Myanmar Business Today - Vol 2, Issue 8

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Myanmar Business Today is Myanmar’s first 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.

Myanmar Business Today’s target readers are foreign and local investors, businesspeople and government officials, and our advertisers are also those who try to reach this niche market in Myanmar. We provide best solutions for our advertisers with our content, outstanding print and paper quality, and superior distribution chain. We convey our advertisers’ messages to readers not only in Myanmar but also in Thailand, Southeast Asia’s second largest economy.

For more information please visit our website www.mmbiztoday.com.

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Myanmar Business Today - Vol 2, Issue 8

  1. 1. Myanmar Business Today mmbiztoday.com February 20-26, 2014 MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL mmbiztoday.com February 20-26, 2014 | Vol 2, Issue 8 Myanma Airways Signs Nearly $1-b Aircraft Leasing Deal Kyaw Min S mar. Myanma Airways (MA), aisle jets, according to a joint statement from the GECAS, the commercial aircraft-leasing arm of US-based General Electric Co, said the deal had a list price of $960 million and the aircraft will be delivered through 2020. markets in the region, ofways told a news conference on the sidelines of 2014 Singapore Air Show. “Myanma Airways, which has suspended international operations since 1993, is now going to re-enter the international market with the support of our good friend and partner GECAS,” Minister for Transportation U Nyan Htun Aung said. “We hope that we could become well known again to international air travellers.” pand its international routes to Japan and South Korea. Currently, its only livered in June 2015 and by GECAS. Leasing companies rent change for a monthly fee. Each 737 aircraft is worth about $90 million at list prices when ordered directly from planemaker Boeing. dhist pilgrim destination Gaya in India. “We are delighted to work with GECAS to develop and upgrade our routes into key markets in the region,” said Captain Contd. P 6... Myanmar Summary Ediiyif jrefrmhavaMumif;vdi;f k f H kd k onf urÇmhtBuD;qHk; iSm;&rf;0ef aqmifrIrsm;udk jyKvkyfay;aom ukrPBD u;D jzpfonfh GE Capital Ü Aviation Services (GECAS) rS bdk;tif; 737 *sufav,mOf Soe Zeya Tun/Reuters tate-owned Myanma Airways has agreed to lease 10 new Boeing 737 jets from the world’s biggest leasing company GE Capital Aviation Services (GECAS), marking the largest single MA will work with GECAS to develop and up- opf 10 pif;tm; iSm;&ef;oGm;&ef twGuf oabmwlnDcsuf&&SdcJhNyD jrefrmEdkifiHtwGuf tBuD;rm;qHk; avaMumif;vkyfief;wdk;csJUaqmif &GufrIwpfckvnf;jzpfonf/ jrefrmh avaMumif; t a e jzif h bdk;tif; 737-800 *suav,mOf f 6 pif;ESifh 737-8MAX *suf av,mOf 4 pif;udk iSm;&rf;oGm; rnf[k o&onf/ tar&dueftajc d pdkuf General Electric Co vkyief;cGjJ zpfaom GECAS rS f ,ckoabmwlnDcsufukd tar&d uefa':vm oef; 960 jzifh oabmwlnDcJhjcif;jzpfNyD; yxr qHk;av,mOftm; 2015 Zlviv kd f wGif vTJajymif;ay;oGm;rnfjzpf aMumif;vnf; od&onf/ bdk;tif; 737 av,mOfwpfpif; wefzdk;rSm bdk;tif;av,mOf xkwfvkyfa&;ukrÜPDrS wdkuf½dkuf rSm,ly gu tar&d u ef a ':vm Contd. P 6... German President Joachim Gauck gives a speech at Yangon University. Germany Waives Half a Billion Euro of Myanmar’s Debt Phyu Thit Lwin G ermany has signed an agreement to slash more than half a billion euro in debt owed by Myanmar, in line with a debt forgiveness agreement the Southeast Asian nation made a year ago with the Paris Club, a group of creditor countries. The agreement was signed on February 10 in Myanmar’s capital Nay Pyi Taw, during a state visit by German President Myanmar Summary by a German head of state in 26 years, state-run media reported. The remaining debt of €542 million ($741 mil- jrefrmEdkifiHrS ay;qyf&efusef &Sdaeao;onfha<u;NrD ,l½dk 500 rDvD,Hausmftm; y,fzsufay;&ef *smrPD E d k i f i H u oabmwl v uf rSwfa&;xd k ; ay;cJ h N yD j zpf a Mumif ; od&onf/ jrefrmEdii zGUH NzKd ;wd;k wufrukd k f H I taxmuf t ul j yK&ef t wG u f Paris Club rS vGefcJhonfh 1 ESpfausmfwGif a<u;NrDrsm;udk y,fzsuay;&eftwGuf aqG;aEG;rI f rsm; jyKvyconf/tqdyg a<u;NrD k f hJ k paid with a three percent interest within a period of 15 years, according to the agreement. Myanmar negotiated the deal a year ago with Contd. P 6... Contd. P 6...
  2. 2. LOCAL BIZ 2 Myanmar Business Today February 20-26, 2014 mmbiztoday.com Business News in Brief MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL Board of Editors Editor-in-Chief - Sherpa Hossainy Editor-in-Charge - Wai Linn Kyaw Parliament calls for nuclear energy to cope with chronic power shortage ment last week urged the government to generate nuout the country, local media reported. Reporters & Writers Sherpa Hossainy, Kyaw Min, Phyu Thit Lwin, Htet Aung, Su Su, Aye Myat, Daisuke Lon, Yasumasa Hisada Art & Design Zarni Min Naing (Circle) Naing Zaw Linn DTP May Su Hlaing The Myanmar government will announce the winblocks this month, a senior Energy Ministry has said. “'We are nearly at 100 percent evaluation of the 2013 in February,”' Win Maw, the deputy director general of with the bid winners could take months before they are Translators Shein Thu Aung, Phyu Maung Advertising Seint Seint Aye, Moe Hsann Pann, Htet Wai Yan Advertising Hotline - 09 420 237 625, 09 4211 567 05, 09 31 450 345 Subscription & Circulation Aung Khin Sint - aksint2008@gmail.com 09 20 435 59 Nilar Myint - manilarmyint76@gmail.com 09 4210 855 11 Managing Director Prasert Lekavanichkajorn pkajorn@hotmail.com Email Editor-in-Chief - sherpa.hossainy@gmail.com Editor-in-Charge - linnkhant18@gmail.com Advertising - sales.mbtweekly@gmail.com Designer - zarni.circle@gmail.com Myanmar imports 90pc of medicine requirements Myanmar has to import 90 percent of the medicine required for its population of over 60 million, the Kumtor has shown interest in manufacturing medicines in the country. Marubeni Corp plans to build fertiliser factory in Myanmar cluding construction of a chemical fertiliser factory, local media reported. A team led by Tetsuro Terasaka, Yangon, reportedly met with Win Tun, union minister for Environmental Conservation and Forestry, and Investment and Company Administration, in Nay Pyi Taw recently. Phone Editor - 09 42 110 8150 Designer - 09 7310 5793 Publisher graded with aid from India and will produce 92 Ron (unleaded gasoline), a Myanma Petrochemical Enterprise source was quoted as saying in local media. My- U Myo Oo (04622) Printing Shwe Naing Ngan Printing (04193) No. 1A-3, Myintha 11th Street, South Okkalapa Township, Yangon. Tel: 951-850 0763, Fax: 951-8603288 ext: 007 yarkan – Thanlyin and Chauk. Myanmar to send workers to Taiwan permitting Myanmar workers to move to Taiwan’s manucials from the Federation of Myanmar Overseas Employment Agencies. If all goes well, workers from Myanmar will be sent to Taiwan after May, the report added. Myanmar to import minicars through border gates Myanmar will soon allow imports of minicars, which have less than 1,000cc engine power, through border gates, local media reported Commerce Minister Win Myint as saying in Tamu Town, on Indian Border, recently. GIZ to assist Myanmar banks The German Agency for International Cooperation (GIZ) will assist three Myanmar private banks in terms small and medium-sized enterprises. Under the government to government aid program, GIZ will provide Bank. The aid program will run from March 2014 to September 2015. India, Myanmar, Thailand road project at feasibility stage A feasibility report is being prepared for the proposed highway to connect India with neighbouring Myanmar and Thailand, an Indian minister said. “Presently, projects are at feasibility-report stage,” Minister of State for Road, Transport and Highways, Sarvey Sathyanarayana, told the Indian parliament, Indian media reported. “India agreed to undertake upgradation of the KalewaYagyi section of trilateral highway and construction of 71 bridges in the Tamu-Kalea section,” Sathyanarayana said. Myanmar Summary vQyfppf"mwftm;udk vHkavmufpmaxmufyHhay;Edkif&efEsL;uvD;,m; G pGrf;tifoHk;vQyfppf"mwftm;ay;vkyfief;rsm;udkaqmif&Guf&efjynf axmifpkvTwfawmfjynfolUa&;&maumfrwDutpdk;&odkYwdkufwGef; ajymMum;cJhaMumif; od&onf/ urf;vGefa&eHESifhobm0"mwfaiGUvkyfuGufopfaygif; 30 wGifpGrf; tift&if;tjrpf&mazGrrsm;udk jyKvyEi&eftwGuwif'gtEdkif&&Sdol S I k f kd f f rsm;udk,ckvtwGif; xkwfjyefaMunmrnf[k pGrf;tif0efBuD; XmerS od&NyD; wif'gpdppfrIrsm;udk 100 &mcdkifEIef;eD;yg; aqmif&GufNyD;jzpfNyD; azazmf0g&DvwGif wif'gatmifjrifonfvkyfief;rsm;tm; xkwfjyefaMu h nmay;oGm;rnfjzpfaMumif; od&onf/ jrefrmhvO;D a& oef;ajcmufq,ftwGuf vdktyfaom aq;0g;yrmP l 90&mcdkifEIef;tm;wifoGif;oGm;&rnfjzpfaMumif;od&onf/ jrefrmEdkif iHaq;0g;xkwfvkyfrIu@wGifjynfy&if;ESD;jr§KyfESHolrsm;updwf0if pm;rIr&Sdao;aMumif; od&onf/ *syefEdkifiHtBuD;qHk;ukefoG,fa&;vkyfief;BuD;rsm;xJrwpfckjzpfonfh S rm½lbDeDaumfydka&;&Sif;onf jrefrmEdkifiH ü "mwk"mwfajrMoZmpuf½kH wnfaqmufrItygt0ifvkyfief;rsm;udkwdk;csJUaqmif&GufoGm;&eft wGuf pDpOfxm;aMumif; od&onf/
  3. 3. LOCAL BIZ 3 Myanmar Business Today mmbiztoday.com February 20-26, 2014 APR Energy Clinches Myanmar Power Contract recent installation of 130MW of new power generation in Indonesia, the Myanmar project is a tion we are seeing in the Asia Malaysia hub and Singapore bassador to Myanmar, said in a statement that doing business in an emerging market economy “does not come without its challenges, including the need to implement key economic reform policies, address infrastructure challenges, and make try’s economic potential.” APR Energy perience and commitment to principled and transparent approaches, will make a tangible An APR Energy project site in Peru. Sherpa Hossainy U S-based APR Energy has landed a contract to build a “fast-track” 100-megawatt power plant in upper Myanmar, becoming the a power generation agreement with the government since the lifting of sanctions in 2013. The facility will provide the Myanmar Electric Power Enterprise (MEPE) with a “guaran(MW) of power generation, with plant capacity to deliver up to 100MW,” APR Energy said in a statement. “The products we have are ideally suited to the needs of Myanmar’s power market. We plan to work with the ministry to provide solutions for further power needs within the country,” Clive Turton, APR Energy’s head of business deMyanmar Business Today in a phone interview. Based in Kyaukse in Mandalay region, the plant will be run by natural gas, supplied through the Chinese-built Shwe gas pipeline, which runs from Myanmar’s Rakhine state to China’s Yunan province. “The key deliverable of APR is ... to deliver gas power generators in a very short time. Myanmar is unique in that sense that it has indigenous gas that can be used for power generation,” Turton said. The company said the plant Myanmar Summary will be “one of the largest thermal plants in the country and will provide power to more than try where about 70 percent of the population has no access to electricity, according to the World Bank. The contract, which is on a rental basis, is due to start in the second quarter of 2014 and The power solutions provider said it won the contract due to its ability “to deliver to a very challenging timeframe, as well power generation technology.” “We are delighted to have won this contract, based on our ability to optimise the use of natural John Campion, APR Energy’s late 2015, Turton said, declining to mention how much investment APR will make to install the