Myanmar Business Today - Vol 2, Issue 19

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

For more information please visit www.mmbiztoday.com.

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Myanmar Business Today - Vol 2, Issue 19

  1. 1. May 15-21, 2014 Myanmar Business Today mmbiztoday.com mmbiztoday.com May 15-21, 2014| Vol 2, Issue 19MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL Inside MBT The Bonds That Will Tie The Semen Indonesia to Buy Corruption The Biggest Con- cern for Myanmar Business- es: Survey P-5 In 2013-14, a total of K10 billion ($10.4 million) was disbursed to only 62 SMEs around Myanmar T he amount of loans provided by the state-owned Small and Medium Indus- trial Development Bank for Myanmar’s small and medium enterprises, while the loan procedure told Myanmar Business Today which ended March, the bank disbursed a total of Currently, SMIDB gets loans from the govern- ment-owned Myanmar Economic Bank, which provides funds to SMIDB cent interest rate, while other banks in Myanmar “The bank wants to give loans to most of the SMEs not just to selected enter- prises for a period of three May Soe San can only give loans after it receives special funding from the government,” U San Thein, senior advisor at SMIDB told Myanmar Business Today He said collaboration between international donor organisations and the government is still weak, rendering the bank unable to lend enough to “If other organisations such as JICA (Japan In- ternational Cooperation assistance to the bank the situation will be better,” U He said there have al- ready been discussions Development Assistance U Myat Thin Aung, an entrepreneur and vice chairman at Yoma Bank Ltd, told Myanmar Busi- ness Today: “The more loan the bank will give, the better it will be for the do not own buildings or any other forms of collat- also needs to assume risks It [the government] also needs to revise the loan U San Thein said SMIDB ments of SMEs to deter- mine loan viability as the nancial management and inadequate data and re- Also, as there is no leg- islation for the SMEs at present – the banks pro- vide loans to SMEs after getting approval from the SME Centre, a depart- ment under the Ministry of Industry which keeps registration records of SME Law has been sub- mitted to the parliament and will be discussed in the Hluttaw’s upcoming Foreign experts from the German Society for International Coopera- to give training to banks including SMIDB, KBZ and Yoma Bank on moni- toring and loan procedure U San Thein also urged the government to im- prove industrial and ser- vice sectors of the country for the development of cent is coming from ag- The GDP will only in- crease with the develop- ment of the SMEs,” he U San Thein also point- ed out that Myanmar’s number of export items Contd. P 9... Contd. P 9... Myanmar Summary state-owned Small and Medium Industrial Development Bank (SMIDB) managed to disburse a total of K10 billion ($10.4 million) to only 62 SMEs around the country. UAung/Xinhua EdkifiHydkiftao;pm;rStvwfpm; pufrIvkyfief;rsm;zGHUNzdK;wdk;wufa&; twGuf SMIDB taejzifh jynf wGif;&Sd tao;pm;ESifhtvwfpm; pufrIvkyfief;rsm;zGHUNzdK;wdk;wufap &ef b@ma&;taxmuftyHhrsm; ay;vsuf&Sdaomfvnf; tqdkyg vkyfief;rsm;twGuf ,if;aqmif &Gufcsufonfxda&mufrIr&SdaMumif; od&onf/ jynfwGif;tao;pm;ESifhtvwf pm;pufrIvkyfief;rsm;zGHUNzdK;wdk;wuf &ef tqdkygbPfrS tpdk;&bPf wpfckjzpfaom jrefrmhpD;yGm;a&; bPf MEB rS &&SdaomaiGudk
  2. 2. May 15-21, 2014 Myanmar Business Today mmbiztoday.com 2LOCAL BIZ MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL Board of Editors Editor-in-Chief - Sherpa Hossainy Email - sherpa.hossainy@gmail.com Ph - 09 42 110 8150 Editor-in-Charge - Wai Linn Kyaw Email - linnkhant18@gmail.com Ph - 09 40 157 9090 Reporters & Contributors Htun Htun Minn, May Soe San, Phyu Thit Lwin, Phyo Aung Myint, Kyaw Min, Aye Myat, David Mayes, Kyaw Myo Htoon, Wai Linn Kyaw, Sherpa Hossainy Art & Design Zarni Min Naing (Circle) Email - zarni.circle@gmail.com Ph - 09 7310 5793 Ko Naing Email - nzlinn.13@gmail.com Ph - 09 730 38114 DTP May Su Hlaing Translators Wai Linn Kyaw, Phyu Maung, Bone Pyae Sone Advertising Seint Seint Aye, Moe Hsann Pann, Htet Wai Yan, Zin Wai Oo Advertising Hotline - 09 420 237 625, 09 4211 567 05, 09 31 450 345 Email - sales.mbtweekly@gmail.com Managing Director Prasert Lekavanichkajorn pkajorn@hotmail.com 09421149720 Publisher U Myo Oo (04622) No. 1A-3, Myintha 11th Street, South Okkalapa Township, Yangon. Tel: 951-850 0763, Fax: 951-8603288 ext: 007 Shwe Naing Ngan Printing (04193) Printing Subscription & Circulation Aung Khin Sint - aksint2008@gmail.com 09 20 435 59 Nilar Myint - manilarmyint76@gmail.com 09 4210 855 11 Khaing Zaw Hnin - snowkz34@gmail.com 09 4211 30133 Foreign investors reluctant to invest in state- owned property Foreign investors in Myanmar’s booming property market have started avoiding making investments in state-owned land because of a requirement to sign media reported, citing CEO Aung Kyaw Win of United ment, immoveable property can be only leased for long terms, but cannot be sold and foreign investors do not want to take the trouble likely to be faced in extending tive bidding through competitive tenders soon, local media report- ed, quoting chairman Aung Than Oo of Myanmar Rice stocked rice was sold last July to help control soaring State-owned Small and Medium Industry Develop- media quoted SMIDB Managing Director Tin Maung loan from the state-owned Myanma Economic Bank at gets grants from JICA (Japanese International Coop- Rates under the new income tax policy, which comes ing countries and will increase the burden on most tax- payers, local media reported, quoting economists and ayar Industrial Estate Supervision Committee, said that day should not be required to pay any taxes, but under and legal expert Tin Than Oo said any tax should not be a burden for payers and there should be incentives for them like good utility services, otherwise they would upgrade Shan states in northern Myanmar, will be upgraded in cooperation with private companies and put into ser- vice during this year to help cope with the steep rise in domestic air travel, local media reported a senior of- as a result of plunging rubber prices in the world mar- ket, local media reported, citing secretary general My- present, a metric tonne of rubber in the world market matters worse, Myanmar rubber fetches only about cult for the manageable scale rubber growers to survive Year’ to attract seven million foreign visitors, local media re- ported citing sources from the Federation of Myanmar rival system needs further improvement while the e- visa system should be introduced to lure more tourists Myanmar Summary tao;pm;ESifhtvwfpm;pufrIvkyfief;rsm;zGHUNzdK;a&;bPf (SMIDB) taejzifh usyf oef; 100 tm; twdk;EIef; 8 'or 5 &mcdkifEIef;jzifh tao;pm;ESifhtvwfpm;vkyfief;rsm;odkYxkwfacs;oGm;rnfjzpfaMumif; aMunmcJhonf/ SMIDB taejzifh jrefrmhpD;yGm;a&;bPfrS usyfaiG 20bDvD,Htm;twdk;aiG8'or25&mcdkifEIef;jzifh&&SdcJhjcif;jzpfonf/ usef&Sdaeonfh t&efqef rufx&pf wef 4 odef;tm; rMumrDwGif wif'grsm;ac:,lum xkwfa&mif;oGm;rnfjzpfaMumif; jrefrmEdkifiHqef ukefonfrsm;toif;u xkwfjyefxm;onf/ t&efqefrsm;tm; ,cifESpf ZlvdkifvwGif jynfwGif;aps;uGuftm; xdef;n§day;&ef xkwfa&mif;cJhonf/ EdkifiHjcm;om;&if;ESD;jr§KyfESHolrsm;taejzifh jrefrmEdkifiHtdrfNcHajraps;uGufü &if;ESD;jr§KyfESHMu&mwGif Build, Operate and Transfer (BOT) pmcsKyf rsm;csKyfqdk&ef vdktyfonfh tpdk;&ydkifajrrsm;wGif &if;ESD;jr§KyfESH&ef a&Smif&Sm; vmMuaMumif; od&onf/BOT pmcsKyft& a&TUajymif;r&Edkifonfhypönf; rsm;tm; ESpf&SnfiSm;&rf;cGifh&Sdrnfjzpfaomfvnf; vTJajymif;a&mif;cscGifh r&Sdacs/ arvwGifpwifusifhokH;rnfh 0ifaiGcGefrl0g'topfonf a'owGif;EdkifiH rsm;xuf jrifhrm;aomaMumifh tcGefay;aqmifoltrsm;pktm; 0efyd aprnfjzpfaMumif; od&onf/ tqdkygOya't& wpf&ufvQif usyf wpfaomif;atmuf &&Sdolrsm;onf rnfonfh tcGefrQay;aqmif&ef rvdktyfaomfvnf; rl0g'topft& wpfESpfvQif usyfESpfoef;xuf ydk&&Sdolrnfolrqdk 0ifaiGcGefay;aqmif&rnfjzpfonf/
  3. 3. May 15-21, 2014 Myanmar Business Today mmbiztoday.com 3LOCAL BIZ Myanmar Summary Contd. P 10... Contd. P 10... The Bonds That Will Tie The Nation (Part II) Kyaw Myo Htoon I nfrastructure project private businesses raise depend on large amount Usually debt is composed cent of total capital re- quirement, and such long-term debt can only be sourced from capital markets – both local stock exchange and interna- tional stock markets – as developed capital mar- ket are immense and these have been well re- study by the World Bank has clearly demonstrated that GDP grows faster in economies with more liq- nancial institutions like IMF strongly recommend developing deep and liq- uid local stock and bond is that development of lo- cal Myanmar bond mar- ket may even take longer to become liquid than If the local capital market absorbs a large amount of government bonds there will be a which means the govern- ment will use all the capi- tal in the Myanmar capi- tal market and less money will go to private business sectors thus hurting their There are challenges too for Myanmar government to sell foreign currency bonds via international capital markets since it will be exposed to cur- Nevertheless, under cur- rent circumstances, it is the only viable solution to issue foreign currency bonds to spur the eco- nomic growth in years to against the expenses of the future generations so it must be invested wisely Government revenue can be used in various activities and sectors that greatly enhance pro- A nation’s productivity is measured by its GDP (Gross Domestic Produc- economies like Japan and the United States GDP percent compared with developing countries like But such growth will not Vietnam and China both cial resources to develop the countries’ infrastruc- ture such as power and Vietnam maintained a higher infrastructure in- vestment rate than its GDP growth and as a result maintained con- sistent average Foreign while China’s miracle GDP growth rate (now few decades came from Chinese infrastructure in- percent of its GDP annu- Case in point, the out in Yangon is just simply a result of lack of infra- structure and it is starting and employees, and will soon impact productivity in Yangon and the dom- Yangon is heading for Ja- one of the most notorious it is no wonder because Indonesia only invests be- low 5 percent of GDP in city can issue municipal sub-sovereign bonds for roads and transportation after sovereign bonds are Organisations like the Asian Development Bank recommend at least 5 percent of GDP for infra- Myanmar wants to fol- low Vietnam’s investment model with current GDP infrastructure investment rate should go around 7 percent of the GDP which quirement of infrastruc- ture investment for the McKinsey Global In- stitute analysis suggests that an increase in in- frastructure investment GDP could translate into direct and indirect jobs Infrastructure invest- ment implies both busi- ness infrastructure like road, power and social infrastructure and also educational and health- der to attract FDI, it will take development of both business and social infra- There are ongoing infra- structure activities in My- ternational Cooperation preparing a master infra- structure plan for Myan- mar as well as a Yangon Urban Development plan, while ADB and World Bank have been working hand in hand for infra- structure development areas such as power and Even funding all those infrastructures with bonds, ODA and loans, there’s shortfall in coun- tries like India, Vietnam increasingly seeking in- vestment from their pri- attract private investment in infrastructure projects, sound and transparent PPP legal framework Myanmar government’s attract private investment into the sector although how it will manage this sensitive issue is debat- forts, funding those infra- structures will remain a major challenge for years to come for Myanmar as well as other emerging said, “Insanity is doing the same things and ex- Simply put: bold results Infrastructure invest- ment is politically, eco- nomically and socially important and most of Myanmar’s challenges today are basically infra- transportation and com- munication gap that cre- ates wider divide devel- opment among cities and provinces, and