Myanmar Business Today - Vol 1, Issue 47


Published on

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

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

For more information please visit our website

Twitter: @mmbiztoday

Published in: Business, Travel
  • Be the first to comment

  • Be the first to like this

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

Myanmar Business Today - Vol 1, Issue 47

  1. 1. MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL December 26, 2013-January 1, 2014, | Vol 1, Issue 47 EU Here to Support Myanmar’s Transition: Ambassador Bloc identifies key areas of engagement as education, rural development, government and capacity building, and peace, says Roland Kobia, EU Ambassador to Myanmar. Oliver Slow Myanmar Summary I n April, the European Union permanently lifted all remaining economic sanctions against Myanmar as a reward for the ongoing reforms that have been taking place in the country since a quasi-civilian government came to power in 2011. This was followed by Myanmar being readmitted into the Generalised System of Preferences (GSP) status, allowing Myanmar’s free access to EU markets on their exports, while last month saw EU High Representative Policy Catherine Ashton visit practically isolated from the international community. Another important step took place earlier this year when Roland Kobia ever resident Ambassador in Myanmar. He came to Myanmar after having been previously EU Ambassador to Azerbaijan and having spent time in the Private for Energy as well as seven years in EU delegations in Africa deal- Sherpa Hossainy Myanmar Taskforce. The signs are clear. The EU is pleased with the reforms that continue to take place in a coun- EU Ambassador to Myanmar Roland Kobia speaks during an exclusive interview with Myanmar Business Today. countries. “The message we want to send is that we support the since March 2011 and we think this is a historic opportunity for the international community to accompany the reforms and needed,” Kobia told Myanmar Business Today in an exclusive interview last week. “At the time, we saw that the reforms seemed to be genuine and we wanted to show that the EU being made by the new government in its transition. Political and economic transitions are welcome,” he said. Speaking of the EU’s overall role within the country – which began in 1996 with funding projects aimed at development and has seen more than $500 million in total – Kobia said that the aim is to promote a number of values within the country, including democracy, human rights, rule of law, gender equality, judiciary independence and free market principles. Fundamentally, the EU wants to promote peace, stability and security as the foundations of the ‘New House Contd. P 6... {NyDvwGif tD;,lrS jrefrmEdkifiHtay: yd w f q d k Y x m;onf h usef&S d a eao;onfh pD;yGm;a&;ydwfqdkYrIr sm;udk z,f&Sm;ay;cJh onf/vGefcJhonfh ESpfESpfrSpí t&yfom; tpdk;&rS tmPm&vmNyD; xifomjrifom aom jyKjyifajymif;vJrr sm;udk vkyaqmif I f aecJhonfhtwGuf tD;,lrS todtrSwf jyKNyD; ydwfqkdYrIr sm;udk z,f&Sm;ay;cJhjcif; jzpfonf/ jrefrmEdkifiHtaejzifh Generalised System of Preferences (GSP) pepf tm; jyefvnfusifhoHk;NyD; jrefrmEdkifiH um,vkyfief;tm;oHk;vkyfief;rsm;tm; ydkYukefwifydkYrIwGif taumufcGefavQmhcs ay;rIjzifh tusK;d aus;Zl;cHpm;vmEdiap&ef k f twGuf GSP pepfjzifh aqmif&GufEdkif rnfvnf;jzpfonf/ jrefrmEdkifiHtaejzifh q,fpkESpfig;ckeD;yg; tjynfjynfqdkif&m todif;t0ef;ESifh qufqa&;jywfawmuf k H vsuf oD;jcm;&yfwnfc&Ny;D aemuf jyKjyif hJ ajymif;vJrIrsm;udk qufwdkufqdkovdk aqmif&uconftwGuf tD;,ltaejzifh G f hJ h jrefrmEdiitay: rsm;pGmauseyfconf/ k f H hJ aemufxyfta&;ygaomajcvSrf;wpfck rSmtZmbdkif*sefqdkif&mtD;,loHtrwf tjzpf , cif u aqmif & G u f c J h z l ; aom k f Roland Kobia tm;,ckESpftapmydi; wGijf refrmEdiiqi&mtD;,lotrwftjzpf k f H dk f H cefYtyfcJhjcif;yifjzpfonf/ Contd. P 6...
  2. 2. LOCAL BIZ 2 Myanmar Business Today December 26, 2013-January 1, 2014 Foreign Trade up 30 percent Kyaw Min MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL Board of Editors Editor-in-Chief - Sherpa Hossainy Deputy Editor - Oliver Slow M yanmar’s foreign trade posted a rise of $3.65 billion, or 29.7 percent, Reporters & Writers Sherpa Hossainy, Oliver Slow, Kyaw Min, Shein Thu Aung, Phyu Thit Lwin, Htet Aung, Su Su, Aye Myat, Daisuke Lon, Yasumasa Hisada Art & Design Zarni Min Naing (Circle) DTP 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 Managing Director Prasert Lekavanichkajorn Email Editor - Special Publications - Advertising - Designer - Phone Editor - 09 42110 8150 Deputy Editor - 09 3176 9529 Designer - 09 7310 5793 over the same period in to Ministry of Commerce data. The total trade volume reached $15.92 billion during April to December which maritime trade accounted for $13.28 billion and border trade $2.64 billion. Exports through sea routes amounted to $5.59 billion while imports recorded $7.7 billion, the Phyu Thit Lwin T he Ministry of Electric Power has in- to produce electricity in any part of the country in a bid to tackle the crippling power shortage statement said. Publisher U Myo Oo (04622) Distributor (Bangkok) Penbun Distribution Co., Ltd. Tel: (662) 6158625-33 Fax: (662) 6158634 the UK, the US and the Philippines. Myanmar has recently signed border trade agreements with India, Thailand, China and Bangladesh in a bid to boost trade. Myanmar Summary ,ckb@ma&;ESp yxrudk;v f wmtwGif; jrefrmEdkifiH EdkifiH jcm;ukefoG,frIonf vGefcJhonfh b@ma&;ESpfxuf 29.7 &mcdkif EIef; ydkrdkwdk;wufvmcJhNyD; tar&d uefa':vm 3.65 bDvD,Htxd ydrjkd rifwufvmaMumif; pD;yGm;a&; k h ESifh ul;oef;a&mif;0,fa&;0efBu;D rS tcsuftvufr sm;t& od& onf/ 2013-2014 b@ma&;ESpf {NyDvrS 'DZifbmvtwGif; pkpk aygif;ukeo,ryrmPrSm tar f G f I &duefa':vm 15.92 bDvD,H txd a&muf&SdcJhNyD; a&aMumif; ukefoG,frIrS tar&duefa':vm 13. bDvD,H&&SdcJhNyD; e,fpyf 28 ukeo,a&;rS tar&duefa':vm f G f 2. bDvD,H &&SdcJhonf/ 64 jrefrmEdkifiH t"duydkYukefwGif qef? ajymif;? yJ? yJawmifh&Snf? ESrf;? a&mfbm? a&xGufxkwfukef rsm;? uRef;? opfrm? obm0 "mwfaiGU? ausmufpr;f ESifh txnf d tvdyfwdkY yg0ifNyD; oGif;ukefrsm; wGif Edkxuxwuersm;? pm;tke;f Y G f k f k f qD? aq;0g;ypönf;rsm;? bdvyfajr? pufypön;f rsm;? tDvufxa&mepf toHk;taqmifr sm;ESifh yvwfp wpf t oH k ; taqmif r sm ; yg0if aMumif; od&onf/ Govt Calls on Private Sectors to Invest in Electricity wants to build hydropow- No. 1A-3, Myintha 11th Street, South Okkalapa Township, Yangon. Tel: 951-850 0763, Fax: 951-8603288 ext: 007 data shows. Myanmar’s main export items include rice, maize, peas and beans, sesame, rubber, marine products, teak, hard wood, natural gas, jade and garment while import items include dairy products, palm oil, pharmaceutical products, cement, machinery, electronic equipment and plastics. The government has set a total trade target of $25 billion, 80 percent of which are expected from overseas trade and the rest from border trade. The main exporting destinations for Myanmar in that period were China, India, Thailand, Malaysia, Vietnam, Singapore, are invited to submit applications to the Ministry of Electric Power, the release said. This is the third time the Ministry of Electric Power has invited private sector for electricity generation. Earlier in June and September, the ministry invited the private sector to invest in the key sector. To date, 23 companies have been granted permission to generate electricity in 84 townships. The ministry said interested investors have to mention the details of the proposed project including the type of the power plant and the location where it will be set up. The projects that will meet the required standards of environmental and social assessments will be allowed, it added. Myanmar currently produces overall 3,300 megawatts of electricity. However, production hits a snag during summer as 70 percent of the production comes from hydropower. Companies from Indonesia, Japan and South Korea have already shown interest in invest- Myanmar. Myanmar Summary jrefrmEdkifiHtwGif; vQyfppf "mwf tm; jywf a wmuf r I r sm;udk ajz&Sif;&eftwGuf vQyfppfpGrf; tm;0efBuD;XmerS yk*¾vduvkyf ief;rsm;tm; vQyfppf"mwftm; xkwfvkyfrIvkyfief;rsm;wGif 0if a&mufvkyfaqmifMu&eftwGuf zdwfac:cJhaMumif; trIaqmif wpfOD;rS ajymMum;cJhonf/ a&tm;vQyf p pf p D r H u d e f ; rsm;? obm0"mwfaiGUoHk;ESifh ausmufr;D aoG;oHk; "mwftm;ay;puf½Hkrsm; udk wnfaxmifaqmif&uvaom G f kd rnfonfh yk*¾vduvkyfief;rqdk vQyf p pf p G r f ; tm;0ef B uD ; Xmeod k Y vkyief;tqdjk yKavQmufxm;rIr sm; f jyKvkyfEdkifaMumif; od&onf/ ,ckzdwfac:rIonf vQyfppf pGrf;tm;0efBuD;XmerS wwd, tBudrftjzpf yk*¾vduu@tm; vQyfppf"mwftm;xkwfvkyfrIvkyf ief;twGuf zdwac:jcif;jzpfonf/ f ZGefvESifh pufwifbmvrsm;wGif vnf; 0efBuD;XmerS yk*vuu@ ¾ d tm; vQyfppfpGrf;tm;u@wGif 0ifa&muf&if;ESD;jr§KyfESHMu&ef zdwf ac:cJhonf/ ukrÜPDaygif; 23 ck taejzifh NrdKUe,faygif; 84 ck wGif vQyfppf"mwftm;xkwfvkyf &eftwGuf w&m;0ifcijhf yKcsu&&Sd G f xm;aMumif;vnf; od&onf/
  3. 3. 3 December 26, 2013-January 1, 2014 Myanmar Business Today
  4. 4. 4 LOCAL BIZ Myanmar Business Today December 26, 2013-January 1, 2014 JFE Forms Steel JV with Construction Ministry 10,000-tonne steel bridge fabrication plant to be built in Yangon Sherpa Hossainy Myanmar Summary Toru Hanai/Reuters J apanese steel giant JFE Engineering Corp has established a joint venture company with the Ministry of Construction in a bid to tap Myanmar’s booming infrastructure construction market, the company said. The new company, J&M Steel Solutions Co Ltd, has started the construction of a 16-acre new plant in Yangon, JFE said in a statement. J&M plans to complete the construction of the steel structure fabrication plant, with an annual capacity of 10,000 tonnes in Thaketa township, Yangon, by April 2014, to start its business related to steel bridge design, fabrication and construction, the company said. In addition to steel bridges, the plant will be capable of making harbour and coastal structures and container cranes, JFE said. The company said it will introduce its high quality fabrication technologies to the plant. The joint venture company will gradually expand the scope of its business to general transportation and logistics infrastructure development, the Tokyo-based company said. Several international construction companies have been wooing Myanmar to make headway into the Southeast Asian nation’s lucrative construction market as it emerges from decades-long isolation and military dictatorship, which left the country direly requiring construction of transportation infrastructure, such as roads and railways, as well as logistics infrastructure, including port terminals. With J&M receiving orders for projects within Myanmar, the A man walks past a logo of JFE Holdings Inc outside its headquarters in Tokyo. ministry of construction aims to increase the ratio of domestically fabricated steel structures from its current level of about 10 percent. JFE said it will leverage the joint venture company not only to receive direct project orders, but also as a production base for the expansion of its overseas steel structure business in Southeast Asia, Middle East and Africa. have since been carried out, and a business licence was granted in November. The share capital of the JV company is ¥1.2 billion ($11.68 million), where JFE Engineering Corp holds 60 percent stake while the Public Works department holds the rest. The company will start with 80-90 employees (about 70 workers) and will increase its human resources up to 210 engineering expertise to the en- workers) by April 2014. JFE Engineering opened its Yangon Branch in 1995 which provides technical support to national companies regarding the construction of large bridges. It has been accepting over 200 welding trainees at its Tsu Works since 2002. It also started an internship training program for students in addition to the country’s transportation and logistics infrastructure. The establishment of the joint venture was agreed to between JFE Engineering and the Public Works department under the ministry in February. Procedures for the establishment of the Yangon Technological University this year to train future infrastructure construction professionals. JFE Holdings, the parent company of JFE Engineering, was formed in 2002 by the merger of NKK and Kawasaki Steel Corp. At the time, NKK Corp was Japan’s second largest steelmaker and Kawasaki Steel was the third largest steelmaker. JFE Holding’s main business is steel production. It also engages in engineering, ship building and real estate redevelopment. JFE Holdings is the world with revenue in excess of $30 billion. JFE Holdings has several subsidiaries including JFE Engineering, JFE Steel and JFE Shoji. *syefEii oHrPdvyief;Bu;D jzpfonfh kd f H k f JFE Engineering Corp onf jrefrmh qufoG,fa&;0efBuD;XmeESifh tusKd;wl zufpyfukrÜPDwpfckudk wnfaxmifcJhNyD; jrefrmEdkifiH zGHUNzdK;wdk;wufpjyKvmonfh tajccHtaqmufttHkaqmufvkyfa&; aps;uGufwGif 0ifa&mufvkyfaqmifvm Edi&eftwGujf zpfaMumif; ukrPrS ajym k f Ü D Mum;cJhonf/ topfwnfaxmifvdkufaom zufpyf ukrPjD zpfaom J&M Steel Solutions Ü k f G Co Ltd onf &efuewif ajr 16 {u tus,ft0ef;tm; toHk;jyKNyD; puf½Hk opfwnfaqmufrtm; tpjyKvyaqmif I k f cJNh yDjzpfaMumif; JFE rS ajymMum;cJonf/ h J &M taejzifh oHrPdpuf½Hk wnf aqmufrItm; 2014 ckESpf {NyDvwGif tNyD;owfaqmif&Gufom;Edkif&ef pDpOf G xm;NyD; wpfESpfvQif rufx&pfwefcsdef 10000 txd xkwvyEipr;f &SrnfjzpfNy;D f k f kd f G d oHrPdwwm;'DZi;f ? xkwvyrEifh wnf H kd f k f I S aqmufrIrsm;udk vkyfaqmifoGm;rnfjzpf aMumif; od&onf/ oHrPdwHwm;rsm;tjyif puf½Hkopf taejzifh oabFmqdyfurf;? urf;ajc taqmufttHr sm;ESif h uGeweemu&de;f k f d f rsm;udkvnf; jyKvkyfoGm;Edkifrnf[k JFE rS ajymMum;cJonf/ puf½twGuf t&nf h kH taoG;jrifrm;onfh xkwvyrenf;ynm h f k f I rsm;udkvnf; rdwfqufay;oGm;rnf[k JFE Engineering rS ajymMum;cJhonf/ zufpyfukrÜPDtm; taxGaxGo,f,l ydkYaqmifa&;ESifh axmufyHhydkYaqmifa&; tajccHtaqmufttHr sm; zGUH NzKd ;wd;k wuf k rIvkyfief;tjzpfodkY wjznf;jznf;csi;f csUJ xGivyuiom;rnf[k ukrPrS ajym f k f kd f G Ü D Mum;cJhonf/ jrefrm Ediitaejzifh o,f,yaqmif k f H l Ykd a&;tajccHtaqmufttHkr sm;jzpfonfh rD;&xm; vrf;rsm;ESifh um;vrf;rsm;tjyif axmufyydkYaqmifa&;tajccHtaqmuf hH ttHk rsm;rSvtyfcsuaygif;rsm;pGmESiawGU kd f hf BuKH cJ&onf/ h
  5. 5. LOCAL BIZ 5 Myanmar Business Today December 26, 2013-January 1, 2014 US Slaps Sanctions on Myanmar Firms over N Korea Arms Trade Htet Aung tar&d u ef t pd k ; &b@ma&; Asia Metal 0efBuD;XmerS T Company Ltd, Soe Min Htike Excellence Co Ltd ESifh Mineral Manufacturing Co Yk f Ltd wdtm; trnfrnf;pm&if;oGi; he US government on Tuesday last week imposed sanctions on three companies and one person in Myanmar in its latest arms trade between the Southeast Asian nation and North Korea. The Department of Treasury blacklisted Asia Metal Company Ltd, Soe Min Htike Co Ltd, Excellence Mineral Manufacturing Co Ltd as well as Lt Colonel Kyaw Nyunt target those linked to DDI, which has been involved in purchasing military equipment and related material from North Korea,” the Treasury said in a statement. The Treasury said the move “does not generally target” the Myanmar government, as it has agreed to follow through a UN Security Council resolution banning the purchase of military goods from say Myanmar has curtailed the trade, but not ended it. “The revenues from these continuing military sales directly support North Korea’s illicit activities,” said Treasury Under Secretary for Terrorism and Financial Intelligence David Cohen. “We will continue to target this activity in Burma, and the region, as we work with our international partners to shut down North Korea’s dangerous and destabilising weapons proliferation.” Soe Min Htike was a procurement agent for the DDI, the Treasury said. It and Excellence Mineral worked with North Ko- The US government imposed fresh sanctions on three companies and one person in Myanmar in its latest effort to choke off alleged arms trade between the Southeast Asian nation and North Korea. material for weapons programs. Asia Metal constructed buildings and supplied construction materials on a DDI factory compound where the Treasury said about 30 North Koreans were working. The department added Lt General Thein Htay, the chief of DDI, to its blacklist in July for his involvement in arms dealing with Pyongyang. The military cooperation with North Korea was forged during Myanmar’s international isolation. The State Department has said that in late 2008, visited Pyongyang, they signed a memorandum of understanding with North Korea on assistance to build medium range, liquid-fuelled ballistic missiles. Washington has eased sanctions on Myanmar and sent back an ambassador in response to the reforms undertaken in the Asian nation in the past few years. Myanmar Summary vGeconftywfwif tar&duef f Jh h G tpdk;&rS jrefrmEdii&Sd ukrPD 3 ck k f H Ü ESiy*dK¾ vf 3OD;tm;trnfrnf;pm&if; fh k wGif xnfhoGif;cJhNyD; ta&SUawmif tm&SEiiwpfEiijH zpfonfh jrefrm kd f H kd f EdkifiHESifh ajrmufudk&D;,m;EdkifiHwkdY tMum; vufeufukefoG,frIukd [efwm;&eftwGuf BuKd ;yrf;rIwpfck Y vnf;jzpfaMumif; od&onf/ Bobby Yip/Reuters working with Myanmar’s Directorate of Defense Industries (DDI), a military entity on Washington’s sanctions blacklist since July 2012. The move entails sanctions that bar American citizens from doing business with those targeted and freeze all of their assets under US jurisdiction. “These actions continue cJovdk 'kAvrLS ;Bu;D OD;ausmñeO;D h kd f f G Yf udkvnf; trnfrnf;pm&if;oGif; cJhaMumif; od&onf/ trnfrnf;pm&if;wGif yg0ifaom ukrPrsm;? vly*Kd¾ vrsm;ESifh tar Ü D k f &duef Edki fiH om;rsm; pD ; yGm;a&; yl;aygif;aqmif&GufrI rjyKEdkif&ef twG u f yd w f q d k Y j cif ; jzpf o nf / umuG,fa&;ypönf;xkwfvkyfa&; ½Hk; DDI ESifh qufpyfonfhol rsm;tm; ypfrSwfxm;í ydwfqdkYrI jyKvkyf&eftwGuf BudK;yrf;rIwpfck jzpfNy;D ajrmufu&D;,m;rS ppfbuf kd toHk;jyK vufeufypönf;rsm;ESifh qufpyfypönf;rsm;tm; 0,f,lrI wGif yg0ifconftwGuf tar&duef Jh h rS ,ckuJhodkY ta&;,laqmif&Guf jcif;jzpfonf/
  6. 6. LOCAL BIZ 6 Myanmar Business Today December 26, 2013-January 1, 2014 that this is an issue that the government is at least looking at. “What I can see is there have been some attempts [to deal with it]. Thein Sein has been there, he’s met leaders from both [Muslim and Buddhist] sides and some Buddhist leaders have been arrested for their role in the violence. He made a political statement calling for peace, so this is all very good. “But we remain concerned, as it was expressed by the EU and many others in the last UNGA resolution. The EU, the member states of the EU, the international community are all concerned about this issue and I believe that it is not in the interest of Myanmar to let this deteriorate further.” From page 1... four priorities for its development aid to Myanmar for the next years: education, rural development, governance and capacity building, and peace. The EU also used the event to sign agreements with the Myanmar government on Small and Medium Enterprises (SMEs), mining and tourism, as well as an EU-Myanmar Business Council and a European Chamber of Commerce in Myanmar. How the international business community views Myanmar as a place to invest is important as the country continues its reforms, Kobia said. “Companies from Europe see Myanmar as this big new territory where there are great business opportunities, so they come here with a great desire to invest. Now, when people come here, environment compared to Eubegin to see various problems that even the government itself recognises,” he said, referring to issues such as high land prices, access to electricity, lack of human resources, the protection of investments and other problems nesses interested in beginning operations in Myanmar. “I’m not a businessman, but I know there’s one thing that businesspeople don’t like, and that is uncertainty. You need to trust where you put your money, and you need to ensure that you will put the money in a basket that is stable, otherwise you fear you can lose that.” One key area for Myanmar’s development is the Small and Medium Enterprise (SME) market, which makes up for an estimated 90 percent of all companies in the country. During the Task Force, the SMART Myanmar (SMEs for Environmental, Accountability, Responsibility and Transparency) programme was launched, a $2-million project aimed at helping Myanmar SMEs to develop. “In any country of the world, SMEs are the backbone of the economy. We want to help [Myanmar] constitute a strong network of SMEs, therefore constituting a middle class, which in turn will help the country out of poverty.” He added that the way to help SMEs is to set up a legal framepeople an incentive to develop a sense of entrepreneurship. “I’m not an expert in what happened before, but a Socialist economy isn’t the sort of environment where entrepreneur- EEAS of Myanmar’ that is being built”. During the EU-Myanmar Taskforce, which took place in Yangon and Nay Pyi Taw on November 14 and 15, the EU From page 1... EU Ambassador to Myanmar presents his credentials to President U Thein Sein. ship is encouraged. So one thing is the legal framework to make it easier for people to start a company, you also need to provide know-how, transfers of technology and technical assistance. All these things the EU – and other donors, because we’re not the only ones doing this – can do to help create a good business environment.” Another EU-led programme has seen €10 million ($13.5 million) pledged to a programme that will train 4,000 Myanmar licing and crowd management, another sign, Kobia says, that the EU is serious about its engagement with the country to “In countries in transition, you need to show the population that politicians are not just talking about changes. People want the country – they want to feed their children better, they want to send them to better schools, they want less corruption and harassment and they want to see a police force that is there to help them.” Critics of the programme have claimed that providing Myanmar with riot gear violates a longstanding EU arms embargo, but in an earlier press conference, Kobia countered, “the equipment the EU will be providing to the police is only purely defensive, nothing Shortly following this interview, riots began at a football match in Yangon, when the Myanmar national team was knocked out of the Southeast Asian Games football competition after losing to Indonesia. Following the game, supporters began tearing property and hurling rocks at police. The police’s response has come under some criticism, with then later acting in a provocative manner – there are reports of stones back at the rioters. In other incidents, most notably the wave of anti-Muslim attacks that have taken place in parts of the country in the past year, police have been criticised for standing aside as mobs attacked