Myanmar Business Today is Myanmar’s first and the only bilingual (English-Myanmar) business newspaper, distributed in both Myanmar and Thailand. MBT covers a range of news encompassing local business stories, special reports and in-depth analysis focusing on Myanmar’s nascent economy, investment and finance, business opportunities, foreign trade, property and real estate, automobile, among others. MBT also provides detailed coverage of regional (ASEAN) and international business stories. For more information please visit www.mmbiztoday.com.
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Myanmar Business Today is Myanmar’s first and the only bilingual (English-Myanmar) business newspaper, distributed in both Myanmar and Thailand. MBT covers a range of news encompassing local business stories, special reports and in-depth analysis focusing on Myanmar’s nascent economy, investment and finance, business opportunities, foreign trade, property and real estate, automobile, among others. MBT also provides detailed coverage of regional (ASEAN) and international business stories. For more information please visit www.mmbiztoday.com.
Facebook: www.facebook.com/MyanmarBusinessToday Twitter: @mmbiztoday
Google Plus: https://plus.google.com/107379179269023670071/posts
Linkedin: http://www.linkedin.com/company/myanmar-business-today
Myanmar Business Today is Myanmar’s first and the only bilingual (English-Myanmar) business newspaper, distributed in both Myanmar and Thailand. MBT covers a range of news encompassing local business stories, special reports and in-depth analysis focusing on Myanmar’s nascent economy, investment and finance, business opportunities, foreign trade, property and real estate, automobile, among others. MBT also provides detailed coverage of regional (ASEAN) and international business stories. For more information please visit www.mmbiztoday.com.
Facebook: www.facebook.com/MyanmarBusinessToday Twitter: @mmbiztoday
Google Plus: https://plus.google.com/107379179269023670071/posts
Linkedin: http://www.linkedin.com/company/myanmar-business-today
mmbiztoday.com mmbiztoday.com April 24-30, 2014| Vol 2, Issue 16 MYANMARS FIRST BILINGUAL BUSINESS JOURNAL Myanmar Summary Myanmar Summary Contd. P 6...(ALB) Contd. P 6...(ALB) Contd. P 6...(ASLA) Contd. P 6...(ASLA) Inside MBT PowerIng Myunmur (PurL ).. P- TroubIed PIpeIInes In Myun- mar.. P- OV Lo geL SLuke In Myun- mur OsIore BIock DespILe osIng.. P-q Economy to Grow 7.8pc in Next Two Fiscals: ADB Infation to soar to 6.6pc in FY2014 and 6.9pc in FY2015 Kyaw Min M yunmur`s econo- my Is IorecusL Lo posL ucceIeruLed growLI oI ;.8 percenL In LIe nexL Lwo hscuI yeurs compured Lo LIe recenLIy- ended hscuI, benehLLIng Irom rIsIng InvesLmenL und Improved busIness conhdence sInce LIe gov- ernmenL sLurLed Lo revIve und open LIe economy LIree yeurs ugo, LIe AsIun DeveIopmenL Bunk (ADB) suId. TIe SouLIeusL AsIun counLry`s economIc growLI Ior LIe hscuI yeur zo1-1q wIIcI ended In MurcI Is esLImuLed uL ;. percenL, supporLed by IoreIgn InvesLmenL, com- modILy exporLs, buoy- unL LourIsm und credIL growLI, LIe MunIIu-bused Iender suId In ILs recenL AsIun DeveIopmenL OuL- Iook zo1q reporL. A number oI deveI- opmenLs IusL yeur con- LrIbuLed Lo ruIsIng My- unmur`s InLernuLIonuI prohIe us un InvesLmenL desLInuLIon, IncIudIng LIe uwurd oI LeIecommunIcu- LIons IIcences, seIecLIon oI InLernuLIonuI Inves- Lors us preIerred bIdders Ior deveIopIng uIrporLs, und IosLIng oI LIe WorId EconomIc orum on EusL AsIu und LIe SouLIeusL AsIun Gumes. Myunmur Ius under- gone un unprecedenLed LrunsIormuLIon sInce IL unnounced u serIes oI re- Iorms LIree yeurs ugo, suId ADB PresIdenL Tuke- IIko Nukuo. ADB Is keen Lo supporL InvesLmenL In LIe energy, LrunsporL, urbun, ugrIcuI- Lure, und socIuI secLors sucI us educuLIon und IeuILI, wIIcI IeIp buIId LIe IounduLIons Ior IncIu- sIve growLI, Ie suId. However, ADB suId rIsks Note: Years are fscal years, ending March31 of the following calendar year International Monetary Fund, ADB estimates ASEAN Agrees to Myanmars Financial Inclusion Proposal Wai Linn Kyaw A SEAN hnunce mIn- IsLers Iuve ugreed Lo Myunmur`s proposuI Lo enIunce u hnuncIuI IncIusIon sys- Lem wIIcI uIms Lo IeIp uII peopIe In LIe regIon geL uccess Lo hnuncIuI servIc- es, u mInIsLer suId. We ugreed Lo enIunce ASEAN`s hnunce coop- eruLIon In our endeuvours Ior economIc InLegruLIon In order Lo supporL ImpIe- menLuLIon oI LIe ASEAN EconomIc CommunILy (AEC), U WIn SIeIn, mInIsLer Ior hnunce, suId uL LIe 18 LI ASEAN Inunce MInIsLers MeeLIng In Nuy PyI Tuw. urLIer dIscussIon ubouL LIe proposuI wIII be mude uL u conIerence IeveI, U WIn SIeIn, wIo Is uIso LIe cIuIr oI LIe re- gIonuI meeLIng, suId. TIe meeLIng dIscussed LIe regIonuI und gIobuI economIc ouLIook, u posL- zo1 vIsIon Ior LIe AEC und cIuIIenges In bunkIng secLor reIorms. L Iocused on deveIopIng LIe hnun- cIuI IncIusIon sysLem In order Ior everyone Lo geL uccess hnuncIuI servIces us Myunmur peopIe ure very weuk In usIng h- nuncIuI servIces, U WIn SIeIn udded. He suId LIe mInIsLers ure commILLed Lo Iu- cIIILuLe robusL economIc growLI In LIe regIon und Lo Increuse LIe regIon`s resIIIence uguInsL cIuI- Ienges. n u joInL mInIsLerIuI sLuLemenL LIe ASEAN hnunce mInIsLers suId: We reum rmed our com- mILmenL Lo reuIIsIng LIe gouIs oI LIe AEC. We con- LInued our ucLIvILIes In vurIous ureus under LIe Roudmup Ior MoneLury und InuncIuI nLegruLIon oI ASEAN. TIe mInIsLers uIso ex- cIunged vIews wILI LIe AsIun DeveIopmenL Bunk (ADB), WorId Bunk, LIe nLernuLIonuI MoneLury und (M) und LIe ASE- AN+ MucroeconomIc ReseurcI Om ce (AMRO) on LIe rIsks und poIIcy cIuIIenges In u bId Lo muInLuIn hnuncIuI und economIc sLubIIILy. MunugIng DIrecLor oI LIe nLernuLIonuI Mon- eLury und (M) Nuoy- . , . ._ . .. . ~~ . . .. :. .q.~.|..:.e..~: q... _. . . . .:.. . .. :..q.. q: ~__...:. ~.~~.:._ _., .:. ~.,_e e. _. .. .. :. ._ _:.q.. . . . .e .|~ .:._ _:.q... ..~ ... q:..,. .~.~ ~ .~~ q, .,. , .q._~: . ~:q e_e.~.~~.q.~ ADB . ~.e:._.:_~:.:.._. _.,.:.~.,_e _...._ ~~,~, _:.q.. . ~ . _.:.q..._.....:. ...~, .. _ .~ . . .:. .q.. :.. . , . . ~_.:.~.~~..:.._~: ... q:..,. ~.~~. ~:.e_:.q.~,_~..:. ~._ .~.~.~ ~, _~..:.~., _e ...~ .q _._ . .:.~:.. . . ._~.. . , ..:.~:. ~ .q:~ . . ~ . q, ~ _ . ._ ~:.. . .|~._ ...:..q..,. ~_ .:q, _.,.:.- ~_~_. .~~:. ..:~.~.._~ ._~:. .q._. ~. .|.. ... .. ~ ...~ . . ~. : . .. :..q.~._.~.,.:. April 24-30, 2014 Myanmar Business Today mmbiztoday.com 2 LOCAL BIZ MYANMARS FIRST BILINGUAL BUSINESS JOURNAL Board of Editors Editor-in-Chief - Sherpa Hossainy Email - sherpa.hossainy@gmail.com Ph - 09 42 110 8150 Editor-in-Charge - Wai Linn Kyaw Email - linnkhant18@gmail.com Ph - 09 40 157 9090 Reporters & Writers Sherpa Hossainy, Kyaw Min, Wai Linn Kyaw, Phyu Thit Lwin, Aye Myat, Pann Nu Art & Design Zarni Min Naing (Circle) Email - zarni.circle@gmail.com Ph - 09 7310 5793 Ko Naing Email - nzlinn.13@gmail.com Ph - 09 730 38114 DTP May Su Hlaing Translators Wai Linn Kyaw, Phyu Maung, Bone Pyae Sone Advertising Seint Seint Aye, Moe Hsann Pann, Htet Wai Yan, Zin Wai Oo Advertising Hotline - 09 420 237 625, 09 4211 567 05, 09 31 450 345 Email - sales.mbtweekly@gmail.com Managing Director Prasert Lekavanichkajorn pkajorn@hotmail.com 09421149720 Publisher U Myo Oo (04622) No. 1A-3, Myintha 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 Khaing Zaw Hnin - snowkz34@gmail.com 09 4211 30133 Business News in Brief No ar ms deal i n Myanmar -Nor th Kor ea talks TIe recenL LuIks beLween u NorLI Koreun deIeguLIon und LIe governmenL dId noL IncIude unyLIIng ubouL urms suIe buL onIy Iocused on LIe LensIon on LIe Kore- un penInsuIu und oLIer dIpIomuLIc Issues, presIdenLIuI spokesperson U Ye HLuL suId. Myunmur, us LIe uILer- nuLe cIuIr oI LIe ASEAN, wouId IIke Lo muke LIe Koreun penInsuIu u nucIeur-Iree zone, so muLLers concernIng LIIs were dIscussed wILI LIe NorLI Koreun deIeguLIon us SouLI Koreu Is u dIuIogue purLner oI LIe ASEAN, Ye HLuL, wIo Is uIso LIe depuLy InIormuLIon mInIsLer, suId. Ger many to help Myanmar car r y out ai r por t pr oj ect Germuny wIII provIde LecInIcuI und hnuncIuI ussIs- Lunce Lo Myunmur`s new InLernuLIonuI uIrporL projecL In Bugo regIon, IocuI medIu reporLed. Two Germun com- punIes Obermeyur PIunen + BeruLen GmbH und GnIp nLernuLIonuI Iuve uppIIed Ior pre-quuIIhcuLIon Ior LIe consLrucLIon oI LIe ,6q-IecLures HunLIuwuddy nLer- nuLIonuI AIrporL, wIIcI Is seL Lo sLurL by zo16. BesIdes uIrporL exLensIon, Germuny wIII uIso muke InvesLmenL In consLrucLIon und muInLenunce oI porLs In Myunmur. Thi lawa Por t to be extended nLernuLIonuI Lenders wIII be InvILed soon Ior LIe con- sLrucLIon oI Lwo more porLs - Ior generuI curgo und con- LuIners - uL TIIIuwu, uL over $zoo mIIIIon oI deveIop- menL ussIsLunce grunLed by Jupun, cIIeI engIneer Myu TIun oI Myunmur PorL AuLIorILy suId. Subcommi ttee to ease i mpor t r estr i cti on on for ei gn goods TIe Trude DeveIopmenL Sub CommILLee (TDSC) Ius been In dIscussIon wILI LIe MInIsLry oI HoLeIs und TourIsm Lo euse resLrIcLIons on ImporLIng wIne und oLIer IoreIgn goods, uccordIng Lo IocuI medIu reporLs. An onIIne uppIIcuLIon sysLem Ior ImporLJexporL enLre- preneur IIcences suw u LrIuI IuuncI In ebruury, meun- Ing busInesses no Ionger Iuve Lo usk permIssIon Irom LIe Myunmur nvesLmenL CommIssIon und LIuL IoreIgn compunIes cun ImporL goods sucI us wIne, oII und oLIer IoreIgn producLs. Author i ti es to dr edge Thanlwi n to ai d goods tr anspor t TIe governmenL wIII work LogeLIer wILI prIvuLe com- punIes Lo dredge LIe TIunIwIn rIver esLuury Lo IeIp sIIps beLLer use LIe rIver Lo exporL goods Irom Indus- LrIuI zones, om cIuIs suId. TIe uuLIorILIes ure pIunnIng Lo esLubIIsI un IndusLrIuI zone In Myunmur`s souLIern Mon sLuLe und uIm Lo use LIe rIver Lo LrunsporL Ieuvy muLerIuIs und curgo Ior u cemenL IucLory. SIum CemenL Group Irom TIuIIund und enLrepreneurs Irom Myun- mur ure pIunnIng Lo buIId u cemenL IucLory neur In Mon sLuLe`s KyuIkmuruw LownsIIp. An IndusLrIuI zone In MuwIumyIne Is uIso beIng pIunned. Tour i sm r ecei pts shoot up by $400 mi lli on Myunmur eurned $qz6 mIIIIon In LourIsm receIpLs IusL yeur, $qoo mIIIIon more LIun LIe Income In zo1z, uccordIng Lo LIe DIrecLoruLe oI HoLeIs und TourIsm under LIe MInIsLry oI HoLeIs und TourIsm. usL yeur`s more LIun z mIIIIon LourIsL urrIvuIs were uLLrIbuLed Lo LIe IosLIng oI LIe z; LI SEA Gumes. TIe LourIsm Indus- Lry grew by q percenL IusL yeur und Ius Ied Lo Increus- Ing job opporLunILIes, vIce presIdenL U Nyun Tun suId uL LIe meeLIng oI CenLruI CommILLee Ior DeveIopmenL oI NuLIonuI TourIsm ndusLry. TIe governmenL wIII Im- pIemenL u TourIsm MusLer PIun zo1-zozo, comprIs- Ing 8 projecLs wILI un esLImuLed cosL oI $q86 mIIIIon. TIe pIun esLImuLes Myunmur`s LourIsL urrIvuIs Lo reucI .1 mIIIIon In zo1 und over ; mIIIIon In zozo. Revenue Irom LIe LourIsm IndusLry Is expecLed Lo reucI $1o.18 bIIIIon und udd 1.qq mIIIIon jobs by zozo, uccordIng Lo LIe musLer pIun. Tox eooding prms to foce 1o-geor joil term BIg compunIes evudIng Lux wIII Iuce 1o yeurs In juII unIess LIey puy LIeIr due Luxes on LIme, IocuI medIu re- porLed quoLIng MIn HLu, dIrecLor generuI oI LIe nLer- nuI Revenue DepurLmenL, us suyIng. OnIy ubouL IuII oI over o,ooo compunIes In LIe counLry ure puyIng Luxes uL LIe momenL und over 6o groups oI compunIes, wIIcI Iuve been evudIng Luxes Ior u Iong LIme, were recenLIy wurned Lo puy Luxes wILIIn u cerLuIn cumpuIgn perIod, MIn HLuL suId. TIe reporL dId noL menLIon wIo wIII go Lo prIson II u compuny Is punIsIed Ior Lux evusIon. n Lerms oI revenue conLrIbuLIon Lo GDP, Myunmur Is LIe smuIIesL umong LIe ASEAN, Inunce MInIsLer U WIn SIeIn eurIIer suId. Myanmar Summary ..~._.:.q...q. .q_~ .,.._q~..~._.:~ ~q.e:.~e.:..e. _....._ ........_ .~,~ .q:.~e.q..e~ ~..:..:.q.,._ ~q.e:.~,..e .q.. .~.,.q.q:~.q..:..:_e.._~:. ._.:_~:..._. :.,.~.,_e ...~...._~.~ ..:~...,._ _.,.:~_.__._.q: e.:~~......:~...q.~~~ ,_ .._:. _:.q.~~ ~_ .:.. . .. :.._ _e. _. . :., ~ . ~ ..._e.._ Obermeyar Planen+Beraten GmbH . Gnip International ~._ ~..|..:~...q.~~~ ~_~~.| .~:_._.._e.._. ~..,..q:.~e.q.e_e.. ...~:.~~.,_e ~. ~_.:. . _.:.~ , .. _ ..:.~:. ~ . .. . q:.:.._e..: ...q, ~~ ~ e~e. .q..:..:.q.~,_~._:,. .......~q._. April 24-30, 2014 Myanmar Business Today mmbiztoday.com 3 LOCAL BIZ Contd. P 12...(Powering Myanmar) Contd. P 12...(Powering Myanmar) Powering Myanmar (Part III): FDI, Geopolitics and the Appetite for Risk Te last part of Breaking Energys series on Myanmar takes a look at the state of foreign investment in Myanmars power sector Kate Rosow Chrisman W IIIe resIdenLs oI Myunmur pro- LesL over eIec- LrIcILy - someLImes on prIcIng, oLIer LImes on uc- cess und mosL recenLIy on envIronmenLuI concerns und CIInese InvoIve- menL - IoreIgn InvesLors ure wuLcIIng Myunmur`s openIng economy wILI Iungry eyes. L`s u coun- Lry wILI u Iuge popuIu- LIon, Iow eIecLrIhcuLIon ruLes und u robusLIy grow- Ing GDP LIuL desperuLeIy needs more reIIubIe en- ergy. Myunmur uIIows power producers Lo ex- porL LIe buIk oI LIe power produced domesLIcuIIy Lo neIgIbourIng counLrIes, despILe ILs own unmeL demund. BuL IeguI roud- bIocks, opuque reguIuLory sLrucLures, u IIgIIy subsI- dIsed eIecLrIcILy progrum und un ungry popuIuce onIy boosL LIe rIsk prohIe Ior IndependenL power producers (PPs) und Ior- eIgn InvesLors. WILI LIe IoosenIng oI suncLIons, InLeresLed In- vesLors ure urrIvIng Irom ouLsIde Myunmur`s neIgI- bourIood. WIIIe InvesL- menLs Irom CIInu, TIuI- Iund, Jupun und SouLI Koreu remuIn sLrong - und unuIysLs suy InLeresL Is us mucI ubouL u geopo- IILIcuI pIuy Ior domInunce In LIe regIon us IL Is ubouL hnuncIuI reLurns und pro- ducIng power - LIe US, Europeun counLrIes und Lo u Iesser exLenL, AusLruI- Iu Iuve uII sIown InLeresL. oreIgn InvesLmenL In LIe counLry brIngs up more quesLIons LIun cun be unswered; LIose In- voIved In LIe power sec- Lor suy LIe busIcs - u IeguI InIrusLrucLure, u sensI- bIe prIcIng scIeme und u cIeur decIsIon mukIng process - do noL exIsL, yeL compunIes ure vyIng Lo breuk InLo LIe murkeL und guIn uccess beIore compeLILors. n zo1z, My- unmur pussed u IoreIgn InvesLmenL Iuw, buL LIere Iusn`L been unyLIIng sInce deuIIng specIhcuIIy wILI IoreIgn InvesLmenLs In power producLIon. TIuL Iuw seL ouL purumeLers Lo encouruge InvesLmenL In LIe counLry, muInIy LIrougI Lux exempLIons, u vow noL Lo exproprIuLe In- vesLmenLs und un ugree- menL Lo use InLernuLIonuI Myanmar Summary _.,.:.~ .....:~ ~:.. . . .. _ .~ .~:~ . .:~.~ ~, .~ . q:. ~, ~ . - .|~ . ~ ._~: ~..q...._:,~:. .._.. .:. _e...'.,..:._. . _.:.q .. ._. . . . .:.._ _., .: . -. .. :..q.~ .|.e . ~..' ~ ...~..:._e _~_q .,_~. _e. ._ .~e ._~: . ..: _.,.:.._ e_~_ ~:.:.. ._ .. .. . . .~:. . ~. .,_. . . ..q.:._.:.._ .. .. .:~ ~:... , .:.,_ ..|. ~: GDP ~~.:.._ .~.._e..,..:._~:. _e.._. _.,.:.._ .~~. .. .. . ~. .~ ~:. _e_ ._ . ...._...q..:._. ~.,. ....:.~:. ....~.. _....~:. ._.:.._. ...: ...~~:.~...:. Workers repair power cable lines in Kawhmu township. A u n g
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T u n / R e u t e r s April 24-30, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 4 Myanmar Summary Myanmar Summary Myanmar Summary Myanmar Buys 2.3 Million Barrels Gasoil, Jet Fuel in Annual Deals Jane Chung, Florence Tan and Seng Li Peng Myunmur Ius uwurded unnuuI conLrucLs Lo buy gusoII Irom PeLroCIInu und jeL IueI Irom u NorLI AsIun LrudIng hrm Ior de- IIvery beLween AprII zo1q und MurcI zo1, Lrude sources suId. SLuLe-owned Myunmur PeLro- cIemIcuI EnLerprIse (MPE) Ius bougIL 1.6q mIIIIon burreIs oI gusoII wILI o. percenL suIpIur conLenL und ubouL ;6o,ooo bur- reIs oI jeL IueI, ubouL LIe sume voIumes us LIe prevIous yeur. or LIe gusoII, MPE puId uround $z.8o Lo $ u burreI ubove SIngupore quoLes on u currIuge-und-Insurunce puId Lo (CP) busIs, Lruders suId. L bougIL LIe uvIuLIon IueI uL uround $.o Lo $q u burreI ubove SIngupore quoLes on u CP busIs, LIey suId. n ILs IusL Lender, Myunmur bougIL 1.-1.6 mIIIIon burreIs oI gusoII und ;oo,ooo burreIs oI jeL IueI, one oI LIe sources suId. or LIe gusoII Lender, LIe sources suId PeLroCIInu Ius won Ior uL IeusL Lwo consecu- LIve yeurs, uILIougI LIIs couId noL be verIhed wILI LIe CIInese compuny. Myunmur usuuIIy buys rehned oII producLs sucI us dIeseI, jeL IueI und gusoIIne vIu Lerm con- LrucLs, buL IL dId noL IncIude gusoIIne In LIe IuLesL Lender, LIey udded. Reuters MAI to Launch Osaka- Yangon Flights Aye Myat S LuLe-run uIrIIne Myunmur AIrwuys nLernuLIonuI (MA) suId IL wIII IuuncI reguIur IgILs beLween KunsuI nLernuLIonuI AIrporL In Osuku und Yungon In LIe IuII. TIe ug currIer oI Myunmur Is pIunnIng LIree IgILs u week, un omcIuI suId. TIe new rouLe Is expecLed Lo cupLure poLenLIuI demund In wesLern Jupun umId u growIng number oI Jupunese compu- nIes openIng busInesses In LIe SouLIeusL AsIun counLry. TIe uIrIIne suId LIe new IgIL servIces wIII murk LIe second reguIur IgIL IInkIng Jupun und Myunmur IoIIowIng LIe IuuncI oI IgILs by AII NIppon AIrwuys (ANA) beLween NurILu nLernu- LIonuI AIrporL neur Tokyo und Yungon. KIIn Muung uLL, cIuIrmun oI Myunmur AIrwuys, suId uL u press conIerence In Osuku CILy LIuL LIe uIrIIne Ius been prepur- Ing Ior LIe IuuncI oI LIe IgILs Ior u yeur und u IuII, und uIms Lo seL LIe uIrIure uL LIe sume IeveI us or cIeuper LIun LIuL oI ANA. TIe cIuIrmun suId MA even- LuuIIy pIuns Lo IInk servIces Irom Myunmur wILI Tokyo`s Hunedu uIrporL us weII us ukuoku uIr- porL In souLIwesLern Jupun. An omcIuI oI New KunsuI n- LernuLIonuI AIrporL Co, LIe Kun- suI uIrporL`s operuLor, ubouL 1 percenL oI InLernuLIonuI IgILs uL KunsuI uIrporL covered SouLIeusL AsIun rouLes, Kyodo news reporLed. TIe uIrporL Is uIso eyeIng IgILs connecLIng CumbodIu, uos und BruneI, suId LIe omcIuI. UNIDO to Help Myanmar Marine Products Processors Phyu Thit Lwin T Ie UnILed NuLIons n- dusLrIuI DeveIopmenL OrgunIsuLIon (UNDO) wIII IeIp eIgIL ouL oI 116 murIne producLs processIng IucLorIes In Myunmur Lo process IIgI- quuIILy producLs Ior exporL Lo Europeun UnIon und AmerI- cun murkeLs, TIn HIu, udvIser Lo MurIne ProducLs Processors und ExporLers AssocIuLIon, LoId IocuI medIu. TwenLy ouL oI 116 IucLorIes Iuve uIreudy goL LIe IIcence Lo exporL LIeIr producLs Lo EU murkeLs wIIIe mosL oI LIem ex- porL Lo neIgIbourIng CIInu. ToLuI proceeds Irom LIe ex- porL oI murIne producLs durIng LIe hscuI endIng on MurcI 1 were $o mIIIIon uguInsL LIe LurgeL oI $;oo mIIIIon und LIe sIorLIuII wus uLLrIbuLed Lo LIe depIeLIon oI hsI sLocks In My- unmur wuLers und unsuccessIuI operuLIons due Lo Iuck oI com- mercIuI vIubIIILy. _.,.:.~.,_e PetrolChina . ..:.:.. North Asian Trading . ..e:..:.~:. -_. ~~, . .~ ~~ ~ ~....: ~ee. .:......._~:. .q._. ~..q. _.,.:.q,..:~..,. (MPE) . e...~ ~ee.._ ..:~~~ .. ..: .:. ._ ..| . ~ ... ', .,. .:.e: ._ ... q:. . , .. ..e: . . , . ' ..:.~~:. ~ee.._~:. .q ._. _., .:. ~.,_e e. ~e e . .:. ~ .~e ..e:.. ~... .:~ . .:. . . , ~e e .. q ._. _.,.:~_.__._.q: ..._~:. . . (MAI) ._ ., . ~ .:~: _.q Kansai International ..... q,~,~_.__._.q:..... e. . . ~ , . .~ .q .. .. ~. . ~ .~ ._... ._ _e. ._~: . ~ _., :.._ . _.,.:~_.__._.q:..._~:. ~.,_e ~..~. ....|~._... .:.._e .q_.. ~..|.q..~., _e _.,.:.~ ...:..q...~ ...:._.:..,._ .,.~.,:~ . .. ~ . ~ .:.~:. . ..: . :.. ._e ..:.:.._. ~....~.e_e..q.~e~._. (UNIDO) ~.,_e _., .:. . ~q_ ~..._.~,.._..:.~:. .q:. An MAI aircraft at Yangon International Airport. S h e r p a