the ethnic remote provinces never have been to major cities and lack exposure, breed- ing conservative minds to create racial and religious Moreover, development and investment of infra- structure in ethnic areas and provinces is the only way to strengthen the Therefore, infrastruc- ture investment will play critical role in Myanmar long-term economic de- velopment but having a plan is just the begin- without a capable man- of the day, it is the peo- But having a competent team in place is only half the journey – their way of management practices need to comply with the accepted code of conduct besides being transpar- Last but not least, hav- ing all the above three in- gredients in place will not suddenly earn trust from “ The out of control traffic problem in Yangon is simply a result of lack of infrastructure and it is starting to affect both employers and em- ployees, and will soon impact productiv- ity in Yangon and the domino effect can create far reaching consequences.” OliverSlow tajccHtaqmufttHkqdkif&mpD rHudef;rsm;wGif&if;ESD;jrSkyfESHjcif;rSm yk*¾vdupD;yGm;a&;vkyfief;rsm;wGif aiG&if;jr§ifhwifjcif;ESifhrwlacs/ rsm;tay:wGifrsm;pGmrSDcdkae& onf/ykHrSeftm;jzifhacs;aiGrsm;onf pkpkaygif;aiG&if; 70 &mcdkifEIef;rS 80 &mcdkifEIef;txd vdktyfaeNyD; tqdkygESpf&Snfacs;aiGrsm;rSm jynfwGif;pawmha&mif;csrIESifh tjynfjynfqdkif&mpawmhaps; uGufrSpmcsKyfrsm;ponfhaiG&if; aps;uGufrsm;rS &&SdEdkifonf/ zGHUNzdK;NyD;aiG&if;aps;uGufrsm;t aejzifhokawoersm;aocsmpGm vkyfaqmifNyD;Muonfhtavsmuf tusKd;aus;Zl;rsm;vnf;&&Sdrnf jzpfonf/ urÇmhbPf avhvmrIt& GDP wdk;wufrIjrefqef onfhpD; yGm;a&;aps;uGufrsm;wGifydkrdk cdkifrmonfhaiG&if;aps;uGufrsm; &SdaMumif; od&SdEdkifonf/ IMF uJhodkYaomaiGaMu;tzGJU tpnf;rsm;taejzifhcdkifrmpGm zGHUNzdK; rIrsm;aqmif&Guf&efESihf jynfwGif; pawmhESifhpmcsKyfaps;uGufrsm; cdkifrmap&ef tBuHjyKxm;onf/ odkYaomf jrefrmEdkifiH vuf&Sd jynfwGif;pmcsKyfaps;uGufonf jrefrm pawmhaps;uGufuJhodkY cdkifr m&eftcsdef,l &rnfh pdefac:rIrsm; BuHKawGUae&onf/ tu,fí jynfwGif;aps;uGuf rsm;taejzifhtpdk;&pmcsKyf rsm; tm;BuD;rm;pGm0,f,lMuygu t pdk;&taejzifh aiG&if;rsm;tm;vkH; tm; jrefrmaiG&if;aps;uGuf
  4. 4. May 15-21, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 4 Myanmar Summary Myanmar Summary Semen Indonesia to Buy $30-m Stake in Myanmar Cement Maker I ndonesia’s largest cement producer PT Semen Indo- nesia Tbk has agreed to buy a minority stake in a Myanmar- “At the moment we can only enter with minority control, so ownership,” President Director Dwi Soetjipto told reporters last week in Jakarta, Indonesia me- He said the stake is worth He declined to name the My- anmar company involved in the deal, but said it has an annual “We will gradually increase our control there in the future, but we need an entry point Semen Indonesia, formerly known as Semen Gresik, op- erates four units throughout - nounced last year that it plans Phyo Aung Myint This investment follows the company’s venture into Viet- - For Indonesia, it is targeting - - lion estimated by the end of this Indonesia’s state-owned en- terprises, including Semen Indonesia and Bank Mandiri among others, have been urged by the government to expand The cement producer has ob- - the construction of a new plant million tonnes of cement in the tonnes sold during the same period last year, according to a Semen Indonesia’s net in- Ooredoo Tests First O oredoo Myanmar said it has successfully tested and from its network and that of the other new mobile op- erator, terming the event “an important milestone” in the rollout of telecommunications “In our industry it is impor- tant that operators do collabo- rate to enable total connectiv- ity and choice for customers,” Ooredoo CEO Ross Cormack said, highlighting the impor- tance of good working relation- The Qatar-based company and Norway’s Telenor last year won the bid for the two telecom- government, which seeks to cede its ironclad control over the country’s telecommunica- Punishing SIM card prices and state monopoly have left Myanmar’s telecoms infra- structure in shambles and only managed a dismal mobile pen- “We hope to be able to pro- gress our work in connecting to the existing MPT network in the The company said in order for the people of Myanmar to enjoy - networks are able to intercon- Ooredoo is currently rolling out a voice- and data-enabled - Htun Htun Minn cial awarding of the licences in across the country within six - “This interconnection mile- stone brings together Ooredoo’s next generation technology with that of the current genera- tion technology being deployed by the other new operator,” the Ooredoo oG,fa&;ukrÜPDwpfck rdkbdkif;uGef&uf ESifh tjyeftvSefcsdwfqufEkdifcJhaMumif; od&onf/,if;uJhodkYa&SUqufEdkifcJhjcif;onf urÇmhtqifhrD qufoG,fa&;pepfwnf aqmuf&mwGif t"duusaom udpö&yf wpfckjzpfaMumif; OoredooMyanmar trIaqmift&m&SdcsKyf Ross Cormack u ajymcJhonf/ owif;xkwfjyef&mwGif rdkbdkif;qufoG,f a&;ukrÜPDrsm;tMum; aumif;rGefaom qufqHa&;&Sdjcif;onf ta&;tBuD;qHk; tcsufjzpfaMumif;4if;uqufajymonf/ ]]Ooredoo &JU vkyfief;awGudk trsm; jynfola&G;cs,fEdkifzdkYtwGuf rdkbdkif;ukrÜPD tcsif;csif; yl;aygif;aqmif&GufzdkY t&rf; ta&;BuD;ygw,f/odyfrMumciftcsdeftwGif; rSmvnf; jrefrmhqufoG,fa&;vkyfief;&JU uGef&ufawGeJY xyfrHcsdwfqufEdkifr,fvdkY arQmfvifhygw,f}}[k Ooredoo trIaqmif t&m&SdcsKyfu ajymMum;cJhonf/ Ooredoo Myanmar onfvmrnfhv rdwfqufEdkif&ef jyifqifvsuf&SdNyD; vuf&Sd tcsdefwGif jrefrmEdkifiHom;0efxrf;aygif; 700 ausmfudk cefYtyfxm;NyD;jzpfaMumif; od&onf/ tif'dkeD;&Sm;tBuD;qkH;bdvyfajrxkwf vkyfol PT Semen Indonesia Tbk taejzifh jrefrmEdkifiHtajcpdkuf bdvyfajr xkwfvkyfief;&S,f,mtenf;pktm; ,ck ESpftwGif; 0,f,l&ef oabmwlnDcJh aMumif; od&onf/ tqdkygukrÜPDonf jrefrmtajcpdkuf ukrÜPD &S,f,m 30 &mcdkifEIef;tm; 0,f,lrnfjzpfNyD; tar&duefa':vmoef; 30 wefzdkk;&SdaMumif; ukrÜPDOuú| Dwi Soetjipto rS tif'dkeD;&Sm;EdkifiH *sumwm wGif ,ciftywfu xkwfazmfajymMum; cJhonf/ ,cif Semen Gresik [k odMuonfh Semen Indonesia taejzifh tif'dkeD;&Sm; EdkifiHwpf0Srf;wGif ,lepfav;ckjzifh vkyfudkif vsuf&Sdonf/ukrÜPDtaejzifh ,cifESpfu jrefrmEdkifiHwGif tar&duefa':vm oef; 200&if;ESD;jr§KyfESHoGm;rnfjzpfaMumif;aMunm cJhonf/ vankhanhco.com
  5. 5. May 15-21, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 5 Myanmar Summary C orruption is the top con- cern for businesses in Myanmar, which is un- dergoing liberal reforms after the end of military rule, accord- ing to a UN-led survey released Five decades of military rule left Myanmar mired in poverty and plagued by corruption, but a quasi-civilian government enacted sweeping political and Jared Ferrie economic reforms aimed at at- tracting foreign investment and However, the survey suggests the reforms have thus far had only a limited impact on cor- severe obstacle” to their opera- tions, according to the survey from the United Nations, the Organisation for Economic Co- operationandDevelopmentand the Union of Myanmar Federa- tion of Chambers of Commerce Access to skilled labour and the second and third biggest surveyed said they had to pay bribes for registration, licences fees while about a dozen said “For the bulk of Myanmar businesses, the business envi- ronment has not changed,” said Kim Ninh, country representa- tive of the Washington-based Asia Foundation, speaking at She said she was surprised few new ones had emerged dur- “Curiously, not many in recent years and the increase hasn’t been as strong as you’d think with the opening of Myanmar,” Myanmar’s parliament passed anti-corruption laws last year and appointed an anti-graft Win Aung, president of the UMFCCI, said he was optimistic - cess would depend on whether the authorities really acted on “There should be action against those who breach the law,” he said in an interview on in that way can the elimination Despite Myanmar’s ongo- ing reforms, the World Bank - tries in its annual report on the business environment last Oc- was due to corruption, Charles Schneider, a World Bank econ- omist based in Yangon, said at the time, though he added the country was improving trans- Reuters Reuters New Tax Rate Comes into Force This FY M yanmar’s new income tax and commercial tax 5 percent income tax; those earning from above K5 mil- - - goods, the department said, warning that those who fail Myanmar’s parliament approved the two tax-related Kyaw Min Myanmar Summary jrefrmEdkifiHwGif pD;yGm;a&;vkyfief;rsm; twGufvmbfpm;rIonfppftkyfcsKyfa&; tNyD; 'Drdkua&pDjyKjyifajymif;vJa&;vkyfief; rsm;vkyfaqmifaepOftwGif;t"dujyóem jzpfvmaeaMumif; UN OD;aqmifonfh ppfwrf; vGefcJhonfhtywfu xkwfjyef cJhaomtcsuftvufrsm;t& od&onf/ ppftkyfcsKyfa&;wGif q,fpkESpfig;ckeD;yg; usa&mufcJhonfh jrefrmEdkifiHvmbfpm; rIrsm;aMumifh wkdif;jynfrSm qif;&JEGrf;yg;jcif; 'PfcHae&onf/odkYaomft&yfom;tpdk;& tjzpf 2010 ckESpfwGif tmPm&,lonfh tcsdefrSpwifum pD;yGm;a&;ESifh EdkifiHa&; jyKjyifajymif;vJrIrsm; vkyfaqmifvsuf&Sd NyD; EdkifiHjcm;&if;ESD;jr§KyfESHrIrsm;ESifhoefY&Sif; onfh pD;yGm;a&;todkuft0ef;jzpfvm&ef vkyfaqmifaeonf/ odkYaomf avhvmcsufrsm;t& tqdkyg jyKjyifajymif;vJrIrsm;onfvmbfpm;rItay: tenf;i,fom xda&mufrI&Sdonf/ jrefrmEdkifiH0ifaiGcGefESifhukefoG,fcGef rsm;taejzifh ,ck 2014-15 b@m a&;ESpfwGif pwiftouf0ifNyDjzpfonf/ ,ckOya'topft& wpfESpfvQif0ifaiG odef;20 rS odef;50 (tar&d uefa':vm 2083 rS 5208)&&Sdonfh EdkifiHom;rsm; taejzifh 0ifaiGcGef 5 &mcdkifEIef; ay; aqmif&ef vdktyfrnfjzpfjyD; odef; 50 rS odef; 100 &&Sdolrsm;taejzifh wpfESpfvQif 10 &mcdkifEIef; ay;aqmif&rnfjzpfonf/ xdkYjyif 0ifaiG odef; 100 rS 200 tMum;&&Sdolrsm;taejzifh 20 &m cdkifEIef; ay;aqmif&rnfjzpfjyD; odef; 300 txuf &&Sdolrsm;taejzifh 25 &mcdkif EIef;ay;aqmif&rnfjzpfaMumif;jynfwGif;tcGefrsm;OD;pD;XmerS xkwfjyefxm;onf/
  6. 6. May 15-21, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 6 Myanmar Summary Myanmar Summary Contd. P 18... Zhulian Corp Sees Myanmar Entry by Q3 M alaysia-based Zhulian Corp Bhd, an invest- ment holding compa- ny, will enter Myanmar market by the third quarter of this year as part of the group’s overseas Group managing director Teoh Meng Keat said Myan- mar is touted as the new fron- tier market amongst emerging countries in terms of the con- sumer segment and has ap- pointed a local master agent to He said due to local laws lim- iting company ownership, the group will export its products directly to the master agent, “We will continue to expand our overseas market to over- come escalating raw material prices, increasing operating - dence in spending,” he told re- porters after the group’s annual general meeting, Malaysian He said the group also plans to channel investments towards increasing the production ca- pacity in line with the objective of growing the business by ex- tending the scale and capability of its food and beverages manu- The group sales ratio is mostly exports at 57 percent to Thai- - cent to Indonesia and one per- Phyu Thit Lwin However, Teoh said the group - From dealing with only a small range of gold plated jewellery, product lines into home care, food and beverages, nutritional supplements, personal care, cosmetics, air and water treat- ment, sleep enhancement and Currently, Zhulian has about agents in Malaysia, Thailand, LIFT Fund in Myanmar T he EU and six of its mem- ber states are the founder and largest donor of the Livelihood and Food Security granted to Myanmar, the Euro- pean Union Delegation to My- other donors launched the mul- ti-donor Livelihoods and Food tackle the issue of poverty and hunger directly in Myanmar’s - percent of the population live in poverty and 5 percent live in extreme hardship, with little or no income to spend on essential food, according to the Integrat- ed Household Living Conditions Poverty and the lack of means to buy or access basic food re- quirements have been and re- main a persistent problem in Myanmar, particularly in rural In line with Millennium De- extreme poverty and hunger – LIFT’s work focuses on improv- ing food and livelihood secu- rity in areas around the country where poverty is of particular “Through LIFT we have been able to target two million of proud to contribute to more May Soe San EU and to have played a lead- ing role in the creation of LIFT,” said Roland Kobia, the Euro- pean Union’s Ambassador to Together with EU member states, the European contribu- tion to LIFT, notably of the UK, LIFT supports a wide range of activities