homes and razed entire villages. Kobia says that these sorts of incidents show the need for proper training of Myanmar’s police force, but it is work in progress and will take time to change mentalities, he said. The EU and other governments have been criticised in the past for rewarding the Myanmar government before genuine democracy has reached the country’s citizens. Political prisoners still languish in jails – earlier this year, Thein Sein promised that all would be released by the end of the year, although 41 still remain incarcerated – and ethnic groups are still reporting large-scale abuses, and while Kobia admits that problems remain, overall the country is making progress in this area. “At the beginning, we believed in this country and we believe in the people; it has so far proven the right thing to do. But we remain cautious and demanding… sands have been displaced by violence in the region. Denied citizenship by the government – who see them as illegal ‘Bengali’ immigrants from neighbouring Bangladesh – thousands of Rohingya are languishing in desolate internally displaced person (IDP) camps, unable to leave or to work. With few options available, many women in the camps are turning to prostitution in order to provide for their families and with men unable to work, domestic violence is reportedly on the rise. It is an issue, Kobia says, that the government and all political and religious leaders must take seriously and deal with. The EU can only guide the government in addressing the issue, Kobia says, and this can be done by encouraging them to be aware of the dangerous spillover of this issue and to consider how they are viewed internationally. “It is also a question of reputation. They must show that they are really serious about changing the country. A country that will have the chairmanship of ASEAN, let’s not forget that there are Muslim countries in ASEAN. They must ensure “I’m not a businessman, but I know there’s one thing that businesspeople don’t like, and that is uncertainty. You need to trust where you put your money, and you need to ensure that you will put the money in a basket that is stable, otherwise you fear you can lose that.” the lifting of sanctions must come with progress, and the GSP is linked to certain benchmarks, with regards to democratisation, human rights and labour laws. So the EU remains vigilant and attentive.” One area the EU continues to look very closely at is Rakhine state, most notably the plight of the Rohingya people, a Muslim minority group of which thou- that they are really committed to dealing with a real problem that is not only a concern at a human rights level, but can also derail part of the transition. It can also have an impact on the business environment … it could investment.” While some international observers criticise Myanmar for inaction, Kobia says that he feels 2 011 ckESpf rwfvuwnf;upí jyKjyifajymif;vJrBI uKd ;yrf;csursm;wGif tul f tnDr sm;ay;cJhNyD; jrefrmEdkifiH jyKjyif ajymif;vJrIrsm;wGif yg0ifaqmif&Guf& jcif;onf ordkif;0if tcGifhta&;wpf&yf yifjzpfaMumif; Kobia u Myanmar Business Today odkY vGefcJhonfh tywfu oD;oefYawGUqHkar;jref;pOfü ajymMum;cJhonf/ jyKjyifajymif;vJrIr sm;taejzifh trSef wu,fyif xifomjrifomrI&Sdonfukd awGUjrif&Ny;D jrefrmEdii jyKjyifajymif;vJ k f H rIqdkif&m BudK;yrf;csufr sm;wGif tD;,lrS Mum;cJhonf/ jrefrmEdkifiHwGif; tD;,lrS yg0ifvkyf aqmifcJhonfh u@ESifhqufpyfí ajym Mum;&mwGif 1996 ckESpfrSpí zGHUNzdK; wdk;wufrItwGuf pDrHudef;toD;oD;wGif tar&duefa':vm 300 rDvD,Htxd axmufyHhaqmif&Gufay;xm;cJhNyD; 'Drdk ua&pD? vlUtcGifhta&;? w&m;Oya' pdk;rdk;a&;ESifh vGwfvyfpGm w&m;pD&ifa&; tp&SdonfwdkY tygt0if jrefrmEdkifiH t&nftaoG;wefzdk;tm; jrifhwufvm ap&eftwGuf &nf&G,fí yg0ifaqmif &GufcJhjcif;jzpfaMumif; Kobia u ajym Mum;cJhonf/ xdtjyif tD;,ltaejzifh Nir;f csr;f a&;? kY d wnfNidrfa&;ESif h vHkNcHKrItajctaersm;udk vnf; wdk;wufvmapcsifaMumif; od& onf/ &efukefESifh aejynfawmfwGif Edk0if bmv 14 &ufESifh 15 &ufaeYr sm;wGif jyKvycaom tD;,l-jrefrmtxl;vkyief; k f hJ f tzGUJ awGUqHaqG;aEG;yGwif tD;,lrS zGUH NzKd ; k J G wdk;wufrtwGuf t"duusonfh tcef; I u@rsm;udk xkwjf yefajymMum;cJNh y;D ynm a&;? aus;vufa'ozGHUNzdK;wdk;wufa&;? tpdk;&ESifh pGrf;aqmif&nfwnfaqmufrI ESifh Nirf;csr;f a&;wdkjY zpfaMumif; od&onf/ d tD;,ltaejzifh tqdkygawGUqHaqG;aEG;yGJ k wGif tao;pm;ESifh tvwfpm;vkyfief; udpör sm;? owåKwGif;ESifh c&D;oGm;vma&; vkyfief;? tD;,l-jrefrmpD;yGm;a&;aumifpD oabmwlncsursm;udk vufrwa&;xd;k D f S f cJhonf/ tjynfjynfqkdif&m pD;yGm;a&; todkif;t0ef;rS jrefrmEdkifiHtm; &if;ESD; jr§KyfESH&ef ae&mwpfcktjzpf ½Ijrifjcif; onf jrefrmEdiitaejzif h jyKjyifajymif;vJ k f H rIr sm;udk qufvufaqmif&GufrIouJhodkY yif ta&;ygaMumif; Kobia u ajym Mum;cJhonf/
  7. 7. LOCAL BIZ 7 Myanmar Business Today December 26, 2013-January 1, 2014 Yoma Forms JV with Sumitomo to Distribute Hino Trucks in Myanmar estate and agriculture to automotive and luxury tourism in Myanmar and China. Together with its partner, the SPA Group, the group said it’s taking a conglomerate approach WMC portfolio of businesses in Myanmar. Listed in Tokyo, Osaka, Nagoya and Fukuoka stock exchanges, Sumitomo engages in a wide range of businesses that fall in industries including media, resources and transportation systems. Incorporated in 1919, it has an established presence in 116 locations including 65 overseas and 24 in Japan. Myanmar Summary A Hino 300 series truck. Kyaw Min S ingapore-listed Yoma Strategic Holdings has entered into a proposed joint venture with Japan’s leading trading house Sumitomo Corp to distribute and service Hino brand trucks and buses in Myanmar, Yoma said. The proposed joint venture, subject to the approval of relevant authorities, is expected to be 60 percent owned by Sumitomo Corp, 20 percent by Elite Matrix, a wholly-owned subsidiary of Yoma Strategic, and 20 percent by First Myanmar Investment, a subsidiary of Serge Pun & Associates (Myanmar) (SPA). Yoma Strategic said its involvement in this joint venture will serve to further broaden the company’s burgeoning automotive interests in Myanmar. “This collaboration with Sumitomo Corp is but the latest in a long partnership history between Sumitomo Corp and the SPA group of companies,” cant range of operations in Myanmar, said. Hino Motors, a Toyota Motor Corp company, is the largest manufacturer of heavy- and mediumduty trucks in Japan, with sizeable market shares in Southeast Asia and Australia. Worldwide sales of Hino-brand products amount to 130,000 vehicles annually. In Japan, Hino is widely preferred for heavy, medium and increasingly, light duty trucks. Andrew Rickards, Yoma Strategic’s chief executive, the prospects of its partnership with Sumitomo Corp to distribute and service Hino brand trucks and buses in Myanmar. “We have seen demand for robust trucks with good load capacity grow in tandem with the economy and with the continued improvements to infrastructure, we expect this momentum to sustain,” Rickards said. Rickards said demand for long-distance coach services is also likely to increase, particularly for travel between major cities, as urbanisation continues and tourism “Many major vehicle manufacturers are now eyeing the Myanmar market at the back of the vehicle demand growth spurt. We believe that this is a right step for us in our automotive portfolio, in line with our longer term plans to become a automotive industry in Myanmar,” Rickards added. Yoma’s business interests range from real pifumylwGif pm&if;oGi;f xm; onfh Yoma Strategic Holdings onf *syefEdkifiH xdyfwef;vkyf ief;BuD;jzpfaom qlrDwdkrdkaumfydk a&;&Sif ;ESif h [DEdk;trSwfwHqdyf ukewif f um;rsm;ESifh bwfpfum;rsm;tm; jrefrmEdiiHwi kf G f j ze fU j z L ; & e f E Sif h 0efaqmifray;&eftwGuf tusK;d I wl y;l aygif;vkyaqmif&ef tqdjk yK f avQmufxm;rI jyKvyxm;aMumif; k f od&onf/ ,if;tqdjk yKxm;onfh tusK;d wl yl;aygif;aqmif&urtm; oufqif G fI kd &m tmPmydkifr sm;u twnfjyK vkyfief;wGif qlrDwdkrdkrS vkyfief; &S,f,m 60 &mcdkifEIef; ydkifqdkif oGm;zG,f&SdNyD; Yoma Strategic rS vkyief;tjynft0ydiqionfh f h k f kd f vkyfief;cGJjzpfonfh Elite Matrix rS vkyfief;&S,f,m 20 &mcdkifEIef; ESif h Serge Pun & Associates (Myanmar) vkyfief;cGJwpfck jzpfaom First Myanmar Investment rS vkyfief;&S,f,m 20 &mcdkifEIef; ydkifqdkifoGm;zG,f&Sd aMumif; od&onf/ Yoma Strategic rS ,ck tusK;d wly;l aygif;aqmif&urwif G f I G yg0ifrIonf jrefrmEdkifiH&Sd armf awmfum;vkyief;u@wGif ukrPD f Ü twGuf tusK;d aus;Zl;&&Srukdvnf; d I ydrus,jf yefvmaprnfjzpfaMumif; k kd Y Yoma Strategic rS ajymMum;cJh onf/ Toyota Motor Corp ukrÜPDjzpfaom Hino Motors onf *syefEdkifiHwGif tBuD;pm; ESifh tvwfpm;ukefwifum;BuD; rsm; xkwfvkyfrIwGif tBuD;qHk; xkwfvkyfoljzpfNyD; ta&SUawmif tm&SESifh MopaMw;vswGif aps; uGu&,,mBu;D Bu;D rm;rm;ydiqif f S f k f kd xm;olvnf;jzpfonf/ urÇmwpf 0ef;wGif Hino trSwfwHqdyf armfawmfum;rsm;tm; ESpfpOf 130000 pD;a&txd a&mif;cs& aMumif; od&onf/ Yoma Strategic trI aqmif csKyf j zpfol Andrew Rickards u qlrDwdkrdkaumfydk a&;&Sif;ESifh tusKd;wlyl;aygif;í trSwwqyuewifum;rsm;ESihf f H d f k f bwfpfum;rsm;tm; jrefrmEdkifiH wGif jzefYjzL;0efaqmifrIay;oGm; &ef Yoma taejzifh ,HkMunfrI &SdaMumif; ajymMum;cJhonf/
  8. 8. LOCAL BIZ 8 Myanmar Business Today December 26, 2013-January 1, 2014 Myanmar, Cambodia Ink Visa Exemption Treaty First Myanmar-Hosted ASEAN FM Meeting Set for January Kyaw Min T Erik De Castro/Reuters foreign ministers meeting of the Association of Southeast Asian Nations (ASEAN) has been set for January 17 next year in Myanmar’s Bagan in Mandalay region. At the ASEAN FM meeting, Myanmar Foreign Minister U Wunna Maung Lwin will present the prioritised tasks to be undertaken by the regional - Tourists ride an elephant past the ruins of Cambodia’s Bayon temple in Siem Reap. Kyaw Min M yanmar and Cambodia have agreed on mutual visa exemption for holders of ordinary passports. The agreement on the move was signed by Deputy Foreign Minister U Tin Oo Lwin and Cambodian Ambassador to Myanmar Sieng Burvuthin in Nay Pyi Taw. The signing was aimed at strengthening existing relations procedures of citizens travelling between the two countries. In February 2011, Myanmar established air link with Cambodia with its Myanmar Airways international (MAI) Siem Reap, an ancient city in Cambodia. to reach Phnom Penh, capital of Cambodia, in November 2011. The airline’s extension to Phnom Penh has created a long-term cooperation between Cambodia and Myanmar on tourist, culture, trade and in- The direct air link between Myanmar and Cambodia was introduced after the 4th Ayeyarwady Chaophraya-Mekong Economic Cooperation Strategy (ACMECS) Summit and 5th CLMV Summit in November 2010 which was aimed at developing tourist industry in the subregion. The Philippines and Myanmar also signed a visa-free agreement during the state visit of President U Thein Sein in the Philippines this month, while in October a visa exemption agreement for ordinary passport holders was signed by Vietnam and Myanmar. Myanmar and Laos signed a reciprocal 14-day visa exemption for ordinary passport holders in 2006. In October, the Thai cabinet also approved a draft proposal to waive entry visa requirement for Thai and Myanmar citizens, making short-term visits by air. During a parliamentary session this August, deputy minister Tin Oo Lwin said Myanmar will try to sign visa exemptions with other ASEAN countries in Myanmar signed an agreement with Cambodia, Indonesia, and Philippines in June during the