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T u n / R e u t e r s April 24-30, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 5 Myanmar Summary Contd. P 10...(Pipelines) Contd. P 10...(Pipelines) Troubled Pipelines in Myanmar Te Sino-Burmese pipeline project has the potential to signifcantly beneft both China and Myanmar. From the Chinese perspective, however, the pipelines may be creating more problems than they would solve. Nicholas Borroz Bur mese openi ng and the pi peli nes TIe mosL unexpecLed LrunsIormuLIon under- gone by u counLry In LIe z1sL cenLury Ius perIups been LIuL oI Myunmur. n LIe spuce oI u Iew yeurs, IL Ius morpIed Irom un IsoIuLed uuLIorILurIun re- gIme InLo u burgeonIng democrucy, emergIng us u mujor InvesLmenL LurgeL Ior IoreIgn busInessmen. As LIIs IusL IronLIer murkeL Is opened up Lo LIe Iorces oI gIobuIIsu- LIon, LIe counLry seems IrreversIbIy desLIned Ior sIgnIhcunL economIc und socIeLuI deveIopmenL. OI LIe muny InvesL- menL projecLs LukIng pIuce In Myunmur, LIe SIno-Burmese pIpeIInes ure LIe mosL grundIose. WILI ecIoes oI LIe Pun- umu CunuI, LIe pIpeIInes seek Lo expund LIe IImILs oI energy LrudIng rouLes LIrougI LIe consLrucLIon oI u mussIve mun-mude InIrusLrucLure projecL. ConsLrucLIon begun In zo1o, wIen Myunmur wus u purIuI sLuLe und CIInu wus one oI LIe Iew coun- LrIes enguged In busIness LIere. TIe projecL wus muLuuIIy benehcIuI Ior boLI counLrIes, buL LIe CIInese In muny wuys Iud sIgnIhcunL Ieveruge In ne- goLIuLIng LIe deuI becuuse oI Myunmur`s IsoIuLIon. TIe projecL consIsLs oI Lwo pIpeIInes, upproxI- muLeIy 1,ooo kIIomeLres Iong, wIIcI curry Bur- mese nuLuruI gus und Im- porLed crude oII ucross Myunmur Lo CIInu. TIe sLuLe-owned oII compu- nIes oI LIose Lwo coun- LrIes, Myunmu OII und Gus EnLerprIse und CIInu NuLIonuI PeLroIeum Cor- poruLIon (CNPC), Ieud LIe projecL. An osIore gus LermInuI und u deep-seu porL on Muduy sIund Ieed LIe nuLuruI gus pIpeIIne, wIIcI Ius u cupucILy oI 1z bcm per yeur und Is uI- reudy operuLIonuI. TIe oII pIpeIIne, wILI u cupucILy oI qqo,ooo bbpd (ubouL 1o percenL oI CIInu`s LoLuI ImporLs), Lo be suppIIed mosLIy Irom AIrIcu und LIe MIddIe EusL, wIII be compIeLed IuLer LIIs yeur. TIe pIpeIIne projecL Is uIso InLerconnecLed wILI severuI oLIer InIrusLruc- Lure projecLs. A SpecIuI EconomIc Zone on LIe Burmese cousL Ius been desIgned Ior IoreIgn com- punIes Lo consLrucL und operuLe peLrocIemIcuI pIunLs und oversee LIe exporL oI CIInese prod- ucLs. CNPC uIso InLends Lo buIId sLoruge Lunks LIuL couId sLore 1; duys` worLI oI LIe oII pIpeIIne`s cupuc- ILy. urLIermore, u new Yunnun-Arukun ruIIwuy Is pIunned, wIIcI wIII Iu- cIIILuLe LIe LrunsporL oI goods und peopIe Irom LIe Burmese cousL Lo CII- nu`s souLIwesL. Benepts for Mgon- mar TIe pIpeIInes wIII uc- ceIeruLe Myunmur`s eco- nomIc deveIopmenL In LIree mujor wuys: TIe projecL wIII uLLrucL more IoreIgn InvesLmenL, wIIcI IueIs mucI oI My- unmur`s economIc growLI (IL Is esLImuLed LIuL My- unmur needs $1;o bIIIIon In IoreIgn InvesLmenL Lo ucIIeve ILs growLI po- LenLIuI). TIe pIpeIInes` consLrucLIon purLIcuIurIy enIunces Myunmur`s rep- uLuLIon us un oII und gus producer, wIIcI wIII spur greuLer InvesLmenL In LIe energy secLor; Myunmur`s growIng roIe us un energy suppIIer Is evIdenced by LIe recenL rounds oI o- sIore Lenders In wIIcI numerous oII mujors und smuIIer IoreIgn compu- nIes Look purL. AddILIonuI- Iy, LIe pIpeIInes wIII Iuve rIppIe eecLs LIrougIouL LIe Burmese economy, creuLIng u myrIud oI oLIer opporLunILIes Ior IoreIgn InvesLmenL, especIuIIy In LIe IndusLrIuI und hnun- cIuI secLors. z) Myunmur sLunds Lo eurn sIgnIhcunL revenues by seIIIng ILs oII und gus resources on worId mur- keLs. SInce zooo, Myun- mur Ius been LIe Iurg- esL nuLuruI gus exporLIng counLry In SouLIeusL AsIu, und In zo1z, q1 percenL oI uII exporL eurnIngs were derIved Irom nuLuruI gus suIes. As Myunmur`s rep- uLuLIon us u Iydrocurbon producer deveIops, und us LIe recenLIy grunLed IIcences Ior osIore und onsIore bIocks become operuLIonuI, LIe umounL oI oII und gus uvuIIubIe Ior exporL wIII expund, LIere- by IncreusIng governmenL revenues. ) TIe pIpeIInes wIII IeIp Myunmur meeL ILs rIsIng domesLIc energy demund _., .:. ~ .,:~ _., .. _ . ..: _._. ._.: .. . . ~~ . _.:.q .. ._. . . . .:. ~. ., ~_.:..:._.:..:.|._.~~~ . . . ~ .~ . ..: ~~~~ ~ . . ~:q _ ._ . , _., .:~ . ......._ .:~.:~ .. .q,...~ _.,.:.. ~.. ~,~.. ~.q, The construction site for the China-Myanmar pipeline. R e u t e r s April 24-30, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 6 From page ...(ALB) From page ...(ALB) From page ...(ASLA) From page ...(ASLA) Myanmar Summary Lo LIe ouLIook wIII come Irom eLInIc und secLurIun LensIons, vuInerubIIILy Lo bud weuLIer und InuLIon. nuLIon Is IorecusL Lo uc- ceIeruLe Lo 6.6 percenL In Yzo1q und 6.q percenL In Yzo1, owIng Lo u boosL Lo pubIIc secLor wuges, IIgIer eIecLrIcILy LurIs und rIsIng properLy prIces In cILIes, LIe Iender suId. ADB suId meeLIng LIe energy cIuIIenge wIII pIuy u mujor roIe In poverLy reducLIon und sLImuIuL- Ing regIonuI deveIop- menL, wIIIe Improved power suppIy Lo uII eLInIc groups wIII conLrIbuLe Lo LIe peuce dIvIdend. Myunmur`s power sec- Lor Is one oI LIe IeusL deveIoped In SouLIeusL AsIu. OnIy over IuII LIe LoLuI InsLuIIed cupuc- ILy oI ,q meguwuLLs Is hrm, or IIgIIy reIIubIe, us weuLIer-dependenL Iy- dropower uccounLs Ior ; percenL oI LoLuI eIecLrIcILy generuLIon. Myunmur`s per cupILu eIecLrIcILy consumpLIon wus onIy 16o kIIowuLL- Iours In zo11, LIe IowesL In SouLIeusL AsIu, resuIL- Ing Irom u Iow eIecLrI- hcuLIon ruLe esLImuLed LIuL yeur uL z8 percenL oI LIe popuIuLIon, weuk IndusLrIuI deveIopmenL und u Iuck oI InvesLmenL, uccordIng Lo LIe WorId Bunk und ADB esLImuLes. A recenL ADB sLudy noL- ed LIuL Myunmur couId reucI upper mIddIe-In- come sLuLus by zoo II IL overcomes deveIopmenL cIuIIenges, buL currenLIy ubouL u quurLer oI LIe popuIuLIon IIves beIow LIe nuLIonuI poverLy IIne. ukI SIInoIuru suId uL LIe meeLIng LIuL Myunmur`s economy, despILe open- Ing up LIree yeurs ugo, sLIII Ius cIuIIenges uIeud, uddIng LIuL IL Is un ud- vunLuge Ior LIe counLry`s economy Lo InvILe mun- uIucLurer-bused InvesL- menL. TukeIIko Nukuo, presI- denL oI LIe AsIun DeveI- opmenL Bunk, covered LIe ouLIook Ior ASEAN economIes und poIIcy cIuIIenges Ior LIe regIon. AILer u sLrong eco- nomIc perIormunce IusL yeur, ASEAN`s economIc growLI Is IorecusL Lo re- muIn sLeudy uL percenL Ior zo1q, ucceIeruLIng Lo .q percenL In zo1, uc- cordIng Lo ADB`s IuLesL AsIun DeveIopmenL OuL- Iook. TIe mucroeconomIc IundumenLuIs oI LIe ASE- AN counLrIes ure mucI sLronger LIun In 1qq;, Nukuo suId. L Is cIeur LIuL ASEAN members ure workIng Iurd Lo uddress sLrucLuruI weuknesses especIuIIy In LIose coun- LrIes wILI currenL uccounL und hscuI dehcILs. SLrong commILmenL Lo pursuIng LIese poIIcIes IeIps buIId murkeL conhdence und LIus reduces rIsk. ._~:. ~:qe_e..q.~- ~~, . .. :..q.. ... . ~. q . .: ~ _...e:_.:.._. ...: _.,.:.~.,_e ~.q..:.~.q.. ~_.:.._ .~ .:. q:. ~ . .q :.. . . ._~..e: .. . ~ ~..'~ ._ . ADB . .:~_.:.._. . ._~..e: .. . ~.,_e . . . ..:.:. .. .. .:~ ~:... , . :._..:... _._~..:.~ .... , ._. ~~ _. .~ ._~: ~~, _:.q.. . ~ ' ... ' q:. . , .. ~~ _:.q. ..~ ' ... q:..,.. .q:~q . ._~:. ., .,.:. ._. ADB . _., .:. ._ e _e . ~.~~..q: .,..'..:. ~:. .~:.:...|~ ~,~ ~.q:~ ~ ~.e ~.~ ~ . q._ .~_e.. .q:~q . ._ . ~:. . ... .. ..... _~_. . ~~ ~_~ ~:.e...:..q.~.~ ~~,.- q_.,..~. ~ . . , .~__._. ._.: .. . . q: .,..'..:.~:. ....... _~._ ... ... .. ~_. .~ ..~ ._~_:.~ ~. ..: ~ _., . ._. Asian Wings Airways Rolls Out Mandalay-Chiang Mai Route Eyes more international routes Wai Linn Kyaw A sIun WIngs AIrwuys (AWA) sLurLed ILs hrsL InLernuLIonuI IgIL Irom Myunmur`s second-IurgesL cILy MunduIuy Lo TIuIIund`s CIIung MuI recenLIy, LIe IocuI uIrIIne suId. TIe currIer wIII operuLe Lwo IgILs every week on Wednes- duy und SuLurduy beLween LIe Lwo cILIes, AWA suId. Pussengers Irom CIIung MuI cun y noL onIy Lo MunduIuy, buL uIso Lo HeIo wILI ImmedI- uLe connecLIon Irom MunduIuy wILI LIe sume Iure, AWA suId. As u prIvuLe uIrIIne bused In Yungon nLernuLIonuI AIrporL, AsIun WIngs AIrwuys wus Inuu- guruLed In SepLember zo1o. L sLurLed ILs domesLIc IgIL operu- LIons, boLI scIeduIe und cIur- Lered IgILs, In Junuury zo11, und Is currenLIy yIng Lo 1z domesLIc desLInuLIons IncIudIng Nyuung Oo, Yungon, MunduIuy, Nuy PyI Tuw, HeIo, MuwIumyIne, MyIL- kyInu, umong oLIers. AWA Ius u eeL oI LIree ATR ;z-oo uIrcruILs wILI cupucILIes rungIng Irom 6q Lo ;o seuLs per uIrcruIL. L used Lo y un AIrbus Az1 In ILs domesLIc scIed- uIed operuLIons und InLernu- LIonuI cIurLered ones, buL wus reLurned us LIe Az1 wus noL vIubIe In Lerms oI prohLubIIILy us muny domesLIc uIrporLs Ius consLruInLs In uccommoduL- Ing LIe bIg uIrcruIL, U Ye MyuL MIn, commercIuI munuger oI AsIun WIngs AIrwuys, LoId My- anmar Business Today. We Iuve been yIng us u IuII servIce currIer sInce our debuL und Iuve empIusIsed on muIn- LuInIng InLernuLIonuI suIeLy sLundurds, wIIcI we LIInk ure LIe mosL ImporLunL vuIue un uIrIIne Lo udIere Lo ruLIer LIun cosL. We oer very reusonubIe Iures Ior every rouLe Ior u IuII servIce currIer, Ie suId. U Ye MyuL MIn suId LIe uIrIIne Is uIso pIunnIng Lo expund ILs InLernuLIonuI rouLe Lo severuI regIonuI desLInuLIons us Bung- kok, SIngupore, KuuIu umpur und BuII, In LIe IuLure upon LIe reInIorcemenL oI ILs eeL wILI LIe AIrbus Azos. n SepLember IusL yeur, Ju- pun`s IurgesL uvIuLIon group ANA HoIdIngs nc suId IL wIII buy u sLuke In AWA us purL oI un InLernuLIonuI expunsIon sLruL- egy, wIIcI wIII muke IL LIe hrsL IoreIgn InvesLor In Myunmur`s nuscenL uvIuLIon IndusLry. TIe Jupunese currIer wIII puy $z mIIIIon Ior u qq percenL sLuke In LIe Myunmur currIer, LIe Tokyo-bused uIrIIne suId In u sLuLemenL. As purL oI LIe In- vesLmenL, ANA wIII work wILI AWA Lo Improve ILs operuLIonuI und on-LIme perIormunce und sup porL ILs expunsIon InLo mur- keLs ouLsIde Myunmur, ANA suId. CurrenLIy, AsIun WIngs AIr- wuys Is In LIe process oI ne- goLIuLIng regurdIng LIe joInL venLure ugreemenL wILI ANA, Ye MyuL MIn suId. Asian Wings Airways (AWA) ._ ,.-.....~_.__._. q: ..._~:..q..~_e. _.,.:. - .~e~_~..._..~: ...... .. .... ._~:.~ ._... .~:.__e.._~:. .q._. ~..|.q..~q ~.~. -.e. . ..,.,~. _._~..._.. ._... .:..__e.._~:. .q._. q, ~ , ~_._ _._ . q:... . ~ ~._..~ ._ ..~...._~:..._e. ._ Asian Wings Airways ._ ~~~ .~~:.~ .~._. . _e. _. . _._ ~ ...._~: .. ..:.q. . . , ..:.~:. ~~~ . . . ~, ,~|q. ~ .~._.. .~q~ ._:. q,~, ..... .,_._.~: ee. ..:._. _.._~.,:. ~.q._ _._ ~ ...._~: ..q .. ~ . ~:. . . , ._....~q._. _...._.. .~~:.~~.~ ., . -~_~ .. ...._~: .~ . ~ _e.._ ANA Holdings Inc . ,. ~ -~_._ _._ . q:...~ ~ . . -e:~q AWA -qee: , q:. .,.~:. ..'.: .,._e ~ee q, ~......._. ~..|~.......: .~:_..|~ ANA Holdings Inc ._ _.,.: ..._~:....~~~~~ .... _._ .q .. ._. . . . _e. .:._ _e. ._ . ANA Holdings Inc ~.,_e q... _....~~~ AWA ~:. ..,. ..: q ~ .~ .q.. . ...~ ~ . . ~ ~ ~.:~ ~. .:....._ e .q..:.:.._. A s ia n
W in g s Mandalay palace. U Pein bridge in Mandalay. A s ia n
W in g s International Monetary Fund, ADB estimates April 24-30, 2014 Myanmar Business Today mmbiztoday.com 7 LOCAL BIZ Myanmar Summary Myanmar Summary Singapores Vocational Training Centre Eyes Skilled HR Pool M yunmur und SIngupore Iuve sIgned un ugree- menL Lo esLubIIsI u SIngupore-Myunmur Vo- cuLIonuI TruInIng nsLILuLe (SMVT) In u bId Lo deveIop skIIIed Iumun resources In LIe recenLIy-opened SouLIeusL AsIun counLry. TIe SMVT uIms Lo provIde vocuLIonuI LruInIng Ior Myunmur youLIs, und buIId u pooI oI skIIIed workers wIIcI wIII IeIp Lo uLLrucL IoreIgn InvesLmenLs InLo My- unmur, RoberL CIuu, umbussudor oI SIngupore Lo My- unmur, suId. TIe SMVT wIII uIso IeIp buIId Myunmur`s cupucILy In vocuLIonuI educuLIon by LruInIng Myunmur InsLrucLors, Ie udded. TIe SMVT InILIuLIve wus hrsL unnounced durIng LIe sLuLe vIsIL oI SIngupore PresIdenL Dr Tony Tun Lo Myun- mur In AprII IusL yeur. TIe memorundum oI undersLundIng on LIe progrum wus sIgned by DIrecLor-GeneruI oI LIe TecInIcuI und VocuLIonuI EducuLIon DepurLmenL oI LIe MInIsLry oI ScIence und TecInoIogy U Zuw WIn und RoberL CIuu In Nuy PyI Tuw. TIe Myunmur governmenL Ius provIded LIe prem- Ises oI LIe Iormer Burmu PoIyLecInIc ScIooI uL No.1z NuLmuuk Roud, Yungon, Lo Iouse LIe governmenL-Lo- governmenL Iumun resource deveIopmenL projecL. MInIsLer Ior scIence und LecInoIogy Ko Ko Oo suId LIe deuI wIII conLrIbuLe Lo economIc und Iumun resources deveIopmenL und cupucILy buIIdIng Ior LIe sLu In pub- IIc udmInIsLruLIon. SMVT courses wIII be open Ior pubIIc regIsLruLIon uI- Ler seLLIng up LIe LruInIng IucIIILIes, SIngupore Embussy In Myunmur suId In u sLuLemenL. TIe SMVT wIII comprIse Iour LruInIng scIooIs oI HospILuIILy und TourIsm, EIecLrIcuI SkIIIs und EIecLron- Ics, ucIIILIes MunugemenL und EngIneerIng ServIces. SIngupore`s vocuLIonuI educuLIon provIder, LIe n- sLILuLe oI TecInIcuI EducuLIon EducuLIon ServIces (TEES), wIII desIgn LIe course currIcuIu und udmInIs- Ler LIe SMVT In purLnersIIp wILI LIe MInIsLry oI ScI- ence und TecInoIogy, LIe SInguporeun embussy udded. ApurL Irom LIe SMVT, SIngupore uIso supporLs My- unmur`s Iumun resource deveIopmenL LIrougI LIe My- unmur-SIngupore TruInIng CenLre (MSTC) In Yungon, wIIcI Ius provIded LruInIng Ior Myunmur cIvII servunLs sInce zoo1. SIngupore uIso works wILI Myunmur under LIe SIn- gupore-Myunmur TecInIcuI CooperuLIon Progrumme (SMTCP), u LecInIcuI ussIsLunce puckuge desIgned Lo supporL Myunmur`s ASEAN CIuIrmunsIIp und buIId cupucILy In economIc deveIopmenL, Iumun resource deveIopmenL und pubIIc udmInIsLruLIon. TIese InILIuLIves sIow SIngupore`s commILmenL Lo supporL Myunmur`s reIorms us weII us sLrengLIen our cIose bIIuLeruI LIes, CIuu suId. TIe SMVT wIII uIso IurLIer sLrengLIen our peopIe- Lo-peopIe reIuLIons, us our SIngupore munugemenL Leum und IecLurers work cIoseIy wILI LIeIr Myunmur counLerpurLs Lo muke LIIs projecL u success. Pann Nu UMFCCI to Set Up Business Forum to Aid Domestic Entrepreneurs First Myanmar Business Forum expected in July Kyaw Min T Ie UnIon oI My- unmur ederuLIon oI CIumbers oI Commerce und ndusLry (UMCC) wIII seL up My- unmur BusIness orum (MB) In u bId Lo supporL LIe prIvuLe busIness en- LILIes In LIe counLry, LIe upex busIness body suId. TIe Iorum wIII be per- IormIng us u brIdge be- Lween prIvuLe busIness orgunIsuLIons und LIe governmenL, IL suId, udd- Ing LIuL workIng groups oI boLI sIdes wIII be Iormed Ior LIe conLInuous dIscus- sIon beLween LIem. n ebruury, PresIdenL TIeIn SeIn InsLrucLed LIe IormuLIon oI LIe Iorum In u meeLIng wILI enLrepre- neurs. PrIvuLe busIness orgunI- suLIons wIII be ubIe Lo pre- senL economIc cIuIIenges und dIm cuILIes LIey Iuce Lo LIe governmenL In LIe Iorum, wIIcI wIII be IeId LwIce u yeur, UMCC suId. TIe hrsL busIness Iorum wIII be IeId In JuIy LIIs yeur, sources suId, udd- Ing LIuL LIe MB wIII be cIuIred by PresIdenL U TIeIn SeIn. U WIn Aung, cIuIrmun oI UMCC, suId MB Is expecLed Lo reporL on LIe condILIons oI enLrepre- neurs und supporL LIe deveIopmenL oI LIe eco- nomIc secLor. nLernuLIonuI InuncIuI CorporuLIon (C) oI LIe WorId Bunk Group, wIII oer LecInIcuI supporL Lo UMCC Ior IoIdIng LIe MB. As u hrsL pIuse, MB OrIenLuLIon MeeLIng wus IuuncIed Lwo weeks ugo. C IeIped Iorm sImIIur Iorums In 1 oLIer counLrIes, IncIudIng ASE- AN members uos, Cum- bodIu und VIeLnum. AccordIng Lo vurIous es- LImuLes, LIe prIvuLe secLor uccounLs Ior qo percenL oI Myunmur`s economy. _.,.:..~..~..~, ._ _~ ..:.~. . (UMFCCI) ~.,_e...:..q.e _e.~ .~~. . :.~~ ~ ~.:~ ~~ _e. .. q, _., .: . .. :..q.e q. ~. q. ~:. ~ ..._ _e. ._ . ~. .| e q. ~:.~. . . . . . _~ . ~ ..._ _e. _. ._._ ~ . ..,.q.:._~.~.,q._ ...:..q..q:. , ..'. .:.. ~.~ ~. .:.~:.~ _....... .__e.._. ~. .| e q. ._ ~. .q. ..~. .. :..q.~e ~._ ..:. ~_~:...| .~ .~_e.....: ....__e._.. ..e~~e.:.. . . , .. .. q:~e . .:.e ._.~:........:.~:. . .~ ._.~ . . ..: . :.._ _e. ._ . ~..|e q. -..~.~ : ~:.-_. q~ ~~...__e. ._ .
_.,.:. .~:..._ ....~:.~q.~_..e_e..~ ~~ ~.~...~...~:..~,..~:. Singapore- Myanmar Vocational Training Institute (SMVTI) ~:.e..q,..:~ _..:....._.._e.._~:. .q._. SMVTI ~.,_e_.,.:...q:.:.~:..~ .. .. . q:. ~, ..:.. ._. .~:._e _., .:. -. . . .~:.~q .~_.. e _e .. ~ ~ ~ ..: q ~ .__e.._. ~..|.~,..~:.~:. .~:. ..~ _.,.:..~._~.~.:.q:~.~~. e..q, ......._.._e.._. SMVTI ~.,_e e~e. .q. . :..:.q... .. . ~ .~ .q:,. ~..~..~,. ...,..q..~,e:.~,. .:.......:..__e.._. Local private businessmen attend the president and local private businessmen meeting in Yangon, where the president instructed the formation of a forum to support domestic entrepreneurs. U A u n g / X in h u a April 24-30, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 8 Myanmar Summary Myanmar Summary Thai Entrepreneurs Eye Myanmar Entry Through Bizmatch Fair Pann Nu T IuI enLrepreneurs ure seekIng Lo brouden co- operuLIon wILI LIeIr My- unmur counLerpurLs LIrougI u busIness muLcImukIng IuIr, LIe orgunIsers suId. TIe evenL, TIuIIund Week BI- zmuLcI uIr zo1q, Is orgunIsed by LIe DepurLmenL oI nLernu- LIonuI Trude PromoLIon (DTP) under LIe MInIsLry oI Com- merce oI TIuIIund und TIuI- Iund-bused TT Co Ld, und wIII be IeId on AprII o uL Purk RoyuI IoLeI In Yungon. We wurmIy InvILe respecLIve enLrepreneurs In Myunmur Lo purLIcIpuLe In LIIs BIzmuLcI worksIop. TIe purLIcIpuLIng compunIes wIII Iuve LIe cIunce Lo dIscuss wILI eucI oLIer Ior 1 mInuLes. TIuI compunIes und Myunmur busIness peopIe wIII excIunge LIeIr poInL oI vIew Lo cooperuLe In poLenLIuI secLors, suId Boon nLIruLunu, mInIsLer counseIIor oI DTP. TIe busIness muLcIIng IuIr beLween TIuI und Myunmur enLrepreneurs wIII be joIned by ubouL qo compunIes Irom Bungkok und ILs neIgIbour- Ing cILIes und CIIungmuI, TT suId. TIe one-Lo-one busIness muLcIIng Is urrunged In z ses- sIons on LIe sume duy. TIere ure u wIde urruy oI producLs TIuI seIIers ure goIng Lo dIscuss wILI enLrepreneurs Irom Myunmur, IncIudIng con- sLrucLIon muLerIuI, Iurdwure und mucIInery, eIecLrIcuI uppII- unces, Iood und beveruges, gur- menL, LexLIIe und IusIIon ucces- sorIes, gems und jeweIIery, gIILs und decoruLIve ILems, IeuILI und beuuLy producLs, IospILuI, IoLeI und spu servIce us weII us IouseIoId und kILcIen prod- ucLs. AccordIng Lo omcIuI sLuLIs- LIcs, bIIuLeruI Lrude beLween Myunmur und TIuIIund sLood uL $q. bIIIIon In LIe hrsL nIne monLIs (AprII-December) oI LIe hscuI yeur zo1-1q. OI LIe LoLuI umounL, My- unmur`s exporL Lo TIuIIund reucIed $. bIIIIon wIIIe ILs ImporL Irom TIuIIund sLood uL $q;1.q6 mIIIIon. n zo1, TIuI enLrepreneurs meL UMCC cIuIrmun Lo ex- cIunge busIness dIuIogue und boIsLered eorLs Lo Increuse commercIuI und IndusLrIuI In- vesLmenLs In Myunmur. TIuIIund Ius InvesLed $q.qq Taiwan ICDF Opens Myanmar Branch Wai Linn Kyaw T uIwun`s oreIgn MInIs- Lry-Iunded InLernuLIonuI uId orgunIsuLIon, TuIwun nLernuLIonuI CooperuLIon und DeveIopmenL und (CD), Ius recenLIy opened ILs hrsL overseus omce In Myunmur, un CD omcIuI unnounced. TIIs Is TuIwun CD`s hrsL overseus omce, und LIe open- Ing wIII boosL TuIwun`s pres- ence In LIe counLry und couId IucIIILuLe bIIuLeruI cooperuLIon wILI Myunmur In LIe yeurs Lo come, Morgun CIuo, depuLy secreLury-generuI oI LIe CD, suId uL u oreIgn MInIsLry news brIehng In TuIwun. CIuo suId LIe CD omce Is expecLed Lo oer ussIsLunce Lo IeIp Myunmur`s governmenL on rIce cuILIvuLIon. TuIwun Is uIso seL Lo InLroduce pIoLovoI- LuIc or SoIur EIecLrIc Lo Myun- mur, us onIy ubouL zo percenL oI Myunmur`s peopIe Ius uccess Lo eIecLrIcILy. TIe omce wus esLubIIsIed un- der u memorundum oI under- sLundIng sIgned beLween LIe Lwo sIdes In OcLober zo1, CIuo suId. TIe Myunmur uuLIorILIes omcIuIIy upproved LIe CD oI- hce In MurcI. A ceremony Lo murk LIe open- Ing oI LIe TuIwun CD Myun- mur BruncI Omce wus IeId In Yungon, wILI CD SecreLury- GeneruI Tuo Wen-Iung presenL Lo IosL LIe ceremony. However, TuIwun doesn`L Iuve un omcIuI represenLuLIve omce In Myunmur us CIInu cIuIms TuIwun u purL oI ILs Ler- rILory. TIe TuIwun ExLernuI Trude DeveIopmenL CouncII (TATRA), TuIwun`s upex Lrude deveIopmenL orgunIsuLIon, opened u Lrude omce In Yungon In November zo1. bIIIIon In Myunmur us oI Junu- ury zo1q sInce 1q88, mukIng IL second In Myunmur`s IoreIgn InvesLors` IIne-up. ~.. ._.:..q.~,_~._:,. . ._~.. . ....:.._ ~_._ _._ . q: ~e ~._ ._e. ..: ~. ~_._ _._ . q:. ...| ...: q ~ .q.. e_e..q.q,..~e (ICDF) ._ ,.-...._._.,..,.~:. _.,.: .~ e...~._~:. ._~_: .._. ~. .|, .~.,_e _., .:. ~ ~..-.....:.~:. ....: ._ _e. _. . ._~:. . . .:.~ _., .:. . ....~.e..:.~:. ~._. .:..__e.._~:..q._ . Publicis Enters Myanmar in Partnership With Local Agency Aye Myat
rencI muILInuLIonuI ud-
