Myanmar Business Today is Myanmar’s first bilingual (English-Myanmar) business newspaper, distributed in both Myanmar and Thailand. MBT covers a range of news encompassing local business stories, special reports and in-depth analysis focusing on Myanmar’s nascent economy, investment and finance, business opportunities, foreign trade, property and real estate, automobile, among others. MBT also provides detailed coverage of regional (ASEAN) and international business stories. Myanmar Business Today’s target readers are foreign and local investors, businesspeople and government officials, and our advertisers are also those who try to reach this niche market in Myanmar. We provide best solutions for our advertisers with our content, outstanding print and paper quality, and superior distribution chain. We convey our advertisers’ messages to readers not only in Myanmar but also in Thailand, Southeast Asia’s second largest economy. For more information please visit our website www.mmbiztoday.com. Facebook: www.facebook.com/MyanmarBusinessToday Twitter: @mmbiztoday Linkedin: http://www.linkedin.com/company/myanmar-business-today

1. Myanmar Business Today
mmbiztoday.com
February 13-19, 2014
MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL
mmbiztoday.com
February 13-19, 2014 | Vol 2, Issue 7
Myanmar Recalls Singapore
Consortium for $1.1-b Airport Deal
Shein Thu Aung
Myanmar Summary
T
with the South Korean
Andrew Harrer/Bloomberg
Changi
Airport Planners and Engineers
(CAPE) ? Yongnam Holdings
JGC Corp
ate a new international
Fred Hochberg, chairman and president of the US Export-Import Bank, speaks during the US ExportImport Bank annual conference in Washington, DC. The Export-Import Bank is an independent federal
American taxpayers.
US Export-Import Bank
Opens to Myanmar
ment that its consortium
Bank to offer short- and medium-term financing in Myanmar; Says will help
reintegrate Myanmar and US exporters
eration and maintenance
its facilities on the basis of
The
consortium
Incheon
International Airport Corp
was
T
Bank) said it will start
South Korea’s Incheon
Myanmar Summary
Phyu Thit Lwin
tar&duefEdkifiH ydkYukef oGif;
the announcement would
that we are committed to
credit
market that has boomed
Contd. P 23...
Contd. P 23...
20
%
OFF
ALL SEATS, ALL FLIGHTS
Contd. P 6...
Contd. P 6...
Booking Period: 10 - 16 Febuary 2014
Travel Period: 17 February - 18 May 2014
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2. LOCAL BIZ
2
Myanmar Business Today
February 13-19, 2014
mmbiztoday.com
Business News in Brief
MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL
Military-owned shipping line to buy 3 vessels
Military to surrender over 150,000 acres of
seized land
Board of Editors
Editor-in-Chief - Sherpa Hossainy
Reporters & Writers
Sherpa Hossainy, Kyaw Min, Tha Linn,
Phyu Thit Lwin, Htet Aung,
Su Su, Aye Myat, Daisuke Lon, Yasumasa Hisada
Art & Design
Zarni Min Naing (Circle)
DTP
May Su Hlaing
Translators
Shein Thu Aung, Phyu Maung
Advertising
Seint Seint Aye, Moe Hsann Pann, Htet Wai Yan
Advertising Hotline - 09 420 237 625, 09 4211 567 05,
09 31 450 345
Subscription & Circulation
Aung Khin Sint - aksint2008@gmail.com
09 20 435 59
Nilar Myint - manilarmyint76@gmail.com
09 4210 855 11
Managing Director
foreign banks’ operation
Myanmar Summary
Prasert Lekavanichkajorn
pkajorn@hotmail.com
Email
Editor - sherpa.hossainy@gmail.com
Advertising - sales.mbtweekly@gmail.com
Designer - zarni.circle@gmail.com
Yangon to have underground rail, sky trains
by 2025
Phone
Editor - 09 42 110 8150
Designer - 09 7310 5793
Publisher
U Myo Oo (04622)
Printing
after China cancels Thai plan
Shwe Naing Ngan Printing (04193)
No. 1A-3, Myintha 11th Street,
South Okkalapa Township, Yangon.
Tel: 951-850 0763,
Fax: 951-8603288 ext: 007
advanced tax

3. LOCAL BIZ
3
Myanmar Business Today
mmbiztoday.com
February 13-19, 2014
Will Mobile Money be Disruptive in Myanmar?
Mobile Money is finally in Myanmar. But will the people of Myanmar adopt it as a replacement for physical cash?
Lois Eva Adhiambo
Adongo
T
obstacle faced by mobile money
mar since Ooredoo and
Telenor won the bid for the
country’s two mobile licences in
Soe Zeya Tun/Reuters
order for consumers to see the
institutions like banks may see
needs of the Myanmar people; and grounded in the local context.
Myanmar Summary
worldwide has done a brilliant
Otherwise it makes no sense to
means is that the same way cash
in a wallet is within reach and
reduction in subscriber churn;
Ooredoo
Telenor
scratch card distribution costs
out fold lines, marks, fades or
osition for each of these mobile
not clear is what consumers
they’re unlikely to ditch their
true than in the mobile money
or any other model for that
the sector continues to become
tions like many other similar
“In order for even the most conservative growth
projections to be realised, Mobile Money
providers in Myanmar will have to solve the same
fundamental obstacle faced by mobile money
programs around the world.”
is to hit the mainstream then
Myanmar
Mobile Money
Oberthur
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4. 4
Myanmar Business Today
LOCAL BIZ
February 13-19, 2014
mmbiztoday.com
South Indian Cement
Producers Test Myanmar Market
Kyaw Min
Mann Yadanrpon
C
mar as a result of harsh market
craft on January 31.
New Private Airline to
Launch its Maiden Flight
He said that manufacturers
market, manufacturers such as
Dalmia Bharat Cement Ltd, The
India Cements Ltd, Chettinad
market that manufacturers are
Htet Aung
L
mand in south India has fallen
other local destinations such as
Amit Dave/Reuters
Myanmar Summary
itkyina from its main base at
Myanmar Summary
Dalmia
Bharat Cement Ltd , The India
Cements Ltd , Chettinad Cement
Corp Ltd
Ramco Cements
Ltd
In addition to its scheduled
Dalmia Cements
Vipin Agarwal
ATR 72-600

