Myanmar Business Today - Vol 2, Issue 26


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Myanmar Business Today is Myanmar’s first and the only bilingual (English-Myanmar) business newspaper, distributed in both Myanmar and Thailand. MBT covers a range of news encompassing local business stories, special reports and in-depth analysis focusing on Myanmar’s nascent economy, investment and finance, business opportunities, foreign trade, property and real estate, automobile, among others. MBT also provides detailed coverage of regional (ASEAN) and international business stories. For more information please visit
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Myanmar Business Today - Vol 2, Issue 26

  1. 1. July 3-9, 2014 Myanmar Business Today July 3-9, 2014| Vol 2, Issue 26MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL Myanmar Summary Myanmar Summary Inside MBT GSPNegotiationswithUSin“FinalStage” T he Ministry of Commerce has announced nego- tiations with the United States regarding My- anmar’s GSP status are nearing the end. GSP, or Generalised System of Preferences, is a system where up to 5,000 products may be exported by a nation to the United States (in this case) duty-free, absolving them of entry duty fees. These negotiations come after the United States extended limited trade sanctions on My- anmar for another year, which includes a ban on doing business with indi- viduals and companies on the SDN list, as well as a ban on the importation of jadeite and rubies. “The sanction exten- sions were carried out according to their [USA] protocols, as set require- ments have not been met. GSP is a commerce-re- lated issue, and negotia- tions regarding that have reached the last stage,” U Toe Aung Myint, direc- tor of International Trade Promotion under the Htun Htun Minn Ministry of Commerce, said. The visit to Myanmar last month by United States Secretary of Com- merce Penny Pritzker saw agreements made for My- anmar to apply for GSP status as soon as possible. “The US Ambassador that the decision to grant ed by existing sanctions,” said U Toe Aung Myint. Myanmar currently has GSP status with 38 coun- tries, including 28 in the European Union. Advisor to the minister for commerce, Dr Maung Aung, said while it’s likely Myanmar will be granted GSP status, it will not be soon. Myanmar’s exports re- ceived GSP status in the past, however, it was withdrawn in July 1989 due to non-compliance of standard regulations. tar&duefEkdifiHrS Sanction (pD;yGm;a&;ydwfqkdYrI)wpfESpfxyfwkd; cJhaomfvnf; GSP (ukefoG,frI txl;tcGifhta&;)&&Sdatmif aqG; aEG;rIrSm aemufqkH;tqifhwGif a&muf&SdNyDjzpfaMumif; pD;yGm;a&; ESifhul;oef;a&mif;0,fa&;0efBuD; XmerS od&onf/ ]]Sanction wkd;w,fqkdwm olwkdY&JUvkyfxkH;vkyfenf;t& wpfESpfwpfBudrf olwkdYvkdcsifwJh Process rjynfh&if qufwkd;wm/ GSP qkdwmu ukefoG,frIeJYqkdif wmjzpfwJhtwGuf GSP uawmh olwkdYeJYaemufqkH;wpfqifh aqG;aEG; wJhtykdif;rSm&Sdaeygw,f}}[k pD;yGm; a&;ESifh ul;oef;a&mif;0,fa&; 0efBuD;Xme? ukefoG,frIjr§ifhwifa&; OD;pD;XmenTefMum;a&;rSL;csKyf OD;wkd;atmifjrifhu ajymonf/ xkdYtjyif ,cifvtwGif;u tar&duefukefoG,fa&;0efBuD; vma&mufcsdefaqG;aEG;cJhpOfuvnf; tqkdyg GSP tjrefqkH;&&SdEkdif &ef aqG;aEG;cJhonf/ ]]Sanction &SdaevkdY GSP vkH;0 ray;ygbl;qkdwmrsKd;awmhr[kwf ygbl;vkdY olwkdYqDu oHtrwfBuD; a&m?olwkdYqDu wm0ef&SdwJholawG a&m ajymygw,f}}[k OD;wkd;atmif jrifhu ajymonf/ vuf&Sd jrefrm EkdifiHonfOa&myor*¾EkdifiH28EkdifiH ESifhtjcm;EkdifiHrsm;tygt0if EkdifiH aygif; 34 EkdifiHrS GSP &&Sdxm; NyD;jzpfaMumif;pD;yGm;a&;ESifhul;oef; a&mif;0,fa&;0efBuD;tBuHay; a'gufwmarmifatmifu ajym onf/ Myeik Economic Zone Master Plan Proposed A plan for an eco- nomic zone in Myanmar’s South- eastern Tanintharyi re- gion has been submitted to the regional govern- ment, according to the Ministry of Electric Power and Industry of the re- gion. The Myeik Economic Zone will be privately owned and will include a harbour and adjoining in- dustrial zone, in addition to zones that will “stream- between the harbour and adjacent warehouses and businesses. “The implementation of the project is being led by young people and that’s why the regional- govern- ment is supporting it,” Dr Win Aung, Tanintha- ryi Regional Minister for Power and Industry, said. “We would’ve needed to apply to the Union Gov- ernment if this project was larger, but it is on the scale of a small-medium enterprise,” he added. The Myeik Future De- velopment Public Compa- May Soe San ny (MFDPC), which was set up in March, intends to start implementing the project within this year, however, they requested revisions to the existing master plan. The 1,000-acre project, which is to the east of Myeik Airport, will still require negotiations with local residents regard- ing compensation for the land required in the pro- vision of the master plan. “Previously 1,500 resi- dential plots were allo- cated but there were no market or public spaces included, except for one school. We asked that the plan be re-drawn as it had many issues,” U Aung Myo Lat, managing direc- tor of the (MFDPC), said. He said that although the company has received K100 billion for the pro- ject, and has invited other businesses to invest, it will take many years to complete. yk*¾vduydkiftaejzifh pwif taumiftxnfazmfaqmifoGm; rnfh pufrIZkefESifh qdyfurf;rsm; yg0ifonfh NrfdwfpD;yGm;a&;Zkeftm; Master Plan topfa&;qGJí weomF&Dwdkif;a'oBuD;tpdk;& xHodkY wifjyxm;aMumif; weoFm&D wdkif;a'oBuD;vQyfppfESifhpufrI 0efBuD;XmerS od&onf/ NrdwfpD;yGm;a&;ZHkpDrHudef;udk Nrdwf tem*wfzGHNzdK;wdk;wufa&;trsm; ydkifukrÜPDrS,ckESpftwGif;taumif Contd. P 9... The Missing Middle Ground: US Invest- ment Reporting Requirements P-3 Myanmar: Professional Skill Gaps, and Rising Wages P-4 Myanmar for The First Time Allows Registration of Secured Loan on A Local Asset P-7
  2. 2. July 3-9, 2014 Myanmar Business Today 2LOCAL BIZ MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL Board of Editors Editor-in-Chief - Sherpa Hossainy Email - Ph - 09 42 110 8150 Deputy Editor - Aundrea Montaño Email - Editor-in-Charge - Wai Linn Kyaw Email - Ph - 09 40 157 9090 Regional Editor - Tom Stayner International Editor - David Ross Reporters & Contributors Htun Htun Minn, May Soe San, Kyaw Min, Wai Linn Kyaw, Aye Myat, Aung Phyo, Zwe Wai, Phyo Thu, David Mayes, Sherpa Hossainy, Aundrea Montaño, Tom Stayner, David Ross Art & Design Zarni Min Naing (Circle) Email - Ph - 09 7310 5793 Ko Naing Email - Ph - 09 730 38114 DTP May Su Hlaing Translators Wai Linn Kyaw, Phyu Maung, Bone Pyae Sone, Aye Chan Wynn Advertising Seint Seint Aye, Moe Hsann Pann, Htet Wai Yan, Zin Wai Oo, Nay Lin Htike Advertising Hotline - 09 420 237 625, 09 4211 567 05, 09 31 450 345, 09 250 411 911, 09 2500 18646 Email - Managing Director Prasert Lekavanichkajorn 09421149720 Publisher U Myo Oo (04622) No. 1A-3, Myintha 11th Street, South Okkalapa Township, Yangon. Tel: 951-850 0763, Fax: 951-8603288 ext: 007 Shwe Naing Ngan Printing (04193) Printing Subscription & Circulation Aung Khin Sint - 09 20 435 59 Nilar Myint - 09 4210 855 11 Khaing Zaw Hnin - 09 4211 30133 BusinessNewsinBrief MEP calls gas turbine tender The Ministry of Electric Power has invited foreign and local investors to submit proposal for renting gas engine or gas turbine generator at Kyaukphyu in Ra- khine state, a ministry announcement said. Natural gas gas. The deadline for submission of technical and com- mercial terms of the proposal is 15 July. holder Yoma Strategic Holdings said it has received a written of the land in Pun Hlaing Golf Estate (PHGE), accord- ing to Singaporean media reports. The 250 acres of land comprises a 222-acre golf course and country club and 27.5 acres of land development rights, alongside some related businesses infrastructure and facilities. Yoma estimates the land value of 100 percent of PHGE and the related businesses, infrastructure and facilities to intends to undertake a rights issue to fund the transac- tion. nomic growth The Myanmar Ministry of Finance will shape a capi- tal market in the country after joining the Financial Services Agency (FSA) and the Japan International Agency (JICA), state-run media reported. The develop- ment of capital markets depends on the Yangon Stock Exchange, which is expected to come into practice in 2015, Deputy Minister of Finance Dr Maung Maung Thein said. Tatsushi Terada, deputy secretary general of Financial Services Agency, pledged Japan will share its experience on stock exchange with Myanmar so that the country can boost its economy through capital mar- kets. Myanmar, Singapore JV to build Thilawa jetty build a jetty and petrol storage tanks at Thilawa port in Yangon. Singapore-based Puma Energy Irrawaddy company, Puma Energy Asia Sun, for the project under a build, operate and transfer agreement with the gov- ernment. plant project American machinery manufacturer Caterpillar Inc is assisting in a project that will help meet Myanmar’s in- creasing power demand, with the 52MW Ywama Power lion facility entered commercial operations in Febru- ary, and was delivered on a turnkey basis by Caterpillar Energy Solutions’ local dealer, Myan Shwe Pyi Tractors Ltd (MSP CAT). Caterpillar delivered turnkey power plant supply, project management and commission- erator with complete electrical and mechanical balance of the plant equipment. MSP CAT is also supplying a long-term operation and maintenance contract for Singapore-based UPP Power Ltd the owner of the site. The power plant is delivering electricity to the Myan- mar Electric Power Enterprise (MEPE) under a 30 year contract. WongP sets up Myanmar unit, builds ASEAN presence WongPartnership has become the latest Singaporean es a regional strategy. WongPartnership has opened a base in Yangon, its second in the ASEAN region. The from Singapore. WongPartnership’s co-managing part- growth in the ASEAN region. “Myanmar has been a hot spot for foreign investments, and we’ve been advising a growing number of transactions and projects,” said Star Beverage on its joint venture with South Korea’s Group in its Yangon hotel development joint venture and assisted Amara Communications in its bid for a public telecommunications licence as part of a consor- tium. Myanmar Summary vQyfppf pGrf;tm;0efBuD;Xmeonf &cdkifjynfe,f? ausmufjzLNrdKUwGif "mwfaiGU tif*sif odkYr[kwf "mwfaiGUwmbkdiftif*sifiSm;&rf;&eftwG uf jynf wGif;jynfy&if;ESD;jr§KyfESHolrsm;tm; wif'gac:,lxm;NyD; enf;ynmESifh pD;yGm;a&;tqdkvTmrsm;wifoGif;&rnfh aemufqHk;&ufrSm Zlvdkifv 15 &ufaeYjzpfonf/ ½dk;rukrÜPDvDrdwufonf jrefrm Serge Pun & Associates xHrS yef;vIdifa*gufuGif;tdrf,m 70 &mcdkifEIef;twGuf pD;yGm;a&;tusKd; tjrwfudk&,l&ef pmydkYurf;vSrf;vmrIudk vufcH&&Sdxm;aMumif; od& onf/ yef;vIdiftdrf&m 100 &mcdkifEIef;ESifh qufpyfvkyfief;? tajccH taqmufttHkESifh0efaqmifrIXmersm;wefzdk;rSm a':vm oef; 100 &Sdrnf[k ½dk;ru cefYrSef;xm;onf/
