7/4/2014 Singapoare Corruption vs Myanmar
အလုပ္ေလွ် ာက္ လႊာေတြ အမ်ားၾကီးေရာက္ လာမွာ ေသခ်ာပါတယ္ ။
Edmund Burke: “All it takes for evil to triumph is for good men to do nothing.”
No Wasting Public Money for Tax System & Development Project Management
Large Project Management
Recently, many Chinese companies got trust and dare to invest large projects in
Myanmar. Land lease cost, Electricity, Transportation, Communication, Insurance,
Audit ..such infrastructure badly need. Investors need to protect of their man,
machine, materials and money which are going to bring into Myanmar. Then, they
will make profits for long term business. Not short term.
Now, Telecommunication gients Telenor and Ooredoo got central government’s
contracts to do large development project for Myanmar. They will make profits from
mobile phone business. They have more transperacy work with Myanmar authorities
and cronies. Electricity prjects also need to do the same. In Vietnam, Thai 100%
IPP power contract given to world class companies to get cheaper electricity price.
Now, public lighting cost in Myanmar cities is cheap and aircon use will be high cost.
In Singapore is highest electricity price but a little usage will will be charged smaller
rate. Philippine electricity cost is higher than Singapore because of cronism.
Author “Kyaw Myo Tun” wrote a book of “Search Investors for Large Project”. It
mentioned that foreign company will come only if their investment is very sure
protected not olly by Myanmar government but also international gurantors. Example
USA, EU governments and MIGA Multilateral Investment Guarantee Agency (example
World Bank, IMF, JICA, EITI ..etc. ) . Myanmar tried to be member and endosed by
those organization. Those organization protect international investments from
unstable political situation. Myanmar is considered high risk for investment. Myanmar
became member of New York Convention, Panama Convention which has powerful
court to get compensation due to government failure of contract.