Myanmar Business Today

February 13-19, 2014
Myanmar Business Today

mmbiztoday.com
mmbiztoday.com February 13-19, 2014 | Vol 2, Issue 7 MYANMARS FIRST BILINGUAL BUSINESS JOURNAL
Myanmar Summary
Contd. P 23...(Myanmar Recalls)
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Myanmar Recalls Singapore
Consortium for $1.1-b Airport Deal
Shein Thu Aung
T
Ie DepurLmenL
oI CIvII AvIuLIon
(DCA) Ius InvILed
u consorLIum comprIsIng
SIngupore`s CIungI AIr-
porL PIunners und EngI-
neers (CAPE), Yongnum
HoIdIngs und Jupun`s
JGC Corp Lo resLurL nego-
LIuLIons on u governmenL
Lender Lo buIId und oper-
ate a new international
uIrporL In Myunmur, one
oI LIe compunIes suId IusL
week.
Yongnum suId In u sLuLe-
ment that its consortium
Ius receIved un InvILu-
LIon Irom LIe DCA Lo en-
Ler InLo negoLIuLIon on LIe
desIgn, consLrucLIon, op-
eration and maintenance
oI HunLIuwuddy nLernu-
LIonuI AIrporL (HA) und
its facilities on the basis of
u pubIIc-prIvuLe purLner-
sIIp ugreemenL Ior u o-
yeur concessIon perIod.
The consortium was
numed In AugusL us LIe
buckup cundIduLe Lo Luke
on LIe esLImuLed $1.1-bII-
IIon projecL, uILer LIe MIn-
IsLry oI TrunsporL pIcked
u rIvuI consorLIum Ied by
South Koreas Incheon
nLernuLIonuI AIrporL
Corp us LIe preIerred bId-
der Ior LIe Lender.
However, dIscussIons
with the South Korean
consorLIum Iuve sInce
broken down reporLedIy.
A MInIsLry oI TrunsporL
om cIuI LoId ReuLers LIuL
LIe governmenL wunLed
un uIrporL cupubIe oI
IundIIng 1z mIIIIon pus-
sengers. ncIeon oered
Lo buIId one wILI cupuc-
ILy Ior 1o mIIIIon peopIe,
wIIcI wus one oI LIe Is-
sues LIuL cuused negoLIu-
LIons Lo sLuII, LIe om cIuI
suId.
L doesn`L meun LIe
deuI wILI ncIeon Is o
now. L`s jusL been Lem-
porurIIy suspended und
LIe buII Is In LIeIr courL,
ReuLers quoLed LIe un-
numed om cIuI us suyIng.
TIe HA Is projecLed Lo
Iuve un unnuuI pussenger
cupucILy oI ubouL 1z mII-
IIon peopIe und wouId be
buIIL uL u IocuLIon q8 mIIes
norLIeusL oI Yungon, My-
unmur`s commercIuI cen-
Lre und Iormer cupILuI.
Yongnum dIdn`L sLuLe
wIen ILs consorLIum re-
Contd. P 23...(Myanmar Recalls)
US Export-Import Bank
Opens to Myanmar
Bank to ofer short- and medium-term fnancing in Myanmar; Says will help
reintegrate Myanmar and US exporters
Fred Hochberg, chairman and president of the US Export-Import Bank, speaks during the US Export-
Import Bank annual conference in Washington, DC. The Export-Import Bank is an independent federal
agency that heIps create and maintain US jobs by IIing gaps in private export nancing at no cost to
American taxpayers.
T
Ie ExporL-mporL
Bunk oI LIe UnIL-
ed SLuLes (Ex-m
Bank) said it will start
oerIng credIL Ior Lrude
wILI Myunmur, In u bId
Lo supporL US exporLers
uguInsL compeLILors In u
market that has boomed
sInce economIc reIorms.
Phyu Thit Lwin red HocIberg, cIuIr-
mun oI LIe US govern-
menL IendIng ugency, suId
the announcement would
send u sLrong sIgnuI
that we are committed to
sLrengLIenIng economIc
LIes wILI Burmu us LIe nu-
LIon conLInues ILs LrunsI-
LIon.
A
n
d
r
e
w

H
a
r
r
e
r
/
B
lo
o
m
b
e
r
g
Contd. P 6...(\S LxportImport) Contd. P 6...(\S LxportImport)
Myanmar Summary
~..q~,.- .~, . .
~ , ~ . , .~ ~.,_e _., .:
.. ~,.e._...q:~
credit .,.~:. _.......:.
._e .q_.. ...:..q._._.
._.: .. . .:..~ _.. . ~~_ .
~._ e _e . ~ . ~~ .:..:
_., .: ...~~~ ~..q~,.
_._~...._~:...._:,
. .~:..- Changi
Airport Planners and Engineers
(CAPE) YongnamHoldings
. .,.- J GC Corp
~ . ...| .e ._ .:.._ . .. :.
.q.~ ~:.. _~ .~:. _., .:.
~ ~_.__._.q:....
.. _~.~ ~_ ..:~ . :.q,
~~ ~ ..... .. .:.~:. _., ._
_.. . q, e ~ ..'. ._~: . ~.
.|~ . ~ .:.~,~ . ~ . ~ ~. .
. ._.:_~:..._.
e .. .. :..q.~ ~:.. _ ~ .
._ _._~...._~:....
_:,-e ~ _~:..~ ~q e .:~~
... . .. _ ~ .- . ~ .. .
..:~ . . . . . , ...: q ~ .
.:. ..,......:.~ ...
.. .. :.q, ~~ ~ _e. ._~: .
.q._.
. ..: .q.~, _~ ._:,. .~:
~ q . e:. . - I ncheon
International Airport Corp
~:. ~..q~,..'.: ~.~
. e ~, e .q e .:~~ ... .
....~,._~. ~.~:~
_ .e: ..: q ~ q, ~~ ~ ~
mmbiztoday.com
2
LOCAL BIZ
MYANMARS FIRST BILINGUAL BUSINESS JOURNAL
Board of Editors
Editor-in-Chief - Sherpa Hossainy
Reporters & Writers
Sherpa Hossainy, Kyaw Min, Tha Linn,
Phyu Thit Lwin, Htet Aung,
Su Su, Aye Myat, Daisuke Lon, Yasumasa Hisada
Art & Design
Zarni Min Naing (Circle)
DTP
May Su Hlaing
Translators
Shein Thu Aung, Phyu Maung
Advertising
Seint Seint Aye, Moe Hsann Pann, Htet Wai Yan
Advertising Hotline - 09 420 237 625, 09 4211 567 05,
09 31 450 345
Managing Director
Prasert Lekavanichkajorn
pkajorn@hotmail.com
Email
Editor - sherpa.hossainy@gmail.com
Advertising - sales.mbtweekly@gmail.com
Designer - zarni.circle@gmail.com
Phone
Editor - 09 42 110 8150
Designer - 09 7310 5793
Publisher
U Myo Oo (04622)
No. 1A-3, Myintha 11
th
Street,
South Okkalapa Township, Yangon.
Tel: 951-850 0763,
Fax: 951-8603288 ext: 007
Shwe Naing Ngan Printing (04193)
Printing
Subscription & Circulation
Aung Khin Sint - aksint2008@gmail.com
09 20 435 59
Nilar Myint - manilarmyint76@gmail.com
09 4210 855 11
Mi li tar y-owned shi ppi ng li ne to buy 3 vessels
TIe mIIILury owned Myunmu Ive-SLur SIIppIng Ine,
LIe Ione oceungoIng sIIppIng IIne In Myunmur, wIII buy
LIree more vesseIs LIIs yeur Lo udd Lo LIeIr zz-sIIp eeL,
u senIor om cIuI oI LIe sIIppIng IIne suId. EsLubIIsIed In
1qq, Myunmu Ive-SLur SIIppIng Ine wus LrunsIerred
Lo Myunmu EconomIc HoIdIng Ld under LIe deIence
mInIsLry In u sweepIng prIvuLIsuLIon scIeme In zo1o.
Ten foreign insuronce prms ouoiting permits
Ten IoreIgn Insurunce compunIes Irom LIe UK, runce,
AusLruIIu, SIngupore und CIInu ure wuILIng Ior permIs-
sIon Lo operuLe In Myunmur. TIe Insurunce IndusLry, u
governmenL monopoIy In LIe pusL 6o yeurs, wus opened
Lo 1z IocuI prIvuLe compunIes In SepLember zo1.
1ndustrg hodg seeks to oholish 1opc customs
dutg on cellphone imports
TIe governmenL Ius been requesLed Lo uboIIsI 1o per-
cenL cusLoms duLy on LIe ImporL oI mobIIe IundseLs,
generuI secreLury oI Myunmur CompuLer EnLrepreneurs
AssocIuLIon suId. AL presenL, 1o percenL cusLoms duLy,
percenL commercIuI duLy und z percenL udvunced Luxes
ure IevIed on IundseL ImporLs.
Mgonmor to consult internotionol prms on
for ei gn banks oper ati on
Myunmur Is pIunnIng Lo IIre InLernuLIonuI consuILIng
hrms Lo uIIow operuLIon oI IoreIgn bunks In LIe counLry,
CenLruI Bunk DepuLy Governor SeL Aung suId.
Yangon to have under gr ound r ai l, sky tr ai ns
by 2025
An underground ruII servIce und IIgI-speed sky LruIn
sysLem wIII be InLroduced In commercIuI cILy Yungon In
zoz Lo sorL ouL LIe worsenIng Lrum c congesLIon, RuII
MInIsLer TIun HLuy suId. TIe underground ruII und LIe
sky LruIn wIII be ImpIemenLed In cooperuLIon wILI LIe
JCA (Jupunese nLernuLIonuI CooperuLIon Agency),
und wIII be 1o.km und 11.km respecLIveIy.
Deolers see higger morket for Mgonmor rice
after Chi na cancels Thai plan
ocuI experLs und deuIers suy Myunmur rIce cun expecL
u bIgger murkeL In CIInu, wIIcI cunceIIed u pIun Lo buy
more LIun one mIIIIon Lonnes oI TIuI rIce. CIIL KIIne,
cIuIrmun oI LIe Myunmur RIce ndusLry AssocIuLIon,
suId LIe rIse In rIce exporLs Irom Myunmur Lo CIInu wIII
be muInIy LIrougI border Lrude.
Mi li tar y to sur r ender over 150,000 acr es of
sei zed land
TIe Communder-In-CIIeI Ius upproved LIe mIIILury`s
reIInquIsIIng 1q,116 ucres oI LIe seIzed IurmIund,
DepuLy DeIence MInIsLer Mujor GeneruI Kyuw NyunL
LoId LIe PurIIumenL. TIe mIIILury does noL Iuve uny
more scIeme Lo seIze Iund, Ie suId.
Mgonmor to odopt metric sgstem
TIe MInIsLry oI Commerce Is prepurIng Lo udopL LIe
nLernuLIonuI SysLem oI UnILs (S or meLrIc sysLem) us
LIe counLry`s om cIuI sysLem oI meusuremenL In u bId Lo
sLreumIIne LIe weIgIL meusurIng process In exporLIng
ugrIcuILuruI producLs sucI us rIce, beuns und, Dr PwInL
Sun, depuLy mInIsLer Ior commerce, suId.
Mgonmor to priootise oirport in Mon stote
Myunmur LrunsporL uuLIorILIes wIII prIvuLIse MuwIu-
myIne uIrporL In souLIeusLern Mon sLuLe by InvILIng
Lender. Under LIe uIrporL upgrudIng progrum, IocuI
compunIes wIII be uIIowed Lo operuLe LIe MuwIumyIne
uIrporL busIness, sLuLe-run medIu suId. TIe upgrudIng
pIun wIII IncIude consLrucLIon oI u recreuLIon cenLer,
resLuurunLs, sLores und money excIunge counLers. TIe
Lender InvILuLIon wIII be cIosed uL LIe end oI LIIs monLI.
Business News in Brief
Myanmar Summary
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.. : , . .~:...~ee.:..__e.._~:. e ... :. ..
~_~ .~, .~. ..: ~..~ ._.:_~:..._.
_~e |.. .. :. .~ ~ . . . ~.~~_.:._.._.,.:
_~e |.. .. :. .~:.~~~. . . ~ . . . . . , ..:.
~_e.._.:... ...~~q ~:~e.q.~,_~._:,.~.~:~
q _.,.:...:..q... ..~~..~......_. e.~
_. .. _..._~.. . ~:. . ~, ~ .. ~:..~.~..|.
~~ .._ _., .:. ~ ~:.. . . , ..:...: q~q,~~~
._..~~ ..:.. .,._~:. .q._.
.,...:..._.:~.e.,~~_.~~:....,.~:.~..q
~.:.....: q ~ . _. .~~,. . . .~ ~ :.. ._. . ~
...,. ~ . ~:. ~:....,..:. ..:q~q, ~~~
~.|.e....._. ..e,..~ .:.~ . .q:~ .....:
q..: ~.~:~., ~~ q:..,.~:. e~ . . ....q, ~~ ~ ~. .q
. ~.~:~ .,_:,. .~:...._~:._.,.:. ~ , .~:~. .
. ~. . ~~ ..q...~ ._.:_~:..._.
e. .~ q ~. , ~ . .e, ..~.:.~..q:~~.~:~
., ~~ q:..,. ~,.e., q:..,. . advanced tax
~_e. q:..,. .~:~.._~:..q._.
mmbiztoday.com
3
LOCAL BIZ
Myanmar Summary
Contd. P 28...(Mobile Money)
Will Mobile Money be Disruptive in Myanmar?
Mobile Money is fnally in Myanmar. But will the people of Myanmar adopt it as a replacement for physical cash?
Lois Eva Adhiambo
Adongo
T
Iere`s been u IoL oI Iype
uround mobIIe In Myun-
mar since Ooredoo and
Telenor won the bid for the
countrys two mobile licences in
zo1. BuL LIe number one cIuI-
Ienge LIuL uII LIe mobIIe money
servIce provIders wIII need Lo
uddress Is udopLIon. ProvIders
wIII need Lo gIve LIe peopIe oI
Myunmur u compeIIIng reuson
Lo repIuce LIeIr IeuLIer wuIIeLs
wILI u mobIIe pIone.
TIe benehLs Ior poLenLIuI ser-
vIce provIders seem obvIous
enougI Lo hgure ouL. InuncIuI
institutions like banks may see
u wuy Lo soIve LIe probIem oI
dIsLrIbuLIon und ucIIevIng LIe
IusL mIIe. TIe concepL oI mobIIe
money hLs nIceIy InLo MNOs
busIness modeIs - poLenLIuI
reduction in subscriber churn;
Increuse In murkeL sIure; In-
creused suvIngs on uIrLIme
scratch card distribution costs
(sucI us prInLIng, commIssIons
Lo uIrLIme re-seIIers, eLc); In-
creused Averuge Revenue per
User (ARPU), umong oLIers.
And LIey promIse oLIer ucLors
In LIe vuIue cIuIn u more cosL-
eecLIve busIness modeI.
CIeurIy, LIere Is u vuIue prop-
osition for each of these mobile
puymenLs provIders. BuL wIuL`s
not clear is what consumers
need In mobIIe money In My-
unmur. UnLII cusLomers LIem-
seIves see wIuL`s In IL Ior LIem,
theyre unlikely to ditch their
pIysIcuI wuIIeLs Ior LIe mobIIe
wuIIeLs. UnLII LIen, LIe MobIIe
InuncIuI ServIces RevoIuLIon
Iype In Myunmur wIII jusL be
LIuL - Iype - beIore IL Is uILI-
muLeIy consIgned Lo LIe scrup-
Ieup oI PowerPoInL presenLu-
tions like many other similar
servIces uround LIe worId.
TIIs monLI, Myunmur MobIIe
Money IuuncIed LIe counLry`s
hrsL nuLIonuI mobIIe money
servIce. TIe servIce Is bused
on OberLIur TecInoIogIes`
MoreMugIc MobIIe WuIIeL. Ap-
purenLIy, LIe servIce wIII In-
cIude person-Lo-person Lruns-
Iers, cusI-InJ-ouL uL desIgnuLed
ugenL IocuLIon, uIrLIme Lop-up,
suIury dIsbursemenLs, und mer-
cIunL puymenLs. Ooredoo Ius
uIso LIrown ILs IuL InLo LIe rIng
und recenLIy unnounced pIuns
Ior mobIIe money servIces.
AccordIng Lo LIe GSMA, LIere
ure zo8 mobIIe money pro-
grums In LIe worId Loduy spreud
over 8 counLrIes. OnIy nIne
progrums ouL oI LIe zo8 Iuve
over 1 mIIIIon ucLIve users. BuL
In order Ior even LIe mosL con-
servuLIve growLI projecLIons
Lo be reuIIsed, MobIIe Money
provIders In Myunmur wIII Iuve
Lo soIve LIe sume IundumenLuI
obstacle faced by mobile money
progrums uround LIe worId.
TIey wIII Iuve Lo gIve users u
compeIIIng reuson Lo udopL mo-
bIIe wuIIeLs, InsLeud oI puIIIng
ouL cusI Irom LIeIr IeuLIer wuI-
IeLs. EnLerIng dIgILs on u mobIIe
pIone In order Lo muke u pur-
cIuse InsLeud oI puyIng In cusI
Isn`L LIuL persuusIve. So LIe mo-
bIIe hnuncIuI servIces IndusLry
In Myunmur needs Lo come up
wILI soIuLIons LIuL gIve users u
reuson Lo use LIeIr mobIIes In-
sLeud oI cusI.
So wIuL needs Lo Iuppen In
order for consumers to see the
Lrue benehLs oI usIng u pIone Lo
conducL hnuncIuI LrunsucLIons?
1. TIe cusLomer`s hrsL mobIIe
money experIence needs Lo be
excepLIonuI und memorubIe.
Myunmur beIng u cusI-bused
economy, peopIe ure used Lo
guurunLees LIuL onIy Iurd cusI
provIdes. n u counLry wIere Ior
your US doIIurs Lo be uccepLed
LIey Iuve Lo be prIsLIne - wILI-
out fold lines, marks, fades or
bends; you cunnoL uord Lo noL
geL IL rIgIL LIe hrsL LIme. TIuL
proposILIon cun`L jusL be u dII-
IerenL wuy Lo LrunsucL. L Ius Lo
be LIe besL. GoIng Lo LIe mur-
keL und LeIIIng LIe uveruge con-
sumer LIuL you`re InLroducIng
mobIIe money Is jusL noL goIng
Lo y. ProvIders wIII need Lo
cIeurIy speII ouL wIuL probIem
LIey ure LryIng Lo soIve; und In u
Iunguuge LIuL LIeIr LurgeL mur-
keL undersLunds.
However, us MobIIe Money
sIIILs buse Irom u vuIue-udded-
servIce Lo u commodILy In uI-
mosL uII emergIng economIes,
the sector continues to become
IncreusIngIy reguIuLed, LIus
nurrowIng LIe murgIns; mukIng
IL no Ionger sum cIenL Lo oer
mobIIe money onIy. ProvIders
LIereIore Iuve Lo be InnovuLIve
enougI Lo creuLe mobIIe money
- enubIed servIces, us LIIs Is
wIere LIe IIgI murgIns IIe.
TIe MobIIe Money IndusLry
worldwide has done a brilliant
job oI mImIckIng SuIurIcom`s
M-Pesu. ConsequenLIy, LIere
Ius been un overempIusIs on
PzP modeIs und IgnorIng oI
oLIer vuIue cIuIn needs. As LIe
IusL IronLIer In LIe LeIecommu-
nIcuLIons urenu, IL Is noL Loo dII-
hcuIL Lo IuII Ior LIe LempLuLIon
Lo Iocus more on repIIcuLIng
wIuL Ius worked In oLIer con-
LexLs InsLeud oI udupLIng soIu-
LIons Ior Myunmur`s specIhc
Iorm oI murkeL.
MobIIe Money provIders In
Myunmur Iuve un opporLunILy
Lo buIId busIness cuses und In-
novuLIve servIces bused on reuI-
ILIes und needs oI LIe Myunmur
peopIe; und grounded In LIe Io-
cuI conLexL. ucLors sucI us de-
mogrupIIc dIvIdend und oLIer
vuIue cIuIn InLerucLIons need Lo
be uL LIe IoreIronL oI LIeIr rev-
enue modeIs. A copy-pusLe or
uILeruLIon oI LIe M-Pesu modeI
or any other model for that
muLLer jusL won`L see LIe LIme
oI duy.
z. MobIIe money musL ucLu-
uIIy be ubIe Lo repIuce cusI.
n order Ior peopIe Lo IuIIy
udopL LIe Ideu oI usIng LIeIr
mobIIe pIone us u repIucemenL
Ior cusI, uII LIe possIbIIILIes
oI IuvIng cusI on Iund musL
be IeusIbIe on u mobIIe pIone.
Otherwise it makes no sense to
go mobIIe. WIuL LIIs uILImuLeIy
means is that the same way cash
in a wallet is within reach and
cun be eusIIy converLed InLo u
producL or servIce, so sIouId
mobIIe money.
TIus, LIe cIuIIenge Ior pro-
vIders Is Lo ensure LIuL boLI
consumers und mercIunLs Iuve
wIuL IL Lukes Lo compIeLe u mo-
bIIe money LrunsucLIon. CusI
InJ CusI ouL ugenLs und mer-
cIunL POSs Iuve Lo be ubIquI-
Lous. To succeed, LIe mobIIe
money provIders wIII Iuve Lo
enguge u weII-compensuLed,
u weII-LruIned, und un ucLIve
ugenL neLwork workIng us ILs
LoucI-poInL.
TIe suyIng LIuL peopIe pre-
Ier Lo deuI wILI peopIe, noL mu-
cIInes Ius never been more
true than in the mobile money
spuce. CusLomers musL uIso
Iuve uccess Lo mobIIe pIones.
CurrenLIy, LIe mobIIe pIone
peneLruLIon In Myunmur Is up-
proxImuLed uL Iess LIun zo per-
cenL.
. CIuIIenge oI pIone cIurg-
Ing needs Lo be uddressed.
L`s gIven LIuL everyone wILI
u mobIIe pIone wouId benehL
Irom uccess Lo pIone cIurgIng
servIces, buL II mobIIe money
is to hit the mainstream then
LIe pIones beLLer Iuve enougI
power Lo IusL u coupIe duys.
TIIs Is u prucLIcuI Issue LIuL Ius
Lo be uddressed In Myunmur
wIere neurIy ; percenL oI LIe
counLry`s 6o mIIIIon peopIe Iuck
Contd. P 28...(Mobile Money)
In order for even the most conservative growth
projections to be realised, Mobile Money
providers in Myanmar will have to solve the same
fundamental obstacle faced by mobile money
programs around the world.
MobiIe Money providers in Myanmar have an opportunity to buiId business cases and innovative services based on reaIities and
needs of the Myanmar people; and grounded in the local context.
S
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~~, ...~ _.,.:.. .~
.e.q....:.~ .,:.~..-
Ooredoo . ~:~:.- Telenor
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mmbiztoday.com
LOCAL BIZ
4
Myanmar Summary
South Indian Cement
Producers Test Myanmar Market
Kyaw Min
C
emenL producers In
souLIern ndIu Iuve be-
gun exporLIng Lo Myun-
mar as a result of harsh market
condILIons und decreused do-
mesLIc demund.
AILer successIuIIy enLer-
Ing InLo LIe SrI unkun exporL
market, manufacturers such as
Dalmia Bharat Cement Ltd, The
India Cements Ltd, Chettinad
CemenL Corp Ld und Rumco
CemenLs Ld Iuve sLurLed LesL-
Ing LIe murkeL In Myunmur.
VIpIn AgurwuI, cIIeI execuLIve
om cer (SouLI) oI DuImIu Ce-
menLs, LoId IocuI press LIuL de-
mand in south India has fallen
und cemenL producers In LIe re-
gIon ure operuLIng uL uround
percenL oI LIeIr ruLed cupucILIes.
TIe Lwo IurgesL murkeLs, Tu-
mII Nudu und AndIru PrudesI,
wILnessed neguLIve growLI In
LIe pusL yeur und LIe murkeL In
KeruIu remuIned uL. DuImIu
sLurLed sIIpmenLs oI upproxI-
muLeIy 1o,ooo Lo 1z,ooo Lonnes
Lo Myunmur In Junuury In un
uLLempL Lo boosL suIes.
He said that manufacturers
muke Loken prohLs Irom LIIs
murkeL, buL Iuve sLurLed seed-
Ing IL wILI LIe Iope LIuL IL wIII
Lurn prohLubIe In IuLure. TIe
compuny exporLs cemenL Irom
LIe porL uL TuLIcorIn In souLI-
ern TumII Nudu.
Rumco CemenLs Ius uIso be-
gun exporLIng Lo Myunmur
Irom KuruIkuI PorL, wIIcI Is
IocuLed neur Lo LIe compuny`s
AIuLIIyur pIunL In norLIern
TumII Nudu. TIe CIIeI Execu-
LIve Om cer oI Rumco CemenLs,
AV DIurmukrIsInun, reporLed
LIuL LIe compuny Ius exporLed
uround qo,ooo Lonnes oI ce-
menL Lo Myunmur Lo duLe sInce
IL sLurLed ILs exporLs sIx monLIs
ugo.
or LIe souLIern cemenL
munuIucLurers, wIo ure reeIIng
under mussIve cupucILy over-
Iung, LIIs smuII exporL oppor-
LunILy uppeurs us u Iedge, uIbeIL
u very smuII one.
Myunmur Is LIe second exporL
market that manufacturers are
LesLIng uILer SrI unku. eud-
Ing cemenL munuIucLurers Irom
souLI ndIu sLurLed exporLs
Lo SrI unku or ure IncreusIng
LIeIr monLIIy dIspuLcIes, In
u bId Lo purLIcIpuLe In LIe posL
cIvII wur reconsLrucLIon In LIe
IsIund nuLIon.
A Iabourer carries a cement bag before Ioading it onto a truck at a raiIway goods yard in India.
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Mann Yadanarpon AirIines received its rst brand new 7U-seated ATR 72-UU air-
craft on January 31.
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New Private Airline to
Launch its Maiden Flight
L
ocuI prIvuLe uIrIIne Munn
Yudunurpon wIII IuuncI
ILs hrsL domesLIc muIden
IgIL on ebruury z; IookIng Lo
Lup LIe boomIng uvIuLIon mur-
keL In Myunmur, uIrIIne sources
suId.
Munn Yudunurpon AIrIInes,
Myunmur`s eIgILI domesLIc uIr-
IIne, receIved ILs hrsL brund new
;o-seuLed ATR ;z-6oo uIrcruIL
on Junuury 1.
TIe second uIrcruIL Is expecL-
ed Lo urrIve uL LIe end oI MurcI,
wIIIe u LIIrd pIune wIII urrIve In
Yungon In November, compuny
om cIuIs suId. TIe compuny ex-
pecLs Lo IuuncI ILs hrsL InLer-
nuLIonuI IgIL Lo CIIung MuI
wILIIn LIIs yeur.
TIe uIrIIne wIII operuLe ILs
commercIuI IgILs Lo Yungon,
MunduIuy, Nyuung U, HeIo,
KyuIneLone, TucIIIeIk und My-
itkyina from its main base at
MunduIuy nLernuLIonuI AIr-
porL.
In addition to its scheduled
domesLIc IgILs, LIe uIrcruIL
wIII serve us u cIurLered IgIL
Ior domesLIc und regIonuI des-
LInuLIons.
TIe uIrIIne wIII IuLer expund
Htet Aung ILs domesLIc rouLes, yIng Lo
other local destinations such as
PuLuo, HomuIIn, BIumo, Mo-
nywu, KuIuy und oIkuw.
TIe oLIer seven IocuI uIrIInes
In Myunmur ure AIr Mundu-
Iuy, AIr KBZ, GoIden Myunmur
AIrIInes, Yungon AIrwuys, AIr
Bugun und AsIun WIngs.
Myanmar Summary
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.q._.
. q .~ :. ~ , ...~ ~ . .~: _.
.: ._...._...,:~ Dalmia
Bharat Cement Ltd, The India
Cements Ltd, Chettinad Cement
Corp Ltd . Ramco Cements
Ltd ~~. ..._.~...
.:.._ _.,.:...~~~ .....
~ . . .:.~ .~ _.. . . ._~: . . q
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Dalmia Cements - ~_~.~~
_e.. Vipin Agarwal ~ .~..:
q .. .. ~ ~ . e.~: . .-~e . ~:.
. :~...:.._~: . ._.:_ ~:. .._ .
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ATR 72-600 ..e:~..~ qq
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mmbiztoday.com
LOCAL BIZ
5
Myanmar Summary
World Bank Group Grants $31.5m for
Telecoms Sector Reforms
T
he World Bank
Group`s Bourd oI
ExecuLIve DIrec-
Lors IusL week upproved u
$1. mIIIIon credIL Irom
LIe nLernuLIonuI DeveI-
opmenL AssocIuLIon (DA)
for a telecommunications
secLor reIorm projecL In
Myunmur.
TIe projecL wIII work
Lowurds deveIopIng LIe
nIormuLIon, CommunI-
cuLIon und TecInoIogy
(CT) secLor by creuLIng
LIe enubIIng poIIcy, und
LIe reguIuLory und IeguI
envIronmenL Ior u com-
peLILIve LeIecommunIcu-
LIons murkeL, LIe Bunk
suId.
TIe gouI Is Lo expund
quuIILy mobIIe pIone
uccess und uordubIe
communIcuLIons In My-
unmur, LIe WusIIngLon-
based lender said in a
sLuLemenL.
TIe reIorm oI Myun-
mur`s LeIecommunIcu-
LIons secLor Is un InLegruI
purL oI IIILIng mIIIIons oI
peopIe ouL oI poverLy,
suId UIrIcI ZucIuu, WorId
Bank country director for
Myunmur.
Toduy, Myunmur Ius
one of the lowest rates
of telecommunications
and internet access in the
worId. TIe vusL mujorILy
oI peopIe Iuce IIgI cosLs,
poor servIce or u compIeLe
Iuck oI uccess. TIIs uecLs
poor peopIe und remoLe
communILIes LIe mosL.
The donor said the
projecL wIII reIorm LIe
governmenL-owned My-
unmur PosL und TeIecom-
munIcuLIons (MPT) Lo
sepuruLe LIe poIIcy und
operuLIonuI IuncLIons oI
Phyu Thit Lwin LIe governmenL Lo creuLe
u more IeveI pIuyIng heId.
L wIII uIso IeIp deveIop
und pIIoL u unIversuI ser-
vIce sLruLegy Lo ensure
LIe expunsIon oI servIce
to remote communities,
IL suId.
TIrougI LIe projecL LIe
Bunk uIso uIms Lo puL In
pIuce u IounduLIon Ior
eGovernmenL by de-
veIopIng LIe Myunmur
NuLIonuI PorLuI wIIcI
uIms Lo provIde cILIzens,
busInesses und vIsILors
(IncIudIng IoreIgn work-
ers, InvesLors und Lour-
IsLs) wILI u sIngIe on-IIne
wIndow Ior governmenL
InIormuLIon und servIces.