World Economic Forum to develop a smart visa system for the development of tourism in the region. Myanmar Summary jrefrmEdkifiHESifh uarÇm'D;,m;EdkifiHwdkY onf rl&if;EdkifiHul;vufrSwfudkifaqmif xm;olrsm;twGuf ESpfEdkifiHpvHk;twGuf tusKd;&Sdonfh ADZmuif;vGwfcGifhtm; oabmwlnDcJhNyDjzpfaMumif; od&onf/ AD Z muif ; vG w f c G i f h o abmwl n D c suf tm; Ediia&;&m0efBuD;Xme 'kw,0efBuD; k f H d OD;wifO;D vGiEihf jrefrmEdiiqi&m uarÇm f S k f H kd f 'D;,m;oHtrwf Sieng Burvuthin wdkY u aejynfawmfwGif vufrSwfa&;xdk;cJh Mujcif;jzpfonf/ ,ck ADZmuif;vGwfcGifh oabmwlnDcsuftm; u@tm;vHk;ü vuf&EpEiiv;kH qufqa&;ydrcirm dS S f kd f H H k kd kd f vmap&efESifh ESpfEdkifiHpvHk;rS EdkifiHom; rsm;taejzifh wpfEdkifiHESifh wpfEdkifiH c&D; oGm;vm&mwGif vdktyfonfh vkyfxHk; vkyfenf;rsm;tm; ydkrdk&Sif;vif;vG,ful vmap&eftwGuf &nf&G,faMumif; od& onf/ 2011 ckESpf azazmf0g&DvwGif jrefrm EdkifiHonf uarÇm'D;,m;ESifh avaMumif; wdkuf½dkufajy;qGJrIudk aqmif&GufEdkifcJhNyD; Myanmar Airways international (MAI) rS &efukefESifh uarÇm'D;,m; a&S;a[mif;NrdKUjzpfaom Siem Reap odkY avaMumif;wdkuf½kufajy;qGJrIr sm; d jyKvkyfEdkifcJhonf/ avaMumif;wdkuf½dkuf ajy;qGr0efaqmifrrsm;tm; uarÇm'D;,m; J I I EdkifiH NrdKUawmfjzpfaom zEGrf;yifodkY vnf; 2011 Edk0ifbmvwGif wdk;csJU aqmif&uconf/zEGr;f yifokYd avaMumif; G f hJ csJUxGifajy;qGJrIonf uarÇm'D;,m;ESifh jrefrmEdkifiHwdkYtMum; c&D;oGm;vkyfief;? ,Ofaus;rI ? ukeo,a&;ESihf &if;ES;D jrK§ yErI f G f f SH u@rsm;tMum; a&&Sny;l aygif;aqmif f &Gurtajctaewpf&yfukd zefw;D ay;Edif f I k cJhaMumif; trIaqmifrsm;u ajymMum; cJhonf/ av;Bud r f ajrmuf Ayeyarwady Chaophraya-Mekong Economic Cooperation Strategy (ACMECS) awGUqHkaqG;aEG;yGJESifh ig;Budrfajrmuf CLMV awGUqHkaqG;aEG;yGJwdkYtm; c&D; oGm;vkyief;rsm; zGUH NzKd ;wd;k wufvmap&ef f &nf & G , f í jyKvk y f u sif; ycJ h NyD; aemuf jrefrmEdkifiHESifh uarÇm'D;,m;avaMumif; wdkuf½dkufcsdwfqufrIrsm;udk pwifrdwf quf c J h j cif; jzpf o nf / ,ck v twG i f ; OD;ode;f pderS zdvpfyiEiiokYd oGm;a&muf f kd f kd f H cJNh y;D xdc&D;pOftwGi;f zdvpfyiEifh jrefrm k kd f S EdkifiHtMum; ADZmuif;vGwfcGifhoabm wlncsuuvnf; vufrwa&;xdk;cJonf/ D f kd S f h Foreign Ministry said. The ASEAN FM meeting will help promote tourism and bring more foreign investment into the country, U Aung Htoo, director general of the department, said. In 2011, ASEAN leaders at their summit approved Myanmar to take the ASEAN chair in 2014, which was taken over by Myanmar from Brunei on October 10 at the 23rd ASEAN summit held in Bandar Seri Begawan. During Myanmar’s one-year term of the ASEAN chairmanship, more than 240 regional meetings are scheduled to be held in Nay Pyi Taw, Yangon, Mandalay and Bagan. ASEAN adopted its Vision-2020 in 1997 and is striv- ing to establish the ASEAN Community in 2015. Myanmar became an ASEAN member in 1997. ASEAN comprises ten member countries – Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. Myanmar Summary ta&SUawmiftm&StzGJU0ifEdkifiHrsm; EdiijH cm;a&;0efBu;D rsm; awGUqHaqG;aEG;yGJ k f k tm; jrefrmEdiiwif yxrOD;qH;k tBurf k f H G d tjzpf {nfcjH yKvyom;rnfjzpfNy;D rEÅav; h k f G wdkif;a'oBuD; yk*HwGif vmrnfhESpf Zefe0g&Dv 17 &ufaeYü jyKvkyfoGm;&ef owfrSwfcJhaMumif; od&onf/ tmqD,EiijH cm;a&;0efBuD;rsm; awGUqHk H kd f aqG;aEG;yGJwGif jrefrmEdkifiHrS EdkifiHjcm;a&; 0efBuD; OD;0PÖarmifvGifrS tmqD,HtzGJU tpnf;rS t"duxm;aqmif&Guf&rnfh vk y f i ef ; rsm ;tm; wif j yoG m ;rnf j zpf aMumif; od&onf/ tmqD,EiijH cm;a&;0efBuD;rsm;awGUqHk H kd f aqG;aEG;yGonf c&D;oGm;vkyief;ESihf EdiiH J f k f odkY &if;ESD;jr§KyfESHrIr sm; ydkrdka&muf&Sdvm&ef twG u f t ul t nD j zpf ap aMumif; OD;atmifxl;u ajymMum;cJhonf/ 2011 ckESpfwGif tmqD,HEdkifiHrS acgif;aqmifr sm;taejzifh jrefrmEdkifiH tm; tmqD,Ouú|&mxl;udk 2014 wGif H xrf;aqmifoGm;&eftwGuf twnfjyK axmufcHay;cJhMuonf/ Myanmar Sees More Than 300,000 Visitors in Seven Months Kyaw Min M yanmar saw a total of 318,543 tourists visiting the country in Of the travellers, 107,750 came by air, data shows. The number of tourist arrival is expected to increase at the end of this year as many foreign visitors are visiting Myanmar to attend the 27th Southeast Asian Games. Myanmar targets 2 million tourist arrivals in 2013 and up to 3 million in 2014. In 2012, the number of tourist arrival reached 1.02 million, an increase of 200,000 compared ing reforms in Myanmar. Authorities also granted visa- on-arrival for visitors from 48 countries in a bid to lure more visitors. Myanmar Summary 2013 ckESpf yxr 7 vwmtwGif; jrefrmEdkifiHodkY pkpkaygif;urÇmvSnfhc&D; onfaygif; 318543 OD;a&muf&Sdvm cJhaMumif; w&m;0ifpm&if;tif;tcsuf tvufr sm;t& od&onf/ tqd k yg c&D ; onf t a&twG uf wGif c&D;onf 107750 OD;rSm avaMumif; jzifh a&muf&SdvmcJhjcif;jzpfaMumif;vnf; od&onf/ 27 Budrfajrmuf ta&SUawmif tm&Stm;upm;yGawmftm; jrefrmEdiiu J k f H tdrf&SiftjzpfvufcHusif;yonfhtwGuf EdiijH cm;c&D;oGm;rsm;taejzifq;D *dr;f tm; k f h upm;yGJawmfwGifyg0ifqifETJ&eftwGuf a&muf&vmrIrsm;aMumif,ck ESpfukefwGif dS h jrefrmEdiiourÇmvSnc&D;oGm;a&muf&dS k f H Ykd hf vmrIta&twGufrSmydkrdkjrifhwufvmEdkif rnf[k cefYrSef;xm;onf/
  9. 9. LOCAL BIZ 9 Myanmar Business Today December 26, 2013-January 1, 2014 Southeast Asia Opium Production Poverty pushing Myanmar opium output higher Shein Thu Aung Myanmar Summary L ed by a 13 percent increase in Myanmar opium cultivation to 57,800 hectares (from 51,000ha in 2012), opium poppy cultivation in Southeast Asia’s Golden Triangle of Myanmar, Laos and Thailand rose for the seventh consecutive year, according to a vGecJonftywfwif xkwjf yef f h h G cJaom ukvor*¾ rl;,pfaq;0g; h ESifh rIcif;qdkif&m½Hk; (UNODC) rS ppfwrf;t& jrefrmEdkifiHwGif 2012 ckESpfübdef;pdkufy sKd;onfh {&d,mrSm 51000 [ufwm&SdcJh NyD; ,ckESpfwGif 13 &mcdkifEIef; wdk;wufvmcJhum pdkufysKd;{&d,m rSm 57800 [ufwmtxd &Sdvm cJhaMumif; od&onf/ jrefrmEdkifiH? vmtdkESifh xdkif; EdkifiHwdkY e,fedrdwfc sif;xdpyfae aom a&TBwd*Ha'owGif bdef;yif pdkufy sKd;rIrSm 7 ESpfqufwdkuf jrifwufvmcJaMumif; od&onf/ h h UNODC Southeast Crime (UNODC) report released last week. The UNODC report, Southeast Asia Opium Survey 2013 – Lao PDR, Myanmar, said despite in Laos and remains low in Thailand, the survey shows increased production in Myanmar has caused the entire region’s production levels to more than double since 2005. In 2013, Lao PDR and Myanmar produced 893 tonnes of opium – 18 percent of global opium production – a 22 percent increase from 2012, and 2.7 times more than in 2005 when they produced 326 tonnes. A 15-year plan developed by the Myanmar government in 1991 helped reduce production levels for most of the 1990s and early 2000s, but since 2006 production has steadily increased. clear that we need to step root causes of cultivation and promote alternatives to poppy growing,” said Jeremy Douglas, UNODC regional representative, Southeast Asia and the “We need to act quickly. The Golden Triangle is the geographic centre Asia Opium Survey 2013 Damir Sagolj/Reuters yields combined with a rise in cultivation saw Myanmar opium production increase 26 percent in 2013 to an estimated 870 tonnes – the highest since assessments by UNODC and the Myanmar government began in 2002. While production of opium poppy – a key ingredient in the production of heroin and various other illegal drugs – ap- ppfwrf;t& bdef;pdkufy sKd;rIrsm;udk ESdrfESif;rIrsm;udk BudK;yrf;aqmif &Gucaomfvnf; 2013 ckEpwif f Jh S f G jrefrmEdiirS bde;f pduysK;d xkwvyf k f H k f f k rIrSm 26 &mcdkifEIef; ydkrdkjrifhwuf vmNy;D cefre;f ajctm;jzifrufx&pf Y S h Contd. P 21... of the Greater Mekong Sub-region, and plans are well underway to expand transport and infrastructure and lower trade barriers and border controls across the region. The organised criminal netSoutheast Asia’s illicit drug trade are well positioned to take advantage of regional integration,” Douglas said. The resurgence in cultivation and production may be fuelled by a rise in demand for opiates in local and regional markets, says UNODC. In Myanmar and Lao PDR, the use of heroin, opium and synthetic drugs remains high – and was “much higher” in poppy-growing villages. Myanmar is Southeast Asia’s largest opium poppy-growing country and the world’s second largest after Afghanistan. Shan State remains the centre of Myanmar’s opium activities, accounting for 92 percent of opium poppy cultivation, with the rest located mainly in Kachin state. In Lao PDR, the UNODC survey cultivation in the three northern provinces of Phongsali, Xiangkhoang and Houaphan. The increase raises concerns among development agencies and governments that not enough is being done to provide alternative employment options to poppy farmers and improve livelihoods in impoverished Myanmar. Myanmar is the poorest in Southeast Asia according to the World Bank, and opium cultivation is a major source of income for many farming families, says the UNODC. UNODC said surveys of farmers in Golden Triangle poppy-growing villages show that money from poppy cultivation is essential for villagers threatened with food insecurity and poverty. “Our survey shows a strong link between poverty and poppy cultivation,” said Jason Eligh, UNODC Myanmar Country Manager. “Opium farmers are not bad people, they are poor people. Money made from poppy cultivation is an essential part of Contd. P 26... MasterCard Adds $25,000 to Train Women Entrepreneurs in Rural Myanmar MasterCard & Mercy Corps program sees an average 218pc increase in participant knowledge of key business and financial concepts Kyaw Min A merican payment network giant MasterCard said women entrepreneurs funding to support business literacy initiatives in rural Myanmar. The additional $25,000 in funding from MasterCard will go towards the expansion of the business literacy program with Mercy Corps called Business and Financial Literacy for Success. The program educates small farmers and households on basic business skills and money management practices. MasterCard said the grant will allow Mercy Corps to provide the second phase of training, which will include indepth and targeted business advisory services, mentoring and links to women entrepreneurs in the delta region start or expand their businesses. “This partnership between MasterCard and Mercy Corps has already seen more than 1,200 farmers and entrepreneurs, the latter of whom are mainly women, benof the Mercy Corps training,” Matthew Driver, Southeast Asia president, MasterCard, said. Providing training in fundamental business skills such as bookkeeping and budgeting, promotions and customer service directly not only by helping them improve their business performance but also in achieving their goal of supporting their families and communities, he said. program that launched Contd. P 26... Myanmar Summary tar&duefEdkifiH aiGay;acsrI uG e f & uf v k y f i ef ; BuD ; jzpf a om MasterCard u aus;vufa'o rsm;wGif pD;yGm;a&;todynmrsm; tm; &&Svm&ef aqmif&urr sm; d G f I twGuf aiGaMu;axmufyrtopf hH I wpf&yfudk jyKvkyfay;oGm;rnfjzpf onf h t wG u f trsK d; orD ; pG e f YOD ; wDxGifvkyfief;&Sifrsm;taejzifh tusKd ; aus;Zl ; cHpm;&rnf j zpf aMumif; ajymMum;cJhonf/ MasterCard rS aemufxyf tar&duefa':vm 25000 tm; aiGaMu;axmufyronf Mercy hH I Corps ESif h vkyfaqmifaeaom pD;yGm;a&;todynmay;tpDtpOf wGif toH;k jyKom;rnfjzpfaMumif; G od&onf/ tqdkygtpDtpOfonf v,f orm;rsm ;ES i f h td rf axmifpkr sm; tm; tajccHpD;yGm;a&;qdi&m pGrf; k f &nfr sm;ESifh aiGaMu;pDrHcefYcGJrI usifh oHk; enf ; r sm ; tm; a 0r Q oifMum;ay;aMumif;vnf; od& onf/ Contd. P 26...