  3. 3. July 3-9, 2014 Myanmar Business Today 3LOCAL BIZ Myanmar Summary US Gov’t Needs to Clarify Its Investment Reporting Requirements A merican business- es had until the end of the June to the US government de- tailing their investment activities in Myanmar. Under General License 17 (GL 17), US businesses engaging in new invest- ment in Myanmar must report their investment activities to comply with the Reporting Require- ments on Responsible In- vestment in Burma. Any US person investing more than $500,000 in Myan- mar, or investing in the oil and gas sector, is required to submit a report. On her recent commer- cial diplomacy mission to ASEAN, US Secretary of Commerce Penny Pritz- ker celebrated the grow- ing relationship between Myanmar and the United States and encouraged American companies to consider Myanmar as a destination for invest- ment. Often viewed as the gold standard for in- vestment, American com- panies not only produce high quality products and services, but are also known to institute vigor- ous standards in terms of sustainability, corporate social responsibility, and respect for human rights – helping to facilitate broad-based economic growth and prosperity. According to the US Em- bassy’s website, American companies have invested billion) in Myanmar and have planned or already implemented dozens of Aundrea Montaño corporate social responsi- bility programs. In order to reconcile American business’ in- creasing interest in My- anmar with the country’s rocky past, the United States government insti- tuted the reporting re- quirements as a means to maintain this gold stand- ard and encourage re- sponsible investment. The reporting require- ments have been met with mixed responses from both the business com- munity and human rights organizations. On the business side The added duty of the reporting requirements is made more complex with business environment, which makes account- ing for every operational component – if we are honest – nearly impos- sible, and in many ways erodes the competitive- ness of US companies. Some businesses also fear becoming a target of unwarranted scrutiny that could damage glob- al brand identity, while others feel the reporting requirements do not rep- and level of investment. Anthony Nelson, direc- tor of public relations at the US-ASEAN Business Council said, “US com- panies view responsible investment and the per- formance of CSR as part of our competitive ad- vantage. US business is committed to investing in Myanmar the right way, but the reporting require- ments add an additional layer of bureaucratic and legal complexity to US investment in Myanmar, that taken along with re- maining sanctions and give a head start to com- petitors. We encourage the US government to continue clarifying the re- quirements. ” While the requirements are meant to address key foreign policy concerns in Myanmar in regards to hu- man rights and responsible investment, and even as- sist US companies in plan- ning strategic engagement and due diligence policies, they are not a “catch all” re- porting mechanism. In early June, the US Campaign for Burma re- leased its Report Card: US Companies Investing in Burma. Coca-Cola was the shining star of the re- port, and it makes sense given the company’s in- ternal infrastructure de- veloped over decades of working in high-risk countries around the world. With physical op- erations and distribution in Myanmar, Coca-Cola’s investment in the country is clear and transparent – a true representation of American business. However, not every type of investment in Myan- mar is as clear and clean cut, and may pose a chal- lenge to the reporting requirements in its cur- rent form – presenting American companies. In the same report, Cap- ital Group was labeled an “irresponsible investor,” and cited by the report as refusing to “answer es- sential questions about human rights due dili- gence policies and proce- dures,” and that “it has no responsibility to answer because its investments are ‘passive’.” When asked about how the State Department deals with incomplete, inaccurate or potentially troubling information in submitted reports, Pub- Sardar at the US Embassy in Yangon, did not want to speculate on hypothetical situations, but did note, “The reports posted thus far have adhered to the instructions laid out in our FAQs.” The FAQs re- fer to the frequently asked questions found at www., which also states the reporting requirements).” According to its pub- this year, Capital Group is a minority investor (less than 1 percent) in Yoma Strategic Holdings Ltd – a conglomerate incor- porated in Singapore and traded on the Singapore Stock Exchange – and posses no controlling stake in the company, nor does itself have opera- tions or a supply chain in Myanmar. The US report- ing requirements do not address how to deal with such passive investments – an emerging limitation in a process meant for good – that could result in the misinterpretation of a company’s investment intensions. Even though Capital Group has been labeled an “irresponsible investor,” they have fully complied with US law per GL 17 and the Responsi- ble Investment Reporting Requirements. On the human rights side Rights groups view transparency in US in- vestment as the para- mount concern. Ad- vocates look at the US reporting requirements as zero-sum, which re- sire for Capital Group to dig deeper. Rights group’s have a legitimate desire to present a transparent view of American invest- ment in Myanmar so that civil society can play an active role in the coun- try’s economic develop- ment. As such, human rights groups want the re- porting requirements to go further to account for every possible scenario. However, at this point and time there exists no middle ground that ac- counts for every invest- ment scenario. ing requirements In order for the report- ing requirements to be value, the United States government needs to ad- dress how to make the process less onerous, while maintaining high standards, and work to clarify the requirements on how to deal with indi- rect investment. First, the US govern- ment must seek input from companies interest- ed in entering the coun- try, but remain hesitant. This input, combined with information ob- tained in current investor reports, can help guide US American companies and human rights stakehold- ers. A balanced approach that addresses the needs of both the business com- munity and human rights organisations should be the goal. While seemingly incompatible, we must mon ground, understand- ing that no one group will get 100 percent of every- thing they want – it’s just the reality. how to report passive in- vestment should be intro- duced in the near term. Reporting standards for passive investment could be determined by the de- gree of stakeholder con- trol, an investor’s ability sions and operations, and the percentage of a busi- ness’ operations that are physically in Myanmar. If the United States wants to encourage in- vestment in Myanmar, then clarifying the report- ing requirements sooner than later will help make this goal a reality – pro- viding strategic economic advantage to both Myan- mar and the US. jrefrmEdkifiH&Sdtar&duefvkyfief; rsm;onf tar&duefjynfaxmifpk tpkd;&xH ZGefvrukefrD ESpfywf vnftpD&ifcHpmwifoGif;&rnf jzpfonf/ taxGaxGvdkifpif 17 (GL 17) t& jrefrmwGif&if;ESD;jr§KyfESHrI topfrsm;jyKvkyfaeaom tar &duefvkyfief;rsm;taejzifh wm0ef ,lrI&Sdaom &if;ESD;jr§KyfESHrIqdkif&m wifjyrIvdktyfcsufrsm;ESifhnDñGwf &Gufcsufrsm;udk wifjy&rnfjzpf onf/jrefrmwGifa':vm500ç000 yrmPxufydkí&if;ESD;jr§KyfESHolrsm; odkYr[kwf a&eHESifh "mwfaiGUu@ rsm;wGif &if;ESD;jr§KyfESHolrsm;tae jzifh tpD&ifcHpmwifoGif;&rnfjzpf onf/ tmqD,HodkY oHwrefa&;t& vma&mufpOf tar&duefpD;yGm; a&;0efBuD;yefeDy&pfumu jrefrm ESifhtar&duefjynfaxmifpktMum; &Sd qufqHa&;aumif;rGefzGHUNzdK;vm jcif;udk trTrf;wifcJhNyD; tar&d uefukrÜPDrsm;taejzifh jrefrm EdkifiHtm; &if;ESD;jr§KyfESHrIOD;wnf csuftjzpf pOf;pm;&ef wdkufwGef;cJh onf/a&Ttqifh&if;ESD;jr§KyfESHrIrsm; [k rMumcP½IjrifcH&aom tar &duefukrÜPDrsm;onf t&nf taoG;jrifhypönf;rsm;xkwfvkyf½Hk omru a&&SnfwnfwHhxdef;odrf; rI? vkyfief;BuD;qdkif&m vlrIa&; wm0ef,lrIESifh vltcGifhta&; vdkufemjcif;wdkYwGifvnf; wif; MuyfaompHEIef;rsm;xm;&Sdonf[k vlodrsm;onf/ “ In order for the reporting require- ments to be effective and retain their value, the United States gov- ernment needs to address how to make the process less onerous, while maintaining high standards, and work to clarify the requirements on how to deal with indirect investment.” A man working in the Coca-Cola bottling plant near Yangon. Coca-Cola is among dozens of American companies investing in Myanmar.Coca-Cola came out as a responsible investor in the US Campaign for Burma’s recently released report “Report Card: US Companies Investing in Burma”. It makes sense given the company’s internal infrastructure developed over decades of working in high-risk countries around the world. However, not every type of investment in Myanmar is as clear and clean cut, and may American companies. LynnBoBo/EPA
  4. 4. July 3-9, 2014 Myanmar Business Today LOCAL BIZ 4 Myanmar Summary Myanmar:ProfessionalSkillGaps,andRisingWages W ith the relative- ly rapid open- ing of Myanmar to the international econ- omy following the coun- try’s 2011 liberalisation, the domestic and interna- tional business communi- ties in that country has oft been trumpeted. However, there are of course notable side-ef- fects to this change that are, for the people of Myanmar, more harmful than not. In particular, one of these addresses panies to trained profes- the Myanmar job market. As with any country that the outside world, the so- cialist regime of General Ne Win and the subse- quent SLORC adminis- tration did more than de- stroy hints of democracy and rule of law in Myan- mar. Rather, they reduced Yangon (then Rangoon) from a shining beacon of educational excellence in Southeast Asia, to a literal backwater. In established disci- plines, the people of My- anmar were no longer learning at the same level as their regional or inter- national counterparts, programming there was Gregory Arnold virtually no education available. The results when Myanmar opened up in 2011, its own do- mestic workforce could not match the skills or abilities of those people (either from Myanmar or foreign) who had studied abroad. Companies proceeded, and have continued, to re- ries for more-skilled em- ployees. And while this is a logical trend, it ignores that the educational sys- tem of Myanmar, while improving, will continue to lag behind the needs for talented employees for quite some time. As such, the responsi- bility ultimately falls on the company, with no real cheap options available. While Myanmar employ- ees may be willing to work for less than their foreign colleagues, said company must then be willing and able to train these individ- uals, which costs time, if not money. Similarly, there are likely very few foreign professionals willing to work for wages that Myan- more acceptable. Ultimately, until the education system of My- anmar reaches a level where it can compete with the neighbouring ASEAN states, let alone on a glob- al level, the main source of skilled labor in the ser- vice sector will come from a number of sources. First, as has been seen so vibrantly in the current Yangon business commu- nity, the number of My- anmar citizens who have returned from abroad. From Singapore to the United States, the Myan- mar diaspora has proven to be willing and able to take what they’ve learned abroad to aid the country of their birth. Similarly, there are siza- ble expatriate groups that have sought to provide international skills to the Myanmar business and economic communities. As an example, the inter- national student business AIESEC provides compa- nies access to young pro- fessionals from over 125 have the ability to not only meet the needs of the Myanmar business world, but also to impart these skills upon local employ- ees. Gregory