and projects imple- mented by local and interna- tional NGOs and agencies such as increasing productivity and yields, improving local seed va- rieties, diversifying production, ensuring a more diverse and nutritive diet, promoting inclu- sive value chains, easing access to markets, strengthening farm- ers’ organisations, or ensuring The focus of the fund is to as- sist smallholder farmers to de- termine their own way out of poverty, and support them to become active players in the so- cial and economic development of the country, the delegation “LIFT has developed an iden- experience of donors working together to achieve the same goal: reducing rural poverty and malnutrition in Myanmar,” said The EU ambassador said: “Improving living conditions in rural areas is one of the top priorities of the government, as Social and Economic Reforms and in the Strategic Framework now adapting its strategy to mir- ror the priorities of the govern- rav;&Sm; tajcpdkuf Zhulian Corp Bhd taejzifh jynfyaps;uGufodkY csJUxGif onfhtaejzifh jrefrmEdkifiHaps;uGufodkY ,ckESpf wwd,okH;vywfwGif 0ifa&muf rnfjzpfaMumif; aMunmcJhonf/ tqdkygvkyfief;OD;aqmifñTefMum;a&; rSL; Teoh Meng Keat rS jrefrmEdkifiH onfvuf&SdzGHUNzdK;paps;uGufrsm;wGiftcdkifrm qkH;aom aps;uGufjzpfaMumif;ESifh jrefrm EdkifiHwGif pD;yGm;a&;vkyfief;rsm; vkyfudkif Edkif&efukd,fpm;vS,fcefYtyfxm;aMumif; ajymMum;cJhonf/ ydkifqdkifcGifhtm; uefYowfxm;aomaMumifh rsm;wifydkYum jynfwGif;udk,fpm;vS,frS jzefYjzL;oGm;rnfjzpfaMumif; ajymMum;cJh onf/ FahmidBhuiya/PGMF Oa&myor*¾ESifhtzGJU0ifEdkifiHrsm;onf the Livelihood and Food Security Trust Fund (LIFT) wnfaxmifol rsm;jzpfNyD; 80 &mcdkifEIef;aom &efykHaiG tm; jrefrmEdkifiHodkYay;tyfoGm;rnfjzpf aMumif; jrefrmEkdifiHqdkif&m Oa&my or*¾udk,fpm;vS,frS ajymMum;cJhonf/ 2009 ckESpfwGif Oa&myor*¾taejzifh tjcm;vSL'gef;olrsm;ESifh twlwuG Livelihoods and Food Security TrustFund(LIFT) tm; jrefrmEdkifiH a0;vHa'orsm;&Sd qif;&JEGrf;yg;rIESifh tpm a&qmjywfvyfrItm; axmufyHhay;Edkif&ef wnfaxmifcJhjcif;jzpfonf/vuf&SdwGif tvSL&Sifq,fOD;ausmfrS LIFT tm; xnfh0ifrwnfvsuf&Sdonf/ jrefrmEdkifiHwGif vlOD;a& cefYrSef;ajc 26 &mcdkifEIef;onf qif;&JEGrf;yg;pGmaexdkif ae&NyD; ig;&mcdkifEIef;rSm cufcJpGm &Sifoef ae&um pm;aomufaexdkifa&;twGuf 0ifaiGvkHavmufpGmr&SdaMumif; Integrated Household Living Conditions Survey in Myanmar 2009-2010 t& od& onf/ qif;&JEGrf;yg;rIESifh tajccHtpm;tpm vdktyfcsufrsm; 0,f,l&ef cufcJrIonf jrefrmEdkifiHa0;vHa'orsm;wGiftcuf tcJwpfcktjzpf &Sdaeao;onf/Oa&my or*¾tzGJU0ifEdkifiHrsm;ESifhtwl Oa&myEdkifiH rsm;uvnf; LIFT odkY xnfh0ifulnDrI rsm; jyKvkyfMuNyD; jAdwdefEdkifiHrS &efykHaiG 80 &mcdkifEIef;tm; xnfh0ifay;xm;jcif; jzpfonf/ ADB,JapantoAssistMyanmarImprove WaterandSanitationWorks AYangon and Mandalay will soon have access to safe, regular water supply and improved sanitation facilities - lion grant funded by the Japan Fund for Poverty Reduction and administered by the Asian De- - The four-year community in- frastructure and basic services project is expected to reduce the prevalence of infectious diseas- es, improve the system of solid and liquid wastes disposal, and - ging in two of Myanmar’s most “Community participation will Wai Linn Kyaw be instrumental in the delivery, operation and maintenance of these infrastructure subpro- jects” said Linda Adams, social development specialist at ADB’s ADB said the project will in- troduce a “self-perpetuating community operation and maintenance fund, with com- munity development commit- tees responsible for the collec- tion of fees and administration The grant will also include im- proving drainage of storm and - “Improving living conditions in Myanmar’s major cities by enhancing sanitation and clean
  7. 7. May 15-21, 2014 Myanmar Business Today mmbiztoday.com 7LOCAL BIZ Myanmar Summary Myanmar Summary U K-based Allen & Overy ASEAN region in Yangon, be- coming the latest in the line of swarming into Myanmar to tap aged by Simon Makinson, Allen & Overy ASEAN group chair- push into Myanmar when sanc- “Through this investment, we believe we can not only play a role in helping Myanmar with its legal framework, we can also help clients across our global network better understand the mechanics and nuances of what has been, up until recently, an unknown quantity from an in- ternational investment point of began work in the market two years ago “we’ve been extremely busy with a multi-faceted ap- Last year, A&O, which is one of the so-called “magic circle” Norwegian client Telenor to win one of two telecoms licences granted to foreign companies allowing it to provide telecom- munications services in Myan- continues with network deploy- “On the client side we are ad- vising across all active sectors with the ‘big ticket’ deal to date “Besides telecoms, we have also been active in banking and and gas, infrastructure, manu- US OFAC and EU sanctions advice also feature prominently Htun Htun Minn While risk is still a key factor for corporations looking to in- vest in Myanmar, the business and legal framework for oppor- tunity is improving day-by-day, “In terms of industry devel- opment, we have been active in the power sector, working with developers and multilater- als, including assisting with the development of a standardised power purchase agreement for the UK-Myanmar Financial Ser- vices Task Force reviewing My- Therearetwootherseniorlaw- yers and three business services team of sector specialists made up of partners and lawyers from “Having people on the ground, alongside the contacts and goodwill we have established over the past two years, has been critical in enabling us to This latest opening takes the Ho Chi Minh City, Hanoi and has rolled out educational pro- grammes for government and regulatory agencies, members of the local legal profession and law students to help build Myan- mar’s foreign investment know- partnership with the Myanmar NAdwdeftajcpdkuf Allen & Overy (A&O) &efukefwGifzGifhvSpfrnfjzpfaMumif;aMunm cJhonf/tqdkyg½kH;cef;tm; vGefcJhonhfESpfESpf ausmfu jrefrmEdkifiHtm; pD;yGm;a&;ydwfqdkYrI rsm;½kwfodrf;ay;&efBudK;yrf;cJhonfh Allen & Overy ASEAN group Ouú|jzpfol Simon Makinson u BuD;Muyfrnfjzpf aMumif;vnf; od&onf/ Allen & Overy (A&O) tae jzifh jrefrmEdkifiHwGif vGefcJhonfh ESpfESpf uwnf;upwifvkyfudkifcJhjcif;jzpfNyD;vuf&Sd wGifaps;uGufqdkif&mvkyfief;rsm;jzifhtvkyf ½Iyfvsuf&SdaMumif; od&onf/ US OFAC ESifh EU wdkY jrefrmEdkifiH tay: pD;yGm;a&;ydwfqdkYxm;rIrsm;ajzavQmh Edkifjcif;onf Allen & Overy (A&O) atmifjrifonfhrSwfwdkifwpfckjzpfaMumif; udkvnf; tqdkygukrÜPDOuú|rS ajymMum; cJhonf/ ThailandSeeksBusinessDevelopment withMyanmarThroughFairs T hailand is aiming to de- velop a stronger business relationship with My- anmar by organising business matchmaking fairs, a top Thai “Myanmar and Thailand are neighbouring countries and tighten the business relationship between two countries, we need more collaboration and coopera- tion in business,” said Boon Inti- One such fair, Thailand Week “Entrepreneurs from Thailand seek small and medium entre- So, we introduced Myanmar entrepreneurs with Thailand’s high quality businesses and There were also business con- claves at the Bizmatch Fair and Thai cuisine cooking sessions cial to improve the partnership Myanmar is a long-term busi- ness partner of Thailand, it makes sense to do more busi- ness collaboration with Myan- mar,” a Thai entrepreneur com- Pann Nu xdkif;EdkifiHtaejzifh jrefrmEdkifiHESifhpD;yGm; a&;qdkif&mqufqHa&;tm; ydkrdkcdkifNrJap &eftwGuf pD;yGm;a&;yGJrsm;usif;yaejcif; jzpfaMumif; xdkif;tBuD;wef;t&m&SdwpfOD; rS ajymMum;onf/ Thailand Week Bizmatch Fair 2014 tm; arv 4 &ufrS 5 &uftxd &efukefNrdKU wyfrawmf cef;rwGif usif;ycJhonf/ vankhanhco.com
  8. 8. May 15-21, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 8 Myanmar Summary Timothy Sifert F oreign lenders are expect- ed to receive requests for proposals on new bank- ing licences from the Central Bank of Myanmar as early as this month, the Southeast Asian nation’s latest step towards a - New banking licences, expect- ed as early as this year, will al- - has been opening up its mar- kets to foreign companies since the US and European Union started lifting economic sanc- The country granted telecom licences to Norway’s Telenor and Qatar’s Ooredoo earlier this such as Coca-Cola, General Electric, Unilever and Visa, have been introduced, or rein- At the same time, the Tokyo Stock Exchange and Daiwa Secu- rities Group are advising the cen- tral bank on the establishment of the Yangon Stock Exchange, ex- The lenders likely to get the United Overseas Bank, OCBC, SE Asia’s regional players – are expected to seek to licences, as “With companies like Coke and Unilever doing business here, it’s very encouraging,” said a source at a foreign bank are waiting just for RFPs (Re- Happy returns is returning to the country and Myanmar’s economy is expect- ed, with the help of FDI, to grow Coke opened a new bottling plant near Yangon in the mid- - thing permitted under the new foreign investment law, signed At the outset, new bank licen- sees will likely be limited in the types of business they can pur- sue, owing to regulations, as well as the fact that the banking and capital markets in Myan- Nonetheless, lenders see promise in the country, not least because it is located between India and China, the two most are naturally interested in a “As Myanmar moves to devel- - comes the opening up of Myan- mar to foreign banks, and we would be keen to tap on bank- ing opportunities there,” a DBS Another Singapore lender has “OCBC sees potential in Myan- mar,” said a spokeswoman at - ulations allow for banks to have the country, we will be keen to explore deepening our presence “A lot of what we do now is education,” the source at the rep we want to be in this market, why The central bank has been willing to seek outside advice A March report from the IMF said that authorities in the coun- try “are moving rapidly to issue introduction of licensed foreign - However, the authors of the report said that the central bank should limit the number of new because supervising more lend- ers than that would pose an un- “Once supervisory capacity has improved, further licences Myanmar “Committed” to Sustainable It is unclear how many licenc- es the central bank will ulti- uncertainties related to Myan- mar’s nascent markets, foreign banks have kept on opening rep - rean banks, including Shinhan Bank, Industrial Bank of Korea and Kookmin Bank, landed in Such an on-the-ground pres- advantage in working on Myan- - ing opportunities, even if their Wai Linn Kyaw M yanmar is “fully com- mitted” to green growth as it navigates a transi- tion to a more open country, a U Win Tun, union minister for environmental conservation and forestry, said at the Forests Asia Summit in Jakarta that the gov- ernment is “fully committed to climate change mitigation and sustainable forest management” as it seeks to transform itself po- litically, economically and social- Observers are keen to see whether Myanmar can main- tain the growth in its newly lib- eralised economy without dam- aging its forested landscapes – a path that many of its more- developed neighbours have tak- The minister also discussed development of production for- ests with the Indonesian Forestry “Myanmar wants to learn about the land concession system and ways to transform forest areas into a production forest from In- The Indonesian minister was expected to accompany U Win Tun to view the forest business that was started by state-owned - ested in the management of for- ests in Indonesia because it has similar forest conditions as Indo- U Win Tun said Myanmar is in- terested in studying the way In- donesia manages its forest areas to transforms them into a pro- duction forest, while also main- taining the environment and bio- Myanmar Summary authorities. OliverSlow whether Myanmar can maintain growth without destroying its forests. UAung/Xinhua jrefrmEdkifiHonf ydkrdkyGifhvif;onfhEdkifiH tjzpfodkY ul;ajymif;aeonfhtavsmuf tpdrf;a&mifzGHUNzdK;a&;tm; tjynfht0vkyf aqmifaeMumif; opfawmESifh obm0 ywf0ef;usifxdef;odrf;a&;jynfaxmifpk 0efBuD; OD;0if;xGef;rS *sumwmwGif jyKvkyf onfh Forests Asia Summit wGif ajymMum;cJhonf/ rS jrefrmEdkifiHonf jrefrm EdkifiHESifhqifwlonfh tif'dkeD;&Sm;EdkifiH opfawmrsm;pDrHrIudk pdwf0ifpm;vsuf&Sd onf/ ta&SUawmiftm&S aemufqkH;ay: aiGaMu;aps;uGufwpfckjzpfonfh jrefrm EdkifiHwGif EkdifiHwumaiGacs;olrsm;tae jzifh ,ckvtapmydkif;wGif jrefrmEdkifiH awmf A[dkbPfrS bPfvdkifpiftopf rsm; avQmufxm;EdkifaMumif; ac:pmrsm; &&Sd&ef arSQmfvifhaeaMumif; od&onf/ bPfvdkifpiftopftm; ,ckESpftapm ydkif;wGif csxm;ay;&ef arQmfvihfaeNyD; odkYrSomvQif EdkifiHjcm; vkyfief;rsm;tm; 4if;wdkY udk,fpm;vS,f&kH;rsm;rS wpfqifh vkyfudkifEdkifrnfjzpfonf/jrefrmEdkifiH ukrPDrsm;odkY tar&duefESifh Oa&my or*¾wdkY pD;yGm;a&;ydwfqdkYxm;rIrsm;tm; z,f&Sm;vdkufonfhvGefcJhonfhESpftenf; i,fuyif pwifvkyfaqmifaejcif;jzpf onf/ jrefrmEdkifiHtaejzifh aemfa0tajcpdkuf w,fvDaemESifhumwmtajcpdkuf tl&D'l; wdkYtm; ,ckESpftapmydkif;wGif vkdifpif rsm; csxm;ay;cJhonf/udkumudkvm? General Electric, Unilever ESifh Visa wdkYtaejzifh jrefrmEdkifiHtwGif;wGif 0ifa&mufvkyfudkifvsuf&SdNyD; tcsKdUrSm 0ifa&muf&ef jyifqifvsuf&Sdonf/
