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Myanmar Business Today - Vol 1, Issue 45


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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.

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Myanmar Business Today - Vol 1, Issue 45

  1. 1. MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL December 12-18, 2013 | Vol 1, Issue 45 Government to Look to International Companies on Dawei Italian-Thai Development’s role halted but not over, officials say Oliver Slow by ITD and that once this was M invited to apply for licenses. “No company in the whole Contd. P 8... Myanmar Summary xm;0,ftxl;pD;yGm;a&;ZkefwGif yg0if aqmif&GufEdkif&eftwGuf jrefrmEdkiiHrS f tjynf j ynf q d k i f &muk r Ü P D r sm;twGuf wif'gac:qdkoGm;rnfjzpfaMumif; od& onf/ xm;0,ftxl;pD;yGm;a&;Zketm; ,cif f u Italian-Thai Development rS pDrue;f zGUH NzKd ;wd;k wufa&;aqmif&urwif H d G f I G t"duwm0ef,xm;NyD; ,cktcgtajymif; l tvJrsm; jyKvycum tjynfjynfqi&m k f Jh kd f ukrPr sm;tm; wif'gac:qdkNy;D pDrue;f Ü D H d wGif yg0ifaqmif&ua&;twGuf BuKd ;yrf; G f aqmif&GufoGm;awmhrnfjzpfonf/ xm;0,f pD r H ud e f ; Ouú | jzpf ol OD;at;jrifhu &efukefü jyKvkyfcJhaom owif;pm&Sif;vif;yGJwGif jrefrmtpdk;& ESifh xdkif;tpdk;&wdkYrS ukrÜPD 2 ckudk zGUJ pnf;cJNh y;D tqdygukrPEpcrm Special k Ü D S f k S Purpose Vehicle (1) ESifh Special Purpose Vehicle (2) jzpfNyD; a':vm rDv,aygif;rsm;pGm wefzk;d &Sonfh xm;0,f D H d pDrue;f zGUH NzKd ;wd;k wufrtwGuf OD;aqmif H d I í aqmif&GufoGm;rnfjzpfaMumif; ajym Mum;cJhonf/ Contd. P 8... Soe Zeya Tun/Reuters yanmar will open tenders for international companies to be involved in the Dawei Special Economic Zone (SEZ), after it was revealed last week that Italian-Thai Development, the group initially responsible for the main development of the site, will no longer be key drivers of the project. Speaking at a press conference in Yangon last week, U Aye Myint, chairman of the Dawei project said that two companies formed by the Myanmar and Thailand governments, named Special Purpose Vehicle (1) and (2), would take a lead role in the multi-million dollar development. He added that due to the sheer scale of the development, which involves building a deep-sea port and key infrastructure, international companies would be invited to apply for tenders on the project, including ITD. “They can keep working if they want, but they will have to compete with other international observers,” he said. U Set Aung, chairman of the Dawei zone, said that the committee was undergoing a review of the work already completed A man carries a sack of rice on the banks of Yangon River. The government has set targets to increase rice export and catch up with neighbouring countries Thailand, Vietnam and Cambodia. Myanmar Looks to Double Rice Export Kyaw Min million tonnes per year. By C to 15,000 tonnes, according to urrently the basket case, Myanmar was once the rice bowl of Asia. From 1961 to 1963, around the time the country was taken over by a Socialist government which depleted the oncethriving economy, Myanmar was the world’s largest exporter of rice, shipping around 1.7 Agriculture (USDA) and while there has been some increase in export – it exported 690,000 tonnes last year, making it the ninth largest exporter in the world – the country still has a Contd. P 6... Myanmar Summary ,cifu jrefrmEdkifiHonf tm&SwGif qefwifydkYrIxdyfwef;EdkifiHwpfEdkifiHjzpfcJh onf/ 1961 ckESpfrS 1963 ckESpfqdk&S,f vpftpdk;&vufxufwGif jrefrmEdkifiH pD;yGm;a&;onf zGHUNzdK;wdk;wufrIrsm;pGm usqif;cJ&onf/ ,cifu urÇmxywef; h h d f Contd. P 6...
  2. 2. LOCAL BIZ 2 Myanmar Business Today December 12-18, 2013 Thein Sein Makes Maiden Philippines Visit MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL Board of Editors up their grievances with China during the ASEAN meetings next year. 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 Myanmar Summary Art & Design Zarni Min Naing (Circle) DTP May Su Hlaing Translators Shein Thu Aung, Phyu Maung Advertising Tay Zar Zaw Win, Seint Seint Aye, Moe Hsann Pann Advertising Hotline - 09 7323 6758 Subscription & Circulation Aung Khin Sint - 092043559 Nilar Myint - 09421085511 Files Managing Director Prasert Lekavanichkajorn Email Editor - Special Publications - Advertising - Designer - 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 Su Su P resident Thein Sein visited the Philippines last week, his maiden visit to the archipelago. During his three-day visit, Thein Sein met his Philippine counterpart, Benigno Aquino III, in an attempt to bolster ties and also discuss trade, investment, agriculture and visa-exemptions. The visa agreement is expected to allow Filipinos to enter Myanmar without gaining a visa can already enter the Philippines visa-free. The Philippines were a harsh critic of Myanmar’s former military government, but the two countries have softened ties since Myanmar began making reforms to tentatively work towards a fully democratic system. Thein Sein also visited areas ravaged by the recent Typhoon Haiyan that ripped through the country last month, leaving an estimated 5,000 dead and many others still missing. Myanmar was one of about 60 countries to give aid to the country in the wake of the crisis, with Philippine Foreign Secretary Albert del Rosario saying that Myanmar’s aid had reached about $100,000 as well as seven tonnes of food and other relief goods. During his visit, Thein Sein brought additional aid. During his talks with Aquino, Thein Sein discussed Myanmar’s hosting of ASEAN in 2014 and it is thought that he seeked support for the hosting. A close ally with China, Myanmar’s navigation of that relationship will be crucial in the near future as a number of ASEAN members are at loggerheads with China over land disputes. According to some reports, the Philippines and Vietnam are expected to bring jynfaxmifpkor®wjrefrmEdkifiH awmf EdkifiHawmfor®wOD;odef;pdef onf vGefcJhonfhtywfu zdvpf ydiEiioYkd oGm;a&mufcJNh yD; yxr k f kd f H OD;qHk;zdvpfydkifc&D;pOfvnf;jzpf aMumif; od&onf/ or®wOD;ode;f pdeonf zdvpfyif f kd EdkifiHodkY oHk;&ufwm oGm;a&muf cJhNyD; zdvpfydkifor®w Benigno Aquino III ESifh awGUqHkcJhum ESpfEdkifiHqufqHa&;zGHUNzdK;wdk;wuf vmap&efESifh ukefoG,frI? &if;ESD; jr§KyfESHrI? pdkufysKd;a&;u@ESifh ADZm uif;vGwfcGifhqdkif&m udpö&yfr sm; udkvnf; aqG;aEG;cJhMuaMumif; od&onf/ ADZmuif;vGwfcGifhoabmwlnD csuftaejzifh zdvpfydkifEdkifiHom; rsm;tm; jrefrmEdkifiHodkY ADZm rvdktyfyJ vma&mufEdkif&efESifh jrefrmEdiiom;rsm;taejzifvnf; k f H h zdvpfydkifEdkifiHodkY ADZmrvdktyfbJ oGm;a&muf vmEdif & ef jzpf aMumif; k od&onf/ zdvpfydkifEdkifiHtaejzifh ,cif ppftpdk;&vufxufwGif jrefrm Edki f iH quf qH a &;tajctae raumif;rGecaomfvnf; ,cktcg f hJ jrefrmEdkifiH jyKjyifajymif;vJrI rsm;aMumifh ESpfEdkifiHqufqHa&; tajctaerSm ydkrdkaumif;rGefvm cJhNyDjzpfonf/ or®wOD;odef;pdef onf cefYrSef;ajcvlaygif; 5000 eD;yg;aoqHk;NyD; rsm;pGmaysmufqHk; aeqJjzpfonfh [dkif,ef;wdkif;zGef; rkefwdkif;oifha'orsm;odkYvnf; oGm;a&mufcJhaMumif;vnf; od& onf/
  3. 3. 3 Myanmar Business Today December 12-18, 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
  4. 4. 4 LOCAL BIZ Myanmar Business Today December 12-18, 2013 SME Centres to Open to Aid Growth SCG Provides Education Kyaw Min and Htet Aung S mall and Medium Enterprise (SME) Centres will open in Myanmar’s major cities to aid the development of the sector, which is seen as key to the economy’s growth. ment to encourage their growth. “For the development of our country’s economy, allowing term is vital,” said U Mya Theik an entrepreneur with an SMEemploy fewer than 25 people should be allowed tax exemption,” he added. The SME law is expected to be implemented in early 2014, sources say. Reuters open in the capital city of Nay Pyi Taw, with further openings expected in early 2014. “SMEs do not only play a key role in the state’s progress, but than also support local employment,” said U Win Aung, chairman of Federation of Chambers of Commerce and Industry (UMFCCI). “Therefore, the growth of SMEs is vital,” he said, before adding that a key role for the government is to establish an SME law. SMEs make up more than 90 percent of registered companies within Myanmar, and local businesspeople involved in the sector are urging the govern- Myanmar Summary tao;pm;ESif h tvwf pm;pD ; yGm;a&; vkyief;rsm; zGUH NzKd ;wd;k wufa&; taxmuf f tuljyKap&ef tao;pm;ESifh tvwfpm; zGHUNzdK;wdk;wufa&;pifwmudk jrefrmwpf EdkifiHvHk;&Sd NrdKUBuD;rsm;wGif wdk;csJUzGifhvSpf oGm;rnfjzpfaMumif; od&onf/ ,if;odw;kd csUJ &eftwGuf pufrIBu;D Muyf Yk a&;ESifh ppfaq;a&;OD;pD;XmewdkY yl;aygif; aqmif&GufoGm;rnfjzpfNyD; aejynfawmf aumifpDwdkif;a'oBuD;? jynfe,fNrdKUrsm; ESifh c½dkifrsm;wGif wdk;csJUzGifhvSpfoGm;rnf jzpfaMumif; od&onf/ tao;pm;ESifh tvwfpm;zGUH NzKd ;wd;k wuf a&;XmerS wm0ef&SolwpfOD;u ]]tiftm; d wdk;csJUzGJUpnf;rIu 2014 ESpfqef;ydkif;rSm pwifrmyg/vuf&Sdtiftm;&J U ESpqeD;yg; S f avmufjzpfvmrSmyg}}[k ajymonf/ ,if;uJhokdY yl;aygif;vdkufjcif;tm;jzifh tao;pm;ESifh tvwfpm;vkyfief;rSwfyHk wifjcif;? enf;ynmtultnD&,ljcif; rsm;udk aqmif&GufoGm;rnfjzpfaMumif; od&onf/ukeonfpufrvyief;&Sitoif; f I kf f Ouú| OD;0if;atmifu ]]tao;pm;ESifh tvwfpm;vkyief;awGuwdi;f jynfp;D yGm; f k a&;wd;k wufrtwGuf t"dutcef;u@ I rSm yg0ifaewJhtjyif jynfwGif;tvkyf tudkif&&Sda&;twGufvnf; ta&;ygwJh SME ae&mrSm yg0ifaewJhtwGuf vkyfief;awG zGHUNzdK;wdk;wufzdkY ta&;BuD; w,f/ SME Oya'udkvnf; wdkif;jynf wdk;wufzdkY ta&;BuD;Oya'wpfcktaeeJY apmvsifpm jy|mef;ay;zdkY vdktyfygw,f}} G [k ajymonf/ Assistance to Students Oliver Slow S iam Cement Group (SCG) last week awarded education assistance to 100 high school students in Mon State as part of its SCG Sharing the Dream Programme, which is in its second year in the country. The award ceremony, which was hosted at the Strand Mawlamyine Hotel, recognised students, SCG said, who had proactively contributed to their communities and exhibited good academic records, with each student receiving funding of up to K200,000 ($$200), to cover their school fees and supplies. “Education is essential towards ensuring that children will grow up to form new generations of ASEAN citizens who are ethical and knowledgeable in the future,” said Chana Poomee, country director, SCG Myanmar. “On behalf of SCG, I would like to congratulate our young scholars who received the grants today. I believe that they deserve a bright future and hope that they will pursue higher education and use their talents to support their families and communities,” he added. Last year’s programme offered 99 grants to students from Yangon, Mawlamyine and Kyike Mayaw, but that number has doubled in 2013, in what is SCG’s centenary year. In October, SCG invited high school students in 9 Standard (Grade 10) and 10 Standard (Grade 11) and living in Yangon and Mon state to apply for the chance to be included in the scholarship, with students selected from Mawlamyine, Kyike Mayaw, Mudone, Paung and Chaung Sone townships in Mon State. SCG also rewarded students who received scholarships in 2012, and went on to do well in the following academic year, with additional grants in recognition of their academic achievements. SCG Sharing the Dream is SCG’s ASEAN sustainable development initiative and it has granted scholarships to more than 5,000 students in ASEAN countries, including Myanmar, Indonesia, Thailand, Vietnam, Philippines, and Laos. Myanmar Summary Siam Cement Group (SCG) onf vGefcJhonfhtywfu rGefjynfe,f &Sd xl;cRefausmif;om;aygif; 100 tm; ynmoifMum;rIqdkif&m taxmuftyHh rsm;udk ay;tyfcJNh yD; SCG Sharing the Dream Programme tpDtpOf wpfpdwfwpfydkif;tjzpf taxmuftyHh rsm; ay;cJhjcif;jzpfaMumif; od&onf/ ynmoifaxmufyHhaMu;qkay;yGJtcrf; tem;tm; Strand Mawlamyine [dkw,fwGif jyKvkyfusif;ycJhNyD; xl;cRef ausmif ; om;rsm ;taejzifh wpf OD ; vQif jrefrmusyfaiG 200000 txd &&Sdom; G rnfjzpfNyD; ausmif;p&dwfESifh tjcm; taxmuftyHhr sm;twGufjzpfaMumif; SCG rS ajymMum;cJhonf/ tem*wfwif udk,usifw&m;aumif;rGef G f h NyD; A[kokw<u,f0aom rsKd;qufopf rsm;tjzpf jzpfwnfvma&;twGuf ynm a&;rSm vGefpGmta&;ygaMumif; SCG rS tBuD;tuJjzpfol Myanmar Chana Poomee u ajymMum;cJhonf/ vGeconfEp tpDtpOfwif &efuef? f hJ h S f G k armfvNrdKif? usKdufra&mwdkYrS xl;cRef ausmif;om;rsm;twGuf ynmoifqaMu; k rsm;udkvnf; ay;tyfcJhNyD; 2013 ckESpf wGif ynmoifqkaMu;ta&twGufrSm ESpfqrQ ydkrdkrsm;vmcJhaMumif; od&onf/