Arnold is a re- cent graduate of George Washington University. He is currently serving as the Sales Director for AIESEC Myanmar. jrefrmEdkifiHwGif 2011 ckESpf ajzavQmhrIrsm;jyKvkyfNyD;aemuf EdkifiHwumpD;yGm;a&;twGif;odkY tweftoifh vsifjrefpGm wHcg;zGifh 0ifa&mufvmrIESifhtwl jynfwGif; ESifhjynfypD;yGm;a&;todkuft0ef; tusKd;tjrwfrsm;taMumif; u s , f a v m i f p G m a j ym q d k vmMuonf/ odkY&mwGif ajymif;vJrIaMumifh ab;xGufqdk;usKd;rsm;vnf;&SdNyD; jrefrmjynfolrsm;twGuf qdk;usKd; u ydkírsm;onf/ txl;ojzifh uRrf;usifynm&Sifrsm;tm; csD;jr§ifh aomvpmESifhjrefrmhtvkyftudkif aps;uGuftay: oufa&mufrI rsm;ESifhywfoufíjzpfonf/ jyifyurÇmESifh tqufjzwfxm; aomEdkifiHrsm;enf;wl Adkvf csKyfae0if;rqvtpdk;& onf wdkif;jynfwGif'Drdkua&pD ESifh w &m;Oya'pdk;rdk;a&;udk zsufqD; ½Hkomru ydkíqdk;&Gm;pGmxdcdkufap ta&SUawmiftm&S ynma&; rD;½SL;wefaqmiftjzpfrS acwf aemufususefcJhaomae&mt jzpf odkY edrfhcscJhonf/ w&m;0ifoifMum;aeaom ynm&yfrsm;wGifjrefrmjynfolrsm; oifMum;&onfrSm a'owGif; odkYr[kwfEdkifiHwumESifh,SOfvQif edrfhusaeNyD; IT uJhodkYaomu@ rsm;wGif oifMum;ydkYcsrIrsm; r&Sd oavmufyifjzpfonf/tusKd; quftjzpf jrefrmEdkifiH 2011 ckESpfwGif yGifhvif;vmonfhtcsdef wGif jynfwGif;vkyfom;rsm;rSm jynfywGif ynmoifMum;vmol rsm; (jrefrm odkYr[kwf EdkifiHjcm; om;) ESifh uRrf;usifrIESifh t&nf tcsif;rsm;wGif ,SOfEdkifjcif;r&Sd awmhay/ ukrÜPDrsm;uvnf; ydkíuRrf; usifaomvkyfom;rsm;tm; rsm;pGm jrifhrm;aomvpmrsm;ay;jcif;jzifh þtcsuftay:wHkUjyefMu onf/ þodkYaqmif&Gufjcif; rSm usKd;aMumif;qDavsmfaomf vnf; jrefrmEdkifiHwGifynma&; aemufus usefcJhaomaMumifh t &nftaoG; jynfhvkyfom;rsm;ay: xGufEdkif&ef tcsdef,l&rnfqkdonf udkvpfvsL ½Ixm;onf/ xdkYaMumifh ukrÜPDrsm;tay: wm0efrsm;usa&mufvmNyD; jrefrmvkyfom;rsm;taejzifh EdkifiHjcm;om;rsm;xufenf;aom vpmjzifhvkyf&efqE´&Sdaomfvnf; ukrÜPDrsm;taejzifh aiGr[kwf vQifaomfrS tcsdefukefcHí xdk vkyfom;rsm; avhusifhoifMum; ay;&ef qE´&SdzdkYvdkrnfjzpfonf/ tqHk;pGeftm;jzifhjrefrmEdkifiH ynma&;tajctaerSm urÇmh tqifhr[kwfao;bJ tdrfeD;csif; tmqD,HEdkifiHrsm;tqifhudk rrD rcsif; uRrf;usifvkyfom;ae&m twGuf t&if;tjrpfrSm ae&mpHk rS ,lae&OD;rnfjzpfonf/ EdkifiHjcm;rS jrefrmrsm; jyefa&muf vmjcif;uvnf; &efukefpD;yGm; a&;todkif;t0dkif;wGif wuf<u zG,f&mtjzpf ½IjrifcH&onf/ pifumylrStar&duefjynfaxmifpk txd EdkifiHjcm;wdkif;jynfrsm;rS jrefrmrsm;rSm jynfywGifoif,lcJh onfrsm;jzifh arG;&yfajrwGifjyef vnftoHk;csvdkaMumif; oufojy aeMuonf/ xdkenf;wl jrefrmpD;yGm;a&; todkif;t0dkif;wGif EdkifiHwum t&nftaoG;rsm;jznfhqnf;ay; &efBudK;yrf;aeonfhjynfyrSvm a&mufolta&twGufvnf; awmifhwif;onf/ Oyrmtm;jzifh EdkifiHwumausmif;om;vkyfief; AIESEC onf ukrÜPDrsm;tm; EdkifiH 125 ckausmf&Sd i,f&G,f aomuRrf;usifynm&Sifrsm;ESifh csdwfqufay;aeNyD; xdkxJrS trsm; tjym;rSm jrefrmpD;yGm;a&;vkyfief; rsm; vdktyfcsufudk jznfhqnf; avhusifhoifMum;ay;onf/ Students attend an Android OS course in the Myanmar ICT Park in Yangon. SoeZeyaTun/Reuters
  5. 5. July 3-9, 2014 Myanmar Business Today LOCAL BIZ 5 Commercial Tax Cut Necessary to Protect Local Businesses: IRD T he Internal Rev- enue Department (IRD) said a com- mercial tax cut is essential despite criticism from for- eign tax analysts that the initiative is overprotective of local businesses. Commercial tax is a monetary levy, paid to the government indirectly by consumers, on the sale of locally manufactured goods and services. The government low- ered the commercial tax year – cutting it from the in previous years. Since President U Thein Sein came to power in 2011 his government has introduced sweeping eco- nomic and political re- forms, opening the coun- try up to foreign trade and investment. May Soe San IRD Director U Tin Tun Naing said the country’s commercial tax reforms have been critical to help- ing local businesses com- foreign businesses enter- ing the country. “Cutting commercial tax for domestic prod- ucts, while imposing 5 percent commercial tax on imported goods, helps maintain the demand for locally produced goods and services,” he said. U Tin Tun Naing said items, the tax is imposed on all locally manufac- tured products through- out Myanmar. “It doesn’t matter where these products are pro- duced, whether in an in- if the manufacturing business is registered as a state-owned or a public business the tax applies,” he told Myanmar Busi- ness Today. Emergent Services CEO and economist U Myint Thaung said the country’s commercial tax cut ben- means consumers have to pay less for products. “By decreasing the price of local goods and servic- es consumers are encour- aged to choose locally manufactured products over more expensive for- eign imports,” he said. Currently, tax revenue in Myanmar comes from commercial tax, income tax, stamp tax and lottery tax. U Myat Thin Aung, chairman of Hlaing Thar Yar Industrial Zone, said despite the loss of income from commercial tax cuts, state revenue is being supported by other sourc- es of revenue. According to the IRD, cluded in the commercial tax cut include tobacco, betel, beer, teak, logs, gem, car, fuel and natural gas, among others. Myanmar Summary txl;ukefpnf 16 rsKd;rSvGJí usefaomxkwfukefrsm;tm; ukef oG,fcGef2 &mcdkifEIef;txd avQmhcs ay;rnfjzpfaMumif; jynfwGif; tcGefrsm;OD;pD;XmerS owif;&&Sd onf/ ]]txl;ukefpnf 16 rsKd;uvGJ &if tm;vHk;aomukefpnfawGudk b,fae&mrSmyJxkwfvkyf xkwf vkyf? pufrIZkeftwGif;rSmaomf vnf;aumif;? jyifyrSmaomf vnf;aumif;? jynfwGif;rS pepf wus rSwfyHkwifxm;&Sdr,f?wdkif; &if;om;vkyfief;&SifwpfOD; (odkY) trsm;ydkifqdkifxm;aomvkyfief; vnf;jzpfr,fqdk&if 2 &mcdkifEIef; yJukefoG,fvkyfief;cGefusoifhr,f}} [k jynfwGif;tcGefrsm;OD;pD;Xme? ukrÜPDrsm;qdkif&mtcGef½Hk;rS ñTef Mum;a&;rSL; OD;wifxGef;Edkifu ajymonf/ ukefoG,fvkyfief;cGefavQmhcs ay;jcif;rSm ,ckb@mESpfwGif pwiftusKH;0ifrnfjzpfNyD; ,cif ESpfrsm;wGif jynfwGif;rSxkwfvkyf aom ukefpnfrsm;tm; ukefoG,f vkyfief;cGef 5 &mckdifEIef;txd aumufcHcJhonf/jynfyEdkifiHrsm; rStcGefOya'avhvmolynm&Sif rsm;u jynfwGif;xkwfukefpnf rsm;tay: tcGefavQmhcsay;NyD;? jynfyrSwifoGif;vmaomukefpnf rsm;tay: ukefoG,fvkyfief;cGef 5 &mcdkifEIef;pnf;Muyfaejcif;rSm jynfwGif;pD;yGm;a&;udk tvGef umuG,fonfhtajctaersKd;jzpf aeonf[k a0zefrIrsm;vnf;&Sd ukefoG,fvkyfief;cGefqdkonfrSm oG,f0dkufcGeftrsKd;tpm;xJwGif yg0ifNyD;pm;oHk;olrSay;aqmif& aomtcGeftrsKd;tpm;jzpfonf/ ,if;uJhodkYtcGefaumufcHrIrsm; rSm EdkifiHwumwGifvnf; us,fjyefY ajymonf/ ukefoG,fvkyfief;cGefavQmhcs ay;onfhtxJwGif ryg0ifonfh txl;ukefpnf 16 rsKd;rSm pD;u &uf? aq;&GufBuD;? Am*sD;eD;,m; aygif;wifNyD;aq;? aq;ayghvdyf? aq;jyif;vdyf? aq;wHaomuf aq;rsm;? uGrf;pm;aq;trsKd;rsKd;? t&uftrsKd;rsKd;? bD,mtrsKd;rsKd;? uRef;?opfrm? opfvHk;ESifh tajccH tqifhom cGJpdwfxm;aomopfcGJ om;rsm;? ausmufpdrf;? ywåjrm;? eDvm? jr? pdefESifh tjcm;tzdk;wef ausmufrsuf&wemt½dkif;xnf rsm;? tacsmxnfrsm;ESifh vuf0wf &wemrsm;? 1800 CC txuf Aifum;rsm;? qvGef;? qD'ifESifh 0uf*Gef;um;rsm;? ulay (Coupe) um;rsm;? "mwfqD? 'DZ,fqD?*suf av,mOfqDESifhobm0"mwfaiGU wdkYjzpfaMumif; jynfwGif;tcGefrsm; OD;pD;XmerS od&onf/ Myanmar Summary ChinIndustrialZonestoGoLive byFY’14;SettoBoostSMEs May Soe San I ndustrial zone devel- opment projects in Chin state’s Hakha and Tedim are expected to be completed by the started in April, a minis- ter said. The projects are aimed at supporting the devel- opment of small and me- dium enterprises (SME) in Myanmar’s impover- ished Chin state, U Ram Mann, Chin state minister for planning and econo- my, told Myanmar Busi- ness Today. “The projects will priori- tise businesses relating to automobile, and the elec- tricity for these industrial zones will be supplied through the national grid in Hakha,” the minister said. “Land negotiations are currently under way for the industrial zone pro- ject in Hakha, which will have an area of at least 25 acres,” U Kyin Hlyan Paung, Chin state minis- ter for electricity and in- csif;jynfe,f&Sd[m;cg;ESifhwD;wdef NrdKUwdkYwGif pufrIZkefpDrHudef;udk dustry, said. The projects will be ini- tiated with small enter- prises and required fa- cilities will be developed added. A 20-acre industrial zone project is also be- ing developed in Tedim, which will become the Chin state and is expected to create employment op- portunities for the state’s citizens. U Salai Kyam, secretary of Chin National Demo- sharing is an important element when a special economic or industrial zone is being developed. “The zones should be developed according to international standards while socio-economic standards should also be considered.” Contd. P 11...
  6. 6. July 3-9, 2014 Myanmar Business Today LOCAL BIZ 6 Myanmar Summary C entral Bank Deputy Governor Daw Khin Saw Oo said the government’s newly pro- posed bill on monetary policy will help curb ris- the country. On June 20, Upper House representative My- int Kyi made the propo- sition to introduce more government policies to tackle Myanmar’s grow- Since President U Thein Sein came to power, the country’s sweeping eco- nomic and political re- forms have helped My- anmar’s economy rapidly expand. However, the increase - eign investments coming into the country have also undercut the value of My- anmar’s currency. In June, the IMF re- leased a report estimat- year, ending March 2015. The IMF’s Myanmar mission chief, Matt Davies, said without re- forms to the country’s monetary policy, the high - dermine Myanmar’s fu- ture economic growth. “Fiscal and external Tom Stayner demand-side pressures - stillinfant macroeconom- ic management tools,” Matt Davies said. New government poli- cies targeting this con- cern include work with the World Bank to man- age Myanmar’s budget and engagement with pri- vate banks to protect the country’s monetary re- serves, Khin Saw Oo told reporters. Khin Saw Oo said al- already in place to man- problem, the majority of parliament members voted that more monetary policy is needed. April 2014, from 5.53 percent and 1.48 per- cent respectively in the same months in 2013 and 2012,” Khin Saw Oo said. Over 90 government members supported the bill, while only 10 parlia- ment members vetoed the proposal. The Myanmar Kyat’s value has stabilised in recent months but the increase of foreign banks into Myanmar could see international capital drive down consumer interest in the currency. Davies said Myanmar’s macroeconomic manage- to address the country’s Parliament’s agreement on the monetary policy bill shows authorities are taking action to manage concerns. However, the IMF warned continual im- provements to macroeco- nomic policy are needed to protect Myanmar from “Ensuring this growth is sustainable and in- clusive requires deci- sive implementation of a broad range of policies and structural reforms,” Davies said. The current exchange rate of Kyat and the US dollar is approximately $1 to K975. The Central Bank of Myanmar adopted a man- exchange rate in April 2012, setting a daily rate of K818 per dollar, near the black-market level at that time. pegged to the International Monetary Fund’s special 125 times stronger than the black market and available only to state-owned com- panies. tpdk;&u vwfwavmtqdkjyK cJhonfh aiGaMu;rl0g'topfonf jrefrmjynfwGifvwfwavmjzpfyGm; vsuf&Sdonf/aiGaMu;azmif;yGrI rsm;udk xdef;csKyf&mü ulnDEdkifvdrfh rnf[k A[dkbPf'kwd,Ouú| a':cifapmOD;u ajymcJhonf/ vGefcJhonfhZGefv 20 &ufaeYu jynfolUvTwfawmfudk,fpm;vS,f OD;jrifhMunfu jrefrmEdkifiHwGif BuHKawGUae&onfhb@ma&;jyóem rsm;udk udkifwG,fxdef;csKyfEdkif&ef twGuf rl0g'wpfck csrSwfEdkif&ef tqdkwifoGif;cJhonf/ EdkifiHawmfor®wOD;odef;pdef tmPm&&SdcJhNyD;aemufydkif; EdkifiH EdkifiHa&;ESihfpD;yGm;a&;jyKjyif ajymif;vJrIrsm;aMumifh EdkifiH pD;yGm;a&;rSmwpf[kefxdk;wdk;wuf