  10. 10. LOCAL BIZ 10 Myanmar Business Today December 26, 2013-January 1, 2014 Japan, Myanmar Sign Investment Pact Treaty to nurture business ties, improve protections: Officials Kyaw Min J Myanmar. Myanmar President Thein the treaty would expand investment opportunities for Japan. both countries, Japan will have concluded investment treaties or economic partnership agreements laying down investment rules with all 10 ASEAN member countries. The Japan-Myanmar investment treaty includes a so-called investor-state dispute settlement system, one of the focal points of the ongoing Transnegotiations. Attracting foreign investment and lending is crucial for aiding the expansion of Myanmar’s resource-rich economy. Mypotential but is burdened with also lacks a manufacturing base after decades of foreign sanctions and restrictive laws under military rule. Japan is Myanmar’s largest aid donor. To help clear the way for the investment treaty, Tokyo agreed to forgive about $5.32 billion in debt owed by Myanmar and extended bridge loans to help clear the rest. Abe has promised to help support Myanmar’s economic and political reforms with both public and private help, including fresh loans for infrastructure building and major development assistance that “Under the treaty, Japanese businesses operating in Myanmar will be granted equal rights to local companies and Myanmar companies doing business in Japan will receive the same treatment.” The Japanese government hopes to promote the business expansion of Japanese companies in Myanmar, a market closely watched for strong growth prospects thanks to progress in economic reform. At a joint news conference after the signing, Prime Kimimasa Mayama/Pool apan and Myanmar have signed an investment treaty to nurture closer business ties as the once secluded Southeast Asian country opens its fast-growing economy to more foreign businesses. Prime Minister Shinzo Abe and Myanmar President U Thein Sein signed the investment treaty on the sidelines of a three-day special summit meeting in Tokyo between Japan and the Association of Southeast Asian Nations (ASEAN). Japanese businesses have been eager to invest in Myanmar and have stepped up their activities here after Thein Sein’s reformist government came to power in 2011 after nearly 50 years of military rule. Japan’s trade ministry said the agreement is intended to provide greater protections and a stable legal environment for investors. Under the treaty, Japanese businesses operating in Myanmar will be granted equal rights to local companies and Myanmar companies doing business in Japan will receive the same treatment. The treaty calls for Japanese investors to receive the same protections provided to other foreign investors under international rules and prohibits the imposition of export, technology transfer or other requirements in exchange for such investments. It is also intended to improve transparency, key for a country struggling with endemic corruption. Minister Shinzo Abe said the treaty demonstrates Japan’s determination to support will support Japanese business interests in the Southeast Asian nation. Japan had close ties with Myanmar before the junta took power in 1988 and Tokyo suspended grants for major projects. Japan did not impose sanctions on Myanmar in 2003 Myanmar's President Thein Sein (L) and Japan's Prime Minister Shinzo Abe shake hands at the start of their talks at the prime when the military regime put pro-democracy leader Aung San Suu Kyi under house arrest, unlike the US and other Western countries, though it did scale back most business activities and cut government aid. Japan’s investments in Myanmar still lag behind those of China and India, though that is fast changing. Trading companies Mitsubishi Corp, Marubeni Corp and Sumitomo Corp are leading a project to develop the 2,400-hectare (5,900-acre) Thilawa Special Economic Zone, located near Yangon, Japan’s biggest investment in Myanmar so far. Myanmar Summary *syefEihf jrefrmEdiiwonf &if;ES;D jrK§ yESH S k f H Ykd f rI oabmwlnDcsufwpfcktm; vufrSwf a&;xd;k cJNh y;D pD;yGm;a&;yl;aygif;vkyaqmif f rIrsm;udk ydrw;kd wufvmap&eftwGujf zpf k kd aMumif; od&onf/ ta&SUawmiftm&StzGUJ 0ifEiiwpfEiiH kd f H kd f jzpfaom jrefrmEdkifiHtaejzifh pD;yGm;a&; zGUH NzdK;wdk;wufrIEIef; jrefqefNyD; EdkifiHjcm; vkyfief;rsm;twGufvnf; ydkrdkwHcg;zGifh aqmif&GufvmcJhonfudk awGUjrifvm& onf/ *syefEdkifiHESifh ta&SUawmiftm&S tzGJU0ifEdkifiHrsm;qdkif&m xdyfoD;awGUqHk aqG;aEG;yGtm; wdusKü oHk;&ufMum jyKvyf J k d k cJhNyD; xdktcsdeftwGif;rSmyif *syefEdkifiH 0efBu;D csKyf &SiZtmab;ESifh jrefrmEdii f kd k f H or®w OD;odef;pdefwdkYrS &if;ESD;jr§KyfESHrIqdkif &moabmwlnDcsufudk vufrSwfa&;xdk; cJhMujcif;jzpfonf/ ESpfaygif; 50 eD;yg; ppftpd;k &tkycsKyrtNy;D 2011 ckEpwif f f I S f G t&yfom;tpd;k &rS tkycsKya&;wm0efrsm; f f udk pwifxrf;aqmifcJhNyD; xdktcsdefrSpí *syefEdkifiHrSvkyfief;rsm;taejzifh jrefrm EdkifiHwGif &if;ESD;jr§KyfEHSvmvdkMuonf/ *syefEdkifiH ukefoG,fa&;0efBuD;XmerS ajymMum;csut& ,ckoabmwlncsuf f D onf ydkrdkaumif;rGefaom tumtuG,f rsm;tm; axmufyHhay;oGm;Edkifrnfjzpf ovdk &if;ES;D jrK§ yEolrsm;twGuf wnfNirrI f SH df &Saom w&m;0ifp;D yGm;a&;todi;f t0ef; d k wpfcvnf; jzpfwnfvmaprnf[k od& k onf/ tqdygoabmwlncsufpmcsKyatmuf k D f üf jrefrmEdiiwif pD;yGm;a&;vkyief;rsm; k f H G f aqmif&uaeaom *syefvyief;rsm;tae G f k f jzifh jynfwGif;vkyfief;rsm;ESifh wef;wl tcGita&;udk &&Som;EdirnfjzpfNy;D *syef hf d G k f EdkifiHwGif vkyfief;aqmif&Gufaeaom jrefrmukrPrsm;taejzifvnf; tvm;wl Ü D h tcGita&;rsm;udk &&Som;rnf[k od&onf/ fh d G jrefrmEdii&dS *syefEiirS &if;ES;D jrK§ yEol k f H kd f H f HS rsm;rS tjcm;&if;ESD;jr§KyfESHolrsm; axmufyHh &&Sdonfh tjynfjynfqdkif&m pnf;urf; rsm;? enf;ynmvTJajymif;ay;ydkYrIrsm; tp &Sonfh tcsursm;twdi;f &&Saqmif&uf d f k d G vmEdkif&eftwGufvnf; ,ckoabmwl pmcsKyu zefw;D ay;oGm;Edirnfjzpfonf/ f k f xdkYtjyif tusifhysufjcpm;rIjyóem rsm;jzifh ½kef;uefae&aom jrefrmEdkifiH twGuvnf; yGivif;jrifomrIu@wGif f hf wd;k wufvmaprnfjzpfonf/ *syeftpd;k & rS jrefrmEdkifiHwGif *syefukrÜPDrsm; vkyfief;rsm; csJUxGifrIudk wdk;wufvmap &ef arQmfrSef;xm;aMumif; od&onf/ jref r mEd k i f i H t aejzif h pD ; yGm ;a&;jyKjyif ajymif;vJrrsm;wGif wdk;wufrrsm;aMumifh I I zGUH NzKd ;wdk;wufrItvm;tvmaumif;rsm; vnf;&Sdaeonfh aps;uGufwpfckvnf;jzpf onf/ jrefrmEdkifiH or®wOD;odef;pdefu ,ckoabmwlnDcsufonf *syefEdkifiH twGuf &if;ES;D jrK§ yErtcGitvrf;aumif; f HS I hf rsm;udk ydkrdkzefwD;ay;vmEdkifrnf[k rdrd taejzifh ,HkMunfaMumif; ajymMum;cJh onf/ jref r mEd k i f i H t aejzif h E d k i f i H j cm;tul tnDrsm;ESifhacs;aiGrsm;&&SdrIonfzGHUNzdK; wdk;wufrItwGuf rsm;pGmtusdK;jyKEdkif onf h t axmuf t yH h r sm;yif j zpf o nf / jrefrmEdkifiHonf zGHUNzdK;wdk;wufrItvm; tvmaumif ; rsm;&S d a eaomf v nf ; pdkufysdK;a&;u@ESifhukefxkwfvkyfrIu@ rsm;wG i f t m;enf ; csuf r sm;&S d a eao; onf/ t&yfom;tpdk;&rStkyfcsKyfa&;wm0ef rsm;ud k p wif x rf ; aqmif p Of r S p NyD ; tajymif ; tvJ r sm;ud k j yKvk y f c J h o nf h twGufjynfyEdkifiHrsm;uvnf;jrefrm Ed k i f i H E S i f h q uf q H a &;ud k j yef v nf w nf aqmufvmcJhMuonf/ *syefEdkifiHonf jref r mEd k i f i H o d k Y t ul t nD a ygif ; rsm;pG m axmufyHhay;xm;NyD; jrefrmEdkifiHEdkifiH a&;ESifhpD;yGm;a&;jyKjyifajymif;vJrIrsm; wGifvnf;taxmuftyHhtultnDrsm; tm;*syef E d k i f i H r S u l n D a y;oG m ;rnf [ k *syefEdkifiH0efBuD;csKyfjzpfol &SifZdktm ab;uuwdjyKcJhNyD;taemufEdkifiHrsm;u vnf;pD;yGm;a&;ydwfqdkYrIrsm;udkajzavQmh ay;cJhonf/
  11. 11. LOCAL BIZ 11 Myanmar Business Today December 26, 2013-January 1, 2014 STADA Expands its Business Activities into Myanmar Su Su G erman pharmaceutical producer STADA Arzneimittel AG’s products are now available in Myanmar, making the company one of the companies to take up activities in the Southeast Asian country. The company said its local STADA products, including both generics and branded, on the market via in-licensing. our strategy of continuous internationalisation while focusing on high-growth emerging markets in the process,” the executive board of STADA Arzneimittel AG, said. “Now that the country has opened up, the supply of medicines in the market with a population of 60 million shows substantial pent-up demand, particularly for high-quality, low-cost medicines. “We intend to be present from the beginning. The licensing model and our experience in Asia have provided us good opportunities in the future market “STADA’s commitment is very forward-looking,” said Christian-Ludwig Weber-Lortsch, ambassador of the Federal Republic of Germany to Myanmar. from the Burmese market opening up. German companies like STADA can penetrate a growing market with future prospects. The population, on the other Alex Domanski/Reuters will be expanded gradually, STADA said. The logo of the pharmaceutical company Stada Arzneimittel AG is pictured at its headquarters in Bad Vilbel near Frankfurt. hand, gains access to a highquality yet low-cost supply of medicines.” The production of medicines for Myanmar will commence from the end of 2015 in a newly built production facility in YanSTADA said. To that end, Stada Myanmar Joint Venture Co Ltd was founded; the STADA Group has no shareholding in this company. The licence agreement, however, gives STADA the option of taking over the company at a later date. Until then, the Myanmar market will be supplied with products from the Vietnamese production facilities of the STADA Group. STADA Arzneimittel AG is a publicly-listed company with headquarters in Bad Vilbel, Germany. The group is the only independent generics producer in Germany. Worldwide, ing companies in the generics industry and is represented in more than 30 countries with approximately 50 subsidiaries. achieved group sales of €1.83 billion, adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of €367.5 million and adjusted net income of €147.9 million. As of December 31, 2012, STADA employed 7,761 people worldwide. Myanmar Summary *smreDEdkifiH aq;0g;xkwfvkyfonfh vkyief;jzpfonfh STADAArzneimittel f AG xkwfukefrsm;taejzifh ,ck tcg jrefrmEdkifiHwGif &&SdvmEdkifNyDjzpf aMumif; od&onf/ STADA taejzifh jrefrmEdiiwif k f H G pD;yGm;a&;aqmif&urukd wd;k csUJ aqmif&uf G fI G jynf w G i f ; tusKd ; wl v k y f i ef ; taejzif h ,cktcg STADA xkwfukefrsm;udk a&mif;csurf;vSrf;rIr sm;udk jyKvkyfay;ae aMumif; ajymMum;cJhonf/ jrefrmEdkifiHaps;uGuftaejzifh rdrdwdkY ukrPrS vuf&Svyaqmifaeaom enf; Ü D d k f AsL[mrsm;ESifh udunr&aeNy;D wd;k wufrI k f D I dS EIef;jrifhrm;onfh zGHUNzdK;qJaps;uGufr sm;udk t"dutm½HkpdkufvkyfaqmifaeaMumif; STADA Arzneimittel AG rS trI aqmifbkwftzGJU Ouú| Hartmut Retzlaff u ajymMum;cJhonf/ jrefrmEdkifiHtaejzifh ,cktcg zGHUNzdK; wd;k wufr&Svmovdk wHcg;zGiaqmif&uf I d hf G vmrIrsm;aMumifh jrefrmEdkifiHrS jynfol rsm;twGuf t&nftaoG;aumif;rGefNyD; ukefusp&dwfoufomonfh aq;0g;rsm; udk axmufy&eftwGuf vdtyfaeaMumif; hH k tm&Swif aqmif&ucaom tawGUtBuKH G G f hJ rsm;ESifh w&m;0ifa&mif;csrIjyKvkyfEdkifcGifh &&Sdxm;rIwdkYu jrefrmEdkifiH tem*wf aps;uGuftwGuf tcGifhtvrf;aumif; rsm;udk axmufyay;aeaMumif; Retzlaff Hh u ajymMum;cJonf/ h
