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Myanmar Business Today - Vol 2, Issue 18

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

Myanmar Business Today is Myanmar’s first and the only bilingual (English-Myanmar) business newspaper, distributed in both Myanmar and Thailand. MBT covers a range of news encompassing local business stories, special reports and in-depth analysis focusing on Myanmar’s nascent economy, investment and finance, business opportunities, foreign trade, property and real estate, automobile, among others. MBT also provides detailed coverage of regional (ASEAN) and international business stories. For more information please visit www.mmbiztoday.com.
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  • 1. May 8-14, 2014 Myanmar Business Today mmbiztoday.com mmbiztoday.com May 8-14, 2014| Vol 2, Issue 18MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL Myanmar Summary Myanmar Summary Contd. P 12... Contd. P 12... Inside MBT Yangon’s Traders Hotel Becomes Sule Shangri-La P-23 Seven in 10 Asian Firms Eyeing Myanmar Entry in The Next 12 Months: Survey S eventy percent of Asian business lead- ers said they plan to expand into Myan- mar within the next 12 the Southeast Asian coun- try remains a key invest- ment hotspot for compa- nies looking for regional growth opportunities, a survey revealed. The survey, conducted among key decision mak- ers of Asian companies with an annual turnover of S$50 million or more, found that the two most compelling reasons be- hind their focus on My- anmar were the opportu- nity to provide goods and services to the country’s growing middle class (46 cant business opportuni- ties present as a result of the country’s rapid trans- formation (41 percent), the survey results show. Singapore-based United Overseas Bank Ltd (UOB) conducted the survey with more than 100 of its cor- porate banking and com- Phyu Thit Lwin mercial banking customers when they attended an in- vestment seminar in Yan- gon in late February. Ivan Chu, business op- erations manager, Soon Hong Seng Pvt Ltd, a hardware tools and safety equipment supplier, said: “Myanmar’s fast-growing economy and its need for infrastructural develop- ment mean that there is a ready market for our hardware tools and safety products. “This, combined with competitive labour costs and young and vibrant workforce, makes Myan- mar an attractive expan- sion destination for our manufacturing business.” However, as with any emerging economy going through a rapid transfor- mation, Myanmar faces the challenges of chang- ing local laws and invest- ment regulations. Sam Cheong, execu- tive director and head of group FDI Advisory Unit, UOB Group, said, “The business opportunities in Myanmar are real and so are the risks and chal- lenges. UOB United Overseas Bank rMumao;rDu aumuf,lcJYaom ppfwrf;t&tm&SpD;yGm;a&;OD;aqmif olrsm;70&mcdkifEIef;onf wpfESpf twGif; jrefrmEkdifiHwGif aps;uGuf csJUxGifoGm;&ef jyifqifvsuf&Sd aMumif; od&onf/ jrefrmEkdifiHonf a'owGif; zGHUNzdK; wkd;wufrItcGifhtvrf;rsm;&SmazG aeonfhukrÜPDrsm;twGuf t"du &if;ESD;jr§KyfESHrItcsuftcsmwpfck tjzpf qufvuf&yfwnfvsuf&Sd onf/þppfwrf;udk wpfESpfvQif aiGaMu;vnfywfrI a':vmoef; Thilawa SEZ Construction Work on Track Project set to go into partial operation in mid-2015 Htun Htun Min M yanmar will see Thilawa Special Economic Zone (SEZ) go into partial operation in involved with the project said. “The earthwork for the Class A Project has been completed and construc- tion of water and power facilities are underway,” U Win Aung, chairman of Myanmar Thilawa SEZ Holdings Public Ltd (MTSH), which holds 41 percent share in the pro- ject, said. The Thilawa project is expected to help create about 40,000 jobs for lo- cal residents, he added. The Class A project cov- ers 396 hectares out of the 2,342-hectare Thila- wa SEZ, located 25 kilo- metres from Yangon. MTSH has received many letters of intents from companies around the world, especially from Japan, Hong Kong and Europe, to invest in the project, he added. Thilawa SEZ Holdings to Return over K18-b Oversubscribed Shares P-5 The Bonds That Will Tie The Na- tion (Part I) P-7 oDv0gtxl;pD;yGm;a&;Zkeftm; 2015 ckESpfESpfv,fydkif;wGifvkyfief; rsm; pwifvnfywfvkyfaqmif oGm;rnfjzpfaMumif; tqdkygpDrH udef;wm0ef&SdolwpfOD;rS ajym Mum;cJhonf/ tqdkygoDv0gpDrHudef;taejzifh a'ocHrsm;twGuf tvkyftudkif aygif; av;aomif;cefY zefwD;ay; Edkifvdrfhrnf[k cefYrSef;&onf/
  • 2. May 8-14, 2014 Myanmar Business Today mmbiztoday.com 2LOCAL BIZ MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL Board of Editors Editor-in-Chief - Sherpa Hossainy Email - sherpa.hossainy@gmail.com Ph - 09 42 110 8150 Editor-in-Charge - Wai Linn Kyaw Email - linnkhant18@gmail.com Ph - 09 40 157 9090 Reporters &Writers Sherpa Hossainy, Kyaw Min, Wai Linn Kyaw, Phyu Thit Lwin, Aye Myat, Pann Nu, Htun Htun Min, May Soe San Art & Design Zarni Min Naing (Circle) Email - zarni.circle@gmail.com Ph - 09 7310 5793 Ko Naing Email - nzlinn.13@gmail.com Ph - 09 730 38114 DTP May Su Hlaing Translators Wai Linn Kyaw, Phyu Maung, Bone Pyae Sone Advertising Seint Seint Aye, Moe Hsann Pann, Htet Wai Yan, Zin Wai Oo Advertising Hotline - 09 420 237 625, 09 4211 567 05, 09 31 450 345 Email - sales.mbtweekly@gmail.com Managing Director Prasert Lekavanichkajorn pkajorn@hotmail.com 09421149720 Publisher U Myo Oo (04622) No. 1A-3, Myintha 11th Street, South Okkalapa Township, Yangon. Tel: 951-850 0763, Fax: 951-8603288 ext: 007 Shwe Naing Ngan Printing (04193) Printing Subscription & Circulation Aung Khin Sint - aksint2008@gmail.com 09 20 435 59 Nilar Myint - manilarmyint76@gmail.com 09 4210 855 11 Khaing Zaw Hnin - snowkz34@gmail.com 09 4211 30133 Business News in Brief Military-owned enterprises to lose privileges in mining sector Myanma Economic Holding Ltd (MEHL) and Myan- ma Economic Corp (MEC), owned by the Ministry of Defence, will not have any special privileges in the min- ing sector including the lucrative jade and ruby indus- try, local media reported, citing director general Win Htein of the Ministry of Mining. “They won’t have any privileges any more. They will have to take part in the competitive bidding against others when their current mining licenses expire soon,” he was quoted as saying. Local airline to launch Myeik-Bangkok Flight ing Myanmar’s southeastern archipelago of Myeik with Thai capital Bangkok this month, according to a local media report. Union Express Charter Airline, a joint venture between Myanmar Union Express Aviation using a 168-seater Boeing737 to link Bangkok and the coastal city in Tanintharyi division, which was recently opened up for tourism. Flights will run every Tuesday and Friday, costing $140 for a return ticket, the report to Bangkok via Yangon. Japan to give ¥4b to streamline taxation sec- tor Japan has pledged to spend almost ¥4 billion to streamline Myanmar’s tax sector, according to the Cus- toms Department under the Ministry of Finance. The Japanese government will provide ¥3.9 billion for the Single Window Project which aims to modernise the taxation system by using auto-clearing for commodi- ties. An agreement regarding this between the two gov- ernments was signed last month. Thilawa SEZ Holdings to pick independent di- rector The government has asked the Thilawa SEZ Holdings Co Ltd to appoint independent directors who won’t hold any shares in the company. The Myanmar govern- ment owns ten percent of the company while 41 percent nies investing over K39 million ($40,206) in the shares. The remaining 49 percent is owned by Japan. “We will hold a shareholder meeting and appoint the directors,” U Set Aung, chairman for Thilawa SEZ Administration Committee, said. Myanmar relaxes journo visa rules for ASEAN Summit eign journalists seeking to cover the upcoming ASEAN Summit in the country later this month, the informa- tion ministry said. Under the new scheme, the one- month multiple entry visa rule for foreign reporters has ists were advised to re-apply for a new visa after three months at the Myanmar embassies which issued their will be allowed to extend their visa in every six months, according to the new plan. Yatanarpon Teleport seeks foreign partners State-owned telecommunications services provider Yatanarpon Teleport is in discussion with four foreign companies to establish a public-private partnership, lo- cal media reported. True Move from Thailand and Ax- iata from Malaysia are reported to be favourites. The joint venture will be 51 percent owned by Yatanarpon tanarpon Teleport currently provides mobile services and internet provision. MOGE calls rigs upgrade tender State-owned Myanma Oil and Gas Enterprise (MOGE) under the Ministry of Energy is now planning to up- grade its own drilling rigs with a range of capacity for shallow, medium and deep wells, and aims to cooperate with local and foreign partners to participate in future drilling activities. MOGE said all interested local and foreign companies are “warmly invited to come and dis- at Complex 44 in Nay Pyi Taw. Myanmar Summary umuG,fa&;0efBuD;Xmeydkif jrefrmhpD;yGm;a&;OD;ydkifvDrdwufESifh jrefrmh pD;yGm;a&;aumfydka&;&Sif;wdkYtaejzifhowåKwl;azmfa&;u@wGif rnfonfh txl;cHpm;cGifhrS&&Sdawmhrnfr[kwfaMumif; tqdkyg0efBuD;XmeOD;aqmif ñTefMum;a&;rSL; OD;0if;xdefrS ajymMum;cJhonf/ Myanmar Union Express Aviation Group and Myeik Public Corp ESifh Union Express Charter Airline wdkYtaejzifh NrdwfNrdKUrS xdkif;EdkifiH befaumufodkY ,ckvrSpwifum wpfywfvQifESpfBudrfysHoef; ajy;qGJrnfjzpfaMumif; od&onf/ *syefEdkifiHtaejzifh jrefrmEdkifiH tcGefu@wdk;wufa&;twGuf ,Grf 4 bDvD,Htm; axmufyHhay;rnfjzpfaMumif; od&onf/tqdkyg axmufyHhrItwGuf ESpfEdkifiHoabmwlpmcsKyftm; ,cifvu a&;xdk; cJhjcif;jzpfonf/ tpdk;&taejzifh Thilawa SEZ Holdings Co Ltd wGiff rnfonfh &S,f,mrQ yg0ifxm;jcif;r&Sdaom trSDtcdkuif;onfh 'g½dkufwmrsm; cefYxm;&efawmif;qdkcJhaMumif; od&onf/ jrefrmEdkifiHtaejzifh ASEAN Summit odkYwufa&mufowif;,l &rnfh EdkifiHwumowif;axmufrsm;twGuf ADZmvkyfief;pOfrsm;tm; ,ckvrSpwifumaqmif&Gufay;oGm;rnfjzpfaMumif; jyefMum;a&;0efBuD; XmerSxkwfjyefxm;onf/&wemykHqufoG,fa&;ukrÜPDtaejzifh EdkifiHjcm; ukrÜPDav;ckjzifh yl;aygif;aqmif&GufEdkif&ef aqG;aEG;rIrsm;vkyfudkifvsuf &SdaMumif;od&onf/
  • 3. May 8-14, 2014 Myanmar Business Today mmbiztoday.com 3LOCAL BIZ Myanmar Summary 6,000 Tonnes of Rice to Be Shipped to Japan This Month Rice export falls in 2013-2014 FY Phyu Thit Lwin M yanmar will export 6,000 tonnes of rice to Japan this month, ac- cording to Myanmar Rice Fed- eration (MRF). This is the second time My- anmar is going to export rice to Japan after Japan agreed to im- port rice from Myanmar for the In 2013, Myanmar won the tender to export 5,000 tonnes of rice to Japan. This year, Myanmar Agribusi- ness Public Corp (MAPCO) and Japan’s Mitsui Corp collabo- rated to bid for a tender and won an export order of 6,000 tonnes. The companies will export Sinthwe Latt and Hmawbi II type (5 percent broken) rice to Japan. “Besides the 6,000 tonnes of rice export, we also signed MoU with some African countries to export 40,000 tonnes of rice,” Dr Soe Tun, chairman of MRF said. “For the rice exporters, there between the local and foreign markets. So there is not much rent export order, they will get about $450 to $500 per tonne, which is a much better price,” said Dr. Soe Tun from Myan- mar Rice Federation. Half of Myanmar’s rice ex- ports go to China via border year, over 800,000 tonnes of rice were exported to China. According to the Myanmar Rice Federation’s data, Myan- mar’s rice export fell in 2013-14 Myanmar exported about 1.5 million tonnes of rice in 2012- 13 but could only manage to ex- ,ckvydkif;xJwGif *syefEdkifiHodkY qefwef csdef 6000 wifydkYay;oGm;rnfjzpfaMumif; jrefrmEdkifiHqefpyg;vkyfief;toif;csKyf rS od&onf/ jrefrmEdkifiHonf *syefEdkifiHodkY ESpfaygif; 40 ausmfMum wef;jrifhqefwifydkYEdkifjcif; r&SdcJhbJ NyD;cJhonfh 2013 ckESpfrSom wef;jrifhqef 5000 wifydkY&ef wif'g atmifjrifcJhNyD; pwifwifydkYEdkifcJhNyD;jzpfum ,cktcsdefonf 'kwd,tBudrfajrmufwif'g atmifjrifcJhjcif;jzpfNyD; wef;jrifhig;rSwf qefwefcsdef 6000 wifydkY&jcif;jzpfonf [k od&onf/ ,ckwpfBudrfwif'gudk MAPCO ESifh *syefEdkifiHrS rpfql&DukrÜPDwdkYyl;aygif;wif oGif;jcif;jzpfNyD;{nfhrxtkyfpk0ifqeftrsKd; tpm;jzpfonfh qif;oG,fvwfESifh arSmfbD 2trsKd;tpm;wef;jrifhig;rSwfqefrsm;udk wifydkY&rnfjzpfonf/ ]]tckvuf&SdrSm *syefudk wef;jrifhqef 6000 tjyif tmz&duudk wefcsdef 40000 wifydkYzdkY MOU xdk;xm;w,f/ jynfyudk Export ydkYwJholawGtwGuf jynfwGif;qefaps;ESifh jynfyqefaps;u odyfruGmawmht&rf;tusKd;r&Sdbl;/'gayrJh tck&wJhaps;EIef;u wpfwefudk tar&d uefa':vm 450 eJY 500 tMum;rSm&Sd wJhtwGufaumif;wJhtaetxm;rSm&Sdyg w,f}}[kjrefrmEdkifiHqefpyg;vkyfief;toif; csKyfrS a'gufwmpdk;xGef;u ajymonf/ jrefrmEdkifiHrS jynfyqefwifydkYrIwpf0uf ausmfudk w½kwfEdkifiHodkY e,fpyfukefoG,f a&;vrf;aMumif;rSwpfqifh wifydkYae&NyD; NyD;cJhonfh 2012-13 b@mESpftwGif; rSmyif qefwefcsdef 8 odef;ausmf wifydkY cJh&jcif;jzpfonf/ DarioPignatelli/Bloomberg
  • 4. May 8-14, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 4 Malaysia’s Yinson Eyes Myanmar O&G Opportunities Aye Myat M alaysia-based Yinson Holdings Bhd (YHB), support services for the up- stream oil and gas sector, said it is looking into the prospect of venturing into the oil and gas sector in Myanmar. The company is eyeing Myan- mar because of its rich oil and gas reserves, Yinson chairman and managing director Lim Han Weng said, adding that the Nigeria and Angola in West Af- rica, and Vietnam and Malaysia in Southeast Asia for its next ventures, Malaysian media re- ported. Experts suggest that in ad- dition to Myanmar’s current 20 trillion cubic feet (tcf) of reserves, which is worth $106 billion, there could be another 80tcf of undiscovered natural gas worth about $424 billion. Most of Myanmar’s reserves are still in place as the country has only exported its gas for the past 15 years. Since the 1970s ex- plorers have only drilled a total making the country an almost completely unexplored zone. “Myanmar has a good oppor- tunity in the sector, which is developing well in the past few years. However, we need to un- derstand the legal structure of our next move,” Lim was quot- ed as saying. In the last 12 months, Myan- mar gave concessions for pro- duction and exploration of its gas blocks to global energy gi- ants like Royal Dutch Shell, ConocoPhilips, BP, Chevron and Woodside, among others. Myanmar Summary rav;&Sm;EdkifiHtajcpdkuf urf;vGefa&eH ESifh obm0"mwfaiGUvkyfief;rsm;vkyfudkif vsuf&Sdonfh Yinson Holdings Bhd (YHB) taejzifh jrefrmEdkifiHa&eHESifh obm0"mwfaiGUvkyfief;rsm;0ifa&mufvkyf udkifEdkif&ef apmifhMunfhvsuf&SdaMumif; od& onf/ tqdkygukrÜPDtaejzifh jrefrmEdkifiH a&eHESifh"mwfaiGUo,HZmw<u,f0rItay: tm½kHusaeaMumif; ukrÜPDOuú|ESifh OD;aqmifñTefMum;a&;rSL;jzpfol Lim Han Weng u ajymMum;cJhNyD; ukrÜPD taejzifh *gbGef? Edkif*sD;&D;,m;? tif*dkvm? AD,uferfESifhrav;&Sm;wdkYwGif yl;aygif;rI rsm; xyfrHvkyfaqmifvdkaMumif; ajymMum; cJhonf/ Gov’t to Carry Out Maintenance Work on Two Major Rivers Phyu Thit Lwin M yanmar government will carry out main- tenance work on two major rivers – Ayeyarwaddy and Chindwin – in the coun- try, in a bid to improve the riv- ers’ navigation, the Ministry of Transport said. The government will spend K12 billion ($12.5 million) on removing sandbank and main- tenance of riverbeds and wa- terways of the two rivers with preventive measures against erosion of the rivers, according to the ministry. Of the total budget, K127 million will be allocated to the maintenance of Twante canal, which is vital for transportation by waterways to and from Yan- gon and the Ayeyarwaddy delta region in the southwest. According to the ministry’s Directorate of Water Resources and Improvement of River Sys- tem, the Ayeyarwaddy river is eroding at many places along the river and the directorate is currently repairing places where erosion is most serious. The directorate said it has completed the assessment on the possibility for building four low-head dams on the Ayeyar- waddy river in central Myan- mar recently. The water level of the Ayeyar- waddy river last year reached above its danger level of 1,260cm in the rainy season but fell to 720cm in summer in Mandalay. Flowing from north to south, the Ayeyawaddy river has been the key water transport route of Myanmar since ancient times. It also poses a great barrier to the social and economic rela- tions between the eastern and western parts of the country. a total of 11 Ayeyawaddy river- crossing bridges had been con- structed over the past two dec- A bridge on Ayearwaddy river that connects Magwe and Mandalay divisions. SherpaHossainy ades and three more bridges are under construction. There are also bridges across Chindwin, Thanlwin and Sit- toung rivers. Myanmar Summary jrefrmtpdk;&taejzifh {&m0wDESifh csif;wGif;jrpfrsm;wGif jrpfvrf;aMumif;rsm; tm; tqifhjr§ifhwifum jyifqifrIrsm; aqmif&GufoGm;rnfjzpfaMumif; ydkYaqmif a&;0efBuD;Xme ajymMum;csuft& od& onf/ tpdk;&taejzifh usyf 12 bDvD,H(tar &duefa':vm 12 'or 5 oef;) tm; oJaomifrsm; z,f&Sm;jcif;? jrpfMurf;jyif tm; jyifqifjcif;ESifh jrpfESpfck a&vrf; aMumif;rsm;tm;jrpfwdrfaumjcif;rSumuG,f Edkif&ef wdkif;wmrIrsm;jyKvkyf&mwGif okH;pGJ oGm;rnfjzpfaMumif; od&onf/ bwf*suftm;vkH;teufrS usyfaiG 127 oef;tm; &efukefESifh {&m0wDjrpf0uRef; ay: taemufawmifbufodkY qufoG,f xm;onfh wGHaw;wl;ajrmif;tm; jyKjyif &mwGif tokH;jyKoGm;rnfjzpfonf/ Yinson
  • 5. May 8-14, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 5 Myanmar Summary Thilawa SEZ Holdings to Return over K18-b Oversubscribed Shares Htun Htun Min M yanmar Thilawa SEZ Holdings (MTSH) Public Ltd announced that the company will return over K18 billion ($18.7 million) worth of oversubscribed shares to the public. Shares of Thilawa Spe- cial Economic Zone (SEZ) went on sale in March in absence of a stock ex- change – in a bid to raise K21.45 billion ($22.3 mil- lion) through selling 2.145 million shares (K10,000 phase of construction of the SEZ 25 kilometres south of the country’s commercial hub Yangon. However, the proposed subscription has reached over K40 billion ($41.6 the company said. A total of over 17,000 proposals to buy more than 4 million shares were received and among them, about 90 percent wanted to subscribe 500 shares or less and the rest proposed to subscribe over 500 shares. Currently, MTSH is ne- gotiating with the banks to return the oversub- scribed shares to the pub- lic and MTSH will pay for the banks’ service cost, said U Tun Tun, treasurer of MTSH. The shares were avail- able at Kanbawza Bank, Ayeyawady Bank, Myan- mar Apex Bank, Coopera- tive Bank and Yoma Bank. While selling shares MTSH gave priority to the buyers who were sub- scribing to 500 shares (valued K5 million) or less. The company in- tends to allocate 56 per- cent of the shares to buy- ers who belong to this category and 44 percent to those subscribing over 500 shares, chairman of MTSH U Win Aung said. “The government gave us instructions to make shareholders with less subscription to become majority in the public company,” said U Set Aung, chairman of the SEZ management depart- ment and also the vice chairman of the Central Bank of Myanmar. The subscribers of over 500 shares may not be able to buy shares accord- ing to their proposals and can only subscribe to the number of shares set by MTSH, U Win Aung said. “We sold shares to the public to make us a prop- er public company. These shares are only a part of the overall project. We will sell more shares de- pending on our require- ment. “Not only Myanmar and Japan but also other international companies the project,” he said. However, MTSH didn’t explain its investment procedures prior to the share sales and share buy- ers said they would like to know details of the com- pany’s plans if they are buying its shares. An applicant from Yan- gon’s Sanchaung town- ship who submitted share subscription proposal told Myanmar Business Today that he wants to buy the shares of MTSH because Thilawa is My- Economic Zone, but he doesn’t know the detail of the company’s invest- plans. “The company should hold meeting with the shareholders to explain their plans in detail,” he said requesting anonym- ity. The Thilawa project is a joint venture undertak- en by the Myanmar and Japanese governments along with a consortium of Japanese companies, where the Myanmar side owns 51 percent and the Japanese side the rest. In the joint venture com- pany, Myanmar Japan Thilawa Development Ltd (MJTD), Myanmar gov- ernment’s Thilawa Spe- cial Economic Zone Man- agement Committee owns 10 percent and the rest is owned by MTSH, which is a consortium of nine My- anmar companies. The Myanmar com- panies are: FMI Co Ltd, Golden Land East Asia Development Ltd, Myan- mar Agribusiness Public Corp Ltd, Myanmar Ag- ricultural & General De- velopment Ltd, Myanmar Edible Oil Industrial Pub- lic Corp Ltd, Myanmar Sugar Development Plc, Myanmar Technologies and Investment Corp De- velopment Ltd, National Development Co Group Ltd and New City Devel- opment Plc. On the Japanese side, 39 percent is owned by MMS Development Co Ltd, led Sumitomo Corp, Mitsubi- shi Corp and Marubeni Corp, and 10 percent is owned by the Japan In- ternational Cooperation Agency (JICA). Thilawa SEZ, which is expected to be opera- tional by 2015, includes a large industrial zone, a deep sea port, factories and housing projects. Myanmar Thilawa SEZ Holdings Public Limited (MTSH) ukrÜPDrS &S,f,mrsm; a&mif;cs&ef usyf 21 'or 45 bDvD,HowfrSwfxm;aomfvnf; ,ck0,f,l&ef tqdkjyKonfhta& twGufonfusyf40bDvD,Hausmf onfhtwGuf OverSubscription jzpfaeonfh usyf 18 bDvD,Hausmf udk jyefvnfxkwfay;oGm;rnfjzpf aMumif; MTSH ukrÜPDrS&S,f,m a&mif;csjcif;qdkif&m owif;xkwf a&mif;csjcif;udk 2014 ckESpf rwfvrS pwifítrsm;jynfolodkYa&mif;cscJh &m{NyDv9&uftxda&mif;cscJhonfh pm&if;rsm;t&,ckuJhodkY 18bDvD,H ausmf Over Subscription jzpf aejcif;jzpfonf/ MTSH u&S,f,mrsm;a&mif;cs &mwGif &S,f,mpk 500 yrmP tm;jzifh usyfodef; 50 txd0,f,l olrsm;udk OD;pm;ay;a&mif;cscJh aMumif;od&onf/ UAung/Xinhua
