MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL

www.mmbiztoday.com

IMF Chief Lagarde
Due in Myanmar

December 5-11, 2013 | Vo...
2

LOCAL BIZ

Myanmar Business Today
www.mmbiztoday.com

December 5-11, 2013

Suu Kyi to Australia:
Smart Money’s On Us

M...
3

Myanmar Business Today
www.mmbiztoday.com

December 5-11, 2013

Leadership in
technology.
The world is growing. Every d...
4

LOCAL BIZ

Myanmar Business Today
www.mmbiztoday.com

December 5-11, 2013

Myanmar: Not that Hard to Do Business
Andrew...
5

LOCAL BIZ

Myanmar Business Today
www.mmbiztoday.com

December 5-11, 2013

Twenty firms drop out of bidding on
Myanmar ...
LOCAL BIZ

6

Myanmar Business Today
www.mmbiztoday.com

December 5-11, 2013

Biman to Start Direct Dhaka-Yangon Flights
F...
LOCAL BIZ

7
Myanmar Business Today

December 5-11, 2013

www.mmbiztoday.com

Two More Law Firms Join Myanmar Rush
tinued ...
8

LOCAL BIZ

Myanmar Business Today
www.mmbiztoday.com

December 5-11, 2013

Mitsubishi to Build 7,000MW Power Plant in M...
9

LOCAL BIZ

Myanmar Business Today
www.mmbiztoday.com

December 5-11, 2013

World Bank Launches Enterprise
Survey in Mya...
LOCAL BIZ

10
Myanmar Business Today

December 5-11, 2013

www.mmbiztoday.com

EU Beefs up Humanitarian Assistance
Provide...
11

December 5-11, 2013

Myanmar Business Today
www.mmbiztoday.com
FEATURE

12

Myanmar Business Today
www.mmbiztoday.com

December 5-11, 2013

As Myanmar Modernises, Old Trades Are
Outpace...
13

REGIONAL BIZ

Myanmar Business Today
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December 5-11, 2013

Singapore Woos MNCs to Build Up
3D Print...
14

REGIONAL BIZ

Myanmar Business Today
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December 5-11, 2013

Asian Airlines to Give Flight Plans to C...
15

REGIONAL BIZ

Myanmar Business Today
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December 5-11, 2013

China Local Govt Debt
at Manageable Leve...
16

REGIONAL BIZ

Myanmar Business Today
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December 5-11, 2013

Maid in Singapore: Will Cambodian Domest...
17

REGIONAL BIZ

Myanmar Business Today
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December 5-11, 2013

Changed Weekend Irks Business Community ...
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INTERNATIONAL BIZ

Myanmar Business Today
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December 5-11, 2013

Bitcoin Price Zooms Through $1,000 ...
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INTERNATIONAL BIZ

Myanmar Business Today
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December 5-11, 2013

WTO Talks Fail to Agree
on Global T...
20

INVESTMENT & FINANCE

Myanmar Business Today
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December 5-11, 2013

Educating Yourself Financially
D...
21

INVESTMENT & FINANCE

Myanmar Business Today
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December 5-11, 2013

Myanmar Moves to Bring Finances ...
22

INVESTMENT & FINANCE

Myanmar Business Today
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December 5-11, 2013

Power Shortages Hold Myanmar Bac...
23

INVESTMENT & FINANCE

Myanmar Business Today
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December 5-11, 2013

Aye Myat

S

ingapore Post Ltd (...
24

Myanmar Business Today
www.mmbiztoday.com

December 5-11, 2013

INTERNATIONAL AND DOMESTIC FLIGHT SCHEDULE

Flights fr...
25

PROPERTY & REAL ESTATE

Myanmar Business Today
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December 5-11, 2013

Construction Materials
Prices ...
26

PROPERTY & REAL ESTATE

Myanmar Business Today
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December 5-11, 2013

Income, Property Disparity Int...
27

IT & TELECOM

Myanmar Business Today
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December 5-11, 2013

Telenor to Hold Career Seminar to Recrui...
IT & TELECOM

28

Myanmar Business Today
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December 5-11, 2013

EU Hands Over Statistical Software to My...
29

AUTOMOBILE

Myanmar Business Today
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December 5-11, 2013

Suzuki Provides 100 Motorcycles to Myanmar...
CLASSIFIEDS
December 5-11, 2013

30

Myanmar Business Today
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31

SOCIAL SCENES

Myanmar Business Today
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December 5-11, 2013

SCG Sharing the Dream Myanmar 2013 in Y...
32

ENTERTAINMENT

Myanmar Business Today
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December 5-11, 2013

The Best Dim Sum in Town
and the taste ...
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Myanmar Business Today - Vol 1, Issue 44

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

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

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

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Myanmar Business Today - Vol 1, Issue 44