vmcJhonf/ odkYaomf jynfy&if;ESD; jr§KyfEHSrIrsm;trsm;tjym;0ifa&muf vmonfESifhtrQ jynfwGif;aiG aMu;aps;EIef;rSmvnf; azmif;yG vmcJhonf/ IMF xkwfjyefcJhaomtpD &ifcHpmcefYrSef;csuft& 2015 ckESpf rwfvtxd aiGaMu;azmif;yG rIEIef;u 6 'or 5 &mcdkifEIef; txd&SdaeaMumif; od&onf/ IMF jrefrmEdkifiHtBuD;tuJ Matt Davids uvnf; jrefrm EdkifiHaiGaMu;qdkkif&m rl0g'rsm; udk ajymif;vJrIrjyKvkyfygu vuf&Sd jzpfay:aeaom jrifhrm;onfhaiG aMu;azmif;yGrIonf wdkif;jynf pD;yGm;a&;udk xdcdkufapvdrfhrnf[k ajymcJhonf/ aiGaMu;azmif;yGrIEIef;onf 2012 ckESpfESifh 2013 ckESpfwdkY wGif 5 'or 53 &mcdkifEIef;ESifh 1 'or 48 &mcdkifEIef;om&SdcJh aomfvnf; 2014 ckESpf {NyDv wGif 5 'or 76 &mcdkifEIef; jrifhwufvmcJhonf/ vTwfawmfwGif wifjycJhonfh tqdkygaiGaMu;rl0g'ajymif;vJjcif; qdkif&mOya'Murf;tm;vTwfawmf udk,fpm;vS,f 90 &mcdkifEIef;u axmufcHvmcJhNyD; 10 &mcdkifEIef; cefYuom uefYuGufcJhonf/ jrefrmusyfaiGwefzdk;onf vGefcJh onfhvrsm;twGif; wnfNidrfcJh aomfvnf; EdkifiHjcm;bPfrsm; jrefrmEdkifiHodkY 0ifa&mufcJhNyD; aemufydkif; aps;uGufwnfNidrfrI r&SdawmhbJaiGaMu;azmif;yGrI EIef; jyefvnfjrifhwufcJhonf/ 2014 Tourist Receipts Expected to Top $1 Billion M yanmar’s tour- ism industry is expected to earn more than $1 billion this year, said U Thet Naign Toe, vice chairman of the Union of Myanmar Travel Association (UMTA). In 2012 and 2013, in- come from tourism re- ceipts were $534 million - tively, according to sta- tistics published by the Ministry of Hotel and Tourism. Between January and May of this year, Myan- mar’s tourism industry brought in more than $552 million with more than 1.05 million tourists visiting the country last year. This year, Myanmar ex- Kyaw Min pects more than 3 million tourist arrivals, U Tin Tun Aung, secretary of UMTA said. Arrivals from China and Japan make up the majority of tourists from Asia, while arrivals from France, Spain and Brit- ain make up the largest number of tourists from Europe. Tourist arriv- als from Thailand have slowed this year. “Myanmar’s tourism in- dustry is going to contin- the hotel and service sec- tor for tourists needs to be upgraded. Only then will more tourists visit Myan- mar,” he continued. According to UMTA, tourist arrivals have in- 2012. jrefrmEdkifiHwGif EdkifiHjcm;c&D;oGm; vkyfief;rS ,ckESpfwGif 0ifaiG Myanmar Summary tar&duef a':vmwpfbDvD,H ausmf&&Sd&ef cefYrSef;xm;aMumif; jrefrmEdkifiHc&D;oGm;vkyfief;&Sifrsm; toif; 'kOuú| OD;oufEdkifwdk;u ajymonf/ 2012 ckESpf c&D;oGm; &moDwGif c&D;oGm;vkyfief;rS tar &duefa':vm 534 oef;ESifh 2013 ckESpfwGif tar&duef a':vm 926 oef;&&SdcJhaMumif; [dkw,fESifhc&D;oGm;vma&;0efBuD; XmerS xkwfjyefxm;csufrsm;t& od&onf/ jrefrmEdkifiHtwGif;odkY EdkifiHjcm; c&D;oGm;{nfhonf0ifa&mufrIrSm ,ckESpfwGif xdkif;EdkifiHrS c&D;oGm; {nfhonf0ifa&mufrIenf;yg;vsuf &SdNyD; tm&SwGif w½kwfESifh*syefwdkY trsm;qHk;vma&mufNyD; Oa&my EdkifiHrS jyifopf? pydefESifh t*Fvef EdkifiHwkdYrS trsm;qHk;vma&mufMu aMumif; od&onf/ 2014 ckESpf Zefe0g&DvrS 'DZif bmvtxdjrefrmEdkifiHtwGif;odkY EdkifiHjcm;c&D;oGm;{nfhonf 0if a&mufrIyrmPrSm 3 oef;cefYom a&mufrnf[k arQmfrSef;xm;NyD; 2012 ckESpfrSpwifum ESpfpOf ESpfwdkif; EdkifiHjcm;c&D;oGm;{nfhonf vma&mufrIrSm wpfqxuf wpfqwdk;wufvmaMumif; od&onf/ A cashier carries piles of kyat banknotes in a private bank in Yan- gon. SoeZeyaTun/Reuters A tourist looks at lacquer-ware, a famous handicraft in Myanmar, at a workshop at Bagan in Mandalay region. UAung/Xinhua
  7. 7. July 3-9, 2014 Myanmar Business Today 7LOCAL BIZ K7.3 Billion Worth of Illegal Goods Seized over Eight Months Htun Htun Minn A cargo inspec- tion team seized K7.3 billion ($7.3 million) worth of ille- gal goods at the Yangon Port over the last eight months, said the Ministry of Commerce. “This operation is car- ried out to control smug- gling and to protect con- sumers in the Yangon from the Department of commerce and Consumer Liquor, beer and food products were the most commonly seized items. The mobile team made arrests in 12 cases, which included four customs of- fenses, six police cases. “The mobile team’s ob- jective in examining cargo for illegal goods will pre- vent the loss of state in- come,” said Dr Thein Na- ing, an exporter. Mobile teams examin- ing cargoes at Myanmar’s ports are relatively new. Previously, mobile teams only inspected goods being transported across Myanmar’s bor- ders via vehicle transport. Myanmar for The First Time Allows Registration of Secured Loan on A Local Asset Htun Htun Minn M yanmar reached - cial milestone in its path to economic re- forms as local authorities upgraded their existing administrative practice to accommodate the reg- istration of international secured lending. In a landmark test case, a wholly foreign owned Myanmar company which cross-border loan, was al- lowed to register security for that loan on its assets in Myanmar. Previously, lenders were essentially only able to take security on any as- - shore. Myanmar law and tax - sisted on the completion a secured interest on My- anmar assets for a foreign loan in modern times. The names of the parties have not been disclosed. Myanmar has improved its regulatory framework - ing as part of the Foreign Investment Law and the Foreign Exchange Man- agement Act, which were enacted in 2012. Nevertheless, the ad- ministrative practice for registering security un- Myanmar Summary der Myanmar law in gen- eral remained untested in modern times as regards international loans. VDB Loi’s Managing Partner Jean Loi said: “This was a genuine test case, with a lot riding on it. “It really was a col- Myanmar authorities to revamp administrative practices and processes.” Senior partner Edwin Vanderbruggen, who led the team which handled the matter, said: “We are very pleased with the re- - tough, but also very inter- esting. Anyway, the door is open now, so it should - nancing deals. “Until now, lenders would have to take securi- as shares of the parent of a Myanmar company. has left the barn, the gates are open to do so much more, such as a mort- gage on land lease rights, a pledge on shares or a on movable assets, cash and contractual rights in Myanmar.” The re-vitalising of the country’s administra- tion of secured interests comes at a very timely moment when the Cen- tral Bank of Myanmar is pondering the issuance of a number of corporate banking licenses to for- eign banks. A process is underway for the selection of the banks that will receive the A strengthening of the country’s practice with re- spect to creating and en- forcing security on loans is a welcome develop- ment from that perspec- tive as well, Edwin said. Myanmar Summary Myanmar Summary &efukefqdyfurf;e,fajrtwGif; Mobile Team tzGJUrS &Spfv ausmfumvtwGif; uefYowfukef ypönf;rsm;ESifhw&m;r0iftaumuf cGefrJhypönf;rsm; usyfodef;aygif; 73ç000 ausmfzrf;qD;&rdcJhaMumif; pD;yGm;a&;ESifhul;oef;a&mif;0,f a&;0efBuD;XmerSxkwfjyefcsufrsm; t& od&onf/ ,if;odkYzrf;qD;&rdcJhaom w&m; r0ifukefypönf;rsm;wGif t&uf? bD,mESifh pm;aomufukefypönf; rsmtrsm;qHk;zrf;qD;&rdaMumif;od &onf/ jrefrmtmPmydkifrsm;u EdkifiH wumacs;aiGtwGuf taygifcH xm;&ef rSwfyHkwifjcif;tm; vuf&Sd pDrHuGyfuJrIvkyfief;xJwGif xnfh oGif;vdkufjcif;aMumifh jrefrmEdkifiH onf pD;yGm;a&;jyKjyifajymif;vJrI vrf;aMumif;ay:wGif aiGaMu;qdkif &mrSwfwdkifwpfck pdkufxlvdkufEdkif NyDjzpfonf/ prf;oyfudpöwpf&yfwGif EdkifiHjcm; ydkif e,fpyfjzwfausmf acs;aiGjzifh rwnfxm;aom jrefrmukrÜPD wpfcktm; xdkacs;aiGrsm;twGuf jrefrmEdkifiHtwGif;&Sd ydkifqdkifrIrsm; udk tmrcHtjzpf xm;&Sd&ef rSwfyHk wifcGifhjyKvdkufonf/ jrefrmEdkifiHonf 2012 ckESpf wGif jy|mef;cJhaom EdkifiHjcm;&if;ESD; jr§KyfESHrIOya'ESifh EdkifiHjcm;aiG vJvS,frIpDrHcefUcGJa&;Oya'wdkY wpfpdwfwpfydkif;jzpfaom EdkifiH wumaiGaMu;jznfhqnf;rIBuD;Muyf a&;tajccHrlabmiftm; tqihf jr§ifhwifEdkifcJhjcif;jzpfonf/ SherpaHossainy
  8. 8. July 3-9, 2014 Myanmar Business Today LOCAL BIZ 8 Myanmar Summary GEtoAssistGov’twithEnergyInfrastructure Phyo Thu D eputy Minister for Electric Power U Maw Thar Htwe said that US-based power solutions giant General Electric (GE) is helping Myanmar develop its en- ergy infrastructure and improve the country’s electricity woes. Experts have expressed concern Myanmar’s pow- er infrastructure is strug- gling to keep pace with the country’s fast-paced economic development. Currently, Myanmar’s electricity sector is unable to generate enough power to meet national demand, with about 70 percent of the country getting no electricity, according to ADB estimates. “On June 17, we received GE’s assessment and we are preparing to work with the company to sup- port the country’s current electrical improvement plans,” the minister said. The company’s evalua- tion provided a roadmap on procedures to help Myanmar overcome their power infrastructure and supply shortcomings. Stuart Dean, GE’s ASE- AN regional CEO, said his company’s assessment is designed to assist the gov- ernment in implementing proposed generation, dis- tribution and rural elec- GE has held discussions with Myanmar engineers regarding the facilities cy and storage targets throughout the country. jrefrmEdkifiHusef;rma&;u@ o,f,lydkYaqmifa&;u@ESifh b@ma&;u@wdkYwGifulnDrI rsm;ay;aeaom tar&duef vQyfppfukrÜPDwpfckjzpfonfh General Electric (GE ) enf;vrf;jyorIrsm;udk jrefrmh pGrf;tifzGHUNzdK;a&;vkyfief;rsm;wGif xnfhoGif;vkyfaqmifoGm;rnfjzpf aMumif; vQyfppfpGrf;tm;0efBuD; Xme'kwd,0efBuD; OD;armfomaxG; u &efukefNrdKUawmfvQyfppf"mwf tm;ay;a0a&;tzGJU tem*wf jrefrmpGrf;tifu@qdkif&mtvkyf½Hk aqG;aEG;yGJwGif ajymonf/ ]]GE &JUavhvmawGU&SdrIawG udk ZGefv 17 &ufaeYupNyD; &xm;ygw,f/vuf&SdvQyfppfu@ vkyfief;awGrSm xnfhoGif;oGGm;zdkY txdvkyfoGm;zdkY&Sdygw,f}}[k tqdk yg'kwd,0efBuD;u ajymonf/ GE ay;ydkYxm;aom vrf;jy ajryHkwGif avhvma&;qdkif&m vkyfief;rsm;xkwfvTwfjcif;ESifh xyfqifhjzefYjzL;jcif;tpDtpOf csrSwfjcif;zGJUpnf;wnfaqmuf jcif;qdkif&mESifh aus;vufrD;vif; a&;wdkYtwGufyg&Sdonf / ]]'DxkwfjyefrIu EdkifiH&JU zGHUNzdK; a&;jyKjyifajymif;vJrIawGtwGuf uknDEdkifvdrhfr,fvdkY arQmfvifhyg w,f}}[k GE rS tmqD,Ha'o wGif; CEO jzpfol rpöwm'ef; u ajymonf/ ,if;uJhodkY vrf;jyajryHkpepfxkwf jyefay;rItjyif vQyfppfpGrf;tif qdkfif&m vdktyfonfh taqmuf ttHk? xkwfvTifhrIpepfESifh b@m a&;qdkif&m tajccHvdktyfcsuf rsm;? pGrf;tiftoHk;csjcif;ESifh odkavSmifjcif;qdkif&mvkyfief;rsm; udk jrefrmEdkifiH&Sd tif*sifeD,mrsm; ESifh aqG;aEG;rIrsm;jyKvkyfxm; aMumif;vnf; od&onf/ jrefrmhvQyfppfu@onf vuf&Sdtcsdeftxd jynfwGif;wGif vHkavmufrIr&Sdao;&m wpfEdkfifiH vHk;twdkif;twmjzifh 70 &mcdkif ESkef;cefYrSm vQyfppfpGrf;tm;udk vHkavmufpGmr&&Sdao;aMumif; od&onf/ Rare Crane Species Found in Northern Myanmar Htun Htun Minn O rnithologists from British nature con- servation group Fauna & Flora Interna- tional (FFI) found a large sarus crane population in the wetlands surrounding Indawgyi Lake in Kachin state while undertaking a recent water bird census. “First we just saw their charismatic red heads sticking out of the tall green grass, but through our telescopes we soon spotted the amazing num- ber of nine individuals,” said Ngwe Lwin, who was counting wetland birds together with his team of FFI ornithologists, and Win Zaw Lun, a ranger of Indawgyi Wildlife Sanctu- ary. This species, which at a height of up to 1.8 metres birds, has been frequently recorded in Rakhine state and the Irrawaddy delta, but is very rare in north- ern Myanmar. Previously only very small groups of 2-3 indi- viduals have been spotted in Indawgyi, but never before has such a large group been seen. Ngwe Lwin, Fauna & Flora International’s Terrestrial Conservation Programme Coordinator said, “Finding