5. LOCAL BIZ
5
Myanmar Business Today
mmbiztoday.com
February 13-19, 2014
World Bank Group Grants $31.5m for
Telecoms Sector Reforms
tions
and
Information
Soe Zeya Tun/Reuters
ment with the country
that future consultations
communities, and ethnic
Phyu Thit Lwin
T
he
World
Bank
Kanthan Shankar, World
to remote communities,
for a telecommunications
based lender said in a
The Bank lauded the
Bank country director for
ecommunications sector
the Telecommunications
one of the lowest rates
of
telecommunications
and internet access in the
sistance to conduct a due
The
donor
said
the
Myanmar Summary

6. LOCAL BIZ
6
Myanmar Business Today
mmbiztoday.com
February 13-19, 2014
First Mobile Money Services
Launched in Myanmar
French secure technology company Oberthur Technologies helps the launch
Phyu Thit Lwin
Myanmar Summary
Oberthur Technologies
(OT)
Myanmar Mobile
Money (MMM) Co Ltd
Mobilemate
Telecommunication
Getty Images
OT
agent-assisted
cash-in/-out, air time top-up
OT
ecommunications and identity
on the new telecommunication
infrastructure that was recently
More Magic m:Wallet
fer money with their mobile
last few years, but less than 20
transactions
with
sanctions and the
moratorium
on
our two countries and
he said in a statement,
ers to obtain funds
Another
export-credit
bank
tar&dueftpdk;& lending
credit
insurance,
agency
Hochberg
loan
it will also be able
loans
for
creditworthy
away from nearly half a
century of army rule and
conference call, said its
Fred
credit

7. LOCAL BIZ
7
Myanmar Business Today
February 13-19, 2014
mmbiztoday.com
The Road to Myanmar is Inviting
but Potholed
Myanmar Summary
with their market entry
noted Lynn Thiesmeyer,
uncomfortable to broach
CocaCola, Unilever, Samsung
Fujitsu
Soe Zeya Tun/Reuters
ture, and information and
A handful of Western
but also the loss of land,
the only asset to which
food manufacturers – for
FA Sheikh
Contd. P 8...
to the Southeast Asian
brands of international
described by consultants
as nestled in the world’s
to show that the country’s
The key issue for some
mar’s
tors will confront another
business
scene
Contd. P 8...

8. LOCAL BIZ
8
Myanmar Business Today
mmbiztoday.com
February 13-19, 2014
Indonesian Miner to Start Myanmar
Tin Exploration in June
nounced
international
Htet Aung
I
ndonesian Tin miner
ommendation this month,
Dwi Sadmoko/Reuters
While
the
nascent
She described the latter
Myanmar Summary
PT Timah
The tourism industry
has also seen Western
onf
IPS
cession area in Tanitharyi
Timah
which will be used to
Timah
Sukrisno
Italian
and
German
mines’ tin ores, with an
last year announced their
months and Timah was
scheduled to enter the
Myanmar
Centre for Responsible
Business
Vicky Bowman
Fruit, Vegetable Exports Garner $34m
Myanmar Summary
ity and new headquarters
U Aung/Xinhua
Tr a n s p a r e n c y
International
Su Su
yanmar earned
year, the country saw
Extractive
Industries Transparency
Initiative (EITI)

9. there is no question that
decades of isolation also
nesses are absent from
accounted for more than
ternational
community
enter the frontier market
demonstrates that more
international
business
frastructure, weak rule of
ness sector – must seize
ternational
beyond, into a country of
community
ments like these can fuel
health,
ELUDEHCS THGILF CITSEMOD DNA LAN
)NIS( eropag niS ot ) NGR( nognaY mo rf s thgi lF
)NGR ( nognaY ot )NIS( eropagniS m orf sthgi lF
)XNC( iaM gna ihC ot )NGR( n ognaY morf sthg ilF
)NGR( nognaY ot )XNC( iaM g naihC m orf sthg ilF
)KKB( kokg naB ot ) NGR( nognaY m orf sth gilF
)NGR( no gnaY ot )KKB( kok gnaB m orf sthgilF
)NAH( ionaH ot )NGR( nog naY morf st hgilF
)NGR( nognaY ot ) NAH( io naH morf st hgilF
)LUK( r upmuL alauK ot )NGR( n og naY morf st hgilF
)NGR( n og naY ot)LUK( rupmuL alauK m orf st hg ilF
)NGR( nognaY ot )NG S( hniM ihC oH m orf sthgilF
)NGR( nognaY ot )EPT( iepiaT morf s thgilF
)NGR( nogna Y ot )GMK(gni mnuK m orf sthgi lF
)NGR( nognaY ot )S JB( g nijieB morf s thgilF
)NGR ( nognaY ot )GNN( gni nnaN m orf sthgilF
)NGR ( nognaY morf sthgilF )GKH( gnoK gn oH
)NGR( nognaY ot )NAC( uohZ gnauG m orf sthgilF
)NGR( nogna Y ot )UCC( atakloK morf sthg ilF
)N GR( nogn aY ot ) YAG( ayaG morf sthgilF
)NGR( nogna Y ot )TRN( oykoT morf sthgi lF
)NG R( nogn aY ot ) NCI( luoeS morf sthg ilF
)NGR( nognaY ot )HOD( ahoD morf st hgilF
)NGR( nognaY ot )TY N( waT iyP yaN m orf sthgilF
)NGR( nognaY ot )YD M( yaladnaM morf sthgi lF
)NGS( hniM ihC oH ot )NGR( nognaY m orf sthgilF
)EPT ( iepiaT ot )NGR( nog naY morf sth gil F
)GMK(gnimn uK ot )NGR( nognaY m orf sthgi lF
)SJB( g nijie B ot )NG R( nognaY morf sth gil F
)GNN ( gninnaN ot ) NGR( nognaY m orf sth gilF
)GKH( gnoK g noH ot )NGR( n ognaY morf sthg ilF
)NAC( uohZ g nauG ot )NGR( n ognaY m orf sthgi lF
)UCC( atakl oK ot )NGR( nog naY morf st hgil F
)Y AG( aya G ot )NGR( nog naY morf sthg ilF
)TRN ( oykoT ot )NGR( nog naY morf st hgilF
)NCI( luoe S ot )NGR( nog naY morf sthg ilF
)HOD( ahoD ot )NGR( nog naY morf sth gil F
)TYN( w aT iyP yaN ot )NGR( nognaY m orf sthgilF
)YDM ( yaladnaM ot )NGR( n ognaY morf sthgi lF
nomically,
education,
and
sustainably,
the skills of the country’s
tunate because American
donation of hundreds of
millions of litres of clean
tional resources to remote
fully
functional
Jason Reed/Reuters
dollar,
Ethan Kurt
attendees were Chit Ko
Tech Camp
R
understand
that
social
Wenchi Yu &
Anne MacDonald
Myanmar Summary
The Golden Hour for The Golden Land:
Myanmar’s Need for US Public-Private Partnerships
mmbiztoday.com
February 13-19, 2014
LOCAL BIZ
9
Myanmar Business Today