  1. 1. MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL www.mmbiztoday.com IMF Chief Lagarde Due in Myanmar December 5-11, 2013 | Vol 1, Issue 44 Malaysian Exporters Eye Myanmar for Trade Growth Oliver Slow Reporting from Kuala Lumpur M great potential by Malaysian oil giant Petronas. As Myanmar emerges Myanmar Summary military rule and works towards a genuine market with regards to both its products and the chief of Malaysia’s national trade promotion agency. Speaking with Myanmar Business Today on the sidelines of Interna- Reuters hosted in Kuala Lumpur expertise in the education sector – Malaysia is ranked 11th in terms of total international sign that its education is highly respected – can key skills and education in Myanmar. “In a country like My- IMF chief Christine Lagarde. Kyaw Min T he International Monetary Fund (IMF) chief Christine Lagarde will make based lender said in a statement. Myanmar Summary tjynfjynfqdkif&maiGaMu;&HyHk aiGtzGJUrS tBuD;tuJjzpfonfh Christine Lagarde onf jrefrm th world’s 13 largest econothis month adding to a economy on the rise; and its to the recently-opened Southeast Asian country. mar’s capital Nay Pyi Taw and commercial hub Yangon during her December after stops in South Korea a great awakening to Lagarde said. Lagarde will meet with Contd. P 19... rnfjzpfaMumif; od&onf/ tdkbm;rm;tygt0iftjynfjynf Contd. P 19... said trade is growing between the two countries and the formerly-isolated portunities to Malaysia for business. “In oil and gas for examMyanmar] already and International Trade (INTRADE) Malaysia 2013 (MATRADE) Dr Wong Lai Sum is only 30 percent of other Southeast Asian nations. to either import the skills or the know-how. So this is about doing tie-ups allowing us to work with companies from other countries who are also in with particular reference to the work being done Contd. P 6... Contd. P 6... u
  2. 2. 2 LOCAL BIZ Myanmar Business Today www.mmbiztoday.com December 5-11, 2013 Suu Kyi to Australia: Smart Money’s On Us MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL Board of Editors Editor-in-Chief - Sherpa Hossainy Deputy Editor - Oliver Slow Reporters & Writers Sherpa Hossainy, Oliver Slow, Kyaw Min, Shein Thu Aung, Phyu Thit Lwin, Htet Aung, Su Su, Aye Myat, Daisuke Lon, Yasumasa Hisada Art & Design Zarni Min Naing (Circle) DTP A ung San Suu Kyi has issued a clarion call to Australia’s political leaders: take a punt on us. The Myanmar presidential hopeful and National League for Democracy leader has used an address in Sydney to call on May Su Hlaing her country as it works Translators brutal military regime. She says she understands the impulse for Advertising Tay Zar Zaw Win, Seint Seint Aye, Moe Hsann Pann Advertising Hotline - 09 7323 6758 Subscription & Circulation Aung Khin Sint - aksint2008@gmail.com 092043559 Nilar Myint - manilarmyint76@gmail.com 09421085511 Managing Director bolster relations with the smart money is on her pro-democracy party. Myanmar's opposition leader Aung San Suu Kyi speaks during a seminar as Australia's Prime Minister Tony Abbott looks on. erally like to get on with Prasert Lekavanichkajorn pkajorn@hotmail.com Email Editor - sherpa.hossainy@gmail.com Special Publications - oslow99@gmail.com Advertising - sales.mbtweekly@gmail.com Designer - zarni.circle@gmail.com Phone Editor - 09 42110 8150 Deputy Editor - 09 3176 9529 Designer - 09 7310 5793 Publisher U Myo Oo (04622) 22A Kaba Aye Pogoda Rd, Bahan Township, Yangon, Myanmar. Tel: 951-2301568, 951-2301569, 951-2301570 Fax: 951-8603288 ext: 007 Distributor (Bangkok) Penbun Distribution Co., Ltd. Tel: (662) 6158625-33 Fax: (662) 6158634 AAP Shein Thu Aung, Phyu Maung including business giant Frank Lowy and NSW at the Lowy Institute on Thursday last week. “But as I said it’s better to look to the long run and ians supposed to be rather There were laughs as Australia came in for a gentle ribbing from the Nobel laureate: “Aren’t you supposed to be a Suu Kyi urged foreign which has only recently allowed elections. “I know that when busi- onf/ a':atmif q ef ; pk M unf t ae because they expect to “(But) you cannot Burma to promote the right kind of political as well as their business AAP Myanmar Summary a':atmifqef;pkMunfu jrefrm pD;yGm;a&;rSm Ediia&;ESifh qufpyf k f H young nation? a ': a tmif qef ; pk Munf u at the same time it would you to put your bets on a':atmifqef;pkMunfu EdkifiH
  3. 3. 3 Myanmar Business Today www.mmbiztoday.com December 5-11, 2013 Leadership in technology. The world is growing. Every day, more people, vehicles, homes and factories are driving an ever-increasing demand for energy. That’s why ExxonMobil is investing $1 billion annually in research and development—part of our commitment to developing the breakthrough technologies and solutions required to meet the world’s rapidly growing energy needs. Around the world, we deploy industry-leading technologies—from extended-reach drilling to advanced visualization and production techniques—to maximize the value of energy resources. So whether it’s investing in research and development, delivering innovative petroleum products or investing in communities, ExxonMobil is developing more than oil and gas—we are helping to support global growth and progress. Learn more about our work at exxonmobil.com
  4. 4. 4 LOCAL BIZ Myanmar Business Today www.mmbiztoday.com December 5-11, 2013 Myanmar: Not that Hard to Do Business Andrew Tan Myanmar Summary T he recent World Bank’s Doing Business 2014 report says that Myan- it in the bottom ten of the table (182 out of 189) in terms of ease of starting a business. The result is not at all unexpected as Myanmar grapples with more than 50 years of Myanmar is coming in from a the Myanmar’s GDP to grow by at least 7 percent for the next 20 years. Soe Zeya Tun/Reuters functional banking system and poor infrastructure. There is a correlation between risk and return. Myanmar being an emerging market is a high risk market. Myanmar is not for the faint hearted. I would not recommend my clients to put their retirement money aMumif; od&onf/ the Myanmar Companies are starting a business in sectors regulated by the State Owned needs to be remitted only when “If you just want to start a service company under the Myan- into a production sharing contract with the state or bid for a licence in an open tender. Due sion making process it can be get the business up and running within a month. The World Bank’s “Doing template in order to make it remitted into your company’s bank account upon incorpora- oil and gas or telecommunica- boggling. business licence within two weeks and the business can be up and running within a month. Of the minimum capital of mar Companies Act – it is quite simple and straight forward.” The company can be 100 percent foreign owned with normally get your temporary the business licence is due for renewal at the end of the fourth year. So basically you can start countries being measured – it does not measure by sector or industry nor does it profess to do so. Myanmar is not a hard place to do business if you know what right local partner. Andrew Tan is the managing director of Consult-Myanmar Co Ltd. Consult-Myanmar is a 100 percent Singaporeanowned company that is incorporated in Myanmar. ConsultMyanmar provides business advisory, business partner search, company incorporation and immigration service to foreign investors that are interested to start a business in Myanmar. onf/
  5. 5. 5 LOCAL BIZ Myanmar Business Today www.mmbiztoday.com December 5-11, 2013 Twenty firms drop out of bidding on Myanmar offshore blocks media. because shallow and 19 deep-sea blocks. Those chosen to they already - according to an October onf/ foreign companies can on their own as few local ence in the sector. Among the 79 companies that bid in the exploration in Myanmar. Impact Assessments be- od&onf/ Reuters aumfr&Sif A bout 20 companies dropped out of bidding for oil and gas tion and Production Plc While 61 companies to name the companies. “Processing is still going about 40 submitted appliof anonymity as he was not authorised to speak to Japan Eyes Boosting Trade, Investment in Myanmar Su Su apanese entrepreneurs are seeking cooperation in run media reported. A meeting on bilateral trade conditions was held re- Federation). The meeting focused on promotion of trade and in- nation stood at $406.49 million. th in Myanmar’s foreign Myanmar Summary Japan-Myanmar Economic Committee KEIDANREN (Japan Business Federation) Katsumata Nobuo of Reuters Myanmar Summary Petroliam Nasional BHD (Petronas). - onf/
  6. 6. LOCAL BIZ 6 Myanmar Business Today www.mmbiztoday.com December 5-11, 2013 Biman to Start Direct Dhaka-Yangon Flights Flights to resume after six-year hiatus Yangon and Dhaka after Biman ity of 12 business class and 150 economy class passengers. cities in 2007 citing “huge Biman’s Boeing 737 in this - Bangladesh and Myanmar. In Bangladesh agreed to launch ment signed in August between with international air transport *All times mentioned above are local time Myanmar Summary WMC Biman onf business class Kyaw Min Air- Biman will start operating two weekly commercial schedule Yangon from the neighbouring country’s capital Dhaka this from December 9. Myanmar and Bangladesh lish direct air link to connect - Wong admitted that the international economy had slowed - B iman Bangladesh year. Growth’ in four key clusters – facturing support. Malaysia is expecting to close 2013 with 3.3 percent growth in trade and less than 1 percent - Airlines onf Biman Bangladesh Dhaka ESpfBudrfajy;qGJoGm;rnfjzpfaMumif; od& onf/ Biman onf Dhaka ESifh economy class onf/ Biman said. Wong said that the year’s IBM had attracted more than 800 foreign businesspeople from percent increase from 2012 and that the exhibition too had seen the year before. Bilateral trade between Myanmar and Malaysia reached $880 regards to Malaysia’s small and by 5.2 percent and export 2.6 which make up more than 90 percent of all companies in the country. “We need to ensure that these - contribution to the growth of Malaysia’s export products. The 2012 Intrade generated almost 12 percent from a year lion ($181 million) coming from the incoming buying mission (IBM) – a precursor to the trade ers are matched with foreign buyers who are interested in their products. - was down 14 percent to $586 million from the same period a year earlier. Malaysia’s most popular export to Myanmar is Palm whether it’s in the domestic Malaysia’s minister for inter- Myanmar Business Toady of common product imported by collected $62.36 million. Malaysia. although admitted that it can be Files to about 23 percent of GDP and we would like to see the impact tion will be hosted at MATDr Wong Lai Sum, CEO of Malaysia External Trade Development Corporation (MATRADE). “When people sit down to talk He added that many companies had led the way in showing a country’s economy. may not necessarily seal the deal immediately – it takes time. After sitting down together for rsm; ta&;ygyHkudk Myanmar Business Toady or two good suppliers. You can “If you are interested in developing a Wong certain industry, you need to either Wong import the skills or the know-how. So this is about doing tie-ups with various institutions to acquire those skills.” Wong Sri Mustama Mohamed onf/