power plant. Turton said: “From APR’s point of view Myanmar is a key market. We are very keen to develop our businesses in the market and we will be looking forward to making a lot of investments in this country in this particular sector. “There’s a growing demand for more power in the country So, we are looking at more potential projects and we believe that our products are ideal to address the demand.” APR said its turnkey plant, featuring mobile gas power modules (GPMs), will be “one of the cleanest power generation solutions in Myanmar and vestment” in the infrastructure of the country. “APR Energy will provide a bridging solution for the medium term while the country develops its long-term power generation infrastructure,” the company said in a release. “This contract will create one of the biggest thermal plants in the country ... Together with our tar&dueftajcpdkuf APR Energy onf jrefrmEdkifiHtxufydkif;wGif 100 r*¾g0yfyrmP&Sd vQyfppf"mwftm;xkwf vkyEirnfh "mwftm;ay;puf½tm; wnf f kd f kH aqmuf&ef jrefrmtpdk;&ESifh vufrSwf a&;xdk;cJhonf[k od&onf/ 2013 ckEpwif jrefrmEdiitm; pD;yGm; S f G k f H a&;ydwqrrsm;udk z,f&m;rIrsm;&SvmcJNh y;D f Ykd I S d aemufyi;f pGr;f tifxwvyru@wGif kd k f k f I jrefrmtpdk;&ESifh yxrqHk; oabmwl vufrwa&;xd;k vmEdionfh tar&duef S f k f ukrÜPDwpfckjzpfvmaMumif; od&onf/ tqdyg"mwftm;ay;puf½wif tenf; k kH G qHk; 82 r*¾g0yfrS 100 r*¾g0yftxd "mwftm;xkwfvkyfoGm;Edkifrnf[k od& onf/ jrefrmEdkifiHpGrf;tifaps;uGuf vdktyfcsufrsm;twGuf rdrdwdkYwGif&Sdae aom xkwfukefrsm;rSm tqifajyoifh avsmfNyD; vQyfppfpGrf;tm;0efBuD;XmeESifh yl;aygif;í jrefrmEdiitwGi;f aemufxyf k f H pGrf;tifvdktyfcsufrsm;udk ajz&Sif;Edkif&ef BudK;yrf;oGm;rnf[k APR Energy rS tBu;D tuJwpfO;D jzpfol Clive Turton u Myanmar Business Today zke;f ESifhqufo,ar;jref;csuukd jyefvnf G f f ajzMum;cJhonf/ ,if;pDrHudef;onf rEÅav;wdkif;a'o BuD; ausmufqnfwGifwnf&Sdrnfjzpfum ,if;"mwftm;ay;puf½Hktm; obm0 "mwfaiGUudtoH;k jyKí vnfywfom;rnf k G [k od&onf/ tqdygpuf½twGuf vdtyf k kH k onfh obm0"mwfaiGUudk a&Tobm0 "mwfaiGUydkufvdkif;rSwpfqifh axmufyHh &,loGm;rnf[k od&onf/ a&T o bm0"mwf a iG U yd k u f v d k i f ; onf jrefrmEdkifiH &cdkifjynfe,frS w½kwfEdkifiH ,leefjynfe,fodkY oG,fqufay;xm; onfh obm0"mwfaiGUydkufvdkif;wpfck vnf ; jzpf o nf / jref r mEd k i f i H t aejzif h obm0"mwfaiGU&&SdrIwGif NydKifbufuif; EdiiwpfEiijH zpfNy;D ,if;obm0"mwfaiGU k f H kd f rsm;udk pGr;f tifxwvyrwif taumif; k f k f I G qHk;toHk;jyKEdkifaMumif; Turton u ajymMum;cJhonf/ ukrÜPDtaejzifh ,ckuJhodkY vkyfief; aqmif&Guf&eftwGuf oabmwlnDcsuf &&S d c Jh o nf h t wG uf vG e fpGm0rf; ajrmuf aMumif;ESifhobm0"mwfaiGUtm; taumif; qHk; tusKd;&SdpGmtoHk;jyKí pGrf;tifxkwf vkyfrIrsm;udk jyKvkyfoGm;rnfjzpfaMumif; vnf; od&onf/ Myanmar Uses Int’l Gold Standard for The First Time Feng Xin M nounced last week that use international measurement standards to issue gold bars, adding that the change will further open their country’s gold market to the outside world. Myanmar will start selling gold with 99.99 percent purity in the international unit, gram, instead of local unit "tical". Myanmar is awash in a variety of minerals but has kept itself relatively closed to the global gold market as it was using diffying standards as well as local measurement units. The coun- try also restricted how much gold foreigners could buy. “Only after people in Myanmar become familiar with and understand such a standard, can the gold produced in Myanmar be sold in the international market. After a period of promotion, more than 60 million Myanmar people will be able to use the standard, and then we can adapt and enter the international market,” said U Khin Maung Han of Myanmar Federation of Mining Association. ban on selected minerals such as gold won’t happen in just one day, though. A 1994 law reContd. P 24... Myanmar Summary jrefrmEdiitaejzifh yxrOD;qH;k tBurf k f H d tjzpf a&Tacsmif;rsm;udk tjynfjynfqi&m kd f pHcse;f pHne;f rsm;ESitnD xkwvyom;rnf d T hf f k f G jzpfaMumif;od&onf/ ,if;odjYk yKvy&jcif; k f rSm jrefrmha&Taps;uGutm; tjynfjynf f qdi&ma&Taps;uGuEihf &ifabmifwef;vm k f f S Edi&ef&nf&,aMumif;od&onf/ k f G f jrefrmEdiionf ,cifu 99.99 &m k f H cdiEe;f oefpifNy;D a&Gacsmif;rsm;uda&mif; k f I Y T k 0,f&mwGif a&G;yJpepfjzifa&mif;0,frjI yK h vkycaomfvnf; ,cktcsewif EdiiH f hJ d f G k f wumpHcsepne;f rsm;twdi;f d f H T k *&rfjzifh wdkif;wmcsdefwG,frIrsm;jyKvkyfoGm;rnf[k od&onf/ Contd. P 24...
  4. 4. 4 Myanmar Business Today LOCAL BIZ February 20-26, 2014 mmbiztoday.com Myanmar’s Border Trade Hits $4b in 10 Months Aye Myat M Myanmar Summary yanmar’s border trade hit $4.01 billion in Myanmar’s border trade is done through 14 points with four neighbouring countries – China, Thailand, Bangladesh and India. Myanmar’s largest border trade point with China, Muse, accounted for $3.12 billion during the same period, accounting for more than 77 percent of the total border trade volume. Lewjie, Chin Shwe Haw and Kanbiketee stand are the other trade points with China, while Tachileik, Myawady, Kawthaung, Myeik, Nabule, Htikhee and Mawtaung are with Thailand, Sittway and Maungtaw are with Bangladesh and Tamu and Reed border points are Files (April-January) in the current A Thai-Myanmar border checkpoint. with India. According to official statistics, as of September 2013, Myanmar’s foreign trade totalled $15.27 billion, of which and import accounted for 2013-2014 b@ma&;ESpf yxr 10vwmumvtwGif; jrefrmEdkifiH e,fpyfukefoG,fa&;rSm tar&duefa': vm 4. bDvD,Htxd a&muf&SdcJh 01 aMumif; w&m;0if t csuf t vuf r sm; t& od&onf/ jrefrmEdii e,fpyfueo,a&;tm; k f H k f G f tdrfeD;csif;EdkifiH 4 EdkifiHjzpfonfh w½kwf? xdkif;? b*Fvm;a'h&SfESifh tdEd´,EdkifiHrsm; ESifh e,fpyfukefoG,fa&;*dwf 14 ckrS ukefoG,frIjyKvkyfcJhjcif;jzpfonf/ w½kwf EdkifiHESifh e,fpyfukefoG,frIjyKvkyfcJhaom tBu;D qHk;ukeo,a&;*dwrm f G f f S rlq,f jzpfNy;D tqdygumvtwGi;f tar&duef k a':vm 3.12 bDvD,Htxd ukefoG,frI jyKEdkifcJhum pkpkaygif;ukefoG,frIyrmP 77 &mcdiEe;f ausmukd tqdyge,fpyf k f I f k ukeo,a&;*dw ukeo,rrsm;rS wpf f G f f f G f I qifh&&S dcJhjcif;jzpfonf/ w&m;0ifpm&if; tif;tcsuftvufrsm;t& jrefrmEdkifiH EdiijH cm;ukeo,ryrmPonf tar k f f G f I &duefa':vm 15.27 bDvD,Htxd&Sd onf/ Gas Pipeline Has No Environmental Htet Aung T here would be no environmental impacts of the natural gas pipelines in Myanmar, a high ranking en- jrefrmEdkifiHwGif obm0"mwfaiGUydkuf vdi;f rsm;aMumifh obm0ywf0ef;usiqi&m k f kd f oufa&mufrrsm; r&SEiaMumif; pGr;f tif I d kd f 0efBuD;XmerS tqifhjrifht&m&SdwpfOD;u Shwe Gas Aung Htoo made the remarks at the ongoing session of the parliament’s Lower House in Nay Pyi Taw recently in response to a question about public safety concern over possible leak of the natural gas pipelines laid in the country. “Supervisory control and data stalled to tackle the possible leak problem as quick as possible,” he told the parliament. With foreign investment, several natural gas pipelines has been laid and are being laid in Myanmar including MyanmarThai and Myanmar-China gas pipelines as well as domestic ones. Myanmar Summary ajymcJhonf/ obm0"mwfaiGUydkufvdkif;rsm;aMumifh jzpfvmEkdifonfh xdcdkufrIrsm;? "mwfaiGU ,dkpdrfhrIrsm;aMumifh trsm;jynfolrsm; vHkNcHKpdwfcs&rIESifhywfoufí pdk;&drfzG,f &mrsm;jzpfvmEdioavm[lonfh ar;cGe;f k f tm; pGrf;tif0efBuD;Xme 'kwd,0efBuD; OD;atmifx;l u vTwawmftpnf;ta0; f wGif txufygtwdi;f ajymMum;cJjh cif;jzpf k onf/ tu,fí "mwfaiG,dkpdrfhrIrsm;jzpfay: ygu tjrefqHk;umuG,faqmif&Guf&ef twGuf Supervisory control and data acquisition (SCADA) tm; wyfqif xm;NyD;jzpfaMumif; od&onf/ People protest against the Chinese gas pipeline in Myanmar.
  5. 5. LOCAL BIZ 5 Myanmar Business Today mmbiztoday.com February 20-26, 2014 Building Trust: Redemption for China’s Wanbao Mining compensation. “With increased compensation, I think there’s a greater possibility that villagers will take it,” he said. The company and the - Soe Zeya Tun/Reuters the livelihood of villagers, Hla Tun said. “Before Wanbao’s donation, villagers had neither water nor electricity, but now the company and the government have helped fund power and water Myanmar pro-democracy Leader Aung San Suu Kyi comforts a woman at a village in Sarlingyi township. People whose land was seized to allow the expansion of the copper mine in northwestern Myanmar prompted protests that were crushed by police last year. Wang Xinyuan T hrough a combination of land compensation and corporate social responsibility activities, the operator of one of China’s largest investments in Myanmar hopes to recommence operations after a year’s delays and wrangling. at the Yangon branch of Wanbao Mining, the Chinese State-owned company that operates the Letpadaung copper mine, wrote in an e-mail to the Global Times that the subsidies ranging from K300,000 to 1.2 million ($300-$1,200) for an acre of land to farmers who make way for the project, based on the instructions of the Myanmar government. This is the company’s With joint investment from Wanbao’s partner the Myanmar militarybacked Union of Myanmar Economic Holdings Ltd (UMEHL), the project requires relocating 442 households from four villages with land compensation for residents of 26 villages. Wanbao Mining has previously assisted in relocating people to new villages, rebuilt a monastery and roads, funded a hospital and four kindergartens. Boasting international standards of environmental protection, 2,000 jobs to villagers. ers K550,000 ($550) in 2011 for an acre of land, and paid additional subsidies between K700,000 and 1.25 million for an acre in June 2013. About 40 percent of villagers refused compensation, the company said. “Even though the project has resumed, we have no way to proceed due to the land issue,” said Zhuang Yongquan, an engineer at Myanmar Wanbao Mining Copper, standing atop a red rock mountain and pointing across plains dotted with trees and farmland. With an annual capacity of 100,000 tonnes of cathode copper on a planned square kilometres), the mine is located in the Monywa copper mining area of northern Myanmar’s Sagaing region, about three hours’ drive west of Mandalay, the country’s second-largest city. U Hla Tun, minister who also chairs the implementation committee working for the government’s Letpadaung investigation commission, told the Global Times that the committee had raised and villagers really appreciate it,” he said. “I feel that the villagers will trust us more as time passes. We believe strengthened communication will make the situation better over a period of time.” Social responsibility The former Myanmar military junta approved the Letpadaung project in 2010, with a total investment of $1.07 billion. Myanmar then began making its transition from military rule to a quasi-civilian democracy led by President Thein March 2011. In November 2012 the project was halted by demonstrations of villagers supported by activists and some opposition parties, protesting inadequate compensation and potential environmental damage. Contd. P 12... Myanmar Summary ajr,mavsmaMu;rsm;ESifh vra&; f l I qdi&mvkyief;rsm; jyKvyay;jcif; k f f k f jzifh jrefrmEdiiwif w½kwEii k f H G f kd f H tBuD; rm;qHk; &if ; ESD ; jr§K yf E SH rI rsm; teufrS &if;ESD;jr§KyfESHrIolwpfOD; jzpfonfh 0rf a ygif u k r Ü PDonf vufyHawmif;awmifaMu;eDpDrH ude;f tm; jyefvnfaqmif&uEif G f kd &ef arQmfvifhxm;aMumif; od& onf/ 0rfaygifurP refae*smjzpf k Ü D ol Dong Yunfei u Global Times owif;pmodkY ay;ydkYaom tD;ar;vfwif 0rfaygifurPtae G kÜ D jzifh pDrue;f aMumifh ajr,mqHk;½HI; H d rnfh v,form;rsm;twGuf 1 {u vQif usyfaiG 3 odef;rS 12 odef; (tar&duefa':vm 300 rS tar&duefa':vm 1200) txd Contd. P 12...