  • 6. May 8-14, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 6 Myanmar Summary Myanmar Summary Myanmar, Japan to Cooperate on Tourism Development in Bagan Aye Myat T he Ministry of Hotels and Tourism and Japan In- ternational Cooperation Agency (JICA) will conduct a feasibility study for a project to establish a pilot model for tour- ism development in Bagan, an ancient city in Mandalay region. The study includes a tech- nical cooperation project for improvement of tourist infra- structure, human resources de- velopment and heritage and en- vironmental conservation, the ministry said. Bagan, Myanmar’s top her- itage destination, is home to thousands of ancient pagodas and is shortlisted to join UN- ESCO’s World Heritage list. On April 10, the ministry and JICA signed a record of discus- sion for the project that aims to further develop the tourist industry in Myanmar through technical cooperation between the two countries. Recently, the Ministry of Ho- tels and Tourism drew the My- anmar Tourism Master Plan (2013-2020) with the assistance of international organisations. conserve Bagan and control tourist developments. Zoning laws have been approved that exclude all hotel development near or on the pagoda sites. However, there are genuine concerns that commercial de- velopment will cause irrepa- rable damage to the historical park and the JICA team is com- missioned with the task of iden- tifying measures that will pre- vent damage or overcrowding. Since the current quasi-ci- in 2011, tourist arrival in My- anmar reached 1.06 million in 2012 and 2.04 million in 2013, UAung/Xinhua Gov’t to Launch MyanTrade to Boost Exports Pann Nu M yanmar is planning to establish an export promotion organisa- tion in a bid to boost the coun- try’s exports, the Ministry of Commerce said. The new agency, MyanTrade, will prioritise enhancing trade and also study other regional countries to adopt successful policies. A national export strategy aimed at improving both quan- tity and quality of the exported goods is being drafted, the min- istry said. A law governing val- ue-added export goods as well as an anti-dumping law and a safeguard law are also being drawn up. Myanmar mostly exports natural gas, agricultural pro- duce, gems, marine and forest products, and imports consum- ers products, raw materials and heavy machineries. that ended in March at $2.65 billion because of surge in im- ports following the opening up of the country, the commerce ministry statistics showed. The total trade volume rose from $18 billion to $25 billion to the data. Myanmar’s total exports in 2013-14 amounted to $11.1 bil- lion while the total imports stood at $13.75 billion. Exports in 2012-13 were $8.97 billion while imports were $9.06 bil- lion.[dkw,fESifhc&D;oGm;vma&;0efBuD;Xme ESifh*syeftjynfjynfqdkif&myl;aygif;aqmif &GufrIat*sifpD(JICA)wdkYtaejzifhrEÅav; wdkif;twGif;&Sd a&S;a[mif;tarGtESpfNrdKU awmf yk*HwGif urÇmvSnfhc&D;oGm;vkyfief; zGHYNzdK;wdk;wufa&;twGuf avhvmrIrsm; yg0ifonfh pDrHudef;wpfcktm; yl;aygif; vkyfaqmifrnfjzpfaMumif; od&onf/ tqdkygavhvmrIwGifurÇmvSnfhc&D;oGm; vkyfief;tajccHtaqmufttHkrsm;wdk;wuf a&;?vlUpGrf;tm;t&if;tjrpfzGHUNzdK;wdk;wuf rI? tm&StwGuf enf;ynmqdkif&m yl;aygif; aqmif&Gufa&;pDrHudef;rsm;vnf;yg0ifrnf jzpfonf/ yk*Honf jrefrmEdkifiH xdyfwef;tarG tESpfae&mwpfckjzpfNyD; a&S;a[mif;bk&m; axmifaygif;rsm;pGm&SdonfhtwGuf UNESCO urÇmhtarGtESpfpm&if;odkY xnfhoGif; &ef vsmxm;jcif;cHae&onf/ ,ckESpf {NyDv 10 &ufaeYu [dkw,f ESifh c&D;oGm;vma&;0efBuD;XmeESifh JICA wdkYonf jrefrmEdkifiH c&D;oGm;vkyfief; wdk;wufrIpDrHudef;twGuf ESpfEdkifiHtMum; enf;ynmyl;aygif;aqmif&GufrIrsm;vkyf aqmif&ef aqG;aEG;vufrSwfa&;xdk;cJh aMumif; od&onf/ Ital-Thai Eyes Projects Worth $2b in Dawei Kyaw Min T he Italian-Thai De- velopment (ITD) Co aims to bid for projects worth $2 billion Dawei Special Economic Zone project in Myanmar this year. The company trans- ferred responsibility for the project to the Thai and Myanmar governments earlier this year citing dif- President and chief ex- Kannasutra Premchai Kannasut told a share- holders meeting that the company would enter a joint venture with Rojana Industrial Estate to bid for development of an in- dustrial estate in Dawei, Thai media reported. Italian-Thai is also in- terested in bidding on the second and the third phases of the project next year, the reports said. The company will now focus on three businesses: construction, infrastruc- ture projects and mining, it said. Myanmar Summary Reuters Italian-Thai Development (ITD) taejzifh jrefrmEdkifiH xm;0,ftxl;pD;yGm;a&;ZkefwGif yxrtokwftaejzifh tar&d uefa':vm 2 bDvD,Hwef pDrHudef; rsm;tm; ,ckESpftwGif; 0ifa&muf avvHqGJrnfjzpfaMumif;od&onf/ ukrÜPDOuú|ESifh trIaqmift &m&SdcsKyfjzpfol Pleamchai Kan- nasutra Premchai Kannasut uukrÜPDtaejzifh Rojana In- dustrial Estate ESifhyl;aygif;um xm;0,fpufrIZkefzGHUNzdK;wdk;wuf a&;twGufavvH0ifqGJrnfjzpf aMumif;ajymMum;cJhonf/ DarioPignatelli/Bloomberg jrefrmEdkifiHtaejzifh EdkifiHydkYukefwifydkY rItm;jr§ifhwif&eftwGuf wifydkYrIjr§ifhwif a&;qdkif&mtzGJUtpnf;wpf&yfwnfaxmif rnfjzpfaMumif; pD;yGm;a&;ESifh ul;oef; a&mif;0,fa&;0efBuD;rS ajymMum;vdkuf onf/ MyanTrade [ktrnf&onfh tqdkyg tzGJUopftaejzifh tjcm;a'owGif;EdkifiH rsm; atmifjrifonfh rl0g'rsm;tm; avhvm&efESifh ul;oef;a&mif;0,fa&; jr§ifhwif&ef OD;pm;ay;taejzifh vkyfaqmif rnfjzpfonf/ trsKd;om;ydkUukefwifydkYrIr[mAsL[mtm; wifydkYrnfhukefypönf;rsm;t&nftaoG; ESifht&nftwGufyg jr§ifhwif&eftwGuf a&;qGJvsuf&SdaMumif; 0efBuD;XmerS ajym Mum;xm;onf/
  • 7. May 8-14, 2014 Myanmar Business Today mmbiztoday.com 7LOCAL BIZ Myanmar Summary Contd. P 8... Contd. P 8... The Bonds That Will Tie The Nation (Part I)The first part of this article discusses the urgent need for capital to sustain the development process in Myanmar and the financing mechanisms the gov- ernment can adopt to achieve that. The second part, which will be published next week, will discuss infrastructure investment and financing. Kyaw Myo Htoon TYangon, drink- ing water shortage across Myanmar, high unemployment rate in the country and sustain- ing peace with ethnic groups – viable solutions for all these challenges and problems come down to one critical component that will dramatically re- shape the future of this nation: “capital.” The development and growth of both public and private sectors demand large sums of capital in emerging economies like cient capital it will merely be a distant dream to be- come a thriving modern nation. It is obvious that rais- ing revenue for the de- velopment of the country is the utmost priority for current as well as future governments of Myan- “ It is no longer true that a government must absorb loss in order to serve its own people, a perception widely rooted among Myanmar public.” mar no matter who wins in 2015 election. On the other hand, spending and investing those revenues are even more critical because it will also play an important role in sus- taining peace with ethnic groups after peace agree- ment deal is attained at nationwide levels. With- out proper economic development plan, or a budget, in those ethnic provinces it will be very challenging for the gov- ernment to keep the peace going. loss business entity the government and the pub- lic need to understand and monitor where the money comes from and where the money goes, especially in times of sis, which happened in Greece, Ireland and Por- tugal. It is no longer true that a government must absorb loss in order to serve its own people, a perception widely rooted among Myanmar public. Therefore, it is a matter of national emergency to come up with a plan that will deploy the country’s sources. The main source of rev- enue or capital for most governments like My- anmar is tax. Myanmar government’s tax revenue is about 4 percent of the GDP – ridiculously low compared to other peer emerging countries like Vietnam (25 percent), Cambodia (15 percent) and Bangladesh (10 per- cent). Vietnam launched a se- ries of tax reforms from 1996 to 2010 to reach a 23 percent tax revenue to GDP ratio. The tax rev- enue collection grew at a rate of 19.6 percent annu- ally during the reform pe- riod. Now Myanmar gov- ernment has launched its own tax reform but even if it grows 20 percent annu- to achieve double the cur- to GDP ratio. At this pre- sent moment or years to come, tax revenue will not be a reliable source of the Myanmar government’s revenue. To persuade and educate individuals and business organisations to pay tax is a time consum- ing and complicated pro- cess. The international best- selling author Michael Lewis points out in his bestselling book “Boo- merang” that the main crisis of Greece was the government having failed to punish tax evaders. Myanmar’s narrow tax base and overreliance on resource-based revenues is laying the foundation reforms are not urgently undertaken, the govern- ment may not be able to provide basic services and may risk becoming seri- ously indebted. The gov- dwell on the problem of narrow tax base and focus on solutions available for economic development other than tax. International Organiza- tion for Migration (IOM) estimated that 10 percent of Myanmar’s popula- tion, then estimated to be 50 million to 55 mil- lion people, was living abroad. Although some 5 million Myanmar are working abroad for their livelihood, only $566 million (or 1.1 percent of GDP) worth of remit- tances went through the Central Bank of Myanmar last year. In neighbouring Bangladesh, monetary authorities managed to get their hands on nearly $14 billion (or 12 percent of GDP) in remittances, channelled through their formal banking system. According to a recent re- port sponsored by the In- ternational Fund for Ag- ricultural Development (IFAD) and the World Bank, a migrant worker in Asia sends home nearly an average $4,000 annu- ally. Even when average amount is cut into half, 5 million Myanmar over- seas workers will send home $10 billion annu- ally, which is equal to 20 percent of GDP and more than the value of Myan- mar’s annual gas exports to Thailand, the Econo- mist reported. Over the recent years, the positive impact of overseas remit- tances on emerging econ- omies has been a subject of considerable debate. Again, these remittances are often referred to as the ‘third pillar’ of devel- opment alongside foreign direct investment and &efukef,mOfaMumydwfqdkYrI jyóem? jrefrmEdkifiH aomufokH; a&jywfvyfrIjyóem? EdkifiH jrifhwufvsuf&SdonfhtvkyfvufrJh jzpfrIEIef;ESifhwdkif;&if;om;rsm;ESifh jidrf;csrf;a&;xdef;odrf;rIjyóem rsm;twGuf oifhavsmfonfhtajz ESifh EdkifiHtem*wftm;ajymif;vJ Edkifrnfhta&;ygonfhtcsufwpfck rSm aiGt&if;tESD;jzpfonf/ jrefrmEdkifiHwdk;wufvmonfh pD;yGm;a&;twGuf tpdk;&? vlxkESifh yk*¾vduu@rsm; zGHUNzdK;wdk;wuf a&;twGufaiGt&if;tESD;rsm;pGm tm; awmif;qdkvsuf&Sdonf/ vkHavmufonfh aiGt&if;tESD;r&Sd ygu acwfrDEdkifiHjzpfa&;qdkonfh &nfrSef;csufonf tdyfrufyrm tvSrf;uGma0;aernfomjzpfonf/ vmrnfh 2015 a&G;aumufyGJ wGif rnfolEdkifonfjzpfap tem*wf tpdk;&taejzifhEdkifiHzGHUNzdK;wdk;wuf a&;twGufvuf&SdwGifta&;tBuD; qkH;vkyfaqmif&rnfrSm aiGt&if; tESD;jr§ifhwifa&;jzpfonfrSm txif t&Sm;yifjzpfonf/tjcm;wpfzuf wGifrl tqdkygaiGt&if;tESD;rsm; tm; okH;pGJ&if;ESD;jr§KyfESHjcif;onf ydkrdk ta&;ygvsuf&Sdonf/tb,faMumifh typftcwf&yfpJ a&;pmcsKyfcsKyfqdk NyD;aemufwGif wdkif;&if;om;tkyfpk rsm;jzifhNidrf;csrf;a&;xdef;odrf; &mwGifta&;ygaomae&mrS yg0if aejcif;aMumifhjzpfonf/tqdkyg wdkif;&if;om;e,fajrrsm;wGif
  • 8. May 8-14, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 8 “ Myanmar’s narrow tax base and over-reliance on resource-based revenues is laying the foundation for a future fiscal crisis.” overseas development assistance, and the value has outweighed that of sistance. Remittances have now become the second largest inbound resource for the developing countries after foreign direct investment development assistance (ODA) and private debt and equity. In 2008, re- mittances received in 20 countries were at least as large as 11 percent of their GDP. Tajikistan received remittances as much as 50 percent of GDP, which is quite a portion. It is also found that 10 percent increase in per capita of- tances will lead to a 3.5 percent decline in the share of people living in poverty. While governments can- not tell migrants and their families how to spend their own money, policy- makers can put in place mechanisms for migrants and their families to in- vest remittances in capi- tal-accumulation projects involving both human and physical development whole country. Another way to tap into Myanmar migrants’ pop- ulation is selling diaspora bonds to Myanmar living and working aboard. The idea of diaspora bond is nothing new. Israel was diaspora bonds, issuing 1951 and boasts having sold $33 billion worth of bonds worldwide since the program’s incep- tion. The Indian govern- ment raised over $11 bil- lion from diaspora bonds it issued in 1991, 1998 and 2000. These bonds were issued to support balance of pay- ing during times when ing international capital markets. Since 2001, the government of Sri Lan- ka has raised well over $580 million through the Sri Lanka Development Bond. This scheme en- courages citizens in the diaspora to invest in their home countries by pro- viding the much-needed revenue at lower than market interest rates, a patriotic discount. Unlike remittances, which often go towards domestic consumption, tions an avenue to couple revenue towards infra- structure and other devel- opment projects. Money generated from diaspora bond sales can be used for as health care or educa- tion or building roads and bridges. However, the government will need to lay down a tangible plan to establish an independ- ent authority or a depart- ment to manage the fund that is generated from di- aspora bond to build trust with potential bond buy- ers. cial infrastructure in My- anmar such as banks, stockmarket and other critical for both private and public sector. Less known function of a stock exchange is that govern- ment can also raise bond (debt capital) through Myanmar stock exchange operations and projects. Bond is a debt instru- ment through which gov- ernment borrows money from public. But sover- eign bond is another kind of bond that is issued to international investors through international capital markets and the total amount of bonds sold can be $500 million to $1 billion. On the other hand diaspora bonds can rake in $100 million to $200 million. Encouraging news is that in 2013, a lot of emerging economies from Africa issued foreign currency bonds in inter- national stock markets: Ghana issued $1 billion, Rwanda $400 million, Tanzania $500 million and Zambia $750 million. Most of their bonds were oversubscribed, meaning there were more buyers in the market than the amount of bonds issued. Tapping capital from stock market for both government and private institutions has never been easy as it takes time to prepare or restructure requirements. Before one government can issue sovereign bonds, it needs to obtain credit rating from international credit rating agencies and it is a daunting process, but Myanmar government must prepare today so that they can start issuing bonds in the next two to three years time. “The rating process, as well as the rating itself, can operate as a power- ful force for good gov- ernance, sound market- oriented growth, and the enforcement of the rule of law. From a business perspective, sovereign credit ratings serve as a baseline for evaluating the economic environ- ment surrounding invest- ment possibilities and as a benchmark for inves- tors to distinguish among markets, which provides valuable information and a basis for evaluating risk,” said the US State Department stressing the importance of sovereign credit rating for countries of sub-Saharan Africa in 2006. “The beauty with bonds is that their very existence lends further credibil- ity to the country seeking funds, thereby encour- aging a broader range of high quality investment. More credibility equals more money, equals more credibility, equals more money and so on,” Damb- isa Moyo, author of “Dead Aid” encourages African countries to sell bonds for their countries’ develop- ment. Poor countries obtain credit ratings not only for sovereign borrowings but also for sub-sovereign entities’ access to inter- national debt and equity capital. This means that least developed minor- ity provinces and regions in Myanmar like Chin or Kachin states can is- sue their own municipal bonds or sub-sovereign bonds to international in- vestors to borrow money for their regional devel- opment projects. Credit rating from in- ternational credit rating agencies will also en- country. Vietnam issued international bonds in foreign currency in 2005 worth $750 million and Vietnam’s FDI to GDP rate also picked up from around 3 percent before 2005 to over 8 percent in 2007, and remained above 5 percent until 2013. But issuing interna- tional bonds and getting credit rating are not the only solutions to increase FDI. Investment in in- frastructure is still key to attracting FDI. Although Indonesia issued interna- tional bond, FDI to GDP rate remains at the rate of 1 percent to 2 percent. Even if Myanmar govern- ment can issue $1 billion worth of sovereign bonds in the next two years this would still be short of the annual infrastructure in- vestment requirement of $4 billion. Kyaw Myo Htoon (John) is a bestselling book “Understanding Eq- business book in Myan- wdusaocsmonfh pD;yGm;a&;zGHUNzdK; rIpDrHudef;r&Sdygu tpdk;&taejzifh Nidrf;csrf;a&;qdkif&m pdefac:rIrsm; jzifh BuHKawGUEdkifzG,f&Sdonf/ pD;yGm;a&;vkyfief;&Sd yk*¾vduvkyf ief;rsm; tjrwftpGef;&&Sdjcif;? qkH;½IH;jcif; tygt0if aiGaMu;rsm; t0iftxGuftm; txl;ojzifh *&d? tkdif,mvefESifh ay:wl*DEdkifiH wkdYuJodkY aiGaMu;tusyftwnf; ESifh &ifqdkif&onfhtcg tpdk;& omru? jynfolvlxktaejzifhyg avhvmapmifhMunfh&efvdktyf onf/ ,cktcsdefü jrefrmvlrsdK; trsm;pkwGiftjrpfwG,faeonfh tjrifjzpfonfh tpdk;&wpfckonf vkyfaqmifay;&rnf[lonfhtcsuf rSm rrSefawmhacs/
  • 9. May 8-14, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 9 Myanmar Summary SDVEntersMyanmarMarket Kyaw Min F rench logistics com- pany SDV, wholly owned by French investment and industrial holding group Bolloré, said it has set up a new of- its investment and expan- sion strategy in Southeast Asia. operation on May 1. “As the country moves toward democratic and economic reforms, many of our customers are ex- ploring this region and some of them already took the plunge on invest- ing massively in Myan- mar,” said Julien Loiret, general manager, sales and development of SDV Myanmar. Anticipating a strong growth in demand for transport and logistics and to accompany its customers in Myanmar’s booming market, SDV will provide its services and solutions especially in the oil and gas, tel- ecom, healthcare, fashion and retail industries, the company said. “The opportunities abound, in raw materi- als such as oil and gas but also in catering the need, from healthcare to telecommunication, of a population of 62 million,” added Elizabeth Shwe, who will be joining SDV Myanmar as a director. SDV said its “experi- SDV Myanmar to face the challenges ahead” in the emerging market. SDV, which spans across 24 countries in ing supply chain man- among the world’s top 10 in transport and logistics with a network of 600 sites in 102 countries. It international transport, customs brokerage, ware- housing and distribution, and supply chain man- agement. The company runs a global network of 600 agencies and employs 35,700 professionals worldwide in 99 coun- tries. Its revenue in 2013 stood at €5.473 million. is located at Kyaik Wine Pagoda road, Mayangone township, Yangon. WMC jyifopfEdkifiH&if;ESD;jr§KyfESHa&;ESifh pufrIvkyfief;tkyfpk Bollore rS ydkifqdkifonfh logistic ukrÜPD wpfckjzpfonfh SDV onf ta&SU awmiftm&SwGif &if;ESD;jr§KyfESHrIrsm; csJUxGif&eftwGuf &efukefNrdKUwGif ½kH;cGJvma&mufzGifhvSpfrnfjzpfonf/ tqdkyg½kH;cef;tm; arvwpf&uf wGif vkyfief;rsm; pwifvnfywf rnfjzpfonf/zGHUNzdK;wdk;wufaeonfh jrefrmEdkifiHaps;uGuf&Sd BuD;xGm; vmonfh vrf;yef;qufoG,fa&; ESifh logistic u@odkY 0ifa&muf &eftwGuf SDV taejzifh a&eH ESifh obm0"mwfaiGU? qufoG,f a&;? usef;rma&;? zuf&SifESifh vufvDvkyfief;rsm;wGif 0ifa&muf vkyfudkifoGm;rnfjzpfaMumif;tqdkyg ukrÜPDrS aMunmxm;onf/ SDV taejzifh tm&Sypdzdwf a'o&Sd EdkifiHaygif; 24 EdkifiHwGif vkyfudkifvsuf&SdNyD; EdkifiHaygif; 102 EdkifiH&Sd vkyfuGufaygif; 600 wGif vrf;yef;qufoG,fa&;ESifh logisitic vkyfief;rsm;vkyfudkifae onfh urÇmhxdyfwef; 10 ck pm&if; taejzifh tjynfjynfqdkif&mvrf; yef;qufoG,fa&;? ukefavSmif½kHESifh jzefYcsda&;ESifh csdwfqufaxmufyHh a&;pDrHrIrsm; vkyfudkifaeonf/ ukrÜPDtaejzifh EdkifiHaygif; 99 EdkifiHrS ynm&Sifaygif; 35ç700 cefYxm;um at*sifpD 600 jzifh csdwfqufvkyfudkifaejcif;vnf;jzpf onf/2013ckESpfwGifukrÜPDtae jzifh tjrwfaiG ,l½dkaygif 5 'or 473 oef; &&SdcJhonf/ SDV jrefrmEdkifiH½Hk;cGJtm; usKduf0dkif; bk&m;vrf;? r&rf;ukef;NrdKUe,f? &efukefNrdKUwGifzGifhvSpfrnfjzpfonf/