  7. 7. LOCAL BIZ 7 Myanmar Business Today December 5-11, 2013 www.mmbiztoday.com Two More Law Firms Join Myanmar Rush tinued to entrust us with more and more matters felt the time was right to launch a physical pres- co-managing partner of Tilleke & Gibbins. Based certainly eyeing further aMumif; od&onf/ Since the beginning of Rouse & Partners opened its rnfjzpfaMumif; od&onf/ Rouse Harwood opened their of- trademark registration Files which continue to eye Myanmar but are yet to Shein Thu Aung mark law currently before T wo international intellectual prop- ents in IP matters in these Tilleke recently-opened Southeast Asian country. designs and copyright. The country’s trademark law is expected to be the the end of this year. An IP country manager and also designs and geographical indications. IP commercialisation and technology bright future in Myanmar. with a strategic position and Thailand. Working in the country brings many Myanmar by an internaMattei and Moe Mynn Myanmar who “The country’s IP regime is currently undergoing – now is the right time for companies to begin to understand and protect their IP in Myanmar. I am looking forward to working with the rest of at this incredibly exciting Minford. “We already tion in 1994 and must be manage 2021. Meanwhile Bangkok- step will ensure we can in Yangon and has a particular focus on IP related positioned to operate in tei and Moe Mynn Thu Tilleke has also launched and Laos as part of the ESifh Moe BuD ; Muyf a qmif &GufoGm;rnfjzpf aMumif; od&onf/ Rouse onf jrefrmhaps;uGuf Myanmar Summary is drafting separate laws Thailand-based from broadly into other areas. “We are constantly Myanmar has no spe- Rouse Fabrice Mattei Mynn Thu termine where we should Rouse Tilleke Many of our clients are thousands of registration matters in each country. single point of contact for their legal needs across & Gibbins aumif;jzpfonf[k ,MkH unfaMumif; Luke Minford
  8. 8. 8 LOCAL BIZ Myanmar Business Today www.mmbiztoday.com December 5-11, 2013 Mitsubishi to Build 7,000MW Power Plant in Myanmar The joint venture with two Thai firms to cost $9.85 billion Aye Myat Myanmar Summary apanese trading house Mitsubishi Corp will build Mitsubishi Corp power station in Myanmar’s southeastern Dawei special ecoture with two Thai companies. Mitsubishi will team up with aMumif; od&onf/ Mitsubishi onf Electricity Generating,Italian-Thai Development set up the new entity as early as Nikkei reported. Outlays could reach 1 trillion yen ($9.85 billion). This marks the latest in a series of Myanmar infrastructure- shortages. The total output capacity of the consortium’s facilities will - toD;oD;ydkifqdkifoGm;MurnfjzpfaMumif; od&onf/ Files bolster industry in the newly go into operation in 2015. business in Dawei would be a symbol of collaboration among He said Mitsubishi’s participation would encourage more communications are among sell the rest to Thailand. Natural gas will likely to account for 20-30 percent of the onf erating Authority of Thailand The Thai and Myanmar companies. Mitsubishi’s participation will come under the power-generation sector. rnfjzpfaMumif; od&onf/
  9. 9. 9 LOCAL BIZ Myanmar Business Today www.mmbiztoday.com December 5-11, 2013 World Bank Launches Enterprise Survey in Myanmar Survey a part of investment climate assessment in Myanmar menting a broad range of reforms to stimulate Su Su T he World Bank Group has launched an enterprise sur- doing business in My- The lender said the Hearing from businesses in Myanmar on what they see as the main issues and comparing constraints they face with those in other countries can help to focus on policies with based lender said. Climate Assessment with Bank country manager in Myanmar. The World Bank has partment of International World Bank guarantees information to urÇm h b Pf t zGJU rS jref rmEdiiH k f using the standard World Bank methodology. and business regulations. cities. Preliminary results will also set a benchmark and help in measuring progress as the Myanmar said. The Insurance Association to Launch Soon Phyu Thit Lwin T ance association comprising the lone state-run setting up the association. stered through the introduction of this association. “The association can educate the public and impart knowledge to the industry stakeholders. The market The minister said local insurance company First Nato prepare the draft bill for the association. their operations. Myanmar Summary oGm;rnfjzpfNyD; tqdygtoif;udk NGO k Mum;onf/ aMumif; od&onf/ Myanmar Summary ronment including access imple- jzpfaMumif; jrefrmEdkifiHqdkif&m and the cost of labour in Myanmar compare to other countries? The World Bank has analysis will help inform is lender said rS aiGaMu; jzpfonf/ as: What is the main obstacle for growth for small businesses in Myanmar? What are they key obstacles to exporters? and large – in Myanmar. said. “Myanmar (UKAID) help around the world includAsia. The result is a set of comparable indicators at ensure reliability of the collected data and to protect the identity of to jzpfonfh Kanthan Shankar
  10. 10. LOCAL BIZ 10 Myanmar Business Today December 5-11, 2013 www.mmbiztoday.com EU Beefs up Humanitarian Assistance Provides $4 million in fresh funding; encourages dialogue and intercommunal understanding to end violence in Rakhine and Kachin states Shein Thu Aung Myanmar Summary T was disturbed by the dramatic million ($4.08 million) to assist and Kachin states in Myanmar which has left thousands of peo- communities and disrespect of fundamental rights. foremost for security and for a durable solution that allows them to go back to their lost said. This brings the commission’s humanitarian funding in 2012- conference. The assistance will be used to aMumif; od&onf/ Sorensen hoped that authorities would do their outmost to ensure unfettered access for humanitarian aid workers to Humanitarian Aid & Civil Protection department (ECHO) “We are disturbed by threats made by some radical groups against national and interna- and will be implemented by partial humanitarian assistance ECHO said. “There are clear opportuni- and protection. “But a more lasting solu- opments through the reform U Aung/Xinhua camps in Kachin state. Sorensen said Myanmar has Claus Sorensen, director-General of the Humanitarian Aid and Civil Protection department of the European Commission (ECHO), speaks to media at a press conference in Yangon. ciliation and the peace process between the communities to ine and Kachin states to assess the humanitarian situation in the camps and communities. remain extremely concerned about the protection of thou- he added anmar to make an assessment of the humanitarian situation rnfjzpfNyD; United Nations World Food Program (WFP) rS taumif WFP od&onf/ y#dyu©rsm;aMumifh 'kuonfb0 a&muf © humanitarian aid to the most million in humanitarian aid. MuaMumif; od&onf/ Highway Holdings to Utilise Myanmar Operations for Manufacturing Yasumasa Hisada H ong Kong-based Highway Holdings Ltd announced last week it assembly manufacturing of one series of electric synchronous motors at the company’s subcontracting facility in Myanmar. The company said assembly – from parts and components “We appreciate our cus- products. Its manufacturing faChina. “The assembly of these motors in Myanmar complements our component manufacturing operation in China and enables us to realise meaningful cost- 10-year relationship continues Nasdaq Holdings Highway Myanmar Summary Highway Holdings Ltd Shenzhen He added that this is Highcustomer to utilise its capabili- are being shipped directly to the customer’s factory in Germany. ings produces products for orig- Kohl said he expects the customer’s entire line of synchronous motors will be assembled in Myanmar by September expectations that additional businesses will transition assembly work to the company’s operation in this country to take od&onf/ oGm;&rnfjzpfaMumif; Roland Kohl u
  11. 11. 11 December 5-11, 2013 Myanmar Business Today www.mmbiztoday.com
  12. 12. FEATURE 12 Myanmar Business Today www.mmbiztoday.com December 5-11, 2013 As Myanmar Modernises, Old Trades Are Outpaced By New Competitors green fungus across the street a good example. He spent 12 years as a political prisoner for Buddhist Yangon. central was released during an amnesty in 2011. When he emerged from he said. “It’s hard to make ends owned a mobile phone or used a A few blocks away is another trade that seems bound for obsolescence: the “ice water “Many mechanics don’t know shrine in thirst of customers with a block of ice that drips through a sock into a pitcher of water. Two wrinkled women compete for business by clanging metal cups The New York Times Myanmar Summary &mpkESpf0ufeD;yg; urÇmhEdkifiHrsm;ESifh - Jason Szep/Reuters the country. huge cemetery a few years ago giant shopping mall. Thomas Fuller F or years they poured out their hearts on the broken no choice but to use what the Burmese call roadside phone shops. to computers and email. The mimeograph machines and a whole neighbourhood of men To tourists who hail from - are under construction across the city. Air-conditioned supermarkets carry delicacies like be charming. stamps are being replaced by States. photocopiers. out and stalks of sugar cane are disappear in the name of progress. But the pace of change in knickknacks. On one stretch of rents out her two phone lines of newly imported cars. After decades when buying a car was beyond the reach of all but the introduced a form of democpoison and a large pile of women; the angry spouses; the duplicitous boyfriends who gush sweet nothings to one the same sweet nothings to another. decades. “The typewriting controls. business who was at an outdoor shop in clack of manual typewriters on a plastic stool impatiently nails as her customers chatted away. ally no more than a tiny table on the sidewalk and a few pushin Myanmar when the former obtaining a cellphone at thousands of dollars. But as this country opens to business is losing customers appearing from a rapidly modernising country. Who needs a roadside phone shop when you can now buy a cheap cellphone and call from anywhere you want? The list of soon-to-be obsolete professions is growing: The typewriter clerks who sit out- crowded and colorful. But the charm is lost on some here. It regular customers. But someday computers will replace all ber stamps on a Yangon street corner for the past decade. “No one would choose to work Myanmar today feels caught between centuries. A clerk next to Nwe Sanda paused who tries to support his wife and children on an income of about $200 a month. “We her smartphone and browsed Facebook. Shiny new cars pass her gon’s population now spends lots of time shielded from the The new cars replaced what populated Myanmar’s streets before the country opened up: It took him almost a year to master the art of hand- cars held together by the ingenuity of mechanics who welded needles and thread to repair torn engine hoses. But those resourceful mechanics can barely contain their which microprocessors control companies used for decades to ish colonial building that is so dilapidated that large plants grow out of cracks in the facade. onf/ Thu said. He works with his “The typewriting business is bad. We still have our regular customers. trains old mechanics in the ways of modern autos. Four two years. Myanmar’s mechan- But someday computers will replace all of this.” diagnostics. Contd. P 13...