Over LIme LIe nuLIonuI
porLuI Is expecLed Lo be-
come u mobIIe-IrIendIy
LooI Ior users Lo hnd In-
IormuLIon In Myunmur
Iunguuge und In EngIIsI,
provIde suggesLIons und
Ieedbuck ubouL poor ser-
vIce deIIvery or IncIdenLs
oI corrupLIon, und Lruns-
ucL servIces In un eIec-
LronIc envIronmenL.
The Bank lauded the
Myunmur governmenL`s
sLeps Lo reIorm LIe LeI-
ecommunications sector
wIIcI IncIudes enucLIng
the Telecommunications
uw und grunLIng Lwo
new operuLors - TeIenor
Irom Norwuy und Oo-
reedoo Irom QuLur - LeI-
ecom IIcences.
L suId LIe projecL wIII
uIso provIde LecInIcuI us-
sistance to conduct a due
dIIIgence revIew oI Iuws
coverIng prIvucy, duLu
proLecLIon, cyber-crIme,
und uccess Lo und Iree-
dom oI InIormuLIon. L
wIII IdenLIIy gups In LIese
Iuws und recommend u Ie-
guI und reguIuLory Irume-
work consIsLenL wILI In-
LernuLIonuI good prucLIce.
Once LIe sILes Ior pIIoL-
Ing LIe unIversuI servIce
sLruLegy In ruruI ureus ure
IdenLIhed, LIe projecL Im-
pIemenLIng ugency, LIe
MInIsLry oI CommunIcu-
tions and Information
TecInoIogy (MCT), wIII
orgunIse pubIIc consuILu-
LIons. TIese sessIons ure
expecLed Lo begIn In IuLe
zo1q und InpuL Irom pur-
LIcIpunLs wIII InIorm LIe
pIIoL desIgn. Two pubIIc
consuILuLIons meeLIngs,
orgunIsed by LIe MCT,
were IeId In Yungon In
November.
We supporL LIe gov-
ernmenL-Ied pubIIc con-
suILuLIons und we beIIeve
that future consultations
wIII provIde cIvII socI-
eLy orgunIsuLIons, IocuI
communities, and ethnic
groups wILI opporLunILIes
Lo enguge meunIngIuIIy In
projecL deveIopmenL und
ImpIemenLuLIon, suId
Kanthan Shankar, World
Bunk counLry munuger
Ior Myunmur.
TIe $1. mIIIIon DA
credIL Is purL oI LIe WorId
Bunk Group`s rupIdIy
growIng progrum enguge-
ment with the country
IL once sIunned. DurIng
IIs vIsIL Lo Myunmur uL
LIe end oI Junuury zo1q,
LIe group`s PresIdenL JIm
Yong KIm unnounced
pIuns Ior u $z bIIIIon
muILI-yeur deveIopmenL
puckuge wIIcI wIII In-
cIude projecLs Lo IeIp Im-
prove ugrIcuILure, uccess
Lo energy und IeuILI ser-
vIces.
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,~. ..e~:. ....~_e.
~_.__._.q:e_e.~.~~
.q.~e~._.. ~~~_...
q, ~~ ~ ~~_ _.. ~ ._~: .
.q._.
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~.~ .~.e.q.. ,_.
._:~_~:. .~:..,._
..'.. _~._~... e_.
....q._ .~.e.q....
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.~_ _..: q ~ . :.. . ._
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e. ~ . .... .:~ . q
_..- q_qe.~.: _.,.:
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LOCAL BIZ
6
From page ...(\S LxportImport)
First Mobile Money Services
Launched in Myanmar
French secure technology company Oberthur Technologies helps the launch
Phyu Thit Lwin
rencI dIgILuI securILy soIu-

LIons hrm OberLIur TecI-
noIogIes (OT) unnounced
LIuL IocuI hnuncIuI servIces
hrm Myunmur MobIIe Money
(MMM) Co Ld, LogeLIer wILI
ILs SIngupore-bused consuILIng
purLner MobIIemuLe TeIecom-
munIcuLIon, Ius IuuncIed Mo-
bIIe Money servIces In Myun-
mur, reIyIng on OT`s soIuLIon.
TIe servIces IncIude person-
Lo-person LrunsIer, ugenL-us-
sIsLed cusI-InJ-ouL, uIr LIme
Lop-up, suIury dIsbursemenLs
und mercIunL puymenLs.
TIIs hrsL nuLIonuI mobIIe
money servIce, oered In boLI
EngIIsI und Myunmur, Is bused
on OT`s MoreMugIc m:WuIIeL.
TIe servIce sLurLed In mujor
cILIes In Myunmur uL LIe end
oI zo1, und wIII progressIveIy
exLend Lo uII IocuIILIes In Myun-
mur, LIe compuny suId.
OT suId by LIe end oI zo1q,
LIere wIII be over 6,ooo ugenLs,
wILI expecLed doubIe-dIgIL
growLI over LIe nexL hve yeurs.
TIe servIces wIII evenLuuIIy
serve more LIun 8o percenL oI
LIe popuIuLIon, gIvIng LIem uc-
cess Lo busIc hnuncIuI servIces,
IL suId.
TIe ubIIILy Lo puy und Lruns-
fer money with their mobile
pIone LrunsIorms LIe everyduy
IIIe oI LIe Iess prIvIIeged, us LIey
... Iuve uccess Lo economIc uc-
LIvILIes In wIIcI LIey IormerIy
dId noL purLIcIpuLe suId Punkuj
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GuIuLI, CEO oI MoreMugIc, u dI-
vIsIon oI OT.
TIe servIce, IuuncIed wILI
LIe permIssIon oI LIe CenLruI
Bunk oI Myunmur, wIII sup-
porL LIe governmenL`s InILIuLIve
Lo brIng beLLer hnuncIuI ser-
vIces Lo LIe musses IeverugIng
on the new telecommunication
infrastructure that was recently
enIunced, LIe compunIes suId.
TIe Myunmur economy Ius
experIenced sLrong 6 percenL or
IIgIer unnuuI growLI over LIe
last few years, but less than 20
percenL oI LIe popuIuLIon Is ubIe
Lo uccess bunkIng servIces In un
economy LIuL Is IurgeIy cusI-
bused.
We Iuve LIe umbILIon Lo Ieud
LIe MobIIe InuncIuI ServIces
revoIuLIon In Myunmur. To
ucIIeve LIIs we ure InLegruLed
wILI uII LIe presenL mobIIe op-
eruLors oI LIe counLry, MECTE
und MPT, Dr Kyuw HLoo Inn,
cIIeI execuLIve oI Myunmur
MobIIe Money Co Ld, suId.
He suId OT`s pIuLIorm wIII uI-
Iow MMM Lo IuLer exLend ILs
servIce Lo oer mIcrohnunce
und IoyuILy progrummes.
Myunmur MobIIe Money ser-
vIce Is ubIe Lo propose muny new
servIces LIuL were prevIousIy
noL uvuIIubIe In Myunmur, suId
TIum Kwok WIye, munugIng
dIrecLor uL MobIIemuLe TeIe-
communIcuLIon PLe Ld.
He suId durIng LIe projecL
pIunnIng sLuges, OT und Mo-
bIIemuLe joInL projecL Leum co-
ordInuLed Lo deIIver LIe sysLem
bused on new deveIopIng re-
quIremenLs.
PresenL In LIe puymenL, LeI-
ecommunications and identity
murkeLs, OT oers end-Lo-end
soIuLIons In LIe heIds oI smurL
LrunsucLIons, mobIIe hnuncIuI
servIces, mucIIne-Lo-mucIIne,
dIgILuI IdenLILy und LrunsporL
& uccess conLroI heIds In 1qo
counLrIes. OT empIoys over
6 ooo empIoyees worIdwIde,
wILI revenues C88z mIIIIon us
oI zoo8.
Myanmar Summary
TIIs decIsIon ... wIII Im-
prove Lrude ows beLween
our two countries and
IeIp reInLegruLe Burmu
InLo LIe gIobuI economy,
he said in a statement,
uddIng LIuL IL wouId uIso
open un ImporLunL new
murkeL Ior US exporLs und
supporL AmerIcun jobs.
oIIowIng LIe un-
nouncemenL, Ex-m Bunk
wIII now provIde exporL-
credit insurance, loan
guurunLees und dIrecL
loans for creditworthy
exporL suIes Lo Myunmur
sLurLIng ebruury 6.
SIorL-Lerm Insurunce
Is uvuIIubIe Ior sovereIgn
LrunsucLIons wILI repuy-
menL Lerms oI 18o duys or
Iess, und up Lo 6o duys
Ior cupILuI goods. MedI-
um-Lerm Insurunce, Ioun
guurunLees und Iouns ure
uvuIIubIe Ior sovereIgn
transactions with
Lerms LypIcuIIy up
Lo hve yeurs, LIe
bunk suId.
WorkIng cupILuI
guurunLees, wIIcI
IeIp US exporL-
ers or LIeIr suppII-
ers to obtain funds
Lo produce or buy
goods or servIces
Ior exporL, wIII be
uvuIIubIe Lo supporL
exporLs Lo Burmu us
weII, LIe bunk suId.
Ex-m Bunk suId
it will also be able
Lo provIde Iong-Lerm sup-
porL In Myunmur, pro-
vIded LIere ure hnunc-
Ing urrungemenLs LIuL
eIImInuLe or exLernuIIse
counLry rIsks, sucI us us-
seL-bucked hnuncIngs und
sLrucLures LIuL eurn rev-
enues osIore In u LIIrd
counLry.
TIe US move IoIIows LIe
IuuncIIng oI poIILIcuI und
economIc reIorms In My-
unmur sInce zo11 wIen
u mIIILury governmenL
sLepped usIde und LIe
counLry sLurLed Lo move
away from nearly half a
century of army rule and
InLernuLIonuI IsoIuLIon.
A senIor bunk om cIuI,
brIehng reporLers In u
conference call, said its
decIsIon wus mude pos-
sIbIe by u IIILIng oI US
sanctions and the
end oI u yeur-Iong
moratorium on
reIendIng LIuL IoI-
Iowed u bIg debL
wrILe-o by LIe
PurIs CIub oI cred-
ILor counLrIes, Re-
uLers reporLed.
Another bank
om cIuI suId LIere
were excILIng op-
porLunILIes In
Myunmur Ior US
exporLers oI ugrI-
cuILuruI commodI-
LIes, In LIe Lruns-
porLuLIon secLor, und In
InIrusLrucLure, IncIudIng
power, mInIng und ugrI-
cuILuruI equIpmenL.
TIe hrsL bunk om cIuI
suId LIe uIm wus Lo cre-
uLe u IeveI pIuyIng heId
Ior US exporLers LryIng
Lo compeLe wILI IoreIgn
hrms LIuL were bucked by
exporL credIL ugencIes.
TIere Ius been u IoL oI
InLeresL expressed on LIe
purL oI u IoL oI dIerenL
US compunIes wIo wouId
IIke Lo be ubIe Lo compeLe
In LIe murkeLpIuce, Ie
suId.
From page ...(\S LxportImport)
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mmbiztoday.com
7
LOCAL BIZ
Myanmar Summary
Contd. P 8...(Road To Myanmar)
The Road to Myanmar is Inviting
but Potholed
FA Sheikh
M
yunmur Is Ing-
Ing open LIe
guLes Lo IoreIgn
InvesLmenL, seen us key
to the Southeast Asian
counLry`s IuLure uILer dec-
udes oI sLugnuLIon under
mIIILury ruIe. rom Cocu-
CoIu und UnIIever Lo Sum-
sung und ujILsu, LIe key
brands of international
compunIes cun be seen
IoggIng bIIIbourds.
nLernuLIonuI hrms
seem excILed by LIe un-
Lupped poLenLIuI oI u
counLry oI 6o mIIIIon,
described by consultants
McKInsey & Compuny
as nestled in the worlds
IusLesL-growIng regIon.
BuL LIere ure poLIoIes
on LIe wuy, experLs suy.
TIe Myunmur govern-
menL Is pusIIng Iuws
reIuLed Lo InvesLmenL,
envIronmenL und Iubour
sLundurds LIrougI u pur-
IIumenL LIuL`s noL weII re-
sourced, VIcky Bowmun,
dIrecLor oI LIe Myunmur
CenLre Ior ResponsIbIe
BusIness bused In Yun-
gon, suId.
A IoL oI LIese Iuws ure
noL beIng reIormed Lruns-
purenLIy, sIe suId, noLIng
LIuL LIe governmenL Is
essenLIuIIy experIencIng
LeeLIIng probIems.
nLernuLIonuI Inves-
tors will confront another
LroubIIng IucL. MosL Bur-
mese compunIes keep
Lwo seLs oI books und ure
noL sure Iow mucI Lux Lo
puy, sIe suId. oreIgn
purLners ure comIng In
und wunL Lo see hve yeurs
oI uccounLs.
TIe counLry, moreover,
Ius Iong operuLed In u
sLrong cIImuLe oI corrup-
LIon LIuL Ius seen LIe
governmenL uwurdIng
projecLs und reuI esLuLe
opporLunILIes wILIouL u
LrunspurenL LenderIng
process, sIe suId.
n zo1, Trunspurency
nLernuLIonuI guve Myun-
mur u score oI onIy z1 ouL
oI 1oo In ILs pubIIc secLor
corrupLIon Index, wILI u
Iow score IndIcuLIng IIgI
IeveIs oI wrongdoIng.
n moves so Iur, LIe
edgIIng udmInIsLruLIon
oI PresIdenL TIeIn SeIn
Ius sIgnuIIed ILs InLen-
LIon Lo joIn LIe ExLrucLIve
ndusLrIes Trunspurency
nILIuLIve (ET) In u bId
to show that the countrys
mIneruI und energy sup-
pIIes ure beIng deveIoped
responsIbIy.
BuL wIIIe purIIumenL
pussed un unLI-corrupLIon
Iuw In AugusL, crILIcs Iuve
sIummed LIe IegIsIuLIon
Ior ILs IneecLIveness In
LuckIIng rumpunL gruIL, In
purL due Lo ILs IuIIure Lo
creuLe un unLI-corrupLIon
ugency.
The key issue for some
new enLrunLs Lo Myun-
mars business scene
seems Lo be uccess Lo Iund.
TIere remuIns u IoL oI
conIusIon uround Iund,
suId Bowmun. urmers
wIo Iuve IosL LIeIr Iunds
ure demundIng compen-
suLIon uccordIng Lo mur-
keL ruLes. AmId sucI con-
Lroversy, InLernuLIonuI
food manufacturers for
exumpIe LIose LryIng Lo
source sugur Irom My-
unmur - muy Iuce u IeguI
cIuIIenge or consequenc-
es Ior LIeIr repuLuLIon,
sIe wurned.
Myunmur Ius experI-
enced weII-reporLed pro-
LesLs uL goId und copper
mInes und Iood-versus-
energy conLroversIes,
noted Lynn Thiesmeyer,
vIce presIdenL oI LIe Yun-
gon-bused EnvIronmenLuI
und EconomIc ReseurcI
nsLILuLe oI Myunmur,
reIerrIng Lo LIe govern-
menL`s oer oI Iurge LrucLs
oI Iood-producIng Iund Lo
energy compunIes.
urge-scuIe dums uI-
reudy buIIL by CIInu uIong
LIe SuIween RIver, us weII
us projecLed Issues In
LIe cILy oI SILLwe, repre-
senL noL onIy Iood Ioss
but also the loss of land,
the only asset to which
muny oI LIe ruruI poor
Iuve uccess, TIIesmeyer
suId.
AguInsL LIIs LIorny
buckdrop, LIe Myunmur
CenLre Ior ResponsIbIe
BusIness, Iunded by Eu-
ropeun donors, uIms Lo
IeIp IoreIgn compunIes
with their market entry
by ruIsIng Issues wILI
LIe governmenL LIuL In-
LernuLIonuI InvesLors ure
uncomfortable to broach
LIemseIves.
TIe orgunIsuLIon uIso
seeks Lo LruIn IocuI com-
punIes In busIness und
Iumun rIgILs. Bowmun`s
group Is deveIopIng us-
sessmenLs over LIe nexL
Lwo yeurs on LIe Lour-
Ism, oII und gus, ugrIcuI-
ture, and information and
communIcuLIons LecInoI-
ogIes IndusLrIes.
A handful of Western
compunIes Ius Luken LIe
Ieup, promIsIng u sIew oI
benehLs IIke jobs, ugrIcuI-
LuruI deveIopmenL und
IeuILI und IygIene pro-
grummes Ior cIIIdren.
AcLIvILy In LIe energy
secLor Ius rumped up on
Contd. P 8...(Road To Myanmar)
S
o
e

Z
e
y
a

T
u
n
/
R
e
u
t
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s
. _.:.q .. ._. . . . .:.~:.
~.|.e...._.. ~.q .~:
~:q~e ~ . ~. . _ e.
..: _.,.:.._ .e...
..| ..:.. :_~:.~: .. ~. .q
~ . .. . .~ .~:~ ~ .q:~ q
. q._ _., .:. ~~ ~ .
_.:.q..._.....:.. : ~.q..|
._ ..: .~ . _e. ._ .Coca-
Cola, Unilever, Samsung .
Fujitsu ~ ~ . ~_._ _._ .
q: ~ . ~ _~..:.. :._. _., .:
...~~. .q:~q.:.._
~ .~_.._._e.._...
.q., .._.:~ .e q ..:_.,.:
. -...~ ~ ~ ~.:.~.:
.~: ..:. . :q .,._ ~~~
~_._ _._ . q:. . , ..:.
~.,_e ~.,.~~.:..,
_~._~:.._. .q._.
_.,.:~..q._ q..._...
. .:~.~~,.~. ..
mmbiztoday.com
LOCAL BIZ
8
From page ;...(Road To Myanmar)
LIe sLrengLI oI vusL oII
und gus resources. TIe
governmenL recenLIy un-
nounced international
wInners Ior u round oI on-
sIore oII und gus bIocks
oered Ior exLrucLIon.
TIe uwurdIng oI bIds,
Iowever, Is conLIngenL
upon LIe compunIes cur-
ryIng ouL envIronmenLuI
und socIuI ImpucL ussess-
menLs wILIIn sIx monLIs
oI sIgnIng conLrucLs.
While the nascent
democruLIc sLuLe Ius ex-
perIenced probIems wILI
CIInu In LIe oII und gus
urenu, opposILIon Ieuder
Aung Sun Suu KyI LoId re-
porLers In zo1z sIe wouId
noL persuude WesLern
oII producers CIevron or
ToLuI Lo Ieuve Myunmur.
She described the latter
us sensILIve Lo Iumun
rIgILs und envIronmenLuI
Issues.
The tourism industry
has also seen Western
cIuIns IIke LIe US-bused
BesL WesLern nLernu-
LIonuI und Accor oI runce
open new IoLeIs us LIe
number oI IoreIgn vIsILors
conLInues Lo rIse.
Italian and German
conIecLIonury munuIuc-
Lurers errero und HurIbo
last year announced their
urrIvuI In Myunmur. Pep-
sICo Loo sIgnuIIed In zo1
LIuL IL wouId expund ILs
exIsLIng busIness In LIe
counLry.
ood und beveruge gI-
unL NesLI Ius secured
permIssIon Lo Iorm u IocuI
busIness unIL In Myun-
mur. However, spokes-
womun MyuL TIu Aye
suId LIe compuny Is uL u
very eurIy sLuge oI seLLIng
up IocuIIy und IL wouId
be premuLure Lo com-
menL.
UnIIever, unoLIer bIg
pIuyer, IusL Muy un-
nounced ILs re-enLry Lo
LIe counLry, IncIudIng u
new munuIucLurIng IucII-
ity and new headquarters
In Yungon.
By Iur, IL Is Cocu-CoIu`s
resurgence In Myunmur
LIuL Ius sLood ouL. n
zo1, LIe beveruge-muker
opened u boLLIIng pIunL
und unnounced un In-
vesLmenL oI $zoo mIIIIon
over LIe nexL Iour Lo hve
yeurs, uccordIng Lo ReIun
KIun, generuI munuger oI
Cocu-CoIu Myunmur.
BegInnIng In zooq, LIe
process InvoIved u broud
revIew oI LIe poIILIcuI und
economIc Iundscupe, In-
cIudIng murkeL poLenLIuI
und key rIsk, KIun suId.
TIe US-bused compuny
dIscovered gender- und
uge-bused bIuses uL ILs
busIness purLner`s Lwo
boLLIIng pIunLs, wIIcI IL
LIen sougIL Lo recLIIy.
Cocu-CoIu expecLs Lo
generuLe zz,ooo jobs
ucross LIe enLIre vuIue
cIuIn, IncIudIng z,oo
dIrecL jobs, Ie udded. TIe
compuny`s ugsIIp com-
munILy InILIuLIve, Swun
YI, promoLIng hnuncIuI
IILerucy, enLrepreneur-
sIIp und busIness mun-
ugemenL Ior women, Ius
empowered more LIun
1,ooo women In LIe
counLry sInce zo1z, Ie
suId.
BuL despILe severuI In-
LernuLIonuI pIuyers LryIng
Lo Iorge u spuce In un ex-
cILIng new murkeL, Ior LIe
mosL purL, bIg compunIes
ure Iew und Iur beLween,
noLed Bowmun. L`s u
myLI Lo suy peopIe ure
rusIIng In Iere.
We ussume LIIs Is uII
goIng Lo seLLIe down, sIe
suId, buL us oI now, Inves-
Lors ure puL o by IeguI Is-
sues. IPS
From page ;...(Road To Myanmar)
D
w
i
S
a
d
m
o
k
o
/
R
e
u
t
e
r
s
Indonesian Miner to Start Myanmar
Tin Exploration in June
I
ndonesian Tin miner
PT TImuI Is seL Lo
begIn LIn ore expIoru-
LIon In Myunmur In June,
murkIng LIe sLurL oI LIe
compuny`s expunsIon In
LIe SouLIeusL AsIun coun-
Lry.
TImuI presIdenL SukrIs-
no suId LIe compuny wus
cIose Lo obLuInIng ILs mIn-
Ing sILe recommenduLIon.
We Iuve uIreudy ob-
LuIned IoresLry- und ug-
rIcuILure-reIuLed recom-
menduLIons. HopeIuIIy
we wIII secure LIe sILe rec-
ommendation this month,
so LIuL we cun begIn LIe
expIoruLIon In June, Ie
wus quoLed us suyIng In
ndonesIun medIu.
JukurLu-IIsLed TImuI, In
wIIcI LIe sLuLe Ius u mu-
jorILy IoIdIng, Ius secured
u 1o,ooo-IecLure LIn con-
cession area in Tanitharyi
regIon In Myunmur. TIe
ureu Is esLImuLed Lo Iuve
uround 1o,ooo Lonnes oI
LIn reserves.
TIe expIoruLIon process
wus expecLed Lo Luke sIx
months and Timah was
scheduled to enter the
producLIon sLuge In eurIy
Htet Aung
zo1.
TImuI Iud uIso submIL-
Led uddILIonuI mInIng up-
pIIcuLIons In oLIer ureus
oI Myunmur und Iopes
Lo obLuIn LIe permILs LIIs
yeur.
TImuI wIII begIn con-
sLrucLIng u smeILer In
Myunmur In zo1q us weII,
which will be used to
process ILs own und IocuI
mines tin ores, with an
InvesLmenL oI $1z.z mII-
IIon. TImuI wIII use ILs In-
LernuI Iunds Lo hnunce LIe
consLrucLIon, LIe compu-
ny suId.
Myanmar Summary
Fruit, Vegetable Exports Garner $34m
U
A
u
n
g
/
X
in
h
u
a
M
yanmar earned
$q.q8 mIIIIon
Irom exporLs oI
IruILs und vegeLubIes In
LIe hrsL nIne monLIs oI
LIe hscuI yeur zo1-1q,
uccordIng Lo om cIuI sLu-
Su Su LIsLIcs.
n LIe prevIous hscuI
year, the country saw
$;.8 mIIIIon worLI oI
exporLs Lo IoreIgn mur-
keLs.
Myunmur Ius been ex-
porLIng IruILs und veg-
eLubIes Lo neIgIbourIng
counLrIes LIrougI border
Lrude.
SLurLIng Muy IusL yeur,
IL begun exporLIng IruILs
und vegeLubIes Lo SIngu-
pore by sIIp.
Myunmur wIII uIso ex-
porL IruIL und vegeLubIes
Lo Jupun In LIe neur Iu-
Lure Lo expund ILs murkeL
In AsIu, uccordIng Lo LIe
MInIsLry oI Commerce.
Myunmur muInIy ex-
porLs Lo neIgIbourIng
counLrIes mungo, wuLer-
meIon und cucumber.
Myanmar Summary
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Centre for Responsible
Business . .|,~~:_e..
Vicky Bowman ~ ._.:
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.:.~.,_e .,:~ . _..,:
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~~.~_..:..,.~,.~
~,.,.~.~ ~~~ ~ ~
. ~ .:.... _. . ~~ .~ _..:.
. . ,._. .:..,._ e . q .
._.
_., .:. ~.,_e Extractive
I ndustries Transparency
Initiative (EITI) ~ . ~
.~ .|~ .:_. ._e .~ ~ .
. ...~~_.:.~ e_e.
~.~~.. : ~.:..~_.q.
.:_e ..:q~.:.._.
_e. ._ .
_.,.:.._ ~~,~~,
_:.q...- .. .~:
~~. ....~..:.. e.
..e.q~.:.~... ~..q
~, ..'.: ,,. . . e ~
qq . ._~:. ~q:.~ .:q .~ .
~.~ ~.~ .:.~q . q._ .
. , . ._ _:.q.. . ~
_._....~~.:.. ~...
~..q ~, ..'.: ,., . . e
~ qq . ._~: .._ . . q._ .
_.,.:.. ....~..:.
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..:.. ~.._..,._~:.
. q._ .. , . ._ . . ....
.~_ ....~..:.. e.
..e.q~.:.~ .~:..
..:_e .~~..._~:.
.q._.
~ . , .q :.-.~ ~ .. . , .
_e.._ PT Timah ._
_., .:. ~ . .~ , .q :.e
..:.~ ~,.~ .~_.q,
. . :._. . _., .:. _ . . , .
..:q~..:.~ ~.._...
.:.eeq.,._~:. .q._.
Timah - ~_ Sukrisno
~ ~.~~.,_e .~~.
~ ..e: q, .,q:~:. .:~.
.~qqq, ,....._~:. .q
._...~~.,_e ...~:
.q.q:. . ~ . ..q.q:. .~
.~._ .:~..~.:.~
qq:._.._e.._~:.. e..
~~. ..,...:q~._
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._. ,.~ ._.:_~:..._.
Timah ._ _., .:. ~,. :q
._eq :.e..:.~:. _...q,
~~ ~ ._.~~e ~~, .e~ ~:
~~~~~ ~ ~.._..:.._
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. q._.
mmbiztoday.com
LOCAL BIZ
9
Contd. P o...(The Colden Hour)
NAL AND DOMESTIC FLIGHT SCHEDULE Fligghhtss ffroom Yanggon (RGNN) to Baangkok (BKK) Fliggh htss ffroom Banggkok (BKKK) to Yaangon (RGN) FFliggh hts fromm Yangoon (RGN)) to Chiaang Maii (CNX) FFligh hts froomm Chiang Mai (CCNX) to YYangon (RGN) Fligghtss ffroom Yangon (RGNN) to Sinngapore (SIN) Flliggh htss ffroom Singaapore (SIN) to YYangon ((RGN) FFliightts frrom Yangonn (RGN) tto Kualaa Lumpuur (KUL) Flightts frromm Kuala LLumpur (KUL)to o Yangonn (RGN) Fligghtss frrom Yanngon (RGGN) to HHanoi (HHAN) Fligghts from Hannoi (HANN) to Yanngon (RRGN) Fliggh htss ffroomm Yangon (RGN) to Ho CChi Minhh (SGN) Fliggh htss ffroomm Ho Chii Minh (SSGN) to Yangonn (RGN) Flligghtss ffrom Yanngon (RGGN) to TTaipei (TTPE) Fligghtss ffrom Taipei (TPEE) to Yanngon (RGN) Flliggh htss ffroom Yanggon (RGNN) to Kuunming(KMG) Flliggh htss ffroom Kunmming(KMMG) to Yangon ((RGN) Flligghtss ffrom Yanngon (RGGN) to BBeijing (BJS) Fligghtss ffrom Beijjing (BJSS) to Yanngon (RRGN) Fligghhtss ffroom Yanggon (RGNN) to Naanning ((NNG) Fliggh htss ffroom Nannning (NNNG) to YYangon ((RGN) FFliggh hts fromm Yangoon (RGN)) to Honng Kongg (HKG) HHong g KKo on ng (HKG) Flights from Y Yangon ((RGN) Flligghtss ffroomm Yangon (RGN) to Guanng Zhouu (CAN) Fliggh htss ffroomm Guang Zhou (CCAN) to Yangonn (RGN) FFlighhts froom Yanggon (RGNN) to Koolkata (CCU) FFligh hts from Kolkkata (CCUU) to Yaangon (RRGN) FFliggh htss ffrom Yanngon (RGGN) to GGaya (GAY) Fliggh htss ffrom Gaya (GAY) to Yanngon (RGGN) Fligghtss frrom Yanngon (RGGN) to TTokyo (NNRT) FFliightts frrom Tokyo (NRTT) to Yaangon (RRGN) FFliggh htss ffrom Yanngon (RGGN) to SSeoul (ICCN) FFligh htss from Seooul (ICN) to Yanngon (RGGN) Flligghtss ffrom Yanngon (RGGN) to DDoha (DOH) Fligghts from Dohha (DOH) to Ya angon (RRGN) Fliggh htss ffroomm Yangon (RGN) to Nay Pyi Taww (NYT) Fliggh htss ffroomm Nay Pyyi Taw (NNYT) to Yangonn (RGN) FFliightts frrom Yangoon (RGN N) to Mandalay (MDY) Flightts frrom Mandalay (MDDY) to YYangon (RGN)
The Golden Hour for The Golden Land:
Myanmars Need for US Public-Private Partnerships
Wenchi Yu &
Anne MacDonald
R
ecenLIy In Yungon,
over u Iundred
youLI represenL-
Ing every regIon und eLI-
nIc mInorILy In Myunmur
purLIcIpuLed In LIeIr hrsL
TecI Cump, u US-gov-
ernmenL sponsored con-
Ierence on usIng LecI-
noIogy Lo LuckIe crILIcuI
cIuIIenges. Among LIe
attendees were Chit Ko
Ko WIn und ELIun KurL,
Lwo Myunmur young men
wIo Iuve sLurLed u socIuI
enLerprIse LIuL uses u $
dollar, fully functional
compuLer Lo brIng educu-
tional resources to remote
communILIes. CIIL Ko Ko
und ELIun see un oppor-
LunILy Lo Improve educu-
LIon LIrougI uordubIe
LecInoIogIes - u smurL
InvesLmenL Lo upgrude
the skills of the countrys
Iubour Iorce und promoLe
IncIusIve growLI. ow-
cosL communILy InvesL-
ments like these can fuel
economIc growLI und
renew Iong-negIecLed
cIvII socIeLy InsLILuLIons
In Myunmur, wIIcI wus
IurgeIy cIosed Ior LIe IusL
o yeurs.