  5. 5. LOCAL BIZ 5 Myanmar Business Today December 12-18, 2013 Myanmar ‘Ready’ to Host SEA Games continues to take place in the country. It was announced that eleven new hotels had opened in Nay Pyi Taw last week, in time for the games. The hotels were named as Mya Nan Yang, ACE, Thurizza, Jade Royal, Aye Chan Thar, Pearl Thiri, Excel Capital, Mahn Myanmar, Mingalar Thiri, New Ayar and Jade City. Myanmar Summary Reuters jrefrmEdkifiHtaejzifh ,cktcg A worker outside the Wunna Teikdi Stadium in Nay Pyi Taw. Oliver Slow M yanmar is “100 percent ready” to host the Southeast Asian Games, way in the capital Nay Pyi Taw on December 11. Htay Aung, sports ministry director, told AFP had successfully been held and that the country, which is only just emerging from 50 years of military rule, is ready to hold the event - the biggest sporting event in the country’s history. The tournament, which brings together athletes from Southeast Asia’s ten-member countries, was handed to Myanmar in 2010, shortly before the government began introducing a range of economic and political reforms aimed at pulling the country from decades of stagnation. It left a country with little infrastructure that has struggled to cope with the sudden surge of interest from overseas visitors who have been intrigued by the unique changes taking place in the country. However, the tournament has given the government an incentive to invest heavily in infrastructure in the capital. One example is the newly built Wunna Theikdi Stadium, located in Nay Pyi Taw, a 30,000 seat football and athletics stadium, which hosted the opening ceremony. According to Htay Aung, 6,000 athletes and 3,000 journalists are due for the games, as well as “hundreds of thousands” of local fans. The majority of events will take place in Nay Pyi Taw, while former capital Yangon will host some events such as Chess and Weightlifting, and Sailing events will take place in Ngwe Saung. Mandalay will also host some football matches. The Games, which are the 27th version of the event, are seen as an opportunity for Myanmar to showcase that it is able to cope with the increased attention that it is receiving. Vice President Nyan Tun has urged athletes to “strive for a golden age of Myanmar sports… improving the reputation of the country and making history to be regarded as sporting heroes.” Despite the overall optimism, some government concerned about the country’s ability to host the event, according to the AFP report. “There are many things to be done even though many ministries are involved,” said one governnot to be named. “Hotel rooms cannot be enough because many foreigners and visitors will come,” he told AFP. Myanmar’s hosting of the Games has already from rival countries who have criticised the decision to drop some more mainstream sports and replace them with ob- scure Myanmar pursuits such as Chinlone, while some international observers remain concerned about ethnic violence that ta&S U a wmif tm&S tm; upm;yGJ awmftm; {nfcusi;f y&eftwGuf h H 100 &mcdiEe;f tjynfh tqifoif h k f I jzpfaeNyDjzpfaMumif; od&onf/ aemufqHk;tprf;avhusifrIrsm; taejzifh atmifjrifpm jyKvyEichJ G k f kd f aMumif;? ppftpd;k &tkycsKyrvuf f f I atmufwGif ESpfaygif; 50 eD;yg; MumjrifcNJhy;D tajccHtaqmufttHk h ydkif;wGif tm;enf;aeao;aom jrefrmEdiitaejzifh zGUH NzKd ;wd;k wuf k f H rIvrf;aMumif;ay:odkY a&muf&Svm d cJum ,cktcg qD;*dr;f NyKd iyBJG u;D h f tm; usi;f yjyKvy&ef tqifoifh k f jzpfaeNyDjzpfaMumif; tm;upm; 0efBu;D Xme 'g½duwmOD;aX;atmif k f u AFP odkY ajymMum;cJhonf/ qD ; *dr f; tm; upm; Nyd Kif yJG wGif ta&S Uawmiftm&StzGUJ 0ifEiirsm; kd f H rS tm;upm;orm;rsm; a&muf&Sd vmrnfjzpfNy;D vuf&tpd;k &pD;yGm; Sd a&;ESifh Ediia&;jyKjyifajymif;vJrI k f H rsm;udk jyKvyum zGUH NzKd ;wdk;wufrI k f &yfwefYaeaom jrefrmEdkifiHtm; ouf0ifE;kd xvmEdiap&ef BuKd ;yrf; k f csursm;aMumif h qD;*dr;f tm;upm; f yGawmftm; jrefrmEdiiwif usi;f y J k f H G jyKvyciuk d &&ScjhJ cif;yifjzpfonf/ k f G hf d zGUH NzKd ;wd;k wufryi;f wGif tm;enf; I kd cJ&aomjrefrmEdiitaejzif h tajc h kfH cH taqmufttHku@wGifvnf; vdtyfcsursm;pGmudk &ifqiae& k f kd f Ny;D jrefrmEdiitm; pdw0ifpm;ae k f H f aom &if;ESD;jr§KyfESHolrsm;udk qGJ aqmifEi&eftwGuvnf; tajccH kd f f taqmufttHvtyfcsursm;udk k kd f jznfqnf;&ef BuKd ;yrf;aqmif&uf h G aeonf/ qD;*drf;tm;upm;yGJawmftm; atmifjrifpm usi;f yEdia&;twGuf G k f tpdk;&taejzifh tajccHtaqmuf ttHku@wGif &if;ESD;jr§KyfESH&ef twGuf wGef;tm;udk jzpfapcJh onf/ zGiytcrf;tem;udk usi;f y hf JG cJonfh xdicaygif; 30000 txd h k f kH &Sonfh 0PÖo'tm;upm;uGi;f Bu;D d d d¨ udkvnf; aejynfawmfü aqmuf vkyfcJhonf/ OD;aX;atmif ajym Mum;csuft& tm;upm;orm; aygif; 6000 ESifh *sme,fvpf aygif; 3000 wdkYonf tm;upm; NydKifyGJwGif yg0ifrnfjzpfNyD; jynf wGif;rS tm;ay;olr sm;pGmudkvnf; awGUjrif&rnfjzpfaMumif; ? t"du tm; upm; tpD tpOf rsm; tm; aejynfawmfwGif jyKvkyfusif;y oGm;rnfjzpfovdk &efue?f aiGaqmif k ESihf rEÅav;NrKd Ursm;wGivnf; jyKvyf f k usi;f yoGm;rnf[k od&onf/
  6. 6. LOCAL BIZ 6 Myanmar Business Today December 12-18, 2013 Will Thai Protests Impact Myanmar Tourism? Regional observers say yes, but skepticism within country xdi;f EdiiH befaumufNrKd UESihf tjcm;NrKd U k k f rsm;wGif tpdk;&qefYusifa&;qE´jyrIrsm; jzpfym;aejcif;aMumifh 2013 ckESpfü G urÇmvSnfhc&D;oGm;rsm;taejzifh jrefrm EdiioYkd ydrvma&mufEiaMumif; c&D;oGm; k f H k kd kd f vkyief;ydi;f qdi&m apmifMh unfavhvmol f k k f h rsm;u ajymMum;Muonf/ ta&SUawmiftm&Sueo,rowif;pm k f G f I jzpfonfh TTR Weekly rS azmfjy csuft& jrefrmEdkifiHESifh AD,uferfEdkifiH wdkYtaejzifh xdkif;EdkifiHwGif vuf&Sdjzpfym; G aeaom Ediia&;rwnfrNirrrsm;aMumifh k f H d f I urÇmvSnc&D;oGm;rsm; ydrvma&mufEif hf k kd kd onfh EdkifiHr sm;tjzpf tusKd;cHpm;&rnf jzpfNyD; tMurf;zufrIrsm;udk aMumuf&GHU Muaom c&D;oGm;rsm;taejzifh xki;f EdiiH d k f tpm; jrefrmEdkifiHESifh AD,uferfEdkifiHwdkY uJhodkYEdkifiHr sm;odkY oGm;a&mufEdkifaMumif; od&onf/ vGefcJhonfh vaESmif;ydkif;u xdkif;EdkifiH NrdKUawmf befaumufNrdKUwGif qE´jyrI rsm; jzpfay:cJhNyD; tusifhysufjcpm;rIrsm; EdkifiHwGif;ü jzpfay:aecJhonf/ qE´jyol rsm;taejzifh ,cif0efBuD;csKyf oufqif tm; EdkifiHwGif;odkY jyefvmEdkifonfh vGwf Nidrf;csrf;omcGifhrlMurf;ESifhywfoufí qefYusifjycJhMujcif;jzpfaMumif; od& onf/ tqkdyg rlMurf;tm; vuf&dStpdk;&rS pwifvkyfaqmifcJhjcif;jzpfNyD; 0efBuD;csKyf a[mif; oufqif nDrjzpfol &ifvwf &Siem0yfu OD;aqmifí aqmif&ucjhJ cif; f G f jzpfaMumif; od&onf/ tqdkygrlMurf;tm; jyif;jyif;xefxef a0zefqefYu sifcJhMuNyD; &ifvwf&Sifem 0yftm; &mxl;rS Ekwxuay;&eftwGuf f G f qE´jyrIrsm;udk jyKvycaMumif; od&onf/ k f hJ 0efBuD;csKyf&ifvwf&iem0yftm; &mxl;rS S f z,f&Sm;rI rjyKvkyfEdkifrcsif; qufvufí qE´jyrIrsm;udk jyKvyom;rnfjzpfaMumif; k f G vnf; qE´jyolr sm;u ajymMum;Muonf/ c&D;oGm;vma&;vkyief;ydi;f rS tBuD;tuJ f k rsm;u vuf&Sd EdkifiHa&;rwnfrNidrfjzpfrI rsm;tay: pdk;&drfrIrsm;pGm&SdaeNyD; aemuf xyf&ufowåywftxd qufvufjzpfym; G cJrnfqvQif ukeo,rqi&m zsuor;f h kd f G f I kd f f d rIrsm;vnf; jzpfay:vmEdiovdk xdi;f EdiiH k f k k f tay: ,HkMunfrIrsm;vnf; qHk;½HI;&Edkif aMumif; TTR Weekly rS ajymMum; cJhonf/ jrefrmEdkifiHtaejzifh xdkif;EdkifiHwGif vuf&SdjzpfyGm;aeaom EdkifiHa&;rwnf rNidrfjzpfyGm;rIrsm;aMumifh urÇmvSnfhc&D; oGm;rsm; ydkrdka&muf&SdvmEdkifonfhtae txm;wGif&Sdaeaomfvnf; tcuftcJ t[efYtwm;rsm;rSm jrefrmEdkifiHtwGuf &Sdaeao;aMumif; od&onf/2010 ckESpf wGivnf; xdif;Ediiü qE´jyrIrsm; jzpfay: f k k f H cJhNyD; c&D;oGm;rsm;taejzifh tif'dkeD;&Sm; odYk ydrom;a&mufcMJh uaMumif; od&onf/ k kd G qefwifydkYonfh EdkifiHwpfEdkifiHjzpfaom jrefrmEdkifiHonf wpfESpfvQif qefruf x&pfwefcsdef 1.7 rDvD,Htxd wifydkY cJh&onf/ 1997 ckESpfwGif qefwifydkYrIrSm wpfESpfvQif rufx&pfwefcsef 15000 d om wifyc&aMumif; tar&duefEii Ykd hJ kd f H pdkufysKd;a&;Xme (US Department of Agriculture) rS tcsuftvufrsm; t& od&onf/ vGefcJhonfhESpfwGif qefrufx&pfwef csef 690000 wifyc&Ny;D urÇmh 9 EdiiH d kYd hJ k f ajrmuf xdy f w ef; qef w ifyk dY onfh EdkifiH tjzpf &yfwnfvmEdiconf/ jrefrmEdiiH k f hJ k f taejzifh tdrfeD;csif;EdkifiHr sm;jzpfonfh xdkif;EdkifiHESifh AD,uferfEdkifiHwdkYtm; qef wifykYrwif ,SONf ydKiEi&eftwGuf d I G f kd f BudK;yrf;oGm;&OD ;rnfjzpfaMumif ;vnf ; od&onf/ xdkif;EdkifiHtaejzifh wpfESpfvQif qef rufx&pfwefcsef 7 rDv,Eihf AD,uferf d D H S EdkifiHrSm wpfESpfvQif qefrufx&pfwef csdef 7. rDvD,HtoD;oD;wifydkYaMumif; 2 od&onf/ bvGrf;bwfowif;XmeESifh awGUqHar;jref;rIwif pD;yGm;a&;ESiu;l oef; k G hf a&mif;0,fa&;0efBuD;Xme? ukeoG,frzUHG NzKd ; f I wd;k wufa&;tpd;k &XmerS ñTeMf um;a&;rSL; csKyfjzpfol OD;wdk;atmifjrifhu tpdk;& taejzifh 2014-2015 b@ma&;ESpf wGif qefrufx&pfwefcsdef 2. rDvD,H 5 wifydkYvmEdkif&eftwGuf pDpOfxm;NyD; 2019-2020 b@ma&;ESpfwGif qef rufx&pfwefcsdef 4.8 rDvD,Htxd ESpfqrQwdk;í wifydkYvmEdkif&ef tpDtpOf &SdaMumif; ajymMum;cJhonf/ Oliver Slow Reuters T he anti-government protests that took place in Bangkok and other cities in Thailand last week could boost visitor numbers in Myanmar in 2013, industry observers say. According to Southeast Asia trade newspaper TTR Weekly, countries like Myanmar and Vietnam could attract tourists who do not want to travel to Thailand due to fears around the violence. Late last month, protestors took to the streets in the capital city of Bangkok in protest against an amnesty bill that would mean that former Prime Minister Thaksin Shinawatra can return to the country, despite being sought for corruption charges within the country. That bill was introduced by the current government, which is headed by Thaksin’s sister Yingluck – who many believe acts as a puppet for her brother - and, while the proposal has the protests could have on the country’s tourism market. “Myanmar is too much of a niche destination at this stage to appeal to the throngs that head to Thailand – frankly, many of the beach-and-beer crowd won’t even know where Myanmar is,” said Marcus Allender, founder of travel website He added that the most recent protests to hit Thailand in 2010 led to an upsurge in tourist bookings in Bali, Indonesia. While skeptical about the short-term impact Thailand’s situation can have, Allender did for a long time, or there was another coup, then over the years you could potentially see Myan- said TTR Weekly. However, travel observers within Myanmar remain skeptical as to what impact from long-term instability in the neighbouring country. “The whole issue between the rural poor and urban elite in Thailand has rumbled on for years. If the problems continue Thet Zin, founder of Living Irrawaddy Travel Service, also expressed reservations on the long-term impact of the Thailand situation on Myanmar’s tourism, adding that it could have a negative impact on tourists to Myanmar getting visas. “Myanmar doesn’t position itself as a cheap country to visit [like Thailand], so we do not think that Thailand’s issue will have a big impact on Myanmar. In fact, we are quite disappointed that this whole incident could actually delay the visa agreement between Thailand and Myanmar, which was supposed to begin this month,” she said, referring to an agreement touted to begin in long way to go before it catches up with neighbouring countries Thailand and Vietnam, which exported 7 million and 7.2 million tonnes respectively last year. In an interview with Bloomberg last week, Toe Aung Myint, director general of the department of trade promotion for the Ministry of Commerce, revealed that the government plans to see 2.5 million