  6. 6. LOCAL BIZ 6 February 20-26, 2014 Myanmar Business Today mmbiztoday.com Aye Myat met Parliament and Lower House Speaker U Shwe Mann and opposition leader and Chairperson of National League for lion). The rest planned to offer life and general insurance, which requires total capital of K46 billion ($53 million). “We studied the market for a long time in preparation for the ASEAN Economic Community, which is due to begin in late 2015. And now the time is ripe to make the big move. Thanks to reforms and abundant natural resources, the country has become the darling of foreign investors. The country is also forging ahead with several large-scale projects,” said CEO and president Sara Lamsam. She said the company is well prepared to start a T hailand-based Muang Thai Life Assurance Plc besurer to win a permit to set up a representative boasts a large population and a booming economy. Myanmar authorities granted the company a permit last month, makinsurer to set foot in the country. more than 50 years, the state-owned Myanma Insurance and the Insurance Business Supervisory Board (IBSB) has given insurance companies conditional approval to start operating in the country. Twelve companies met the criteria set by the IBSB and Myanma Insurance. Before the military government nationalised many businesses in 1963, 70 local and foreign insurance companies had been operating in the country. Only the governmentowned Myanma Insurance Enterprise has since remained in business. Of the 12 approved companies, three plan to offer life insurance, which requires paid-up capital of K6 billion ($6.09 mil- Myanmar either through a joint venture with a loonce it is allowed. “We will prepare our infrastructure and build our brand in Myanmar and we will study other neighbouring countries, because we believe life insurance will prosper from the coming of the AEC.” Myanmar is accelerating several infrastructure airline and for the development of Myanmar’s aviation industry.” bassador to Myanmar, reportedly described the agreement as the “largest commercial sale” by a US company to Myanmar in Than Tun, Myanma Air“Our collaboration with a leading multinational US company like GE will economy of Myanmar.” onf vl O D ; a&wd k ; wuf v mNyD ; pD;yGm;a&;zGHUNzdK;vmaom jrefrm EdkifiHwGif udk,fpm;vS,f½Hk;cGJwnf axmifcGifh&&SdcJhonfh yxrOD;qHk; xdkif;tmrcHvkyfief;wpfckjzpfvm cJhonf/ jrefrmEdkifiHrS wm0ef&Sdolrsm;u tqdygukrPtm; ud,pm;vS,f k Ü D k f ½H k ; cG J w nf a xmif E d k i f & ef t wG u f cG i f h j yKcsuf c say;cJ h j cif ; jzpf N yD ; jrefrmEdiiwi;f 5 ckajrmuf EdiiH k f H G k f jcm;tmrcHvyief;wpfcvnf;jzpf k f k vmcJhonf/ ESpfaygif; 50 ausmf twGif;yxrOD;qHk;tBudrftjzpf EdkifiHydkif jrefrmhtmrcHESifh tmrcH vk y f i ef ; BuD ; Muyf a &;bk w f t zG J U (IBSB) rS tmrcHukrÜPDrsm; tm; jrefrmEdkifiHwGif vkyfief;rsm; aqmif&GufEdkif&e f cGifhjyKcsufrsm; ay;cJhjcif;yifjzpfonf/ ukrÜPD 12 ckonf IBSB ESifh jrefrmhtmrcHvkyfief;rS owf rSwfxm;onfhpHEIef;rsm;ESifhudkuf nDcJhaMumif; od&onf/ ppftpdk;& u pD;yGm;a&;vkyief;rsm;udk 1963 f ckESpfwGif EdkifiHydkifrjyKvkyfrDu jynfwGif;tmrcHukrÜPDESifh EdkifiH jcm;tmrcHurPrsm;onf jrefrm k Ü D EdkifiHwGif tmrcHvkyfief;rsm;udk aqmif&ucMhJ uaomfvnf; pD;yGm; G f a&;vkyief;rsm;tm; Ediiyijf yKvyf f k f H kd k cJho nfht csd e f r S p í tpd k ; &yd k i f jrefrmhtmrcHvkyfief;wpfckwnf; om usef&SdcJhaMumif;vnf; od& onf/ vkyfief;aqmif&Guf&eftwnf jyKay;cJhaom ukrÜPD 12 ckwGif ukrÜPD 3 ckrSm touftmrcH vkyief;tm; aqmif&u&ef pDpOf f G f xm;aMumif;od&onf/ decades. “It is an important moment for both our countries and I assume it will be ments among American businesses and Myanmar.” Mitchell has been a strong supporter of GE’s Myanmar market. In addition, GECAS’ AviaSolutions consulting business has signed a memorandum of understanding with the airline and will work with its senior management to develop a projects apart from the port and industrial estate. They include oil and natural gas pipelines linking Myanmar’s port of Kyaukphyu (Sittwe) in the Bay of Bengal with Kunming in China’s Yunnan province, the Thilawa Special Economic Zone, and the planned highway project linking the country with India and China. Besides Myanmar, Muang Thai Life is conducting a feasibility study to invest in other ASEAN countries such as Laos, Vietnam, Cambodia, Indonesia and the Philippines. Myanmar Summary xdkif;EdkifiHtajcpdkuf touf tmrcHvyief;jzpfonfh Muang k f Thai Life Insurance Plc Myanma Airways currently connects major local destinations in Myanmar using 12 aircraft. GECAS currently leases two Embraer E190 aircraft to MA. The airline last year, compared with 230,000 in 2010. MA currently operates the smaller Beechcraft and Cessna plans, as well debt during the socialist regime of the late General Ne Win from 1962 under the military junta Last year, Japan agreed to provide a bridge loan to Myanmar to cover outstanding debt to the World Bank and the totalling about $900 million. Norway cancelled all the $534 million owed to it, while Japan cancelled more than $3 billion, adding up to $6 billion, more than 60 percent of the total debt, the government said. Following his meeting with U Thein Sein, Gauck strategic growth plan for the airline with a focus on route and network development. over 1,620 owned and serviced aircraft with over 230 airlines. After years of isolation, Myanmar is seen as one of the last frontiers for aviation in Asia, with passenger numbers surging as new airlines spring up and foreign carriers rush in. However, there are concerns about the lack of infrastructure and the safety record. Myanma Airways grounded its three Chi- David Ryder/Reuters ATR turboprops. “We are pleased at GE to work with Myanma Airways to provide new, state-of-the-art Boeing aircraft,” said Norman CT Liu, president and CEO of GECAS. “This is an important milestone for the the Paris Club, and Gauck said Germany could go ahead with its part of the deal after meeting President Thein Sein. “A sustainable agreement has been reached allowing Germany to forgive half a billion euro of debt,” Gauck said in a speech at the University of Yangon. Myanmar’s government said it had met the Paris Club on Januasry 25, and member countries had agreed to cancel half of the arrears Myanmar owed them in two stages, rescheduling the rest over 15 years, with seven years’ grace. Myanmar accumulated A Boeing 737 jetliner is pictured during a tour of the Boeing 737 assembly plant in Renton, Washington. in 2012 after two of the turboprop aircraft suffered accidents on landing within a month. Japan’s biggest airline All Nippon Airways last year bought a 49 percent stake in Myanmar’s Asian Wings Airways. Aung San Suu Kyi. He also inaugurated the Goethe Institute on February 11 in Yangon. y,fzsua&;oabmwlncsutm; f D f jrefrmEdkifiHNrdKUawmf aejynf awmfwGif azazmf0g&Dv 10 &uf aeYwGif *smrPDor®w Joachim Gauck u vufrSwfa&;xdk; ay;cJjh cif;jzpfonf/26 ESptwGi;f f jrefrmEdiio* smrPDEiirtBuD; k f H Ykd kd f H S tuJwpfOD; yxrOD;qHk;tBudrf a&muf&Sdvmjcif;jzpfonf/ jrefrm Ediiu ay;acs&rnfh ,l½kd 1. k f H 084 bD v D ,H (tar&d u ef a ':vm 1.48 bDvD,H) wGif usef&Sdonfh ,l½dk 542 rDvD,H (tar&duef a':vm 741 rDvD,H) tm; twd;k EIe;f 3 &mcdiEe;f jzifh 15 ESpf k f I wmumvtwGi;f jyefvnfay;qyf &rnfjzpfaMumif; tqdygoabm k wlnDc suft& od&onf/ *smrPDEdkifiHrS a<u;NrD ,l½dk bDvD,H0uftm; y,fzsufay;&ef twGuoabmwlncsuukd aqmif f D f &GuEifcJhaMumif; Gauck u f kd &ef u k e f w uú o d k v f w G i f r d e f Y c G e f ; ajymMum;cJhonf/ jref r mtpd k ; & taejzifhZefe0g&Dv25&ufaeY wGif Paris Club ESifhawGUqHkcJhNyD; tzGJU0ifEdkifiHr sm;taejzif ha<u;NrD xuf0uftm;y,fzsufay;&eft wGufoabmwlnDrI&&SdcJhNyD;usef &Sdonfha<u;NrDyrmPtm;15ESpf twG i f ; jyef v nf a y;qyf & rnf jzpfaMumif; od&onf/ oef; 90 eD;yg;&SdaeaMumif; od& onf/ jrefrmhavaMumif;vdi;f taejzifh k GECAS ESifhyl;aygif;í av,mOf ajy;qGJysoef;rsm;rIuk d tqif hjriwif H § fh wdk;wufvmap&ef pDpOfom;rnf G jzpfNy;D a'owGif; t"duavaMumif; aps;uGursm;wGif av,mOfajy;qGJ f ysHoef;rIrsm;udk wdk;csJUaqmif&Guf oGm;rnfjzpfaMumif; jrefrmhav aMumif;vdkif;rS wm0ef&SdolwpfOD; u ajymMum;cJhonf/ 1993 ckESpfrSpí tjynfjynf qdi&mavaMumif;0efaqmifrrsm; k f I udk &yfqdkif;xm;cJh&aom jrefrmh avaMumif;taejzifh GECAS taxmuftyHhaumif;rsm;jzifh ,cktcg tjynfjynfqdkif&maps; uGuoYkd jyefvnfa&muf&Svmawmh f d rnfjzpfaMumif;tjynfjynfqdkif&m c&D;onfrsm;twGuf jrefrmhav aMumif; onf emrnfausmfMum; aomavaMumif;vdkif;wpfckjzpf vmEdkif&efarQmvifxm;onf[ydk Y f h k aqmifqufo,a&;0efBuD;OD;ÓPf G f xGe;f atmif u ajymMum;cJhonf/
  7. 7. LOCAL BIZ 7 Myanmar Business Today February 20-26, 2014 mmbiztoday.com German Industry and Commerce Delegation Launches in Myanmar minister for the PresiZypries said she will “personally push for an investment protection deal between the European Union and Myanmar” in a bid to attract more foreign investors to the formerly-reclusive Southing the legal framework and forming strong unions are necessary for Myanmar’s economic development, she added. later issued a joint stateKyaw Min willingness to intensify dialogue and cooperation through further business forums and targeted platforms for business to gon. Kyaw Min T German Industry and Commerce has launched its operation in Myanmar in a bid to boost business and bilateral ties between the two countries. funded by the Association of German Chambers of Commerce and Industry Ministry of Economic ment. The German Federal President Joachim Gauck on February 11 inaugugether with Win Aung, president of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), and Ludwig Georg Braun, honorary president of “Myanmar is in a process of catching up,” said Braun. “In order to stand its ground in regional competition broad activiconcepts for productive value chains will be key. neurial infrastructure is essential in this respect. German companies can make a very valuable contribution here.” He said Germany is the most important supplying country from within the European Union, but while there is room for development in bilateral trade and investment activities, he sees “huge potential for bilateral business relations” and encouraged taking a longterm perspective. “German products and technologies traditionally enjoy high esteem in Myanmar. And I can see that our approach based on partnership and patience is much appreciated as well,” Braun said. He said further development of the Myanmar private sector would be another “worthwhile topic” for bilateral dialogue. “The whole of Asia enductive SME structures. Their success relies on the close cooperation with the big multinational corporations and a consequent focus on competition based free enterprise system. In Myanmar as well this concept might be a good basis for sustainable development.” Monika Staerk, who has been following developments in Myanmar and supported German business activities since 2003, will head the German Chamber operation Industry and Commerce. The launching took place during a bilateral a business forum with more than 150 German business representatives attending in the UMFCCI headquarters. “German businesses want to support and participate in economic growth potentials, based on Myanmar’s geostrategic position and its wealth in natural resources. For these potentials to deploy, infrastructure and energy supply will need to be developed further with German business being in a good position to make sustainable contrisaid in a statement. The forum was also attended by Brigitte Zypries, state secretary, Federal Ministry for Ecoand U Soe Thein, union The statement said that both sides will continue to “jointly work on promoting and further developing the spirit of partnership and trust, aiming at Both sides were aware that promoting foreign direct investment will be a key for economic development and social stability in Myanmar, the statement said, adding that development of infrastructure and power supply will be a prerequisite for this. Myanmar Summary *sm rPD p uf r I v uf r I E S i f h uk e f oG,fa&;udk,fpm;vS,ftzGJUonf jrefrmEdkifiHwGif &if;ESD;jr§KyfESHrIr sm; jyKvyf &efESifhESpfEdkifiHtMum;pD; k yG m ;a&;ESif h qufqHa&;wdk;wuf vmap&eftwGufBudK;pm;aeonf [k od&onf/ ESpfEdkifiH yl;aygif;wnfaxmif rnftqdygtoif;½H;k cef;tm; *smr h k PDueo,a&;ESipufrvufrt k f G f fh I I oif;BuD;ESif h *smrefpD;yGm;a&;&m ESifhpr;f tif0efBu;D XmewdYkrS yl;aygif; G axmufyrnfjzpfaMumif; tqdyg hH k udk,fpm;vS,ftoif;rSajymMum; cJhonf/ udk,fpm;vS,ftoif;ESifh twl *smrPDor®w Joachim Gauck onf azazmf0g&Dv 11 &ufaeYwGif jynfaxmifpkor®w jrefrmEdiiueonfrsm;ESihf pufrI k f H k f vufrIvkyfief;&Sifrsm;toif;csKyf Ouú|jzpfol OD;0if;atmif ? DIHK Ouú| Ludwig Georg Braun wdkYESifh awGUqHkcJh aMumif; od&onf/ jrefrmEdkifiHtaejzifh zGHUNzdK;wdk; wufrvrf;aMumif;ay:odYk a&muf&dS I aecseü a'owGi;f ,SONf yKd irwif df f I G tcditrm&yfwnfEi&ef t&nf k f kd f taoG;ydi;f qdi&mrsm; ydrwk;d wuf k k f k kd &ef vdktyfNyD; ukefacsmtqifh jr§ifhwifrIaqmif&GufEdkifrItcsuf rsm;onf t"duvdktyfcsufjzpf vmrnfjzpfonf/ pGefYOD;wDxGifrI vkyfief;qdkif&mtajccHtaqmuf ttHkrsm; zGHUNzdK;wdk;wuf&ef trSef wu,fvtyfaeNyD; *smrefurPD kd k Ü rsm;taejzif h jref r mEdkif iH w G i f taumif;qHk;taxmuftyhHay; Edkifvdrfhrnf[kvnf; DIHK Ouú|u ajymMum;cJhonf/ tD;,lEdkifiHrsm;wGif*smrPDEdkifiH onf jrefrmEdiitwGutaxmuf k f H f tyHhay;aeonfh ta&;tygqHk; Ediiwpfcjk zpfNy;D ESpEiiueo,f k f H f kd f H k f G rIzUHG NzKd ;wd;k wufa&;ESifh &if;ES;D jrK§ yEHS f rIaqmif&Gufcsufrsm;wGif tcGifh tvrf ; aumif ; rsm ;&Sd a eojzif h a&&SnftusdK;jzpfxGef;rIudk a&S;½I íaqmif&uom;&rnfjzpfaMumif; G f G