  13. 13. 13 REGIONAL BIZ Myanmar Business Today www.mmbiztoday.com December 5-11, 2013 Singapore Woos MNCs to Build Up 3D Printing Sector Commercial applications in aerospace, medical technology sectors can take off in S’pore Teh Shi Ning T 3D printing tional companies to pick Singa- zGJUtpnf; (EDB) rS tjynfjynfqdkif&m manufacturing applications for their businesses. “We’re not ready to announce 3Dprinting nounce some good progress EDB Yeoh Keat Chuan Times managing director Yeoh Keat u Business Business Times. Thomas Peter/Reuters sonal 3D printers for hobbyists and the 3D printing of iPhone large-scale commercial applica- EDB that were recorded with 3D scanning technology by Gismo at the Raumfahrtagentur hacker space in Berlin. one location where commercial use by dentists by home-grown engineering sectors. The $15 million 3D printing technologies fund will be split among tember that it would build a $30 and are strong clusters in Singapore: aerospace and medical - A*Star said that the global the aerospace companies are Institute of Manufacturing Technology (SIMTech). could grow to an estimated - together layers and layers of - increasing number of them cal and aerospace applications. Business Times such as aerospace and medical technology. “If any country is aMumif; od&onf/ 3D tm;aqmif & G u f E d k i f onf h ae&maumif; 3D printing is also known as digital models. - research. Prime Minister Lee Hsien Loong also spoke during (A*Star) it eliminates the need to cut or - announced a Myanmar Summary new manufacturing technologies for Siam Commercial Bank Aims for 2014 Loan Growth Of 9-10pc Manunphattr Dhanananphorn S to sell at least $500 million to SCB onf/ iam Commercial Bank Pcl said last week it is aiming for loan growth of 9-10 percent in 10-12 percent this year. SCB expects loan growth based on assumption that the country’s economy will grow of Chalitaporn told reporters. Reuters Myanmar Summary rnfjzpfaMumif; SCB Kannikar Chalitaporn Siam Commercial Bank Pcl (SCB) pepfr sm;rSm um;a[mif;rsm;ESifh rsm;pGm 3D printing manufacturing 3D printing tm; additive [k odMuonf/
  14. 14. 14 REGIONAL BIZ Myanmar Business Today www.mmbiztoday.com December 5-11, 2013 Asian Airlines to Give Flight Plans to China After Airspace Zone Created Airlines forced to acknowledge China’s authority over new zone; Zone covers area about two-thirds the size of the UK; Beijing in war of words with Tokyo, Washington Airways Ltd also said Qantas air Ben Blanchard and Tim Kelly A said airlines to be rich in oil and gas. The would to exercise restraint. While Washington does not take a position on the - the new rules when operating in Brunei and Taiwan also claim making it one of the region’s Reuters Seoul said South Korean planes the area. Asia and Western diplomats and is therefore bound by treaty - acknowledge China’s authority - Myanmar Summary other countries that may be China published coordinates islands at the centre of a bitter odkY today;oGm;&zG,&SaMumif; od&onf/ f d was aimed at chipping away at the tiny uninhabited islands and the Diaoyu in China. While China said the new properly. Now they are stepping up their Kyodo/Reuters think-tank the PHP Institute. “China has already been sending its ships (there). It is clear China is trying to undermine said. A group of disputed islands, Uotsuri island (top), Minamikojima (bottom) and Kitakojima, known as Senkaku in Japan and Diaoyu in China is seen in the East China Sea. Japan and its ally the United States sharply criticised China's move to impose new rules on airspace over islands at the heart of a territorial dispute with Tokyo, warning of an escalation into the "unexpected" if Beijing enforces the rules. warning of an escalation into - China’s Defence Ministry said on Monday last week it had wary of any acknowledgement said Taiwanese carriers would “No one wants to be in a position where by following Chinese “China has already been sending its ships (there). It is clear China is trying to undermine Japan’s gion to non-mainland Chinese destinations would likely need to inform China of their plans. administrative control. Now they are stepping up their effort in the sky as well.” one Asian diplomat said. “And there is a fear that is precisely the game that is being played – it seems no accident that the disputed Senkaku islands are Korean Air said China’s procChinese authorities but the routes its pilots took would not aircraft seen to be approaching A spokeswoman for Qantas China also claims the South
  15. 15. 15 REGIONAL BIZ Myanmar Business Today www.mmbiztoday.com December 5-11, 2013 China Local Govt Debt at Manageable Levels, Though Some Risks Xiaoyi Shao C Samsung’s Marketing Splurge Doesn’t Always Bring Bang-For-Buck top-20 companies by sales – 5.4 accumulation of risks in some tors 3.5 percent. “When your brand doesn’t debt is at a controllable increasing in some areas and spending is probably the best ment debt and insists systemic Daily. head of brand consultant Interbrand’s Korean operation. “But maintaining marketing spend ment debt reached 10.7 trillion yuan ($1.76 trillion) by the end of 2010. Reuters wouldn’t bring much more benReuters in comments published last China’s public sector accounts for about 50 percent of the Myanmar Summary A model displays a Samsung Galaxy smartphone. Miyoung Kim S show. “Is this a singing competition or an extended Samsung Samsung said it will “continue expected to spend around $14 billion – more than into the building of public inResearch Science “We still need to wait for this Institute of Fiscal Jia Kang money. The outlay buys the South Korean technology giant puband nail polish while the men total debt ratio of the public sec- He was referring to internationally accepted ways of meas- dio City Music Hall. Google Inc spent less on buying Motorola’s handset business. debt as a percentage of GDP no secret of keeping up its ag- age of GDP. tion splurge as it seeks to make its brand as aspirational as Apple Inc’s. But the money it’s spending doesn’t always bring the desired result. Samsung the company’s new fridge and washing machine launch in South Africa drew similar complaints as it featured swim-suit dancers. “Samsung’s marketing is too brand to become one of the world’s leading aspirational the world’s most an image they aspire to: beketing campaigns stress that associate professor at the business school of Seoul National between the aspiration and how consumers actually respond to the campaign. It’s got to be published. could not lower its guard on potential risks arising from while focusing on optimising New York launch of its latest top-of-the-range Galaxy For a company long seen as a blatant product placement in a Samsung spends a bigger a product placement deal with than any other of the world’s
  16. 16. 16 REGIONAL BIZ Myanmar Business Today www.mmbiztoday.com December 5-11, 2013 Maid in Singapore: Will Cambodian Domestic Workers be Better Protected? Kevin Ponniah T hol Srey Mach is one of 400 women taking part in a pilot scheme that is sending Cambodian domestic workers to Singapore. agency fees. If the worker rewill still be tied to the loan. well it could open the way for a new source of labour to sate the based Association of Licensed gapore (Alras) stopped sending domestic workers to Singapore in protest against salary deduc- household help. are illegal under Filipino law. plastic babies and brushing up law has set a two-month cap on fees that local agencies can deduct from a worker’s salary. But - recruitment centre. continued to deduct salaries for foreign domestic workers on seas for many of these women would be working in a garment $75 per month. salary will ultimately depend Vivek Prakash/Reuters about $360 a month in Singa- which represents 110 Filipino agencies. “It is high time we think about the welfare of the said. Singapore’s ministry of manpower told the Guardian it had Susan, a 36-year-old maid from the Philippines, works at her employer's house in Singapore. About half of Singapore's 170,000 foreign maids do not have a rest day according to the Unitied Nations Development Fund for Women (UNIFEM). guaranteed minimum wage. Workers from poorer countries such as Burma are marketed domestic workers to Malaysia ings and sexual exploitation emerged. Two Cambodian agencies participating in the Singapore scheme were allegedly implicated in some of those cases. will be better protected in Singapore. But rights groups point to large placement fees and a lack of guaranteed rest days as potential welfare issues. Although Singapore has Myanmar Summary they talk about workers in these to enforce the laws of another They won’t complain and will do what they are told … There is which regulates working condiworkers. Although workers’ welfare has from Transient Workers Count pretty normal for Singapore employers to expect to pay for Filipino workers’ share of the market had plummeted from 90 percent two decades ago to 20-30 percent today because they will turn to those countries that still allow their maids to allowed to pay workers extra in lieu of a rest day if they agree. transferred to the worker – and Mach says she won’t take a day The Philippines is the only said. the landmark International La- work more so we can get more Cambodian workers’ rights Singaporeans to pay the placeSingaporeans complain that among other rights protections – bans salary deductions to pay placement fees. Manila’s tough stance has pushed up demand for domestic ployers knowing it will be harder to get Filipino workers to forfeit know the Filipinos will stand The Cambodian women will onf/ The Guardian od&onf/ “The Cambodian government has said it believes its workers will be better protected in Singapore. But rights groups point to large placement fees and a lack of guaranteed rest days as potential welfare issues.” rsm;rS ay;&onf/