  9. 9. May 15-21, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 9 Myanmar Summary Thome Group Opens Myanmar Manning Agency S ingapore-based ship Thome Group has opened a crew recruit- ment and placement ser- vices agency in Myanmar in a bit to support its bur- geoning Southeast Asian shipping cluster, the com- Thome Myanmar is seen as an impor- tant step in the com- pany’s expansion into the growing economies of South- east Asia and posi- its full range of ship management ser- vices to the country, It will immediately enable Thome to tap into the vast wealth of seafarer potential that Myanmar has strong population, it Thome group chairman Olav Eek Thorstensen said: Phyo Aung Myint “The oil and gas sectors are also very important in this part of the world and here places the Thome Group in a good position to service the future needs of this and other growth He said establishing a manning operation in Myanmar underlines the group’s “commit- ment to this fast- moving and highly important seafarer recruitment mar- The Myanmar/In- dia/Sri Lanka region is seen as an area of massive potential growth for Thome, not only as far as crew recruitment and training is con- cerned but also in the supply of general shipmanagement services, the compa- Thome already em- crew from the region and it says it sees for expansion through the Michael Elwert, director of group HR, strategy and support at Thome Group, said seafarers from Myan- mar are “extremely quali- Thome Myanmar has received its manning agency and MLC licences and a programme of cadet recruitment has already - “Training is important to us and we have ap- pointed a regional train- ing manager who will oversee the training of such cadets and others from the Myanmar/In- dia/Sri Lanka region,” El- Thome was one of the companies to visit as part of an earlier Scandinavian Claes Eek Thorstens- en, president of Thome Group, said: “Thome quality ship management experience to this impor- tant market and we look forward to working even more closely with new and existing clients in the The company’s other expansions in Asia in- - registered LOC Seoul and Thome Group of Com- panies provides services ranging from ship man- - shore vessels, FSOs and FPSOs, port agency, ves- sel inspection, newbuild- ing site supervision, and As an independent in- ternational ship manager, - cal management serviced pure crew management the company said. shipmanagementinternational.com pifumyltajcpdkufoabFmpDrHc efYcGJa&;ukrÜPDjzpfonfh Thome Group taejzifhta&SUawmiftm &SoabFmvkyfief;pktm;taxmuf tyhHay;Edkif&eftwGufoabFmom; &SmazGa&;ESifhae&mcsxm;a&;0ef aqmifrIat*sifpDtm; jrefrmEdkifiH wGifzGifhvSpfrnfjzpfaMumif;aMu nmcJhonf/ Thome Myanmar taejzifh ta&SUawmiftm&SzGHUNzdK;vm aompD;yGm;a&;tajctaersm;wGif ukrÜPDcsJUxGifrIonfta&;ygaom jzifhjrefrmEdkifiHtwGufjynfhpkHaom oabFmpDrHcefYcGJrIvkyfief;rsm;ay; pGrf;EdkifrnfjzpfaMumif;od&onf/ is still lower than other neighbouring and re- gional countries, and the government should re- form the economic infra- structure to increase the The Myanmar govern- ment is now desperately trying to strengthen its ahead of the ASEAN Eco- goods and labour within the AEC is expected to - fore the ill-funded My- anmar SMEs who will be competing against their superior rivals in the re- jyefvnfjznfhwif;jcif;jzpfNyD;tqdkyg SMEs vkyfief;rsm;tm;vHkavmuf pGmacs;aiGay;Edkif&ef tjcm;aom EdkifiHwumtzGJUtpnf;rsm;rS vm a&mufyl;aygif;aqmif&GufrIrSm tm;enf;aeNyD; tpdk;&bPfwpfck wnf;rSomyHhydk;ay;jcif;aMumifhjzpf onf/ ]]vkyfief;wdkif;&atmifxkwfay; csifwJh oHk;ESpfMumumvwpfcktxd vkyfief;wpfckwnf;udk trsm;BuD; xkwfacs;ay;wmr[kwfbJ vkyfief; trsm;pkudk us,fus,fjyefYjyefYay; csifw,f/tcktpdk;&qDu&rSaiGacs; ay;vdkY&w,f/tjcm;tzJGUtpnf; Oyrm- JICA wdkYuvnf;acs;aiG &&ifydkaumif;w,f/vmurf;vSrf; wm&Sdayr,fh raocsmbl;}}[k SMIDB rS tBuD;wef;tBuHay; OD;pHodef;u ajymonf/ SMIDB onf jrefrmhpD;yGm;a&; bPfrS twdk;EIef; 8 'or 25 &mcdkifEIef;jzifhacs;NyD; jynfwGif;&Sd SMEs rsm;xH twdk;EIef; 8 'or 5 &mcdkifEIef;jzifh jyefvnfxkwfay; jcif;jzpfonf/tjcm;aombPfrsm; rSm twdk;EIef; 13 &mcdkifEIef;jzifh xkwfacs;vsuf&Sdonf/ vmrnfh 2014-2015 b@m a&;ESpfwGif SMIDB rS SMEs vkyfief;rsm;twGuf arvrS pwif umusyfaiG20bDvD,Hxkwfacs; oGm;rnfjzpfNyD; ,if;acs;aiGyrmP onf ,cifESpfb@ma&;xuf ESpfqydkrdkxkwfacs;jcif;jzpfonf/ ,cifESpfwGif jrefrmhpD;yGm;a&;bPf rS&&SdcJhaom usyfaiG 10 bDvD,H udk vkyfief;aygif; 62 ckodkY xkwf acs;ay;cJhonf/pufrIZkefvkyfief;&Sif rsm;toif;Ouú|OD;jrwfoif;atmif uvnf; ]]trsm;BuD;acs;ay;Ekdif &ifvnf; ydkaumif;w,f/ SMEs trsm;pkuudk,fydkiftaqmufttHk r&Sdwmrsm;w,f/tpdk;&taeeJYvnf; pGefYpm;rI,lNyD;vkyf&wm tcsKdUu 'Duacs;NyD; tjyifudk jyefacs;wm awG&Sdw,f/'gawGudk jyefppfaq;zdkY Mum;onf/
  10. 10. May 15-21, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 10 Myanmar Summary ment still needs to com- municate their plan that will align with public in- terests in simple and plain At this initial develop- ment stage of a country like Myanmar, it is very hard to show big tangi- What the government can do right now is sell hope public and earn their trust so that they can minimise public resistance along ment also needs a public The knowledge will give control to the people and control in turn will give hope to them in the fu- are several road junc- tions in Yangon without ers act desperately to es- drivers at junctions with are like a plan that will control the public and such control will spawn hope that they will escape the mess when the time highly capable leadership will bring public in the back seat of the leader’s car and will see the chal- lenges and opportunities ers have to earn trust and sympathy while driving along a bumpy road drive to achieve a common des- Former US President ership during an inter- view with Fortune maga- zine as “bringing people together in pursuit of a common cause, develop- ing a plan to achieve it, and staying with it until Myanmar leaders and policy makers can learn a lot of development les- sons from Vietnam and India to take the ad- vantage of being a “late mover” instead of invent- ing a “Myanmar way” (of course there will be some stunted the country for leadership will be having at hand, no matter who Myanmar leaders will face a troubled time in leading the change that Myanmar people has been yearning Kyaw Myo Htoon (John) standing Equity and Pro- in Myanmar. He is also a “ There are challenges too for My- anmar government to sell foreign currency bonds via international capital markets since it will be exposed to currency exchange rate risk. Nevertheless, under current circum- stances, it is the only viable solution to issue foreign currency bonds to spur the economic growth in years to come.” InitialCensusResultstobeReleasedinAugust Aye Myat M yanmar authorities will release in August the initial results of this year’s nationwide census conducted in March-April, U Khin Yi, minister for immigra- U Khin Yi made the disclosure at a press conference on the Census Enumeration at Yangon The preliminary results will include the census on popula- tion taken state-, region- and It is expected that the launch of the main population infor- The minister said all com- pleted questionnaires are now being retrieved from townships in a “swift, secure and safe man- He said there were about where counting was done households except some in the country’s restive northernmost Kachin state and western Rakh- ine state, according to the min- tracts in Kachin were not enu- In Rakhine state, three out of merated due to “non-response from Bengali community,” the minister said referring to the community otherwise interna- population of “Bengalis” in the live in Rakhine state, U Khin Yi collected data on current popu- ures, aimed at working out a na- He revealed that the prepara- tions for enumeration started lion “excluding an estimated census ones for security rea- UAung/Xinhua jrefrmtmPmydkifrsm;taejzifh ,ckESpf rwfvESifh {NyDvwGif wpfEdkifiHvkkH;wGif aumufcHcJhonfh oef;acgifpm&if; ueOD;&v'frsm;tm; Mo*kwfvwGif xkwf jyefoGm;rnfjzpfaMumif; od&onf/ vl0ifrIBuD;Muyfa&;ESifhjynfolUtiftm; 0efBuD; OD;cif&DrS &efukefwdkif;vTwfawmf taqmufttHkwGif 2014 Population and Housing Census Enumeration trnfjzifhjyKvkyfonfh owif;pm&Sif;vif; yGJwGif xdkodkYajymMum;cJhjcif;jzpfonf/ tqdkygueOD;&v'frsm;wGif oef;acgif pm&if;aumufcHonfh jynfe,f? wdkif;ESifh NrdKUe,fpm&if;rsm; yg0ifrnfjzpfaMumif; od&onf/oef;acgifpm&if;wpfckvkH; tcsuftvufrsm;tm; 2015 rwfv wGif xkwfazmfajymMum;EdkifrnfjzpfaMumif; vnf; 0efBuD;rS ajymMum;cJhonf/ xdkYjyif oef;acgifpm&if;wGif NyD;jynfhpkH pGmajzMum;xm;rIrsm;tm; ,cktcgwGif NrdKUe,frsm;rSwpfqifh vkHNcHKpGmjzifh NrdKUawmf aejynfawmfodkY o,f,laeNyDjzpfaMumif; aumufcHae&m 90ç000 teufrS 81ç000 tm; BuD;Muyfol 25ç000 jzifh vkyfaqmifcJhaMumif; ajymMum;cJhonf/ jrefrmEdkifiH 2014 EdkifiHvkH;qdkif&m oef;acgifpm&if;onf tdrfaxmifpk 10 'or 719 oef;tm;aumufcHcJhNyD; ucsif jynfe,f&Sd tcsKdUa'orsm;ESifh &cdkifjynf e,ftaemufzufa'orsm;udk aumuf,l Edkifjcif;r&SdaMumif; od&onf/ ucsifjynfEdkif&Sd aus;&Gmtkyfpk 25 pkrS aus;&Gm 97 &GmrSm aumufcHEdkifjcif;r&Sd aMumif;od&onf/&ckdifjynfe,fwGifc½dkif ig;ckteufrS oHk;cktm; b*FgvDvlrsKd;rsm; rSajzMum;jcif;r&SdonfhtwGufaumufcH Ekdifjcif;r&SdcJhaMumif; ajymMum;cJhonf/ wGiftokH;jyK&rnfjzpfNyD; tenf; i,faomaiGaMu;rsm;om yk*¾vd upD;yGm;a&;u@odkYa&muf&Sdum rnfh qdk;usKd;&&Sdrnfjzpf onf/ jrefrmtpdk;&taejzifhaiGaMu; vJvS,frIEIef;xm;rsm;tm; jyifqifNyD;onfhaemufEdkifiHw um aiGaMu;aps;uGufwGif EdkifiH jcm;aiGaMu;pmcsKyfrsm;a&mif; csEkdif&ef twGuf pdefac:rIrsm;ESifh BuHKawGUae&onf/ odkYaomfvuf&Sd tajctaersm; atmufwGifoifhavsmfonfhajz &Sif;csufwpfckonfEkdifiHjcm;aiG aMu;pmcsKyfrsm;tm;pD;yGm;a&; zGHU NzdK;rIESifhtwla&mif;csEdkif&ef jzpfonf/