  8. 8. LOCAL BIZ 8 Myanmar Business Today mmbiztoday.com February 20-26, 2014 India Needs to Pay Close Attention to Myanmar Trade Rupak De Chowdhuri/Reuters ed to connect it to Aizwal, the capital. It is imperative that no time is lost in calling for tenders to build this. No purpose will be really achieved if there is no road communication, of international standard, to transport the goods either way. Many of the Myanmar highways have been built by the Chinese. Myanmar, Bangladesh and Sri Lanka are important and close friends for India, who have to be handled with care. There can be great trade among all the three. As India now discusses the issues with Myanmar, which has bridge at the border town of Moreh, in the northeastern Indian state of Manipur. AK Ramdas M yanmar and India are neighbours, and have a 1,640 kilometre long border with Myanmar along with India’s eastern states, with Mizoram being the closest to them. As against this, Pakistan der. India’s relations with Myanmar have had their ups and downs and presently, the atmosphere is improving, thankfully, for the better. China, on the other hand, is fully entrenched in Myanmar, and has booming trade relations with them. India need to make its presence felt in as many areas as possible, and its current trade with Myanmar be increased. In the recent times, not long Myanmar closed its land border at International Gate Nos I & II with India and there was an organised rally where local people claimed that India was not honouring its international boundary. As usual, it had to be handled with care by the Union Home Minister. India’s trade and related project developments in Myanmar have been slow but this could have been increased manifold, if only the Indian government had regularly sponsored trade delegations and had held India international trade fairs in that country. Indians would rather take a holiday to other parts in the near east, but shudder to think of Yangon to visit. Trade development can take place when India has regular ships sailing between the two countries. At present, only when there are ship loads available, gon. Myanmar has three ports TEUs (twenty feet equivalent units) annually. But India doesn’t have a regular container vessel to carry its cargo. pears now, that the Shipping Corporation of India (SCI), a government undertaking, has volunteered to make available a vessel that can carry 1500 TEUs provided the Union government can give them a subsidy nually! If there are regular sailings, there is no doubt that this can increase to 36,000 TEUs over a period of time. Shipping Corp’s container vessel, if made available, under this condition, can cover Chennai, Yangoon and Colombo; and if there is adequate cargo, they can berth at Krishnapatnam also. The point at stake is, should the government accede to their demand and give them an annual subsidy of Rs30 crore? SCI has made this demand, as they are already a loss making concern, and if regular cargo was not available to the above ports, their loss will only mount. India’s stake in Myanmar is too important and large; the government must not dilly-dally willingness to subsidise the sailings to Yangon and back. In fact, they could include other ports such as Sittwe also, which has no objection. Right now, Essar Projects Ltd, a construction contractor from cum-inland waterway” and is building the Sittwe port and a jetty at Paletwa, besides being of the river Kaladan, between these two points, to make it more navigable than it is today. Essar hopes to complete this project by June this year, and sels. What’s important to note is that from the jetty at Paletwa, Mizoram border is only 109.2kms away, though another 250km highway would be need- it must move seriously in public relations campaigns in all the three countries; and promote trade by conducting fairs that can display products and services. India must remember that China is breathing down its neck in Myanmar, all because it has so far neglected to take serious interest in this country. AK Ramdas has worked with the Engineering Export Promotion Council of India’s Ministry of Commerce. He was also associated with various committees of the Council. His international career took him to places like Beirut, Kuwait and Dubai at a time when these were small trading outposts; and later to the US. Myanmar Summary jrefrmEdiiEifh tE,Ediiwonf tdre;D k f H S d ´d k f H Ykd f csi;f Ediirsm;jzpfNy;D tdE, ta&S Uydi;f k f H ´d k jynfe,frsm;ESihf e,ferwcsi;f xdpyfrrm d d f I S 1640 uDvdkrDwmtxd &Snfvsm;onf/ jrefrmEdkifiHESifh tdEd´,EdkifiHwdkY qufqH a&;rSm twuftus&ScJNh y;D ,cktcsewif d df G quf q H a &;ydkrdkaumif ; rGef vmcJ h o nf / tjcm;wpfzufwGif w½kwfEdkifiHtaejzifh jrefrmEdiiwif &if;ES;D jrK§ yErEif h ukeo,f k f H G f HS I S f G rI tjynft0tcditrm&SaeNyD; ukeo,f h k f d f G rIrSmvnf; ydkrdkwdk;wufvmcJhonf/ tdE,Ediitaejzifvnf; jrefrmEdiiH ´d k f H h k f wGif &yfwnfrItm; ydkrdkcdkifrmvmap&ef BudK;yrf;aqmif&uom;rnfh tvm;tvm G f G &Saeonf/ ,ckvuf&Sd jrefrmEdiiEifh ukef d k f H S oG,frIrSm tar&duefa':vm 1. 87 bDvD,Htxd&SdaeNyD; rMumrDtcsefwGif d xyfrHwkd;wufvmEdkifz,f&SdaMumif; od& G onf/ jrefrmEdiiwif tdE,Edii ukeo,rI kfH G ´d k f H f G f ESifh &if;ESD;jr§KyfESHrIzGHUNzdK;wdk;wufrIrsm;rSm aES;auG;aeaomfvnf; tdE,tpd;k &tae ´d jzifh ukeo,ru,pm;vS,tzGUJ rsm;ESihf f G f I kd f f tjynfjynfqdkif&m ukefoG,frItpDtpOf rsm;tm; jyKvycrnfqvQif wd;k wufvm k f hJ kd Edkifonfhtvm;tvmrsm;&Sdaeonf/ tdEd´,taejzifh ESpfEdkifiHtMum; a& aMumif;qufoG,frIr sm;yHkrSef&Sdvmygu ukefoG,frIzGHUNzdK;wdk;wufvmEdkifonf/ ,ckvuf&tcsewif a&aMumif;ukeo,f dS d f G f G rIu@ü ukefpnfrsm;jynfhrDrSom ydkYukef wifyowpfO;D taejzif h &efueokYd ukepnf Ykd l kf f wifydkYEdkifaMumif; od&onf/ jrefrmEdkifiHwGif qdyfurf;oHk;ck&SdaeNyD; tdE,taejzifh ukepnfrsm;tm; o,f,l ´d f &ef yHkrSefajy;qGJEdkifonfh uGefwdefem oabFmBu;D rsm;r&Sao;aMumif;vnf; od& d onf/ ,cktcg Shipping Corporation of India (SCI) u uketav;csef 1500 f d TEUs txd o,faqmifEirnfh oabFm kd f wpfpif;ukd pDpOfcJhNyD; yHkrSefa&aMumif; ajy;qGJrIr sm;&SdvmcJhygu ukeful;oef; a&mif;0,fEdkifrIydkrdkwdk;wufvmrnfrSm aocsmaeNyDjzpfonf/ Myanmar: Transactions After The Log Export Ban Htet Aung M ban is set to begin immediately as the 2014- will be midnight on the March 31. It is understood that at this time all loading of logs bound Myanmar Timber Enterprise (MTE) issued a statement on cedures recently. ment for log shipments must be of vessels must be concluded before March 31, the statement said. Buyers having outstanding balances on purchase contracts may conclude purchases at contracted FOB prices provided the logs are processed inside the country. In this case payments are to be made in full before June 30. From July 1, all remaining unisting contracts will become the property of the MTE and sold by open tender, MTE said. The Enterprise said after March 31 industrial raw logs will be sold by open tender to sawmills and factories operating under Myanmar Investment Contd. P 24... Myanmar Summary 2014-2015 b@ma&;ESprpwifNy;D f S jynfyodYk opftvH;k vduwifyrrsm;udk k f Ykd I &yfqi;f oGm;rnf[k jrefrmhopfvyief;rS kd k f xkwjf yefaMunmcJonf/ h opftvH;k vduf wifyrrsm;tm; &yfqi;f k Ykd I kd rI rjyKvycif opftvH;k tvduwifyrI k f k f Ykd rsm;twGuf aiGay;acsrrsm;udk azazmf0g&D I v 28 &ufaeYwiaemufq;kH jyKvyom; G f k f G &rnfjzpfNy;D rwfv 31 &ufaeYrwdirD k f opfv;kH rsm;udk tNy;D owf wif&rnfjzpf aMumif;vnf;od&onf/ Zlviv 1 &ufaeYrwdicif tNy;D owf kd f k f raqmif&uEiygu rwify&ao;aom G f kd f Ykd Contd. P 24...
  9. 9. LOCAL BIZ 9 Myanmar Business Today February 20-26, 2014 mmbiztoday.com Myanmar Smugglers Get Rich on Yingluck’s £13 Billion Rice Subsidies A populist subsidy on rice by Thailand’s ruling party is enabling smugglers from neighbouring Myanmar to make a quick buck at the expense of Thai taxpayers David Eimer Myanmar Summary F or the rice smugglers of Myawaddy, business has never been better. A scrappy, dusty Burmese border town, Myawaddy has long been notorious as an illicit trading hub for drugs, guns and precious gems. Now, Myawaddy has become a more nutritious but scarcely smugglers take advantage of the substantially higher grain Nir Elias/Reuters Thailand. In Myawaddy, 50 kilos of rice sells for £16. But in Thailand, the same amount is worth £30, a consequence of the ruling Pheu Thai Party’s controversial subsidies to the rice farmers who make up much of its support base. Known as the “rice-pledging scheme”, the populist policy has cost the government more than £13 billion, prompting the IMF to warn that the scheme is undermining the economy. But the rice subsidies are also a huge source of anger among the largely middle-class anti-government protesters who have taken to the streets of Bangkok to try and topple Prime Minister Yingluck Shinawatra and her Pheu Thai party from power. They allege that not only has dered to buy votes for Pheu Thai, but that millions has disappeared into the pockets of the ing the scheme. Last month, Thailand’s National Anti-Corruption Commission (NACC) announced a probe into the rice-pledging policy, only adding to the pressure Yingluck is under. The prime minister was forced to call a snap election that took place on February 2 Workers at the Udon Permsin rice mill pile up sacks full of rice to for storage in the northeast province of Udon Thani, Thailand. – which was boycotted and labelled as illegitimate by the opposition – in a failed attempt to end the political crisis gripping Thailand. Results are yet to be announced. Yingluck’s role as head of the national rice committee means she could face criminal charges arising from the NACC’s investigation. The commission is ready to charge 15 other people, including a former commerce minister, with corruption linked to the rice programme, spokesman Vicha Mahakun told a news conference. This month, China ditched a huge rice deal to buy 1.2 million tonnes of rice from Thailand, tainty over its agricultural sector. While the subsidies have played a major part in causing the policy has resulted in huge gains. Boats loaded with what the smugglers coyly describe as “chicken feed” travel daily across the narrow stretch of the Moei River that separates Myawaddy in Burma from the neighbouring Thai town of Mae Sot. On the outskirts of Myawaddy, The Telegraph watched as lorries pulled into a compound close to the river bank guarded by Burmese soldiers. Sacks of rice were swiftly unloaded and transferred to waiting boats. “We started sending ‘chicken feed’ to Thailand in big quantities a couple of years ago,” said diers. “It’s transported mostly at night. Generally, we’ll send 100 sacks at a time. “Each sack is 50 kilos.” Some enterprising individuals sling sacks of rice on their backs and simply wade across the Moei River. It is the equivalent of smuggling tea into China, or opium to Afghanistan, because until 2012 Thailand was the world’s That began to change following the government’s decision in October 2011 to pay almost double the market price for rice to farmers. The policy was conceived as a reward for the rural voters who make up much of the ruling party’s power base. But it was also a highly ambitious attempt to corner the global market in rice, with the government gambling on stockpiling vast amounts of grain it The scheme, though, has infashion. A worldwide slump in rice prices means that the government has spent almost £13.5 billion buying rice it is unable tons – of unsold grain, nearly as much as the country produces in a year. Meanwhile India and Vietnam have now overtaken Thailand as the world’s leading rice Contd. P 10... jr0wDNrKd Uonf rl;,pfaq;0g;? vufeuf ypönf;rsm;ESifh tzd;k wefausmufrsu&wem f rsm;udk w&m;r0ifueu;l oef;a&mif;0,frI k f wGif emrnfausmfMum;aom e,fpyfNrdKU wpfNrKd UjzpfNy;D ,cktcg arSmifcueu;l rI kd k f rsm ; tcsuf tcsm ae&mwpf cktjzpf wnf&Sdaeonf/ tdre;D csi;f EdiijH zpfaom xdi;f Ediiwif f k f k k f H G qefpyg;rsm;udk xdkif;tpdk;&u aps;EIef; jrifrm;pGmay;í0,f,onfprcsuaMumifh h l h D H f qefpyg;arSmifcdkwifoGif;olrsm;taejzifh ,if;tcsuftay: tjrwfxkwfrIrsm;&Sd vmcJhaMumif; od&onf/ jr0wDwGif qef 50 uDvdktm; tar&duefa':vm 16 a':vmjzifh a&mif;0,frIjyKvkyfaeaomfvnf; xdkif; EdkifiHwGif tar&duefa':vm 30 txd &Sdaeonf/ xdkodkY aps;EIef;ydkrdkjrifhrm;ae jcif;rSm xdkif;tpdk;& v,form;rsm;udk qefpyg;pduysK;d a&;ydrw;kd wufvmap&ef k f k kd axmufyHhrIrsm;ay;tyfaejcif; tusKd; qufyifjzpfonf/xdr0g'onf xdi;f tpdk;& kl k tm; ukefusp&dwf tar&duefa':vm 13 bDvD,Hausmf ukefapcJhNyD; tjynf jynfqi&maiGaMu;&efyaiGtzGUJ u ,if; kd f kH pDrHcsufonf xdkif;EdkifiH pD;yGm;a&;udk txdemapvdrrnf[k owday;ajymMum; hf cJhonf/ xdkif;tpdk;&u v,form;rsm;udk qef pyg;rsm;a&mif;csrItwGuf aiGay;acs&ef aemufusaerIaMumifh vlvwfwef;pm; rsm;ESifh tpdk;&qefYusifqE´jyolr sm;rSm a'goxG u f c J h M uNyD ; xd k i f ; 0ef B uD ; csKyf ,ifvwf&iem0yftm; &mxl;rS Ekwxuf S f f G ay;&efEifh vuf&StmPm&ygwDtm; jzKwcs S d f &ef befaumufNrKd UwGif qE´jyrIrsm;tBu;D tus,f jyKvkyf vmcJ hMuonf/ qef pyg; 0,f,lrIpDrHcsufudk toHk;csí EdkifiHa&; orm;rsm;ESihf wm0ef&orsm;onf aiGaMu; dS l yrmPtajrmuftjrm;udk &&Sd&ef aqmif &GufcJhMuonf[k pGyfpGJcJhMuonf/ vGefcJh onfhvwGif xdkif;EdkifiH trsKd;om; tusizsujf cpm;rIwuzsua&;aumfr&Sif hf kd f f l I tzGJUu (NACC) qef0,f,ray:vpDudk Contd. P 10...