  17. 17. 17 REGIONAL BIZ Myanmar Business Today www.mmbiztoday.com December 5-11, 2013 Changed Weekend Irks Business Community in Johor Oliver Slow T he decision to change weekends to Fridays and Saturdays in the southern been met with a mixed reaction in the region’s business community. ernment departments would work on Sundays instead of Friday in order to allow Muslims to Johor Bar prayers and also to encourage families to include their children in the Friday prayer Loh Liam Hiang the choice of either following more traditional Sunday weekend. Saturday- if they chose to stick with the Saturday-Sunday weekend. Sam Gao ber of Commerce and Industry president Loh Liam Hiang said export-oriented and trade The city of Johor Bahru, capital of Johor, Malaysia. Tour Guides Council President problem. “This is a waste of three days. rest was a decision made by people who wanted to empha- Former Malaysia Prime Min- Saturday and Sunday as the who ruled the country from lish a standard weekend for the four days per week to go to Another ated a Friday-Saturday week- He wrote about his attempts in his memoirs A Doctor in the other states in the country operate a Friday-Saturday weekend. Myanmar Summary Singapore-based handphone dealer who operates told New Straits Times. and trading companies may New Straits Times that might need to force some of his workers in Singapore to 2011. “I prefer a Sunday weekend because working while nobody Johor order to liaise with branches in impact from the change in rest costs. would be. in neighbouring Singapore that the economy and that in areas - of today’s globalised world is He added that a Sunday weekend is generally practised due to the religious connotations Singapore (SBF) Johor jynfe,f Business Federation Ho Meng Kit Johor nesses operate almost 24 hours “Choosing Friday as a day of week. The change in rest days is not much of a downside. More destination. - Johor “The move will make conducting busi- Malaysia Chamber of ComSri Shahrir Samad. four working days. If you are going to transfer goods and ser- are from Singapore and other ends. With the state’s weekly One Singaporean businessoperates a real estate business in Singapore with businesses in need not crowd into our theme parks and shopping malls with you have a Singapore company with a Johor subsidiary, there will only be four working days. If you are going to transfer goods and services between the headquarters and the subsidiary, you could only do it on four days.” Johor Frederick Chong od&onf/
  18. 18. 18 INTERNATIONAL BIZ Myanmar Business Today www.mmbiztoday.com December 5-11, 2013 Bitcoin Price Zooms Through $1,000 as Enthusiasm Grows Wanfeng Zhou T he price of the digital currency bit- US Jobs Picture Improving, Manufacturing May Be Slowing Lucia Mutikani T he extending a 400 percent surge in less than a month that some see as a growing bubble in an asset that is still a mystery to many. Bitcoin hit a high of day. At the beginning of the but continued weakness in business spending on capital goods suggested slower economic growth have been around since 2008, and have become a form of electronic money that can be exchanged without using traditional banking or money transfer systems. Bitcoins, touted by some experts as the future of money, gained in community saying that bitcoin is used for good things and there’s a lot of members ing to its limited supply and increasing demand. “A narrow asset class of Myanmar Summary spokeswoman for the Bitcoin Foundation in Washington. is a lack of regulatory ment spending. A separate report from the Commerce Department showed nondefense capital goods orclosely watched proxy for dropped 1.2 percent last month. It was the second monthly decrease in these so-called core capital goods. The data surprised Wall Street economists Mt Gox perhaps bitcoins most notably struck fear among others and confused the heck out Thomas Carper told the Senate Homeland Security Committee earlier this month. authorities an online shut down marketplace was used for purchasing drugs and hiring hit men. More than 200 bitcoin businesses and other merchants participated in a bitcoin Black Friday say the Senate hearing ling the gains. mists’ expectations for a There is also a good chance that the October Bitcoin which was used instead of cash or credit cards to complete transactions on concern that it is notable for its use in criminal October. But while the labour onf/ laundering. ment community but has yet to become an accepted form of payment on the bor Department said on Wednesday last week. The second straight week and raised hopes for strong payroll growth in Congress rency strategist at Societe Generale in New York. Bitcoin trades 24 hours a the currency. It has been gaining acceptance by the consumer sentiment increased to 75.1 for bitcoin Bitcoin $12.9 billion at recent prices. Bitcoin is not backed by physical assets and is not run by any person or market tone has helped to boost consumer sentiment. The Thomson businesses appear to be bitcoin many users for its ano- recently stood at 12 mil- might start to wind down its economic stimulus sooner rather than later. Initial claims for state nent digital currency that traded at around $215. The spike in its price has of new claims for unemployment aid un- Jim Urquhart/Reuters best-known operator of a bitcoin digital market- number fanning speculation that from airplane tickets to Christmas trees to organic beer. od&onf/ Contd. P 19...
  19. 19. 19 INTERNATIONAL BIZ Myanmar Business Today www.mmbiztoday.com December 5-11, 2013 WTO Talks Fail to Agree on Global Trade Deal Text Tom Miles M arathon talks on the World Trade to agree on a text to put to ministers who meet in Bali in December. The fate of the agreement to streamline customs procedures and speed up global trade could now hang on whether the min- lomats from the 159 member countries through a punishing 10 weeks of talks to try to agree a text for the ministers to rubber-stamp. rnfjzpfaMumif; od&onf/ od&onf/ October. “The picture of manufacturis not being captured in the aMumifh US Federal Reserve tae nomics in New York. suggested some ebbing in the agreement. onf/ onf/ and hinted that a 16-day partial dence. Reuters meeting by simply thanking Myanmar Summary early next month at the WTO’s biennial conference in Bali. The International Chamber of Commerce says the deal would add $960 billion to the world economy and create in the WTO as a forum for trade negotiations. The proposed accord includes elements of the Doha round 2001 but repeatedly failed to - pD;yGm;a&;ynm&Sifr sm;taejzifh tpdk;& gress at times had been glacial. “We spent nine hours on one paragraph this morning. Once - onf/ Indian crop stockpiling plan that is exempt from WTO subsidy rules and a challenge to the Lagarde Turkey also has concerns about - is Central American resistance to demands to stop using customs brokers to handle trade. Reuters Kyaw Maung. She is also sched- leaders and policy makers as opposition leader Aung San Suu Kyi. Myanmar by participating in the Myanmar Women’s Forum to highlight the role of women in the economy and will also speak to students at the Yangon Deputy Prime Minister and Fi- Myanmar Women’s Forum Kim Choongsoo. She will also address students at a town hall meeting at Seoul National said. participate in the inauguration engagement with Myanmar recently following a raft of reforms undertaken by the cur- Green Climate Fund and attend a signing ceremony with Deputy Prime Minister and Finance Minister Hyun on Korea’s contribution to the IMF’s capacity building program. aMumif; tjynfjynfqi&m aiGaMu;&efykH kd f - jynfqdkif&m aiGaMu;&efyHkaiGtzGJUonf &maiGaMu;&efyHkaiGtzGJUrS managed pepftm; jrefrmEdiirS k f H Files - jynfqdkif&m aiGaMu;&efyHkaiGtzGJUrS ajym Lagarde World Trade Organization (WTO) Director General Roberto Azevedo informs the media about the next ministerial meeting on Bali during a press conference, after the General Council at the headquarters of the World Trade Organization in Geneva, Switzerland. ing technical assistance to the Central Bank of Myanmar to Myanmar Summary aMumif; od&onf/ Lagarde Myanmar’s economy would expand 6.75 percent in 2013-14 uarÇm'D;,m;ESifh jrefrmEdkifiH oHk;EdkifiHodkY onf/ tjynf j ynf q d k i f &muk e f o nf B uD ; rsm; Lagarde Lagarde onf uarÇm'D;,m;EdkifiHrS she is expected to meet King Park Geun-hye Lagarde taejzifh oGm;
  20. 20. 20 INVESTMENT & FINANCE Myanmar Business Today www.mmbiztoday.com December 5-11, 2013 Educating Yourself Financially David Mayes I am often asked by clients what sort of things they can read to increase their George Clason The Richest Man in Babylon pmtkyf ESifh Napoleon Hill Think and Grow Rich large bookstore you are prob- toH;k 0ifaeao;onfukd odjrifEionf/ kd f the number of books written by in general I think it is wise to enf;ynmydkif;qdkif&m ta&;tom;rsm; dren would be to read a book randbsolutions.com by Napoleon Hill. The second is cautiously is how most fortunes are made. In today’s world is a set of principles to follow rsm;udk ay;pGrf;Edkifaom pmtkyfrsm;onf Myanmar Summary keep in mind this is either a full time profession where the youngest and sharpest minds of ancient Babylon. Long before losses. Babylon produced an extremely basis on which they grew and compounded their wealth is still more technical bits and pieces thing of utmost importance is ence between speculating and retire rich. If you are interested his approach as closely as you can. Otherwise simply dollar by placing a small amount of fund which mirrors the return 20+ years you will surely come out far ahead of the crowd. portion of that book section I - remember speculation is only reading is as important as knowing what to read. Books on options trading strategies are great if you want to be a full time speculator and are explor- educating yourself stick to the classics. Choose a boring but tried and tested strategy that can take a small portion of your wealth and try your hand at David Mayes MBA provides wealth management services to expatriates throughout Southeast Asia, focusing on UK Pension Transfers. He can be reached at david.m@ faramond.com. Faramond UK is regulated by the FCA and provides advice on pensions and taxation. Views expressed here are his own. David Mu&onf/ Mayes David Mayes Edkifonf/ Kyaw Min apanese photography and Corp has established a - market needs of the local area and expand sales channels. It will increase sales of medical products such as diagnostic - company expects growth. Business operations will comsaid. focused on the sales of imaging While aiming for further enhancement of its business foundation in Southeast Asia where ing attention as a market where continuous economic growth is jzpfaMumif; onf/ company said. th local subsidiary in of industries in each country. Also known as the “last fronproximately twice the land area since the 1970s. of a local subsidiary will enhance sales and technical support to been progressing. Due to increased labour population and The paid-in capital for the subsidiary is ¥20 million Myanmar Summary onfh onf jrefrm of approximately 60 million people. Since the establishment rnfjzpfaMumif; jzpfNyD; rS ajymMum;