this large group of sarus crane in Indawgyi area has shown us that this species, which on the IUCN Red List of Threatened Species, is still safe in the Indawgyi area. We hope to see more in the future.” Sarus cranes are large non-migratory birds found in parts of the In- dian Subcontinent, Indo- china and Australia. Sarus cranes in Myan- mar belong to the sub- species of the eastern sarus crane Grus antigone sharpii that formerly oc- curred throughout Indo- china. it has been decimated throughout this range, but still occurs in smaller numbers in Myanmar, Vi- etnam, and Cambodia. Eastern sarus cranes in Yunnan Province (China) and Laos are either rare or recently extirpated, while the eastern sarus in Thailand was thought ex- Myanmar Summary NAdwdefobm0xdef;odrf;olrsm; tzGJUESifh EdkifiHwumopfoD;0vH ESifhyef;ref(FFI) rS iSufavhvm olrsm;onf jrefrmEdkifiHajrmufydkif; tif;awmfBuD;uefywf0ef;usif a'orsm;wGif &Sm;yg;BudK;MumiSuf tkyfpkwpfckudk &SmazGawGU&SdcJhonf [k od&onf/ ]]&Snfvsm;wJhjrufjyifpdrf;pdrf; awGMum;rSm acgif;eDeD&SdwJh BudK;Mum 9 aumifavmufudk uRefawmfwdkY awGUcJhw,f}}[k a&wdrfa'oiSuf rsm;apmifhMunfhavhvma&;tzGJU 0if iSufynm&Sif OD;aiGvGifu ajymcJhonf/ ,ckawGU&Sd&aomBudK;MumrsKd;pdwf onf tjrihf 1 'or 8 rDwm &Snfvsm;NyD; ysHoef;Edkifrnfh BudK;Mum rsKd;jzpfonf/tqdkygiSufrsm;udk &cdkifa'oESifh{&m0wDa'orsm; wGif awGU&SdaMumif; rSwfwrf;wif cJhaomfvnf; ,ckuJhodkY jrefrmjynf ajrmufydkif;a'orsm;wGif awGU&Sd& onfrSm&Sm;awmifh&Sm;yg;jzpfonf/ ,cifu tqdkygBudK;MumrsKd;pdwf udk ESpfaumifrS oHk;aumiftkyfpk jzifh tif;awmfBuD;a'orsm;wGif awGU&Sd&aomfvnf; ,ckuJhodkY tajrmuftjrm;awGU&Sd&jcif;rsKd; r&Sdao;ay/ Telenor, Samsung Sign Partnership Deal N orway’s Telenor, one of the winners of Myanmar’s coveted telecommunica- tions licences, has signed a deal will mobile device manufacturer Samsung to work together in the mar- ket of Myanmar. Both companies will work together in the de- velopment of joint market vice bundles and promo- tional activities, Telenor said. Petter Furberg, CEO of Telenor Myanmar, said the deal marks the begin- ning of more alliances and teaming opportunities in telecommunications be- tween Telenor and Sam- sung. Sharad Mehrotra, chief enor Myanmar, said, “Our interest is to have inno- vative value propositions for the mass market and we consider Samsung as a good partner to work with in achieving both compa- nies’ strategic ambitions.” Through this deal, the two parties agree to Aye Myat strengthen the coopera- tion framework in the Southeast Asian market. Nam Sik Ahn, manag- ing director of Samsung Myanmar, said, “We see Telenor and Samsung will complement each other in partnership will strengthen footprint of both companies in Myanmar.” Myanmar Summary jrefrmEdkifiHwGif qufoG,fa&; vkyfief;vdkifpif&&Sdxm;onfh Telenor onf rdkbdkif;zkef;rsm; xkwfvkyfonfh Samsung ESifh jrefrmEdkifiHaps;uGufwGif yl;aygif; vkyfaqmifEdkif&ef oabmwlnDrI &&SdcJhaMumif; od&onf/ tqdkyg ukrÜPDESpfckonf aps;uGuf&SmazG a&;qdkif&mudpö&yfrsm;tjyif ukef ypönf;ta&mif;jr§ifhwifa&;vkyf aqmifcsufrsm;udk yl;aygif;vkyf aqmifoGm;rnf[k od&onf/ Telenor Myanmar CEO Petter Furberg u ,ckuJhodkY oabmwlnDrIonf Telenor ESifh Samsung wdkYtMum; qufoG,f a&;vkyfief;u@ü yl;aygif;aqmif &GufrIqdkif&mtcGifhtvrf;rsm;ydkrdk &&Sdvmvdrfhrnf[k ajymcJhonf/ xdkYjyif ,ckuJhodkY yl;aygif;aqmif &GufrIonf ukrÜPDESpfckvHk;twGuf tusKd;tjrwfrsm;ydkrdk&&SdvmEdkifrnf [k Sharad Mehortra u ajymcJhonf/ tirpated in the mid-20th Century. FFI is now planning survey, to gain greater knowledge and help de- termine the threats to the species. “We have alerted lo- cal communities not to destroy their nests or to attempt to catch the cranes,” said Ngwe Lwin, who is educating local communities. Once survey results have been reviewed, FFI will follow up with con- servation actions in col- laboration with the wild- life sanctuary and local communities to ensure the survival of this charis- matic species in wetlands of Indawgyi Lake, the group said. BjornOlesen/FFI
  9. 9. July 3-9, 2014 Myanmar Business Today LOCAL BIZ 9 Myanmar Summary Microsoft Tapped to Assist Myanmar Develop Cyber Security Measures Htun Htun Minn M icrosoft will work with the Ministry of Communications and In- formation Technology to increase Myanmar’s cyber security, said U Kyaw Aye Naing, executive direc- tor of local IT company Knowledge Centricity, which is the American IT giant’s market devel- opment partner in the Southeast Asian nation. The company’s support aims to increase the min- istry’s awareness about cyber crime in the country and help Myanmar devel- op a legislation to prevent in the future. U Kyaw Aye Naing said Microsoft has submitted a framework on how My- anmar should conduct the country’s cyber security infrastructure to the min- istry. “Microsoft will use their expertise to show Myan- mar what to do when cy- ber security threats arise. There are also plans for the company to support the implementation of cyber legislation through- out Myanmar,” U Kyaw Aye Naing told Myanmar Business Today. Attacks on government, company and other im- portant websites through- out the country have prompted Myanmar to become more aware of the need for cyber safeguard- ing measures. In their report, Micro- soft stated, while no cyber crimes have been identi- - troducing cyber security legislation will help deter Executive member of the Myanmar Computer As- sociation, U Zaw Win, said the country’s increased mobile internet usage has made cyber security legis- lation a necessity through- out the country. “Although there aren’t many cyber crimes, as the internet becomes faster the need to educate users and protect their personal information will become Enterprises in Asia Pa- to spend nearly $230 bil- lion in 2014 to deal with issues caused by malware deliberately loaded onto pirated software – $59 billion dealing with secu- rity issues and $170 billion dealing with data breaches – according to a new joint study conducted by IDC and the National Univer- sity of Singapore (NUS). rdkufc½dkaqmzfhukrÜPDESifhqufoG,f a&;ESifh owif;tcsuftvuf enf;ynm0efBuD;XmewdkYyl;aygif; í jynfwGif;qdkufbmvHkNcHKa&; twGuf rdkufu½dkaqmhzfu vkdtyf onfrsm;udk yHhydk;ulnDaqmif&Guf ay;rnfjzpfaMumif;rkdufu½dkaqmhzf? Market Development Partner KC ukrÜPD rS Executive Director OD;ausmfat;Ekdifu MBT odkY ajymonf/ jrefrmEdkifiHwGif Cyber law r&Sdao;onfhtwGuf Cyber crime rsm;rjzpfay;ap&efBudKwifumuG,f rIrsm;jyKvkyfay;&eftwGuf &nf &G,fNyD;,ckuJhodkYulnDay;jcif;jzpf rkdufu½dkaqmhzftaejzifh National Cyber Security twGuf vdktyfonfrsm;udk aqmif &GufEkdif&efqkdufbmvkHNcHKa&;qkdif &mtajccHrlabmifrsm;udk rlMurf; a&;qJGíqufoG,fa&;ESifh owif; tcsuftvufenf;ynm0efBuD; XmeodkYay;ydkYxm;onf/0efBuD;Xme rS cGifhjyKrdefYusygu National Cyber Security pwifjyKvkyf EdkifrnfjzpfaMumif; OD;ausmfat; Edkifu ajymonf/ ]]rkdufu½dkaqmhzf&JU EkdifiHwum tawGUtBuHKawGeJY qkdufbm vkHNcHKa&;twGuf jrefrmEkdifiHrSm b,fvdkykHpHrsKd;aqmif&Gufoifh w,fqkdwmrsKd; yHhydk;ulnDay;wJh oabmyg? qdkufbmvkHNcHKa&;eJY ywfoufNyD; rjzpfraevkyf&r,f qdkwm 0efBuD;Xmeuvnf; odyg w,f/aemufydkif;rSm vkyfief;awG udk wpfqifhcsif; aqmif&GufoGm; wJhtcgrSmvnf;yHhydk;ulnDay;oGm; zdkY&Sdygw,f}}[k OD;ausmfat;Ekdif u ajymonf/ rkdbkdif;zkef;jzifh tifwmeuf tokH;jyKolOD;a&rSm rsm;jym;vm NyD; qkdufbmvkHNcHKa&;twGuf BudKwifaqmif&GufrIrsm;&Sd&ef vkdtyfaMumif; od&onf/ txnfazmfjcif;jzpfNyD;,if;odkYtaumiftxnfazmf&mwGifrlva&;qGJ xm;onfh Master Plan tm;jyKjyifíaqmif&GufoGm;&efvnf;wifjy xm;aMumif; od&onf/ ]]'DtpDtpOfuvli,fawGOD;aqmifNyD;taumiftxnfazmfwm/ 'g aMumifhXmeu0dkif;0ef;yHhydk;ay;wmyg/ZkeftBuD;BuD;qdk&ifawmhjynf axmifpktpdk;&udkwif&rSm/ckuawmhSMEsoabmyg/wdkif;a'oBuD; uoabmwl&if jrefrmEkdifiH&if;ESD;jr§KyfESHrIaumfrwDudk wifjy&OD;r,f}}[k weomF&Dwdkif;a'oBuD;vQyfppfESifhpufrI0efBuD; a'gufwm0if;atmif u ajymonf/ ,if;pDrHudef;twGufvuf&SdtcsdefwGif yxrtqifhtaejzifh ajr,m ydkifqdkifrItjiif;yGm;rIajz&Sif;&ef a'ocHrsm;udk ajr,mavsmfaMu;rsm;ay; &efn§dEdIif;aqmif&GufaeNyD;tdrf&majruGufcsxm;ay;rnfhae&mESifh ywfoufívnf; vuf&Sdtopfjyefvnfa&;qGJonfh Master Plan wGif xnfhoGif; xm;aMumif; od&onf/ ]],ciftuGufcsxm;wJhtdrfajc 1500 &Sdw,f/'gayrJh vlxkeJYywf oufwJhaps;? tm;upm;uGif;awGrygygbl;/ ygwmuausmif;wpfckyJyg w,f/vdktyfcsufawG&Sdaeawmh ckjyefa&;cGifhwifxm;w,f/ &Sif;&Sif;ajym&&ift&ifutJ'Dae&muoufqdkif&muGufuJrIr&Sdbl;/t ckrSoufqdkif&mudkwifjywm/jyefa&;wJh Master Plan rSmvnfvlawG twGufcsay;wJh tdrf&m 1500 udk csukday;&r,f ajymif;vJvdkYr&bl;/}} ,if;pDrHudef;onf tcsdefrsm;pGm,l&OD;rnfjzpfNyD;,if;pD;yGm;a&;Zkef wnfaqmuf&eftwGufusyf 100 bDvD,HcefYtxd&,lxm;aMumif; wnfaqmufa&;vkyfief;rsm;udk trsm;ydkifukrÜPDtaejzifhaqmif &GufoGm;rnfjzpfumtjcm; pufrIvufrIpD;yGm;a&;vkyfief;rsm;udkvnf;&if; ESD;jr§KyfESHrnfhvkyfief;&Sifrsm;udkzdwfac:oGm;rnfjzpfaMumif;Nrdwftem*wf zGHNzdK;wdk;wufa&;trsm;ydkifukrÜPD tkyfcsKyfrI'g½dkufwm OD;atmifrsKd; vwfxHrS od&onf/ Reuters
  10. 10. July 3-9, 2014 Myanmar Business Today LOCAL BIZ 10 Myanmar Summary Contd. P 12... Contd. P 12... Removing the Bottlenecks on the Road to Middle Income and Making Impact Investible Maximilian Martin A t the shores of Lake Constance in Swit- zerland, the fourth edition of the three-day Impact Economy Sympo- sium & Retreat drew to a close on June 15. The event annually convenes leaders, and practitioners from the worlds of invest- ment, business, govern- ment, and philanthropy in order to showcase the innovations, and opportu- nities that have surfaced in the promotion of im- pact. Myanmar was one of the four focus countries featured this year. Given the magnitude of challenges and opportu- nity the country faces, Im- pact Economy included Myanmar in the EMICs, a new set of key countries that present exceptional opportunities to achieve both impact and value. The EMICs (Ethiopia, Myanmar, Iran, and Co- lombia) are high-stakes, high-opportunity coun- tries whose characteristics allow impact investors to enabling them to prosper. Even so, the EMICs face important infrastructural which raise the ques- tion of how a responsi- ble and forward-looking approach to investment and business innovation can serve to drive large- scale positive impact. In this exclusive Myanmar Business Today series, I’ll share key content covered at the conference. Overcoming isolation after almost three dec- ades, Myanmar is now emerging as a high growth economy. Given the coun- try’s strategic geographic location, its abundant natural resources, po- tential for tourism, more than 50 million popula- tion with a young labour force and competitive wages, Myanmar has the potential to soon leave its current status as Asia’s last frontier behind. Ac- cording to Deutsche Bank research, Myanmar could well become a $100-bil- lion economy by 2018. In terms of fundamen- exciting opportunities for investors. It is pursu- ing an ambitious develop- ment strategy that aims to achieve both high and inclusive growth, and has started laying the corre- sponding building blocks – physical, legal and in- stitutional infrastructure. All of which is needed: 70 percent of the population lacks access to electricity, 80 percent of SMEs oper- ate in the informal econo- my and over 30 percent of - nutrition. FDI is graduating beyond extractive industries Capital is needed to deliver on the country’s middle-income ambi- tions. The landmark pas- sage of the 2012 Foreign Investment Law (FIL), the recent termination of international sanctions and the passage of nearly 20 additional pieces of legislation that govern private investment have