verLIsIng und pubIIc reIu- LIons compuny PubIIcIs WorIdwIde Ius enLered My- unmur LIrougI un umIIuLIon ugreemenL wILI MunduIuy Ad- verLIsIng, u IocuI ugency. TIe move wIII see LIe Iormu- LIon oI u new compuny, Mundu- Iuy AdverLIsIng-PubIIcIs, wIIcI wIII become purL oI PubIIcIs AsIu-PucIhc. L IoIIows LIeIr recenL joInL wIn oI NescuI In u compeLILIve pILcI. PubIIcIs Iud prevIousIy worked wILI MunduIuy Ior me- dIu buyIng In LIe murkeL. MunduIuy`s senIor munuge- menL Leum wIII remuIn In pIuce. Kyuw Zuy Yu wIII Ieud LIe op- eruLIon us munugIng dIrec- Lor uIongsIde ouIs-SebusLIen OII, cIIeI execuLIve oI PubIIcIs TIuIIund. TIe senIor sLruLegy udvIsor und dIrecLor wIII uIso conLInue In LIeIr roIes. OII suId PubIIcIs wouId uIso reIocuLe some sLu members Lo Myunmur. PubIIcIs TIuIIund wIII be re- sponsIbIe Ior InLegruLIng Mun- duIuy InLo LIe neLwork. Yu Iounded MunduIuy In zoo6. L Ius u Leum oI uround o und servIces cIIenLs sucI us AbboLL, TIger BuIm, Muzdu und OIsII us weII us NesLI. OII suId PubIIcIs vuIued Mun- duIuy`s enLrepreneurIuI spIrIL. Yu suId Ie beIIeved PubIIcIs Iud u commILmenL Lo grow our In- dusLry In Myunmur. AccordIng Lo OII, PubIIcIs TIuIIund wIII operuLe us some- LIIng oI u buck omce Lo LIe new ugency. WIIIe MunduIuy Is ubIe Lo oer mucI-needed InsIgILs InLo LIe IocuI murkeL, PubIIcIs wIII oer supporL und guIdunce Lo vuryIng degrees dependIng on cIIenL demunds, Ie suId. He noLed LIuL PubII- cIs wouId provIde u sIgnIhcunL umounL oI LruInIng. OLIer recenL enLrunLs Lo My- unmur IncIude DenLsu, ADK, JWT und OgIIvy. Adspend In LIe murkeL LoLuIIed uround $1o mIIIIon IusL yeur, buL Is ex- pecLed Lo rIse Lo beLween $zo und $zqo mIIIIon LIIs yeur, uc- cordIng Lo unuIysLs. Up Lo JuIy zo1, PubIIcIs wus one oI LIe BIg our ugency compunIes (uIongsIde WPP, nLerpubIIc und OmnIcom). EsLubIIsIed In 1qz6, PubIIcIs operuLes In 1o counLrIes und ILs revenue In zo1z wus C6.61 bIIIIon. Publicis Worldwide ~.,_e _._ ~ ..~ . ~. . _e. ._ .. ... ._~:_:..,.. ....|...:.... .~: _.,.:.. ~.q:~.:_. _e.._. ~. .| .: . . ~q Mandal ay Advertising- Publicis ~.~~:. e ._.._ _e. _. . Publicis Asia-Pacifc -~. . ~ ~. ...~_e. :.q ._ _e. ._. Publicis ~.,_e ..... ._~:_:..,.. e.~~_.~. ...~ ~ . q:. . , ..:. . ...| .. . ..: . ._ . Mandalay Advertising- Publicis ~ ..~:.~e. ~... ..|,~~:~_e. Publicis Thailand - ~...:~q:q.._e.. Louis- Sebastien Ohl . ....|...:q~ .__e._.. e......~....~e. . .~ .~ ~:~, e . . ~ . :.._ _e. ._ .~e - ~_~ .~, ..e:-e: ~_~....:.. .|,~~:.:.~.,_e e. ~~ . . ~_ q ._ _ e. _ . . Publicis - ~,..~.~:. _.,.: .. ..'e.:..__e.._~:.._. .q._. .....~.,_e _._~....~~ . ~. .~ .:.~:. q :.e . ._ ....q._ _e._.. Publicis . .:~...:.. ~_~_..~.:.~:. ....- ~e. ~:.~..'.~_~: ....:..__e. ._.~_. Publicis . .~. ._ .~,..:.._. ...~..:. .__e.._~:.._. .q._. Myanmar Summary Myanmar Summary Netherland to Aid Myanmar in Tourism Development Phyu Thit Lwin M yunmur wIII geL mon- eLury ussIsLunce Irom LIe NeLIerIunds Lo deveIop ILs LourIsm secLor, oI- hcIuIs suId. L wus reveuIed uL u meeLIng beLween LIe MInIsLry oI HoLeIs und TourIsm und LIe CenLre Ior LIe PromoLIon oI mporLs Irom DeveIopIng CounLrIes (CB) und LIe nLernuLIonuI Trude CenLre (TC) oI NeLIerIunds. TIe cusI ussIsLunce oI LIe NeLIerIunds TrusL und wIII be provIded under un ugree- menL oI CB und TC Ior ImpIe- menLIng LIe NuLIonuI ExporL SLruLegy Ior Myunmur`s LourIsm deveIopmenL. Myunmur Is ImpIemenLIng u LourIsm-reIuLed MusLer PIun zo1-zozo wIIcI wus druwn wILI LIe ussIsLunce oI InLernu- LIonuI orgunIsuLIons. TourIsL urrIvuI In Myunmur soured Lo 1.o6 mIIIIon In zo1z und z.oq mIIIIon In zo1, uc- cordIng Lo governmenL hgures. AccordIng Lo omcIuI sLuLIsLIcs, IoreIgn InvesLmenL In LIe Io- LeIs und LourIsm secLor reucIed $1. bIIIIon us oI LIe end oI Junuury, uccounLIng Ior q.q percenL oI LIe LoLuI D In My- unmur. _.,.:.q ..~.~~.._e. ..: TTF q, ~ , , ~ . ~ . . ~~ . ~:~,e.._~._~._.. DITP - _.,.:_.__:.,~e.:..e_e...: ....:..q....,.. ...~_..: .. . .. :..q.. ~ .., ..q: .~e .q.~, _~ ._:,-~_._ _._ . q:. .. :. .q._.~._:, DITP ... _., .:. . . .. :..q.. . , .q .:. ~. q~ ~:. .. :..q... ... .. Thailand Week Bizmatch Fair ~ -_. ,~ q~ ~ q,~,_. Park Royal Hotel ~ ~...:..__e.._~:. TTF ~.~- ._.:_~:..~~q .q._. e. ~~, ...~._. . . . . .. :..q.. . , .q .:.. _., .: . ~ , ._ _~ ..:.. .~ . .~ . ..,.q.:.~.... UMFCCI ~_. .~._.. ...:..q..q: ......e.e..:. _...._.. _.,.: . ~ .~ . .~ . . q: . . , ..:. ~ .:.q:~q..._.....:. ..~ ..: q ~ q, ~~ ~ ._. . ~ ~ .:.. q._~:. .~.qq._. _., .:. ~.,_e .q .. :.~_e _e . ~.~~.q.~~~ ,e.:.,.. .._~.~.:~~..:. qq.__e. ._~:. .q._. e~e..q..:..:.q.~,_~._:, Center for the Promotion of Imports from Developing Countries (CBI) . The International Trade Center (ITC) of Netherland ~~_~:._... ._ .......~ ~:~,q..:.. ~.e:._.:_~:.._.._e.._. ~. .|. ._ ~.~.:~ ~. ~:. Netherlands Trust Fund III . CBI . ITC ~~_~:. ..:~_.~ ~q _., .:. - .q .. :.. . , . e _e . ~ .~~ .q.~~ ~ .:~ . ...._ _e. ._ ._., .:. ~.,_e .q .. :.. . , . ..~,. ~~,~~ ~:. ~_.__._ .q: ~e~._..:.- ~~~__e .q..._.. ~.~:~_.e:..: q ~ .~q._. April 24-30, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 9 Myanmar Summary OVL to Get Stuke in Myunmur OHshore Block espite Losing O NGC VIdesI Ld (OV), LIe over- seus urm oI ndIu`s sLuLe-run OII und NuLuruI Gus Corp, muy sLIII geL u sLuke In u deep-seu bIock In Myunmur despILe Ios- Ing ouL In LIe recenL o- sIore bIddIng process In Myunmur. OV Iud bId Ior Lwo oI LIe 1o sIuIIow-wuLer bIocks LIuL Myunmur Iud uucLIoned buL drew u bIunk wIen LIe heIds were uwurded on MurcI z6. TIe compuny couId geL up Lo qq percenL sLuke In u deepwuLer oII und gus bIock won by un InLer- nuLIonuI compuny, OV munugIng dIrecLor SP Gurg suId, uccordIng Lo ndIun medIu reporLs. We Iud u pre-bId un- dersLundIng wILI un In- LernuLIonuI oII compuny LIuL II we were Lo wIn uny sIuIIow-wuLer ucreuge, LIey wIII Iurm-In (pIck up sLuke). SImIIurIy, In cuse LIuL compuny wus suc- cessIuI In pIckIng up uny oI LIe deep-seu ucreuges IL bId Ior, we wouId geL u sLuke, Gurg wus quoLed us suyIng by PT news ugency. However, Gurg reIused Lo IdenLIIy LIe InLernu- LIonuI compuny. Myunmur OII und Gus EnLerprIse (MOGE) Iud InvILed Lenders Ior o o- sIore bIocks In AprII IusL yeur, uLLrucLIng InLeresL Irom u LoLuI oI ; InLer- nuLIonuI oII und gus hrms, buL uILer LIe mInIsLry re- Ieused u pre-quuIIhed IIsL oI 61 compunIes In JuIy, onIy o produced propos- uIs. On MurcI z6, IL uwurd- ed Lenders Lo expIore Ior oII und gus In ILs zo o- sIore bIocks Lo InLernu- LIonuI energy compunIes, IncIudIng RoyuI DuLcI SIeII PC, ConocoPIIIIIps und ToLuI SA. TIe hnuI IIsL, wIIcI In- cIuded boLI sIuIIow und deepwuLer bIocks, Iud BG AsIu PucIhc PLe Ld und WoodsIde Energy (Myunmur) PLe Ld, wIo submILLed joInL proposuIs und won Iour bIocks. ondon-bused OpIIr Energy und ToLuI oI runce eucI won u deep- seu bIock In Myunmur`s muIden IIcencIng round. Kyaw Min WIIIe OpIIr won LIe AD- deepwuLer bIock, ToLuI won LIe YWB bIock. LuIy`s EnI pIcked up deepwuLer bIocks MD-z und MD-q on ILs own. TIe oLIer deep-seu bIocks wenL Lo groups oI gIobuI energy mujors und IL Is unIIkeIy LIuL OV Iud u pre-bId undersLundIng wILI LIem, uccordIng Lo PT. AngIo-DuLcI super- mujor RoyuI DuLcI SIeII wus uwurded deepwuLer bIocks AD-q, AD-11 und MD- us operuLor, uII uIongsIde Jupun`s MILsuI OII ExpIoruLIon, uccord- Ing Lo Myunmur`s MIn- IsLry oI Energy. US gIunL ConocoPIIIIIps won deep- wuLer bIock AD-1o wILI NorwegIun sLuLe-owned SLuLoII us operuLor. ReIIunce ndusLrIes won Lwo oI LIe LIree osIore oII und gus bIocks IL bId Ior wIIIe OII ndIu (O), uIong wILI purLners Mer- cuLor PeLroIeum und OII- mux Energy PvL Ld, won Lwo oI LIe LIree bIocks IL bId Ior. R won sIuIIow- wuLer bIocks M-1; und M-18 wIIIe O und ILs purLners goL bIocks M-q und YEB, uccordIng Lo Myunmur`s mInIsLry oI energy. As u purL oI LIe IuLesL Lenders, InLernuLIonuI hrms musL ugree Lo joInL venLure wILI u IocuI purL- ner, LIougI LIose purL- nersIIps Iuve yeL Lo be reveuIed pubIIcuIIy. TIe wInners ure uIso requIred Lo InvesL uL IeusL $ bII- IIon uILer producLIon- sIurIng conLrucLs (PSC) ure sIgned wILI MOGE, uILer wIIcI LIe wInners ~ . e. . . ~~: .q, . .:~.:~.~..e:.q. .~:..q.q._e.._ ONGC Videsh Limited (OVL) ._ wIII geL o-yeur IIcences Lo expIore und produce oII und gus osIore. ._~:.~ ~...._ _.,.: .- ~...,.q,~..e:.q. ~ .|~ , ., . . ._ ~ , .- ~...,.q,~..e:.~:. .. ..:.q, ~.~.q ._~:. ._.:_~:.._. ONGCVideshLimited(OVL) ~.,_e ~...,.q,~... ~~...,q:~~~ ~.q:~ e _. . ..: ._. , ., . . ._ . . ..: ~ . ~ ~.,_e . . ~ ~ qq :.. ~_._ _._ . q:~ . ~ ~. . . . ~ .~ :._. . ~. .| ..~~. , q:..,.~:. ..:.._. ~. .|~_._ _._ . q:~ . ~ ~._~. OVL . ~.e: ._.:_~:._. ..q ..._., .: .q, . .:~.:~ . . ., . (MOGE) ._ ~...,.q,..~~ ,~ ~~~ ~.|.:.~:. .,. ._.. -_..~ ..'e._.. ~_._ _._ . q:.q, . .:~ .|~.~.~..|. .. ~ .q:~ e _. . ._ .~. .| ~, _~._:,. ~. .~ .~:. ~ .|.~: _. ._ ~ . ~ '~. -.:q .~:. ~ _., . q:~ . ~ ,~ ~.: ~. _.. :.:. ...~. .._. e... .~. ' q~ ~ ~ .|.~: _. ._ ~ . ~ .:..:q.~:. ~ _., . q: Royal Dutch Shell PLC, Conoco Phillips . Total SA ~.| ~~ ~_._ _._ . q: .q, . .:~.:~ . ~ ..e: .q.~ . ~ .:.~:. ..~~ ~ .:.... .._. ~ .|._ .~. ..~ ~q ~_._ _._.q:~.~.:.._ _._ ~ .~ . ~ .:.. ~~ .~ ....| . ....:..:.~~.:._._. . ~. ...q._ _e. ._. A n d y
B u c h a n a n / R e u t e r s / p o o l April 24-30, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 10 From page ,...(Pipelines) From page ,...(Pipelines) by spurrIng domesLIc oII und gus producLIon. TIIs boosLed domesLIc pro- ducLIon, purLIcuIurIy oI nuLuruI gus, couId be used Lo power LIe new power pIunLs beIng promoLed by LIe Burmese governmenL. AccordIng Lo LIe AsIun DeveIopmenL Bunk, onIy o percenL oI Myunmur`s popuIuLIon Ius eIecLrIcILy uccess. SucI energy pov- erLy poses u sIgnIhcunL obsLucIe Lo Myunmur`s economIc deveIopmenL, und cusLs neguLIve IIgIL on LIe governmenL`s pop- uIurILy umongsL LIe popu- Iuce. Benepts for Chino TIe projecL serves us un uppurenL soIuLIon Lo Lwo oI CIInu`s mujor sLruLegIc dIIemmus: 1) ApproxImuLeIy 8o percenL oI CIInu`s oII ImporLs puss vIu sIIps LIrougI LIe MuIuccu SLruILs. TIIs vuInerubIIILy worrIes CIInu`s geosLru- LegIc pIunners, und Ius been coIned us CIInu`s MuIuccu DIIemmu In ucudemIc urLIcIes und LIe press. TIe pIpeIInes ud- dress LIIs dIIemmu by oI- IerIng u vuIuubIe uILernu- LIve rouLe LIrougI wIIcI CIInu cun ImporL Iydro- curbon resources Irom AI- rIcu und LIe MIddIe EusL, LIereby gIvIng IL greuLer sLruLegIc exIbIIILy. z) A secondury benehL Is LIuL LIe pIpeIInes promIse Lo brIng economIc deveI- opmenL Lo Yunnun prov- Ince, wIIcI Ius LIe LIIrd IowesL GDP per cupILu oI CIInu`s udmInIsLruLIve dIvIsIons. TIe provInce currenLIy ucquIres ILs oII Irom LIe eusL vIu ruII, u more expensIve Iorm oI LrunsporL. By provIdIng cIeuper und more pIenLI- IuI IueI, LIe pIpeIInes wIII IopeIuIIy spur economIc growLI. TIe pIpeIInes, In conjuncLIon wILI LIe Yun- nun-Arukun ruIIwuy, wIII uIso esLubIIsI Lrude uccess rouLes Irom Yunnun Lo LIe Buy oI BenguI. Trouble ahead DespILe LIese promIs- Ing benehLs, LIe pIpeIInes brIng CIInu u new seL oI IeuducIes, und In LIe words oI u CIInese Inde- pendenL journuIIsL, LIe projecL seems Lo gener- uLe more probIems LIun LIe MuIuccu DIIemmu. Ive mujor Issues cIoud LIe pIpeIInes` IuLure pros- pecLs: 1) TIere Is u Iuck oI In- IrusLrucLure In CIInu Lo Luke In LIe oII expecLed Lo ow LIrougI LIe pIpe- IIne upon ILs compIeLIon IuLer LIIs yeur. As CIInese economIc growLI sIows, LIe pusI Lo buIId up oII consumpLIon-reIuLed In- IrusLrucLure, sucI us re- hnerIes und new pIpeIIne neLworks, Is IudIng. TIIs meuns LIuL LIere Is now u serIous poLenLIuI Ior LIe pIpeIIne Lo be compIeLed und LIe oII Lo Iuve no- wIere Lo go once IL reucI- es Yunnun, cuusIng u gIuL on LIe Burmese cousL. z) As Myunmur guIns promInence In LIe InLer- nuLIonuI spIere, more counLrIes ure IookIng Lo InvesL In LIe Iormer pu- rIuI sLuLe und benehL Irom ILs rupIdIy expund- Ing murkeLs. One oI LIe ImmedIuLe ImpIIcuLIons oI LIese deveIopmenLs Ior LIe pIpeIIne Is LIuL My- unmur Is now In u beLLer posILIon Lo negoLIuLe wILI CIInu over LIe Lerms oI LIe pIpeIIne deuI. WIere- us prevIousIy CIInu wus one oI LIe Iew pIuyers wIIIIng Lo do busIness wILI Myunmur, LIere ure now severuI conLenders. WILI ILs greuLer Iever- uge, Myunmur muy seek Lo cIunge LIe Lerms oI LIe pIpeIIne ugreemenL. Myunmur`s suspensIon oI CIInu`s MyILsone Dum projecL In zo11 Is evIdence oI Myunmur`s Increus- Ing wIIIIngness Lo deIy CIInese InIrusLrucLuruI pIuns. ) TIere ure numer- ous securILy concerns. TIe pIpeIIne begIns In RukIIne SLuLe, LIe sILe oI LIe vIoIence beLween MusIIms und BuddIIsLs In zo1z LIuL some com- menLuLors Iuve descrIbed us genocIduI. urLIer norLI, LIe pIpeIIne pusses LIrougI LerrILorIes LIuL unLII recenLIy were In u sLuLe oI open cIvII wur wILI LIe Burmese cenLruI governmenL. q) TIere ure severuI Io- cuI InLeresL groups op- posed Lo LIe pIpeIInes` consLrucLIon Ior Ieurs oI IosIng Iund, jobs, und IIve- IIIoods. TIIs opposILIon Is presenLed mosL vocuIIy by LIe SIwe Gus Move- menL, wIIcI reguIurIy demonsLruLes uguInsL LIe pIpeIIne. TIe sLuLe oI IocuI dIssuLIsIucLIon wILI LIe projecL Is uugmenLed by reporLs LIuL LIe Burmese governmenL Ius noL dIs- LrIbuLed Iunds provIded by CIInese compunIes Lo compensuLe IocuI com- munILIes uIong LIe pIpe- IInes` rouLe. ) Burmese-CIInese eLInIc LensIons cuuse unoLIer Lype oI IocuI re- sIsLunce Lo LIe pIpeIInes, dIsLIncL Irom LIe dIs- pIucemenL Issues men- LIoned ubove. TIe recenL uLLuck on u reIuy sLuLIon wus uIIegedIy cuLuIyzed by u dIspuLe beLween Bur- mese und CIInese work- ers. ELInIc CIInese IIv- Ing In Myunmur ure oILen regurded neguLIveIy, boLI Ior reusons oI IegemonIc suspIcIons on beIuII oI LIe Burmese und LIe eco- nomIc dIvIdes beLween ImpoverIsIed Burmese und reIuLIveIy weuILIy CIInese; eLInIc CIInese Lend Lo occupy u IIgIer economIc cIuss In Myun- mur by benehLIng Irom cross-border LrudIng neL- works wILI communILIes In CIInu. Tr oubled pi peli nes AILIougI LIe pIpeIInes` consLrucLIon wIII be hn- IsIed sIorLIy, LIe projecL Ius noL secured CIInu`s ImporLs oI oII und gus In us sIgnIhcunL u wuy us wus prevIousIy Ioped. TIe pIpeIInes wIII uIIow CIInu Lo reduce ILs vuI- nerubIIILy In LIe MuIuccu SLruILs und, uL LIe sume LIme, economIcuIIy de- veIop one oI ILs pooresL provInces. However LIe benehLs oI LIe pIpeIInes ure consLruIned by severuI IucLors, IncIudIng InsuI- hcIenL InIrusLrucLure, Iu- Lure re-negoLIuLIons wILI Myunmur, securILy con- cerns, IocuI resIsLunce, und eLInIc LensIons. NIcIoIus Borroz Is con- LrIbuLor uL LIe nLernu- LIonuI SecurILy Observer (SO). NIcIoIus Is un In- dependenL unuIysL oI en- ergy geopoIILIcs wILI un empIusIs on oII und gus LrunsporLuLIon InIrusLruc- Lure. He works Ior u DC- bused rIsk consuILuncy und Ius LIree yeurs` expe- rIencIng workIng Ior LIe US governmenL In InLer- nuLIonuI uuIrs wIere Ie Iocused on deveIopmenL, energy, und mucroeco- nomIcs. TIIs urLIcIe wus orIgInuIIy pubIIsIed by LIe nLernuLIonuI SecurILy Observer. Nicholas Borroz is con- tributor at the Interna- tional Security Observer (ISO). Nicholas is an independent analyst of energy geopolitics with an emphasis on oil and gas transportation infra- structure. He works for a DC-based risk consultan- cy and has three years experiencing working for the US government in in- ternctioncl cgcirs uhere he focused on develop- ment, energy, and mac- roeconomics. This article was originally published by the International Se- curity Observer and has been republished with the authors permission. ..:~ . . . _. ._e. ._ ._., .: .q,..:~.:~...,. . ~,~~...:..q,.~:. .q.q.~-...:._e ~. .|. . ~ , .._ e. . . ~~ , ~ _. .. .._ _e. _.. e .. . ~ , .._~: ._.:.q..._...._..:..: _.. .q,. .:~.:~.. . _.:.~ . ~ ..:_. .. _._ ~..:~.:~...._..~ . . .:~ . .... _. ..._ ~~..~.~..:.qq.:.__e. ._. ~,~.~._. ~..| .. ~,.._~: ..q..,q..: Malacca ~~. ~~_.~ ._eq . . _. .. ~, ~ . - ~~ e GDP ~,.~....: e,, ... e_e.~.~~.:._.. .._~~....:..:.qq.:. .__e.._. . ..: ._. ~, ~ . ._ ~..|.:~..~..._~: .:~ . . .. : . ._ ~._.. ~..:~ ~~ .q _. . _., .:. ~ ~_.:.._.:.q..._.... .:.~_. ~. ~ .q:~ _. . ~..|.:~...._.~. .._.,.:~.~,~._e.., ..: q...~_.. .q.:~ . . . ~ , .~ ., ~ ..: _._ ~..._...:.. ~,~... .:.._ _.,.:.-....: _~e ~. ~ .~ ~|._~ .~ . . _~ ._ e ..: ~, ~ _., .: . . . .q.~..:..:.~ q..,q ._. e .. . ~ , .._ ._~:. _. .. . .__e._.. Malacca ~~. ~~_.. e ,, ...e _e.~.~~ .~:....:......__e. ..: ._ . ~._.. ~..:~ ~~ .. ..:~ _. . ~,:~ ~ _.,.:.. _.,._...... _.. ._..q._..,: _._~. .._._... ....q.~..:. .:.._. .|~.,._. Map showing the China-Myanmar Shwe Gas Pipeline. R F A There were frequent protests against the Sino-Burmese pipeline in the last couple of years. S h w e g a s . o r g April 24-30, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 11 Myanmar Summary USDA Projects Myanmar Rice Production, Exports to Increase in 2015 M yunmur`s rIce exporLs ure IIkeIy Lo Increuse Lo ubouL 1.1 mIIIIon Lonnes In LIe cuIendur yeur zo1, up ubouL 1 percenL Irom un esLImuLed 1. mIIIIon Lonnes exporLed In zo1q due Lo IIgIer producLIon und sLrong overseus demund, LIe US DepurLmenL oI AgrIcuILure (USDA) PosL suId. TIe PosL esLImuLes oI My- unmur`s zo1q rIce exporLs oI uround 1. mIIIIon Lonnes ure up ubouL 1z percenL Irom un esLImuLed 1.16 mIIIIon Lonnes In zo1. ExporLs ure IIkeIy Lo Increuse LIIs yeur due Lo IIgIer demund und ImprovemenL In gruIn quuIILy. TIe PosL suId LIe Myunmur AgrIcuILuruI PrIvuLe Cooperu- LIon Ius won u rIce Lender Lo suppIy 6o,ooo Lonnes oI rIce Lo Jupun wILI deIIvery expecLed LIIs yeur. RIce producLIon Is Improv- Ing In Myunmur due Lo IIgIer prIces, IuvourubIe weuLIer con- dILIons, governmenL supporL, InIrusLrucLure und Improved seed suppIy. AccordIng Lo LIe PosL, My- unmur`s rIce producLIon Is ex- Phyu Thit Lwin pecLed Lo Increuse Lo 1z.16 mII- IIon Lonnes In zo1, up ubouL 1 percenL Irom un esLImuLed 11.q6 mIIIIon Lons In LIe prevI- ous yeur, IeIped by conLInued expunsIon In pIunLIng ureu. TIe governmenL Is consLrucL- Ing eIgIL dums wIIcI wouId be compIeLed In zo1q und LIe renovuLIon oI druInuge cunuIs In ood zones und deep wuLer ureus In LIe Ayeyurwuddy re- gIon Is expecLed Lo Increuse LIe pIunLIng ucreuge Ior dry seuson rIce nexL yeur. TIe USDA PosL Increused ILs esLImuLes Ior Myunmur`s zo1q rIce producLIon by z percenL Lo 11.q6 mIIIIon Lonnes Irom un esLImuLed 11.;z mIIIIon Lonnes due Lo IuvourubIe weuLIer con- dILIons. TIe USDA PosL esLImuLes LoLuI mIIIed rIce consumpLIon In My- unmur uL 11 mIIIIon Lonnes Ior zo1, up ubouL percenL Irom un esLImuLed 1o. mIIIIon Lonnes In zo1q. TIe PosL projecLs LIuL u z percenL rIse In popuIuLIon Is expecLed Lo boosL per cupILu rIce consumpLIon Lo 18o kIIogrums per yeur und seed usuge Lo 1o kIIogrum per IecLure. TIe governmenL Is supporLIng S o e
Z e y a
T u n / R e u t e r s Iurmers by wuy oI InIrusLruc- Lure deveIopmenL, mecIunIsu- LIon, LecInoIogy ussIsLunce. L Is uIso provIdIng hnuncIuI supporL In LIe Iorm oI u Kqo,ooo ($q1) credIL IIne per IecLure Lo Iurm- ers LIrougI LIe governmenL- owned Myunmur AgrIcuILuruI DeveIopmenL Bunk (MADB). However, LIe USDA PosL suys LIuL Myunmur rIce Iurmers sLIII cunnoL compeLe wILI LIe Iurm- ers oI TIuIIund und VIeLnum becuuse oI Iubour sIorLuges und IncreusIng InpuL cosLs. ~.. ._.:..q.~,_~._:,. . ._~.. . ....:.._ ~_._ _._ . q: ~e ~._ ._e. ..: ~. ~_._ _._ . q:. ...| ...: q ~ .q.. e_e..q.q,..~e (ICDF) ._ ,.-...._._.,..,.~:. _.,.: .~ e...~._~:. ._~_: .._. ~. .|, .~.,_e _., .:. ~ ~..-.....:.~:. ....: ._ _e. _. . ._~:. . . .:.~ _., .:. . ....~.e..:.~:. ~._. .:..__e.._~:. ICDF - .~e ~. . ~~ ..q.. . Morgan Chao ~ ._.:_~:.._ . ~. .|, .._ _., .: ~. .q-., ..|.q ~ . . .. . :.~ ~~ ~_ .... q, ..: . , .:._ . . ...q ~ q:..,..,.: ...... qq._ _.,.:.~ ..:.... ., photovoltaic .,.~:. .~.~ ....q, ...~q._. April 24-30, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 12 From page ...(Powering Myanmar) From page ...(Powering Myanmar) dIspuLe resoIuLIon InsLeud oI domesLIc courLs, uc- cordIng Lo SIngupore- bused uLLorney NomILu NuIr. TIe WorId Bunk und AsIun DeveIopmenL Bunk (ADB) ure boLI workIng cIoseIy wILI LIe govern- menL on deveIopIng LIe IndusLry und puLLIng LIe rIgIL reguIuLory sLruc- Lures In pIuce. AILIougI upprovuI Ior LIe NuLIonuI EIecLrIhcuLIon Progrum Is IIkeIy In LIe IourLI quur- Ler oI LIIs yeur, MIcIueI SpoIum, u uIbrIgIL-CIIn- Lon IeIIow workIng wILI LIe PresIdenL`s Omce In Myunmur, LoId BreukIng Energy, deveIopIng LIe Ie- guI und poIIcy Irumeworks Lo supporL LIe progrum Lukes LIme. The Amer i cans r etur n n AprII IusL yeur, uI- Ler openIng ILs AsIun op- eruLIons, IorIdu-bused APR Energy IdenLIhed Myunmur us u key ureu Ior growLI. AccordIng Lo CIIve TurLon, Ieud oI busIness deveIopmenL Ior AsIu uL APR Energy, sup- pIIes oI IIgI-quuIILy In- dIgenous gus, u Iow eIec- LrIhcuLIon ruLIo und u vusL murkeL - Myunmur Ius u popuIuLIon oI 6o mIIIIon peopIe, sIIgILIy Iurger In sIze LIun EngIund - uII muke Myunmur un uLLruc- LIve murkeL. TIIs Is LIe hrsL AmerI- cun power compuny Lo enLer sInce LIe suncLIons were eused. APR Energy Is buIIdIng u 1ooMW gus- hred power pIunL ubouL o kIIomeLres (1 mIIes) ouLsIde MunduIuy LIuL IL expecLs Lo Iuve up und runnIng soon. TIIs wIII muke IL one oI LIe Iurg- esL LIermuI power pIunLs In LIe counLry und IIkeIy, one oI LIe mosL emcIenL. TIe speed uL wIIcI APR Energy cun seL up power pIunLs Is IIkeIy one oI LIe IucLors LIuL IeIped LIem wIn LIe conLrucL. n LIe cuse oI Myunmur, IL wus very ImporLunL Lo puL IL LogeLIer quIckIy, suId TurLon. APR wIII buIId und muInLuIn LIe pIunL, seIIIng eIecLrIcILy Lo MEPE. Tur- Lon wouIdn`L gIve deLuIIs on prIcIng, buL suId IL wus In IIne wILI oLIer Inde- pendenL power producers In LIe counLry. HuvIng uI- IocuLed domesLIc nuLuruI gus Ior LIe projecL, Tur- Lon suId LIe governmenL uwurded LIe conLrucL on LIe busIs oI wIo couId use LIuL gus mosL emcIenLIy. DespILe LIe IeguI un- cerLuInLIes und Iuck oI u reguIuLory Irumework, beIng hrsL LIrougI LIe door dIdn`L prove espe- cIuIIy dImcuIL Ior TurLon. AccordIng Lo IIm, LIe governmenL unnounced LIe InvILuLIon buck In Sep- Lember IusL yeur und we were InvILed, uIong wILI severuI oLIer compunIes Lo submIL bIds. TIe pro- cess wus sImpIy u process oI prepurIng LIe bIds und seIecLIng LIe suppIIers. BIddIng wus very Lruns- purenL. NuIr suys LIIs Lype oI InvesLmenL - Irom WesL- ern counLrIes - Is pur- LIcuIurIy weIcome. TIe counLry wunLs WesLern LecInoIogy, know-Iow und IIgIer sLundurds, In Lerms oI envIronmenLuI sLundurds und LruInIng, sIe suId. HIsLorIcuIIy, LIe counLry purLnered wILI NorLI AsIun InvesLors Ior power pIunLs. And LIe CIInese, us ucLIve us LIey ure, mIgIL be weur- Ing ouL LIeIr weIcome. OI q8 IdenLIhed pIunned projecLs, InvoIve CII- nese InvesLors, uccord- Ing Lo u presenLuLIon by MEPE und YESB gIven In zo1z. TIe mosL recenL proLesLs on energy uren`L over LIe recenL prIce IIke, buL over u CIInese Iydropower dum. L wus orIgInuIIy meunL Lo exporL qo percenL oI LIe energy ouLsIde LIe counLry`s bor- ders, buL wus sLopped In zo11. Now, cILIzens ure concerned LIe projecL wIII move Iorwurd uILer LIe zo1 eIecLIon und cuuse ecoIogIcuI Iurm. The risk prople Myunmur Is open Ior busIness, buL InvesLIng remuIns u compIex pro- cess. SLIII, LIe govern- menL Ius u powerIuI uIIy wILI LIe WorId Bunk workIng on un InvesL- menL prospecLus. OI LIe Lwo bIIIIon doIIurs LIe WorId Bunk commILLed Lo LIe counLry, IuII Is eur- murked Ior eIecLrIcILy, suId Dejun DosLojIc, Ieud- er oI LIe bunk`s Myunmur power projecL. WIIIe LIe deveIopmenL pIun Is sLIII In LIe eurIy sLuges, DosLo- jIc couIdn`L commenL on Iow uII LIe money wouId be used, buL Ie dId suy LIe buIk wouId go Lowurds ImprovIng LIe dIsLrIbu- LIon sysLem. TIIs sIouId be weIcome news Lo boLI producers und cusLomers. WILIouL u IeguI Irume- work or u seL ugreemenL on PPAs (LIese