  • 10. May 8-14, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 10 Myanmar Summary Myanmar Summary Myanmar Summary Myanmar Summary Gas Sector Top Revenue Earner Phyu Thit Lwin M yanmar’s gas sector emerged as the top revenue earning ex- port sector in the recently con- data from the Ministry of Com- merce showed. Revenue from exporting gas according to the ministry. Myanmar’s export sector is farm products, marine prod- - ucts (including exportation of natural gas), animal products, forest products and mineral products. Export earnings from rice, beans and pulses, corn, rubber, castor oil, cashew nut, mango, water melon, onion, garlic, tur- meric and ginger amounted to over $2 billion in the same pe- riod. Oil and gas sector is also the biggest source of foreign direct investment into Myanmar, ac- counting for over 31 percent of the country’s total FDI with over $14 billion in injected capi- tal as of March. During 2013-14, Myanmar’s foreign trade totalled $24.87 billion, with exports taking up $11.1 billion and imports repre- senting $13.76 billion. Land Disputes to be Solved “According to Law”: Speaker Kyaw Min M yanmar’s Parliament and Lower House Speaker U Shwe Mann has called for solving land dis- pute in accordance with law, saying that the government and the parliament are now discuss- ing ways to resolve the issue. Addressing local people in Pathein in southwestern Ay- eyawaddy delta region, U Shwe Mann admitted that the govern- ment is facing protests against land grabbing cases in many areas, especially in Ayearwaddy region. He pointed out that there was much unoccupied land in the area in the past and investors were invited to make use of it when local people did not have enough capital to do so. which cultivated at least 5,000 acres (2,025 hectares), were al- lowed to export 50 percent of their produce. However, he added that some companies had to return the land to the government as they - ably, not only in the farming but U Shwe Mann has earlier protect the rights of farmers, saying that the law shall be fair and practical to ensure rule of law. to enable farmers, who make up 70 percent of the population, to have access to adequate agricul- tural loan at lower interest rate stressing the need for reform to Myanmar Railways Calls Fibre Optic Cable Maintenance Tender Wai Linn Kyaw S tate-run Myanma Rail- ways (MR) under the Ministry of Rail Transpor- tation has invited tenders for the maintenance of its optical Yangon and Mandalay, an an- nouncement said. “Myanma Railways now in- vites tenders from reputable local, foreign or joint venture companies to undertake works for maintenance and ensuring connectivity of the OFC be- tween Yangon and Mandalay,” a notice from the managing di- rector of MR said. - G-652 from Yangon to Manda- lay. Tender documents and back- ground information could be obtained from the department’s be made at +95 9 8300073 and +95 67 77070. The tender in original and duplicate copies should be sub- mitted to the Deputy General Manager, Supply Department, Myanma Railways, Corner of Theinbyu and Merchant street, Botahtaung township, Yangon by 2pm, Tuesday, May 27. The applicant must also sub- mit an electronic copy of the tender in a CD Rom. No sub- mission via email will be enter- tained, the announcement said. The government-run depart- ment in its announcement said: “In line with the National De- velopment Plan, the govern- ment of Myanmar has been identifying the economic poten- tials to contribute to the coun- try’s economic development. As our endeavours for national de- velopment, Myanma Railways (MR) is committed to establish potential rail concerned busi- nesses.” Timber Exports Hit Almost $1b in 2013-14 FY Pann Nu T he export of teak, hard- wood and other timbers reached $947 million in - ing to the Ministry of Com- merce statistics. The trade value of teak, hard- wood, plywood and other wood products exported overseas amounted $916 million while the value of timber exported overland stood at $31 million, according to government statis- tics. Teak logs were the largest ex- port with a value of $638 mil- lion while nearly 34,328 tonnes of teak lumber was exported with a net worth of $31.55 mil- lion. Over 590,000 tonnes of hard- wood logs, worth $222 million, and hardwood lumber weigh- ing over 9,000 tonnes as well as 18,000 tonnes of plywood was shipped abroad. From 2001 to 2013, illegal timber exports amounted to 16.5 million cubic metres with a net worth of $5.7 billion, ac- cording to a report from the Environmental Investigation Agency (EIA). A plot of land on the bank of Ayeyarwaddy river. 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  • 11. May 8-14, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 11 Myanmar Summary Myanmar’sEducationSystemGearedforGrowth T he education system in Myanmar is attracting at- tention, as both the state and private sector look to in- vest in upgrading schools and universities. The re-opening of Yangon University to under- graduates last December is seen as a key development. Once considered a leading institu- tion in the region and home to 60,000 students, the university saw its undergraduate teaching suspended in the late 1990s. Under the military dictator- ship, the role of higher-level education diminished. Today in Yangon, universities have low budgets and are spread across a wide area making management - gish. As Myanmar looks to rebuild its university system, coopera- tion with international institu- tions may be one way to secure the necessary funds and other resources. In October, the Ja- pan International Cooperation Agency (JICA) announced it was funding a $13.5-million initiative to improve engineer- ing education in Myanmar, in association with seven Japa- nese universities. Among the goals of the programme will be to update syllabuses in several subjects (such as civil engineer- ing and electronic engineering), while Japanese professors will travel to Myanmar to conduct guest lectures and lessons. Interest in the Myanmar edu- cation market extends far be- yond Asia, to include both Eu- rope and the US. In February 2013, a group of 10 American universities, organised by the International Institute of Edu- cation, a New York-based non- to explore partnerships. According to Jacques Fre- mont, director of the interna- tional higher-education pro- gramme at the Open Society - isation, Myanmar will need to links with foreign institutions. “Will the Burmese say yes to everyone and then lose control of the reform agenda? Or will they be in a position to plan and say, ‘Here is what we need?’ The pressure is huge right now,” he told the New York Times last year. International schools opening branches Foreign investors are already moving into the primary and secondary school segments, looking to serve wealthy lo- cal families and the expatriate community. The British Inter- national School plans to open a $20,000-per-year institution in August, which will look to sat- isfy some of the demand fuelled by local wealthy families and expatriates. UK-based Harrow Interna- tional Management Services and Dulwich College Interna- tional are taking a more indi- rect route, partnering with Sin- gapore-listed Yoma Strategic Holdings, which is chaired by Serge Pun, a local businessman, to enter the market. The bulk of funding for the Harrow “early years centre” and the Dulwich College school, nei- ther of which will be branded with the UK names, will come from Yoma. jrefrmEdkifiH ynma&;pepfonf tpdk;& ESifh yk*¾vduu@wdkYwGif ausmif;rsm;? wuúodkvfrsm;tm; tqifhjr§ifhwif&ef &if;ESD;jr§KyfESHrIrsm;ponfh pdwf0ifpm;zG,f &mrsm;jzifh qGJaqmifvsuf&Sdonf/ ,cif ESpf 'DZifbmvwGif pwifzGifhvSpfcJhonfh &efukefwuúodkvfonf t"duzGHUNzdK;rIwpf ckjzpfonf/tqdkygwuúodkvfwGif ausmif; om; 6 aomif;tm; oifMum;ay;Edkif rnfjzpfonf/ ,cifppftkyfcsKyfa&;atmufwGifrl tqifhjrifhynma&;onf arS;rSdefcJhNyD; ,ck tcsdefwGif &efukefrS wuúodkvfrsm;onf b@ma&;tm;enf;rIESifh ae&ma0;uGmrI wdkYaMumifh pDrHcefYcGJrIESifh zGHUNzdK;wdk;wufrIrsm; wGif tcuftcJrsm;ESifh &ifqdkifae&onf/ ynma&;pepftm; jyKjyifajymif;vJ&mwGif tjynfjynfqdkif&m tzGJUtpnf;rsm;ESifh yl;aygif;aqmif&GufrIonf &efykHaiGESifh tjcm;t&if;tjrpfrsm;&&Sd&eftwGuf pdwfcs&onfh enf;vrf;wpfckjzpfonf/ NyD;cJhonfhatmufwdkbmvtwGif;u *syef EdkifiH tjynfjynfqdkif&myl;aygif;aqmif &GufrIat*sifpD (JICA) taejzifh jrefrm EdkifiHtif*sifeD,mynma&;pepftm; jr§ifhwif&eftwGufueOD;yHhydk;rItjzpftar &duefa':vm 13 'or 5 oef;tm; *syefwuúodkvfckepfcku yl;aygif;rwnf rnfjzpfaMumif; aMunmcJhonf/tqdkyg tpDtpOft& *syefygarmu©rsm;rS jrefrm EdkifiHwGif vSnfhvnfum oifwef;rsm; ydkYcs rnfjzpfNyD; NrdKUjytif*sifeD,mESifh vQyfppf tif*sifeD,mbmom&yfrsm;tygt0if tif*sifeD,mbmom&yfrsm;tm; jr§ifhwif ay;oGm;rnfjzpfonf/ Investment in public facili- ties The government appears committed to spending money to upgrade and expand its edu- cation system. Under the mili- tary junta, education received little funding, on average ac- counting for 1.3 percent of the national budget. In the latest education accounted for 11 per- cent of the government’s $7.13 billion spending. way to go in catching up with in- ternational and regional stand- ards. Much of the 70 percent rural population has limited or no access to internet, textbooks or laboratory equipment, and, in many cases, teachers lack the relevant experience to deal with overcrowded classrooms and a weak curriculum. “Overcrowding leads to a high rate of absenteeism,” Shirley Nang Hom Leik, Program Coor- dinator at Nexus Myanmar, an English training centre started in 2010, told OBG. She added that classroom practices do not foster creative thought and re- strict expression. “The current education system does not en- courage creativity by teachers,” she said. Moving forward Whilst decades of neglect have left the education sector in restore the standard of learning that was in place before military rule. Support is coming from far and wide to bolster an underde- - mented system. With greater at- tention directed to the practices and applications of foreign aid and loans on the alleviation of the country’s debt burden, My- anmar will be in a more capable position to develop its educa- tion sector and ensure that fu- ture generations are trained in of the economy. OBG “ As Myanmar looks to rebuild its university system, cooperation with international institutions may be one way to secure the necessary funds and other resources.” UAung/Xinhua A student practises writing at a local school in Yangon. UAung/Xinhua
  • 12. May 8-14, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 12 Myanmar Summary “As Myanmar’s pace of economic and social transformation has accel- erated over the last two years, UOB too has looked to strengthen its support for businesses expanding into this market.” Last year, UOB established an FDI Advisory Unit in Myanmar to help existing and potential clients to in- vest in the country. Business leaders in the survey cited their top con- cerns when expanding into Myanmar as limited bank KingPowerSecures GoldenMyanmar DutyFreeDeals Phyu Thit Lwin H ong Kong-based King Power Traveler (KPT) has strengthened its portfolio after gaining four new contracts including with Gold- en Myanmar Airlines. The company also struck wholesale supply service deals with VietJet Air, Air Vanuatu and Solomon Air. The services will be launched in May and June. Golden Myanmar Airlines op- with plans to add a new aircraft will be adding A330 aircrafts a week to Singapore, Bangkok and Kuala Lumpur with rapid expansions to Tokyo and Hong Kong, with Mandalay Interna- tional Airport being its primary base. KPT President Rakhita Jaya- wardena said: “We have devel- oped a good quality long-term business with all our partners very interesting opportunities with quality-focused airlines.” Central Bank Hosts the First Financial Sector Technical Assistance Conference Pann Nu T he Central Bank of Myan- mar (CBM) recently host- the Financial Sector Technical Assistance Coordination Group for Myanmar in Nay Pyi Taw. Participants included mul- tilateral agencies – Asian De- velopment Bank, International Finance Corporation, Interna- tional Monetary Fund (IMF), Livelihoods and Food Security Trust Fund (LIFT), the Toronto Centre: Global Leadership in Financial Supervision, and the World Bank – as well as bilater- al development partners – Bank Negara Malaysia, Bank of Thai- land, Deutsche Gesellschaft fur Internationale Zusammenar- beit, Financial Services Agency of Japan, Japan International Cooperation Agency, and the United Kingdom Department for International Development. Participants expressed their commitment to coordinating their delivery of technical assis- Myanmar, and agreed to meet every six months. The meeting also agreed to establish a number of sub-sec- toral groups to carry forward their work plans and develop milestones for monitoring per- formance. Development part- ners agreed to share their plans, programs, and advice in order to avoid technical assistance duplication, and promote se- quenced, coordinated and com- - nancial sector in Myanmar. The conference follows an in- formal donor meeting held at the IMF in Washington, DC at the 2013 IMF-World Bank An- nual Meetings where the gov- ernor of the CBM discussed the need for increased communica- sector development partners in Myanmar. Aye Myat Aservice would soon be started between Bang- kok and Imphal via Mandalay after Manipur’s Tulihal Airport was upgraded to an interna- tional airport with the landing Myanmar in November last year. According to a highly placed starting the trilateral interna- - ward by the Thai Government in view of enhancing trade and tourism in the regions. The Myanmar government has given its nod to the pro- posal, Hueiyen News Service reported. However, the Indian Government is yet to give a con- DirkLaureyssens crete response in this regard. As per the proposal of the Thai would be operated by ATR-72 aircrafts manufactured by the French-Italian aircraft manu- facturer Avions de Transport Regional (ATR). The ATR aircraft has a capac- ity of about 80 people. Thai Airways and Golden Myanmar have expressed their service between Bangkok and Imphal via Mandalay. How- ever, none of the Indian airline companies including the na- tional carrier Air India has ex- pressed intention for operating Mandalay and Imphal is about an hour. 50 ESifhtxuf&Sdonfhtm&SukrÜPD rsm;rS qHk;jzwfcsufcsoltBuD;tuJ rsm;tMum; aumuf,lcJhjcif;jzpf jrefrmEkdifiHtay: pdwf0ifpm;rIudk t"duqGJaqmifonfh tcsufESpf csufrSm wdkif;jynfzGHUNzdK;wdk;wuf vsuf&Sdonfh vlvwfwef;pm; (46 &mcdkifEIef;) udk ukefpnfESifh 0efaqmifrIrsm;ay;EkdifrnfhtcGifh ta&;ESifhwkdif;jynfvsifjrefonfh tajymif;tvJrsm; (41 &mcdkifEIef;) aMumifh xif&Sm;onfh pD;yGm;a&; tcGifhtvrf;rsm;&Sdjcif;wdkYyifjzpf onf/ 2013 ckESpfwGif UOB onf jrefrmEkdifiHwGif vuf&Sd&Sdaeonfh vkyfief;tyfolrsm;ESifhtvm;tvm &Sdonfh vkyfief;tyfolrsm;udk ulnD &ef EkdifiHjcm;wkduf½dkuf&if;ESD;jr§KyfESHrI tBuHay;Xmeudk zGifhvSpfcJhonf/ ,if;Xmeonf jrefrmEkdifiHwGif vkyfief;csJUxGif&mwGif oHk;pGJolrsm; awGUBuHK&rnfh pdefac:rIrsm;ESifh ywfoufí tBuHay;ulnDvsuf &Sdonf/ Myanmar Summary jrefrmEdkifiHawmfA[dkbPfonfbPf vkyfief;qdkif&menf;ynmulnDyl;aygif; aqmif&Gufa&;tzGJUESifhaejynfawmfwGif yxrqkH;tBudrfawGUqkHcJhaMumif;od& onf/tqdkygawGUqkHyGJodkY tm&SzGHUNzdK;a&; bPf? tjynfjynfqdkif&maiGaMu;yl;aygif; aqmif&Gufa&;?tjynfjynfqdkif&maiG aMu;&efykHaiG(IMF), Livelihoods and Food Security Trust Fund(LIFT), the Toronto Centre: Global Leader- ship in Financial Supervision, the World Bantp&SdonfhurÇmhtzGJUt pnf;rsm;tjyifzGHUNzdK;a&;ESpfzuftusKd;wl vkyfudkifbufrsm;jzpfonfh Bank Negara Malaysia,Bank of Thailand, Deutsche Gesellschaft f u r Internationale Zusammenarbeit, Financial Services Agency of Japan, Japan International Cooperation A g e n c y E S i f h t h e U n i t e d Kingdom Department for Inter national Development wdkYvnf; wufa&mufcJhMuonf/ Myanmar Summary a[mifaumiftajcpdkuf av,mOfuGif; twGif; duty free ypönf;a&mif;csonfh King Power Traveler (KPT) ukrÜPD taejzifh a&TjrefrmavaMumif;vdkif;tyg t0if tjcm;avaMumif;vdkif;av;vdkif;jzifh yl;aygif;vkyfaqmifcGifh&&SdcJhaMumif; od& onf/ xdkYaMumifh ukrÜPDtaejzifh a&Tjrefrm avaMumif;vdkif;? VietJet Air, Air Vanuatu ESifh Solomon Air wdkYtm; vufum;0efaqmifrIrsm;ay;Edkifawmhrnf jzpfonf/ tqdkyg0efaqmifrIrsm;tm; arESifh ZGefvwdkYwGif pwifrnfjzpfonf/ a&TjrefrmavaMumif;vdkif;taejzifh A320 trsKd;tpm;av,mOfrsm;jzifh ajy; qGJvsuf&SdNyD; av,mOftopfwpfOD;tm; vmrnfhajcmufvtwGif; 0,f,lEdkif&ef pDpOfvsuf&Sdonf/ NyD;cJhonfhESpfEdk0ifbmvwGif a&Tjrefrm pif;vkH;iSm;av,mOf qif;oufcJhonfh rPdyl& Tulihal avqdyftm; tjynf jynfqdkif&mavqdyftjzpf tqifhjr§ifhwif NyD;aemufwGif befaumufESifh tifzmwdkY tm; rEÅav;rSwpfqifh tjynfjynfqdkif &m av,mOfc&D;pOftm; rMumrDajy;qGJ awmhrnfjzpfonf/ tqifhjrifht&m&SdwpfOD; ajymMum; csuft& tqdkygokH;EdkifiHjzwfausmf tjynf jynfqdkif&mav,mOfc&D;pOftm; xdkif; tpdk;&rS a'owGif;ul;oef;a&mif;0,fa&; ESifh c&D;oGm;vkyfief; csJUxGifEdkif&ef pDpOf aeNyDjzpfonf/jrefrmtpdk;&taejzifhvnf; tqdkygc&D;pOftm; oabmwlvufcHxm; aMumif; Hueiyen News Service rS a&;om;xm;onf/ - cent) and the lack of clar- ity around local laws and regulations (53 percent). - UAung/Xinhua
  • 13. May 8-14, 2014 Myanmar Business Today mmbiztoday.com REGIONAL BIZ 13 Myanmar Summary Myanmar Summary Myanmar Summary Indebted Steelmaking Giant POSCO Drafts Restructuring Plan to Bolster Finances Hyunjoo Jin S outh Korean steelmaking giant POSCO, hit by ris- ing debts and three years is drafting a restructuring plan standing. Chief Executive Kwon Oh- joon, who took the helm at the in March, said at the time that he will restructure the compa- ny’s non-steel businesses, after a wave of investments and ac- quisitions left POSCO with al- most $40 billion of debts. A prolonged industry down- turn worsened by China’s de- celerating economy has also deepened steel oversupply. POSCO, backed by billionaire its sales forecast for this year af- ter posting an 11 percent slide in last week. According to media reports earlier, POSCO was consider- ing selling a stake in its trading and resources arm Daewoo In- ternational Corp, which it had bought in 2010, for 3.37 trillion won ($3.26 billion). A POSCO spokesman declined to comment on the potential stake sale in Daewoo Interna- tional. “POSCO’s restructuring move shows that the steel market will remain tough for the time be- ing,” said Lee Won-jae, a steel analyst at SK Securities. “Dae- woo International is a giant Daewoo International, which 16 percent last year, compared with 2010. Indonesia’s2014RiceOutputSeenat73MillionTonnes Yayat Supriatna I ndonesia is forecast to pro- duce 73 million tonnes of unmilled rice in 2014, gov- ernment ministers said, slightly lower than a previous estimate at 76 million tonnes due to the scarcity of land for expansion. Indonesia’s state food pro- curement body Bulog has built up rice stocks of 1.7 million tonnes, Indonesia’s chief eco- nomic minister Hatta Rajasa told reporters, adding that the agency is likely to buy from do- mestic suppliers this year. Bulog usually maintains rice stocks at between 1.5 million to 2 million tonnes to guard Indonesia’s unmilled rice pro- duction was estimated at 71.29 million tonnes in 2013. Reuters Bloomberg DimasArdian/Bloomberg tif'dkeD;&Sm;EdkifiHonf 2014 ckESpfwGif qefwefcsdef 76 oef;xkwfvkyfEdkifrnf[k ,cifu arQmfrSef;xm;aomfvnf; pdkufysKd; ajrcsJUxGif&ef rvkHavmufrIaMumifh 73 oef;om xkwfvkyfEdkifrnf[k arQmfrSef; xm;aMumif; tif'dkeD;&Sm;tpdk;&0efBuD; XmerS ajymMum;xm;onf/ tif'dkeD;&Sm;tpdk;&pm;aomufukefBuD;Muyf a&;tzGJUtpnf;wpfckjzpfonfh Bulog rS qefwefcsdef 1 'or 7 oef;tm; pkpnf;xm;NyD;jzpfaMumif; tif'ddkeD;&Sm;EdkifiH pD;yGm;a&;0efBuD; Hatta Rajasa rS rD'D,mrsm;odkY ajymMum;xm;NyD; tqdkyg tzGJUtpnf;taejzifh jynfwGif;rS qefrsm; xyfrH0,f,loGm;rnfjzpfaMumif;udkvnf; ajymMum;cJhonf/ awmifudk&D;,m;EdkifiH oHrPdxkwfvkyf a&;ukrÜPDBuD;wpfckjzpfonfh POSCO taejzifh okH;ESpfqufwdkuf tjrwfusqif; rIESifhBuHKawGUae&NyD; a<u;NrDjrifhwufrIESifh vnf; &ifqdkifae&aomaMumifh b@m a&;jyefvnfjr§ifhwif&eftwGuf jyefvnf jyifqifa&;tpDtpOfrsm; a&;qGJvsuf&Sd aMumif; od&onf/ ukrÜPDtrIaqmift&m&SdcsKyf Kwon Oh-joon rS &if;ESD;jr§KyfESHrIESifh vkyfief; tcsKdUaMumifh POSCO wGif a<u;NrD tar&duefa':vm 40 bDvD,HeD;yg;&Sd aeonfhtwGuf ukrÜPDoHowåKr[kwf onfh vkyfief;rsm;tm; jyefvnfjyifqif rnfjzpfaMumif; aMunmcJhonf/ oHowåKvkyfief;rsm;onfvnf; w½kwf EdkifiH usqif;vmonfhpD;yGm;a&;aMumifh oHowåKtvQHty,fwifydkYrIjyóemrsm; ESifh BuHKawGUae&onf/tar&duef&if;ESD; jr§KyfESHrIonf bDvsHem Warren Buffett rS axmufyHhay;xm;onfh POSCO tae jzifh yxrokH;vywftwGif; vkyfief;vkyf aqmifrI tjrwf 11 &mcdkifEIef; usqif; cJhaMumif; ,ciftywfu xkwfjyefcJhNyD; cefYrSef;rItm; jzwfawmufvdkufonf/ rD'D,mrsm;tapmydkif;wifjycsufrsm; t& POSCO taejzifh 2010 wGif wpfckjzpfonfh Daewoo International Corp &S,f,mwpfpktm; 0rf 3 'or 37x&DvD,H(tar&duefa':vm 3 'or 26 bDvD,H) ESifh a&mif;cs&ef qkH;jzwf xm;aMumif; od&onf/ Daewoo International onf jrefrm EdkifiHwGif obm0"mwfaiGUwl;azmfa&; vkyfief;rsm; vkyfudkifvsuf&SdNyD; 2010 ckESpfESifh EIdif;,SOfygu ,cifESpftwGif; tjrwftpGef; 16 &mcdkifEIef; jrifhwufcJh aMumif; od&onf/ Thai CP All Sees Lower Sales This Year Due to Unrest Saranya Suksomkij T hailand’s largest conveni- ence store chain, CP All Pcl, said it expected sales to grow 10 percent this year, below the recent average of 12 percent, due to prolonged po- litical unrest. Sales for 2014 would be driven by 600 new stores planned for the year, Tasattavorakul, vice chairman, told reporters. Months of unrest have hurt CP All is controlled by Thai- land’s wealthiest man, Dha- nin Chearavanont, and oper- ates stores under the 7-Eleven brand. Reuters - DarioPignatelli/Bloomberg xdkif;EdkifiHtBuD;qkH;aps;0,fpwdk;vkyfief; CP All Pcl taejzifh tjrwfaiGrSm ykHrSef12&mcdkifEIef;wdk;wufcJhaomfvnf; EdkifiHa&;rNidrfroufrIrsm;aMumifh ,ckESpf twGif; 10 &mcdkifEIef;om wdk;wufcJh aMumif; od&onf/ ,ck 2014 ckESpftwGif; a&mif;tm; rsm;twGuf qdkifopfaygif; 600 xyfrH zGifhvSpf&ef arQmfrSef;xm;aMumif; 'kwd, Ouú| Tasattavorakul rS ajymMum;cJh onf/