RecenL cIunges IIke
LIese In Myunmur brIng
excILemenL Lo muny wIo
Iuve Iong wuILed Ior LIe
counLry`s openIng und ure
seekIng Lo supporL LIIs
new generuLIon oI socIuI
enLrepreneurs und cIvII
socIeLy Ieuders. Now, us
Myunmur begIns Lo sIow
sIgns oI progress, LIe In-
ternational community
- und especIuIIy LIe busI-
ness sector must seize
LIIs goIden Iour oI op-
porLunILy Lo ensure LIuL
Myunmur`s guIns ure uc-
compunIed by LIe IncIu-
sIve growLI. ReseurcI
demonstrates that more
buIunced und IncIusIve
economIc deveIopmenL Is
one oI LIe mosL ImporLunL
IucLors In creuLIng noL jusL
greuLer prosperILy, buL
uIso u vIbrunL democrucy.
or decudes, LIe In-
ternational community
IevIed suncLIons uguInsL
Myunmur`s governmenL
In Iopes oI pressurIng IL
Lo udopL InLernuI reIorms.
WIIIe LIe sLruLegy con-
LrIbuLed Lo LIe openIng
Myunmur Is experIencIng,
there is no question that
decades of isolation also
IeIL peopIe mIred In pov-
erLy.
Myunmur presenLs u
unIque opporLunILy Ior
muny wIo ure euger Lo
see LIe counLry grow eco-
nomically, sustainably,
und IncIusIveIy. AbouL ;o
percenL oI LIe counLry`s
popuIuLIon IIves In ruruI
ureus und LIe GDP per
cupILu (purcIusIng power
purILy) Is onIy uround
$1,qoo. Donors recog-
nIse LIe opporLunILy Lo
IeIp rebuIId LIe counLry
und ure mukIng eorLs Lo
coordInuLe ussIsLunce eI-
IorLs. BuL busInesses cun
brIng murkeL-drIven de-
veIopmenL soIuLIons LIuL,
II done rIgIL, ure more
IIkeIy Lo Ieud Lo Iong-Lerm
und susLuInubIe deveIop-
menL.
Myunmur`s Ieuders
Iuve LruveIIed uround
LIe gIobe Lo InvILe InvesL-
menLs, boLI hnuncIuI und
beyond, into a country of
rIcI und Iong underuLI-
IIsed nuLuruI resources.
DespILe Burmu`s poor In-
frastructure, weak rule of
Iuw und governunce, LIe
international business
communILy Is sIowIng
enLIusIusm und Is hnd-
Ing greuL opporLunILIes Lo
enter the frontier market
wIere upproxImuLeIy 6o
mIIIIon peopIe ure reudy
Lo consume und conLrIb-
uLe Lo LIe gIobuI economy.
oreIgn dIrecL InvesL-
menL In Myunmur rose
Irom $1.q bIIIIon In hscuI
yeur zo11-1z Lo $z.; bII-
IIon In zo1z-1 und CIInu
accounted for more than
qo percenL oI IoreIgn In-
vesLmenL. AmerIcun busI-
nesses are absent from
LIe IIsL oI even LIe Lop Len
InvesLors. TIIs Is unIor-
tunate because American
compunIes Lend Lo under-
sLund LIe vuIue oI ucLIng
us responsIbIe sLukeIoId-
ers. As demonsLruLed by
LIe Cocu-CoIu Compuny`s
$ mIIIIon InvesLmenL In
z,ooo women enLrepre-
neurs, ProcLor & GumbIe`s
donation of hundreds of
millions of litres of clean
drInkIng wuLer, und Ab-
boL`s $1 mIIIIon conLrIbu-
LIon Lo supporL grussrooLs
orgunIsuLIons Lo udvunce
health, education, and
women`s economIc em-
powermenL In Myunmur,
AmerIcun compunIes
understand that social
InvesLmenL creuLes good-
wIII, IeIps undersLund
consumer needs, und cre-
uLes sIured vuIue - Ieud-
Ing Lo Iong-Lerm busIness
reLurns. SocIuI und eco-
nomIc InvesLmenLs mude
LIrougI purLnersIIps
wILI NGOs, cun be smurL
busIness sLruLegy. SucI
InvesLmenLs cun brIng
crILIcuI resources Lo en-
Iunce Iumun cupILuI und
udvunce Myunmur`s over-
uII deveIopmenL. n ud-
dILIon Lo mukIng prohLs,
doIng good In LIe com-
munILy Is uIso purL oI do-
Ing good busIness. As Dr
Greg AIIgood oI P&G suId,
TIIs socIuI InvesLmenL
In u IeuILIIer, more pros-
perous Myunmur Is purL
oI our gIobuI eorL Lo suve
one IIIe every Iour. L Is
u wIn-wIn sLruLegy Ior uII.
Contd. P o...(The Colden Hour)
US President Barack Ubama (R) waves with Aung San Suu Kyi at her residence in Yangon. NobeI Peace
Iaureate Suu Kyi created the Suu Foundation, a US-based humanitarian organisation to bring sociaI in-
vestments to the peopIe of Myanmar.

J
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Myanmar Summary
mmbiztoday.com
LOCAL BIZ
10
From page j...(The Colden Hour)
RecognIsIng LIe need
for this kind of economic
growLI und socIuI de-
veIopmenL, NobeI Peuce
uureuLe und Myunmur`s
democruLIc Ieuder Aung
San Suu Kyi created the
Suu ounduLIon, u US-
bused IumunILurIun or-
gunIsuLIon Lo brIng socIuI
InvesLmenLs Lo LIe peopIe
oI Myunmur. WILI Iormer
Secretary of State Hillary
CIInLon und Iormer IrsL
udy uuru BusI us Ion-
orury co-cIuIrs, LIe Suu
ounduLIon cIunneIs
AmerIcun socIuI InvesL-
menL Lo deveIop Myun-
mur`s Iumun cupILuI und
sLrucLuruI cupucILy.
DurIng our recenL LrIp Lo
Myunmur, we vIsILed LIe
Suu ounduLIon`s MobIIe
Ibrury ProjecL In KuwI-
mu TownsIIp, un under-
served communILy wILI
ethnic minorities about
u LIree-Iour drIve souLI
oI Yungon. Two donuLed
buses ouLhLLed us mo-
bile libraries and smaller
Lrucks cupubIe oI reucIIng
more inaccessible areas
deIIver books Lo prImury
scIooI sLudenLs. or cIII-
dren In KuwImu IuckIng
busIc resources, LIe mo-
bIIe IIbrurIes ure LIeIr wIn-
dows Lo LIe worId. Muny
of them come barefoot,
buL LIey wunL Lo reud. n
LIe IusL hve monLIs, over
8,ooo communILy mem-
bers Iuve receIved IIbrury
membersIIp curds. Now
LIe projecL Is deveIopIng
u hnuncIuI IILerucy pro-
grum, LeucIIng sLudenLs
comIng Lo LIe mobIIe II-
brurIes Iow Lo suve. TIese
bunkIng und IILerucy pro-
grums, uIong wILI LIe
Yungon UnIversILy und
Yungon GeneruI HospI-
LuI progrums presenL op-
porLunILIes Ior AmerIcun
hnuncIuI InsLILuLIons und
health industry leaders to
conLrIbuLe usIng LIeIr core
busIness compeLencIes.
TIe deveIopmenL oI My-
unmur`s economy und cIvII
socIeLy, coupIed wILI con-
LInued progress In poIILI-
cal reforms, will not only
result in increased shared
prosperILy, buL wIII uIso
ensure that more of its
young men und women
cun conLInue LurnIng LIeIr
Iopes Ior LIeIr counLry
InLo reuIILy. n u counLry
IIke Myunmur, IuII oI cIuI-
Ienges und opporLunILIes,
prIvuLe socIuI InvesLmenLs
provIde LIe opporLunI-
ties for both international
businesses and the many
bIossomIng members oI
ILs nexL generuLIon. Forbes
Wenchi Yu and Anne
MacDonald are members
of the Managing Commit-
tee of the Suu Foundation.
Ms Yu is the managing
partner of the Banyan Ad-
visory Group LLC and a
former State Department
og cicl. Ms MccDoncld is
pursuing graduate stud-
ies at Harvard Univer-
sity and is a former White
House og cicl.
From page j...(The Colden Hour)
Buyer Opens New Om ce in Myunmur
Kyaw Min
G
ermun pIurmu-
ceuLIcuI compuny
Bayer HealthCare
Ius opened u new om ce In
Yungon LIrougI ILs sub-
sidiary Bayer Thai, the
compuny unnounced.
Buyer uIso sIgned un
ugreemenL wILI ndIu-
bused Megu IIescIences
- u dIsLrIbuLor oI pIur-
muceuLIcuI und consum-
er goods - Lo dIsLrIb-
uLe producLs oI Buyer`s
IeuILIcure dIvIsIon In My-
unmur.
Buyer`s producLs Lo be
dIsLrIbuLed In Myunmur
IncIude conLrucepLIves,
medIcInes In LIerupeuLIc
ureus oI InIecLIous dIseus-
es, dIubeLes cure, curdIo-
vuscuIur LreuLmenLs, on-
coIogy und unImuI IeuILI.
Myunmur Is one oI LIe
IusLesL growIng econo-
mIes ASEAN. As LIe
counLry conLInues Lo pro-
gress In ILs reIorms, we
Iook Iorwurd Lo IeIp meeL
Myunmur`s IeuILIcure
gouIs, Lo Increuse uccess
Lo InnovuLIve LreuLmenL
opLIons und uccuruLe
medIcuI dIugnosLIcs In
urbun und ruruI ureus,
suId CeIInu CIew, coun-
Lry group Ieud oI Buyer
NorLI ASEAN RegIon.
Chew said Bayer aims
Lo purLner wILI IeuILI-
cure proIessIonuIs und
LIe governmenL Lo soIve
LIe LougI cIuIIenges In
IeuILIcure deveIopmenL.
AnoLIer ureu oI prIor-
ILy Ior us Is recruILIng Io-
cuI LuIenLs Lo grow our
healthcare business in
Myunmur, CIew udded.
Dr Kyuw ZIn TIunL, dI-
recLor generuI oI MedIcuI
ReseurcI (ower Myun-
mur), MInIsLry oI HeuILI,
suId: Myunmur wunLs Lo
Improve LIe pubIIc IeuILI
and quality of life of its
peopIe us we Iuce LIe
duunLIng cIuIIenge oI LIe
Increuse In non-commu-
nicable diseases such as
dIubeLes, IyperLensIon,
curdIovuscuIur dIsorders
und cuncer.
Buyer Is u renowned
InnovuLor oI medIcInes
Ior IIgI unmeL medIcuI
needs and we welcome
LIe compuny Lo our coun-
Lry.
Myunmur wIII be u purL
oI Buyer`s NorLI ASEAN
regIon, wIere LIe compu-
ny Ius been operuLIng Ior
over o yeurs.
TIe Buyer Group op-
eruLes In LIe heIds oI
IeuILI cure, ugrIcuILure
und IIgI-LecI muLerIuIs.
Buyer HeuILICure, u sub-
group oI Buyer AG wILI
unnuuI suIes oI C18.6 bII-
IIon (zo1z), Is one oI LIe
worId`s IeudIng compu-
nies in healthcare and
medIcuI producLs.
Bayer HealthCare has
u gIobuI workIorce oI
q,qoo empIoyees us oI
zo1z, und Is represenLed
In more LIun 1oo coun-
LrIes.
Bayer HeaIthCare representatives cut the ribbon to Iaunch its new
ofce in Yangon.
B
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Myanmar Summary
:., . -...~|.~ . ~ ~. .
_e...: Bayer HealthCare
._ q, ~ , ~ , .-. . , ..
_e. ..: Bayer Thai . ~.
, ... ~. . ~ e .. . _. _e.
._~: . ~ . ~ . ~ _., ._~_:
.._. Bayer ._ _.,.:.
~ ~,..:.q...:.q:~.
~ ~ , .:. ~:. _ e, _e .q,
~~ ~ ~ . e~._.. ~ ...~|.
. .:.. .. ~ ~ , .:. _e, _e.
. _e. ._ MegaLifesciences
.._. ..:~.~.~~
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~..~ .q:|.:.~~ ~ ...~|.
.:. . .. .q:|~ ...: .q :~
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.:.. ~ q. :, ~, ..:.q...:
.q :~ . ~ .|~ ._~: .._. . q
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~. . ~ . .:. ~. . q~ .
....|._~, ..:.q...: .q :~ .
~_e _e .~ .~~ .:q, ~~ ~
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mmbiztoday.com
LOCAL BIZ
11
Myanmar Summary
Myanmar: A Critical Moment for
the Countrys Future
Jim Yong Kim
M
yunmur Is emergIng
decIsIveIy Irom con-
IcL, IrugIIILy, und
IsoIuLIon Lowurd u prosperous
und peuceIuI IuLure. L Is In
LIe mIdsL oI u LrIpIe LrunsILIon:
Irom u mIIILury governmenL
Lo democrucy, Irom conIcL In
border ureus Lo peuce, und Irom
u sLuLe-cenLred Lo u murkeL-orI-
enLed economy.
jusL spenL Lwo duys In LIe
counLry, durIng wIIcI LIe
WorId Bunk Group unnounced
u $z bIIIIon muILI-yeur pubIIc
und prIvuLe secLor InvesLmenL
progrum. TIIs IundIng wIII IeIp
us rump up work In LIree ureus
LIuL ure cIoseIy uIIgned wILI
Myunmur`s prIorILIes: energy,
IeuILI, und ugrIcuILure.
SevenLy percenL oI Myunmur`s
peopIe Iuck uccess Lo eIecLrIcILy.
n vIIIuges, peopIe sLIII pump
water by hand, children read
by cundIe IIgIL, und meuIs ure
cooked over Indoor wood hres.
WIIIe progress Ius urrIved
quickly in urban areas, it has
been mucI sIower In comIng Lo
ruruI Myunmur, wIere poverLy
Is concenLruLed und jobs ure
scurce.
We sIure LIe governmenL`s
commILmenL Lo expundIng reII-
ubIe, uordubIe uccess Lo eIec-
LrIcILy, especIuIIy Lo ruruI ureus.
TIuL`s wIy, over LIe nexL hve
yeurs, we`re seekIng Lo InvesL
$1 bIIIIon In Myunmur`s power
secLor - IncIudIng generuLIon,
LrunsmIssIon und dIsLrIbuLIon.
Moreover, our InvesLmenLs
wIII be desIgned Lo uLLrucL ud-
dILIonuI prIvuLe secLor IundIng.
WILI LIIs IundIng, wILI supporL
Irom donors und LIe prIvuLe sec-
tor, and with swift action by the
governmenL Lo enucL poIIcy re-
Iorms, Myunmur couId Increuse
uccess Lo eIecLrIcILy Lo o per-
cenL oI LIe popuIuLIon In zozo.
This will lay the foundation for
LIe governmenL Lo ucIIeve ILs
gouI oI unIversuI eIecLrIcILy uc-
cess by zoo.
nvesLIng In Myunmur`s eIec-
LrIcILy poLenLIuI wIII noL onIy
Improve LIe IIves oI ILs cILIzens,
but it will also create a better
busIness envIronmenL und LIuL
In Lurn wIII creuLe jobs. TIIs wIII
IeIp LIe counLry prosper und
reduce poverLy.
The country also needs to
InvesL In ILs peopIe. HeuILIy
children learn better at school,
IeuILIy uduILs ure more pro-
ducLIve, und IumIIIes proLecLed
uguInsL cuLusLropIIc medIcuI
bIIIs cun uvoId IuIIIng InLo pov-
erLy.
MosL ImporLunLIy, InvesLIng In
peopIe`s IeuILI cun brIng sLrong
economIc reLurns noL jusL Ior
IumIIIes, buL Ior counLrIes. A
recenLIy pubIIsIed sLudy In LIe
unceL IeuILI journuI Iound
LIuL neurIy z percenL oI eco-
nomIc growLI In some counLrIes
was attributable to better health
ouLcomes. One doIIur InvesLed
in health could return anywhere
Irom $q Lo $zo. TIere Is no ur-
gumenL unymore: nvesLIng In
IeuILI cun IeIp sIgnIhcunLIy
grow economIes.
or Myunmur, LIIs Is pur-
LIcuIurIy good news becuuse oI
LIe counLry`s umbILIous LurgeL
oI ucIIevIng unIversuI IeuILI
coveruge by zoo. We sLrongIy
endorse LIIs LurgeL, us do muny
deveIopmenL purLners. Donors
Iuve commILLed Lo u combIned
$8oo mIIIIon Ior LIe nexL LIree
Lo Iour yeurs. or our purL, LIe
WorId Bunk Group pIuns Lo In-
vesL $zoo mIIIIon Lo supporL LIe
governmenL`s eorL Lo ucIIeve
unIversuI IeuILI coveruge.
AnoLIer key ureu oI InvesL-
menL Is reIuLed Lo LIe hrsL Lwo
- ugrIcuILure. I Myunmur Is go-
Ing Lo ucIIeve ILs gouIs Lo reduce
poverLy und Lo boosL prosperILy,
IL wIII Iuve Lo Iocus on Improv-
Ing ugrIcuILuruI ouLcomes. AgrI-
cuILure uccounLs Ior q percenL
oI GDP, generuLes ubouL q per-
cenL oI empIoymenL, und pro-
vIdes IIveIIIoods Lo more LIun
;o percenL oI LIe popuIuLIon.
DespILe nuLuruI udvunLuges oI
ubundunL Iund und wuLer pro-
ducLIvILy Is Iow, und LIuL Is u
probIem LIe governmenL, wILI
IeIp Irom ILs purLners, cun hx.
L Is u LIme oI greuL Iope und
expecLuLIon Ior LIe counLry.
Myunmur cun reguIn ILs pIuce
as one of Asias most dynamic
counLrIes. TIe counLry`s Ieud-
ers cun provIde ILs peopIe wILI
unprecedenLed economIc op-
porLunILIes.
Myunmur cIeurIy Ius mujor
cIuIIenges uIeud, noLubIy need-
Ing Lo drumuLIcuIIy Increuse
access to electricity and health
und sIgnIhcunLIy Improve ug-
rIcuILure producLIon. BuL My-
unmur Ius LIe poLenLIuI Ior u
IuLure brIgILer LIun Iew dured
dreum jusL u IundIuI oI yeurs
ugo. Now IL`s up Lo LIe counLry`s
leaders to take bold action, and
Ior ILs purLners Lo supporL LIem
every sLep oI LIe wuy. The WorldPost
Jim Yong Kim is the President
of World Bank Group.
WorId Bank President ]im Yong Kim speaks to the media during a press conference of WorId Bank Croup in Nay Pyi Taw.
U
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mmbiztoday.com
LOCAL BIZ
12
Myanmar Summary
Asia Optical Plans Further Investments in Myanmar
Expects to see 30-percent global growth in 2014
Su Su
T
uIwun-bused eIecLro-op-
LIcuI producLs hrm AsIu
OpLIcuI Co nc pIuns Lo
muke IurLIer InvesLmenLs In
Myunmur, up Lo $zo Lo $z
mIIIIon (NT$6oo Lo NT$;oo
mIIIIon) LIIs yeur, LIe compuny
suId.
AsIu OpLIcuI, LIe worId`s
IurgesL munuIucLurer oI opLI-
cuI Ienses, currenLIy empIoys
6,ooo peopIe In Myunmur, und
the number is set to increase to
1o,ooo LIIs yeur, LurnIng Myun-
mur InLo LIe compuny`s second-
IurgesL munuIucLurer und con-
LrIbuLIng $16q.q mIIIIon (NT$
bIIIIon) In ouLpuL vuIue, wIIcI
is one fourth of the total, Asia
OpLIcuI CIuIrmun RoberL uI
LoId LIe hrm`s unnuuI bunqueL.
ucIIILIes In Myunmur ure ex-
pecLed Lo conLrIbuLe IuII oI ouL-
puL vuIue by zo16.
Thanks to increased
orders Irom Koduk, AsIu OpLI-
cuI Is poIsed Lo see o-percenL
growLI In consoIIduLed rev-
enue, LukIng In $;qz mIIIIon
(NT$zz. bIIIIon) LIIs yeur.
Koduk`s cumeru-reIuLed or-
ders In zo1q umounLed Lo z.
mIIIIon unILs, und ure esLImuL-
ed to contribute $247 million
(NT$;. bIIIIon) worLI oI rev-
enues, uI suId.
SIIpmenLs oI smurLpIone
Ienses ure expecLed Lo begIn In
MurcI, und LIe compuny esLI-
muLes u sIIpmenL oI oo,ooo
unILs In LoLuI LIIs yeur.
AsIu OpLIcuI wus esLubIIsIed
In 1q81, IocusIng on opLIcuI
producLs desIgn und produc-
LIon. TIe compuny provIdes
opLIcuI Ienses, uImIng devIces,
ImugIng InLercepLIng LeIescope
purLs, Iuser runge hnder purLs
und mIcroscope componenLs.
Ls producLs ure uppIIed In LIe
munuIucLure oI dIgILuI cumerus,
mobIIe pIone cumerus, projec-
Lors, dIgILuI vIdeo dIsk (DVD)
opLIcuI reuder Ieuds, prInLers
und scunners, umong oLIers.
TIe compuny dIsLrIbuLes ILs
producLs prImurIIy In TuIwun
und Jupun.
AsIu OpLIcuI`s producLs ure
uIso used In veIIcIes, wILI Ienses
uLIIIsed In BMW und Mercedes
Benz reIyIng on LIe compuny`s
suppIy. AsIu OpLIcuI`s sIIpmenL
LoLuIs 1o,ooo unILs per monLI.
TIe compuny`s pIunL In MIn-
guIudon ndusLrIuI Purk, Yun-
gon wus opened In MurcI zoo.
TIe componenLs produced In
LIe Myunmur IucLory ure used
muInIy Lo suppIy AsIu OpLIcuI`s
oLIer pIunLs.
TIe compuny uIso owns Lwo
factories in mainland China,
wIIcI empIoy ubouL 1o,ooo
peopIe.
~.~._..~ electro-optical
~~,.:.~ ~..._ ..,.
_e.._ Asia Optical Co Inc
._ _.,.:.~ .,:~.q...
_.....:. _...q,~~~ ...,_..
~..q~,..'.: ~ ..e. ,
..e~ ~._._ e...~~.
q..._....:eeq._~:. ~.~.
._.:_~:..._.
~.:~_~... optical lenses ~
..._e.._ Asia Optical ._
e..~q~ _.,.:._ ~..
..:...|. '~~~ ~ ~...,~.
:._.. e...~~. ~....:.
..q ~~~~~ ~ ~._..,~..:.
q, .::.._.
~~' . . . ~~ . _., .:. ~~ ..
..,...:q~..:.._ ~..
....:~~ ~~~.,q.:q,
..:.:.._~:.._. .q._.
Kodak . . :e..:. ~.~~.:_..
._~: Asia Optical ~.,_e e.
..~ ~.~:. ,~ q:..,.~
~.~~.:q, ..:.,.:._.. ~..q
~,..'.: , ..e~ qq.:
eeq.,._.~~, ...~ Kodak
-~.q:. .~...._..:. . :e.
._ e,...|. . . . e~q._
_e._.. e.. :e.._~: ~..q~,
..'.: , ..e~ qq.:.q,
..:.,.:.._~:. .q._.
..~ e ,. lenses .:.~:. ~ . . ~
.~ .~ .~ _.. . . :.q, ..: . , .
:._.. ~ . ~ ~.,_e e. . . ~~ .
e,...|. ~~~~~ ~ ~..:.
. q, ..: . , .:.._ .
SCI Looks at Myanmar Calls
Daisuke Lon
I
ndIu`s sLuLe-owned SIIppIng
CorporuLIon oI ndIu (SC)
Is IookIng Lo sLurL u conLuIn-
er rouLe Lo Myunmur wILIIn u
monLI II New DeIII Is wIIIIng Lo
Iork ouL uround $m (NRoo
mIIIIon) u yeur Lo IeIp run LIIs
Ioss-mukIng rouLe.
Currently, there are no liner
servIces beLween ndIu und My-
unmur, wIIcI Iorces sIIps Lo
run between the two countries
onIy wIen IuII curgo Is uvuII-
ubIe. Iner servIce Is LIme-LubIe
bused, wIIcI meuns sIIps Iuve
Lo run even II LIere Isn`L enougI
curgo.
SC, wIIcI operuLes und mun-
uges vesseIs LIuL servIces boLI
national and international lines,
is answerable to shareholders
Ior sLurLIng u Ioss-mukIng ser-
vIce, purLIcuIurIy uL u LIme wIen
LIe compuny Is uIreudy Incur-
rIng Iosses. n LIe hrsL IuII oI
LIe currenL hscuI yeur zo1-1q,
SC recorded u Ioss oI $.6
mIIIIon (NR z.z bIIIIon).
SC proposed Lo run LIe dI-
recL servIce us u purL oI ndIu`s
eorLs Lo Increuse Lrude wILI
Myunmur us LIe Iormer jos-
LIes wILI CIInu Lo exerL ILs eco-
nomIc Inuence In LIe recenLIy-
opened SouLIeusL AsIun nuLIon.
AccordIng Lo experLs` esLI-
muLes ndIu-Myunmur Lrude
Ius LIe poLenLIuI Lo reucI $8.q
bIIIIon by zo1, u hve-IoId In-
creuse Irom $1.8; bIIIIon In
zo1z.
SC uIms Lo run u sIIp wILI
cupucILy Lo curry 1,oo LwenLy
IeeL equIvuIenL unIL (TEU) con-
LuIners every IorLnIgIL, ndIun
medIu reporLed. TIe porLs oI
cuII wIII be Yungon (Myunmur),
Chennai (India) and Colombo
(SrI unku).
SucI reguIur cuIIs wIII cre-
uLe u cupucILy Lo curry 6,ooo
TEU conLuIners eucI wuy In one
yeur. ConLuIner Lrum c IundIed
by LIree porLs In Myunmur Is
ubouL o.8 mIIIIon TEU, uccord-
Ing Lo esLImuLes.
Myanmar Summary
Iong Range Weather Radar Meteor 15UU Antenna without its protecting radome.
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Japan Gives $40m to Myanmar
for Establishing Radar System
Htet Aung
T
Ie Jupunese governmenL
Ius grunLed u hnuncIuI
aid of $40 million to
IeIp Myunmur esLubIIsI LIree
weuLIer rudurs und o uuLomuL-
Ic weuLIer observuLIon sLuLIons
Lo sLrengLIen LIe eurIy wurnIng
sysLem, u mInIsLer suId.
TIe Iour-yeur projecL wIII be
ImpIemenLed beLween zo1q
und zo1;, Myunmur TrunsporL
MInIsLer U Nyun Tun Aung LoId
u IydromeL observuLIon und In-
IormuLIon sysLem modernIsu-
LIon projecL prepuruLIon work-
sIop In Nuy PyI Tuw.
U Nyun Tun Aung suId LIuL
besIdes Jupun, LIe WorId Bunk
Is uIso supporLIng Myunmur by
LukIng LIe InILIuLIve Lo equIp LIe
IydromeL cenLre wILI udvunced
equIpmenL und LecInoIogy
worLI $ mIIIIon.
TIe worksIop uIso dIscussed
proposed Ayeyuwuddy InLe-
gruLed rIver busIn munugemenL
projecL.
PrevIousIy, LIe Jupun nLer-
nuLIonuI CooperuLIon Agency
(JCA) IeIped Myunmur In-
sLuII rudur sysLems In Yungon,
MunduIuy und KyuukpIyu Lo
upgrude ILs weuLIer IorecusL
sysLem.
Myanmar Summary
_.,.:.- q:.~. .~.~
_ ~ ~ .~ .:~ . . .._ .q.| , .
. ....~.~._.~., ..:_~_
...:._ automatic weather
observation stations ..|. ,~ ~:.
~_.:.:.q,~~~ .,..
~..q~,..'.: ,~ ..e~:.
.:~ . .... ._~: . . q_. . . ...~.
. .~ .~ _ _~ ~ .~ ....,. .:.
...~:..,.:q,~~~_e.._~:.
~,_~.~... ._.:_~:..._.
e .. . ~ , .._ ~~, . . . . ~~
...~ .....~:~.~:~_
.e: ..: q ~ . :.q._ _e. ._~: . . q
._.
~.e.-....,._e...:
Shipping Corporation of India
(SCI) ._ ,e..... ~..q~,
..'.: ..e ,.. ,~~ ..e,
~:. .~~_ ~~~_.....|~
_.,.:.. ~,~...:.~ e..
~~. .~_...q, ..:.,.:.
._~:. .q._.
e. .~ q ~. , ~ ~ . e. _., .:
.~_~:. .q._~:.~,~..,..
..:._ ~,..:..:. .q...
._~:. .q._. ~.,.,._...
._ ~, ..: . .:..q _. .._~: ~ ,
..:.:.~.,_e ~,._..e
_._..: ._...._..:._ ~._.
~.,_e. .:. ._ .
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mmbiztoday.com
REGIONAL BIZ
13
Smuggling, Fraud Cost Philippines
$25.8b in 2011, Study Says
Philippines had back-to-back record high illicit infows in 2010, 2011; Treasury lost at least $19.3b from customs misdeclaration since 1990;
A fourth of Philippine imports not reported to customs
Patrick Temple-West
M
ore LIun $q1o bII-
lion in illicit money
crossed the borders
oI LIe PIIIIppInes Irom 1q6o
Lo zo11, wILI cusLoms Iruud re-
IuLed Lo ImporLed goods surgIng
In recenL yeurs, uccordIng Lo u
sLudy by u US-bused unLI-gruIL
wuLcIdog group.
GIobuI InuncIuI nLegrILy
(G) suId u record IIgI oI
$z.8 bIIIIon cume InLo LIe
SouLIeusL AsIun, urcIIpeIugo
nuLIon IIIeguIIy In zo11, LIe
most recent year for which data
wus uvuIIubIe.
TIuL wus up Irom $zz.q bII-
IIon In zo1o, murkIng buck-
Lo-buck yeurs oI record IIIIcIL
Inows. AbouL $1q.z bIIIIon oI
IIIIcIL Inows wus reporLed Ior
zooq, LIe sLudy suId.
TIese IIIIcIL Inows ure LypI-
cuIIy LIe resuIL oI under-reporL-
ed mercIundIse LIuL Is sIIpped
InLo LIe counLry, suId G econ-
omist Brian LeBlanc, one of the
reporL`s uuLIors.
TIIs Is mosLIy ImporLers Lry-
Ing Lo uvoId VAT Luxes or ImporL
LurIs, eBIunc suId. CusLoms
corrupLIon Is u Iuge Issue In LIe
PIIIIppInes, Ie suId.
Over LIe qz-yeur perIod,
ubouL $z;;.6 bIIIIon wus IIIe-
guIIy LrunsIerred InLo LIe coun-
Lry, und $1z.q bIIIIon In IIIIcIL
funds went out of the country
Irom crIme, corrupLIon, und Lux
evusIon, LIe reporL suId.
TIe PIIIIppIne Treusury Ius
IosL uL IeusL $1q. bIIIIon In Lux
revenue sInce 1qqo due Lo cus-
Loms duLIes evusIon, G suId.