  11. 11. May 15-21, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 11 Jon Springer W hen it comes to covering Fron- tier Market in- vesting, there are always Myanmar (formerly and this crossroads and may hold hot country status for a run of several years because the hopes for the country are high and the timeline to unlock the country from military dic- tatorship is likely to take A country of an estimat- - anmar is emerging from a Tatmadaw dictatorship - madaw is the name of of democratic reforms gained traction with the full and open democratic elections that might see Nobel Peace Prize Winner and former political pris- oner Aung San Suu Kyi - of a country emerging to- ward democracy is inter- esting, what gets investor Myanmar could be, and once was: - A country strategically located between India - A land of largely unex- ploited oil, gas and other natural resources lying in - A new venue for cheap labour, cheaper than most - A nation with long coastlines and a long un- der-utilised port network - A new good-sized mar- ket for goods from cell - A country of great spiritual importance now - A people in which its advocates see the “entre- preneurial spirit” neces- sary for successful capi- - A country with huge agriculture and aquacul- ture potential that was the worldwide number one exporter of rice from During a panel at the Milken Institute Global - ly, there was an excellent array of representatives panel was queried on why the country was now de- mocratising, the general consensus was: we should focus less on why and more on the process of encouraging both democ- ratisation and free mar- are some contradictions to the narrative that My- anmar is headed toward democratic free market success: - Under current law, the Tatmadaw automati- San Suu Kyi’s National League for Democracy - Under the current con- stitution, Aung San Suu Kyi cannot attain the of- her husband was a for- - The notion that Myan- exaggerated as relations have been normal with most Asian countries in- cluding Singapore and China while western Europe and the United States engaged in sanc- tions against the country - While the government states there are new press freedoms and has recent- ly passed new press free- dom laws, the local Daily Eleven Newspaper said, “Journalists do not fully protection under the two legislations, they remain under threats by oscil- lating law enforcement which can be manipulat- ed to fault and jail them journalists await trial for revealing state secrets by investigating a potential Progress On the panel at the con- ference were Ko Ko Gyi and Dr Min Zaw Oo, both members of earlier itera- tions of pro-democracy movements in Myanmar that respectively endured - The mere presence of these men on a panel rep- resenting Myanmar today Min Zaw Oo in fact now serves the government of Myanmar as director brings a wealth of experi- ence to the complexity of Myanmar’s peace nego- tiations with his resume including USAID election projects in Afghanistan, service to the US govern- ment-funded Political Instability Task Force, a - analysis and resolution and a MA from George- town University in securi- in a government that rec- to varying extents at the Under the peace process, Moreover, among Myan- - viously was armed con- The peace process does ignore the Rohingya population, a population that are not a recognised ethnicity and are receiv- from the human rights community recently There are also refugees and many ethnic groups in Myanmar scattered around the world from neighbouring Thailand to During the panel, Ko Ko Gyi stood out as the per- son who did not mince - ments include involve- ment with the pro-democ- made during the panel that may be of summary note to investors are: was people being upset that their country “has plenty of natural resourc- es… [yet] we are among the least developed coun- tries… we [could not] ac- cept such a situation… that is why we are against the single party dictator - “the political power and economic power are still in the hands of the old guys” - “democracy, peace and stability cannot be sepa- rated” - “[the] former mili- tary regime, why they change such a situation [from dictatorship to de- mocracy]? …democracy and market economy is the world trend… [the military] never got in- ternational credibility, international legitimacy; that’s why our army gen- erals are very clever how to deal with the interna- tional community… to get the legitimacy” - When people recog- nise positive changes in the country such as more media freedom, “we agree, the media chang- printed media are in the hands of proxies of the government… especially Myanmar Summary “ We as activists are commit- ted to our country to develop ... But, up to now, so many investments in our country [have] no transparency at all ... no- body knows how to sign a contract, how to share the benefits ...” BrentLewin/Bloomberg aps;uGuf&if;ESD;jr§KyfESHrIawG taMumif;a&;zdkYtwGufqdk emrnf BuD;aewJh EdkifiHawGuawmh tNrJ &Sdaeygw,f/jrefrmEdkifiH[mqdk&if EdkifiHtay:xm;&SdwJh jrifhrm;wJhqE´ awG?ESpfaygif;rsm;pGmwdkifppftkyfcsKyf rIatmufrSm &SifoefcJh&mu ½kwf csnf;ajymif;vJcJhwJh tjzpftysuf awGeJYtwl emrnfBuD;vmwJhEdkifiH jzpfygw,f/ cefYrSef;vlOD;a& oef; 60 &SdwJh EdkifiHwpfEdkifiHtaeeJY jrefrmEdkifiH [m 1962 wyfrawmf&JU tmPm odrf;rIuae vGwfajrmufay:xGuf vmNyDjzpfygw,f/2008 ckESpfrSm pwifcJhwJh EdkifiHa&;jyKjyifajymif;vJ rIrsm;[mqdk&if 2015 ckESpfrSm EdkA,fqk&Sif? EdkifiHa&;tusOf;om; a[mif;a':atmifqef;pkMunftae eJY or®w&mxl;udk &,lEdkifavmuf wJh,kHMunfrIrsKd;&Sdapavmufatmif udk yGifhvif;vmcJhygw,f/EdkifiHrSm 'Drdkua&pDa&mifjcnfoef;vmjcif; [m pdwf0ifpm;p&maumif;ae onfhwdkif jrefrmEdkifiHudk &if;ESD; jr§KyfESHolawGrsufpdusapwmuawmh atmufazmfjyygtcsufawGu t"dujzpfapvdrfhr,fxifygw,f/ - EdkifiH[m tdEd´,ESifhw½kwfEdkifiH tMum;rSmr[mAsL[mususwnf&Sd aew,f/ - EdkifiHrSm r&SmazG&ao;wJh a&eH? obm0"mwfaiGUeJYtjcm;o,HZmw awG[m zGHUNzdK;rIawGudk apmifhqdkif; aew,f/ - aps;enf;vkyfom;tiftm;pkudk tjcm;&&SdaewJhae&mawGxufudk wefzdk;enf;enf;eJY &&SdEdkifw,f/ - EdkifiH&JU &Snfvsm;wJhurf;½dk;wef; [m qdyfurf;uGef&ufwpfckjzpfay: vma&;twGuf zGHUNzdK;rIawGudk arQmf vifhaew,f/ - zkef;uae pm;aomufukeftxd ukefypönf;qdkif&m aumif;rGefwJh aps;uGufopfwpfck&Sdaew,f/ - EdkifiH&JU BuD;jrwfwJhtvSw&m;eJY Ak'¨bmom0ifawG&JU odrfarGUwJh pdwfoabmxm;awGu c&D;oGm; vkyfief;twGuf ta&;ygwJhae&m u yg0ifaeygw,f/ -pGefYOD;wDxGifolpdwf"mwf&SdolwpfOD; taeeJYatmifjrifwJhvkyfief;wpfck taeeJY xlaxmifEdkifwJhEdkifiHwpfck jzpfw,f/
  12. 12. May 15-21, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 12 Cracks Appear in US Myanmar Rapprochement New legislation signals growing concern over the Obama administration’s Myanmar policy R ecent legislation intro- duced to US Congress to put conditions on US co- operation with Myanmar’s mili- of emerging dissatisfaction with President Barack Obama’s rap- prochement policy with the The bill was sponsored in the House of Representatives April Subcommittee on Asia and the - cerns that the Obama admin- istration, having begun limited cooperation with Myanmar’s military, is moving too quickly without demanding reforms - er bipartisan House and Senate legislation and follows enact- ment of language in a funding law limiting spending for assis- Myanmar’s military is notori- ous for atrocities including de- stroying villages, using villagers - er concerns include Myanmar’s military ties with North Korea and continuing government So far, US cooperation with Myanmar’s military has been allowing observers during the last two Cobra Gold region- al military exercises, human rights talks, and exchanges and workshops on such goals as promoting civilian control included exchanges with My- anmar military leaders, judge on human rights law and law of In addition, Myanmar was Secretary Chuck Hagel invited to participate in last month’s meeting of Association of Southeast Asian Nations de- fense ministers in Hawaii, the publicly cited the importance of working with Myanmar’s mili- of law and promoting security sector reform are essential el- State Department Senior Ad- visor for Burma Judith Cefkin told Chabot’s subcommittee in “Voices from across Bur- mese society – including civil society, ethnic minority repre- Steve Hirsch sentatives, and members of the government and political oppo- sition – are urging us to engage with the Burmese military and civilian police force to teach new models of conduct that help make the security services a stakeholder in the success of “We believe that carefully calibrated military-to-military engagement to share lessons on how militaries operate in a democratic framework will strengthen the hand of reform- However, Chabot, in an inter- view, called it “naïve” to think Myanmar’s leaders will be con- vinced to follow the appropriate path simply by asking them to do so and continuing to “giving them all the goodies without ac- tually requiring them to follow The Chabot-Crowley bill would tie funding for certain types of security assistance to military and other reforms in funding unless the secretary of has met conditions related to reforming its military, ending military ties to North Korea, opening the process of amending the constitution and opening elections, getting the military out of commercial businesses, and working to end would have to show that My- anmar’s army is improving its human rights performance, ceasing attacks on ethnic mi- nority groups, moving to with- and signing and implementing Chabot dismissed the defense that US cooperation with My- The military, he said, is such - mar and its government, and its abuses have been so substan- tial “that having them reform is such a critical element that without that happening, the rest of it really doesn’t matter all that much, when you’re talk- ing about the lives that are ac- “So it’s critical that we insist on the reform of the military and it essentially cleaning up its act and stopping all the human rights abuses, we need to insist on that at every level and that should be a key aspect of our in- teraction with the government,” Backers of placing conditions on military cooperation are not asking the administration to ignore Myanmar’s military, which still wields substantial Keith Luse, a well-regarded former Senate Foreign Rela- has also called for linking mili- - forms, expressing his personal opinion, has cited the need for the US government to deal with He told a Heritage Founda- tion session in October that US-Myanmar military relations should be contingent on meas- urable reform benchmarks in- cluding a wide range of human rights issues and ending Myan- mar’s military relationship with In addition, though, he said progress and reform in Myan- mar “are more likely to acceler- ate with substantive mil to mil engagement and confrontation, due in part to the disdain often held toward professionals with- in Burma’s Foreign Ministry by “Over the long-term,” he said, “communication exclusively be- tween the United States, others in the international community leadership will have incomplete He also said before proceed- ing on a long-term plan, Hagel must be fully informed on the Myanmar-North Korea mili- tary relationship and on the status of Myanmar’s nuclear, biological, chemical and missile programs – “points where the international community has been dismal in expressing inter- - tions to be answered on this subject, such as which Myan- mar military or other projects have involved North Korean - jects or facilities with North Ko- reans present that have played a role in the development of My- anmar’s missile or nuclear pro- grams, countries that knowingly or not have helped Myanmar’s nuclear and missile programs, and the range of military equip- ment and weapons provided or in the works to be provided by Jennifer Quigley, executive director of the US Campaign for Burma, called the Chabot bill “a message to the administration that they have not been clear, they’ve not laid out a roadmap – not just to Congress, but to the Burmese – as to what this engagement with the Burmese military is about, what they hope to accomplish with that Murray Hiebert, a senior Southeast Asia specialist at the Center for Strategic and Inter- national Studies in Washing- ton, raised concerns about the bill but acknowledged that it shows a drop in support for the He said the bill’s backers are “trying to constrain something that is so tiny, you can’t even He called administration ef- forts so far “really very mini- mal,” consisting of talks, mostly on human rights issues and rules of engagement, but no “It’s engagement basically on human rights issues, now why how the United States could promote democracy, human rights and reform “if we can’t even talk to the most powerful The bill’s introduction comes as scepticism is growing about the reality of change in Myan- mar, which has led to questions about whether the administra- Although Myanmar has seen end of junta rule, anti-Muslim - ing with ethnic groups contin- ues, and doubts are rising about there is increasing expectation that opposition leader Aung San Suu Kyi will be barred from Chabot said he sees “consid- erable concerns” by himself and others about the administra- tion’s Myanmar policy and said “I think that they have been too hasty and been too willing to overlook all the evidence on the ground that the military, in particular, is not living up to its “ I think there is, probably, a diminu- tion of support. I think earlier on they gave them ... a sort of blank check – you know what you’re doing, carry on – and now people are asking more ques- tions, and it goes beyond the military.” LarryDowning/Reuters