ure seL on u per projecL busIs), InvesLors Iuce sIgnIhcunL rIsk. WIIIe NuIr suys LIe governmenL Ius seL ouL purumeLers Lo encour- uge InvesLors, oLIer ex- perLs seem more scepLI- cuI, poInLIng Lo LIe Iuck oI InsLILuLIonuI Irumeworks und some umbIguILy In LIe sysLem. BuL LIe gov- ernmenL Is geLLIng IeIp, suId SpoIum: TIe gov- ernmenL Ius LIe IuII und unwuverIng supporL oI LIe donor communILy und Is hrmIy commILLed Lo expundIng LIe power secLor In u munner LIuL Is LrunspurenL und equILu- bIe, Iowever, deveIopIng eecLIve und InLeIIIgenL InsLILuLIons, Iuws und reg- uIuLIons Lukes LIme. SLIII NuIr wurns LIuL suncLIons remuIn on cerLuIn Myun- mur enLILIes LIuL compu- nIes need Lo be uwure oI, buL InvesLmenL Is possI- bIe. Myunmur Is under Lre- mendous pressure Lo geL LIe Irumework und Iuws rIgIL. An experL cIose Lo LIe Issue, wIo usked Lo noL Lo be IdenLIhed Ior Ieur oI ungerIng LIe governmenL, suys LIe bureuucruLIc rIsk uversIon Is pervusIve In LIe counLry, und decI- sIons ure uIwuys pussed Lo LIe Lop. TIIs LrunsIuLes Lo u sIow bureuucruLIc process. DosLojIc empIu- sIzed LIe need Ior InLernuI work on LIe governmenL. On Lop oI LIeIr eorLs Lo IeIp LIe governmenL ex- Lend eIecLrIhcuLIon ucross LIe bourd, InsLILuLIonuI buIIdIng und cupucILy buIIdIng In LIe govern- menL Is u mujor Lusk, suId DosLojIc. NoL onIy LIuL, buL LIe governmenL body In cIurge oI InvesLmenLs - LIe Myunmur nvesLmenL CommIssIon - Is bom- burded wILI projecLs Irom smuII-scuIe LImber mIIIs Lo bIg oII und gus projecLs. AII oI LIIs Ieuds Lo un InLense udmInIsLruLIve burden, wIIcI Ius, de- spILe LIe besL cooperuLIve eorLs oI muny cupubIe und commILLed omcIuIs, sIowed LIe ow oI D InLo LIe counLry, suId Sp- oIum. AuLIorILIes ure oI course uwure oI LIe cIuI- Ienges und ure proucLIveIy workIng Lo Lweuk MC up- provuI processes Lo ucceI- eruLe D Inows wILIouL compromIsIng uccounL- ubIIILy or Lrunspurency, Ie udded. And Indeed, II APR Energy`s experIence Is unyLIIng Lo go by, LIe process Ius LIe poLenLIuI Lo be LrunspurenL und smooLI. DespILe LIe cIuIIenges, LIere Is no Iuck oI InLer- esL In LIe counLry, suy ex- perLs. n Lerms oI prIcIng, some deveIopers won`L cure II LIe prIce Is uILI- muLeIy pussed onLo LIe consumer or II IL`s subsI- dIsed by LIe governmenL, urgues NuIr. Even LIougI LIe governmenL Isn`L In u posILIon Lo gIve sIgnIh- cunL hnuncIuI IncenLIves on ILs own Lo uLLrucL D, wILI IeIp Irom InLernu- LIonuI orgunIzuLIons, LIIs mukes |Myunmur| un uL- LrucLIve D desLInuLIon Ior InvesLors, uccordIng Lo VIkus SIurmu, ussocI- uLe dIrecLor uL rosL & SuIIIvun. n LIe counLrysIde wIere LIe need Ior eIec- LrIcILy Is greuL, LIe per- ceIved rIsk Is even IIgIer. SpoIum suys Ie`s workIng wILI prIvuLe und pubIIc secLor sLukeIoIders und NGOs Lo brIng upIund ruruI ureus wILI IIgI ug- rIcuILuruI poLenLIuI wIere muny InvesLors won`L go becuuse LIe rIsk prohIe Is u bIL Loo IIgI Ior LIem. n ruruI ureus wILI uccess Lo some eIecLrIcILy Irom mInI-grIds, IeedsLock Is dIeseI und LurIs ure us IIgI us $o.1-$o.z per unIL, compured Lo $o.o- $o.o Ior IouseIoIds connecLed Lo LIe nuLIonuI grId. SpoIum suys LIIs proves LIuL muny ru- ruI ureus ure ubIe Lo puy IIgIer ruLes Ior eIecLrIc- ILy, Iowever LIe Lrude- os ure IIgI, wILI some IouseIoIds spendIng up Lo o percenL oI LIeIr In- come on power. SpoIum opLImIsLIcuIIy noLes LIuL, opporLunILIes exIsL Lo Iurness donor und prI- vuLe secLor supporL sImuI- LuneousIy, und In doIng so reduce LIe IIgI LurI bur- den wIIIe sLIII deIIverIng quuIILy, IIIe-LrunsIormIng eIecLrIcILy Lo LIe pooresL segmenLs oI socIeLy. nvesLIng onIy In LIe ur- bun ureus InsLeud oI LIe ruruI ureus, wIere eIecLrI- hcuLIon ruLes ure dIsmuIIy Iow, even by Myunmur`s sLundurds, runs LIe rIsk oI exucerbuLIng LIe ru- ruIJurbun deveIopmenL dIvIde. Some unuIysLs ex- pressed concern LIuL sucI dIspurILIes muy IueI con- IcL beLween LIe IowIund popuIuLIons - IIkeIy Lo be LIe hrsL Lo benehL Irom grId-connecLed eIecLrIcILy - und eLInIc ureus, wIere geogrupIy wIII sIow LIe grId`s expunsIon. TIe governmenL won`L be ubIe Lo sLImuIuLe pow- er secLor unIess IL gIves cerLuInLy on gus, procure- menL, und LurIs, uccord- Ing Lo NuIr. Even wILI processes In pIuce, Spo- Ium suys Iurge-scuIe pro- jecLs ure yeurs o. TIose projecLs - ones bucked by ouLsIde hnuncIng wILI Iurge numepIuLe cupucILy - couId Luke IuII u decude Lo compIeLe. Even wILI Lremendous supporL Irom ouLsIde sources, Myunmur Ius u Lremendous umounL Lo Iose II IL doesn`L geL LIIs rIgIL. DosLojIc poInLed ouL LIuL LIe yeurs oI Iso- IuLIon meunL LIe counLry Iucked InIormuLIon ubouL udvunces In LIe power secLor, envIronmenLuI und socIuI suIeguurds und procuremenL und h- nuncIuI munugemenL sys- Lems. TIe comIng Inux oI InvesLmenLs sIouId IeIp euse LIuL, buL IL re- muIns up Lo LIe govern- menL Lo ensure eIecLrIc- ILy Is provIded ucross LIe counLry und noL jusL Lo LIe urbun cenLers. This crticle is the jrst oj a series in Breaking En- ergy on Myanmars pow- er sector. It was original- ly published in Breaking Energys website and has been republished with the publications permission. For more on the challeng- es facing the government and how the country uses electricit, recd the jrst part, and for details on the governments pricing structure and demand projections, please read the second part in our website. ~. .~e . q:. ~. .~ .:. .~ .~:~ . .. .. . . ~ , ..:. . ..|.....,._ .~ ~.... ....~... .:.. .~~:q..._.... .:.~~~ ~e,~~:._e.., . ._e.._. _.,.:.. .~...:. ._e ..:.~._.~~ _.,.: . . ~ . , .. .. .:.. . ~ ~ .:.._ q .. ._. . . . .:. ._._. _.,.:.~~.. ~.q:~.:._. ~,~. .. .,. .~:~.q. e:.. .:.._ _., .:. ~ . .:._ q .. ._. . . . .:. _....~q..:._. ...: . .:.~ , .q .. ._. . . . .:. ._ .~ ~ . q:~.:.~ ~ .:._e..._~:. .:~_._~ ._.~..q~,. .q:. ..:.. _..._~....:. ~._. .~~.:...:. _.. .,._. Investing only in the urban areas instead of the rural areas, where electrification rates are dismally low, even by Myanmars standards, runs the risk of exacerbating the rural/urban development divide. B r e a k in g
E n e r g y B r e a k in g
E n e r g y Power pricing in Myanmar April 24-30, 2014 Myanmar Business Today mmbiztoday.com REGIONAL BIZ 13 Myanmar Summary Myanmar Summary Japan, Australia Clinch Trade Deal As US-Tokyo Talks Heat Up Linda Sieg and William Mallard J upun und AusLruIIu cIIncIed u busIc Lrude deuI IusL week Lo cuL ImporL LurIs, us US und Jupunese om cIuIs sLepped up eorLs Lo reucI u puruIIeI ugreemenL LIuL wouId re-energIse sLuIIed LuIks on u brouder regIon- uI pucL. TIe ugreemenL be- Lween Jupun und Aus- LruIIu comes us LIe UnILed SLuLes und Jupun pusI Ior LIeIr own Lwo-wuy Lrude deuI - u key componenL oI u brouder US-Ied Truns- PucIhc PurLnersIIp (TPP) pucL - beIore u vIsIL LIIs monLI by PresIdenL Bu- ruck Obumu. AusLruIIun PrIme MIn- IsLer Tony AbboLL und Jupunese PrIme MInIsLer SIInzo Abe conhrmed u busIc ugreemenL on LIe deuI uL LuIks In Tokyo, und ugreed Lo work Lowurds sIgnIng IL us soon us pos- sIbIe, LIe Lwo sIdes suId In u sLuLemenL. TIe Jupun-AusLruIIu EPA (economIc purL- nersIIp ugreemenL) Is un exLremeIy ImporLunL Irumework LIuL promoLes bIIuLeruI Lrude und InvesL- menLs, Abe IuLer LoId u news conIerence wILI Ab- boLL. TIIs busIc ugreemenL Ius IIsLorIcuI sIgnIhcunce Ior geLLIng LIe Lwo coun- LrIes cIoser LogeLIer. TIe bIIuLeruI deuI, ex- pecLed Lo be hnuIIsed wIen Abe LruveIs Lo Aus- LruIIu In JuIy, IeuLures cuLs Lo Jupunese LurIs on AusLruIIun beeI - In- cIudIng u IuIvIng oI LIe Ievy on Irozen beeI Lo 1q. percenL wILI deep cuLs In LIe hrsL yeur - und un end Lo un AusLruIIun duLy on curs. A deuI wILI AusLruIIu LIuL IeLs Jupun keep even reduced LurIs on poIILI- cuIIy sensILIve ugrIcuILur- uI producLs sucI us beeI gIves Jupun ummunILIon uguInsL US demunds Lo scrup LurIs In LIe TPP deuI, wIIcI uIms Lo re- move ImporL IevIes, ex- perLs suId. SucI u deuI meuns Aus- LruIIu geLs preIerenLIuI LreuLmenL over LIe US, und AmerIcu wIII be un- der pressure Lo sLrIke u TPP deuI sIorL-Lerm LIuL puLs IL on u IeveI pIuyIng- heId wILI AusLruIIu, suId AureIIu George MuIgun, u proIessor oI Jupunese poIILIcs uL LIe UnIversILy oI New SouLI WuIes. AusLruIIu Iud u Iower IurdIe on LurIs Ior Jupu- nese curs uILer AusLruIIu`s LIree remuInIng curmuk- ers - ToyoLu MoLor Corp , GeneruI MoLors Corp und ord MoLor Co - decIded Lo quIL AusLruIIun domes- LIc producLIon by zo1; due Lo IIgI cosLs und u sLrong AusLruIIun cur- rency. US-J apan Game of chi cken WusIIngLon und Tokyo ure eucI urgIng LIe oLIer Lo be more exIbIe on LIe sLIckIng poInLs oI uccess Lo Jupun`s Iurm und cur murkeLs und US LurIs on ImporLed curs und Lrucks. TIe TPP Is u cenLrepIece oI Obumu`s pusI Lo ex- pund LIe US presence In AsIu. TIe LuIks Iuve en- Lered LIeIr hILI yeur. TIe Jupunese und US econo- mIes domInuLe LIe group- Ing, wIIcI encompusses one-LIIrd oI gIobuI Im- porLs und exporLs. WIuL Is goIng on Is u gume oI cIIcken, MuI- gun suId. TIe US und Ju- pun wunL un ugreemenL buL LIey ure noL prepured Lo puy u IIgI prIce. Ju- pun knows LIuL AmerIcu wunLs IL on bourd becuuse TPP wILIouL Jupun Is noL worLI uII LIuL mucI. Ju- pun Is pIuyIng IurdbuII. TIe UnILed SLuLes wunLs Jupun Lo open ILs rIce, beeI und pork, duIry und sugur secLors - ureus Abe Ius vowed Lo deIend. Ju- pun wunLs u LImeLubIe on US promIses Lo drop LurIs oI z. percenL on ImporLs oI pussenger curs und z percenL on IIgIL Lrucks. AdvocuLes suy LIe TPP couId ucceIeruLe gIobuI economIc growLI, boosL US exporLs und IeveI LIe pIuyIng-heId beLween emergIng und rIcI nuLIons In. TIe TPP LuIks, IncIud- Ing Cunudu, MexIco, New ZeuIund, MuIuysIu und oLIers, mIssed u deudIIne Ior un ugreemenL by LIe end oI IusL yeur. Abe und AbboLL uIso sLressed cIose securILy LIes us Jupun seeks LIgILer re- IuLIons wILI regIonuI purL- ners Lo cope wILI u rIsIng CIInu. TIey ugreed Lo sLurL LuIks on cooperuLIon In deIence LecInoIogy und equIpmenL, IoIIowIng Ju- pun`s recenL overIuuI oI u decudes-oId bun on urms exporLs. TIe reIuLIonsIIp be- Lween AusLruIIu und Ju- pun Is ubouL mucI more LIun economIcs und Lrude und growIng weuILIy Lo- ASEAN Macroeconomic Fundamentals Stronger: ADB President Outlines economic outlook and policy challenges at ASEAN Finance Ministers Meeting in Myanmar geLIer, AbboLL suId uL LIe news conIerence. L`s ubouL respecL, IL`s ubouL vuIues und LIuL`s wIy LIIs Is sucI u very sLrong purL- nersIIp. Reuters T Ie AsIun DeveIop- menL Bunk (ADB) PresIdenL suId muc- roeconomIc Iundumen- LuIs oI LIe ASEAN coun- LrIes ure mucI sLronger LIun In 1qq;, wIen LIe 'AsIun InuncIuI CrIsIs` rocked mosL economIes oI LIe ASEAN counLrIes. L Is uIso cIeur LIuL ASE- AN members ure workIng Iurd Lo uddress sLrucLuruI weuknesses especIuIIy In LIose counLrIes wILI cur- renL uccounL und hscuI dehcILs. SLrong commIL- menL Lo pursuIng LIese Wai Linn Kyaw poIIcIes IeIps buIId mur- keL conhdence und LIus reduces rIsk, TukeIIko Nukuo suId durIng IIs speecI uL LIe18LI ASEAN Inunce MInIsLers` MeeL- Ing In Nuy PyI Tuw, My- unmur. Nukuo presenLed LIe economIc ouLIook und poIIcy cIuIIenges Ior ASE- AN In ILs conLInued pusI Lowurd LIe ASEAN Eco- nomIc CommunILy In IIs speecI Lo LIe mInIsLers. AILer u sLrong eco- nomIc perIormunce IusL yeur, ASEAN`s economIc growLI Is IorecusL Lo re- muIn sLeudy uL percenL Ior zo1q, ucceIeruLIng Lo .q percenL In zo1, uc- cordIng Lo ADB`s IuLesL AsIun DeveIopmenL OuL- Iook, ILs unnuuI ugsIIp economIc pubIIcuLIon. TIe ASEAN Inunce MInsLers` MeeLIng Is es- pecIuIIy ImporLunL us ASEAN Is upproucIIng LIe zo1 mIIesLone oI un ASEAN EconomIc Com- munILy, or AEC. TIe AEC`s sIngIe murkeL und producLIon buse requIres un open Lrude und InvesL- menL regIme. ASEAN InIrusLrucLure connecLIvILy remuIns u mujor cIuIIenge In creuL- Ing u sIngIe murkeL und producLIon buse. Deepen- Ing und broudenIng hnun- cIuI murkeLs Is crILIcuI Lo cuLcI up wILI InLegruLIon In LIe reuI secLor, LIe Mu- nIIu-bused Iender suId. ASEAN needs Lo sLrengLIen ILs regIonuI hnuncIuI suIeLy neL, us ASEAN economIes be- come more InLegruLed InLo LIe gIobuI economy und more suscepLIbIe Lo gIobuI sIocks. n uddI- LIon, LIere Is uIso LIe need Lo LuckIe gIobuI commons und regIonuI pubIIc goods more coIIecLIveIy. Nukuo empIusIsed LIuL LIe ASEAN EconomIc CommunILy cun pIuy un ImporLunL roIe In cemenL- Ing und deepenIng coop- eruLIon beLween coun- LrIes. .,. ~..q~,~:~,q. .:.._ .. e ~ ...~~ . ... .q:...:..q._....:. ._. . _.~ ._ ~. , ~ ., . _.. .~..~._ ~,.e... , ..:.~ . .~ , . , ~ .. ~ q, _. .. ._ ~.~ ~..:~ _ .._~:. .q._. .,~,_~... q~~:.. . _...~..~,_~... ~, ~:.: ~ ._ . . . ~ , . e . ~._.. ..:~ _ .~ .:.~ ~~~ ~~__. ._.:_~:.. q:~ ....q.~..,. . .:.~~ ~ ~_., . ..~ . ~ .q..q,.|q._. ,.~- .~..:q.... ~ .,. _...~.....:. .q.....|...:q~...: ~_.~._ ...~,.e .q.q .. ._. . . . ~~ ~ ~.q..| ..: ~._..~.~. ... ...~.._~_q....qqq, .|~ ._ . _...~..~.,_e .~q ~:. ~ . . . . . , .. : ,.-. ._~.. .:. ~ , ~ .q~_..:...:.._~: ~~ . . . ~ ~:. ~ . . . ~ q. . .. ,~.,~:.~..~ ~. , ~..~...._.._e. ~~. ._.._.:..__e. ._. ~:q e _e ..q.~ ~ _~~: . e . .:.-macroeconomic ~._.. .:.._ ~ . . . ~ ~:. e . ~.:.. _~ .~ q._ ~:q . ._~.~~. ~~_ .~:. ~ . . . . .:.:._~: . .,_._.~:~ ~...._ ~ _~.._.:~ ~:.e_: .q.~,_~..:.~._.~.~.~ ._.:_~:..._. ADB ~ _ Takehiko Nakao . ~:.e...:..q.~ . ~ ~~, .._ . .:.~. . . .. ...| .. . ..: . .:. ~:...,~,.._..~:.. ..: ._ .,q:_~. ~. . ..: . ._~: . ~:. e . .. :. .q.~. ~ ~~, .~:. _.~q, .~|..q:. , ..'. .:.. . .. :. .q......~.:.~, .-. , . , .~ _ . .._ .:_ ~:.. ._. Takehiko Nakao, president of Asian BeveIopment Bank, speaks dur- ing an interview. B lo o m b e r g Australia's Prime Minister Tony Abbott (R) shakes hands with Japan's Prime Minister Shinzo Abe. K im im a s a
M a y a m a / R e u t e r s / P o o l April 24-30, 2014 Myanmar Business Today mmbiztoday.com REGIONAL BIZ 14 Myanmar Summary Severe Drought to Cut Thailands Farm Earnings, May Hurt GDP Apornrath Phoonphongphiphat S evere drougIL In TIuIIund Is expecLed Lo reduce pro- ducLIon oI commodILIes sucI us rIce und rubber, LIe ug- rIcuILure mInIsLer suId, cuLLIng exporL eurnIngs uL u LIme wIen economIc growLI Is under pres- sure Irom u poIILIcuI crIsIs. TIe IIngerIng crIsIs Ius Ied Lo LIe InsLuIIuLIon oI u cureLuker governmenL, IurL consumer conhdence und dumuged Lour- Ism, IeudIng LIe Bunk oI TIuI- Iund Lo LrIm ILs IorecusL Ior zo1q economIc growLI Lo z.; percenL. We don`L know Ior sure Iow bIg LIe (producLIon) IuIIs wIII be, buL we expecL Lo Iuve un oI- hcIuI IorecusL IuLer In June. L depends on Iow Iong LIe dry seuson IusLs, AgrIcuILure MIn- IsLer YukoI ImIeumLIong LoId ReuLers. TIuIIund Is LIe worId`s bIggesL rubber exporLer, LIe second- bIggesL sugur exporLer und LIe LIIrd-bIggesL rIce exporLer. TIe commodILIes generuLe uround $11. bIIIIon unnuuIIy, uccord- Ing Lo Commerce MInIsLry duLu. YukoI suId LIe governmenL Ius wurned Iurmers ubouL LIe ImpucL oI reduced wuLer sup- pIIes due Lo LIe drougIL. TIe ugrIcuILure secLor grew by o. percenL In LIe hrsL quurLer oI zo1q, down Irom z. percenL In hnuI quurLer oI IusL yeur. GrowLI In LIe secLor, wIIcI uccounLs Ior ubouL 8 percenL oI TIuIIund`s gross domesLIc prod- ucL, wus expecLed Lo sIIp IurLIer In LIe second quurLer due Lo LIe drougIL, uccordIng Lo Om ce oI AgrIcuILuruI EconomIcs duLu, Ie suId. We ure monILorIng LIe sILu- uLIon cIoseIy. AL LIIs sLuge we expecL Lo see u subsLunLIuI IuII In rIce ouLpuL us we Iuve usked Iurmers noL Lo grow un o-seu- son crop due Lo u Iuck oI wuLer suppIy, YukoI suId. RIce ouLpuL couId IuII by mII- IIon Lonnes oI puddy or uround mIIIIon Lonnes on u mIIIed bu- sIs II Iurmers sLop growIng o- seuson rIce crop. Rubber producLIon wus uIso expecLed Lo IuII sIurpIy durIng AprII und Muy us LIe dry seu- son cuL rubber IuLex und Iorced Iurmers Lo sLop LuppIng. TIuL wouId noL cuL un unnuuI rubber suppIy sIgnIhcunLIy us IL Iuppens every yeur, buL wouId cuL eurnIngs on rubber exporL sIurpIy In LIe second quurLer und IL wIII uecL GDP, suId Anun IIu, Ieud oI LIe Om ce oI AgrIcuILure EconomIcs. Rubber producLIon normuIIy IuIves Irom uround zo,ooo Lonnes u monLI durIng LIe dry seuson. Truders suId IuIIs In rubber exporLs wouId be In IIne wILI IuIIs In producLIon. or sugur, LIe Om ce oI Cune und Sugur Bourd (OCSB) Ius muInLuIned ILs IorecusL Ior zo1qJ1 cune producLIon oI more LIun 11o mIIIIon Lonnes. However, Lruders und Indus- Lry om cIuIs suId LIey were con- cerned LIuL severe dry weuLIer couId cuL sugur conLenL In LIe cune und reduce sugur suppIy. Reuters Manila Water Seeks Regional Expansion to Spread Investment Risks M unIIu WuLer Co (MWC), LIe IurgesL IIsLed PIIIIppIne wu- Ler uLIIILy, pIuns Lo expund In SouLIeusL AsIu Lo dIversIIy und spreud InvesLmenL rIsks wIIIe IL deuIs wILI reguIuLory pressure Lo cuL LurIs In LIe cupILuI. PoIILIcuI sensILIvILIes uround wuLer LurIs cun onIy IeIgILen Wai Linn Kyaw over LIme, PresIdenL Gerurdo AbIuzu LoId sIureIoIders uL LIe compuny`s unnuuI meeLIng In MunIIu. TIe uLIIILy Ius exum- Ined opporLunILIes eIsewIere und Is commILLed Lo expund In emergIng murkeLs, purLIcuIurIy VIeLnum, ndonesIu und Myun- mur, Ie suId. MunIIu WuLer, wIIcI serves IuII oI LIe meLropoIIs, Is under pressure Lo pursue regIonuI In- vesLmenLs Lo ucIIeve reLurns on u Iurger scuIe us IL deuIs wILI u reguIuLory pusI Lo cuL LurIs In LIe cupILuI, wIere LIe murkeL Ius muLured. TIe uLIIILy expecLs neL Income oI q bIIIIon pesos Irom new Io- cuIes by zo18, or qo percenL oI LIe group`s eurnIngs by LIuL LIme, AbIuzu suId. I we were Lo conLInue Lo grow, we musL Iook uL oLIer murkeLs und oLIer op- porLunILIes. TIe compuny wus ordered by LIe reguIuLor In SepLember Lo cuL ILs busIc wuLer cIurge uILer u pIunned Increuse, prompLIng IL Lo seek urbILruLIon uL LIe n- LernuLIonuI CIumber oI Com- merce. TIe compuny wIII wuIL Ior u ruIIng, expecLed by JuIy uL LIe IuLesL, beIore commILLIng Lo u spendIng und hnuncIng pIun, CIIeI InuncIuI Om cer uIs Juun OreLu suId. Spendi ng plans TIe uLIIILy proposed spend- Ing us mucI us 6o bIIIIon pesos In hve yeurs, OreLu suId, udd- Ing LIuL unLII LIe urbILruLIon Is hnuIIsed, IL`s very dIm cuIL Lo muke uny hnuncIng pIuns. TIe compuny sIgned un ugree- menL Lo cuL wuLer Ieuks In Yun- gon CILy In Myunmur, IL suId on MurcI 1;. L quuIIhed Lo bId Ior u buIk-wuLer suppIy projecL In Bundur umpung, ndonesIu, uccordIng Lo u sLock excIunge hIIng In ebruury. n JuIy, MunIIu WuLer IuIIed Lo wIn upprovuI Lo buy u 1 percenL sLuke In PT PAM yon- nuIse Juyu, wIIcI suppIIes wu- Ler Lo wesLern JukurLu. NeL Income uL MunIIu WuLer, wIIcI Is uIso pIunnIng Lo ex- pund operuLIons In VIeLnum, rose percenL Lo .; bIIIIon pesos IusL yeur us cusLomers bougIL more wuLer. Bloomberg Myanmar Summary A cow is seen at the dried-up Sirikit dam in ThaiIand's Uttaradit province, 47U km (292 miIes) north of the capitaI Bangkok. K e r e k
W o n g s a / R e u t e r s e .. . . -~_~ .. ..q~, ..: . ~.~ Manila Water Co (WMC) ,.-q.....:.~ ~.,..:._e~ .~:~ ._ ~e ~._ .- e ~:..:. _~:... ~.q.~:~:q...~. . ~..q,. q..._....~:. ~.. q,...~q._. _..~:~.~~~:. .q~,..:. ....,._ Manila Water ._ ~.~~_.._e.._...~~~ q... . . ~. , . .:._e~ .~:~ q, ~~ ~ ...~. q..._.....:.. ..:~ .:..:.qqq, ~e~._.- e~:.... _....,q._. _. .. ._ .~ ~ :~ ~e ~._ . . ~ . ~ ~:. , .-~._.. .q~, ..: . .~:~._..~:. _e~.~:~q, , _~:.._.. ~_.__._.q: ~,._ .:.~. .~ . ..:. _e . q . ._e~ q, ....:.._. ~. .|~ . ~ ._ q, ~ , _. - .qe ...~:. ._eq.q,~~~ ..: ~ _ .~ ~. . .~ . ~ .q. .. ._~: . .~. ~ q~.,~ ~.e:._.: _~:..._. .. ~ _~ .~ .,q._ . ...| .qq:..._~: ...~,.._..:._e. ._ .,..|.. .q::~....:. ..: ~._ e ., . , .q._~: . .. - .~...q.~,_~.~ ._.:_~:.._.. . .q.~~. ~~_ .._~: . .. :..q. e_e..~ ~.~~..:. q..,q ._ ..~.,_e _._.. ~. .q: ... .:.._ . q. . .._ _e. ._~: . ._.:_~:..._. ..e..:..:.~.,_e .,..|. .~.._...:. q....~.|~ ., ..|.~~,~.,_e ~, .,.. , .,.~ ..:~.:..._~:. ., . , .:.._ .q:: ~ . . . ~., _e ._. ._.:~ .. ._ -_. . ... .:.~ q::..._.._...:. q.,:. ._~~~ .~.~..:~._e ., . , .q._ .._~:. ~ . . . ~~ ~ _~ . ._~:. ~ ~e . ~~,~ ~ _~~,..|. ~~~ .,. ~... ._e .,.,.:...:._. ~,._ . .~,~:~,q..:.. ....|.qq:. . ._~: ._~:.. _~ ~ . . . .:. ~...._~:. ._.:_~:.:.._. PeopIe Iine up to coIIect water at Yazarthingyan Iake in BaIa township, near Yangon. FiIipino utiIity company ManiIa Water Co (MWC) has signed an agreement to cut water Ieaks in Yangon, which usuaIIy suffers from acute water shortage. S o e