tonnes in export in 2014-2015, almost doubling to 4.8 million tonnes in 2019-2020. Myint pointed to an increase in demand around the world, in particular neighbouring China, as one reason for the expected surge in growth. “We see promising opportunities in the sector because the global rice market grows and China demand increases,” he said, before adding that Myanmar has the resources to expand their production to the desired level for export. Other factors however question how quickly Myanmar can adapt to the increased demand. In a World Bank study, which looked at the study of logistics in country’s around the world, with a particular focus on infrastructure, Myanmar ranked 129th in the world in 2012. Thailand was placed 38th, Vietnam 53rd and Cambodia 101st. This perception is supported in practice. In Myanmar, load- ing a 20,000 tonne vessel with rice takes eight days, double the amount of time in Thailand or Vietnam, Kiattisak Kanlayasirivat, director at Ascend Commodities SA told Bloomberg. “Myanmar certainly has the potential to become one of the leading rice exporters, if not the leading one in the medium run,” said the report. “It is one of the few countries in the region that faces no land, water or labour constraints – and it is strategically located, having China and India as neighbours.” More than 70 percent of Myanmar’s population is employed in the agricultural sector and the rice industry contributed 13 percent to gross domestic product in 2011. opposition, protestors took to the streets calling on Yingluck to stand down. After heated protests, at the time of publication quiet had largely been restored to the capital, in part due to the King’s Birthday celebrations which took place on December 5. “Travel industry leaders have voiced deep concern over the current political unrest, pointing out that if it continues another week, the trade should brace for cancellations and a December,whereby citizens of Thailand and Myanmar could visit their neighbouring country visa-free. Myanmar Summary
  7. 7. LOCAL BIZ 7 Myanmar Business Today December 12-18, 2013 Plans to Upgrade Rubber Quality for Export entrepreneurs are not trained Files up to the required standards. Earlier this year, the EU lifted all remaining sanctions against Myanmar, meaning that the number of countries Myanmar could export its rubber to increased. However, U Khaing Myint said that European customers only purchase the international-standard rubber, so it is crucial for Myanmar to ensure better production of the product. Myanmar exports its RSS1, RSS3, RSS5 and MSR20 rubber materials, with the bulk of exports being sent to China, India, Malaysia and Singapore. In the Myanmar is planning to improve the quality of its rubber in order to increase the income from exports. Phyu Thit Lwin T he production of rubber lacks quality control in Myanmar at present, higher prices in the world market, according to sources from the Myanmar Rubber Planters and Producers Association (MRPPA). “Since the high quality rubber cannot currently be produced within Myanmar, the price it is sold for when exported abroad is low,” said U Khaing Myint, secretary of MRPPA. He added that the amount of high-quality Vietnam Group Eyes Kyaiktyo Cable Car Kyaw Min A Vietnamese company has expressed interest in investing in a cable car project at Mount Kyaiktyo, the site of one of Myanmar’s most famous sites, the Golden Rock in Mon State, source say. Oman Investment Fund has already held meetings with members of the government including members of Twin and Electric and Industry Minister U Naing La We Aung. “Vietnam wants to invest in running a cable car at Kyaiktyo and establish factories in Mon State,” said Truong Hoang, adviser for Oman Investment Fund. He added that the Mon State government had informed the company that if they wished to make an investthe project. Located just a few hours from Yangon, the Golden Rock is one of Myanmar’s most popular tourist destinations, particularly for domestic Buddhist tourists. Myanmar Summary rGejf ynfe,f usKuxNkd rKd Ue,f&ordi;f 0ifusKux;D ½d;k apwDawmfawmifajc d f dS k d f ESihf&ifjyifawmfay:odkY Cable Car ajy;qG Ja&;vkyfief;udkAD,uferf ukrPu vkyfudkifvdkaMumif; od&onf/ Ü D ,if;uJhodkY Cable Car ajy;qGJEdkif&eftwGufAD,uferfEdkifiHrS Oman Investment Fund tzGJUu rGefjynfe,ftpdk;&tzGJU½kH; {nhfcef;rü ,ckv&uf ydkif;twGif; rGefj ynfe,ftpdk;&tzGJU0ifArmwdi;f &if;om;a&; k &m0efBuD; OD;ouf0if;?b@ma&;0efBu;D a'gufwmcifarmifoif? vQyppfEifh G f S pufrvufr0efBuD; OD;Ediv0DatmifwdkYESihf vma&mufawGUqkHaMumif; I I k f od&onf/ rubber being produced within the country had doubled from last year and that now, an estimated 20 percent of the rubber produced is of high quality. He added that while the current equipment being used high-quality rubber, many local tonnes were exported, bringing in $260 million, and MRPPA aims to increase the export to 950,000 for 2013-2014. Myanmar Summary jynfwi;f a&mfbmxkwvyrrm t&nf G f k f I S taoG;xde;f csKyrerfusvsu&jSd cif;aMumifh f I d h f t&nftaoG;jrifh a&mfbmtqifhxkwf vkyfrIrsm;jym;vmrSom urÇmha&mfbm aps;uGuftwGif; aps;ydkrdk&&SdEdkifrnf[k jrefrmEdiia&mfbmpduysK;d xkwvyorsm; k f H k f f k f l toif;rS od&onf/ ]]t&nftaoG;aumif;aumif;rxkwf Ekdifawmh aps;uGufudk wifydkYvdkY&ayr,fh aps;ESrc&wmyg/jynfwi;f xkwf a&mfbm d f H G u urÇmha&mfbmaps;uGufeJY,SOf&if wpf wefudk 300? 400 tMum; aps;ESdrfcH ae&w,f/'gayrJh NyD;cJhwJhESpfuxufpm &if t&nf t aoG ; aumif ; wJ h a &mf b m 20 &mcdiEe;f avmuf wdk;wufxwvm k f I k f EkdifygNyD/ t&ifwkef;uqdk 90 &mcdkifEIef; avmufu pepfwusxkwfvkyfxm;jcif; r&SwhJ a&mfbmawG jzpfaew,f}}[k jrefrm d Ediia&mfbmpduysKd;xkwvyorsm;toif; k f H k f f k f l twGif;a&;rSL; OD;cdkifjrifhu ajymonf/ omrefenf;ynmrsm;jzifhom t&nf taoG;jrifha&mfbmrsm; xkwfvkyfEdkif&ef vkyfudkifaqmif&GufEkdifaomfvnf; jynf wGif;vkyfief;&Sifr sm;taejzifh pepfwus vkyfudkifaqmif&GufrI tm;enf;aeao; jrefrmEdkifiHa&mfbmpdkufysKd;xkwfvkyf olrsm;toif;taejzifh RSS 1 wpf wefvQif uef a':vm 2300 ESifh ESifh 2400? RSS 3 wpfwefvQif 2200? 2300? RSS 5 wpfwefvQif uefa':vm ESihf 2100? 2200 Crepe Rubber wpf wefv Qif a':vm 2000? 2100 aps; rsm;ESifh wifydkYcGifhjyKcJhaMumif; tqdkjyK xm;onf/
  8. 8. LOCAL BIZ 8 Myanmar Business Today December 12-18, 2013 How Much Would It Cost to Immunise All Children in 2014? As income from natural resources grows, there’s “an opportunity” for the Myanmar government to channel it into social development and this could be done “for a relatively small amount” of government money, it added. Ongoing reforms may have made Myanmar a darling of the West – a far cry from a couple of years ago when it was a pariah state – but the country’s spending on education, health and social welfare is still measly. Thin Lei Win A ccording to two recent reports by the children's agency UNICEF, it would take a mere 0.9 percent of revenues from two new projects to immunise all children in Myanmar in 2014 – some 1.5 million under two years of age. It would cost an estimated $11.4 million for 6.76 million doses of vaccines covering a wide range of preventable diseases and this could be funded entirely by government revenue from the Shwe project in western Myanmar and Zawtika in the south, said UNICEF. Released in November, the reports take an interesting look at how income from natural resource projects could rich but impoverished country, which has emerged from half a century of brutal military rule. Analysts and observers have long criticised Myanmar's management of its immense reserves of gas, oil, gemstones and timber as “opaque” – the kind of environment in which kleptocracies thrive as leaders and year, a huge majority of them younger than one month, said the aid agency. The current immunisation rate in Myanmar is fairly high – around 80 percent, although UNICEF says data isn’t always reliable – but there’s no reason why every single child couldn’t be vaccinated, considering the amount of money Myanmar is earning and could earn from natural resource projects. “Children are the most precious resources of the country. They must be the reforms,” said Bertrand Bainvel, UNICEF’s representative in Myanmar, in a report. Reuters Myanmar Summary ,leDqufzf uav;ol i,fr sm; at*sifpD rS rMumao;rDu xkwjf yefcaom ppfwrf; Jh 2 ckt& 2014 ckESpfwGif jrefrmEdkifiH&Sd uav;i,fr sm;tm; umuG,aq;xd;k &ef f twGuf pDrHudef;topfESpfck 0ifaiGrS 0.9 &mcdkifEIef;om ukefusoGm;zG,f&Sd aMumif; od&onf/ uav;i,frsm;tm; umuG,faq;xdk; ay;&eftwGuf umuG,faq;yrmP 6.76 rDv,twGuf tar&duefa':vm D H 11.4 rDvD,Hom ukefusoGm;rnfjzpfNyD; tqdkygukefusp&dwftm; a&TpDrHudef;ESifh aZmwdupDrHudef;rsm; tpdk;&0ifaiGrS toHk;jyKoGm;EdkifaMumif; ,leDqufzfrS ajymMum;cJonf/ h ppfwrf;rsm;udk Ed0ifbmvwGif xkwjf yef k cJNh y;D ,if;ppfwrf;rsm;onf obm0o,H ZmwpDrue;f rsm;rS &&Sonf0ifaiGu zGHUNzdK; H d d h wdk;wufrIaemufusaeaom jrefrmEdkifiH &Sd uav;oli,frsm;tm; rnfokdYtusKd; &Sdonfqdkonfhtcsuftm; taotcsm oHk;oyfxm;aMumif; od&onf/ pdppfor sm;ESifh avhvmol r sm;u jrefrm l Edii a&eHEifh obm0"mwfaiGU? ausmuf k f H S rsuf&wemESifh opftp&Sdonfh obm0 o,H Z mwrsm ;tm; pDrHc ef Y c G J r I Ei fh ywf S ouf í a0zef oHk; oyf rI r sm; jyKvk y f c J h onf / tzdk ; xd kuf wef vSaom obm0 o,HZmwrsm;tm; Ediiacgif;aqmifr sm; k f H taejzif h aumif ; rGefpm pD rH c ef Y c GJ um G jynfolrsm;twGuf tusKd;cHpm;vm&ap &ef t wGuf toHk ;jyKoGm;&rnf j zpf NyD; wdi;f jynftm; qif;&JEr;f yg;rItajctae k G rSvnf; qGJxkwfEdkif&eftwGuf BudK;yrf; oGm;&rnfjzpfonf/ onfhtwGuf tjynfjynfqdkif&mukrÜPD rsm;udkvnf; yg0ifaqmif&Guf&eftwGuf wif'gac:qdkoGm;rnfjzpfNyD; ITD yg tygt0ifjzpfaMumif; OD;at;jrifhu xyfavmif; ajymMum;cJhonf/ ITD taejzifh pDrue;wGif qufvuf H d f í yg0ifEdkifaMumif;ESifh tjcm;tjynf jynfqdkif&mvkyfief;BuD;rsm;ESif h ,SOfNydKif issues since plans were announced. The Myanmar government has attempted to convince the Japanese government to play a role in the project, although it is thought that Japan is more interested in the Thilawa project closer to Yangon. Villagers in the region have also complained about the contamination of their water due to mining in the area. Khettiya Jittapong/Reuters how much ITD spent on this SEZ,” said Set Aung. Due to the cease of operations According to reports, less than 1 percent in revenues from two projects, the Shwe pipeline in the west of the country and Zawtika in the south, would allow all children in the country to be immunised against deadly diseases. brought about by the review, an estimated 1,200 local workers will be out of work until the work begins, labour leaders have said. The project has been hit by their own , leaving the rest of the country in poverty. Despite its natural riches, Myanmar is Southeast Asia's poorest country. About one-third of its 60 million people live on less than $1.25 a day. “Myanmar is blessed with an abundance of natural resources which can be turned into meaningful, sustainable, impactful social investments right now, starting with children,” one of the reports said. world can do this project as the sole developer. We need to determine how much the ItalianThai company has invested in this project by a due diligence assessment,” he said. International audit companies Ernst & Young, Deloitte and PricewaterhouseCoopers (PWC) have been invited to submit proposals for the due diligence assessment said Set Aung, with the work expected to be completed by April 2014. According to reports, ITD has said it invested around $189 million in Dawei and expected a full reimbursement of those costs, plus interest. Reuters as a percentage of GDP, the government spent 0.76 percent on health, 1.46 percent on education and 0.01 percent on social welfare, according to UNICEF. Almost all vaccines are currently purchased with donor funds. Social spending has seen increases in recent budgets but it’s important to remember the base was extremely low. Aid workers said in 2007 that the government spent only $0.70 per person on health. “Despite improvements, the country’s under-5 and infant mortality rates are the highest among ASEAN (the Association of SouthEast Asian Nations) member countries, and many of these deaths are preventable,” it added. Around 56,000 children Workers at an industrial site in Dawei region. xm;0,fpDrHudef;rSm tvGefBuD;rm;NyD; a&eufqyurf;wpfcEifh tajccHtaqmuf d f kS ttHwuvnf; azmfaqmifom;&rnfjzpf k k Yd k d G Mum;cJonf/xm;0,fZeOuú|jzpfaom h k f OD;qufatmifu aumfrwDtaejzifh ITD rS aqmif&GufcJhNyD;aom vkyfief; udpö&yfr sm;udk jyefvnfoHk;oyfrI jyKvkyf aeaMumif;ESifh ukrÜPDr sm;tm; vdkifpifcs ay;&eftwGuf wif'gac:qdkoGm;zG,f&Sd aMumif;vnf; ajymMum;cJhonf/ ppfwrf;rsm;t& ITD onfxm;0,f pDrue;f wGif tar&duefa':vm 189 H d rDvD,H &if;ESD;jr§KyfESHcJhNyD; tqdkyg ukeus f p&d w f r sm;tm; tjynf h t 0jyef v nf &&Sd&efEihf twdk;udkyg &&S&ef arQmre;f xm; S d f S aMumif; od&onf/