  13. 13. May 15-21, 2014 Myanmar Business Today mmbiztoday.com REGIONAL BIZ 13 Myanmar Summary ThaiRubberFarmersSaytoProtestAgainstGovtPlan Apornrath Phoonphongphiphat T hai rubber farmers will protest against the government’s tonnes of rubber from its stocks as they fear the sales will drag falling pric- es down further, the head of a group representing farmers of the commodity Top global rubber producer Thailand had planned in April to sell of rubber it had bought were made last month, but caretaker Agriculture Minister Yukol Limlaem- thong told Thai media last month the stocks would be released soon to avoid “We will submit an open letter to the government this week, asking them to hold the plan to sell the Boonsong Nabtong, head of the Federation of Rub- ber Planters Association The Federation groups several rubber coopera- tives across the country - He added farmers would gather in Bangkok to voice their concerns about fall- ing prices and to force the government to stop adding more supply in the market “To sell the stocks is to kill farmers indirectly and we are telling the govern- ment that we don’t want to be killed by this policy,” time rubber farmers are several protests in Octo- ber and November last year, demanding action to A far more controver- sial rice-buying scheme stoked massive protests from farmers late last year and this year when the government failed to rubber stocks the govern- ment has said it plans to sell are smoked rubber sheets bought from farm- - port prices in the domes- Yukol said he planned to release the rubber stocks in April when the seasonal dry weather cut rubber supply, in a bid to However, the dry sea- son in March-April in key global rubber produc- ers Thailand, Indonesia and Malaysia has failed to check the declines in physical rubber prices, which are being pres- sured by falls in Tokyo Benchmark TOCOM futures are down more on fears about falling demand in China, the world’s biggest rubber benchmark grade Thai smoked rubber sheet Reuters Visa Crackdown Risks Stranding Phuket Expats in Myanmar ChrisHusted/PhuketGazette Chutharat Plerin OImmigration last the Phuket Gazette that they are turning away any foreigners attempting to enter Thailand after using three consecutive “walk- The news follows re- ports of immigration of- Phuket expats on visa runs to Ranong from exit- Phuket, has for decades been a prime destination for foreigners conducting “We began enforcing - urday] after receiving an order from Bangkok,” an - gration told the Gazette on condition of anonym- “We have already spo- ken with several foreign- ers and strongly advised that they do not exit Thailand to arrive in Kau- thaung [in Myanmar], as there is no Thai embassy “We explained that if they went and tried to re- enter Thailand without a Thai embassy or consu- late, we would have to re- fuse them entry because they would have already entered Thailand three consecutive times on ‘visa Any foreigners who ig- nore the advice risk being stranded in Myanmar, the that the crackdown on the “three-visa-and-out rule” was aimed at catching foreign criminals staying in a crackdown on expats and tourists who keep re- newing their visas so that they can live in Thailand for the wrong reasons,” “Some foreigners live here and form their own ‘networks’ to carry out il- the people we are target- ing are known associates of international crimi- Visa run companies in “These companies can explain the rules to for- eigners before they book them on a visa run,” he any problems at the Ra- “As I said, this is just the to root out foreign crimi- be tougher than this one, but law-abiding foreign- ers should be aware that we are not picking on any particular nationalities – criminals are the ones we Any foreigners caught overstaying their permit to stay are subject to a Foreigners caught grossly abusing the maxi- risk being deported and added to the immigration blacklist, barring the for- eigner from re-entering Myanmar Summary DarioPignatelli/Bloomberg wdkYtaejzifh tpdk;&&mbmwefcsdef ESpfodef;a&mif;cs&ef pDpOfaerIonf &mbmaps;EIef;rsm; xyfrHusqif; apEdkifonfhtwGuf qE´jyrnfjzpf aMumif; ajymMum;cJhonf/ xdkif;EdkifiH tBuD;qkH;&mbm xkwfvkyfonfhukrÜPDwpfckonf &mbmpdkufysKd;olrsm;xHrS 0,f,l xm;onfh &mbmwef ESpfodef; tm;a&mif;cs&ef{NyDvtwGif;u pDpOfcJhjcif;jzpfonf/ xdkYaMumifh &mbmpdkufysKd;olrsm;onf ,cif ESpf atmufwdkbmESifh Edk0ifbm twGif;uvnf;qE´jyrIrsm; jyKvkyf cJhNyD; aps;EIef;usqif;aejcif;tm; &yfwefYay;&ef awmif;qdkcJhMuonf/ &mbmuJhodkYyif qefpyg;pdkufysKd; olrsm;onfvnf; tpdk;&aiGay; acsEdkifao;jcif;r&Sdao;ay/ tpdk;&rS a&mif;cs&efpDpOfaeonfh tqdkyg&mbmwefcsdefESpfodef;onf 2012 ckESpf atmufwdkbmvESifh 2013 ckESpf rwfvtwGif; jynf wGif;&mbmaps;uGuftm; axmufyHh ay;&ef 0,f,lcJhjcif;jzpfonf/ xdkif;EdkifiH RanongImmigration rSwm0ef&Sdolrsm;onf xdkif;EdkifiH odkY 0ifa&mufonfh rnfonfhEdkifiH jcm;om;udkrqdk “walk-in” visas okH;rsKd;tm;tokH;jyKNyD;ygurnfonfh ADZmrQxkwfay;awmhrnfr[kwf a Mumif; aMunmcJhonf/ vl0ifrIBuD;Muyfa&;t&m&Sdrsm; tqdkygxkwfjyefcsufonf Phuket rS Ranong odkY xdkif;EdkifiHrS xGufcGm um ul;oef;aeonfh EdkifiHjcm; om;rsm;tay:wGif tusKd;ouf a&mufrnfjzpfonf/Ranong NrdKU onf Phuket awmifbufrS uDvdk rDwm 400 cefYuGmNyD; EdkifiHjcm;om; rsm;ADZmvdrfvnf&,lrItwGuf ESpfq,fpkESpfrsm;pGmuyif vkyf aqmifaeonfht"duae&mwpfck jzpfonf/ wm0ef&Sdolrsm;rS rnfonfhEdkifiH jcm;om;rqdk tqdkygowday;csuf tm; vpfvsL&Ium jrefrmEdkifiH twGif; 0ifxGufaeolrsm;tm; owday;jcif;vnf;jzpfonf/wm0ef &Sdolrsm;rStqdkygvkyfaqmifcsuf onf xdkif;EdkifiHwGifaexdkifNyD; ADZm vdrfvnf&,laeonfh EdkifiHjcm; om;'kp½dkuform;rsm;tm; zrf;qD; Edkif&efvkyfaqmifjcif;jzpfaMumif; &Sif;jyxm;onf/ Phuket wGif ADZmvkyfay;ae onfhukrÜPDrsm;tm;vnf; tqdkyg vkyfaqmifcsuftwGuf owday; csufrsm;xkwfjyefxm;aMumif;tqdkyg wm0ef&SdolrS ajymMum;onf/ xdkif; EdkifiHwGifADZm&ufausmfaexdkifonfh rnfonfhEdkifiHjcm;om;rqdk?awGU&Sd ygu wpf&ufvQifxdkif;bwf 500 'PfaiGay;aqmif&rnfjzpfNyD; tjrifhqkH;taejzifhbwfESpfaomif; ay;aqmif&rnfjzpfonf/ 'PfaiGtjrifhqkH;ay;aqmifNyD; jzpfonfh EdkifiHjcm;om;rsm;tm; EdkifiHrS xGufcGmaprnfjzpfNyD; EdkifiH odkYjyefvnf0ifa&mufEdkifjcif;r&Sd ap&ef vl0ifrIBuD;Muyfa&;wGif trnfysufpm&if;oGif;rnfjzpf aMumif;udkvnf; owday;xm; onf/
  14. 14. May 15-21, 2014 Myanmar Business Today mmbiztoday.com REGIONAL BIZ 14 Myanmar Summary More Chinese Cities Ease Grip on Housing As Economy Stutters Xiaoyi Shao and Koh Gui Qing M ore Chinese cities are rolling out measures to encourage home purchases, in a sign that local governments are increasing ef- forts to safeguard an important driver of growth in China’s fal- The loosening of home pur- chase rules in the eastern city of Tongling in Anhui province and Ningbo, the coastal city of eastern Zhejiang province, fol- lows several other smaller stim- ulus steps in recent weeks to juice the world’s second-biggest Tongling has introduced steps including providing tax subsi- cutting down-payment rates to select buyers, the city govern- Ningbo has also relaxed home purchase restrictions, the of- newspaper reported, quoting a meeting held by a local industry By relaxing the rules, local policy of reining in China’s frothy property market, under- scoring policymakers’ resolve to support an economy growing at Analysts believe the health of China’s property market will shallow or deep downturn, not- ing that the real estate sector the country’s total annual eco- China’s growth engine has lost steam in the past year, squeezed by lacklustre demand for ex- ports and the government’s push to cut its own investment Given slackening growth, Bei- jing will likely back local gov- housing market lest a collapse in prices jolts the economy and undermines its reform drive, “If property activity weakens government may allow vari- ous local governments to relax home purchase restrictions and cut down the current hefty down-payment requirements,” economists at UBS said in a The latest moves follow recent similar measures by three other cities – the southern city of Nan- ning, the eastern city of Wuxi and the Xiaoshan district in the east- ern city of Hangzhou – to ease A cooling property market pressures the incomes of local governments, which depend on the real estate sector for a sub- Data from the land ministry showed in April that residential The steps in the housing mar- ket join other measures by Bei- jing to shore up the economy, even though it has ruled out the Recent measures include the relaxation of reserve require- ments for some rural banks, tax breaks for more companies to support job creation, and speeding up investment in rail- Reuters Bangladesh April Third Straight Month Ruma Paul M oney sent home by Bangladeshis work- ing overseas in April Millions of expatriate Bang- from the same period the pre- vious year, central bank data have dropped over the last few months because of political tur- moil in the months leading up Fewer Bangladeshis are also going abroad to work as jobs have dried up in traditional markets such as in Middle East- year-on-year increase since last Strong remittances in recent years have helped build foreign exchange reserves that stood at - from local commercial banks to stem an appreciation in the do- billion in remittances in the - million citizens abroad are criti- cal for the impoverished nation and are a key source of foreign exchange, alongside garment percent of total export earnings Bangladesh’s economic growth expected to be slower than the - Reuters Myanmar Summary RomeoRanoco/Reuters EdkifiHjcm;wGif oGm;a&mufvkyfudkifae onfh b*Fvm;a'h&SfEdkifiHom;rsm; rdcif EdkifiHodkY aiGydkYrIonf {NyDvwGif 3 'or 2 &mcdkifEIef; jrifhwufcJhNyD; okH;vquf wdkuf jrifhwufcJhum tar&duefa':vm 1 'or 23 bDvD,H &&SdcJhaMumif; od& onf/ oef;csDonfhb*Fvm;a'h&SfvlrsKd;rsm;onf vuf&Sdb@ma&;ESpf yxrq,fvjzpf onfh ZlvdkifrS{NyDvtwGif; tar&duef a':vm 11 'or 73 bDvD,H aiGvTJ ay;ydkYcJhMujcif;jzpfNyD; tqdkygyrmPrSm ,cifESpfatmuf 4 'or 8 &mcdkifEIef; avQmhuscJhaMumif; A[dkbPf pm&if; rsm;t& od&onf/,cifESpftenf;i,f twGif;&SdcdkifrmonfhaiGvTJrIrsm;onf Edkif iHjcm;aiGvJvS,f? pkaqmif;a&;tm;rsm;pGm taxmuftul jzpfapcJhonf/ w½kwfEdkifiH&Sd a'oqdkif&mtpdk;&tzGJU rsm;taejzifh ,dkifeJYaeNyDjzpfonfh w½kwf pD;yGm;a&;wdk;wufrI t"duusonfh armif;ESiftm;wpfckjzpfonfh tdrfNcHajr vkyfief;tm; tumtuG,fay;rIrsm;wdk;csJU vsuf&Sd&m w½kwfEdkifiHNrdKUawmftrsm;pk wGif tdrf0,f,lrIqdkif&mpnf;urf;csufrsm; tm; avQmhcsvdkufaMumif; od&onf/ Anhui jynfe,f&Sd Tongling NrdKUESifh Zhejiang jynfe,fta&SUbufjcrf;&Sd urf;½dk;wrf;NrdKUjzpfonfh Ningbo NrdKUwdkY wGif tdrf0,f,lrIqdkif&m pnf;urf;csuf rsm; ajzavQmhay;cJhNyD; urÇmh'kwd,tBuD; qkH;pD;yGm;a&;tm;yHhydk;&ef vkyfaqmifvsuf &Sdonf/ Tongling wGif yxrqkH;tdrf0,f,l olrsm;tm; tcGefacs;aiGrsm; axmufyHh ay;jcif;? 0,f,loltcsKdUtwGuf vufiif; aiGacsrItm; 20 &mcdkifEIef;rS 30 &mcdkif EIef;txd avQmhcsay;jcif;wdkY jyKvkyfcJh aMumif; tqdkygNrdKUtkyfcsKyfa&;rS xkwf jyefxm;onf/Ningbo taejzifhvnf; tdrf0,f,lrIuefYowfcsufrsm;tm; ajz avQmhay;xm;aMumif; w½kwftpdk;& owif;pmwGif azmfjyxm;onf/ ajr,m0efBuD;Xme {NyDvtwGif; tcsuftvufrsm;t& vlaexkdifonfh ajr,maps;EIef;azmif;yGrIrsm;onf ESpfESpf twGif; yxrokH;vywfwGif yxrqkH; tBudrf usqif;cJhaMumif;od&onf/ ukrÜPDrsm;tvkyf zefwD;ay;rItm; axmufyHhay;&eftcGeftm;jzwfawmufay; jcif;ESifh rD;&xm;o,f,lydkYaqmifa&;wGif &if;ESD;jr§KyfESHrIrsm;wdk;jr§ifhjcif;wdkYyg0ifonf/ A pedestrian checks her watch as she walks past an advertisement for a real estate company near the Dalian International TomohiroOhsumi/Bloomberg
