Sustaining Progress and Minimising Risks in Myanmar

Myanmar Business Today March 13-19, 2014 mmbiztoday.com

mmbiztoday.com MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL March 13-19, 2014 | Vol 2, Issue 11 6XVWDLQLQJ3URJUHVVDQG0LQLPLVLQJ5LVNVLQ0\DQPDU How to overcome emerging market volatility in Myanmar’s future

Dan Steinbock ṘFHUHQWDOUDWHV But could the recent emerging fter half a century of iso- market volatility sweep across lation, Myanmar’s im- the country? Amediate challenge is to sustain reforms, boost foreign Catch-up in the investment and diversify its post-globalisation era industrial base. Unlike other In the next 5-10 years, Myan- Asian tigers, it must cope with mar has potential to evolve into a far more challenging interna- a “mini-BRIC”; that is, a rapidly tional environment. growing large emerging econo- Recent headlines from My- my – but only if it relies on the anmar have caused unease in right growth conditions and can the United States, Europe and sustain the momentum. Japan. While the controversies 6LQFH WDNLQJ ṘFH3UHVLGHQW are social by nature, they have Thein Sein has introduced a indirect economic implications. VODWHRIUHIRUPVDQGVLJQL¿FDQW First, the aid agency Medecins ly improved Myanmar’s ties Sans Frontiers (Doctors With- with Washington and European out Borders) was ordered to countries, which has unleashed Soe Zeya Tun/Reuters cease operations as the Presi- DUDSLGLQÀRZRI:HVWHUQWUDGH GHQW¶V ṘFH DOOHJHG WKDW WKH and investment. The advanced MSF was biased in favour of economies are fascinated with Rakhine’s Muslim Rohingya Myanmar, its population of 60 minority. Then, President him- million people and the last re- self asked parliament to consid- maining emerging economy. In 2012/13, Myanmar’s economy grew at 6.5 percent. Fuelled by increased gas production, services, construction, foreign er an intermarriage law, which Economically, Myanmar lost investment and strong commodity exports, it is on track to grow 6.9 percent in the medium-term. appears to call for the kind of half a century of progress, due to FRQ¿GHQFHLQWKHN\DW Myanmar Summary onfhtjynfjynfqdkif&m0ef;usifwpf&yf&Sd restrictions that opposition its geopolitical insulation. With Myanmar is larger than aejcif;yifjzpfonf/ leader Aung San Suu Kyi has underdeveloped institutional France in size, but has a young &mpkESpf0ufeD;yg; urÇmhEdkifiHrsm;ESifh vmrnfh ig; ESpfrS q,f ESpftwGif; condemned. capabilities, poor revenue per- labour force, abundant natural tquftoG,fjywfawmufí oD;jcm; jrefrmEdkifiHonf pD;yGm;a&;zGHUNzdK;wdk;wuf Meanwhile, the global agri- formance has led to persistent resources, including natural &yfwnfcJhaom jrefrmEdkifiHonf jyKjyif culture giant DuPont launched ¿VFDOGH¿FLWVZKLFKKDYHEHHQ gas, copper, timber and gem- rItwGuf tvm;tvmaumif;rsm;pGm ajymif;vJrIrsm;udk jyKvkyfvmcJhNyD; a&&Snf its business operations in the ¿QDQFHGE\WKHFHQWUDOEDQN$V stones. In 2012/13, Myanmar’s &Sdaeovdk ppfrSefaom zGHUNzdK;wdk;wufrI country. Indeed, as foreign DUHVXOWYRODWLOHLQÀDWLRQDYHU economy grew at 6.5 percent. wnfwHhzGHUNzdK;aprnfh jyKjyifajymif;vJrIrsm; tajctaersm;ay:aygufvmrSom xdk companies have been rushing aged 23 percent between 2001 Fuelled by increased gas pro- twGuf pdefac:rIrsm;udk &ifqdkifaeovdk tajctaeudka&&SnfwnfwHhEdkif&eftwGuf to Myanmar, the commercial and 2010, which hit the poor duction, services, construction, tjcm;tm&Susm;rsm;ESifhrwlonfhtcsuf capital Yangon is struggling hard, undermining domestic Contd. P 12...Ī6XVWDLQLQJī Contd. P 12...Ī6XVWDLQLQJī with Southeast Asia’s highest rSm jrefrmEdkifiHonf ydkrdkpdefac:rIrsm;&Sdae A journey to remember! Booking Period: 10 - 16 March 2014 Travel Period: 13 March - 31 May 2014

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Myanmar to allow import of alcoholic drinks Subscription & Circulation Myanmar Summary Aung Khin Sint - [email protected] Liquor, beer and wine will soon be allowed to be im- 09 20 435 59 ported into Myanmar after ongoing talks among respec- jynfwGif;yk*¾vduukrÜPDpkpkaygif; 10670 ckonf rwfv 31 Nilar Myint - [email protected] tive government departments and chambers of com- 09 4210 855 11 PHUFH¿QDOLVHWD[HVDQGGXWLHVORFDOPHGLDUHSRUWHG &ufaeYwGif ukefqHk;rnfh b@ma&;ESpftwGuf tcGefrsm; ray;aqmif Khaing Zaw Hnin - [email protected] citing Commerce Minister Win Myint. Overtaxing can &ao;aMumif; jynfwGif;tcGefOD;pD;Xme\ xkwfjyefaMunmcsuft& 09 4211 30133 lead to smuggling, while under-taxing can encourage od&onf/ ,ckb@ma&;ESpftwGif; jrefrmEdkifiHonf qefrufx&pf IUHHÀRZRIGULQNVLQWRWKHFRXQWU\:LQ0\LQWVDLG Managing Director wefcsdef wpfoef;eD;yg;wifydkYcJhNyD; 2012-2013 ckESpfwGif qefruf Prasert Lekavanichkajorn [email protected] Myanmar banks to launch int’l co-branded x&pfwefcsdef 1.4 oef; wifydkYEdkifcJhonfhtwGuf ,ckESpfwGif qef cards wifydkYEdkifrIrSm usqif;vmcJhaMumif; pD;yGm;a&;ESifhul;oef;a&mif;0,fa&; Publisher Myanmar Payment Union (MPU), an association of U Myo Oo (04622) local banks, is planning to introduce international co- 0efBuD; OD;0if;jrifhajymMum;csuft& od&onf/ branded cards that can be used in over 100 countries in xdkif;EdkifiHwGif EdkifiHa&;rwnfrNidrfjzpfrIrsm;ESifh w½kwfEdkifiHrS0,fvdk Printing cooperation with JCB (Japan Credit Bureau) and CUP tm;usqif;rIrsm;aMumifh ,ckESpfwGif jrefrmEdkifiH\ qefwifydkYrItm; Shwe Naing Ngan Printing (04193) (China Union Pay), local media quoted Zaw Kin Htut, MPU CEO, as saying. xdcdkufrItcsKdU&SdcJhaMumif; od&onf/ {NyDv odkYr[kwf arvwGif No. 1A-3, Myintha 11th Street, jrefrmEdkifiHrS xkwfukefaygif; 5000 eD;yg;tm; Generalised System South Okkalapa Township, Yangon. Myanmar earns over $1.1b from garment ex- of Preferences (GSP) ukefoG,frIcHpm;cGifhudk ay;oGm;rnfjzpfaMumif; port Tel: 951-850 0763, jrefrmEdkifiHpufrIvufrIvkyfief;&Sifrsm;toif;rS'kwd,Ouú|\ajym Fax: 951-8603288 ext: 007 Myanmar earned more than $1.1 billion in 2013 from garment exports due to EU’s restoration of GSP (Gen- Mum;csuft& od&onf/ 3 LOCAL BIZ Myanmar Business Today March 13-19, 2014 mmbiztoday.com 1HJRWLDWLQJ&RQÀLFWWR+DUQHVV 0\DQPDU¶V+\GURSRZHU

stretched across national bor- Myanmar Summary ders, making equitable water jrefrmEdkifiHonf EdkifiHa&;ESifh pD;yGm;a&; management a nettlesome process. For Myanmar’s nascent le- jyKjyifajymif;vJrIaumif;rsm;udk taumif gal environment, still governed txnfazmfaqmif&GufcJhaomaMumifhzGHUNzdK; largely by old structures of wdk;wufvmcJhNyD; tjynfjynfqdkif&m Elliot Brennan & nepotism and patronage, regu- todkif;t0ef;rSvnf; tm½Hkpdkufvmaom Stefan Döring lating water-use is particularly &if;ESD;jr§KyfESHrIaps;uGufopfwpfckjzpfonf/ GL̇FXOWDQGZLOOFRQWLQXHWREH jrefrmEdkifiHonf arQmfrSef;xm;aom yanmar urgently so as the economy adds new in- needs to increase its dustry on riparian lands. pD;yGm;a&;zGHUNzdK;wdk;wufrIudk jznfhqnf;Edkif Melectricity generat- According to local media re- &efESifh jynfwGif;ESifh jynfy&if;ESD;jr§KyfESHrI ing capacity to meet ambitious ports, Myanmar is now plan- pDrHudef;opfrsm;aMumifh pGrf;tifvdktyfrI economic development targets ning to build around 45 new jrifhwufvmjcif;udk jznfhqnf;Edkif&ef and accommodate rising pow- hydropower dams. The need vQyfppf"mwftm;xkwfvkyfrIudk wdk;jr§ifh&ef er demands from new foreign for infrastructure development and local investment projects. in Myanmar’s energy sector is ta&;wBuD;vdktyfvsuf&Sdonf/oHvGif Yet harnessing Myanmar’s hy- woefully apparent: the country jrpfwpfavQmufwGif a&tm;vQyfppfxkwf dropower potential will be a has frequent power shortages; vkyf&eftwGuf pDpOfcJhaom qnfpDrHudef; perilous process, as seen in the the commercial capital of Yan- rsm;rSmvnf; ,ckvuf&SdwGif tjiif;yGm; controversies surrounding cur- gon is notorious for brownouts zG,f&mrsm;&SdaeNyD; jrpfqHkqnfpDrHudef; rent planned dams along the and blackouts. Remarkably, Than lwin river (also known electricity output only reaches rSmvnf; y#dyu©rsm;aMumifh &yfqdkif;xm; as Salween river) as well as the approximately a quarter of the cJh&onf/ jrefrmEdkifiHrS jrpftrsm;pkonf geopolitically fraught and sus- country’s population, according a&tm;vQyfppfxkwfvkyfrnfhqnfrsm; pended Myitsone dam. to the World Bank. wnfaqmuf&eftwGuf oifhavsmfNyD; Many of Myanmar’s rivers are As a result, power shortages ,cktcsdefwGif a&tm;vQyfppfrSm jrefrm suitable for hydroelectric dams, VLJQL¿FDQWO\ KDPSHU 0\DQ EdkifiH\pGrf;tifaxmufyHhrItwGuf t"du which currently contribute the mar’s economic development as base load to the country’s en- businesses necessitate consist- ta&;ygaomtcef;u@wGif&Sdaeonf/ ergy supply. At the same time, ent supply and a reliable power wpfcsdefwnf;rSmyif qnfpDrHudef;rsm;tm; dam construction alters the infrastructure. For the next 20 taumiftxnfazmfwnfaqmufrIaMumifh natural environment and usu- years, a business-as-usual es- obm0ywf0ef;usiftm; xdcdkufrIrsm;&Sd ally requires the controversial timate made by the Asian De- Edkifovdk pDrHudef;{&d,mwGif aexdkifolrsm; UHORFDWLRQ RÀRFDO SRSXODWLRQV velopment Bank forecasts a 3.1 Moreover, with the country percent annual growth of na- tm; jyefvnfae&mcsxm;&ef vdktyfavh in the midst of a tentative national energy demand. Within &Sdonf/ WLRQDO FHDVH¿UH SURFHVV GDP the same timeframe, about 20 xdkYtjyif typftcwf&yfpJa&;vkyfief; sites have the potential to stir percent of the generated elec- pOfrsm;udk BudK;yrf;aqmif&Guf&mwGif qnf latent or resurrect suspended tricity will come from hydro- pDrHudef;rsm;aMumifh y#dyu©rsm;jyefvnf FRQÀLFWV power, which is anticipated to jzpfay:&ef tvm;tvmrsm;&Sdaeonf/ Current planned and future have the fastest annual growth hydropower projects across rate of all energy sectors. xdkYjyif ,ckvuf&SdpDpOfxm;aom a&tm; trans-boundary river systems Much of the newly generated vQyfppfpDrHudef;rsm;ESifh tem*wfwGif also have the potential to spark energy is nonetheless set for aqmif&GufoGm;&efpDpOfxm;aom a&tm; diplomatic incidents with export to neighbouring China Stefan Döring vQyfppfpDrHudef;rsm;onf trans-boundary neighbouring countries, as the and Thailand. The regulations river systems ESifhoufqdkifonfhtwGuf majority of the electricity gen- for planned dam projects on the erated from these projects is Thanlwin river reserve only 25 tjcm;tdrfeD;csif;EdkifiHrsm;ESifh oHwref planned to be exported outside percent of the produced energy Thanlwin (Salween) river and planned dams. a&;&mqufqHrIudk xdcdkufvmEdkifonf/ of Myanmar’s borders. The Chi- to Myanmar, while the Kunlong eastern border and epitomises Standing 228 metres high, the tqdkygpDrHudef;rsm;rS xkwfvkyfaom na-led Myitsone dam project, hydropower project, also known the country’s huge untapped Tasang will be South Asia’s vQyfppf"mwftm; trsm;pkudk jynfyodkY for instance, was scheduled to as the Upper Salween dam, will hydropower potential. Depend- highest dam, exceeding the size wifydkY&ef pDpOfxm;cJhjcif;vnf;jzpfonf/ ing on the source, there are cur- of the massive Three Gorges export 90 percent of its gener- reportedly only transmit 15 per- w½kwfEdkifiHrS &if;ESD;jr§KyfESHxm;cJhonfh ated power for consumption in cent of its produced energy into rently between six and 12 dam Dam in China. China. President U Thein Sein the domestic grid system. projects planned for hydropow- As the Thanlwin runs through jrpfqHkqnfpDrHudef;wGifvnf; tqkdyg said at the time the suspension Many of these planned pro- er production on the Thanlwin. Shan, Kayah, Karen and Mon pDrHudef;rS xkwfvkyf&&Sdrnfh vQyfppf"mwf was in respect of the “people’s jects, such as the Kunlong, have In September last year, U Maw states, all planned dam sites are tm;yrmP 90 &mcdkifEIef;txdudk w½kwf will”. been tabled for the Salween Tha Htwe, the director-general situated in ethnic minority ar- EdkifiHodkY wifydkY&eftwGuf tpDtpOf&SdcJh Access to water has long been river, a largely under-utilised, of the Hydropower Implemen- eas with resident armed groups NyD; or®wOD;odef;pdefu tqdkygqnfpDrH DVRXUFHRIFRQÀLFWLQ0\DQPDU 2,800-kilometre waterway tation Department, disclosed ¿JKWLQJ IRU YDU\LQJ GHJUHHV RI Multiple stakeholders, from originating in the Tibetan Pla- that feasibility studies are ongo- autonomy. As such, construc- udef;tm; jynfolvlxk\oabmxm;ESifh farmers to factories, are often teau that runs along Myanmar’s ing for six hydropower projects tion sites are often within or rudkufnDonfhtwGuf &yfqdkif;&ef ajym RQWKH7KDQOZLQ±¿YHRIWKRVH QHDUE\ UHFHQW FRQÀLFW ]RQHV Mum;cJhonf/a&&&SdrIonf jrefrmEdkifiH are targeted to generate 1,000 Some of the construction plans “Current planned and future hydropower projects wGif tcsdeftweftMumy#dyu©rsm;jzpf megawatts (MW) or more. have been indirectly or directly apaomtaMumif;&if;wpf&yfjzpfNyD; a& across trans-boundary river systems also have the Feasibility studies have been LQWHUOLQNHG ZLWK WKH FHDVH¿UH concluded for the dams near and peace agreement process. toHk;jyKrIu@wGif pnf;rsOf;pnf;urf; potential to spark diplomatic incidents with neigh- Kunlong, NaungPha as well as This applies especially to ydkif;tm;enf;csufrsm;u tcuftcJrsm; udk jzpfay:apaMumif;vnf; od&onf/ bouring countries, as the majority of the electric- a smaller project near Mann- those armed ethnic groups who taung, according to local media demand economic concessions jynfwGif;owif;rD'D,mrsm;\ azmfjy ity generated from these projects is planned to reports. The most ambitious as part of anticipated upcoming csufrsm;t& jrefrmEdkifiHtaejzifh a&tm; project is the Tasang hydropow- peace agreements. This emerg- vQyfppfxkwfvkyfrnfhqnfaygif; 45 ck be exported outside of Myanmar’s borders.” er dam, which is projected to generate more than 7,000MW. Contd. P 22...Ī0\DQPDU¶V+\GURSRZHUī Contd. P 22...Ī0\DQPDU¶V+\GURSRZHUī 4 LOCAL BIZ Myanmar Business Today March 13-19, 2014 mmbiztoday.com 3DFHRI/RJ6KLSPHQWV ,QFUHDVHV'XHWR([SRUW%DQ

Kyaw Min termined to go through with its Myanmar Summary decision to ban log exports after he pace of log export April 1. {NyDvwGif opftvHk;vdkufwifydkYrIudk shipments has increased After the ban only processed cGifhrjyKawmhonfhtwGufaMumifh 0,f,l recently, not because of wood will be allowed but what T xm;olrsm;taejzifh opfqdyfrsm;wGif improved demand but rather constitutes “processed” is now the urgency with which buyers being discussed. Some observers }LIZGN

budget towards agricul- DuPont, established ay;íwifydkYa&mif;cscJhonfhukrÜPD ture and food. in 1802, has more than jzpfonf/ DuPont \tmqD,H Sittideth said the com- 10,000 scientists and en- pany is also poised to ad- gineers working across a'oOD;aqmifñTefMum;a&;rSL; Hsing Ho dress the rising demand 150 R&D centres globally. u ]]t&Sdeft[kefeJY for secure, environmen- The company racked up zGHUNzdK;wdk;wufaewJh jrefrmEdkifiH tally sustainable and af- $35.7 billion in revenues [m tmqD,Ha'owGif;zGHUNzdK;rIudk fordable energy sources 2013, and has 63,000 trsm;BuD;taxmuftyHhay;Edkif such as solar energy. VWD̆LQRYHUFRXQWULHV wJh tvm;tvmawG&Sdaeygw,f/ “Over 70 percent of all Myanmar Summary DuPont photovoltaic solar panels ½Hk;cGJudk jrefrmEdkifiHrSm ever made globally use tar&dueftajcpdkuf urÇmhxdyf zGifhvSpfEdkifcJhwm[m EdkifiH&JU pdkufysKd; DuPont materials,” he wef;ukrÜPDBuD;wpfckjzpfonfh a&;? tpm;tpm? pGrf;tifeJY ywf said. DuPont onf jrefrmEdkifiH&Sd 0ef;usifxdef;odrf;umuG,fa&;awG “We are committed to Chatrium Hotel Z*LI }LIZGN

Denis Balibouse/Reuters development,” Sittideth &yfrsm;? xkwfukefypönf;rsm;udk rIwefzdk;rSm tar&duefa':vm A DuPont logo is pictured on the EMEA (Europe, Middle East & Africa) and Du Pont de Nemours Interna- said. 1802ckESpfrSpwifum 0efaqmifrI 35 'or 7 bDvD,H&SdcJhonf/ tional SA building in Grand-Saconnex near Geneva. Zayar Phyo leading rice exporters again, making rice crop merican science and agriculture a key and chemical giant growth sector for Myan- ADuPont has start- mar. The country also ed its business operations faces pressing challenge in Myanmar eyeing to tap on developing sustainable the Southeast Asian na- and clean energy sources. tion’s agriculture, food, “DuPont is applying its energy and construction EURDG UDQJH RI VFLHQWL¿F sectors. knowledge and innova- The company said it tion to address these ur- aims to address the coun- gent needs. We believe try’s challenges in feeding that no company alone the growing population can solve them. We in- and reducing dependence tend to work collabora- on fossil fuels. tively with government, DuPont Myanmar will NGOs, academic, custom- focus on strengthening ers and business partners its local presence through WR ¿QG VXVWDLQDEOH VROX- collaboration with local tions,” Hsing said. SDUWQHUV WR R̆HU VFLHQFH “Integrated science can powered solutions in ag- play a critical role in sup- riculture, food, energy porting Myanmar’s sus- and construction, the tainable growth priorities ¿UPVDLG:LWKWKHPRYH especially in agriculture, Myanmar became the 8th food, and energy,” said ASEAN country and the DuPont Myanmar Man- 19th Asia territory for Du- aging Director Sittideth Pont. Sriprateth. “Myanmar has one DuPont said it aims of the fastest growing to enable local farmers economies and a promis- through advanced agri- ing potential to advance culture technologies and ASEAN’s growth. [The of- practices such as max- ¿FH RSHQLQJ@ UHÀHFWV RXU imising the yield from long-term commitment hybrid seeds, protecting in helping meet the coun- ¿HOGV DJDLQVW SHVWV DQG try’s needs in agriculture disease, enhancing food’s and food, energy and en- nutritional value and re- vironmental protection,” ducing waste by packag- said DuPont ASEAN ing food to protect it from Group Managing Director contaminants and decay. Hsing Ho. DuPont claims to put The government has in over 60 percent of signalled its intention to DuPont’s total global re- become one of the world’s search and development 6 LOCAL BIZ Myanmar Business Today March 13-19, 2014 mmbiztoday.com 1HZ(UDIRU0\DQPDU¶V0LQLQJ,QGXVWU\