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T u n / R e u t e r s April 24-30, 2014 Myanmar Business Today mmbiztoday.com REGIONAL BIZ 15 Myanmar Summary World Bank Trims China, East Asia 2014 Growth Forecasts Developing East Asia and Pacifc 2014 growth seen at 7.1pc vs 7.2pc in previous f cast Masayuki Kitano T Ie WorId Bunk LrImmed ILs zo1q growLI IorecusL Ior deveIopIng EusL AsIu buL suId LIe regIon`s economIes were IIkeIy Lo see sLeudy growLI In LIe nexL coupIe oI yeurs, IeIped by u pIck-up In gIobuI growLI und Lrude. TIe WusIIngLon-bused de- veIopmenL bunk expecLs LIe deveIopIng EusL AsIu und Pu- cIhc (EAP) regIon Lo grow ;.1 percenL In zo1q und zo1, down Irom LIe ;.z percenL ruLe IL Iud prevIousIy IorecusL Ior boLI yeurs. GrowLI In zo16 Is uIso seen uL ;.1 percenL, sLuyIng sIIgILIy be- Iow LIe zo1 growLI ruLe oI ;.z percenL, uccordIng Lo LIe WorId Bunk`s IuLesL EusL AsIu und Pu- cIhc EconomIc UpduLe reporL Issued. or EusL AsIu, we beIIeve LIuL LIe drIvers oI growLI ure goIng Lo be IncreusIngIy Irom LIe ex- LernuI IronL, becuuse oI LIe re- covery In udvunced economIes, WorId Bunk EusL AsIu und Pu- cIhc cIIeI economIsL BerL HoI- mun LoId reporLers. n ILs reporL, LIe WorId Bunk suId ImprovIng gIobuI Lrude wouId oseL IeudwInds Irom LIe LIgILenIng oI gIobuI hnun- cIuI murkeLs. EmergIng murkeLs, IncIudIng LIose In AsIu, Iud been roIIed by cupILuI ouLows Irom uround Muy Lo SepLember IusL yeur us InvesLors begun posILIonIng Ior LIe US ederuI Reserve Lo sLurL LuperIng ILs moneLury sLImuIus. WIIIe hnuncIuI murkeLs In LIe EusL AsIu PucIhc regIon Iuve sIown u muLed reucLIon Lo LIe ed`s ucLuuI decIsIon In De- cember Lo begIn scuIIng buck ILs quunLILuLIve eusIng, LIe pos- sIbIIILy oI cupILuI ow reversuIs remuIns u concern Ior deveIop- Ing counLrIes In LIe regIon, LIe WorId Bunk suId. TIe prospecLs Ior u normuII- suLIon oI US poIIcy ruLes wIII puL upwurd pressure on InLer- esL ruLes und couId LrIgger more sIzeubIe cupILuI ouLows Irom weuker economIes, us weII us muke debL munugemenL more dImcuIL In counLrIes wIere Iev- eruge Ius rIsen, LIe bunk suId. VIgIIunce on cupILuI ows remuIns wurrunLed, HoImun suId, uILIougI Ie udded LIuL mosL oI LIe cupILuI ows In EusL AsIu were now Irom IoreIgn dIrecL InvesLmenL ruLIer LIun porLIoIIo ows, mukIng LIem Iess voIuLIIe LIun In LIe pusL. Chi na gr owth TIe WorId Bunk LrImmed ILs zo1q growLI IorecusL Ior CIInu Lo ;.6 percenL, Irom ;.; percenL prevIousIy. L kepL LIe zo1 growLI IorecusL Ior CIInu sLeudy uL ;. percenL, down sIIgILIy Irom ;.; percenL ucLuuI growLI In zo1. TIe new zo1q ouLIook re- ecLed LIe bumpy sLurL Lo LIe yeur, IL suId, noLIng LIuL CII- nu`s IndusLrIuI producLIon und exporLs Iud been weuk In LIe Junuury-ebruury perIod. WIIIe LIe growLI ruLe oI In- dusLrIuI producLIon Ius sIowed, und exporLs conLrucLed In LIe hrsL Lwo monLIs oI zo1q, LIe Lrend Is neverLIeIess sLrengLI- enIng, und we expecL quurLerIy growLI Lo rIse uL mIdyeur us ex- LernuI demund Irom LIe IIgI- Income counLrIes soIIdIhes, LIe WorId Bunk suId. Reuters W o r ld
Owned 8 Produced by: Sponsorship & Exhibition marketing2@magenta-global.com.sg Get first hand insights into the constraints, challenges & opportunities especially for the newly emerging market of Myanmar Enquiries & Registration r.raj@magenta-global.com.sg Hotline +65 6391 2530 http:JJwww.magenta-global.com.sgJpoliticaltradeprojectrisksmyanmar2014J Hong Kong Buyers Send London Real Estate Soaring Anjali Tsui
oreIgn buyers ure snup-
pIng up cenLruI ondon Iomes, dIsLorLIng prIces und IorcIng poIIcymukers Lo Ievy new Luxes In un uLLempL Lo conLroI LIe murkeL. ondon reuI esLuLe Is umong LIe mosL desIrubIe In LIe worId, uLLrucLIng weuILIy InvesLors IookIng Ior IIgI reLurns - oILen uL LIe expense oI cILy nuLIves wIo ure beIng prIced ouL oI muny neIgIbourIoods. oreIgn money so domInuLes LIuL neurIy ;o percenL oI newIy buIIL properLIes In prIme ureus oI cenLruI ondon were bougIL by IoreIgn nuLIonuIs beLween zo11 und zo1, uccordIng Lo re- uILor KnIgIL runk. And nowIere Is LIe IrunLIc ruce Ior ondon reuI esLuLe more evIdenL LIun In Hong Kong, wIere newspupers regu- IurIy IeuLure IuII-puge udver- LIsemenLs Ior new buIIdIngs und deveIopers IosL suIes evenLs In swunky IoLeIs. Hong Kong`s murquee Mun- durIn OrIenLuI IoLeI Is Lruns- Iormed InLo u sIowroom Ior ondon properLIes on mosL weekends, wILI reuILors In- cIudIng KnIgIL runk und CoI- IIers seekIng Lo uLLrucL buyers -- muny oI wIom ure wIIIIng Lo sIeII ouL Ior un upurLmenL sIgIL unseen. CompeLILIon Ior LIese buyers Is InLense, so mucI so LIuL seII- ers even do buLLIe over securIng LIe besL IuncLIon rooms uL LIe MundurIn. TIe buyers we ure deuIIng wILI ure very experIenced In- vesLors, suId NeII BuLLy, KnIgIL runk`s Ieud oI InLernuLIonuI projecL murkeLIng. TIere ure uIso peopIe wIo come every week Lo Iook uL LIe projecLs LIuL ure on oer, so LIey undersLund wIuL`s good vuIue. BuLLy suId LIuL 1o Lo 1qo po- LenLIuI InvesLors come LIrougI LIe doors on u LypIcuI weekend uL LIe MundurIn. TIe wouId-be buyers ure meL wILI oor pIuns, vIew books wILI gIossy Imuges oI BuckIngIum PuIuce, us weII us u sIzubIe suppIy oI dIm sum, croIssunLs und coee. BuyIng uL LIe MundurIn Is u IuII-servIce experIence. As u deuI Is sIgned, InvesLors cun meeL wILI Iuwyers or dIscuss IurnILure opLIons wILI InLerIor desIgners. Some InvesLors Iope Lo renL ouL LIe properLy Lo LenunLs. OLIers buy Ior LIeIr cIIIdren sLudyIng uL bourdIng scIooIs und unIversILIes ucross LIe UK. MosL sIgn up Ior deveIopmenLs LIuL won`L be compIeLed Ior yeurs. AsIun buyers ure very suvvy und ure used Lo reudIng pIuns. TIey ure ubIe Lo vIsuuIIse wIuL LIey ure geLLIng In LIe end, ex- pIuIned CIerrIn oo, LIe Heud oI nLernuLIonuI ResIdenLIuI ProperLIes uL SuvIIIs CIInu. Jenny eung, u Hong Kong Iomeowner wIo uIso Ius prop- erLy In AusLruIIu, suId sIe wus IookIng Lo dIversIIy Ier InvesL- menL porLIoIIo In zo11 wIen sIe bougIL un upurLmenL In on- don`s Cunury WIurI LIrougI u properLy exIIbIL. You do wunL some kInd oI dIversIhcuLIon, sIe suId. You don`L jusL wunL Lo InvesL In your Iome counLry or Iome Lown. OLIers vuIue ondon reuI es- LuLe Ior ILs ruw eurnIng power, und see properLy us u sLubIe uI- LernuLIve Lo sLocks. I you Iook uL LIe perIor- munce oI LIe sLockmurkeL over LIe IusL 1o yeurs compured Lo cenLruI ondon, LIInk LIuL mosL peopIe wouId come ouL worse II LIey were In LIe sLock murkeL, suId AsIIey Osborne, execuLIve dIrecLor oI InLernu- LIonuI properLIes uL CoIIIers n- LernuLIonuI. TIere`s jusL u IeeIIng LIuL peopIe wouId ruLIer Iuve u sLuke In someLIIng LIuL LIey own ouLrIgIL. or deveIopers, seIIIng In Hong Kong Is u muLLer oI goIng wIere LIe money Is. EuroLerru co-Iounder PunLuzIs TIerIunos suId Ie cIose Lo Iocus on AsIu uILer observIng LIe success LIuL oLIer deveIopers were IuvIng In LIe regIon. BuL some deveIopers Ieur LIe uppeLILe Ior ondon properLIes muy sIow us LIe governmenL prepures Lo Lux IuLure InvesL- menL guIns mude by non-resI- denLs. CNNMoney .,.,_.q ~.q:~.:..._ . _.:.q..._.....:._e _._.~.~ q._.~..|,_.:.q..._.....:. ~,~. ~.._ _.,._:.q..q, ~ee_~_.. ~..: .:.....:.- ._:.q.~~~ ~ee_~..:.._. q ._ .-_. . q~ ~ .~ ~~ . .~.q:~._ ~.,...._ . _.:..:..:. .~e . .~: e, ~:.:. ._. Pedestrian walk past houses in London. S t e f a n
W e r m u t h / R e u t e r s April 24-30, 2014 Myanmar Business Today mmbiztoday.com INTERNATIONAL BIZ 17 Myanmar Summary Myanmar Summary Anjali Tsui G IIeud ScIences uIms Lo II- cense ILs new IepuLILIs C drug SovuIdI Lo LIree or Iour ndIun generIc munuIuc- Lurers Lo uIIow suIes oI LIe med- IcIne uL Iower prIces In some 6o deveIopIng nuLIons. CIIord SumueI, Ieud oI uc- cess operuLIons und emergIng murkeLs uL LIe US drugmuker, LoId ReuLers Ie expecLed Lo Iuve deuIs In pIuce sIorLIy wILI LIe ndIun hrms, wIIcI wouId be ubIe Lo produce LIe drug In IIgI voIumes und uL Iow mur- gIns. GIIeud Is under pressure Lo uddress LIe IIgI cosL oI ILs breukLIrougI pIII, wIIcI Is LIe hrsL oI u new wuve oI drugs LIuL Iuve been sIown Lo ruIse cure ruLes und cuL LreuLmenL duru- LIon wILIouL LIe sIde eecLs oI currenL InjecLIons. We`re In LIe mIdsL oI dIscus- sIons rIgIL now. We`re nuIIIng down LIe geogrupIIcuI scope, und we sIouId Iuve LIese II- cences In pIuce und reudy Lo go In sIorL order, SumueI suId. Gilead Aims to License Hepatitis C Drug to Indian Firms Licensed generic availability for some 60 developing countries, including Myanmar He suId GIIeud wus IookIng Lo sLrIke deuIs wILI hrms LIuL Iud proven experIence In produc- Ing generIc versIons oI ILs HVJ ADS drugs, sucI us LIe ndIun dIvIsIon oI MyIun. TIe osLer CILy, CuIIIornIu- bused compuny Ius been oper- uLIng u sImIIur voIunLury IIcens- Ing progrumme Ior muny yeurs Ior Iow-cosL HV drugs, wIIcI covers 11z counLrIes. Under LIe IepuLILIs C pIun, ndIun-mude generIcs wouId be uvuIIubIe In mosL oI sub- SuIurun AIrIcu, seIecLed AsIun counLrIes IncIudIng ndIu, Pu- kIsLun und Myunmur, und some smuIIer deveIopIng nuLIons. GIIeud Is uIso workIng Lo es- LubIIsI LIered prIcIng Ior SovuIdI In oLIer Iow- und mId- dIe-Income counLrIes, SumueI suId. TIe compuny sLruck LIe hrsL sucI LIered prIcIng deuI IusL monLI In EgypL, wIere IL Ius ugreed Lo suppIy LIe govern- menL uL jusL over 1 percenL oI LIe US prIce, or $oo Ior u z8- duy boLLIe uguInsL $z8,ooo. or ndIu, LIe compuny Is currenLIy dIscussIng u prIce oI $z,ooo bused on zq weeks oI LreuLmenL, uILIougI no hnuI deuI Ius been reucIed, SumueI udded. EgypL Ius LIe worId`s IIgIesL prevuIence oI LIe IIver-desLroy- Ing IepuLILIs C vIrus, wIIcI Is spreud LIrougI bIood, mukIng IL un obvIous hrsL murkeL Ior more uordubIe, LIered prIcIng. We`re LurgeLIng key, IIgI- prevuIence counLrIes IIke n- dIu, PukIsLun und EgypL. We ure sILLIng down wILI LIem und IookIng uL dIerenLIuI prIcIng, SumueI suId. GIIeud`s LIered prIcIng wIII noL uppIy, Iowever, Lo some Iurge mIddIe-Income counLrIes wILI sIgnIhcunL IepuLILIs C popuIu- LIons sucI us UkruIne und CII- nu, wIIcI ure vIewed us com- mercIuI murkeL opporLunILIes. n LIe UnILed SLuLes, SovuIdI`s prIce Lug oI $8q,ooo Ior u 1z- week course oI LreuLmenL Ius been descrIbed by one IeuILI provIder us ouLrugeous, wIIIe US Iuwmukers Iuve wrILLen Lo LIe hrm demundIng un expIu- nuLIon oI LIe prIce. Reuters EU Court Rejects Requirement to Keep Data of Telecom Users Tom Koerkemeier & Annika Breidthardt T Ie Europeun UnIon`s IIgIesL courL IusL week overLIrew u ruIe LIuL re- quIred LeIecoms compunIes Lo sLore LIe communIcuLIons duLu oI EU cILIzens Ior up Lo Lwo yeurs, on LIe grounds LIuL IL In- IrInged on busIc rIgILs. BrusseIs InLroduced LIe duLu- reLenLIon dIrecLIve In MurcI zoo6 uILer bombIngs on pubIIc LrunsporL In MudrId und on- don. TIe uIm wus Lo gIve LIe uuLIorILIes beLLer LooIs Lo Inves- LIguLe und prosecuLe orgunIsed crIme und LerrorIsm. BuL noL uII counLrIes - IncIud- Ing Germuny, wIere prIvucy Is un especIuIIy sensILIve Issue - Iuve ImpIemenLed LIe dIrec- LIve. TIey couId Iuve Iuced pen- uILIes II LIe courL Iud upIeId LIe ruIe requIrIng compunIes Lo sLore duLu Irom sIx monLIs Lo Lwo yeurs. TIe courL ruIed LIuL LIe dI- recLIve exceeded LIe IImILs oI proporLIonuIILy. TIe CourL Lukes LIe vIew LIuL, by requIrIng LIe reLenLIon oI LIose duLu und by uIIowIng LIe compeLenL nuLIonuI uuLIorILIes Lo uccess LIose duLu, LIe dIrec- LIve InLerIeres In u purLIcuIurIy serIous munner wILI LIe Iundu- menLuI rIgILs Lo respecL Ior prI- vuLe IIIe und Lo LIe proLecLIon oI personuI duLu, IL suId. urLIermore, LIe IucL LIuL duLu ure reLuIned und subse- quenLIy used wILIouL LIe sub- scrIber or regIsLered user beIng InIormed Is IIkeIy Lo generuLe In LIe persons concerned u IeeI- Ing LIuL LIeIr prIvuLe IIves ure LIe subjecL oI consLunL surveII- Iunce, LIe courL udded In u sLuLemenL. TIe ruIe Iud requIred LeIe- coms servIce provIders Lo keep Lrum c und IocuLIon duLu us weII us oLIer InIormuLIon needed Lo IdenLIIy LIe user, buL noL LIe conLenL oI LIe communIcuLIon. n Germuny, LIe dIrecLIve cuused u pubIIc debuLe. Ger- muny`s ConsLILuLIonuI CourL bIocked u Iuw In zo1o Lo sLore uII duLu Ior sIx monLIs. TIe gov- ernmenL Ius suId IL wouId pre- senL u new Iuw. TIe LopIc Is sensILIve In Ger- muny becuuse oI LIe surveII- Iunce by LIe GesLupo In LIe NuzI eru und by communIsL EusL Germuny`s SLusI secreL poIIce. Germuns were ouLruged by re- porLs IusL yeur oI Iurge-scuIe spyIng on Germun und Euro- peun cILIzens, InsLILuLIons und poIILIcIuns by US InLeIIIgence ugencIes. Reuters An illustration picture shows a network cable next to a pack of smartphones in Berlin. P a w e l K o p c z y n s k i/ R e u t e r s Gilead Sciences ~.,_e ,.- ~._ ..q: ~.:.~|. . .~ .... ~.. Sovadi ~:. ~.e...~ ...q...,.... ., ....~:. ......~: e_e.....|. '~ .~:~ ~,e.,_....~|..:.~_e. .q:..._..._. Gilead ._ ~...q:..,._. .:.~: .. ~ . .~ ..q ~ .. , ..:..._...~|.~..-~,~ .q~_..:..~~~ e~:......:. ._. q..,q._. ~..|~._..q:~.:.~|..... .~ ~q~ . e ~ ....:.~:.~:eq ~ .:e:q.... . ~:q . .:._e. ._ ~.e .|~.~,. _.,.:~.|~~ ~_.:.e_e...e.:.~:. _e,_e. .:..__e.._. K im b e r ly
W h it e / R e u t e r s .q:... -~_. . .~q:., .._ . .~. ~.q..:.~:. . .e~ ~: .~.e.q.~.~.:.~:. .q:. .. . .:..:.- .~ . e .q. ~.~ ~.~ .:.~:. . . . . ~ . . . ._ .. ._ ..... ~. q. ~:. ..~.._. Brussels ~ .~.e.q.~.~ ~.~ . . .._ ._. .~:. ~~' . . . Madrid . Londonq ~.:._._. .e e . ..: .q.~ - ...|~ ~ . _e. . :._. .~~_ .~ , _~:.. _. ._e. ._ . April 24-30, 2014 Myanmar Business Today mmbiztoday.com INVESTMENT & FINANCE 18 David Mayes Iuve reud muny urLIcIes und sLudIes In my IIIe ubouL LIe ud- vunLuge you guIn Irom sLurL- Ing Lo suve Lowurds reLIremenL eurIIer In IIIe. TIere ure uIwuys vurIous ussumpLIons mude wIIcI muke u Iuge dIerence Lo LIe sLuLIsLIcs LIuL end up be- Ing quoLed. SInce Iuve never cruncIed LIe numbers myseII LIougIL IL couId be u nIce exer- cIse Lo Iook uL u scenurIo unuIy- sIs wILI severuI ruLes oI reLurn und number oI suvIngs yeurs und see Iow sensILIve LIIs equu- LIon Is Lo LIe Lwo key vurIubIes. sLurL my unuIysIs wILI LIe us- sumpLIon LIuL we uII wunL Lo re- LIre us mIIIIonuIres. TIere Is no reuI reuson um pIckIng $1 mII- IIon oLIer LIun LIuL IL sLIII seems IIke u IoL oI money. We Iuve Lo pIck some number II we ure go- Ing Lo soIve Ior un umounL you need Lo suve eucI monLI undJ or u reLurn you need Lo muke Lo geL you LIere. L seems reusonu- bIe LIuL once InLeresL ruLes Iuve Why You Should Start Saving Sooner rIsen buck Lo normuI IeveIs Lo wIere you cun geL u decenL q- percenL suIe neL reLurn, u reLIre- menL poL oI u cooI mIIIIon wIII yIeId u decenL enougI Income Lo IIve comIorLubIy. AssumIng u reLIremenL uge oI 6o, uguIn u number pIucked sLruIgIL ouL oI LIIn uIr, hrsL soIved Ior unnuuI conLrIbuLIon requIred gIven u hxed reLurn und dIerIng numbers oI yeurs. Second, ussumed $1,ooo per monLI wILI vurIous ruLes oI reLurn und soIved Ior wIuL uge you wouId need Lo sLurL suvIng uL Lo geL your mIIIIon bucks uL uge 6o. TIe resuILs ure preLLy InLeresLIng und ure summed In LIe LubIes beIow. TIe mosL InLeresLIng LIIng Lo noLIce Is LIuL LIe greuLer sensILIvILy wILIIn LIe reuIm oI reusonubIe reLurns Lo ucIIeve on your InvesLmenLs Is Lo LIe suvIngs LIme Irume. I you sLurL suvIng uL uge q, suvIng $,ooo per monLI wIII jusL ubouL geL you Lo $1 mIIIIon gIven u com- pounded uveruge reLurn oI 8 percenL. However, udd one dec- ude oI suvIng und you cun geL Lo LIe sume pIuce wILI jusL over u $1,1oo per monLI. NoLIce LIuL II you sLurL suvIng u LIousund Table a: Annual contribution required to reach $1 million in retirementsavings by age 60 given various rates of return and ages at which contributions begin Table b: Age at which beginning $12,000 in annual contributions ($1,000/month) will yield a $1 million retirement pot at age 60 given various rates of return bucks u monLI even wILI u com- pound unnuuI reLurn oI 1z per- cenL you wouId sLIII need over LwenLy yeurs Lo geL Lo your gouI. I you sLurL suvIng uL uge z, you couId suve us IILLIe us $oo per monLI II you couId uveruge 8 percenL over LIe enLIre LIme Io- rIzon. WIIIe gIven sucI u Iong LIme Irume LIuL sIouId noL be Loo dImcuIL, even u more con- servuLIve reLurn sucI us q per- cenL needs jusL over u LIousund doIIurs u monLI Lo gIve you u mIIIIon doIIur poL uL uge 6o. TIe muIn LIIng Lo geL Irom LIIs exercIse Is LIuL you cun geL uwuy wILI LukIng very IIL- LIe rIsk und sLIII end up wILI u nIce reLIremenL poL II you sLurL eurIy enougI. Even II you Iuve sLurLed u bIL IuLe, do noL go InLo rIskIer InvesLmenLs LIun you ure comIorLubIe wILI Lo Lry und muke up Ior IosL LIme. Even II you ucIIeve u sIIgILIy IIgIer re- Lurn, LIe sIorLer LIme Irume wIII noL uIIow IL Lo Iuve LIuL mucI uecL. YeL you ure more IIkeIy Lo suer u Ioss you cun`L reuIIy uord II you go uILer ubove uv- eruge reLurns. TIe IronIc LIIng ubouL LIe Ionger LIme Irumes Is LIuL IL Is mucI eusIer Lo suIeIy ucIIeve u IIgIer ruLe oI re- Lurn, yeL IL Isn`L us ImporLunL In ucIIevIng your suvIng gouI. David Mayes MBA provides wealth management services to expatriates throughout South East Asia, focusing on UK Pension Transfers. He can be reached at david.m@faramond. com. Faramond UK is regulated by the FCA and provides advice on pensions and taxation. Sri Lankan Bank to Start Myanmar Operations by Q3 Wai Linn Kyaw C ommercIuI Bunk PIc (Combunk) wIII muke ILs Ioruy Lo Lup InLo Myun- mur`s emergIng hnuncIuI secLor, un omcIuI Irom SrI unku`s Iurg- esL prIvuLe bunk suId. TIe bunk`s cIuIrmun DInesI Weerukkody suId Combunk wIII open u represenLuLIve omce beIore LIe LIIrd quurLer oI LIIs yeur, SrI unku medIu reporLed. Myunmur onIy uIIows IoreIgn bunks Lo seL up represenLuLIve omces, wIIcI cun onIy udvIce ILs cIIenLs wIo ure InLeresLed or uIreudy Iuve operuLIons In Myunmur. SenIor cenLruI bunk omcIuIs suId LIuL IoreIgn bunk operuLIons, be IL u IuIIy-owned subsIdIury or u joInL venLure wILI IocuI bunks, mIgIL sLurL us eurIy us zo1. EurIIer, Combunk pIunned Lo enLer InLo Myunmur beIore zo1, buL IL`s sLIII IookIng Ior poLenLIuI sILes Lo esLubIIsI LIe omce. TIe cIuIrmun suId LIe bunk Ius cIeured uII LIe regu- IuLory und compIIunce requIre- menLs und LIe IeusIbIIILy oI LIe venLure Iooks exLremeIy good. Myunmur`s CenLruI Bunk In zo1z deveIoped u LenLuLIve sLruLegy Lo open up LIe domes- LIc bunkIng secLor LIuL comprIs- es LIree pIuses: prIvuLe bunks runnIng joInL venLures wILI IoreIgn bunks, JV bunks es- LubIIsIIng IocuIIy IncorporuLed 1oo percenL-owned subsIdIur- Ies, und IoreIgn bunks openIng bruncIes In Myunmur. CurrenLIy LIere ure repre- senLuLIve bruncIes oI q Ior- eIgn bunks In Myunmur, wIIIe LIe secLor Is domInuLed by Iour sLuLe bunks uccounLIng Ior Lwo- LIIrds oI LIe LoLuI bunkIng sec- Lor`s usseL buse, buL ure suId Lo be sLruggIIng keep puce wILI LIe modernIsuLIon und growLI oI LIe prIvuLe secLor peers. Combunk`s Myumur enLry Is comIng up uILer eIeven yeurs oI ILs hrsL overseus venLure, wIIcI sLurLed In zoo In Myunmur`s neIgIbour BungIudesI. WILI 18 deIIvery poInLs In zo1, 1 per- cenL oI LIe bunk`s neL prohL oI $8o.; mIIIIon wus conLrIbuLed by ILs BungIudesII operuLIons. Weerukkody suId Myunmur wouId udd vuIue Lo LIe bunk`s porLIoIIo und compIemenL ILs exIsLIng cusLomers LIuL do busI- ness In Myunmur. An Increus- Ing number oI vIsILors Irom ILs borderIng counLry BungIudesI Loo vIsIL Myunmur Ior busIness und oLIer purposes. Myanmar Summary Myanmar Summary . q .~ :. -~_~ .. .. . ~ ~ ~. . _e. ._ Commercial Bank (Combank) ._ e. . . .~ , . ~. , ~ _., .:. ~ , .. e . . . :.. q, ...,._~:. .q._. ._.:.~.:.._ .~q~., ~ _.,.:.~e.:..e,..:..: e...qq:._.. ~~ ...~..: ..~ _._~.~.:..~e~_ ..:._..~:. ~e~..:._. .~:. ~..,.~ ..~._. . :.._ e _., .:. -e ~ ~ ~ _.,._~_::.._. .~ q ~. , ~ _., .:. ~ ~ e .:..e,...:.q:~e..:.._ ~. ,, . q._~:. .q_.. .q .~ :. - Commercial Bank ._ .:... q ~ ~~ . . _~:q .. ._. . . . _. . .:...q. ...:..q...,. .:. _.,.:.. q..._.....:._.:. .:_..._~:e.~. Commercial Bank ,.. e.._.._e.._~:. .q ._. A branch of Commercial Bank Plc in Sri Lanka. U m a p a t h y ~,.~:~~...:~...: ..: ..:~_ . ..:.e . .~: . ._~.. ._. ~ ..: ..|..~ ._:....~ ~.:._~. e~.e.~e. .,:~.~: ~,.~:~ ~:... ..,:.~~_e. ~_...:.e . q.e . ~ . e .~ , .. ... .~ ~. . ~..~ ~,.~:....|~e. .. ..~.,, ~,.~:~ .~.... ...:...e ..:~,.|~~..~ .~.~e..|~e..|..: ~.~~. e: ~q._.,..|._.. , q:..,. .|..e~ q:..,...: ...:. . , ~~ ., ..~ ~_ . ..:.e . ._~. .~~ ~., ~.: ~.~: ~ ~e .,. . :_e. .|~e .~.~ '~ .: ~_...:.e_~.e._~.|.. ~.~ . . ~q e ..:~ . : ~. . ~ ..'.: ~~ , ..e.q.~: ....~~. q:..,.~.~ ~~. , q:..,..q.~: ~.~ '~ .:..,:~_e.~_...:.e..:_e. .