  15. 15. May 15-21, 2014 Myanmar Business Today mmbiztoday.com REGIONAL BIZ 15 Myanmar Summary Matthew Miller E ntrepreneur Wang Jing is little-known outside China, but the turnaround of his core telecoms business shows he is a well-connected Wang’s key compa- ny, Beijing Xinwei, was venture between China Academy of Telecommu- nication Technology and Cwill Telecommunica- tions, a US entity set up by former Beijing Xinwei The company helped homegrown wireless technologies, including the mobile communica- tions standard, TD-SCD- Xinwei was foundering, with reported revenue for Wang said he was con- tacted by a friend, Wang - came an early investor - Wang initially helped - - - lion shares later placed in Xinwei with my own money, without the help of friends or family,” he Since Wang’s arrival, Beijing Xinwei has made company has gained ven- the General Armament Department of the Peo- - AlexanderFYuan/AP ple’s Liberation Army and the State Commission of Science and Technology, allowing it to sell equip- ment and services directly to the Chinese military It continues to build public telecom networks, along with private net- Key enterprise desig- nation Beijing Xinwei is clear- ly well-regarded by the central government min- istries, including the Na- tional Development and Reform Commission, the Ministry of Industry and Information Technology and the Ministry of Fi- nance, jointly designated the company a key soft- ware enterprise for stat planning, giving it a pref- erential corporate income - velopment Bank also “ My special contribution has been hard work. I arrived at Xinwei 4 years ago, and since then I haven’t rested. I eat and live at the office. My life is about work.” granted Beijing Xinwei a - - port the company’s “going In the last three years, Beijing Xinwei has inked global deals to build tel- ecoms networks in Myan- mar, Cambodia, Ukraine, - bodia project, which is rolling out a mobile net- work and wireless ser- vices through Xinwei’s local subsidiary CooTel, credit guaranteed by Chi- na Development Bank, yuan US dollar credit fa- from China Construction - “Xinwei has gained the government’s trust, and some government sup- port, but this is entirely because Xinwei’s technol- ogy is advanced and, more importantly, because Xin- wei’s technology is the intellectual property of a Chinese company,” said a US company it would receive the same kind of support from the US gov- reported operating in- - Last September, Bei- jing Xinwei and Beijing Zhongchuang Telecom Test Co, a Chinese maker of network testing devic- es, announced their in- tention to undertake the biggest reverse takeover in Chinese stock market The deal, which may be - mer, now calls for Beijing - cent of its shareholding, yuan, into Beijing Zhong- chuang, in exchange for support new projects and settle some high-interest At the deal’s close, Bei- jing Xinwei shareholders Wang Jing himself will Wang and his colleagues have added a sweetener, Beijing Xinwei’s underly- over the next three years, Beijing Zhongchuang percent in the month fol- lowing the takeover an- nouncement, have since “My special contribu- tion has been hard work,” since then I haven’t rest- Reuters Bangkok Bank Cuts 2014 Loan Growth Target Manunphattr Dhanananphorn B angkok Bank Pcl, Thailand’s larg- est lender by as- - cent from 5 percent to re- outlook and the impact from prolonged political The revision was based on assumption that the country’s economy will and the bank’s non-per- forming loans will remain stable at the current level loans at the end of this year, President Chartsiri Sophonpanich told re- porters at a sideline of a Separately, Teeranun Srihong, president of Kasikornbank, said the country’s fourth-largest lender is maintaining its demand from large cor- porate clients, especially in the infrastructure, en- Reuters DarioPignatelli/Bloomberg Myanmar Summary xdkif;EdkifiH tBuD;qkH;aiGacs; bPfjzpfonfh Bangkok Bank Pcl wdk;wufrI 3 &mckdifEIef;rS 5 &mcdkif EIef;tm; 5 &mcdkifEIef;wGif jzwf awmufvdkufNyD; EdkifiHtm;enf; vmonfh pD;yGm;a&;tajctaeESifh EdkifiHa&;rwnfNidrfrItm;jyovsuf &Sdonf/ tqdkygjyifqifrIonf EdkifiHpD;yGm; a&;udk ,ckESpftwGif; ESpf&mcdkifEIef; wdk;wufEdkifonfhtay:wGiftajccH jcif;jzpfNyD;bPftvkyfrvkyfonfh acs;aiGonf vuf&Sdacs;aiGyrmP ESpf&mcdkifEIef;jzifh,ckESpfukeftxd wnfNidrfEdkifaMumif; bPfOuú| Chartsiri Sophonpanich rS ajymMum;xm;onf/ pGefYOD;wDxGifol Wang Jing tm; w½kwfEdkifiHjynfywGif vlod oG,fa&;vkyfief;tm; Munfhjcif; a&;a&ay:pDrsm;ESifhtquftoG,f &SdaMumif; odEkdifonf/ Wang t"duukrÜPDjzpf onfh Beijing Xinwei tm; 1995 wGif China Academy of Telecommunication Technology ESifh ,cif Beijing Xinwei Ouú|jzpfol ChenWei Cwill Telecommunications wdkYrS tusKd;wlyl;aygif;um wnf axmifcJhonf/ tqdkygukrÜPDtaejzifh w½kwf EdkifiHyxrqkH;jynfwGif;BudK;rJh enf;ynmrsm;jzpfonfh TD- SCDMA tm; ulnDzefwD;cJh onf/odkYaomf2010 wGif Beijing Xinwei onf tqdkygESpfwGif ,Grf 133 'or 8 rDvD,H (tar&d uefa':vm 21 'or 56 rDvD,H) ESifhtom;wiftjrwf,Grf327oef; (tar&duefa':vm 526ç900) &&SdcJhonf/ Wang vkyfief;wGif olvkyfief; Bonanza Investment Group Ltd rSwpf qifh tapmydkif;&if;ESD;jr§KyfESHcJhol Wang Qinghui qdkaom oli,f csif;rSwpfqifh oduRrf;cJhjcif;jzpf aMumif; od&onf/ Wang tae jzifh Bonanza tm; ,Grf 130 'or 8 oef;&&Sdap&efulnDay; cJhNyD; &S,f,mtopf oef; 120 tm; xkwfa&mif;cJhonf/
  16. 16. May 15-21, 2014 Myanmar Business Today mmbiztoday.com INTERNATIONAL BIZ 16 Myanmar Summary Myanmar Summary Siemens Unveils Overhaul, Q2 Disappoints on Energy Charges Noah Barkin G erman engineer- ing giant Siemens unveiled a long- awaited strategic over- haul in a bid to catch up - vals, as it posted weaker- than-expected quarterly earnings last week, hit by charges in its energy busi- The Munich-based Kaeser has been working on the new strategy since taking power last summer following a boardroom coup that pushed out his predecessor Peter Loe- scher following a series of The company an- nounced that it was buy- ing energy assets from Rolls-Royce for roughly - majority stake in its Aus- trian metals business to Japan’s Mitsubishi Heavy Industries for undisclosed Siemens also said it was streamlining its divisional its hearing aids business and separating out man- agement of its health- care business – all steps aimed at strengthening - The earnings and stra- tegic revamp, dubbed Siemens mulls a formal - ness of French rival Al- stom, which has already received a bid from US gi- Under former CEO Loe- scher, Siemens went on an aggressive drive for growth, leaving it lum- bered with a complex Return to roots veteran of Siemens who previously served as its to restore the sense of pride at a company that has lagged big competi- tors like GE and Philips in terms of innovation and In a signal that Siemens is returning to its proud roots, Kaeser is mak- ing his presentation at - mensstadt” industrial complex in Berlin, which was the site of its head- quarters between the two - - project charges related to two high-voltage di- rect current transmission - “The second quarter showed that we still have a lot to do to improve our operating performance,” - less we are on course to reach our targets for the - earnings per share by at Wai Linn Kyaw W hile the US gov- ernment, under the Fair Labor Standards Act, does not currently require employ- ers to grant employees who do earn vacation time may need a reminder According to Glass- - the average US employee (of those who receive va- his or her eligible vaca- addition, when employ- Each quarter, the Glass- door Employment Con- four key indicators of salary expectations, job security, the job market This quarter’s survey also took a look at em- ployee vacation time, in- cluding the percentage of eligible vacation time/ actually take, how much they work and why while on vacation, among other realities While most employ- ees may be using at least some of their earned va- cation time, three in four - - ployees who receive vaca- no vacation/paid time - or less of their eligible Plus, when employees vacation, that doesn’t necessarily mean they’re catching up on rest and - ees who took vacation in they used vacation/paid this more than any other So why are employees working while on vaca- tion? Of those who report working while on vaca- tion, they say they do so one else at my company - Complete dedication to FabrizioBensch/Reuters tar&duefEdkifiH Fair Labor Standards Act t& tpdk;&tae jzifhtvkyf&Sifrsm;onftvkyform; rsm;tm; tvkyfcsdefjyifywGif vkyfc ay;&ef rvdktyfaomfvnf; tm; vyf&ufwGif tvkyfvkyfudkifonfh tvkyform;rsm;taejzifh xdkodkY vkyfaqmif&eftoday;csufvdktyf aMumif; od&onf/ G l a s s d o o r 2014 Employment Confidence Survey yxrokH;vywfavhvmrI t& tm;vyf&uf,laom omref tar&dueftvkyform;rsm;onf EIef;udkom &,laMumif; awGU&Sd& onf/ xdkYtjyif tm;vyf&uf,l onfh tvkyform; 5 OD;rS 3 OD; wGif (61 &mcdkifEIef;) onf tqdkyg tm;vyf&ufwGiftjcm;tvkyfrsm; vkyfudkifaMumif; 0efcHxm;onf/ oHk;vywf wpf ck pD t wGuf Glassdoor Employment taejzifh tvkyform;rsm; cefYrSef;vpm? tvkyfcGifvkHNcHKa&;? tvkyfaps; uGufESifh ukrÜPDtajctaersm; tm; tajccHxm;avhvmjcif;jzpf onf/ *smreDukrÜPD Siemens tae jzifh,ciftywfucefYrSef;onfxuf avQmhusonfhokH;vywf0ifaiGpm&if; udk xkwfjyefNyD;aemuf ydkrdktusKd; tjrwf&&Sdaprnfhr[mAsL[mrsm; tm; csjycJhonf/ ukrÜPDtaejzifh ,l½dkaygif oef; 950(tar&duefa':vm 1 'or 32 bDDvD,H)wefzdk;&Sd &S,f,mrsm; tm; Rolls-Royce rS 0,f,lrnf MopaMw;vsowåKvkyfief;rS&S,f,m trsm;pktm; *syefEdkifiH Mitsubishi Heavy Industries tm; vTJajymif; rnfjzpfaMumif;udkvnf; aMunm cJhonf/ rwfv 31 &ufwGif NyD;qkH;cJh onfh'kwd,okH;vywfb@ma&;ESpf wGif pkpkaygif;u@tvdkuftjrwf (odkY) xkwfvkyfrItjrwftaejzifh ,l½dkaygif 1 'or 57 bDvD,H &&SdcJhNyD; tjrwfpkpkaygif; ,l½dkaygif 17 'or 45 bDvD,H &&SdcJhonf/ pGrf;tifu@taejzifh uae'g EdkifiH&Sd high-voltage direct current transmission (HVDC) pDrHudef;ESpfckonf ,l½dkaygif oef; 310 ukefusonfhtwGuf tjrwf aiG 54 &mcdkifEIef;? ,l½dkaygif 255 oef; usqif;cJhonf/ Reuters
  17. 17. May 15-21, 2014 Myanmar Business Today mmbiztoday.com INTERNATIONAL BIZ 17 Myanmar Summary Myanmar Summary Ford Suspends Vehicle Assembly in Venezuela Eyanir Chinea U S automaker Ford has halted opera- tions in Venezuela due to a lack of foreign currency to import parts for assembly, workers at Like other private busi- nesses in Venezuela, car- makers have been com- plaining that the socialist government’s currency controls are preventing them from importing es- sential products due to restrictions and delays in Workers, who spoke to Reuters on condition of anonymity, said the plant in the central city of Va- lencia would be paralysed Transport Minister Haiman El Troudi con- plant but said it should reopen in two weeks after a meeting between Ford representatives and gov- - solved some “critical bot- Toyota Motor Corp halt- ed vehicle assembly in Venezuela in February for Venezuela’s struggling quarter production fall vehicles, compared with to national automakers’ Ford assembled only Automobiles are just one sector of many where President Nicolas Ma- duro’s government is fac- ing clamour to release He says unscrupulous businessmen exaggerate - lars on the black market A worker at a Ford assembly plant. Bloomberg But nevertheless min- isters are holding urgent meetings with business heads to try and resolve problems and help re- verse the slide in local Venezuela operates three exchange controls - lar for preferential goods, for other sectors via two Central Bank mecha- The dollar is trading at the black market, accord- ing to illegal web sites General Motors, Mit- subishi, and Fiat Chrysler also have assembly plants Reuters US, Singapore Reach Agreement on Tax Evasion Patrick Temple-West & Rachel Armstrong S ingapore has reached a tax in- formation-sharing agreement with the Unit- ed States under a new law tax dodging by Ameri- cans, a US Treasury De- partment spokeswoman The deal, which was ex- pected for more than a year, will make it much easier for institutions in one of Asia’s biggest wealth management cen- tres to comply with US rules, and puts it ahead of rival Hong Kong which is - count Tax Compliance Reuters require foreign banks, investment funds and in- surers to hand over infor- mation to the US Internal Revenue Service about accounts with more than - percent withholding tax on their US investment - tively be frozen out of US The Singapore deal, known as an intergovern- will come as relief to the city-state’s wealth man- agement industry which management at the end of Like most of the other FATCA deals, the Singa- pore agreement will al- account-holder informa- tion to their local tax au- thority, which will send it along to the IRS, saving them from dealing direct- ly with the US tax authori- The Singapore deal was agreed “in substance” and “The advantage this gives to Singapore insti- tutions is the certainty on how they should go about their compliance - evant registrations,” said Michael Brevetta, who is PricewaterhouseCoopers’ FACTA lead for Southeast Hong Kong is looking to sign a similar agreement, and inked a separate tax information agreement with the United States in achieving a full IGA, al- though it is unclear if that China has also been in talks with the US Treas- ury on whether to sign such a deal, although no information has been re- leased on how much pro- - tries that have not reached a FATCA pact must report directly to the IRS and risk violating local priva- cy laws, a