  12. 12. LOCAL BIZ December 26, 2013-January 1, 2014 12 Myanmar: Year in Review 2013 Michael Nesbitt wd;k wuf vmcJho nf / 2013 ck E S p f w pf avQmufwGif tar&dueftpdk;&rS pD;yGm; a&;ydwfqdkYrIr sm;udk ajzavQmhay;cJhNyD; tvm; tvm aumif ; rsm ; &S d a eaom jrefrmhaps;uGufudkvnf; tar&duef vkyfief;rsm; pdwf0ifpm;rI ydkrdk&Sdvmap cJhonf/ F rom the announcement of winners of the inaugural international telecoms tender to the awarding of lucrative oil blocks, as well as the ongoing challenge for peace in the Kachin and Rakhine states, 2013 was not short of headlines for this once-isolated nation. A year after the passing of the Foreign Investment Law, the role of Chinese investors has tap into the frontier market. South Korea and Japan further extended their reach to the country and will play a vital role in the evolution of the economy, with investment commitments across infrastructure, the development of special economic zones and the announcement, in June, by Japanese Prime Minister Shinzo Abe to cancel debt amounting to $1.74 billion. sector could hasten development and further boost foreign investment. The Central Bank of Myanmar (CBM) gained independence this year, while steps have been taken to adopt new exchange rate mechanisms, liberalise the insurance market and set up ATMs nationwide. Another key development is the government’s commitment to establish the Yangon Stock Exchange (YSE). The exchange is being set up with the oversight of Daiwa Securities Group, the Japanese government and Myanmar Economic Bank, and is expected to open in 2015 in line with the commencement of the ASEAN Economic Commutor is maturing at a rapid rate, considering that the majority of transactions were previously handled in cash, many experts believe it will be a challenge to launch the YSE by 2015. In June, U Htay Aung, the minister of hotels and tourism, unveiled the Tourism Master Plan (TMP), which set out a goal of boosting annual tourism receipts from $534 million in 2012 to $10.8 billion by 2020. In a year that saw property and hotel rates skyrocket, with average expenditure on accommodation at $200-299 per night in Yangon, onlookers will be keen plan will have on room rates and availability. Soe Zeya Tun/Reuters funds from the West and other ASEAN members has increased. An improved picture Throughout 2013, the US government eased sanctions, which has increased inter- Myanmar Business Today As part of the TMP, the tender for Hanthawaddy International Airport was awarded to a South Korean consortium in August, valued at $1.1 billion. Viewed as a critical step to boost tourism and trade – with the Asian Development Bank (ADB) estimating arrivals to reach 5 million by 2020 – the airport will be situated 80 kilometres (km) north of Yangon and have the capacity to host 12 million arrivals annually, with room to eventually expand to 30 million. Meanwhile, foreign direct investment (FDI) rose to $2.7 (ended March 2013), up from $1.9 billion in 2011/12, according to the World Bank. Oil and gas revenues continue to drive the economy, with GDP growth of 6.5 percent for 2012/13. While the retail and construction sectors expanded with hotels, shopping malls and apartment buildings being erected throughout Yangon, Mandalay and Nay Pyi Taw, more can be expected from agriculture, telecoms, mining and manufacturing in 2014. Prospects for economic growth are improving as modnew laws take shape. FDI in the mining sector has lagged due to red tape and transparency issues. However, government plans to implement the Extractive Industries Transparency Initiative (EITI), as well as a new mining law due to be passed in March 2014, which means that foreign participation is set to rise steadily. “While the retail and construction sectors expanded with hotels, shopping malls and apartment buildings being erected throughout Yangon, Mandalay and Nay Pyi Taw, more can be expected from agriculture, telecoms, mining and manufacturing in 2014.” Increased natural gas exports from Shwe and Zawtika 2,000km Myanmar-China gas pipeline in October and the blocks will come on-line in early 2014, means that the energy sector will continue to play a key role in driving projected GDP growth for the 2013/14 forecast at 6.8 percent. The road ahead Access to quality health and education remains a major challenge. Notwithstanding, cantly in these sectors since the appointment of President U Thein Sein, though the majority of aid to the population – 70 percent of whom live in rural areas – is still provided by non-governmental organisations. Another issue is the reached 7.33 percent in August due to high prices for food, gas and electricity, according to the Central Statistical Organisation for Myanmar. Although the government has received international recognition for taking measures to enhance transparency, the country still has a long road ahead in rooting out corruption. Ranking 157 out of 177 countries in the Transparency International’s “Corruption Perceptions Index 2013” – an improvement on its 2012 position of 172 – investor with more commitment by the authorities in this area. Looking ahead, the government and the CBM will need to keep a watchful eye on various indicators, and with upcoming state elections nearing, 2014 promises to be a key year. Michael Nesbitt is Editorial Manager at Oxford Business Group. Myanmar Summary tjynfjynfqi&mqufo,a&;atmfy kd f G f a&wmrsm;tm; wif'gac:qd,Nl y;D wif'g k tEdkif&&Sdonfh vkyfief;rsm;tm; aMunm cJjh cif;? a&eHvyuursm;tm; vkyui&ef k f G f f kd f twGuf wif'gac:qdNk yD; wif'gatmifjrif onfh ukrPrsm;tm; xkwjf yefrrsm;rSonf Ü D I ucsifjynfe,fESifh &cdkifjynfe,ftwGif; jzpf ym ;aeonfh Nid r f ; csrf ; a&;twG u f G pdeac:csur sm;tp&Sonftcsur sm;jzifh f f d h f 2013 ckESpfonf jrefrmEdkifiHtwGuf ajymp&mtrsm;tjym;&Sconf/ d Jh EdiijH cm;&if;ES;D jrK§ yErOya'udk jy|mef;cJh k f f HS I Ny;D wpfEptMumwGif w½kwf&if;ESD;jr§KyfESH S f olrsm; &if;ESD;jr§KyfESHrIrsm; usqif;cJhNyD; taemufEiiEifh ta&SUawmiftm&StzGUJ kd f H S 0ifEdkifiHrsm; &if;ESD;jr§KyfESHrIrsm;u ydkrdk wdkY jrefrmEdkifiHwGif;vkyfief;rsm;udk aemufxyfw;kd csUJ vkyuirrsm;jzifh pD;yGm; f kd f I a&;wdk;wufajymif;vJrIwGif t"duus aomu@rS yg0ifvmrnfjzpfNy;D tajccH taqmufttHu@wGif &if;ES;D jrK§ yE&ef k f HS oabmwlncsur sm;? txl;pD;yGm;a&;Zkef D f zGHUNzdK;wdk;wufa&;aqmif&GufrIrsm;? *syef 0efBuD;csKyf &SifZdktmab;u jrefrmEdkifiHrS *syefEiitm; ay;qyf&ef use&aeonfh kd f H f dS tar&duefa':vm 1. bDvD,Htm; 74 y,fzsuay;rIr sm;rSm jrefrmEdiitwGuf f k f H tcGi fh t vrf ; aumif; rsm;yif j zpf o nf / b@ma&;u@tm; ydkrdkvGwfvGwfvyf vyfaqmif&Gufvmapjcif;u EdkifiHjcm; &if;ESD;jr§KyfESHrIt&Sdeft[kefudk ydkrdkjrifhrm; vmapNyD; aemufxyf&if;ESD;jr§KyfESHrIrsm; udkvnf; &&Sdvm&eftwGuf qGJaqmif oGm;EdkifzG,f&Sdonf/ jref rmEd k i f i H a wmf A [d k b Pf t aejzif h ,ckESpfwGif oD;oefY&yfwnfvmEdkifNyD; aiGvv,rpepfopfwpf&yf? tmrcHaps; J S f I uGutm; ydrvwvyfpm aqmif&uvm f k kd G f G G f Edkifapjcif;? EdkifiHwpf0ef;wGif atwDtrf uwfr sm; toHk;jyKvmEdi&ef BuKd ;yrf;rIrsm; k f vnf; &Sconf/ &efuepawmhtycse;f udk d hJ k f d f d vnf; 2015 wGif zGifhvSpfwnfaxmif oGm;&ef arQmfrSef;xm;onf/ b@ma&; onf vsifjrefaomEIef;jzifh ydkrdkwdk;wuf aumif ; rG e f v maomf v nf; ,cif u vkyfief;udpötawmfr sm;rsm;udk aiGom; jzifhom aqmif&GufcJh&NyD; uRrf;usifol rsm;u tqdkygtcsufonf &efukef pawmhtycse;f udk zGivpwnfaxmif&ef d f d hf S f twGuf pdeac:csuwpfcyifjzpfaMumif; f f k ,HMk unfMuonf/ [dw,fEif h c&D;oGm;vm k S a&;0efBuD;Xme 0efBuD; OD;aX;atmifu ZGefvwGif c&D;oGm;vma&;vkyfief;qdkif &m txl;vkyfief;tpDtpOf Tourism Master Plan (TMP) wpf&yfudk xkwf azmfajymMum;cJhNyD; 2012 ckESpfwGif c&D; oGm;rsm; a&muf&SdvmrIrS wpfqifh tar &duefa':vm 534 rDvD,H&&SdcJhonfrS 2020 ckESpfwGif tar&duefa':vm 10.8 bDvD,Htxd &&SdEdkif&ef &nfrSef; xm;onfh c&D;oGm;vkyfief;ydkif;qdkif&m txl;tpDtpOfwpf&yfyifjzpfonf/ tdrNf cH ajrESifh [dw,ftcef;crsm; tvGejf rifrm; k h vmcJovdk &efuewif wpfnwm wnf;cdk h k f G p&dwftwGuf tar&duefa':vm 200 rS 299 a':vmMum; ukefusvmEdkifonf txd aps;EIef;rsm; jrifhwufvmcJhNyD; ,ck pDpOfxm;aom c&D;oGm;vkyfief;ydkif;qdkif &m txl;tpDtpOfu tcef;EIef;xm; rsm;ESifh tcef;&&SdEdkifrItajctaersm; tay: aumif;rGefaom tusKd;ouf a&mufrrsm; &S vm&eftwGuvnf; arQmf I d f rSef;xm;Muonf/
  13. 13. REGIONAL BIZ 13 Myanmar Business Today December 26, 2013-January 1, 2014 Kia Says to Produce Record 300,000 Cars in Slovakia in 2013 Robert Muller S outh Korean Kia Motors’ will produce a record 300,000 cars at its plant in Slovakia in 2013 as the factory ran at full capacity for the Myanmar Summary 2013 ckEpwif awmifu&D;,m;EdiirS S f G kd k f H armfawmfum;vkyfief;BuD;jzpfaom Kia Motors qvdkAufuD;,m;puf½HkrS armfawmfum;tpD;a&aygif; 300000 txdudkxkwfvkyfoGm;EdkifcJhNyD;puf½Hktae jzifh 7 ESpftwGif; yxrOD;qHk; tBurf d tjzpf pGrf;aqmif&nfj ynfh0pGmjzifhv k y f rS aqmifvmEdkifcJhaMumif; Kia vGefcJhonfhtywfu ajymMum;cJhonf/ qvd k A uf u D ; ,m;Ed k i f i H a jrmuf y d k i f ; &Sd puf½HkrS armfawmfum;rsm; xkwfvkyfrI taejzif h ,l½ZetzGUJ 0ifEiirsm;twGuf kd k f kd f H tBuD;qHk; armfawmfum;wifydkYolwpfOD; tjzpf &yfwnfvmEdkifNyD; trsm;tm;jzifh Cee’d rdom;pkoHk;um;i,frsm;? Kia Sportage SUV ESifh Kia Venga um;vwfrsm;udk Oa&myESifh ½k&Sm;aps; uGufr sm;twGuf trsm;tm;jzifh xkwf vkyfaMumif; od&onf/ qvdAufu;D ,m;&Sd armfawmfum;puf½kH k onf tv,fOa&myEdiijH zpfonfh qvdk k f AufuD;,m; pD;yGm;a&;twGuf t"du armif;ESiowpfO;D tjzpf&SdaeNy;D Kia f l armfawmfum;wyfqifxwvyrvyief; k f k f I k f rsm;? *smreD Volkswagen ESifh jyifopfEii PSA Peugeot Citroen kd f H wdkYtay:wGif rlwnfaeaMumif;vnf; od&onf/ Kia rS 2006 ckESpfwGif armfawmf um;puf½Hktm; Zilina ü pwifwnf axmifaqmif&GufcJhNyD; 2013 ckESpfwGif armfawmfum;tpD;a&aygif; 290000 txd xkwfvkyfEdkif&ef pDpOfxm;aMumif; Zefe0g&DvwGif Kia rS ajymMum;cJhonf/ Kim Kyung-Hoon/Reuters carmaker said on Wednesday last week. The plant in the northern part of the country is one of the euro zone member's biggest exporters. It mostly produces versions of the Cee’d small family car, the Kia Sportage SUV and Kia Venga mini car designed for European and Russian markets. Slovakia’s automotive industry – which represents a big driver for the central European country’s economy – is based around assembly plants of Kia, Germany's Volkswagen, and French PSA Peugeot Citroen. Kia, which launched its plant in Zilina in 2006, said in January it planned to produce 290,000 cars in Slovakia in 2013, just shy of its better-thanexpected record 292,000 made a year earlier. “Our production has risen continually over the past seven years,” Eek-Hee Lee, president and CEO of Kia Motors Slovakia, said in a statement. “We will continue with this success in the next period.” So far this year, 22 percent of output at the assembly plant was exported to Russia, with Britain as the next biggest foreign market at 13 percent. In July, Kia’s local company chief Lee said the launch of new models had helped the carmaker weather weakening sales in Europe that had hit most other producers. Reuters A man walks past a signboard of Mitsubishi UFJ bank at its branch in Tokyo. Bank of Ayudhya Taiga Uranaka M itsubishi UFJ Financial Group (MUFG) said on Wednesday last week that it has acquired a 72 percent stake in Thailand’s Bank of Ayudhya Pcl for 170.6 billion baht ($5.31 billion) recently. MUFG, Japan’s largest lender November 7 and December 13 Myanmar Summary Mitsubishi UFJ Financial Group (MUFG) onf xdkif;EdkifiHrS Bank of Ayudhya Pcl vkyfief;&S,f,m 72 &mcdkifEIef;tm; xdkif;bwfaiG 170.6 bDvD,H (tar&duefa':vm 5.31 bDv,) jzifh 0,f,caMumif; (MUFG) D H l hJ rS ajymMum;cJhonf/ "eOpömydiqirt& *syefEii tBu;D k f kd f I kd f H to buy up to 75 percent of Bank of Ayudhya for as much as 560 billion yen ($5.44 billion). The deal will mark the biggest acquisition by a Japanese bank in Southeast Asia. MUFG is planning to merge its existing Thai operations with the domestic lender to comply with Thailand’s single presence policy on bank ownership. The acquisition and merger plan had surprised Japanese rivals, given that MUFG already had substan- tial operations with Japanese businesses in the country. MUFG has the biggest overseas operations among Japan’s banks. In 2008, it bought out UnionBanCal Corp, the holding company for California-based UnionBank, and paid $9 billion for a 20 percent stake in Morgan Stanley. In 2010, it acquired a $6.4 bil- qHk;bPfBuD;wpfckjzpfonfh MUFG onf Edk0ifbmv 7 &ufaeYrS 'DZifbmv 13 &ufaeYtwGif; Bank of Ayudhya &S,f,m 75 &mcdkifEIef;udk 0,f,l &eftwGuf ,ef;aiG 560 bDvD,H (tar&duefa':vm 5.44 bDvD,H) jzifh urf;vSr;f cJonf/ ,ckvyief;0,f,l h k f rIoabmwlnDc sufonf ta&SUawmif tm&SwGif *syefbPfwpfckrS tBuD;rm; qHk; vkyfief;0,f,lrIwpfcktjzpfvnf; rSwfausmufwifEdkifrnfjzpfonf/ from Royal Bank of Scotland. Reuters MUFG xdi;f EdiitwGi;f &Sd vkyief;rsm;rS jynfwi;f k k f H f G bPfr sm;ESifhvnf; yl;aygif;vkyfaqmif &eftwGuf jyifqifaeNyD; xdkif;EdkifiH bPfyiqirwif wpfO;D wnf; &yfwnfrI kd f kd f I G ay:vpDukd vduemaqmif&u&eftwGuf k f G f jzpfaMumif; od&onf/