  • 14. May 8-14, 2014 Myanmar Business Today mmbiztoday.com REGIONAL BIZ 14 Myanmar Summary Myanmar Summary Jane Chung and Meeyoung Cho Slook the best placed to meet extra demand in Asia created by a series of plant clo- sures in Australia, given they are building up capacity and produce the high-quality gaso- line and diesel Australia uses. Other major suppliers in the region of these cleaner-burning fuels include Singapore and Ja- pan, but industry sources say been the most aggressive tar- geting Australia after doubling exports in the past two years. The extra Australian demand when Asia’s fuel demand has weakened due to a slowdown in the economies of top fuel con- sumers China and India. Singapore is the top fuel sup- plier to Australia, meeting about half of its imports, while South Korea accounts for nearly - cent. “But as the Australian import requirement rises, that leaves - ers to come in,” said Alex Yap, energy consultant at FGE Sin- gapore, adding that Korean capacity. Australia has seen a series of cases facilities are being con- verted into fuel terminals. BP was the latest example af- ter it said on April 2 it would shut its 102,000 barrel-per-day (bpd) plant in Brisbane by 2015, blaming competition from new Royal Dutch Shell, Chevron Corp’s Caltex Australia and Exxon Mobil Corp have also the last few years. The closures mean by 2015 Australia will have only four - pacity of 448,500 bpd and is ex- pected to become the largest net importer of diesel and second- largest net importer of gasoline in Asia, importing more than half of its fuel needs. Energy, GS Caltex, S-Oil Corp and Hyundai Oilbank have been investing to boost output of fu- els such as gasoline and diesel. advantage on shipping costs to Australia compared to regions such as Europe. Singapore, South Korea and Japan jointly supplied 84 per- cent of Australia’s 517,969 bpd year, up from 78 percent a year earlier, Australian data showed. South Korea saw by far the biggest rise as its exports to Aus- tralia rose 60 percent to 94,816 bpd, moving ahead of Japan’s 63,173 bpd although still well below Singapore’s 274,770 bpd. Reuters Taiwan Economy Grows At Solid Pace, Signals Improving Global Demand Faith Hung and Jeanny Kao T aiwan’s export-depend- ent economy grew at its quickest pace in over a showed, suggesting rising mo- mentum in developed econo- mies and an improving outlook for the global tech sector. The preliminary growth rate of 3.04 percent in the three- months to March 31 also indi- cated that the island’s economy may be able to weather a slow- down in China, its biggest mar- ket, as exports to the United States and Europe showed a heartening pick up. Taiwan’s economy, home to the world’s biggest contract chipmaker and a crucial sup- ply chain for major electron- ics brands, is often viewed as a bellwether for global growth and tech demand. “What’s eye catching was the strong contribution of net ex- ports, which added 1.57 per- centage points to the overall growth rate,” said analyst of Raymond Yang with ANZ in Hong Kong. the strongest since the last quar- ter of 2012, according to the Directorate General of Budget, Accounting and statistics, driv- en by a low-base of comparison, solid private consumption and a steady pick up in exports. The signs for the rest of the year were positive, and backed the International Monetary Fund’s view that an increase in output in richer nations will spur the global recovery. March exports to the United States, Taiwan’s no.2 market, rose 10.3 percent on-year, with shipments to Europe up 10 per- cent – in both cases it was the strongest growth rate in a year. The increase up in shipments provide a shot in the arm to Tai- wan’s economy, which is facing some uncertainty as growth in China continues to slow down this year.. The recent eye-catching re- sults from Apple Inc, which sources many components from Taiwan and contracts out much of its production of iPhones and Precision Industry Co Ltd, also bodes well for the island’s ex- ports. “I still view the export picture as good overall. Despite the rel- ative weakness in some sectors products such as semiconduc- tors and chips, we’re still doing quite well,” said Rick Lo, senior economist of Fubon Financial Holdings. Reuters JeromeFavre/Bloomberg Reuters awmifudk&D;,m;a&eHoefYpifa&;vkyfief; rsm;onf MopaMw;vsEdkifiHwGif a&eHpuf½kH rsm;ydwfodrf;vdkufjcif;twGuf tm&S wdk;wufvmonfh 0,fvdktm;twGuf vkyfief;vkyfudkif&ef &SmazGvsuf&SdNyD; MopaMw;vsEdkifiH&Sd okH;pGJolrsm;twGuf t&nftaoG;jrifh "mwfqDESifh'DZ,frsm; xkwfvkyfoGm;rnfjzpfaMumif; od&onf/ MopaMw;vsodkY oefYpifNyD; a&eHwifoGif; onfh t"duEdkifiHrsm;wGif pifumylESifh *syefEdkifiHwdkYyg0ifaomfvnf; awmifudk &D;,m;EdkifiHtaejzifh vGefcJhonfh ESpfESpf twGif;wGif MopaMw;vsEdkifiHodkY wifydkYrI ESpfqjr§ifhwifcJhaMumif; tqdkygvkyfief; todkif;t0dkif;rS ajymMum;xm;onf/ vuf&SdpifumylEdkifiHonf MopaMw;vs EdkifiH t"dua&eHwifydkYonfhEdkifiHtjzpf &yfwnfaeNyD; MopaMw;vsEdkifiHodkY wif oGif;onfha&eHxuf0uf&Sdonf/awmif udk&D;,m;taejzifh tqifh 5 ae&mwGif &yfwnfaeNyD;? *syefEdkifiHtaejzifh 12 &mcdkifEIef;jzifh &yfwnfvsuf&Sdonf/ ukefypönf;wifydkYrItm; rSDcdkae&onfh xdkif0rfEdkifiHpD;yGm;a&;onf yxrokH;v ywftwGif; vGefcJhonfhwpfESpfxuf ydkrdk vsifjrefpGmwdk;wufcJhaMumif; pm&if;rsm; t& od&NyD; pD;yGm;a&;zGHUNzdK;rIt&Sdeftm; jr§ifhwifum urÇmhenf;ynmu@wGif wdk;wuf&eftwGuf tBuHjyKxm;onf/ ueOD;wdk;wufrIEIef;onf rwfv 31 &ufaeYtxd okH;vtwGif; 3 'or 04 &mcdkifEIef; wdk;wufcJhNyD; w½kwfEdkifiHwGif pD;yGm;a&;wdk;wufrIaES;auG;aeaomfvnf; tar&duefESifh Oa&myodkY wifydkYrIjzifh pD;yGm;a&;ydkrdkwdk;wufcJhjcif;jzpfonf/ ,ckwdk;wufrIonf 2012 ckESpf aemuf qkH;okH;vywftNyD; yxrqkH;tBudrf cdkifrm pGmwdk;wufvmjcif;jzpfaMumif; xdkif0rf Directorate General of Budget, Accounting and statistics pm&if; rsm;t& od&onf/tqdkygwdk;wufrIonf ,SOfNydKifrII? yk*¾vdupm;okH;rIESifh ydkYukef yrmPjrifhwufvmjcif;wdkYaMumifhjzpf aMumif;vnf; od&onf/
  • 15. May 8-14, 2014 Myanmar Business Today mmbiztoday.com REGIONAL BIZ 15 Myanmar Summary Myanmar Summary Unfazed by Weak Yields, Airasia X Bets on Scale to Win Yantoultra Ngui A irAsia X Bhd, the long- haul arm of Malaysian budget carrier AirAsia Bhd, is betting its dual strategy of scale and multi-country hubs will make it the region’s domi- nant airline and help it survive the short-term impact of declin- ing yields. “We are deliberate in our strategy of expanding aggres- sively, especially in 2014. This is the business where, basically to succeed, you’ve really got to be number one in your segment,” said AirAsia X Chief Executive Azran Osman Rani Azran. “If you’re number three or number four, it is going to be very hard ... that’s proven around the region, in America and Europe and how AirAsia continues to survive in South- east Asia by being more than double the size” of other low- cost carriers, Azran told Reu- ters in an interview. Steep price cuts by rival Ma- laysian Airlines on medium and long-haul routes last year hit passenger yields at AirAsia X, forcing it to discount fares to maintain load factors. “Naturally there is short-term pressure on yields because typi- cally every new capacity that we add in takes at least 12 months to break even,” Azran said. “And build long-haul bases on the back of AirAsia’s extensive - ates in the region, focusing on a corridor of demand from North Asia to Australia via Southeast Asia. It expanded capacity by 49 percent in the fourth quarter and plans a 40 percent increase for 2014, up from 19 percent overall in 2013, before scaling back later on, said Azran. In December, AirAsia X placed a $6 billion order for 25 Airbus A330-300 aircraft to challenge network carriers. It expects to and operates 21 planes now. The landscape is getting crowded though. Scoot, the medium and long-haul budget airline ownedby deep-pocketed Singapore Airlines, is taking de- - ing 787 Dreamliner jets this year as it expands services. AirAsia X also faces compe- tition from Qantas Airways’ budget subsidiary, Jetstar, and Air. “New entrants are com- ing into the space. We have to make sure we are really ahead of them in terms of size, scale and branding,” said Azran, who was handpicked by AirAsia’s co-founder, Tony Fernandes, to run the long-haul carrier. so our portfolio is roughly about two-thirds above matured and business is still new,” he said. Big ambitions Seven-year-old AirAsia X, to Saudi Arabia and 18 destina- including points in Japan, Chi- na and Australia, has been the most ambitious of long-haul budget carriers in expanding its It plans to open a Bangkok- in June, followed by an Indone- The airline’s strategy is to with 25 aircraft we will to be more than double the size of the next biggest competitor. We would have launched two hubs in Thailand and Indonesia and with a three-hub model that I think is far superior than all the other competition.” Reuters South Korea to Lend Out Part of $354 Billion Foreign Reserves Yantoultra Ngui S outh Korea unveiled last to lend up to $10 billion of its $350 billion-plus foreign currency reserves to eligible local companies to import pro- overseas projects. The plan will provide South Korean companies with for- eign currency funds at below commercial rates to invest in domestic production facilities, overseas buildings and plant, statement. domestic banks and 12 branch- es of foreign banks operating in the country would begin lend- ing foreign-currency funds to eligible companies from next month for a maturity of up to 10 years at favourable terms. The lenders would receive the foreign currency funds from the government at lower interest rates than they would otherwise have to pay when borrowing from the markets. one year. South Korea’s foreign-curren- cy reserves stood at a record $354.54 billion at the end of March. As of the end of Feb- ruary, South Korea had the world’s seventh-largest foreign reserves. Emerging-market economies including South Korea have boosted foreign-currency re- serves as a defence against cap- stress, but the growing costs of keeping the reserves have often been criticised as wasting tax- payers’ money. Bloomberg rav;&Sm;wefzdk;enf;avaMumif;vdkif; AirAsia Bhd c&D;a0;avaMumif; vdkif; AirAsia X Bhd taejzifh EdkifiHpkH avaMumif;vkdif;rsm; csdefudkufajy;qGJjcif; tm;jzifh a'owGif; tiftm;BuD;av aMumif;vdkif;tjzpf &yfwnfEdkifrnfjzpfNyD; umvwdk c&D;onfavQmhusrIrSvnf; ajzavQmhEdkifrnfjzpfaMumif; od&onf/ oufwrf;tm;jzifh ckepfESpf&SdNyDjzpfonfh AirAsia X taejzifh rav;&Sm;EdkifiH uGmvmvrfylrS aqmf'Dtma&Astygt0if *syef? w½kwfESifhMopaMw;vsponfh tm&S- ypdzdwfa'orS 18 ae&modkY c&D;&Snf ajy;qGJaeonfh wefzdk;enf;avaMumif; vdkif;wpfckjzpfonf/ tqdkygavaMumif;vdkif;taejzifh befaumuftajcpdkuf Thai AirAsia X udk ZGefvwGif zGifhvSpfEdkif&ef pDpOfvsuf &SdNyD; tif'dkeD;&Sm;EdkifiHwGifvnf; ,ckESpf aESmif;ydkif;ü pwifEdkif&ef vkyfaqmifvsuf &Sdonf/ AirAsia X taejzifh AirAsia c&D; wdkavaMumif;c&D;pOfrsm;tm;tajcjyKum a'owGif;EdkifiHrsm;odkYc&D;&Snfajy;qGJEdkif &efpDpOfxm;NyD;awmiftm&SrSMopaMw;vs odkYta&SUawmiftm&SrSjzwfum c&D;&Snf ajy;qGJay;Edkif&ef&nfrSef;xm;onf/ awmifudk&D;,m;EdkifiHtaejzifh EdkifiHjcm; pkaqmif;aiG tar&duefa':vm 350 bDvD,HausmfteufrS 10 bDvD,Htm; oifhawmfonfh jynfwGif;ukrÜPDrsm;tm; xkwfvkyfa&;ud&d,mrsm;wifydkY&efESifh EdkifiH jcm;aiGaMu;pDrHudef;rsm;twGuf xkwfacs; rnfhtpDtpOftm; vGefcJhonfh&ufowå ywfu xkwfjyefaMunmcJhonf/ tqdkygtpDtpOfonf EdkifiHwumaiG aMu;&efykHaiG&Sdonfhawmifudk&D;,m;ukrÜPD rsm;tm; jynfwGif;ukefypönf;xkwfvkyfrI rsm;wGif &if;ESD;jr§KyfESH&ef? EdkifiHjcm;wGif taqmufttHkESifh puf½kHrsm;aqmufvkyf &efjzpfaMumif; b@ma&;0efBuD;rS tqdkyg xkwfjyefcsufwGif azmfjyxm;onf/ tqdkygtpDtpOft& jynfwGif;bPf 16ck?EdkifiHwGif;vkyfudkifvsuf&SdonfhbPfcGJ 12 ckrS EdkifiHjcm;aiGaMu;&efykHaiGtm; oifh avsmfonfh ukrÜPDrsm;tm; vmrnfhvrS aemuf 10 ESpftxd xkwfacs;rnfjzpf onf/ aiGacs;olrsm;taejzifh EdkifiHjcm; aiGaMu;&efykHaiGtm; aps;uGufrS acs;,l p&mrvdkbJ tpdk;&xHrS twdk;EIef;enf;yg; pGmjzifh acs;,lEdkifrnfjzpfNyD; tqdkygxkwf acs;rItm; wpfESpfvkyfaqmifrnfjzpfonf/ ,ckESpfrwfvukeftxd awmifudk&D; ,m;EdkifiH EdkifiHjcm;aiGpkaqmif;xm;rI rSm tar&duefa':vm 354 'or 54 bDvD,H&Sdonf/
  • 16. May 8-14, 2014 Myanmar Business Today mmbiztoday.com INTERNATIONAL BIZ 16 Australia’sHorizonOilAndRocOilAgreetoMerge Maggie Lu Yueyang A ustralian oil and gas producers Ho- rizon Oil Ltd and Roc Oil Company Ltd have agreed to merge to form a single, Asia-focused ener- gy company worth A$800 million ($740 million), the two companies said. The merged group – which will have assets in China, Papua New Guin- ea, Malaysia, Myanmar, Australia and New Zea- land – will be better po- sitioned for growth than either company on a stan- dalone basis, the compa- nies said in a statement. “This transaction repre- sents a unique and com- pelling opportunity to bring together two com- panies with highly com- plementary assets to cre- ate a new Asian-focused mid cap E&P (exploration and production) cham- pion,” said Roc chairman Mike Harding, who will be the chairman of the merged group. Under the agreement, Horizon shareholders will receive 0.724 Roc shares for each Horizon share they hold and will own about 58 percent of the merged group after the merger is complete. Roc shareholders will own the other 42 percent. Horizon generated 66 percent of its 2013 rev- enue from New Zealand developments and 34 per- cent from China, while Roc earns 76 percent of its revenue from China, 11 percent from Asia and 7 percent from the UK, ac- cording to Thomson Reu- ters data. Reuters Myanmar Summary MopaMw;vsa&eHESifhobm0"mwf aiGUxkwfvkyfonfh ukrÜPDESpfckjzpf onfh Horizon Oil Ltd ESifh Roc Oil Company Ltd wdkY onf MopaMw;vsa':vm oef; 800 (tar&duefa':vm 740) wefukrÜPDwpfcktjzpfodkY yl;aygif; vkyfudkif&ef oabmwlnDNyD;jzpf aMumif; tqdkygukrÜPDrsm;rS xkwf azmfajymMum;vdkufonf/tqdkyg yl;aygif;aqmif&GufrIudk tm&Swdkuf wGif t"duxm;í jyKvkyf&ef &nf &G,faMumif; od&onf/ tqdkygukrÜPDtaejzifh w½kwf? ygyl0ge,l;*DeD? rav;&Sm;? jrefrm? MopaMw;vsESifh e,l;ZDvefEdkifiH rsm;wGif vkyfudkifrnfjzpfaMumif; tqdkygukrÜPDrsm; xkwfjyefcsuf t& od&onf/ tqdkygoabmwlnDcsuft& Horizon &S,f,m&Sifrsm;taejzifh &S,f,mwpfpkvQif Roc &S,f,m okn'or 724 &&SdrnfjzpfNyD; yl;aygif;rINyD;ajrmufoGm;csdefwGif &S,f,m 58 &mcdkifEIef;tm;&&Sd rnfjzpfum Roc &S,f,m&Sifrsm; taejzifh &S,f,m 42 &mcdkif EIef;tm; &&Sdrnfjzpfonf/ World’s Costliest Cities: Sydney and Melbourne Ranked in Top 10 S ydney and Mel- bourne rank among the top six most ex- pensive cities in the world to live, according to the Economist’s latest World- wide Cost of Living Sur- vey. The bi-annual survey, carried out by the busi- ness magazine’s intelli- gence unit, ranked Sydney - sive city in the world, with Melbourne one spot be- hind in equal sixth. Singapore took the du- bious honour of top spot, followed by Paris, Oslo and Zurich. Perth and Brisbane shared 21st spot while Ad- elaide came in at 37th. The survey of 131 cities assessed costs by compar- ing more than 400 indi- vidual prices across 160 products and services. These included food, drink, clothing, house- hold supplies, rents, transport, utility bills and recreational costs. and rising prices can have a big impact on results. A 40 per cent rise in the Singapore dollar over the past decade, for instance, saw the city sweep to the top of the rankings. “As well as Singapore, there have been sustained increases in the cost of living for Australian cities driven by the long-term appreciation of the Aus- tralian dollar,” the survey notes. Despite a slow decline in the value of the Austral- ian dollar in the past year, Sydney and Melbourne continue to maintain their lofty positions in the global rankings due to on- going price hikes. By comparison, New York clocks in at the rela- tively modest position of 26th most expensive. At the other end of the scale, the least expensive cities include Kathman- du, Jeddah and Riyadh. Mumbai in India is the world’s least expensive city. Bucharest in Romania is Europe’s one member in the bottom 10, and Panama City the lowest- ranking member from the Americas. “Within Asia the best value for money is in the Indian subcontinent,” the report says. However, it comments drily that “outside India, bargain hunters may be - curity risk in many of the countries in which the world’s cheapest cities are found”. “Pakistan, Nepal, Syria and Algeria all feature in the bottom 10, but have had well documented se- curity issues or domestic unrest.” However, one exam- ple that points to a de- gree of uncertainty in the methodology of how the Economist draws its con- clusions is the case of Ca- racas. By current calculations the Venezuelan capital is joint sixth most expensive with Melbourne, Geneva and Tokyo. However, this is en- tirely based on using the beleaguered Venezuelan - change rate for its cur- rency, the bolivar. valuation of the bolivar, at 6.29 to the US dollar, is undermined by black- market rates valuing the currency at less than one- tenth of this amount,” the report says. “As a result, adopting any parallel rate for the bolivar would immedi- ately place Caracas as the world’s cheapest city rather than the current deceptive position it has as the joint sixth most ex- pensive.” Myanmar Summary Reuters qpf'eDESifh rJvfbkef;NrdKUawmfrsm; onf urÇmay:wGif aexdkifp&dwf tBuD;jrifhqkH;NrdKUBuD;rsm;jzpfaMumif; Economist urÇmhaexdkifrI p&dwf avhvmcsuft& od&onf/ ESpfESpfwpfcgjyKvkyfonfh tqdkyg avhvmrIonf Economist pD;yGm; a&;r*¾Zif;rSjyKvkyfjcif;jzpfNyD;Sydney NrdKUonf eHygwfig;ae&mESifhrJvfbkef; NrdKUonf eHygwfajcmufae&mwdkYjzifh toD;oD;&yfwnfvsuf&Sdonf/ pifumyltaejzifh ESpfESpfquf wdkuf yxrae&mwGif &yfwnfae NyD; yJ&pf? atmfpvdkESifh Zl;&pfNrdKU rsm;taejzifh 'kwd,? wwd,ESifh pwkw¬ae&mrsm;twGiftoD;oD;&yf wnfvsuf&Sdonf/ygwfhESifhb&pfbdef; NrdKUawmfrsm;taejzifh tqifh 21 wGif &yfwnfaeNyD; Adelaide rSm tqifh 37 wGif&Sdaeonf/ NrdKUBuD; 131 NrdKU vlaerI pm;&dwfrsm;tm;ukefypönf;aygif; 160 ESifh 0efaqmifrIwdkYrS aps;EIef; aygif; 400 wdkYtay:wGif wGuf csufxm;jcif;jzpfonf/
  • 17. May 8-14, 2014 Myanmar Business Today mmbiztoday.com INTERNATIONAL BIZ 17 Myanmar Summary ChinaPoisedtoPassUSAsWorld’sLeadingEconomicPower Chris Giles T heUSisonthebrink of losing its status as the world’s larg- est economy, and is likely to slip behind China this year, sooner than widely anticipated, according to the world’s leading statis- tical agencies. The US has been the global leader since over- taking the UK in 1872. Most economists pre- viously thought China would pull ahead in 2019. by the International Com- parison Program hosted by the World Bank, are the most authoritative estimates of what money - tries and are used by most public and private sector organisations, such as the International Monetary they have been updated since 2005. After extensive research on the prices of goods and services, the ICP con- cluded that money goes further in poorer coun- tries than it previously thought, prompting it to increase the relative size of emerging market econ- omies. The estimates of the real cost of living, known as purchasing power parity or PPPs, are recognised as the best way to com- pare the size of econo- mies rather than using volatile exchange rates, true cost of goods and ser- vices: on this measure the IMF put US GDP in 2012 at $16.2tn, and China’s at $8.2tn. In2005,theICPthought China’s economy was less than half the size of the US, accounting for only 43 per cent of America’s total. Because of the new methodology – and the fact that China’s economy has grown much more quickly – the research placed China’s GDP at 87 per cent of the US in 2011. For 2011, the report says: “The US remained the world’s largest econ- omy, but it was closely followed by China when measured using PPPs”. With the IMF expect- ing China’s economy to have grown 24 per cent between 2011 and 2014 while the US is expected to expand only 7.6 per cent, China is likely to overtake the US this year. - tionise the picture of the world’s economic land- scape, boosting the im- portance of large middle- income countries. India becomes the third-largest economy having previ- ously been in tenth place. The size of its economy almost doubled from 19 percent of the US in 2005 to 37 per cent in 2011. Russia, Brazil, Indone- sia and Mexico make the top 12 in the global table. In contrast, high costs and lower growth push the UK and Japan further behind the US than in the 2005 tables while Germa- ny improved its relative position a little and Italy remained the same. - sify arguments about con- trol over global interna- tional organisations such as the World Bank and IMF, which are increas- ingly out of line with the balance of global econom- ic power. When looking at the actual consumption per head, the report found the new methodology as well as faster growth in poor countries have “greatly reduced” the gap between rich and poor, “suggesting that the world has become more equal”. The world’s rich coun- tries still account for 50 percent of global GDP while containing only 17 per cent of the world’s population. Having compared the actual cost of living in report also found that the four most expensive countries to live in are Switzerland, Norway, Bermuda and Australia, with the cheapest being Egypt, Pakistan, Myan- mar and Ethiopia. RussiaSeesNoImmediateImpactonHi-TechFirmsfromSanctions Lidia Kelly Rminister Anton Si- luanov said he sees no immediate impact on Russia’s high tech com- panies from US sanctions imposed last week. “I cannot see at the mo- ment that any companies journalists at the Federa- tion Council. US President Barack Obama said on Monday that Washington would target some high tech ex- ports to Russia as part of new sanctions over the crisis in Ukraine, where the West says Russia is fomenting separatist un- rest. Reuters Bloomberg Russia’s President Vladimir Putin said last week that Russia will be able to replace any de- fence industry imports lost due to the Ukraine crisis with its own prod- ucts. Reuters Myanmar Summary &S&Sm;b@ma&;0efBuD; Anton Siluanov u ,ciftywftwGif; tar&duefEdkifiHrS&S&Sm;EdkifiH enf;ynmukrÜPDBuD;rsm;odkYpD;yGm; a&;ydwfqdkYvdkufjcif;tay: xda&mufrI&Sdvdrfhrnf[krjrifrd aMumif;ajymMum;cJh onf/ zuf'a&;&Sif;aumifpDwGifowif; axmufrsm;ESifhawGUqkHpOfu]]uRef awmfawmh'DtcsdefrSmb,fukrÜPDrS epfemrIcHpm;&wmrawGUygbl;}}[k 4if;uajymMum;cJhonf/ tar&duefEkdifiHtaejzifh ,ck ESpftwGif; urÇmhpD;yGm;a&;tiftm; tBuD;qkH;EdkifiHae&mtm; w½kwf EdkifiHodkY vufvTJ&zG,f&SdaMumif; urÇmhpm&if;Z,m;jyKpka&;at;*sifh pm&if;rsm;t& od&onf/ tar&duefEdkifiHtaejzifh 1872 ckESpfwGif NAdwdefEdkifiHtm; ausmf jzwfNyD;csdefrSpwifumurÇmhtiftm; BuD;EdkifiHtjzpf &yfwnfaejcif;jzpf onf/pD;yGm;a&;ynm&Sifrsm;onf ,cifu w½kwfEdkifiHtm; 2019 ckESpfwGif urÇmhpD;yGm;a&;tiftm; BuD;EdkifiHjzpfvmrnf[k cefYrSef;xm; jcif;jzpfonf/ urÇmhbPfrS jyK vkyf onfh International Comparison Program tqdkygpm&if;Z,m; rsm;onf rnfonfhaiGaMu;onf rwlnDonfhEdkifiHrsm;wGif okH;pGJEdkif jcif;tm;tjynfjynfqdkif&maiGaMu; &efykHaiGtzGJUtpnf; (IMF) uJhodkY aom tzGJUtpnf;rsm; okH;pGJrI tay:wGif cefYrSef;wGufcsufxm; jcif;jzpfonf/ tqdkygavhvmrI onf 2005 ckESpfaemufydkif;rS yxrqkH;jyefvnfpwifjcif;vnf; jzpfonf/ IMF taejzifh 2011 ckESpfESifh 2014 ckESpfMum;wGif w½kwfEdkifiH pD;yGm;a&;tm; 24 &mcdkifEIef; jrifhwufvmrnf[k cefYrSef;xm;NyD; tar&duefEdkifiHrSmrl 7 'or 6 &mcdkifEIef;omjrifhwufvmEdkifaMumif; cefYrSef;xm;onf/