all helped to almost dou- ble foreign direct invest- ment (FDI) since 2008. Historically, over 80 percent of FDI volume has been in deals within the oil and gas, hydroelectric and mining industries. The most active areas of recent investment have been in the manufactur- ing, hotel and tourism industries. At present, most foreign investment- comes from Myanmar’s neighboring countries in East Asia: China and Hong Kong, Thailand, Korea and – out-of-re- topinvestors. As per the recent OECD Investment Policy Review, approved Chinese investment has however decreased rap- idly over the past year, declining from $8 billion million in 2012, though - state investments as they do not aggregate invest- - shore locations such as the British Virgin Islands or the Cayman Islands. Bottlenecks need to be overcome Opening the economy is showing results, but a number of bottlenecks limiting foreign invest- - eral business climate has room for further im- provement. In 2014, the European Commission’s Report to the EU on My- anmar/Burma Invest- ment Relations expressed concern about Myanmar’s legal environment as well as changing requirements placed on foreigners for licensing. Work lies ahead on investment protection standards, restrictions on investment in several sectors, local partner re- quirements and capac- ity levels at the Myanmar Investment Commission (MIC), which reviews all foreign proposals to grant licenses to operate. The OECD ranks Myan- mar as the 2nd most re- strictive country globally in its FDI Restrictiveness Index. Next to the quality of regulation, corruption remains a chief concern in Myanmar. The World Bank ranks Myanmar the 2nd most corrupt country globally, particularly in relation to the procedure of receiving licenses to - ings and opening land leases. Transparency In- ternational ranks Myan- mar 157/177 in their cor- ruption perception index, more favourable than the World Bank rating. With the recent passing of laws governing investment, the OECD has cautioned that government capacity levels might prove insuf- levels of investment, par- ticularly given the cen- tral role of the Myanmar Investment Commission. In order to operate suc- cessfully in Myanmar, stakeholders must have competent and well- connected legal advice in order to manage the com- plex legal environment. There are several pathways to driving impact In consideration of the tremendous catch-up po- tential to investment, the question that emerges concern show to drive investments that have a wider positive impact on the country. For those in- vesting for impact rather - nancial bottom line driv- en deals in sectors such as infrastructure or mineral extraction, it is key to be aware of the realities of the small and medium en- terprise and social busi- ness landscape in Myan- mar. There are still only a few examples of impact investing and very limited data and track record. The relatively undevel- oped banking sector and a general lack of funding options for enterprises seeking between $50,000 and $250,000, paired qGpfZmvefEdkifiHwGif oHk;&ufMum usif;yaomoufa&mufrIpD;yGm;a&; pmwrf;zwfyGJESifhpka0;yGJrSm ZGefv 15 &ufaeYwGif NyD;qHk;oGm;cJhonf/ xdkyGJrSmESpfpOfurÇmwpf0ef;&Sd&if;ESD; jr§KyfESHrI? pD;yGm;a&;? tpdk;&?y&[dw u@ponfwdkYrS t"duMoZm&Sdol rsm;? tawG;tac:acgif;aqmif rsm;ESifh vufawGUvkyfudkifaeol rsm;udk pkpnf;ay;vsuf&Sdonf/,ck ESpfwGif tm½HkpkdufaqG;aEG;aom EdkifiHav;ckxJwGif jrefrmvnf; yg0ifcJhonf/ oufa&mufrIESifh wefzdk;ESpfrsKd; vHk;aqmifMuOf;ay;EdkifaomtcGifh tvrf;aygif;rsm;pGm&Sdaeonfh EMIC ac:tDoD,dk;yD;,m;?jrefrm? tD&efESifhudkvrfbD,mav;EdkifiHudk t"dutm½HkpdkufcJhMuNyD; xdkEdkifiH tajctaersm;wGif oufa&mufrI &if;ESD;jr§KyfESHolrsm;taejzifhtajymif; tvJrsm; azmfaqmifEdkifNyD; atmif jrifBuD;yGm;EdkifaMumif; od&onf/ odkY&mwGif EMIC av;EdkifiH onfta&;ygaomtajccHtaqmuf ttHkESifhpepfydkif;qdkif&m csKdU,Gif; csufrsm;&SdaeaomaMumifh wm0ef ,lí a&SUodkYOD;wnfaom csOf;uyfrI u aumif;rGefaomoufa&mufrI rnfodkYzefwD;ay;EdkifrnfvJqdkonfh ar;cGef;xGufay:vmonf/nDvmcH wGif atmufygt"dutcsufrsm; udk oHk;oyfcJhMuonf/ ESpfoHk;q,fausmfMumtxD;usef &yfwnfvmrI ½kef;xvmaom jrefrmEdkifiHwGif tcGifhtvrf;rsm; pGm&SdaeNyD; &nfrSef;csufBuD;rm; aom zGHUNzdK;a&;r[mAsL[mrsm;udk azmfaqmifvsuf&Sdumvdktyfaom tajccHtkwfjrpfrsm;jzpfaom½kyfydkif;? Oya'ESifhpepfydkif;wGif tajccHrsm; azmfaqmifvmvsuf&Sdonf/EdkifiH vlOD;a&70 &mcdkifEIef;rSmvQyfppf rD;r&&Sdao;bJ tao;pm;tvwf pm;vkyfief;80 &mcdkifEIef;rSm w&m; r0ifpD;yGm;a&;wGif vIyf&Sm;vsuf &Sdum vlvwfwef;pm;rsm;tdyf rufrsm;udk azmfaqmifEdkif&ef&if;ESD; rwnfaiGvdktyfvsuf&Sdonf/ ordkif;0if 2012 EdkifiHjcm;&if;ESD; jr§KyfESHrIOya'jy|mef;jcif;ESifhtjcm; yk*¾vdu&if;ESD;jr§KyfESHrIOya'rsm; jy|mef;rIaMumifh jynfywdkuf½kduf &if;ESD;jr§KyfESHrIrSm2008ckESpfESifh ,SOfvQifwGifESpfqeDyg;wdk; vmcJh onf/ tpOftmt& FDI 80 &mcdkifEIef;ausmfrSma&eHESifhobm0 "mwfaiGU?a&tm;vQyfppfESifhowåK “ Work lies ahead on invest- ment protection standards, restrictions on investment in several sectors, local partner requirements and capacity levels at the Myanmar Investment Commis- sion (MIC), which reviews all for- eign proposals to grant licenses to operate.” extraction, it is key to be aware of the realities of the small and medium enterprise and social business landscape in Myanmar. There are still only a few examples of impact investing and very limited data and track record. SoeZeyaTun/Reuters
  11. 11. July 3-9, 2014 Myanmar Business Today LOCAL BIZ 11 Myanmar Summary Damco Launches First Container Freight Station in Myanmar Zwe Wai T hird-party logistics provider Damco has started operat- warehouse and Container Freight Station (CFS) fa- cility in Myanmar, the Netherlands-based com- pany said. This brand-new 4,000 square metre facility is C-TPAT compliant and located within 15 kilome- tres from Yangon Port and major industrial loca- tions, Damco said. Thefacilityissuitablefor import and export activi- ties for Fast Moving Con- sumer Goods (FMCG), consumer electronics, ap- parels, components, ma- chinery and project cargo, - ary of Danish conglomer- ate Maersk, said. “This state-of-the-art, international standard CFS facility enables us to provide superior service to our customers through direct control and man- agement of the entire operation and service de- livery process,” Kiattichai Pitpreecha, managing director of the Thailand, Malaysia and Myanmar cluster. Since international sanctions were lifted in 2012, Myanmar has es- tablished itself as a new frontier market, with po- tential to become a ma- jor sourcing country and consumer market. The country’s strategic location between three drivers of global eco- nomic growth – China, India and Southeast Asia – makes it one of the most unique emerging markets in Asia. “Emerging markets have always been one of Damco’s focus areas and core strengths, with many of our key customers sourcing their products from or operating in these markets. the same service quality for cargo shipped out of Myanmar as any other country in which we oper- ate,” Kiattichai added. Damco has 11,400 em- ployees in more than 300 - tries around the world. In 2013, it had a net turnover of $3.2 billion, managed 2.8 million Twenty-foot equivalent unit (TEU) of ocean freight and sup- ply chain management volumes and air freight- ed more than 225,000 tonnes. a[mfveftajcpdkuf Logistics ukrÜPDwpfckjzpfonfh Damco yxrqHk;EdkifiHwumukefavSmif½Hk wpfckESifh uGefwdefem0if;wpfckudk &efukefwdkif;'*kHqdyfurf;NrdKUe,fwGif pwifzGifhvSpfcJhaMumif; od&onf/ tqdkyguGefwdefem0if;ESifh ukef odkavSmif½Hkonf &efukefNrdKU pufrIZkefrsm;ESifh qdyfurf;rS 15 uDvdkrDwmtuGmta0;wGifwnf&Sd NyD; pwk&ef;rDwm 4000 us,f0ef; aMumif; od&onf/ ,if;ukefodkavSmifpuf½Hkonf pm;aomufukefypönf;rsm;ESifh vQyfppfypönf;rsm;? tpdwftydkif; rsm;? pufypönf;rsm; wifydkYrIESifh wifoGif;rIrsm;twGuf oifhawmf ukrÜPD Maersk u ajymcJh onf/2014 ckESpfpD;yGm;a&;ydwfqdkY rIrsm;ajzavsmhcJhNyD;aemufydkif;wGif jrefrmEdkifiHonf&if;EDS;jr§KyfESHrIrsm; twGuf aps;uGufwpfckjzpfvmNyD; aemuf pm;oHk;olaps;uGufwnf&Sd &m t"dut&if;tjrpfwpfckjzpf vmcJhonf/ 2014-2015 ckESpftwGif; pwif taumiftxnfazmfrnfjzpfNyD; t"dutm;jzifh um;ESifhywfouf onfh Work Shop vkyfief; rsm;twGuf vkyfaqmifoGm;rnf jzpfaMumif; csif;jynfe,fpDrHudef; ESifhpD;yGm;a&;0efBuD; OD;&rfref;u MBT odkY ajymonf/ tqdkygpDrHudef;onf tao;pm; ESifhtvwfpm;pufrIvkyfief;rsm; zGHUNzdK;wdk;wufa&;twGufaqmif vdktyfonfh r[m"mwftm; vdkif;udkvnf;[m;cg;NrdKUrS wpfqifh ay;vTwf&epDpOfaqmif&GufrI rsm;&Sdonf/ ]]um;ESifhywfoufwJh Work Shop vkyfief;awGudk t"duxm; vkyfrSmjzpfw,f/SME oabm vkyfrSmjzpfw,f/vuf&SdrSm ajr ae&mcsaeqJyg/pufrIZkefvkyfr,f qdk&if awmifay:a'ojzpfwJh twGuf ajrjyefYu&Sm;w,f/ajr {uawGudkcGJNyD;awmhvkyfoGm;r,f/ National Grid u [m;cg;udk a&mufvmzdkY&Sdygw,f}}[k 0efBuD; OD;&rfref;u ajymonf/ pufrIZkefvkyfief;rsm;twGuf vdktyfonfhajruGufrsm;udk25{u ESifhtxuf a&G;cs,f&ef vsmxm; NyD; pufrIZkefpDrHudef;rsm;udk tao; pm;pufrIvkyfief;rsm;jzifh pwif rsm;twGufvdktyfonfhpufrIZkef rsm;udk 2014-2015 wGif &&Sd rnfh r[m"mwftm;vdkif;rsm;rS toHk;jyKoGm;rnfjzpfonf/ Damco
  12. 12. July 3-9, 2014 Myanmar Business Today LOCAL BIZ 12 Myanmar Summary with a high unmet de- lending in rural agricul- tural regions is part of the explanation. In addi- options, businesses who seek to target social and environmental perfor- returns part of their DNA need to acknowledge in- stitutional limitations, which include that fact that Myanmar currently enforces health and safety laws in an unsystematic manner. Moreover, im- pact investors also need to deal with the perception that social enterprises en- - tainability. There is some indication that conscious - investible in the country on a wider scale. At the current develop- ment stage, a focus on im- plementing corporate so- cial responsibility practices that align with internation- al standards could be an interim step and a lower hanging fruit. Beyond ag- riculture – with rice as the key crop accounting for over 90 percent of the food grain production in the country and covering country’s cultivated land area – improving social and environmental perfor- mance in the extractive in- dustries is another key the- atrefor achieving progress, which will be examined in the next article in this se- ries. In 2012, the value of the global metals and min- ing industry approached $1 trillion, while accounting 53 mining countries, three quarters of whom were low or middle income. In Myanmar, jade is often assumed to lead the country’s mineral ex- for the industry are hard to identify. The Harvard Kennedy School assumes exports of the stone - lion in 2011, but this is just an estimate. Raising the industry’s social and environmental performance is possible, and Myanmar’s many ef- forts also includes plans to join the Extractives In- dustries Transparency In- itiative (EITI), which pro- vides a methodology used by 44 countries around the world to improve the transparency of their ex- tractive industries. Those looking to invest for im- pact in Myanmar to help remove the bottlenecks on the road to middle in- comeare well advised to assess how impact inves- - Electricity Master Plan Hopes to Solve Myanmar’s Electricity Woes vestment picture as more foreign capital is deployed in the MIC’s priority sec- tors, where their compar- ative advantage as long- term, smaller ticket size, holistic investors truly lies, and how the ventures they fund can have a wid- helping to make impact investible in the country. Maximilian Martin is the founder and global