  9. 9. 9 December 12-18, 2013 Myanmar Business Today
  10. 10. LOCAL BIZ 10 Myanmar Business Today December 12-18, 2013 The Surprising Potential of Myanmar-Mongolia Relations Bangladesh, and Laos – that give it more options than Mongolia has in this regard. Both Mongolia and Myanmar ence of their larger neighbors by cultivating relations with other states, including North America, Europe and Australia. Mongolia has been pursuing this course quite successfully since the 1990s, and Myanmar has been leveraging its own newly established democratic credentials to improve ties with the West after decades of isolation. Mongolia and Myanmar are likely to travel similar paths in this regard. Notwithstanding all that potential, there are important WM countries that could ultimately limit cooperation. Dr Julian Dierkes has produced a handy table comparing Mongolia and Myanmar on a number of measures, which highlights their The Oyu Tolgoi mine, located in the Gobi Desert, is one of the largest copper projects under development. Brandon Miliate management I Mongolia is widely recognized as a post-communist success story, having pursued economic and political opening simultaneously, surviving the transitions intact, stable and distinctly democratic. Today, Myanmar continues to pursue political liberalisation, and has been able to quickly reap the international n November, Mongolian President Tsakhiagiin Elbe- to Myanmar as part of his tour of Southeast Asia. This was the of state to Myanmar since diplomatic relations were established in 1956. While in Yangon and Nay Pyi Taw, Elbegdorj met with Myanmar’s President Thein Sein, following which they released a joint statement of cooperation. Elbegdorj also met with Aung San Suu Kyi, gave a wellreceived speech at the University of Yangon, and met with the newly established MongolianMyanmar Business Council. This visit will likely serve as a starting point to increased Mongolia-Myanmar cooperation, and support the deepening of diplomatic and economic ties. Mongolian-Myanmar relaAny comparison of the two countries would point to a myriad of potential avenues for cooperation. Most importantly, however, is ample scope for mutual cooperation and policy learning between Ulaanbaatar and Nay Pyi Taw on democratic governance, natural resource and foreign transition, including sanctions relief and increased economic and diplomatic ties with the US and Europe. In this regard, Myanmar may be able to learn from Mongolian successes and pitfalls in how to manage political opening and economic liberalisation. In fact, Thein Sein congratulated Mongolia on its successful democratisation and presidency of the Community of Democracies in 2012-2013. Likewise, Elbegdorj noted Myanmar’s unprecedented efforts at democratisation, and extended his country’s support rule of law and human rights. Mongolia and Myanmar are leading emerging markets for natural resources. Mongolia’s Oyu Tolgoi mine is one of the largest copper deposits currently under development, while Myanmar’s largely untapped supplies of natural gas and metals has already attracted the attention of international businesses, not to mention governments eager to access these reserves. However, as I pointed out in a previous article, both governments are also keen to balance international invesand both have had to respond to public demands for transparency and environmental protections. The potential for Mongolia and Myanmar to not only learn from each other in the but also to coordinate their policy decisions, was pointed out by recent pushes for an “M3 alliance” between Mongolia, Myanmar and Mozambique as three countries with quickly growing economies, bordering BRICS nations, keen to balance resource investment against political and societal concerns. Mongolia and Myanmar already share important foreign policy and security concerns. Both are relatively small states when compared to their large neighbors. Mongolia has to contend with its two powerful neighbors: China and Russia. Myanmar also borders two great power neighbors – India and China – but also a number of smaller states – Thailand, internal security challenges, while Myanmar is still trying to manage ongoing inter-ethnic strife in its territory. Myanmar is a country of 60 million people, while Mongolia has only 5 percent of that number (about 3 million). As a landlocked state, Mongolia’s trade is limited by port access and international infrastructure; Myanmar, as a coastal state, has more freedom in this regard. Finally, the sheer physical distance between them will limit some aspects of their potential cooperation. ences between these two countries, but there are also many potential venues for increased cooperation and mutual policy learning and coordination. ences, the space between them, Mongolian-Myanmar relations ultimately remains to be seen, but recent developments suggest cause for optimism. The Diplomat Myanmar Summary Edk0ifbmvwGif rGef*dkvD;,m;rS or®w Tsakhiagiin Elbegdorj onf ta&SU awmiftm&Sc&D;pOf wpfpdwfwpfydkif; tjzpf jrefrmEdiiokYd w&m;0ifvma&muf k f H vnfywfrI jyKvkyfchonf/ ,ckuokYdref*kd J Jh G vD;,m;or®wvma&mufrIonf 1956 ckESpfuwnf;u jrefrmEdkifiHESifh rGef*dk vD ; ,m;Ed k i f i H w d k Y t Mum; oH w ref qufqHa&;udk pwifjyKvkyfNyD;csefrSpí d yxrOD;qHk;tBudrftjzpf rGef*dvD;,m; k EdkifiHawmftBuD;tuJrS jrefrmEdkifiHodkY a&muf&Sdvmjcif;jzpfonf/ &efueEifh aejynfawmfokYd rGe*vD;,m; k f S f kd or®w a&muf&SdvmcJNh yD; jrefrmEdiiawmf k f H or®wOD;ode;f pdeEifh awGUqHum yl;aygif; f S k vkyfaqmifa&;udpö&yfr sm;udk aqG;aEG;cJh Muonf/xdkjY yif Tsakhiagiin Elbegdorj onf a':atmifqef;pkMunfESifhvnf; awGUqHcNhJ y;D topfwnfaxmifvuonfh k kd f rGef*dkvD;,m;-jrefrm pD;yGm;a&;aumifpD ESifhvnf; awGUqHkcJhaMumif; od&onf/ ,ckuJhodkY rGef*dkvD;,m;acgif;aqmifrS jrefrmEdiiokYd a&muf&SvmrIonf jrefrm k f H d Edif iH E if h rGe f * dk v D ; ,m;EdifiH wkd Y t Mum; k S k yl;aygif;aqmif&urr sm; wd;k wufvmap G f I &efEif h oHwrefqufqa&;ESifh pD;yGm;a&; S H qufEG,frsm;udk ydkrdkcdkifrmvmap&efjzpf aMumif; od&onf/ rGe*v;D ,m;ESifh jrefrmEdiiwtaejzifh f kd k f H Ykd tvm;tvmaumif;rGefaom qufqH a&;tajctaewpf&yf&SdaeNyD; yl;aygif; aqmif&GufrIrsm;taejzifhvnf; tusKd; aus;Zl;rsm;pGm &&SdEdkifonhf taetxm; wGi&Saeonf/ rGe*v;D ,m;Ediitaejzifh f d f kd k f H pD;yGm;a&;ESif h Ediia&;wd;k wufzUHG NzKd ;vmrI k f H &SdcJhNyD; ,cktcsefwGif jrefrmEdkiitae d f H jzifhvnf; EdkifiHa&;wGif ydkrdkvGwfvyfyGifh vif;vm&eftwGuf tpGrf;ukefBudK;yrf; aeNyD; Ediia&;jyKjyifajymif;vJrrsm;aMumifh k f H I tjynf j ynf q d k i f &mrS tul tnD r sm;udk vnf; &&S dxm;onf/ tqdkygtaxmuf tyHhtultnDrsm;wGif pD;yGm;a&;ydwfqdkY rIr sm;udk z,f&m;ay;jcif;? tar&duefESifh S tD;,lwYkrS pD;yGm;a&;qufE,rEifh owref d G fIS H qufqa&;udk wd;k jriaqmif&uvmjcif; H § hf G f tp&Sdonfhtcsufrsm;vnf; yg0ifonf/ jrefrmEdkifiHtaejzifh rGef*dkvD;,m; atmifjrifrrsm; &&Scyukd twk,avhvm I d Jh kH l EdkifaMumif; od&onf/ jrefrmEdkifiHESifh rGef*dkvD;,m;EdkifiHwdkYonf obm0o,H Zmwrsm; aygrsm;<u,f0aom zGHUNzdK;qJ aps;uGufr sm;jzpfNyD; aMu;eDtrsm;tjym; xGu&SEionfh tBu;D qHk;owåKwi;f wpfck f d kd f G jzpfaom rGef*dkvD;,m; Oyu Tolgoi owåKwi;f onf ,cktcg pwiftaumif G txnfazmfaqmif&uaeNyjD zpfNy;D jrefrm G f Ediitaejzifvnf; obm0"mwfaiGUESihf k f H h owåKwGif;xGufr sm;u tjynfjynfqdkif &m vkyfief;rsm;tm; qGJaqmifEdkifcJhonf/ ESpEiipvHk;tpdk;&rsm;taejzifh tjynf f kd f H jynfqdkif&m &if;ESD;jr§KyfESHolr sm; pD;yGm; a&;tay:wGif vTrf;rdk;vmrIESifh trsm; jynfolr sm;twGuf yGifhvif;jrifomrIESifh obm0ywf 0 ef ; usif umuG , f a pmif h a&Smufrr sm;udk [efcsunpm aqmif&uf I f DG G oGm;&rnfjzpfaMumif; od&onf/ jrefrmEdkifiHESifh rGef*dkvD;,m;EdkifiHwdkY taejzifh tjyeftvSef twk,lavhvm p&mrsm; jyKvkyf&mwGif o,HZmwrsm; tm; pDrHcefYcGJrIomru ay:vpDqHk;jzwf csufr sm;qdkif&mudkvnf; avhvmoGm;& rnfjzpfaMumif; od&onf/
  11. 11. LOCAL BIZ 11 Myanmar Business Today December 12-18, 2013 HR Development Key for 2015 AEC: Adviser Htet Aung Myanmar Summary M yanmar should focus on boosting its human resources capacity to prepare itself for the ASEAN Economic Community (AEC) in 2015, according to Dr Aung Tun Thet, the presidential economic adviser. “In preparation for the upcoming AEC in 2015, companies should promote the technology sector and increase its human resource capacity,” said Dr Aung Tun Thet, before adding that measures should also be taken to enhance the skill set of employees. “Our country is full of natural resources. If we have enough money, then the technological Reuters Htoo, an entrepreneur. “In this situation, we face a big challenge when it comes to competing with foreign companies, so at the present time workers should focus on being competent in their jobs,” he added. Employment agencies have also revealed that they are expecting an increase in employment fairs in the coming years, as an increasing number Coca-Cola is just one of many international companies moving into Myanmar. of foreign companies look towards Myanmar as a business destination. “Before 2015, we will arrange a number of discussions and shows that are hosted with the aim of giving Myanmar youths job opportunities in foreign companies,” said Ko Kyaw Zan, from a Yangon-based employment agencies. “I would like to advise Myanmar youths to use BBC to Open Myanmar Bureau Oliver Slow B anned during the country’s military rule, British Broadcasting Corporation (BBC), one of the world’s most recognised media companies, will open a bureau in the country next year. It was announced last week that the Ministry of Information had given permission for the company to return to the country. “There are many BBC bureaux across the world. But few are as hard fought-for as this one,” said Peter Horrocks, BBC’s director of global news on his blog. The BBC was an unmilitary junta that ruled the country until 2011, but the decision to allow operations within the country is the latest in a raft of changes to the country’s media landscape. In August 2012, a longstanding pre-censorship board was disbanded and formerly exiled media outlets including Democratic Voice of Burma and The Irrawaddy have returned to the country to begin operations. Myanmar Summary ppftpdk;&vufxufwGif ydwf yifwm;jrpfxm;cJhaom urÇmrS trsm;qH;k todtrSwjf yKxm;onfh rD'D,mukrÜPDrsm;xJrS wpfckjzpf onfh British Broadcasting Corporation (BBC) onf vm rnfhESpfwGif jrefrmEdkifiHü rD'D,m Xmeudk zGifhvSpfom;awmhrnfjzpf G aMumif; od&onf/ jyefMum;a&;0efBu;D XmerS tqdk yguk r Ü P D tm; jref rmEd k i f i H w G i f vkyfief;rsm; jyefvnfaqmif&Guf Edkif&eftwGuf cGif hjyKcsufay;cJh aMumif; od&onf/ urÇmwpf0ef;wGif bDbpowif; D D Xmeaygif;rsm;pGm&SdaeaMumif;ESifh tcsKdUrSm vkyfief;vkyfudkifaqmif &Guf&eftwGuf cufcJaomtae txm;wGif&SdaeaMumif; bDbDpD owif;Xme 'g½dkufwm Peter Horrocks u ajymMum;cJhonf/ these opportunities carefully, otherwise we cannot compete with foreign workers who will come to Myanmar in 2015,” he added. jrefrmEdkifiHtaejzifh 2015 ckESpf tmqD,HpD;yGm;a&;todkuftNrHK AEC twGuf BudKwifjyifqifrIr sm; jyKvkyf&mü jynfwGif;ukrÜPDr sm;ESif h tzGJUtpnf;rsm; bufrS tvkyform;rsm; vkyfudkifEkdif pGrf;tajctaersm;udk jznfhpGuf&ef vlU pGrf;tm;t&if;tjrpfr sm; jynfh0apa&; twGuf t"duaqmif&GufoifhaMumif; EdkifiHawmfor®wtBuHay; a'gufwm atmifxGef;ouf ajymMum;csuft& od&onf/ vmrnfh 2015 ckESpf AEC twGuf BuKd wifjyifqif&mü ukrPr sm;taejzif h Ü D enf ; ynmydi;f qdkif &mu@rsm ; zGHU NzdK; k wdk;wufa&;OD;wnfaqmif&Gufaeonf ESifhtwl vkyfief;cGifrsm;&Sd tvkyform; rsm; vkyief;qdi&m uRr;f usirtydi;f f k f f I k rsm;twGuf vlUpGrf;tm;t&if;tjrpfrsm; jynfh0aeap&ef BudKwifaqmif&GufrIr sm; jyK vk y f xm; oif h aMumif ; a'guf wm atmifxGef;oufu ajymonf/ vmrnfh 2015 ckESpf AEC twGuf jynfwGif;ukrÜPDrsm;taejzifh EdkifiHjcm; ukrÜPDrsm;ESifhwef;wl ,SOfNydKifEdkif&ef vdktyfcsuf 22 csuf&aeaMumif;udk Sdf MHR oifwef; ausmif;tkyBf uD; OD;at; ausmrS axmufjy cJhonf/ f