10. LOCAL BIZ
10
Myanmar Business Today
February 13-19, 2014
mmbiztoday.com
Kyaw Min
G
Bayer
nicable diseases such as
healthcare
business
in
Bayer HealthCare
Mega Lifesciences
sidiary Bayer Thai, the
needs and we welcome
Bayer
and quality of life of its
nies in healthcare and
Bayer HealthCare has
Chew u Bayer
Myanmar Summary
Chew said Bayer aims
Bayer HealthCare
Bayer AG
for this kind of economic
ethnic minorities about
ties for both international
businesses and the many
San Suu Kyi created the
bile libraries and smaller
Forbes
more inaccessible areas
health industry leaders to
Secretary of State Hillary
of them come barefoot,
cal reforms, will not only
result in increased shared
ensure that more of its
Wenchi Yu and Anne
MacDonald are members
of the Managing Committee of the Suu Foundation.
Ms Yu is the managing
partner of the Banyan Advisory Group LLC and a
former State Department
pursuing graduate studies at Harvard University and is a former White
Bayer Thai

11. LOCAL BIZ
11
Myanmar Business Today
February 13-19, 2014
mmbiztoday.com
Myanmar: A Critical Moment for
the Country’s Future
access to electricity and health
was attributable to better health
in health could return anywhere
leaders to take bold action, and
The WorldPost
Jim Yong Kim is the President
of World Bank Group.
U Aung/Xinhua
Myanmar Summary
Jim Yong Kim
water by hand, children read
This will lay the foundation for
quickly in urban areas, it has
but it will also create a better
The country also needs to
children learn better at school,
as one of Asia’s most dynamic
tor, and with swift action by the

12. LOCAL BIZ
12
Myanmar Business Today
mmbiztoday.com
February 13-19, 2014
Asia Optical Plans Further Investments in Myanmar
Expects to see 30-percent global growth in 2014
Su Su
factories in mainland China,
Thanks to increased
T
Myanmar Summary
electro-optical
Kodak
Asia Optical
Asia Optical Co Inc
ed to contribute $247 million
Kodak
the number is set to increase to
optical lenses
Asia Optical onf
is one fourth of the total, Asia
lenses
SCI Looks at Myanmar Calls
Daisuke Lon
Gematronik Weather Radar Systems
I
Myanmar Summary
Shipping Corporation of India
(SCI)
Currently, there are no liner
Japan Gives $40m to Myanmar
for Establishing Radar System
run between the two countries
Htet Aung
national and international lines,
is answerable to shareholders
Chennai (India) and Colombo
T
aid of $40 million to
Myanmar Summary
Reuters
automatic weather
observation stations

13. REGIONAL BIZ
13
Myanmar Business Today
February 13-19, 2014
mmbiztoday.com
Smuggling, Fraud Cost Philippines
$25.8b in 2011, Study Says
Philippines had back-to-back record high illicit inflows in 2010, 2011; Treasury lost at least $19.3b from customs misdeclaration since 1990;
A fourth of Philippine imports not reported to customs
Patrick Temple-West
related fraud has reached an
lion in illicit money
crossed the borders
most recent year for which data
Romeo Ranoco/Reuters
Workers unload rice imported from Vietnam from a ship docked at a port in Manila.
VAT
omist Brian LeBlanc, one of the
Global Financial Integrity
(GFI)
Dubai should be scrutinised
Reuters
Myanmar Summary
funds went out of the country
GFI rS
Brian LeBlanc

14. REGIONAL BIZ
14
Myanmar Business Today
February 13-19, 2014
mmbiztoday.com
India Seeks to Boost Connectivity With
ASEAN Nations
Elizabeth Roche
Myanmar Summary
A
Asian economies look
nei,
Cambodia,
Indonesia,
consolidate a market of more
the consolidation of economic
Anil Wadhwa, secretary (east)
Mint
fairs, noted that India was only
the third country after China
Anil
Wadhwa
Reuters
tween India and countries of
Wadhwa
China Cancels Deal to Buy Thai Rice
Due to Graft Probe
Pracha Hariraksapitak
C
hina has cancelled a deal
The Chinese cancellation is
the latest in a series of setbacks
Bank held a demonstration on
Reuters
The cancellation will add to
Myanmar Summary
to sell 400,000 tonnes of rice
secure funds for the rice scheme
at a time when farmers who
try to defuse the crisis has failed
It could be months before the
deals between Thailand and
ed annual losses of 200 billion
The deal between Thailand
Niwatthamrong
Bunsongphaisan

15. 15
REGIONAL BIZ
Myanmar Business Today
mmbiztoday.com
February 13-19, 2014
From Iran to North Korea,
Investors Spy The New Frontier
Investors seek new avenues after poor emerging market returns; North Korea, the “final frontier”, also has iron, rare earths
Carolyn Cohn and
Natsuko Waki
I
Bobby Yip/Reuters
some Western sanctions on
Iran has its attractions to
tion and an established local
years.
Myanmar Summary
eral resources such as iron ore
Final frontier
national markets, Iran would
Iraq’s debts in 2004, and Iraq
tors in debt and equity markets,
it could be years before they
now included in benchmark
But for Iran, the main current
“On a corporate level, some brave
pioneers are already making inroads.
Egypt’s Orascom Telecom has invested in
North Korea’s telecommunications
market for the past six years.”
Korea’s
telecommunications
Hassan Rouhani u
Distressed debt is another
in Iran that need to be dealt
Consumer Trends, Marketing & Branding Strategies
Organized by
Event Information
Friday, 21 Feb 2014
2:00 pm to 5.30 pm
Mingalar Hall
RUMFCCI Office Tower
29 Min Ye Kyaw Swar Road
Yangon, Myanmar
Sponsored by
RSVP by 19 Feb to:
rsvp@kcyangon.com
For inquiries please email
ywc@kcyangon.com or
call (+951) 860 3304 x 414
Seats are limited to 300 only.