  • 18. May 8-14, 2014 Myanmar Business Today mmbiztoday.com INVESTMENT & FINANCE 18 Myanmar Summary Contd. P 19... Contd. P 19... EightReasonsDeloitteThinksSoutheastAsiaIsPoisedtoGrow C haly Mah Chee Kheong is CEO of Deloitte South- east Asia and Regional Managing Director of Deloitte pan-Asia insights at the 2014 Milken Institute Global Confer- ence. He believes ASEAN mem- ber nations are well positioned, China has moderate rational Partnership remains an inter- esting yet incomplete idea and the ASEAN Economic Commu- nity could be regionally game changing. 1) China reforming Mah believes China’s outlook is “short term pain, long term gain.” President Xi Jinping has made clear he is looking for more sustainable growth and more inclusive growth and this - uring. For example, geographic - in the country means pushing more industry west where la- bour costs may be cheaper but logistical costs of transporting goods will be higher (than in coastal cities). Also, President Xi Jinping has said he wants to restructure China’s state- owned enterprises (SOEs) but Mah says “they’re not ready to compete” to global standards and this will be a lengthy pro- cess. Mah points out that dur- 2008, the Chinese government told the banks to put money into the system which wound up largely in the hands of SOEs and real estate investments, both now areas requiring re- forms alongside the non-per- forming loans (NPLs) situa- tion. This all said, while China will have some lumpiness that will be felt through the region, China’s long-term outlook will be better if President Xi Jinping succeeds with his agenda. 2) Japanese companies geographic expansion - pan political tensions combined with the Chinese slow-down is - sifying away from China as op- portunities present themselves. Japanese business that would have previously opened another factory in China are now mov- ing to Vietnam, Thailand, Indo- nesia and more recently Myan- mar. Mah just set up a Deloitte rapidly recognised they need- ed one Japanese speaker on enough and now has two. 3) Manufacturing rotation With manufacturing costs moving higher in China, a num- ber of countries with cheaper Indonesia, Cambodia, Vietnam, Bangladesh and Myanmar. All of these countries have large populations with young work- ing populations. For skilled labour, this is migrating to In- donesia and then some to the cheaper Vietnam. Bangladesh has predominantly become a garment centre. Myanmar, which is only recently opening up, promises to provide a new centre of cheap labour. - ship - ship (TPP) began as a free trade agreement between Brunei, Chile, New Zealand and Sin- gapore. Subsequently, it has broadened with Australia, Can- ada, Japan, Malaysia, Mexico, Peru, Vietnam and the United States joining at the negotiat- ing table. With at least another eight countries expressing in- terest, the TPP has the potential to become a broad free trade agreement between many coun- tries. However the question re- mains how long it will take to complete. While much has been made of China not being a party to TPP negotiations, Mah thinks (a) China already has trade agreements with ASEAN coun- tries that will give it a backdoor into the TPP trade arena and (b) that if the TPP is in fact estab- will push for and gain inclusion. 5) ASEAN Economic Com- munity The ASEAN Economic Com- munity (AEC) aims to emulate the successes of the European Union’s aspects of free trade and closer relationships while avoiding the pitfalls of the Eu- ropean Union such as a com- mon currency. The AEC will include the ten ASEAN coun- tries of Brunei, Cambodia, In- donesia, Laos, Malaysia, My- anmar, Philippines, Singapore, Thailand and Vietnam. The target date to launch this com- munity is December 31, 2015. While Mah thinks they may not get everything in place by then they had hoped, there should be at least one or two pieces of the economic community plan in place by then to launch. This will create a community of about 600 million people, about 100 million people larger than the EU or approximately half of the population of either China or India. Mah foresees this becoming a “very power- ful economic area” that should 6) Corporate and public debt Concerns were expressed ear- lier in the day at Milken Insti- tute Global Conference that the low rate environment in global credit markets has covered up the need for economic reforms in emerging economies. Mah JustinMott/Bloomberg GunawanKartapranata “ The ASEAN Economic Community (AEC) aims to emulate the success- es of the European Union’s aspects of free trade and closer relationships while avoiding the pitfalls of the European Union such as a common currency.” Deloitte ta&SUawmiftm&S trI aqmift&m&SdcsKyfESifh Deloitte tm&S- ypdzda'oqdkif&mOD;aqmifñTefMum;a&; rSL; Chaly Mah Chee Kheong tae jzifh 2014 ckESpf Milken Institute Global Conference wGif tm&Sa'o Mum;cJhonf/ Mah taejzifh w½kwfEdkifiHtay: tjrifrSm a&wdkwGifem? a&&SnfwGifom (Short term pain, Long term gain) jzpfonf/w½kwfor®wtaejzifh EdkifiHtm; vkHavmufonfh wkd;wufrIESifh tm;vkH; yg0ifonfh wdk;wufrIwpfck jzpfay:ap&ef vdktyfonfh jyifqifrIrsm;jyKvkyf&ef&Sif;vif; odtjrif&Sdoljzpfonf/w½kwfor®wtae jzifh w½kwfEdkifiH tpdk;&ydkifvkyfief;rsm; tm; jyefvnfjyifqifvdkonf/ odkYaomf ,SOfNydKifEdkif&eftqifhoifhrjzpfao;aMumif; Mah rS xifjrifcsufay;xm;onf/ w½kwfESifh *syefwdkY EdkifiHa&;wif;rmrI ESifh w½kwfEdkifiH pD;yGm;a&;usqif;vmrI onf *syefvkyfief;rsm;tm; w½kwfonf [k ,lqvmaponf/*syefvkyfief;rsm; taejzifh ,cifu w½kwfEdkifiHwGif puf½kH rsm;zGifhvSpfcJhaomfvnf; ,ckktcg AD,uf erf? xdkif;? tif'dkeD;&Sm;ESifh jrefrmEdkifiH wdkYqDodkY a&TUajymif;vmMuNyDjzpfonf/ w½kwfEdkifiHwGif xkwfvkyfrIp&dwfjrifhwuf vmonfESifhtrQ vkyftm;coufomonfh tif'dkeD;&Sm;? uarÇm'D;,m;? AD,uferf? b*Fvm;a'h&SfESifh jrefrmwdkYonf a&G;cs,f p&mrsm; jzpfvmonf/ xdkEdkifiHrsm;onf vlOD;a&rsm;jym;onfhEdkifiHrsm;jzpfNyD; vli,f vkyfom;trsm;tjym;&SdonfhEdkifiHrsm;jzpf onf/ taejzifh rMumao;rDu b½lEdkif;? csDvD? e,l;ZDvefESifh pifumylEdkifiHrsm;odkY ukef oG,fvGwfvyfcGifhpmcsKyfrsm; pwifcsKyfqdkcJh onf/ xdkYtjyif MopaMw;vs? uae'g? *syef? rav;&Sm;? ruúpDudk? yD½l;? AD,uferf ESifh tar&duefwdkYrS aqG;aEG;rIwGif yg0if
  • 19. May 8-14, 2014 Myanmar Business Today mmbiztoday.com INVESTMENT & FINANCE 19 Myanmar Summary David Mayes T here is a lot written about - dom (often included in the pitches of various business opportunities), and it generally is thought of as the end goal of most of our human endeavours related to business and invest- the point in life where money no longer becomes an issue in deciding how, where, and with whom you choose to spend your time. Notice that the important earning money becomes com- pletely removed from the equa- tion. freedom is that it’s essentially a function of income and ex- penses. It is very dependent on the standard of living you de- the world, spending winters in Switzerland on the slopes punc- tuated by shopping sprees in Paris, the level of income need- going to be a lot higher. Look- ing only from the expenses side of things and at the extreme end, the easiest way to achieve a remote mountain top and live out your days as an aesthetic hermit. I don’t think that’s what most of us have in mind when we however most of us have very little control over our own ex- penditures and often let them be dictated by society. Avoid- How to Obtain Financial Freedom ing simple, needless, societally reinforced wastes such as trad- ing in your depreciating vehicle every few years to keep up with the Jones family is a good start. Buying a new car and driving it for 15 years makes economic sense, yet how many people do you know that do that? For most of us, it is pretty easy needless expenses can be re- moved. However some things, such as international educa- tion for your children, may not be an area you are comfortable being cheap. Thus we can only do some much on the expense side of the equation by living - dom means having the ability to do what you want, where you want, and with whom you want, having those upper end luxu- ries within reach means living in a cave doesn’t quite go far enough to be considered real least you would have escaped the rat race). Income is the main driver of you keep the expenses under control. Not all income is equal, and one form of income can bondage even as your overall wealth continues to grow. Ac- tive income is income you need to work for in order to earn. It is your salary or a salesman’s commission. Stop working or selling tomorrow and the well- spring goes dry. The fear of it going dry forever keeps many people “on the wheel” of chas- ing active income. This is where the majority get their money and why they fail to achieve real freedom. There can never be enough. Passive income, on the other hand, is money that you do not need to physically do an- ything to earn. It is the result of some asset you own generating the income for you. People who gather passive incomes eventu- richdadeducationblog.com The ideal situation to end up income generating assets, with in. Interest bearing deposit ac- counts, income generating real estate, dividend paying stocks, government and corporate - sions, patents, royalties; these are all examples of passive in- come generating assets. They each have their own risks and business cycle it is best to limit exposure or even avoid certain asset classes altogether. At the moment 12 month deposits in developed currencies and most - vestments aren’t doing much, but the time will come again when these will produce ad- equate risk adjusted returns. Don’t extrapolate the current situation into the future when creating your long term strat- egy. Mathematically speaking, as long as your passive invest- ments earn more each year than your expenses, your overall wealth will compound and you as long as you live. David Mayes MBA provides - es to expatriates throughout - - makes a counterpoint to this that the level of corporate debt in Asia today is less than im- mediately preceding the 1997 standpoint of public debt, Mah would see points of concern in countries that have public debt that is 50 percent of GDP or greater such as is found in Viet- nam, Malaysia, India, the Phil- ippines and Japan. Mah sees Singapore, Hong Kong, China and Indonesia among those on secure footing with low debt to GDP ratios. 7) The Vietnam exception Vietnam presents a special situation in Vietnam is far more serious than that of China. The government of Vietnam has ad- mitted that it did mismanage its economy and has been mak- it looks like Vietnam may be turning a corner after a chal- lenging period, the overhang of the NPLs is still in play and re- the government. 8) Projecting growth and winners The IMF projects that devel- oping Asia is the region that will have the fastest GDP growth three economies Mah has the most positive outlook for in the region are the Philippines, Indonesia and Myanmar. Mah was recently in the Philippines and came away noting people there are bullish and feel very good about where the economy is going. The Philippines GDP grew 7 percent last year and Mah sees the potential for the Philippines to regains its sta- tus as an economic hub if they - sia’s promise is a large middle- income young population in a country of 250 million people with 5 percent GDP growth. Mah acknowledges that My- anmar is a higher risk higher reward prospect. In Myanmar much hinges on the results of next year’s elections. Mah fore- sees political risk both if Aung San Suu Kyi’s party wins or los- es. If she loses, there will be dis- appointment from the west. If she wins, it is unclear that there is enough depth in her party to be able to run the country. As a composite view of a region with varying degrees of stabil- ity, Mah makes a case that the strength across Asia may now be seated in the ASEAN countries that geographically sit between India and China. Prospectively, there is the underlying case that the Asian region is in a stronger position to withstand future shocks because the heritage of has been taken to heart. The AEC and TPP may both provide economic boosts to the region in the intermediate term that com- pound over time. pD;yGm;a&;tcGifhtvrf;awGtygt0if aiGaMu;vGwfvyfrI&&SdzdkYtwGufa&;om; xm;wmawG trsm;BuD;&SdNyD;jzpfayr,fh 'gawG[m a,bk,stm;jzifh uRefawmf wdkYvlom;awGtwGuf pD;yGm;a&;? &if;ESD; jr§KyfESHrIawGeJYom oufqdkifwJh tqkH;pGef aom yef;wdkifawGjzpfygw,f/ aiGaMu; vGwfvyfrIqdkwmbmygvJ/uRefawmfuawmh b0rSm udk,fb,folUtay:? b,fae&m rSm b,fvdktcsdefay;r,fqdkwJhae&mrSm aiGaMu;u jyóemr[kwfawmhwJhtcsdef vdkY ½dk;½dk;&Sif;&Sif;owfrSwfxm;ygw,f/ uRefawmfzGifhqdkrSmwpfckowdjyK&rSmuawmh aiGaMu;&SmazGrIqdkwmudk ykHaoenf;xJ u uRefawmfvkH;0xkwfy,fxm;wmygyJ/ 0ifaiG[m oifhtaeeJY aiGaMu;okH;pGJrIudk xdef;csKyfxm;EdkiforQumvywfvkH; aiG aMu;vGwfvyfrItwGuf t"duarmif;ESif tm;tjzpf&SdaerSmjzpfygw,f/0ifaiGawG tm;vkH;uawmhwlnDaerSmr[kwfygbl;/ NyD;awmh 0ifaiG[m oifhpnf;pdrfOpömawG wdk;yGm;ae&ifawmif csKyfaESmifrIwpfck taeeJY qufvuf&SdaerSmjzpfygw,f/ ouf0ifvIyf&Sm;aewJh0ifaiG[m oifhtae eJY tvkyfvkyfudkif&SmazG&wJh0ifaiGjzpfyg w,f/wu,fvdkY oifh0ifaiG(odkY) ta&mif; vkyfom;wpfOD;&JU aumfr&Sifwpfckvdkjzpf ygw,f/tvkyfrvkyfawmhbl;? reufjzef rSm ra&mif;awmhbl;qdkwmeJY 0ifaiG&&SdEdkif jcif;r&Sdawmhygbl;/oG,f0dkuf0ifaiGudkpk aqmif;EdkifolawG[mwjznf;jznf;eJUaiG aMu; vGwfvyfrIudk &&SdvmEdkifygw,f/ vmMuNyD; tjcm; 8 EdkifiHrS pdwf0ifpm; aMumif; jyocJhonf/ TPP taejzifh EdkifiHtrsm;tjym;ESifh ukefoG,fvGwfvyf cGifhpmcsKyfrsm;&Sdaomfvnf; rnfrQMumrnf qdkonfrSm ar;cGef;wpfcktaejzifh&Sdae onf/ tmqD,HpD;yGm;a&;todkuft0ef; (AEC) taejzifh Oa&myor*¾ESifh ukefoG,fvGwf vyfcGifhpmcsKyfESifh &if;ESD;jr§KyfESHa&;qdkif&m qufqHa&;rsm;xlaxmif&ef &nfrSef;xm; onf/AEC wGif b½lEdkif;? uarÇm'D; ,m;? tif'dkeD;&Sm;? vmtdk? rav;&Sm;? jrefrm? zdvpfydkif? pifumyl? xdkif;ESifh AD,uferfEdkifiHwdkY yg0ifMuNyD; 2015 'DZifbm 31 &ufaeYwGif pwifrnfjzpf onf/
  • 20. May 8-14, 2014 Myanmar Business Today mmbiztoday.com INVESTMENT & FINANCE 20 Myanmar Summary Myanmar Summary Cisco Investments Commits $150m to Start-Up Companies Sarah McBride C isco’s corporate venture- capital arm said it would deploy $150 million to start-up companies over the next two to three years, acceler- ating its investments into areas such as Internet-enabled com- munication between objects. That theme, also known as the Internet of Things, will com- plement other Cisco investing themes such as big data and connecting mobile devices, Cis- co senior vice president for cor- porate development Hilton Ro- manski told reporters last week. The amount, coupled with $100 million that Cisco said in January it would deploy to start-ups in those areas, puts Cisco Investments on par with San Jose-based Cisco, known for networking equipment, also announced two new invest- ments in the Internet of Things. It took part in a $7 million in- vestment in Everything, a Lon- don-based company that con- nects products to the Internet. It also joined a $14.5 million funding round for Ayla Net- works, a Sunnyvale, California- based company that helps com- panies monitor devices using the internet. The networking giant said it would increase its investment in Alchemist Accelerator, a San Jose, Calif-based incubator for start-up companies, with a goal of supporting companies work- ing on the Internet of Things. Critics of corporate venture investing say the company’s involvement can sometimes taint a start-up, for example, by - nies from using the start-up’s products. But fans say the im- primatur from a big established company helps start-ups build credibility. Reuters DavidPaulMorris/Bloomberg One of Asia’s Final Frontiers Poised for Growth Jennifer Meszaros L ong hindered by political and economic sanctions, Myanmar has emerged as one of the remaining fron- tier markets in Southeast Asia. Since the 2012 elections, the Thein Sein Administration has taken great strides to unlock the country’s economic and tour- ism potential. The result has led to a highly competitive market in just two years. Eight local carriers serve My- anmar’s domestic market and three more – Apex, FMI and Saga –all plan to launch opera- tions this year. A ninth carrier, Myanmar Airways Interna- tional, operates scheduled in- ternational service to Southeast Asian destinations. State-owned national carrier Myanma Airways operates the total of 12 aircraft, including four ATR turboprops and a Fokker F-28. The carrier plans of which it expects to arrive in 2015. While the carrier’s sole international destination re- mains Gaya, India, the airline harbours ambitious plans to expand into the relatively un- derserved North Asian market by 2015. Myanma boasts the country’s largest domestic net- work, serving 24 airports from its hub, Yangon International Airport. Last year Yangon captured 47 percent of the total domestic travel and nearly all interna- - anmar. Air Bagan and Air KBZ lead in weekly seat capacity, com- bining for 60 percent of the market. However, local carri- ers have struggled to make a of the Association of Southeast Asian Nations (ASEAN), My- anmar posts the lowest domes- tic load factors. However, last year the country attracted $4 billion in foreign direct invest- increased by nearly 50 percent. Although an overwhelming ma- jority of visitors travelled by land, combined tourist num- bers surpassed 2 million. The government expects 3 million visitors by this year. The expectation of such rapid tourism growth and Myanmar’s proximity to India, China and mainland Southeast Asia means tremendous potential for inter- national markets. The country’s leaders aim to transform Yan- gon into a major ASEAN hub by 2020 with new air service agreements, the promotion of national airlines, network ex- pansion and infrastructure im- provements. The government has invited private sector par- ticipation in some 30 airport development projects. Cisco taejzifh tar&duefa':vm oef; 150 tm; vkyfief;ysKd;axmifae onfh ukrÜPDrsm;tm; vmrnfh ESpfESpf? eufqufoG,frIvkyfief;wGif &if;ESD;jr§KyfESHrI rsm;tm; t&SdefjrifhwifvdkufaMumif; od& onf/ Internet of Things [kac:qdkonfh tqdkygaqmif&Gufcsufonf Cisco tjcm;&if;ESD;jr§KyfESHrIrsm;jzpfonfh tcsuf tvuftBuD;pm;ESifh rdkbkdif;ud&d,mrsm; csdwfqufrIrsm;tm; jznfhpGufay;rnfjzpf aMumif; Cisco zGHUNzdK;a&;qdkif&myl;aygif; aqmif&GufrI0g&ifh'kOuú|HiltonRomanski rS ajymMum;cJhonf/ xdkYtjyif Cisco taejzifh u,fvDzdk; eD;,m;tajcpdkuf Ayla Networks, a Sunnyvale tm; tar&duefa':vm 14 'or 5 oef; &efykHaiGaxmufyHhrnf jzpfum ukrÜPDrsm;tm; ud&d,mrsm;udk tifwmeuftokH;jyKjcif;tm;jzifh apmifh MunfhavhvmapEdkifrnfjzpfonf/ San Jose tajcpdkuf uGef,ufcsdwf qufrIud&d,mtjzpfvlodrsm;onfh Cisco taejzifh InternetofThings wGif&if;ESD; jr§KyfESHrItopfESpfcktm;vnf; aMujimcJh onf/xdkYtjyif Cisco taejzifh vef'ef tajcpdkuf ukefypönf;rsm;tm; tifwmeuf ESifh csdwfqufay;onfh Everything ukrÜPDtm; tar&duefa':vm 7 oef; &if;ESD;jr§KyfESHrnfjzpfaMumif;vnf; od&Sd& onf/ Reuters umvMum&SnfpGm EdkifiHa&;ESifh pD;yGm; a&;ydwfqdkYrIrsm;&Sdaeonfh jrefrmEdkifiH onf ta&SUawmiftm&SwGif aemufqkH; usef&Sdaeonfh aps;uGufwpfcktjzpf xGufay:vmcJhNyDjzpfonf/OD;odef;pdef tpdk;&wm0ef,lcJhonfh 2010 ckESpfa&G; aumufyGJaemufydkif;wGif EdkifiH pD;yGm; a&;ESifhc&D;oGm;vkyfief;rsm;t&Sdeft[kef rsm; jrifhwufvmcJhonf/ tqdkyg&v'f rsm;u EdkifiH aps;uGuf,SOfjydKifrItm; ESpfESpftwGif; jrifhwufvmapcJhonf/ vuf&SdwGif jrefrmEdkifiHü jynfwGif;av aMumif;vdkif; 8 ck&dSNyD; Apex, FMI ESifh Saga wdkYrSm ,ckESpftwGif; pwif ajy;qGJEdkif&ef pDpOfvsuf&Sdonf/ udk;ck ajrmufjzpfonfh jrefrmhtjynfjynfqdkif &mavaMumif;vdkif;taejzifhta&SUawmif tm&Sav,mOfc&D;pOfrsm;tm; ajy;qGJ vsuf&Sdonf/ tpdk;&ydkifjrefrmhavaMumif;vdkif;tae jzifh ATR turboprops ESifh Fokker F-28av,mOfrsm;yg0ifonfh 12 a,mufpD; av,mOfrsm;jzifh ajy;qGJvsuf&SdjyD; av aMumif;vkdif;taejzifh 2015 ckESpfwGif a&muf&Sd&ef cefYrSef;&onfh Boeing 737s q,fpD;tm; iSm;&rf;&ef pDpOfaeonf/ tqdkygavaMumif;vdkif;taejzifh tjynf jynfqdkif&mavaMumif;vdkif;jzpfonfh *,m? tdEd´,odkY ajy;qGJaeNyD; 2015 wGif awmiftm&Saps;uGufodkY xdk;azmuf csJUxGifEdkif&ef vkyfaqmifvsuf&Sdonf/