  10. 10. LOCAL BIZ 10 Myanmar Business Today February 20-26, 2014 mmbiztoday.com Bangladeshi PM to Attend BIMSTEC Summit in Myanmar B angladeshi Prime Minis- to Myanmar on March 1 to attend the third Bay of Bengal Initiative for Multi-sectoral Technical and Economic Cooperation (BIMSTEC) Summit to be hosted by Myanmar, sources The seven-nation economic forum groups Bangladesh, Myanmar, India, Thailand, Nepal, Bhutan and Afghanistan and the summit is slated for March 1-4 in Nay Pyi Taw. The sources said Sheikh Hasina will hold a meeting with Indian Prime Minister Manmohan Singh on the sidelines of the summit. The group earlier decided that of the economic forum. Hasina to a foreign country after she became Prime Minister for the third time after winning the parliamentary election on January 5 this year. The First and Second BIMSTEC Summits were held in Thailand in 2004 and India in And with prices for rice far higher than in neighbouring countries, up to 750,000 tons of rice is being smuggled into Thailand annually, where it grain so that it can be sold to price. “The government is running ble from the scheme,” said velopment Research Institute who has made a study of the subsidy policy. STEC Chair in 2009. Xinhua Myanmar Summary vmrnfh rwfv 1 &ufaeYwGif jrefrm Ediiu vufcusi;f yrnfh wwd,tBurf k f H H d ajrmuf Bay of Bengal Initiative for Multi-sectoral Technicaland Economic Cooperation (BIMSTEC) tpnf;ta0;odYk b*Fvm;a'h&Eii0efBu;D fS kd f H csKyf Sheikh Hasina wufa&mufrnf [k od&onf/ b*Fvm;a'h&Sf? jrefrm? tdEd´,? xdkif;? eDayg? blwefEifh tmz*efepöwefwYkd yg0if S onfh EdkifiHaygif; 7 EdkifiHrS udk,fpm; vS,frsm; wufa&mufrnfjzpfNyD; tqdkyg awGUqHkaqG;aEG;yGJtm; aejynfawmfwGif rwfv 1 &ufaeYrS 4 &ufaeYtxd jyKvyf k usif;yoGm;rnf[k od&onf/ Sheikh Hasina onf tdEd´,0efBuD; csKyf refrdk[efqif;ESifh awGUqHkaqG;aEG; rIjyKvkyfoGm;zG,f&SdaMumif;vnf; od& onf/,ckc&D;pOfonf Hasina twGuf ,ckESpfZefe0g&D 5 &ufaeYwGif ygvDref a&G;aumufyü tEdi&&SchJNy;D aemuf yxr JG k f d OD;qHk;jynfyc&D;pOfwpfcvnf; jzpfonf/ k “Rice isn’t like wine; you can’t keep it forever. The longer the government stockpiles it, the more it will depreciate in value.” With the average salary in Myawaddy just £2.50 a day, there is plenty of incentive for people to smuggle rice: a 42-year-old smuggler, who gave his name as “Brother Tone” said he could earn up to £60 a day, almost 25 times as much. Nor do the smugglers have to worry about getting caught. “As long as you have permission from the army and pay the right people, it’s no problem. No one goes to prison for this in Burma,” said Tone. 2C2P Launches POS Service with Visa and MasterCard Su Su 2 C2P, a Singapore-based payment solutions provider, launched a complete point of sale (POS) service in Myanmar in partnership with local bank Myanmar Citizens Bank (MCB). The service enables merchants in Myanmar to accept major in- is a near impossible task for the Thai authorities. “We have miles of the border,” said Supachai Sasomboon, deputy director of the Mae Sot customs post. “So it’s very hard to police the border.” Thailand’s economy is now under mounting pressure from grain and the spiralling costs of the rice-pledging scheme itself. The credit agency Moody’s has already warned that it could lead to Thailand’s rating being downgraded. Worse still for Yingluck, the ternational payment cards from both Visa and MasterCard. The POS system will also come with online real time reports, slips with merchant logos, and pre-authorisation for call centre sales, the company said. Such services are still new in troduced a POS service to the country in March of last year by partnering with local banks. policy has come to symbolise what the anti-government protesters regard as Pheu Thai’s abuse of power. “People see rice-smuggling taersm;aMumifh xdkif;EdkifiHrS qefruf x&pfwefcsdef 1. rDvD,Htm; 0,f,l 2 &ef oabmwlnDcsufudk y,fzsufcJhaom aMumifh xdkif;EdkifiHtwGuf aemufxyf pdk;&drfp&mtajctaewpf&yfukd xyfrH BuHKawGUcJh&onf/ xdkif;tpdk;&u aqmif&GufcJhaom qef pyg;0,f,lrIay:vpDaMumifh qefpyg; arSmifcdkwifoGif;olrsm;twGuf tusKd; tjrwfrsm;pGm&&SapcJaMumif; od&onf/ d h jr0wDrS qefpyg;rsm;tm; avSoabFm rsm;jzifh xdkif;EdkifiHodkY arSmifcdkwif;oGif;rI rsm;&SdcJhNyD; xdkif;tpdk;& qefpyg;0,f,l rIpDrHcsufaMumifh ,ckuJhodkY arSmifcdkwif oGif;rIrsm;jzpfay:vmcJhNyD; xdkif;tajc taeqd;k wpf&yf BuKH awGUvmcJ&onf/ h The Telegraph pHprf;ppfaq;&ef xkwjf yefaMunmcJ jh cif; k u 0efBuD;csKyf,ifvwf&Sifem0yftwGuf aemufxyfztm;jzpfvmapcJonf/ ,ckv d h wGif w½kwfEdkifiHu xdkif;EdkifiHpdkufysKd; a&;u@rS raocsmra&&monfhtajc service in Myanmar at around the same time. The company’s move was hinted at when the founder and group CEO shared with Tech in Asia that the company had raised $2 million in Series B
  11. 11. LOCAL BIZ 11 Myanmar Business Today February 20-26, 2014 mmbiztoday.com British Professor with The Same Name As A Myanmar Heroin Kingpin: Banks Keep Getting Confused Jamila Trindle T he US sanctions blacklist is meant to stop terrorists, drug lords, and weapons traders from getting access to their money. Unfortunately, it also ensnares a lot of people who just happen to have the same name as one of those alleged criminals. Professor Stephen Law, who shares the name of a prominent Burmese heroin dealer, has discovered He’s also the author of books like “Believing Bullshit: How Not to Get Sucked Into an Intellectual Black Hole.” The Burmese one is a wealthy drug kingpin who was sanctioned by the Treasury in 2010 because of his ties to the country’s ruling junta. Treasury Asia World, received lucrative government construction contracts because of his close ties to the regime. The second Law uses several aliases and is believed to split his time between Myanmar and Singapore. The two Laws have little in and the fact that it appears on tions list has hit each of them hard. The British Law said that bank transfers from Europe take weeks to get to him and that packages from abroad often fail to arrive. When an American friend sent him a drum, it was held up at customs complaining about his problems accessing his own money or receiving gifts from abroad, but the department has yet to respond or take steps to ensure he isn’t confused with the Burmese Law. The British Law’s troubles are the inadvertent byproducts of the US government’s ongokingpins, war criminals, and nuclear weapons proliferators cial system. Washington uses targeted sanctions to single out individuals and companies and make it illegal for US banks and companies to interact with them. While broad trade embargoes against countries like Cuba haven’t worked, freezing the assets of individuals has proven a successful tool for pressuring them into doing what the US government wants, whether that’s ending support for terrorists or giving up ties to Photo Illustration by FP The British Stephen Law is a soft-spoken professor at the University of London where he has taught philosophy for 17 years and plays the drums in a and then sent back to the United States. When he asked his bank why a travel reimbursement from Austria was held up, they wouldn’t tell him. “I’ve been having these problems for years but I never understood what it was or why it was happening to me,” Law said. Law, who describes himself as a “fairly well-known atheist ligious views might have somehow landed him in hot water. But then someone on Twitter partment list, which includes the name Stephen Law. Law recently wrote a letter ment adds a new name to the list, it issues a press release that includes their reason for the new designation. Banks and companies are responsible for making sure they don’t do business with the sanctioned perment raked in $137 million for sanctions violations in 2013 – cautious about handling transactions for people whose names are at all similar to those on the list. Most major banks check transactions against rosters maintained by outside companies like Thomson Reuters. If a name is too similar to those on the sanctions list, the transactions will be held up while banks methodically check the person’s address and birthdate to make sure they’re not aiding an alleged wrongdoer. comment on Law’s case, but a spokeswoman said they “always endeavour to make public all mation – including addresses, dates of birth, places of birth, and passport numbers, among other information.” Law, for his part, has taken to the Internet “This has proved frustrating, time-consuming and also costly to me personally,” Law wrote in a blog post. It’s incredibly subtle title: “How the US Treasury imposes sanctions on me and every other ‘Stephen Law’ on the planet.” FP Myanmar Summary tar&duefu pD;yGm;a&;ydwqYkrjI yKvyf f d k xm;aom emrnfysufpm&if; &nf&G,f csurm tMurf;zuforsm;? rl;,pfaq;0g; f S l acgif;aqmifrsm;ESifh vufeufukefoG,f rIrsm;udk &yfwefY&eftwGufyifjzpfonf/ odaomf uHq;kd pGmjzifyif ,if;uJokdY emrnf Yk h h ysuf p m&if ; wG i f yg0if a omol r sm;ES i f h emrnfwlaeolrsm;taejzifh tcuftcJ rsm;pGm BuHKawGUae&onf/ ya&mfzufqm Stephen Law taejzifh jrefrmEdkifiHrS bdef;bk&ifESifh emrnfwlaeonfhtwGuf BuHKawGUae&onf[k qdkonf/ NAwoQEiiom; Stephen Law onf d d kd f H vef'efwuúodkvfwGif 'óeduaA'udk 17 ESpfwdkif oifMum;ay;cJhonfh ya&mf zufqmwpfOD;jzpfovdk The Heavy Dexters [kac:aomwD;0di;wGivnf; k f f Believing Bullshit: How Not to Get Sucked Into an Intellectual Black Hole uJhodkY pmtkyfrsm;udkvnf; a&;om;cJholjzpfonf/ jrefrmEdiirS rl;,pfacgif;aqmifo<l u,f k f H jzpfonfh Stephen Law tm; 2008 ckEpwif tar&duef b@ma&;0efBu;D S f G XmerS emrnfysufpm&if;wGif xnfhoGif; cJNh y;D 2010 ckEpwivnf; ppftpd;k &ESifh S f G f ywfoufqufE,conftwGuf aemuf G f hJ h xyfydwfqdkYrIudk jyKvkyfcJhonf/ Stephen Law t*FvefEdkifiHom; taejzifh rl;,pfaq;0g;acgif; aqmif Stephen Law ESifh emrnfwl aeonfhtwGuf tar&duef b@m a&;0efBu;D XmerS ydwqrrsm;udk BuKH awGU f Ykd I ae&aMumif; od&onf/