  21. 21. 21 INVESTMENT & FINANCE Myanmar Business Today www.mmbiztoday.com December 5-11, 2013 Myanmar Moves to Bring Finances Out of The Shadows tered receipts of K2.54 trillion expenditures of 2.26 trillion 28 percent of total budgeted spending. Winning over the voters target problem areas at a rapid fast-paced process. broader reform together with the publication jzpfonfh Heritage Foundation rS Soe Zeya Tun/Reuters being negotiated more openly. Accountability is also a key in light of the elections that the country is set to hold in 2015. Employees work at the Myanmar central bank's headquarters in Nay Pyi Taw. As Myanmar opens up after almost 50 years of army rule, and foreign investors descend on the resource-rich country of 60 million, its long-isolated institutions are struggling to keep up, raising the risk of a policy misstep that could wreck stability in this nascent democracy. W ith wide-ranging re- the broad range of groups calling for transparency to be aMumif; od&onf/ - the transparency of businesses into the mainstream economy. The state’s budget remained largely - position. Aware of the challenges that educated guess. Local business the institution put an emphasis on making expenditures more accountable and allocating re- business dealings shadow economy at between 30 tration with huge potential for under its belt after deciding to open up the country to watchwidely expected to be a gradual one. With information and histori- up enforcement. are generally in line with the The decision to open up Myanmar’s markets to the outside approach will yield the best results. When local parties begin ing that as Myanmar’s comto track. According to the World for both nationals and global - businesses will be encouraged to come out of the shadows and participate in the country’s actual and budgeted expenditures has increased in recent - - could change. to 20.2 percent in 2010-11. The World Bank also pointed - tion of resources. tional trade. Major task ahead a gargantuan task in putting its will be looking to draw more boost tax collection. Tracking spending A recent World Bank study OBG Myanmar Summary aqmif&Guf&ef tm;ay;oGm;rnfjzpfNyD; a lack of arrears monitoring. Other concerns included exten- management highlighted many - - “Local business representatives put MyNy;D aqmif&uom;&rnfjzpfaMumif; od& G f G onf/ anmar’s shadow economy at between 30 think tank the Heritage Founlowest tax-to-GDP ratios in the providing the administration with huge onf/ jrefrmEdiiom;rsm;omruurÇmrS k f H potential for boosting tax revenues.” of taxation is complicated by the fact that Myanmar’s GDP is also oGm;rnf[k od&onf/
  22. 22. 22 INVESTMENT & FINANCE Myanmar Business Today www.mmbiztoday.com December 5-11, 2013 Power Shortages Hold Myanmar Back Eric Jiang T he recent protests in Yangon against a hike in shed some light on Myanmar’s serious power crisis. In the past three years Myanmar has witnessed the suspen- resources are undoubtedly nature’s gift and Myanmar’s best choice for clean power generation. recent proposal for a price hike was strongly opposed by the public. power sources. The production cost of hydropower is only 25 to 50 percent of other types Liu Rui/GT of their water resources. The demonstrations against blackouts in big cities like Yangon against the rate rise. in Myanmar it is less than 3 percent. That’s partly why Myanmar faces this awkward situation. Catering to the public’s de- water resources is undoubtedly a long-term choice. “It will be unrealistic if there are no more wind or solar-power in Myan- also pointed out that the ecoresponsible remarks about the are common in the local media estation for farmland reclamamining. on September 3. anmar urgently needs to tackle these problems. Myanmar’s rate is K35 ($0.036) for household subscribers per 30 percent of the population. The lack of power for both industrial and household use percent of electricity in Myan- There are two main reasons for this power shortage. The deteriorated in the past decades K185 billion per annum according to local media reports. The electricity generated from other assessment from comprehenhydropower plants will be op- much more. to subsidise 10 billion kilowatt the customers in border areas couldn’t be reached because of Generally it takes 20 to 30 the public and the nation. Some analysts hold that conconcerning the Myitsone dam They say that the essence of the problem is that politics consumption increases sharply estimated to grow at 15 percent for the personal gains of some politicians. transmission networks based continue these subsidies and it regions. opportunities to help locals to abandon their outdated and dropower construction is not more power for the system in the dry season as well as power grid is outdated. the demand of electricity for stagnation since the suspension The public desire to escape darkness cannot be ignored during Myanmar’s democratic transition. It’s time for Myanmar to face up to its power shortages. The author is an employee of a Nay Pyi Taw-based company. Views expressed here are his own. Myanmar Summary U Aung/Xinhua ae&onf/ atmufom&Saeao;onf/ d
  23. 23. 23 INVESTMENT & FINANCE Myanmar Business Today www.mmbiztoday.com December 5-11, 2013 Aye Myat S ingapore Post Ltd (SingPost) last week announced that it has launched a new remittance corridor to Myan- Cooperative Bank (CB Bank) and growing our network of institutional partners to enhance The Myanmar community in Singapore is estimated to be added. The money will be remitted in transfers from Singapore to exchange rate determined at the partnerships with four banks in Myanmar – Asia Green De- and Tun Foundation Bank (TFB). “Our partnerships with AGD of AGD Bank and CB Bank at SingPost said. A transfer fee of S$8 applies for each remittance transaction. Funds remitted before 12 noon (Singapore time) on a 0.15 percent of the remittance amount. Myanmar senders can also remit salaries back home for Myanmar Summary SingPost Singapore Post Ltd (Sing Post) Marjorie Ooi interest rate of 8 percent per for cash collection or credited To access SingPost’s remitaccount on the same day after direct bilateral relationships tion on the next business day. SingPost CASHOME EdkifiHodkY bank branches across Myanmar account number and remittance amount. ukefusoGm;rnfjzpfaMumif; od&onf/ Philips Sets Up Lighting Operations with Local Partners Aims delivering energy efficient and sustainable lighting solutions in Myanmar Htet Aung billion and employs approxi- D utch multinational engineering and electronics conglomerate Philips announced last week that it has set up its lighting operations in Myanmar. Philips appointed three local distributors to meet the 100 countries. Myanmar Summary BuD;jzpfonfh Philips lighting organisations looking to install od&onf/ company said. Philips – Pahtama Group will supply Philips Lighting products to Philips representatives launch the company's lighting programme in Yangon. ergy supply and this is likely Philips said its consumer lighting udk Philips Philips said its re-entry into healthcare help the city’s growing urban population continue the ecoof Yangon by bringing sustainPhilips said. current energy infrastructure will come under increasing Yangon currently consumes 45 percent of Myanmar’s en- and consumer solutions as they can help meaningfully bring electricity demand and supply into Mieke said by switching Myanmar’s long-term business opportunity. key cities across the country. with the Yangon Heritage Trust working with stakeholders to build Myanmar’s health infrastructure. It has introduced the Lighting JJ-Pun ESifh Power Light cultural heritage of Yangon through the use of its sustain- technologies such as Lightan estimated $ 9.7 million in reduced electricity costs and 45 kilotonnes of CO2 annually. rnfjzpfNyD; Pahtama Group rS Philips rnfjzpfaMumif; od&onf/ and has started a year-long program of clinical education in association with the Myanmar to highlight key cultural heritage sites throughout Yangon.
  24. 24. 24 Myanmar Business Today www.mmbiztoday.com December 5-11, 2013 INTERNATIONAL AND DOMESTIC FLIGHT SCHEDULE Flights from Yangon (RGN) to Bangkok (BKK) g s o g N Flights from Bangkok (BKK) to Yangon (RGN) g s o g K a Flight No. Days y From To ETD ETA Operated by: Flight No. Days y From To ETD ETA PG 706 1 2 3 4 5 6 7 RGN BKK 7:15 9:30 Bangkok Airways 8M336 1 2 3 4 5 6 7 BKK RGN 6:40 7:25 Operated by: MAI FD2752 1 2 3 4 5 6 7 RGN DMK 8:30 10:20 Thai AirAsia FD2751 1 2 3 4 5 6 7 DMK RGN 7:15 8:00 Thai AirAsia 8M335 1 2 3 4 5 6 7 RGN BKK 8:40 10:25 MAI TG303 1 2 3 4 5 6 7 BKK RGN 8:00 8:45 Thai Airways TG304 1 2 3 4 5 6 7 RGN BKK 9:50 11:45 Thai Airways PG701 1 2 3 4 5 6 7 BKK RGN 9:05 9:55 Bangkok Airways PG702 1 2 3 4 5 6 7 RGN BKK 10:45 12:40 Bangkok Airways FD2755 1 2 3 4 5 6 7 DMK RGN 11:35 12:20 Thai AirAsia FD2756 1 2 3 4 5 6 7 RGN DMK 12:50 14:40 Thai AirAsia TG301 1 2 3 4 5 6 7 BKK RGN 13:00 13:45 Thai Airways TG302 1 2 3 4 5 6 7 RGN BKK 14:45 16:40 Thai Airways FD2753 1 2 3 4 5 6 7 DMK RGN 16:20 17:05 Thai AirAsia 8M331 1 2 3 4 5 6 7 RGN BKK 16:30 18:15 MAI PG703 1 2 3 4 5 6 7 BKK RGN 17:05 17:55 Bangkok Airways Thai Airways FD2754 1 2 3 4 5 6 7 RGN DMK 17:35 19:25 Thai AirAsia TG305 1 2 3 4 5 6 7 BKK RGN 17:55 18:40 PG704 1 2 3 4 5 6 7 RGN BKK 18:45 20:40 Bangkok Airways 8M332 1 2 3 4 5 6 7 BKK RGN 19:20 20:05 MAI TG306 1 2 3 4 5 6 7 RGN BKK 19:40 21:35 Thai Airways PG705 1 2 3 4 5 6 7 BKK RGN 20:15 21:30 Bangkok Airways Flights from Yangon (RGN) to Chiang Mai (CNX) g s o o ) a i W9-9607 4 7 RGN CNX 14:50 16:20 Flights from Chiang Mai (CNX) to Yangon (RGN) g s o g C Air Bagan W9-9608 4 Flights from Yangon (RGN) to Singapore (SIN) lg s o g N n MI509 1 RGN SIN 0:25 5:00 SilkAir SQ998 8M231 1 2 3 4 5 6 7 RGN SIN 8:30 13:00 MAI 8M6231/3K585 SQ997 1 2 3 4 5 6 7 RGN SIN 10:25 14:45 Singapore Airline 8M232 1 RGN SIN 11:30 16:05 Jetstar Asia MI518 8M6232/3K586 6 3 4 5 6 7 CNX RGN 17:20 17:50 Air Bagan Flights from Singapore (SIN) to Yangon (RGN) lg s o a 1 2 3 4 5 6 7 SIN RGN 7:55 9:20 Singapore Airline 1 SIN RGN 9:10 10:40 Jetstar Asia 1 2 3 4 5 6 7 SIN RGN 14:10 15:40 MAI 1 2 3 4 5 6 7 SIN RGN 14:20 15:45 SilkAir 3 4 5 6 8M233 5 6 7 RGN SIN 13:45 18:15 MAI 8M234 5 6 7 SIN RGN 19:15 20:45 MAI MI517 1 2 3 4 5 6 7 RGN SIN 16:40 21:15 SilkAir MI520 5 SIN RGN 22:10 23:35 SilkAir Flights from Yangon (RGN) to Kuala Lumpur (KUL) i t r m n a u 7 Flights from Kuala Lumpur (KUL)to Yangon (RGN) g t r o n AK859 1 2 3 4 5 6 7 RGN KUL 8:30 12:50 AirAsia AK859 1 2 3 4 5 6 7 KUL RGN 6:55 8:00 AirAsia 8M501 1 2 3 4 5 6 7 RGN KUL 8:55 12:55 MAI MH740 1 2 3 4 5 6 7 KUL RGN 10:05 11:15 Malaysia Airlines MH741 1 2 3 4 5 6 7 RGN KUL 12:15 16:30 Malaysia Airlines 8M502 1 2 3 4 5 6 7 KUL RGN 14:00 15:00 MAI AK1421 1 2 3 4 5 6 7 RGN KUL 17:15 21:30 AirAsia AK1420 1 2 3 4 5 6 7 KUL RGN 15:40 16:45 AirAsia VN956 1 2 3 4 5 6 7 Vietnam Airlines VN957 1 2 3 4 5 6 7 Flights from Yangon (RGN) to Hanoi (HAN) g t r n G H RGN HAN 19:10 Flights from Hanoi (HAN) to Yangon (RGN) g t r n N n R 21:30 Flights from Yangon (RGN) to Ho Chi Minh (SGN) lg s o h VN942 2 4 6 7 RGN SGN 14:25 17:10 Vietnam Airlines VN943 2 Flights from Yangon (RGN) to Taipei (TPE) lg s n G T CI7916 1 2 3 4 5 6 BR288 2 TPE 10:50 16:10 China Airline CI7915 RGN TPE 11:35 17:20 EVA Air BR287 CA906 2 3 4 6 7 RGN KMG 14:15 17:35 Air China 2 CA905 RGN KMG 14:40 17:55 China Eastern MU2031 RGN KMG 12:20 18:10 China Eastern (via NNG) MU2011 3 6 2 3 4 6 7 RGN BJS 14:15 21:55 Days y MU2012 3 1 2 4 Air China (via KMG) To ETD ETA Operated by: 16:25 China Eastern 6:00 8M711 2 CZ3056 KA250 1 5 RGN CAN 8:40 13:15 MAI Days y CAN 11:20 15:50 China Southern Airline AI234 CAN 17:40 22:15 China Southern Airline CZ3055 8M 601 1 13:15 Air China 14:00 China Eastern KMG RGN 8:25 11:30 China Eastern (via NNG) 3 AI234 1 NH914 1 To ETD ETA Operated by: Days y 1 RGN CCU 18:45 19:45 Air India AI227 RGN CCU 13:40 16:55 Air India (via GAY) 3 2 RGN GAY 10:30 11:50 MAI 8M 602 5 RGN GAY 13:40 15:00 Air India 1 3 ALL NIPPON Airways NH913 22:00 06:40+1 5 RGN ICN 0:05 8:00 Korean Air KE471 RGN ICN 0:50 8:50 Asiana DOH 8:00 11:45 3 RGN FRA 5:35 16:40 Qatar Airways QR618 UB-A1 UB-B1 