16. REGIONAL BIZ
16
Myanmar Business Today
February 13-19, 2014
mmbiztoday.com
Mizoram Boosting
Infrastructure for
Myanmar, Bangladesh
Border Trade
ture to boost trade
IANS
Myanmar Summary
the northeastern Indian state’s
Supri/Reuters
borders to facilitate border
Vakkom B Purushothaman
u
the union commerce ministry
Indonesian Economy Grows 5.78pc
in 2013, Slowest in 4 Years
I
But domestic demand has
reau said last week, as the end
In the October to December
over $500m in Gasoline, Power Units
S
while on a quarterly basis it
Reuters
Reuters
Myanmar Summary
Myanmar Summary
rS
Jurong
Panasonic to Sell SE Asia Chip
Assembly Plants to UTAC Unit
Edmund Klamann
the heels of the transfer of its
Reuters
Myanmar Summary
Panasonic Corp
UTAC Holdings Ltd
The
sudden
interest
was
international community and
Reuters
Panasonic

17. INTERNATIONAL BIZ
17
Myanmar Business Today
February 13-19, 2014
mmbiztoday.com
Flipping the Corruption Myth
Corruption is by far not the main factor behind persisting poverty in the Global South
Jason Hickel
T
national
Myanmar Summary
Transparency International
recently
(CPI)
Source: Transparency International
House, and the World
tares of the nation’s land
CPI
The poverty factor
Freedom House
rich Western countries,
lem with this theory: It’s
ment, where the House of
to be most concerned
about has its root in the
Corruption, superpower style
deed,
fundamental
–
set aside for the leaders of
form of bribery and theft
were intimately tied to the
interests of Wall Street
With the City of London
of dictators in Africa and
amounts of money on
ance, on the other hand,
accounts for more than
erty in the Global South is
The question is all the
the city is immune from
the Orwellian banner of
ocratic laws and free of all
tained a number of quaint
of wealth is facilitated by
anonymous accounts, and
fake foundations, with the
“This enormous outflow of wealth
is facilitated by a shadowy financial
system that includes tax havens,
paper companies, anonymous
accounts, and fake foundations,
with the City of London at the
very heart of it.”
elections are cast not by
tions – mostly banks and
To be fair, this kind of
where a feudalistic royal

18. INTERNATIONAL BIZ
18
Myanmar Business Today
February 13-19, 2014
mmbiztoday.com
tion that these numbers
countries is not localised
bribery and theft, but
A similar story can be
access to new markets,
London banks colluded
stitutions masquerade as
myth on its head and start
Dr Jason Hickel lectures
at the London School of
Economics and serves as
an adviser to The Rules.
The views expressed in
this article are the author’s
own and do not neces-
bribery and theft in the
HuffPost
these institutions foisted
Business Today’s editorial
policy.
Al Jazeera
Treasury wields de facto
Sudan, and the warlords
of Somalia – three of the
these institutions are not
not a few military bosses
lack of accountability, as
chief economist of the
“With the City of London at the
of how much harm they
famous dictators – like
centre of the global tax haven
web, how does the UK end up
with a clean CPI?”
tu Sese Seko, and Hosni
ernance were true of any
South, the West would cry
a few of the world’s most
the command centres of
Yoko Kubota
T
Reuters
Myanmar Summary
Toyota Motor Corp
Reuters
tomaker said last week it now
Toyota
Motor Corp
While some economists and

19. INVESTMENT & FINANCE
19
Myanmar Business Today
February 13-19, 2014
mmbiztoday.com
Front Running the Fed
UK Pension Transfers. He can
be reached at david.m@faramond.com. Faramond UK is
regulated by the FCA and provides advice on pensions and
taxation.
time has come, but still many
Myanmar Summary
David Mayes
as a whole has been essentially
or those of you who don’t
the stimulus was not in fact the
reason markets are where they
risky markets at historically
and he would know that this
solid bid underneath is not yet
make the market for that stock
bid to both the stock and bond
would thus buy or sell on his
nobody is really sure how this is
who try to hide their cards, the
David Mayes MBA provides
wealth management services to expatriates throughout
Southeast Asia, focusing on
try to identify when there was a
FedrS
Gary Camero/Reuters
sometimes take hours or days to
in Washington.
MIC Approves Hotel and Shopping
Mall Construction
Aye Myat
T
The construction of the
facilities will be carried
local constructor to build
Myanmar Summary
Soe Zeya Tun/Reuters
mall, business centre and

20. INVESTMENT & FINANCE
20
Myanmar Business Today
February 13-19, 2014
mmbiztoday.com
Myanmar Opens Airports to Investors
Air Bagan
Air Bagan
registry of interest (ROI)
Air KBZ
Air
Sherpa Hossainy
KBZ
Asian Wings
some of the local airports in Myanmar.
Wanwisa Ngamsangchaikit
T
wa; Sittwe; Thandwe; Tachilek;
that the airline was interested
and it would take considerable
Myanmar Summary
Open Tender: Ministry of Energy
T
Tender forms went on sale
for Investors
Myanmar Summary
Aye Myat
Myanmar Summary
T
The new law allows income
will be maintained if they do not
ed machinery and materials to
ter resources, electricity and
cent of the total workforce in

21. 21
Myanmar Business Today
INVESTMENT & FINANCE
February 13-19, 2014
mmbiztoday.com
Column: Doing Business in Myanmar
Myanmar’s New Stock Exchange: Starting Point
the LSX and the CSX is
Chulapong Yukate
I
CSX faces the similar
from now is not such a
Samrang Pring/Reuters
stock markets from the
been established under
and Daiwa Institute of
be seen that the success
SET
Exchange of Thailand (SET)
KRX
LSX
(LSX)
intermediary in securities
shares and bonds, as well
Chulapong Yukate is
the Chairman of Myanmar Advisory Limited
and can be contacted at
chulapong3@gmail.com.
Myanmar Summary
tion of the Securities and
of intermediates, market
and unlicensed securities
less there is still the lack
other authorities about
(BEC)
Korea or KRX who holds
ard, the disclosures of the
Securities
KRX

22. INVESTMENT & FINANCE
22
Myanmar Business Today
February 13-19, 2014
mmbiztoday.com
Enabling Sustainable Value Chains in
Asia’s Apparel Frontier
Part III: Riding the power of total resource productivity
Part III of the series on creating sustainable apparel value chains explains the possibilities of greater total resource productivity and transparency across the supply chain in a world gradually heading toward a circular economy where resources are reused.
Maximilian Martin
dustry is traditionally known as
dustry is similarly structured so
that raw materials are utilised
U Aung/Xinhua
then sold, used, and discarded
Myanmar Summary
linear logic
needed for sustainable industry
dant in natural resources and
A thermal roof load, the
ometre of land area; only Laos
producers
be around the corner
installed on concrete decks
“While these innovations will no doubt
gradually run their course,
there is a lower hanging fruit for
the apparel industry in Myanmar:
radically greater resource
efficiency in the production process.”
mass of this roof absorbs
white metal, with a solar
tion of the factory:
Contd. P 23...
Contd. P 23...