  12. 12. LOCAL BIZ 12 Myanmar Business Today mmbiztoday.com February 20-26, 2014 SilkAir to Fly Singapore-Mandalay Route Htet Aung S ilkAir, the regional wing of Singapore Airlines, announced that it will launch its services in Yangon-Mandalay route in a bid to increase its network of 47 destinations in Subject to applicable ap- Mandalay and Yangon, Myanmar, from June 10, the company said. It will also launch three pines through circular-routing Kalibo and Mandalay to our they will be well-received,” said Thng. “As the regional wing of Singapore Airlines, SilkAir plays Airlines Group network by seeding and developing emerging destinations,” he said. The two new services will be connected via Singapore to more than 90 cities in the joint Singapore Airlines-SilkAir network. The second largest city in Myanmar, Mandalay is the centre of culture and religion in the country. The city is home to the Royal Palace as well as many other attractions built during long considered one of the world’s greatest archaeological sites, is also accessible through Mandalay. Kalibo is the capital of Aklan province and gateway to the idyllic Boracay island in the Philippines. The island is known for its white sandy beaches and crystal clear waters. The two new services will be introduced during the airline’s Northern Summer operating season, between March 30 and Oct 25. SilkAir is also making network adjustments during WMC Mandalay will be the airline’s second destination in Myanmar after Yangon, while Kalibo will be SilkAir’s third destination in the Philippines after Cebu and The services will be operated with Airbus A319 and A320 aircraft, featuring both Business and Economy Class cabins, SilkAir said. this season, comprising capacity increases on several routes and reductions on others, it said. Myanmar Summary Note: Singapore (SIN), Cebu (CEB), Kalibo (KLO), Yangon (RGN), Mandalay (MDL) *All timings local The demonstrations eventually led to a police crackdown, injuries to villagers and monks, and prompted the government to set up a commission led by an opposition party leader to investigate the project’s feasibility. In March 2013 an investigation by the commission supported continuation of the project provided investors made necessary improvements. In July 2013, a new contract was signed with revised from 4:45:51 between the Myanmar state company Myanmar Mining Enterprise, UMEHL and Wanbao to 51:19:30. Under the new contract, Wanbao will also invest $2 million annually for mine reclamation and invest $1 million in corporate social responsibility (CSR) activities before beginning production. In addition, all investors will allocate 2 percent of their throughout the project. China is the largest investor mostly in hydro- power, mining and gas and oil projects in its impoverished Southeast Asian neighbour which of economic stagnation, corruption and sanctions. Chinese companies lead actual investment in Myanmar with $14.12 billion, or nearly 42 percent of the total $33.67 billion, from Following suspension of the project, Myanmar witnessed a sharp fall in its foreign direct investment as Chinese investors feared political uncertainty might cause heavy losses. Investor pullout Chinese investment in Myanmar plunged from 11 to $407 million in the the Myanmar Investment Commission. Myanmar people often fear the big investment projects, rooted in Myanmar’s military past, that Chinese investment failed to make up the shortfall, threatening Myanmar’s economic development. Chinese companies tend to speak to the big resources more for the than for its local residents. The Letpadaung copper mine is not the only proIn September 2011, Myanmar President Thein Sein ordered suspension of the $3.6 billion Myitsone Hydropower Project in upstream Ayeyawady River as a result of opposition from residents. That project was backed by China Power Investment. that worked well under the Myanmar military junta, said Li Zuqing, a Myanmar-based ethnic Chinese and dean of the Mandalay-based Fuqing Computer and Language School, “but that no longer works nowadays [as people demand democracy and transparency].” The Chinese company’s are little known by the Myanmar general public as they do not have a pifumylavaMumif;vdi;f wpfcjk zpfonfh k SilkAir onf &efukef-rEÅav;av aMumif;c&D;pOftm; ysoef;ajy;qGJrIrsm; H jyKvkyfoGm;rnf[k xkwfjyefaMunmcJhNyD; tm&Sypdzdwfa'owGif; avaMumif;uGef &ufrsm;udk wdk;csJUvkyfaqmifoGm;Edkif&ef &nf&G,fí BudK;yrf;aqmif&GufoGm;rnf jzpfaMumif;vnf; od&onf/ avaMumif;ysHoef;ajy;qGJ&eftwGuf tqdkjyKavQmufxm;rIwif SilkAir tae G jzifh ZGefv 10 &ufaeYrSpí rEÅav;ESifh spokesperson and it is hard for local media to speak to the company, May Thingyan Hein, CEO of Myit Ma Kha News Agency, told the Global Times. She believes that Wanbao lacks transparency and should publish its compensation standards so that the media can supervise its allocation and distribution among the people. A group of villagers who are also newly recruited workers at an orientation training for Wanbao told the Global Times that they are glad of a job, and hope the project can start production soon so that they can get higher pay. Some countrymen are plot of land as it is the only heritage they can pass on New workers at the company can earn about $1,200 in annual salary, which compares with $3,000-$5,000 annual income a household can make farming, said U Than Lwim Lwim, a 36-year-old villager. &efukefodkY wpfywfvQif 3 BudrfcefY toGm;tjyef ysoef;ajy;qGJoGm;rnfjzpf H aMumif; ukrÜPDrS ajymMum;cJhonf/ xdkYtjyif &efukefESifh zdvpfydkifEdkifiH Kalibo NrdKUodkYvnf; avaMumif;ajy;qGJ rIrsm;udkvnf; jyKvkyfoGm;rnfjzpfonf/ SilkAir avaMumif;vdi;twGuf &efue?f k f k rEÅav;c&D;pOfonf 'kw,ajrmufajy;qGJ d onfhc&D;pOfwpfcvnf;jzpfovdk zdvpfyif k kd EdkifiHwGifvnf; Cebu ESifh Davao wdkYNyD;vQif Kalibo onf wwd, ajrmuf c&D;pOfwpfcjk zpfvmrnfjzpfonf/ avaMumif;0efaqmifrrsm;tm; Airbus I A319 ESifh A320 av,mOfrsm;jzifh ysoef;ajy;qGay;oGm;rnfjzpfaMumif;od& H J onf/ He said he hoped to earn a $300 monthly salary as a skilled worker at the company in the future. GT tyd k a xmuf y H h a Mu;ay;rnf [k pmwpfapmifa&;om;ay;ydcJonf/ Yk h ,cktpDtpOfonf 0rfaygif ukrÜPD wwd,ajrmuf epfem aMu;tjzpf urf;vSr;f rIwpfcvnf; k jzpfonf/0rfaygifurPEifhtusK;d k Ü D S wlyl;aygif;xm;onfh vkyfief;rSm jrefrmhpD;yGm;a&;OD;ydkifvDrdwuf (UMEHL) jzpfNy; pDrue;aMumifh D H d f &Gmaygif; 4 &GmrS tdrfaxmifpk aygif; 442 cktm; ae&ma&TUajymif; ay;&ef vdktyfNyD; aus;&Gmaygif; 26&GmwGiaexdiMf uolrsm;twGuf f k ajr,mavsmfaMu;rsm;udkvnf; ay;tyfoGm;&rnfjzpfonf/ 0rf aygifowåKwGif;vkyfief;taejzifh ,cifu pDrHudef;wnfaqmuf rnfhae&mwGif aexdkifMuolrsm; tm; aus;&Gmopfrsm;odkY a&TUajymif; &ef axmufyHhulnDrIrsm; jyKvkyf cJhNyD; bkef;BuD;ausmif;wpfckESifh vrf;wHwm;rsm;udvnf; jyefvnf k wnf a qmuf a y;cJ h o nf h t jyif aq;½HkwpfckESifh rlvwef;ausmif; 4 ausmif;udk wnfaxmif&ef twGufvnf; aiGaMu;axmufyHh cJhonf/ xdkYjyif 0rfaygifukrÜPDu aus; &Gmolaus;&Gmom;rsm;twGuf tvkyftudkifaygif; 2000 ausmfuvnf ; urf;vSrf ;cJhonf/ kd 0rfaygifurPonf 2011 ckEpf k Ü D S wGif aus;&Gmolaus;&Gmom;rsm; tm; ajr 1 {uvQif usyfaiG 550000 (tar&duefa':vm 550) jzifh urf;vSrf;cJhNyD; 2013 ZGefvwGif aemufxyf axmufyHh aMu;tjzpf 1 {uvQif usyfaiG 7 odef;rS usyfaiG 12 odef; 5 aomif;tMum; ay;tyfconf/ hJ odkYaomf tqdkygavsmfaMu;aiG rsm;udk aus;&Gmrsm;wGifaexdkifol 40 &mcdkifEIef;cefYu jiif;qefcJh aMumif;ukrPrS ajymMum;cJonf/ Ü D h pDrue;f tm; jyefvnfaqmif&uf H d G cJ h a omf v nf ; ajr,mud p ö r sm ; aMumifh vkyfief;xdcdkufrIrsm;&Sdae onf[k 0rfaygifowåKwi;f vkyief; G f rS tif* sifeD,m Zhuang Yongquan u ajymMum;cJhonf/ pDrue;f wGiyg0ifonfh ajr{&d,m H d f aygif; 7877 {urS wpfESpfvQif aMu;eDyrmP rufx&pfwefcsdef 1 odef;txd xkwfvkyfEdkifrnfjzpf aMumif;vnf; od&onf/ avsmf a Mu;aiGr sm;wdk;jr§ifhay; jcif;udk&Gmom;rsm;taejzifhaus ajymMum;cJh onf/
  13. 13. REGIONAL BIZ 13 Myanmar Business Today February 20-26, 2014 mmbiztoday.com Driver of Growth Siva Govindasamy and Tim Hepher A irbus claimed bragging rights as the Asia-Pacific’s dominant aircraft supplier last week, saying the region’s fast growing economies and rising passenger demand will continue to drive demand The European planemaker cent of all new business in the ders. It also delivered 331 new aircraft, or over half of all new planes that entered into service with the region’s airlines, it added. Speaking at the Singapore “The message from me is where the action will be for the industry in the coming years,” Fabrice Bregier, head of Airbus planemaking division, said at a news conference. There is demand for 11,000 nearly 3,770 aircraft in service today, it added. Growing urbanisation means where there will also be 90 cities with more than one million passengers, said the company. China will also overtake the United States as the world’s largest domestic airline market by 2032, said Airbus sales chief John Leahy. “There is no doubting the market both today and in the future,” he added. Even though airlines from the emerging markets account for an increasingly large portion of its order book, Bregier said that he is not too concerned about the current worries about that market segment. Airbus is also looking for more partnerships with companies in the region, said Bregier. In China, where the compaTianjin for the current generation of the A320 family of aircraft, he added there remains the possibility of assembling the upgraded re-engined A320neo Reuters from the European planemaker added that they were optimistic about more orders from the region’s full-service carriers and budget airlines despite ongoing concerns about the health of emerging markets, many of which are located in the Asia- the 20 years to 2032, said Airpected to more than double to over 12,130 jets, based on av- variant. Airbus has also been promoting a “regional” variant of its A330 widebody aircraft, which it says will suit services between high-demand slot-restricted airports in countries like China. Airbus is also on track to deways by the end of 2014, said Bregier. The company also announced that Vietnamese low-cost carriorder for 63 A320 family of aircraft. Reuters Myanmar Summary tm&Sypdzwa'owGi;f &Sd tvsitjref d f f zGUH NzKd ;wdk;wufvmaomEdiirsm;rSm a'o k f H wGi;f avaMumif;c&D;onfrsm;ydrwk;d wuf k kd rsm;jym;vmaomaMumifh vmrnfhtESpf 20 twGif; 0,fvdktm;udk qufvuf jrifhwufvmEdkif&eftwGuf qufvuf zefwD;ay;oGm;Edkifvdrfhrnf[k Airbus wm0ef&SdolwpfOD;u ajymMum;cJhonf/ Oa&my&Sd av,mOfxkwfvkyfonfhvkyf ief;wpfckjzpfonfh Airbus xHrS tm&S ypdzwa'oEdiirsm; av,mOfrm,lrI d f k f H S onf 2013 ckEpwif ydrwk;d wufrsm;jym; S f G k kd vmcJhaMumif; od&onf/ vuf&SdtcsdefwGif tm&Sypdzdwfa'o&Sd zGHUNzdK;qJaps;uGufrsm; a&&SnfwnfwHh zGUH NzKd ;rIEiywfoufí pd;k &drrrsm;&Saeaomf S hf f I d vnf; tm&Sypdzwa'o 0efaqmifrI d f tjynft0ay;onfh avaMumif;vdi;f rsm; h k ES i f h p&d w f ouf omavaMumif; rsm; rSm,lrIrsm; ydkrdkjrifhwufvmEdkifrnf[k Airbus wm0ef&SolwpfOD;uajymMum;cJh d onf/ tm&Sypdzwa'otaejzifvm rnfEpf d f h h S r sm;onf avaMumif ; vk y f i ef ; ES i f h ywfoufíta&;ygaoma'owpfckjzpf vmrnf [kod&onf/ Microsoft Denies Global Censorship of China-Related Searches Paul Carsten M icrosoft Corp denied last week it was omitting websites from its Bing search engine results for users outside China after a Chinese rights group said the US government deems politically sensitive. GreatFire.org, a China-based freedom of speech advocacy group, said in a statement on Tuesday last week that Bing was Chinese language search results leader whom Beijing brands as a violence-seeking separatist, charges he denies. Microsoft, responding to the rights group’s allegations, said a system fault had removed some search results for users outside China. The company has in the - soring the Chinese version of internet phone and messaging software Skype. tem, we triggered an incorrect some searches noted in the report but the results themselves are and were unaltered outside of China,” Stefan Weitz, senior director for Bing, said in a statement emailed to Reuters. Weitz did not say if the error elaborate. Microsoft sent a shortened version of the statement to China-based media organisations which