managing director of Im- pact Economy, an impact investment and strategy Switzerland. D eputy Union Min- ister for Electric Power U Maw Tar Htwe said Myanmar plans to increase the country’s electricity reserves by 30 percent to combat nation- wide power shortages. Myanmar’s annual elec- tricity consumption rate is expected to increase 13 percent per year, current- - watts (MW). The government’s Electricity Master Plan (EMP) aims to produce year of 2030-31 to meet the country’s rising power demands. Currently, Myanmar’s electricity sector is un- able to generate enough power with 70 percent of the country’s population deprived of electricity. Hydroelectricity will produce over 37 percent of the plan’s power out- put, with 20 percent com- ing from natural gas, 33 percent from coal and more than 9 percent from other renewable energy sources. Myanmar’s Electric- ity Master Plan includes over 40 projects spread throughout the country, according to the Ministry Htun Htun Minn of Electric Power. The World Bank will provide loans for the project in phases and es- timates the cost of Yan- gon’s power infrastruc- ture upgrade at around $214 million, according to U Maung Maung Thein, union minister for electric power. Asian Development Bank (ADB) and Word Bank started assessing the government’s EMP in 2012 and have provided technical support to the project ever since. Union Minister U Maung Maung Soe said based on the banks’ eval- uations, the government’s EMP will be unviable without investment from foreign companies. technology, funds or state budget to complete the EMP on our own, that’s why we invite invest- ments,” U Maung Maung Soe said. Myanmar will imple- ment electricity projects throughout the country in three ways – construction by state, local business U Maung Maung Soe- said more than 90 per- cent of international com- panies showing interest in the country’s Electricity Master Plan have come from China “Many Chinese compa- ny’s have business inter- ests in the country so we to implement the Elec- tricity Master Plan,” U Maung Maung Soe said. The government has taken out $200 million in loans from the World Bank and Asian Devel- opment Bank to address the country’s 15 percent decrease in nationwide electrical output this year. power shortages include Yangon, Mandalay, Saga- ing and Magway. U Maw Tar Htwe said Myanmar’s cheapest form of power, hydroelectric- ity, can’t always be relied on to meet the country’s power shortages. “Hydropower supply increases in the rainy sea- son but decreases in sum- mer. We need to build up our coal and natural gas supplies to be able to deal with these changes inour water-based economy,” the minister said. - ject in Myitsone, Kachin state has been suspended for months due to public opposition, according to the Ministry of Electric Power. However, authorities more projects, generat- ing an extra 390MW, in hopes of securing the country’s Electricity Mas- ter Plan’s future. jrefrmEdkifiHwGif vQyfppfvdktyf csufjznfhqnf;ay;&eftjyif t&ef"mwftm;30&mcdkifEIef;tydk aqmif;xm;&SdoGm;rnfjzpfaMumif; vQyfppfpGrf;tm;0efBuD;Xmejynf axmifpk'kwd,0efBuD;OD;armfwm axG;u ,ckusif;yaeaom vTwf awmftpnf;ta0;wGifajymonf/ jrefrmEdkifiHü vuf&SdtcsdefwGif vQyfppf"mwftm;oHk;pGJrIrSm 4362 'ór 5 &SdjyD; ESpfpOf"mwftm; wdk;wwfoHk;qGJrI 13 &mcdkifEIef;&Sd onf[kowfrSwfí ,if;t&ef "mwftm;yrmPudk xm;&Sd&ef Electricity Master Plan wGif xnfhoGif;a&;qGJxm;onf[k 'kwd,0efBuD;u ajymonf/ EMP wGif vQyfppf"mwftm; xkwfvkyf&eftwGuf tpdk;&wnf aqmufonfh pDrHudef; 6 ckrS "mwf tm; 1632 r*¾g0yf? BOT pepfwnfaqmufonfh pDrHudef; 3 ckrS 196 'ór 4 r*¾g0yf? EdkifiHjcm;&if;ESD;jr§KyfESHrI JV/BOT pepfjzifh pDrHudef; 32 cktwGuf vQyfppf"mwftm; 38ç780 r*¾g0yf xkwfvkyf&efvsmxm;aMumif; vQyfppfpGrf;tm;0efBuD;XmerSod& onf/ EMP udkurÇmbPftm&SzGHUNzdK; a&;bPf (ADB) wdkYrS enf; ynmtultnDay;NyD;EMP a&;qGJ &ef 2012 rSpwifí avhvmrI rsm;jyKvkyfcJhonf/ wGif;vkyfief;rsm;wGifom vnfywf cJhaomfvnf; rMumao;rDu&if;ESD; jr§KyfESHrItrsm;qHk;jzpfvmaome,f y,frsm;rSmukefxkwfvkyfief;?[dkw,f ESifh c&D;oGm;vma&;u@rsm;jzpf onf/pD;yGm;a&;zGifhay;vdkufjcif; aMumifh &v'frsm;xGufay:vm aomfvnf; EdkifiHjcm;&if;ESD;jr§KyfESHrI udk uefYowfonfh twm;tqD; trsm;tjym;usef&Sdao;aMumif; od&onf/ vkyfief;u@vlrIESifhobm0 ywf0ef;usifqdkif&m udkifwG,frI rsm;udkjr§ifhwif&efrSm jzpfEdkifonfh tajctaejzpfNyD; jrefrmEdkifiHonf t&if;jrpfxkwf,lvkyfief;rsm; yGifhvif;jrifomrI&Sda&;ueOD;ajc vSrf; (EITI) odkY 0ifa&muf&ef vnf; BudK;yrf;vsuf&SdNyD; xdktzGJU u EdkifiH 44 EdkifiHwGif toHk;jyK aeaomenf;vrf;rsm;udkjznfhqnf; ay;rnfjzpfonf/jrefrmEdkifiHwGif tv,ftvwf0ifaiG&&Sda&;vrf; aMumif;rS twm;tqD;rsm;udk z,f&Sm;&Sif;vif;ay;&efoufa&muf rItay:0ifa&muf&if;ESD;jr§KyfESHrnfh olrsm;taejzifh t"duu@rsm; wGif jynfyt&if;tESD;rsm;0if a&mufvmonfhtcsdefwGif ouf a&mufrI &if;ESD;jr§KyfESHolrsm; rnf okdY vdkkufavsmnDaxGyg0ifEdkifrnf udk oHk;oyf&rnfjzpfonf/ “ At the current develop- ment stage, a focus on implementing corporate social responsibility prac- tices that align with internation- al standards could be an interim step and a lower hanging fruit.” AthitPerawongmetha
  13. 13. July 3-9, 2014 Myanmar Business Today REGIONAL BIZ 13 Myanmar Summary China Urges Peaceful Development of Seas, Adam Jourdan C hina, involved in a growing dispute with its neighbours over the energy-rich South China Sea, wants to promote peaceful de- velopment of the oceans, Premier Li Keqiang said, past had only brought “disaster for humanity”. China claims almost the entire ocean, rejecting ri- val claims to parts of it from Vietnam, the Philip- pines, Taiwan, Malaysia and Brunei in one of Asia’s most intractable disputes It also has a long-running dispute with Japan in the East China Sea. “China will unswerv- ingly follow the path of peaceful development of hegemony in maritime - time summit in Greece on Friday in comments car- ried by China’s Foreign Ministry website on Sat- urday. “Developing the oceans through cooperation has helped many nations sea has only brought dis- aster for humanity.” Concern over China’s motives has risen in the re- gion after China sent four more oil rigs into the South China Sea, less than two months after it positioned a giant drilling platform in waters claimed by Vietnam around the Paracel Islands. The lack of any break- through in the dispute suggests China and Vi- etnam are far from re- solving one of the worst breakdowns in relations since they fought a brief war in 1979. Among the obstacles is Beijing’s demand for compensation for anti- Chinese riots that erupt- ed in Vietnam after the drilling platform was de- ployed at the beginning of May. Speaking at a forum in Beijing on Saturday, Chi- na’s top diplomat, State Councillor Yang Jiechi, who visited Vietnam this week to discuss the rig dispute, said China had both the patience and sin- cerity to push for talks to resolve such spats. But China would not he added. “China will not trade its core interests and will not swallow the bitter pill of harming China’s sover- eignty, security and de- velopment interests,” said Yang, who outranks the foreign minister. China’s state news agen- cy Xinhua, in a report late on Friday, accused Vietnam of encouraging - puted waters around the Paracel Islands by using - ing the problem was ram- pant. “Vietnamese seized by Chinese law enforcement - ing confessed that they were given large subsidies by the Vietnamese gov- - ed waters’,” Xinhua said in the English-language report. “In addition, armed Vi- have repeatedly looted posing a serious threat to - ermen’s lives and prop- erty,” it added. The Philippines said this week it will ask an international arbitration tribunal in the Hague to make a speedy ruling on its dispute with China over exploiting waters in the South China Sea af- ter Beijing refused to take part in the proceedings. Reuters Philippines May Loosen Rice- Import Curbs as Prices Soar Adam Jourdan T he Philippines is considering easing rice-import curbs as Asia’s second-biggest buyer battles record-high domestic prices and seeks to limit losses at a state agency, Economic Plan- ning Secretary Arsenio Balisacan said. Policy makers will con- sider a proposal next month to adopt a free market and allow pri- vate traders to import as much rice as they want, - Manila yesterday. The government would in- imports, he said. “We need to get our trade policy right to ad- dress rising rice prices,” Balisacan said. “Our ap- proach in restricting rice imports without an ade- quate assurance that local rice production would be was the main factor” that led to higher prices, he said. President Benigno Aquino is seeking to at the fastest pace since November 2011, boosted by the higher cost of rice, a staple in the Southeast Asian nation. Debt at the National Food Authority, which subsidizes farm- ers by buying their rice at higher prices, will prob- ably climb to 180 billion pesos ($4.1 billion) by changes to the program, Aquino said, or twice the nation’s defense budget this year, according to Bloomberg calculations. “Moving to a free market allows the government to plug its cash leaks stem- ming from rice subsidies,” said Jonathan Ravelas, chief market strategist at BDO Unibank Inc. in Manila. “It also provides more market access for people to buy rice.” Record Prices The government had planned to import 1 mil- lion metric tons of rice this year, including 200,000 tons secured last year after Super Typhoon Haiyan struck in Novem- ber. Separately, it allowed private traders in Febru- rice from overseas. Consumer prices climbed 4.5 percent in May from a year ear- lier. Retail prices of well- milled ricerose 20 percent from a year earlier to a record as of the second week of June, according to the Philippine Statis- tics Authority. That’s in contrast to prices of Thai 5-per- cent broken white rice, an Asian benchmark, which in the past year as the Thai government acceler- ated sales of stockpiles to make payments to farm- ers. Thai reserves have more than doubled to al- most 14 million tons from 2010-2011 crop year prior to the start of the govern- ment’s rice purchase pro- gram, according to data from the U.S. Department of Agriculture. Reuters pGrf;tif<u,f0aom awmif w½kwfyifv,fESifhywfoufí tdrfeD;csif;EkdifiHrsm;ESifh BuD;xGm; vmaom tjiif;yGm;rIwGif yg0if aeonfhw½kwfEkdifiHonfyifv,f rsm;ta&;wGif Nidrf;csrf;pGmom aqmif&GufvkdaMumif;ESifh y#dyu© rsm;rSm]]vlom;rsm;twGufuyfqkd; rsm;}}ukdomaqmifMuOf;ay;aMumif; 0efBuD;csKyfvDuDusif;u ajymMum; cJhonf/ w½kwfEkdifiHonf ork'´&mwpfck vHk;tm; ykdifqkdifaMumif; aMunm xm;NyD; tpdwftykdif;wcsKdUtwGuf AD,uferf? zdvpfykdif? xkdif0rf? rav;&Sm;ESifhb½lEkdif;wkdYrSykdifqkdif aMumif; tNydKifaMunmcsufrsm;ukd todtrSwfjyKjcif;r&Sday/ w½kwf onf ta&SUw½kwfyifv,fwGif vnf; *syefESifh umv&SnfMum tjiif;yGm;vsuf&Sdonf/ AD,uferfü arvtpykdif;wGif ay:aygufcJhaom w½kwfqeYfusif a&;t"du½kPf;rsm;twGuf w½kwf u jyefvnfay;qyf&ef awmif;qkd xm;rIuvnf; jyóemajz&Sif; a&;twm;tqD;rsm;xJrSwpfck jzpfonf/ zdvpfykdifEkdifiHwGif jynfwGif;ukef aps;EIef;rsm; pHcsdefwifjrifhwuf aeNyD; EkdifiHykdifat*sifpDwpfck qHk;½HI;rIrsm;ukd xdef;csKyf&ef qef wifoGif;rIueYfowfcsufrsm;tm; ajzavsmhay;&ef pOf;pm;vsuf&Sd aMumif; od&onf/ vGwfvyfaomaps;uGufusifhoHk; íyk*¾vduukefonfrsm;tm; qE´ &Sdoavmuf qefwifoGif;cGifhjyK &eftqkdukd rl0g'csrSwfolrsm;u pOf;pm;rnfjzpfonf/qefaps;EIef; wufrIaMumifh 2011 ckESpfukef Protesters display placards during a protest in front of the Chinese consulate in Makati city, metro Manila. RomeoRanoco/Reuters Myanmar Summary ykdif;rSpí tjrefqHk;EIef;jzifh vkdufyg jrifhwufvmaomukefaps;EIef;ukd xdef;csKyf&ef or®wtuGDEkdu aqmif&Gufvsuf&Sdonf/ aps;aygaomwifoGif;qefrsm; aMumifhxdckdufEkdifaomv,form; rsm;twGuf tpkd;&onf a&oGif; qnfajrmif;pepfrsm; tqifhjrifh jcif;? txGufaumif;onfh pyg; rsKd;rsm; azmfxkwfjcif;? ta<u; pepfykdrkdvufvSrf;rD&efjznfhqnf; jcif;ESifh xkwfvkyfrI tqifhqifhukd tqifhjrifhjcif;wkdYaqmif&Gufrnf [k od&onf/ National Food Authority (NFA) workers walk atop sacks of rice as they make an inventory of rice stocks at a government rice warehouse in Taguig, Metro Manila. ErikDeCastro/Reuters