  12. 12. FEATURE 12 Myanmar Business Today December 12-18, 2013 Automotive: A New Booming Sector in Myanmar? Pongsak Kiatpathomchai M yanmar is the second largest country in Southeast Asia after Indonesia but it is one of the poorest nations in this region. The country has experienced changes over the past 50 years of military rule. The most election in 2010. Growth segments According to the data released by the RTAD, around 85 percent of total vehicles are motorcycles which mainly are Japanese and Chinese brands. Motorcycles have a steady growth rate of 8-10 percent per annum and are expected to continue with this growth rate in the future. However, passenger car and commercial vehicles which received import regulation are expected to have 15 percent growth per annum in the coming years From 1998-2008, Suzuki formed a joint-venture company with the government and produced 4,800 vehicles. After that, the permit was cancelled by the government. Approximately 8,500 units were produced during 2008-12 by JVs with the government and Cherry, Tata and Isuzu. In 2013, the automotive production industry has started to global players foreseeing higher demands of passenger cars have planned to build either showrooms and/or manufacturing sites in Myanmar of which the market’s key players are the Japanese brands. On the other hand, Nissan is partnering with Tan Chong Motors to build the largest automobile assembly plant in Myanmar. The new plant will open in the Bago region in 2015 to produce Nissan Sunny cars. With 300 workers, it will have a capacity to assemble more than 10,000 vehicles a year. TTAS, a joint venture between Toyota Tsusho Corp and local Aye and Sons has recently opened its second service center in mid-2013 in Shwe Than Lwin Industrial Zone in Hlaing Tharyar township. By the end of this year, there will also be a Toyota service centre in Mandalay. showroom by a consortium of four companies in May 2013: Mitsubishi Motors, Mitsubishi Corp, Yoma Strategic Holding and First Myanmar Investment. The group also plans to establish service centres in Mandalay and Nay Pyi Taw in the future. Other global car makers are also jumping into Myanmar. Ford Motor Co partnered with RMA Group and Capital Diamond Star group to open a new Ford show-room provides a full range of activities from sales and service to spare parts. General Motors has recently Pte Ltd, an existing exclusive dealer of Chevrolet and Opel Motor Ltd, a local distributor of pharmaceutical products, in mid-2013 for the distribution, sales, and service of Chevrolet vehicles in Myanmar. No clear dates have been announced as of when it will operate. The most recent move is Volkswagen which opened its Damir Sagolj/Reuters Relaxing regulations The vehicle import regulation was relaxed after the election during 2010-11 by making easier the import of commercial vehicles; trucks over three tonnes and buses over 15 seats. However, major lifts started from September 2011 when the breakthrough rule implemented – the “Old car substitution program” – allowing the application for car import permits to substitute older cars (initially those 20-40 years old) for newer models (those manufactured after 1995). From May 2011, any Myanmar citizen aged 18 years and up could import one unit of passenger car under his/her own name, only for personal usage. The imports of passenger car for commercial purposes were still limited. As a result, the latest lift was implemented from May allowing individuals or companies to import light trucks less than three tonnes. Currently, in Myanmar there is no import limits on any kind of vehicle for commercial purpose. The changes in import regulations resulted in the number of total vehicle registration jump from around 2 million units (before 2010) to 3.8 million units up to July, according to the Road Transportation Administration Department (RTAD). However, within the four wheelers population, all of the vehicles are still used cars imported mostly from Japan. compared to only 4-5 percent growth before 2012, as analysed by Solidiance, an Asia-focused A seller waits for customers at a saloon for newly imported cars in central Yangon. Saloons with newly imported vehicles recently mushroomed across the country offering everything from Indian micro cars to super expensive Rolls Royce models. It is much easier and cheaper to import cars nowadays. The incredibly complicated and expensive procedure has been replaced with something more affordable. As Myanmar opens up, the most immediate physical changes are on its streets, as new cars begin plying roads long dominated by rattletrap buses and rusting taxis. October through a partnership – although non-exclusive – with Yoma Strategic Holdings. More carmakers from China, India, and Korea are also eyeing the Myanmar market. All investments from car makers will be developing the market to speed up the growth in the years to come. Given that the automotive industry has only just begun, the selection of a good local in this initial stage as they understand market characteristics and consumer behaviour in a way that most newcomers do not. Not only foreseeing a lot of sales promotional campaigns in the short term, Solidiance also expects to see all players educating the market about the importance of after sales services by coming to authorised service centres and/or using genuine parts in the long term. As a result, marketing communication about maintenance costs can be seen when local car sales is reaching to a limit. Automotive lubricants gain interests Thanks to the potential growth of the auto industry, the related products like lubricants have drawn high attention from global brands. Currently, there are more than 200 lubricant brands registered in the market. Solidiance projects that the market size of automotive lubricants which was 52 million litres in 2012 would reach 80 million litres in 2016 as a consequence of vehicle growth. The majority of Myanmar people go for cheap lubricants (non-synthetic), but updating cars to newer car models would “The changes in import regulation resulted in the number of total vehicle registration from around 2 million units (before 2010) to 3.8 million units up to July.” Myanmar Summary ta&SUawmiftm&SEiiwpfEiijH zpfonfh kd f H kd f jref rmEdif iHonf tif ' d k e D ; &S m ;EdkifiHNy;D vQif k ta&S Uawmiftm&Sü 'kw,tBuD;qHk;EdiiH d k f wpfEdkifiHjzpfonf/ odkYaomfvnf; jrefrm EdkifiHonf ta&SUawmiftm&Sa'owGif tqif;&JqHk;EdkifiHrsm;xJrS EdkifiHwpfEdkifiH jzpfNyD; ESpfaygif; 50 eD;yg; ppftpdk;&tkyf csKyrvufatmufwif a&muf&ScJ&onf/ f I G d h 2010 ckEpwif a&G;aumufyukd jyKvkyf S f G GJ usif;ycJhNyD;aemufwGif xifomjrifom aom tajymif;tvJr sm;udk awGUjrifvmcJh &onf/ um;wifoi;f cGiqi&mrl0g'pnf; G hf kd f rsO;f pnf;urf;tm; avQmcsay;rIukd jyKvyf h k ay;cJhNyD;aemuf um;rsm;wifoGif;&ef ydkrdk tqifajyvG,uvmcJonf/2011 ckEpf f l h S pufwifbmvrSpí t"du pnf;rsOf; pnf;urf;BuD;rsm;tm; avQmhayghz,f&m; S ay;cJhNyD; um;a[mif;rsm; vJvS,fcGifh tpDtpOfwpf&yfukd jyKvyconf/ESpaygif; k f Jh f 20 rS 40 oufwrf;&Saom um;a[mif; d rsm;udk vJv,&eftwGuf um;wifoi;f S f G cGiygrpfrsm;udk avQmufxm;&ef cGijhf yKay; fh cJhonf/ 2011 ckESpf arvrSpí touf 18 trnfaygufjzifh um;wpfpD;wifoGif;Edkif NyD ; td r f o H k ; twG u f o mjzpf a M umif ; od&onf/vkyfief;oHk;twGuf um; wif oG i f ; cG i f h tm; tuef Y t owf j zif h om &&SdEdkifcJhonf/ ,cktcg jrefrmEdkifiHwGif
  13. 13. FEATURE 13 Myanmar Business Today December 12-18, 2013 make the market aware of better quality. Owners of vehicles from 2007 and after are now no longer using mineral as they used to. Asian brands particularly from Singapore, Thailand, China and Korea are the strongest players in Myanmar’s lubricant market, but the global brands have now entered the market to sell their products through joint ventures with the local distributors, as opposed to establishing their own operations in the country. However, strong players in automotive lubricants are mostly Asian brands particularly from Singapore, Thailand, China and Korea. An obvious challenge encountered in the lubricant market is tion on promotional campaigns such as free gifts and lucky Reuters tions are getting more prevalent to the eyes of customers, it is cant companies particularly in Cars at an auto showroom in Myanmar. its brand positioning. the Senior Consultant at Solidiance, an Asia-focused growth Still some time to boom Overall, the Myanmar automotive market outlook is positive – thanks to the loosening of regulations, growing industry and investments from global players. However, high-end vehicles and related products will not be growing anytime soon and will remain a small market when compared to the other ASEAN countries. Used vehicles and entry-level level cars will remain the majority of the market. Players of after sales products like auto parts and lubricants are still playing on pricing and promotions. From a business perspective, the few years from now are the years to set up the automotive businesses in Myanmar until the real boom takes place in the next 10 years. expertise centred on automotive/industrial application, technology, healthcare and green technology. uefowfcsur&SdawmhaMumif; Y f od& onf/ xdoarmfawmf,mOfwifoi;f cGiqi&m k Ykd G hf kd f rl0g'rsm; ajymif;vJrIaMumifh armfawmf um;rsm; ydkrdkwifoGif;EdkifcJhNyD; trsm;pk tm; *syefEiirS wifoi;f jcif;jzpfaMumif; kd f H G vnf; od&onf/ ukef;vrf;ydkYaqmifa&; “The market size of automotive lubricants which was 52 million litres in 2012 will reach 80 million litres in 2016 as a consequence of vehicle growth.” vkyfief;oHk;twGufrnfonfharmfawmf um;trsKd;tpm;rqdk wifoGif;cGifh tm; ñTefMum;rIOD;pD;XmerS xkwfjyefcJhaom tcsuftvufr sm;t& armfawmf,mOf pkpkaygif; 85 &mcdkifEIef;eD;yg;onf *syefEiiEifh w½kwEiixwf armfawmf kd f H S f kd f H k um;rsm;jzpfaMumif; od&onf/ armfawmfum;wifoi;f rIrm wpfEpvQif G S S f 8 &mcdkifEIef;rS 10 &mcdkifEIef;wdk;wufEIef; &SaeNy;D vmrnftem*wfwif ydrwk;d wuf d h G k kd vmEdif & ef vnf; arQm f r Se ;f xm;onf/ k armf a wmf ,mOf w if oG i f ; cG if h r l 0g'rsm; avQmcsr wdu½utusK;d aus;Zl;tjzpf h I k f kd f c&D;onfwif ESifh vkyief;oH;k um; f rsm;onf vmrnfhESpfrsm;twGif; wpf ESpvQif 15 &mcdiEe;f wdk;wufvmrnf[k f k f I arQmfrSef;xm;onf/ 2012 ckESpf rwdkifcifwGif 4 &mcdkifEIef; rS 5 &mcdkifEIef;om wdk;wufcJhaMumif; Solidiance rS pdppfavhvmrIt& od& onf/ 1998 ckESpfrS 2008 ckESpftxd qlZluD;onf jrefrmtpdk;&ESifh tusKd; wlyl;aygif;í um;tpD;a& 4800 txd xkwf vkyf c hJ o nf / xdk Y aemuf tpdk ; &rS cGifhjyKc suftm; zsufodrf;cJhonf/ 2008 ckESpfrS 2012 ckESpftwGif; Cherry , Tata ESifh Isuzu wdkYESifh yl;aygif;í armfawmfum;tpD;a&aygif; cefYrSef;ajc 8500 eD;yg;udk xkwfvkyfcJhonf/ 2013 ckEpwif armfawmfum;vkyief; S f G f rSmodompGm ajymif;vJvmcJhNyD;urÇmharmf awmfum;vkyfief;BuD;rsm;taejzifhvnf; jrefrmEdii armfawmfum; 0,fvkd tm; k f H