L Is our vIew LIuL Lrude-
related fraud has reached an
epIdemIc proporLIon In LIe
PIIIIppInes, Tom Curdumone,
munugIng dIrecLor oI G, LoId
reporLers In MunIIu. He udded
ubouL u IourLI oI uII goods Im-
porLed InLo LIe counLry were
noL reporLed Lo LIe cusLoms bu-
reuu.
Weuk governunce und rIsIng
IeveIs oI corrupLIon In LIe PIII-
IppInes were uIdIng IIIIcIL mon-
ey ows, Curdumone suId, udd-
Ing Ie Iopes LIe sLudy wIII spur
LIe governmenL Lo consIder
IegIsIuLIve und reguIuLory meus-
ures Lo curb LIe IIIIcIL ows.
TIe reporL, bused on Lrude
sLuLIsLIcs duLu Irom LIe nLernu-
LIonuI MoneLury und, reecLs
conservuLIve numbers on IIIIcIL
ows us IL does noL cupLure un-
documenLed cusI und servIces,
Curdumone suId. TIe sLudy wus
hnunced by LIe ord oundu-
LIon, u donor Lo G, wIIcI uIso
receIves IundIng Irom govern-
menLs und IndIvIduuIs.
G recommended LIuL PIII-
IppIne Iuwmukers Luke sLeps Lo
sLrengLIen enIorcemenL oI cus-
Loms und unLI-money Iuunder-
Ing Iuws. TrunsucLIons InvoIv-
Ing Lux-Iuven jurIsdIcLIons sucI
us Hong Kong, SIngupore und
Dubai should be scrutinised
more cIoseIy, LIe group suId.
or ILs purL, LIe PIIIIppIne
governmenL suId IL wus uddress-
Ing probIems on smuggIIng vIu
reIorms sucI us upduLIng cus-
Loms vuIue reIerence guIdes,
cuIIIng Ior more Lrunspurency
In reporLs on ImporLs, revump-
Ing LIe ImporLer uccredILuLIon
process und revIew oI LIe monI-
LorIng oI cusLoms bonded wure-
Iouses.
We ussumed om ce wILIouL
uny IIIusIon LIuL LIIs Is u smuII-
LIme probIem. We reuIIse LIuL
LIIs Is u sysLemIc und deepIy-
rooLed probIem, LIuL Is wIy we
ure prepured Lo uddress IL sLru-
LegIcuIIy und Lo udopL Iong-Lerm
soIuLIons, HermInIo CoIomu,
presIdenLIuI spokesmun, LoId
reporLers. Reuters
Myanmar Summary
Workers unload rice imported from Vietnam from a ship docked at a port in Manila.
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e .. . ,e .. ~ _e~ _ ~q:..~
~ , . e . .:. _.. . . . qq ..: ~q:.
.~.._~.._ ~..q~,..'.:
,~~ .e.~:q_.. e..._~.
..:~._ ._~:.......:.~~.
. . ~ , .:. ~:. ~ . . q:~
~.~:~.,..._..:.._~:_e.
._~:. ~..q~,~._..~ ~~
.~.:...,~.q...:_~_._
~e. ...:.....~q .q._.
e. Global Financial Integrity
(GFI) ~e ~._.~ ._.:_~:..~ ~q
~~~ ...~ ~q:..~~,.e.
~,e..: ~..q~,..'.: .
. e ..:~~ q. ._~: . . q._ .
~~~ ...~ ~..q~,..'.:
. .eq._.. ~~ ...~
~q:..~ ~ , . e . .:.-~, e ...:~
.: ~..q~,..'.: ~,. .e
q.._~~~ ~...~ ~...
~q:..~~,.e...:~.:. .._.
~~.:._~:. ...:. ~q . q._ .
e. ~q:..~ ~ , . e . . . ._~.
... .. .:.._ . ~ .. ~ . .
._ ~,._.:.. .~.~_ ..
._..:. _..._..- ~~..~.
_e.._~: .._. .q._. ..~,
~ . .. ~. :.. ~.,_e VAT
~.~:~ . , . .e ~ . .~ , . , .:.~
.q:q:.._~._~:.. ~.~:~. ,
. q:~~ .~ _..:.. ._ e .. .
.~~~~.,_~..:...: _..,:
~.q.._e.._~:.._. GFI .
... :..q.._:q Brian LeBlanc
~ ._.:_~:..._., ...~:~:.
~~. e....~~.. ~q:.
.~ ~,~..,..q:.~e..: ~..q
~,..'.: .' .e,..|.q
._~:. .q._.
_. ~..|..:~. ~..q~,
..'.: ~,. .e.: .....
.e:~..:. ~~.~_..:...:..
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mmbiztoday.com
REGIONAL BIZ
14
India Seeks to Boost Connectivity With
ASEAN Nations
Elizabeth Roche
A
s vIbrunL SouLIeusL
Asian economies look
Lo couIesce InLo un eco-
nomIc communILy by zo1 und
ndIu seeks Lo deepen IInkuges
wILI IL, u key prIorILy wIII be Lo
ensure connecLIvILy beLween
ndIu und LIe groupIng, u sen-
Ior IoreIgn mInIsLry om cIuI suId.
AddressIng u semInur on
ndIu-ASEAN (AssocIuLIon oI
SouLIeusL AsIun NuLIons) murI-
LIme connecLIvILy In New DeIII,
Anil Wadhwa, secretary (east)
In LIe mInIsLry oI exLernuI uI-
fairs, noted that India was only
the third country after China
und Jupun Lo begIn IormuI LuIks
on connecLIvILy wILI LIe ASE-
AN ConnecLIvILy CoordInuLIng
CommILLee (ACCC), LIe nexL
meeLIng oI wIIcI wIII be IeId In
New DeIII In MurcI.
TIe Ideu oI connecLIvILy be-
tween India and countries of
SouLIeusL AsIu Is noL new, Wud-
Iwu suId. L Is Loduy cenLruI Lo
LIe Aseun-ndIu purLnersIIp
Ior progress und prosperILy.
EquuIIy ImporLunLIy, IL Is uIso
oI reIevunce Lo LIe muInLenunce
oI peuce und securILy In LIe re-
gIon, Ie udded, un uIIusIon Lo
LensIons generuLed by conIcL-
Ing LerrILorIuI cIuIms umong
muny ASEAN und neIgIbour-
Ing counLrIes Lo IsIunds In LIe
SouLI CIInu Seu und beyond.
Two mujor deveIopmenLs ure
IendIng even greuLer urgency Lo
our (ndIu-ASEAN) connecLIv-
ILy ugendu. One Is LIe ASEAN
murcI Lowurds un ASEAN com-
munILy by zo1, wIIcI wIII
consolidate a market of more
LIun 6oo mIIIIon peopIe und u
combIned GDP oI $z. LrIIIIon,
WudIwu suId.
TIe second deveIopmenL Is
the consolidation of economic
und commercIuI engugemenL
beLween ndIu und ASEAN
LIrougI LIe TA (Iree Lrude
ugreemenL) on Lrude In goods,
wIIcI Ius been In pIuce sInce
zooq, und LIe TA on servIces
und InvesLmenL wIIcI Is ex-
pecLed Lo be sIgned In LIe com-
Ing monLIs uILer ASEAN coun-
LrIes compIeLe LIeIr InLernuI
processes Ior sIgnuLure.
TIIs wIII InLegruLe un econom-
Ic spuce oI 1.8 bIIIIon peopIe und
u GDP oI over $.; LrIIIIon, Ie
suId.
ndIu IuuncIed u Iook eusL
poIIcy In 1qqz uImed uL Iorg-
Ing cIoser IInks beLween n-
dIu und ASEAN counLrIes und
wILI u vIew Lo deveIopIng ILs
norLIeusLern sLuLes. ndIu und
ASEAN operuLIonuIIsed u Iree
Lrude ugreemenL (TA) In goods
In zo1o und Lrude beLween LIe
bIoc und ndIu reucIed $8o bII-
IIon In zo11-1z. BoLI sIdes Iuve
seL u LurgeL oI $zoo bIIIIon by
zozz.
ASEAN groups LogeLIer Bru-
nei, Cambodia, Indonesia,
MuIuysIu, Myunmur, uos, LIe
PIIIIppInes, SIngupore, TIuI-
Iund und VIeLnum.
ndIu Is uIreudy pursuIng u
LrIIuLeruI IIgIwuy projecL wILI
Myunmur und TIuIIund und un-
oLIer projecL Lo IInk Myunmur
wILI ndIu`s IundIocked norLI-
eusL. OLIer pIuns IncIude u DeI-
II-HunoI ruIIwuy IInk runnIng
LIrougI MunIpur und u seu cor-
rIdor connecLIng CIennuI wILI
DuweI In Myunmur. Mint
China Cancels Deal to Buy Thai Rice
Due to Graft Probe
Pracha Hariraksapitak
C
hina has cancelled a deal
Lo buy 1.z mIIIIon Lonnes
oI TIuI rIce uILer TIuI-
Iund`s unLI-corrupLIon ugency
IuuncIed InvesLIguLIons InLo u
sLuLe rIce-buyIng scIeme, LIe
TIuI commerce mInIsLer suId.
The cancellation will add to
LIe pressure on TIuIIund`s gov-
ernmenL, wIIcI Is sLruggIIng Lo
secure funds for the rice scheme
at a time when farmers who
Iuve noL been puId ure proLesL-
Ing In LIe provInces.
CIInu Iucks conhdence Lo do
busIness wILI us uILer LIe Nu-
LIonuI AnLI-CorrupLIon Com-
mIssIon sLurLed InvesLIguLIons
InLo LIe Lrunspurency oI rIce
deals between Thailand and
CIInu, NIwuLLIumrong Bun-
songpIuIsun LoId reporLers.
The deal between Thailand
und CIInese sLuLe enLerprIse
BeIduIuung wus sIgned on No-
vember zo, Ior deIIvery sLurLIng
In December. TIe sIIpmenL wus
deIuyed, Iowever, uILer PrIme
MInIsLer YIngIuck SIInuwuLru
dIssoIved purIIumenL In Decem-
ber.
NIwuLLIumrong suId LIe gov-
ernmenL wouId open u Lender
to sell 400,000 tonnes of rice
Irom ILs sLocks LIIs week. n-
dusLry experLs esLImuLe LIose
sLocks couId be ubouL 1 mIIIIon
Lonnes.
TIe governmenL Is desperuLe
Lo geL Iunds Ior LIe scIeme be-
cuuse some Iurmers wIo Iuve
soId gruIn Lo LIe sLuLe Iuve been
wuILIng Ior monLIs Ior LIeIr
money.
TIe WorId Bunk Ius esLImuL-
ed annual losses of 200 billion
buIL ($6 bIIIIon) sInce IL wus
InLroduced In zo11. TIe govern-
menL Ius sLruggIed Lo seII LIe
rIce becuuse oI ILs IIgI prIce uL
u LIme wIen gIobuI demund Is
LIIn.
The Chinese cancellation is
the latest in a series of setbacks
Ior YIngIuck, wIo cumpuIgned
on LIe rIce scIeme Lo wIn sup-
porL In LIe voLe-rIcI norLI und
norLIeusL, wIere muny Iouse-
IoIds IIve o Income Irom rIce
IurmIng.
Her governmenL Ius Iuced
LIree monLIs oI uL LImes vIoIenL
proLesLs by u poIILIcuI move-
menL LryIng Lo ousL Ier und un
eIecLIon IeId on ebruury z Lo
try to defuse the crisis has failed
Lo resoIve unyLIIng.
It could be months before the
om cIuI resuILs oI LIe dIsrupLed
poII ure known, IeuvIng Ier In
cIurge on u cureLuker busIs wILI
no uuLIorILy Lo muke budgeL or
spendIng decIsIons.
TIe governmenL`s eorLs Lo
secure Iouns Irom bunks Lo res-
cue LIe scIeme Iuve been un-
successIuI. AbouL oo empIoy-
ees oI sLuLe-owned Krung TIuI
Bank held a demonstration on
Tuesduy urgIng LIe bunk noL Lo
gIve LIe governmenL u Ioun.
Reuters
Myanmar Summary
Myanmar Summary
(From Ieft) PhiIippines` President Benigno Aquino, Singapore`s Prime Minister Iee Hsien Ioong, Vietnam`s Prime Minister
Nguyen Tan Bung, India`s Prime Minister Manmohan Singh, Brunei`s SuItan HassanaI BoIkiah and Myanmar`s President Thein
Sein at the ASEAN-India Summit.
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~,., ~. .e~eeq, ..:
~_.~~:. .ee~.._~:. .
.- ~..,..q:.~e.q.~,_~.~
._.:_~:..._.
e.~. ~,~.. .,~ee.
..:~ _ .~ ~:. .e e~ . ~ _. .
._~: .~..q~..' .,:~.
e ~:..:.q .:..._ _e. _. . .~. .q
~.,_ e ._ . .e ..:. .:. ~:.
.:~ . ._~....q, . . .~ ~~ ~
, , .~, .,q_. . .:~ . . .qq ._
.e..:..:.~ .._...:. q.,.
._. ~,~.. ..~_~:.
., ..|...:~ _ . . q: . . .
_..:.~.~. .~.~_ ~~
.~ _..:.. ., ~ .q.. q:.~: .q
~e-...........:.~ _...._..
.,:~ ~,~.~.,_e ..~.
..,...:q~q, e_~_.~.q
.~: ._~: . Ni watthamrong
Bunsongphaisan ~ .~..:~
.:.~:. ._.:_ ~:..._ .
.~..q. ~,~....,.
~~_~:. .,..|.~eeq, ..:
~_.~~:. .~:. ~ q~.,
~..:~.~. ~.q. ..._.
~~ ...~ ~.q .~:~:q
~e ~ . .:.~.,_e ~:. e . .. :.
.q.~. ~ ~_. ~ ~.~: ~_ .e:
..: q ~ . :. ._ _ e. ._ ~~~
~ . e. ._ ~.q .~: ~:q ~e
~..:.. .~.~ .~.e.
..:. ....:.:..q,~~~ ..:
.,.:._.. ~.e. ~:.e~e~
..:.~_~:. . ~.~ .~.e
. . ._ ~. ~~.q..|._ ..: .~
~.._e..:..._e ._.:..q.
~, _~._:,. ~_~.~, .~. ..: ~. .
~ ._.:_~:..._.
,e ....~ ~.e. ~:.e
~e~..:.~_~:. .q._~:..~
.~ . :..:. . . .. . ._ .~ .
.......q:~ ._.:..q.q:~,_~.
_:,. ~_~.~~_e.. Anil
Wadhwa ~ ~:.e. ~.~
.~.e..q: ....|...:q~
.q..~: .~ . ., . ~, ~ . ~ .
.. . .. . . .:. ~_ . . .,:~ ~~ e
._.:~ ....... _....:._ .
~. . _ e. ._ ~: . ._ .:_ ~:.. ~:
.,:~.:._.~..~:. .~.~
,e...._ ~.._....:..__e.
._~:.._. .q._.
~.q .~: ~:q . ~ . e.
~_~:. . ~ .~ . :..:. q, ~~ ~
~.~.._ e.. _e...'.:._
~. ~. .. ~. . .e ~ ._~: .
Wadhwa ~ ._ .:_~:..._.
mmbiztoday.com
REGIONAL BIZ
15
Contd. P 6...(Iran)
Myanmar Summary
From Iran to North Korea,
Investors Spy The New Frontier
Investors seek new avenues after poor emerging market returns; North Korea, the fnal frontier, also has iron, rare earths
Carolyn Cohn and
Natsuko Waki
I
run, IopIng Ior u IuII IIIL-
Ing oI wesLern suncLIons,
und NorLI Koreu ure umong
exLreme IronLIer murkeLs LIuL
couId uLLrucL udvenLurous Iund
munugers wILI LIe sLomucI Ior
IIgI poIILIcuI rIsk In LIe seurcI
Ior IIgIer reLurns.
runIun PresIdenL Hussun
RouIunI LoId busIness und po-
IILIcuI Ieuders uL LIe WorId Eco-
nomIc orum In SwILzerIund re-
cenLIy LIuL run wus negoLIuLIng
wILI LIe UnILed SLuLes us purL
oI u consLrucLIve engugemenL,
InvILIng Europeun compunIes Lo
seIze opporLunILIes us reIuLIons
normuIIse.
TIuL IoIIows LIe IIILIng oI
some Western sanctions on
run recenLIy In excIunge Ior
sLeps Lo curb some nucIeur-re-
IuLed ucLIvILy.
Iran has its attractions to
porLIoIIo munugers us u bIg oII
producer wILI u Iurge popuIu-
tion and an established local
sLock murkeL.
NorLI Koreu`s IILLIe-known
economy uIso bousLs rIcI mIn-
eral resources such as iron ore
und IurgeIy unLupped rure eurLI
meLuIs.
And InvesLors ure desperuLeIy
on LIe Iook-ouL Ior new IIgI-
reLurn murkeLs, purLIcuIurIy uI-
Ler poor perIormunce In esLub-
IIsIed emergIng economIes In
recenL yeurs.
BuL Ior InLernuLIonuI Inves-
tors in debt and equity markets,
it could be years before they
guIn uccess Lo run, wIIIe NorLI
Koreu Is even IurLIer down LIe
roud.
run does Iuve u reIuLIveIy so-
pIIsLIcuLed sLock murkeL, domI-
nuLed by IocuIs. L Lurns over
$zoo mIIIIon u duy on uveruge
und Ius LoLuI murkeL cupILuIIsu-
LIon oI $16q bIIIIon.
We see uLLrucLIve vuIuuLIons
In run, purLIy reIuLed Lo LIe IucL
LIuL IL`s u cIosed murkeL, suId
HenrIk KuIm, porLIoIIo mun-
uger uL emergIng murkeL Iund
MG.
We wIII see very Iow prIceJ
eurnIngs ruLIos und sLrong
growLI umong muny secLors. L
Is u very InLeresLIng murkeL, II IL
opens up.
KuIm Is un eurIy porLIoIIo In-
vesLor In ruq, IuvIng IuuncIed
un ruq Iund In zo1o. Ls Io-
cuI sLock murkeL wus seL up
In zoo, buL IL Iud Lo uboIIsI
bIuckbourd LrudIng Ior un eIec-
LronIc sysLem beIore IL opened
LIe door Lo IoreIgn InvesLors.
KuIm Ius been IookIng InLo
wuys Lo InvesL In run. We
Iuve done due dIIIgence on LIe
ground. L`s sLIII Loo eurIy duys.
Ike IIm, LIe hrsL porLIoIIo In-
vesLors InLo new murkeLs - My-
unmur und SouLI Sudun beIng
oLIer recenL exumpIes - Lend Lo
be IronLIer debL InvesLors, prI-
vuLe equILy InvesLors In unIIsLed
compunIes und smuII Iunds Io-
cusIng on IIsLed sLocks.
n order Lo Issue debL In InLer-
national markets, Iran would
hrsL Iuve Lo come Lo un ugree-
menL on ILs ouLsLundIng debL
wILI LIe PurIs CIub groupIng oI
rIcI-nuLIon credILors.
run Ius u reIuLIveIy recenL
IIsLory oI IssuIng debL In InLer-
nuLIonuI murkeLs. TIe cenLruI
bunk IuuncIed u weII-receIved
euro-denomInuLed bond In
SoIdiers march past the podium during a miIitary parade in Pyongyang, North Korea. As investors move away from emerging
markets, the recIusive miIitary state may become the naI economic frontier. Un a corporate IeveI, some brave pioneers are
aIready making inroads. Egypt`s Urascom TeIecom has invested in North Korea`s teIecommunications market for the past six
years.
B
o
b
b
y

Y
ip
/
R
e
u
t
e
r
s
zooz, even LIougI US PresI-
denL George W BusI Iud LIuL
yeur IubeIIed run purL oI LIe
AxIs oI EvII.
I run IoIIows ruq`s puLI, ILs
debL couId be popuIur.
oIIowIng LIe ruq wur In
zoo, LIe PurIs CIub cunceIIed
Iraqs debts in 2004, and Iraq
Issued u $z.; bIIIIon zz-yeur
bond oI resLrucLured commer-
cIuI debL In zoo6. TIe bond Is
now included in benchmark
bond Indexes, Is IeId by muIn-
sLreum InvesLors und yIeIds be-
Iow 8 percenL.
But for Iran, the main current
obsLucIe Is LIe UnILed NuLIons
suncLIons, In pIuce sInce zoo6,
wIIcI Iuve Luken LIeIr LoII on
ILs economy, wIIcI Ius rum-
punL InuLIon.
TIere Is u Iong IIsL oI LIIngs
in Iran that need to be dealt
wILI. WIen you ure buIIdIng u
counLry, mukIng good wILI Ior-
eIgn credILors Is Iow on LIe IIsL,
suId Angus HuIkeLL, emergIng
debL munuger uL SLone Hurbor
nvesLmenL PurLners.
Fi nal fr onti er
BuL LIere ure even Iurder nuLs
Lo cruck LIun run.
Cubu Ius repuckuged deIuuIL-
ed debL oI neurIy $oo mIIIIon,
uccordIng Lo zo11 duLu. Trude In
LIe debL Is resLrIcLed due Lo US
suncLIons, buL Denmurk-bused
Iund S IoIds u smuII umounL.
TIe hnuI IronLIer, Iowever,
muy be NorLI Koreu, unoLIer
counLry under UN suncLIons.
On u corporuLe IeveI, some
bruve pIoneers ure uIreudy muk-
Ing Inrouds. EgypL`s Oruscom
TeIecom Ius InvesLed In NorLI
Koreas telecommunications
murkeL Ior LIe pusL sIx yeurs.
Distressed debt is another
uvenue. TIe counLry Ius syndI-
cuLed Iouns wILI u Iuce vuIue oI
uround $1 bIIIIon, LIed Lo Iouns
In deIuuIL sInce 1q8os. L Ius
Contd. P 6...(Iran)
~.,:~ . . . .. :..q.. ~ . . ~:.. .
~ eeq :....q,~~~ ..:..,
..: ~q,. ._.:~ ~q.e:.~. :
. .q.. .~ . , .:.q . q._
~._.~.,.:. q .,..:._. ~~.
~_.~_..:.. :qq.._...~ ~.:.
~:. q :.e.,._ q..._.....:.
~~ ~ ~. , . ..: . ._ ...~ ~
.:. _e..:.._~:. .q._.
~q,.._ ~..q~,. ~_.
..:..: ._ _ . ... ... .. .:.
~ _....,_.. .q:.~.~.:.~
._ . . .. :..q.~. ~.. ..~: ..:.
qq ..q, ~~ ~ e ~ ..'.,._~:. ~ q,
.- ..~ Hassan Rouhani ~
. .. :..q.. . .q. ...: . .:.~:.
._.:_~:..._.
._ ~:.... ~. , ~:.~~ . ..~
..e:.. .~.~ ..: ..:q~
.~ .:.~ ~ , . ~.. _ . . . q,
~~~ _~......:.._~: ~q,.
On a corporate level, some brave
pioneers are already making inroads.
Egypts Orascom Telecom has invested in
North Koreas telecommunications
market for the past six years.
Consumer Trends, Marketing & Branding Strategies
What is the cuiient consumei tienu in Nyanmai anu how is this tienu
evolving. What can local companies uo to enhance theii bianuing anu
maiketing effoits. Bow can companies uevelop effective maiketing
anu bianuing stiategies to iemain competitive in this maiket. What
laws, iegulations anu legal pioceuuies exist foi companies to piotect
theii bianus. What aie the existing anu upcoming consumei
piotection measuies in Nyanmai.

These issues will be auuiesseu in this seminai by TNS Myanmar Co.,
Ltd, Mango Marketing Services Co.,Ltd, Kelvin Cbia Yangon Ltd
anu othei leauing expeits in the fielus.
Event Information
Friday, 21 Feb 2014
2:00 pm to 5.30 pm
Mingalar Hall
RUMFCCI Office Tower
29 Min Ye Kyaw Swar Road
Yangon, Myanmar
RSVP by 19 Feb to:
rsvp@kcyangon.com
For inquiries please email
ywc@kcyangon.com or
call (+951) 860 3304 x 414
Seats are limited to 300 only.
Sponsored by
Organized by
mmbiztoday.com
REGIONAL BIZ
16
From page ,...(Iran)
Mizoram Boosting
Infrastructure for
Myanmar, Bangladesh
Border Trade
M
Izorum Ius been de-
veIopIng InIrusLruc-
ture to boost trade
wILI Myunmur und BungIudesI,
the northeastern Indian states
governor Vukkom B PurusI-
oLIumun suId.
nIrusLrucLure Ius been cre-
uLed uIong LIe InLernuLIonuI
borders to facilitate border
Lrude. TIe proposed und
CusLom SLuLIon uL ZorInpuI In
uwngLIuI dIsLrIcL Ius uIreudy
been upproved In prIncIpIe by
the union commerce ministry
recenLIy, LIe governor suId.
He suId: AILer LIe compIe-
LIon oI LIe proposed border In-
IrusLrucLure, MIzorum wouId be
u guLewuy oI Lrude uny economy
oI LIe SouLIeusL AsIun coun-
LrIes.
MIzorum sIures u ;zz-km
Myanmar Summary
noL underLuken uny resLrucLur-
Ing wILI ILs credILors.
The sudden interest was
drIven by Iopes LIe new SwIss-
educuLed Ieuder KIm Jong-un
mIgIL muke progress wILI LIe
international community and
open up LIe economy.
Buck In zoo;, u ondon-bused
Iund wus LryIng Lo ruIse $o
mIIIIon Lo InvesL In LIe recIusIve
sLuLe.
TIe Iund receIved reguIuLory
upprovuI buL cume Lo noLIIng,
uccordIng Lo RobIn ox, cIuIr-
mun oI AngIo-SIno CupILuI PurL-
ners, wIIcI operuLed LIe Iund.
We Ioped uL LIe LIme LIuL
NorLI Koreu wouId IoIIow uIong
u sImIIur puLI Lo CIInu or VIeL-
num, buL LIe regIme wouId noL
cIunge und uIIow uny worLI-
wIIIe IoreIgn InvesLmenL, ox
suId.
NorLI Koreu sLIII Ius nuLuruI
resources und u dIscIpIIned und
reusonubIy weII educuLed work-
Iorce. L sIouId be un InLeresL-
Ing IronLIer murkeL uL some
sLuge, Ie udded. Reuters
From page ,...(Iran)
unIenced boundury wILI Myun-
mur und BungIudesI. IANS
Panasonic to Sell SE Asia Chip
Assembly Plants to UTAC Unit
Edmund Klamann
P
unusonIc Corp suId IusL
week IL wouId seII cIIp
ussembIy pIunLs In SouLI-
eusL AsIu Lo u unIL oI SIngupore`s
UTAC HoIdIngs Ld us IL moves
InLo LIe hnuI sLuges oI u sweep-
Ing resLrucLurIng Lo unIoud un-
prohLubIe operuLIons.
TIe compuny guve no hnun-
cIuI deLuIIs oI LIe deuI Lo om oud
LIree cIIp ussembIy unILs oper-
uLIng pIunLs In ndonesIu, Mu-
Singupore Rening Co Invests
over $500m in Gasoline, Power Units
S
Ingupore RehnIng Co
(SRC) suId IL wIII InvesL
more LIun $oo mIIIIon Lo
buIId gusoIIne und power gen-
eruLIon unILs uL ILs rehnery on
Jurong sIund.
TIe projecL Is uImed uL meeL-
Ing IIgIer gusoIIne specIhcu-
LIons In LIe regIon, SRC suId In
u sLuLemenL.
TIe compuny wIII udd u
z6,ooo burreIs per duy (bpd)
gusoIIne desuIpIurIsuLIon
unIL, un umIne LreuLIng unIL,
u z,oo-bpd Ieuvy nupILIu
spIILLer und u Lwo-LruIn co-gen-
eruLIon unIL wILI u LoLuI power
ouLpuL oI ;z meguwuLLs, u com-
puny spokesperson suId In un
emuII.
ConsLrucLIon wIII begIn In
ebruury und LIe compuny ex-
pecLs Lo commIssIon LIe new Iu-
cIIILIes by LIe hrsL IuII oI zo1;,
LIe spokesperson suId.
SRC operuLes u zqo,ooo bur-
reIs per duy rehnery und LIe
compuny Is u o:o joInL ven-
Lure beLween CIevron Corp
und SIngupore PeLroIeum Co, u
wIoIIy owned subsIdIury oI PeL-
roCIInu nLernuLIonuI Co.
Reuters
Myanmar Summary
IuysIu und SIngupore.
TIe move IoIIows cIoseIy on
the heels of the transfer of its
cIIpmukIng IucIIILIes In Jupun
Lo u joInL venLure mujorILy-
owned by srueII cIIpmuker
TowerJuzz SemIconducLor Ld.
Reuters
Myanmar Summary
~..' . .. :..q.. ~ . . ~.~ ~.,:~
..:.. ._e..: ...._...,:~ e.
~ . ~ q, . ~.,_e ...~ ~ e ~
..'..:.~ _....:_. . ~.,:~ .
.:.. .~ . .q.~._ .~.,.~: .
~. . ~ ~_ ..:~ .:. _. .._ ._e.
._.
~q,.~.,_e ...q.
. . ._ ._. . .q, _~e ~._ . ~. .
_e. ._ ~_. _._ ~ ...~: ...~ ~
~..~._. .::...._
~~ ~ q .. ._. . . . .:.~:. . ..:
:.. ._ ~.,~:.~ q .,._ .
~ q, ~ ~.~: ~~, .~: .. , ..:
..~: ...~ ~ ~. . q .,_ . . _ ._
~...,..:.~ .....:.._.
Singapore Refning Co (SRC) .
J urong ~, .q , .-.q, .~ . . , .
~~~ .:~.. ...~~...
e ,. .:.~:. ~_ .: q, ~~ ~
~..q ~, ..'.: ~~ . . e .~:~
q.. ._.. . . :.._ _e. ._~: . ._.:
_ ~:..._.
e. . . ~ , . ._ ~: .:~ . ~
.:.e:.|~.~ ..: .._ e,..
~..,. ._..|. '~~~ ~
. . ~ . ~ . . .:. ._ _e. ._~: .
.q._.
.e.e: ~|q .~ . . , .~_ ..:~
..:.~ .~ _. . . . :.._ _ e. _ . .
~.~~.,_e ~~ ... ~~ ~
. . , ...: q ~ . ~.. .:.~ _.. .
. :.. q, ..: . , .:.._~: . ~. ~-
._.:.q.. . q . ~. .~._ .:_ ~:..
._.
A bank empIoyee sorts rupiah banknotes at the Bank NationaI Indonesia (BNI) in ]akarta.
S
u
p
r
i/
R
e
u
t
e
r
s
Indonesian Economy Grows 5.78pc
in 2013, Slowest in 4 Years
I
ndonesIu`s economy In zo1
grew uL ILs sIowesL puce In
Iour yeurs, LIe sLuLIsLIcs bu-
reau said last week, as the end
oI u commodILIes boom under-
mIned exporLs und IIgIer InLer-
esL ruLes drugged on consump-
LIon.
Gross domesLIc producL rose
.;8 percenL In zo1, uILer u
6.z percenL Increuse In zo1z
und murkIng LIe sIowesL growLI
sInce zooq. TIe resuIL com-
pured wILI LIe medIun IorecusL
oI .; percenL growLI In u Reu-
Lers poII oI economIsLs.