23. 23
Myanmar Business Today
INVESTMENT & FINANCE
February 13-19, 2014
mmbiztoday.com
days and weekends is sold
Adding up two and two
requires about half the
been a serious obstacle for the
Sukree Sukplang/Reuters
“A redesign of apparel production processes, paired with better infrastructure and
training can save up to 20 percent in chemical inputs, one-third of energy, and up to
50 percent of water, while at the same time
providing the economic foundations for humane working conditions and an improved
environmental footprint.”
enters the site is carefully
ment, which is the focus of the
About the author
Dr Maximilian Martin is the
Founder and Global Managing
Director of Impact Economy.
He also serves as Founding
Faculty in Residence at Ashoka
U and Lecturer in Social Entrepreneurship at the University of St. Gallen. He previously
served as founding global head
and managing director of UBS
Philanthropy Services, head of
research at the Schwab Foundation, senior consultant with
McKinsey & Company, instructor at Harvard’s Economics
Department, and fellow at the
Center for Public Leadership,
Harvard Kennedy School. He
holds an MA in anthropology from Indiana University,
a MPA from Harvard University, and a Ph.D. in economic
anthropology from the University of Hamburg.
Acleda Eyes $11m Loan
Portfolio in Myanmar
Htet Aung
C
Myanmar Summary
ACLEDA
Incheon

