpfonf/ Reuters