SouLIeusL AsIu`s bIggesL econ-
omy Ius enjoyed unnuuI growLI
oI more LIun 6 percenL In recenL
yeurs, underpInned by spend-
Ing umong ILs growIng mIddIe
cIuss.
But domestic demand has
sLurLed Lo IeeI LIe ImpucL oI ug-
gressIve ruLe Increuses by LIe
cenLruI bunk uImed uL eusIng
LIe currenL uccounL dehcIL und
reInIng In InuLIon.
In the October to December
perIod, LIe economy grew .;z
percenL Irom u yeur eurIIer,
while on a quarterly basis it
conLrucLed 1.qz percenL. Econo-
mIsLs Iud expecLed .o percenL
growLI on un unnuuI busIs und u
quurLerIy 1.6; percenL conLruc-
LIon. Reuters
Myanmar Summary
~~, ...~ ~.,.q:.- ...:.
.q.._ .....~:~~. e_e.~.
~~.~....~....,.~.,:.~.
q.~ .~_~ .q._~:.:q.~._:,
..,.._~.~~ ._.:_~:. .._.
~~, ...~ ....|._._~.
~~,~,e..: . q:..,.
.: ~ .~~ . _. . ~~ . . . ~ '.,
q:..,.~ ~.~~.._~~~
~~ . . . . ._ .... . ~:~ . e _e .
~ .~~ . ~.. ..~ .. .~.,~:.
~.q.~ .~_~.q._. ,~~:.
. .. :..q.._:q .:.~ . q:. . , .
~ .~~ . . ._ e ., . , .. .:. _.. . .
._.
~.q .~: ~:q - ~ ~:.~_ ~ .
. .. .. :..q.~ . . :.._ ~ .
,.q :..~.,_e .,.._. . .:.
~~ . . . . e _e .~ .~~ . .,.. :
' q:..,..~:.._.
_ ., .: . . .:. .. q .
~_~:. ~,.e.e_e.~.~~.:..
q,~~~ ..~q,_._,e- ~._..
~..:~~~.:.~:. e_e.~.~~
.~: .~ .~ ..: q ~ . :.._ e
~ . e. . ~_~ .~~ ~. ._e. .
Vakkom B Purushothaman ~
._.:_~:..._.
,e .. ~ , . e .q...: q ~ . .:.
~:. ~.~~.:..q,~~~ ~._..
~..:~~~.:.~ e_e..:.~:
..:q ~ . :.._ _ e. _ . .~._ .:.
._~._..~..:~~~ .:.~ ~_
.:_...:..|~ ..~q,._ ~.q
.~:~:q~e~. .:.. ~ , . e
q, ~~ ~ ~.~~.:~._ .,q:~.
. _e. .:._ _e. ._.
Panasonic Corp . ,.- ...,
.. _ .~. ~ ~. ..:.~:. ~. .
._ ..,..:.~:. .~:..-
UTAC Holdings Ltd . .q:..
. :. e e q ._ ~: . ._ .: _ ~:. . _. .
Panasonic ~.,_e ~~ .~_.~ .qq
._ ..,..:.~:. .q:.._.. ..
, ._ ., ._ e ._ .~_ ..:~ . ~
_.. . q, ~~ ~ e. ~ . .q: ... :.
eeq._e ._.:_~:.._..._._e.
._.
~.,.q:. ....q:.. .~:.q
.. ., .._.~.~~...:. ~..
._e,. , .~:. .q:..q,~~~
_:.q.~.~~.~.:.~ ~.~
. ._.:_~:._. ..q ._~:.._. . q._ .
mmbiztoday.com
INTERNATIONAL BIZ
17
Myanmar Summary
Contd. P 8...(Flipping)
Flipping the Corruption Myth
Corruption is by far not the main factor behind persisting poverty in the Global South
T
runspurency nLer-
national recently
pubIIsIed LIeIr IuL-
esL unnuuI CorrupLIon
PercepLIons ndex (CP),
IuId ouL In un eye-cuLcIIng
mup oI LIe worId wILI LIe
IeusL corrupL nuLIons cod-
ed In Iuppy yeIIow und
LIe mosL corrupL nuLIons
smeured In sLIgmuLIsIng
red. TIe CP dehnes cor-
rupLIon us LIe mIsuse oI
pubIIc power Ior prIvuLe
benehL, und druws ILs
duLu Irom 1z dIerenL In-
sLILuLIons IncIudIng LIe
WorId Bunk, reedom
House, and the World
EconomIc orum.
WIen hrsL suw LIIs
mup wus sLruck by LIe
IucL LIuL mosL oI LIe yeI-
Iow ureus Iuppen Lo be
rich Western countries,
IncIudIng LIe UnILed
SLuLes und LIe UnILed
KIngdom, wIereus red
covers uImosL LIe enLIreLy
oI LIe gIobuI SouLI, wILI
counLrIes IIke SouLI Su-
dun, AIgIunIsLun, und So-
muIIu duubed especIuIIy
durk.
TIIs geogrupIIcuI dI-
vIsIon hLs squureIy wILI
muInsLreum vIews, wIIcI
see corrupLIon us LIe
scourge oI LIe deveIopIng
worId (cue cIIcIe Imuges
of dictators in Africa and
brIbery In ndIu). BuL Is
LIIs sLoryIIne uccuruLe?
Muny InLernuLIonuI de-
veIopmenL orgunIsuLIons
IoId LIuL persIsLenL pov-
erty in the Global South is
cuused IurgeIy by corrup-
LIon umong IocuI pubIIc
om cIuIs. n zoo LIese
concerns Ied Lo LIe UnIL-
ed NuLIons ConvenLIon
uguInsL CorrupLIon, wIIcI
usserLs LIuL, wIIIe corrup-
LIon exIsLs In uII counLrIes,
LIIs evII pIenomenon Is
mosL desLrucLIve In LIe
gIobuI SouLI, wIere IL Is u
key eIemenL In economIc
Jason Hickel
underperIormunce und u
mujor obsLucIe Lo poverLy
uIIevIuLIon und deveIop-
menL.
TIere`s onIy one prob-
lem with this theory: Its
jusL noL Lrue.
Cor r upti on, super -
power style
AccordIng Lo LIe WorId
Bunk, corrupLIon In LIe
form of bribery and theft
by governmenL om cIuIs,
LIe muIn LurgeL oI LIe UN
ConvenLIon, cosLs deveI-
opIng counLrIes beLween
$zo bIIIIon und $qo bII-
IIon eucI yeur. TIuL`s
u IoL oI money. BuL IL`s
un exLremeIy smuII pro-
porLIon - onIy ubouL
percenL - oI LIe LoLuI II-
IIcIL ows LIuL Ieuk ouL oI
pubIIc coers. Tux uvoId-
ance, on the other hand,
accounts for more than
$qoobn eucI yeur, money
LIuL muILInuLIonuI corpo-
ruLIons sLeuI Irom deveI-
opIng counLrIes LIrougI
prucLIces sucI us Lrude
mIsprIcIng.
TIIs enormous ouLow
of wealth is facilitated by
u sIudowy hnuncIuI sys-
Lem LIuL IncIudes Lux Iu-
vens, puper compunIes,
anonymous accounts, and
fake foundations, with the
CILy oI ondon uL LIe very
IeurL oI IL. Over o per-
cenL oI gIobuI IoreIgn dI-
recL InvesLmenL Is booked
LIrougI Lux Iuvens, wIIcI
now coIIecLIveIy IIde one-
sIxLI oI LIe worId`s LoLuI
prIvuLe weuILI.
TIIs Is u mussIve - In-
deed, fundamental
cuuse oI poverLy In LIe
deveIopIng worId, yeL IL
does noL regIsLer In LIe
muInsLreum dehnILIon oI
corrupLIon, ubsenL Irom
LIe UN ConvenLIon, und
rureIy, II ever, uppeurs on
LIe ugendu oI InLernuLIon-
uI deveIopmenL orgunIsu-
LIons.
With the City of London
uL LIe cenLre oI LIe gIobuI
Lux Iuven web, Iow does
LIe UK end up wILI u
cIeun CP?
The question is all the
more bum Ing gIven LIuL
the city is immune from
muny oI LIe nuLIon`s dem-
ocratic laws and free of all
purIIumenLury oversIgIL.
As u resuIL oI LIIs specIuI
sLuLus, ondon Ius muIn-
tained a number of quaint
pIuLocruLIc LrudILIons.
Tuke ILs eIecLoruI pro-
cess, Ior InsLunce: More
LIun ;o percenL oI LIe
voLes cusL durIng councII
elections are cast not by
resIdenLs, buL by corporu-
tions mostly banks and
hnuncIuI hrms. And LIe
bIgger LIe corporuLIon,
LIe more voLes LIey geL,
wILI LIe IurgesL hrms geL-
LIng ;q voLes eucI. TIIs
Lukes US-sLyIe corporuLe
personIood Lo unoLIer
IeveI.
To be fair, this kind of
corrupLIon Is noL enLIreIy
ouL oI pIuce In u counLry
where a feudalistic royal
IumIIy owns 1zo,ooo Iec-
tares of the nations land
und sucks up uround qo
mIIIIon ($6.; mIIIIon) oI
pubIIc Iunds eucI yeur.
TIen LIere`s LIe purIIu-
ment, where the House of
ords Is hIIed noL by eIec-
LIon buL by uppoInLmenL,
wILI qz seuLs InIerILed by
urIsLocruLIc IumIIIes, z6
set aside for the leaders of
LIe counLry`s IurgesL reII-
gIous secL, und dozens oI
oLIers dIvvIed up Ior suIe
Lo muILI-mIIIIonuIres.
CorrupLIon In US Is
onIy sIIgILIy Iess bIuLunL.
WIereus congressIonuI
seuLs ure noL yeL uvuIIubIe
Ior ouLrIgIL purcIuse, LIe
CILIzens UnILed vs EC
ruIIng uIIows corporu-
LIons Lo spend unIImILed
amounts of money on
poIILIcuI cumpuIgns Lo en-
sure LIuL LIeIr preIerred
cundIduLes geL eIecLed, u
prucLIce jusLIhed under
the Orwellian banner of
Iree speecI.
Contd. P 8...(Flipping)
This enormous outflow of wealth
is facilitated by a shadowy financial
system that includes tax havens,
paper companies, anonymous
accounts, and fake foundations,
with the City of London at the
very heart of it.
S
o
u
r
c
e
:

T
r
a
n
s
p
a
r
e
n
c
y

I
n
t
e
r
n
a
t
io
n
a
l
The pover ty factor
TIe UN ConvenLIon Is
correcL Lo suy LIuL poverLy
In deveIopIng counLrIes Is
cuused by corrupLIon. BuL
LIe corrupLIon we ougIL
to be most concerned
about has its root in the
counLrIes LIuL ure coI-
oured yeIIow on LIe CP
mup, noL red.
TIe Lux Iuven sysLem Is
noL LIe onIy cuIprIL. We
know LIuL LIe gIobuI h-
nuncIuI crIsIs oI zoo8 wus
precIpILuLed by sysLemIc
corrupLIon umong pubIIc
om cIuIs In LIe US wIo
were intimately tied to the
interests of Wall Street
hrms. n uddILIon Lo sIIIL-
Ing LrIIIIons oI doIIurs
Irom pubIIc coers InLo
prIvuLe pockeLs LIrougI
buIIouLs, LIe crIsIs wIped
ouL u Iuge cIunk oI LIe
gIobuI economy und Iud
u devusLuLIng eecL on
Transparency International
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mmbiztoday.com
INTERNATIONAL BIZ
18
From page ;...(Flipping)
From page ;...(Flipping)
With the City of London at the
centre of the global tax haven
web, how does the UK end up
with a clean CPI?
H
u
f
f
P
o
s
t
Toyotu Ixpects Record Annoul Prot, Muintuins Ootlook
Yoko Kubota
T
oyoLu MoLor Corp ruIsed
ILs operuLIng prohL Iore-
cusL Ior LIe hnuncIuI yeur
by q percenL Lo u record z.q LrII-
IIon yen ($z.; bIIIIon) us LIe
yen, wIIcI Ius IuIIen uguInsL
LIe doIIur by some q percenL
LIIs hnuncIuI yeur, buoys proI-
ILs oI LIe exporL-orIenLed cur
muker.
TIe worId`s besL-seIIIng uu-
tomaker said last week it now
expecLs Lo posL z.q LrIIIIon yen
In unnuuI operuLIng prohL, up
Irom ILs prevIous IorecusL oI
z.z LrIIIIon yen und IIgIer LIun
ILs pre-eImun crIsIs record oI
z.z; LrIIIIon yen Irom sIx yeurs
ugo.
TIe revIsIon wus uImosL In
IIne wILI LIe z.qq LrIIIIon yen
esLImuLed by z unuIysLs.
or LIe OcLober-December
LIIrd quurLer, ToyoLu posLed
6oo. bIIIIon yen In operuLIng
prohL, ubove LIe uveruge esLI-
muLe oI ;.q bIIIIon yen und
neurIy hve LImes wIuL IL posLed
u yeur ugo.
ToyoLu kepL ILs crown us LIe
worId`s besL-seIIIng uuLo muker
Ior Lwo yeurs In u row In zo1,
beuLIng rIvuIs GeneruI MoLors
und VoIkswugen AG uILer Iuv-
Ing soId q.q8 mIIIIon veIIcIes
LogeLIer wILI group compunIes
DuIIuLsu MoLor Co und HIno
MoLors Ld. n zo1q, IL pIuns Lo
seII 1o.z mIIIIon veIIcIes gIob-
uIIy.
SIures In ToyoLu Iuve jumped
uround zo percenL sInce LIe
sLurL oI AprII zo1, wIen LIe
hnuncIuI yeur begun, rougIIy In
IIne wILI LIe bencImurk NIkkeI
uveruge`s perIormunce.
ToyoLu kepL ILs gIobuI consoII-
duLed suIes ouLIook Ior LIe h-
nuncIuI yeur endIng In MurcI uL
q.1 mIIIIon veIIcIes. L expecLs
Lo seII o,ooo more veIIcIes In
Jupun compured Lo un eurIIer
IorecusL, wIIIe IL expecLs suIes
Lo drop In NorLI AmerIcu by
o,ooo veIIcIes, und drops In
some oLIer ureus.
our oI LIe Lop hve US uuLo
seIIers on Monduy IusL week
bIumed exLreme wInLer weuLIer
Ior poorer-LIun-expecLed suIes
In Junuury, us unuIysLs und ex-
ecuLIves predIcLed u rebound In
ebruury und MurcI.
US uuLomukers ord MoLor
Co und GeneruI MoLors Co us
weII us ToyoLu und Hondu Mo-
Lor Co suw US uuLo suIes pIum-
meL In Junuury, mIssIng unu-
IysLs` esLImuLes Ior LIe monLI.
SuIes In LIe UnILed SLuLes,
ToyoLu`s bIggesL murkeL wIere
IL Is LIe LIIrd bIggesL cur muker
uILer ord und GeneruI MoLors,
rose ; percenL In zo1 Lo uround
z.zq mIIIIon veIIcIes, bucked by
LIe sLrong suIes oI LIe AvuIon
und LIe exus RX. ToyoLu`s US
murkeL sIure wus uncIunged uL
1q.q percenL.
While some economists and
unuIysLs expecL zo1q suIes Lo
rIse Lo beLween 16 mIIIIon und
16. mIIIIon veIIcIes - In zo1,
IndusLry suIes were uL 1.6 mII-
IIon veIIcIes - LIere Is growIng
concern LIuL compeLILIon wIII
InLensIIy, IeudIng Lo IIgIer In-
cenLIves und Iower prohL Ior
compunIes. Reuters
Myanmar Summary
R
e
u
t
e
r
s
deveIopIng counLrIes
wIen demund Ior exporLs
drIed up, cuusIng mussIve
wuves oI unempIoymenL.
A similar story can be
LoId ubouL LIe Ibor scun-
duI In LIe UK, wIen mujor
London banks colluded
Lo rIg InLeresL ruLes so us
Lo suck uround $1oobn oI
Iree money Irom peopIe
even weII beyond BrILuIn`s
sIores. How couId eILIer
oI LIese scunduIs be de-
hned us unyLIIng buL LIe
mIsuse oI pubIIc power
Ior prIvuLe benehL? TIe
gIobuI reucI oI LIIs kInd
oI corrupLIon mukes peLLy
bribery and theft in the
deveIopIng worId seem
purocIIuI by compurIson.
DurIng LIe 1q8os und
1qqos, LIe poIIcIes LIuL
these institutions foisted
on LIe GIobuI SouLI, IoI-
IowIng LIe WusIIngLon
Consensus, cuused per
cupILu Income growLI
ruLes Lo coIIupse by uImosL
o percenL. EconomIsL
RoberL PoIIIn Ius esLImuL-
ed LIuL durIng LIIs perIod
deveIopIng counLrIes IosL
uround $q8o bIIIIon per
yeur In poLenLIuI GDP. L
wouId be dIm cuIL Lo over-
sLuLe LIe Iumun devusLu-
tion that these numbers
represenL. YeL WesLern
corporuLIons Iuve ben-
ehLLed LremendousIy
Irom LIIs process, guInIng
access to new markets,
cIeuper Iubour und ruw
muLerIuIs, und IresI uv-
enues Ior cupILuI IgIL.
TIese InLernuLIonuI In-
stitutions masquerade as
mecIunIsms Ior pubIIc
governunce, buL LIey ure
deepIy unLI-democruLIc;
LIIs Is wIy LIey cun geL
uwuy wILI ImposIng poII-
cIes LIuL so dIrecLIy vIo-
IuLe pubIIc InLeresL. VoL-
Ing power In LIe M und
WorId Bunk Is uppor-
LIoned so LIuL deveIop-
Ing counLrIes - LIe vusL
mujorILy oI LIe worId`s
popuIuLIon - LogeLIer
IoId Iess LIun o percenL
oI LIe voLe, wIIIe LIe US
Treasury wields de facto
veLo power. TIe Ieuders oI
these institutions are not
eIecLed, buL uppoInLed by
LIe US und Europe, wILI
not a few military bosses
und WuII SLreeL execu-
LIves umong LIem.
JosepI SLIgIILz, Iormer
chief economist of the
WorId Bunk, Ius pubIIcIy
denounced LIese InsLILu-
LIons us umong LIe IeusL
LrunspurenL Ie Ius ever
encounLered. TIey uIso
suer Irom u sIockIng
lack of accountability, as
LIey enjoy specIuI sov-
ereIgn ImmunILy sLuLus
LIuL proLecLs LIem uguInsL
pubIIc IuwsuIL wIen LIeIr
poIIcIes IuII, regurdIess
of how much harm they
cuuse.
Shifting the hlome
I LIese puLLerns oI gov-
ernance were true of any
gIven nuLIon In LIe gIobuI
South, the West would cry
corrupLIon. YeL sucI cor-
rupLIon Is normuIIsed In
the command centres of
LIe gIobuI economy, per-
peLuuLIng poverLy In LIe
deveIopIng worId wIIIe
Trunspurency nLernu-
LIonuI dIrecLs our uLLen-
LIon eIsewIere.
Even II we do decIde Lo
Iocus on IocuIIsed cor-
rupLIon In deveIopIng
counLrIes, we Iuve Lo uc-
cepL LIuL IL does noL exIsL
In u geopoIILIcuI vucuum.
Muny oI IIsLory`s mosL
famous dictators like
AugusLo PInocIeL, Mobu-
tu Sese Seko, and Hosni
Muburuk - were sup-
porLed by u sLeudy ow oI
WesLern uId. Toduy, noL
a few of the worlds most
corrupL regImes Iuve
been InsLuIIed or boI-
sLered by LIe US, umong
LIem AIgIunIsLun, SouLI
Sudan, and the warlords
of Somalia three of the
durkesL sLuLes on LIe CP
mup.
TIIs ruIses un InLeresL-
Ing quesLIon: WIIcI Is
more corrupL, LIe peLLy
dIcLuLorsIIp or LIe su-
perpower LIuL InsLuIIs IL?
UnIorLunuLeIy, LIe UN
ConvenLIon convenIenLIy
Ignores LIese dynumIcs,
und LIe CP mup Ieuds
us Lo beIIeve, IncorrecLIy,
LIuL eucI counLry`s cor-
rupLIon Is neuLIy bounded
by nuLIonuI borders.
CorrupLIon Is u mujor
drIver oI poverLy, Lo be
sure. BuL II we ure Lo be
serIous ubouL LuckIIng
LIIs probIem, LIe CP
mup wIII noL be mucI
IeIp. TIe bIggesL cuuse
oI poverLy In deveIopIng
countries is not localised
bribery and theft, but
LIe corrupLIon LIuL Is en-
demIc Lo LIe gIobuI gov-
ernunce sysLem, LIe Lux
Iuven neLwork, und LIe
bunkIng secLors oI New
York und ondon. L`s
LIme Lo Ip LIe corrupLIon
myth on its head and start
demundIng Lrunspurency
wIere IL counLs.
Dr Jason Hickel lectures
at the London School of
Economics and serves as
an adviser to The Rules.
The views expressed in
this article are the authors
own and do not neces-
scril reject Mcnmcr
Business Todays editorial
policy. Al Jazeera
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mmbiztoday.com
INVESTMENT & FINANCE
19
Myanmar Summary
Myanmar Summary
Front Running the Fed
David Mayes
or those of you who dont

know wIuL IronL runnIng
Is, IL Is u prucLIce LIuL Is
now IIIeguI on mosL sLock ex-
cIunges oI LIe worId. BusIcuIIy
u oor broker wouId geL u Iurge
order Lo hII Ior u bIg wIg Iund
munuger Lo eILIer buy or seII,
and he would know that this
order uIone wus Iurge enougI Lo
make the market for that stock
or oLIer securILy Lo move. He
would thus buy or sell on his
own uccounL hrsL und Luke ud-
vunLuge oI LIe prIce movemenL,
und exIL IIs own posILIon wILI
un essenLIuIIy rIsk Iree prohL
once LIe Iurge order wus hIIed.
ObvIousIy IL goes wILIouL suy-
Ing LIIs Is noL un eLIIcuI LIIng
Lo do und Is busIcuIIy cIeuLIng,
sInce you Iuve knowIedge none
oI LIe oLIer murkeL purLIcIpunLs
Iuve.
Buck wIen wus u proprIeLury
Lruder, one oI LIe muIn LecI-
nIques we were LuugIL wus Lo
try to identify when there was a
Iurge seIIer or buyer In LIe sLock
we were LrudIng. TIey oILen
LrIed Lo dIsguIse LIeIr buyIng
Lo prevenL pusIIng LIe prIce up
on LIemseIves Loo mucI, und
mucI IIke u poker LournumenL
LIuL goes on und on LIey couId
sometimes take hours or days to
compIeLe u purcIuse or suIe on
beIuII oI u bIg Iund. As u sIorL
Lerm Lruder, IdenLIIyIng suc-
cessIuIIy wIen u bIg purcIuse
or suIe wus beIng mude und rId-
Ing on LIe couLLuIIs oI LIe order
Is u prohLubIe sLruLegy, buL u bIg
purL oI doIng IL successIuIIy Is
deLermInIng wIen LIe order Is
compIeLe us weII. OLIerwIse you
cun geL cuugIL In u very IusL und
IurIous sudden cIunge In dIrec-
LIon, wILI no sIorL Lerm IIquId-
ILy Lo geL ouL on.
Iuve spenL some deLuII ex-
pIuInIng LIe ubove becuuse on
u mucI Iurger scuIe WuII SLreeL
as a whole has been essentially
IronL runnIng LIe IurgesL coI-
IecLIve buy order LIe US mur-
keLs Iuve ever seen. KnowIng
LIuL LIe ed Ius been comIng
In Lo by $8 bIIIIon In LreusurIes
every monLI, money munugers
Iuve been sLeudIIy buyIng InLo
risky markets at historically
IIgI vuIuuLIons wILI LIe knowI-
edge LIuL LIe money prInLed
wIII provIde u sLrong underIyIng
bid to both the stock and bond
murkeLs.
UnIIke LIe Iund munugers
who try to hide their cards, the
ed Ius been very LrunspurenL
In LeIIIng uII murkeL purLIcIpunLs
LIuL noL onIy were LIey goIng Lo
buy $8 bIIIIon In Junuury, buL
every monLI InLo LIe IuLure un-
LII LIey IeIL LIe underIyIng econ-
omy wus on beLLer ground. TIuL
time has come, but still many
commenLuLors ure suyIng LIuL
LIe currenL LuperIng (InILIuIIy Lo
$; bIIIIon und now Lo $6 bII-
IIon per monLI) Is noL cuusIng
murkeLs Lo pIummeL becuuse
the stimulus was not in fact the
reason markets are where they
ure.
TIey Ignore LIe IucL LIuL $6
bIIIIon u monLI Is sLIII u Iuge
umounL oI buyIng LukIng pIuce.
UsIng LIe meLupIor oI IronL
runnIng, LIe buy order Ius noL
compIeLeIy been hIIed und LIe
solid bid underneath is not yet
uIIowIng LIe boLLom Lo IuII ouL.
However, II LIe LuperIng con-
LInues uL LIe puce LIe ed Ius
gIven guIdunce on, IL wIII noL
be mucI Ionger beIore LIe mosL
enormous buyer LIe US mur-
keLs Ius ever seen wuIks uwuy
Irom LIe LubIe und Ieuves every-
one scrumbIIng Ior LIe doors. L
Ius been u greuL purLy Ior muny
on WuII SLreeL IronL runnIng LIe
ed Ior LIese IusL Iew yeurs, buL
my guess Is LIuL LIe smurL mon-
ey Is uIreudy sIowIy unwIndIng
LIeIr Iurger posILIons on LIe re-
muInIng underIyIng bId Lo LIe
murkeLs beIore movIng onLo
LIeIr nexL bIg Lrude.
nLeresLIngIy LIe M Is
soundIng LIe uIurms LIuL Euro-
peun deuLIonury LIreuLs muy
wurrunL hndIng u IoopIoIe In
LIe Europeun consLILuLIon Lo
uIIow LIem Lo pursue u sImI-
Iur progrum Lo LIe ed`s QE.
Muybe LIe LIme Is soon comIng
Lo IronL run LIe ECB? WIuLev-
er you do, muke sure you Iuve
some proLecLIon Irom LIe end
oI LIe US sLImuIus progrum us
IL Lupers o LIIs yeur. We Iuve
never seen u moneLury experI-
menL on sucI u grund scuIe und
nobody is really sure how this is
goIng Lo end.
David Mayes MBA provides
wealth management servic-
es to expatriates throughout
Southeast Asia, focusing on
UK Pension Transfers. He can
be reached at david.m@fara-
mond.com. Faramond UK is
regulated by the FCA and pro-
vides advice on pensions and
taxation.
FederaI Reserve Board Chairman Ben Bernanke Iistens to opening remarks before testifying at the ]oint Economic Committee
in Washington.
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MIC Approves Hotel and Shopping
Mall Construction
Aye Myat
T
Ie Myunmur n-
vesLmenL Com-
mIssIon (MC) Ius
grunLed permIssIon Lo u
local constructor to build
u compIex comprIsIng u
hve sLur IoLeI, sIoppIng
mall, business centre and
servIced upurLmenLs In
downLown Yungon.
ocuI hrm AdvenLure
Myunmur Tour und n-
cenLIves Co Ld receIved
LIe nod Lo sLurL LIe pro-
jecL on ;-pIus ucres oI
Iund In LIe compound oI
SLuLe DeIense UnIversILy
on SIwedugon Pugodu
Roud In Dugon LownsIIp.
The construction of the
facilities will be carried
ouL In u buIId-operuLe-
LrunsIer (BOT) sysLem.
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mmbiztoday.com
20
Myanmar Opens Airports to Investors
Wanwisa Ngamsangchaikit
T
Iree IocuI uIrIInes Iuve
expressed InLeresL In run-
nIng some oI LIe coun-
Lry`s smuII uIrporLs uccordIng Lo
IocuI medIu reporLs.
AIr Bugun depuLy dIrecLor,
Mu Gruce, wus quoLed us suyIng
that the airline was interested
In InvesLIng In IocuI uIrporLs.
We uIso Iuve usked Lo see LIe
regIsLry oI InLeresL (RO). We
Iuven`L yeL decIded on wIIcI
uIrporL Lo Iocus on.
n uddILIon, AIr KBZ generuI
munuger MyuL TIu suId IIs uIr-
IIne Iud submILLed u proposuI
Lo operuLe HeIo uIrporL.
MeunwIIIe, AsIun WIngs ex-
ecuLIve dIrecLor wIn Moe suId
IIs uIrIIne Iud noL yeL submIL-
Led u proposuI Lo LIe govern-
menL Lo operuLe IocuI uIrporLs.
We ure wuLcIIng LIe busI-
ness, Lo see wIeLIer IL cun brIng
us hnuncIuI benehLs In LIe Iu-
Lure.
TIe uIrporLs LIuL Iuve been
desIgnuLed Ior prIvuLe sec-
Lor munugemenL ure: Bugun-
Nyuung Oo; HeIo; DuweI;
PuLuo; MongIsuL; KuwLIoung;
MyIkyInu; PuLIeIn; MyeIk; Bun-
muw; usIIo; BokpyIn; KuIuy;
Mugwuy; MuwIumyuIng; KunI;
Pukokku; Hpu-un; HomuIIn;
KyuukILu; AInesukIun; oI-
kuw; Ann; Co Co sIund; Mony-
wa; Sittwe; Thandwe; Tachilek;
KengLung; und Kyuukpyu.
None oI LIem ure prohLubIe
and it would take considerable
InvesLmenL Lo brIng LIem up Lo
LIe sLundurd oI uIrporLs In Yun-
gon und MunduIuy. TIey wIII
noL be uIIowed Lo upgrude Lo In-
LernuLIonuI guLewuys.
However, LIe uIrporL uL
TucIIIek wouId be un InLeresL-
Ing prospecL becuuse IL Is very
cIose Lo LIe TIuI border uL Mue
SuI und couId become un Im-
porLunL uIrporL even compeLIng
wILI Mue uI uung nLernu-
LIonuI AIrporL In CIIung RuI II IL
wus uIIowed Lo IundIe InLernu-
LIonuI Lrum c.
BuL even wILI jusL domesLIc
IgIL sLuLus, ILs posILIon geo-
grupIIcuIIy wIII muke IL u pop-
uIur sLurLIng poInL Ior LrIps Lo
oLIer Lowns In Myunmur.
oreIgn InvesLmenL uL uII LIe
uIrporLs IIsLed wIII be IImILed
by LIe IoreIgn InvesLmenL Iuw,
uccordIng Lo LIe DepurLmenL oI
CIvII AvIuLIon.
usL yeur, z; domesLIc uIr-
porLs receIved ,86,zo1 vIsI-
Lors IncreusIng Irom over .
mIIIIon vIsILors In zo1z und jusL
over mIIIIon vIsILors In zo11.
Myunmur AIrwuys, AIr Mun-
duIuy, AIr KBZ, GoIden Myun-
mur AIrIIne, Yungon AIrwuys,
AIr Bugun und AsIu WIngs ure
LIe seven domesLIc uIrIInes LIuL
y Lo z; desLInuLIons ucross
Myunmur.