24. 24
Myanmar Business Today
February 13-19, 2014
mmbiztoday.com
INTERNATIONAL AND DOMESTIC FLIGHT SCHEDULE
Flights from Yangon (RGN) to Bangkok (BKK)
g s o
g
N
1
1
1
1
1
1
1
1
1
1
1
1
1
1
2
2
2
2
2
2
2
2
2
2
2
2
2
2
Days
s
3 4 5
3 4 5
3 4 5
3 4 5
3 4 5
3 4 5
3 4 5
3 4 5
3 4 5
3 4 5
3 4 5
3 4 5
3 4 5
3 4 5
6
6
6
6
6
6
6
6
6
6
6
6
6
6
7
7
7
7
7
7
7
7
7
7
7
7
7
7
From
RGN
RGN
RGN
RGN
RGN
RGN
RGN
RGN
RGN
RGN
RGN
RGN
RGN
RGN
To
BKK
DMK
DMK
BKK
BKK
BKK
BKK
BKK
BKK
BKK
DMK
BKK
BKK
DMK
ETD
7:15
8:00
8:30
8:40
9:50
10:45
18:05
14:45
15:20
16:30
17:50
18:25
19:40
21:00
ETA
9:30
9:45
10:15
10:25
11:45
12:40
19:50
16:40
17:15
18:15
19:35
20:20
21:35
22:45
Flights from Bangkok (BKK) to Yangon (RGN)
g s o
g
K
a
Operated by:
Bangkok Airways
NOK Airlines
Thai AirAsia
MAI
Thai Airways
Bangkok Airways
Golden Myanmar Airlines
Thai Airways
Bangkok Airways
MAI
Thai AirAsia
Bangkok Airways
Thai Airways
NOK Airlines
Flight No.
DD4230
8M336
FD2751
TG303
PG701
FD2755
PG707
Y5-238
FD2753
PG703
TG305
DD4238
8M332
PG705
Flights from Yangon (RGN) to Chiang Mai (CNX)
g s o
o
)
a
i
W9-9607
4
7
RGN
CNX
14:50
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1 2 3 4 5
1
1 2 3 4 5
1 2 3 4 5
1
3 4 5
5
1
2 3 4 5
1 2 3 4 5
6
6
6
6
6
6
6
7
7
7
7
7
6 7
RGN
RGN
RGN
RGN
RGN
RGN
RGN
RGN
RGN
SIN
SIN
SIN
SIN
SIN
SIN
SIN
SIN
SIN
10:10
0:25
8:30
10:25
11:30
13:45
15:10
17:10
16:40
14:40
5;00
13:00
14:45
16:05
18:15
19:35
21:35
21:15
Air Bagan
W9-9608
Golden Myanmar Airlines
SilkAir
MAI
Singapore Airline
Jetstar Asia
MAI
TigerAir
TigerAir
SilkAir
Y5-234
SQ998
8M6231/3K585
8M232
MI518
8M235
TR2826
TR2826
MI520
1 2 3 4 5 6 7
1 2 3 4 5 6 7
1 2 3 4 5 6 7
VN956
1
RGN
RGN
RGN
KUL
KUL
KUL
8:30
8:55
12:15
12:50
12:55
16:30
5 6 7
RGN
HAN
19:10
2
4
7
RGN
SGN
14:25
1
1
1
1
1
2 3 4
2 3 4
3 4
2 3 4
2 3 4
1 2 3 4 5 6
2
5 6
RGN
RGN
TPE
TPE
10:50
11:35
2 3 4
6 7
1 2 3 4 5 6 7
3
6
RGN
RGN
RGN
KMG
KMG
KMG
14:15
14:40
12:20
2 3 4
6 7
RGN
BJS
14:15
Days
s
3
From
RGN
6
To
NNG
ETD
12:20
1 2
4
6
RGN
HKG
1:10
2
4
7
3
6
1
5
RGN
RGN
RGN
CAN
CAN
CAN
8:40
11:20
17:40
1
17:10
Days
s
1
8M 601
AI234
1
1
NH914
1
From
RGN
RGN
5
5
To
CCU
CCU
ETD
18:45
13:40
VN943
3
2
5 6
5
RGN
RGN
GAY
GAY
10:30
13:40
16:10
17:20
China Airline
EVA Air
CI7915
BR287
6
RGN
NRT
22:00
Air China
China Eastern
China Eastern (via NNG)
CA905
MU2031
MU2011
21:55
1
3
4
5
7
7
QR619
1 2 3 4 5 6 7
RGN
RGN
ICN
ICN
0:05
0:50
DOH
8:00
Days
s
1 2 3 4 5
1 2 3 4 5
1 2 3 4 5
6
7
From
RGN
RGN
RGN
RGN
RGN
To
NYT
NYT
NYT
NYT
NYT
ETD
7:30
11:30
16:30
8:00
15:30
ETA
16:25
Operated by:
China Eastern
5:35
17:50
Air Bagan
SIN
SIN
SIN
SIN
SIN
SIN
SIN
SIN
SIN
RGN
RGN
RGN
RGN
RGN
RGN
RGN
RGN
RGN
15:35
7:55
9:10
14:10
14:20
19:15
13:00
15:00
22:10
17:05
9:20
10:40
15:40
15:45
20:45
14:30
16:30
23:35
Golden Myanmar Airlines
Singapore Airline
Jetstar Asia
MAI
SilkAir
MAI
TigerAir
TigerAir
SilkAir
KUL
KUL
KUL
RGN
RGN
RGN
6:55
10:05
14:00
8:00
11:15
15:00
AirAsia
Malaysia Airlines
MAI
HAN
RGN
16:35
18:10
Vietnam Airlines
7
SGN
RGN
11:40
13:25
Vietnam Airlines
TPE
TPE
RGN
RGN
7:15
7:30
10:05
10:35
China Airline
EVA Air
KMG
KMG
KMG
RGN
RGN
RGN
12:40
13:30
8:25
13:15
14:00
11:30
Air China
China Eastern
China Eastern (via NNG)
2 3 4
6 7
BJS
RGN
8:05
13:15
Air China (via KMG)
Flight No.
MU2011
Days
s
3
From
NNG
6
To
RGN
ETD
10:15
ETA
11:30
Operated by:
China Eastern
KA250
1
3
5
7
HKG
RGN
21:50
23:45
Dragon Air
Flights from Guang Zhou (CAN) to Yangon (RGN)
lg s o
C
n
MAI
China Southern Airline
China Southern Airline
CZ3055
8M712
CZ3055
3
2
6
4
1
7
5
CAN
CAN
CAN
RGN
RGN
RGN
8:40
14:15
14:45
10:30
15:45
16:35
China Southern Airlines
MAI
China Southern Airlines
Flights from Kolkata (CCU) to Yangon (RGN)
h
o
k
U
a
R
Operated by:
Air India
Air India (via GAY)
Flight No.
AI227
AI233
MAI
Air India
8M 602
AI233
1
Days
s
ALL NIPPON Airways
NH913
1
1
From
CCU
CCU
5
5
To
RGN
RGN
ETD
10:35
13:30
ETA
13:20
18:00
Operated by:
Air India
Air India (via GAY)
Flights from Gaya (GAY) to Yangon (RGN)
g s
y
n
G
11:50
15:00
3
5 6
5
GAY
GAY
RGN
RGN
12:50
15:00
16:00
18:00
MAI
Air India
Flights from Tokyo (NRT) to Yangon (RGN)
i t r
k
T
a
R
3
6
NRT
RGN
11:10
17:05
ALL NIPPON Airways
Flights from Seoul (ICN) to Yangon (RGN)
g s
o
)
n
G
8:00
8:50
Korean Air
Asiana
KE471
OZ4753
Qatar Airways
QR618
1 23
4 5 6 7
3
6
ICN
ICN
RGN
RGN
18:40
19:30
22:55
23:40
Korean Air
Asiana
Flights from Doha (DOH) to Yangon (RGN)
t r
h
R
11:45
Operated by:
FMI Air Charter
FMI Air Charter
FMI Air Charter
FMI Air Charter
FMI Air Charter
Flights from Yangon (RGN) to Mandalay (MDY)
i t r
o
n
Y5-234
1 2 3 4 5 6 7
RGN
MDY
6:15
7:30
YH 909
2
4
6 7
RGN
MDY
6:30
8:10
YH 917
1 2 3 4 5 6 7
RGN
MDY
6:10
8:30
YH 727
1
5
RGN
MDY
11:15
13:25
YH 731
1 2 3 4 5 6 7
RGN
MDY
15:00
17:10
W9 501
1 2 3 4
RGN
MDY
6:00
7:25
K7 222
1 2 3 4 5 6 7
RGN
MDY
6:30
8:40
YJ 201
1 2 3 4 5 6 7
RGN
MDY
11:30
12:55
Days - (1) Monday (2) Tuesday (3) Wednesday (4) Thursday (5) Friday (6) Saturday (7) Sunday
e a 3
d s a
y
u
17:20
Hong Kong (HKG) Flights from Yangon (RGN)
n
a
Dragon Air
ETA
19:45
16:55
ETA
8:30
12:30
17:30
9:00
16:30
RGN
Flights from Nanning (NNG) to Yangon (RGN)
g s o
n
N
a
Flights from Yangon (RGN) to Nay Pyi Taw (NYT)
lg s o
w
Flight No.
FMI-A1
FMI-B1
FMI-C1
FMI-A1
FMI-A1
CNX
Flights from Beijing (BJS) to Yangon (RGN)
lg s
j
S
n
R
Flights from Yangon (RGN) to Doha (DOH)
lg s
n
G
O
RGN
4
2 3 4
6 7
1 2 3 4 5 6 7
3
6
CA905
Flights from Yangon (RGN) to Seoul (ICN)
g s
n
G
C
KE472
OZ7463
Operated by:
NOK Airlines
MAI
Thai AirAsia
Thai Airways
Bangkok Airways
Thai AirAsia
Bangkok Airways
Golden Myanmar Airlines
Thai AirAsia
Bangkok Airways
Thai Airways
NOK Airlines
MAI
Bangkok Airways
Flights from Kunming(KMG) to Yangon (RGN)
lg s o
m
M
Air China (via KMG)
06:40+1
5 6 7
1 2 3 4 5 6 7
2
5 6
Flights from Yangon (RGN) to Tokyo (NRT)
g t r
n
G
N
3
ETA
07:55
7:25
8:00
8:45
9:40
12:20
14:30
21:55
17:20
17:35
18:40
20:15
20:05
21:15
Flights from Taipei (TPE) to Yangon (RGN)
lg s
E
n
Flights from Yangon (RGN) to Gaya (GAY)
g s
n
G
A
3
ETD
06:30
6:40
7:15
8:00
8:50
11:35
13:40
21:10
16:35
16:45
17:55
19:30
19:20
20:00
Flights from Ho Chi Minh (SGN) to Yangon (RGN)
lg s o
i
S
n
Vietnam Airlines
13:15
15:50
22:15
To
RGN
RGN
RGN
RGN
RGN
RGN
RGN
RGN
RGN
RGN
RGN
RGN
RGN
RGN
Flights from Hanoi (HAN) to Yangon (RGN)
g t r
n
N
n
R
Flights from Yangon (RGN) to Kolkata (CCU)
h
o
g
o
C
Flight No.
AI228
AI234
7
VN957
Flights from Yangon (RGN) to Guang Zhou (CAN)
lg s o
n
u
8M711
CZ3056
CZ3056
7
7
7
7
1 2 3 4 5 6 7
1 2 3 4 5 6 7
1 2 3 4 5 6 7
Flights from Yangon (RGN) to Hong Kong (HKG)
g s o
o
)
n
KA251
7
7
Vietnam Airlines
21:30
17:35
17:55
18:10
From
DMK
BKK
DMK
BKK
BKK
DMK
BKK
BKK
DMK
BKK
BKK
BKK
BKK
BKK
Flights from Kuala Lumpur (KUL)to Yangon (RGN)
g t r
o
n
Flights from Yangon (RGN) to Nanning (NNG)
g s o
g
N
a
Flight No.
MU2012
6
6
6
6
6
6
6
AK1426
MH740
8M502
Flights from Yangon (RGN) to Beijing (BJS)
lg s
n
G
CA906
5
5
5
5
5
5
2 3 4 5
5
Flights from Yangon (RGN) to Kunming(KMG)
lg s o
g
N
CA906
MU2032
MU2012
7
1
Flights from Yangon (RGN) to Taipei (TPE)
lg s
n
G
T
CI7916
BR288
7
7
7
7
7
7
7
7
7
7
7
7
7
7
AirAsia
MAI
Malaysia Airlines
Flights from Yangon (RGN) to Ho Chi Minh (SGN)
lg s o
h
VN942
6
6
6
6
6
6
6
6
6
6
6
6
6
6
4
Flights from Yangon (RGN) to Hanoi (HAN)
g t r
n
G
H
3
Days
s
4 5
4 5
4 5
4 5
4 5
4 5
4 5
4 5
4 5
4 5
4 5
4 5
4 5
4 5
Flights from Singapore (SIN) to Yangon (RGN)
lg s o
a
Flights from Yangon (RGN) to Kuala Lumpur (KUL)
i t r m
n
a
u
AK1427
8M501
MH741
3
3
3
3
3
3
3
3
3
3
3
3
3
3
Flights from Chiang Mai (CNX) to Yangon (RGN)
g s o
g
C
16:20
Flights from Yangon (RGN) to Singapore (SIN)
lg s o
g
N
n
Y5-233
MI509
8M231
SQ997
8M6232/3K586
8M233
TR2827
TR2827
MI517
2
2
2
2
2
2
2
2
2
2
2
2
2
2
Golden Myanmar Airlines
Yangon Airways
Yangon Airways
Yangon Airways
Yangon Airways
Air Bagan
Air KBZ
Asian Wings
1 2 3 4 5 6 7
DOH
RGN
21:05
06:29+1
Qatar Airways
Flights from Nay Pyi Taw (NYT) to Yangon (RGN)
lg s o
y
N
n
Flight No.
FMI-A2
FMI-B2
FMI-C2
FMI-A2
FMI-A2
Days
s
1 2 3 4 5
1 2 3 4 5
1 2 3 4 5
6
7
From
NYT
NYT
NYT
NYT
NYT
To
RGN
RGN
RGN
RGN
RGN
ETD
8:50
13:00
18:00
10:00
17:00
ETA
9:50
14:00
19:00
11:00
18:00
Operated by:
FMI Air Charter
FMI Air Charter
FMI Air Charter
FMI Air Charter
FMI Air Charter
Flights from Mandalay (MDY) to Yangon (RGN)
i t r
d
D
Y5-233
1 2 3 4 5 6 7
MDY
RGN
8:10
9:25
YH 910
1
3
MDY
RGN
7:40
10:30
YH 918
1 2 3 4
6 7
MDY
RGN
8:30
10:25
YH 728
1
5
MDY
RGN
9:10
11:05
YH 732
1 2 3 4 5 6
MDY
RGN
17:10
19:15
W9 502
1 2 3 4
MDY
RGN
16:10
18:15
K7 223
1 2 3 4 5 6 7
MDY
RGN
9:00
11:05
YJ 202
1 2 3 4 5 6 7
MDY
RGN
16:00
17:25
Days - (1) Monday (2) Tuesday (3) Wednesday (4) Thursday (5) Friday (6) Saturday (7) Sunday
e a 3
d s a
y
u
Golden Myanmar Airlines
Yangon Airways
Yangon Airways
Yangon Airways
Yangon Airways
Air Bagan
Air KBZ
Asian Wings
TANRETNI
Flight No.
PG 706
DD4231
FD2752
8M335
TG304
PG702
Y5-237
TG302
PG703
8M331
FD2754
PG704
TG306
DD4239