  • 21. May 8-14, 2014 Myanmar Business Today mmbiztoday.com INVESTMENT & FINANCE 21 Myanmar Summary Myanmar Summary Switzerland, Norway Are World’s Most Expensive Economies Wai Linn Kyaw S witzerland and Norway are the world’s most ex- pensive economies, fol- lowed by Bermuda, Australia and Denmark, according to a new ranking by the World Bank. The economies with the low- est prices are Egypt, Pakistan, Myanmar, Ethiopia and Laos, according to a review of eco- nomic data which seeks to compensate for exchange rate power across countries. The United States, the world’s largest economy, was in rela- lower than most other high-in- come countries. The richest countries, or those with the highest gross domestic product (GDP) per capita on a purchasing power parity basis, were Qatar, Macao, Luxem- bourg, Kuwait, and Brunei. Eight countries, including Malawi, Mozambique and Libe- ria, had GDP per capita of less than $1,000. Almost half the world’s $90.6 trillion in total economic out- put in 2011 came from low- and middle-income countries, the World Bank said. Compared to the last time the exercise was done in 2005, with and mix of countries, middle- income countries gained a big- ger share of the world economy, at the expense of both high- and low-income peers. SuzannePlunkett/Reuters qGpfZmvefESifh aemfa0;EdkifiHrsm;onf urÇmhaps;tBuD;qkH; pD;yGm;a&;aps;uGuf MopaMw;vsESifh'def;rwfEdkifiHrsm;&SdaMumif; urÇmhbPftqifhowfrSwfcsuftopf t& od&onf/ tD*spf? ygupöwef? jrefrm? tDoD,dk;yD; ,m;ESifh vmtdkEdkifiHwdkYonf urÇmhaps; tenf;qkH; pD;yGm;a&;aps;uGufrsm;jzpfNyD; tqdkygowfrSwfcsufrsm;rSm EdkifiHrsm; pD;yGm;a&;tcsuftvufrsm;? aiGaMu; vJvS,frIaps;EIIef;ESifh EdkifiHrsm;&Sd pGrf;tif okH;pGJrIrsm;tm; xnfhoGif;owfrSwfjcif; jzpfonf/ 2011 ckESpf urÇmhpD;yGm;a&; tom; wiftjrwf tar&duefa':vm 90 'or 6 x&DvD,Hxuf0ufonf 0ifaiGenf; ESifh tv,ftvwf0ifaiG&SdonfhEdkifiHrsm; rSjzpfaMumif; urÇmhbPfrS ajymMum;xm; onf/ What Myanmar Needs from ADB Eaimt Phoo Phoo A fter decades of iron- international isolation, Myanmar began to emerge from the shadows with political reforms in late 2010. Most observers welcomed the process, which soon brought the lifting of international eco- nomic sanctions against the country, while others continue credibility of changes being implemented by practically years ago were against any type of change that would question their grip over power. While the debate continues, what’s clear is that the govern- ment faces myriad challenges in implementing the much- needed reforms, which not only include promulgating new laws and updating old legislation, but also putting in place the correct regulatory framework to usher in foreign direct invest- ment; ensure transparency and solely on the extraction of natu- ral resources to collect taxes; boost public spending on health and education; reinstate the rule of law; monitor the priva- tisation processes; and prevent land grabbing. All these goals are supported by the people and their thirst for change – but does the gov- ernment have the capacity to deliver on its reform processes? task, and we might not see tan- gible results in the short-term. That’s where the government really needs help from interna- tional donors, NGOs and other experts, especially the Asian Development Bank, the region’s top donor and very eager to re- turn to Myanmar after 23 years. So what does Myanmar want from ADB? - Expertise to generate base- line evidence and updated an- alytical data on the country’s economic, political and social situation. - Technical and policy advice on legal framework reforms and developments through public and multistakeholder consulta- tion processes. - Capacity-building not only also the whole workforce. - Support for infrastructure development that will be sus- tainable for local communities, especially large-scale projects. I truly believe Myanmar needs ADB’s help, and ADB is willing to give it. Let’s hope that we can march together out of our cur- rent uncertainty toward a bright future of inclusive, sustainable development in this country. UAung/Xinhua ppftkyfcsKyfa&;atmufwGif q,fpkESpf rsm;pGmvkyfudkifae&onfh jrefrmEdkifiH taejzifh tqdkygt&dyfqdk;rsm;rSm 2010 aemufydkif; EdkifiHa&;jyKjyifrIrsm;ESifhtwl ½kef;xGufvmNyDjzpfonf/ avhvmoltrsm;pkrStqdkygvkyfaqmif csuftm; BudKqdkcJhjyD; rMumrDrSmyif EdkifiH wumrS pD;yGm;a&;qdkif&m ydwfqdkYrIrsm; tm; ajzavsmhay;cJonf/ odkYaomf tcsKdU taejzifh ,ciftkyfcsKyfolrsm;u quf vufae&m,lum vkyffaqmifaejcif; xda&mufrIESifh tusKd;&SdrIwdkYtm; oHo, jzpfaeMuonf/ jiif;ckefrIrsm;qufvuf&Sdaeaomfvnf; aocsmonfrSm tpdk;&taejzifh Oya' opfrsm;jy|mef;jcif;? Oya'a[mif;rsm; tm; tqifhjr§ifhwifjcif;? EdkifiHjcm;wdkif ½dkuf&if;ESD;jr§KyfESHrItwGuf tajccHqdkif&m Oya'rsm; jy|mef;jcif;? yGifhvif;jrifomrI ESifhvmbfpm;rItm;wdkufzsufjcif;?obm0 t&if;tjrpfrsm;tm; tokH;jyKum tcGef aumufcHjcif;tm; avsmhcsjcif;? tokH; p&dwfrsm;tm; usef;rma&;ESifh ynma&; wdkYwGif wdk;jr§ifhjcif;? w&m;Oya'pdk;rdk; a&;twGuf vkyfaqmifjcif;? yk*¾vdujyK jcif;ESifh ajr,modrf;qnf;jcif;rS tum tuG,fay;jcif;wdkYwGif pdefac:rIrsm;ESifh BuHKawGUae&onf/ tqdkyg&nfrSef;csufrsm;onf vlxkrS vdkpdwfrsm;jzpfaomfvnf; tpdk;&tae jzifh tqdkygjyKjyifajymif;vJrItm; vkyf aqmif&eftwGuf vkHavmufonfh pGrf; &nf&Sdjcif;? r&Sdjcif;qdkonfrSm ar;cGef; xkwfp&mjzpfaeavonf/
  • 22. May 8-14, 2014 Myanmar Business Today mmbiztoday.com INVESTMENT & FINANCE 22 Myanmar Summary India’s Northeast in BIMSTEC: Economic Linkages With Myanmar and Bangladesh Leonora Juergens D uring the third Summit of the Bay of Bengal Ini- tiative for Multi-Sectoral Technical and Economic Co- operation (BIMSTEC) in Nay Pyi Taw in March 2014, Indian Prime Minister Manmohan Sin- gh urged for an early conclusion of the BIMSTEC Free Trade Agreement (FTA) in goods and its extension to investment and services. Singh stressed the already existing economic ties among its seven member states, Bang- ladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal. Yet, the agreement has been postponed again until the end of 2014. Given the geostrategic loca- tion of North Eastern region (NER) in BIMSTEC, multiple expositions about its economic potential have been made in terms of trade and investment. Yet, the purported economic remedies to the NER through greater infrastructural connec- tivity remain low. Instead, eco- nomic development in the NER with an annual growth rate in GDP of 6.7 percent is lagging behind the rest of India. Ethnic insurgencies and territorial dis- putes are often cited as a cause for the NER’s developmental neglect. But, according to the Ministry of Development of the NER, the key reasons for its stagnant economy lie in its in- supply-chain constraints and barriers onto its local border trade especially with Myanmar and Bangladesh. This results in the limited access of local busi- nesses to cross-border markets which would buy back tangible Myanmar: Linkages Comprising 99 percent of the border trade, Moreh-Tamu (Manipur) is the main land customs station (LCS) through which trade between the NER and Myanmar’s border states is conducted. These share similar economic and business struc- tures with the NER, which are largely agrarian and depend- ent on the export of unpro- cessed primary commodities. Compared to the expansion in bilateral trade to $1.92 mil- lion in 2012-13, with imports in food grains, vegetables and fruits, the NER is facing a trade - lion. These statistics, however, informal trade, which sug- gests a considerable demand in goods beyond the positive list of tradeable items under the 1995 Border Trade Agreement. a deeper industrial develop- ment of the NER, these items should be revisited under the formulation of the FTA with the objective to bring the informal trade onto the formal channel. Another primary reason for the low level trade is the unfa- vourable trading environment due to a lack in quality infra- structure (incomplete Kaladan project, low information tech- nology, etc) and the spiralling Kyat. Thus, unless the NER is not able to promote the Rupee as a currency for the settlement of the FTA, these remain a se- rious hindrance to the NER’s exports, resulting in the loss of economic revenue. In order to promote greater export to Myanmar, NER state governments need to prioritise the development of local in- dustries for trade complemen- tarities. This way, FTA could further reduce the NERs trade - ing a viable industrial base that can service external demand. In turn, this could also result in the augmentation of a greater domestic demand in the NER’s industries. Bangladesh: Linkages The bilateral trade with Bang- ladesh is dominated by a huge trade surplus with India. In the NER, the India-Bangladesh border trade at Meghalaya, As- sam and Tripura with $47 mil- lion export rate over $16 million import rate mirrors this over- all picture, except for Tripura, whose import rates of $11 mil- A look at the local trade pat- terns along the border reveals that the FTA bears high poten- tial for the economic develop- ment of the NER and Bangla- desh. Strong resource-industry linkages are building blocks of the present border trade and indicate the economic comple- mentarities between both re- gions: the NER is rich in miner- als, such as coal, limestone, iron and steel, for which there is a huge demand from the goods- processing industry in Bangla- desh. It is also necessary that the government of India and the states of the NER promote capi- tal investment and the transfer of knowledge and technology to support these industries. Leonora Juergens is a Re- search Intern at the Institute (IPCS). “ Given the geostrategic location of North Eastern region (NER) in BIM- STEC, multiple expositions about its economic potential have been made in terms of trade and investment.Yet, the purported economic remedies to the NER through greater infrastructural connectivity remain low.” RupakDeChowdhuri/Reuters state of Manipur. RupakDeChowdhuri/Reuters jrefrmEdkifiH aejynfawmfwGif 2014 ckESpf rwfvu jyKvkyfcJhonfh Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) tpnf;ta0;wGif tdEd´, 0efMuD;csKyf refrdk[efqif;rS BIMSTEC Free Trade Agreement (FTA) wGif ukefypönf;? &if;ESD;jr§KyfESHrIESifh 0efaqmifrI rsm; xnfhoGif;Edkif&ef aqmfMocJhonf/ refrdk[efqif;taejzifh b*Fvm;a'h&Sf? tdEd´,? jrefrm? od&dvuFm? xdkif;? blwef ESifh eDayg tp&Sdonfh EdkifiH 7 EdkifiHESifh pD;yGm;a&;yl;aygif;aqmif&GufrIrsm;tm; ta&;pdkufcJhaomfvnf; tqdkygoabm wlnDcsuftm; 2014 ckESpftukeftxd xyfrHa&TUqdkif;cJhonf/ BIMSTEC tdEd´,ta&SUajrmuf a'o (NER) yx0Dqdkif&mwnf&SdrI onf ul;oef;a&mif;0,fa&;ESifh &if;ESD; jrSKyfESHrIrsm;tm; pD;yGm;a&;tvm;tvm aumif;rsm; jyoaeonf/ odkYaomf NER taejzifh tajccHtaqmufttHk csdwfqufrIqdkif&m pD;yGm;a&;ukpm;rIrsm; vkyfaqmifrIrSm edrfhusaeqJjzpfonf/ NER ESpfpOf pD;yGm;a&;wdk;wufrIEIef; taejzifh GDP 6 'or 7 &mcdkifEIef; jzifh tjcm;EdkifiHrsm;xuf aemufususef&Sd aeonf/ wdkif;&if;om;vufeufudkif y#dyu©ESifh e,fajrtjiif;yGm;rIrsm;onf NER zGHUNzdK;wdk;wufrIrsm;tm; tEkwf vu©Pmaqmifaponf/odkYaomf NER zGHUNzdK;a&;0efBuD;XmerS a'opD;yGm;a&; wdk;wufrItajctaeonf tajccH taqmufttHkqdkif&m vdkaiG? a'owGif; xkwfukefyHhydk;rIESifh e,fpyfa'oukef oG,frIrsm;tm; a'owGif;EdkifiHrsm;jzpf onfh jrefrm? b*Fvm;a'h&SfwdkYü vkyfudkifrI tay:rlwnfaeaMumif;azmfjyxm;onf/
  • 23. May 8-14, 2014 Myanmar Business Today mmbiztoday.com PROPERTY & REAL ESTATE 23 Myanmar Summary Contd. P 24... Yangon’s Traders Hotel Becomes Sule Shangri-La Wai Linn Kyaw H ong Kong-based hotelier Shangri- La Hotels and Re- sorts said it has rebrand- ed its Traders Hotel in Yangon to operate as Sule Shangri-La following an extensive renovation that took two-and-a-half years to complete. The 484-room hotel, which is on Sule Pagoda road near the landmark 2,000-year-old namesake pagoda, has been a major - tral business district since it opened in November 1996. Nearly two decades on, the hotel continues to be Yangon’s most popular gathering and networking spot for businesspeople and hotel guests. A key port in the Brit- ish Empire, Yangon still boasts vestiges of its co- lonial past after nearly a half-century of isolation. Shangri-La said it is “the essence of this history and Myanmar’s rich culture that the newly branded Sule Shangri-La captures - lessly mixes elegance and simplicity.” While the exterior of the building is modern, the lobby of Sule Shangri-La evokes bygone colonial days with white columns SuleShangri-La SuleShangri-La a[mifaumiftajcpdkuf&Sef*&D vm[dkw,ftkyfpkonf &efukefNrdKU&Sd Trader [dkw,fudk ql;av&Sef*&D vm[dkw,ftjzpf2014ckESpf{NyDv 28&ufaeYwGiftoGifopful;ajymif; cJhaMumif; od&onf/ tqdkyg[dkw,fwGif tcef;aygif; 484 cef;yg0ifNyD; jrefrmEdkifiH pdwf0ifpm;zG,faumif;aom tEk ynmvuf&mrsm;jzifh xyfrHrGrf;rH xm;onf/xdkYtjyif &Sef*&Dvm xl;jcm;aomw½kwfpm;aomuf qdkifjzpfonfh Summer Palace wGif um&efxm;onfh rSefcsuf jywif;aygufrsm;rSwpfqifh vrf;r ay:rSvIyf&Sm;oGm;vmrIrsm;udkvnf; Munfh½IcHpm;edkifrnfjzpfaMumif; od&onf/[dkw,ftm;ESpfESpfausmf tcsdef,ljyifqifcJhNyD;aemufydkif;wGif Café Sule trnfwGifonfh EdkifiH wumt&omrsm;ESifhtm&SvlrsKd; rsm;BudKufESpfoufonfhtpm;tpm rsm;&&SdEdkifonfhpm;aomufqdkif yg0ifrnfjzpfonf/xdkYjyifPeacock Lounge [kac:qdkonfh{nfhonf rsm;ayghyg;oufompGmtem;,l awGUqHkEdkifonfh {nfhcef;rBuD;tm; jrefrmh½dk;&mtEkynmvuf&mrsm; jzifh qif,ifxm;onf/ and a staircase that as- cends to an open balcony. The impression extends to the adjacent double- height lobby lounge where a tiered crystal chandelier highlights a wall mural and panel with peacock motifs – the green pea- fowl, called the U-Doung in Burmese, is one of the country’s national ani- mals. now also celebrate Myan- mar’s history, incorporat- ing the traditional longyi, a large sheet of cloth fold- ed to form a cylindrical shape, in styles specially designed for the hotel, the authorities said. Door- men will wear a range of each representing the seven states of the coun- try. The public areas reveal more cultural compo- nents of the property with tall ornate Burmese vases, panes of woodcarving and specially commissioned art pieces by local artists such as Ba Khine and Hla Phone Aung, whose art- works decorate the hotel’s cafe, conference rooms and suites. The hotel is a showcase for local artists and craftsmen, and their works are creative depic- tions of Burmese stories, Shangri-La said. For dining, the hotel’s updated restaurants and of choices. Summer Pal- ace, Shangri-La’s signa- ture Chinese restaurant, overlooks street activity through large window al- coves. Chinese paintings restaurant and its six distinctive private din- ing rooms specialising in Cantonese dim sum and authentic Chinese dishes. The Gallery Bar was public drinking house from the past British era, Shangri-La said. Half-curtained glass win- dows allow a peek of the dark wood interior with wrought iron and brass details. Memorabilia and photographs from the and the comfort menu in- cludes homemade shep- herd’s pie, steaks, light bites and crisp cold beers. Its balcony has an encom- passing view of the Lobby Lounge which constantly bustles with patrons. The hotel’s renovation also included the three other venues – Cafe Sule and Asian favourites; the Peacock Lounge, an in- formal meeting ground for catch-ups between friends or executives, and the Gourmet Shop serv- ing freshly baked goods, snacks and beverages. All - anmar to be awarded the Hazard Analysis and Crit- ical Control Point System world class standards of food management and hygiene. For recreational pur- suits the Health Club, which overlooks the out- - panded space of over 850 equipment, sauna, steam and massage rooms. The hotel’s meeting spaces – regular hosts of del- egations and dignitaries – span three levels at Sule Shangri-La. The hotel’s 484 remod- elled guestrooms present large picture windows that frame the city, river or Shwedagon Pagoda. televisions, complimen- marble bathrooms. hotel are three refash- ioned suites bordered by views of Yangon city or Yangon River. Incorpo- rating artefacts to dis- play Myanmar’s much- admired handicraft, they are swathed in plush fabrics and trimmed with dark wood. The suites, including the city’s larg- est Presidential suite, measure between 66 and 189 square-metres and are designed for relaxing and working in separate - ted with a bathtub, rain- forest shower and quality amenities. Travellers in search of an exclusive retreat will enjoy the new Horizon Club Lounge. The execu- tive lounge was relocated - obstructed view of Shwed- agon Pagoda and enlarged to over 490 square meters
  • 24. May 8-14, 2014 Myanmar Business Today mmbiztoday.com 24PROPERTY & REAL ESTATE Real Estate Show to Highlight Investment Opportunities Pann Nu S ingapore-based Sphere Conferences will organise a real estate show at the end of this month in Yangon. The Myanmar Real Estate Show 2014 will take place at Traders Hotel Yangon from 26 to 28 May focusing on the trends and investment opportu- nities in Myanmar’s burgeoning real estate sector, the organiser said. Industry leaders and experts – including Myanmar’s top property conglomerate Shwe Taung Group’s director U Han Thein Lwin, managing partner of Leopard Capital Kenneth Stevens and chairman of Silk Road Finance Alisher Ali – will explore areas of development and investment potential with a series of best practice show- cases, Sphere Conferences said. The event will address Myan- mar’s real estate developmental challenges and opportunities relevant at the cur- rent stage of the country’s urbanisa- tion, the company added. Sphere Confer- ences will also arrange Myanmar Urban De- velopment Conference 2014 si- multaneously at the same venue from May 26 to 28. The 2nd edition of the city planning and infrastructure de- velopment conference, which aims to bring in a panel of gov- ernment and industry leaders and experts, will address “the scope and ambitions towards urbanising the new Myanmar,” the event’s organiser said. Myanmar Summary Myanmar Summary Pipeline Growing Phyu Thit Lwin A sia’s hotel development industry has seen a sig- According to STR’s Global Construction Pipeline Report hotel market now has under de- velopment a pipeline of 2,312 new hotels totalling 513,443 rooms. Among the countries in the re- gion, Bangladesh reported the largest expected supply growth (261.1 percent) if all 4,170 rooms under contract open. Six other countries each re- ported more than 30 percent expected room growth: Mon- golia (77.4 percent with 975 rooms); Myanmar (67.5 percent with 4,109 rooms); Sri Lanka (51 percent with 5,204 rooms); Bhutan (46.7 percent with 78 rooms); Indonesia (35.7 per- cent with 53,100 rooms); and the Philippines (+30.7 percent with 13,078 rooms). The under contract data in- cludes projects under construc- ning stages but does not include stage. Myanmar Summary Singapore Company to Invest in Hotel Project in Yangon Kyaw Min S ingapore-based SCCP Lakeside Company will invest in a three-star hotel project in Yangon, local media reported. SCCP has been granted by Myanmar Investment Commis- sion (MIC) for the establish- ment of the hotel project in Hla- ing Township of Yangon in line with the Foreign Investment Law, in April. The MIC also gave permis- sion for a 14-story hotel project, which will run under the Myan- mar Citizen Investment Law. There are a total of 26 foreign- invested hotels across the coun- try, including Yangon and Man- dalay regions. SuleShangri-La nusantaratravelagent.com tm&S[dkw,fzGHUNzdK;a&;vkyfief;tae jzifhrMumao;rDumvrsm;twGif; wdk;wuf rIrsm;&SdvmNyDjzpfonf/ STR 2014 ckESpf rwfvtwGuf GlobalConstruction Pipeline Report t& tm&S-ypdzdwf a'o&Sd [dkw,faps;uGufonf [dkw,f topfaygif; 2312 ckjzifh tcef;pkpk aygif; 513ç443cef;wdk;wufvmaMumif; od&onf/ a'owGif;EdkifiHrsm;teuf b*Fvm;a'h&Sfonf 261 'or 1 &mcdkif EIef;? tcef;aygif; 4170 jzifh tBuD;rm; qkH;wdk;wufcJhonf/ tqdkygtcsuftvufrsm;t& vuf&Sd wnfaqmufqJ? tpDtpOfa&;qGJNyD;onfh pDrHudef;ESifhpDpOfaeonfhpDrHudef;rsm;tm; xnfhoGif;a&wGufxm;jcif;jzpfNyD; rwdus onfhhtajctae&SdonfhpDrHudef;rsm;tm; xnfhoGif;xm;jcif;r&SdaMumif; od&onf/ pifumyltajcpdkufSphereConferences taejzifh ,ckvukefydkif;wGif &efukefNrdKU ü tdrfNcHajrjyyGJwpfcktm; jyo&ef pDpOf vsuf&SdaMumif; od&onf/ Myanmar Real Estate Show 2014 trnfjzifh usif;yrnfh tqdkyg jyyGJtm; &efukefNrdKU ql;av-&Sef*&Dvm [dkw,f (,cif Trader Hotel) wGif arv 26 &ufrS 28 &ufaeYtxd usif;y oGm;rnfjzpfNyD; jrefrmEdkifiH tdrfNcHajr u@wGif&Sdonfh &if;ESD;jr§KyfESHrI tcGifh tvrf;rsm;ESifhOD;wnf&mrsm;tm; t"du xm; jyooGm;rnfjzpfonf/ jrefrmEdkifiHxdyfwef;tdrfNcHajrvkyfief; vkyfudkifonfh a&TawmifukrÜPD 'g½dkuf wm OD;[efodef;vGif? Leopard Capital rS Kenneth Stevens ESifh Silk Road Finance Ouú| Alisher Ali ponfh tdrfNcHajru@wGif OD;aqmifolrsm;ESifh ynm&Sifrsm;vnf; wufa&mufMurnf jzpfonf/ pifumyltajcpdkuf SCCP Lakeside ukrÜPDtaejzifh &efukefNrdKUwGif Mu,f okH;yGifh[dkw,fpDrHudef;twGuf vma&muf &if;ESD;jr§KyfESHrnfjzpfaMumif; od&onf/ jrefrmEdkifiH&if;ESD;jr§KyfESHrIaumfr&Sif (MIC) taejzifh SCCP &efukefNrdKU vIdifNrdKU e,fwGif aqmufvkyfrnfh [dkw,fpDrHudef; tm; EdkifiHjcm;om;&if;ESD;jr§KyfESHrIOya't& {NyDvu cGifhjyKcJhjcif;jzpfonf/MIC tae jzifh 14 xyfyg [dkw,fpDrHudef;wpfckudk vnf; EdkifiHom;&if;ESD;jr§KyfESHrIOya't& cGifhjyKcJhonf/ to provide additional seating and two private meeting rooms. As part of the Horizon Club sonal check-in and late check- out at the lounge, complimenta- ry beverages and refreshments all day, a dedicated concierge privileges that come with Hori- on levels 18 to 22 of the hotel, include complimentary break- fast, in-room wine and snacks upon arrival, suit pressing and daily fruits. “It’s exciting to see the luxury enhancements of the hotel and to introduce Shangri-La’s sig- nature touches in such a desir- able destination,” said Philip Couvaras, area general manag- er of Sule Shangri-La, Yangon. “We look forward to continu- ously providing our guests with new and personal experiences, and to help immerse visitors into the local culture.” To mark Sule Shangri-La, Yangon’s rebranding, the hotel has introduced a “Celebration Package” priced from $215 per night, subject to tax and ser- vice charges, until 31 July. A minimum two nights’ stay in a Deluxe Room includes one way airport transfer (pick up or drop may be used for hotel food and beverage, laundry, massage ser- vices and at the beauty centre. Shangri-La Hotels and Re- sorts currently owns or man- ages more than 80 hotels under the Shangri-La brand with a room inventory of over 34,000. The group has a substantial development pipeline with up- coming projects in China, In- dia, Mongolia, Myanmar, Phil- ippines, Qatar, Sri Lanka and the United Kingdom.