Myanmar Summary
A man waIks past in front of the arrivaI area of Nyaung Uo Airport in Bagan. The government has invited investors to upgrade
some of the local airports in Myanmar.
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_._~...._~:... , .._
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.:.- .~..e:_..~.:.~q .q
._.
Air Bagan - .,_~:..q...
..q.~ Air Bagan ~.,_e
registry of interest (ROI) ~:. .q
.:q, .~: .. . _. . ._ ._ ... .
~:. ~:,.~....:.:.q._~
.. ._ e~ q...._ ~:. ._ .:_ ~:..
._.
~_. Air KBZ - ~.
..,.,:_e.. ._.~.~ Air
KBZ ~.,_e ee.....~:.
..: q ~ . :. q, ~~ ~ ~. _.
.. :~ :.. ~. . ~ _ . . . :..
._~: . ._.:_~:.. ._ .Asian Wings
- ~...:.|,~~: ....~
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~......:.~:. .....:q~
. :.q,~~~ ~..q. ~._.
..:~:..~ ._...q...._~:.
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.:.q,~~~ .::...:....
.:..: .._:. ee. :.~e
.~:~ .~:..:. _.._~.,:.
... _.~ -,...: .:.,.~.q._
.....:. .|~._~:. .q._.
~..|.....:.~.,_e~_.~~
.,..q..:._~: q,~,......q
... . .:.~ . _ e. .:q, ~~ ~
q .. ._. . . . :.q, . : . ..:.q._
~.~~.._e.eeq._.
Open Tender: Ministry of Energy
T
Ie Myunmu OII und Gus
EnLerprIse (MOGE) un-
der LIe MInIsLry oI En-
ergy Ius InvILed un open Lender
Lo purcIuse LIe IoIIowIng ILems
In boLI USD und KyuL.
Tender forms went on sale
Irom ebruury z. Tender up-
pIIcuLIons Iuve Lo be submIL-
Led In person und no IuLer LIun
q:opm on MurcI Lo Om ce
BuIIdIng No.qq, MuLerIuIs PIun-
nIng DepurLmenL, Myunmu OII
und Gus EnLerprIse, Nuy PyI
Tuw. More InIormuLIon cun
be obLuIned by pIone uL: +q
(o)6;-q11oq; und +q (o)6;-
q11zo6.
Myanmar Summary
New SIZ Luw OHers Tux Incentives
for Investors
T
Ie governmenL Ius re-
cenLIy pussed u SpecIuI
EconomIc Zone (SEZ)
uw LIuL IncIudes severuI Lux
IncenLIves Ior InvesLors.
PresIdenL U TIeIn SeIn sIgned
u proposed bIII InLo LIe Iuw on
Junuury z, sLuLe-run medIu re-
porLed.
The new law allows income
Lux exempLIons Ior up Lo seven
yeurs Ior IocuI und IoreIgn In-
vesLors und up Lo eIgIL yeurs Ior
consLrucLors In LIe exempLIon
ureus.
BusInesses LIuL operuLe In
promoLIon zones ure uIso uI-
Iowed Lux exempLIons Lo vury-
Ing degrees. TIey ure exempLed
Irom cusLoms duLIes on ImporL-
ed machinery and materials to
be used Ior buIIdIng InIrusLruc-
Lure wILIIn u hve yeur perIod.
An SEZ munugemenL commIL-
Lee wIII be responsIbIe Ior seL-
LIng wuge IeveIs und monILorIng
LIe ruLIo oI IocuI und IoreIgn
Iubours. ocuI skIIIed Iubour
sIouId comprIse uL IeusL z per-
cent of the total workforce in
Aye Myat LIe hrsL yeur, o percenL In LIe
second yeur und ; percenL In
LIe LIIrd yeur, uccordIng Lo LIe
Iuw.
TIe Iuw uIso sLIpuIuLes LIuL
dIspuLes In SEZs ure Lo be seL-
LIed In u IrIendIy munner reIer-
rIng Lo orIgInuI conLrucLs und
exIsLIng Iuws.
DuweI SpecIuI EconomIc Zone
uw und Myunmur SpecIuI Eco-
nomIc Zone uw (zo11) Iuve
been revoked LIrougI LIe puss-
Ing oI LIe new Iuw. However,
noLIces, InsLrucLIons und proce-
dures reIuLIng Lo Myunmur Spe-
cIuI EconomIc Zone uw (zo11)
will be maintained if they do not
oppose LIe newIy pussed Iuw.
Myunmur currenLIy Ius LIree
SEZs - KyuukpIyu, DuweI und
TIIIuwu. AccordIng Lo LIe new
Iuw, new zones wIII be esLub-
IIsIed bused on eIgIL crILerIu
sucI us beIng uccessIbIe Lo LIe
InLernuLIonuI borders or Io-
cuI murkeLs; beIng u purL oI
LIe regIonuI deveIopmenL pro-
grumme ureu; und IuvIng wu-
ter resources, electricity and
enougI Iund.
Myanmar Summary
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.,_._.~:q _.,.:.q,. .:~
.:~...,. ~,_~..~ee.q.
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q..._.....:.~~~ ~.:~
~~_...._ ~.~:~.,..:..|.
.:..|~._ ~....:..q.~,...
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:._ . . ..:~ . . .q.. . , .. :.
~~~ ..~:._....:.._~:.
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~:. ~ _._ ~ . q ~q_~..q._
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.,.~~.._..:..__e.~:.~e
..~~q:..,.. ~~e..~
q:. . , .~ ~. ._ . . :.q._
_e.._~:. e....~q .q._.
mmbiztoday.com
21
Myanmar Summary
Myanmars New Stock Exchange: Starting Point
I
L Is now expecLed LIuL
Myunmur wIII open
LIe SLock ExcIunge
In OcLober zo1 und LIe
perIod oI zo monLIs
from now is not such a
Iong roud Lo go. L muy
be worLI IeurnIng Irom
LIe experIences Irom LIe
stock markets from the
neIgIbourIng counLrIes.
TIe hrsL TIuIIund sLock
excIunge cun be Lruced
us Iur us 1q6, wIen u
prIvuLe group Iormed u
IImILed compuny numeIy
Bungkok SLock ExcIunge
Compuny ImILed (BEC).
DespILe ILs weII-InLended
moves Irom prIvuLe sec-
Lors, LrudIng on LIe BSE
wus very mInImuI wIIIe
Iuck oI governmenL sup-
porL und InudequuLe In-
vesLor undersLundIng oI
LIe equILy murkeL.
TIe SecurILIes ExcIunge
oI TIuIIund (SET) wus
opened ILs LrudIng oor
und IuuncIed ILs hrsL
LrudIng In AprII 1q;, IoI-
Iowed by LIe promuIgu-
tion of the Securities and
ExcIunge AcL oI 1qqz. n
LIe hrsL decude, LIe SET
resources Iud been uI-
IocuLed Lo supervIsIon us
weII us enIorcemenL uc-
LIons uguInsL mIsconducLs
of intermediates, market
munIpuIuLIon, InsIder
LrudIng, uccounL Iruud,
and unlicensed securities
busInesses - LIIs conLIn-
ued In yeurs Lo come. n
zo1, SET`s uveruge Lurn-
over wus $ z bIIIIon.
uo SLock ExcIunge or
SX wus IuuncIed In Jun-
uury zo11 wILI LIe IeIp
oI LIe SET und LIe Ko-
reun ExcIunge oI SouLI
Korea or KRX who holds
qq percenL oI sIures In
LIe SX operuLIng com-
puny wIIIe LIe CumbodIu
SLock ExcIunge or CSX
wus opened Ior LrudIng In
AprII zo1z. ED Generu-
LIon PIc und Bunque pour
Ie Commerce ExLerIeur
ou ure Lwo IIsLed com-
Chulapong Yukate
punIes In ou uL presence
wILI LIe voIume oI duIIy
LrudIng oI 8o,ooo sIures
wIIIe LIe CumbodIu Se-
curILIes ExcIunge or CSX
Ius onIy one IIsLed com-
puny - PInom PenI Wu-
Ler SuppIy ImILed. On
un uveruge duy, LIe com-
bIned LrudIng Lurnover oI
the LSX and the CSX is
uround $16o,ooo u duy.
or LIe SX, LIe non-
undersLundIng oI LIe
compuny owners Lo reveuI
LIeIr hnuncIuI sLuLemenLs
Lo LIe pubIIc seems Lo be
one oI LIe mujor IurdIes.
CSX faces the similar
probIems us mosL com-
punIes do noL undersLund
LIe process oI ruIsIng
Iunds LIrougI LIe sLock
murkeL.
or Myunmur, LIe com-
puny numeIy Myunmur
SecurILIes ExcIunge Cen-
Lre Co Ld (MSEC) Ius
been established under
LIe joInL ownersIIp oI
Myunmur EconomIc Bunk
and Daiwa Institute of
ReseurcI Ld oI Jupun.
MSEC ussIsLs compunIes
In goIng pubIIc, IeIpIng
InvesLors In securILIes
InvesLmenL, ucLIng us un
intermediary in securities
LrudIng, muInLuInIng IuIr
und em cIenL murkeL Ior
shares and bonds, as well
us udvIsIng IoreIgn Iunds
enLerIng InLo Myunmur.
TIus LIe ucLIvILIes oI LIe
MSEC ure brokerIng, un-
derwrILIng und dIsLrIbuL-
Ing securILIes, pubIIsIIng
InvesLmenL InIormuLIon,
provIdIng consuILuncy
servIces, munugIng ven-
Lure cupILuI Iund und uny
oLIer ucLIvILIes reIuLed Lo
LIese ucLIvILIes.
n uddILIon, LIe MInIs-
Lry oI Inunce, wIo wIII
supervIse LIe SLock Ex-
cIunge, Is now prepur-
Ing ruIes und reguIuLIons
Ior LIe IIsLIng. NeverLIe-
less there is still the lack
oI undersLundIng Irom
LIe munugemenL und LIe
owners oI compunIes und
other authorities about
ImporLunL IucLors con-
LrIbuLIng Lo LIe success oI
u sLock murkeL. SucI Iuc-
Lors ure Ior exumpIe LIe
reIIubIe uccounLIng sLund-
ard, the disclosures of the
hnuncIuI InIormuLIon Lo
LIe pubIIc us weII us LIe
good corporuLe govern-
unce.
eurnIng Irom LIe ex-
perIences oI LIe neIgI-
bourIng counLrIes, IL cun
Column: Doing Business in Myanmar
be seen that the success
oI LIe SLock ExcIunge In
Myunmur wIII need noL
onIy proper Iuws und reg-
uIuLIons In pIuce buL uIso
udequuLe undersLundIng
oI LIe equILy murkeL.
Chulapong Yukate is
the Chairman of Myan-
mar Advisory Limited
and can be contacted at
chulapong3@gmail.com.
Staff of Cambodia Securities Exchange (CSX) test the computer system during a mock trading session at Canadia Tower in Phnom Penh. Not
discIosing nanciaI statements and not understanding the process of raising funds through the stock market have been major hurdIes for
companies in Cambodia and Iaos, and Myanmar`s upcoming stock exchange might face the same fate.
S
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~~ ... .~:~~:.
~ ..~:~..,.~..~ e
. . ~_ .: . :.. q, ~~ ~
_ ., .:. . .. : . , .:._ . .
e.~.,.._ ..~:~..,.
e..q,~~~ ...|. ~
.: ..~:._. ~.,...
. .:.-..~: ...~ ~ .
.~ .~ ._ ~.~ ~_~ .~: .
.:.~:. ...:.....:.q,
.~..,._.
..~ ..~:~..,.
~:. ~', ...~ ~_
.:._.. ,.~:~..~:
~ . . , .~ . ~ . . ~~ (BEC)
~:. e ._ .. ._ ~. , ._ ._e.
._ . . . . ~_.:.. ~.:.
~.:.~:..:._e..:q~
. . ..: ._. , .~:~ ..~:
~..,..: ~..q- .:~.
~ _ . .q _ . .. ..~: .. .
~~~:. ..:..|~,:.._
._ q .. ._. . . . .:.. ..:~
.:.q_..._~:. ..~:~.
. , .. : ~,_ .~~ ..:..:
q ~ . . ._ . Securi ti es
Exchange of Thailand (SET)
. ,.-..... ..,.
qee:~.q:.~~e~.~:.
~ ...~ .~..:
q~.._.
.:~ ..~: ~ . . , .~:.
(LSX) ~~~ ... ~,,~|q.
~ .~e....:q~._..
SET . KRX . ~~~_
.:.~ qe.~: LSX ~
KRX . qee: , q:..,.
~ ...._.
mmbiztoday.com
22
Myanmar Summary
Contd. P 23...
Enabling Sustainable Value Chains in
Asias Apparel Frontier
Part III: Riding the power of total resource productivity
Maximilian Martin
E
conomIc progress over
LIe pusL LIree Iundred
yeurs Ius been drIven by
u IIneur IogIc: economIc growLI
IurgeIy resuILs us u IuncLIon oI
one-LIme use oI uddILIonuI Iuc-
Lors oI producLIon. TIIs modeI
served IumunILy weII unLII LIe
mId-LwenLIeLI cenLury, wIen
LIe hnILe nuLure oI resources
und LIe ImpucL oI Iumun uc-
LIvILy on LIe pIuneL cume Lo LIe
IoreIronL. ookIng uIeud, esLI-
muLes IndIcuLe LIuL Irom zo1o
Lo zoz, gIobuI Iood cuIorIc
consumpLIon couId Increuse
by zq percenL, Iood spendIng
by ; percenL, puckugIng by q;
percenL, und end-oI-IIIe muLe-
rIuIs by q1 percenL. WIuL LIIs
LrujecLory meuns Ior LIe currenL
popuIuLIon growLI scenurIo oI q
bIIIIon by zoo Is noL promIs-
Ing, buL IL wIII mosL IIkeIy meun
good news Ior resIdenLs oI My-
unmur, u counLry LIuL Is ubun-
dant in natural resources and
neur unIversuIIy Ius LIe IowesL
popuIuLIon densILy oI ILs neIgI-
bours (8o peopIe per squure kII-
ometre of land area; only Laos
Ius u Iower popuIuLIon densILy
wILI zo peopIe per squure km).
The circulor economg mog
be ar ound the cor ner
ProducLIon In u vurIeLy oI In-
dusLrIes Is now gruduuIIy sIIIL-
Ing Lo u cIrcuIur modeI, Irom
crudIe Lo crudIe InsLeud oI cru-
Part III of the series on creating sustainable apparel value chains explains the possibilities of greater total resource productivity and transpar-
ency across the supply chain in a world gradually heading toward a circular economy where resources are reused.
dIe Lo gruve, us u response Lo
growIng resource scurcILy. TIIs
meuns LIuL uLLenLIon Is In-
creusIngIy IocusIng on LIe Lo-
LuI resource producLIvILy oI LIe
IucLors oI producLIon LIrougI
muLerIuIs, producL und process
InnovuLIon, und LIe uvoIdunce
oI unnecessury wusLe (eg In
puckugIng, us weII us LIe reuse
oI wusLe und exLensIon oI LIe
IIIespun oI producLs). NoL onIy
wouId LIIs Improve LIe Indus-
Lry`s envIronmenLuI IooLprInL,
IL wouId uIso uIIow Ior greuLer
resource Independence.
TIe LexLIIe und gurmenL In-
dustry is traditionally known as
beIng energy-InLensIve wILI u
Ieuvy envIronmenLuI IooLprInL.
TIe currenL modeI Ior LIe In-
dustry is similarly structured so
that raw materials are utilised
Lo munuIucLure goods LIuL ure
then sold, used, and discarded
us wusLe. TIe udvenL oI IusL
IusIIon Ius Ied Lo even greuLer
LIrougIpuL oI resources vIu up-
pureI vuIue cIuIns, und Lwo new
cIrcuIur modeIs ure now guInIng
LrucLIon us u resuIL: opLImIsIng
end-oI-use by ruIsIng coIIecLIon
ruLes und recycIIng, und ex-
perImenLIng wILI wuys Lo Iuve
cIoLIes cIrcIe Ionger vIu coIIubo-
ruLIve consumpLIon modeIs.
WIIIe LIese InnovuLIons wIII
no doubL gruduuIIy run LIeIr
course, LIere Is u Iower IungIng
IruIL Ior LIe uppureI IndusLry
In Myunmur: rudIcuIIy greuLer
resource em cIency In LIe pro-
ducLIon process. A redesIgn oI
uppureI producLIon processes,
puIred wILI beLLer InIrusLruc-
Lure und LruInIng cun suve up
Lo zo percenL In cIemIcuI In-
puLs, one-LIIrd oI energy, und
up Lo o percenL oI wuLer, wIIIe
uL LIe sume LIme provIdIng LIe
economIc IounduLIons Ior Iu-
mune workIng condILIons und
un Improved envIronmenLuI
IooLprInL.
TIe new reporL reIeused by
mpucL Economy - u gIobuI
ImpucL InvesLmenL und sLruL-
egy hrm - LILIed CreuLIng Sus-
LuInubIe AppureI VuIue CIuIns
provIdes un evIdence-bused
ussessmenL oI LIe prospecL oI
susLuInubIe LexLIIe und gurmenL
vuIue cIuIns und LIe Ievers
needed for sustainable industry
LrunsIormuLIon, IncIudIng LIe
Iever oI LoLuI resource produc-
LIvILy.
Leorn from hest proctice
pr oducer s
To geL u sense oI wIuL Is pos-
sIbIe In Lerms oI envIronmen-
LuI perIormunce und resource
producLIvILy, consIder Mus
HoIdIngs In SrI unku. OperuL-
Ing under LIe moLLo cIunge Is
couruge, Mus HoIdIngs Is LIe
IurgesL uppureI und IooLweur
compuny In SrI unku. TIe
hrm Is prohLubIe und Iocused
on susLuInubIIILy, em cIency, us
weII us Iow envIronmenLuI Im-
pucL. Mus HoIdIngs` Lop IucLory
Is LIe EED PIuLInum cerLIhed
Mus nLImuLes TIuruIIe IucLory,
u 1o,ooo squure meLre IucIIILy
wILI 1,oo empIoyees LIuL cosL
$z.66 mIIIIon Lo buIId (or z
percenL more LIun convenLIonuI
IucLorIes In SrI unku). Key Ieu-
Lures IncIuded In LIe consLruc-
tion of the factory:
PussIve desIgn reduces IeuL
Iouds; em cIenL evuporuLIve
cooIIng equIpmenL muIn-
LuIns un Indoor Lemperu-
Lure oI z; Lo zq.C (com-
pured wILI Lo 6C In
un uveruge IucLory), wIIIe
consumIng onIy z percenL
oI LIe cooIIng energy oI un
uveruge IucLory.
Trees pIunLed uround LIe
buIIdIng ensure sIudIng oI
LIe buIIdIng und grounds
und keep LIe buIIdIng un
esLImuLed 1 Lo zC cooIer.
A thermal roof load, the
IurgesL conLrIbuLor Lo IeuL
guIn und Indoor dIscomIorL
In LIe LropIcs, Is conLroIIed
by u combInuLIon oI green
rooIs, pIoLovoILuIc rooIs,
und cooI rooIs. Green rooIs
cover 1,;; squure meLres
oI LIe buIIdIng. TIey ure
installed on concrete decks
over sIorL spun spuces In
LIe udmInIsLruLIve wIng.
Covered wILI LurI und
pIunLs, LIe IIgI LIermuI
mass of this roof absorbs
IeuL wILIouL LrunsmILLIng IL
InLo LIe buIIdIng. TIe cooI
rooI Is u IIgILweIgIL meLuI
rooI ussembIy over LIe Iong
spun producLIon IuIIs. TIe
white metal, with a solar
reecLIvILy Index oI ;q, re-
ecLs neurIy 8o percenL oI
LIe soIur energy LIuL reucI-
es LIe rooI.
TIe energy sources ure pIo-
LovoILuIc und IydroeIecLrIc
While these innovations will no doubt
gradually run their course,
there is a lower hanging fruit for
the apparel industry in Myanmar:
radically greater resource
efficiency in the production process.
Contd. P 23...
A woman works at a garment factory of HIaingtharyar IndustriaI Zone in Yangon, Myanmar.
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.q.~.~~.~:. linear logic _e
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.:. ~~, ~.~ _e .: qq .:. _. .
. ..:.~-_....:.._~: ~.:
_ ~ .~ .~ .q:~ . .:. q .:._
~.~ .:..q ~, .. .q:~ ..:. ~
~,~...~ ~_.:...:~.~
.:.~:. ,.~..:q~.._. .,
.,.~~.~..:.~q ~~~ ....
~ ...~ ~e.q.~,e..:
, q:..,.~ ~.~~.:._e
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e. .~ q . ..q. :._ . ~~ ~
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._ . ~q .~_.. .:. . . q :..|..:.
._~: ~_~....~ ~...
.:.._ e. ~.| ~. ._._. . ~ ~ ,
.:.~:. ~.._._ ~..~.e,_.,
._ ~ e . .:.~ _.. . .:_~._ .
~.~~ _~__..~:._e ..~.
._ _., .~ .. .:.~ .q : q :._. . ~q .
~_.. .:.- ~ . . . . ~..'~ . .
~:, . ~ .:._ ~ .~ _. .:q._ .
. _ . . ~_ ~. . . . , .. :
. . .~ ~._._. . . ,.~. . _e. _. .
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mmbiztoday.com
23
From page zz...
power, wIIcI ure renewu-
bIe und curbon neuLruI. TIe
rooILop pIoLovoILuIc sys-
Lem covers Len percenL oI
LIe pIunL`s power needs und
Ius un ouLpuL oI z.6 kIIo-
wuLLs. A smuII IydroeIecLrIc
power pIunL connecLed Lo
LIe pubIIc grId provIdes LIe
oLIer nIneLy percenL oI LIe
IucLory`s power.
SmurL IIgILIng Is used us
weII. Work ureus ure IIIu-
mInuLed wILI Lusk IIgILIng
- IIgI-em cIency
T Lubes und ED Iumps
mounLed on LIe sewIng
mucIInes - IocusIng LIe
correcL umounL oI IIgIL Ior
needIepoInL. TIIs sysLem
requires about half the
normuI number oI IIgIL
hxLures. DesIgn opLImIses
nuLuruI IIgIL use.
SewIng mucIInes wILI
dIrecL-drIve servo-moLors
were cIosen Ior energy eI-
hcIency, yIeIdIng u 1 Lo o
percenL reducLIon In energy
use cuused by sewIng.
Every drop oI wuLer LIuL
enters the site is carefully
munuged LIougI ruIn wuLer
cuLcI sysLems. Consump-
LIon oI poLubIe wuLer Is
ubouL IuII LIuL oI compuru-
bIe pIunLs.
GeneruLed energy Irom so-
Iur und Iydro power noL
used by LIe IucLory on IoII-
days and weekends is sold
buck InLo LIe muIn power
grId oI SrI unku.
Addi ng up two and two
Enormous vuIue-creuLIon op-
porLunILIes ure wuILIng Lo be
Lupped - opporLunILIes LIuL wIII
provIde LIe economIc und so-
cIuI busIs Ior cIungIng busIness
us usuuI, wIIIe keepIng LIe en-
vIronmenL InLucL. TIIs Is good
news. Myunmur`s envIronmen-
LuI proLecLIon IegIsIuLIon covers
uIr, Iund und wuLer poIIuLIon,
und envIronmenLuI degrudu-
LIon reguIuLIons IncIude Indus-
LrIuI wusLe wuLer und sewuge
und uppIy Lo uII consLrucLIon
und InvesLmenLs In LIe coun-
Lry. TIe one cIuIIenge, LIougI,
Is enIorcemenL. Moreover, LIe
sIorLuges und unreIIubIIILy oI
LIe suppIy oI eIecLrIcILy Ius
been a serious obstacle for the
gurmenL secLor In recenL yeurs,
uccordIng Lo u sLudy by LIe
Jupunese nsLILuLe oI DeveIop-
Ing EconomIes. OpLImIsed re-
source producLIvILy cun provIde
u powerIuI boosL - wuLer muy
be ubundunL, buL energy und
cIemIcuIs boLI poIIuLe und cosL
money.
A sysLemIc upproucI LIuL
puIIs LIe Ievers IdenLIhed In LIe
reporL Is crILIcuI, buL LruIy Iev-
erugIng LIIs opporLunILy In My-
unmur wIII uIso requIre InvesL-
ment, which is the focus of the
A redesign of apparel production process-
es, paired with better infrastructure and
training can save up to 20 percent in chemi-
cal inputs, one-third of energy, and up to
50 percent of water, while at the same time
providing the economic foundations for hu-
mane working conditions and an improved
environmental footprint.
hnuI posL In LIIs serIes.
About the author
Dr Maximilian Martin is the
Founder and Global Managing
Director of Impact Economy.
He also serves as Founding
Faculty in Residence at Ashoka
U and Lecturer in Social En-
trepreneurship at the Univer-
sity of St. Gallen. He previously
served as founding global head
and managing director of UBS
Philanthropy Services, head of
research at the Schwab Foun-
dation, senior consultant with
McKinsey & Company, instruc-
tor at Harvards Economics
Department, and fellow at the
Center for Public Leadership,
Harvard Kennedy School. He
holds an MA in anthropol-
ogy from Indiana University,
Workers from Myanmar`s Mon State work at a smaII factory in SangkhIaburi, on the ThaiIand`s side of the border.
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From page zz...
Acleda Eyes $11m Loan
Portfolio in Myanmar
C
umbodIu-bused mIcro-
hnunce hrm ACEDA
uIms Lo boosL ILs Myun-
mur operuLIon by seLLIng up
more bruncIes und IncreusIng
ILs Ioun porLIoIIo LIIs yeur us LIe
demund Ior hnuncIuI servIces
In LIe once-sIunned counLry
rIses, u Lop execuLIve Ius suId.
By LIe end oI zo1q, ACEDA
M Myunmur (AMM) Co Ld,
u wIoIIy-owned subsIdIury oI
ACEDA Bunk PIc, uIms Lo
Iuve 18 bruncIes In Myunmur,
wILI $11 mIIIIon In ouLsLund-
Htet Aung Ing Iouns, n CIunny, CEO oI
ACEDA, wus quoLed us suyIng
In CumbodIun medIu reporLs.
AMM`s ouLsLundIng Iouns
IusL yeur reucIed $z.6 mIIIIon,
$8oo,ooo more LIun LIe orIgI-
nuI IorecusL mude wIen LIe hrm
sLurLed ILs operuLIons In Myun-
mur IusL MurcI.
AMM sLurLed wILI u puId-up
cupILuI oI $1o mIIIIon, und us oI
end zo1 IL Ius sIx bruncIes In
Myunmur, wILI om ces In Yun-
gon und Bugo.
ceIved LIe InvILuLIon buL sounded cuuLIon suyIng wIIIe IL Iopes
Lo Iuve u successIuI concIusIon Lo LIe negoLIuLIon wILI LIe DCA,
LIIs InvILuLIon Lo negoLIuLe wILI LIe DCA muy or muy noL con-
cIude successIuIIy.
TIe compuny wIII provIde upduLes us und wIen LIere ure Iur-
LIer deveIopmenLs Lo LIe negoLIuLIon wILI LIe DCA.
From page ...(Myanmar Recalls)
From page ...(Myanmar Recalls)
.q...:q~....: ~,_~...._.
.:.~:. ~.._._ ~,..:~_e.
~ . . _. . .q: ... _._. . ~. ._._. .
.,:~ .,...~._ ..q.,._.
~q .~_.. .:. q :..|..:._ ~~ ~
~q . ~_ .. .:. ~:. ~.~: . . .
~.._._.. ~..~.e,_.,._~
....:.~~~._. ~:,.~..
..:.:_~._.
_., .:. ._ .e ~:~..|.:.
_~e~..: .~.._e._.. ~,~
..,..:.~~~._. ~,~.q~
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~_~....,..:. ..~.~~
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_.,._.q..:.._ ~...
. . , .. ~ . . .~: .. , ..:~._..
~..:~~~.:.. .:~~.._.q.
~ q:..,. ...~...~...
.q~. ._.. ~ ~ q:. . , .~ ..~:
.:. ._ _e.._ . ~_ . ~. .
..:..:. ~....~..:q~q
._~._.~.,.:.. .:~.~~,.
~~..' ~...:.._~.~.:.
~.~~.:..q,~~~._. ..:
q~.:.q._._e.._. .:~.~
~, .~ . ~ .~ . .. .:.~ ~~~ .
..~:~e.:.q,. ~q.~_...:.
- ~ . . . . ~ ~.~: .. .~. ..
.q,~~~ _~ .....:.q._._.
_e.._.
a MPA from Harvard Univer-
sity, and a Ph.D. in economic
anthropology from the Univer-
sity of Hamburg.
Myanmar Summary
.|~.qq._..,.~_e. .q ..e . _. .e. ~ ~:.. _~ .~:.~q ~_e.
:.q.._~:. .q._.
~..q~.,_e e.:~~ ......_~.~:. .q.._ ~ .,.~
~,..:.... . q, .. q ..: ._ . Incheon . .q.._ ~~ .,..,~.:
~,..:......_......~:.~_..:~q,~~~~. _.. ._e e
. ~ . ~q ~_e. :.q ._...:..q.~~:.._~.~:.........:._...q,
. . _. ._e. ._~: .. ..: .q.~, _~ ._:,.~:~,q.~..~,~~:.~.
_:,. ._.:_~:..._.
~..:..e:.~._..~ ......
, ._e. ._ ACLEDA ._ . . , .
..:.~:. ..~_.:_.. e...~
...........q,_~...._ _.,.:
. ~ .. . , ...: q ~ . .:.~
~q,~e,_.~.:.q,q_qe:.
._~:. .q._.
_.,.:.~ _:.q.~,..:.
.:.~:. . ~. . . . _ . .:..:._
~~ ~ e. ~ . . . , ..:.~ ~q ,
~e , _. ~ ~: ..: q ~ . :.._e
q_qe:._.._e.._~:. .~,.