UB-C1 UB-A1 UB-A1 6T211 6 7 7 1 1 2 1 2 3 1 1 2 3 1 2 3 1 2 3 1 2 3 4 4 5 5 4 5 4 4 5 4 5 6 7 6 7 6 7 6 7 6 7 8:40 10:30 RGN 14:15 15:45 MAI RGN 14:45 16:35 China Southern Airlines To ETD ETA 10:35 13:20 Air India CCU RGN 13:30 18:00 Air India (via GAY) 3 Operated by: 5 6 GAY RGN 12:50 16:00 MAI GAY RGN 15:00 18:00 Air India 1 3 6 1 NRT 23 4 5 6 7 3 6 1 2 3 4 5 6 7 Condor Air (via HKT) RGN 11:10 17:05 ALL NIPPON Airways ICN RGN 18:40 22:55 Korean Air ICN RGN 19:30 23:40 Asiana DOH RGN 21:05 06:29+1 Qatar Airways DE2368 2 FRA 12:40 4:25+1 Condor Air Flights from Nay Pyi Taw (NYT) to Yangon (RGN) lg s o y N n Flight No. RGN RGN RGN RGN RGN RGN NYT NYT NYT NYT NYT NYT 7:45 11:30 16:00 8:00 15:30 15:30 8:45 12:30 17:00 9:00 16:30 16:25 FMI UB Charter FMI UB Charter FMI UB Charter FMI UB Charter FMI UB Charter Air Mandalay UB-A2 UB-B2 UB-C2 UB-A2 UB-A2 6T212 1 2 3 4 5 1 2 3 4 5 1 2 3 4 5 YH 910 YH 918 YH 728 YH 732 W9 502 K7 223 YJ 202 1 1 1 1 1 1 1 Yangon Airways Yangon Airways Yangon Airways Yangon Airways Air Bagan Air KBZ Asian Wings RGN Days - (1) Monday (2) Tuesday (3) Wednesday (4) Thursday (5) Friday (6) Saturday (7) Sunday ) s a e ) 5 ) 7 All the flight schedules are subject to be changed without any prior notice by the airlines. d e e u t o d y c (+1) means next day Operated by: 8:10 8:30 13:25 17:10 7:25 8:40 12:55 China Southern Airlines RGN CAN RGN ETA 6:30 6:10 11:15 15:00 6:00 6:30 11:30 Dragon Air CCU ETD MDY MDY MDY MDY MDY MDY MDY 23:35 From To RGN RGN RGN RGN RGN RGN RGN 21:20 5 Days y From 6 7 7 1 Flights from Yangon (RGN) to Mandalay (MDY) i t r o n YH 909 YH 917 YH 727 YH 731 W9 501 K7 222 YJ 201 RGN 5 From 1 2 3 4 5 1 2 3 4 5 1 2 3 4 5 HKG Flights from Frankfurt (FRA) to Yangon (RGN) lg s o k R Flights from Yangon (RGN) to Nay Pyi Taw (NPT) g s o w Days y Operated by: China Eastern Flights from Doha (DOH) to Yangon (RGN) t r h R Days - (1) Monday (2) Tuesday (3) Wednesday (4) Thursday (5) Friday (6) Saturday (7) Sunday ) s a e ) 5 ) 7 d e e u t o d y c All the flight schedules are subject to be changed without any prior notice by the airlines. (+1) means next day Flight No. ETA 11:30 5 Flights from Yangon (RGN) to Frankfurt (FRA) lg s o N a DE2369 ETD 10:15 CAN Days y 1 OZ4753 RGN To RGN Flights from Seoul (ICN) to Yangon (RGN) g s o ) n G 7 1 2 3 4 5 6 7 Air China (via KMG) Flights from Tokyo (NRT) to Yangon (RGN) i t r k T a R 7 4 13:15 CAN 7 5 Flights from Yangon (RGN) to Doha (DOH) lg s n G O QR619 6 AI233 NRT 8:05 Flights from Gaya (GAY) to Yangon (RGN) g s y n G 5 6 RGN RGN NNG 7 4 1 Flights from Yangon (RGN) to Seoul (ICN) g s n G C KE472 5 AI233 6 BJS From 6 3 Flight No. 3 6 7 3 Flights from Yangon (RGN) to Tokyo (NRT) g t r n G N OZ7463 6 2 3 4 Flights from Yangon (RGN) to Gaya (GAY) g s n G A 3 EVA Air Flights from Kolkata (CCU) to Yangon (RGN) h o k U a R From 5 1 China Airline 10:35 12:40 8M712 5 AI228 10:05 7:30 13:30 Flights from Yangon (RGN) to Kolkata (CCU) h o g o C Flight No. 7:15 RGN RGN CZ3055 RGN 7 6 RGN Flights from Guang Zhou (CAN) to Yangon (RGN) lg s o C n RGN 4 3 TPE TPE 5 6 Hong Kong (HKG) Flights from Yangon (RGN) n a Dragon Air Flights from Yangon (RGN) to Guang Zhou (CAN) lg s o n u CZ3056 Vietnam Airlines RGN MU2011 1:00 13:25 KMG Flight No. 12:20 HKG 11:40 Flights from Nanning (NNG) to Yangon (RGN) g s o n N a NNG RGN RGN KMG CA905 RGN 6 SGN 6 7 Flights from Yangon (RGN) to Hong Kong (HKG) g s o o ) n KA251 Vietnam Airlines Flights from Beijing (BJS) to Yangon (RGN) lg s j S n R From 6 6 7 2 3 4 Flights from Yangon (RGN) to Nanning (NNG) g s o g N a Flight No. 18:10 1 2 3 4 5 6 7 Flights from Yangon (RGN) to Beijing (BJS) lg s n G CA906 16:35 Flights from Kunming(KMG) to Yangon (RGN) lg s o m M 1 2 3 4 5 6 7 MU2012 4 1 2 3 4 5 6 7 Flights from Yangon (RGN) to Kunming(KMG) lg s o g N MU2032 RGN Flights from Taipei (TPE) to Yangon (RGN) lg s E n RGN 5 6 HAN Flights from Ho Chi Minh (SGN) to Yangon (RGN) lg s o i S n To ETD ETA Operated by: NYT NYT NYT NYT NYT NYT RGN RGN RGN RGN RGN RGN 9:15 13:00 17:30 10:00 17:00 16:45 10:15 14:00 18:30 11:00 18:00 17:40 FMI UB Charter FMI UB Charter FMI UB Charter FMI UB Charter FMI UB Charter Air Mandalay Flights from Mandalay (MDY) to Yangon (RGN) i t r d D 3 2 3 4 2 2 2 2 3 3 3 3 6 7 5 4 5 6 4 4 5 6 7 4 5 6 7 MDY MDY MDY MDY MDY MDY MDY RGN RGN RGN RGN RGN RGN RGN 7:40 8:30 9:10 17:10 16:10 9:00 16:00 10:30 10:25 11:05 19:15 18:15 11:05 17:25 Yangon Airways Yangon Airways Yangon Airways Yangon Airways Air Bagan Air KBZ Asian Wings
  25. 25. 25 PROPERTY & REAL ESTATE Myanmar Business Today www.mmbiztoday.com December 5-11, 2013 Construction Materials Prices Drop Real Estate Market Remains Slow due to Capped Prices Phyu Thit Lwin S according to real estate traders in the city. With spiralling land prices naduced a scheme to try and tackle township in which the property ship in Yangon being one of the buying properties fell silent when the news came that the - According to Deputy Finance Kyaw Min better control taxes. has ensured that high land - D emand for construction materials in Myanmar has dropped in recent Ko Than Aung from Aswe Taw Construction Material. “Businesses will be better again in of purchases compared with the high supply has led to a fall in materials traders say. which are measured in boxes been curbed. added. concerned with building and ($70). Cement too has seen a small drop. “One bag of cement was Traditionally in Myanmar aged to spend the lent period from Toe Kyaw Construction Material shop. house during the period. “As this is towards the end and sandstone is remaining Soe Zeya Tun/Reuters Myanmar Summary a&mif;0,fa&;qdkifr sm;rS od&onf/ A labourer works in a construction site in Yangon. Myanmar Summary onf/ u ajymonf/ onf/ aMumif; od&onf/
  26. 26. 26 PROPERTY & REAL ESTATE Myanmar Business Today www.mmbiztoday.com December 5-11, 2013 Income, Property Disparity Interlinked: Economists stability. “People say that when a coun- Oliver Slow M yanmar must deal with the concern regarding come disparity can be eased. In property distribution in the economists in the region. sor from the Applied Geology department from the Yangon increase monumentally in comsurge of interest from foreign distribution] with the property distribution here. A handful of while 99 percent of the people are extremely poor and many ernment can ensure economic growth and a well-distributed from selling natural gas to Reuters He added that part of the issue in income distribution is impacted by the property situation in the country. “Almost all of the land in the country is in the possession of the extremely wealthy. to ensure that its economic policies ensure that this growth cation and healthcare to further at the economic forum which was organised by May Kha Foundation. Chairman of the MCC Group Tin Win Aung said. “Political parties should speak about these things. They should not be waiting in line for the GDP is likely to grow from $45 billion to $200 billion by 2030. Myanmar Summary MCC Group should also show its commit- rsm;udk ajz&Si;f oGm;&rnfjzpfaMumif; pD;yGm; come distribution in the country According to an economic report earlier this year from could in turn lead to political Star City A5 Apartments Only for Rent Phyu Thit Lwin P roperties in the A5 section of the Star City Housing K1.46 billion ($1.48 million) in Myanmar Summary FMI A5 those in the A2 building will and A4 sections remain under construction and are expected to be ready by the end of 2014 and almost all of the apartments 90 percent of apartments in FMI t& od&onf/ ttHkudk A1 sold and 60 of B2 and B5 apartments are up for sale. B3 and B4 apartments were put up for Phyu Thit Lwin The Star City Housing de- A part of the Star City Housing Development project in Thanlyin. is aimed at further spreading Yangon’s growing population as the city expands. A2 A3 taqmuf ESifh A4 taqmufttHkrsm;udk
  27. 27. 27 IT & TELECOM Myanmar Business Today www.mmbiztoday.com December 5-11, 2013 Telenor to Hold Career Seminar to Recruit Myanmar Employees Htet Aung T elenor Myanmar said it bringing together expert speakers to share insights with candidates interested to build a career in the strategic telecommunications industry. The seminar will be held on December 5 from 9am to 4pm - to submit their resume directly to the company and learn more Telenor said in a statement. Attendance is free-of-charge in Yangon. Interested appliof their resume with them when attending this seminar. Since Telenor Myanmar employee recruitment program Myanmar Summary Telenor Myanmar dates who want to be part of to be on track in meeting our short-term and long-term aMumif; od&onf/ Myanmar. Co-Operative Business Centre programs for all employees in up key positions in departments telecommunications The company is on track to hire 160 employees by the end of The Telenor Myanmar Acad- through indirect employment with local business partners Kyaw Min rnfjzpfaMumif; od&onf/ industry professional training programs resume ay;ydkYoGm;&rnfjzpfum toufarG;0rf; Telenor in Yangon. Apple Acquires Israel’s Primesense In A $350m Deal MRTV to Get Australian Counterpart’s Help Aye Myat T he Australian Broadcasting Corp (ABC) will cooperate with state-run ing in a bid to increase the technical skills of local broadcast media professionals. A memorandum of undersigned between the two parties metropolitan and regional Myanmar’s Information. Ministry Apple Inc 3D onfh PrimeSense Ltd Microsoft Myanmar Summary onf/ Apple Prime Sense tm; A company spokeswoman Kristin pple Inc agreed to buy Israel-based PrimeSense that enable three-dimensional The PrimeSense deal makes it Apple’s second purchase of an training courses for the employ- storage chip maker Anobit in ESifh MRTV Calacist by the Israel-based Calacist news website. “Apple buys smaller technology companies from time to citing a source. PrimeSense’s sensing technol- Australian Broadcasting Corporation (ABC) taejzifh jrefrm Myanmar Radio and Television (MRTV) ABC Xbox Kinect A passerby photographs an Apple store logo with his phone in central Sydney. last year. technical skills. Myanmar’s cooperation with foreign media comes as the former pariah country embarked on a road to political and eco- tm; tar of through the Australia Network ABC becomes the second foreign media to cooperate with Myanmar in the nascent sector Reuters Myanmar Summary Tim Wimborne/Reuters state-run daily New Light of Myanmar said. The ABC is Australia’s national public broadcaster. With a total annual budget of A$1.18 - reported. market. Although funded and owned mains editorially independent as ensured through the Australian Broadcasting Corporation Act 1983. Kinect. Apple’s interest in PrimeS- Apple rS Kristin Huguet Prime Sense onf Apple Anobit - tm; ABC ABC Voice of America March 2011. ABC (VOA)