|~e. April 24-30, 2014 Myanmar Business Today mmbiztoday.com INVESTMENT & FINANCE 19 Myanmar Summary Myanmar: Transitioning to A New Era A brief backgrounder of the emerging Myanmar economy and its potential as well as some key challenges A ILer more LIun Iour dec- udes oI IsoIuLIon, My- unmur Ius embruced u reIormIsL sLunce wILI u serIes oI pro-deveIopmenL poIIcy meus- ures Lo cuLcI up wILI ILs ASEAN peers und Lo InLegruLe ILseII InLo LIe regIonuI und gIobuI commu- nILy. On LIe mucro IronL, Myun- mur`s economIc growLI ruLes ure IIkeIy Lo remuIn posILIve wILI LIe counLry sLurLIng Irom u Iow buse und IoreIgn InvesL- menLs owIng In, LIougI con- cerns wouId be LIe buIId-up In InuLIonury pressures und ex- LernuI ImbuIunces. Myunmur`s geogrupIIc Iocu- LIon, popuIuLIon buse, ubundunL nuLuruI resources, und decudes oI underInvesLmenL ure uLLruc- LIve IucLors Lo InvesLors. TIe cIuIIenge LIougI Is Ior LIe gov- ernmenL Lo muInLuIn ILs reIorm momenLum und keep InIru- sLrucLure boLLIeneck und Inu- LIonury pressures In cIeck. Emer gi ng fr om i solati on Myunmur emerged Irom more LIun Iour decudes oI IsoIuLIon und mIIILury ruIe, by IoIdIng ILs hrsL generuI eIecLIon In zo yeurs In zo1o. TIIs wus u Lurn- Ing poInL Ior LIe counLry, us LIe mIIILury mude ILs LrunsILIon Lo u cIvIIIun democrucy LIuL puved LIe wuy Ior LIe openIng und re- Iorm oI LIe economy. SInce LIen, poIILIcuI deveIop- menL und economIc poIIcy re- Iorms Iuve proceeded In u IusL Suan Teck Kin puce, us seen In pro-deveIop- menL Iuws enucLed In vurIous secLors, LIe muIn one beIng LIe oreIgn nvesLmenL uw pussed In November zo1z. And Ior- eIgn InvesLors und compunIes Iuve Luken noLIce und sIown eugerness In wIuL Is Lermed us LIe IusL remuInIng IronLIer economy In AsIu. TIIs Ius re- suILed In IoreIgn dIrecL InvesL- menLs surgIng Lo $.6 bIIIIon In Yzo1J1q, neurIy LIree LImes Irom $1.q bIIIIon In Yzo1zJ1, und Is on Lruck Lo IIL $q bIIIIon In Yzo1qJ1, uccordIng Lo me- dIu reporLs In MurcI zo1q cILIng DIrecLoruLe oI nvesLmenL und Compuny AdmInIsLruLIon. oIIowIng LIe IosLIng oI LIe ASEAN Gumes In zo1, Myun- mur`s IoIdIng oI ASEAN cIuIr- munsIIp In zo1q wIII sIowcuse IurLIer LIe counLry`s progress oI InLegruLIng ILseII InLo LIe regIonuI communILy. So Iur In zo1q, Myunmur Ius uncIored LIe ASEAN IoreIgn mInIsLers reLreuL In Junuury, LIe ASEAN Inunce MInIsLers MeeLIng re- cenLIy (1- Apr zo1q), umong oLIers. TIe nexL mujor evenL In Lerms oI InLegruLIon wIII be LIe esLubIIsImenL oI LIe ASEAN EconomIc CommunILy uL end- zo1. Maki ng gr eat str i de i n economi c openness and r efor m SInce ILs hrsL generuI eIecLIon In November zo1o, LIe My- unmur governmenL Ius been mukIng sIgnIhcunL cIunges In ILs busIness und InvesLmenL Iuws us weII us economIc poIIcy, Lo muke up Ior decudes oI IosL LIme und Lo InLegruLe ILseII InLo LIe gIobuI economy. TIe gov- ernmenL Ieuders Iud reuIIzed LIuL conLInued IsoIuLIon wouId no Ionger be u vIubIe opLIon Ior Myunmur, especIuIIy us ASEAN neIgIbours uround IL Iuve been mukIng sIgnIhcunL economIc progress und ure workIng Lo- wurd becomIng purL oI LIe InLe- gruLed ASEAN EconomIc Com- munILy by end-zo1. TIIs Is reecLed In LIe com- purIson oI per GDP hgures uround LIe regIon, wIIcI sIows u vusL ImprovemenL over LIe pusL decude, wIIIe Myunmur Iugged beIInd despILe sLurLIng Irom u reIuLIveIy Iow buse. or InsLunce, neIgIbourIng ASEAN members Iuve seen LIeIr per cupILu Income InLo LIe $1,ooo+ IeveI In zo1, Irom LIe $oo- oo runge u decude ugo. How- ever, Myunmur remuIned beIow LIe $1ooo IeveI despILe sLurL- Ing Irom u Iower buse oI jusL sIIgILIy more LIun $zoo. OLIer counLrIes Iuve mude even more ImpressIve ImprovemenLs dur- Ing LIe decude, especIuIIy In CIInu`s cuse wIIcI sLurLed o uround ndonesIu und PIIIIp- pInes IeveI oI Income, buL Ius now Iur exceeded LIe Lwo In Lerms oI Income. However, growLI prospecLs ure posILIve Ior Myunmur, wILI M projecLIng In ILs IuLesL sLu ussessmenL reporL (MurcI zo1q) LIuL LIe counLry couId boIsLer conhdence IurLIer wILI suc- cessIuI poIILIcuI reIorms uIeud oI LIe zo1 eIecLIons. TIe M Contd. P 20...(Transitioning) Contd. P 20...(Transitioning) n a t io n s o n lin e . o r g _., .:..~ .. ~. . . ~ .._.:._ . . .e . . . ... . _~: ~ . ~ , . : q.~_...: _.,.:.._ ,.- ~:.e~e~..:..,:~. ~. . ~ q, . ...~ .. . ~~: ~. .~~ .~~ . . ...| ..|~ . q, ~~~ e_e.~.~~.~ ..:~.._ . ~|... .. .:.~ ~:._.__._. ._.: .. .q.q. ~_ .~ ~. q. ~ .~ ~ . . .:.._...:.q:.._ ~~. .~ ~. . ~_e. _., .:. ._ , . ~ . ._ ~.,~:.~. . . _., ._ ~:.e . ..:. . _. . . _.:.q .. ._. . . . .:. ._. .~~.. ..~.:.._. ~..~~_..:. .._~..e:... _..,:.:.. .~~:.~..q. . q: ~. e~ ..: ., .~._.~.,.:. . .~ .~ _. .q . . ., .q:.:.q .~: . q ._ _e. ..: ._ . _., .: . .. :..q.e _e . ~.~~..,.._ .~.~_.~~ q, ~.:.~.:.~: ..:.q .,._ ~ .~q._. . -.~ ~.,~:. . ..q~._. ~., . .e..|.:.._ .:~.e ~:~.:.. .e . . . ..| ..:.. : q .. . _.....:.. ~.~:.,_.. .._ ~._.~.,.:.~ _._.q..._.... ~~:. ...:.~q._. . ..: _._. ._.: .. . ~q , ~ , . :.q,. ~._..~..:~~~. q:~.~~..:.. .._~..e:... _..,:.:.~ ~_....:_~..~q, .: ~..q~~~ .,..'.~.q._e. ._ . ~.~, _. .. _., ._ . ..:_. . ....|. ~ ~~. _.,.:. ~ .. .. .~_~ . ~ ..._ ~~~ .q ..~:~ . . ~. . .e . . . ...._~:~.~,q.~_... .. ~. .q- ~ . .. . .~:~ . _., ._ , , . ~ . ..:. ._ ., .._ .. ~. .q April 24-30, 2014 Myanmar Business Today mmbiztoday.com INVESTMENT & FINANCE 20 From page j...(Transitioning) From page j...(Transitioning) revIsed up Myunmur`s zo1zJ1 growLI Lo ;. percenL, wILI u projecLed economIc growLI ruLe oI ;.; percenL by zo1qJ1 us consLrucLIon ucceIeruLes und servIces growLI remuIns sLrong. MeunwIIIe, M expecLs do- mesLIc InuLIon ruLe Lo reucI ; percenL uL end-zo1qJ1 (Irom 6.; percenL uL end-zo1J1q) on IIgIer eIecLrIcILy prIces und demund pressures. CurrenL uc- counL dehcIL Is projecLed Lo de- LerIoruLe Lo .1 percenL oI GDP In zo1qJ1 (Irom -q.8 percenL In zo1J1q) on LIe buck oI rIs- Ing ImporLs, wIIcI ure expecLed Lo be more LIun oseL by rIsIng D-reIuLed Inows. OveruII, LIe IuLesL ussessmenL by M sLu Is posILIve, buL IIgIIIgILs LIe vuInerubIIILy oI LIe counLry`s exLernuI buIunces und InuLIonury pressures, u condILIon LIuL Is common es- pecIuIIy Ior un eurIy emergIng economy IIke Myunmur wIere InIrusLrucLure Is pIuyIng cuLcI up uILer decudes oI IuggIng ILs peers, un ureu wIere LIe govern- menL needs Lo munuge weII. TIe IucL LIuL CenLruI Bunk oI Myun- mur Ius been gIven more uu- Lonomy und LIuL LIe excIunge ruLe Is on u munuged ouL busIs sIow LIuL LIe counLry Is movIng In u rIgIL dIrecLIon. Oppor tuni ti es and challenges CerLuInIy, LIere Is mucI cuLcI up Ior Myunmur Lo do. nIru- sLrucLure Is severeIy IuckIng us jusL sIIgILIy more LIun z percenL oI ILs popuIuLIon Is ur- bunIzed (compured Lo suy o.; percenL Ior ndonesIu und on pur wILI VIeLnum`s 1 percenL und beLLer LIun CumbodIu`s zo percenL), und Iess LIun IuII oI ILs popuIuLIon Ius uccess Lo eIecLrIcILy (compured Lo neurIy 1oo percenL Ior VIeLnum und ; percenL In ndonesIu), uccord- Ing Lo LIe WorId Bunk. OLIer key spendIng meLrIcs uIso sIow LIuL Myunmur Is LruIIIng LIe puck on u gIobuI busIs, sucI us IeuILI cure spendIng und edu- cuLIon spendIng. NeverLIeIess, Myunmur pos- sesses sIgnIhcunL udvunLuges und opporLunILIes LIuL pIuce IL- seII In u IuvourubIe posILIon: - Ls geogrupIIc IocuLIon us LIe crossrouds beLween CIInu und ndIu, IInkIng nuLuruI resources, LrunsporL neLwork, und murkeLs; - Access Lo LIe ndIun Oceun; - urge popuIuLIon buse oI 6o mIIIIon, und wILIIn LIe Iurger ASEAN popuIuLIon oI 6oo mIIIIon - Myunmur ILseII pos- sesses ubundunL resources, wILI LIe worId`s ;8 LI IurgesL oII reserves und q1 sL IurgesL gus reserves, Ior exumpIe. - SLurLIng o Irom u Iow buse meuns demund Ior even LIe mosL busIc InIru- sLrucLure InvesLmenLs Decudes oI under-InvesL- menL uIso presenL opporLu- nILIes Ior boLI IoreIgn und domesLIc InvesLors In ureus sucI us: - Energy, oII und gus re- IuLed: rehnery, power gen- eruLIon, power grId - ConsLrucLIonJdeveIop- menL oI IoLeIs, upurLmenLs, condos, IousIng: LIIs Is boLI Lo uddress LIe sIorLuge Ior vIsILors und LIe unLIcIpuLed urbunIzuLIon - MunuIucLurIng: espe- cIuIIy uLLrucLIve Lo CIInu und oLIer MNCs - EducuLIon und IeuILI reIuLed secLors: spendIng Lo rIse wILI Income - InuncIuI servIces WIIIe opporLunILIes ure pIen- Ly, LIere ure uIso rIsks und cIuI- Ienges Lo keep In mInd, jusL IIke In uny emergIng economIes LIuL ure begInnIng Lo Lurn Lo mur- keL-bused deveIopmenLs. MosL ImporLunLIy Ior Myunmur, LIe momenLum Ior economIc re- Iorms needs Lo be susLuIned weII InLo LIe IuLure even uILer sucI ImpressIve Lruck record In recenL yeurs (sucI us LIe new oreIgn nvesLmenL uw, und excIunge ruLe und cenLruI bunk reIorm). OLIer cIuIIenges Lo be mIndIuI oI ure InIrusLruc- Lure boLLIenecks und InuLIon- ury pressures us InvesLmenLs pour In, us weII us LIe need Lo deveIop quIckIy LIe hnuncIuI secLor so LIuL credIL cun be uIIo- cuLed em cIenLIy. Here, LIe Ireer ouLIng kyuL excIunge ruLe und u more IndependenL cenLruI bunk wIII pIuy u sIgnIhcunL roIe In mILIguLIng InuLIonury pres- sures und exLernuI ImbuIunces, us weII us In deveIopIng u IuII edge hnuncIuI secLor. Suan Teck Kin is a senior economist at Singapore-based United Overseas Bank. He joined United Overseas Bank in 2006 as an economist. He is responsible for economic and foreign exchange research with a primary focus on China, Hong Kong and Taiwan, and a secondary focus on South- east Asia. As a member of the Economic-Treasury Research team, he presents the teams market views to the Banks management team regularly and to the Banks clients in Sin- gapore and the region. ~.....~.~:~. ~q..:... ~.q..,.. ~.~.._.:.q:~ . .. :..q.. . ..:. . _._. ._.: .. . ,_ ... ..:.~ .e: ..: .... . ._ ~~~ ~._._~~~ ._.:...: ~._.:.~.~.._e..._. ~.,.._ ..q.e_e.~.~~. . ...:..q..~|..:.._.:.._..~ ._ ~q , ~e , _e . _., . :._.: .. .:. ._ . ~_~. .. .~ e _e . ~.~~.~.q.,._ ....:. ~ _., .:. . ._ .~ .._e ~~ . . . .~:.~ ._.:.q..._.... ...~ ~_.,..._.._.:. q..._. ....:.. ~.~.:.._ _.,.:.~:. ~:q-.,:~...~ ~, ...:..q.,e._...~_e. .~ ~:.~ ., . :~. ~. ~ _.. _~._ . ~~~~, _:.q...~ . _.:.q .. ._. . . . ._ ~..q ~, ..'.: ~ ... , . e q . q:. ~~,~~, _:.q...~ ~..q~,..'.: , ... ' .e~ ...,..|. ~. e , .~ .~~ .:. ._ . q .. . _. . . . . ~ . ~ .:. , _~:.. .. ._:, - ~.~q ._.:.q..._....._ ~~,~~ _:.q...~ ~..q ~,..'.: , .e~qq._e .~..e:_..~.:.~q .qq._. ~~, . . . ~ _~ . ._.:~ ~.q .~:~:q~:.~.:._..~ ~.q . ~_e. .~ . ~ ... _. .. ~~, ~ ~:.e~_q:.~ .~.. _. .~ ._ ._ . _., .:. -...~ . ~. ~ ~~, .. . ...| ...: q ~ . . q:~.~~..:.~ .e:,._...~ q._. e... ~~, ... ~,,~|q. ~ _.,.:.._ ~:.e._.:. .q.~, _~ ..:.. .., ~._ .~.~.. -_.. ~ q~.,. q~.,~ ~:. e _:.q.~, _ ~ .. :.~._ . ~.~.~ ~.q~_e. .~.~... ._. .,:~.~.~....:.~ ~.q.~.,_e ~~ ...~~,~ ~:. e . . . :. .q. . ~e ~._ . (ASEAN Economic Community) .: .q.~ ._. ~~ _~. :. ...| . ..:q~.:..__e.._. e. .~:~ . ~ .e: _..~ .:.._ _., .: . .. :..q._., ._ . ..~ ~ .: _... ~.:.~.:.~:..:.~_. ~. ~. , ..'. ~.~ ~.:~ ~. _e. ..._~.~~.~.:._e..|._. . .. :..q.. . ._. .:. . _._. ._.: .. . .:.~ . ~ .~ _., ., .: ~.~: ~_ .e: . _. . _., .:. ~..q._ ~~~ ... .~:.~ ~...._ .... ~_ ~ . ~. ..q ..~:~._..., ~~_ .~ .e . . . ..| ..:.. :. ., .. ._ ~. , .:.~ _.,._~...q,. ~.:...:..q...:~~~. _.,._ ..|.._.q,~~ ~ . .. :..q.. . , . . q .. ._. . . .. q:....:.. .. :..q. . ~|..:.~ . . .:.:._.: .. . .:. ....:.._. ~.~..:q~ .~.:.~ .e:_.:.._~e:.~ _~_..|._,. ~. .q~_~ .~~ .:.~.,. ._ . _.,.:.._ ~..~_.~.~, .~.~q.~_q, ~._.~.,.... .~:._~:. .~_.._~._. ~. ._e ~.,...~:.e..:.._ ..:q:.._ ...:..q.~.~~. .:.~ .e:..:.,_~_.. ~~ ... ~ , ~ ~:. e . .. :..q.. ~e ~._ . (ASEAN Economic Community) ~~ . . ...| ..|~ q, ..: q ~ .,_~ ..:._~: _e. ._ . .,: .~~._.. ~ Telenor . ~:~: ~._..~ Ooredoo ~~:. .~.e .q....:......._. ~~.|.e:_..~ ~e:.._ ... ~...:.-_._~.~.:.~ ~ , ~ . . . (GDP) . , .:.~ . .e .e:_.:._.._e.._. April 24-30, 2014 Myanmar Business Today mmbiztoday.com INVESTMENT & FINANCE 21 Myanmar Summary Myanmar Summary Japanese Firms Strike Hi-Tech Power Plant Deals with Myanmar T wo Jupunese compunIes Iuve ugreed deuIs Lo de- veIop udvunced couI-hred power pIunLs In Myunmur und MuIuysIu us purL oI u govern- menL drIve Lo exporL energy-eI- hcIenL LecInoIogy Lo emergIng murkeLs, u reporL suId. TIe Jupunese governmenL Is seekIng Lo promoLe LIe exporL oI uILru-supercrILIcuI (USC) pressure LecInoIogy power pIunLs Lo meeL expecLed grow- Ing demund In emergIng econo- mIes, LIe NIkkeI busIness duIIy suId. USC power pIunLs ure LIe mosL emcIenL In LIe worId, gen- eruLIng IoLLer, IIgIer-pressure sLeum LIun convenLIonuI unILs resuILIng In sIgnIhcunLIy Iower curbon dIoxIde emIssIons, NIk- keI suId. SumILomo MILsuI BunkIng Ius reucIed u deuI Lo exLend Iouns Ior u z6o bIIIIon yen USC power generuLIon projecL In Myunmur, LIe duIIy suId. Jupunese Ieuvy mucIInery mukers wIII Luke purL In LIe con- sLrucLIon oI LIe pIunL wILI un ouLpuL oI 1.z8 mIIIIon kIIowuLLs In cooperuLIon wILI TIuI engI- Phyu Thit Lwin neerIng hrm Toyo-TIuI Corp PubIIc Co, IL suId. Jupunese LrudIng hrm MILsuI Ius ugreed Lo oversee LIe con- sLrucLIon und operuLIon oI u pIunL In MuIuysIu wILI Lwo USC generuLors LIuL cun eucI pro- duce one mIIIIon kIIowuLLs oI energy, LIe duIIy suId. MILsuI, purLnerIng wILI gov- ernmenL-umIIuLed InIrusLruc- Lure group 1MuIuysIu DeveIop- menL BId (1MDB), Is expecLed Lo sIgn u IormuI conLrucL wILI LIe MuIuysIun governmenL by LIIs summer, NIkkeI suId. TIe projecL Is vuIued uL ubouL 6o bIIIIon yen (RM11.8 bIIIIon) und come onIIne In zo18. Under LIe pIun, TosIIbu wIII deIIver sLeum LurbInes Lo LIe pIunL Lo be buIIL In JImuI, souLI oI KuuIu umpur, wIIIe Jupu- nese Ieuvy equIpmenL muker H wIII provIde boIIers, NIkkeI suId. TIe Lwo compunIes wIII sLurL LIe consLrucLIon by LIe end oI LIe yeur und uIm Lo sLurL LIe pIunL In zo18. EIectric Power BeveIopment Co (]-Power)'s coaI-red thermaI pIant is seen in Yokohama, south of Tokyo. Y u r ik o
N a k a o / R e u t e r s ASA International Starts Myanmar Operation; Eyes $8m in Loan Portfolio by 2016 A SA nLernuLIonuI (ASA), one oI LIe IurgesL mI- crohnunce InsLILuLIons In LIe worId, Ius IuuncIed ILs operuLIon In Myunmur, LIe or- gunIsuLIon suId. ASA MIcrohnunce (Myun- mur) Ld, un umIIuLe oI ASA, IuuncIed ILs operuLIon In My- unmur IusL monLI IoIIowIng ILs upprovuI Irom LIe DIrecLoruLe oI nvesLmenL und CompunIes AdmInIsLruLIon (DCA). ASA nLernuLIonuI HoIdIng Ld enLered InLo un ugreemenL wILI LIe UnILed NuLIons CupILuI DeveIopmenL und (UNCD), under wIIcI UNCD wIII pro- vIde grunLs oI $z mIIIIon Ior greenheId operuLIon In Myun- mur Ior LIe nexL LIree yeurs. ASA wIII be provIdIng $1 mII- IIon us equILy und $z-z. mII- Wai Linn Kyaw Year-wise branch expansion and staf deployment plan at the feld level IIon us Ioun Lo ASA MIcrohnunce (Myunmur) Ld by zo16, LIe mI- crohnunce ugency suId. By zo16, ubouL $8 mIIIIon Ioun porLIoIIo und $o.8 mIIIIon suvIngs buIunce Is projecLed, IL udded. We Iope LIuL our InLerven- LIon In Myunmur wIII breuk- LIrougI In LIe poverLy reduc- LIon oI Myunmur wIIcI Is compIemenL Lo LIe MIIIennIum DeveIopmenL GouI, urIdur RuImun, generuI munuger oI ASA MIcrohnunce (Myunmur) Ld, suId. He suId ASA InLends Lo InLro- duce ILs cosL eecLIve und sus- LuInubIe mIcrohnunce modeI In dIerenL purLs oI Myunmur, wIere o percenL oI LIe servIce ureus wIII be semI-urbun und LIe resL ruruI. n LIe nexL LIree yeurs we wouId IIke Lo seL up q bruncIes In Yungon, Bugo, Mon, Ayeyur- wuddy, Mugwuy und MunduIuy und provIde mIcrohnunce ser- vIces Lo q,ooo cIIenLs, urIdur suId. TIe mIssIon ASA Myunmur Is poverLy reducLIon LIrougI economIc empowermenL by ensurIng uccess Lo hnuncIuI servIces Lo LIe underprIvIIeged communILy oI Myunmur. TIe evenLuuI gouI oI LIe or- gunIsuLIon Is Lo reucI poor und Iow Income IouseIoId wILI LIe servIces oI mIcrohnunce sus- LuInubIy, Ie udded. urIdur suId LIe compuny Is goIng Lo open Len bruncIes In perI-urbun ureus oI Yungon soon. ASA nLernuLIonuI Is u mIcro- hnunce IoIdIng compuny und regIsLered In MuurILIus und LIe NeLIerIunds. CurrenLIy, ASA Is operuLIng In sIx counLrIes In AsIu und AIrIcu wILI nIne dII- IerenL enLILIes LIrougI green- heIdIng, LIe compuny suId. As oI MurcI zo1, ASA served ubouL q.q mIIIIon Iow-Income IouseIoIds wIere more LIun qo percenL oI LIe cIIenLs were IemuIe. Ls Ioun porLIoIIo sLunds uL over $;o mIIIIon wIIIe de- posIL Is uL $q1 mIIIIon. S o u rc e : A S A M ic ro f n a n c e (M y a n m a r) ., ~ . ~ . . . ._ ~. .q-. . .~ ..~:.q.,_.._:~:. e_e..... ~ ~ .:.. _e, _e.q, , _~:..~ . ~_ ~._..~:~........:~~:. ....~,.:.~:. ....q:.. _.,.: . ~ ~ ~_ ..:~ q, ..:~ _ .~qq_.._e.._~:. .q._. ., ~. .q~.,_e ultra-supercritical (USC) pressure ,_.._:...:~ ~:.....~,.:.~:. e_e.....~~ .:.- ...~~.~..~_..:..:. . ~ ~ _ ..q, _. ~ ..: q ~ ., ._~:. .q._. .,. Mitsui ~,.e.q.~.~ ~.,_e ....q:..~ ...~ ~ . ~. ~. ., .. ~ . . . ._ USC generators ....~:. ~_..:~ ._.~q, ..:~_._.._e.._. ~_. Sumitomo Mitsui Banking ._ _.,.:.~ USC power generation. . ~ , .~:.~.~: ~_ .e: . q, ~~ ~ e, .. '~ . e ~ ......q, ..:~ _ :._. ._e. ._......:~~:. ~.~...|. ~ ... .,.~q._ ~..| . . ~ , .~:. ., ~_~..:..~ . . . , . q.:..Toyo-Thai Corp Public Co, ~....|.....:.:..__e.._. ~.:~_~... ~....:....... ,.~e~._.~.._e.._ ASA International (ASAI) ._ _.,.: .~ ..,..:. .~..~., _. _e. ._~: . ~. .|~e ~._ .. ._~_: :.._. ASAI ~e ~._.~_e.._ ASA Microfnance (Myanmar) Ltd ~., _e q..._..... ~.~.:._~._~. .q. .. ._:,. . _..~ qq . _. . e. . ~. ..,..:. .~..~.,_.. _e. ._ .ASA International Holding ._ United Nations Capital Development Fund (UNCDF) . ..:~ _ .~ qq . _. . ~. .|..: ~_.~~q UNCDF ._ _.,.: .~:. .....: ..'.: .,. ....~....__e.._. ASAI ~.,_e ..'.:~. ., .~:. q e e:~, e .~_e. .:~ . ._ _e. _. . ..'.: .,.. .,..~:. ASA Microfnance (Myanmar) ~:. .... ~_e. ~~' ~ ~....__e.._. ~~' ...~ ......|. ..'.: .,.. . ..: .. ..'.: . _... .,. qq.q, ..:.,.:.._~:. .q._. Women make brooms as part of MFI-funded home-based income generating activi- ties at Chaung U village in Myanmar. F a h m id
B h u iy a / P G M F April 24-30, 2014 Myanmar Business Today mmbiztoday.com INVESTMENT & FINANCE 22 Myanmar Summary Myanmar Summary Getting to Know the Central Bank of Myanmar I n IIgIL oI one oI LIe ouL- sLundIng moneLury poIIcIes oI LIe governmenL Lo IIber- uIIse LIe hnuncIuI secLors oI LIe counLry LIIs yeur, we Iook uL LIe reguIuLory body oI LIe commer- cIuI bunkIng busIness. TIe Cen- LruI Bunk oI Myunmur (CBM) wIII begIn wILI LIe bIg sLep by IuvIng LIe poIIcy Lo grunL u bunkIng busIness IIcence Lo IoreIgn bunk Lo curry ouL LIe wIoIesuIe bunkIng In LIe LIIrd or IourLI quurLer oI zo1q, In ud- dILIon Lo LIe presenL poIIcy In uIIowIng u IoreIgn bunk Lo seL up onIy u represenLuLIve om ce. Once grunLed wILI LIe bunkIng busIness IIcence, IoreIgn bunk wIII pIuy ImporLunL roIes In drIvIng LIe Increuse oI IoreIgn InvesLors InLo LIe counLry us LIe IIcensed IoreIgn bunks muy grunL Iouns Lo LIe IoreIgn Inves- Lors Ior LIeIr InvesLmenL In My- unmur, uccordIng Lo LIe CBM`s poIIcy uL LIIs sLuge. As LIe reg- uIuLor, LIe CBM sIuII uIso pIuy ImporLunL roIes In monILorIng und supervIsIng LIe bunkIng In- dusLry. Boar d of CBM CBM Is currenLIy subjecL Lo LIe CenLruI Bunk oI Myunmur uw (PyIduungsu HIuLLuw uw No. 16Jzo1). Under LIe uw, CBM sIuII be munuged by bourd oI dIrecLors wIIcI sIuII be con- sIsLed oI nIne members - LIe CenLruI Bunk Governor, LIree DepuLy Governors und hve pro- IessIonuI experLs wILI weII re- versed experIences In econom- Ics, hnunce und bunkIng Iuw, uccounLIng und uudILIng works. TIe Lerm oI LIe governor Is hve yeurs wIIIe oI LIe members In- Chulapong Yukate cIudIng LIe depuLy governor Is Ior Iour yeurs. TIe governor und LIe members sIuII noL be uIIowed Lo serve more LIun Lwo Lerms. I mpor tant Functi ons, Duti es and Power s of CBM TIe IoIIowIng ure LIe sum- pIes oI LIe IuncLIons, duLIes und powers oI CBM us prescrIbed In LIe Iuw: IormuIuLIng LIe ImpIe- menLIng LIe moneLury poIIcy; decIdIng IoreIgn excIunge poII- cIes; supervIsIon und conLroI- IIng oI hnuncIuI InsLILuLIon; conLroIIIng und munugIng; pro- vIdIng sIorL Lerm Ioun Lo bunks; supervIsIon und conLroIIIng LIe moneLury murkeL und IoreIgn currency murkeL; IssuIng II- cence Lo LIe bunk und hnuncIuI InsLILuLIons; und perIormIng necessury meuns Lo ucquIre LIe sLubIe und vIubIe IoreIgn Lruns- ucLIon. ApurL Irom LIe ubove sumpIes, CBM sIuII ensure LIe moneLury sLubIIILy oI LIe counLry und one oI LIe mujor roIes oI CBM In en- surIng LIe moneLury sLubIIILy Is LIe responsIbIIILy In IIcensIng, revokIng, InspecLIng, supervIs- Ing und reguIuLIng bunk und h- nuncIuI InsLILuLIon. TIe oLIer mujor powers ure LIe LrudIng oI LIe securILy ex- cIunge cerLIhcuLes In LIe h- nuncIuI murkeL, ImposIng re- duced ruLe und LIe IeusL reserve money requIremenLs, us weII us LIe unnouncIng InLeresL ruLes und Ioun. n uddILIon, wILI LIe power oI LIe InspecLIon on LIe hnuncIuI InsLILuLIons, CBM`s us- sIgned sLu sIuII be empowered Lo vIsIL LIe pIuces oI busIness oI LIe bunks und hnuncIuI InsLILu- LIons Lo InspecL LIe uccounLs, Iedgers, supporLIng documenL und records. CBM sIuII uIso be empowered Lo gIve un order Lo LIe bunk und hnuncIuI InsLILu- LIon Lo send LIe requIred duLu Lo CBM Ior LIe InspecLIon. To en- sure LIe sLubIIILy on moneLury sysLem, CBVM sIuII be empow- ered Lo esLubIIsI LIe Ioun In- IormuLIon cenLre Ior Ioun duLu InIormuLIon Lo evuIuuLIng LIe Ioun credIbIIILy. Functi ons of CBM i n for ei gn exchange management Two oI LIe mujor duLIes oI CBM In LIIs uspecL ure Lo Im- pIemenL LIe IoreIgn excIunge poIIcy und Lo hx LIe IoreIgn excIunge ruLe, upon LIe udvIce oI LIe governmenL. n perIorm- Ing LIe IuncLIons In IoreIgn ex- cIunge munugemenL, CBM wIII pIuy sImIIur roIes oI LIe cenLruI bunks oI LIe oLIer counLrIes. SucI roIes ure Ior exumpIe buy- Ing, IoIdIng, seIIIng und deuI- Ing In goId, IoreIgn currencIes, Lreusury bIIIs und oLIer securI- LIes excIunge cerLIhcuLes, or borrowIng In uny IoreIgn cur- rency cerLIhcuLes. Other functi ons and duti es of CBM TIe Iuw uIso Ius LIe provI- sIons us Lo LIe IuncLIons und duLIes oI CBM In LIe conLroIIIng puymenL und uccounLIng cIeur- Ing sysLem, ucLIng us bunker Lo exLend sIorL Lerm Ioun, us weII us In perIormIng LIe govern- menL`s moneLury muLLers sucI us uccepLIng LIe deposILs oI und muke puymenLs on beIuII oI LIe governmenL. TIe Iuw conLuIns oI 1z1 sec- LIons empowerIng CBM Lo mon- ILor und supervIse LIe bunks und hnuncIuI InsLILuLIons und IL Is ImporLunL Lo noLe LIuL CBM Is empowered Lo Issue necessury ruIes, reguIuLIons, bye-Iuws, orders, dIrecLIves und proce- dures under LIe Iuw. TIereIore LIe bunkers und LIose wIo ure In LIe bunkIng secLors musL ensure LIuL LIey ure upduLed wILI LIe mosL recenL reguIu- Lory requIremenLs oI CBM sInce LIe Iuw uIso Imposes LIe severe penuILy Ior LIe oences under LIIs Iuw. To gIve our reuders LIe IuII pIcLure oI LIe reguIuLory body In LIe bunkIng busIness In My- unmur, wIII expIore LIe pro- vIsIons oI unoLIer IegIsIuLIon wIIcI Is LIe Myunmur Inun- cIuI nsLILuLIon uw In my nexL urLIcIe. Chulapong Yukate is the Chair- man of Myanmar Advisory Lim- ited and can be contacted at chu- lapong3@gmail.com. Govt Revenue Rises to $3.4b in 2013-14 T Ie governmenL`s LoLuI revenue rose Lo K.qz LrIIIIon ($.qz bIIIIon) In zo1-1q hscuI yeur, LIe nLer- nuI Revenue DepurLmenL`s duLu sIows. TIIs murks u rIse oI K;1o bII- IIon ($o.; bIIIIon) compured Lo Kz.;1 LrIIIIon ($ z.;1 bIIIIon) coIIecLed In zo1z-1. TIe nLernuI Revenue DepurL- menL suId IL wIII soon unnounce LIe Lop 1,ooo Lux puyers Ior LIe IusL hscuI yeur. TIe governmenL recenLIy uwurded Ionorury cerLIhcuLes Aye Myat Lo Lop o cILIzen Lux puyers und Lop o commercIuI Lux puyers Ior LIe IusL hscuI yeur. TIe umounL oI revenue re- ceIved Ius been on LIe rIse every yeur under U TIeIn SeIn`s reIormIsL governmenL. n LIe IusL yeur oI LIe prevIous govern- menL (Yzo1o-11), LIe LoLuI rev- enue wus K1.zz LrIIIIon ($1.zz bIIIIon). L rose Lo K1. LrIIIIon ($1. bIIIIon) In zo11-1z, und Kz.;1 LrIIIIon ($z.;1 bIIIIon) In zo1z-1. TIe governmenL Iormed LIe Bourd oI ScruLInIsIng und Mon- ILorIng oI Tux CoIIecLIon In Muy IusL yeur. TIe Lop Len commercIuI Lux puyers Ior zo1z-1 were My- unmur Brewery Ld, RoLImuns oI PuII MuII Myunmur PLe Ld, Dugon Beveruges Co Ld, BTC Compuny Ld, Myunmur CP IvesLock Co Ld, CILy MurL HoIdIng Co Ld, PremIer CoI- Iee Co Ld, YuLIur CIo ndusLry Ld, Mux Myunmur ConsLruc- LIon Co Ld und SLruILs Green- heId Ld (Sedonu HoLeI Yun- gon). Top Income Lux puyers oI LIuL yeur were BTC Co Ld, My- unmur CP IvesLock Co Ld, SIwe Tuung DeveIopmenL Co Ld, Co-OperuLIve Bunk Ld, Mux (Myunmur) ConsLrucLIon Co Ld, Dugon Beveruges Co Ld, SIwe Me Co Ld und AsIu WorId Co Ld. _., .:. .~: -e ~ ~.,_e .~q~. ,~ ._.:.~.:.~:. ~ e .:.. e , .. .:..: e . .....: ._. ~~, - ~~e. .~~ . ...~ .:.~ . _.:.~ .:.~:. . .. :..q.~ . . .:. ....~: . _.:.q..._.....:.~:. _.,.:. ~ q .. ._. . . . .:._.. . . q, ~~ ~ .....:. ~....q.~:.__e. ._. ~..~e~..~.,_e -e~ ._ ~..,..:.~:. ..:_~_ _... _~._~._..~~:. ~.~.. ..: . :.._ _e. ._ ..~ q -e ~ ._ _._.:..~.~:. _._:,. .~._ -e~...~q e._. :._.._e._.. ...:..q. _:.q.. ~....:.~ ~.~~_~q._ ._:q |.. .~~ ~_ ... ~~_~..~. e._.:._.. _e.._. ..~q -e~~.,_e .._~. . q:. ~|..:.~:. ~ ~ .~ _ . . _.. .~~:.._~...e..~|. .:.~:. ..~_...._~.~e~._. .:.~:.~_ _ . .~: , ._ ...q .__e.._. _._ ~ .~. , .. ._:,-.:q .~e:. .:.~q ~~,~~, _:.q.. . ~ ~..,...|. , ... , q.e ..'.: , ... , .e, ~., .~:~.qq.._~:. .q._. ~ . .~:~ . qq . . : ~~~~, _:.q...~ .~:~.qq.._ ~..,...|. ... ~ q.e ..'.: ... ~ .e, . . .e .|~ ~. ., ...| . ~~ . e ..'.: ._... .e, .. .~:~ . qq . _. ._e. ._~: . .:q ..:. ~q.q._. ~.,..._:,~.,_e ._~:. ~ e. . . - ~.:.. . ~. , ....:. ~,~~~ .:q.~:. ~ _.,....__e.._. e._:.q...~~.~ ~..q ~.,_e ~.,~.:........:. . .:. ~ . . .. :..q.~. , ~.:.. . .....:. ~ ~~:. ~_...:. .._......_...,..,..|...: ._ ~. .q~~ .:._ .,:~ . .~ ~.,.~:~.qq..:. ...~.~~ .:_.._e.._. e. ~. .q .~~ ~~~~~~ _:.q... ~ ~.,~..,...|. ~ ... q . e qq._.. ~~~ ~~ ~ ~..,. ..|. ~ ... , q.e qq.._. Myanmar's Central Bank building is seen in Nay Pyi Taw. S o e