~...:~..~ ._.:_~:..._.
mmbiztoday.com
24
INTERNAT
INTERNATIONAL AND DOMESTIC FLIGHT SCHEDULE
Fliggh htss ffroom Yanggon (RGNN) to Bangkok ((BKK) Fliggh htss ffroom Banggkok (BKKK) to Yaangon (RGN)
Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by:
PG 706 1 2 3 4 5 6 7 RGN BKK 7:15 9:30 Bangkok Airways DD4230 1 2 3 4 5 6 7 DMK RGN 06:30 07:55 NOK Airlines
DD4231 1 2 3 4 5 6 7 RGN DMK 8:00 9:45 NOK Airlines 8M336 1 2 3 4 5 6 7 BKK RGN 6:40 7:25 MAI
FD2752 1 2 3 4 5 6 7 RGN DMK 8:30 10:15 Thai AirAsia FD2751 1 2 3 4 5 6 7 DMK RGN 7:15 8:00 Thai AirAsia
8M335 1 2 3 4 5 6 7 RGN BKK 8:40 10:25 MAI TG303 1 2 3 4 5 6 7 BKK RGN 8:00 8:45 Thai Airways
TG304 1 2 3 4 5 6 7 RGN BKK 9:50 11:45 Thai Airways PG701 1 2 3 4 5 6 7 BKK RGN 8:50 9:40 Bangkok Airways
PG702 1 2 3 4 5 6 7 RGN BKK 10:45 12:40 Bangkok Airways FD2755 1 2 3 4 5 6 7 DMK RGN 11:35 12:20 Thai AirAsia
Y5-237 1 2 3 4 5 6 7 RGN BKK 18:05 19:50 Golden Myanmar Airlines PG707 1 2 3 4 5 6 7 BKK RGN 13:40 14:30 Bangkok Airways
TG302 1 2 3 4 5 6 7 RGN BKK 14:45 16:40 Thai Airways Y5-238 1 2 3 4 5 6 7 BKK RGN 21:10 21:55 Golden Myanmar Airlines
PG703 1 2 3 4 5 6 7 RGN BKK 15:20 17:15 Bangkok Airways FD2753 1 2 3 4 5 6 7 DMK RGN 16:35 17:20 Thai AirAsia
8M331 1 2 3 4 5 6 7 RGN BKK 16:30 18:15 MAI PG703 1 2 3 4 5 6 7 BKK RGN 16:45 17:35 Bangkok Airways
FD2754 1 2 3 4 5 6 7 RGN DMK 17:50 19:35 Thai AirAsia TG305 1 2 3 4 5 6 7 BKK RGN 17:55 18:40 Thai Airways
PG704 1 2 3 4 5 6 7 RGN BKK 18:25 20:20 Bangkok Airways DD4238 1 2 3 4 5 6 7 BKK RGN 19:30 20:15 NOK Airlines
TG306 1 2 3 4 5 6 7 RGN BKK 19:40 21:35 Thai Airways 8M332 1 2 3 4 5 6 7 BKK RGN 19:20 20:05 MAI
DD4239 1 2 3 4 5 6 7 RGN DMK 21:00 22:45 NOK Airlines PG705 1 2 3 4 5 6 7 BKK RGN 20:00 21:15 Bangkok Airways
FFliggh htss ffroom m Yangoon (RGN)) to Chiaang Maii (CNX) FFliggh htss ffroom m Chiangg Mai (CCNX) to YYangon (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
Flligghtss ffroom Yanggon (RGNN) to Sinngapore (SIN) Flligghtss ffroom Singaapore (SIN) to Yangon ((RGN)
Y5-233 1 2 3 4 5 6 7 RGN SIN 10:10 14:40 Golden Myanmar Airlines Y5-234 1 2 3 4 5 6 7 SIN RGN 15:35 17:05 Golden Myanmar Airlines
MI509 1 6 RGN SIN 0:25 5;00 SilkAir SQ998 1 2 3 4 5 6 7 SIN RGN 7:55 9:20 Singapore Airline
8M231 1 2 3 4 5 6 7 RGN SIN 8:30 13:00 MAI 8M6231/3K585 1 3 4 5 6 SIN RGN 9:10 10:40 Jetstar Asia
SQ997 1 2 3 4 5 6 7 RGN SIN 10:25 14:45 Singapore Airline 8M232 1 2 3 4 5 6 7 SIN RGN 14:10 15:40 MAI
8M6232/3K586 1 3 4 5 6 RGN SIN 11:30 16:05 Jetstar Asia MI518 1 2 3 4 5 6 7 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 2 3 4 5 RGN SIN 17:10 21:35 TigerAir TR2826 2 3 4 5 SIN RGN 15:00 16:30 TigerAir
MI517 1 2 3 4 5 6 7 RGN SIN 16:40 21:15 SilkAir MI520 5 7 SIN RGN 22:10 23:35 SilkAir
FFliightts frromm Yangonn (RGN) tto Kualaa Lumpuur (KUL) Fligghtts frro om m Kuala LLumpur (KUL)too Yangonn (RGN)
AK1427 1 2 3 4 5 6 7 RGN KUL 8:30 12:50 AirAsia AK1426 1 2 3 4 5 6 7 KUL RGN 6:55 8:00 AirAsia
8M501 1 2 3 4 5 6 7 RGN KUL 8:55 12:55 MAI MH740 1 2 3 4 5 6 7 KUL RGN 10:05 11:15 Malaysia Airlines
MH741 1 2 3 4 5 6 7 RGN KUL 12:15 16:30 Malaysia Airlines 8M502 1 2 3 4 5 6 7 KUL RGN 14:00 15:00 MAI
Fligghtts frrom Yanngon (RGGN) to HHanoi (HHAN) Fligghtts frrom Hannoi (HANN) to Yanngon (RRGN)
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
Flliggh htss ffroom m Yangon (RGN) to Ho CChi Minhh (SGN) Flliggh htss ffroom m Ho Chii Minh (SSGN) to Yangonn (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
Flligghtss ffrom Yanngon (RGGN) to TTaipei (TTPE) Flligghtss ffrom Taipei (TPEE) to Yanngon (RGN)
CI7916 1 2 3 4 5 6 RGN TPE 10:50 16:10 China Airline CI7915 1 2 3 4 5 6 7 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
Flliggh htss ffroom Yanggon (RGNN) to Kunming(KMG) Flliggh htss ffroom Kunmming(KMMG) 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 1 2 3 4 5 6 7 RGN KMG 14:40 17:55 China Eastern MU2031 1 2 3 4 5 6 7 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)
Flligghtss from Yanngon (RGGN) to BBeijing (BJS) Flligghtss from Beijjing (BJSS) to Yanngon (RRGN)
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)
Fliggh htss ffroom Yanggon (RGNN) to Naanning (NNG) Fliggh htss ffroom Nannning (NNNG) to Yaangon ((RGN)
MU2012 3 6 RGN NNG 12:20 16:25 China Eastern MU2011 3 6 NNG RGN 10:15 11:30 China Eastern
FFliggh htss ffroom m Yangoon (RGN)) to Honng Kong (HKG) HHonng g KKo ong (HKG) Flights from Yaangon ((RGN)
KA251 1 2 4 6 RGN HKG 1:10 5:35 Dragon Air KA250 1 3 5 7 HKG RGN 21:50 23:45 Dragon Air
Flliggh htss ffroom m Yangon (RGN) to Guanng Zhouu (CAN) Flliggh htss ffroom m Guang Zhou (CCAN) to Yangonn (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
FFlighhts ffroom Yanggon (RGN) to Koolkata (CCCU) FFlighhts ffroom Kolkkata (CCUU) to Yaangon (RRGN)
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)
Fliggh htss ffrom Yanngon (RGGN) to GGaya (GAAY) Fliggh htss ffrom Gayya (GAY) to Yanngon (RGGN)
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
Fligghtts frrom Yanngon (RGGN) to TTokyo (NNRT) FFliightts frrom Tokkyo (NRTT) to Yaangon (RRGN)
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
FFliggh htss ffrom Yanngon (RGGN) to SSeoul (ICCN) FFliggh htss ffrom Seooul (ICN)) to Yanngon (RGGN)
KE472 1 3 5 7 RGN ICN 0:05 8:00 Korean Air KE471 1 2 3 4 5 6 7 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
Flligghtss ffrom Yanngon (RGGN) to DDoha (DOOH) Flightts frrom Dohha (DOH) to Yangon (RRGN)
QR619 1 2 3 4 5 6 7 RGN DOH 8:00 11:45 Qatar Airways QR618 1 2 3 4 5 6 7 DOH RGN 21:05 06:29+1 Qatar Airways
Flliggh htss ffroom m Yangon (RGN) to Nay Pyi Taww (NYT) Flliggh htss ffroom m Nay Pyyi Taw (NNYT) to Yangonn (RGN)
FMI-A1 1 2 3 4 5 RGN NYT 7:30 8:30 FMI Air Charter FMI-A2 1 2 3 4 5 NYT RGN 8:50 9:50 FMI Air Charter
FMI-B1 1 2 3 4 5 RGN NYT 11:30 12:30 FMI Air Charter FMI-B2 1 2 3 4 5 NYT RGN 13:00 14:00 FMI Air Charter
FMI-C1 1 2 3 4 5 RGN NYT 16:30 17:30 FMI Air Charter FMI-C2 1 2 3 4 5 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
FFliightts frrom Yangoon (RGN) to Manndalay ((MDY) FFliightts frrom Manddalay (MDDY) to YYangon (RGN)
Y5-234 1 2 3 4 5 6 7 RGN MDY 6:15 7:30 Golden Myanmar Airlines Y5-233 1 2 3 4 5 6 7 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 1 2 3 4 5 6 7 RGN MDY 6:10 8:30 Yangon Airways YH 918 1 2 3 4 6 7 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 1 2 3 4 5 6 7 RGN MDY 15:00 17:10 Yangon Airways YH 732 1 2 3 4 5 6 MDY RGN 17:10 19:15 Yangon Airways
W9 501 1 2 3 4 RGN MDY 6:00 7:25 Air Bagan W9 502 1 2 3 4 MDY RGN 16:10 18:15 Air Bagan
K7 222 1 2 3 4 5 6 7 RGN MDY 6:30 8:40 Air KBZ K7 223 1 2 3 4 5 6 7 MDY RGN 9:00 11:05 Air KBZ
YJ 201 1 2 3 4 5 6 7 RGN MDY 11:30 12:55 Asian Wings YJ 202 1 2 3 4 5 6 7 MDY RGN 16:00 17:25 Asian Wings
Days - (1) Monday (2) TTueesdaay (33) WWeddnessdaay (4) Thursdayy (5) Friday (6) SSaturday (7) Suunday Days - (1) Monday (2) TTueesdaay (33) WWeddnessdaay (4) Thursdayy (5) Friday (6) SSaturday (7) Suunday
mmbiztoday.com
PROPERTY & REAL ESTATE
25
Myanmar Summary
Contd. P 26...(Rising Property)
Myanmar in Motion: Rising Property Market
While waiting to see if a new Condominium Law opens up Myanmar real estate to the world, major developers drive Yangons residential market forward
Robert Carry
I
n zoo8, Yungon wus
u cILy In pIeces. My-
unmur wus sLIII reeI-
Ing Irom LIe mIIILury`s
ruLIIess suppressIon oI
LIe monk-Ied pro-democ-
rucy proLesLs u yeur eur-
IIer wIen CycIone NurgIs
swepL ucross LIe counLry,
kIIIIng 1qo,ooo peopIe.
nLernuLIonuI uId ugen-
cIes sLood reudy Lo IeIp
- buL LIe junLu reIused Lo
IeL LIem InLo LIe counLry.
It looked like the military
governmenL, purunoId
ubouL ouLsIde InLerIer-
ence, cared more about
muInLuInIng ILs posILIon
LIun IL dId ubouL LIe IIves
oI ILs peopIe.
While tonnes of aid
sLood wuILIng In Bungkok,
Yungon cILy wus In neur-
LoLuI durkness. UprooLed
trees littered the streets
and hundreds huddled in
Lemporury sIucks nexL Lo
LIe Lrum c-Iree rouds. TIe
IuLure Iooked bIeuk.
Ive yeurs IuLer und My-
unmur Is u counLry open-
Ing up Lo LIe worId. TIe
cIvIIIun governmenL muny
expecLed Lo be u sLooge oI
the military that handed it
power Ius been InLroduc-
Ing u sLrIng oI reIorms.
WILI LIe WesL droppIng
suncLIons und rumpIng
up Lrude In response, My-
unmur Is boomIng. GDP
grew by . percenL Lo
yeur-end zo1z und zo1`s
numbers ure expecLed Lo
be equuIIy brIgIL.
WILI IoreIgn compunIes
prucLIcuIIy queuIng uL LIe
border, properLy prIces -
resIdenLIuI, om ce, Indus-
trial and commercial are
uII on LIe up, und CoIIIers
und SuvIIIs, Lwo InLernu-
LIonuI reuI esLuLe servIces
hrms, boLI opened om ces
In Yungon In zo1 Lo serve
LIe murkeL. Top-quuIILy
om ce spuce In prIme Iocu-
LIons In Yungon, LIe com-
mercIuI cupILuI oI wIuL Is
sLIII LIe pooresL counLry In
SouLIeusL AsIu, Is In pur-
LIcuIurIy sIorL suppIy. AL
$;8 per squure meLre per
monLI, renL prIces eusIIy
Lop MunIuLLun ($qq.q).
One reuson Ior LIIs Lype
oI growLI, purLIcuIurIy
wILI InLernuLIonuI grude
upurLmenLs und unILs, Is
LIuL Myunmur wus essen-
LIuIIy sLurLIng Irom zero.
TIere`s IILLIe suppIy und
u IoL oI compeLILIon Ior
wIuL Is In pIuce.
UnIIke counLrIes sucI us
Ireland, where real estate
prIces buIIooned beIore
crusIIng down, specuIu-
Lors In Myunmur ure buy-
Ing wILI reuI weuILI ruLI-
er LIun credIL. WILI no
sLock murkeL In LIe coun-
Lry, properLy Is one oI LIe
onIy uvuIIubIe cusI dumps
usIde Irom US doIIurs und
goId. WILIouL LIe worry
oI bunks comIng IookIng
Ior repuymenLs, LIose
buyIng In Myunmur cun
uord Lo wuIL Ior u reLurn.
The fact that the market
Is supporLed by LIIs Lype
of owner makes it far less
IIkeIy Lo crusI.
RenL Ius gone up
LIree- or In some cuses
Iour- IoId sInce we urrIved
Iere 18 monLIs ugo, suys
BreLL MIIIer, munugIng dI-
recLor oI ScIpIo ServIces,
wIIcI provIdes reuI esLuLe
udvIsory, IucIIILIes ser-
vIces und properLy mun-
ugemenL servIces In LIe
counLry.
UnIorLunuLeIy, uL pre-
senL, IoreIgners cun`L
buy uny Lype oI properLy
In Myunmur. However,
wouId-be InvesLors Iuve
oLIer rouLes In. A IundIuI
oI IoreIgn compunIes LIed
In wILI IocuI hrms oper-
uLe In Myunmur`s reuI es-
tate market, one of which
Is Yomu SLruLegIc. TIIs
group Is responsIbIe Ior
Thanylin Star City the
bIggesL mIxed-use pro-
jecL under consLrucLIon In
Yungon.
SILed on 1 ucres In
souLIeusL Yungon, LIIs
umbILIous projecL wIII
uILImuLeIy Iuve some
q,ooo resIdenLIuI unILs
und 1;,q sq meLre oI
commercIuI und reLuII Iu-
cIIILIes. L wIII uIso IeuLure
u rIversIde promenude,
Ierry LermInuI und sporL-
Ing IucIIILIes.
EIgIL mIIes wesL oI
Yungon, meunwIIIe, Is
LIe Pun HIuIng GoII Es-
LuLe - LIe group`s ug-
sIIp resIdenLIuI projecL.
TIe Iuxury deveIopmenL
hrsL opened In zoo1 wILI
LIe IuLesL pIuse currenLIy
under deveIopmenL. Seen
as the countrys most
presLIgIous resIdenLIuI
address, the site is set on
6o ucres oI Iundscuped
grounds.
TIe deveIopmenL, wIIcI
Is Iome Lo LIree umbus-
sadors and many of the
cILy`s dIpIomuLs, IeuLures
un InLernuLIonuI IospI-
tal, international school,
counLry cIub, swImmIng
pooI, spu, resLuurunL und
gym uII buIIL uround u
Gury PIuyer-desIgned goII
course. Ls runge oI resI-
denLIuI unILs Is mude up
oI vIIIus, LownIouses und
condomInIums Ior up Lo
8oo IumIIIes.
WIuL we dId |wILI Pun
HIuIng GoII EsLuLe| wus
rudIcuIIy dIerenL Irom
wIuL everyone eIse In
Yungon wus doIng, suys
Cyrus Pun LIe group`s
execuLIve dIrecLor und co-
Ieud oI reuI esLuLe.
L`s noLIIng new - you
see IL In premIum de-
veIopmenLs uII over LIe
worId - buL IL wus u hrsL
Ior LIe cILy.
Muny oI our deveIop-
menLs In Myunmur ure
joInL venLures beLween
M und Yomu SLruLegIc,
expIuIns Pun. M Is u Io-
cuI compuny LIuL reLuIns
uII our Iund IoIdIng - und
IL Ius LIe deveIopmenL
rIgILs Lo LIuL Iund. WIuL
Yomu |wIIcI Is IIsLed on
LIe SIngupore sLock mur-
keL| brIngs Lo LIe LubIe Is
IoreIgn cupILuI.
n oLIer words, Yomu
SLruLegIc Is u compuny
IIsLed ouLsIde Myunmur
buL wILI u sLrong LIe-In
wILI u compuny - M -
operuLIng In LIe burgeon-
Ing Myunmur reuI esLuLe
murkeL. BoLI hrms ure
IeId by LIe sume mujor-
ity shareholder, which
meuns IoreIgn InvesLors
cun Lup InLo LIe prohLs
beIng generuLed by LukIng
up sIures In u compuny
IIke Yomu SLruLegIc. As oI
IusL monLI, Yomu sLock
wus LrudIng uL more LIun
8o LImes IuLure eurnIngs,
and has doubled since the
sume perIod IusL yeur.
nLeresLIngIy, u new
CondomInIum uw Is cur-
renLIy In LIe hnuI sLuges
oI beIng debuLed In Myun-
mur`s purIIumenL. L`s ex-
pecLed Lo gIve IoreIgners
LIe rIgIL Lo own condo-
minium units in line with
Iuws In pIuce In TIuIIund
or CumbodIu.
TIuL`s goIng Lo sIuke
up LIe IndusLry, udds
MIIIer. L`s goIng Lo be u
Irenzy oI deveIopers.
L`s u vIew ecIoed by
Pun: TIe IoreIgners
comIng In ure muInIy In
LIe Lop end oI LIe murkeL.
Theyre interested in new,
modern, quuIILy upurL-
menLs. TIere wIII be pusI
In LIe upper LIer oI LIe
murkeL wIen IoreIgners
ure uIIowed Lo buy.
TIe poLenLIuI growLI
LIuL LIe new CondomIn-
Ium uw couId LrIgger
won`L sLop LIere: TIe
muIn LIIng ubouL LIe
Contd. P 26...(Rising Property)
With no stock market in the country,
property is one of the only available cash
dumps aside from US dollars and gold.
Without the worry of banks coming looking for
repayments, those buying in Myanmar can
afford to wait for a return.
E
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Yangon Cityscape.
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mmbiztoday.com
26
PROPERTY & REAL ESTATE
Condominium Laws is not
ubouL IoreIgn ownersIIp,
expIuIns Pun. RIgIL now,
sLrIcLIy speukIng LIere`s
no LILIe grunLed wIen you
buy or own un upurLmenL.
TIuL meuns upurLmenLs
cant be used as collateral
wIen IookIng Ior u Ioun.
The Condominium Law
Is goIng Lo cIeurIy dehne
strata titles which will,
in turn, enable many of
LIese upurLmenL buyers
Lo use LIe properLy Lo geL
Iouns. TIuL Is goIng Lo Iree
From page z,... (Rising Property)
up u mussIve umounL oI
cupILuI - und IL wIII be u
mujor boosL Ior LIe mur-
keL.
Myunmur`s reuI es-
LuLe murkeL Is rIdIng LIe
cresL oI un ever-growIng
wuve und compunIes IIke
Yomu SLruLegIc oer In-
vesLors un eurIy-In. or
LIose IookIng Ior u more
dIrecL IIne InLo LIe mur-
keL Iere, LIe condomInI-
um Iuws wIII provIde LIe
mechanisms needed for
IoreIgners Lo own unILs
dIrecLIy. And wILI LIe spI-
ral in local demand set to
From page z,... (Rising Property)
be LrIggered once upurL-
menL ownersIIp Iuws ure
cIeured up, InvesLors wIo
geL In eurIy muy weII see
sIgnIhcunL reLurns.
Property Report
P
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R
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Government Boosts Cement
JVs in Myanmar
T
Ie governmenL Ius cIo-
sen 1 compunIes, IncIud-
Ing hrms Irom TIuIIund
und Germuny, Lo esLubIIsI joInL
venLures Ior sLuLe-owned ce-
menL pIunLs, uccordIng Lo My-
unmur`s MInIsLry oI ndusLry.
TIe mInIsLry Iud oered Len-
ders Lo IocuI und IoreIgn hrms Lo
operuLe LIe pIunLs. TIe wInnIng
hrms comprIse: SIwe Tuung
CemenL Co Ld; Mux Myunmur
MunuIucLurIng; AsIun CemenL
PubIIc; UILru Group oI Compu-
nIes; SIwe KIIL Aung; erro-
sLuuI; MoLIer ndusLrIuI; MyInL
nvesLmenL Group; Myunmur
CemenL & MIneruI ProducLIon;
GIobuI SLur; DIudem (Myunmur)
und Myunmur JIdong CemenL.
Phyu Thit Lwin TIe Myunmur nvesLmenL
CommIssIon Ius upproved LIe
construction of nine cement
pIunLs. On compIeLIon oI LIese
projecLs, LIe MInIsLry oI ndus-
Lry expecLs LIuL uImosL 1o.
mIIIIon Lonnes per yeur (TPA)
oI cemenL wIII be produced.
TIe 1 exIsLIng pIunLs, LIree
sLuLe-owned und LIe resL prI-
vuLeIy-owned, cun produce q.oz
mIIIIon TPA oI cemenL.
TIuIIund`s SIum CemenL Com-
puny wIII InvesL $88 mIIIIon
Ior ILs hrsL IuIIy InLegruLed pIunL
In Myunmur. Semen ndonesIu
uIso pIuns Lo consLrucL u pIunL
worLI $zoo mIIIIon und ndIu-
based Ramco Cement is said to
be In dIscussIons wILI LIe gov-
ernmenL over LIe possIbIIILy oI
buIIdIng u new IucIIILy.
Myanmar Summary
Myanmar Resort Receives
ASEAN Green Award
A
muzIng NgupuII ResorL,
located on the wide
sweepIng beucI In Ngu-
puII In Myunmur`s RukIIne
sLuLe Ius recenLIy won LIe ASE-
AN Green Awurd, LIe compuny
suId.
TIe ASEAN Green Awurd rec-
ognIses LIose wIo Iuve meL LIe
ASEAN Green HoLeI sLundurds.
A Green HoLeI Is one wIIcI
Is envIronmenLuIIy IrIendIy und
empIoys energy conservuLIon
meusures. Green HoLeIs musL
Iuve un envIronmenLuI pIun,
use green producLs und provIde
LruInIng Ior LIe sLu In energy
conservuLIon und envIronmen-
LuI munugemenL.
HIuIng HIuIng WIn, generuI
munuger oI LIe AmuzIng Ho-
LeIs und ResorLs, uccepLed LIe
uwurd uL LIe ASEAN TourIsm
orum zo1q IeId In KucIIng,
MuIuysIu.
Htet Aung AmuzIng NgupuII ResorL Iud
uIso won LIe ASEAN Green Ho-
LeI SLundurd Awurd In prevIous
yeurs.
Myanmar Summary
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.q._.
ASEAN Green Hotel - . . , . , .
.:.. ~~_..:._~: ..
~., .._e.., .~:. ~. ~. ~ _..~ .
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Hotels .:.~.,_e .:~.~~,.
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The Condominium Law is going to
clearly define strata titles which will,
in turn, enable many of these
apartment buyers to use the prop-
erty to get loans.
mmbiztoday.com
IT & TELECOM
27
Myanmar Summary
Telenor to Spend Less Than Expected
on Myanmar Network
Peak funding cost $1 billion; Sees cash fow break even in 3 years
Joachim Dagenborg
N
orwegIun LeIecoms
group TeIenor wIII
spend Iess on deveIop-
Ing ILs new neLwork In Myunmur
LIun InvesLors expecLed und
predIcLed IL wouId sLurL gener-
uLIng cusI wILIIn LIree yeurs In
u counLry wILI LIe worId`s Iow-
esL mobIIe peneLruLIon ruLe.
TIe compuny suId IL wouId
puy $oo mIIIIon Ior u 1-yeur
IIcence In one oI AsIu`s pooresL
counLrIes und expecLs IundIng
cosLs, or LIe Iee pIus uccumu-
IuLed Iosses unLII LIe cusI ow
breuk even, Lo peuk uL $1 bIIIIon
- Iower LIun LIe $1.-$z bIIIIon
IorecusL by unuIysLs.
Myunmur pIcked Norwuy`s
sLuLe-conLroIIed TeIenor und
Qatars Ooredoo last year to
build new mobile networks,
brIngIng IoreIgn compunIes
across one of the worlds last
telecoms frontiers, where less
LIun u LenLI oI LIe 6o mII-
IIon popuIuLIon Iuve u mobIIe
pIone.
This was a milestone for the
once purIuI sLuLe`s LrunsIormu-
tion from decades of military
dIcLuLorsIIp Lo quusI-cIvIIIun
governmenL under reIormIsL
PresIdenL TIeIn SeIn und LIe
deuIs sIouId brIng u Ieup Ior-
wurd In dIgILuI LecInoIogy LIuL
couId speed up economIc deveI-
opmenL.
Telenors announcement will
come us u reIIeI Lo InvesLors
uILer sLurL-up dIm cuILIes In n-
dIu, wIere LIe compuny needed
more than four years to reach
cusI ow breuk even und Iud Lo
ubundon mosL oI ILs operuLIons
uILer u dIspuLe wILI LIe govern-
menL.
TIe murkeL LIougIL LIey
wouId Iuve Lo InvesL up Lo $z
bIIIIon so wIen LIey suy $1 bII-
IIon, LIuL`s u murgInuIIy posILIve
surprIse, CIrIsLer RoLI, un un-
uIysL uL DNB MurkeLs suId.
TIe conLours oI LIe Myun-
mur deuI uppeur Lo be beLLer
LIun we Iud expecLed.
However, on LIe hrm`s LIree-
yeur breuk-even IorecusL, RoLI
suId: L`s very Iurd Lo suy Iow
reuIIsLIc LIuL gouI Is beIore LIey
gIve us some more deLuIIs on
LIe prohLubIIILy oI LIIs projecL.
Seroices in S months
TeIenor, wIIcI Ius ubouL 1o
million subscribers in Asia,
LIe NordIcs und cenLruI Eu-
rope, suId IL wouId IuuncI voIce
und duLu servIce wILIIn eIgIL
monLIs In Myunmur und ex-
pecLs Lo cover qo percenL oI LIe
counLry`s popuIuLIon wILIIn hve
yeurs.
Ooredoo Ius prevIousIy suId
IL wouId begIn roIIIng ouL u neL-
work wILIIn sIx monLIs und
uIms Ior q; percenL coveruge In
hve yeurs.
Telenor made almost half of
ILs zo1z revenue In AsIu, wIIIe
z8 percenL cume Irom Norwuy
und z6 percenL Irom LIe resL oI
Europe, uccordIng Lo TIomson
ReuLers duLu.
Telecommunications were
LIgILIy conLroIIed In Myunmur
under mIIILury junLu ruIe oI uI-
mosL o yeurs, wILI LIe govern-
menL monopoIIsIng LIe secLor
und seIIIng SM curds Ior LIou-
sands of dollars when they were
InLroduced u decude-und-u-IuII
ugo.
TIe mIIILury sLepped usIde In
zo11 und u quusI-cIvIIIun gov-
ernmenL wus InsLuIIed, seLLIng
o u wuve oI poIILIcuI und eco-
nomIc reIorms. TIe Europeun
UnIon, UnILed SLuLes und oLIer
WesLern counLrIes Iuve sInce
Increused uId und InvesLmenL,
und suspended mosL suncLIons
uguInsL LIe counLry.
WILI u popuIuLIon oI uround
6o mIIIIon, oI wIIcI Iess LIun
1o percenL Iuve uccess Lo mo-
bIIe servIces, Myunmur repre-
senLs u sLrong busIness oppor-
LunILy Ior TeIenor In AsIu, suId
TeIenor, wIIcI uIso operuLes
In neIgIbourIng TIuIIund und
BungIudesI.
AII In uII LIIs seems quILe
sensIbIe, Espen Torgersen, un
unuIysL uL brokeruge CurnegIe,
suId oI TeIenor`s Myunmur pro-
jecL. A IoL oI peopIe Ieured LIuL
LIe InvesLmenL IeveI wouId be
more LIun LIIs.
He also said he needed more
information before he could
ussess wIeLIer LIe breuk-even
IorecusL wus reuIIsLIc.
Shar es down
However, InvesLors dIdn`L
seem to react well to news on
Junuury o LIuL mujor Norwe-
gIun LeIecoms hrm TeIenor Iud
succeeded In obLuInIng u IIcense
Lo provIde mobIIe pIone servIce
In Myunmur. TeIenor`s sLock IeII
1.q percenL on LIe OsIo SLock
ExcIunge, und wus onIy sIIgILIy
recoverIng on Junuury 1.
The shares slid all week and
IurLIer on Junuury o, possIbIy
becuuse oI LIe InvesLmenL obII-
guLIons LIe deuI pIuces on TeI-
enor, und LIe poIILIcuI InsLubII-
ILy sLIII LIed Lo Myunmur, wIIcI
Is emergIng Irom decudes oI
IursI mIIILury ruIe.
Newspuper Dugens NrIng-
sIIv (DN) reporLed LIuL TeIenor,
wIIcI Ius expunded greuLIy In
Asia, will need to use horses
und wugons, rIver bouLs, moLor-
cycIes und possIbIy eIepIunLs
Lo LrunsporL muLerIuIs needed
Lo buIId ouL Myunmur`s new
mobIIe neLwork. TIere Is IILLIe
exIsLIng InIrusLrucLure In Myun-
mar, lots of untouched nature,
dense jungIe und oILen sLIIng
LemperuLures und IumIdILy.
HeIIcopLers wIII uIso uId LIe
consLrucLIon, LIougI, und TeI-
enor seems Lo be prepured Ior
u Iuge job uIeud. Myunmur
Is u Iurge counLry wILI muny
mounLuIns, rIvers und vuIIeys,
TeIenor spokesmun Tor OdIund
LoId DN. TIere uren`L uIwuys
roads and many areas dont
Iuve eIecLrIcILy. TIen we Iuve
Lo be creuLIve In Iow we geL
equIpmenL ouL wIere needed.
DN reporLed LIuL TeIenor,
wIIcI eurIIer Ius pIedged un
eugerness Lo IeIp rebuIId Bur-
mu, Is puyIng LIe governmenL
$oo mIIIIon Ior ILs IIcence Lo
provIde LIem, und expecLs Lo
spend mIIIIons more beIore IL
guIns u posILIve cusI ow on
operuLIons. Reuters
The market thought they would have
to invest up to $2 billion so
when they say $1 billion, thats a
marginally positive surprise.
A man Iooks at a smartphone at a phone showroom in Yangon.
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s
.,:.~..- .~.e.q...,.
_~._e...: Telenor onf &if;ESD;
_.....:. ..:.,.:.._ ..:~
~ _., .:. -.~ . e .q.~ , q~
.. .:.~:. e _e .~ .~~ .~: ..:
q~q:~ ..:_ ....:..__e.
._~:. .q._.
~:q~ ..q....|.....:.
. . ~. . _e. ..: _., .:. ~
.. ~ ..~:.~~..~~.
~ . ~ . ~..q ~, ..'.: ~~ . . e
q..._....:.eeq_.. .... .:..
., . , .:.._ ~..q ~, ..'.:
~. .e. .e..:~~
..:,_..,._~:. .q._.