Michael Nesbitt

ide-ranging reforms, backed up by planned Wlegislative changes and a drive to improve practices, look set to steer Myanmar’s mining sector into the 21st century. Myanmar has a vast and diverse mix of mineral resources, including jade, copper, gold, coal, tin, tungsten and nickel. However, the early stage of development means it still lacks the modern surveying tech- niques needed to move the mining industry forward. The country’s leadership will be hoping that a new law gov- Soe Zeya Tun/Reuters erning the sector, which is expected to be introduced within weeks, will generate newfound FRQ¿GHQFH DPRQJ LQYHVWRUV many of whom have held back due to a lack of reliable data and A truck transports waste at a copper mine in Sarlingyi township. concerns about past practices. tious restructuring programme U Soe Thane, minister for the Myanmar will be hoping that vsuf&Sdonf/ tqdkygtzGJUtpnf;onf launched in 2012, is now gain- 3UHVLGHQW¶V2̇FHZKRZLOOOHDG 2014 signals a new era for the pD;yGm;a&;vkyfief;rsm;ESifh tjcm;udk,fpm; Data discrepancies ing momentum. Myanmar’s ef- the reforms in Myanmar, has industry which will see its peo- Jade likely tops the list of forts include plans to join the put together a multi-stakehold- ple reaping the rewards of the vS,frsm;\ obm0o,HZmwrsm;rS&&Sd Myanmar’s mineral exports in Extractives Industries Trans- er group that will develop a plan country’s natural wealth. onfh tcGefb@mrsm;udk pDrHcefYcGJ&mü terms of value, but accessing parency Initiative (EITI), a to move the process forward. “Income from the industry yGifhvif;jrifomrI&Sdap&ef&nf&G,fí zGJUpnf; ¿JXUHV IRU WKH LQGXVWU\ ZKLFK global group made up of gov- will go toward both corporate xm;aomtzGJUjzpfonf/ has long been dominated by the ernments, businesses and other Legislative changes social responsibility projects military regime’s private busi- representatives, which aims to Myanmar is also poised to in- and mine closure programs,” U jrefrmEdkifiHonf tqdkygtzGJUodkY vmrnfh ness fronts, the Myanmar Eco- improve accountable manage- troduce a new mining law this Myint Aung told parliament in vtwGif; 0ifa&mufEdkif&ef tqdkjyKxm; nomic Corporation and Union ment of revenues from natural year, which would overhaul the February, commenting on the onf/or®w½Hk;0efBuD; OD;pdk;odef;u EdkifiH of Myanmar Economic Hold- resources. 20-year-old legislation current- new mining law. a&;eJY pD;yGm;a&;jyKjyifajymif;vJrIrsm;onf LQJVLVDGL̇FXOWWDVN EITI members are obliged to ly in place. Michael Nesbitt, is Editorial 'Drdkua&pDvkyfief;pOfrsm;wGif ta&;yg Foreign investors and observ- ensure full disclosure of all pay- The law is expected to pave the Manager at Oxford Business E I T I ers have had to make do with ments within the sector and way for new international part- Group (OBG). onfh tpdwftydkif;wpf&yfjzpfNyD; XQGHUVWDWHG ṘFLDO ¿JXUHV RQ allow observers to review both ners to enter the market and tzGJU0ifEdkifiHwpfEdkifiHjzpfvmygu ,if; mineral resource production WKHRULJLQVDQG¿QDOGHVWLQDWLRQ upgrade its practices. For many Myanmar Summary onf jyKjyifajymif;vJrI\ odomxif&Sm; and exports, alongside estima- of payments. The practice is years, due to sanctions imposed jrefrmEdkifiH\ us,fjyefYaom EdkifiHa&; onfh&v'fwpfckyifjzpfaMumif; ajymMum; aimed at bringing added trans- by the US, EU and other West- tions for neighbouring imports. jzpfpOfajymif;vJrIrsm;?Oya'a&;&majymif;vJ ern countries, China has been cJhonf/ the primary investor and buyer rIrsm;ESifh vufawGUusifhoHk;rIrsm;u jrefrm jrefrmEdkifiHonf vGefcJhonfh ESpf 20 “The country’s leadership will be hoping that a in the minerals sector. This has EdkifiH\ owåKwGif;u@udk 21 &mpkqD cefYu a&;qGJcJhonfh owåKwGif;Oya' left Myanmar little in the way of odkY yJhudkifvrf;jywpfckjzpfcJhonf/ tm; aphpyfaocsmpGm a&;qGJ&ef pDpOf new law governing the sector, which is expected ÀH[LELOLW\ZLWKQRURRPWRH[HUW jrefrmEdkifiHonf ausmufpdrf;? aMu;eD? vsuf&SdNyD; ,cktcsdefwGif tqdkyg Oya' leverage across the sector. to be introduced within weeks, will generate “Nowadays, we are in a posi- a&T? ausmufrD;aoG;? oH½dkif;? wefpwif udk rdwfquf&ef BudK;pm;aeonf/ ,if; tion to invite investors with ad- ESifh eDu,fwdkYuJhodkY wefzdk;&SdwGif;xGufrsm; Oya'onf EdkifiHwumrS &if;ESD;jr§KyfESH newfound confidence among investors, many of vanced technology and reliable udk ydkifqdkifxm;aomfvnf; ,cifu oltopfrsm;twGuf vrf;opfcif;ay; whom have held back due to a lack of reliable investment from any country,” enf;ynmwdk;wufrIenf;yg;jcif;? acwf ouJhodkY jzpfvmvdrfhrnfjzpfonf/jrefrm minister for mines Myint Aung rDowåKwdkif;wma&;ud&d,mrsm;r&Sdjcif; EdkifiHonf tar&duef? tD;,lESifh Oa&my data and concerns about past practices.” told OBG. “Although exploration activi- wdkYu jrefrmEdkifiH\ owåKwGif;u@ EdkifiHrsm;\ pD;yGm;a&;ydwfqdkYrIudk ESpfaygif; ties will have many challenges, wdk;wufrIudk avsmhyg;apcJhonf/ rsm;pGmcHpm;ae&onfhtcsdefwGif w½kwf the mining industry has the jrefrmEdkifiHacgif;aqmifrsm;u owåK EdkifiHonf jrefrmEdkifiH\owåKwGif;u@ 2̇FLDO VWDWLVWLFV IRU H[DP- parency and accountability to potential to drive economic wGif;Oya'wpf&yfudk vmrnfh&ufowå wGif tBuD;rm;qHk;wifoGif;olESifh &if;ESD; growth, while fostering foreign ple, show jade exports reaching the industry. ywftwGif; xkwfjyefEkdif&ef arQmfvifhae jr§KyfEHSoljzpfaecJhonf/vuf&Sdtcsdefonf $34 million in 2011/12, while Myanmar has said it will ap- investment.” VHSDUDWH ¿JXUHV LQGLFDWH WKDW ply for EITI candidature in the MuNyD; tqdkygOya'opfaMumifh &if;ESD; jynfyEdkifiHrsm;rS ,HkMunfpdwfcs&onfh sales of the mineral at the an- coming months. “We want to %HQH¿WVIRUDOO jr§KyfESHolrsm;\ ,HkMunfrIudk &&Sd&efvnf; &if;ESDS;jr§KyfESHrIrsm;ESifh tqifhjrifhenf;ynm nual gems emporium in Nay Pyi use the EITI to ensure that these Despite a drive under way in arQmfvifhaeonf/jrefrmEdkifiH\ wifydkY rsm;udk zdwfac:&ef taetxm;wpfck Taw amounted to $2.66 billion resources are developed and Myanmar to roll out reforms, aomwGif;xGufrsm;teufausmufpdrf; &SdaeNyD[k jrefrmEdkifiHowåKwGif;0efBuD; many investors have, to date, in 2011. According to a report managed in a transparent man- onftrsm;qHk;jzpfNyD;ppfwrf;aumuf,l by an economist at Harvard’s QHU IRU WKH VXVWDLQDEOH EHQH¿W chosen to observe the indus- Xme0efBuD; OD;jrifhatmifu ajymonf/ Kennedy School, exports of the of our people,” President Thein try’s developments from the rIrsm;t& 2011-2012ckESpf ausmuf jrefrmEdkifiH\ 'Drdkua&pDjyKjyifajymif; stone likely ranged between $6 Sein said at the end of 2013. sidelines. Uncertainty, a lack of pdrf;wifydkYrIrStar&duefa':vm34oef; vJrIrsm;aMumifh&if;ESD;jrSKyfESHrIrsm;tvHk; billion and $9 billion in 2011. “Political and economic re- information and not-so-distant txd &&Sd cJhonf/jrefrmEdkifiHtpdk;&onf t&if;jzifh0ifa&mufvmcJhonf/ jynfy forms are an important part of memories of murky practices EdkifiH\ yHk&dyfydkrdkjr§ifhwifEdkif&eftwGuf aq &if;ESD;jrSKyfESHolrsm;twGuf ae&mpHkwGif Spring clean the democratisation process. have meant that even investors Extractives The government’s drive to Becoming a member of the EITI associated with riskier ventures mif&Guf vsuf&SdNyD; ,cktcg &if;ESD;jrSKyfESH&eftcGifhtvrf;aumif;rsm; clean up the industry’s im- will be a tangible result of these in emerging markets have held Industries Transparency Nitiative &Sdaeaomfvnf;aemufqHk;owif;tcsuf age, spearheaded by an ambi- reforms.” back. (EITI) odkY 0ifa&mufEdkif&ef BudK;yrf; tvuf&&SdEdkif&efcufcJvsuf&Sdonf/ 7 LOCAL BIZ Myanmar Business Today March 13-19, 2014 mmbiztoday.com 7RXULVP,QGXVWU\(\HVELQ)<

checkpoints saw 1.2 million oef;cefYtxd &&SdEdkifaMumifc&D;oGm;vkyf tourists and cruise ship arrivals ief;&Sifrsm;u oHk;oyfajymqdkonf/ hit 6,086. Among the travellers coming ]]2013 ckESpftwGif;rSm vma&muf via air, 803,014 came through vnfywfwJhurÇmvSnfhc&D;oGm;ta& the country’s commercial hub twGuf 2.4 oef;ausmf&SdcJhNyD;? 0ifaiG Yangon, more than 40 percent taeeJY uefa':vmoef; 900 ausmf increase compared with 2012. &&SdcJhw,f/tckvmr,fh 2014-15 c&D; The number of business visitors also surged 32 percent, oGm;&moDtwGufjrefrmEdkifiHudkvma&muf while group tours increased vnfywfr,fh EdkifiHjcm;om;ta&twGuf over 8 percent last year. udk 3 oef;txd cefYrSef;xm;wmqdkawmh As the tourists swell in num- c&D;oGm;vkyfief;awGuae EdkifiHjcm;0ifaiG ber, the hotel business also uefa':vmoef; 1200 (uefa':vm booms across country. Cur- rently, 924 hotels are in busi- 1.2 bDvsH ) eD;yg;&&SdvmEdkifw,f}}[k ness with 3,500 rooms. Room c&D;oGm;vkyfief;&SifOD;at;ausmfu ajym charges vary from $50 to $300, onf/ hotel entrepreneurs say. jrefrmEdkifiHodkY vma&mufvnfywfrnfh U Aung/Xinhua The tourism industry grabbed EdkifiHjcm;c&D;oGm;rsm;onf jynfwGif;ü Shwedagon Pagoda, one of Myanmar’s most famous tourist sites. $534 million in 2012 and $900 Phyu Thit Lwin WRXULVWV LQ WKH FRPLQJ ¿VFDO year with a total of 33,250 tour- in 2013 in tourism receipts, ac- tenf;qHk; ESpf&ufcefY aeMurnfjzpfNyD;? year, tourism income should ists coming to the Southeast cording to the Ministry of Ho- xdkodkYvma&mufvnfywfonfh EdkifiHjcm; ncome from travel and tour- hit about $1.2 billion,” U Aye Asian country, while Thailand tels and Tourism. c&D;oGm;{nfhonfwpfOD;\ aiGaMu;oHk;pGJrI ism sector in Myanmar is Kyaw, a travel and tour entre- remained the top Asian country yrmPtm; wnf;cdkp&dwfygwGufrnfqdk Myanmar Summary Ito hit $1.2 billion as the preneur, said. with 116,126 visitors. vQif yQrf;rQtm;jzifh a':vm 400 cefY&Sd formerly-reclusive state expects Tourists visiting Myanmar In Asia, Japan placed second tourist arrivals to swell to three stay in the country for at least with 66,772 visitors, followed vmrnfh 2014-15 c&D;oGm;&moD EdkifaMumif;OD;at;ausmfuqufvufajym PLOOLRQ LQ ¿VFDO \HDU two days and a tourist usually by South Korea (54,599) and twGif; jynfwGif;odkY vma&mufvnfywf onf/ travel and tourism industry in- spends about $400 on average China (54,325), while in Eu- rnfh EdkifiHjcm;c&D;onfta&twGufoHk; jrefrmEdkifiHodkY vma&mufvnfywfonfh siders say. including accommodation ex- rope, the UK came second with oef;cefY0ifa&mufrnf[karQmfrSef;xm; EdkifiHjcm;c&D;onfrsm;teuf Oa&my EdkifiH ³,Q WRXULVW DUULYDO ¿J penses, he said. 31,172 visitors and Germany NyD;? tqdkygc&D;oGm;rsm;xHrS&&Sdrnfh0ifaiG rsm;&SdjyifopfEdkifiHom;rsm;ESifhtm&SEdkifiH ure was about two million with France topped the chart came third with 25,565 tourists. $900 million in tourism re- among European countries in A total of 885,476 tourists udkwGufcsufMunfhvQifc&D;oGm;vkyfief; rsm;xJ&Sdf tdrfeD;csif;xdkif;EdkifiHrS trsm;qHk; ceipts. As we expect 3 million terms of visitor numbers last came by air, while land border wpfckvHk;rS 0ifaiGuefa':vm 1.2 vma&mufvnfywfjcif;jzpfonf/ )',LQWR0\DQPDU 6HWWR7ULSOH Foreign investment reaches $3.6b in FY2013-14

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ontracted foreign direct investment (FDI) in My- DQPDUUHDFKHGELOOLRQLQWKH¿UVWPRQWKV C $SULO)HEUXDU\ RI WKH ¿VFDO \HDU DF FRUGLQJWRṘFLDO¿JXUHV )',LQ0\DQPDUDPRXQWHGWRELOOLRQLQWKH¿VFDO year 2012-13, which means Myanmar could triple FDI LQÀRZZKHQWKHFXUUHQW¿VFDO¿QLVKHVLQ0DUFK )LIW\SHUFHQWRIWKHWRWDO)',ÀRZHGLQWRWKHPDQX facturing sector while 20 percent went to the telecommunication sector, said U Aung Naing Oo, director general of the Directorate of Investment and Companies Administration (DICA) under the Ministry of National Planning and Economic Development. He said there were no short-term foreign direct investments in Myanmar, as a new law on FDI requires a timeframe of at least 20 years. Myanmar enacted a new foreign investment law in November 2012, replacing the over-two-decade-old similar law in a bid to further attract foreign investment. Myanmar was shunned by the West during the military junta rule from 1988 to 2010, and economic sanctions made it harder for the former-pariah state WRUHFHLYHVLJQL¿FDQW)',0RVWRIWKHVDQFWLRQVZHUH dropped in 2012, as President U Thein Sein embarked on a series of political and economic reforms since he DVVXPHGṘFHLQ “More special economic zones will be built to make it convenient for foreign investors to invest in the country,” U Aung Naing Oo said. In 2014-2015 FY, foreign banks will be allowed to operate in Myanmar, which is expected to up the FDI in- ÀRZPRUHD&HQWUDO%DQNVSRNHVSHUVRQVDLG

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Summit in Myanmar President calls on regional organisation to promote development Myanmar Summary energy and food security. “Through the collective en- jrefrmEdkifiH\ tkyfcsKyfa&;NrdKUawmf deavours and in a spirit of aejynfawmfü usif;yjyKvkyfcJhaom equality and partnership, we Bay of Bengal Initiative for Multi- will certainly be accelerating sectoral Technical and Economic economic growth and social Cooperation (BIMSTEC) xdyfoD; progress in the sub-region.” awGUqHkaqG;aEG;yGJwGif t"duoabm The member countries – Bangladesh, Bhutan, India, My- wlnDcsuf 3 &yfudk vufrSwfa&;xdk;cJh anmar, Nepal, Sri Lanka and aMumif; od&onf/ Thailand – also issued a decla- tqdkygoabmwlnDcsufrsm;wGif ration, which called for expe- Memoranda of Association (MoAs) GLWLQJ WKH UDWL¿FDWLRQ IRU HQWU\ 2ckESifh Memorandum of Understanding into the BIMSTEC Convention (MoU) wpfckyg0ifaMumif; od&onf/ on Cooperation in Combating or®wOD;odef;pdefu BIMSTEC \ International Terrorism. 7KH FRXQWULHV DJUHHG WR ¿- jynfolrsm;zGHUNzdK;wdk;wufa&;aqmif&Guf nalise the draft Agreement on csufrsm;udk wdk;jr§ifhvkyfaqmif&eftwGuf Trade in Goods with General wdkufwGef;cJhovdk tzGJUtpnf;\ wdk;wuf Rules of Origin and Product rIt&Sdeft[kefudk a&&SnfwnfwHhap&ef 6SHFL¿F 5XOHV DQG DOVR PRYH twGuf ydkrdkcdkifrmaumif;rGefaomyl;aygif; U Aung/Xinhua towards signing the Agreement aqmif&GufrIrsm;udk BudK;yrf;tm;xkwf (L to R) Bangladesh Prime Minister Sheikh Hasina, Bhutan Prime Minister Tshering Tobgay, Indian Prime Minister Manmo- on Dispute Settlement Proce- han Singh, Myanmar President U Thein Sein, Nepal’s Prime Minister Sushil Koirala, Sri Lankan President Mahinda Raja- aqmif&GufoGm;&efvnf;wdkufwGef;cJh paksa, and Thai Foreign Ministry’s Permanent Secretary Sihasak Phuangketkeow pose for group photos during the opening dures and the Agreement on ceremony of the third Bay of Bengal Initiative for Multi-sectoral Technical and Economic Cooperation (BIMSTEC) Summit at Cooperation and Mutual Assis- aMumif;od&onf/ Myanmar International Convention Center (MICC) in Nay Pyi Taw. tance in Customs Matters. rdrdwdkYtwGuf t"duta&;tygqHk; Wai Linn Kyaw cultural department in Thimpu, and investment, technology, The third BIMSTEC summit tcsufrSm a'owGif; qif;&JEGrf;yg;rIudk Bhutan. energy, transport and commu- and its related meetings were avQmhcs&efESifh vlaerIb0rsm;wdk;wuf hree major deals were President U Thein Sein called QLFDWLRQ WRXULVW ¿VKHULHV DJ- held from March 1-4. The First vmap&efjzpfaMumif; or®wOD;odef;pdef inked during the third on the seven-member regional riculture, cultural cooperation, and Second BIMSTEC Sum- u ajymMum;cJhonf/,ckvuf&SdtcsdefwGif Bay of Bengal Initia- mits were held in Thailand in T body to promote development environment and disaster man- ukefoG,frIESifh &if;ESD;jr§KyfESHrI? enf;ynm? tive for Multi-sectoral Techni- of the peoples of BIMSTEC, agement, public health, people- 2004 and in India in 2008. Al- cal and Economic Cooperation XUJLQJ LQFUHDVLQJ H̆RUWV IRU D to-people contract, poverty though Myanmar has assumed pGrf;tif? o,f,lydkYaqmifa&;ESifh quf (BIMSTEC) Summit held in stronger cooperation that will alleviation, counter-terrorism BIMSTEC Chair since 2009, oG,fa&;?c&D;oGm;vma&;?a&vkyfief;rsm;? Myanmar’s capital Nay Pyi Taw. sustain the momentum of the and transnational crime, and there has been a delay in ap- pdkufysKd;a&;vkyfief;? ,Ofaus;rIyl;aygif; The agreements include two group. climate change.” proval by members for Myan- aqmif&Gufa&;? obm0ywf0ef;usifESifh Memoranda of Association “Our top priority is to allevi- He said the member states mar to host the third Summit. ab;tEÅ&m,fuyfqdk;rsm;tm; pDrHcefYcGJrI? (MoAs) and one Memorandum ate poverty in the region and need to combine their strengths The 13th ministerial level meet- trsm;jynfolusef;rma&;? qif;&JEGrf;yg;rI of Understanding (MoU) on improve the quality of life and and resources to engage with ing held in Nay Pyi Taw in 2011 setting up BIMSTEC’s Secretar- well-being of our peoples,” he other international bodies in approved Myanmar to host the avQmhcsa&;? tMurf;zufrIwdkufzsufa&; LDW2̇FHLQ'KDND%DQJODGHVK said. addressing non-traditional and third BIMSTEC Summit and re- ESifh &mZ0wfrIrsm;ESdrfeif;a&;wdkYtygt0if a meteorology and hydrology “We are now working togeth- transnational challenges of cli- lated meetings. u@aygif; 14 ckwGif yl;aygif;vkkyfudkif department in Noida, India and er in 14 sectors including trade mate change, natural disasters, aqmif&GufaeMuaMumif;vnf; od&onf/ '&$WR,QYLWH7HQGHUVWR3ULYDWLVH/RFDO$LUSRUWV

Nwe Zin state-run, there are limitations. We can’t expand or upgrade as he Department of Civil much as we would like to be- Aviation (DCA) in April cause of shortage of funds,” he Twill invite tenders from said. private companies to upgrade “There are many roles a pri- and operate the country’s local vate company can play in an DLUSRUWVD'&$ṘFLDOVDLG airport. Businesspeople can The move comes as the gov- choose the role they are inter- ernment moves to privatise My- ested in and can participate.” anmar’s civil aviation sector to Foreign companies will not PDNHLWPRUHḢFLHQWDQGSUR- be able to bid as 100 percent vide better services. foreign-invested entities, rather “We will give priority to pri- they have to form joint ventures Sherpa Hossainy vate entrepreneurs who have with local partners, he said. experiences in dealing with In Myanmar, a total of 27 lo- airport operation and upgrade cal airports serve 33 airlines on process. The bidding and selec- a daily basis. tion process will be transpar- Passengers board a plane in Thandwe Airport in Ngapali, Rakhine state. Myanmar Summary ent,” U Win Swe Tun, Deputy rIOD;pD;XmerS owif;&&Sdonf/ tvrf;rsm; ay:xGufvmap&ef? NrdKUjy vkyfudkifcGifhay;rnfjzpfaMumif; od&onf/ Director of DCA said. “We want to privatise airports jrefrmEdkifiHtwGif;&Sd jynfwGif;avqdyf jrefrmEdkifiH\ NrdKUjyavaMumif;vkyfief; avaMumif;taqmufttHkESifhenf;ynm xdkYtjyif avqdyfwpfckcsif;pDwGif tcef; because private companies can 30 ckudk yk*¾vdurS vTJajymif;vkyfudkif wGif yk*¾vdutcef;u@ jrifhrm;wdk;wuf tqifhtwef;jrifhrm;vmap&efESifh EdkifiH u@wpfckcsif;pDtvdkuf vkyfudkifvdkaom bring in new ideas and modern Edkif&ef {NyDvwGif wif'gac:,lrnfjzpf ap&ef 0efaqmifrItqifhtwef;ydkrdk awmftpdk;&b@ma&;toHk;p&dwfavQmhcs vkyfief;&Sifrsm;taejzifhvnfu@wpfck technology. When an airport is aMumif; avaMumif;ydkYaqmifa&;ñTefMum; aumif;rGefvmap&ef? tvkyftudkiftcGifh Edkifap&ef&nf&G,fumyk*¾vduodkY vTJajymif; csif;pDudkvkyfudkifEdkifaMumif; od&onf/ 9 LOCAL BIZ Myanmar Business Today March 13-19, 2014 mmbiztoday.com .ULVOLWH7LHV8SZLWK*(IRU0\DQPDU/LJKWLQJ6ROXWLRQV

Kyaw Min infrastructure, public and residential sectors. ingapore-based lighting solutions provid- Myanmar Summary Ser Krislite has teamed pifumyltajcpdkufvQyfppftoHk; up with General Electric (GE) Lighting in a bid to taqmifypönf;rsm; xdef;odrf;jyK R̆HUWKH$PHULFDQFRPSD- jyifajz&Sif;rIrsm;udk jyKvkyfay; ny’s solutions and products onfh Krislite onf General to projects and developers Electric (GE) ESifh yl;aygif;í in Myanmar. Through the deal, Kris- jrefrmEdkifiHwGif pDrHudef;rsm;ESifh OLWHZLOOR̆HUWKHIXOOUDQJH zGHUNzdK;wdk;wufa&;azmfaqmifolrsm; of GE Lighting’s extensive udk ukrÜPD\xdef;odrf;jyKjyifajz&Sif; portfolio of products and enf;rsm;tm; axmufyHhay;&ef solutions, GE Lighting twGuf &nf&G,fí GE ESifh said in a statement. The range of application yl;aygif;í aqmif&GufoGm;rnfjzpf includes the latest energy aMumif; od&onf/ ḢFLHQF\ /(' WHFKQROR- &efukefwdkif;a'oBuD;0efBuD; gies for roadway lighting, csKyf OD;jrifhaqGu ,ckuJhodkY FRPPHUFLDO ṘFHV DQG KRWHOV ZKLFK ZLOO R̆HU vkyfief;BuD; 2 &yfrSyl;aygif;um