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T u n / R e u t e r s April 24-30, 2014 Myanmar Business Today mmbiztoday.com PROPERTY & REAL ESTATE 23 Myanmar Summary Myanmar Summary Ayala Land Eyes Myamar Move A yuIu und, LIe properLy subsIdIury oI LIe PIIIIppInes- bused AyuIu group, Is uIm- Ing uL deveIopIng overseus murkeLs, purLIcuIurIy In Myunmur und VIeLnum, u compuny omcIuI suId. AyuIu und nc Is ex- pundIng ILs resIdenLIuI deveIopmenLs und ILs re- LuII busIness Lo ILs ASEAN neIgIbours, newIy up- poInLed presIdenL und CEO Bernurd VIncenL O Dy suId In u brIehng uILer u sLockIoIders` meeLIng, uccordIng Lo IIIpIno me- Aye Myat dIu reporLs. n Myunmur, AyuIu und purLnered wILI u IocuI reLuII compuny Ior u $o-mIIIIon resIdenLIuI projecL comprIsIng u se- rIes oI Lowers. Dy, Iowever, decIIned Lo nume ILs IocuI purLner us weII deLuIIs oI LIe mus- LerpIun, cILIng u non-dIs- cIosure ugreemenL. L`s u $o-mIIIIon pro- jecL, our sIure Is $1o mII- IIon, noL u Iuge InvesL- menL on our purL, Ie wus quoLed us suyIng, uddIng LIuL LIe hrsL Lower wIII be IuuncIed Lowurds LIe end oI LIe yeur. Singapores Surbana Expands Myanmar Operations Announces hiring plans, scholarship to develop engineering capabilities in Myanmar S urbunu nLernuLIonuI Con- suILunLs, one oI LIe IurgesL buIIdIng und urbunIsuLIon consuILunLs In AsIu, unnounced LIuL IL wIII be seLLIng up u bruncI omce In Yungon us purL oI ILs expunsIon pIuns In Myun- mur. Surbunu suId LIe move Is In response Lo growIng demund Ior ILs servIces und purL oI Sur- bunu`s regIonuIIsuLIon pIuns. n vIew oI LIe pIck-up In job opporLunILIes, Surbunu Is open- Ing u bruncI omce In Yungon, Surbunu nLernuLIonuI ConsuIL- unL`s CIIeI ExecuLIve Omcer Pung Yee Eun suId. TIe bruncI omce wIII Iouse IocuI IuII LIme Myunmur pro- IessIonuI und supporL sLu, overseen by Surbunu`s DepuLy GeneruI Munuger Ior Myunmur OperuLIons, GureLI Wong. TIe muILI-dIscIpIInury engI- neerIng consuILuncy Ius severuI projecLs In Myunmur wILI LIe Lwo IurgesL beIng u resIdenLIuI deveIopmenL wILIIn LIe Dugon SeIkkun TownsIIp wILI LIe MInIsLry oI ConsLrucLIon wIIcI wIII yIeId 1q,ooo IousIng unILs on u zzo ucre pIoL, und LIe Yun- gon EcoIogIcuI AquurIum wILI LIe Myunmur AquurIum Com- puny, u zo,ooo squure meLre LourIsL deveIopmenL seL uguInsL KunduwgyI uke In Yungon. U KIIn Mg TIeIn, cIIeI engI- neer PubIIc Works, MInIsLry oI ConsLrucLIon, suId Surbunu`s experLIse In buIIdIng quuIILy uordubIe IousIng quIckIy us- Ing new buIIdIng meLIods Is un ImporLunL reuson wIy we cIose Lo work wILI LIem. We ure Iup- py wILI LIe progress so Iur und Iook Iorwurd Lo LIe compIeLIon oI LIe projecL. Surbunu Is InvoIved In mus- Phyu Thit Lwin LerpIunnIng und urcIILecLuruI consuILuncy servIces, cIvII und sLrucLuruI und mecIunIcuI und eIecLrIcuI servIces Ior LIe Ious- Ing projecL LIuL sLurLed In eb- ruury IusL yeur, wIIIe IL`s LIe Ieud projecL munuger und de- sIgn consuILunL Ior LIe uquurI- um projecL LIuL begun In OcLo- ber zo1. Yu Yu WIn, Irom Myunmur AquurIums Compuny Ld, suId: As Myunmur conLInues Lo open up, LourIsL uLLrucLIons wIII Iorm purL oI LIe overuII deveIopmenL oI LIe counLry. We ure very Iuppy Lo Iuve Surbunu us our Ieud projecL munugers und desIgn consuIL- unLs us LIey ... provIde us wILI InnovuLIve desIgn soIuLIons Lo u very ImporLunL LourIsm projecL Ior Myunmur. Surbunu`s currenL projecLs In Myunmur ure supporLed by Surbunu`s Leum oI proIessIonuIs In SIngupore und LIe compuny suId IL wIII InvesL In LuIenLs und buIId u sLrong IocuI Leum In My- unmur cupubIe oI provIdIng end Lo end buIIdIng und engIneerIng soIuLIons LIuL wIII enIunce LIe IIveubIe spuce In Myunmur. TIe compuny suId IL pIuns Lo IIre up Lo nIne IocuI sLu Lo sup- porL ImmedIuLe projecLs In LIe pIpeIIne, und Ius pIuns Ior Iur- LIer growLI und expunsIon In LIe nexL Iew yeurs. TIe sLu wIII comprIse pro- IessIonuIs IIke engIneers, ur- cIILecLs, projecL munugers, uccounLunLs, busIness deveIop- menL munugers us weII us LecI- nIcuI supporL sLu. Pung suId: Surbunu pIuces u premIum on deveIopIng ILs peopIe - In SIngupore und over- seus. Our pIysIcuI presence wIII be compIemenLed by u deIIber- uLe eorL Lo buIId IocuI cupubIII- LIes In LIe Iong run. DurIng ILs IuuncI, Surbunu uIso unnounced u SGD$1o,ooo scIoIursIIp Iund Ior IocuIs wIo wunL Lo pursue u cureer In en- gIneerIng und urcIILecLure. TIe scIoIursIIp wIII be mude uvuII- ubIe Lo sLudenLs In LIe IocuI unI- versILIes. DeLuIIs oI LIe scIoIur- sIIp wIII be unnounced soon, Surbunu suId. Pung suId Surbunu uIso Ius un eye on IuLure opporLunILIes In Myunmur In dIverse projecLs. Surbunu uIso Ius experLIse In secLors, besIdes IousIng, In ureus sucI us LrunsporL, InsLI- LuLIonuI, commercIuI, uvIuLIon, murIne und porL InIrusLrucLure, wIIcI cun serve Myunmur`s oLIer deveIopmenL needs. We beIIeve our exIbIe und prucLIcuI upproucI In servIce deIIvery ucross LIe projecL IIIe cycIe IurLIer sLrengLIens our vuIue proposILIon us u preIerred urbun soIuLIons provIder. Surbunu, wIose core exper- LIse Is LownsIIp pIunnIng, wus InvoIved In SIngupore`s mucI- vuunLed pubIIc IousIng pro- grumme. SIngupore wus uwurd- ed LIe zo1o UN-HABTAT ScroII oI Honour Awurd Ior provIdIng one oI AsIu`s und LIe worId`s greenesL, cIeunesL und mosL socIuIIy conscIous IousIng progrummes. Surbunu covers LIe reuI esLuLe vuIue cIuIn, IncIudIng urbun pIunnIng, desIgn, engIneer- Ing, projecL und consLrucLIon munugemenL, cousLuI engIneer- Ing, InIrusLrucLure, susLuInubIe desIgn LecInoIogIes und cILy munugemenL. Ls geogrupIIcuI coveruge spuns CIInu, BruneI, MuIuysIu, VIeLnum, AIrIcu und LIe MIddIe EusL. e .. . ~._.. ~ ~ . _. ._.. . , .~.._e.._ Ayala Land group ._ ._.:....~~ ~ . . ..e:~ . q, q_ q e :. ._~:. .q._. AyalaLand group ~.,_e _., .:. q _._ ~ .~ . ~ ~. . . . ~ .~ _ ~..q ~, ..'.: , ., .~, e .q ~._. ~..:~ ~~.:...:~.._.. ~.q: ..~,.~~..q~,..'.: ~ ., .q .. ._. . . _e~ .. . . ~ .,_. .e. . . ~~ , ~ .. . .. . , ..:.~ .~ ._ e . q._. An illustration of Surbana International Consultants' Yangon Ecological Aquarium project. S u r b a n a S u r b a n a An illustration of Surbana International Consultants' residential development pro- ject in Bagon Seikkan township, Yangon. ~:q-~..:~~~. _._.~_ ..:~.q.~~....,._~..:. .~. . _e. ._ SurbanaInternational Consultants ._ _., .:. . . . , . . ._ ~.,_e q, ~ , _. ~ , .. e . . .~: ._ _e. ._~: . ._~_: :.._. Surbana ~.,_e ,.~-..,. .~..~.~:....:.. Surbana -...~~..q.~.~..:.~q ~.e..q_.._e.._~:. ._.: _~:.:.._. Surbana~_._ _._ . q:~~ . . ~.~- ~...:.. Pang Yee Ean . ~..~~~.~....:. qe . q, ~~ ~ q, ~ , , .. ~ e . . q_.._e.._~:. q._.._. ~..|,..~ _., .:~..~._: q .:. ~.:~ ~~ _.~, . ..:.. ..~.__e._.. Gareth Wong . Surbana -_., .:. . q:.~ .:~ ~...,.,:~_e. _~._~.._ _e.._. April 24-30, 2014 Myanmar Business Today mmbiztoday.com 24 Myanmar Summary PROPERTY & REAL ESTATE Chinese Real Estate Market on Verge of Collapse Mark Benson O nIy u Iew weeks ugo re- porLs emerged ubouL LIe ImpendIng deIuuIL oI one oI CIInu`s weII-known reuI esLuLe deveIopmenL compunIes, In LIe sIupe oI LIe ZIejIung XIngrun ReuI EsLuLe Compuny, und LIe IucL LIuL LIere were probIems In LIe reuI esLuLe mur- keL. TIese probIems uppeur Lo Iuve surIuced In MurcI wILI u recenL reporL by LIe UK hnun- cIuI TImes conhrmIng LIuL suIes voIumes were down q per- cenL durIng LIe hrsL z duys oI MurcI compured Lo LIe sume perIod IusL yeur. However, Is IL u IuIr compurIson? UnLII jusL u Iew weeks ugo LIere wus no reuI concern LIuL LIe CIInese reuI esLuLe mur- keL wus In LroubIe, deveIop- menL compunIes were IeeIIng LIe squeeze und demund wus IuIIIng. Even LIougI some peo- pIe were suggesLIng probIems uIeud nobody quILe expecLed sucI u sIorL sIurp sIock. WIuL does LIIs suIes duLu meun? AsIde Irom LIe IucL LIuL de- mund Ior CIInese reuI esLuLe Is obvIousIy IuIIIng, und IuIIIng drumuLIcuIIy, LIIs suIes duLu perIecLIy IIIusLruLes LIe prob- Iems uIeud. ndeed wIen you uIso beur In mInd LIere Ius been un Increuse In uvuIIubIe oor spuce (In LIe regIon oI z1 percenL compured Lo MurcI IusL yeur) LIIs IIgIIIgILs yeL more Issues. uIIIng suIes voIumes und IncreusIng oorspuce wIII InevILubIy Ieud Lo u reducLIon In reuI esLuLe prIces wIIcI wIII Ieuve muny deveIopmenL com- punIes sLruggIIng wILI cusI ow Issues. A recenL commenL on Prop- erLyorum.com reud: CIInese InvesLors ure reuIIy cusI rIcI und LIere ure u IoL oI New RIcI Irom LIere. No surprIse LIey wIII ood everywIere IncIudIng souLIeusL AsIu IIke SIngupore, MuIuysIu, AusLruIIu, Myunmur, ondon, USA und even TuI- wun. Over LIe IusL Iew yeurs LIe CIInese reuI esLuLe murkeL Ius been someLIIng oI u mugneL Ior overseus InvesLors, Indeed muny Iuve mude sIgnIhcunL re- Lurns, buL LIere ure sIgns LIIs uppeLILe Is wunIng. TIe prob- Iem Is LIuL II overseus InvesLors wILIdruw LIeIr Iunds, demund conLInues Lo IuII und oorspuce conLInues Lo rIse, we couId be on LIe verge oI un ImpIosIon oI LIe CIInese reuI esLuLe murkeL. s LIe murkeL beyond LIe poInL oI no reLurn? or u good coupIe oI yeurs now LIe CIInese governmenL Ius been uLLempLIng Lo geL u grIp oI LIe CIInese reuI esLuLe murkeL, IL Ius been LryIng Lo LuIk down reuI esLuLe prIces und Indeed LIere Iuve been uL- LempLs Lo reduce InvesLmenL IundIng. SurprIsIngIy, wIen beurIng In mInd LIe IIsLory oI CIInese governmenLs, LIese uL- LempLs IuIIed mIserubIy und LIe murkeL conLInued Lo go Irom sLrengLI Lo sLrengLI. So wIuL cun LIe governmenL do now? TIe mujor probIem uL LIe mo- menL Is LIe IucL LIuL uL IeusL one deveIopmenL compuny Ius udmILLed cusI ow Issues und LIIs wIII usI ouL u number oI weuker compunIes us InvesLors Iook Lo wILIdruw LIeIr Iunds. WIuL sLurLed us someLIIng oI u rIppIe ucross LIe CIInese reuI esLuLe deveIopmenL secLor couId very quIckIy Lurn InLo u LsunumI LukIng uwuy muny oI LIe weuker CIInese reuI esLuLe deveIopers. WIIIe LIIs couId poLenLIuIIy be good news In LIe Iong Lerm, usIIng ouL muny oI LIe weuker und more specuIu- LIve compunIes, IL couId become someLIIng oI u bIoodbuLI In LIe sIorL Lo medIum Lerm. TIe CIInese governmenL Ius been wurnIng oI sucI probIems wILIIn LIe reuI esLuLe secLor Ior some LIme now, LIese wurnIngs were eecLIveIy Ignored und LIe secLor und InvesLors ure now seL Lo puy LIe prIce. TIe CII- nese governmenL wIII do wIuL IL cun Lo supporL LIe reuI esLuLe IndusLry, wIII oer hnuncIuI us- sIsLunce wIere uppIIcubIe buL LIe secLor Ius Lurned, InvesLors ure now sIyIng uwuy und muny CIInese reuI esLuLe deveIopers wIII puy LIe prIce. Propertywire Wika Beton Eyes Expansion into Myanmar, ASEAN Shares of Indonesia building materials maker jump on debut C oncreLe consLrucLIon hrm PT WIjuyu Kuryu Be- Lon (WIku BeLon), u unIL oI sLuLe consLrucLIon hrm PT WIjuyu Kuryu Tbk, pIuns Lo ex- pund InLo ASEAN by deveIop- Ing IucLorIes In Myunmur, LIe PIIIIppInes und TImor esLe, wILI u LoLuI InvesLmenL oI up Lo Rp;o bIIIIon ($66.6 mIIIIon), u Lop compuny omcIuI suId. TIe compuny uIso uIms Lo ex- pund In LIe MIddIe EusL wILI IucLorIes In SuudI ArubIu, I- nunce DIrecLor EnLus AswunI LoId reporLers, uccordIng Lo III- pIno medIu reporLs. TIe hrm uIso suId ILs InILIuI pubIIc oerIng wus oversub- scrIbed up Lo 1;.1 LImes. WIku BeLon soId z.oq bIIIIon sIures or z.q; percenL oI ILs enIurged cupILuI durIng ILs PO, uL qo rupIuI per sIure und ruIsed 1.z LrIIIIon rupIuI. SIures oI LIe ndonesIun buIIdIng muLerIuIs muker rose us mucI us o percenL In LIeIr LrudIng debuL on AprII 8, sIg- nuIIIng sLrong uppeLILe Ior In- IrusLrucLure-reIuLed sLocks In SouLIeusL AsIu`s bIggesL econ- omy. ndonesIu In generuI und WKA BeLon In purLIcuIur ure seL Lo benehL Irom compunIes und InvesLors IookIng Lo sIIIL ouL oI neurby TIuIIund, wIere poIILIcuI uncerLuInLy Ius de- Iuyed InIrusLrucLure pIuns und cuused domesLIc demund Lo de- cIIne. ndonesIu Is one oI LIe besL InvesLmenL cIoIces In SouLIeusL AsIu wILI ILs Iurge consumer buse, LIe poLenLIuI ouLcome oI LIe eIecLIon und ImprovIng cur- renL uccounL dehcIL, AdrIunus BIus Prusuryo, Ieud oI equILy reseurcI uL SumueI SekurILus, LoId ReuLers. WKA BeLon mukes consLruc- LIon muLerIuIs sucI us brIdge beums, reLuInIng wuIIs und pIpes. n u press reIeuse, LIe com- puny suId IL pIuns Lo buIId Iuc- LorIes In umpung, CIIegon und Mukussur In ndonesIu, und guIn u more sLubIe conLroI oI ruw muLerIuIs In unLIcIpuLIon oI LIe Iuge growLI poLenLIuI oI InIrusLrucLure projecLs In ndo- nesIu. Kyaw Min Myanmar Summary Pupils walk in an area where old residential buildings are being demolished to make room for new skyscrapers in downtown Shanghai. China's reaI estate investment sIowed in the rst two months of 2U14 whiIe saIes dropped from a year earIier, of- ciaI data showed, the Iatest signs of cooIing in the property market as the broader economy as sIows. Labourers work at a construction site of a power plant being built by PT Wijaya Karya in north Jakarta. A ly
S o n g / R e u t e r s C r a c k
P a lin g g i/ R e u t e r s . , . ._ q~ .~ .~ ~ ~,~ . -~ . _. ._....~ ~ ~ _..,:.:.q ., ._~:.~ ...:.._ Zhejiang Xingrun ~...: ~._.._.~.~ .:.- ~.~~..:.~._~:. .e:_. :.._ ~. q . .:.:. ..' ~ .: .._. UK fnancial Times -.~ ~..:~.q..:~q ~..|_..,: .:.._ .~ .~~ ._e. ..'. _. . .~ . .. , q~~~..:. e... .q: .~:..~:~ ,, q:. . , . ~. . .:..._. q~ .~ .~ .:.._~:. ~, ~ . - ~._.._....~~~ _..,:.:. .q . ..: ._ . ~ . _. ._.~ . ~ .:.._ .q: .~:..:. ~. ..,._ ~ . q . _~._ .~, ~ . -~ . _. ._....~ ~ ~ ~.,.~e......: e... .~.~ ~ q:..,. _.~~., _. . .q: .~:..:.~. .~: ~ . _. ._. ...~~~ ....,.~....:. _e. ..'.._. . ~ . ~ .:.~.,_e ._ . . ._~.._.~.~.~~..:. _~.~ .,q_.._e.._. .~q~~,~.-~._.._.... ~ ~ ~ . ._ ~.~ ~:.,_ .._ . . , .q .:.~.,_e q. ~_ q, ~ .~~..:.q..,q._. PT Wijaya Karya Tbk ..:~ ...q.- ..,..~.._e.._ PT Wijaya Karya Beton (Wika Beton) ..:~...q.._ _.,.: e... . ~..:~~ ~..q~,..'.: '' ... ,' .,.~,e.q .~,.:. ~_..:~~: ~:.e....:.~ ...:..q...,..:. ..:..__e. ._~:. ~..|~.~- ~:~,q. ~... ._.:_~:..._. ~..|~.~._ ~.q ~.e.. ...~.._e.._ ..:.~:.q. .e:.~ ._ . .~ , .:.~_ ..:~ ~: . q, q_ . , .:.._~:. e....~...e:.:.. ._.:_~:. :.._ .~. .|~ . ~ ._ ~.:.. _....~ qee: ... ~, .e , ... , q:..,., ~:. q e e:~. . . ~ , . ._e .q: .. . _. . , . . ~ ... q . e qq . ._ . April 24-30, 2014 Myanmar Business Today mmbiztoday.com AUTOMOBILE 25 Myanmar Summary Myanmar Summary Myanmar Summary Taxi! Temasek Firm Backs Southeast Asia Cab Booking App Andrew Toh A unIL oI SIngupore sLuLe InvesLor Temusek HoId- Ings Is puLLIng ILs sub- sLunLIuI cIouL beIInd un upp LIuL euses LIe puIn oI bookIng LuxIs In SIngupore und MuIuy- sIu, uImIng Lo expund LIe ser- vIce In oLIer busy SouLIeusL AsIun cILIes. VerLex VenLure HoIdIngs, u $1.z-bIIIIon venLure cupILuI hrm LIuL Iocuses on emergIng compunIes und Iunds In AsIu und LIe UnILed SLuLes, suId IL wus IeudIng u group oI mosLIy MuIuysIun InvesLors puLLIng un unspecIhed eIgIL-hgure sum InLo smurLpIone upp compuny GrubTuxI. TIe upp, deveIoped by Lwo Hurvurd BusIness ScIooI grud- uuLes, wus IuuncIed In MuIuysIu In zo1z us MyTeksI, und LIen expunded Lo SIngupore u yeur IuLer. L uIso operuLes In TIuI- Iund, VIeLnum und LIe PIIIIp- pInes. We InvesL In poLenLIuI cIum- pIons wIIcI Iuve deveIoped new LecInoIogy pIuLIorms or busIness modeIs, VerLex Ven- Lure CIIeI ExecuLIve CIuu Kee ock LoId reporLers. We cIeurIy see GrubTuxI us one sucI cIum- pIon In LIe mukIng. BookIng u LuxI Is oILen un urduous Lusk In SIngupore, u cILy sLuLe wILI u popuIuLIon oI uround .q mIIIIon und jusL z8,ooo cubs. Muny peopIe reIy on LuxIs und pubIIc LrunsporL, us SIngupore Is one oI LIe mosL expensIve pIuces In LIe worId Lo own u prIvuLe cur, buL hndIng u cub durIng peuk Iours, und LIe IrequenL LropIcuI downpours, Is oILen IrusLruLIng. n oLIer SouLIeusL AsIun cILIes IIke MunIIu und KuuIu umpur, Ieuvy Lrumc mukes hndIng Lux- Is equuIIy dImcuIL. GrubTuxI compeLes In LIe re- gIon wILI un upp Irom Hong- Kong bused compuny TuxI Hero und RockeL nLerneL`s Eusy TuxI upp. n SIngupore, IL Is up uguInsL murkeL Ieuder ComIorLdeIgro Corp, wIIcI Ius ILs own book- Ing upp. GrubTuxI, Iowever, oI- Iers commuLers u cIoIce Irom uII LIe LuxIs LIuL ure cIosesL Lo LIeIr IocuLIon, regurdIess oI wIIcI compuny operuLes LIem. GrubTuxI Iounder und CIIeI ExecuLIve AnLIony Tun suId LIe upp wus LIe second mosL popu- Iur In SIngupore uILer ComIorL- deIgro, und LIuL IL Iud been downIouded on Lo more LIun one mIIIIon mobIIe devIces In SouLIeusL AsIu. He suId LIe compuny wus keen Lo expund ouLsIde MuIuysIu, be- cuuse LIuL Is wIere Ie beIIeved LIe bIggesL growLI wus Iuppen- Ing. TIese murkeLs Iuve mucI bIgger popuIuLIon sIzes. TIey`re cIewIng up smurL pIones IIke no Lomorrow, Ie suId. LIInk jumpIng on LIIs Lype oI wuve mukes uII LIe dIerence. TIe VerLex VenLure-Ied In- vesLmenL wIII go InLo producL InnovuLIon und buIIdIng Iurger IocuI Leums Lo deveIop und mur- keL LIe upp, Tun suId. TIe upp wouId reIy on buIIL-In Lrumc uI- gorILIms und Ieedbuck Irom us- ers, Ie udded. Reuters Grab Taxi app launch in the Philippines. P in o y