  14. 14. REGIONAL BIZ 14 Myanmar Business Today December 26, 2013-January 1, 2014 Yasumasa Hisada A ustralian locations have now all fallen out of the global top 30 most expensive locations in the world for expatriates, the latest Cost of Living survey by ECA International revealed. Sydney and Canberra, both in the top 20 a year ago, now rank 31st and 39th respectively. Melbourne has fallen 22 places to 45th position globally followed by Adelaide (46th), Perth (47th) and Brisbane (54th). Of the Australian locations Darwin has fallen the most places to 55th place down from last year’s 26th spot. “Despite actual prices of goods in ECA International’s shopping basket for Australia rising at a faster rate this year overall, Asian locations including Beijing (15), Shanghai (18), Seoul (21) and Hong Kong (28) are among those that now rank higher up the list of most expensive cities for expats. To ensure that their employees’ spending power is not compromised while on international assignment multinational companies will often include a cost of living allowance in their pay package. Living costs for tion, availability of goods and exchange rates, all of which can signee remuneration packages. when it was the most expensive city in the world for expatriate do so for considerably less than in recent years, despite the country being reversed earlier this year. of ECA’s cost of living basket between Tokyo and Sydney fell from 31 percent to 12 percent over 12 months. After Japan, some of the biggest falls in living costs in Asia have been seen in Indonesia – also partly as a result of a weaker currency. While Jakarta has only fallen three places in the regional ranking to 27th, globally it has dropped 45 spots to 172nd place. Beijing is now Asia’s second most expensive location after Tokyo, up from 5th position last year. Globally, the Chinese capital is the 15th most expensive location for expatriates. Shanghai previously in 25th position is now in the 18th position in the global results, and 4th in Asia. “It’s important to remember Reuters dollar against most major currencies means that Australian locations are becoming cheaper again relative to many other locations around the world,” said Anna Michielsen, general manager, Australia, New Zealand & ECA carries out two Cost of Living surveys per year, comparing a basket of like-for-like consumer goods and services commonly purchased by assignees in 440 locations worldwide. Port Moresby has fallen 12 places in the ranking to 25th globally. Auckland, ranked 52nd, is the most expensive of the New Zealand cities. While Tokyo still tops the list of the most expensive locations in Asia for expatriates, globally it has fallen to 10th place on the back of a weaker Yen – a While Tokyo still tops the list of the most expensive locations in Asia for expatriates, globally it has fallen to 10th place on the that certain living costs, such as accommodation rental, utilities, car purchases and school fees are not included in our cost of living basket,” continued Michielsen. “Because these costs are usually addressed separately by an expatriate’s employer, we collect this data separately. But if we were to include such costs, Hong Kong and Tokyo would be higher in the ranking, while Beijing would be lower due to lower housing costs.” Myanmar Summary ,cktcg MopaMw;vs NrdKUrsm;tae jzifh urÇmhaexdkifrIp&dwf tjrifhrm;qHk; xdyfwef;NrdKUrsm;pm&if; 30 wGif ryg0if awmhaMumif; ECA International rS aemuf qHk; aumuf ,l xk wf jyef cJ h onf h aexdkifrIp&dwfqdkif&mppfwrf;t& od& onf/ Sydney ESifh Canberra wdkYonf vGecJonfwpfEpu urÇmaexdirp&dwf f h S f h k f I tjrifhrm;qHk; xdyfwef;NrdKU 20 wGif ESpNf rdKUvHk;yg0ifcJNh y;D ,cktcg tqifh (31) ESif h (39) ae&mwGif toD;oD;&Sdaeonf/ Melbourne onf ,cifu tqifh (22 rS) ,cktcg tqifh (45) ? Adelaide u tqifh (46) ? Perth u tqifh (47) ESifh Brisbane u tqifh (54) odkY aexdkifrIp&dwfjrifhrm; aom NrdKUrsm;pm&if;wGif tqifhusqif; vmcJhaMumif; od&onf/ MopaMw;vsü ta&mif;t0,fjyKvkyf onfh trSefwu,faps;EIef;rsm;rSm ,ck Prices of some sample items from ECA International’s basket of goods and services commonly purchased by expatriates, in AUD Location Movie Quick Can of Dozen Beer at Bananas Fresh Coffee Petrol ticket lunch soft drink eggs a bar (1kg) milk at bar (1L) (50cl) (1L) Sydney 18.36 31.02 2.65 5.08 8.28 4.41 2.24 4.33 1.66 Tokyo 20.21 16.46 1.75 5.87 10.73 6.11 2.9 5.07 1.88 Beijing 16.82 23.93 1.33 5.5 10.26 3.43 4.61 5.57 1.54 Hong Kong 11.6 20.06 1.34 7.17 10.16 1.78 3.94 5.22 2.47 Singapore 9.53 21.31 1.38 3.94 14.89 1.91 2.95 5.38 2.08 Rio de Janeiro 11.68 25.05 1.2 3.33 5.03 1.78 1.56 2.95 1.51 Manhattan 15.58 29.37 1.85 4.71 9.07 2.24 2.87 4.66 1.26 Central London 21.14 30.53 1.57 6.42 9.41 1.53 1.65 4.62 2.39 Paris 15.7 34.84 1.68 6.18 13.3 3.06 1.95 6.19 2.4 Dubai 10.79 24.59 0.72 4.59 13.79 1.77 1.71 5.3 0.53 Jakarta 5.69 17.15 1.1 3.01 8.05 1.94 2.23 3.32 1.08 Bangkok 6.96 17.16 0.75 3.05 8.37 2.08 1.75 4.26 1.47 Source : ECA International ESpfwpfckvHk;wGif wdk;wufrIEIef; jrefqef aomfvnf; tjcm; t"duaiGaMu;pepf rsm;ESifh vJvS,f&mwGif MopaMw;vs a':vmwefzdk;usqif;rIu MopaMw;vs ae&mrsm;udk urÇmwpf0ef;&Sd tjcm; ae&mrsm;xuf aps;ouf omvmap aMumif; ECA International rS tBuD; tuJjzpfol Anna Michielsen u ajymMum;cJhonf/ tm&SrS ab*sif;u urÇmhaexdkifrI p&dwtjrifrm;qHk; tqifh (15)? &Se[i;f f h f kd rSm tqifh (18)? qdk;vfrSm tqifh (21) ESifh a[mifaumifrm tqifh (28) wdkYjzpf S MuNyD; tqdygNrKd Ursm;taejzifh a&TUajymif; k aexdiorsm;twGuf p&dwtjrifrm;qH;k k f l f h NrdKUrsm;jzpfMuaMumif; od&onf/ ECA rS wpfESpfvQif aexdkifrIp&dwf ppfwrf; 2 ckudk aumufcHNyD; urÇm wpf0ef;&Sd ae&maygif; 440 ck&Sd pm;oHk; olxwueEif h 0efaqmifrrsm;tm;trsm; k f k f S I tm;jzif h 0,f,conftcsur sm;udk Edi;f l hJ h f I ,SOfjcif;jzpfaMumif; od&onf/ Port Moresby onf aexdkifrIp&dwf tjrifhrm;qHk;pm&if;wGif tqifh (25) ü &SdaeNyD; Auckland onf tqifh (52) jzpfum e,l;ZDvef aexdkifrIp&dwf tjrifrm;qH;k NrKd Ursm;tjzpf &yfwnfaeonf/ h wdkusKdonf tm&SwGif aexdkifrIp&dwf tjrifrm;qH;k xdywef;ae&mwpfctjzpf h f k &yfwnfaeqJjzpfaomfvnf; urÇmvHk; qdkif&mt& ,ef;aiGaMu;wefzkd;usqif; rIaMumif h tqifh (10) odkY usqif;cJonf/ h ab*si;f onf ,cktcg wdu sKaemufwif k d G tm&Sü 'kwd,aexdkifrIp&dwftjrifhrm; qH;k ae&mwpf ck t jzpf &yf wnf a eNyD; vGefcJhonfhESpfwGif tqifh (5) wGif &SdcJh aMumif; od&onf/
  15. 15. REGIONAL BIZ 15 Myanmar Business Today December 26, 2013-January 1, 2014 India’s in 2014 Clement Tan Myanmar Summary C hinese shares may be poised to become an unlikely star of Asian emerging markets in 2014, outshining India, thanks to cheap valuations and optimism about reforms. Investors have been underweight China for years. China-focused equity funds ber, when the ruling Communist Party announced plans for farreaching economic and social reforms, and analysts said once the government starts following through on those plans it would year to December 11 for Chinafocused equity funds. At 9.3 times forward 12-month earnings, the MSCI China is trading at a chunky discount to its 10-year median and at its widest gap to the MSCI Asia excrisis. And the Chinese market is trading at a 40 percent discount to MSCI India on a forward price-to-earnings basis, according to Thomson Reuters I/B/E/S data. In contrast, benchmark indexes in India have hit record highs and valuations are on par with 10-year averages. Besides looking expensive, Indian shares could also be vulnerable to shocks that could Reuters Foreigners have bought a net $18.8 billion worth of Indian shares this year, according to the market regulator’s data. lished for China, but data from fund tracker EPFR shows a net An investor looks at an electronic board showing stock information at a brokerage house in Shenyang, Liaoning province, China. come from the US Federal Reserve winding down its stimulus, current account problems, and a general election due by May next year. At the very least, investors look unwilling to add more Indian risk and will look to make fresh allocations next year in other markets, with China “Overall, we believe Chinese equities are just too cheap to be ignored by investors in 2014,” said Desmond Tjiang, Greater China and Hong Kong equities portfolio manager at Pinebridge Investments in Hong Kong. “Despite reforms and the broad economic slowdown, there are still a lot of industries such as mass consumption, e-commerce and environmentrelated sectors that should continue to grow exponentially in the coming years.” Beijing last month unveiled a bold reform plan, including pledging to free up markets, in a bid to put the world’s secondlargest economy on a more stable footing. The plan sparked a rally in ChiChinese market in Hong Kong gain more than 10 percent in four Some brokers, such as CLSA, said the rally lacked conviction due to an absence of institutional investors. But while some may still be wary of a market that has been in a funk since 2007, there are signs things could be turning around. In a November 21 report, Goldman Sachs said funds focused on global emerging markets and Asia were underweight China by 290 and 582 basis points respectively, suggesting a return to equal weighting alone would trigger a powerful rally. “India may have more upside potential in the short term because markets may rally into the elections due in May, but China represents better value in the middle term,” said Angelo Corbetta, Pioneer Investments’ London-based head of Asian equities. Reuters 2014 ckESpfwGif tm&S zGHUNzdK;qJaps; uGufrsm;wGif w½kwfEdkifiH &S,f,mrsm; taejzifh ydrwefzkd;wufvmEdiNf y;D tdE, k kd k ´d &S,f,mwefzdk;xufyif jrifhrm;vm EdkifaMumif; od&onf/ vuf&StmPm& uGejf rLepfygwDrS pD;yGm; d a&;ESifh vlrIa&; jyKjyifajymif;vJrItpD tpOftm; jyKvkyfoGm;rnf[k xkwfjyef aMunmcJNh y;D aemuf w½kwEiirS &S,,m f kd f H f wefzdk;rsm;taejzifh Edk0ifbmvwGif aps;EIef;wufvmcJhaMumif; od&onf/ pdppfor sm;u ajymMum;csut& tpdk;& l f taejzif h tqdk ygtpDt pOf r sm ;tm; pwifaqmif&GufcJhrnfqdkvQif tusKd; aus;Zl;rsm; &vmEdkifaMumif; od&onf/ EdkifiHjcm;om;rsm;taejzifh ,ckESpfwGif tar&duefa':vm 18.8 bDvD,Htxd toHk;jyKum tdE,&S,,mrsm;udk 0,f,l ´d f cJaMumif; aps;uGuyi;f Bu;D Muyfxe;f odr;f h f kd d rI tcsuftvufr sm;t& od&onf/ w½kwfEdkifiwGif w&m;0ifpm&if;tif; H tcsutvufr sm;udk xkwjf yefrr&Saomf f I d f vnf; EPFR rS tcsutvufrsm;t& w½kwEii &S,,mrsm;rS tar&duef f kd f H f a':vm 5.5 bDvD,Htxd tom;wif &&ScaMumif; od&onf/ w½kwEiitae d hJ f kd f H jzifh jyKjyifajymif;vJa&;tpDtpOfaMumifh &S,f,mwefzdk;rsm;vnf; wufvmEdkif onfhtaetxm;wGif &Sdaeonf/ tdEd´, EdkifiH&Sd pHtrSwfñTef;udef;rsm;rSm tvGef jrif h rm;onf h taetxm;wGif &S d aeNyD ; &S,f,mwefzdk;rsm;rSmvnf; 10 ESpfwm ysrf;rQwefzkd;om&SdaeaMumif; od&onf/ tdE, &S,,maps;EIe;f rsm;rSm wefzkd; ´d f jrifrm;aomfvnf; US Federal Reserve h rS aiGaMu;vIHUaqmfrItpDtpOfr sm;tm; t&SdefavQmhcsvdkufrI ? vuf&Sd b@ma&; jyóemrsm;ESifh vmrnfhESpf arvwGif jyKvkyfrnfh taxGaxGa&G;aumufyGJwdkY aMumifh rwnfrNidrfjzpfvmEdkifaMumif; od&onf/