jrifhrm;vmrIudkawGUjrifcJhNyD; armfawmf um; ta&mif;jycef;rsm;? xkwfvkyfrIvyf k ief;rsm;udk vkyfaqmif&eftwGuf pDpOf cJhMuonf/ jrefrmEdkifiH um;aps;uGuf wGif *syefEdkifiHxkwfum;rsm;u t"du ae&m,lxm;aMumif;vnf; od&onf/ Nissan onf Tan Chong Motors ESifh tusKd;wly;l aygif;í jrefrmEdkifiHwGif tBuD; qHk ; armf awmf um;wyf qif a&; vkyief;BuD;udk xlaxmif&ef BudK;yrf;cJonf/ f h tqdkygvkyfief;opftm; 2015 ckESpf wGif yJc;l wdif;a'oBu;D ü zGifvpxaxmif k h S f l oGm;rnfjzpfNyD; Nissan Sunny um; rsm;udk xkwvyom;rnfjzpfonf/tvkyf f k f G orm;aygif; 300 ESifh wpfESpfvQif armfawmfum;tpD;a&aygif; 10000 udk wyfqifxkwfvkyfoGm;Edkifvdrfhrnfjzpf aMumif; od&onf/ Toyota Tsusho Corp ESifh jynfwGif; vkyfief;jzpfonfh Aye and Sons wkdY tusK;d wly;l aygif;vkyief;jzpfaom TTAS f onf rMumao;rDu vdIifom,mNrdKUe,f 'kwd,ajrmuf0efaqmifrIpifwmudk zGifh vSpfcJhonf/ ,ckESpfukefwGif rEÅav;NrdKU üvnf; wdk,dkwm0efaqmifrIpifwmtm; zGifhvSpfoGm;rnfjzpfaMumif; od&onf/ Mitsubishi Motors , Mitsubishi Corp , Yoma Strategic Holding ESifh First Myanmar Investment wdkY aygif;pyfzGJUpnf;xm;aom pD;yGm;a&; tiftm;pkBuD;rS yxrOD;qHk;ta&mif;jycef; udk zGifhvSpfcJhNyD; rEÅav;ESifh aejynfawmf wd k Y ü vnf ; 0ef a qmif r I p if wmrsm;udk zGivpom;&ef pDpOfaeaMumif; od&onf/ fh S f G tjcm;urÇmharmfawmfum;vkyfief;BuD; rsm;taejzifhvnf; jrefrmhaps;uGufodkY 0ifa&mufvmcJhonf/ Ford Motor Co onf RMA Group, Capital Diamond Star group wdkYESifhyl;aygif;í atmufwdk bmvwGif ta&mif;jycef;opfwpfckudk zGifhvSpfcJhonf/ INTEGRATED CONSTRUCTION SERVICES IN SOUTH EAST ASIA For more than 12 years, Archetype Group has proven experience as a consultant to the construction industry throughout the region. Fully integrated services in Architecture, Engineering, Planning, Project Management and Cost Management Extensive experience across all sectors, including commercial, residential, industrial, mixed-use high-rise and other types of buildings Thorough knowledge of local markets to provide innovative, seamless and cost-effective solutions A deep understanding of fast-growth markets and rapidly changing environments Strong regional network with offices in Myanmar, Thailand, Cambodia, Vietnam, Laos, Indonesia, India, Qatar, Mongolia, Kazakhstan and France. Ya n g o n O f f i ce : S h we H i n t h a Towe r B, R o o m 3 0 6, N o. 5 1 . P yay R o a d , 6 1 / 2 M i l e s, Ya n g o n , Mya n m a r | + 9 5 -1 5 0 7 3 4 4 e x t . 1 5 9 | w w w. a r c h e t y p e - g r o u p . c o m
  14. 14. REGIONAL BIZ 14 Myanmar Business Today December 12-18, 2013 Martin Petty A with record 22.3 percent growth from January to October in tourism, a sector accounting for 9 percent of gross domestic product (GDP), and big infrastructure spending. That could be wishful thinking. Images of streets crammed with whistle-blowing demonstrators seeking to topple Prime Minister Yingluck Shinawatra jar with "Amazing Thailand" tourist advertisements. About 16 billion baht ($497.82 million) has been lost through holiday cancellations this month alone, just as peak season begins, says the Tourism Ministry. The protests could also add to delays in the injection of 2 trillion baht ($62 billion) into the economy through infrastructure projects that have been on ice for months, bogged down in legal limbo from an opposition party challenge. "Real concerns come via further delays in infrastructure spending and impact on tourism, the two most likely drivers of Thai GDP next year," Credit Suisse economist Santitarn Sathirathai wrote in a research note. "These two components are likely to be sensitive to political and government stability," he said, adding that a snap election could return a weaker coalition that would struggle even more to push through big spending plans. Thailand's baht currency, now the fourth-weakest in Asia, is another factor. Even before the has seen governments toppled, protesters shot, buildings and buses set ablaze, and airports and shopping malls seized by demonstrators. cial markets typically swoon and rebound. The bloodiest political violence in a generation erupted in April and May 2010, but that year; stocks rocketed 40.6 percent and the economy bounded ahead by 7.8 percent, its best growth in 15 years. Private investment jumped 14 percent and exports rose nearly 30 percent. Tourists returned to Thai beaches in near-record numbers, up 12 percent that year. "The majority of foreign investments are not in Bangkok," says Teeranan Srihong, president of Kasikornbak Pcl, referring to the manufacturers at the heart of Thailand's economy whose factories stud surrounding provinces. Reuters s anti-government protests roil Bangkok, the president of Thailand’s largest petro-chemical company is already seeing scattered disruptions to business. "We have taken into account the possibility of prolonged political problems and we think it could hurt our businesses next year," said Bowon Vongsinudom, president of PTT Global Chemical Pcl, after days of protests including the occupation of the Finance Ministry. While Thailand’s economy, Southeast Asia's second largest, typically shows remarkable resilience to political turbulence, there are factors this time around that suggest the unrest could exacerbate already softening business conditions. Consumer spending has slumped this year and exports, worth 60 percent of Thailand's ging amid weak global demand. The government had pinned its protests, it looked vulnerable to the US Federal Reserve's expected winding down of its $85 billion a month monetary stimulus measures. The monthly correlation between the baht and 2-year US Treasury yields has been at record highs, which means the currency already looks ripe for a fall when the Fed eases its stimulus measures. So foreign investors who poured into Thailand over the past six months as they avoided more troubled markets such as Indonesia and India now have two reasons to leave: higher U.S. rates and domestic political concern. Political turmoil isn't always a drag on Thailand's economy which has weathered eight Anti-government protestors march through downtown Bangkok. government demonstrations. But Bajoria acknowledges there are some risks. "If there's an escalation or a snap election called, then it would create uncertainty that would certainly make people edgy for a while," he said. Thailand's latest economic data - a snapshot of the economy before the protests - have been largely worse than economists expected, with factory output declining for a seventh successive month in October, down 4.08 percent from a year earlier and a month-to-month decline of 0.85 percent. Exports fell 0.7 percent in October from a year earlier and the central bank on Wednesday cut its 2013 GDP growth forecast to 3 percent, from a scaled down “Images of streets crammed with whistle-blowing demonstrators seeking to topple Prime Minister Yingluck Shinawatra jar with “Amazing Thailand” tourist advertisements.” "Thailand will be an attractive destination for foreign investors over the long term." There's a nickname for Thailand". "Those who follow Thailand are aware how it has bounced back and right now, I don't see any major negative impact," said Rahul Bajoria, an economist at Barclays Capital in Singapore, referring to six days of anti- 3.7 percent seen last month. Its surprise quarter-point interest rate cut to 2.25 percent stretched the baht's losses to 0.3 percent to a 10-week low of 32.10 to the dollar on Wednesday and economists expect a further weakening as foreign Foreign investors sold a net $1.5 billion in Thai shares this month. But these pressures were well in place before the protests took hold. Viboon Komadit, chief marration, which runs Thailand's biggest industrial zone, said investors were prepared to weather political storms. "We've been through Thai political turmoil for years," Viboon told Reuters. "The international community will understand, political volatility is part of development under a democratic system." Reuters Myanmar Summary befaumufwGif tpdk;&qefYusifa&; qE´jyrIr sm; jzpfyGm;aeaomaMumifh xdkif; EdkifiH tBuD;qHk; a&eH"mwkukrÜPDBuD; taejzifhvnf; vkyfief;aqmif&GufrIrsm; &yfem;xm;&aMumif; od&onf/ ,ckuJhodkY EdkifiHa&;jyóemrsm; BuHK awGUae&aomaMumifh tusKd;quftae jzifh vmrnfhESpfwGif pD;yGm;a&;vkyfief; rsm;tm; xdcdkufEdkifaMumif; PTT Global Chemical Pcl rS Ouú| Bowon Vongsinudom u ajymMum; cJhonf/ ta&SUawmiftm&S 'kwd,pD;yGm;a&; tiftm;Bu;D EdiijH zpfonfh xdi;f Ediitae k f k k f H jzifh EdkifiHa&;oufa&mufrI'Pfudk cHEdkif onfhtoGif&SdcJhNyD; ,cktajctaewGif pD; yGm ;a&;tajctaeudk xd cdkufapNyD; zGUH NzKd ;wd;k wufruvnf; tvm;wl xdcuf I kd kd vmEdkifrnf[k oHk;oyf&onf/ pm;oHk;ol oHk;pGJrIr sm;taejzifh ,ckESpfwGif usqif; cJhNyD; xdkif;EdkifiH tar&duefa':vm 366 bDvD,H wefzdk;&Sdonfh pD;yGm;a&; tiftm; 60 &mcdkifEIef; yg0ifaeaom ydkYukefwifydkYrItajctaerSmvnf; urÇmh 0,fvtm; tm;enf;csuaMumifh usqif; kd f rI&SdaeaMumif; od&onf/ tpdk;&taejzifh tqdkygusqif;rIrsm; ud k umrd ap&ef Z ef e 0g&D v rS a tmuf wd k bmvtxd c &D ; oGm ;vk y f i ef ; rsm; 22 .3&mcd k i f E I e f ; wdk;wuf vm&ef a rQm f vifhxm;NyD;c&D;oGm;vkyfief;rSmpkpkaygif; jynfwGif;xkwfukefwefzdk;wGif 9 &mcdkif EIef;txd yg0ifaeaMumif; od&onf/ xdkodkY arQmfrSef;csufrsm;&Sdaeaomf vnf; ,cktcsetcgwGif Ediia&;rwnfrNidrf d f k f H jzpfaeonfhtwGuf,ckv wpfvwnf; rSmyif c&D;oGm;vmrItpDtpOfrsm;zsuf odrf;rIaMumifh xdkif;bwfaiG 16 bDvD,H (tar&duefa':vm 497.82 rDvD,H) txd qHk;½HI;epfemrIr sm;&Sdae aMumif; od&onf/ ,ckuJhodkY qE´jyrIrsm;aMumifh tajccH taqmufttHkpDrHudef;rsm;rSwpfqifh pD;yGm;a&;wGif bwfaiG 2 x&DvD,H (tar&duefa':vm 62 bDvD,H) txd ydkrdkyg0ifvm&efwGif aESmifhaES;MuefYMumrI rsm;udk jzpfyGm;apEdkifaMumif; od&onf/ tajccHtaqmufttHprue;f rsm;tae k D H d jzifh vtawmfMum aESmifhaES;MuefYMumrI rsm; jzpfay:aecJonf/ ,ckuoYkd Ediia&; h hJ k f H rwnfrNidrfjzpfrIrsm;aMumifh tajccH taqmufttHu@ü &if;ES;D jrK§ yErr sm; k f HS I udk aESmifhaES;apovdk c&D;oGm;vkyfief; rsm;udvnf; xdcuapaMumif;ESifh tqdyg k kd f k u@ESpfckvHk;rSm vmrnfhESpf xdkif;EdkifiH pkpkaygif;jynfwGif;xkwfukeftwGuf t"duusonfhu@ 2 ckvnf;jzpf aMumif; Credit Suisse rS pD;yGm;a&; ynm&Sif Santitarn Sathirathai u okawoerSwfwrf;wpfckwGif a&;om; xm;cJhonf/ ,if;u@ 2 &yfvkH;rSm EdkifiHa&;ESifh tpdk;&wnfNidrfrIwdkYtay:wGif vGefpGm rlwnfaeaMumif;vnf; od&onf/