25. PROPERTY & REAL ESTATE
25
Myanmar Business Today
February 13-19, 2014
mmbiztoday.com
Myanmar in Motion: Rising Property Market
While waiting to see if a new Condominium Law opens up Myanmar real estate to the world, major developers drive Yangon’s residential market forward
Robert Carry
Myanmar Summary
I
ity
shareholder,
which
It looked like the military
ence, cared more about
El Scrapeo/CC
While tonnes of aid
and has doubled since the
Yangon Cityscape.
trees littered the streets
and hundreds huddled in
minium units in line with
tate market, one of which
Ireland, where real estate
Thanylin Star City – the
the military that handed it
They’re interested in new,
“With no stock market in the country,
property is one of the only available cash
dumps aside from US dollars and gold.
Without the worry of banks coming looking for
repayments, those buying in Myanmar can
afford to wait for a return.”
Contd. P 26...
as the country’s most
The fact that the market
address, the site is set on
trial and commercial – are
of owner makes it far less
sadors and many of the
tal, international school,
Contd. P 26...

26. PROPERTY & REAL ESTATE
26
Myanmar Business Today
February 13-19, 2014
mmbiztoday.com
Government Boosts Cement
JVs in Myanmar
Myanmar Summary
Phyu Thit Lwin
T
construction of nine cement
Amazing Ngapali Resort
Myanmar Resort Receives
ASEAN Green Award
based Ramco Cement is said to
Htet Aung
A
located
on
the
wide
Myanmar Summary
ASEAN
Green Award
ASEAN Green Hotel
Green
Kerek Wongsa/Reuters
Hotels
Condominium Laws is not
Property Report
can’t be used as collateral
The Condominium Law
strata titles which will,
in turn, enable many of
mechanisms needed for
ral in local demand set to
Colliers
Savills
PropertyReport
“The Condominium Law is going to
clearly define strata titles which will,
in turn, enable many of these
apartment buyers to use the property to get loans.”