“better and more reliable GE aqmif&GufoGm;rnfjzpfonfh lighting quality while low- twGuf jrefrmEdkifiHtwGuf ering the energy cost,” GE From L-R) Jack Tan, country manager, GE Lighting for Singapore, Brunei & Myanmar, and Sims Teo, director, Krislite Pte Ltd, signing the taumif;qHk;&v'frsm;udk&&Sd said. Myanmar distributor agreement between GE Lighting and Krislite. Jack Tan, country man- WKHLU HQHUJ\ ḢFLHQF\ WR brighter future,” Tan said. core stimulant that helps eral deals in healthcare, vmEdkifaprnfjzpfovdk wdkif;jynf ager GE Lighting Myan- aid in the country’s devel- U Myint Swe, chief min- drive the development of aviation and power gen- \arQmfrSef;csufjzpfaom pD;yGm; mar, said, “We hope to opment. ister for Yangon Region our country.” eration sectors with local a&;zGHUNzdK;wdk;wufrIudktaumif share our knowledge and “We have established a Government, said, “I’m GE Lighting employs companies. txnfazmfaqmif&Guf&mwGif expertise in the lighting foothold in Myanmar and sure the collaboration of over 17,000 people in Krislite has market industry, help Myanmar she has become one of our these two experts will pro- more than 100 countries. presence in Singapore, taxmuftulrsm;pGmjyKoGm; develop their lighting in- most important partners duce a fruitful result for In the last one and a half Myanmar and China EdkifvdrfhrnfjzpfaMumif;ajymMum; frastructure and increase as we stride towards a Myanmar and become a year, GE has made sev- through projects in city cJhonf/

)URPSDJHĪ)',ī Myanmar received over $1 billion in FDI in the month of January alone with Singapore as the top investor, followed by Hong Kong, South Korea and Japan. Those countries invested most in the garment, manufacturing and beverage distribution sectors, as well as communication. January’s bump in FDI was driven by natural gas, petroleum, hotels and tourism, and marine sector investments, DICA data shows. Singaporean companies have been expanding their investments in sectors such as energy, construction, hotels and tourism, agriculture and industrial sectors, making it the largest foreign investor in the country in 2013, according to DICA. The Myanmar Investment Commission allowed a total of 13 foreign investments in January. Of those, three companies are from Singapore and Hong Kong, two from South Korea and Japan and the rest from China, Thailand and the United Kingdom. As of December last year, the total amount of foreign investment was $44.2 billion. “Hotels and tourism sector is receiving a lot of foreign investment and we expect this sector to receive more in WKHFRPLQJ¿VFDO\HDU´HQWUHSUHQHXU87KDQW=DZVDLG The ministry gave the green light to 39 foreign investors to work in Myanmar’s hotel and tourism sector last year. Those companies invested $1.9 billion in 2013, DICA data show. Myanmar Summary 2013-2014 b@ma&;ESpf\ 11 vwmtwGif; jrefrmEdkifiHodkY EdkifiHjcm;wdkuf½dkuf&if;ESD;jr§KyfESHrIjyKvkyfcJhonfhyrmPrSm tar&duef a':vm 3.6 bDvD,Htxd&SdcJhaMumif; pD;yGm;a&;ESifhul;oef;a&mif;0,f a&;0efBuD;XmerS xkwfjyefaomtcsuftvufrsm;t& od&onf/ 2012-2013 ckESpfwGif jrefrmEdkifiHwGif;EdkifiHjcm;wdkuf½dkuf&if;ESD;jr§KyfESH rIrSm tar&duefa':vm 1.4 bDvD,H&SdcJhonfhtwGuf jrefrmEdkifiHodkY EdkifiHjcm;&if;ESD;jr§KyfESHrIpD;0ifrIrSm 3 qeD;yg; wdk;wufvmaMumif; od& onf/ pkpkaygif;EdkifiHjcm;&if;ESD;jr§KyfESHrI\ 50 &mcdkifEIef;onf ukefxkwf vkyfrIu@wGifjzpfNyD; 20 &mcdkifEIef;rSmqufoG,fa&;u@wGifjzpf aMumif;DICA rSñTefMum;a&;rSL;csKyfjzpfolOD;atmifEdkifOD;uajymMum; cJhonf/ 10 LOCAL BIZ Myanmar Business Today March 13-19, 2014 mmbiztoday.com (QYLURQ(VWDEOLVKHV

2SHUDWLRQVLQ0\DQPDU Becomes the fi rst environmental consultancy

Nwe Zin standards such as the Equator Principles, the International NVIRON, an internation- Finance Corporation Perfor- al environmental, health, mance Standards and other in- Esafety and sustainabil- WHUQDWLRQDO¿QDQFLDOLQVWLWXWLRQ ity consultancy, has established requirements. its operations in Myanmar, “These are exciting times to PDNLQJ LW WKH ¿UVW JOREDO HQYL be on the ground in Myanmar,” ronmental consultancy on the Alzina said. JURXQGLQWKHFRXQWU\WKH¿UP ENVIRON has over 1,000 Damir Sagolj/Reuters announced. consultants operating from “This is a time of great change PRUH WKDQ ṘFHV LQ in Myanmar, and there is tre- countries. mendous need for the services ENVIRON provides in supporting sustainable economic development,” said Stephen 6LQJDSRUH&RQVRUWLXP:LQVP Washburn, ENVIRON Chief ([HFXWLYH2̇FHU Myanmar Summary ³2XU QHZ ṘFH LQ 0\DQPDU allows us to work more closely obm0ywf0ef;usif? usef;rma&;? ab; .\DXNSK\X6(=&RQVXOWDQF\'HDO with clients and other stake- uif;vHkNcHKrIESifha&&SnfwnfwHhzGHUNzdK;rIu@ holders to make sure these qdkif&mtjynfjynfqdkif&mtwkdifyifcHvkyf Zayar Phyo tional practice. Myanmar Summary needs are met.” ief;BuD;jzpfaom ENVIRON onf CPG will provide consultancy ingapore-based consor- services regarding land issues, 7KH¿UPVDLGLWVHHVJURZLQJ jrefrmEdkifiHwGif vkyfief;pwifaqmif&GufcJh demand in Myanmar for envi- tium Creative Professional GHHS VHD SRUW FRQVWUXFWLRQ ¿ ausmufjzLtxl;pD;yGm;a&;ZkefpDrHcefYcJG ronmental and social impact NyDjzpfNyD; jrefrmEdkifiHwGif yxrOD;qHk; SGroups (CPG) has won a nance and project programs a&; twGuf &if; ESD; wnf aqmufol assessments (ESIAs) of pro- obm0ywf0ef;usifqdkif&mtwdkifyifcH tender bid to get selected as the and calling tenders to recruit Developer twGuf pifumylEdkifiHtajc FRQVXOWDQW ¿UP IRU WKH .\DXN the SEZ developer. posed development projects, as vkyfief;wpfcktjzpf &yfwnfvmaMumif; pdkuf CPG (Creative Professional well as related services such as od&onf/ phyu Special Economic Zone The CPG consortium com- (SEZ) in Myanmar’s southeast- SULVHV¿YHFRPSDQLHVLQFOXGLQJ Groups) tBuHay;ukrÜPDtm; tar&d site evaluation and selection, ,cktcsdeftcgonf jrefrmEdkifiH\ permitting, water resources, air ern Rakhine state. DTZ, G Maps and PM Link, U uefa':vm 2 'or 5 oef;jzifh iSm;&rf; tBuD;rm;qHk;jyKjyifajymif;vJrIrsm;jzpfay: quality management, human CPG came out on top out of a Aung Kyaw Than said. cJhonfhtjyif t&efukrÜPDtjzpf KPMG aeaomtcsdefjzpfNyD; tBuHay;0efaqmifrI total 17 companies that bid for “Kyaukphyu SEZ is not a state health and ecological assess- ukrÜPDudkyg xyfrHa&G;cs,fxm;aMumif;? ment, and environmental man- rsm;udkvnf; trsm;tjym;vdktyfaeovdk the tender worth $2.5 million, project but a private one. The rwfv 3 &ufwGifusif;yaomausmufjzL agement systems. ENVIRON taejzifh a&&SnfwnfwHh while Netherland-based KPMG deep sea port here will facilitate Juliana Ding, managing di- was selected as backup, joint ocean liners and there are a lot of txl;pD;yGm;a&;ZkeftBuHay;ukrÜPDwif'g aompD;yGm;a&;zGHUNzdK;rIwpf&yftm; taxmuf UHFWRURIWKH¿UP¶V$VLDQRSHUD secretary of the Kyaukphyu SEZ opportunities as this SEZ is close ac:,lppfaq; a&G;cs,frIowif;pm&Sif; tuljyKEdkifrnfjzpfaMumif; ENVIRON bid evaluation and awarding to big markets of India and Chi- tions, said: “Myanmar has an vif;yGJwGif od&onf/ emerging regulatory framework \trIaqmift&m&SdcsKyfjzpfol Stephen committee, U Aung Kyaw Than, na,” Deputy Minister for Finance aimed at ensuring environmen- Washburn u ajymMum;cJhonf/ told a news conference. A total U Maung Maung Thein said. wif'g0ifa&muf,SOfNydKifMuonfh tBuH tal protection and sustainable jrefrmEdkifiH&Sd ENVIRON ½Hk;topf of 31 companies expressed in- The SEZ is being developed ay;ukrÜPDtkyfpk 17 tkyfpkxJrS txufyg terest to take part in the bid in LQ IRXU VWDJHV ZKLOH WKH ¿UVW development, and being on the stakeholder tBuHay;ukrÜPDrsm;udktqifhqifha&G;cs,f onfazmufonfrsm;?tjcm; WKH¿UVWSKDVHRIWKHWHQGHU one – a conceptual plan – have ground is critical to supporting cJhjcif;jzpfNyD; enf;ynmydkif;ESifh b@ma&; clients as they establish opera- rsm;ESifh ydkrdktqifajyacsmarGUpGmvkyfief; The estimated expenditure EHHQ ¿QDOLVHG ZLWK LQSXW IURP tions in Myanmar.” aqmif&GufvmEdkifaprnfjzpfNyD; vdktyf for Kyaukphyu SEZ is about economists, businesspeople and ydkif;wGif tjcm;ukrÜPDrsm;xuf omvGef Principal Consultant and Di- csufrsm;udk taotcsmjznfhqnf;Edkif $277 million, bid evaluation Kyaukphyu locals. Selecting the jcif;aMumifh a&G;cs,fcJhjcif;jzpfonf[k rector Dr Virginia Alzina, based vmaprnfjzpfaMumif;vnf; od&onf/ and awarding committee secre- consultant was the second stage, wif'gac:,la&;ESifh pdppfa&G;cs,fa&; tary U Myint Thein said, adding while the third one involves invit- in Yangon, will manage the My- jrefrmEdkifiHwGif zGHUNzdK;wdk;wufa&;pDrHudef; aumfrwDwGJzuftwGif;a&;rSL; OD;atmif anmar operations, whose. Dr that the consultant will receive ing tenders for a developer. The Alzina’s expertise includes In- rsm; trsm;tjym; azmfaqmifvkyfudkif 5 percent of the estimated ex- fourth stage will see the construc- ausmfoef;u owif;pm&Sif;vif;yGJwGif ternational ESIA practices and vmEdkifrnfjzpfonf/ penditure according to internation of the 1,000-acre SEZ. ajymMum;cJhonf/ 11 LOCAL BIZ Myanmar Business Today March 13-19, 2014 mmbiztoday.com 1LHOVHQDQG005'-RLQ+DQGV WR7DS0\DQPDU0DUNHW

Pann Nu in Myanmar.” proximately 35,000 people U Moe Kyaw, Nielsen Senior worldwide, with total revenues merican information Advisor and Managing Director of $5.7 billion in 2013. and measurement com- RI 005' VDLG KLV ¿UP YLHZV MMRD was established in Apany Nielsen Holdings the joint venture arrangement DQG ZDV 0\DQPDU¶V ¿UVW NV has formed a joint venture as a pivotal opportunity to re- market research agency. It has ZLWKORFDOUHVHDUFK¿UP0\DQ- alise its vision to deliver wider 250 research professionals in mar Marketing Research & De- international exposure to its UHJLRQDO ṘFHV WKURXJKRXW velopment Co Ltd (MMRD) in a clients while broadening the the country. bid to provide their clients with depth of its services. Jonathan Ernst/Reuters Myanmar marketplace and “We’ve seen a substantial in- consumer behavior informa- crease in demand for insights tion, the companies announced. on Myanmar, evidenced by the The joint venture entity, 88.5 percent net growth in mar- Myanmar Summary Nielsen MMRD, will see the two ket research reported by ESO- organisations combine their ca- MAR, and we are now much tar&duef\ owif;tcsuftvuf pabilities to “help companies better-positioned to help our ESifh okawoevkyfief;jzpfaom Nielsen 2RSV&RQJUHVV$VNHGWR)L[ which are established in Myan- clients here and abroad to un- Holdings NV onf jrefrmEdkifiH\ mar or have plans to enter the derstand our unique market- jynfwGif;okawoevkyfief;wpfckjzpfonfh 6OLS8SLQ0\DQPDU$LG%LOO market to understand the mar- place.” Myanmar Marketing Research & ket and consumer dynamics,” U Moe Kyaw said recent po- Development Co Ltd (MMRD) the companies said in a joint litical reforms coupled with a ESifh Anna Yukhananov Congress for years banned statement. large, young population and yl;aygif;í jrefrmhEdkifiH\aps;uGuftae the United States from backing “With a population of over 56 healthy economic outlook make txm;ESifhpm;oHk;olowif;tcsuftvuf he Obama administration any development loans to the million, Myanmar is the second Myanmar a highly attractive UVPWP }LIZGN

)URPSDJHĪ6XVWDLQLQJī persistent, long-standing political uncertainty fuelled by im- foreign investment and strong pending elections. commodity exports, it is on Unlike India, Indonesia, Bra- track to grow 6.9 percent in the zil, Turkey or South Africa, My- medium-term. anmar has not been adversely As it seeks to diversify its for- D̆HFWHGE\WKHUHFHQWYRODWLOLW\ eign trade and investment, Nay On the contrary, the outlook Pyi Taw is amidst a delicate bal- is positive and the economy’s ancing act between Chinese and growth could rise to 6.9 percent Western capital. To succeed, it in the medium-term, as long as PXVW¿QGZD\VWRSURWHFWERWK the reform momentum will pre- its old and new investors. Do- vail. mestically, the critical challenge While reforms do protect My- will be to use these resources to anmar in the long-term, the diversify the country’s nascent short-term challenges are a dif- industrial structure. ferent story. The emergence of Myanmar After all, while Myanmar’s has often been compared with EXGJHW GH¿FLW GHFUHDVHG WR that of Asia’s tiger economies in percent of the GDP, the currency the 1960s and 1970s, and China DFFRXQWGH¿FLWLQFUHDVHGWR in the 1980s. There is a major percent of the GDP in 2012/13. GL̆HUHQFHKRZHYHU'XULQJWKH ,QWKHSDVWLQÀDWLRQKDVKDXQW- past decades, emerging econo- ed the country, but was barely PLHVLQ$VLDEHQH¿WHGIURPWKH 2.8 percent in 2012/13; howev- booming global integration. To- HULWKDVULVHQVLJQL¿FDQWO\RQ day, the global landscape is far the back of food prices, housing Soe Zeya Tun/Reuters more challenging. rental costs and fuel. True, recently global activity So economic risks exist, but has picked up as growth pros- remain subdued as long as SHFWVJUHZ¿UPHULQWKHVHFRQG there is a solid growth momen- half of 2013, thanks to the lin- tum. What about political risk? gering recovery in the advanced The next general election is Given high reliance on the abundant natural resources and low productivity in agriculture, Myanmar’s economy is vulnerable economies. But in these nations, due by November 2015. While to potential shocks. growth remains policy-driven the National League for De- and investment transmission hai Institutes for International and is not yet self-sustained. mocracy has said that it would channels. Studies (China) and EU Center rIaMumifh pD;yGm;a&;zGHUNzdK;wdk;wufvmcJhjcif; While the US has recovered participate in the election even In this case, there are several (Singapore). For more, please jzpfNyD; ,cktcg tv,ftvwftqifh fastest, its exit from the mon- without a constitutional amend- potentially negative scenarios, YLVLW KWWSZZZGL̆HUHQFH- zGHUNzdK;vm&ef vrf;aMumif;ay:odkY a&muf&Sd etary stimulus is likely to take ment, its leader Aung San Suu including a stalled US recovery, group.net. aeNyDjzpfonf/ until the end of 2010s. Europe Kyi has vowed to challenge the a new bout of uncertainty in will cope with policy-driven old charter that blocks anyone Europe, a possible failure of re- jrefrmEdkifiH\ zGHUNzdK;wdk;wufvmrIonf support well into the 2020s. whose spouse or children are forms in Japan, an unanticipat- )URPSDJHĪ6XVWDLQLQJī 1960 ESifh 1970 ckESpfrsm;wGif tm&S And Japan hopes to overcome overseas citizens from leading ed slowdown in China, or fur- usm;rsm;ESifh 1980 ckESpfrsm;wGif w½kwf its two “lost decades” with a the country. ther plunge of the commodities. xdef;odrf;Edkifrnfjzpfonf/or®wOD;odef;pdef EdkifiH\zGHUNzdK;wdk;wufvmrIrsm;ESifhEdIif;,SOf bold reform gamble. Political risks do exist and The only way for Myanmar )XUWKHUDQHZERXWRI¿QDQ- may intensify, but as long as to move ahead is decisive and tpdk;&onf tkyfcsKyfa&;wm0efrsm;udk ajymMum;rIrsm;&Sdaeonf/ vGefcJhaom cial volatility has recently af- they will not cause political accelerated progress. That re- pwifxrf;aqmifpOfrSpNyD; jyKjyifajymif;vJ q,fpkESpfrsm;wGif tm&S&SdzGHUNzdK;wdk;wuf fected certain emerging and ad- fragmentation, reform momen- quires at least the following: rIrsm;pGmudk azmfaqmifcJhNyD; 0g&SifwefESifh pjyKvmaomEdkifiHrsm;taejzifh urÇmvHk; vanced economies, as markets tum can be sustained. A strong reform momentum Oa&myEdkifiHrsm;ESifhvnf; qufEG,frIudk qdkif&m yg0ifESD;EG,frIrsm; wdk;wufvmrI reassess their fundamentals. However, Myanmar’s internal to avoid growth reversals, while This volatility began to rise last ethnic and religious friction is building resilient institutions wdk;wufvmatmif BudK;yrf;EdkifcJhonf/ rSwpfqifh tusKd;tjrwfrsm;&&SdcJhonf/ IDOO LQWHQVL¿HG LQ 'HFHPEHU D GL̆HUHQW VWRU\ :KLOH LW GRHV and deepening the rule of law; xdkYtwGufaMumifh taemufEdkifiHrsm;rS rMumao;rDu urÇmvHk;qdkif&mvIyf&Sm; when the US Fed started its ta- not directly threaten the growth Inclusive economic growth ukefoG,frIrsm;ESifh&if;ESD;jr§KyfESHrIrsm; vsifjref aqmif&GufrIrsm;udk oHk;oyfMunfhygu pering, and peaked in January momentum or the ongoing re- to ensure that catch-up growth pGmwdk;wufvmcJhonf/ 2013 ckESpf0ufwGif zGHUNzdK;wdk;wufvmrI after the Fed continued to taper. forms, it does have potential to ZLOOEHQH¿WDOOVHJPHQWVRIWKH Given high reliance on the dampen investor interest in the society in the entire country; pD;yGm;a&;t&qdkvQif jrefrmEdkifiHonf udk awGUjrifvmEdkifNyD; zGHUNzdK;NyD; EdkifiHrsm;\ abundant natural resources and West, shift resources from eco- Reconciliation to overcome &mpkESpf0ufeD;yg; wdk;wufrIr&SdcJhbJ yx0D pD;yGm;a&;jyefvnfaumif;rGefvmrIaMumifh low productivity in agriculture, nomic development to political the kind of ethnic friction and EdkifiHa&;t& oD;jcm;&yfwnfcJh&rIaMumifh ,ckuJhodkY urÇmhpD;yGm;a&;tajctaerSm Myanmar’s economy is vulner- consolidation and aggravate religious violence, which were vnf;jzpfonf/aumif;rGefzGHUNzdK;rIr&Sdao; vnf; aumif;rGefvmjcif;jzpfonf/ able to potential shocks, how- domestic divisions. initiated during colonialism, ever. but which have been re-ignited onfh tzGJUtpnf;qdkif&mpGrf;aqmifrIrsm; odkYaomfvnf; tqdkygzGHUNzdK;NyD;EdkifiHrsm; Toward decisive and by an impending sense of na- ESifh 0ifaiGydkif;wGif tm;enf;csufrsm; \ zGHUNzdK;wdk;wufvmrIrSm rl0g'rsm;\ Defuse risks accelerated progress tion-hood. aMumifh b@ma&;vdkaiGjyrIrsm;udkvnf; armif;ESifrIaMumifhomjzpfonf/ tar&d Let’s focus on the common Further, not all risks are in- Adequate political consen- awGUBuHKcJh&onf/&v'ftaejzifhrwnfNidrf uef\pD;yGm;a&;rSm tvsifjrefqHk; t&Sdef denominators in those fragile ternal. In any major crisis, sus among the large parties to emerging economies that were transmission channels play a support enforcement in order aom aiGaMu;azmif;yGrIrSm 2001 ckESpfrS t[kefjzifh jyefvnfaumif;rGefvmcJhonf/ penalized the most. Typically, central role. Even if progress to enable change, even when 2010 ckESpftwGif; ysrf;rQtm;jzifh 23 Oa&myESifh *syefEdkifiHwdkYrSmvnf; tvm;wl PDQ\ KDG ¿VFDO DQG FXUUHQF\ will prevail internally, but fails it challenges entrenched inter- &mcdkifEIef;txd&SdaecJhonf/ jyefvnfaumif;rGefvmonfhtajctae DFFRXQW GH¿FLWV H[FHVVLYH LQ- externally, Myanmar would be ests. jrefrmEdkifiHonf t&G,ftpm;t& ydkrdk wGif&Sdaeonf/ b@ma&;rwnfrNidrfjzpf ÀDWLRQIDOOLQJJURZWKUDWHVDQG D̆HFWHGGXHWR¿QDQFLDOWUDGH BuD;rm;ovdki,f&G,faomvkyfom;tiftm;? rIu zGHUNzdK;qJEdkifiHrsm;ESifh zGHUNzdK;NyD;EdkifiHrsm; “While it does not directly threaten obm0"mwfaiGU? aMu;eD? uRef;opfESifh tm; oufa&mufrIjzpfapcJhonf/ tar ausmufrsuf&wemrsm;tygt0if aygrsm; &duef Federal Reserve \ aqmif&Guf the growth momentum or the ongoing reforms,