particular risk in China, which has broad been negotiated to date, including deals with In- donesia, Peru and Kuwait announced in recent days, according to the Treasury FATCA was enacted af- ter a scandal involving Americans hiding money Reuters tar&duefum;xkwfvkyfa&; vkyfief;jzpfonfh Ford taejzifh armfawmf,mOfwyfqifa&;vkyf aqmif&ef EdkifiHjcm;aiGaMu;jywfvyf rIESifhBuHKawGUvmonfhtwGuf AifeD rIrsm;tm; &yfwefYvdkufaMumif; od& onf/ AifeDZGJvm;&Sdtjcm;yk*¾vduvkyfief; rsm;uJhodkYyif um;xkwfvkyfolrsm; oGif;rI? EdkifiHjcm;aiGaMu;a&;&mwdkY wGif qdk&S,fvpftpdk;&aiGaMu; qdkif&m xdef;csKyfrIrsm;jyKvkyfaejcif; rsm;tm; BuHKawGUae&jcif;jzpfonf/ wdk,dkwmum;ukrÜPDtaejzifh vnf; azazmf0g&DvtwGif; AifeD ZGJvm;EdkifiHwGifarmfawmfum;xkwf vkyfrIrsm;tm; &yfqdkif;cJhonf/ Ford taejzifh 2014 ckESpf yxrokH;vywftwGif; armfawmf um;tpD;a& 499 pD;om xkwf vkyfEdkifcJhonf/ EdkifiHom;rsm;taejzifh jynfy wGif tcGefa&Smifwdrf;aerIrsm;tm; wdkufzsuf&ef jy|mef;vdkufonfh Oya't& pifumylEdkifiHESifhtcGef tcsuftvufrQa0jcif; oabm wlnDrI&&SdcJhaMumif; tar&duef b@ma&;XmerS ajyma&;qdkcGifh&Sd olu ,ciftywfwGif xkwfazmf ajymMum;onf/ ,cifESpfuwnf;u arQmfvifh xm;onfh tqdkygoabmwlnDrI onftm&StBuD;qkH;<u,f0rIpDrH cefYcGJa&;pifwmrsm;rS wpfck&Sd vkyfief;rsm;tm; tar&duefpnf; urf;rsm;udkvdkufemap&efydkrdkvG,ful aprnfjzpfNyD; oabmwlnDrIr& ao;onfh NydKifbuf a[mifaumif tm; tom&aprnfjzpfonf/ Zlvdkifwpf&ufaeYwGif pwif touf0ifrnfh Foreign Account Tax Compliance Act of 2010 (FATCA)t& EdkifiHjcm;bPfrsm;? &if;ESD;jr§KyfESHrI&efykHaiGrsm;ESifh acs; aiGay;olrsm;tcsuftvufrsm; tm; US Internal Revenue Service (IRS) odkY vTJajymif;ay; &rnfjzpfNyD; tar&duefa':vm ig;aomif;ESifhtxuf&Sdtar&duef EdkifiHom;rsm; tcsuftvufrsm; vnf; yg0ifonf/vdkufemjcif;r&Sd wdkY &if;ESD;jr§KyfESHrI0ifaiGtay: wGif tcGeftaejzifh 30 &mcdkif EIef;'PfaMu;tjzpf aumufcHrnf jzpfNyD; tar&duefaps;uGufwGif vnf; xda&mufpGmydwfqdkYoGm;rnf jzpfonf/pifumyloabmwlcsuf taejzifh ,ckESpftukefwGif tNyD; owfvkyfaqmifoGm;rnfjzpfaMumif; od&onf/
  18. 18. May 15-21, 2014 Myanmar Business Today mmbiztoday.com INVESTMENT & FINANCE 18 Myanmar Summary Chiang Mai Reps visit Myanmar’s Kengtung to Boost Trade Ruedee Pavasiriporn R e p r e s e n t a t i v e s from Thai city of Chiang Mai recent- ly visited Chiang Tung in Shan state (also known as in Myanmar to tighten Chiangs, which include: Chiang Rai, Chiang Mai, Chiang Tung, Chiang Rung (currently referred and Ching Thong (which is now Luang Prabang in - icant trade relationships To help strengthen the relationship in the pre- sent day, delegates had been sent to visit Chiang May, according to Pairoj Kullawanich from Chiang - The talks included open- ing new border check- points, discussions about the hazards of cross-bor- enhancing transportation cooperation between the - ple from Chiang Mai also showcased their products The two cities are ex- pected to sign a sister city Myanmar Summary Sub-region of Standard Chartered. Standard Chartered Appoints Myanmar market a key focus May Soe San S tandard Chartered has appointed Lyn Kok as the new chief Greater Mekong Sub-re- gion, the UK-based bank In her new capacity, she will work closely with Chief Representative for Myanmar, Tina Singh- sacha to “leverage cross- border opportunities and enhance the bank’s ability to provide strategic sup- port to its international clients exploring oppor- tunities in Myanmar,” the Standard Chartered resumed its Myanmar operations last year by opening a representative - ated in Myanmar as the - ing the infamous dictator The Greater Mekong CEO role is a new region- al leadership position that sees Lyn assume govern- ance responsibilities for Greater Mekong, which comprises Thailand, Viet- nam, Myanmar, Cambo- In addition to her re- gional responsibilities, Lyn will continue in her current role as president for the bank’s Thai opera- Lim Cheng Teck, re- gional chief executive “The potential of the Greater Mekong region business operations in those markets under the Greater Mekong umbrel- our clients doing business in those markets targeted, insights and enhanced “I believe Lyn’s deep ex- perience and understand- ing of the region will help take our business to new Lyn was appointed president and CEO for Standard Chartered Bank to that was she was man- aging director, country head of strategy & cor- porate development and general manager, Beijing for Standard Chartered SCB Standard Chartered tae jzifh Lyn Kok tm; r[mrJacgif a'ocGJtrIaqmift&m&SdcsKyf topftjzpf cefYtyfvdkufaMumif; od&onf/ olrtaejzifh jrefrmEdkifiHqdkif&m Xmaeudk,f pm; vS,f Ti n a Singhsacha ESifh jrefrmEdkifiHwGif e,fpyfjzwfausmftcGifhta&;rsm;? jrefrmEdkifiHwGif tcGifhtvrf;rsm; vma&muf&SmazGMuonfh tjynf jynfqdkif&mvkyfief;rsm;tm; r[m AsL[musus ulnDaxmufyHhay;rI rsm;bPfrSvkyfaqmifEdkifa&;twGuf twlwuGvkyfaqmifMu&rnfjzpf onf/ Standard Chartered tae jzifh jrefrmEdkifiHodkY ESpf 50 Mum a0;uGmae&mrS ,cifESpfu jyef vnf0ifa&mufcJhNyD; &efukefNrdKUwGif ukd,fpm;vS,f½kH; zGifhvSpfcJhonf/ Standard Chartered onf 1862 rS pwifum jrefrmEdkifiHodkY 0ifa&mufcJhonfh yxrqkH;aom EdkifiHjcm;bPfjzpfonf/odkYaomf 1963 ckESpfwGifOD;ae0if;utmPm odrf;um jynfolydkif todrf;cHcJh& onf/ r[mrJacgifa'o trIaqmif t&m&SdcsKyf&mxl;onf a'oqdkif &m acgif;aqmifrIydkif; &mxl;topf wpfckjzpfNyD; Lyn taejzifh xdkif;? AD,uferf? jrefrm? uarÇm'D;,m; ESifhvmtdkwdkY yg0ifonfhr[mrJacgif a'o tkyfcsKyfa&;wm0efrsm; vnf;xrf;aqmif&rnfjzpfonf/ Lyn onf w½kwfEdkifiH ab*sif; &Sd Standard Chartered Bank OD;aqmifñTefMum;a&;rSL;? EdkifiH qdkif&m r[mAsL[mESifh yl;aygif; aqmif&Gufa&;tBuD;tuJtjzpf xrf;aqmifcJhNyD; 2010 ZlvdkifwGif Standard Chartered Bank (Thai) trIaqmift&m&SdcsKyf tjzpf cefYtyfjcif;cH&onf/ water access is crucial to ensuring that the country’s and poor populations,” said Matsuo Hideaki, counsellor The grant can demonstrate to city authorities innova- tive and sustainable methodologies for the planning and delivery of improved sanitation and urban services in- - networks, and build four community solid waste sys- local government and develop community action plans - tees to partner with Township and City level Develop- Myanmar Summary *syefEdkifiH qif;&JEGrf;yg;rIavQmhcsa&; &efykHaiG tar&duefa':vm av;oef;tm;tm&SzGHUNzdK;a&;bPf (ADB) rSBuD;Muyfumvkyfaqmifrnfh pDrHudef;aMumifh&efukefESifhrEÅav;&Sd vlOD;a&wpfaomif;&SpfaxmifwdkYonf rMumrDwGifoefY&Sif;?pdwfcs&onfhaomufokH;a&ESifha&qdk;oefYpifrIp epfrsm; &&SdawmhrnfjzpfaMumif; ADB rSaMunmxm;onf/ tqdkygav;ESpfpDrHudef;taejzifha&m*gjyefYyGm;rIxdef;csKyfjcif;? a&qdk;oefY pifrIpepfrsm;jr§ifhwifjcif;?a&BuD;rItm;avQmhcsjcif;wdkYtm; jrefrmEdkifiH NrdKUBuD;ESpfNrdKUwGifvkyfaqmifrnfjzpfaMumif; ADB rS ajymMum;onf/ ADBrStqdkygpDrHudef;onf vlrIywf0ef;usiftajccHjyifqifrI&efykH aiGpepftm;rdwfqufay;rnfjzpfNyD;vlrI0ef;usiftaejzifhtajc cHtaqmufttHkrsm;tm; tkyfcsKyfrItwGuf tcaMu;aiGaumufcH jcif;?pDrHjcif;rsm;vkyfaqmif&rnfjzpfonf/ tqdkygacs;aiGonf rkefwdkif;rsm;aMumifh a&vQHjcif;?a&BuD;jcif;ESifhvrf; rsm;?vloGm; pBuørsm;wdk;jr§ifha&;wdkYtwGufygyg0ifrnf jzpfonf/ xkdif;EdkifiH csif;rdkifrS udk,fpm; vS,frsm;taejzifh &Srf;jynfe,f usdKif;wkHNrdKUodkY jrefrmEdkifiHESifh pD;yGm;a&;qdkif&m qufoG,fa&; rsm;wdk;jr§ifh&eftwGufoGm;a&muf cJhaMumif; od&onf/ ,cifu Chiang Rai, Chiang Mai, Chiang Tung, Chiang Rung ESifh Ching Thong wdkY onf wpfNrdKUESifhwpfNrdKU pD;yGm;a&; qdkif&mqufoG,frI&SdcJhMuonf/ ,cktcg xdkodkYwdk;wufEdkif&ef twGuf csif;rdkifrS udk,fpm;vS,f rsm;onf usKdif;wkHNrdKUodkY arv yxrywftwGif;u oGm;a&mufcJh aMumif;csif;rdkifukefoG,fa&;a&;&m ½kH;rS Pairoj Kullawanich rS ajymMum;cJhonf/
  19. 19. May 15-21, 2014 Myanmar Business Today mmbiztoday.com INVESTMENT & FINANCE 19 Myanmar Summary Myanmar Summary David Mayes T here is a lot of downside risk in both the stock and bond markets at the mo- ment, but with interest rates currently so low I am often asked if there is a way of partici- pating in them while limiting yes, and it is not as complicated Hedging Your Market Exposure a generally misguided fear of anything labelled a derivative, in fact if you scan through the - ten you will even see the word derivative unaccompanied by all derivatives are complicated, and it is a relatively straightfor- ward process to “insure” a port- An American style put option gives the owner the right to sell the underlying stock or stock index at a certain price, the strike price, anytime up until of the underlying stock or index falls below the strike price, the option becomes “in the money” and becomes more valuable as the price in the market contin- hedged, which I will discuss later, you can limit the down- the strike price of the options For example, say you own a stock portfolio that is es- options at a strike price that is far “out of the money”, for in- the market is currently trading, and thus lock in a maximum options since they include a lot the number of shares underly- ing the contracts you buy add up to the value of your portfo- lio based on the current market The option cost is the sunk cost of insurance basically and should always be viewed this these costs are deducted from the return you get obviously like anything else in life the more you spend typically means the more you get, and this is true with options as well gener- time frame to maturity will be more expensive than one with a the strike price of a put option also means the higher the in- Not all stocks have the same volatility as the overall market, so in reality you will not likely - ever if you use an option on an index that has similar volatility and is correlated to the bulk of your holdings it will still do well in massively reducing downside hold mostly emerging market stocks like BRIC funds it might as it will not likely be volatile or even correlated enough to do a write about how you can reduce - BoundarySettlementtoBoostBD-MyanmarTrade Kyaw Min T he settlement of maritime boundary disputes between Bangladesh and Myan- mar provided an excellent opportunity to enhance maritime commerce and cooperation between the two countries, the Presi- The exchange of more training for both sailors two countries may be con- sidered in order to foster friendship and sharing knowledge, Abdul Hamid said to commander-in- chief of Myanmar Navy Admiral Zeya Kyaw Htin Thura Thet Swe who visited Bangladesh last week, Bangladeshi media During the meeting, Ab- dul Hamid said Admiral Zeya Kyaw Htin Thura Thet Swe said Myanmar always attaches impor- tance to its relations with Bangladesh, adding that this visit would increase the friendly thought be- them while limiting downside. Reuters b*Fvm;a'h&SfESifhjrefrmEdkifiHtMum; a&ydkifeuftjiif;yGm;rItm; ajz&Sif; Edkifjcif;onf ESpfEdkifiHa&vkyfief; ukefoG,frIESifh ESpfEdkifiHyl;aygif; aqmif&Gufa&;twGuf rsm;pGm taxmuftuljzpfaMumif;b*Fvm; a'h&Sfor®wrS ajymMum;cJhonf/ tqdkygawGUqkHyGJwGif Abdul Hamid rS a&wyfAdkvfcsKyfBuD; aZ,sausmfxifol&oufaqGodkY jrefrmEdkifiHESifh qufqHa&;onf b*Fvm;a'h&SfEdkifiHtwGuf rsm;pGm ta&;BuD;NyD;ESpfEdkifiH&if;ESD;rItm; wdk;yGm;apaMumif;ajymMum;cJhonf/ - vuf&SdrSmawmh pawmhaps;uGufaum? pmcsKyfaps;uGufrSmyg usqif;rIawG&Sdae ygw,f/ 'gayrJh vuf&Sd twdk;EIef;enf; enf;ay:rSmawmh olwdkYtaeeJY cifAsm; wdkY&JU usqif;rItay:rSm ulnDay;zdkYenf; vrf;awG&Sdovm;vdkYawmif &Hzef&Hcg ar;rdygw,f/ tajzuawmh &Sdygw,f/ NyD;awmh tJ'guvnf; trsm;pkxifovdk ½Iyf½IyfaxG;axG;r[kwfygbl;/aiGaMu; pmcsKyfawG[m a,bk,stm;jzifhawmh oifhudkaMumuf&GHUYaprSmjzpfNyD; oifhtae eJY aocsmavhvmrIr&Sd&if odEdkifrSm r[kwf ygbl;/ 'gayrJh aiGaMu;pmcsKyfawGwdkif; [mawmhr½IyfaxG;ygbl;/NyD;awmh raocsm bl;qdkwJhvkyfaqmifcsufwpfck[m qkH;½IH; rItvm;tvmydkrsm;apygonf/ tar&duefykHpHuawmh ydkif&Sifu ukef ypönf;awGudk oufwrf;wpfcktwGif;rSm wefzdk;owfrSwfcsufwpfckeJY a&mif;cscGifh ay;xm;ygw,f/ wu,fvdkY wefzdk;awG [m ac:aps;atmuf avQmhusoGm;&if awmh wefzdk;[m “in the money” jzpfvmjyD; aps;uGuf[mvnf; usqif;vmrSmjzpfygw,f/ 'gaMumifh oifhtaeeJY oifh&JUusqif;aerItay: oifh&JUoifudkifxm;wJhwefzdk;eJYac:aps;udk owfrSwfay;xm;EdkifzdkY vdktyfygw,f/ Oyrmtm;jzifh S&P 500 udk wefzdk; tm;jzifh tar&duefa':vm wpfaomif; ydkifwJh &S,f,mwpfckydkifr,fqdkygqdkY? oifh aeeJY tJh'DEIef;eJYqdk&if oifhtaeeJY ac:aps; udk aygufaps;&JUatmuf 15 &mcdkifEIef; edrfhNyD; ac:qdk0,f,lEdkifaumif; 0,f,lEdkif cJhr,fqdk&if tJh'Daps;[m aps;uGuf&JU trsm;qkH; qkH;½IH;rIwefzdk; 15 &mcdkifEIef; jzpfaeNyDjzpfygw,f/

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