  • 25. May 8-14, 2014 Myanmar Business Today mmbiztoday.com AUTOMOBILE 25 Myanmar Summary Myanmar Summary Thai Auto Output, Sales Plunge Sharply Industry group cites end of government subsidy, rise in household debt Wai Linn Kyaw T hailand’s auto production and domestic auto sales continued to fall hard in March following the end of the time buyers. March production was down 29 percent from a year earlier, to 181,334 vehicles, the Federa- tion of Thai Industries’ Auto- motive Industry Club reported. The decline accelerated from February’s 24 percent pace, though production in March was higher than in February by 4.5 percent. In addition to the end of the government’s incentives for crease in March was also due to disappearing purchasing power as the political turmoil and sluggish economic conditions continued to weigh heavily on consumers’ minds,” said club spokesman Surapong Paisitpa- tanapong. Consumer spending power has been eroded by high house- hold debt, which was the equiv- alent of more than 80 percent of gross domestic product at the end of 2013. The delay in government payment to farm- ers participating in the multi- billion-dollar rice subsidy pro- gram has also contributed to the decline in spending. Domestic auto sales in March were down 47 percent from a year earlier, according to the auto club’s report – but up 17 percent from February, a boost attributed to the promotional power of the Bangkok Interna- tional Motor Show, which start- ed at the end of March. In 2013, domestic auto sales fell 7.7 percent to 1.33 million cars and are forecast to drop by 13.6 percent this year, accord- ing to Toyota Motor Thai Unit. In addition, Thailand’s auto exports hit a six-month high in March, with 113,313 vehicles shipped to overseas markets, up 8.8 percent from a year earlier and up 17 percent from Febru- ary as auto makers decided to increase production for export. Thailand is a regional vehicle production and export base for the world’s top car manufactur- ers. Mercedes sales up 14pc, margins more than double Edward Taylor Dthan doubled as surging sales of new cars and improving margins in its Mercedes-Benz luxury autos division extended its recent recovery. Having dropped to third place in luxury car sales rankings in 2011 behind BMW and Volk- swagen’s Audi, Mercedes-Benz closed the gap in 2013 thanks to redesigned vehicles and new compact cars such as the A- Class sedan. The group said last week sales of Mercedes-Benz cars rose 14 en by demand from China and the United States, as it prepares to roll out a fresh version of its new C-Class model, currently the best selling Mercedes-Benz. “Daimler’s rebirth and rehabili- quarter results. This is supposed to be Merc’s weakest quarter of 2014 with the changeover of the C-Class, so it bodes well for the rest of the year,” said Bernstein analyst Max Warburton in a note to clients. Daimler said group earnings before interest and tax (EBIT) from ongoing business rose to €2.07 billion ($2.9 billion) in the three months ended March, up from €949 million in the year-earlier period, and above the 1.906 billion forecast in a Reuters poll. Including buses and trucks, total sales rose 13 percent. has improved as a range of new vehicles including the A- and B- Class compact cars as well as its more than doubling the divi- sion’s return on sales from on- going operations to 7 percent in the quarter, up from 3.3 percent in the year-earlier quarter. Daimler said it aimed to in- crease that to 10 percent in the medium term. Reuters Ford JoshuaLott/Reuters Daimler yxrokH;vywftwGif; vkyfief;vnfywfrItjrwfonfum;topf a&mif;cs&rIESifh Mercedes-Benz ZdrfcH um;rsm; ydkrdka&mif;cs&rIaMumifh ESpfq wdkk;wufcJhaMumif; od&onf/ 2011 ckESpftwGif; BMW ESifh Volkswagen Audi atmufa&muf&Sd um wwd,ae&modkY avsmhuscJhonfh Mercedes-Benz taejzifh ,mOf'DZdkif; rsm; jynfvnfjyifqifjcif;ESifh A-Class sedan um;rsm;topfrsm; xkwfvkyfEdkif rIwdkYaMumifh 2013 ckESpftwGif; a&mif; tm; jyefvnfjrifhwufcJhonf/ tqdkygukrÜPD ajymMum;csuft& ,ciftywftwGif; Mercedes-Benz a&mif;cs&rIonfyxrokH;vywftwGif; 14 &mcdkifEIef; jrifhwufcJhNyD; xdkodkYa&mif;cs &rIrSm Mercedes-Benz C-Class model topftm; a&mif;cs&efjyifqif onfhtwGuf w½kwfESifh tar&duefEdkifiH rsm;wGif 0,fvdktm;jrifhwufcJhjcif;aMumifh jzpfonf/ c&D;onfwifum;rsm;? ukefwifum;rsm; tygt0if pkpkaygif;a&mif;tm;onf 13 &mcdkifEIef; jrifhwufcJhjcif;vnf;jzpf onf/ xdkif;EdkifiH um;xkwfvkyfa&mif;csrI onf tpdk;&yxrqkH;0,f,lolrsm;tay: wGif acs;aiGxkwfay;rI&yfqdkif;vdkufonfh twGuf rwfvtwGif; qufwdkufusqif; cJhaMumif; od&onf/ rwfvtwGif;xkwfvkyfrIonf ,cif ESpftapmydkif; xkwfvkyfrIatmuf 29 &mcdkifEIef; edrfhuscJhum ,mOftpD;a& 181ç334 om xkwfvkyfEdkifcJhaMumif; Federation of Thai Industries’ Automotive Industry Club rS xkwfjyef cJhonf/rwfvtwGif; xkwfvkyfrIonf azmfazmf0g&Dvxuf 4 'or 5 &mcdkifEIef; jrifhwufcJhaomfvnf; xdkodkYusqif;rIrSm azazmf0g&Dv 24 &mcdkifEIef; usqif;NyD; aemufqufwdkufusqif;cJhjcif;jzpfonf/ rwfvtwGif; jynfwGif;um;a&mif;cs &rIonf rwfvukefwGifpwifcJhonfh Bangkok International Motor Show aMumifh azazmf0g&Dvxuf 17 &mcdkif EIef; jrifhwufcJhaomfvnf;,cifESpftapm ydkif;atmuf 47 &mcdkifEIef; avsmhuscJh aMumif; um;uvyf tpD&ifcHpmt& od&onf/
  • 26. May 8-14, 2014 Myanmar Business Today mmbiztoday.com 26 INTERNATIONALANDDOMESTICFLIGHTSCHEDULE Fligghhtss ffroom Yanggon (RGNN) to Bangkok ((BKK) Fligghhtss ffroom Banggkok (BKKK) to Yaangon (RGN) Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by: PG 706 1 2 3 4 5 6 7 RGN BKK 7:15 9:30 Bangkok Airways DD4230 1 2 3 4 5 6 7 DMK RGN 06:30 07:55 NOK Airlines DD4231 1 2 3 4 5 6 7 RGN DMK 8:00 9:45 NOK Airlines 8M336 1 2 3 4 5 6 7 BKK RGN 6:40 7:25 MAI FD2752 1 2 3 4 5 6 7 RGN DMK 8:30 10:15 Thai AirAsia FD2751 1 2 3 4 5 6 7 DMK RGN 7:15 8:00 Thai AirAsia 8M335 1 2 3 4 5 6 7 RGN BKK 8:40 10:25 MAI TG303 1 2 3 4 5 6 7 BKK RGN 8:00 8:45 Thai Airways TG304 1 2 3 4 5 6 7 RGN BKK 9:50 11:45 Thai Airways PG701 1 2 3 4 5 6 7 BKK RGN 8:50 9:40 Bangkok Airways PG702 1 2 3 4 5 6 7 RGN BKK 10:45 12:40 Bangkok Airways FD2755 1 2 3 4 5 6 7 DMK RGN 11:35 12:20 Thai AirAsia Y5-237 1 2 3 4 5 6 7 RGN BKK 18:05 19:50 Golden Myanmar Airlines PG707 1 2 3 4 5 6 7 BKK RGN 13:40 14:30 Bangkok Airways TG302 1 2 3 4 5 6 7 RGN BKK 14:45 16:40 Thai Airways Y5-238 1 2 3 4 5 6 7 BKK RGN 21:10 21:55 Golden Myanmar Airlines PG703 1 2 3 4 5 6 7 RGN BKK 15:20 17:15 Bangkok Airways FD2753 1 2 3 4 5 6 7 DMK RGN 16:35 17:20 Thai AirAsia 8M331 1 2 3 4 5 6 7 RGN BKK 16:30 18:15 MAI PG703 1 2 3 4 5 6 7 BKK RGN 16:45 17:35 Bangkok Airways FD2754 1 2 3 4 5 6 7 RGN DMK 17:50 19:35 Thai AirAsia TG305 1 2 3 4 5 6 7 BKK RGN 17:55 18:40 Thai Airways PG704 1 2 3 4 5 6 7 RGN BKK 18:25 20:20 Bangkok Airways DD4238 1 2 3 4 5 6 7 BKK RGN 19:30 20:15 NOK Airlines TG306 1 2 3 4 5 6 7 RGN BKK 19:40 21:35 Thai Airways 8M332 1 2 3 4 5 6 7 BKK RGN 19:20 20:05 MAI DD4239 1 2 3 4 5 6 7 RGN DMK 21:00 22:45 NOK Airlines PG705 1 2 3 4 5 6 7 BKK RGN 20:00 21:15 Bangkok Airways FFligghhtss ffroomm Yangoon (RGN)) to Chiaang Maii (CNX) FFligghhtss ffroomm Chiangg Mai (CCNX) to YYangon (RGN) W9-9607 4 7 RGN CNX 14:50 16:20 Air Bagan W9-9608 4 7 CNX RGN 17:20 17:50 Air Bagan Flligghtss ffroom Yanggon (RGNN) to Sinngapore (SIN) Flligghtss ffroom Singaapore (SIN) to Yangon ((RGN) Y5-233 1 2 3 4 5 6 7 RGN SIN 10:10 14:40 Golden Myanmar Airlines Y5-234 1 2 3 4 5 6 7 SIN RGN 15:35 17:05 Golden Myanmar Airlines MI509 1 6 RGN SIN 0:25 5;00 SilkAir SQ998 1 2 3 4 5 6 7 SIN RGN 7:55 9:20 Singapore Airline 8M231 1 2 3 4 5 6 7 RGN SIN 8:30 13:00 MAI 8M6231/3K585 1 3 4 5 6 SIN RGN 9:10 10:40 Jetstar Asia SQ997 1 2 3 4 5 6 7 RGN SIN 10:25 14:45 Singapore Airline 8M232 1 2 3 4 5 6 7 SIN RGN 14:10 15:40 MAI 8M6232/3K586 1 3 4 5 6 RGN SIN 11:30 16:05 Jetstar Asia MI518 1 2 3 4 5 6 7 SIN RGN 14:20 15:45 SilkAir 8M233 5 6 7 RGN SIN 13:45 18:15 MAI 8M235 5 6 7 SIN RGN 19:15 20:45 MAI TR2827 1 6 7 RGN SIN 15:10 19:35 TigerAir TR2826 1 6 7 SIN RGN 13:00 14:30 TigerAir TR2827 2 3 4 5 RGN SIN 17:10 21:35 TigerAir TR2826 2 3 4 5 SIN RGN 15:00 16:30 TigerAir MI517 1 2 3 4 5 6 7 RGN SIN 16:40 21:15 SilkAir MI520 5 7 SIN RGN 22:10 23:35 SilkAir FFliightts frromm Yangonn (RGN) tto Kualaa Lumpuur (KUL) Fligghtts frroomm Kuala LLumpur (KUL)too Yangonn (RGN) AK1427 1 2 3 4 5 6 7 RGN KUL 8:30 12:50 AirAsia AK1426 1 2 3 4 5 6 7 KUL RGN 6:55 8:00 AirAsia 8M501 1 2 3 4 5 6 7 RGN KUL 8:55 12:55 MAI MH740 1 2 3 4 5 6 7 KUL RGN 10:05 11:15 Malaysia Airlines MH741 1 2 3 4 5 6 7 RGN KUL 12:15 16:30 Malaysia Airlines 8M502 1 2 3 4 5 6 7 KUL RGN 14:00 15:00 MAI Fligghtts frrom Yanngon (RGGN) to HHanoi (HHAN) Fligghtts frrom Hannoi (HANN) to Yanngon (RRGN) VN956 1 3 5 6 7 RGN HAN 19:10 21:30 Vietnam Airlines VN957 1 3 5 6 7 HAN RGN 16:35 18:10 Vietnam Airlines Flligghhtss ffroomm Yangon (RGN) to Ho CChi Minhh (SGN) Flligghhtss ffroomm Ho Chii Minh (SSGN) to Yangonn (RGN) VN942 2 4 7 RGN SGN 14:25 17:10 Vietnam Airlines VN943 2 4 7 SGN RGN 11:40 13:25 Vietnam Airlines Flligghtss ffrom Yanngon (RGGN) to TTaipei (TTPE) Flligghtss ffrom Taipei (TPEE) to Yanngon (RGN) CI7916 1 2 3 4 5 6 RGN TPE 10:50 16:10 China Airline CI7915 1 2 3 4 5 6 7 TPE RGN 7:15 10:05 China Airline BR288 2 5 6 RGN TPE 11:35 17:20 EVA Air BR287 2 5 6 TPE RGN 7:30 10:35 EVA Air Flligghhtss ffroom Yanggon (RGNN) to Kunming(KMG) Flligghhtss ffroom Kunmming(KMMG) to Yangon ((RGN) CA906 2 3 4 6 7 RGN KMG 14:15 17:35 Air China CA905 2 3 4 6 7 KMG RGN 12:40 13:15 Air China MU2032 1 2 3 4 5 6 7 RGN KMG 14:40 17:55 China Eastern MU2031 1 2 3 4 5 6 7 KMG RGN 13:30 14:00 China Eastern MU2012 3 6 RGN KMG 12:20 18:10 China Eastern (via NNG) MU2011 3 6 KMG RGN 8:25 11:30 China Eastern (via NNG) Flligghtss from Yanngon (RGGN) to BBeijing (BJS) Flligghtss from Beijjing (BJSS) to Yanngon (RRGN) CA906 2 3 4 6 7 RGN BJS 14:15 21:55 Air China (via KMG) CA905 2 3 4 6 7 BJS RGN 8:05 13:15 Air China (via KMG) Fligghhtss ffroom Yanggon (RGNN) to Naanning (NNG) Fligghhtss ffroom Nannning (NNNG) to Yaangon ((RGN) Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by: MU2012 3 6 RGN NNG 12:20 16:25 China Eastern MU2011 3 6 NNG RGN 10:15 11:30 China Eastern FFligghhtss ffroomm Yangoon (RGN)) to Honng Kong (HKG) HHonngg KKoong (HKG) Flights from Yaangon ((RGN) KA251 1 2 4 6 RGN HKG 1:10 5:35 Dragon Air KA250 1 3 5 7 HKG RGN 21:50 23:45 Dragon Air *PPleaasee noote thee dday change for the deparrture time too Hong Kongg. Flligghhtss ffroomm Yangon (RGN) to Guanng Zhouu (CAN) Flligghhtss ffroomm Guang Zhou (CCAN) to Yangonn (RGN) 8M711 2 4 7 RGN CAN 8:40 13:15 MAI CZ3055 3 6 CAN RGN 8:40 10:30 China Southern Airlines CZ3056 3 6 RGN CAN 11:20 15:50 China Southern Airline 8M712 2 4 7 CAN RGN 14:15 15:45 MAI CZ3056 1 5 RGN CAN 17:40 22:15 China Southern Airline CZ3055 1 5 CAN RGN 14:45 16:35 China Southern Airlines FFlighhts ffroom Yanggon (RGN) to Koolkata (CCCU) FFlighhts ffroom Kolkkata (CCUU) to Yaangon (RRGN) Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by: AI228 5 RGN CCU 18:45 19:45 Air India AI227 1 5 CCU RGN 10:35 13:20 Air India AI234 1 5 RGN CCU 13:40 16:55 Air India (via GAY) AI233 5 CCU RGN 13:30 18:00 Air India (via GAY) Fligghhtss ffrom Yanngon (RGGN) to GGaya (GAAY) Fligghhtss ffrom Gayya (GAY) to Yanngon (RGGN) 8M 601 1 3 5 6 RGN GAY 10:30 11:50 MAI 8M 602 1 3 5 6 GAY RGN 12:50 16:00 MAI AI234 1 5 RGN GAY 13:40 15:00 Air India AI233 5 GAY RGN 15:00 18:00 Air India Fligghtts frrom Yanngon (RGGN) to TTokyo (NNRT) FFliightts frrom Tokkyo (NRTT) to Yaangon (RRGN) NH914 1 3 6 RGN NRT 22:00 06:40+1 ALL NIPPON Airways NH913 1 3 6 NRT RGN 11:10 17:05 ALL NIPPON Airways FFligghhtss ffrom Yanngon (RGGN) to SSeoul (ICCN) FFligghhtss ffrom Seooul (ICN)) to Yanngon (RGGN) KE472 1 3 5 7 RGN ICN 0:05 8:00 Korean Air KE471 1 2 3 4 5 6 7 ICN RGN 18:40 22:55 Korean Air OZ7463 4 7 RGN ICN 0:50 8:50 Asiana OZ4753 3 6 ICN RGN 19:30 23:40 Asiana Flligghtss ffrom Yanngon (RGGN) to DDoha (DOOH) Flightts frrom Dohha (DOH) to Yangon (RRGN) QR619 1 2 3 4 5 6 7 RGN DOH 8:00 11:45 Qatar Airways QR618 1 2 3 4 5 6 7 DOH RGN 21:05 06:29+1 Qatar Airways Flligghhtss ffroomm Yangon (RGN) to Nay Pyi Taww (NYT) Flligghhtss ffroomm Nay Pyyi Taw (NNYT) to Yangonn (RGN) Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by: FMI-A1 1 2 3 4 5 RGN NYT 7:30 8:30 FMI Air Charter FMI-A2 1 2 3 4 5 NYT RGN 8:50 9:50 FMI Air Charter FMI-B1 1 2 3 4 5 RGN NYT 11:30 12:30 FMI Air Charter FMI-B2 1 2 3 4 5 NYT RGN 13:00 14:00 FMI Air Charter FMI-C1 1 2 3 4 5 RGN NYT 16:30 17:30 FMI Air Charter FMI-C2 1 2 3 4 5 NYT RGN 18:00 19:00 FMI Air Charter FMI-A1 6 RGN NYT 8:00 9:00 FMI Air Charter FMI-A2 6 NYT RGN 10:00 11:00 FMI Air Charter FMI-A1 7 RGN NYT 15:30 16:30 FMI Air Charter FMI-A2 7 NYT RGN 17:00 18:00 FMI Air Charter FFliightts frrom Yangoon (RGN) to Manndalay ((MDY) FFliightts frrom Manddalay (MDDY) to YYangon (RGN) Y5-234 1 2 3 4 5 6 7 RGN MDY 6:15 7:30 Golden Myanmar Airlines Y5-233 1 2 3 4 5 6 7 MDY RGN 8:10 9:25 Golden Myanmar Airlines YH 909 2 4 6 7 RGN MDY 6:30 8:10 Yangon Airways YH 910 1 3 MDY RGN 7:40 10:30 Yangon Airways YH 917 1 2 3 4 5 6 7 RGN MDY 6:10 8:30 Yangon Airways YH 918 1 2 3 4 6 7 MDY RGN 8:30 10:25 Yangon Airways YH 727 1 5 RGN MDY 11:15 13:25 Yangon Airways YH 728 1 5 MDY RGN 9:10 11:05 Yangon Airways YH 731 1 2 3 4 5 6 7 RGN MDY 15:00 17:10 Yangon Airways YH 732 1 2 3 4 5 6 MDY RGN 17:10 19:15 Yangon Airways W9 501 1 2 3 4 RGN MDY 6:00 7:25 Air Bagan W9 502 1 2 3 4 MDY RGN 16:10 18:15 Air Bagan K7 222 1 2 3 4 5 6 7 RGN MDY 6:30 8:40 Air KBZ K7 223 1 2 3 4 5 6 7 MDY RGN 9:00 11:05 Air KBZ YJ 201 1 2 3 4 5 6 7 RGN MDY 11:30 12:55 Asian Wings YJ 202 1 2 3 4 5 6 7 MDY RGN 16:00 17:25 Asian Wings Days - (1) Monday (2) TTueesdaay (33) WWeddnessdaay (4) Thursdayy (5) Friday (6) SSaturday (7) Suunday Days - (1) Monday (2) TTueesdaay (33) WWeddnessdaay (4) Thursdayy (5) Friday (6) SSaturday (7) Suunday
  • 27. May 8-14, 2014 Myanmar Business Today mmbiztoday.com IT & TELECOM 27 Myanmar Summary Myanmar Summary Facebook Lets Users Limit Data Shared With Apps Alexei Oreskovic F acebook introduced new features last week that let users limit how much per- sonal information they share with third-party mobile apps, a move meant to quell privacy concerns as the social network seeks to become a top entry port to the internet. In recent years, Facebook Inc has successfully encouraged a growing number of third-party app makers to allow users to log in with their Facebook identity rather than, say, by entering an email address or creating a ded- icated account. of valuable data for the world’s No. 1 social network, but con- cerns have also mounted about third-party developers gaining access to private information. Chief Executive Mark Zuck- erberg said at Facebook’s de- veloper conference in San Francisco that a new version of Facebook’s log-in tool, called “log in anonymously,” would let users control what information they allow third-party apps to see. He told developers the tool would let users feel more com- fortable about logging into apps using Facebook. “By giving people more power and control, they’re going to trust all the apps that we build more, and over time use them more. And that’s positive for everyone,” said Zuckerberg. The revamped log-in screen will let users select which per- sonal information stored on the social network, such as an email address, birthday or items that they have “liked” on Facebook, can be accessed by any particu- lar app. The user’s names and gender will remain visible to the app. The social network also rolled out a new service to distribute ads across a network of mobile applications, opening the door to a new source of revenue. The service, which has been in the works on for some time, allows mobile-app makers to insert various ads within their software, with Facebook shar- ing advertising dollars with the developers. that we’re going to help you monetise in a serious way on mobile,” Zuckerberg said. Facebook faces tough compe- tition in the active mobile ad network market. Google Inc’s AdMob service already allows advertisers to distribute ads to mobile apps, while Twitter Inc said last week that its MoPub ad network can reach 1 billion mo- bile users. Twitter’s MoPub, which serves as an advertising management tool for app publishers, will al- low mobile apps to feature ads for the Facebook audience as well as other networks, the two companies said. Facebook began testing a mo- bile ad network with a limited number of advertisers and mo- bile app publishers in January. It plans to expand the number of app makers that can use the service, although it did not pro- vide a time frame for when the system will become broadly available. The new mobile ad system, dubbed the Facebook Audi- ence Network, will leverage Facebook’s more than 1 million advertisers and its own ability to target users based on their traits. Facebook generates the bulk of its revenue from ads that ap- pear on its own web pages and within its own mobile app. By distributing ads across a con- stellation of independent mo- expands its advertising space, opening the door to more rev- enue. To get access to the extra ad space, ad networks typically share the revenue with their partners. Facebook will share DavidPaulMorris/Bloomberg SAIL Produces Myanmar’s First Telecom TVC with MPT and Samsung Phyu Thit Lwin LGroup of Companies an- nounced that it has pro- duced and aired Myanmar’s (TVC). This will kickstart a spending spree that will dominate the advertising industry in 2014, projected to be valued at $212.8 million, according to research The TVC for Myanmar Post and Telecommunications (MPT) featured a traditional theme for the company’s sea- sonal Thingyan 20 percent bo- nus promotion, and is also the commercial. InOctober2013,SAILGroup’s chairman John Handley cre- ated a separate company for TVC production, Big Mountain Productions (BMP), which has since produced commercials for Samsung, CB Bank and MPT. With the introduction of a new broadcasting law, the use of local talent and a local direc- tor now will enable SAIL to get a discount while airing TVC’s in Myanmar, the company said. John Handley, a US citizen who has been working in and out of Myanmar for 13 years, established BMP by importing foreign equipment and training an entirely Myanmar crew to operate them, SAIL said. In February 2014, SAIL pro- duced a TVC for Samsung’s Tab3 Lite, featuring Ei Chaw Po and Thanadar Bo. This TVC was then aired in Cambodia and Vietnam for Samsung, the Myanmar commercial has been shown abroad. SAIL Group of Compaies onf yxrqHk;aomqufoG,fa&;vkyfief; aMumfjimudk ½dkuful;xkwfvkyfcJhonf/ qufoG,fa&;vkyfief;rsm; tNydKiftqdkif jzpfvmonfhtcsdefwGif aq;vfonf jrefrmhqufoG,fa&;vkyfief; (MP) aMumfjimudk OD;pGm½dkuful;xkwfvTifhcJhonf/ tqdkygaMumfjimonf jrefrmh½dk;&moBuFef yGJawmftwGif; MPT ukrÜPDu zkef;aiG jznfhuwfrsm;wGif 20 &mcdkifEIef;tydkxyf aqmif;ay;aom Promotion wpfckjzpf onf/,if;aMumfjimonf MPT ukrÜPD yxrqHk;aom wDADaMumfjimwpfckjzpf onf/ SAIL ukrÜPDonf jzpfNyD; tcsdefjynfhaMumfjimvkyfief;0efaqmif rIrsm;tjyif ukefypönf;qkdif&mAsL[ma&;qGJ jcif;? 'DZdkif;zefwD;jcif;? PR event rsm; udk pDrHcefYcGJjcif;? aMumfjim½dkuful;jcif;? pm;oHk;olrsm;tm; ppfwrf;aumuf,ljcif;? aps;uGufvIHUaqmfjcif;ESifhrD'D,mtpDtpOf qGJjcif;ESifh rSm,ljcif;wdkYudk jyKvkyfay;onfh ukrÜPDjzpfonf/ - SoeZeyaTun/Reuters Facebook taejzifh okH;pGJolrsm;tm; rdkbdkif;aqmhzf0Jvfrsm;jzifh rQa0rItm; uefYowfEdkifonfhvkyfaqmifcsuftopf tm; vlrIuGef,ufrsm; udk,fa&;vkHNcHK rItqifhtwef;tm; jr§ifhwif&ef ,cif tywfu rdwfqufay;cJhonf/ rMumao;rDESpfrsm;u Facebook Inc taejzifh aqmhzf0JvfESifh *drf;rsm;tm; Email ½dkufxnfhum taumifhtopf wpfckzGifhjcif;xuf Facebook taumifh tokH;jyKum 0ifa&muftokH;jyKcGifhay;cJh onf/tusKd;quftaejzifh urÇmheHygwf wpf vlrIuGef&uftm; tusdK;&Sdonfh tcsuftvufrsm; &&Sdaponf/ odkYaomf tqdkygaqmhzf0JvfESifh*drf;zefwD;xkwfvkyf olrsm;udkvnf; udk,fa&;tcsuftvuf rsm;&&Sdaponfh a0zefrIrsm;vnf; &Sdvm cJhonf/ trIaqmift&m&SdcsKyf MarkZuckerberg rS qefz&efpöpudkwGif jyKvkyfcJhonfh Facebook Developer Conference wGif “log in anonymously” [k ac:qdk onfh Facebook taumifh0ifonfh udk,fa&;tcsuftvufrnfrQudk tjcm; aqmhzf0Jvfrsm;tm; tokH;jyKaprnf[k owfrSwfEdkif&ef vkyfaqmifoGm;rnfjzpf aMumif; aMunmcJhonf/ most of the ad revenue with apps makers, as is standard in the industry. Reuters