Pisit Changplayngam a 10 percent increase from 2013 when the company cut it sales hailand’s PTT Explora- target twice due to repeated de- tion and Production Pcl OD\VLQWKH0RQWDUD¿HOG TVDLGLWKDVFXWLWV¿YH\HDU He also said the startup of investment budget by 8 percent =DZWLND QDWXUDO JDV ¿HOG LQ and 2014 petroleum sales tar- Myanmar will be delayed by a get by 3 percent due to lower month and the new schedule RXWSXWIURPDQ$XVWUDOLDQ¿HOG will be in the second quarter of and a delay in the startup of a this year. JDV¿HOGLQ0\DQPDU 7KHÀDJVKLSFRPSDQ\RIVWDWH The country’s top oil and gas controlled PTT Pcl, ranked explorer aimed to spend $25 among Asia’s top 10 explorers, billion during 2014-2018, lower is scouting for oil and gas assets than the previously announced to boost energy security in fast- $27.5 billion after an asset swap growing Thailand. Southeast in the Canadian KKD oilsands Asia’s second-biggest economy project with Norway’s Statoil. relies on natural gas to generate “We don’t have to invest more almost 70 percent of its electric- after the restructuring in the ity. ..' SURMHFW 7KDW ZLOO D̆HFW ,QVHSDUDWHEULH¿QJ377VDLG

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Praveen Swami to regional leaders who are at- Pyi Daw after an overnight layo- Salman Khurshid, responding c&D;onfrsm;twdkif;yif yHkrSefavaMumif; tending a seven-nation summit ver. to Nepali media reports that c&D;pOfjzifh a&muf&Sdvmjcif;u a'o lying in to Myanmar’s in Myanmar. His delegation is made up incorrectly claimed that Koirala Koirala, Nepali diplomatic MXVW VHYHQ ṘFLDOV ± LQ VWDUN had travelled economy class. qdkif&m tBuD;tuJrsm;ESifh acgif;aqmif capital on a scheduled rsm;tm; NcdK;NcHacRwmrIudk rD;armif;xdk;jy ÀLJKW HYHQ DV KLV SHHUV VRXUFHVVDLGÀHZEXVLQHVVFODVV contrast with the over 100 dele- “They’ll expect all of us to do F from Kathmandu to Bangkok JDWHVVWD̆DQGPHGLDZKRKDYH the same.” Koirala arrived on special aircraft, Ne- vdkufozG,f&Sdaeonf/ onf pal’s newly appointed Prime on a scheduled Thai airways accompanied Prime Minister .KXUVKLGKRZHYHUÀHZEXVL- Kathmandu rS befaumufodkY Thai Minister Sushil Koirala held ÀLJKWDQGWKHQFDXJKWFRQQHFW- Manmohan Singh to the sum- ness class to Nay Pyi Taw, like airways avaMumif;jzifha&muf&Sdvmum out a quiet lesson in austerity LQJ ÀLJKWV WR

Wong Wei Han and economic transformation cross-border loans facilitated lion of foreign investment last Myanmar Summary in the last two years.” by UOB’s FDI advisory units, year, of which $127 billion went he expansion of Singa- Cheong made this comment as which amount to “double-digit LQWR&KLQD8QLWHG1DWLRQV¿J ta&SUawmiftm&Sa'owpf0ef;wGif SRUH ¿UPV DFURVV 6RXWK he highlighted the role of Singa- billions” of dollars, said the ures show. pifumylEdkifiH\ vkyfief;csJUxGifvmrIrSm Teast Asia continues to SRUH¿UPVLQGULYLQJWKHJURZWK bank. Meanwhile, in the Republic, qufvuft&Sdeft[kefjzifh pD;qif;aeNyD; gain pace, with activities clus- of UOB’s FDI advisory units, The growth experienced by ZKLFK LV D NH\ WUHDVXU\ DQG ¿ tered in Malaysia and Indone- which provide one-stop bank- 82%RQWKLVIURQWSDUWO\UHÀHFWV QDQFLQJ KXE IRU IRUHLJQ ¿UPV rav;&Sm;ESifhtif'dkeD;&Sm;aps;uGufrsm;onf sia, while Myanmar beckons as ing services – such as corporate the government’s ongoing push in the region, around half of vnf; pdwf0ifpm;jcif;cHae&aom aps; the next frontier for business loans and foreign-exchange set- for economic restructuring, WKH )', ÀRZV FRPLQJ WKURXJK uGufrsm;jzpfaeovdk jrefrmEdkifiHonf opportunities. tlements – for overseas compa- which has resulted in domestic UOB’s advisory unit are from vnf; pD;yGm;a&;tcGifhtvrf;rsm;twGuf This comes as more regional nies setting up shop in markets cost and manpower pressures Chinese companies, the bank’s aemufxyfe,fy,fopfwpfckyifjzpfonf/ and international companies abroad. on businesses, forcing them to data shows. Southeast Asian a'oqdkif&mESifhtjynfjynfqdkif&mukrÜPD are stepping up cross-border “We see more Singaporean look overseas for growth. ¿UPVWDNHXSDQRWKHUSHU rsm;taejzifh tm&Sa'o\ zGHUNzdK;wdk;wuf expansion in Asia to ride on the companies expanding their op- One of the popular destina- cent, while Western companies rI vsifjrefvmjcif;aMumifh tcGifhtvrf; region’s rapid growth, said Sam erations overseas. Over the last tions is Myanmar, where Sin- account for 20 percent. Cheong, head of UOB’s Group year, I have seen about a 30 per- JDSRUHFRPSDQLHVDUH¿UPO\HV Cheong said these regional aumif;rsm;udk zrf;qkyfudkifEdkif&eftwGuf Foreign Direct Investment FHQWLQFUHDVHLQORFDO¿UPVWKDW tablished in the hospitality and activities have enabled UOB to 0ifa&mufvmcJhMuaMumif; UOB \ (FDI) Advisory Unit. use our FDI advisory units for infrastructure sectors, among double its cross-border loans EdkifiHjcm;wdkuf½dkuf&if;ESD;jr§KyfESHrItBuHay; “For Singapore companies, overseas expansion,” he said. RWKHUV ,Q WKH ¿UVW KDOI RI ODVW ahead of a three-year target that vkyfief;rS tBuD;tuJjzpfol Sam Indonesia remains a hot spot “These include companies year, the Republic’s trade with was set in June 2011, when the Cheong u ajymMum;cJhonf/ (for overseas expansion) … that are expanding into the Myanmar grew 53 percent on- bank opened its FDI advisory pifumylukrÜPDtrsm;tjym;onf jynfy And, of course, Malaysia, where region to mitigate the labour year to $1.1 billion, data from services in Singapore. wGif vkyfief;csJUxGifvkyfudkifvmMuNyD; businesses are still looking at shortage in Singapore, while International Enterprise Singa- Iskandar as one of their logis- breaking into regional markets pore shows. vGefcJhonfhwpfESpfausmftwGif; EdkifiHjcm; tics hubs due to the cost factor,” that have a fast-growing middle $V 6LQJDSRUH ¿UPV H[SDQG wdkuf½dkuf&if;ESD;jr§KyfESHrItBuHay;vkyfief; he added. class.” abroad, they are joining the \ tultnDjzifh jynfywGif aps;uGuf “Another hot spot is Myan- As a result, demand from ranks of regional and global csJUxGifvkyfudkifvmvdkMuaom jynfwGif; mar, where we see a lot of inter- 6LQJDSRUH ¿UPVFXUUHQWO\DF businesses growing across Asia, vkyfief;rsm;rSm 30 &mcdkifEIef;txd est from FDI, given its political counts for about a quarter of the which attracted up to $406 bil- wdk;wufvmaMumif; od&onf/ 15 REGIONAL BIZ Myanmar Business Today March 13-19, 2014 mmbiztoday.com &KLQD6LJQDOV)RFXVRQ5HIRUPV$QG/HDQHU&OHDQHU*URZWK China targets 2014 economic growth of about 7.5pc; Eyes inflation target of around 3.5pc

Kevin Yao and with the past, some analysts Xiaoyi Shao said. That means Beijing may not be as radical in reforms as hina sent its strongest hoped. signal yet that its days “It’s a sign that maybe they Cof chasing breakneck are not going to tackle credit economic growth were over, growth as quickly as we thought promising to wage a “war” on they might,” said Julian Evans- pollution and reduce the pace Pritchard, an economist at Cap- of investment to a decade-low ital Economics in Singapore. as it pursues more sustainable Reuters expansion. In a State of the Union style Myanmar Summary address to an annual parliament w½kwfEdkifiHonf pD;yGm;a&;jyefvnf meeting that began last week, aumif;rGefvmonfhtajctaeudk zefwD; Premier Li Keqiang said China aimed to expand its economy by Kim Kyung-Hoon/Reuters EdkifvmcJhNyD; jyKjyifajymif;vJrIrsm;ESifh 7.5 percent this year, the high- Smog can be seen over new apartment buildings where the local government built homes for former miners and farmers as obm0ywf0ef;usifnpfnrf;rIrsm;jzpfay: est among the world’s major part of an urbanisation programme in Mentougou district, suburb of Beijing. onfhudpö&yfrsm;tay:wGif tm½Hkpdkuf powers, although he stressed wants to change tack and rebal- ered by consumption rather economy will stay on an even vmNyD; a&&SnfydkrdkwnfwHhzGHUNzdK;rIwpf&yf that growth would not get in the ance its economy. than investment, Li said. keel after its wobbly start for qDodkY &nfrSef;csufxm;um aqmif&Guf way of reforms. “Reform is the top priority for To aid the transformation, the year. Investors had been Li In carefully crafted language the government,” Li told around China’s economic planner, the worried by speculation that aeNyDjzpfonf/ w½kwf0efBuD;csKyf that suggested Beijing had 3,000 hand-picked delegates in National Development and Re- China may announce a cut in its Keqiang u w½kwfEdkifiHtaejzifh ,ck thought hard about leaving the KLV ¿UVW SDUOLDPHQWDU\ DGGUHVV form Commission, told parlia- growth target this week. ESpfwGif pD;yGm;a&;wdk;wufrIudk 7.5 &mcdkif forecast unchanged from last in a cavernous meeting hall in ment the government will target “Given that GDP growth is EIef;txd wdk;wufvm&ef &nf&G,fxm; year, Li said the world’s second- central Beijing. SHUFHQWJURZWKLQ¿[HG expected to be 7.5 percent for aMumif; ajymMum;cJhNyD; urÇmhtiftm;BuD; largest economy will pursue re- “We must have the mettle asset investment this year, the ‘longer’, we see this target as IRUPV VWUHWFKLQJ IURP ¿QDQFH WR¿JKWRQDQGEUHDNPHQWDO slowest in 12 years. supportive for the Asian region, EdkifiHrsm;tMum;wGif ,ckwdk;wufrIEIef; to the environment, even as it shackles to deepen reforms on Investment is the largest trade, and for commodity cur- xm;onf tjrifhqHk;EIef;xm;wpf&yfyif seeks to create jobs and wealth. all fronts.” driver of China’s economy and rencies,” said Annette Beacher, jzpfonf/urÇmh'kwd,pD;yGm;a&;tiftm; After 30 years of red-hot dou- Idle factories will be shut, pri- accounted for over half of last an analyst at TD Securities in tBuD;qHk;EdkifiHjzpfonfh w½kwfEdkifiHtae ble-digit growth that has lifted vate investment encouraged, year’s 7.7 percent growth by ris- Singapore. jzifh b@ma&;jyKjyifajymif;vJrIrsm;rS millions out of poverty but also government red-tape cut and ing 19.6 percent, above an 18 Others were less optimistic. polluted the country’s air and work on a new environmental percent target. By declining to lower its 7.5 onf obm0ywf0ef;usifqdkif&mjyKjyif water and saddled the nation protection tax speeded up to Asian currencies rose on the percent growth forecast, China ajymif;vJrIrsm;txd aqmif&GufoGm;rnf with ominous debt levels, China create a greener economy pow- news that China’s $9.4 trillion is betraying its refusal to break jzpfonf/ ,QGRQHVLDQ&RQVXPHUV/HVV2SWLPLVWLFRQ %XVLQHVV&RQGLWLRQV

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ndonesia’s consumers were less optimistic in Feb- ruary, expecting a slowdown in business conditions Iover the next six months, a central bank survey showed last week. 7KHFRQVXPHUFRQ¿GHQFHLQGH[HDVHGWRIURP 116.7 in the previous reading. A reading above 100 indi- cates that consumers in general are optimistic. But the Bank Indonesia survey said that optimism over the economy, compared with the last six months, as well as manageable price expectations had helped NHHSFRQVXPHUFRQ¿GHQFHUHODWLYHO\VWURQJ Prices pressures are expected to ease in the next three months, despite a general election in April, then rise during the Muslim fasting month in July, after which they will ease again. $QQXDOLQÀDWLRQLQ)HEUXDU\ZDVSHUFHQWHDV- ing compared with 8.22 percent in the previous month. &RUHLQÀDWLRQHGJHGXSWRSHUFHQWVSXUUHGE\JROG and processed food.Bank Indonesia reported annual loan growth in December of 21.4 percent, slowing from January’s 21.9 percent.The central bank expects annual LQÀDWLRQWREHDURXQGSHUFHQWLQReuters Myanmar Summary tif'dkeD;&Sm;EdkifiHrSpm;oHk;olrsm;\aps;uGuftay:,HkMunfrIrSm azazmf0g&DvwGif usqif;rI&SdvmcJhNyD; vmrnfh 6 vwmtwGif; pD;yGm; a&;tajctaersm;vnf;usqif;rIrsm;&Sdvmrnf[karQmfrSef;xm;aMumif; A[dkbPf\ ppfwrf;t& od&onf/ pm;oHk;olaps;uGuf,HkMunfrIñTef;udef;rsm;onf ,cifñTef;udef;trSwf 116.7 rS 116.2 odkY usqif;vmcJhaMumif; od&onf/ ,if;ñTef;udef; tm; zwf½I&mwGif ñTef;udef;trSwf 100 ESifhtxufonf pm;oHk;ol rsm;u aps;uGuftay: ysrf;rQtm;jzifh ,HkMunfrI&Sdjcif;tm; jyoonf [k t"dyÜm,f&aMumif; od&onf/ 16 INTERNATIONAL BIZ Myanmar Business Today March 13-19, 2014 mmbiztoday.com 'URXJKW:LWKHUV$XVWUDOLD¶V$JULFXOWXUDO2XWSXW Record cattle slaughter rates fuel 2013/14 beef imports trJom;uJhodkY pdkufysKd;a&;xkwfukef torical average levels due Australia’s largest cattle rsm;taejzifh xkwfvkyfrIusqif; to dry conditions. producing state and home rnfjzpfovdk ydkYukefwifydkYrIwGif The yields assumptions to half the national herd, vnf; usqif;vdrfhrnfjzpfaMumif; are based on a break in the have recorded the driest drought, but with fore- two years on record. tpdk;&\ vloHk;ukefypönf;rsm; casts for more dry condi- ABARES said Austral- a&;&moHk;oyfcefYrSef;onfh tBuD; tions across Australia’s ia’s national herd will fall tuJwpfOD;u ajymMum;cJhonf/ east coast, the commodity to 27.1 million head, the MopaMw;vsonf urÇmhwwd, forecaster acknowledged lowest since the 2009/10 tBuD;rm;qHk; *sKHwifydkYonfhEdkifiH further cuts to yields are season, a year also im- vnf;jzpfonf/ &moDOwktajc possible. pacted by drought. ³,W LV YHU\ GL̇FXOW WR But the following sea- taersm;aMumifh t"dupdkufysKd; forecast at the moment, son, 2014/15, ABARES, rIjyKvkyfonfhae&mrsm;jzpfaom it is not just the amount based on its assumption Queensland ESifh New South of rain, but also the tim- of a break in the drought, Wales wdkYwGifvnf; pdkufysKd;a&; ing ... you don’t need huge is forecasting cattle farm- u@qdkif&mxkwfvkyfEdkifrItajc amounts of rain in the ers will begin to rebuild taersm;rSm raocsmra&&monfh growth period, it just has stock, resulting in a fall to come at the right time,” in beef exports of nearly 7 tajctaewGif&SdaeaMumif;vnf; said Jammie Penm, chief percent. od&onf/ Andrew Meares/Pool commodity forecaster at If the drought breaks, MopaMw;vsEdkifiH\ *sKHxkwfvkyfrI Australian Prime Minister Tony Abbott (R) meets with outback graziers Phillip and Di Ridge of their ABARES, referring to un- exports would fall to 1.04 property named “Jandra” near Bourke in western New South Wales. Abbott was taking part in a drought onf ,ckESpfwGif rufx&pfwef tour with Australian Agriculture minister Barnaby Joyce. A drought in Australia has forced ranchers in certainty over yields in million tonnes, cement- csdef 27.013 oef; xkwfvkyfEdkif the world’s third-biggest beef exporter to cull cows, stoking fears of a global beef shortage in coming 2014/15. ing Australia’s position as rnfjzpfNyD; 2014-2015 wGif years with the U.S. herd at its lowest in six decades. Despite the dry condi- the world’s third-largest Colin Packham late season rains materi- key grain exporting re- tions, this season’s Aus- beef exporter, ABARES 8.2 &mcdkifEIef;usqif;oGm;rnf alise. gions. tralian wheat harvest said. jzpfum rufx&pfwefcsdef 24.795 rought conditions However, forecasts of Australian wheat pro- could be the country’s However, with the Aus- oef;om xkwfvkyfEdkifawmhrnf[k across Australia’s a return of dry El Nino duction is forecast to fall sixth-largest crop on re- tralian Bureau of Me- od&onf/ Deast coast will cut weather conditions across 8.2 percent to 24.795 mil- cord. Such a bumper crop teorology calling for a þuJhodkY xkwfvkyfrIavsmhuscJh production of key agricul- the key farming states lion in the 2014/15 sea- could drag on rising US continuation of hot, dry jcif;onf rdk;acgifonfhtajctae tural commodities such as of Queensland and New son from 27.013 million wheat prices. conditions in Queens- wheat and beef next sea- South Wales later in 2014 tonnes this year as dry land, cattle slaughter rsm;aMumifhjzpfaMumif;MopaMw;vs son and reduce exports, mean the prospects for conditions curb yields, Drought impacts beef rates could continue at EdkifiH\ pdkufysKd;a&;? t&if;tjrpf the government’s chief agricultural production the Australian Bureau of exports near record pace, limiting pD;yGm;a&;&mESifh odyÜHynma&;&m commodities forecaster remain uncertain. Agricultural, Resource Australia’s drought was any slowing of exports. Xme (ABARES) rS ajymMum;cJh said. Global markets will Economics and Sciences also resulting in record Reuters onf/*sKHpdkufysdK;rIrsm;udk ESpf&mcdkif The current season be watching forecasts of (ABARES) said. cattle slaughter rates, EIef;txd wdk;jr§ifhvkyfaqmifcJhaomf could see Australia, the Australia’s crop given ABARES said the de- prompting ABARES to up Myanmar Summary world’s third-largest concerns over Ukraine cline in production will its forecast for 2013/14 vnf; ajcmufaoGUaom&moDOwk wheat exporter, produce a tensions disrupting sup- come despite a 2 percent beef exports to 1.15 mil- MopaMw;vs\ ta&SUbufurf; tajctaersm;aMumifh xkwfvkyf bumper wheat crop, with ply from the Black Sea increase in acreage plant- lion tonnes. ½dk;wrf;wpfavQmufwGif rdk;acgif EdkifrIrSmusqif;vdrfhrnfjzpfaMumif; increased plantings and if area, one of the world’s ed as yields return to his- Parts of Queensland, onfhtajctaersm;aMumifh *sKHESifh ABARES rS ajymMum;cJhonf/ *OREDO6PDUWSKRQH*URZWKWR)DOO 6KDUSO\LQ,'&

Noel Randewich smartphones that be- mium’ will not be a ma- ododomomjzpfvmcJhovdk tjcm; gan with Apple’s iPhone jor factor in the regions zGHUNzdK;qJEdkifiHrsm;wGifvnf; tvm;wl rowth in global in 2007 is coming to an driving overall market tajctaersKd;&SdaeonfhtwGuf smartphone ship- end, at least in the Unit- growth,” IDC analyst ysrf;rQaps;EIef;rsm; ododomom Gments will fall ed States and other de- Ryan Reith said in a re- sharply this year and keep veloped countries where port. usqif;vmcJhNyD; urÇmvHk;qdkif&m slowing through 2018, consumers favour pricey, The average selling price prwfzkef;wifydkYrIudk xdcdkufap with average prices drop- top-tier handsets. for smarpthones last year aMumif; aps;uGufokawoevkyf SLQJ VLJQL¿FDQWO\ DV GH- Smartphone growth in was $335, already far be- ief; IDC rS tcsuftvufrsm; mand shifts to China and North America and Eu- ORZ ÀDJVKLS GHYLFHV OLNH other developing coun- rope is expected to shrink the iPhone 5S or Samsung t& od&onf/ tries, according to market to single digits and Japan Galaxy S4, and will fall to 2014 ckESpfwGif prwfzkef; UHVHDUFK¿UP,'& could even see a slight $260 by 2018, IDC said. rsm;wifydkYrIü wdk;wufrI&mcdkifEIef; Annual growth in 2014 slowdown in shipments Reuters udk 19.3 &mcdkifEIef;&Sdrnf[kcefYrSef is expected to be 19.3 per- in the next few years, IDC ;xm;NyD; 2018 ckESpfwGif wdk;wufrI cent and then decline to said. Myanmar Summary 6.2 percent in 2018, IDC Manufacturers are in- rSm 6.2 &mcdkifEIef;txd usqif; said in a report. That fol- creasingly focusing on ,ckESpfwGif urÇmvHk;qdkif&m oGm;vdrfhrnf[k ppfwrf;wpfckwGif lows a 39.2 percent jump China where many con- prwfzkef;wifydkYrIrsm;taejzifh IDC rS cefYrSef;oHk;oyfxm;onf/ in 2013 when smart- sumers are upgrading usqif;vmrnfjzpfNyD; 2018 ckESpf 2013 ckESpfwGif prwfzkef;rsm; phone shipments topped from basic cellphones to txd prwfzkef;wifydkYrIrsm;rSm wifydkYrIrSmyxrOD;qHk;tBudrftjzpf ELOOLRQXQLWVIRUWKH¿UVW smartphones selling for aES;auG;oGm;vdrfhrnfjzpfaMumif; time. under $300. 1 bDvD,Htxda&muf&SdcJhNyD; prwf The forecast reinforces “New markets for od&onf/ zkef;wifydkYrIwdk;wufrI&mcdkifEIef;rSm concerns on Wall Street JURZWK EULQJ GL̆HUHQW w½kwfEdkifiHodkY prwfzkef;wifydkYrI 39.2 &mcdkifEIef;txd ckefwufcJh that the explosion in rules to play by and ‘pre- wGif 0,fvdktm;tajymif;tvJ aMumif;od&onf/ 17 INTERNATIONAL BIZ Myanmar Business Today March 13-19, 2014 mmbiztoday.com )DFHERRN¶V6KHU\O6DQGEHUJ$QG 7KH5LVH2I:RPHQ%LOOLRQDLUHV