omitted all reference to GreatFire.org and did not address the allegations. “There were too many points in the original statement,” a China-based Microsoft spokeswoman told Reuters. Reuters reporters found that Bing omitted several websites that showed up on the search engine of rival Google Inc when in Chinese from Singapore. The English-language search results on both engines were similar. China’s ruling Communist Party sees censorship as key to maintaining its grip on power, recognising that social media to air grievances and criticism of the government, a potential trigger for social unrest. This censorship often means foreign internet companies must tread a careful path in portunities without compromising a carefully nurtured image as champions of open societies and free speech. China comply with the government’s web censorship requirements. Microsoft has made no secret of its aim to build a bigger pres- ence in China, a market where its software is widely used but rarely paid for. Microsoft was criticised for censoring the Chinese version of Skype, which it ran jointly with Hong Kong-based TOM Group. In November, Microsoft said it had formed a new joint venture with Guangming Founder, and advocacy group GreatFire. org said Skype in China was no longer being censored. Reuters Myanmar Summary Bing search engine jzifh w½kwEiiH f kd f jyifyrS tifwmeuftoHk;jyKorsm; tcsuf l tvufrsm;&SmazG&mwGif tcsuftvuf rsm;tm; z,fcsexm;onfqonftcsuf f kd h tm; rdkufc½dkaqmhzfaumfydka&;&Sif;u jiif;qefvdkufaMumif; od&onf/ 'vdkif;vm;rm;uJhodkY a0g[m&rsm;udk &SmazG&mwGif t*Fvdyfbmompum;ESifh w½kwfbmompum;ESpfckpvHk;wGif ,if; taMumif ; t&m&S m azG r I & v'f r sm;tm; tjynfhtpHkrazmfjybJ xdefcsefxm;rIrsm; &Sda Mumif; w ½k wf Ed kif i H t ajc pd ku f GreatFire.org u vGecJonftywfwif f h h G ajymMum;cJhonf/ rdkufc½dkaqmhzfrS ,if;tzGJUpGyfpGJcsuf udk wkHYjyefcJhNyD; ,if;tcsufrSm pepf rSm;,Gi;f rIaMumifom &SmazGr&v'fwcsKdU h I yg0ifrvmcJhjcif;jzpfaMumif; ajymMum; cJhonf/ ½dkufwmowif;XmerS owif; axmufrsm;&SmazGawGU&Srt& pifumyl d I EdkifiH&Sd toHk;jyKolrsm;u 'vdkif;vm;rm; qdkonfhpum;vHk;onf w½kwfbmom pum;jzifh &SmazG&mwGif Bing u Google Inc ESifh NydKifbuf search engine rS azmfjyonfh 0ufbfqdkuf tcsKUd udk xdecsexm;cJaMumif; od&onf/ f f h w½kwEii vuf&StmPm& uGejf rL f kd f H d tmPmwnfNrap&ef vlrr',mrsm;tm; J I D D rsm;onf EdkifiHom;rsm;udk tpdk;&tay: a0zefrIrsm;ESifh rauseyfcsufrsm;jzpfay: vmap&ef wGef;tm;rsm;ay;aeonf[k xifjrif,lqaeMuonf/
  14. 14. REGIONAL BIZ 14 Myanmar Business Today February 20-26, 2014 mmbiztoday.com Singapore Eyes up to 40 Thai Government Admits Lack of Boeing or Airbus Jets Power to Renew Troubled Rice Scheme S ingapore Airlines has begun weighing a potential order for dozens of widebody jets as it compares Boe- plane in an attempt to leapfrog Airbus’s 350-seat A350-1000. A major customer of both jetmakers, Singapore Airlines has Europe’s Airbus A350, three sources familiar with the matter said. The airline is looking at a potential order for as many as 40 tially worth $15 billion at list prices, the sources said, asking and options for another 20. It can convert some of those to the A350-1000 variant for long-haul requirements and is seen as certain to receive counter-bids from Airbus to avoid or blunt any Boeing order. Airbus and Boeing both declined to comment. Reuters However, a decision is not imminent since the airline is keen to closely study the Boeing 777ments with manufacturers on a regular basis in line with our longstanding policy to maintain however.” Asked about interest in the Goh Choon Phong told Reuters the airline was gathering information on the aircraft as a potential future replacement for He declined to discuss further was actively involved in talks. “When there is something to announce we will do so. We do campaigns until there is a decision,” he said. show in November. The largest Reuters carry 406 passengers and enter service in 2020. Boeing launched the latest rsm;tm; 0,f,lrnfhtcsufESifh pyfvsOf; í tao;pdwfajymMum;jcif;r&Sdao;bJ av,mOfr sm;0,f,rnfupEiywfouf l h d ö S hf í qHk;jzwfcsufwpfpHkwpf&mrcsrDtxd twnfjyKEdkifrnfr[kwfaMumif; ajym Mum;cJhonf/ February, risking further alienating farmers angry over late payments for their current crop. Prime Minister Yingluck Shinawatra, assailed since November by a largely urban, middle class protest movement bent on buying scheme will end autoathep Rattanakorn, a minister told Reuters. Farmers hold signs as they take part in a rally demanding the Yingluck administration resolve delays in payment from the rice pledging scheme, outside the Com- Reuters Myanmar Summary xdi;f tpd;k &qefpyg;0,f,raxmufyhH k l I a&;pDrHcsufonf azazmf0g&DvukefwGif oufwrf;ausmfvGefcJhNyD; ,if;pDrHcsuf tm; topfwpfzefjyefvnfaqmif&Guf Edi&eftwGuf pGr;f tm;r&SdcaMumif; xdi;f k f Jh k tpdk;&u vGeconftywfwif ajymMum; f hJ h G cJhonf/ wd vuf&qefpyg;rsm;twGuf aiGay; Yk dS acsrIrsm;aemufusaerItay:udk aemuf xyftrsuxup&mrsm;jzpfvmEdionf/ f G f k f Edk0ifbmvuwnf;rSpí 0efBuD;csKyf ,ifvwf&iem0yftm; &mxl;rS Ewxuf S f k f G ay;&ef t wGuf qE´ j yawmif; qdk rI rsm; jzpfyGm;cJhNyD; v,form;ajrmufjrm;pGm aiGay;acsraemufusaerIuvnf; vESihf I kd csDí &ifqdkifBuHKawGUcJh&onf/ Bangladesh Tea Output Climbs 1.6pc to Hit Record Ruma Paul B angladesh’s tea production in 2013 grew by 1.6 percent from a year earlier to a record 63.5 million kg, said, thanks to favourable weather. The country has become a net importer of tea after rankponential increase in domestic consumption. The record output means Bangladesh could import less this year to meet domestic consumption, which is rising by 4.5 percent annually, in line with steady economic growth, and stands now at around 65 million kg. However, Bangladeshi buyers imported a large volume of tea from India in recent months, market sources said. Tea is sold at the country’s sole auction centre, in the port city Chittagong, where most of it is picked up by domestic buyers. ed 540,000 kg of tea, down from 1.56 million kg in 2012. Pakistan, the United Arab Emirates and Saudi Arabia are the main importers of Bangladeshi tea. Reuters Myanmar Summary b*Fvm;a'h&SfEdkifiH vufzufajcmuf xkwvyronf 2013 ckEpwif vGecJh f k f I S f G f onfEpxuf 1. &mcdiEe;f ydrwk;d wuf h S f 6 k f I k kd vmcJhNyD; uDvdk*&rf 63. oef;txd 5 xkwfvkyfEdkifcJhaMumif; od&onf/ &moDOwkaumif;rGefrIaMumifh ,ckuJh odYk xkwvyEiryrmPwd;k wufvmjcif; f k f kd f I jzpfaMumif; od&onf/ 1990 ckESpfrsm; wGif b*Fvm;a'h&SfEdkifiHonf urÇmhyÍör ajrmuftBuD;rm;qHk; vufzufajcmuf wifydkYoljzpfvmcJhNyD;aemuf jynfwGif; pm;oHk;rIjrifwufvmjcif;aMumifh vufzuf h ajcmuftom;wifwifoi;f onfh Ediiwpf G k f H EdkifiHjzpfvmonf/ 2013 ckESpftwGif; jynf w G i f ; vuf z uf a jcmuf x k w f v k y f r I jrif h w uf v mjcif ; aMumifh ,ck ES pf wGif jynfwGif;pm;oHk;rItm; jznfhqnf;&ef twGuf vufzufajcmufwifoGif;rIudk avQmhcsoGm;EdkifzG,fvnf;&Sdaeonf/ odkYaomf b*Fvm;a'h&SfEdkifiHrS vuf zufajcmufwifoGif;olr sm;onf rMum ao;rDu tdEd´,EdkifiHrS vufzufajcmuf yrmPtrsm;tjym;udk wifoi;f cJaMumif; G h vnf; od&onf/ BTRI A Boeing 777-9x model plane. Singapore Airlines onf udk,fxnfydkrdkBuD;rm;aom bdk;tif;av ,mOfrsm;udk0,f,&ef rsupusaeaMumif; l f d od&onf/ ,if;avaMumif;vdkif;taejzifh tar &duefa':vm 15 bDv,txd aps;EIe;f D H &Sdonfh bdk;tif; 777X av,mOf rsm;tm; tpD; 40 txd 0,f,loGm; &eftwGuf pOf;pm;aeaomfvnf; av aMumif;vdkif;taejzifh av,mOfrsm; tm; 0,f,l&ef pD;yGm;a&;t& oHk;oyf wGufcsufpOf;pm;jyKvkyfaeonfhtwGuf qHk;jzwfcsurcs&ao;aMumif; od&onf/ f bdk;tif; 777X av,mOfr sm;tm; 0,f,l&eftwGuf pdwf0ifpm;aeonfh tcsufESifhpyfvsOf;í trIaqmift&m&Sd csKyfjzpfol Goh Choon Phong u avaMumif;vdkif;taejzif h vuf&Sd av,mOf rsm;ae&mwGif tpm;xdk;toHk;jyK&ef twGuf tem*wftvm;tvmrsm;ESifh owif;tcsuftvufr sm;udk pkaqmif; aeqJjzpfaMumif; ½dkufwmowif;XmeodkY T hailand’s caretaker government said last week it did not have the power to renew a rice subsidy scheme “We are just a caretaker government, which has no power facing unrest among her Puea Thai Party’s natural supporters in the countryside, where many farmers have gone unpaid for their rice for months. Yingluck has led a caretaker ber, when she dissolved parliament and called a snap election in an attempt to end the antigovernment street protests. As a result, the government’s spending and borrowing powers are heavily curtailed. Chaiwat Subprasom/Reuters spokesman for the airline said by email. “Any discussions with manu- Myanmar Summary Apornrath Phoonphongphiphat
  15. 15. 15 REGIONAL BIZ Myanmar Business Today mmbiztoday.com February 20-26, 2014 China Dashes Hollywood’s Hopes for Greater Access in 2014 C skirt the ban or gaining entry as a non-US production. Reuters hina will maintain its strict quota for imported Hollywood movies this year, rejecting reports it had planned to increase access for Myanmar Summary largest cinema market, the ofported. The Hollywood Reporter cited a source recently saying mulling increasing Hollywood’s quota in China to 44 from the lion) last year. Production companies like Viacom Inc’s Works Animation SKG Inc have hired Chinese actors and set up co-productions with Chinese mainland market. But China’s often draconian over the market, controlling the Yves Herman/Reuters year. US studios have been taking steps to appeal to the fast-grow- th domestic ventures. China’s State Administration of Press, Publication, Radio, Film Cannes Film Festival in Cannes. - 2012, when China increased the rent level. Hollywood has traditionally get into the Chinese market, including creating joint-productions with Chinese partners to 2014 quota would hold in-line with an agreement signed in w½kwEiionf ,ckEpwif a[mvd0'f f kd f H S f G k rS wifoGif;onfh ½kyf&Sifum;rsm;tay: wif;Muyfxm;rIrsm;tm; qufvufxdef; odrf;Edkif&ef aqmif&GufoGm;rnfjzpfNyD; urÇmhtBuD;qHk;½kyf&Sifaps;uGufjzpfaom w½kwfEdkifiHodkY tar&duef½kyf&SifZmwf um;rsm; wifoGif;rI ydkrdkjyKvkyf&ef tpD tpOf&onfqkaomtcsufrsm;tm; jiif;qef Sd d vduonf[k &Si[mowif;Xmeu azmfjy k f f G cJhonf/ w½kwEii½y&iXmeu a[mvd0'rS f kd f H k f S f k f ½ky&ium;rsm;udk vuf&Stcsewif wpfEpf f S f d df G S vQif 34 um;rS 44 um;txd wdk;í wifoi;f cGitm; cGifjh yKay;Edi&ef pOf;pm; G hf k f cJaMumif; od&onf/ tar&duefpwl',kd h D vkyfief;rsm;taejzifh w½kwfaps;uGuf wGif tajctaeaumif;rsm;&&S&eftwGuf d BudK;yrf;vmMuNyD; ½kyf&Sifxkwfvkyfa&; vkyfief;rsm;jzpfMuonfh Viacom Inc Paramount Picture ESifh Dream Works Animation, SKG Inc wdkY onf w½kwfEdkifiHrS o½kyfaqmifrsm;udk iSm;&rf;cJhum w½kwfvkyfief;&Sifrsm;ESifh yl;aygif;í ½ky&ixwvyrrsm;udk aqmif f S f k f k f I &Gu&ef BuKd ;yrf;cJonf/ f h India IT Sector Exports Seen Picking Up Pace in FY15 Swati Pandey E pected to rise 13-15 per- April, an industry lobby group said last week, as an improving global economy encourages banks and companies to boost spending on technology. are forecast to rise to as much $99 billion, according to the National Association of Software and Services Companies (Nasscom). The increase in growth rate compares with an estimated 13 “Clearly compared to what we saw