27. 27
IT & TELECOM
Myanmar Business Today
mmbiztoday.com
February 13-19, 2014
Telenor to Spend Less Than Expected
on Myanmar Network
Peak funding cost $1 billion; Sees cash flow break even in 3 years
information before he could
Joachim Dagenborg
Shares down
million subscribers in Asia,
roads and many areas don’t
seem to react well to news on
Asia, will need to use horses
mar, lots of untouched nature,
The shares slid all week and
Reuters
Telenor made almost half of
Qatar’s Ooredoo last year to
build new mobile networks,
across one of the world’s last
telecoms frontiers, where less
Telecommunications
were
This was a milestone for the
sands of dollars when they were
tion from decades of military
Telenor’s announcement will
more than four years to reach
Soe Zeya Tun/Reuters
Myanmar Summary
Telenor
Telenor
Ooredoo
onf &if;ESD;
He also said he needed more
Telenor
Nordics
“The market thought they would have
to invest up to $2 billion so
when they say $1 billion, that’s a
marginally positive surprise.”
voice
data

28. IT & TELECOM
28
Myanmar Business Today
mmbiztoday.com
February 13-19, 2014
CAMUSAT Joins Apollo Towers to
Telenor to Launch 30
Build Telco Infrastructure in Myanmar Million SIM Cards
Shein Thu Aung
Myanmar Summary
Su Su
Telenor, one of the two
CAMUSAT
Supplied
Apollo Towers
its foundations in the dynamic
lected in December last year as
SAT Chairman Richard Thomas
Apollo
Towers
one of the two telecom licence
Telenor
Myanmar
Apollo
Myanmar Summary
Towers
Qatar’s Ooredoo last month to
roll out telecommunications
Telenor onf
Telenor
tower infrastructure to mobile
Telenor Myanmar rS
Petter Furberg
CAMUSAT
Telenor
While we cannot tell for sure
whether mobile money will
of in terms of users and kyat
transacted, we can defer talks
Lois Eva Adhiambo Adongo is
a mobile innovation and technology expert, international
development professional and
freelance writer.
Technologies
Mobile Wallet
MoreMagic
Soe Zeya Tun/Reuters
cash-in/-out ? airtime
top-up
Ooredoo
GSMA
One way for mobile money
“Until customers themselves see
what’s in it for them,
they’re unlikely to ditch their physical
el would features such as: zero
wallets for the mobile wallets.”

29. AUTOMOBILE
29
Myanmar Business Today
February 13-19, 2014
mmbiztoday.com
Yangon Bans Toyota Hilux as
Passenger Carrier
T
Myanmar Summary
Reuters
trucks are not allowed to
BAIC to Sell Chinese-made Cars in Myanmar
Phyu Thit Lwin
C
will act as the local dealer for
Xiu Heyi, chairman of BAIC,
Xinhua
th
in terms of
Myanmar Summary
BAIC international
Soe Zeya Tun/Reuters
forms in the Southeast Asian
local automobile market, with
Suzuki Carry Sales Edge Up
Htet Aung
Suzuki Carry is now sold for
another car dealer from Old
tomaker by sales, utilises its
seen a considerable rise in sales
WMC
A Suzuki Carry pickup truck.
Myanmar Summary
mu Suzuki has said it could take
AA BB Probox
TAXI
Probox
SUZUKI Carry
Suzuki Carry
branded cars to run them as

30. CLASSIFIEDS
February 13-19, 2014
30
Myanmar Business Today
mmbiztoday.com

31. SOCIAL SCENES
31
Myanmar Business Today
February 13-19, 2014
mmbiztoday.com
Telenor Licence Signing Ceremony
Chinese New Year 2014 Celebration
Petter Furberg, chief executive officer of Telenor Myanmar, at the
signing ceremony.
Telenor
People watch the lion dance competition held in Chinatown of Yangon.
U Aung/Xinhua
A Ministry of Information delegate.
Telenor
Petter Furberg receives telecoms licence for Telenor.
Telenor
Lanterns are displayed at a shopping
mall.
U Aung/Xinhua
Telenor executives at the event.
Telenor
A Ministry of Communications and Information Technology delegate.
Telenor
Ooredoo Licence Signing Ceremony
A Ministry of Communication and Infor- Sheikh Abdullah Bin Mohammed Bin Saud
mation Technology official speaks at the Al-Thani, Ooredoo group chairman, speaks
Phyu Thit Lwin
event.
Phyu Thit Lwin at the event.
Teachers and students of Fuxing Confucius classroom perform during a gatherLanterns are displayed at a shopping mall ing to celebrate the coming of the Year of
ahead of the Chinese Lunar New Year in the Horse in Mandalay.
Yangon.
U Aung/Xinhua
Hou Baoqiang/Xinhua
Ross Cormack, chief executive of Ooredoo
Myanmar, speaks at the event.
Phyu Thit Lwin
Ministry of Communication and Information Technology representative and Ooredoo group chairman sign agreements.
Phyu Thit Lwin
Ford’s Silver Sponsorship of 3rd Oil and Gas
Summit at Hotel Sedona
Ford’s booth at the event.
Ford
Ford was the silver sponsor of 3rd Oil and Gas Summit.
Sheikh Abdullah Bin Mohammed Bin Saud Al-Thani accepts the
licence.
Phyu Thit Lwin
Ford
Ford’s booth at the event.
Ford
Luminarc Showroom Opening
Showroom opening.
MC Daw Tin Moe Lwin.
Luminarc
Staff pose for a photo.
Luminarc
Luminarc
Speech by Business Manager Daw Pan Ei Hnin Si.
Luminarc

32. ENTERTAINMENT
32
Myanmar Business Today
February 13-19, 2014
mmbiztoday.com
Jet Li to Teach Kung Fu
to Myanmar Students
Kyaw Min
C
hinese Hollywood star Jet
earthquake that occurred in
was founded in 2007 by Jet
WMC
2004 tsunami while he and his
ed items in the second week of
First Ever Thai Film Festival in Myanmar in March
Htet Aung
Simultaneously, they will be
A
WMC
classes for the students at those
actors and actresses will take
Backyard Travel Releases New Tour:
“From the Mountains to
the Sea – A Myanmar Journey”
Backyard Travel
Shein Thu Aung
B
A farmer in the ancient city of Bagan.
where they would be taken to
a cruise down the Irrawaddy
the lifestyle of Intha locals and
their stilted houses with cruise
tural immersion and the chance
satisfy the common trend for
ride around the outskirts of the
city on the famous circular train
bination that can be tweaked to