Connie Guglielmo pour more energy leadership roles. … If you have by college dropouts. She’s since into their careers, the best talent, you’re going to become a foil for Zuckerberg, n the world of self-made, stop tolerating have the best performance.” pushing the company toward hoodie-wearing technology that high achiev- That presumably will translate strong earnings performances Ibillionaires, Sheryl Sand- ers are termed to more women like Sandberg with improvements in mobile EHUJ KDV SXOOHG R̆ VRPHWKLQJ “bossy” while their VKDWWHULQJ WKH WHQ¿JXUH FHLO- strategy. In addition to her role improbable: She has joined male counterparts ing. at Facebook, Sandberg also sits their ranks without founding are praised as “ag- In her book, Sandberg de- on the board at the Walt Disney her own company or writing a gressive,” and pick tailed her intense negotiations Co. Forbes single line of code. partners who will with Facebook CEO Mark Zuck- Myanmar Summary The fact that Facebook’s chief share in parenting erberg as she was being courted RSHUDWLQJṘFHULVDZRPDQLV and household du- for the company’s chief oper- urÇmay:wGif oef;

Billionaires list, 42 are wom- Post/Getty Images Matt McClain/The Washington diversity not behalf a decade after accepting rSmvnf; oef;

Martin Dokoupil & Myanmar Summary Stanley Carvalho tar&duef\ pD;yGm;a&;wdk;wufzGHUNzdK; inancial markets should rIudk ,ckESpfwGif ydkrdkwdk;wufaumif;rGef not take an acceleration vmrnf[k cefYrSef;xm;Muaomfvnf; of US economic growth F aiGaMu;aps;uGufrsm;taejzifh raocsm this year for granted, former US Treasury Secretary Lawrence ra&&mrIrsm;&SdaeaMumif;vnf; tar&d Summers said last week. uefb@ma&;0efBuD;XmerS twGif;a&;rSL; “Many of us hoped that this a[mif;wpfOD;jzpfol Lawrence Summers will be the year (of faster US u vGefcJhonfh&ufowåywfu ajymMum; growth). But we cannot take it for granted yet,” Summers, also cJhonf/ a former top aide to President ,ckESpfonf tar&duef\pD;yGm;a&; Barack Obama, said in a speech ydkrdkzGHUNzdK;wdk;wufonfhESpfwpfESpfjzpfvm DWD¿QDQFLDOFRQIHUHQFHLQWKH rnf[k arQmfvifhcJhMuaomfvnf; rdrdwdkY United Arab Emirates’ capital. taejzifh tcdkiftrmrajymqdkEdkifao; “The last couple of months’ Summers data for the US were not what aMumif; u ,lattD;wGif we wanted them to be. Partly jyKvkyfaom b@ma&;qdkif&mawGUqHk or almost everything is perhaps aqG;aEG;yGJwpfckwGif ajymMum;cJhonf/ due to weather, but we cannot vGefcJhaom vtenf;i,ftwGif; tar entirely count on it,” he said. &duef\pD;yGm;a&;tcsuftvufrsm;onf

Summers, now an economist Gary Cameron/Reuters rdrdwdkY arQmfvifhcJhonfhtwdkif;jzpfrvmcJh at Harvard University, with- Former US Secretary of the Treasury and Harvard University’s Lawrence Summers delivers remarks at the National Associa- drew last September from the tion for Business Economics Policy Conference in Arlington, Virginia. D0XPLIYQI}LIXDM\P0XPF-KRQI nomination race to replace for- sources of oil and gas, was a big has diminished returns in the year, did not look extremely [m;Awfwuúodkvf\ pD;yGm;a&;ynm&Sif mer Federal Reserve Chairman positive for the US economy. economy and there are con- expensive but was also not out- wpfOD;jzpfonfh Summers u a&eHESifh Ben Bernanke, whose term ex- But he added, “Risks in the US cerns about the way the impact standingly cheap. obm0"mwfaiGUt&if;tjrpfrsm;tm; pired in January, opening the are much more on the side of of low interest rates is being It’s probably a relatively good azmfaqmifvkyfudkifvmEdkifonfhtcsufu door for Janet Yellen. GHÀDWLRQDQGVWDJQDWLRQUDWKHU transmitted through the econo- time to buy US real estate as the He said the fracking revolution WKDQLQÀDWLRQDQGRYHUKHDWLQJ´ my, Summers said. market has turned the corner tar&duef\ pD;yGm;a&;twGuf tvGef in the United States, which is al- Ultra-loose monetary policy, He added that the US stock and growing, Summers said. aumif;rGefaomtcsufwpfckyifjzpfaMumif; lowing it to tap unconventional known as quantitative easing, market, which rose sharply last Reuters ajymMum;cJhonf/ 18 INVESTMENT & FINANCE Myanmar Business Today March 13-19, 2014 mmbiztoday.com 0$5&3URMHFWWR3URYLGH 0LOOLRQWR0\DQPDU0),V

Phyu Thit Lwin *kPf,laMumif;? acs;aiGvdktyfaeaom ive Myanmar-based civil tdrfaxmifpkaygif; 45000 txd&SdaeNyD; society organisations will }LIZGN

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The ASEAN Economic Congress Corporate ASEAN and the advent of the ASEAN Economic Community $SULOȧ+RWHO0XOLD6HQD\DQ-DNDUWD

In anticipation of the 2015 ASEAN Economic Community (AEC), the region is transforming itself into a single regional common market with free movement of goods and services. The longer term implications to trade, labour and capital flows will be great for this convergence story.

Find out how business leaders are positioning their companies to adapt to an open ASEAN market which will comprise of over 600 million people and 10 countries.

Join the region’s top policymakers, C-level business executives, bankers and thought leaders in Jakarta, home of the ASEAN Secretariat, on 2 April to find out what the AEC will mean for the future of your company.

Euromoney will examine key themes of the AEC for both the public and private ectors including:

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Kyaw Min ance audit and customs risk management will be strength- he Myanmar Customs ened with the MACCS, it added. Department under the Both parties signed Record of TMinistry of Finance and Discussions (R/D) on the pro- Japan International Coopera- ject – Capacity Development tion Agency (JICA) are going for National Single Window to implement a technical coop- and Customs Modernization eration project in a bid to mod- and Introducing Automated ernise Myanmar’s customs and Cargo Clearance System – at introduce an automated cargo WKH 0\DQPDU &XVWRPV 2̇FH clearance system. in Yangon. The agreement was With an expected rise in trade signed by U Htun Thein, direc- volume in near future, Myan- tor general of Customs Depart- mar Customs is trying to up- ment, and Masahiko Tanaka, grade its decades-old customs chief representative of JICA clearance procedures and busi- 0\DQPDU2̇FH ness process by introducing an automated cargo clearance and Myanmar Summary risk management system. 8QGHUWKHSURMHFWWKHṘFLDOV b@ma&;0efBuD;Xmevufatmuf&Sd of Myanmar Customs will gain taumufcGefOD;pD;XmeESifh*syeftjynfjynf knowledge and skills to operate, maintain and manage My- qdkif&myl;aygif;aqmif&Gufa&;at*sifpDwdkY anmar Automated Cargo Clear- onf enf;ynmyl;aygif;aqmif&GufrIpDrH ance System (MACCS/MCIS), udef;wpfckudk taumiftxnfazmfaqmif Sherpa Hossainy JICA said in a statement. &GufoGm;rnfjzpfNyD; jrefrmEdkifiH\taumuf JICA will dispatch three long- cGefpepftm; tqifhjr§ifhwif&efESifh term experts and short term automated cargo clearance experts as needed, and the du- pepf ration of the project will be four wpfckudk rdwfqufay;oGm;&eftwGuf 0\DQPDU VGHFDGHVROGFDUJRFOHDUDQFHV\VWHPKDVEHFRPHLQHIIHFWLYHDVWKHFRXQWU\ VWUDGHYROXPHVXUJHV7KH0\DQPDU years. &nf&G,faMumif; od&onf/ Customs will receive a Japanese grant to streamline its procedures and introduce an automated cargo clearance system. JICA said necessary laws and vmrnfhtem*wfwGif ukefoG,frIyrmP BudK;yrf;aeNyD; ydkrdkaumif;rGefonfhpepf Clearance System (MACCS/MCIS) qdkif&myl;aygif;aqmif&Gufa&;at*sifpDrS regulations as well as security zGHUNzdK;wdk;wufvm&ef arQmfrSef;xm;onfh pepfudk aqmif&Gufxdef;odrf;rIrsm; jyKvkyf policy and mechanism for prop- wpfcktm; tpm;xdk;toHk;jyKoGm;rnfjzpf umvwdkESifh umv&SnfESpfckpvHk;twGuf er operation of MCIS will also twGuf jrefrmhtaumufcGefOD;pD;Xmetae onf/ oGm;&eftwGuf vdktyfaom todynm vdktyfaom uRrf;usifynm&Sifrsm;tm; be developed. In addition, ca- M]LIK }LI?TISN(6SIUVPS*PRXIZUI tqdkygtpDtpOftm; jrefrmhtaumuf ESifhpGrf;&nfrsm;udk&&SdoGm;aprnf[kvnf; apvTwfay;oGm;rnfjzpfum ,if;tpD SDFLWLHV RQ WDUL̆ FODVVL¿FDWLRQ Mum&SnfaeNyDjzpfaom taumufcGef cGefOD;pD;XmerSwm0ef&Sdolrsm;taejzifh *syeftjynfjynfqdkif&myl;aygif;aqmif&Guf tpOfonfav;ESpfwmMumjrifhrnf[kvnf; customs valuation, post clear- vkyfief;pOfrsm;tm; tqifhjr§ifhwif&ef Myanmar Automated Cargo a&;at*sifpDrSqdkonf/ *syeftjynfjynf od&onf/ 7KDLODQG:DQWV0\DQPDUWR8VH%DKWWR%RRVW7UDGH

Shein Thu Aung countries. Myanmar said it will decide on of a trade-related stimulus pro- vGefcJhonfhESpf Edk0ifbmvwGif aejynf The move came after the con- the matter soon as its national gramme aimed at generating hailand is calling on My- clusion of the 7th Meeting of bank is currently undergoing a at least THB12 billion ($371.56 awmfü jyKvkyfusif;ycJhaom ckepfBudrf anmar to use the Thai Thailand-Myanmar Joint Com- new administration transition. million) in trade value by 2015. ajrmuf ESpfEdkifiHyl;aygif;aqmif&GufrIa&; Tbaht as a medium of ex- mission for Bilateral Coopera- Both countries had been en- Thailand has reiterated its &m xdkif;-jrefrmyl;aygif;aumfr&SifawGUqHk change in the country’s domes- tion held in Nay Pyi Taw last joying steady growth in trade support for the establishment aqG;aEG;yGJtNyD;ü ,ckuJhodkY xdkif;EdkifiHu tic trade in a bid to boost trade November, the National News and investment, with Thailand of the Dawei special economic xdkif;bwfaiGtm; jynfwGif;ukefoG,frI and investment between both Bureau of Thailand (NNT) said. pushing for the development zone which it believes would be able to create investor con- udpö&yfrsm;wGif toHk;jyKoGm;&ef wdkuf ¿GHQFH wGef;ajymMum;jcif;jzpfaMumif; National Thailand has also urged My- News Bureau of Thailand (NNT) anmar to give its support to the rS ajymMum;cJhonf/ ACMECS Single Visa (ASV) to jrefrmEdkifiHtaejzifh ,cktcg A[dkbPf attract more visitors from other countries. jyKjyifajymif;vJrIrsm;udk aqmif&Gufae Myanmar on her part is seek- onfhtwGuf tqdkygudpö&yfESifhywfouf ing assistance from Thailand in í rMumcifqHk;jzwfcsufrsm;udk jyKvkyf the areas of agricultural tech- oGm;rnfjzpfaMumif; od&onf/ jrefrm nology and labour cooperation. EdkifiHESifhxdkif;EdkifiHwdkYonf ESpfEdkifiHtMum; ukefoG,frIESifh&if;ESD;jr§KyfESHrIrsm; wdk;wuf Myanmar Summary vmNyD; xdkif;EdkifiHrSvnf; ukefoG,frIESifh jrefrmEdkifiHESifh jynfwGif;ukefoG,frIrsm; qufpyfonfh vHIUaqmfrItpDtpOfrsm; jyKvkyf&mwGif Mum;cHaiGaMu;vJvS,frI zGHUNzdK;wdk;wuf&eftwGuf tifwdkuftm; pepftjzpf xdkif;bwfaiGtm; toHk;jyK wdkuf vkyfaqmifaeNyD; 2015 ckESpfwGif oGm;&ef xdkif;EdkifiHu jrefrmEdkifiHtm; tenf;qHk; xdkif;bwfaiG 12 bDvD,H wdkufwGef;cJhNyD; ESpfEdkifiHtMum; ukefoG,frI (tar&duefa':vm 371.56 rDvD,H) ESifh &if;ESD;jr§KyfESHrIrsm; wdk;wufvmap&ef txd ukefoG,frIwefzdk;&Sdvm&ef &nf&G,f

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ty. Investing on the other hand is an activity that is intended to grow over a certain timeframe, despite that fact that it may go through extended peri- ods of drawdown. For in- David Mayes stance, even though certain asset classes such as t is very easy to be- emerging market equities come confused by the are very volatile and may Iabundance of seem- GURS VLJQL¿FDQWO\ LQ DQ\ ingly investment related one given year, a diversi- material available on the ¿HGSRUWIROLRRIWKHPZLOO internet today. Making be expected to grow over sense of it all is sometimes a long enough timeframe. enough to make even an A speculative holding, on investment profession- the other hand, may in al’s head spin. Generally fact go down to zero for- Lucas Jackson/Reuters speaking there are two ever. types of activities that fall Knowing which types under the broad umbrella of assets are speculative of what most people sim- and how much of your ply think of as “investing”, net worth is generally and understanding the considered a good idea to The main difference between investing and speculating is that speculating is generally considered to be an activity that you do with money GL̆HUHQFH EHWZHHQ WKH put into speculative posi- that you can afford to lose in its entirety. WZRFDQKHOS\RX¿OWHURXW tions can help you avoid and strategies. provides advice on pen- &Sdonfhtcsufrsm;rSmvnf; ta&;yg odjrifvmEdkifonf/ tqdkyg½kyf&Sif much of the information much of the garbage that There is some overlap sions and taxation. aomtcsuf rsm;yif jzpfonf/ um;wGif vD,dkem'dk\Zmwfaumif out there. One activity is is out there and help you where the line between Myanmar Summary rSef;qum pGefYpm;&if;ESD;jr§KyfESHrIrsm; p½dkufonf vlrsm;tm; tvGef actually investing, and know which “news” or investing and speculating onf tcsdefwdktwGif; tusKd; trif; pGefYpm;&if;ESD;rIjyKvkyf&ef the other is speculating. I opinion is not really of gets blurred, for instance have mentioned this dis- interest to the matters of going heavy into a sector &if;ESD;jr§KyfESHolrsm;onf trSef tjrwfrsm;pGm&&SdEdkifrnf[k xif twGuf tm;ay;rIjyKvkyfaomyHkpH WLQFWLRQEHIRUHEULHÀ\EXW your investment portfo- such as mining or a coun- wu,f&if;ESD;jr§KyfESHjcif;ESifh rSef;q &aom qGJaqmifrIaMumifhyifjzpf rsKd;jzpfNyD; xdkodkYjyKvkyfjcif;aMumifh thought it might be good lio. Investing in individu- try such as Russia, as you um pGefYpm;&if;ESD;jr§KyfESHrIudk tao NyD; &if;ESD;jr§KyfESHolrsm;taejzifh }LIWZ*XI DXPIU 6LIFUVPS*P 6G WR H[SODLQ WKH GL̆HUHQFH al technology and up and may have read about in tcsmuGJjym;pGmod&Sd&ef vdktyfonf/ taotcsmrpOf;pm;roHk;oyfbJ onfudk awGUjrifEdkifonf/ xdkuJhodkY in a little more depth. coming stocks, start-ups, my recent articles. These odkYr[kwfvQif &if;ESD;jr§KyfESHolrsm; pGefYpm;rdygu qHk;½HI;rIrsm;ESifhBuHKawGU aomtcsufrsm;aMumifhyif &if;ESD; I just recently watched IPOs, pink sheets, private should be viewed as in- the movie “The Wolf of equity, naked options, fu- vestments, but as a part WDHM]LIK}LIZNG<\GNLITGNLIDRPH &Edkifonfhtcsufwpfckyifjzpfonf/ jr§KyfESHolrsm;ESifh vkyfief;&Sifrsm; Wall Street”, and the way tures, currencies, and art- RIDZLGHUGLYHUVL¿HG Opömrsm;udk qHk;½HI;Edkifonf/ &if;ESD;jr§KyfESHrI[kqdk&mwGif ,aeY onf tBuHay;rsm;udk vdktyfjcif; the main character got work are all examples of portfolio. For instance xdktcsufudk trSefwu,fod&Sd &if;ESD;jr§KyfESHNyD; aemufaeYtusKd; yifjzpfonf/&if;ESD;jr§KyfESHrIumv KLV VWDUW LQ ¿OP VHULRXVO\ speculative activities. Fol- maybe you become over vmygu &if;ESD;jr§KyfESHolrsm;twGuf tjrwf&&Sdjcif;rsKd;r[kwfbJ tcsdef twGif; rdrd&if;ESD;jr§KyfESHxm;onfh made my stomach turn. lowing short term trading weighted in one of these rsm;pGmtusKd;&SdapNyD; vkyfief; twdkif;twmwpfcktxdapmifhpm; vkyfief;\ twuftusoabm Those in our industry are strategies yourself is also to 15-20 percent of the rsm;wGif&if;ESD;jr§KyfESHonfhtcgvnf; &avh&Sdonfht&mwpfckjzpfonf/ obm0udk em;vnfxm;&rnfyif PHDQWWREHERXQGE\D¿- a speculative strategy. equity portion of a port- duciary duty to act for our Indexing across sec- folio, where equity makes cdkifrmaocsmvmaprnfyifjzpf tcsdefwdktwGif; tusKd;tjrwf jzpfovdk zGHUNzdK;qJaps;uGufrsm;\ clients as we would for tors and countries or re- up 40 percent of the over- onf/ &if;ESD;jr§KyfESHonf[kqdk&mü rsm;pGm&&SdEdkifonf[k xif&aom &S,f,mrsm;yifvQif rwnfrNidrfrI ourselves. The sad truth gions with the intent to all portfolio, just to give tusKd;tjrwfwpfckwnf;udkom pGefYpm;&if;ESD;jr§KyfESHrIrsm;onf rsm;&SdaeNyD; usqif;EdkifrIrsm;&Sdae unfortunately is that in hold long term is more an example. For those of arQmfrSef;í &if;ESD;jr§KyfESHrIjyKvkyfjcif; aocsma&&mrIr&SdEdkifovdk &if;ESD; onf/umvwdkpGefYpm;&ifqdkifrIrsm; reality there are many along the lines of what you who want to watch a rsKd;r[kwfbJ jzpfEkdifonfhtajc jr§KyfESHolrsm;tm; oknae&mtxd udjyKvkyfrnfqdkyguvnf;rdrdwdkY out there in the advice you should be thinking PRYLHWKDWSRUWUD\VD¿J- qGJcsoGm;Edkifonf/ xdktcsufESifh ydkifqdkifrI\ 10 yHk 1 yHkudkom industry who probably of as investing. Investing ure on Wall Street that I taet&yf&yfudk oHk;oyf&NyD; “The Wolf of Wall have similar moral char- with some fund manag- have always used a moti- pdkufxkwftoHk;jyKrnfhaiGvHk;aiG&if; ywfoufí &if;ESD;jr§KyfESHrIjyK&efjzpfonf/ acteristics as those in the ers who have successfully vational tool for myself, ESifhtcsdefumvtwdkif;twm tp Street” ½kyf&Siftm; Munfhjcif;jzifh ¿OP+RZHYHULIWKHLUYLF- developed a long term and portrays a character tims had been educated track with some of the in stark contrast to the enough to understand the speculative strategies I one recently played by GL̆HUHQFHV EHWZHHQ LQ- mentioned above, as long Leonardo Dicaprio, check vesting and speculating, as it line with an over- out “The Pursuit of Hap- any damage done would DOO ³GLYHUVL¿HG SRUWIROLR´ piness” with Will Smith. KDYH EHHQ YHU\ LQVLJQL¿- approach would also be I hope the reality is that cant to the victims over- considered investing. You there are actually more DOO¿QDQFLDOZHOOEHLQJ,I can also of course assem- of these types of charac- \RXKDYHQ¶WVHHQWKH¿OP EOHDGLYHUVL¿HGSRUWIROLR ters out there, but under- basically Leonardo’s char- of high quality companies standing the above should acter scams people into yourself following fun- protect you from making making extremely specu- damental valuation tech- a large mistake if you run lative bets so he can earn niques and even include across someone who isn’t. a very high commission. a small portion of your David Mayes MBA He gets very rich while his investment portfolio in provides wealth man- clients all lose money. speculative positions. It agement services to ex- 7KHPDLQGL̆HUHQFHEH- needs to be a very small patriates throughout tween investing and spec- percent, I like to recom- Southeast Asia, focusing ulating is that speculating mend keeping it under 10 on UK Pension Trans- is generally considered to percent. The main key to fers. He can be reached be an activity that you do investing is diversifying at david.m@faramond. with money that you can across a broad spread of com. Faramond UK is D̆RUGWRORVHLQLWVHQWLUH- securities, asset classes, regulated by the FCA and 22 INVESTMENT & FINANCE Myanmar Business Today March 13-19, 2014 mmbiztoday.com 7DLZDQ0LVVLRQ$LPVWR%RRVW7UDGHZLWK0\DQPDU Nwe Zin last year, while it expects to hold Myanmar Summary more than ten events in 2014, he Taiwan Trade Centre including the “Auto Expo”, also &efukef&Sd xdkif0rfukefoG,fa&;pifwm (TTC) in Yangon is look- called EMMA show, in July. onf jrefrmEdkifiHwGif pD;yGm;a&;tcGifh Ting to explore business “Since the Myanmar market tvrf;aumif;rsm;udk &SmazGaeNyD; ESpfEdkifiH opportunities in Myanmar and opening, the Taiwanese enter- tMum; ukefoG,frIwdk;wufvmap&ef prises are looking at present- boost bilateral trade between twGufjzpfaMumif; ukefoG,fa&;wdk;wuf the two countries, the trade ing Taiwan’s best products and promotion organisation said. services, and investments in vmrItwGuf BudK;yrf;aqmif&Gufaeonfh The trade agency organised a Myanmar,” the agency said in a at*sifpDu ajymMum;cJhonf/ business matching for a delega- statement. tqdkygukefoG,fa&;at*sifpDonfvGef tion comprising 30 Taiwanese One of the most prominent in- cJhonfhtywfwGif xdkif0rf&Sd vkyfief;u@ vestment projects conducted by suppliers of various industries toD;oD;rS vkyfief;&Sif 30 yg0ifonfh last week, which was attended Taiwanese enterprises in Myan- by more than 200 companies. mar is the fdimensional drying Files awGUqHkaqG;aEG;yGJwpfckudkpDpOfcJhNyD; ukrÜPD 7KH FHQWUH RUJDQLVHG ¿YH and storage systems at 107 mile Taiwanese entrepreneurs are tiles, electronics and other pro- aygif; 200 ausmf wufa&mufcJhaMumif; business events in Myanmar on the way to Nay Pyi Taw. looking into investing in tex- jects in Myanmar, TTC said. od&onf/