  16. 16. REGIONAL BIZ 16 Myanmar Business Today December 26, 2013-January 1, 2014 China Needs Western Help for Nuclear Export Ambitions China seen better at building reactors than making profit David Stanway C hina’s investment in Britain’s £16 billion Hinkley foray into Europe’s nuclear power market and a marker of its global ambitions, but its project in a developed country, and Beijing hopes the UK credentials will help promote its two nuclear giants on the global stage. But industry analysts say gaps in the Chinese supply chain, fears of political interference and inexperience in the economics of nuclear power mean alone. “They are very ambitious, but whether they will be welcomed overseas is another question,” said Li Ning, a nuclear power specialist and dean of the School of Energy Research at China’s China’s regulators have long build an entire industrial chain with global reach. After Fukushima, “history has given China an opportunity to overtake the world’s nuclear energy and nuclear technology powers”, Zhang Guobao, Chiand a tireless advocate of nuclear energy, told a September meeting of nuclear scientists, according to state media. China plans to bid for projects in Argentina and Turkey. But its domestic experience won’t necessarily translate well overseas, said Arnaud Lefevre, head of French nuclear consultancy Dynatom International, which has been involved in the nuclear business in China. “All the business of nuclear power plants in China is controlled by state-owned enterprises which are set up to produce power plants, not “They have no clue about international business. They have absolutely no clue how to make profit in nuclear.” Xiamen University. In Britain, for example, political discussions behind closed doors about Chinese nuclear involvement concluded the public would not accept Chinese companies owning majority stakes in new plants and that initial participation should be capped at 49 percent, a source familiar with the discussions said. China’s massive domestic nuclear new-build programme is one of the few bright spots in the global nuclear industry following the 2011 Fukushima disaster, which prompted several countries including Japan, “They have no clue about international business. They have absolutely no clue how to make Li of Xiamen University said any immediate economic rationale for their involvement in Hinkley Point, but they would look at it as a marketing tool. market for China to work in, and it could help in other regions,” he said. French, US partners CNNC and CGN will both be involved in Hinkley Point, but Suzanne Plunkett/Reuters them. China General Nuclear Power Group (CGN) and China National Nuclear Corporation (CNNC) plan to take a combined 30-40 percent stake in a consortium led by French utility EDF to build French-designed EPR reactors in southwest England. China has the world’s largest nuclear building programme at home and hopes to leverage this into a nuclear export industry. While China has already built reactors for its ally Pakistan, Germany, Switzerland, Italy and Belgium to close or phase out their nuclear programmes. After a post-Fukushima suspension lasting a year and a half, Beijing restarted its programme late in 2012 and aims to bring capacity up from 12.57 gigawatts now to 58 GW by the end of 2020. Nearly 30 GW of new capacity is under construction in China, more than 40 percent of the world’s total new-build. An environmental safety monitor carries out contamination checks in the charge hall inside EDF Energy's Hinkley Point B nuclear power station in Bridgwater, southwest England. getting the two sides to collabo- to join forces on a single Chinese reactor design have so far been fruitless. “The government intentionally put them in competition for markets, so obviously there will be a certain amount of hostility between the two sides,” said Li, adding that on international markets this might put China at a disadvantage. CGN is the longtime partner of EDF, which is helping it build two Areva-designed EPR reactors in southern China, and specialists were surprised to see CNNC pop up as a partner in Hinkley Point. CNNC has teamed up with USbased Westinghouse, owned by Japan’s Toshiba, which will see tor model go into operation in China next year. Even if they succeed in winning bids for new reactors, secure supplies of nuclear fuel. While CNNC has its own supplies and processing capacity, CGN will still have to collaborate with the French. “Everybody sells nuclear power plants with 20 years of fuel included in the contract,” said Lefevre. “CGN cannot do this.” Li said all this meant that China was unlikely to risk going it alone in the foreseeable future. “You may vie for the leader- ship of a consortium, but in the end, to get it completed, you need the supply chain of a global consortium,” he said. Reuters Myanmar Summary w½kwfEdkifiH pwmvifaygif 16 bDvD,Hwefzdk;&Sdonfh NAdwdef&Sd Hinkley Point pDrHudef;onf Oa&myEsL;uvD; ,m;pGrf;tm;aps;uGufwGif yxrOD;qHk; vkyfief;rsm;taejzifh EdkifiHjcm;tusKd;wl vkyief;rsm;ESifh yl;aygif;í EsL;uvD;,m; f pGr;f tm;vkyief;tm; ydrcsUJ xGiaqmif&uf f k kd f G oGm;zG,fvnf;&Sdonf/ China General Nuclear Power Group (CGN) ESifh China National Nuclear Corporation (CNNC) vkyfief; 2 ck wdkYrS French utility EDF OD;aqmifaom tiftm;pk BuD;wGif tpk&S,f,m 30 &mcdkifEIef;rS 40 &mcdkifEIef;txd 0,f,lEdkif&ef pDpOf xm;Ny;D t*Fveftaemufawmifyi;f wGif kd jyifopfrS 'DZdkif;a&;qGJxm;onfh EPR EsL;uvD;,m;"mwfaygif;zdkrsm;udk wnf aqmuf&eftwGujf zpfaMumif; od&onf/ w½kwEiitaejzif h jynfwi;f ü urÇmh f kd f H G tBuD;qHk; EsL;uvD;,m;pGrf;tifwnf aqmufrItpDtpOf&SdaeNyD; xdkrSwpfqifh EsL;uvD;,m;pGr;f tifyuevyief;tjzpf Ykd k f k f a&muf&SdvmEdkif&efvnf; arQmfvifhxm; onf/ w½kwfEdkifiHonf ygupöwefwGif EsL;uvD;,m;"mwfaygif;zdkrsm;udk wnf aqmufcJhNyD;jzpfum Hinkley Point pDrHudef;onf zGUH NzdK;NyD;EdkifiHwpfckwGif vnf;jzpfaMumif; od&onf/ w½kwfEdkifiHtaejzifh ,lau pGrf; vkyfief;BuD;rsm;udk ydkrdkjr§ifhwifay;Edkif&ef vnf; arQmfrSef;xm;onf/ odkYaomfvnf; EsL;uvD;,m;pGr;f tifyi;f qdi&m avhvm kd k f pdppforsm; ajymMum;csut& w½kwf l f EdkifiH a&mif;vdktm;vkyfief;pOf? EdkifiH a&;ydi;f wGif 0ifa&mufpuzufrtwGuf k G f I pdk;&drfaMumifhMurIr sm;ESifh EsL;uvD;,m; pGrf;tifpD;yGm;a&;u@ü tawGUtBuHK vdktyfrIwdkYu vkyfief;rsm;tm; oD;oefY &yfwnfvyuiaqmif&ucJvQif ½ke;f uef k f kd f G f h oGm;&rnf[k od&onf/ w½kwfvkyfief;rsm;taejzifh &nfrSef; csufBuD;rm;NyD; EdkifiHjcm;vkyfief;rsm;rS yl;aygif;vkyfaqmifcJhrnfqdkv Qif tajc taewpfr sKd;jzpfoGm;EdkifaMumif; w½kwf Edii Xiamen wuúovrS EsL;uvD; k f H kd f ,m;pGr;f tifuRr;f usiynm&SiEifh pGr;f tif f f S okawoeqdkif&m r[mXmerSL;jzpfonfh Li Ning u ajymMum;cJhonf/ NAwewif w½kwEii EsL;uvD;,m; d d f G f kd f H pGrf;tifu@ü yg0ifvmrIESifhqufpyfí Ed k i f i H a &;yd k i f ; qd k i f &m aqG; aEG; rI r sm;udk rnforQ od&SEiMf urnfr[kwbJ trsm; l d kd f jynfolrsm;rS w½kwfukrÜPDrsm; vkyfief; topfr sm;wGif &S,f,mtrsm;pkydkifqdkifrI udk vufcHom;Edkifjcif;r&Sdonfhtcsuf G vnf; jzpfvmEdkifonf[k od&onf/ 2011 wGif zlul&SD;rm;EsL;uvD;,m; vkyfief;ab;tEÅ&m,fusa&mufrItNyD; wGif w½kwfEdkifiH jynfwGif;EsL;uvD; ,m;pGrf;tifopfrsm; wnfaqmufrItpD tpOfrsm;onf urÇmwpf0ef;wGif xif&m; S vmaom pGrf;tiftpDtpOfr sm;jzpfvm NyD; *syef? *smreD ? qGpfZmvef? tDwvDESifh b,fvf* sD,HEdkifiHr sm;rSmvnf; zlul&SD;rm; EsL;uvD;,m;ab;tEÅ&m,fjzpfay:cJhrI vky&eftwGuztm;wpfcjk zpfvmcJonf/ f f d h
  17. 17. REGIONAL BIZ 17 Myanmar Business Today December 26, 2013-January 1, 2014 India Cbank Surprises by Keeping Interest Rates on Hold Suvashree Dey Choudhury T he Reserve Bank of India (RBI) unexpectedly kept the country’s policy interest rate on hold on Wednesday last week, despite calling curthe prospect of easing retail prices and its concerns about the weak domestic economy. The RBI had been widely expected to raise the repo rate, after lifting the country’s main lending rate by 25 basis points each at its previous reviews in September and October. It instead opted to keep the coun- try’s main lending rate at 7.75 percent. Benchmark 10-year bond yield dropped 12 basis points to 8.78 percent from levels before the decision, while the NSE share index gained more than 1 percent. The Indian rupee strengthened. However, the central bank warned it would remain vigilant be ready to act even in between policy reviews should headline expected, albeit noting it would do so in a “calibrated” manner. The RBI added it would also gauge the impact from any decision by the US Federal Reserve to start withdrawing its monetary stimulus. The US central bank concludes its policy meeting later in the day. “The policy decision is a close monetary policy works, there is merit in waiting for more data to reduce uncertainty.” The most recent data showed consumer prices posted their biggest annual rise on record in November – 11.24 percent – high,” said the RBI in its policy statement. “However, given the wide bands of uncertainty surroundtion from its high current levels, and given the weak state of the economy, the inadvisability of overly reactive policy action, as well as the long lags with which 14-month high last month. driven by higher vegetable prices that hurt the country’s poor the most, and are thus posing another headache to the embattled Congress party, which is facing general elections due by May, and was drubbed in recent state polls. Still, analysts have said the surge in prices of vegetables such as onions are largely impacted by India’s lack of reliable ways to transport the produce and by traders suspected of hoarding supplies to raise prices, limiting the impact of monetary policy. For businesses and investors in Asia’s third-largest economy, the priority had been a recovery in growth, which would help India again attract investment Reuters cit that surged to a record high A man makes a phone call while standing near a Reserve Bank of India RBI crest at the RBI headquarters in Mumbai, India. Wholesalers have also been saying vegetable prices have eased this month, providing tion, though analysts warned prices could again spike. “I think it is just postponement of action, because the policy clearly says they (the RBI) may take action any time, even in the interim between two policies, if the situation warrants,” said Rupa Rege Nitsure, chief economist of Bank of Baroda in Mumbai. Reuters Myanmar Summary vuf&Sd aiGaMu;azmif;yGrIEIef;jrifhrm;NyD; jynfwGif;pD;yGm;a&;tm;enf;csuftay: pdk;&drrr sm; &Saeaomfvnf; vufvaps; f I d D EIe;f avQmcsrrsm;tm; avQmcs&ef arQmre;f h I h f S csufaMumifh Reserve Bank of India (RBI) rS EdkifiH ay:vpDtwdk;EIef; xm;tm; rarQmfvifhbJ qufvuf xdef;odrf;xm;aMumif; od&onf/ RBI rS repo EIef;xm;tm; jr§ifhwif &eftwGuf arQmfrSef;xm;cJhNyD; EdkifiH t"d u aiG a cs;EI e f ; xm;tm; puf w if bmvESifh atmufwbmvrsm;wGivnf; kd f 25 basis points jr§ifhwifcJhonf/ RBI rS EdkifiH t"duaiGacs;EIef;xm;tm; 7.75 &mcdiEe;f wGif xm;&dxm;aMumif; k f I S od&onf/ qHk;jzwfcsufrcsrSwf&ao;cif wGif pHtrSwf 10 ESpf oufwrf;acs;aiG pmcsKyrsm;rSm 12 basis points usqif; f cJhNyD; 8.78 &mcdkifEIef;jzpfaMumif; od& onf/ N S E &S ,f ,m ñ Tef ; ud e f; rsm ; rSm 1 &mcdkifEIef;ausmf wufvmNyD; tdEd´, ½lyD;aiGaMu;rSm wefzdk;rmvmcJhaMumif; od&onf/ odkYaomfvnf; A[dkbPfrS aiGaMu;azmif;yGrItm; owd0D&d,jzifh apmifhMunfh&rnfjzpfaMumif;? aiGaMu; azmif;yGrIA[dktcsufrSm arQmfrSef;xm; oavmuf usqif;vmvdrfhrnfr[kwf aMumif; owday;cJhonf/ US Federal I Reserve rS aiGaMu;vIUH aqmfrtpDtpOf rsm;udk avQmhcs&ef qHk;jzwfcsufaMumifh ouf a &muf r I r sm;udk vnf; wdkif; wm wGufcsufoGm;&zG,f&SdaMumif; RBI rS xyfavmif;ajymMum;cJhonf/ ,ck v uf &Sd aiG a Mu;azmif ; yG r I E I e f ; jrifhrm;rIaMumifh raocsmra&&mrIrsm; &SdaeNyD; pD;yGm;a&;rSmvnf; tiftm; raumif;rGeonfh taetxm;jzpfaeovdk f ay:vpDusio;Hk rIrmvnf; roifavsmbJ hf S h f tqdkyg ay:vpDtm; usifhoHk;rIaMumifh aESmifhaES;rIrsm;vnf; &SdaeaMumif; od& onf/