  • 28. May 8-14, 2014 Myanmar Business Today mmbiztoday.com 28IT & TELECOM Myanmar Summary Myanmar Summary Noel Randewich Q ualcomm Inc is spinning - ness technology, which is compatible with Apple Inc’s iBeacon version, to a group of investors including music, sports and arena conglomerate AEG. The chipmaker said last week it sold the business as a newly formed entity called Gimbal Inc. One investor is the i-Hatch LBS Fund, which includes stra- tegic investors Zebra Tech- nologies Corporation and AEG. Qualcomm will remain a mi- nority investor. A Qualcomm spokesperson details. The technology allows retail- ers and sports venues to track - ers on their premises and send context-aware messages, like services, to their smartphones. It is part of a growing trend in which smartphones and tablets recommendations to consum- ers depending on where they are and what they are doing. The advanced Bluetooth tech- nology behind Gimbal, which can be more accurate than GPS and works indoors, meets standards for iBeacon technol- ogy used in Apple stores. In March, San Diego, Cali- fornia-based Qualcomm said it had been chosen to supply iBeacon-compatible equipment to be used in 20 Major League Baseball stadiums. Reuters Krista Hughes T he United States has re- sisted lobbying by US businesses to take tough- er trade action against India for its intellectual property poli- cies, deciding against risking ties with a likely new govern- ment in New Delhi. The US Trade Representative avoided labelling India with the scorecard on protecting US pat- ents, copyrights and other intel- lectual property (IP) rights. Instead, the United States kept India, which is in the midst of elections, on its Prior- ity Watch List along with China and eight other countries. It would start a special review of India in the fall and “redouble” the new government, the US Trade Representative said. - pose of the review was to assess the new government’s level of engagement and the USTR was not contemplating a change in India’s status in 2014. A new process would start in 2015, he added, and stakeholders could give their input. “Labelling India as a Prior- ity Foreign Country just as a new government comes to power would have meant that wrong foot, but the potential penalty which would be levied against India will now hang over bilateral relations,” said Center for Strategic and Inter- national Studies adjunct fellow Persis Khambatta. Some were disappointed that the USTR failed to name India as a “priority foreign country” – a label that can eventually lead to trade sanctions or the loss of yet. Orrin Hatch, the top Repub- lican on the Senate Finance Committee and one of four top lawmakers who ordered an in- vestigation into Indian trade policies last year, said the coun- try was a “textbook example” of poor practices regarding intel- lectual property. “A stronger response is re- quired to dissuade other coun- tries from adopting similar policies,” he said in a statement. Even so, the US Chamber of Commerce and the Pharmaceu- tical Research and Manufactur- ers Of America (PhRMA), which had both wanted India named special review. “Such a review provides a needed avenue for constructive engagement with the incom- ing Indian government on how to resolve the deteriorating IP environment in India,” PhRMA President John Castellani said. Intellectual property lawyer Steven Tepp, the president of consultancy Sentinel World- wide, said the planned spe- cial review allowed the USTR to change India’s ranking and should tell the Indian govern- ment the issue needed “urgent attention”. The USTR said India’s limits on the approval of pharmaceu- tical patents, a convoluted pro- cess for patent challenges and the fact that the government was considering opening a se- ries of patented drugs to generic manufacturers created “serious challenges” for some innova- tors. The spread of pirated goods in India, a stalwart of the US IP black list, was also worrying. The report noted estimates that counterfeiting and smuggling lost copyright holders almost $12 billion in 2012. Reuters Shops in Nehru Place market in India’s capital New Delhi primarily deal in computer pe- ripherals, but it has also been notorious markets for piracy in the world. Pirated versions of copied software programs of compa- nies such as Adobe and Oracle and various operating systems of Microsoft are on sale. The compact disc of Windows 7 op- erating system costs 100 rupees ($1.66), compared with about $100 for an original copy. Alok, who sells pirated games in the market, said he does not know about the losses incurred by companies because of piracy. “I only care about my daily wage of 130 rupees,” he said. Reuters DavidPaulMorris/Bloomberg - ern Indian city of Chennai. Babu/Reuters Qualcomm Inc taejzifh Apple Inc iBeacon ESifhvdkufzufonfh wnfae&mod&SdrIenf;ynmtm; *Dw? tm; upm;ESifh tm;upm;uGif;tpkpyfvkyfief; AEG wdkYyg0ifonfh &if;ESD;jr§KyfESHolwpfpk tm; a&mif;cscJhaMumif; od&onf/ tqdkygukrÜPDtaejzifh topfzGJUpnf; vdkufonfh Gimbal Inc taejzifh ,cif tywfu a&mif;cscJhjcif;jzpfonf/tqdkyg ukrÜPDwGif Zebra Technologies Corporation ESifh AEG wdkYyg0ifonfh i-Hatch LBS Fund rSvnf; &if;ESD; jr§KyfESHxm;NyD; Qualcomm Inc taejzifh &if;ESD;jr§KyfESHrIItenf;i,fom yg0ifxm; jcif;jzpfonf/ tqdkygenf;ynmonf vufvDa&mif;cs 0ef;usif&Sd okH;pGJolrsm; wnfae&mtm; jyoEdkifNyD; ukefypönf;ESifh0efaqmifrIrsm; uJhodkY pmwdkay;ydkYjcif;rsm; vkyfudkifEdkifrnf jzpfonf/ rlydkifcGifhqdkif&mrl0g'rsm;twGuf e,l; a'vDtpdk;&ESifh qufqHa&;tm; pGefYpm; í tar&duefvkyfief;rsm;tm; tdEd´, odkY ul;oef;a&mif;0,f&mwGif wif;Muyf vdkufaMumif; od&onf/ tar&dueful;oef;a&mif;0,fa&;udk,f pm;vS,ftaejzifh tar&duefrlydkifcGifh?pmrl rlydkifcGifhESifh tjcm;rlydkifcGifhtcGifhta&;rsm; qdkif&mESpfywfvnftpD&ifcHpm tqdk; &Gm;qkH;usL;vGefolrsm;wGif tdE´d,tm; xnfhoGif;xm;jcif;r&Sdaomfvnf; tdEd´, tm; w½kwfESifh tjcm; 8 EdkifiHwdkYESifhtwl OD;pm;ay;apmifhMunfhpm&if;wGif xnfhoGif; xm;aMumif; od&onf/ tar&duefEdkifiHtaejzifh tdEd´,tpdk;& onf tqdkygEdkifiHrsm; vkyfaqmifrIrsm; tm; apmifhMunfhrnfjzpfNyD; tdEd´,EdkifiH tay: txl;okH;oyfrI pwifjyKvkyfzG,f &SdaMumif; tar&dueful;oef;a&mif;0,f a&;udk,fpm;vS,frS ajymMum;cJhonf/
  • 29. May 8-14, 2014 Myanmar Business Today mmbiztoday.com IT & TELECOM 29 Myanmar Summary NokiaReturns$3.1btoShareholders,SuriBecomesCEO Sakari Suoninen & Jussi Rosendahl F innish telecommunica- tion gear maker Nokia last week reported higher- than-expected quarterly earn- ings and promoted Rajeev Suri, the head of its biggest division, to lead the company following the sale of its once-dominant phone business. The company also announced plans to return $3.1 billion to shareholders via buybacks and extra dividends, a move seen by some analysts as an attempt to retain investors as it refocuses is business. Suri, a 46-year-old Indian na- tional, was widely expected to become the CEO as he helped Nokia’s networks business, for- - able with cost-cuts and divest- ments. software deals helped the net- works business report a core ahead of the 5.7 percent aver- age forecast by analysts polled by Reuters. The margin is also expected to remain at the high- er end of a 5-10 percent target for this year, Nokia added in its earnings statement. The unit was one of three that remained after Nokia sold its mobile phone business to Mi- crosoft for about €5.6 billion in a deal that closed on April 25. Nokia said it would focus on growing the networks unit, as well as its navigation and pat- ents business, but did not give “The general strategy is not very concrete, sounds like they have just come up with a mega- trend around their three busi- ness areas. I’d expect the units to be rather independent in the future,” said Mikael Rautanen, analyst with equity researchers Inderes. The networks business last year accounted for about 90 percent of the group’s sales and Nokia has vowed to make a more aggressive push this year to increase its global market share. Analysts, however, say it may face challenges as higher re- search and development costs give bigger, deep-pocketed ri- vals such as industry leader Ericsson and Chinese telecoms Suri, in a video posted on the company’s website, said there was plenty of scope for expan- sion. “I have been with Nokia for almost 20 years, and the oppor- tunities ahead of us are as great as I have ever seen,” he said. Suri, who has been with Nokia since 1995, successfully turned around the loss-making net- works unit in 2012. “Rajeev is the right person to lead the company forward,” Nokia Chairman Risto Siilas- maa said in a statement. “He has a proven ability to create strategic clarity, drive innova- tion and growth, ensure disci- plined execution, and deliver results.” Reuters zifvefEdkifiHtajcpdkuf qufoG,fa&; vkyfief;wpfckjzpfonfh Nokia taejzifh okH;vywftjrwfrsm; arQmfvifhxm;onf xuf ydkrdk&&SdcJhNyD; ukrÜPD zkef;vkyfief; a&mif;cs&efESifh ukrÜPDtm; OD;aqmif&ef twGuf Rajeev Suri trIaqmift&m&Sd csKyftjzpf &mxl;wdk;jr§ifhay;vdkufaMumif; od&onf/ ukrÜPDtaejzifh tar&duefa':vm 3 'or 1oef;tm; &S,f,m&Sifrsm;udk tjrwfjyefvnfcGJa0ay;rnfjzpfaMumif; xkwfjyefcJhNyD;okH;oyfolrsm;rSxdkvkyfaqmif csufonf vkyfief;vnfywfEdkifa&;twGuf &if;ESD;jr§KyfESHolrsm;tm; qGJaqmif&ef vkyf aqmifrIwpfckjzpfaMumif; okH;oyfMuonf/ touf 46 ESpft&G,f tdEd´,vlrsKd; jzpfonfh Suri onf Nokia’s networks business tm; tjrwftpGef;&&Sd&ef vkyf aqmifEdkifonfhtwGuf ukrÜPD CEO jzpfvmEdkifaMumif; cefYrSef;xm;Mujcif;jzpf onf/okH;pGJrIavQmhcsjcif;ESifh tjrwftpGef; &&SdEdkifonfh aqmhzf0Jvkyfief;rsm;onf ukrÜPDyxrokH;vywftwGif tjrwf tpGef; 9 'or 3 &mcdkifEIef; &&SdapcJhNyD; yQrf;rQ5'or7&mcdkifEIef;odkYa&muf&Sd&ef cefYrSef;&aMumif; Reuters okH;oyfol rsm; ppfwrf;rS od&onf/ tqdkygtjrwf tpGef;taejzifh ,ckESpfwGif 5-10 &mcdkif EIef;jzifh qufvuf&Sdae&ef cefYrSef;xm; aMumif; Nokia xkwfjyefcsuft& od&onf/ Myanmar Summary PaypalBurnishesBrandImageAsMobileUseSurges Deepa Seetharaman T he online payment com- pany PayPal is getting a shiny new look and its as parent eBay Inc tries to wrest attention away from the grow- ing number of rivals piling into the mobile payments market. The brand overhaul unveiled last week includes a more vi- brant, simple logo designed to suit mobile phones and wear- able devices like wristbands - sion ads in the U.S. market. The campaign will last throughout the summer and into fall 2014. The move comes as PayPal, the dominant online payment processor, shifts its focus to- ward mobile phones and the fast-growing market to enable consumers to pay for physical goods and services with their smartphones. “If you look at us visually on- line, we look very similar to said Christina Smedley, vice president of global brand and communications at PayPal. “Our brands and the ways con- sumers are going to experience them, the way people are going to touch us, is going to change hugely in coming years,” she said. The company declined to specify the total cost of the marketing campaign, but said it was the largest ever planned for PayPal, which accounts for a large chunk of eBay’s over- all stock market value and its growth outpaces the rest of the company. The US mobile payment mar- ket will reach $90 billion by 2017, up from $12.8 billion in 2012, according to Forrester Re- expects the global market will see a more than threefold rise by 2017 to $721 billion. That potential has attracted the likes of Amazon.com Inc, Google Inc and Square Inc. Be- tween 3 percent and 7 percent of consumers worldwide use in- store mobile payments, but up to 27 percent are willing to try, according to Bain & Company. With 143 million active users at the end of 2013, PayPal is the dominant online payment pro- vider, but it is not used widely for in-store payments in the United States, Bain said. “Our research showed that people needed to be reminded we have and this felt like a way we could bring it together,” Sm- edley said. PayPal since 2007. The logo by designer Yves Behar, who Jawbone, a maker of headsets few weeks after activist investor eBay’s most attractive and fast- est-growing unit. Reuters tifwmeufaiGay;acsrIvkyfief;jzpfonfh PayPal eBay Inc taejzifh ,SOfNydKifrIjrifhrm;vmonfh rdkbdkif;aiGay;acsrIaps;uGufodkY 0ifa&muf &ef yxrqkH;tBudrftaejzifh toGifopf ESifh aps;uGufcsJUxGifawmhrnfjzpfaMumif; od&onf/ Paypal taejzifh rdkbdkif;zkef;ESifh em&D uJhodkY 0wfqifEdkifonfhud&d,mrsm;twGuf ½dk;&Sif;pGm 'DZdkif;xkwfxm;NyD; tar&duef EdkifiHwGif Paypal yxrOD;qkH;aom wDADaMumfjimtm; xkwfvTifhjyornfjzpf aMumif; ,ciftywfu xkwfazmfajym Mum;cJhonf/tqdkygvIyf&Sm;rItm; aEG&moD ESifh 2014 aESmif;ydkif;txd vkyfaqmif oGm;rnfjzpfonf/ Paypal tqdkygvkyfaqmifcsufonf bufodkY a&S;½Ijcif;jzpfNyD; wdk;yGm;vmonfh prwfzkef;rsm;rSwpfqifh vlokH;ukef ypönf;rsm;twGufaiGay;acsEdkif&ef vkyf aqmifay;oGm;rnfjzpfonf/ tar&duefEdkifiH rdkbkdif;aiGay;acsrI aps;uGufonf 2012 ckESpfwGif tar&d uefa':vm12'or8 bDvD,H&SdcJhonf/ Rajeev Suri, the new CEO of Nokia. HenrikKettunen Visitors walk past an Ebay and PayPal banner at the Mobile World Congress in Barcelona. AlbertGea/Reuters
  • 30. May 8-14, 2014 Myanmar Business Today mmbiztoday.com SOCIAL SCENES 30 Customers check out products at the fair. Lock & Lock Lock & Lock Fair Lock & Lock’s showroom. Lock & Lock Customers at the “Keep your FUN tight with Lock & Lock” fair. Lock & Lock The Launch of Bangkok Airways' Brand Ambassador Model Moe Set Wine, brand ambassador of Bangkok Airways. Bangkok Airways Moe Set Wine. Bangkok Airways RebrandingCeremoryofTradersHoteltoSuleShangri-La,Yangon Htar Htet Htet and the models performed in rebranding of Sule Shangri-La hotel. Wai Linn Kyaw Phillip Couvaras, area manager of Sule Shangri-La hotel.Wai Linn Kyaw Yinn Mar Nyo, director of sales and marketing & Agnes Pacis. Wai Linn Kyaw Hotel staff pay respect to monks. Wai Linn Kyaw Hotel staff pose for a photo. Wai Linn Kyaw Hotel staff pay respect to monks. Wai Linn Kyaw A monk sprinkles holy water in hotel compound. Wai Linn Kyaw A monk sprinkles holy water to flag pole. Wai Linn Kyaw A monk sprinkles holy water on the signboard. Wai Linn Kyaw Models pose for a photo. Bangkok AirwaysModels pose for a photo. Bangkok Airways International Conference of Maritime Challenges to ASEAN & Prospects of SCS Dispute Resolution AB Mahapatra, director, CASS-India. Kyaw Min U Thaung Tun, member, board of directors, Myanmar Development Resource Institute (R). Kyaw Min
  • 31. May 8-14, 2014 Myanmar Business Today mmbiztoday.com CLASSIFIEDS 31
  • 32. May 8-14, 2014 Myanmar Business Today mmbiztoday.com 32ENTERTAINMENT Myanmar Cools Talk of 2019 Asian Games Bid Aye Myat M yanmar appears unlikely to replace Vietnam as host of the 2019 Asian Games, despite having ambitions of becoming a major player in the conti- nent’s sporting landscape. Myanmar’s senior sports of- which staged last December’s SEA Games, is well-equipped to take over the hosting of the Asiad, numerous challenges re- main in organising the world’s second largest multi-sports event after the Olympics, ac- cording to a report in Today online. “If we have a choice the authority will agree (to host the Games), and our athletes are ready,” Deputy Sports Minis- ter Zaw Winn was quoted as saying. “But there needs to be serious consideration for such a big event as we have many things happening this year after tak- ing over the ASEAN chairman- ship.” Khin Maung Lwin, joint sec- retary general of the Myanmar Olympic Committee said while Myanmar has enough facili- ties and infrastructure, it has shortcomings in expertise and manpower to organise such a big event. The SEA Games has 11 countries, but the Asian Games has 45. Earlier this month, the Vietnamese government an- nounced Hanoi was withdraw- ing as host of the 2019 Asiad, citing the economic recession, budgetary constraints and concerns that the country’s reputation could be damaged if the plug. The Olympic Council of Asia (OCA) is expected to decide on the new host city on Sept 20 during the Asian Games in Incheon. The United Arab Emirates, China and Japan have been cited as possible hosts, while the Taiwanese city of Kaohsiung will spend a month evaluating the possibil- ity of organising the Games. Surabaya, which lost the 2019 vote to Hanoi two years ago, is another favourite, but Indonesia Olympic Commit- tee Chairwoman Rita Subowo has questioned if the govern- ment will have enough time to prepare. The Asian Games were to have cost Vietnam about $300 million, while this year’s Games (Sept 19-Oct 4) will reportedly cost South Korea $1.62 billion. The costs have proved a de- terrent for many, with Malaysia willing to consider stepping in only if OCA helped foot the bill, while Thailand is not keen. MyanmarFootballTeamUnderTraining forAFCChallengeCup2014 M yanmar football team is under training for the Asian Football Confederation Challenge Cup 2014, the country’s Football Federation said last week. under Myanmar head coach Rodojko Avramovic, involved National Hockey Kyaw Min M yanmar National Hockey League Theinbyu turf hockey pitch in Yangon on May 3, according to Myanmar Hockey Federation. Organized by the Ministry of Sports and the Myanmar Hockey Federation, a total of eleven hockey clubs are taking part in the league. In the meantime, Myanmar hockey team has resumed its training, which had been 28 players and began on Wednesday last week. The Serbian coach was ap- pointed as Myanmar national team’s coach in February this year. The team will play friendly matches in Thailand ahead of the AFC challenge Cup. AFC U-19 Championship has taken place in Myanmar. According to the draw, Myan- mar, Iran, Thailand and Yemen will be in Group (A), while Uzbekistan, Australia, United Arab Emirates and Indonesia in Group (B), South Korea, Japan China and Vietnam in Group (C) and Iraq, North Ko- rea, Qatar and Oman in Group (D). The tournament is scheduled to take place in Nay Pyi Taw and Yangon from October 9-23. suspended for months after the end of the 27th Southeast Asian (SEA) Games hosted by Myan- mar in December last year. pare for the 28th SEA Games in Singapore next year, the men’s team with 23 players and the women’s team with 13 have be- gun intensive training starting from April 21. The men’s team will continue to work with the Pakistani coach who served as their coach during the previous SEA Games. Golf-European Tour Subsidises Late Switch, Asia Not As Generous Patrick Johnston T he European Tour picked up any costs its members incurred after the late decision to move last week’s tournament from South Korea to Singapore but Asian Tour golfers at the co-sanctioned similar reimbursements. Earlier in April, the two circuits announced that The Championship was being re- located due to “staging issues” after its original sponsor with- required changing and hotels switched to compete at Laguna National. The European Tour sent a directive to its members on how to reclaim expenses for the extra costs provoked follow- ing the unforeseen change of circumstances. The Asian Tour, however, were not able to match the $1.5-million event, formally known as the Ballentine’s Championship, where prize money is down from last year’s $2.8 million purse. Asian Tour chairman Kyi Hla Han was not available for comment after playing in the pro am, while the Tour’s CEO Mike Kerr, away on business in Abu Dhabi, also opted against discussing the issue. The Asian Tour’s order of merit leader Anirban Lahiri ings were part and parcel of being a golfer and he laid no blame at the door of the organ- isers but the Indian did praise the European Tour’s policy. “Everyone is trying to be eco- nomical by booking in time but these things can happen if you pull out of events or miss cuts, you change tickets,” the Indian told Reuters. “It is something that is the prerogative of the Tour, if the European Tour has taken that decision it’s really good on the Tour to support their players and hopefully something like this can be learnt by the other tours.” Schedule delay Late scheduling switches are par for the course for Asian Tour members with the 2014 Myanmar Open disappearing from the list of events without notice, while the return of next month’s Philippine Open was only announced last week. The Asian Tour members are still waiting for the second half of their 2014 schedule to be announced with the Chiangmai Golf Classic held in Thailand in of the year to date. Singapore’s Mardam Marmat said the switch of venues for this week’s event had led to mixed feelings. and done my visa,” the world number 548, who has won $4,025 from four events this year, told reporters. “It is good and bad for me... bad I lose some money on the air ticket and good I now play in my home town.” European Tour member Brett Rumford, winner of the event last year in Korea, said the late switch had not caused him too much trouble. “I didn’t book any accommo- got lucky on that,” the Austral- ian told reporters after reveal- ing he nearly missed China Open because he had run out of pages in his passport and required a new one. “The Tour is always subsidis- ing any money lost so we have been looked after.” Austrian Bernd Wiesberger, who won the tournament in 2012, said he was grateful to organisers for managing to put an event on this week after the “We are fortunate to have the tournament from what I’ve heard. We lost the tournament at Blackstone, which was a shame for me as I’d played well there for two years,” he said. “But it is great to be here in Singapore and we have to pay a great deal of credit to everyone for setting up a tournament like this in such a short period of time.” Pann Nu

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