)URPSDJHĪ0\DQPDU¶V+\GURSRZHUī stitute for Security and Devel- opment Policy (Sweden) and ing peace economy in Myan- a Non-Resident Fellow at the mar, as explored by the author 3DFL¿F)RUXP&HQWHUIRU6WUD- in previous work at the Institute tegic and International Studies for Security and Development (USA). His research focuses on Policy (ISDP), also seems to FRQÀLFW PDQDJHPHQW DQG UH- be present in negotiations and source security. He is currently FRQÀLFW DURXQG K\GURSRZHU based in Southeast Asia. Stefan projects. Döring is a former intern at For instance, a portion of the ISDP and is pursuing a Master area surrounding the proposed LQ3HDFHDQG&RQÀLFW5HVHDUFK Hutgyi dam site had long been at Uppsala University, Swe- under the control of the Demo- den. The article was originally cratic Karen Benevolent Army published as a Focus Asia pa- Brigade 5 (DKBA-5; a splinter per with the ISDP and has been of the DKBA, an armed ethnic republished with the authors’ group). In April 2013, govern- permission. ment forces clashed with the

DKBA close to the dam site as )URPSDJHĪ0\DQPDU¶V+\GURSRZHUī the latter refused to leave their nearby base. txdudk wnfaqmuf&ef pDpOfaeaMumif; The Burma Rivers Network, od&onf/ jrefrmEdkifiH\pGrf;tifu@ an alliance of several local en- WMC vironmental activist groups, a Chinese-backed $3.6-billion and international media atten- been made public. twGuf tajccHtaqmufttHkrsm;vdktyf believe that up to 50 clashes venture that was suspended by tion. As well as issues with local csufrsm;vnf;&SdaeNyD; EdkifiHwGif; vQyfppf between military forces and Nay Pyi Taw much to the cha- In addition to land acquisi- residents, agreements between "mwftm;jywfawmufrIrsm;vnf; rMum armed ethnic groups have oc- grin of Beijing. The protests tion, many of the local protests all riparian states – China, cPBuHKawGUae&onf/ pD;yGm;a&;NrdKUawmf curred in connection with on- against the Myitsone dam, situ- focus on the consequences for Myanmar and Thailand – are &efukefwGif vQyfppf"mwftm;jywfawmuf going hydropower projects in ated in northern Myanmar’s people’s livelihoods and the needed. Changes to upstream rIrsm;udk BuHKawGU&rIu tcuftcJrsm;udk the last three years. While this Kachin state, have received the environmental impacts of the river systems can have sig- cannot be independently veri- most attention in recent years. hydropower projects. Reports QL¿FDQW H̆HFWV RQ GRZQVWUHDP jzpfapovdk urÇmhbPf\ tcsuftvuf ¿HGLWLVQHYHUWKHOHVVDSSDUHQW Dam construction was blamed about the construction of Kun- users. A formal multilateral rsm;t& jrefrmEdkifiHvlOD;a&\ av;yHk that the ongoing peace process for the breakdown of the 17- long dam, for instance, men- agreement would help the sus- wpfyHkom vQyfppf"mwftm;&&SdaMumif; needs to address land rights and \HDU FHDVH¿UH ZLWK WKH .DFKLQ tion that an area with 64 houses tainable management of the vnf; od&onf/&v'ftaejzifh vQyfppf other issues that are directly as- Independence Army in mid- and 300 acres of agricultural river system. Such agreements "mwftm;jywfawmufrIrsm;u jrefrmEdkifiH sociated with dam construction. 2011. Clashes between the Tat- land will probably have to be can be a vital institutional step As such, dam construction re- madaw and the KIA, who were ÀRRGHG,WUHPDLQVWREHVHHQLI towards more integrative wa- \pD;yGm;a&;zGHUNzdK;wdk;wufrIrsm;udk xdcdkuf mains a bartering chip for eth- concerned over the expansion land and house owners will be ter management and averting apNyD; vkyfief;rsm;taejzifh vHkavmuf nic groups, armed or otherwise, of the dam, have led to a rising compensated adequately for the transboundary water disputes. aom pGrf;tifaxmufyHhrIESifh ,HkMunf to use at the negotiating table. death toll. As construction re- expected losses. ,QRUGHUWRPLQLPLVHFRQÀLFW pdwfcs&onfh pGrf;tiftajccHtaqmuf Land acquisition has been a mains suspended at the Myit- Recent reports on the Upper the development of hydropower ttHkrsm;&Sd&eftwGuf vdktyfonf/ key driver for protests in dam sone dam pending further eval- Paunglaung dam, situated 50 GDPVVKRXOGIRFXVRQVFLHQWL¿F vmrnfh ESpf 20 twGif; pGrf;tif construction across the coun- uation and negotiation, protests kilometres southeast of Nay Pyi and environmental assessments try. This was most notable in and clashes at other dam sites Taw, indicate that locals have and community and regional vdktyfrIrSmvnf; 3.1 &mcdkifEIef;jrifhwuf the case of the Myitsone dam, have also generated national allegedly not been informed engagement during the plan- vmrnf[k tm&SzGHUNzdK;wdk;wufa&;bPf about whether their village ning stages. The harnessing of u cefYrSef;xm;NyD; wpfcsdefwnf;rSmyif ZRXOGEHD̆HFWHGRUQRW6WXG- Myanmar’s hydropower poten- vQyfppf"mwftm; xkwfvkyfrIpkpkaygif;\ "Up to 50 clashes between military ies by the Electricity Generating tial can and should be looked at 20 &mcdkifEIef;onf a&tm;vQyfppfrS&&Sd Authority of Thailand (EGAT), as an opportunity for Nay Pyi involved in at least two large- Taw and traditionally opposed jcif;jzpfvdrfhrnf[k od&onf/a&tm;vQyf forces and armed ethnic groups VFDOHSURMHFWVLGHQWL¿HGYLO- ethnic groups to work together ppfpDrHudef;opftopfrsm;rS xGuf&Sdaom ODJHV WR EH SDUWLDOO\ D̆HFWHG IRUPXWXDOEHQH¿W:KLOHSURE- vQyfppf"mwftm;rsm;udk w½kwfEdkifiHESifh have occurred in connection with while another six villages need lems are likely, they should be xdkif;EdkifiHodkY wifydkYoGm;&ef pDpOfxm;NyD; to be relocated. Environmen- handled through dialogue and oHvGifjrpfay:wGif wnfaqmuf&ef pDpOf ongoing hydropower projects in the tal rights organisations suggest negotiation aimed at sustain- xm;onfh a&tm;vQyfppfqnfpDrHudef; that 30,000 people have been able and mutually acceptable forced to relocate. Additionally, development. rsm;rS xkwfvkyf&&SdrnfhvQyfppf"mwftm; last three years." complaints about inadequate Elliot Brennan is a Non-Resi- yrmP\ 25 &mcdkifEIef;udkom jynfwGif; compensation have frequently dent Research Fellow at the In- twGuf toHk;jyK&ef pDpOfxm;onf/ 23 PROPERTY & REAL ESTATE Myanmar Business Today March 13-19, 2014 mmbiztoday.com &ROXPQ'RLQJ%XVLQHVVLQ0\DQPDU 8QGHUVWDQGLQJ/DQG7LWOHVLQ0\DQPDU

transferable and can only Freehold Land or Grant company, whose lease pe- be taken back by the gov- Land but with the titled riod may be granted to 30 ernment for the state’s in- document called “La Na years. There is however terest and in accordance 39” issued by the State/ no legal provision which with the Land Acquisition Division Peace and De- bars foreigners from hav- Act 1894. Freehold land velopment Council in the ing access to rights for Ag- exists mostly in big cities relevant area under the ricultural Land or Cultur- such as Yangon and Man- Land Nationalization Act able Land. Chulapong Yukate dalay and with the very 1953. The Town Land is Chulapong Yukate is few instances in small GL̆HUHQWLDWHG IURP WKH the Chairman of Myan- conomists believe town and villages. Freehold Land and the mar Advisory Limited land is one of the Grant Land. In some small and can be contacted at Emost valuable as- Grant Land towns that are expanding, [email protected]. sets on earth and that’s Grant land is owned by many plots of land trans- Myanmar Summary why we call land the “real” the government. Land at Sherpa Hossainy formed to La Na 39 type estate. When it comes to the disposal of the govern- land. This La Na 39 type pD;yGm;a&;ynm&Sifrsm;u ajr,m the issue of understand- ment may be disposed of land could also eventually ing land titles in a for- by grant or lease to any en- became the Grant Land onfurÇmay:wGifwefzdk;t&SdqHk; eign country, especially tity for a stipulated period such as the town of Dagon "eOpömypönf;rsm;teufrSwpfck for businesspeople who described in the document A plot of land in Myanmar’s capital Nay Pyi Taw. Myothit in the outskirt of jzpfaMumif; ,HkMunfMuNyD; jynfy invest there, it can be dif- known in the Myanmar session for agricultural Cabinet to extract timber, Yangon were initially the EdkifiHwpfckwGif ajr,mvkyfydkifcGifh ¿FXOW WR FRPSUHKHQG WKH language as “Ga-Yan”. The purpose. At present, all FXW¿UHZRRGDQGSURGXFH agricultural land but its rsm;ESifhywfoufíem;vnfoabm GL̆HUHQW OD\HUV DQG FDW lease period can range up agricultural land is under charcoal. Approval is also status was changed to La aygufrI (txl;ojzifh jynfyEdkifiH egories. Land title in My- to 90 years and it is trans- the exclusive state-owner- required of government Na 39 type land. The La anmar is no exception. ferable. For Yangon, grants ship and thus all agricul- enterprises involved with Na 39 type land is trans- wGif &if;ESD;jr§KyfESHonfh pD;yGm;a&; There are 22 laws in My- are given by the Yangon tural land may be leased gem mining or oil explo- ferable. vkyfief;&Sifrsm;twGuf)onf rwlnD anmar which govern the City Development Com- to farmers who automati- ration/activities in the 7KH DERYH ¿YH W\SHV RI uGJjym;jcm;em;aomtcsufrsm;udk issues of land, land admin- mittee (YCDC) and for cally become tenants to forest land. land titles are typically em;vnfoabmayguf&ef cufcJ istration and land own- Mandalay by the Mandalay the land. Under the above involved in some forms Edkifonf/ ership, ranging from the City Development Com- law, the government may Culturable Land of business which the 2008 zGJUpnf;yHktajccHOya' provisions under the Con- mittee (MCDC). Both cit- stipulate the conditions The government may foreign investors will be stitution of the Republic of ies have their own Devel- to which the tenants must grant the rights to cul- likely to come across. The rSonf 1876 ckESpfwGif xkwf jyef Union of Myanmar (2008) opment Committee Laws. adhere to, failure of which tivate/utilise to joint- other types of land titles jy|mef;cJhrIrsm;t& jrefrmEdkifiH wGif to the Lower Burma Land For other cities or towns, may result in the termina- ventures, state owned are Garden Land, Graz- ajr,ma&;&m?ajr,mpDrHcefYcGJrI Revenue Manual issued grants are given by the tion of the tenancy, or for enterprises or other or- ing Land, Village Land, ESifhajr,mydkifqdkifrIwdkYtwGuf in 1876. Therefore refer- concerned districts general serious breach like selling ganisations and private in- the Cantonments and the Oya'aygif; 22 ck&Sdaeonf/ ring to or even outlining administration depart- or transferring the leased dividuals on a commercial Monastery, which, except bdk;bGm;ydkifajrqdkonfrSm jrefrm such laws in this article is ments as they fall within agricultural land, shall be basis such as for agricul- for the Village Land, are impossible. From the busi- the broader application of subject to the prosecu- ture or livestock breeding. not transferable. EdkifiHwGif bdk;bGm;bDbifwdkY\ajr,m ness point of view, howev- the development commit- tion. The agricultural land The governing authority yifjzpfNyD; vTJajymif;ay;Edkifovdk er, following quick visit to tee laws which apply to all is not transferable. to grant the rights is the Ownership by Non- tpdk;&rS 1894 ajr,mydkifqdkifrI the nature and legal status part of the country except Central Committee for the Citizen tufOya't& EdkifiH\tusdK; RIGL̆HUHQWW\SHVRIODQGLQ Yangon and Mandalay. Forest Land Management of Culturable Foreigners are not al- pD;yGm;twGuf jyefvnfodrf;qnf; Myanmar can be useful. Forest land is declared Land, Fallow Land and lowed to own or transfer Edkifonf/bdk;bGm;bdkifajrrsm;onf Agricultural Land and administrated by the Waste Land. land and the only transfer Freehold Land Agricultural land, under Ministry of Forest under is allowed by way of lease &efukefESifhrEÅav;wdkYuJhodkY NrdKUBuD; Freehold land can be the Disposal of Tenancies the Forest Law. Permis- Town Land which however shall not rsm;wGif trsm;qHk;wnf&SdaeNyD; interpreted in Myanmar Law 1963, is the land be- sion is required from Town land may be clas- exceed one year, except in NrdKUi,frsm;ESifh aus;&Gmrsm;wGif as ancestor land and it is ing utilised or kept in pos- both the Ministry and the VL¿HG XQGHU HLWKHU WKH the case of MIC-approved tenf;i,fom&SdaMumif; od&onf/ 24 PROPERTY & REAL ESTATE Myanmar Business Today March 13-19, 2014 mmbiztoday.com ,QWUDFR(VWDEOLVKHV0\DQPDU-9WR7DS ,QIUDVWUXFWXUH1HHGV

Kyaw Min Myanmar Summary

GX-listed trading compa- Intraco Ltd onf jrefrmEdkifiHwGif ny Intraco Ltd has estab- 0efcsDpufiSm;&rf;rIESifhqufpyfvkyfief;rsm; Slished a joint venture to tm; aqmif&Guf&eftwGuf tusKd;wl get into crane rental and other related business activities in vkyfief;wpfckudk wnfaxmifcJhNyD; ta&SU Myanmar and tap the Southeast awmiftm&StzGJU0ifEdkifiHwpfckjzpfonfh Asian country’s rising infra- jrefrmEdkifiH\ tajccHtaqmufttHk VWUXFWXUHQHHGVWKH¿UPVDLG vdktyfcsufudk jznfhqnf;&eftwGufjzpf The JV entity, Tat Hong In- aMumif; tqdkygvkyfief;rS ajymMum;cJh traco Heavy Equipment Co Ltd, established in August last year onf/ between Intraco, Singapore- tusKd;wlvkyfief;jzpfonfh Tat Hong based crane company Tat Hong Intraco Heavy Equipment Co Ltd Holdings Ltd and Myanmar ty- udk vGefcJhonfhESpf Mo*kwfvu pifumyl coon Aung Moe Kyaw, will have tajcpdkuf 0efcsDpufukrÜPDjzpfonfh a paid-up capital of $150,000 Tat Hong Holdings Ltd comprising 150,000 shares. ESifh jrefrm Aung Moe Kyaw is a Myanmar EdkifiHrS vkyfief;&SifBuD;wpfOD;jzpfonfh businessman with diverse busi- OD;atmifrdk;ausmfwdkYrS yl;aygif;wnfaxmif ness interests. He is best known cJhjcif;jzpfonf/ OD;atmifrdk;ausmfonf as Chairman and Managing Di- Tun/Reuters Soe Zeya jrefrmEdkifiHwGif tazsmf,rumxkwfvkyf rector of International Bever- 6LQJDSRUHDQ˃UP,QWUDFRVDLGLWDLPVWRH[SORUH0\DQPDU VEXUJHRQLQJFRQVWUXFWLRQDQGLQIUDVWUXFWXUHQHHGV jzefYjzL;aeonfh xdyfwef;vkyfief;wpfckjzpf ages Trading Company Group, country has many infrastruc- traco said. 3DFL¿F UHJLRQ LQ WHUPV RI DJ- International Beverages the leading alcoholic beverage tural needs with huge growth Incorporated in 1968, Intraco gregate tonnage, according aom producer and distributor in My- potential.” sourced raw materials, com- to International Cranes, IC50 Trading Company \ Ouú|ESifh anmar. The transaction is funded modities and manufactured Ranking in June last year. It has refae*sif;'g½dkufwmjzpfonf/ Intraco Intraco Managing Director through internal resources and goods to support Singapore’s four key businesses –distribu- \ refae*sif;'g½dkufwmESifh pDtD;tdkjzpf and CEO Foo Der Rong said: is not expected to have any ma- early industrialisation pro- tion of cranes and heavy equip- ol Foo Der Rong u jrefrmEdkifiH “We believe the prospects for terial impact on earnings per gramme. Intraco’s network ment, rental of crawler and Tat Hong Intraco Heavy Equip- share or net tangible assets per spans across ASEAN and China. mobile cranes, rental of tower taejzifh wHcg;zGifhaqmif&GufvmNyD; ment Co Ltd are promising as VKDUHRIWKHJURXSIRUWKH¿QDQ- Tat Hong is the largest crane cranes and general equipment vkyfief;tvm;tvmaumif;rsm;&Sdaeonf Myanmar is opening up and the cial year ending December, In- rental company in the Asia- rental. udk ,HkMunfaMumif; ajymMum;cJhonf/ 6RXWK.RUHDQ%XLOGHUV(\H0\DQPDU ydkrdkvkyfief;aqmifEdkif&ef tcGifhtvrf;rsm; Yi Whan-woo istry. &SmazGaeNyD; rav;&Sm;EdkifiHudkvnf; pdwf The delegation visited Myan- 0ifpm;rIrsm;&SdaeaMumif; od&onf/ mar to draw support from the ajor builders and engi- awmifudk&D;,m;EdkifiHonf jrefrmEdkifiH QHHULQJ¿UPVLQ6RXWK Myanmar government for Ko- MKorea are seeking to rean builders to participate in \aqmufvkyfa&;vkyfief;rsm;udk taxmuf win more mega construction a management project for the tuljyKEdkif&eftwGuf 0efBuD; Suh and plant project orders in My- Irrawaddy River. The 2,170-km Seoung-hwan OD;aqmifaom tpdk;& anmar, with an eye on Malaysia river is the largest in the coun- txl;tzGJUwpfzGJUudk apvTwfay;cJhaMumif; try and also the most important also. awmifudk&D;,m;EdkifiH\ ajr,m? tajccH The South Korean Ministry of commercial waterway. Land, Infrastructure and Trans- The South Korean ministry taqmufttHkESifh ydkYaqmifa&;0efBuD; port said that it has dispatched said the development projects XmerS ajymMum;cJhonf/ a special team of government will be put up for bidding in the tqdkygtxl;tzGJUwGif Hyundai ṘFLDOV OHG E\ 0LQLVWHU 6XK ¿UVWKDOIRIWKH\HDUDWWKHHDUOL- Engineering & Construction, Seoung-hwan to support South est. Samsung C&T, Daelim Inustrial, Korean builders. “Asia has emerged as Korea’s Ssangyong E&C, Korea Water The team was joined by repre- key market for construction and Resources Corporation, Korea sentatives from over 10 private plant businesses,” said Park Expressway Corporation ESifh Byung-seok, a director at the builders, including Hyundai Korea Rail Network Authority wdkY Engineering & Construction, ministry’s overseas construc- Samsung C&T, Daelim Inustri- tion support division. tygt0if yk*¾vduaqmufvkyfa&;vkyf al and Ssangyong E&C as well “In particular, a large number Tun/Reuters Soe Zeya ief;aygif; 10 ckausmfrS udk,fpm;vS,f as the state-run Korea Water of project bids which we have South Korea is seeking to win more mega construction projects in Myanmar. rsm;vnf; yg0ifaMumif; od&onf/ Resources Corporation, Korea recently won came from South- est around the world in 2013,” Transit system, a railroad net- ,if;tzGJUonf ig;&ufwmc&D;pOftwGif; east Asia, making it strategical- Expressway Corporation and he said. work in and around Kuala jrefrmEdkifiHESifh rav;&Sm;EdkifiHrS tpdk;& Korea Rail Network Authority. ly important.” Suh attended ministerial-level /XPSXUDELOOLRQUH¿QHU\ 'XULQJ WKH ¿YHGD\ WULS ODVW .RUHDQ ¿UPV VHFXUHG FRQ- talks with his Malaysia counter- DQPLOOLRQOLTXH¿HGQDWX- wm0ef&Sdolrsm;ESifh awGUqHkcJhNyD; tjref week, the delegation met gov- struction orders worth $65 part to discuss ways of cooper- ral gas plant and an $800-mil- rD;&xm;vrf;uGef&uf? a&eHcsufvkyfief; HUQPHQW ṘFLDOV IURP 0\DQ- billion won abroad last year, ating to building a $12 billion- lion power plant in Pengerang. rsm;? "mwftm;ay;puf½Hkrsm;ESifh a&pDrH mar and Malaysia to discuss according to Park. Some $3.5 worth railway network for a cefYcGJrIvkyfief;rsm;tp&Sdonfh vlrItajccH billion of the total amount Myanmar Summary plans to develop social infra- bullet train connecting Malay- taqmufttHkrsm; wnfaqmufa&; structure such as high-speed comes from Malaysia alone, he sia and Singapore. UDLOQHWZRUNVUH¿QHULHVSRZHU said. Other projects that were dis- awmifudk&D;,m;&Sd aqmufvkyfa&; tpDtpOfrsm;udkvnf; aqG;aEG;cJhMu plants and water management “The amount of bids we won cussed include construction vkyfief;rsm;ESifhpufrItif*sifeD,mvkyfief; aMumif; 0efBuD;XmerS ajymMum;csuft& facilities, according to the min- in Malaysia was the sixth larg- of $800-million Mass Rapid rsm;onf jrefrmEdkifiHwGif vkyfief;rsm; od&onf/ 25 AUTOMOBILE Myanmar Business Today March 13-19, 2014 mmbiztoday.com -DJXDU/DQG5RYHUWR5ROOLQWR0\DQPDU Sales, service and spare parts facility to open in April

people to interna- Myanmar Summary tional standards and deliver the NAdwdoQarmfawmfum;vkyfief;wpfckjzpf highest levels of Jaguar Land Rover customer service. onfh onf “I am looking jrefrmEdkifiHrS Capital Automotive Ltd forward to seeing udk Jaguar \ ta&mif;udk,fpm;vS,f this famous British opftjzpf cefYtyfí armfawmfum;vkyf brand in this coun- ief;rsm;t&Sdeft[kefESifhzGHUNzdK;wdk;wufvm try.” aom jrefrmhum;aps;uGufwGif tajctae While it may EH WKH ¿UVW WLPH aumif;rsm;&&Sd&eftwGufpDpOfxm;aMumif; that Jaguar will od&onf/ be represented in jrefrmEdkifiH\ pD;yGm;a&;tcsuftcsmus Myanmar, Land NyD; vlOD;a&txlxyfqHk;NrdKUjzpfonfh &efukef Rovers have long NrdKUwGif Capital Automotive Ltd ESifh been present on ta&mif;udk,fpm;vS,foabmwlnDcsuf LWVURDGV7KH¿UVW Land Rovers to udk jyKvkyfNyD; qufpyfa&mif;csrIrsm;? explore Myanmar 0efaqmifrIrsm;ESifh armfawmfum;tydk were driven by stu- ypönf;axmufyHhajz&Sif;rIrsm;udk jyKvkyfoGm; dents from Oxford rnf[k Jaguar rS ajymMum;cJhonf/ and Cambridge vkyfief;aqmif&GufrIrsm;udk {NyDvwGif Universities back pwifjyKvkyfoGm;rnfjzpfNyD; Jaguar ESifh Mansi Thapliyal/Reuters in 1955. Land Rover A man walks past a billboard advertising Jaguar in New Delhi. The Oxford and armfawmfum;xkwfukef Phyu Thit Lwin Group) and Capital Automotive that we will also be able to grow Cambridge Far Eastern Expedi- rsm;tm; jrefrmEdkifiHwGif a&mif;csEdkif&ef Ltd, said the appointment dem- the Jaguar Land Rover business tion was a journey undertaken BudK;yrf;aqmif&GufoGm;rnf[k od&onf/ ritish automaker Jaguar onstrates Jaguar Land Rover’s here.” by six university students in Capital Automotive Ltd rS refae*sif; Land Rover said it plans FRQ¿GHQFHLQKLV¿UP Andrew Patrick, British Am- two Land Rover Series I Station 'g½dkufwmjzpfol OD;cifxGef;u ,ckuJh Bto tap the rapidly growing “Many customers who have bassador to Myanmar, said he Wagons from London to Sin- odkY ta&mif;udk,fpm;vS,ftjzpf cefYtyf automotive market of Myanmar been visiting have expressed was delighted that Jaguar Land gapore and included a journey R*P HIYVP[PU,RQI }LI?YN\ILHI and has appointed Capital Au- much interest in the new Jaguar Rover had decided to expand along the Ledo Road from In- Jaguar Land tomotive Ltd as its new Jaguar and Land Rover range, particu- their global operations to the dia into Myanmar, then known tay: \ ,HkMunfrIudk Land Rover dealer in the region. larly the Jaguar XF and Range Southeast Asian nation. as Burma. Primarily sponsored azmfjyaeaMumif; ajymMum;cJhonf/ Jaguar said Capital Automo- Rover Evoque,” he said. ³7KH\ >-DJXDU@ DUH DQ H[DP- by Land Rover who provided armfawmfum;azmufonftrsm;pkonf tive Ltd is completing a new “I am sure we will soon see ple of British engineering and the vehicles, the expedition was Jaguar ESifh Land Rover um;opf dealership in Yangon, the coun- many of these new Land Rover manufacturing at its very best; ERWK ¿OPHG DQG GRFXPHQWHG rsm;udk pdwf0ifpm;aeMuNyD; txl;ojzifh try’s commercial centre and and Jaguar models on the road the produce top quality prod- and the footage broadcast in the Jaguar XF ESifh Range Rover most populous city, which will LQ 0\DQPDU:H DUH FRQ¿GHQW ucts, employ and train local mid-50s on the BBC. Evoque R̆HUDQLQWHJUDWHGVDOHVVHUYLFH Jaguar Land Rover employs ZGN