_., .: . ._ .,: .~. . -
Telenor . ~:~:. - Ooredoo
~~:. .,.._..~ ..~,
q~...:.~:. ~_.:q,~~~
~.|~.qq._ .~:..q~:.:.
~_e. .q..e._.. ...:......
._._.,.:.. ._.:..~:..q
~:.:.~:. ....q..e._.. _.,.:
.- ...q .,.._.:~.e~
~~ q:..,..: ..e,.~...
~ ..: . ._ ~.,~:.~ q .,
._~~~ .~.e.q...,..:.
. . ~ .~~ _e. , ..:..q, ~~ ~
_~......_.
e.~. ._.:..~:..q~:.:.
~:. . . , ...: q ~ . .:..... ._
~~ ~ .e . . . ..| ..:.. : .. ~. .q
.~~.~:~~ q.~_.q..:
_., .:. -.~ . e .q.~_~~ ~
....~~..~.q._e..:..._
_ e. ._ . _ . _ . ._ .: . . . .:. ~:.
..~..,.., ~..q. .~~~.
.. _.. . . _. . . -. .. :..q.~ .~~
e _e.. ~~ ~ .. . ~e ,_.._:.:.
~:..~ . ... .:q, _~... . ..: q ~
. ._ .
Telenor ._ ~:q Nordics .
.q:.~.e..~, .-.~.e
.q.~, ..:..:.~ ~.._..,...|.
.,. ~~ ,..|.q.,._.
_.,.:.~ voice . data
~,..:..:.~:. .~: ~~.
..:q~.:.eeq._~:. ._.:_~:.
._....~:~~. _., .:....q
-~ q:. . , ., ..|.~:.. .~, ..:
. .:. ~. . _ . .:. q, ..: . , .
:.._ .
mmbiztoday.com
28
IT & TELECOM
CAMUSAT Joins Apollo Towers to
Build Telco Infrastructure in Myanmar
runce-bused LeIecom Low-

er buIIder CAMUSAT Ius
Leumed up wILI SIngupo-
reun LeIecommunIcuLIons InIru-
sLrucLure provIder ApoIIo Tow-
ers Lo buIId Lowers In Myunmur,
LIe compuny suId.
TIe purLnersIIp represenLs
hrsL sucI mujor ugreemenL wILI
ApoIIo Towers, wIIcI wus se-
lected in December last year as
un om cIuI vendor Lo buIId und
munuge LeIecom Lowers ucross
Myunmur by TeIenor Myunmur,
one of the two telecom licence
wInners.
ApoIIo Towers CIuIrmun
SunjIv AIuju suId, We Iuve u
unIque opporLunILy und un ex-
LremeIy demundIng Lusk uIeud
oI us In sIupIng LIe LeIecom
Iundscupe In Myunmur, und
we beIIeve LIuL CAMUSAT us
u purLner wIII be equuI on LIuL
Lusk.
TIe new projecL wIII pusI
boLI compunIes Lo be pIoneers
In u counLry uL un InexIon
poInL oI rupId LeIecom murkeL
growLI Irom ILs currenL nuscenL
sLuge.
PurLnersIIp wILI ApoIIo
Towers represenLs u sIgnIhcunL
opporLunILy Ior CAMUSAT Lo
work In Myunmur und buIId
Shein Thu Aung
its foundations in the dynamic
SouLI AsIun regIon, CAMU-
SAT Chairman Richard Thomas
suId.
CAMUSAT suId IL wIII InvesL
In IocuI resources, LruIn LIe Io-
cuI personneI Ior ImprovemenL
oI LIe requIred skIIIs und knowI-
edge LrunsIer Lo IocuI LuIenL.
ApoIIo Towers CIIeI Execu-
LIve runcoIs oreIII suId, We
ure suLIshed wILI CAMUSAT`s
cooperuLIon, ILs worIdwIde ex-
perLIse und experIence wIIcI
wIII be brougIL InLo LIe pro-
jecL.
ApoIIo Towers Myunmur Ld
Is enguged In provIdIng con-
sLrucLIon, munugemenL und
IeusIng oI LeIecommunIcuLIons
tower infrastructure to mobile
operuLors In Myunmur.
CAMUSAT`s neLwork deveI-
opIng experIence spuns In z
counLrIes wILI mobIIe operu-
Lors, equIpmenL vendors und
sysLem InLegruLors In Europe,
CurIbbeun, AIrIcu und LIe Pu-
cIhc.
Richard Thomas (I), chairmain Camu-
sat, shake hands with Francois IoreIIi,
CEU ApoIIo Towers.
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Myanmar Summary
uccess Lo eIecLrIcILy. TIe IusL
sILuuLIon u consumer expecLs Lo
hnd LIemseIves In Is beIng unu-
bIe Lo muke u purcIuse or Lruns-
Ier becuuse LIeIr pIone buLLery
Is consumed.
q. ExecuLIve IeveI supporL Is
munduLory.
UnIIke oLIer mobIIe servIces
IIke voIce und SMS, MobIIe
Money Ius un unusuuIIy Iong
producL IIIe cycIe und IImILed
murgIns uL LIe begInnIng. Mun-
ugemenL musL LIereIore be wIII-
Ing Lo sucrIhce prohLs In IIeu oI
u sLrong brund, especIuIIy uL LIe
eurIy sLuges oI IuuncI.
. SImpIe sIgn up procedure
und reusonubIe servIce Iees.
One way for mobile money
progrums Lo breuk burrIers Lo
udopLIon Is by IuvIng un eusy
sIgn-up process und cIurgIng
reusonubIe Iees Ior servIces. A
Iow cosL puy us you go modeI
works besL In murkeLs wILI un-
derdeveIoped hnuncIuI sysLems
sucI us Myunmur. SucI u mod-
el would features such as: zero
mInImum buIunces, zero joInIng
Iees, und zero monLIIy cIurges
From page ... (Mobile Money)
Lo muke IL LruIy uLLrucLIve. TIe
LurIs musL uIso be LrunspurenL
und eusIIy uccessIbIe Lo users.
CusLomers IIke Lo know upIronL
wIuL LIey`re sIgnIng up Ior.
While we cannot tell for sure
whether mobile money will
uILImuLeIy become dIsrupLIve
In Myunmur; unLII provId-
ers IIL severuI mIIIIon murks
of in terms of users and kyat
transacted, we can defer talks
oI MobIIe InuncIuI servIces
revoIuLIon In Myunmur. n LIe
meunLIme, mobIIe money ser-
vIce provIders cun sLurL work-
Ing on LIese Issues und gIve us-
ers u reuson Lo Luke up mobIIe
money. TIey need Lo creuLe
LIe vuIue proposILIon LIuL wIII
muke usIng u pIone Lo conducL
hnuncIuI LrunsucLIons so mucI
beLLer, IusLer und more conven-
IenL LIun usIng cusI.
Lois Eva Adhiambo Adongo is
a mobile innovation and tech-
nology expert, international
development professional and
freelance writer.
From page ... (Mobile Money)
Until customers themselves see
whats in it for them,
theyre unlikely to ditch their physical
wallets for the mobile wallets.
_....~._..~ .~.e.q.
~:~|.:.~:. ~_ .: . _e.._
CAMUSAT ._ . ~:. .~ . e
.q.~._..~..:~~~.:~..
_e.._ Apollo Towers . ....|.
_ _.,.:.~ .~.e.q.~:~|
.:.~:. ~_..:~.:..~:.__e.
._ ~: . e .~ . ~ . ._.:_~:.. ._ .
. , . ._ . . . ~ :.~ Apollo
Towers ~:. .~.e.q.~:~|.:.
~:. .~.~,.~ ~_ ..:~_..
...,.q,~~~ Telenor
Myanmar . .q..e.._. Apollo
Towers . ~_~ ,.~~.,_e
~.,.~:.. , ..: ~. ~.. .~.
q. q .,._~: .._.:_~:.. _. . _., .:.
~.~.e.q.. . , ..:. e _e .~ .
~~ .: q, ~~ ~ e. ~ .
. . , .~. ~. _e. ._ .:~ .:. . :
.,~:.~.q.._e. ._.
_.,.:.- e_e ..|. .~.e.q.
~_~ ..._., . : e _e.~.~~
.:q,e...~,.~..._ ~ . ~
. . . . .~~ ~ ~. , ~.q..|.:..
.__e.._. CAMUSAT . ,.~~
.,_e.~...:.....:q_ .:.~ .
~~ .:..q, . _._ ~ .q ~q_ ~. .
q . .:.~:.~. ._:.:.. .~q, ~
~ ~ . . ..: . :.._ e ._.:_~:.
.._.
Technologies \ MoreMagic
Mobile Wallet ~ ~._.._ ..:
q~._.._e.._. e.~,..:.~
...~... ~... ..._.:.
.....:. .~.~:...: ~e.:.
.e.:.~ cash-in/-out ? airtime
top-up ..:.~.....:. ~,
. e . ~~ ~ ...... .:.~ ._ . .|~
._~:. .q._.
Ooredoo .._. ._~:....~
. .. ...... .,. .:.~ _.. . . :.
q, ~. ~. ~ ._~_:. ._ .GSMA
. ~.~ ~.~.:.~q ~.:~.~,.q
. ..| . , . ~ . .. .....
.~.~...|. ~ .~ e.,
~ q .,._~: . . q._ .~. .|. .
.........,...|. ~ .~
.. :.: ~.._....|. ~ .,.
.~:q._~:. .q._. _.,.:.q
........~,..:...,..:.
~.,_e ~.:~.~,.q ~_.:...
........,..:.~:. .:~..,.
.:.~ . . ~.:.~ ~~:.~. ..:.
~ .~_~.:.q._._e.._. .
~.:.. , .~ - . .:.~:. ~. ._..
.,q:~ . . . ... .. . .:. ~
.~ . ~. ._..:q, ~~ ~ ~, ..:
..:.~:. .:~...:.. _~ ....
. :.q._ . _ e. ._ . . .:.~.:.
..~:. ~.._._ ....... .:.
~ _...q,~~~ ~._~:._..~
.~:..:.~ ...q,~~~ ...
._~.~, ..: . . . , ..:.~.,_e
~._eq:_ ..-~,_~.....:.q._
._e.._.
Telenor to Launch 30
Million SIM Cards
N
orwegIun LeIecom gIunL
Telenor, one of the two
wInners oI LeIecom II-
cences In Myunmur, wIII seII us
muny us o mIIIIon SM curds
ucross LIe counLry, ILs Lop ex-
ecuLIve Ius suId.
AL LIe LIme oI IuuncI, TeI-
enor wIII Iuve o mIIIIon SM
curd numbers In LIe 'oq` serIes
uvuIIubIe, PeLLer urberg, cIIeI
execuLIve om cer oI TeIenor
Myunmur, suId uL u press brIeI-
Ing, wIere TeIenor Myunmur`s
CIuIrmun SIgve Brekke wus
uIso presenL.
TIe Myunmur governmenL
grunLed LeIecommunIcuLIon op-
eruLIng IIcences Lo TeIenor und
Qatars Ooredoo last month to
roll out telecommunications
servIces In LIe Iormer purIuI
counLry. TIe InILIuI 1-yeur II-
cences wenL eecLIve Irom eb-
ruury .
urberg suId TeIenor`s nexL
sLep Is Lo IuuncI ILs producLs
und servIces wILIIn eIgIL
monLIs, wILI LIe gouI oI reucI-
Ing qo percenL oI LIe popuIu-
LIon wILIIn hve yeurs oI LIe roII-
ouL.
He suId TeIenor wIII udopL u
purLnersIIp modeI Lo sLImuIuLe
IndusLry InnovuLIon und cre-
uLe new opporLunILIes Ior IocuI
busInesses und enLrepreneurs.
TIe LeIecoms hrm Is uIso con-
Su Su LInuIng Lo recruIL uL uII IeveIs
und ucross u number oI Iunc-
LIons wILIIn LIe orgunIsuLIon.
TeIenor Myunmur currenLIy Ius
zo empIoyees wIo ure eILIer
onbourd IuII-LIme or Iuve re-
ceIved empIoymenL oers und
LIe compuny suId IL uIms Lo
buIId u workIorce oI 1,ooo em-
pIoyees by LIe end oI zo1q.
TeIenor suId IL wIII udopL u
muss murkeL sLruLegy Lo deIIver
nLerneL Ior AII LIrougI LIe
use oI boLI zG und G neLworks
us LIe mosL uordubIe mobIIe
pIones In LIe murkeL ure cur-
renLIy zG devIces.
Myanmar Summary
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_.,.:.. ~,.~ .......:
.~ . e .q.. . ~ qq . ._ ~_._
_._.q: .~:..q~: .~,~.
~.._e...: .,:.~..- .~
.e.q...,._~. Telenor onf
_.,.:.~ ..~...|. .,.
,~ ~ .q: ... :.._ _e. ._~: . , .
~ . ~ . ~, .~. ..: ~. .~
._.:_~:..._.
Telenor . .q:......_ ..
~. , .|~ . :~ , .|~ .:._ e .~
.__e.._~:. Telenor Myanmar rS
~. ..: ~q:q .. Petter Furberg
~ ._.:_~:..._.
Telenor - .,:~.._....
~..~.,_e ,.-~~,. ~,
..:..:.~:. .:._ .~~.
...q- ~ q:..,.~ .q:..
~,..:.....:.._e .q._.
mmbiztoday.com
AUTOMOBILE
29
Myanmar Summary
Myanmar Summary
Yangon Bans Toyota Hilux as
Passenger Carrier
T
oyoLu HIIux pIck-up
trucks are not allowed to
run us pussenger currIers
In Myunmur`s Yungon munIcI-
puI ureu sLurLIng mId-ebruury
umId governmenL eorLs Lo
prevenL roud uccIdenLs und Iu-
cIIILuLe pussengers.
HIIux pIckups In LownsIIps
oI Yungon munIcIpuI ureu wIII
be repIuced by mInI buses uL
LIe end oI ebruury, uccordIng
Lo LIe Yungon AII Bus Ines Su-
pervIsIng CommILLee.
HIIux cun sLIII be operuLed Ior
LrunsporLIng goods, suId U HIu
Aung, cIuIrmun oI LIe commIL-
Lee, IocuI medIu reporLed IusL
week.
TIere ure ubouL 8oq HIIux ve-
IIcIes operuLIng In Yungon, Ie
udded.
As purL oI LIe eorLs Lo reduce
Lrum c jum In suburbun Yungon,
Myunmur Ius recenLIy compIeL-
ed LIree mujor overpuss brIdges
In LIe mosL Lrum c-congesLed
ureus.
AccordIng Lo LIe cILy`s roud
LrunsporL udmInIsLruLIon, LIe
number oI moLor veIIcIes oper-
uLIng In Myunmur sLood uL .q
mIIIIon us oI SepLember zo1,
IncIudIng .q; mIIIIon moLor-
cycIes, 8z,816 pussenger curs,
1oz,; Lrucks und zo,oq bus-
es.
Yungon Ius u popuIuLIon oI
over 6 mIIIIon und un ureu oI
;q squure kIIomeLres. Xinhua
A Suzuki Carry pickup truck.
Suzuki Carry Sales Edge Up
Buddhist novice monks cIing on to the back of a vehicIe IIed with passengers.
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Jupunese uuLomuker SuzukI`s
Curry-brunded mInILrucks Iuve
seen a considerable rise in sales
In recenL monLIs In Yungon
umId IncreusIng demund Ior
curgo und pussenger curryIng
veIIcIes In LIe commercIuI Iub
oI LIe counLry, uuLo deuIers suy.
n ebruury, SuzukI Curry
wus LIe besL seIIer In LIe uuLo-
mobIIe murkeL. TIe modeI Ius
un uordubIe prIce runge und
LIe veIIcIes ure oI good quuI-
ILy, Ko Zuw Inn, un uuLomo-
bIIe deuIer, suId.
n Junuury, YungonILes pur-
cIused u IoL oI ToyoLu`s Probox-
branded cars to run them as
LuxIs. BuL now LIey ure LurnIng
Lo SuzukI pIckup Lrucks us LIere
Is u greuLer demund Ior curryIng
curgoes und pussengers In LIe
W
M
C
Htet Aung cILy, Ie suId.
Suzuki Carry is now sold for
ubouL K6.q mIIIIon ($6,qoo),
another car dealer from Old
TIIrImInguIur uuLomobIIe deuI-
Ing sLuLIon suId, uddIng LIuL
suIes oI Prudo und SurI-brunded
curs uL MIn Ye Kyuw Swur und
OId TIIrImInguIur uuLomobIIe
sLuLIon Iuve sIumped recenLIy.
SuzukI MoLor Corp sLurLed
munuIucLurIng 1oo smuII Lrucks
u monLI In Myunmur IusL yeur
uILer IL receIved upprovuI Irom
LIe Myunmur governmenL
Lo resume producLIon In LIe
SouLIeusL AsIun counLry.
TIe move mude SuzukI LIe
onIy Jupunese uuLomuker Lo be
producIng veIIcIes In Myun-
mur, wIere muny IoreIgn com-
punIes ure seekIng Lo expund
us LIe counLry emburks on eco-
nomIc reIorms. SuzukI used Lo
buIId veIIcIes In Myunmur Ior
11 yeurs, unLII zo1o.
SuzukI, Jupun`s No.q uu-
tomaker by sales, utilises its
exIsLIng pIunL In Yungon, und
ubouL 8o Lo qo empIoyees Is In-
voIved In operuLIons LIere.
SuzukI, wIose ndIun sub-
sIdIury MuruLI SuzukI Is LIe Lop
producer oI smuII curs In ndIu,
Ius suId IL Is uIso consIderIng
buIIdIng u new pIunL In Myun-
mur, uILIougI CIuIrmun Osu-
mu Suzuki has said it could take
yeurs Lo be compIeLed.
SuzukI produced ubouL 6,ooo
uuLomobIIes und 1o,ooo mo-
LorbIkes In LoLuI In Myunmur
beLween 1qqq und zo1o under
u joInL venLure LIuL IncIuded
Jupunese LrudIng Iouse ToyoLu
TsusIo Corp. TIe venLure ended
In zo1o uILer ILs busIness IIcence
Irom LIe governmenL expIred.
ModeIs present a C71 modeI BAIC car at an auto show.
R
e
u
t
e
r
s
C
IInu`s sLuLe-run BeIjIng
AuLomoLIve ndusLry
HoIdIng Co Ld (BAC)
suId IL wIII sLurL seIIIng ILs new
IIgI-end modeI curs In Myun-
mur`s uuLomobIIe murkeL.
Xiu Heyi, chairman of BAIC,
suId, BAC Is one oI LIe Lop
hve cur compunIes In CIInu. We
Iuve soId curs In LIe CIInese
murkeL. Now we ure cIoosIng
Myunmur us our hrsL sLep InLo
LIe ASEAN murkeL.
Jupunese curs usuuIIy domI-
nuLe LIe sLreeLs oI Myunmur`s
IurgesL cILIes, Iowever, InLernu-
LIonuI cur gIunLs IIke ord, KA,
BMW und GeneruI MoLors Iuve
recenLIy been LryIng Lo grub u
pIece oI LIe boomIng uuLo mur-
keL IoIIowIng LIe economIc re-
forms in the Southeast Asian
counLry.
Myunmur`s uuLomoLIve mur-
keL Is IIkeIy Lo grow uL u com-
pound unnuuI growLI ruLe
(CAGR) oI ;.8 percenL (zo1z-
zo1q), reseurcI hrm rosL und
SuIIIvun suId In SepLember IusL
yeur.
CIInese compunIes recenLIy
sLurLed LryIng Lo peneLruLe LIe
local automobile market, with
CIInese uuLomuker CIery Au-
LomobIIe unnouncIng ILs pIuns
Lo seL up u cur ussembIy pIunL In
Phyu Thit Lwin
BAIC to Sell Chinese-made Cars in Myanmar
Myunmur.
Aung Kumur Cur ServIce Co
will act as the local dealer for
BAC.
Two new servIce cenLres In
Nuy PyI Tuw und MunduIuy wIII
uIso be opened soon, cIuIrmun
oI Aung Kumur U Aung SeIn
suId.
BAC, uIso known us BeI-
jIng AuLomoLIve Group, Is LIe
hILI-IurgesL domesLIc CIInese
uuLomuker, buL In zo1z LIe
compuny runked q
th
in terms of
producLIon voIume mukIng .1
mIIIIon wIoIe veIIcIes.
Myanmar Summary
e. ~~, . . . ~~ . .e.e: ~|q.
.,.~ q,~,_.~. ~...~:.
~.q:.~~e...~~~ ~, .~:.
~..~.:._e.._ Suzuki Carry
e: e .:. _ . .....:._e ~.q: .
~~e_e.,..~:_..~q._~:.
~:..q:.~e.q.. ~.~:..~
._.:._.
e. ~, ,~|q .~ , . .q~ .:.~
AA BB Probox ~,.~:..:.~:.
~ :.e: TAXI ~_e. ~.._.q,
_.~.. ~ee . .:._.:....:._.
e.q~..~~.~ ,. Probox
~:..:..~,.~ SUZUKI Carry
e:e.:.~:. ~,.._.~..:
q,. .q.._~..:q, ~e.
. .q:.._~:. _..... ', .,.
~,.~_e ~.q:..~.,._~:.
~.~:..~ ._.:._.
~, ~ . ~:. ~ . . .q.~ . ~
BAIC international . _._~.~:.
...~ ~ . ..: .e _. ~:..:. ~ . .
.:..__e.._~:. .q._.
.~q _.,.:.~:....~~~
.,.~~:..:. ...~~.~.
~.:.. .e:._.. .q:.. ,:._ _~.
~:.~.~.:.. ~.q.e:.~:.~.~
.:.~._. _.,.:.~:....~~.
~.q:~.:.,~ ~,~.~:.
~ . ~ . ._. e. ~ . _., .: ~:....
~~~~.. ~.q:~.:._~:.
.q._.
~:._._. . ._ ~:..:.-. . ~:
.:.~q,~,.,_._.~:. .....
~~e.. .q,~~~.__~ .
....,._~:..q._.
q, ~ , _. .~: ._ . .:e:,e , . ~
~~. ._....~q._ e..~.
. .,:~:..:.~:. .q.._~
e: .:.~_e. . .. . _..~: ._ .e ~
,.~.,q:~ .,~..:._e
~.:. .._... . :.._ _e. ._~: . . q
._.
e.~. ~:._...~_..._ .q.
.:._._..:.- ~.q:e~.q...
q, . ..~: ~._e. . :.. .:.. ~:~ e
q,~~~ ~..q-_~......:q~
.~~..._._e.._.q,~,._.
.:e:,e,.~q _.,e..|. ,,
_.,e~~. .e.e:~|q.~,.._
~.:...:..__e.._~:..q._.
mmbiztoday.com
CLASSIFIEDS
30
mmbiztoday.com
SOCIAL SCENES
31
Showroom opening. Luminarc Staf pose for a photo. Luminarc
MC Daw Tin Moe Lwin. Luminarc
Luminarc Showroom Opening
Speech by Business Manager Daw Pan Ei Hnin Si.
Luminarc
Fords Silver Sponsorship of 3
rd
Oil and Gas
Summit at Hotel Sedona
Petter Furberg, chief executive of cer of Telenor Myanmar, at the
signing ceremony. Telenor
Petter Furberg receives telecoms licence for Telenor. Telenor
A Ministry of Communications and Information Technology del-
egate. Telenor Telenor executives at the event. Telenor
A Ministry of Information delegate. Telenor
Telenor Licence Signing Ceremony
People watch the lion dance competition held in Chinatown of Yangon.
U Aung/Xinhua
Chinese New Year 2014 Celebration
Teachers and students of Fuxing Confu-
cius classroom perform during a gather-
ing to celebrate the coming of the Year of
the Horse in Mandalay.
Hou Baoqiang/Xinhua
Lanterns are displayed at a shopping mall
ahead of the Chinese Lunar New Year in
Yangon. U Aung/Xinhua
Lanterns are displayed at a shopping
mall. U Aung/Xinhua
Ooredoo Licence Signing Ceremony
A Ministry of Communication and Infor-
mation Technology of cial speaks at the
event. Phyu Tit Lwin
Sheikh Abdullah Bin Mohammed Bin Saud
Al-Tani, Ooredoo group chairman, speaks
at the event. Phyu Tit Lwin
Ross Cormack, chief executive of Ooredoo
Myanmar, speaks at the event.
Phyu Tit Lwin
Sheikh Abdullah Bin Mohammed Bin Saud Al-Tani accepts the
licence. Phyu Tit Lwin
Ministry of Communication and Information Technology repre-
sentative and Ooredoo group chairman sign agreements.
Phyu Tit Lwin
Fords booth at the event. Ford
Ford was the silver sponsor of 3
rd
Oil and Gas Summit. Ford
Fords booth at the event. Ford
mmbiztoday.com
32
ENTERTAINMENT
Jet Li to Teach Kung Fu
to Myanmar Students
C
hinese Hollywood star J et
I wIII be yIng Lo Myun-
mur Lo LeucI Kung u Lo
some IocuI sLudenLs In Mundu-
Iuy In CenLruI Myunmur.
TIe ucLor`s cIurILy orgunIsu-
LIon, LIe One ounduLIon, wIII
be donuLIng some sporLs-reIuL-
ed items in the second week of
ebruury Lo Lwo IIgI scIooIs In
LIe cILy oI MunduIuy.
Simultaneously, they will be
IoIdIng murLIuI urLs LruInIng
classes for the students at those
scIooIs.
TIe Iormer WusIu cIumpIon
IImseII wIII muke un uppeur-
unce Lo LeucI u LIIng or Lwo
ubouL murLIuI urLs upon com-
pIeLIon oI LIe course durIng LIIs
yeur.
L wus reporLed LIuL LIe Lwo
Kyaw Min scIooIs were umong LIe premIs-
es LIuL were uecLed by u sLrong
earthquake that occurred in
SepLember IusL yeur.
TIe One ounduLIon ProjecL
was founded in 2007 by J et
I, wIo wus InspIred Lo esLub-
IIsI sucI orgunIsuLIon uILer IIs
duugILer wus suved Irom LIe
2004 tsunami while he and his
IumIIy were vucuLIonIng In LIe
MuIdIves.
First Ever Thai Film Festival in Myanmar in March
A
TIuI hIm IesLIvuI wIII be
IeId In Myunmur Ior LIe
hrsL LIme, brIngIng Lo-
geLIer TIuIIund`s mosL Iumous
hIm sLurs.
TIe hIm IesLIvuI, joInLIy orgun-
Ized by IocuI hrm MedIu ; und
TIuIIund-bused Kunrunu JK, wIII
Luke pIuce Irom z8 Lo o MurcI
Htet Aung uL PeopIe`s Squure In Yungon.
TIe enLry Lo LIe IesLIvuI wIII
be Iree oI cIurge.
TIe orgunIsers suId LIe evenL
wIII promoLe und excIunge cuI-
LuruI und medIu deveIopmenL
beLween LIe Lwo counLrIes.
AL LIe TIuI IIm esLIvuI Yun-
gon zo1q, q hIm sLurs Irom
TIuIIund us weII us Myunmur
actors and actresses will take
purL.
TIe IesLIvuI wIII IeuLure ucLors
Irom LIe Pee Muk, TIuIIund`s
IIgIesL grossIng hIm oI uII LIme,
wIIcI Iud been very popuIur In
Myunmur. Pee Muk, un udupLu-
LIon oI LIe Mue Nuk PIru KIu-
nong Iegend oI TIuI IoIkIore, Is
u comedy Iorror hIm dIrecLed
by Bunjong PIsunLIunuku und
wus reIeused In MurcI zo1.
A farmer in the ancient city of Bagan.
Backyard Travel Releases New Tour:
From the Mountains to
the Sea A Myanmar Journey
Shein Thu Aung B
a
c
k
y
a
r
d

T
r
a
v
e
l
B
ungkok-bused onIIne
LruveI compuny Buckyurd
TruveI Ius unnounced u
new LrIp LukIng LruveIIers on un
expIoruLIon oI Myunmur`s Iund-
scupe, IIsLorIc regIons und Ier-
ILuge sILes.
TIe LrIp moves Irom Yun-
gon LIrougI Bugun und Mun-
duIuy beIore cIImuxIng In LIe
counLry`s SouLIeusL uL NgupuII
BeucI, sLIII u Iesser-known pur-
udIse spoL.
TIe eIeven-duy, Len-nIgIL Lour
begIns In LIe counLry`s com-
mercIuI Iub Yungon, IormerIy
known us Rungoon. WIIIe In
LIe Iormer cupILuI LruveIIers wIII
dIscover LIe IconIc SIwedugon
Pugodu Ied by u IocuI Buckyurd
TruveI guIde.
TIe Lour LIen Lukes LruveI-
Iers Lo LIe uncIenL cILy oI Bugun
where they would be taken to
some Iesser-seen sILes oI LIe
regIon. TIe Lour uIso oers
a cruise down the I rrawaddy
rIver und LIe opporLunILy Lo
puy u vIsIL Lo LIe KuLIoduw Pu-
godu, nIcknumed LIe WorId`s
BIggesL Book due Lo LIe ;zq
murbIe sLone sIubs conLuInIng
BuddIIsL scrIpLure LIuL cun be
Iound LIere.
rom Bugun LIe IuIIy cusLom-
IsubIe Lour moves Lo MunduIuy
Lo vIsIL Lwo Iormer uncIenL cupI-
LuIs oI Myunmur, Avu und Am-
urupuru. Once In Amurupuru,
LruveIIers wIII Iuve LIe oppor-
LunILy Lo vIsIL LIe MuIugunduy-
on MonusLery und Luke u wuIk
uIong LIe worId`s IongesL Leuk
brIdge U BeIn BrIdge.
TIe Myunmur Lour LIen vIs-
ILs scenIc nIe uke Lo observe
the lifestyle of I ntha locals and
their stilted houses with cruise
LrIp uround LIe Iuke Lo see LIeIr
unIque Ieg-rowIng LecInIque us
LIey pIy LIeIr Lrude.
TruveIIers LIen reLurn Lo Yun-
gon wIere LruveIIers cun Luke u
ride around the outskirts of the
city on the famous circular train
beIore vIsILIng LIe busLIIng Bo-
gyoke murkeL IuII oI sLuIIs og-
gIng Iundmude goods und curI-
osILIes.
InuIIy LIe eIeven-duy Myun-
mur Lour ends In NgupuII BeucI
on u serene puIm Lree-IIned
sundy sLreLcI oI cousLIIne.
We conceIved LIIs Lour Lo
satisfy the common trend for
LruveIIers Lo seek boLI cILy und
seu eIemenLs Lo LIeIr Myun-
mur Lours, suId Mueve NoIun,
generuI munuger oI Buckyurd
TruveI, wIIcI uIso specIuIIses In
LuIIor-mude Lours In VIeLnum,
TIuIIund, CumbodIu, uos, n-
donesIu, Jupun und CIInu.
Our new Lour oers u com-
pIeLe Myunmur IoIIduy experI-
ence, IncIudIng cILy Lours, cuI-
tural immersion and the chance
Lo unwInd on Iesser-known pur-
udIse beucIes - u superb com-
bination that can be tweaked to
uny guesL`s specIhcuLIons.
W
M
C
W
M
C

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February 13-19, 2014

rencI dIgILuI securILy soIu-

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