  28. 28. IT & TELECOM 28 Myanmar Business Today www.mmbiztoday.com December 5-11, 2013 EU Hands Over Statistical Software to Myanmar Eyes improving the availability of reliable trade statistics Aye Myat T strengthening of the Myanmar ment to the Myanmar’s Central Statistical Organisation (CSO) in a bid to help the Southeast Asian nation generate reliable trade statistics. transform into a national system of harmonised and consolidated statistical data at t0ifjzpfaMumif; od&onf/ Kobia said this will produce software in this regard. software has been installed in co-chairs the Sector Working Group on Statistical Quality the International Management and policy makers need reliable and timely trade statistics that can assist in the formulation of trade policy and monitor Myanmar’s economic integration in organisation operating in Myanmar since 2012. Eurotrace aqmhz0J f jzifh aqmif&GufoGm;rnfjzpfaMumif; od& Myanmar Summary Eurotrace pm&if;tif;ydkif;qdkif&m aqmhzf0JESifh quf Secretariat. ware to process the trade data transmitted by the Customs Department. This will enable the CSO to and dissemination of statistics in Myanmar. both the CSO and the Customs Department of Myanmar to produce reliable and compara- been supporting the work of the gramme aiming to strengthen the capacity of the Myanmar reform process. and international standards. sharing of technical knowledge - institutional support. The programme is implemented by “The Galaxy brand has estab- better than anyone that Gear will not become a mainstream accurate trade statistics to all its - become the world’s biggest - onfh Roland Kobia onf/ Eurotrace onf Eurostat rS onf/ brand is now much stronger than Android or any of the - Samsung aMumif; od&onf/ which they hope will help build billion is less than half that of - independent technology and media consultant in London. “The underlying problem is that Samsung has established itself Samsung brand’s Moon. A deep-pocketed Samsung – it to Interbrand and ad researcher Ad Age. aeNyD; Apple Inc Samsung aemufq;kH ay: Galaxy where it’s not competing di- chips and household appliance businesses need more market- Samsung works with a num- spend suggests a need to con- Partners. Samsung’s latest marketing splash has been on its Galaxy spend less as it already has that Winter and Summer Olympics launched a fantasy-inspired soccer marketing campaign ahead of the mid-2014 World ing Argentine striker Lionel Apple’s ad spend. Defending its tion with fashion shows – yet been shipped since its launch two months ago. Compare that to the more than 5 million Note 3 smartphones that Reuters Myanmar Summary Samsung Electronics Co onf marketing Iceland its lead in the global smartphone Note buyers are also buying the od&onf/ three smartphones and has more than double Apple’s market share. The Korean group’s resume ployees with the knowledge and aMumif; od&onf/ Telenor Telenor said. Kaewsringarm said: “We take pride in knowing that our employees can share in our passion and dedication to play an ment of state-of-the-art telecom onf/ for the crucial year-end holiday season as it seeks to lead the wearable computer market and strengthened its Galaxy mobile brand. programs for new and current The courses run by the academy will be conducted in less it needs to be propped up - “Probably Samsung knows that will empower society and aumif;jzifh aqmif&GufaeaMumif; od& oGm;zG,&Sonf/ f d rS
  29. 29. 29 AUTOMOBILE Myanmar Business Today www.mmbiztoday.com December 5-11, 2013 Suzuki Provides 100 Motorcycles to Myanmar Police Kyaw Min apanese automaker Su100 police motorcycles last week to help the country’s police force in maintaining law and order. The motorbikes will be used Ltd in May this year wherein motorcycles ranging from 110 to 125cc are all imported into the country and distributed by its local dealer. Toshihiro said: “We are planning to manufacture motorbikes and luxurious cars in Executive Vice Toshihiro President Mr. aemufqdk&if jrefrmEdkifiHrm qdkifu,fpD; S Suzuki Carry producing accessories for cars and motorbikes. leaders who will attend the bike and car market in Myanto control law and order during of motorbike to manufacture Myanmar Summary Myanmar’s police chief Zaw help our police force maintain security during the regional summits. We will also procure onf/ and distribute them in townpresented at a ceremony at Myanmar International ConThe ceremony was attended tpnf; ta0;rsm;ES i hf quf p yf t pnf ; presented the bikes. Kyaw Min oGm;rnfjzpfaMumif; od&onf/ Policemen are seen with Suzuki motorbikes, which were donated to Myanmar by Suzuki Corp last week, in Nay Pyi Taw. Auto Sector Adds Spark to Japan’s Electronic Components Industry Nobuhiro Kubo and Yoshiyuki Osada tronic components per car will Ben Blanchard apanese electronic component makers are looking ing their fortunes more closely big industries: automobiles. Component makers such as Murata Manufacturing Co Ltd and TDK Corp are capitalising on rising demand for electronics like those that make cars safer with automatic braking or less polluting with engine controllers. ride shipping components for Murata Manufacturing Co Ltd TDK Corp a longer history in the business. “TDK and Murata were early to start working in automobiles Apple Inc Myanmar Summary iPhones companies to bolster its posi- agency reported. The gangs had smuggled in sen- bought in 2012 for 20 billion yen ($200 million). The sen- imported luxury cars in China and called for them to face an said last week. Police arrested 54 gang members who had smuggled in the director at Nomura Securities. microelectro-mechanical C foreign carmakers of reaping broken up six rings that smuggled around $164 million worth of cars into the top-end models such as BMWs ESifh phone market that once lured China Breaks Up Gangs That Smuggled $164m Worth of Cars TDK tae added. Smuggling of cars into China has long been a problem for BMWs Rolls-Royces onf/ clining smartphone orders were slashed its full-year operating that can cause accidents. Reuters foreign models. into China are 25 percent for because of the enduring prominence of compatriot automakers such as global leader Toyota Myanmar Summary onf/ ESifh
  30. 30. CLASSIFIEDS December 5-11, 2013 30 Myanmar Business Today www.mmbiztoday.com
  31. 31. 31 SOCIAL SCENES Myanmar Business Today www.mmbiztoday.com December 5-11, 2013 SCG Sharing the Dream Myanmar 2013 in Yangon Pisanu Suvanajata, ambassador of Thailand to Myanmar (L) and Chana Poomee, Country director, SCG Myanmar (R), awarding scholarships to students from various townships in Yangon who were awarded SCG Sharing the Dream scholarships at a ceremony held. SCG Myanmar Pisanu Suvanajata, ambassador of Thailand to Myanmar, addresses the audience at the SCG Sharing the Dream ceremony held at IBC in Yangon. 100 high school students who have shown gratitude towards their families, proactively contributed to their communities and exhibited good academic records were awarded scholarships by SCG as part of the SCG Sharing the Dream program. SCG Myanmar Chana Poomee, country director, SCG Myanmar, presents school supplies to a student as part of the SCG Sharing the Dream ceremony held at IBC in Yangon. 100 students received funding of up to K200,000 ($206) which will help cover school fees for an academic year as well as school supplies. SCG Myanmar Pisanu Suvanajata,ambassador of Thailand to Myanmar (centre, left) and Chana Poomee, country director, SCG Myanmar (centre, right), flanked by students from Yangon who received the SCG Sharing the Dream 2013 scholarship. SCG Myanmar Suzuki Donation Ceremony of Police Bikes to Myanmar @ MICC (Nay Pyi Taw) Pisanu Suvanajata, ambassador of Thailand to Myanmar, awards a SCG Sharing the Dream certificate to a student. SCG Myanmar (Centre, left to right) Sorasak Keeratichokechaikul, Government and Public Affairs Manager, SCG Myanmar, Pisanu Suvanajata, ambassador of Thailand to Myanmar, Chana Poomee, country director, SCG Myanmar, and Dr Tun Myint, Vice-President, MBE, with students from Yangon who were awarded SCG Sharing the Dream 2013 scholarships. SCG Myanmar Sorasak Keeratichokechaikul, Government and Public Affairs Manager, SCG Myanmar, awards a SCG Sharing the Dream certificate to a student. SCG Myanmar Toyota Dream Car Art Contest @ Hledan Centre Shotaro Honda (L), Toyota Tsusho Corp, U Aye Zaw, managing director of TTAS (2nd L), artist Nyein Chan Su and actress Chit Thu Wai at the press conference. Phyu Thit Lwin Actress Chit Thu Wai gives her speech. U Soe Thane (L), union minister for the President's office, Toshihiro Suzuki, executive vice president of Suzuki Motor Corp, talks before the ceremony. Kyaw Min Myo Myint Thein (L), general manager of TTAS (vehicle sales & marketing department), and Shotaro Honda of Toyota Tsusho Corp, attend the press conference. Phyu Thit Lwin Delegates pose for a photo. Delegates and government officials listen to a speech. Kyaw Min Toshihiro Suzuki, executive vice president of Suzuki Motor Corp, gives his speech. Kyaw Min Delegates having lunch. U Chan Maung gives his speech. Phyu Thit Lwin P&G Water Donation Ceremony @ Traders Hotel Kyaw Min U Chan Maung recieves the Suzuki bike key. Phyu Thit Lwin Kyaw Min Kyaw Min Raul Falon, director of P&G, gives his speech. Delegates inspect a bike. Kyaw Min Delegates pose with a bike. Kyaw Min Toshihiro Suzuki, executive vice president of Suzuki Motor Corp, pose with a bike. Kyaw Min Delegates pose with a bike. Kyaw Min Kyaw Min Film director Aung Ko Latt gives his speech. Kyaw Min Daw Khin Khin Lay, managing director of Forever Group, gives a speech. Kyaw Min Daw Win Win Tint, CEO of City Mart, gives her speech. Kyaw Min Delegates pose for a photo. Delegates at their dinner table. Kyaw Min Kyaw Min
  32. 32. 32 ENTERTAINMENT Myanmar Business Today www.mmbiztoday.com December 5-11, 2013 The Best Dim Sum in Town and the taste was fantastic too. Uncle Tah Y I tunes Events Calendar that would recommend both reminded It reminded me of being ten running through my hair. The radio was playing the exact same song that I had heard the roasted duck and pork. mixtures worked perfectly to After all those starters (should we call them starters?) we had all those years ago. It was so noodle rolls and deep-fried soft beautiful with both its melody instruments. I couldn’t imagine how or why the youngsters of recently employed a new chef from Hong Kong. some friends and I decided to Chinese restaurant in Yangon’s Saturday 7th December Rehab Party – House party at Yangon’s newest club, Flamingo Bar, located at Yangon International Hotel. Hash House Harriers – ‘a drinking club with a running problem’. 2.45pm University Avenue Road (opposite Yangon University) Sunday 8th December Yangon Dragons Rugby – Training 10.30am at Yangon United Football Club, Insein Road. Australian Club Barbecue – Cook your own meat. Starts at 5.30pm Sunday Morning Bike Ride - Contact Jeff at milkmast@gmail.com or 09 5134190. Bike hire available. Monday 9th December Monday Night Meditation – 7.15 to 9pm at 53A Golden Valley Road. of music before. It was at that time that I went for lunch. memories from those wonderfully nostalgic days all those years ago. A friend recently Friday 6th December Strand Happy Hour Drinks Friday Night Bike Ride- Contact Jeff at milkmast@gmail.com or 09 5134190. Bike hire available. ished our lunch with desserts. All of us agreed that this Chinese restaurant should be considered one of the best DimSums in town. Tuesday 10th December Pansodan Gallery – mingle and drinks

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