Hyunjoo Jin rankings in the United States, in adopting a bland design,” ond top seller after its Elantra Myanmar Summary its second-biggest market after said a person who has close model in the United States and outh Korea’s Hyundai Mo- China. professional links with Hyundai Korea. The current model, with urÇmhyÍörajrmuftBuD;qHk; awmifudk&D; tor Co dialled back on the 7KH FRPSDQ\ SRVWHG LWV ¿UVW and who declined to be named its distinctive curvy design, ,m;EdkifiH\ [Gef'dkif;armfawmfum;vkyf Sedgier designs that helped year-on-year fall in quarterly as he is not authorised to speak took the United States by storm ief;BuD;onf Kia Motors Corp ESifh LWZLQPDUNHWVKDUHDEURDG¿YH revenue in nearly three years in to the media. ZKHQ LW ZDV LQWURGXFHG ¿YH yl;aygif;í tvwfpm; sedan armf years ago, launching last week a the fourth quarter of last year “US consumers are now used years ago, helping Hyundai to awmfum;rsm;tm; 'DZdkif;jyefvnfqef; toned-down, angular version of and forecast its global sales to the Sonata’s distinctive styl- almost double sales to 230,605 its popular Sonata sedan to ap- growth would slow to 4 percent ing and it will be challenging for in three years. opfvsuf 2009 ckESpfuwnf;u a&mif; peal to conservative drivers at in 2014 from 7 percent in 2013. the new Sonata to stand out in Sales of the current Sona- tm;usqif;rIESifh 0ifaiGusqif;rIrsm;udk home. Automotive industry experts the US market.” ta, however, fell in Korea to ajz&Sif;&eftwGuf BudK;yrf;oGm;rnfjzpf +\XQGDL WKH ZRUOG¶V ¿IWK said the revamped Sonata +\XQGDLṘFLDOVDSSHDUHGWR 89,400 in 2013 from a peak of aMumif; od&onf/ largest car maker with its Kia looked more like the mid-sized acknowledge that the redesign 152,023 in 2010, a factor that jynfwGif;aps;uGufwGif jynfyarmfawmf 0RWRUV&RUSḊOLDWHLVEDQNLQJ Camry sedan by Hyundai’s Jap- could face hurdles in the United prompted company chairman um;vkyfief;rsm;\,SOfNydKifrIESifh tar&d RQWKH¿UVWUHVW\OLQJRIWKHPLG anese rival Toyota Motor Corp. States. Design executive Juh Chung Mong-koo and top man- size sedan since 2009 to help The car, which Hyundai has Byung-chul told Reuters that agement to push for more con- uefwGif armfawmfum;vkyfief;tqifh reverse a slowdown in sales and been making since 1985, will go US consumer tests showed the servative redesign for the new &yfwnfrIusqif;rIwkdYaMumifh ,ckuJhodkY revenue growth, as it battles on sale in March in South Korea new design was “good enough” model. [Gef'dkif;taejzifh sedan um;rsm;tm; competition from foreign rivals and later in the United States. and “acceptable.” Reuters 'DZdkif;jyefvnfqef;opfoGm;&ef pDpOfjcif; at home and a slide in reliability “Hyundai has followed Camry The Sonata is Hyundai’s sec- jzpfonf/ 26 Myanmar Business Today March 13-19, 2014 mmbiztoday.com ,17(51$7,21$/$1''20(67,&)/,*+76&+('8/( Fligghhts from Yangon (RGN) to Bangkok (BKK) Fligghhts from Bangkok (BKK) to Yangon (RGN) Flight No. Days From To ETD ETA Operated by: Flight No. Days From To ETD ETA Operated by: PG 706 1234567 RGN BKK 7:15 9:30 Bangkok Airways DD4230 1234567 DMK RGN 06:30 07:55 NOK Airlines DD4231 1234567 RGN DMK 8:00 9:45 NOK Airlines 8M336 1234567 BKK RGN 6:40 7:25 MAI FD2752 1234567 RGN DMK 8:30 10:15 Thai AirAsia FD2751 1234567 DMK RGN 7:15 8:00 Thai AirAsia 8M335 1234567 RGN BKK 8:40 10:25 MAI TG303 1234567 BKK RGN 8:00 8:45 Thai Airways TG304 1234567 RGN BKK 9:50 11:45 Thai Airways PG701 1234567 BKK RGN 8:50 9:40 Bangkok Airways PG702 1234567 RGN BKK 10:45 12:40 Bangkok Airways FD2755 1234567 DMK RGN 11:35 12:20 Thai AirAsia Y5-237 1234567 RGN BKK 18:05 19:50 Golden Myanmar Airlines PG707 1234567 BKK RGN 13:40 14:30 Bangkok Airways TG302 1234567 RGN BKK 14:45 16:40 Thai Airways Y5-238 1234567 BKK RGN 21:10 21:55 Golden Myanmar Airlines PG703 1234567 RGN BKK 15:20 17:15 Bangkok Airways FD2753 1234567 DMK RGN 16:35 17:20 Thai AirAsia 8M331 1234567 RGN BKK 16:30 18:15 MAI PG703 1234567 BKK RGN 16:45 17:35 Bangkok Airways FD2754 1234567 RGN DMK 17:50 19:35 Thai AirAsia TG305 1234567 BKK RGN 17:55 18:40 Thai Airways PG704 1234567 RGN BKK 18:25 20:20 Bangkok Airways DD4238 1234567 BKK RGN 19:30 20:15 NOK Airlines TG306 1234567 RGN BKK 19:40 21:35 Thai Airways 8M332 1234567 BKK RGN 19:20 20:05 MAI DD4239 1234567 RGN DMK 21:00 22:45 NOK Airlines PG705 1234567 BKK RGN 20:00 21:15 Bangkok Airways Fligghhts froomm Yangon (RGN) to Chiang Mai (CNX) Fligghhts froomm Chiang Mai (CNX) to Yangon (RGN) W9-9607 4 7 RGN CNX 14:50 16:20 Air Bagan W9-9608 4 7 CNX RGN 17:20 17:50 Air Bagan Flights from Yangon (RGN) to Singapore (SIN) Flights from Singapore (SIN) to Yangon (RGN) Y5-233 1234567 RGN SIN 10:10 14:40 Golden Myanmar Airlines Y5-234 1234567 SIN RGN 15:35 17:05 Golden Myanmar Airlines MI509 1 6 RGN SIN 0:25 5;00 SilkAir SQ998 1234567 SIN RGN 7:55 9:20 Singapore Airline 8M231 1234567 RGN SIN 8:30 13:00 MAI 8M6231/3K585 1 3456 SIN RGN 9:10 10:40 Jetstar Asia SQ997 1234567 RGN SIN 10:25 14:45 Singapore Airline 8M232 1234567 SIN RGN 14:10 15:40 MAI 8M6232/3K586 1 3456 RGN SIN 11:30 16:05 Jetstar Asia MI518 1234567 SIN RGN 14:20 15:45 SilkAir 8M233 5 6 7 RGN SIN 13:45 18:15 MAI 8M235 5 6 7 SIN RGN 19:15 20:45 MAI TR2827 1 6 7 RGN SIN 15:10 19:35 TigerAir TR2826 1 6 7 SIN RGN 13:00 14:30 TigerAir TR2827 2345 RGN SIN 17:10 21:35 TigerAir TR2826 2345 SIN RGN 15:00 16:30 TigerAir MI517 1234567 RGN SIN 16:40 21:15 SilkAir MI520 5 7 SIN RGN 22:10 23:35 SilkAir Flights from Yangon (RGN) to Kuala Lumpur (KUL) Flights frroomm Kuala Lumpur (KUL)to Yangon (RGN) AK1427 1234567 RGN KUL 8:30 12:50 AirAsia AK1426 1234567 KUL RGN 6:55 8:00 AirAsia 8M501 1234567 RGN KUL 8:55 12:55 MAI MH740 1234567 KUL RGN 10:05 11:15 Malaysia Airlines MH741 1234567 RGN KUL 12:15 16:30 Malaysia Airlines 8M502 1234567 KUL RGN 14:00 15:00 MAI Flights from Yangon (RGN) to Hanoi (HAN) Flights from Hanoi (HAN) to Yangon (RGN) VN956 1 3 5 6 7 RGN HAN 19:10 21:30 Vietnam Airlines VN957 1 3 5 6 7 HAN RGN 16:35 18:10 Vietnam Airlines Fligghhts froomm Yangon (RGN) to Ho Chi Minh (SGN) Fligghhts froomm Ho Chi Minh (SGN) to Yangon (RGN) VN942 2 4 7 RGN SGN 14:25 17:10 Vietnam Airlines VN943 2 4 7 SGN RGN 11:40 13:25 Vietnam Airlines Flights from Yangon (RGN) to Taipei (TPE) Flights from Taipei (TPE) to Yangon (RGN) CI7916 123456 RGN TPE 10:50 16:10 China Airline CI7915 1234567 TPE RGN 7:15 10:05 China Airline BR288 2 5 6 RGN TPE 11:35 17:20 EVA Air BR287 2 5 6 TPE RGN 7:30 10:35 EVA Air Fligghhts from Yangon (RGN) to Kunming(KMG) Fligghhts from Kunming(KMG) to Yangon (RGN) CA906 2 3 4 6 7 RGN KMG 14:15 17:35 Air China CA905 2 3 4 6 7 KMG RGN 12:40 13:15 Air China MU2032 1234567 RGN KMG 14:40 17:55 China Eastern MU2031 1234567 KMG RGN 13:30 14:00 China Eastern MU2012 3 6 RGN KMG 12:20 18:10 China Eastern (via NNG) MU2011 3 6 KMG RGN 8:25 11:30 China Eastern (via NNG) Flights from Yangon (RGN) to Beijing (BJS) Flights from Beijing (BJS) to Yangon (RGN) CA906 2 3 4 6 7 RGN BJS 14:15 21:55 Air China (via KMG) CA905 2 3 4 6 7 BJS RGN 8:05 13:15 Air China (via KMG) Fligghhts from Yangon (RGN) to Nanning (NNG) Fligghhts from Nanning (NNG) to Yangon (RGN) Flight No. Days From To ETD ETA Operated by: Flight No. Days From To ETD ETA Operated by: MU2012 3 6 RGN NNG 12:20 16:25 China Eastern MU2011 3 6 NNG RGN 10:15 11:30 China Eastern Fligghhts froomm Yangon (RGN) to Hong Kong (HKG) Honngg KKoong (HKG) Flights from Yangon (RGN) KA251 1 2 4 6 RGN HKG 1:10 5:35 Dragon Air KA250 1357 HKGRGN 21:50 23:45 Dragon Air Fligghhts froomm Yangon (RGN) to Guang Zhou (CAN) Fligghhts froomm Guang Zhou (CAN) to Yangon (RGN) 8M711 2 4 7 RGN CAN 8:40 13:15 MAI CZ3055 3 6 CAN RGN 8:40 10:30 China Southern Airlines CZ3056 3 6 RGN CAN 11:20 15:50 China Southern Airline 8M712 2 4 7 CAN RGN 14:15 15:45 MAI CZ3056 1 5 RGN CAN 17:40 22:15 China Southern Airline CZ3055 1 5 CAN RGN 14:45 16:35 China Southern Airlines Flights from Yangon (RGN) to Kolkata (CCU) Flights from Kolkata (CCU) to Yangon (RGN) Flight No. Days From To ETD ETA Operated by: Flight No. Days From To ETD ETA Operated by: AI228 5 RGN CCU 18:45 19:45 Air India AI227 1 5 CCU RGN 10:35 13:20 Air India AI234 1 5 RGN CCU 13:40 16:55 Air India (via GAY) AI233 5 CCU RGN 13:30 18:00 Air India (via GAY) Fligghhts from Yangon (RGN) to Gaya (GAY) Fligghhts from Gaya (GAY) to Yangon (RGN) 8M 601 1 3 5 6 RGN GAY 10:30 11:50 MAI 8M 602 1 3 5 6 GAY RGN 12:50 16:00 MAI AI234 1 5 RGN GAY 13:40 15:00 Air India AI233 5 GAY RGN 15:00 18:00 Air India Flights from Yangon (RGN) to Tokyo (NRT) Flights from Tokyo (NRT) to Yangon (RGN) NH914 1 3 6 RGN NRT 22:00 06:40+1 ALL NIPPON Airways NH913 1 3 6 NRT RGN 11:10 17:05 ALL NIPPON Airways Fligghhts from Yangon (RGN) to Seoul (ICN) Fligghhts from Seoul (ICN) to Yangon (RGN) KE472 1357 RGNICN 0:05 8:00 Korean Air KE471 1 2 3 4567 ICN RGN 18:40 22:55 Korean Air OZ7463 4 7 RGN ICN 0:50 8:50 Asiana OZ4753 3 6 ICN RGN 19:30 23:40 Asiana Flights from Yangon (RGN) to Doha (DOH) Flights from Doha (DOH) to Yangon (RGN) QR619 1234567 RGN DOH 8:00 11:45 Qatar Airways QR618 1234567 DOH RGN 21:05 06:29+1 Qatar Airways Fligghhts froomm Yangon (RGN) to Nay Pyi Taw (NYT) Fligghhts froomm Nay Pyi Taw (NYT) to Yangon (RGN) Flight No. Days From To ETD ETA Operated by: Flight No. Days From To ETD ETA Operated by: FMI-A1 12345 RGN NYT 7:30 8:30 FMI Air Charter FMI-A2 12345 NYT RGN 8:50 9:50 FMI Air Charter FMI-B1 12345 RGN NYT 11:30 12:30 FMI Air Charter FMI-B2 12345 NYT RGN 13:00 14:00 FMI Air Charter FMI-C1 12345 RGN NYT 16:30 17:30 FMI Air Charter FMI-C2 12345 NYT RGN 18:00 19:00 FMI Air Charter FMI-A1 6 RGN NYT 8:00 9:00 FMI Air Charter FMI-A2 6 NYT RGN 10:00 11:00 FMI Air Charter FMI-A1 7 RGN NYT 15:30 16:30 FMI Air Charter FMI-A2 7 NYT RGN 17:00 18:00 FMI Air Charter Flights from Yangon (RGN) to Mandalay (MDY) Flights from Mandalay (MDY) to Yangon (RGN) Y5-234 1234567 RGN MDY 6:15 7:30 Golden Myanmar Airlines Y5-233 1234567 MDY RGN 8:10 9:25 Golden Myanmar Airlines YH 909 2 4 6 7 RGN MDY 6:30 8:10 Yangon Airways YH 910 1 3 MDY RGN 7:40 10:30 Yangon Airways YH 917 1234567 RGN MDY 6:10 8:30 Yangon Airways YH 918 1234 67 MDY RGN 8:30 10:25 Yangon Airways YH 727 1 5 RGN MDY 11:15 13:25 Yangon Airways YH 728 1 5 MDY RGN 9:10 11:05 Yangon Airways YH 731 1234567 RGN MDY 15:00 17:10 Yangon Airways YH 732 123456 MDY RGN 17:10 19:15 Yangon Airways W9 501 1234 RGN MDY 6:00 7:25 Air Bagan W9 502 1234 MDY RGN 16:10 18:15 Air Bagan K7 222 1234567 RGN MDY 6:30 8:40 Air KBZ K7 223 1234567 MDY RGN 9:00 11:05 Air KBZ YJ 201 1234567 RGN MDY 11:30 12:55 Asian Wings YJ 202 1234567 MDY RGN 16:00 17:25 Asian Wings Days - (1) Monday (2) Tuesday (3) Wednesday (4) Thursday (5) Friday (6) Saturday (7) Sunday Days - (1) Monday (2) Tuesday (3) Wednesday (4) Thursday (5) Friday (6) Saturday (7) Sunday 27 AUTOMOBILE Myanmar Business Today March 13-19, 2014 mmbiztoday.com 6662̆HUV6VDQJ

nese automobile manufacturer Myanmar Summary SAIC took a 51 percent stake of SsangYong Motor Co. In Super Seven Stars Co., Ltd onf January 2009, after recording a awmifudk&D;,m;EdkifiHxkwf SsangYong $75.42 million loss due to glob- Car al economic crisis and shrink- rsm;udk pwifa&mif;csonfYtxdrf; ing demand, the company was trSwftaejzifh azazmf0g&Dv 26 &uf put into receivership. rSrwfv 26 &uftxd SsangYong A 70 percent share of Actyon Sports trsKd;tpm; Double SsangYong was acquired by In- Cab um;rsm;udk vufiif;0,f,lrnfqdkyg dian Mahindra & Mahindra Ltd u owfrSwfa&mif;aps;xuf 85 odef; for 522.5 billion won ($492.7 million) in February 2011, after aps;avQmhí a&mif;csay;oGm;rnf[k od& being named the preferred bid- onf/ der in 2010 to acquire the bank- tqdkyg Ssang Yong Actyon Sports ruptcy-protected company. um;rsm;udk 0,f,lrnfqdkygu rlva&mif; SsangYong makes Chairman aps; 434 odef;rS 85 odef;aps;avQmhay; W model as its luxury brand, Rexton W, Kyron, Korando and rnfjzpfojzifh 349 odef;ESifha&mif;csay; Actyon as SUV, Actyon Sports oGm;rnfjzpfNyD; t&pfustaejzifh yHkpH as double cab and Rodius/ oHk;rsKd;jzifh yxrtaeESifh um;wefzdk;\ Stavic as family car. 50 &mcdkifEIef;ay;NyD; usef 50 &mcdkifEIef;udk SsangYong’s production out- 12 vtwdk;rJhESifha&mif;csay;rnfjzpfum? SsangYong put in 2012 was 119,142 units, wpfESpftvHk;pHkarmfawmf,mOftmrcHyg0if Phyu Thit Lwin PRGHO LV QRZ EHLQJ R̆HUHG DW whole car will also be provided and the company garnered Super $35,000, while the original with the owner’s name,” SSS revenues of 2.874 trillion won NyD; trnfayguf&&SdrnfjzpfaMumif; ocal automobile dealer price of Actyon Sports is K43.4 Director U Kyaw Thiha said. ($2.7 billion) the same year. It’s Seven Star Co., Ltd rS 'g½dkufwm Super Seven Stars (SSS) million ($43,500). The cars are guaranteed for main production base in South OD;ausmfoD[u ajymonf/ LCo Ltd has started sell- Purchasers can also go for three years or 100,000 kilome- Korea, while it has factories in 'kwd,taejzifh um;wefzdk; 30 &mcdkif ing Korean-made SsangYong three types of instalment-based tres, he added. Ukraine and Russia. EIef;ay;NyD; usefaiGudk 24 vt&pfus Motor Co’s cars at a discounted payment system: They can pay Establsihed in 1954, Super Seven Stars Co became price in Myanmar, the company half of the car price and pay SsangYong is the fourth largest SsangYong’s exclusive dealer in taejzifhvnf; twdk;rJha&mif;csay;oGm; said. the rest over a period of 12 South Korea-based automobile Myanmar in 2012. rnfjzpfum? wwd,taejzifh vpOfaMu; Customers will be able to months without any interest; manufacturer. 18 odef;EIef;jzifh twdk;rJh 24 vt&pfus purchase SsangYong’s cars at or, choose to pay 30 percent of In 1997, Daewoo Motors, now ay;oGif;EdkifaMumif; od&onf/ tqdkyg a discount of up to K8.5 mil- the car’s price in cash and the Tata Daewoo, bought a control- um;rsm;udk oHk;ESpf odkYr[kwf uDvdk rest through 24 months with ling stake from the SsangYong lion ($8,500), given the pay- wpfodef;tmrcHay;xm;onf/ ment is settled in cash, SSS, no interest; or, pay K1.8 mil- *URXS RQO\ WR VHOO LW R̆ DJDLQ SsangYong Motor Company SsangYong’s authorised dealer lion (1,800) every month for 24 in 2000, because the conglom- udk in Myanmar, said. months without any interest. HUDWH UDQ LQWR GHHS ¿QDQFLDO 1954 ckESpf upwifwnfaxmifcJhaMumif; SsangYong’s Actyon Sports “One year insurance for the troubles. In late 2004, the Chi- od&onf/ 9:5HWKLQNV6NRGDDQG6HDW6WUDWHJ\LQ0DVV0DUNHW6WUXJJOH