in the industry 12 months ago to now, we are seeing a far more positive momentum in our major markets,” Nasscom Chairman Krishnakumar Nata- lobby added. ers. Last month, the International Monetary Fund raised its global economic growth forecast years. India’s biggest IT services Tata Consultancy Services, have forecast stronger growth for IT by their main customers in Europe and the United States. Vivek Prakash/Reuters Myanmar Summary Workers are pictured beneath clocks displaying time zones in various parts of the world at an outsourcing centre in Bangalore, India. tdE´d,EdkifiH owif;tcsuftvuf Y k enf;ynm outsourcing u@rS ydkuef rsm;onf vmrnfh {NyvwGif pwifrnfh D b@ma&;ESpfwGif 13 &mcdkifEIef;rS 15 &mcdiEe;f txd jrifwufvmEdi&ef arQmre;f kfI h kf fS xm;aMumif; od&onf/ urÇ m h p D ; yG m ;a&;tajctaewd k ; wuf aumif;rGefvmrIu bPfrsm;ESifh ukrÜPD rsm; enf;ynmu@wGif oHk;pGJrIrsm; tm; wdk;wufvmapcJonf/2014-2015 h b@ma&;ESpwif owif;tcsutvuf f G f enf;ynm0efaqmifrIydkYukefrsm;rS tar &duefa':vm 99 bDvD,Htxd &&Sd vm EdiaMumif; tdE,aqmhz0Eifh 0efaqmif k f d´ f J S rIukrÜPDrsm;toif;BuD; (Nasscom) ajymMum;csuft& od&onf/ 2014 b@ma&;ESpfwGif wdk;wufrI &mcdkifEIef;rSm 13 &mcdkifEIef;txd&Sdrnf[k cefYrSef;cJhonf/ vGefcJhonfh 12 vrS ,cktcsetxd tdE,Edii owif; df ´d k f H tcsuftvufenf;ynm outsourcing u@wGif awGUjrifcJh&onfhtcsufrsm; tm; Edi;f ,SOfMunfygu t"duaps;uGuf I h BuD;rsm;wGif tvm;tvmaumif;rsm; ydkrdk&SdvmEdkifonfudk awGUjrifEdkifaMumif; Nasscom rS Ouú|ESifh enf;ynm vkyfief;jzpfonfh Mindtree Ltd trIaqmifcsKyfjzpfol Krishnakumar Natarajan u owif;axmufrsm;tm; ajymMum;cJhonf/ tjynfjynfqi&maiGaMu;&efyaiGtzGUJ kd f kH u vmrnfEpEpwmumvtwGi;f urÇmh h S f S f pD;yGm;a&;zGHUNzdK;wdk;wufrIEIef;onf ydkrdk aumif;rGevmEdionf[k cefre;f oH;k oyf f k f Y S cJonf/ h
  16. 16. INTERNATIONAL BIZ 16 Myanmar Business Today February 20-26, 2014 mmbiztoday.com Barclays to Cut 12,000 Jobs, Pays Bigger Bonuses 7,000 jobs will go in Britain; Paid out 2.4 billion pounds in incentive awards last year Steve Slater and Matt Scuffham investment bank by 13 percent B That helped to lift Barclays’ compensation-to-income ratio to 43.2 percent last year from 40 percent in 2012. It said it was still aiming for a compensation ratio in the “mid-30s”. Jenkins defended the increases, saying Barclays had to compete with global rivals to recruit this year to cut costs and counter falling income at its inslumped last year. er bonuses, risking a backlash ers who bailed out much of the crisis. The bank said last week that 7,000 of the jobs will go in Brit- clean up standards and improve returns. The bank last year targeted £1.7 billion in annual cost savings. It said it paid £2.4 billion ($3.9 billion) in incentive awards last year after raising bonuses in its Toby Melville/Reuters The latest cuts are not concentrated in any single business area. kins, who took the helm in 2012 after an interest rate rigging scandal, is pulling Barclays out of some investment banking was having constructive talks with investors over pay. “We need to recruit people from Singapore to San Francisco. We need the best people in the bank to drive long-term sustainable returns for our shareholders,” Jenkins said. Reuters Myanmar Summary Barclays Plc ukefusp&dwfrsm;ESifh &if;ESD;jr§KyfESHrIbPf wGif 0ifaiGusqif;rIrsm;udk umrdap&ef ,ckEpwif tvkyorm;aygif; 12000 udk S f G f xkwy,fom;&zG,&aMumif; od&onf/ f G f Sd Barclays Plc &if;ES;jrK§ yErbPf D f HS I taejzif h vGefcJhonfhESpfwGif tjrwfaiG &&SdrI usqif;cJhaomaMumifh NAdwdef&Sd tvkyftudkifaygif; 7000 udk avQmhcs oGm;rnfjzpfNyD; tvkyfxkwfy,f&rnfh tvkyform;xuf0uftm; taMumif; Logos are seen outside a branch of Barclays bank in London. Mum;NyD;jzpfaMumif;vnf; tqdkygbPfrS ajymMum;cJhonf/ bPftm; ydrtqiftwef;jrifrm;vm k kd h h ap&efESifh 0ifaiG&&SdrIwdk;wufvmap&ef twGuf &if;ES;D jrK§ yErqi&mbPfvyief; f HS I kd f k f aqmif&GufcsuftcsKdUudk 2012 ckESpfwGif tBu;D tuJtjzpf wm0efpwifxrf;aqmif cJonfh trIaqmift&m&ScsKyf Anthony h d Jenkins u &yfwefYcJhaMumif; od& onf/ vGeconfEpwif bPf ukeusp&dwf f hJ h S f G f acRwmrIarQmfrSef;csufrm pwmvifaygif S 1.7 bDv,jH zpfaMumif;vnf; od&onf/ D odkYaomf ,if;bPfonf tydkqkaMu; rsm;udk rufarmp&maumif;avmufatmif ay;tyf a vh &S d N yD ; vGe f c hJ onf h ESpf wif G tydkqkaMu;tjzpf pwmvifaygif 2. 4 bDv,H (tar&duefa':vm 3.9 bDv,) D D H udkay;tyfcJhaMumif; od&onf/ ,cifESpfrsm;uvnf; tjrwfaiGrsm; bPfwGif tydkqkaMu;rsm;udk 13 &mcdkifEe;f txd wdk;jrifay;cJaMumif; od& I § h h onf/ Recovery Firms in Advanced Economies, Court Delays Istanbul Led By US, Japan Airport Project Leigh Thomas T he outlook for most advanced economies is improving, with recoveries in the United States and Japan latest monthly leading indicator showed last week. The Paris-based Organisation for Economic Cooperation and indicator covering 33 member countries had reached its highest level since February 2011 early signals of turning points in economic activity, rose to 100.9 Among the major economies, the United States’ reading improved to 101.0 from 100.9, reaching its highest level since nomic crisis triggered by the bursting of a sub-prime debt bubble. Japan saw its indicator move up to 101.4 from 101.3 in November, also hitting its highest as the central bank boosts the economy with unprecedented monetary stimulus. The crisis-weary euro zone was not left out, with its reading rising to 101.1 from 100.9, “a positive change in momentum”. ber from November at 101.3. The trend was less upbeat in the major emerging markets China’s reading stable at 99.3 and Russia’s indicator also unchanged at 99.7. India’s reading deteriorated slightly to 97.0 from 97.2 with economic activity below its said. Reuters Myanmar Summary zGUH Nzd K;NyD; Edkif iH r sm; pD; yGm;a&;½I jrif oHk;oyfcsufr sm;t& ,if;EdkifiHrsm; pD;yGm;a&;onf wdk;wufvmaMumif;ESifh tar&duefESifh *syefwdkY pD;yGm;a&;jyef vnfaumif;rGefvmjcif;u xdyfwef;rS OD;aqmifaeaMumif; OECD rS tcsuf tvufrsm;t& od&onf/ yJ&pftajcpduf pD;yGm;a&;yl;aygif;aqmif k &GufrIESifh zGUH NzdK;wdk;wufa&;tzGJUtpnf; BuD;jzpfonfh OECD rS ajymMum;csuf t& 2011 ckESpf azazmf0g&DvrSpí tzGUJ 0ifEiiaygif; 33 Ediionf pD;yGm; kd f H k f H wpf&yfudk 'DZifbmvwGif a&muf&SdcJh aMumif; od&onf/ *syefEdkifiHonfvnf; Edk0ifbmvwGif ñTef;udef;trSwf 101. rS 101. odkY 3 4 wd;k wufvmcJNh y;D urÇmb@ma&;tusyf h twnf;umvrSpí tjrifq;kH wd;k wufrI h wpfckwpf&yfjzpfaMumif; od&NyD; þodkY wdk;wufvmjcif;onf A[dbPf ay:vpD k rsm;aMumifhjzpfonf[k od&onf/ Ozge Ozbilgin A €22 billion ($30 billion) project to build a third airport in Istanbul will be delayed for at least 10 months after a Turkish court sought further investigation into its environmental impact, a group challenging the project said. A consortium of Turkish conning bid last May to build and operate the airport, which Turkey hopes will become one of the world’s largest by passenger numbers and is championed by Prime Minister Tayyip Erdogan. Ankara aims for it to be The state airports authority responded to the court ruling by saying the project was continuing as planned. But the head of Turkey’s Chamber of Environmental Engineers (CMO) said the Istanbul court had halted implementation of a positive environmental impact report, obligatory to obtaining the green light for such projects. “The court halted the implementation of the report pendwhich will mean it being suspended for a minimum period of 10 months to a year,” CMO Chairman Baran Bozoglu told Reuters. The State Airports Authority amounted to a temporary suspension. Myanmar Summary wl&uDEdkifiH tDpwefblvfwGif wnf aqmufrnfh ,l½dk 22 bDvD,H (tar&d uefa':vm 30 bDv,)wefzk;d &Sd wwd, D H ajrmufavqdyftm; wl&uDw&m;½Hk;u ,if;aqmufvya&;pDrue;f onf obm0 k f H d ywf0ef;usitay: tusKd;oufa&mufrI f rsm;jzpfay:rnfjzpfaomaMumifh aemuf
  17. 17. INTERNATIONAL BIZ 17 Myanmar Business Today February 20-26, 2014 mmbiztoday.com Israel Takes Step towards Becoming A Gas Exporter Australia’s Woodside buys 25 percent stake in Leviathan; Domestic production seen by 2017, exports to follow I srael has taken a step closer to becoming a come more likely. “There will be up to 9 trillion cubic feet of gas mains uncertain whether after Australia’s Woodside Petroleum Ltd signed a deal to take a 25 percent stake in the huge East Mediterranean Leviathan The Australian company, considered a leader or pipeline, Woodside’s involvement increases ing LNG scheme.” Analysts said the Levia- natural gas (LNG) sector, signed a preliminary agreement recently to buy a quarter of the Leviathan up to 720 million barrels, pected to begin in 2015. Pipeline Or LNG? The biggest question Albatross for up to $2.55 billion. Leviathan is estimated to hold about 19 trillion cubic feet (540 billion cubic metres) of natural gas, enough to supply all of Europe for over a year. oped by US-based Noble Energy Corp , which will remain the project’s lead partner with a 30 percent stake, while the other groups involved, Israel’s In this handout image provided by Albatross, The Tamar drilling natural gas production platform is seen some 25 kilometers West of the Ashkelon shore in February 2013 in Israel. “Woodside is one of the leading companies in the world in the ... development of LNG facilities. The company brings with for the Leviathan partner- sell one-quarter of their stakes to Woodside. Avner said in a statement. Woodside sees the Leviathan project as an im- portant part of its strategy to diversify outside of Australia. It is also considering projects in Myanmar and Ireland. analysts said Leviathan would initially serve Israel’s domestic market. “Leviathan will be initially developed as a do- mestic gas project with million cubic feet per day 2017,” Bernstein research said in a research note. Once domestic supplies are up and running, Bernstein said that Woodside’s involvement in the proin form of LNG would be- whether they will come in the form of a pipeline or LNG terminal. Israel has the option to build a pipeline to serve Europe’s large but stagnating gas market or to which would allow shipments to Asia’s markets, where prices are currently twice as high as in Europe. Contd. P 22... Myanmar Summary ta&SUajrxJyifv,f&Sd Leviathan obm0"mwf a iG U vk y f u G u f w G i f &S,f,m 25 &mcdkifEIef;ydkifqdkifcGifh oabmwlncsutm; MopaMw;vs D f Woodside Petroleum Ltd ESifh vufrwa&;xdk;cJNh yD;aemuf tpöa&; S f taejzifh obm0"mwfaiGUwifydkY oljzpfvm&eftwGuf ajcvSrf; aumif;wpfckudk avQmufvSrf;Edkif cJhNyDjzpfaMumif; od&onf/ wdk;wufzH UG NzKd ;vmaom obm0 "mwfaiGUu@wGif OD;aqmifae oltjzpf ,lq&zG,f&Sdaom Mop aMw;vsurPtaejzif h Leviathan kÜ D vkyfuGufwGif &S,f,m 25 &mcdkif EIef;tm; tar&duef a':vm 2. 55 bDv,jH zifh 0,f,l D &eftBudKoabmwlnruk d vufrwf DI S a&;xdk;cJhaMumif; od&onf/ Leviathan vkyuutaejzifh f G f obm0"mwfaiGUyrmP ukAay 19 x&DvD,H (ukArDwm 540 bDvD,H) txd&SdEdkifaMumif; cefY rSe;f xm;Ny;D xdyrmPonf Oa&my k EdkifiHrsm;twGuf wpfESpfausmf txd pGr;f tifaxmufyay;Edirnf hH k f jzpfonf/ ,if;obm0"mwfaiGU Contd. P 22...

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