  15. 15. REGIONAL BIZ 15 Myanmar Business Today December 12-18, 2013 China Imported Gas Price Hike May Boost Imports gas shipped in tankers, domestic sales prices would be 31.45 yuan per gigajoule, according to the MOF, which industry experts converted to around 1.20 yuan per cubic metres. The price adjustment is an apparent follow-up to Beijing’s move in June to raise gas prices for wholesale distributors selling to non-residential users by Chen Aizhu and Judy Hua C hina has hiked the price of imported natural gas by more than a quarter backdated to July 1 as it tries to encourage more deliveries by pipeline and ship to cover a winter shortage of the fuel, industry experts said. The world’s top energy user has been in a severe gas shortage since early November that has forced rationing and the suspension of supply to some industries as it tries to guar- to a statement on the Ministry of Finance website. narrow its losses from selling imported gas below cost and lion yuan ($3.27 billion) every year from 2014. PetroChina recorded a loss of 42 billion yuan last year for sell- Shamil Zhumatov/Reuters and transport use. “This is a small step in domestic gas pricing reform toward ensuring adequate supplies of gas in what could be a colderthan-expected winter,” said Gordon Kwan, head of oil and gas at Nomura Research. Beijing is also expected soon to introduce other reforms in pricing the cleaner-burning fuel to boost imports and encourage the development of China’s shale gas resources. The average sales price for imported pipeline gas will be set at 1.11 yuan ($0.18) per cubic national scale in three years. Top oil and gas producer PetroChina said in August it low prices as mandated by the A Chinese worker walks past gas taps of the Kazakh stretch of the new 1,833-kilometre outside Almaty. The ministry did not provide a comparison, but based on a previous rate of 0.88 yuan per cubic metre set in July 2010, this would mark a 26-percent increase. “It (the price increase) will help big gas importers like PetroChina mitigate their losses from selling Central Asia gas and LNG at below cost,” Kwan said. ral gas (LNG), or super-chilled Banco do Brasil Looks to Asia for $1 Billion Loan, Sources Say Guillermo Parra-Bernal S tate-controlled Banco do Brasil SA, Latin America’s largest bank by assets, is in talks with a pool of lenders to raise at least $1 billion in a syndicated loan transaction, two sources with knowledge of the deal has said. Banco do Brasil is seeking to attract Asian investors to the deal, said one of the sources, who declined the transaction is in the works. A second source said the loan would have two portions of three and four years, respectively. if market conditions turn out favorable, the amount raised could go "north of the $1 billion mark." None of the sources detailed the targeted cost of borrowing for both tranches. The second source added that the Asia-based units of JPMorgan Chase & Co, NP Paribas SA, HSBC Holdings Plc and Standard Chartered Plc were a chance to participate in the deal. Banco do Brasil declined to comment on the loan plans. Many Brazilian companies are actively marketing fundraising deals in international debtmarkets before the end of the year, with state-controlled oil producer Petróleo Brasileiro SA and mining giant Vale SA considering the sale of global bonds within weeks. Vale, Petrobras and Banco do Brasil could obtain fresh funds for investments and other corporate purposes earlier than usual to mitigate fundraising risk ahead of the presidential election in Brazil next October and the US Federal Reserve's expected tapering of years of monetary stimulus. Reuters Myanmar Summary " e Opöm ydif qkdif rI wef zdk ; t& k vufwiftar&du tBuD;qHk; bPfjzpfaom EdkifiHydkif Banco do Brasil SA bPfonf tenf;qHk;acs;aiG tar&duef a':vm 1 bDvD,Htxd jr§ifhwif Edkif&eftwGuf &if;ESD;jr§KyfESHolr sm; ESifh aqG;aEG;rIrsm;jyKvyaeaMumif; k f od&onf/ Banco do Brasil onf tm&S &if;ESD;jr§KyfESHolrsm;udk yg0ifvmEdkif &eftwGuf qGaqmifaeNy;D acs;aiG J taejzifh oHk;ESpEifh av;ESptydi;f f S f k 2 ck t oD ; oD ; &S d rnf j zpf a Mumif; vnf; od&onf/ JPMorgan Chase & Co , NP Paribas SA , HSBC Holdings Plc ESifh Standard Chartered Plc wdkY tm&S tajcpdkuf,lepfrsm;taejzif h 0if a&mufvkyfaqmifEdkif&eftwGuf tcGitvrf;wpfcukd &&Som;zG,f hf k d G &Sdaeonf/ Banco do Brasil rS acs;aiGtpDtpOfESifh ywfoufí wpfpHkwpf&m xifjrifcsufay;rIudk rjyKvkyfcJhaMumif; od&onf/ PetroChina imports LNG and also operates the country’s cross-country gas pipelines from Central Asia and Myanmar. China, the world’s fourthlargest gas user, is encouraging greater use of the lower-carbon fuel, with consumption set to triple by 2020. Reuters Myanmar Summary w½kwEiitaejzif h obm0"mwfaiGU f kd f H oGi;f ukeaps;EIe;f rsm;tm; vuf&aps;EIe;f f dS av;yHkwpfyHk xyfrHjr§ifhwifcJhaMumif; od&onf/ w½kwEiitaejzifh aqmif;&moDwif f kd f H G avmifpmvdktyfrIudk ajz&Sif;&eftwGuf BuKd ;yrf;aeNy;D obm0"mwfaiGUwifoi;f G rIudk ydkrdktm;ay;&eftwGuf ,ckuJhodkY aps;EIe;f rsm; jriwifay;cJjh cif;jzpfaMumif; § hf uRrf;usifolrsm;u ajymMum;Muonf/ urÇmxywef;pGr;f tifo;kH pGojl zpfonfh h d f J w½kwfEdkifiHtaejzifh Edk0ifbmv tapm ydkif;umvrSpí "mwfaiGUjywfawmufrI rsm; jzpfay:cJhNyD; cGJwrf;pepfudkvnf; toHk;jyKcJh&ovdk tcsKdUvkyfief;rsm;udk "mwfaiGUaxmufyHhay;rIudk &yfqdkif;xm; cJh&aMumif; od&onf/ w½kwEiitaejzifh jynfwif;twGuf f kd f H G pGr;f tifvtyfrukd jznfqnf;&eftwGuf kd I h obm0"mwf a iG U t&if; tjrpf r sm;udk vnf; cswfqufNyD; wifoGif;oGm;&ef d BudK;yrf;aeonf/ w½kwEiitaejzifpr;f f kd f H G tifavmifpmwifoi;f rIuwk;d wufvmap G kd &efEifh w½kwEdkifiH shale gas t&if; S f tjrpfrsm;tm; zGUH NzKd ;wd;k wufrrsm;&Svm&ef I d twGufaps;EIef;jyKjyifajymif;vJrIr sm;udk rMumcifumvtwGiaqmif &Gufom ;Edif f G k &efarQmre;f xm;aMumif; od&onf/ f S
  16. 16. REGIONAL BIZ 16 Myanmar Business Today December 12-18, 2013 Work Ethic, Comic Hero Make Koreans Hot Shots in Car Design Myanmar Summary Norihiko Shirouzu and Hyunjoo Jinwon I n today’s auto industry, where famed Japanese quality and durability are increasingly a given, design is king and, among designers, South Koreans are hot property. From General Motors’ bold Chevrolet Camaro to the quintessential British gentlemen’s Bentley, more top models at automakers in the United States and Europe, and even at Toyota Motor, as well as, of course, at Hyundai Motor and Kia Motors. Theories for this Korean wave vary: from Hyundai’s rise and the nation’s work ethic, to a societal emphasis on external beauty – Korea has a thriving cosmetic surgery industry – and the impact of a 1990s comic book and TV series called “Asphalt Man”, which starred local heartthrob Lee Byung-hun as a young car designer. The aspir“a lot of kids, including me, at the time,” said Sangyup Lee, who is in charge of exterior design and advanced design at Bentley’s main studio in Crewe, Lucy Nicholson/Reuters of a group of designers from South Korea, which some have dubbed “Asia’s Italy” for its impact on car design, fashion and aesthetics. As competition in the industry becomes ever more cut-throat, partly as gaps in quality and technology narrow, automakers need bolder, edgier designs to ent pool, South Koreans stand out. Designers, including Sangyup Lee, Jinwon Kim and Jay Jong- College of Design in Pasadena, California. in northwest England. Four years ago, Lee led a Korean-Russian-Brazilian team that redesigned the new Camaro for launch by GM in 2009. He later moved to Volkswagen and then to the German group’s Bentley unit. Another member of the Camaro team was Steve Kim, a Korean native, who is a director at GM’s design studio in Seoul. The two used to work in the basement of Lee’s house in a Detroit suburb, often late into the night tossing around to conjure up the new Camaro. At GM, the Detroit automaker that bought failed Daewoo Motors in 2002, close to three dozen Koreans are among several hundred professionals working at the main US studio in Warren, Michigan – and are “K-team”. Tim Lee, GM’s global manufacturing chief and China unit chairman, says most global brands are now equally capable on quality and technology. “What sets us apart? Great design and (economies of) scale,” he said, noting a successful auprices. At Toyota, Jinwon Kim led the design of the FJ-Cruiser, an edgy sport utility vehicle. Mercedes-Benz designer Hubert Lee, American-born but who grew up in Seoul, masterminded the styling of the CLS luxury coupe, and Jay Jongwon Kim is a rising talent at Opel, one of the design brains behind the Monza concept car that won plaudits at this year’s Frankfurt auto show. “Koreans are extremely good designers, well trained and disciplined,” said Chris Bangle, a former BMW design chief who now runs a design consultancy in Italy. Bumsuk Lim, a Korean native and a professor of car design at the Art Center College of Design in Pasadena, California – widely regarded as the Harvard of auto design – says the rise of Korean designers is a result of a turn in the global industry. “In most mature markets people have moved on and cars are generally nothing more than a means of transportation,” he said. “In Korea and, increasingly, China, people still dream of owning cars and they’re considered a status symbol,” making car design a desirable profession. 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  17. 17. REGIONAL BIZ 17 Myanmar Business Today December 12-18, 2013 Macau’s Junket Operators Prowl SE Asia to Expand VIP Business Reuters Wealthy Chinese gamblers are a growing presence in Asia’s emerging casino hubs as Macau's junket operators use their home base as a springboard to grow their highroller business across the region. "The junkets are very aware and are looking all over Asia to expand. It's the biggest expansion phase ever right now," said Ben Lee, Asia gaming consultant at Macau-based consultancy IGamiX. A gambling table at a casino in Macau. Farah Master O Solaire’s plush oceanfront casino in Manila, the dealers speak Mandarin, the players are Chinese and revenue from high-roller gamblers is rising rapidly. "It's almost not in the Philip- pines. It's more like you're in Macau," says Francis Hernando, the Philippine gaming body's vice president for licensed casino development. just one way the junket operators - which earn commissions from casinos to attract "big whale" gamblers - are responding to pressures at home as Beijing strives to turn Macau into a massmarket tourist destination. Caps on the supply of gaming tables that Macau's casinos can install and new rules that make it harder for wealthy punters to remain anonymous are two of the regulatory changes prompting the junkets to alter their business model. As a result, the proportion of Macau's gaming revenue from VIPs has fallen to its lowest share since 2006, while spending by middle-class, massmarket gamblers - who do not rely on Macau's idiosyncratic junket system - is surging. Armed with extensive customer networks and deep pockets thanks to monthly turnover of up to $9 billion, the junkets are now trying to repeat the Macau formula in countries such as Cambodia, the Philippines and Vietnam. Suncity, Heng Sheng Group, David Group, Tak Chun, Jimei Group, Golden Group, Mega Stars and Golden Dragon are some of the Macau junket operators scouting opportunities overseas. Emerging casino hubs in Southeast Asia have lower
  18. 18. INTERNATIONAL BIZ 18 Myanmar Business Today December 12-18, 2013 Holiday Weekend Sales Dip on Discounts, E-Commerce Jumps H eavy discounting took a toll on US retail sales during the Thanksgiving weekend as shoppers spent almost 3 percent less than they did a year earlier, according to data released by an industry group. That could be an indication of retailers. One bright spot this weekend, according to the data, was e-commerce as online sales soared. The National Retail Federation (NRF) estimated the average shopper spent $407.02 over the weekend, or 3.9 percent less than during the same weekend last year, because of lower prices it said would persist through the rest of the season. "Retailers will continue to aggressively promote their looking to entice today's very budget-conscious and valuefocused shopper," said NRF Chief Executive Matthew Shay. The NRF said 141 million people went shopping at least once during the holiday weekend, up from 139 million last year. But total spending was expected to reach $57.4 billion for the fourday period - which includes Black Friday, the biggest shopping day of the year - down 2.8 percent from $59.1 billion over the same weekend in 2012. The big deals will also dent "Sales will go up, but gross margins are going to be down. Doorbusters were what people were shopping for, more than Ron Friedman, retail practice Marcum LLP. The Thanksgiving weekend is an early gauge of consumer mood and intentions in a season that generates about 30 percent of sales and nearly 40 percent of But many have given modest forecasts for the quarter. WalMart Stores Inc said it expects no growth in its US comparable sales, and Macy's Inc didn't raise its full-year sales forecast despite strong numbers last quarter. The shorter holiday period this year - there are six fewer days between Thanksgiving and Christmas compared with 2012 - prompted retailers to begin earlier than usual, something Shay said likely pulled some the week. The NRF stuck to its forecast for