Andreas Cremer derutilised capacity served to uGufwGif a&mif;csoGm;&efpDpOfxm;aom extend its long run of losses. aps;EIef;csKdomaomum;rsm;twGuf f Volkswagen wants to beat By contrast French carmak- Toyota to the global autos er Renault’s budget models ukefusp&dwfarQmfrSef;csufudk atmifjrif IWKURQHLWFDQ¶WD̆RUGWR helped it to defy a weak Europe atmifaqmif&Guf&eftwGufvnf; WDNHLWVIRRWR̆WKHJDVLQPDVV DQG VFRUH VLJQL¿FDQW JDLQV LQ ½kef;uefae&aMumif; VW rS trIaqmif market cars. emerging markets, with a par- wpfOD;u ½dkufwmowif;XmeodkY ajym Yet two of its three volume ticularly strong showing from Mum; cJhonf/ brands continue to cause head- its no-frills Dacia brand. *smrefum;vkyfief;BuD;taejzifh VW aches, with Czech division Sko- Without a turnaround in mass da trailing ambitious sales tar- markets for VW, Europe’s No.1 armfawmfum;trSwfwHqdyftm; emrnf gets and Spanish carmaker Seat automotive group could strug- aumif;ydkrdk&&Sdvmap&eftwGuf vrf; battling a decade of losses. gle to surpass Toyota as the aMumif;opfwpf&yfodkYajymif;&ef BudK;yrf; Lower down the chain, VW is world’s biggest carmaker by aeonf/ w½kwfEdkifiHodkY wifydkYrIAsL[m also struggling to hit cost goals 2018. In the nearer term, fail- atmifjrifrIr&&SdcJhonfhaemuf Seat for its planned budget car for ure to get to grips with the low- tm; Oa&myaps;uGufü atmifjrifvm emerging markets, a VW execu- er-cost brands is likely to weigh tive told Reuters. on its share price. &ef BudK;yrf;vmjcif;jzpfaMumif;vnf; od& To overcome its low-end “VW needs a compelling pres- onf/ woes, the German group is now ence in volume segments and Oa&myum;aps;uGuftajctae striking out in a new direction emerging markets if they’re se- raumif;rGefrIaMumifh Skoda \ wifydkY to boost the image and appeal rious about clinching the top Larry Downing/Reuters a&mif;cs&rIonf vGefcJhonfhESpfwGif ESpf of Skoda and Seat, moving the spot and retaining it,” said Ste- Seat accounted for 13 percent of Seat former back upmarket while re- fan Bratzel, head of the Centre VW’s 9.7 million record sales last aMumif; od&onf/ &mcdkifEIef;usqif;cJhNyD; \a&mif;cs focusing Seat on Europe after a of Automotive Management year. Reuters csufEdkifiHrS VW \ armfawmfum; &rIrsm;rSm 11 &mcdkifEIef;wdk;wufvmcJh failed China export strategy. think-tank near Cologne. vkyfief;cGJjzpfonfh Skoda taejzifh aomfvnf; tcsdefMumjrifhpGm vkyfief; The European auto slump Regardless of whether it surpass- Myanmar Summary vnf; ta&mif;arQmfrSef;csufudk jynfhrD t½HI;ay:rIrsm;&Sdaeonf/VW taejzifh caused Skoda deliveries to fall es Toyota, VW must succeed in low- Volkswagen taejzifh wdk,dkwm &ef BudK;yrf;ae&ovdk pydefEdkifiH\armf Oa&myuJhodkY um;aps;uGufBuD;rsm;odkY 2 percent last year to 921,000, er-cost categories to remain a force tm; urÇmharmfawmfum;aps;uGufwGif awmfum;vkyfief;jzpfonfh Seat rSmvnf; jyefvnfajcOD;rvSnfhcJhygu wdk,dkwm well short of a 2018 goal of 1.5 in a volume segment that brings million. Sales at Seat were up the economies of scale required tompD;&vdkygu aps;uGufBuD;rsm;udk q,fpkESpftMumt½HI;ay:rIrsm;ESifh&ifqdkif tm; ausmfjzwf&eftwGuf ½kef;uefoGm; 11 percent at 355,000, but un- WRPHHWLWVSUR¿WJRDOV6NRGDDQG jyefvnfpOf;pm;oHk;oyf&ef vdktyfae ae&onf/ VW taejzifh zGHUNzdK;qJaps; &zG,f&Sdonf/ 28 IT & TELECOM Myanmar Business Today March 13-19, 2014 mmbiztoday.com 2RUHGRR/DXQFKHV)LUVW3KDVHRI5ROORXW 6D\V*HWWLQJ3HUPLWV7DNLQJ/RQJHUWKDQ([SHFWHG

Sherpa Hossainy our network. It is exciting ... for told Myanmar Business Today. the growing numbers of deal- “We need a ‘silver bullet’, a atar’s Ooredoo said it ers who are joining the Ooredoo regulation that takes care of all has carried out a “suc- family.” these issues in one go.” cessful” technical launch 'XULQJWKHODXQFKHYHQWVWD̆ Q Myanmar Summary DQGWHVWLQJRIWKH¿UVWSKDVHRI members and invited partici- its network rollout, although it’s pants made voice calls, sent and umwmEdkifiH\ qufoG,fa&;vkyfief; taking longer for the company received text messages and they BuD;jzpfonfh Ooredoo RQI}LIZGN

tivity. In addition, integration experience,” it said. Ooredoo Myanmar of technology partner Huawei’s However, Cormack sounded track this process is in every- infrastructure that the opera- tqkdyguGef&ufcsdwfqufrIudk prf;oyf IT system enabled the perfor- FDXWLRQ VD\LQJ WKDW WKH ¿UP LV one’s interests.” tors need to undertake. &mwGif voice , SMS ESifh tcsuftvuf mance of several key functions, facing challenges while obtain- Edwin Vanderbruggen, a “Myanmar’s regulations on rsm;csdwfqufEdkifrIrsm;udkprf;oyfcJhaMumif; including customer activation, ing permits to build its sites. partner at VDB Loi, one of My- the subject do not recognise od&onf/ Ooredoo Myanmar rS billing and Top Up,” Ooredoo “Clearly, the delivering scale anmar’s leading law and advi- the possibility of a nationwide pDtD;tdkjzpfol Ross Cormack u Myanmar said in a statement. within tight timeframes is chal- VRU\¿UPVVSHDNLQJRQKLVRZQ project. The problems with land ,ckuJhodkY uGef&ufcsdwfqufrIudk prf;oyf Ross Cormack, CEO of Oore- lenging. Obtaining the neces- behalf said the current regula- right documentation, land use doo Myanmar said, “This suc- sary permits to build our sites tory framework in Myanmar changes, lease registration and &mwGif atmifjrifcJhonfhtajctaeonf cessful stage of the rollout, is taking longer than we would with respect to land use and construction permits are in my rdrdwdkY\uGef&ufrsm;tm; zGHUNzdK;wdk;wufrI represents an important mile- have hoped. construction does not lend itself personal view too big to keep azmfaqmifvkyfudkif&mwGif ta&;ygonfh stone in the development of “Finding solutions to fast- the national rollout of network the regulations as they are,” he tcsufwpfckjzpfaMumif; ajymMum;cJhonf/ 1WHJUDWRU6HFXUHV6P &RQWUDFWVLQ0\DQPDU Group’s subsidiary receives permanent certificate of registration

Zayar Phyo portunities in 2014 as the glob- vkyfief;oabmwlnDcsuf 3 ckESifh pwkw¬ al economic outlook continues ajrmufvkyfief;oabmwlnDcsuftm; ingapore-based communi- to be positive and demand for FM cations network company network and communications jrefrmhtoHESifh½kyfjrifoHMum;ESifh SNtegrator Internation- hardware and services in the re- transmitter axmufyHh&eftwGuf jyKvkyf al Ltd has secured four ma- gion continues to grow,” Chang cJhjcif;jzpfaMumif; od&onf/ jor deals worth S$2.9 million said. Ntegrator rS refae*sif;'g½dkufwm ($2.28 million), for the supply Ntegrator’s core businesses jzpfol Jimmy Chang u Zefe0g&Dv of telecommunications equip- include the design, installation ment to major repeat customers and implementation of data, wGif yxrOD;qHk;vkyfief;oabmwlnDcsuf LQ0\DQPDUWKH¿UPVDLG YLGHR¿EUHRSWLFVZLUHOHVVDQG wpfckudk &&SdcJhNyD; jrefrmEdkifiHwGif aemuf Three contracts, awarded by cellular network infrastructure xyfvkyfief;oabmwlnDrIBuD; 4 ck tm; Myanmar’s Ministry of De- as well as voice communication jyKvkyfEdkifcJhNyDjzpfaMumif; ajymMum;cJhonf/ fence (MOD), are for the sup- who have been with us since we and telecommunication sector, systems. vGefcJhaom q,fpkESpfwpfckcefYuwnf; ply of communications net- entered the Myanmar market a according to global research 7KH ¿UP DOVR KDV RSHUDWLRQV work equipment for expansion decade ago.” ¿UP0F.LQVH\ in Vietnam and Thailand. u jrefrmhaps;uGufodkY Ntegrator of network capacity, while the All the four contracts are slat- To sink its roots deeper and 0ifa&mufcJhjcif;jzpfNyD; xdktcsdefuwnf; Myanmar Summary fourth contract, awarded by ed for delivery in the current to better capture new business rSpí umuG,fa&;0efBuD;Xme? jrefrmh MRTV, Myanmar’s state-owned ¿QDQFLDO\HDUDQGDUHH[SHFWHG opportunities in the country the pifumyltajcpdkuf qufoG,fa&;uGef toHESifh½kyfjrifoHMum;wdkYonf Ntegrator broadcast radio and television to bring positive contributions company established a wholly- Ntegrator network, is for the supply of an WR WKH JURXS¶V ¿QDQFLDO SHUIRU- owned subsidiary, Ntegrator &ufukrÜPDwpfckjzpfaom twGuf ta&;ygaomazmufonfrsm;jzpf FM transmitter. PDQFHIRUWKH¿QDQFLDO\HDU Myanmar, in August last year. International Ltd onf jrefrmEdkifiHwGif cJhaMumif;vnf; od&onf/ Jimmy Chang, managing di- ending December 31, Ntegrator The company said this will af- pifumyla':vm 2.9 oef; (tar&d ,ckuJhodkY vkyfief;oabmwlnDrIrsm; rector of Ntegrator, said, “Rid- said in a statement. ford the group “a greater degree uefa':vm 2.28 oef;)wefzdk;&Sdonfh udk &&SdcJhonfhtwGuf ukrÜPD\b@m ing on the momentum of our With these new contracts, of engagement with custom- vkyfief;oabmwlnDrIBuD; 4 ckudk &&SdcJhNyD a&;tajctaerSmvnf; ,ckESpfwGif ydkrdk ¿UVW URXQG RI FRQWUDFW ZLQV LQ Ntegrator has secured orders of ers” and a “faster response time January, we have secured an- over S$6.9 million ($5.42 mil- through a dedicated sales and jzpfNyD; qufoG,fa&;vkyfief;ydkif;qdkif&m aumif;rGefvm&ef arQmfrSef;xm;aMumif; other four contracts from two OLRQ LQWKH¿UVWWZRPRQWKVRI support team on the ground.” toHk;taqmifypönf;ud&d,mrsm; od&onf/ major customers in Myanmar.” FY2014. Ntegrator Myanmar received axmufyHh&eftwGufjzpfaMumif; Ntegrator ,ckvkyfief;oabmwlnDrItopfrsm; +HVDLGWKH¿UP¶VWUDFNUHFRUG Industry watchers have fore- WKH SHUPDQHQW FHUWL¿FDWH RI rS ajymMum;cJhonf/ ESifhtwl Ntegrator onf 2014 ckESpf and reputation for delivering cast foreign investments into registration from the Myanmar umuG,fa&;0efBuD;XmerS uGef&ufcsdwf quality products and services Myanmar to reach over $100 Ministry of National Planning \ yxr 2 vwmtwGif; ypönf;rSm,lrI on a timely basis “continue to billion over the next two dec- and Economic Development on qufrIrsm; wdk;wufvmap&eftwGuf wefzdk; pifumyla':vm 6.9 oef; earn it the support of MOD and DGHVZLWKDVLJQL¿FDQWSRUWLRQ February 21. csJUxGifvkyfaqmif&efvdktyfaom quf (tar&duefa':vm 5.42 oef;) udk MRTV – two repeat customers directed at the infrastructure “We remain positive on op- oG,fa&;uGef&ufypönf;rsm;axmufyHh&ef &&SdcJhNyDjzpfaMumif;vnf; od&onf/ 29 IT & TELECOM Myanmar Business Today March 13-19, 2014 mmbiztoday.com 7HOHQRU2̇FLDOO\2SHQV0\DQPDU+4 Will boost Myanmar operations, fi rm says

Asia. ployees who will be working He said the move underscores LQ UHJLRQDO ṘFHV DQG RQWKH WKH¿UP¶V³FRPPLWPHQWWREHD ground at local sites and facili- long-term investor to Myanmar ties as the company prepares and contribute to its economic for a network roll-out. development.” Myanmar Summary Telenor Myanmar’s head- quarters in Yangon will house aemfa0;qufoG,fa&;ukrÜPD Telenor the Telenor Myanmar Acad- ? }LIZGN

Manunphattr Dhananan- The deal, if successful, would Thailand. stock, an accounting method to Myanmar Summary phorn & Khettiya Jittapong pit True against Telenor and help a company reduce accu- Qatar’s Ooredoo which are Debt Burden mulated losses and enable it to xdkif;EdkifiH\qufoG,fa&;vkyfief;tzGJU hai telecommunications building new mobile networks True is the only Thai telecom pay dividends, Noppadol said. tpnf;wpf&yfjzpfonfh True Corp group True Corp PCL in Myanmar, a country where RSHUDWRUR̆HULQJDIXOOUDQJHRI Concerns about True’s debt PCL Twants to take on a for- less than a tenth of the 60 mil- VHUYLFHVIURPPRELOHDQG¿[HG burden prompted ratings agen- onf ,ckESpf\ 'kwd,ESpf0ufwGif eign partner in the second half lion population has a mobile line phones to broadband Inter- cy Moody’s to downgrade the jrefrmEdkifiHü tusKd;wlyl;aygif;aqmif&Guf of this year to help it expand in phone. net and cable television. company, and its mobile unit, rnfh vkyfief;wpfckaqmif&GufoGm;vdk Southeast Asia, its chief execu- True, which operates Thai- An aggressive expansion of its and assign them with a negative aMumif; tqdkygvkyfief;rS trIaqmif tive said last week. land’s third biggest mobile net- mobile network has left True outlook. True Corp, controlled by work by subscribers, is current- with a net debt of $2.3 billion at True Corp expects to make a t&m&SdcsKyfjzpfolu vGefcJhonfh&ufowå Thailand’s richest man Dha- ly the only major Thai telecom the end of 2013, the third larg- SUR¿WWKLV\HDUDIWHUDQHWORVVRI ywfu ajymMum;cJhonf/ nin Chearavanont, plans to of- operator without a foreign part- est among telecom operator in 9 billion baht ($278.55 million) xdkif;EdkifiH\ tcsrf;omqHk;yk*¾dKvf fer any potential partner new ner. Market leader Advanced Southeast Asia, Reuters calcu- last year, mainly due to gains Dhanin Chearavanont shares equivalent to about Info Service Pcl is 23 percent lations show. from a listing of the fund. ydkifqdkifonfh quarter of its existing equity, owned by Singapore Telecom- &KLHI )LQDQFLDO 2̇FHU 1RS It also plans to invest 26.5 bil- True Corp onf vuf&Sdvkyfief;&S,f,m Chief Executive Suphachai munications and Total Access padol Dej-Udom said True was lion baht ($820 million) this \ av;yHkwpfyHkudk pdwf0ifpm;onfhvkyfief; Chearavanont told reporters. Communication is majority considering selling more tele- year, primarily to expand its odkY urf;vSrf;rIrsm; jyKvkyfoGm;&efpDpOfxm; “We prefer to raise funds via owned by Norway’s Telenor. coms networks to an infrastruc- mobile and high-speed broad- an equity issue to open way for )DFLQJ VWL̆ FRPSHWLWLRQ DW ture fund it had listed in De- band Internet businesses as it aMumif; trIaqmifcsKyfjzpfol Suphachai a foreign partner to take a stake home, True Corp has set its cember to pay down more debt. targets revenue growth of 7 to 9 Chearavanont u owif;axmufrsm; in True,” Suphachai said. He sights on the rapidly growing The fund’s listing raised $1.8 percent. tm; ajymMum;cJhonf/ declined to give further details. economies of Southeast Asia. billion in December, True The company expects to con- Suphachai said True Corp which helped cut the \&S,f,mrsm;tm; EdkifiHjcm; FOXGH LWV ¿UVW 6RXWKHDVW $VLDQ aimed to sign on 100 million debt down to 75 billion tpkpyfvkyfief;wpfckodkY a&mif;csjcif;jzifh deal – a joint partnership with subscribers in the region over baht ($2.32 billion), he vkyfief;\ aiGvHk;aiG&if;udk jr§ifhwif&ef Myanmar’s Yatanarpon Tel- WKHQH[W¿YH\HDUVZKLFKZRXOG added. twGuf qE´&SdaeaMumif; Suphachai eport – within the next two EHDOPRVW¿YHWLPHVDVPXFKDV True also planned to months, Suphachai said. its current subscriber base in cut the par value of its u ajymMum;cJhonf/ 30 SOCIAL SCENES Myanmar Business Today March 13-19, 2014 mmbiztoday.com

GE Lighting and Krislite Myanmar Distributor Agreement Signing Ceremony

Douglas E Sonnek, Political/Economic Chief, Em- U Myint Swe, Chief Minister of Yangon Region Gov- bassy of the United States of America, speaks at the Jack Tan, Country Manager, GE Lighting for Sin- ernment, speaks at the ceremony. GE ceremony. GE gapore, Brunei & Myanmar, speaks. GE

(From L-R) Ching Leong Derek Ng, Marketing Manager, SE Asia, GE Lighting, Sims Teo, Director, Krislite Pte. Ltd, Douglas E. Sonnek, Politi- (From L-R) Jack Tan, (From L-R) Jack Tan, cal/Economic Chief, Embassy of the Country Manager, GE Country Manager, United States of America, U Myint Lighting for Singapore, GE Lighting for Sin- Swe, Chief Minister of Yangon Re- Brunei & Myanmar, gapore, Brunei & My- gion Government, Kyaw Moe Naing, and Sims Teo, Director, anmar, and Sims Teo, Managing Director, Krislite Pte Ltd, Krislite Pte Ltd, pose for Director, Krislite Pte. Andrew Lee, Chief Country Repre- a photo. GE Ltd, at the signing. GE sentative, GE Myanmar and Jack Tan, Country Manager, GE Lighting for Singapore, Brunei & Myanmar. GE

Signal Myanmar Oral Health Month (SMOHM) Launching Ceremony

MDA Vice President Professor Daw Swe Swe Win giving an opening speech.

U Zaw Myo Hlaing and MDA’s vice presi- 700 children taking part in the opening of Dr Myint Htein giving oral education to the dent Professor Daw Swe Swe Win opening Opening of Signal Myanmar Oral Health SMOHM. school children. the Signal Myanmar Oral Health Month. Month. Unilever Country Manager Ko Zaw Myo Hlaing giving opening speech.

Signal and Members at the opening ceremo- Children taking part in the massive tooth- Dr. Myint Htein giving oral education pres- Dr. Myint Htein giving oral education to the SMOHM ny. brushing event. entation to the school children. school children. 60th Anniversary of Establishment of Myanmar, Win & SPAM Auto Show Japan Diplomatic Relations

Cars at the display. Htet Aung

Performers at the show. Htet Aung Performers at the show. Htet Aung

Win & SPAM executive gives his speech. Htet Aung

Performers at the show. Htet Aung

Models present a car. Htet Aung Ribbon cutting ceremony. Htet Aung A traditional dance performance. Htet Aung 31 CLASSIFIEDS Myanmar Business Today March 13-19, 2014 mmbiztoday.com 32 ENTERTAINMENT Myanmar Business Today March 13-19, 2014 mmbiztoday.com 0\DQPDU1DWXUDO6LWHV,GHQWL¿HGDV7RS 3ULRULWLHVIRU:RUOG+HULWDJH1RPLQDWLRQ

Kyaw Min largest lakes in Southeast Asia. It provides habitat for 10 glob- wo natural heritage sites ally threatened bird species and in Myanmar – Nat Ma is of outstanding value for con- TTaung National Park servation of migrating water- in Chin state and the Indaw- birds. The lake also contains gyi Lake Wildlife Sanctuary LPSRUWDQW HQGHPLF ¿VK DQG in Kachin state – have been turtle species, such as the Bur- recommended as priority can- mese Peacock Turtle. didates for future nomination The recommendations to UNESCO’s World Heritage emerged from the National List, the UN’s specialised agen- Consultation Meeting organ- cy said. ised by the Ministry of Environ- Rising from the surround- mental Conservation and For- ing Chin Hills, Nat Ma Taung estry and UNESCO last month National Park is renowned for in the country’s capital Nay Pyi its extreme elevation gradient Taw. and great beauty. Serving as Dr Nyi Nyi Kyaw, director- Wahgyi a refuge during the last glacial general of the Forestry Depart- period, the site is an alpine “sky ment, said: “Myanmar still does island” with a diversity of Him- not have any natural World Nat Ma Taung National Park in Chin state. DOD\DQÀRUDDQGLVKRPHWRRYHU Heritage sites, yet there are sev- protection and management of ties recommended the two sites the World Heritage Frame- 800 plant species, including a eral sites with high potential. these irreplaceable sites.” from among the seven that were work”, which is being support- rich variety of orchids, and sev- The designation of World Her- Participants from government recently proposed for Myan- ed by the Government of Nor- eral endemic bird species. itage would provide opportuni- ministries, national and inter- mar’s World Heritage Tentative way through the Nordic World Indawgyi Lake is one of the WLHV IRU SUDFWLFLQJ WKH H̆HFWLYH national NGOs and universi- List. The Tentative List is the Heritage Foundation. inventory of sites that Myan- 7KH RWKHU ¿YH VLWHV ZKLFK mar considers has potential for have been proposed as hav- future World Heritage listing. ing potential for future natural A signatory to the World Her- World Heritage inscription are: itage Convention since 1994, the Northern Forest Mountain Myanmar does not yet have any Complex containing the snow- sites inscribed on the List. capped Mt Hkakaborazi, which Dr Tim Curtis, chief of UN- rises to 5,880 metre; the Myeik ESCO Bangkok’s Culture Unit, Archipelago containing over said: “World Heritage provides 800 islands surrounded by ex- a framework for the highest lev- tensive coral reefs in the Anda- el of international commitment man Sea; the Hukaung Valley to the protection of sites which Wildlife Sanctuary, an impor- are considered of Outstanding tant habitat for globally threat- Universal Value. Myanmar is ened wildlife, notably tigers and now taking an important step Asian elephants; the Tanintha- forward in protecting its natu- ryi Forest Corridor, the largest ral heritage in accordance with remaining lowland evergreen World Heritage standards.” forest in mainland Southeast The consultation meeting was Asia; and the Ayeyawaddy Riv- conducted under the UNESCO er Corridor, home to the threat- project “Safeguarding Natural ened freshwater Irrawaddy Dol- Nang Dong Pay Indawgyi Lake in Kachin state. Heritage in Myanmar within phin.