  14. 14. July 3-9, 2014 Myanmar Business Today REGIONAL BIZ 14 A Flying Beetle in India Threatens to Push up Latte Prices I t’s 10 o’clock in the morning and a dozen workers are uprooting M.G. Bopanna’s planta- tion in southern India where they lie ready to be burned. The plants are bursting with green cherries but inside their hard bark lurk destructive white stem borer beetles. The bushes have to be destroyed to prevent the tiny winged creature from threatening Bopanna’s entire crop of The beetle, which bores through plants’ bark and feeds on their stems, is thriving this year due to unusually warm weather and scant rains in arabica growing areas in India, the world’s sixth biggest If the hot spell continues and the pest continues to could fall to its lowest in 17 years when the harvest starts in October, push- ing up global prices that are already rallying due to drought in top exporter Brazil. The damage caused by the beetles is so severe that Bopanna has hired an excavator to uproot acre plantation at the hill station in the tropical for- est of the Western Ghats, west of high-tech hub Bangalore. Rajendra Jadhav “Every time we think we have uprooted all the in- fected plants, then after a has tended the plantation bought by his father for nearly four decades. “Earlier whenever there was an outbreak, we used per acre. This year I have uprooted more than 200 plants per acre,” he said. pesticide to control white stem borers, so the state- farmers to uproot and burn infested plants to limit their spread. “You may take all precau- tions, but if your neighbour is lethargic then white stem neighbour’s plantation,” said N. Bose Mandanna, a grower from Madikeri who plants from his 34 acre SCANT RAIN In most years heavy rainfalls and low temper- atures restrict the spread of the white stem borer. But this year southern Karnataka state’s Kodagu and Chikmagalur dis- tricts, which account for two-third of India’s total received half the usual rainfall since the start of monsoon season on June 1. The state run weather department said earlier this month that rainfall in July and August is ex- pected to remain below average. “The pest infestation will rise quickly if rain- fall remains subdued in the next few weeks,” says Mandanna, a fourth- planter. production could drop as much as 20 percent in the 2014/15 season to said a spokesman at Ruchi That would pull down three quarters of which tonnes, the lowest level since 1997/98, estimates Ruchi Soya. Italy, Germany and Bel- gium are the main buyers - ally pay a premium for it over global prices. Star- bucks, J.M. Smucker Co and Kraft Foods Group are leading buyers of arabica. Bopanna and other farmers are replacing af- fected plants with new seedlings, cultivating instead a robusta vari- ety that is cheaper than arabica but resistant to white-stem borer. “I would love to have an with arabica, but I have to consider earnings as well. How I would pay workers if the pest damages my entire arabica crop?” asks Bopanna, who is planning - busta this year. - cally roasted and ground for brewing and can range widely in quality, with some reaching the high- est levels. Robusta, on the other hand, is more bitter and either processed into a roasted blend to reduce the cost. Reuters China Charges Former Head of Planning Ministry With Bribery Ccharges against the former deputy di- rector of the economic planning ministry, saying he illegally received mon- ey and goods in bribes. Liu Tienan, 59, former deputy head of the Na- tional Development and Reform Commission, was accused of seeking gain for others, a statement on the Supreme People’s Procuratorate saidye- sterday. The case was Henry Sanderson Intermediate Court in Langfang city in central China’s Hebei province, it said. The procuratorate described the bribes as “extremely large.” The prosecution of Liu, which will almost cer- tainly result in conviction, could vindicate public claims made against him by a journalist months before his downfall from a ministry with control over a vast swathe of the econ- omy. Liu was stripped in May 2013 of his position at the NDRC, which ap- proves infrastructure pro- jects and controls energy prices, after Luo Chang- ping, deputy managing editor of Caijing Maga- zine, posted allegations on his microblog in De- cember 2012. Luo, an investigative journalist who has writ- ten a book about corrup- tion, said in his posts that his academic credentials and that his son received payments in U.S. and Ca- nadian dollars into bank accounts from a business executive. The Commu- nist Party’s disciplinary body announced via Xin- hua on May 12, 2013 that Liu was the subject of an Whistle-blower Crack- down Since Luo’s case, how- ever, the party has taken a harder line against those using Sina Corp. (SINA)’s Weibo service to act as whistle-blowers or ex- press views it considers subversive, even as the party’s discipline body has continued with its an- ti-corruption campaign. Charles Xue, a venture capitalist who talked about sensitive topics to his millions of followers on Weibo, was detained in August on charges of visiting prostitutes. Re- leased for medical rea- seen publicly on June 21, the China Youth Daily re- ported a day later. The government last week released new rules barring domestic journal- ists from writing stories without the approval of their employer or in dif- ferent areas than they normally cover, accord- ing to Xinhua. The regula- tions prevent journalists from setting up their own websites or advertising and public relations com- panies, it said. Bloomberg Myanmar Summary Myanmar Summary w½kwfpD;yGm;a&;pDrHudef;0efBuD; XmevufaxmufñTefMum;a&; rSL;a[mif;tm; aiGESifhypönf;rsm; w&m;r0ifvmbf,lcJhonf[kqkd um vmbfpm;rI pGJcsufrsm;wif vkdufaMumif; od&onf/ trsKd;om;zHGUNzdK;a&;ESifhjyKjyif ajymif;vJa&;aumfr&Sifvuf axmufñTefMum;a&;rSL;a[mif; vsLwDeef? touf 59 ESpfrSm tjcm;olrsm;twGuf tusKd; tjrwfrsm;&SmazGay;onf[kpGyfpGJ cH&um w½kwfEkdifiHtv,fykdif; [Dab;jynfe,f vefzef;NrdKUw&m; ½Hk;wGifpGJcsufwifcH&jcif;jzpfonf/ tdE´d,EkdifiHawmifykdif;&Sd aumfzD cif;rsm;wGifvkyfom;rsm;rSm aumfzD yifrsm;ukd tjrpfrSEkwfypfaeMu onf/tyifrsm;rSm tpdrf;a&mif toD;rsm;jzifh jynfhaeaomfvnf; yifpnftrmxJwGifrlzsufykd;tjzL a&mif yifpnfazmufykd;awmifrm rsm;&Sdaeonf/xkdykd;rsm; tma&; bD;,m; aumfzDwpfcif;vHk;okdY A coffee planter shows white stem borer beetles that have affected his arabica coffee plantation at Madikeri in the southern Indian state of Karnataka. If the hot spell continues and the pest continues to - ing up global prices that are already rallying due to drought in top exporter Brazil. 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  15. 15. July 3-9, 2014 Myanmar Business Today REGIONAL BIZ 15 Myanmar Summary Inspection Tensions Add to Bangladesh Garment Industry's Woes I t took Western safety inspectors only about an hour to tour a fac- tory the size of three foot- - ing a partial shutdown of Sonia & Sweaters Ltd, a Bangladesh clothing supplier to Wal-Mart Stores Inc (WMT.N) and Debenhams (DEB.L). Two weeks later, the group that the inspec- tors represented changed its mind and allowed the factory to stay open, even though none of the re- pairs they suggested had been carried out. Such erratic decision- making poses a new set of problems for Bangla- desh’s $22 billion gar- ments industry, whose safety record has been un- der the microscope since the collapse of a factory near Dhaka that killed more than 1,100 workers last year. More than a year af- ter the public outcry that spurred Western retail- ers into demanding bet- ter standards from the factories that make their clothes, it also highlights the practical complexities of improving the condi- tions of millions of poor workers whilst also safe- guarding their jobs. Export growth in the sector has slowed as buy- ers turn to India, Myan- mar, Vietnam and Cam- bodia because of concerns over workshop safety, Nandita Bose higher wages and political instability. Now factory owners say they are concerned about arbitrary shutdowns and meeting the cost of de- mands for remedial work, while workers worry about who will pay their wages if their workplace is temporarily closed. “We went through inex- plicable harassment dur- ing this whole process, and I am sure they don’t care about that,” said So- nia & Sweaters Director Mahabubur Rahman, of his experience of the in- spection. “But with their trigger- happy attitude, I am left wondering if they at least care about the workers, who they are meant to protect, because nobody has to explain to them what the implication of one factory shutdown is.” The garment industry accounts for 80 percent of Bangladesh’s exports, and turmoil in the sector has put at risk the liveli- hoods of nearly 4 million garment workers, mostly women. FACTORY INSPEC TIONS The collapse of the eight-storey Rana Plaza building in April 2013 brutally exposed the in- adequacy of the safety regime in Bangladesh, factories are inspected by technical equipment and the required expertise. The disaster led to the creation of the Accord on Fire and Building Safety, an inspection group led by European retailers, and the North Ameri- can brands-led Alliance for Bangladesh Worker Safety, which together are scrutinizing around 2,100 factories. The groups, which have a mandate to recommend the closure of dangerous factories and demand re- pairs, are now embroiled in a debate over the in- spection process and the question of who pays for upgrades and wages while factories stand idle. Making the situation worse, almost all global retail brands have opted to stay out of the argu- ments between inspection agencies and suppliers, according to industry of- When the inspection groups were set up, retail- ers did not commit to pay for improvements they demanded - some Bang- ladesh factory owners are very wealthy and political- ly connected - but agreed to discuss assistance with wages and improvements them. Wal-Mart spokesman Kevin Gardner said, as a founding member of the Alliance, the company’s contributions have made funds available to help factory owners make nec- essary repairs and to sup- port workers who may be temporarily displaced. This includes an ini- tial worker safety fund of nearly $50 million and growing, and more than $100 million in access to low-cost capital funding - tural safety. Debenhams declined to comment. Reuters taemufwkdif;rS ab;uif;rI ppfaq;olrsm;onfabmvHk;uGif; oHk;uGif;pm&Sdaom puf½Hkukd wpf em&DceYfomppfaq;NyD; EkdifiHwum trSwfwHqdyfrsm;okdYt0wftxnf rsm; jznfhqnf;aeaom b*Fvm; a'h&fSvkyfief; Sonia & Sweaters vDrdwufukd wpfpdwfwpfykdif; ydwf &ef trdeYfcsvkdufonf/ ESpfywfMumNyD;aemuf ppfaq;ol rsm;ukdukd,fpm;jyKaomtzGJUuqHk; - lapse of a factory near Dhaka that killed more than 1,100 workers last year. 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