retail sales to rise 3.9 percent for the whole season. Chad Hastings, the general manager of Town East Mall in Mesquite, Texas, near Dallas, said shoppers were even more focused this year on specials, noting a higher correlation between the timing of doorbusters his mall over the weekend. "Retailers are doing whatever they can to get that wallet share earlier," Hastings said. Town East Mall's anchor tenants include J.C. Penney, Macy's and Sears. ComScore Inc, an analytics 17.3 percent on Thanksgiving and Black Friday, outpacing sales growth at brick-andmortar stores. ComScore has forecast a 16 percent jump in online sales for the season, helped by greater use of mobile devices. The most visited e-commerce sites in order were those of Inc, eBay Inc, Walmart, Best Buy Co Inc and Target Corp, comScore said. Retailers are also being aggressive online as they look to which falls on December 2 this year. Cyber Monday is the biggest sales day of the year for e-commerce. “Retailers will continue to aggressively promote their in-store and online offerings, looking to entice today’s very budget-conscious and valuefocused shopper,” Reuters Phil Wahba Shoppers walk past a Barneys store in New York. J.C. Penney Co Inc and Macy's were among retailers that had already begun their "Cyber Monday" sales on Sunday, looking to keep the momentum going. Target was calling the occasion "Cyber Week." The NRF predicted 131 million Americans would shop online on Cyber Monday, compared with 129 million last year. found overall shopper trafFriday fell 5.2 percent and that ent stores, doing more online research beforehand. But shoppers spent more money in the stores they did go to, and Shelley Kohan, vice president, retail consulting at RetailNext, said that a website good enough to make shoppers want to visit a store is more crucial now than ever. "Shoppers have more options," Kohan said. Reuters Myanmar Summary tm;vyf&uf owå ywftwGif; tar&duefvufvDa&mif;cs rIrsm;wGif aps;EIef;avQmhc sa&mif;csrIrsm; udk jyKvycJ&NyD; aps;0,folrsm; oH;k pGrI k f h J onfvnf; vGeconfEpEifhEi;f ,SOvQif f hJ h S f S Id f 3 &mcdkifEIef; avsmhusoGm;aMumif; od& onf/ Thanksgiving tqdygtcsuu vufvvyief;tawmf k f D kf rsm;rsm;twGuf cufcaomtajctaewpf J &yfjzpfaMumif; od&NyD; Thanks giving tm;vyf&ufrsm;onf e-commerce vkyfief;rsm;twGuf tGefvdkif;rSwpfqifh a&mif;csrIr sm; trsm;qHk; jyKvkyf&onfh umvwpfcjk zpfonf/ National Retail Federation (NRF) rS cefYrSef;csuft& tqdkygtm;vyf&ufumvtwGi;f aps; 0,fowpfO;D rS ysrf;rQokH;pGJronf tar&d l I uefa':vm 407. a':vm&SdaMumif; 2 ESi f h vGefcJ onfh ESpf tqdkygumvtwGif; h oHk;pGJrIESifh EdIif;,SOfvQif 3.9 &mcdkifEIef; avsmhenf;oGm;aMumif; od&onf/ ,if; umvtwGi;f aps;EIe;f rsm;udvnf; avQmcs k h cJh&aMumif; od&onf/ qdkifwGif; ESifh tGefvdkif;a&mif;csrIr sm;udk wdk;wufvmap&eftwGuf qufvuf ½kef;uefaqmif&Gufom;&rnfjzpfaMumif; G NRF rS trIaqmifcsKyf Matthew Shay u ajymMum;cJhonf/ tm;vyf&ufumv twGif; aps;0,f ,l rI jyKvkyf ol a ygif; tenf;qHk; 141 oef;txd &ScJaMumif;ESif h d h vGeconfEpwif 139 oef;&ScaMumif; f hJ h S f G d Jh od&onf/ pkpkaygif;0,f,loHk;pGJrIrsm;rSm av;&ufwmumvtwGif; tar&duef a':vm 57.4 bDvD,Htxd a&muf&Sd rnf[k cefYrSef;od&Sd&NyD; 2012 ckESpfwGif tar&duefa':vm 59. bDvD,H &&Sd 1 cJhonfhtwGuf ,ckESpfwGif 2.8 &mcdkif EIe;f usqif;cJaMumif; od&onf/ a&mif;cs h rI r sm ;onf jrif hwuf vmvd rf h r nf j zpf aomfvnf; pkpkaygif;0ifaiGrsm; usqif; vdrfhrnfjzpfaMumif;? yHkrSefaps;EIef;&Sdonfh ukefpnfr sm;xuf aps;EIef;oufomaom ukefpnfrsm;udkom 0,f,lcJhMuaMumif; Marcum LLP twdkifyifcHvkyfief;rS vufvDvkyfief;ydkif;qdkif&m tBuD;tuJ wpfOD;jzpfonfh Ron Friedman u ajymMum;cJhonf/ Thanksgiving tm;vyf&ufumv wGif a&mif;cs&rIonf vufvDvkyfief; rsm; wpfEpwm0ifaiGtwGuf rsm;pGm S f oufa&mufr&SaeNyD; wpfEpwm a&mif;cs I d S f &rI 30 &mcdkifEIef;txdESifh vufvD vkyfief;rsm;twGuf tjrwfaiG&&SdrI pkpk aygif; 40 &mcdkifEIef;txdudk tqdkyg tm;vyf&uftwGif; &&SdaMumif; od& onf/ tqdyg tm;vyf&ufumvtwGi;f k a&mif; cs&rI ukd vl tawmf r sm ;rsm;u tweftoifha&mif;cs&rnf[k cefYrSef; xm;cJMh uNy;D Wal-Mart Stores Inc u vmrnf r[kwf [k arQm f r S e f ; xm;ovdk Macy's Inc uvnf; vGefcJhonfh oHk;vywfumvtwGif; a&mif;csrItm; a&mif;csrI arQmfrSef;csufuk d wdk;jr§ifhrI rjyK vkycJaMumif; od&onf/ ,ckEpf tm;vyf f h S &ufrm vGecJonfEpxuf ydrwawmif; S f h h S f k kd kd NyD; Thanksgiving ESifh c&pfprwf umvtwGi;f vufvvyief;rsm;twGuf D k f a&mif; cs&ef ajcmuf & uf a vsm hom;cJ h G aMumif; od&onf/ NRF rS wpfESpf wmvHk; vufvDa&mif;csrI wdk;wufrIEIef; rSm 3.9 &mcdiEe;f &Srnf[k cefre;f xm; k f I d Y S cJhonf/
  19. 19. INTERNATIONAL BIZ 19 Myanmar Business Today December 12-18, 2013 GrainCorp Rejection Tarnishes Australia’s Reputation as “Open for Business” Reuters The US is the largest foreign investor in Australia, with a stock of foreign direct investment approaching $150 billion. Marquardt said he recognised the ADM decision was a statistical anomaly, but "nonetheless we are concerned about its impact." Of major concern is the role played by politics and public opinion in the ADM deal. The purchase had previously been approved by Australia's competition regulator and analysts had expected it to proceed. But it was unpopular with farmers and many voters and had stoked divisions between Abbott's Liberal Party and its junior partner, the rural-based National Party. "The new government is seemingly more sensitive to factors in the country. Jane Wardell A ustralia's "open for business" sign is swinging precariously in the wind after the government blocked a A$2.8 billion ($2.6 billion) takeover of GrainCorp by US agribusiness giant Archer Daniels Midland (ADM). The surprising decision to bow to pressure from grain growers is likely to spook foreign investors, who already think that pushing a deal through in Australia is tough, international lawyers and bankers who work in mergers and acquisitions said. Treasurer Joe Hockey rejected the deal - the third-biggest takeover by a foreign company in Australia to be blocked - after the Foreign Investment Review Board (FIRB) had failed to reach a consensus recommendation. Citing national interest, Hockey said domestic grain growers were concerned the takeover of a company handling a third of Australia's wheat production would reduce competition and impede their businesses. Although the rejection does not set a legal precedent because prospective foreign deals are judged by FIRB on a caseby-case basis, it reinforces the perception Australia is not as open for business as it likes to think. "We need to be careful about the message we are sending," said Malcolm Brennan, a spe& Wood Mallesons, where he advises clients on Australia's foreign investment regime. "There are so many myths out there and we are in competition with others for deals." In reality, FIRB passes the vast majority of deals it reviews. It rejected just 13 of more than 2012, all related to real estate. for Australia's Warrnambool Cheese and Butter Factory Holdings Ltd, Canada's largest dairy maker Saputo Inc found its A$515 million bid quickly waved through by the FIRB. Aware of the potential repercussions of the ADM rejection, Prime Minister Tony Abbott said he wanted to "make it absolutely crystal clear that we are open for business, we are open for foreign investment". a deal goes to FIRB it is the end of the deal," said Brennan. Scott Weldon, director research and trading at Duxton Asset Management in Singapore, said the bid was rejected on "potentially reasonable grounds" because of GrainCorp's national strategic importance and dominance in the market. "We would hope this does not ing smaller foreign investments into the agricultural sector," Weldon said. Duxton manages around $430 million in agricultural assets for its clients. The American Chamber of Commerce in Australia said it was very concerned about “We would hope this does not reflect a change for policy affecting smaller foreign investments into the agricultural sector,” and smaller farmers' ability to do business, which constitute a large portion of their supporter base," said Weldon, of Duxton Asset Management. Parallels could be drawn with the intense political debate that surrounded the landmark $15.1 billion acquisition of Canadian company Nexen Inc by stateLtd earlier this year. That purchase resulted in a policy backlash by the Canadian government, which raised the bar for future acquisitions by state-owned enterprises of its vast oil sands reserves, limiting them to minority stake holders. Adam Strauss, a partner at Herbert Smith Freehills, a law Ltd in a potential buyout by its Chinese parent, Yanzhou Coal Mining Co Ltd , said the ADM decision highlighted the need to play a political as well as an investment game. "I think a lesson for foreign investors is really about managing stakeholders in the media and politics so you don't lose control of the way the deal is perceived," Strauss said. "ADM probably lost control of the debate and failed to win those stakeholders over in terms of Reuters foreign investment applications since his conservative Liberal Party-led Coalition government took power in September. the reality does not weigh heavily enough on the perception. "Chinese and other Asian investors are of the view that the signal the ADM decision sends to other potential foreign investors. "Like many others, AmCham had been watching this particular investment application carefully, knowing it would inevitably have a real impact on American and foreign perceptions of Australia as a place to invest," Niels Marquardt said. Myanmar Summary MopaMw;vs "open for business" qdkonfhtcsuftaejzifh tpdk;&rS Mop aMw;vsa':vm 2.8 bDvD,H wefzdk;&Sd onfh GrainCorp tm; tar&duef vkyfief;BuD;jzpfonfh Archer Daniels Midland (ADM) rS vufvTJ0,f,l rIudk ydwfyifwm;jrpfcJhrIaMumifh ra&&m raorcsmjzpfvmcJhNyDjzpfaMumif; od& onf/ ,ckuJhodkY tpdk;&rS tHhtm;oifhzG,f qHk;jzwfcsufu EdkifiHjcm;om;&if;ESD;jr§KyfESH olr sm;udk ajcmufvevuonfh toGi&dS S Yf dk f f aeNyD; &if;ESD;jr§KyfESHolrsm;taejzifhvnf; MopaMw;vswGif vkyfief;oabmwlnD csufwpfck &&Sd&eftwGuf aqmif&Guf& onfrm cufcaMumif; ,cifuwnf;u S J awG;xifcMhJ uaMumif; tjynfjynfqi&m kd f Oya'tusK;d aqmifr sm;ESifh bPfvyief; k f &Sifr sm;u ajymMum;cJhMuonf/ b@ma&;rSL; Joe Hockey u MopaMw;vswif wwd,tBuD;qH;k EdiiH G k f jcm;vkyfief;wpfckrS vkyfief;vTJajymif; 0,f,lrIoabmwlnDc sufudk wm;jrpfcJh jcif;jzpfNyD; jynfy&if;ESD;jr§KyfESHrIqdkif&m oHk;oyfa&;bkwtzGUJ (FIRB) rS trsm; f oabmwlqE´&&Sd&ef BudK;yrf;cJh&mwGif ratmifjrifcJhNyD;aemuf b@ma&;rSL;u ,ckuJhokYd vkyfief;vTJajymif;0,f,lcGifh oabmwlnDc suftm; wm;jrpfvdkufjcif; jzpfonf/ trsKd;om;tusKd;pD;yGm;ESifh pyf vsOf;í jynfwGif;*sKHpdkufysKd;olr sm;tae jzifh vkyfief;vTJajymif;0,f,lrIudk rsm;pGm tav;xm;MuNyD; tqdkygukrÜPDonf MopaMw;vs *sKHxkwfvkyfrI oHk;yHkwpfyHk txdudk xkwfvkyfaeonf/ vkyfief;vTJ ajymif;0,f,lrIaMumifh ,SOfNydKifEdkifrIrsm; udk xdcdkufaprnfjzpfovdk *sKHpdkufy sKd; vmrnfudk pdk;&drfrIrsm;&SdaeaMumif; od& onf/ Oya'vkyfief;jzpfonfh King & Wood Mallesons rS Oya'tusKd; aqmif w pf OD ; jzpf onf h Malcolm Brennan u rdrdwdkYtaejzifh azmuf onfrsm;tm; MopaMw;vs EdkifiHjcm; &if;ESD;jr§KyfEHSrIqdkif&m rl0g'ESifhpyfv sOf;í tBuHÓPfay;rIr sm;wGif taotcsm *½kwpduaqmif&uom;&rnfjzpfaMumif; k f G f G ajymMum;cJhonf/ FIRB taejzifh omreftm;jzifh vkyief;oabmwlnrr sm;aqmif&ucihf f D I G f G udk ay;avh&SdNyD; 2012 b@ma&;ESpf wGif tdrfNcHajru@ü tqdkjyKavQmuf xm;rI 11000 wGif 13 ckudkom jiif;y,fcJhaMumif;vnf; od&onf/ &if;ESD;jr§KyfESHolrsm;taejzifhvnf; ,ck uJhodkY *sKHvkyfief;BuD;tm; 0,f,lrIudk wm;jrpfcJhonfhtwGuf MopaMw;vs vkyief;rsm;tm; wHcg;zGivyaqmifjcif;? f hf k f &if;ESD;jr§KyfESHolrsm;tm; wHcg;zGifhay;xm; jcif;qdkonfhtcsufudk oHo,0ifcJhMu aomfvnf; 0efBuD;csKyf Tony Abbott u rdrdwdkYtaejzifh vkyfief;rsm;ESifh &if;ESD;jr§KyfESHrIrsm;twGuf wHcg;zGifhay; xm;onfqdkonfhtcsufudk vHk;0aocsm ap&ef vdktyfaMumif; ajymMum;cJhonf/