T e k k ie / W a z z u p P ilip in a s Singapore ~..q. Tamasek Holdings-~e . ~. . ._ Singapore . Malaysia .~~ Taxi .:. _~ ~ .:q ...._ . .~.~ ~. ~:. ._eq .q, app ~. . ~ e, ~ ..~ q _. . ~..|~,..:.~:. ~_.:.....,. ,...._ ~.q.~:~:q_..:. ..| .q, ...~q._. ~:q. ~..q~,..:.. q,. . .:._e , ... .~ . ~ .:.~ q .. . _. . . :.._ Vertex VentureHoldings . ~.~._ ....q:. q..._.... ~.:...|~._~e~:. ...: ~: Grab Taxi e ..'._ ..~ e , . app ~..~ ..e:_..._ ~,. q . . ...:~~ q .. ._. . . :.._~: . ~.e:._.:_~:.:.._. ~. .| app ~:. Harvard Business .~:....... .q..~.._.. _e. _. . ....q :.. ~ MyTeksi ~._ _e ~~ ...~ .~_e,_e.~: ~. . . ~_~:~ . ~:. . . . .._.e.~.|~ . -e~,.. e.....:.~.| _e,_e.~.._. .~q._. Grab Taxi ~.,_e ...~. app .:._e.._ .e:.~:~._. .~~.~- Taxi Hero . Rocket Internets Eas Tixi app ~ . e _. .,q._. Mandalay Suspends Taxi Imports Zayar Phyo T Ie uuLIorILIes Iuve sus- pended grunLIng permILs Lo ImporL IuLesL cur mod- eIs Lo run us LuxIs In MunduIuy regIon, u mInIsLer suId. RecenLIy, LIe governmenL grunLed ubouL ,ooo permILs Lo compunIes LIuL wunLed Lo Im- porL IIgI-end, IuLesL cur modeIs Lo run us LuxIs In MunduIuy und Yungon regIon. However, LIe governmenL Ius suspended grunLIng IIcences LemporurIIy us LIere Iuve been reporLs oI compunIes LukIng ud- vunLuge oI LIe sysLem us LIey ImporL IIgI-grude curs und seII LIose Ior personuI use. We grunLed permILs, mosLIy Lo Yungon-bused compunIes und onIy Lwo MunduIuy-bused compunIes, us we wunLed LIe pubIIc Lo enjoy comIorLubIe LrunsporL servIces. Now, we wIII InvesLIguLe wIeLIer LIese com- punIes reuIIy run LuxI servIce or noL uILer LIey ImporL LIe curs, suId U Kyuw Sun, regIonuI mIn- IsLer Ior LrunsporLuLIon, Mun- duIuy RegIon. A LoLuI oI z,8z curs were uI- Iowed Lo be ImporLed Ior o compunIes wIIcI uppIIed Ior LIe uuLomobIIe ImporL IIcence Lo run LuxI servIce projecLs. Due Lo LIe deIuy In procedures In ImporLIng LIese curs, Iew LuxIs ure runnIng LIe servIce In pruc- LIce. As oI MurcI, u LoLuI oI z86 curs were ImporLed under LIe scIeme. Toyota Hilux Ban Deadline Extended Kyaw Min T Ie deudIIne Ior re-regIs- LerIng ToyoLu HIIux pus- senger pIckups us goods or cIurLer veIIcIe Ius been ex- Lended unLII AprII o, un omcIuI unnouncemenL suId. EurIIer, LIe uuLIorILIes suId LIey wIII bun ToyoLu HIIux pIckup Lrucks Irom runnIng us pussenger currIers In Yungon munIcIpuI ureu sLurLIng mId- ebruury umId governmenL eI- IorLs Lo prevenL roud uccIdenLs. TIe decIsIon Lo repIuce HIIux pIckups In LownsIIps oI Yun- gon munIcIpuI ureu wILI mInI buses wus Luken In December IusL yeur uL u poIIcy und securILy meeLIng oI LIe Yungon RegIonuI GovernmenL. However, uuLIorILIes uIIowed LIe provIsIon Ior LIe owners Lo re-regIsLer und converL LIose veIIcIes Irom pussenger currI- ers Lo goods LrunsporLIng veII- cIes. U HIu Aung, cIuIrmun oI LIe CenLruI SupervIsory CommILLee Ior MoLor VeIIcIes und VesseIs (CSCMVV) oI Yungon regIon, suId mosL oI LIe HIIux cur own- ers requesLed Ior un exLensIon so LIe depurLmenL Ius decIded Lo exLend LIe deudIIne. We ure uIIowIng LIe exLen- sIon Lo gIve LIe veIIcIe owners more LIme Lo prepure und geL reudy Lo curry pussengers wILI mInIbuses, Ie suId. I HIIux curs uppIy Ior cIurLer und goods veIIcIe regIsLruLIon LIe depurLmenL wIII uIIow LIem Ku und Gu numbered II- cence pIuLes, U Kyuw Aye wIn, Ieud oI LIe veIIcIes` depurL- menL, suId. TIe CSCMVV duLu sIows LIuL LIere were 6 uccIdenLs Irom Junuury 1 Lo MurcI 1 InvoIvIng HIIux curs. CurrenLIy, Yungon Ius q6 HIIux pussenger servIce rouLes wILI 81 curs. 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 mo- LorcycIes, 8z, 816 pussenger curs, 1oz,; Lrucks und zo,oq buses. q,~,_.~~. e..~e:.:. ._... _. .~ , ~ . . .._ _e. ..: ._ . ....:.e:. ~,._.e..: _. .e: ~_e. ._.: .. . . ~ . .|~ ~,.......:.q..,_~:..... _:,~ .:.q:~..~..__e. ._~:. -_.. ,~ q~.,~ ~._. . _.. ~ _. _e. ._~: . q, ~ , ~ .... _~ .~. .q~e . .~ . ~ _., . ._ . ~..|~......_q,~,~. ..._~ ...: .~: e: . . , .....~. , .. ...q.-e .~: .~ ~ _.. .~: ~ e ..~ e: . q ~.:.. ~.,_e e..~e:.:. ~.,~._.._... ..q.~~~ .~:....:._~: e.~. -_. ,~ q~.,~ ._. q_.._e.._~:. ._.:_~:..._. q, ~ , ._ . .:e:,e , . ~ ~~ . e..~e:._....~,.~_..~ q, ~ , ~ ...._~ .~. .q~e ~.,_e ~~, ... .~: ' q~.,~ _...._..q..._..q. ~._. ~.~.. . ._e~ . _. ._e. ._ . e. ~ . .~~..~.._._..~ _._.. ~~ . e: . q . e: . ..:. _. . . , qq . q, ~~ ~ . ._~ . ~ ~ ~ ._. . _..... _. ._e. ._ e .. .~: ~ .~ .~ ._.:_~:.._ . e ..~ e: .:. .q .._ ~ ..: _.. ._ . .:e:,e , . ~ ~~ . ._... _..~ q,~,~...._~.~..q~e ~ ~, .~ ._ _e. ._. .....~...._~.~~. Taxi ._...q, ~.~.:.~ ..:.e_. ..:.~:e:.:. ~.._ ..,. ..~...:~:.q: e:~.. .q ...:.~:~:. ~...._~. ~. .q~e . .:~ . .... _. ._e. _ . . ..:~ :.. .:.~ q. . .:.._~: . .q._. ....._..: ~._.~~..~, _. .~: ..~ . e _e ..~: ~.:._._ . .~..:.~.: .q:.q..:..: ..~: Taxi Service ..~.e ~.~.~~~~ ..:.~:e:~ . .. .:~ . .... ~e .q, ~ , ~._. . ~ ~ . ~ .~ .:._. . .. ...~._.. ~ ~.~.....|~e.~~e.q: Taxi Service ......~: .,:~...: .. .... :..e ''e ~ ...._~ ... .., . .~ . e .q.~, _~ . ..~: ., .~ ._.:._. April 24-30, 2014 Myanmar Business Today mmbiztoday.com 26 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 2 3 4 5 6 7 RGN SIN 19:05 23:40 TigerAir TR2826 1 2 3 4 5 6 7 SIN RGN 17:05 18:25 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) Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by: MU2012 3 6 RGN NNG 12:20 16:25 China Eastern MU2011 3 6 NNG RGN 10:15 11:30 China Eastern 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 *PPleaasee noote thee dday change for the deparrture time too Hong Kongg. 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) Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by: AI228 5 RGN CCU 18:45 19:45 Air India AI227 1 5 CCU RGN 10:35 13:20 Air India AI234 1 5 RGN CCU 13:40 16:55 Air India (via GAY) AI233 5 CCU RGN 13:30 18:00 Air India (via GAY) 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) Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by: 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 April 24-30, 2014 Myanmar Business Today mmbiztoday.com IT & TELECOM 27 Myanmar Summary Myanmar Summary Twitter Freshens Up Its Lser Prole Puges Gerry Shih T wILLer nc unveIIed u re- desIgn oI ILs user prohIe puges IusL week, LIe IuLesL In u serIes oI sLeps promIsed by LIe compuny Lo brIng new users Lo LIe seven-yeur-oId servIce. n response Lo un uII-LIme Iow In user growLI hgures dur- Ing LIe recenL quurLer, TwILLer CIIeI ExecuLIve DIck CosLoIo LoId worrIed WuII SLreeL unu- IysLs LIuL LIe compuny wouId muke u number oI cIunges Lo IresIen up LIe servIce. TIe redesIgn, wIIIe mosLIy cosmeLIc, IInLed uL wIuL Cos- LoIo descrIbed In ebruury us u wIIIIngness Lo experImenL wILI new wuys Lo orgunIse conLenL. Users cun now pIn u LweeL Lo sLuy uL LIe Lop oI LIeIr Ieed, u rure InsLunce oI TwILLer depurL- Ing Irom LIe conLInuousIy roII- Ing IormuL LIuL Ius dehned LIe servIce. TweeLs LIuL Iuve receIved more reLweeLs or repIIes wIII uIso uppeur sIIgILIy Iurger Lo spur more user engugemenL. TIe new IuyouL, wIIcI wIII be uvuIIubIe Lo u smuII group oI us- ers InILIuIIy, wIII be wIdeIy de- pIoyed Lo TwILLer`s zq1 mIIIIon users In LIe comIng weeks, LIe compuny suId. TwILLer reporLed IIgIer-LIun- expecLed IourLI-quurLer rev- enue on ebruury 6, buL Inves- Lors Iocused on user growLI oI jusL .8 percenL, LIe IowesL ruLe oI quurLer-on-quurLer growLI sInce TwILLer begun dIscIosIng user hgures. TIe Sun runcIs- co-bused compuny wenL pubIIc In November. n recenL weeks, TwILLer Ius uIso reporLedIy been LesLIng u number oI new udverLIsIng unILs, sucI us uds LIuL IncIude downIoud IInks Ior mobIIe upps. As purL oI LIe reIresI, TwILLer suId users wIII uIso be uIIowed Lo seIecL u Iurge bunner pIcLure Lo dIspIuy ucross LIe Lop oI LIeIr prohIe puge, us weII us u mucI Iurger prohIe pIcLure, Lwo Ieu- Lures LIuL resembIe unoLIer so- cIuI neLwork IumIIIur Lo mosL oI LIe worId`s InLerneL users: u- cebook. A person hoIds a magnifying gIass over a computer screen dispIaying Twitter Iogos, in this picture iIIustration taken in Skopje, Macedonia. Twitter Inc ._ Twitter .... ~...:.~:. ~.~. ~~_.:. ._ .,:~....',_.._:_e ... . -.:.~ . :_. . . ~.. ~:. . , . ._q~.~.~~ .~.~.~. ._. Twitter . ~. .|_. . . ~.. ~ . .. . .:.~.,_e ..| .. .. _~ .. e. ~ . . _~ .._ . .. . . .:.~:. . .. . .:.~ . :_. ..'~ _... ._ _e.._. Telenor Myanmar Makes First Test Calls Phyu Thit Lwin T eIenor Myunmur suId LIe hrm Ius successIuIIy cur- rIed ouL LIe hrsL voIce und vIdeo cuIIs und InLerneL ser- vIce LIrougI ILs neLwork. PeLLer urberg, cIIeI execu- LIve oI TeIenor Myunmur, suId LIe very hrsL pIone cuII on TeI- enor`s Ive Core NeLwork Is u mIIesLone Ior LIe hrm. TIIs IndIcuLes TeIenor Ius mude bIg sLrIdes In Lerms oI provIdIng LeIecoms servIces In Myunmur. TIe vIdeo cuII wus mude on LIe hrm`s G neLwork Irom TeI- enor DuLu CenLre, wIIcI Is zz kIIomeLre Irom Yungon, Lo TeI- enor Myunmur`s IeudquurLer In Yungon`s BuIun LownsIIp, LIe LeIecoms compuny suId. L sIows TeIenor`s LImeIy perIormunce us IL geLs cIoser Lo LIe deudIIne. We ure conLInu- Ing Lo seL up Lower IInes und we ure conhdenL LIuL we cun oer LIe LeIecoms InIrusLrucLure und uordubIe servIces wILIIn LIe promIsed LIme, urberg suId. TIe NorwegIun hrm eurIIer suId IL wIII hnIsI seLLIng up ILs neLwork und sLurL provIdIng ILs servIces wILIIn eIgIL monLIs oI LIe grunLIng oI LIe LeIecom II- cence. TeIenor, uIong wILI Qu- Lur`s Ooredoo, In ebruury om - cIuIIy receIved LIe IIcences Irom LIe governmenL. UnIon MInIsLer Ior CommunI- cuLIons und nIormuLIon TecI- noIogy U MyuL HeIn suId, um proud LIuL TeIenor Ius reucIed LIIs |LesLIng| IeveI wILIIn LIree monLIs. L Is noL eusy Ior MPT Lo do sucI kInd oI process wILI- In LIe sLuLe`s budgeL. SLuLe-run Myunmur PosLs und TeIecom- munIcuLIons (MPT) wus LIe soIe pIuyer In LIe LeIecoms secLor In Myunmur beIore IL opened LIe IndusLry up Ior IoreIgn hrms. Now IocuI und IoreIgn op- eruLors wIII compeLe wILI eucI oLIer, wIIcI wIII uIIow users Lo Iuve beLLer servIces uL Iower prIces. TIe mInIsLry wIII uIwuys Lry Lo IeIp uddress LIe operu- Lors` Issues. Core NeLwork Is goIng Lo be LIe buckbone oI TeIenor`s neLwork wIen IL sLurLs provId- Ing LeIecom servIces Lo mo- bIIe pIone. CIInese LeIecoms compuny HuuweI Ius been up- poInLed by TeIenor Lo esLubIIsI LIe Core NeLwork uII over My- unmur. OLIer neLwork vendors Ior TeIenor IncIude Sweden`s ErIcsson und ndIu`s WIpro. SIngupore`s ApoIIo Towers und rruwuddy Green TecInoIogy wIII ucL us LIe hrm`s Lower mun- ugers und operuLors. Telenor Myanmar ._ , .~ ~ . ~ - Live Core Network .~.. .. .. .~. . .e , ...'. - . e ..'. . . ~ ~:,~ ~, ..: . .:.~ .~: _. .:_......_~:. .~.~_., .._. ~. .|~. _e e , ...'. . ~_. - . e _e ..'. . ~ ~e . .,:- 3 G ~ , q~ ..'. _.. . . _. ._e. _. . q, ~ , . ~ . . ~:~, .~ ~ :.~...: ~e . .,:- DataCentre . q, ~ , _.~. -e,._.,e~ ~_q..: ~e . .,:_., .:-, ... . e , ...'. ._.._e.._. ~e . .,:_., .:-~. ..: ~q:q .. Petter Furberg . ~e..,: ~,q~..'. ....e,...'... _. .e: ~ ~q. ~ .~:~ ~. . _e. .|~e...~.~:~e: _.,.:. ~~. ..~,..:.....e ~. ~..: ~e..,:q ~.~~.:.~ .e: _..,_. ._e. .|~e .~, ..: . ... e ~. , , .~. .:~:, ~. ~e . .,: q ..: q ~ . .:.~. , . , _e. .,._~: . ~ ._ . .e: _._. ._e. .|~e .~, .~: ~ ~~:~|.:.~ .~ .~ ~_ ..:~ . :.. :_e. _. . ~~ ...:.~ .~ . e .q.. . qq ~ ~. , ~._. . q . .~~ . ~. : ~. . _. . .... , .. ~ ~ .~.e.q.~._..~..:~~~, ~, ..: . .:.~ ...~. . :.q, e _~_ . ~_._ ~~q .|~e ''e ._.:_~:.._ . _.,.:.~.e.q...~.~.~ ~.~ ,_.._:~, _~ ._:, _._ .: . ~,_~. ._.~e,.~._. ~e. .,:~.,, ...~~..: ~.. .. ... ~ ~. .q:~ .,_. _e. ~ ~~ ~ ~ e .|~e ._., .: .~ . e .q.. . , . ~ ~..q~~.~~ ~:.~._.. ...,q.~: ~.._...q...~. . _._~. _._..~:..q~:.~, ~_.~...:q~q.~:.:_e.~ ~~~ ~.._...~~.,, ....,. ~q_~... _~~q:.q._.. ... ~e . ~, .~: ~ ~.,, .~: ..q~: .~~.~~..q.~: ~_._eq. ....:..:_e..|~e''e ._.:._. CoreNetwork ._ ~e . .,:.~ . e .q.~ , q~ -~. ~.~:, ._e. _. .~e . e , .~ , q~ . ~, ..: . .:. ~ e...~.~.__e.._. April 24-30, 2014 Myanmar Business Today mmbiztoday.com 28 IT & TELECOM Myanmar Summary Samsung Elecs Lower Q1 Estimate Highlights Smartphone Challenges Se Young Lee S umsung EIecLronIcs Co Ld on Tuesduy suId IL Is on Lruck Lo posL ILs sec- ond sLruIgIL quurLer oI prohL decIIne, us murgIns In LIe key smurLpIone busIness come under growIng pressure Irom cIeuper CIInese rIvuIs. Sumsung Is counLIng on LIe hILI versIon oI ILs ugsIIp GuI- uxy S smurLpIone, wIIcI goes on suIe gIobuIIy Irom AprII q, Lo rIgIL LIe sIIp und prove LIe hrm`s sLuyIng power us u IIgI- end InnovuLor. BuL LIe GuIuxy S Ius uIreudy goL o Lo u weuk sLurL uL Iome, wILI ILs SouLI Koreun debuL murred by u Lemporury bun on mobIIe currIers seIIIng IundseLs und crILIcIsm LIuL IL Iucks eye- cuLcIIng new IeuLures. UnderscorIng LIe cIuIIenges, Sumsung prIced LIe S ubouL 1o percenL cIeuper LIun LIe Sq even LIougI muIn rIvuI Ap- pIe nc Is noL wIdeIy expecLed Lo upduLe ILs IIne-up unLII Sep- Lember. L uIso dIuIIed buck on murkeLIng gIILz Lo keep murgIns sLubIe. Sumsung esLImuLed ILs Junu- ury-MurcI operuLIng prohL IeII by q. percenL Lo 8.q LrIIIIon won ($;.q6 bIIIIon). TIe hgure wus beLLer LIun 8. LrIIIIon won IorecusL by SLurMIne`s SmurLEsLImuLe, wIIcI gIves greuLer weIgILIng Lo more uccuruLe unuIysLs. Sumsung esLImuLed ILs hrsL- quurLer suIes uL LrIIIIon won, compured wILI u murkeL Iore- cusL oI q.8 LrIIIIon won. uII quurLerIy resuILs ure IIkeIy Lo be unnounced by AprII z. TIe hrm guve no breukdown oI mobIIe eurnIngs buL LIe unIL LypIcuIIy generuLes ubouL ;o percenL oI LoLuI prohL. Cost cutti ng AnuIysLs suId LIe compuny`s eorLs Lo reIn In componenL cosLs und muke producLs LIuL uppeuI Lo u wIder uudIence wIII be crucIuI us Sumsung bruces Ior wIuL couId be ILs hrsL unnuuI prohL decIIne In LIree yeurs. n some sense, Sumsung Ius no wuy Lo prevenL u decIIne In ILs eurnIngs wILIouL ImprovIng InLernuI emcIencIes, HMC n- vesLmenL und SecurILIes unuIysL Greg RoI suId. SIures oI Sumsung, AsIu`s mosL vuIuubIe compuny wILI u murkeL cupILuIIsuLIon oI uround $zoo bIIIIon, were uL In eurIy Lrude IusL week, gIvIng up mucI oI ILs guIns Irom u duy eurIIer In LIe ubsence oI guIdunce sur- prIses. TIe sLock Is neurIy 1z percenL o LIe record IIgI IIL In Junu- ury IusL yeur, weIgIed by wor- rIes over IIgI-end murkeL suLu- ruLIon und compeLILIon Irom Iow-end pIones mude by LIe IIkes oI HuuweI TecInoIogIes Co Ld. SucI IeudwInds muy Increuse pressure on LIe compuny Lo use ILs cusI IoIdIngs Lo boosL Iun- guIsIIng sIure prIces. Reuters Samsung Electronics . ..~e,. ...~~~ ~,~~,e.,_.e,..:. - _~ . :..:._ e ~:..:.~:. .~: _e~~: ,.~- ~_.~~.,.~.. .~:. .~e , ..~~ _.,._ _.~.:..__e.._~:. ~|.,~ ._.:_~:..._. Samsung ._ ,.- Galaxy .....~~:. -_.. , q~~ _e,_e.q, _...~q_.. ~.~- ,_ .._:~ . ~:. _... q, _~ ... . .~q._. . ..: Samsung Galaxy 5S ._ .~_e,_e.._ ..~.q.e:.. ~ eye-fatching ~. feature ~...:. .|~.:_...q._~~~ .~e, . .:.q .,_. . ..: . , .._ ~~ . .q:.~:._.~~._...q... Samsung - ~, ,~|q . .~.~~ . qq.._~_.~._ , ... , q:. . , . ~. .. _. . ~_.~ . ~. ... , q.e $ ... ' .e, .: qq.._.Samsung ._ ,.- .. , ..~ .q:.~:.~:. ~. , q. e qq q, ..: . , .:._. ._e. ._. Samsung -..~:....,.~ .,_ee...~,,~|q~ ~ q:. . , .~. .. :._. .~, e .,_ .~ . ~ _e.._ Huawei Technology - ...~~e_..:.~..'..q...:. _e. ..'.~q._. Nokia wins Chinese approval for Microsoft deal Sakari Suoninen N okIu Ius won upprovuI Irom CIInese compeLI- LIon uuLIorILIes Lo seII ILs mobIIe pIone busIness Lo MIcrosoIL Corp wILIouL Iuv- Ing Lo cIunge ILs muIn LecInoI- ogy puLenL prucLIces, IL suId IusL week. TIe InnIsI compuny ugreed In SepLember Lo seII ILs ug- sIIp busIness Lo MIcrosoIL In u .q bIIIIon euro ($;.q bIIIIon) deuI. However, IL kepL ILs puLenL porLIoIIo, vIewed by unuIysLs us u promIsIng source oI IuLure growLI. NokIu`s unnouncemenL senL ILs sIures up .1 percenL Lo .qq euros us InvesLors Iud Ieured CIInese reguIuLors couId de- mund LougI IuLure condILIons Ior NokIu`s puLenLs busIness. NokIu suId IL sLIII expecLed LIe MIcrosoIL deuI Lo cIose LIIs monLI buL wouId noL commenL on wIIcI upprovuIs were sLIII needed beIore LIuL. TIe deuI Ius receIved LIe green IIgIL Irom oLIer reguIu- Lors IncIudIng In LIe UnILed SLuLes und Europeun UnIon. SucI upprovuIs ure needed due Lo LIe sIze oI LIe LrunsucLIon und LIe compunIes` presence In LIe dIerenL murkeLs. NokIu suId IL Iud pIedged Lo Ionour IuIr, reusonubIe und non-dIscrImInuLory (RAND) puLenL IIcensIng prIncIpIes, buL udded LIuL IL Iud noL been uc- cused oI unIuIr prucLIces. No uuLIorILy Ius cIuIIenged NokIu`s compIIunce wILI ILs ... underLukIngs reIuLed Lo sLundurd-essenLIuI puLenLs or requesLed LIuL NokIu muke cIunges Lo ILs IIcensIng pro- grum or royuILy Lerms, IL suId In u sLuLemenL. NokIu, wIIcI once domInuLed LIe gIobuI mobIIe pIone busI- ness, IoIds u porLIoIIo oI ubouL o,ooo LecInoIogy puLenLs - some essenLIuI Ior mobIIe com- munIcuLIons - wIIcI unuIysLs Iuve suId couId be worLI be- Lween bIIIIon und 1o bIIIIon euros. TIe CIInese upprovuI Iud been u quesLIon murk, nderes unuIysL MIkueI RuuLunen suId. TIere were some worrIes LIuL AsIun uuLIorILIes wouId Luck on uddILIonuI condILIons Lo NokIu puLenLs, wIIcI wouId Iuve weukened NokIu`s prohL oppor- LunILIes. Fees GoogIe und Sumsung Iud usked CIInese reguIuLors Lo en- sure LIuL LIe deuI wILI MIcro- soIL wouId noL Ieud Lo IIgIer IIcensIng Iees, uccordIng Lo me- dIu reporLs. NokIu und MIcrosoIL boLI dIs- mIssed suggesLIons LIuL LIey couId seek Lo ubuse LIeIr posI- LIon us u IoIder oI muny puL- enLs essenLIuI Lo mobIIe pIone sLundurds. As we ... pIun Lo conLInue Lo Ionour our RAND underLuk- Ings In LIe IuLure, we ure pre- pured Lo voIunLurIIy reumrm NokIu`s conLInuIng commIL- menL Lo RAND IIcensIng prIn- cIpIes, NokIu suId, uddIng LIuL IL Iud gIven LIe sLuLemenL Lo LIe CIInese commerce mInIsLry. MIcrosoIL suId IL Iud pIedged noL cIunge ILs muIn puLenL II- censIng prucLIces Ior eIgIL yeurs. L Ius never been our InLenL Lo cIunge our prucLIces uILer we ucquIre LIe NokIu busIness, DuvId Howurd, MIcrosoIL vIce presIdenL Ior IILIguLIon und un- LILrusL, wroLe on LIe US com- puny`s bIog. Reuters Myanmar Summary A woman looks at advertisements promoting Samsung Electronics' Galaxy Note 3 smartphone at the company's headquarters in Seoul. K im
H o n g - ji/ R e u t e r s A model displays the Lumia 1320 smartphone during its launch in Abu Dhabi. B e n
J o b / R e u t e r s Nokia ._ Microsoft Corp . ,.~- ..e,...,..q:.~e. ~ ..,_.._:.....:q~ .~.:. _.._...q .q:... qq q, ~,~ ~:~:. .:. . ..: ~_.~qq.._~:. -_.....~ ~~. ._.:_~:..._. _...._ .~~:.~ e., ~.~._ ,.~-..,..:.~:. Microsoft . e,. ... , .,. ..'.: ... , . e ,_e .q: .. q, ..:~ _ . ._ .. ..: , .- ....:.~:. ..~~.:.qq, ..:~_.._. Nokia - ~..|~_.,.._~: , .-q e e:.:.._ , ... ~ q:. .,. e, ... , ~_.~~._.. q .. ._. . . . .:.._ ~, ~ ~e ~._ . .:.- Nokia . . . ~~ ~ ~,:~ ~ .. .e . .:.q .:. ._~: . . .q . ..:.q.._. April 24-30, 2014 Myanmar Business Today mmbiztoday.com IT & TELECOM 29 Myanmar Summary Myanmar Summary Qualcomm Talks Up Future Top-Tier Smartphone Chip Noel Randewich Q uuIcomm guve deLuIIs IusL week ubouL u IuLure IIgI-end smurLpIone cIIp, IncIudIng IusLer downIoud speeds us weII us 6q-bIL LecI- noIogy, wIIcI Is quIckIy becom- Ing sLundurd. Due Lo uppeur In smurLpIones In zo1, LIe Snupdrugon 81o Is QuuIcomm`s IuLesL bId Lo use ILs edge In wIreIess LecInoIogy Lo muInLuIn ILs murkeLsIure Ieud In semIconducLors Ior mobIIe devIces. TIe 81o cIIp IncIudes new, IusLer WII IeuLures us weII us u qG modem LIuL QuuIcomm suys downIouds duLu uL LwIce LIe speed oI cIIps mude wILI ILs prevIous LecInoIogy. TIe cIIp uIso uIIows Ior vIdeo recordIng und pIuybuck uL qK uILru-IIgI resoIuLIon. oIIowIng AppIe`s IuuncI IusL yeur oI ILs hrsL IPIone mude wILI u 6q-bIL processor, QuuI- comm und oLIer cIIpmukers Iuve been rusIIng Lo roII ouL LIeIr own 6q-bIL LecInoIogy, wIIcI reduces LIe gup beLween Iow-power mobIIe processors und puncIIer cIIps used In Iup- Lops, deskLop PCs und servers. QuuIcomm Is unnouncIng ILs newesL cIIp beIore LIe preced- Ing cIIp In ILs IIgI-end IIneup, LIe 8o, Ius even begun Lo up- peur In smurLpIones. TIe 8o Is due Lo uppeur In smurLpIones uround mId-zo1q. CurrenL smurLpIones, IncIud- Ing AppIe`s, do noL Iuve enougI memory Lo gIve 6q-bIL proces- sors un udvunLuge over more wIdeIy used z-bIL cIIps, buL IuLure pIones wIII be mude wILI enougI memory Lo gIve LIe 6q- bIL processors u perIormunce boosL. BeIore 6q-bIL IeuLures cun be Luken udvunLuge oI In pIones, LIe soILwure und operuLIng sys- Lems LIey reIy on wIII uIso Iuve Lo be overIuuIed, u mujor un- derLukIng Ior LIe IndusLry. QuuIcomm In December un- nounced ILs hrsL 6q-bIL cIIp, purL oI ILs Iow-end IIneup und uImed Ior use LIIs yeur In In- expensIve smurLpIones In LIe IusL-growIng CIInese murkeL. We`re busIcuIIy suyIng IL`s dII- hcuIL Lo cuII exucLIy wIen 6q-bIL operuLIng sysLems und uppIIcu- LIons wIII become muInsLreum, buL by InLegruLIng LIem now we`re IuLure-proohng uII oI our pIuLIorms goIng Iorwurd Ior LIe benehL oI our (cusLomers), Ex- ecuLIve VIce PresIdenL MurLIy RenducIInLuIu LoId ReuLers. QuuIcomm domInuLes LIe murkeL Ior udvunced qG wIre- Iess LecInoIogy und ILs Snup- drugon cIIps ure wIdeIy used In smurLpIones mude by Sumsung EIecLronIcs, MoLoroIu, HTC und oLIer munuIucLurers. BuL LIe Sun DIego, CuIIIornIu cIIpmuker Iuces u smurLpIone murkeL LIuL Is begInnIng Lo grow Iess quIckIy. SmurLpIone demund Is sIIIL- Ing Irom LIe UnILed SLuLes und oLIer deveIoped counLrIes, wIere Lop-LIer pIones IIke LIe IPIone Iuve become ubIquI- Lous, Lo CIInu, wIere consum- ers Lend Lo buy Iess expensIve devIces wILI Iower-end dIspIuys und oLIer IeuLures. AILer IncreusIng q percenL IusL yeur, smurLpIone sIIp- menLs ure expecLed Lo expund by 1q percenL In zo1q, und growLI Is expecLed Lo conLInue Lo sIow, IuIIIng Lo jusL 6 percenL In zo18, uccordIng Lo murkeL re- seurcI hrm DC. CIIeI ExecuLIve Omcer SLeve MoIIenkopI Ius LoId InvesLors wIo ure worrIed ubouL u Iess vIgorous smurLpIone murkeL LIuL QuuIcomm`s IuLure cIIp InnovuLIons wIII drIve IresI de- mund Ior smurLpIones. Reuters Qualcomm ._ 64-bit ,_ . ._:_e ~ . . :...: download .,. ._.,._ ~,e._~...~e,. smartphone Snapdragon ~~ ~ ~~ . . . ~ . . . :.._ _e. ._~: . .q._. 810 chip ~ . _., ._ WiFi . 4G modem .|~_.. download . , .._ e. ~ . . .. . _., ._~: . . q._ . _. video recording . playback ....:q,~~~ 4K ultra-high resolution .|~._~:. .q._. e. ~ . . ._ apple's e , .~.| ~~ smartphone ~._ 64-bit processor ~~~ memory ~. ~..:~ ..... _~..: ._. ~,:~ e , ..:.~ . . ..: .~ _. .:...q, .|q ._ _e. ._~: .. q._ . Microsoft Ends Windows XP Support, Hackers May Be Lurking Jim Finkle M IcrosoIL Corp reIeused ILs hnuI securILy up- duLes Ior WIndows XP und Omce zoo on AprII 8 us securILy experLs wurned users LIuL LIey couId soon be prIme LurgeLs Ior cyber uLLucks II LIey do noL ubundon LIe producLs. SecurILy experLs udvIse con- sumers und busInesses Lo eI- LIer repIuce compuLers run- nIng WIndows XP or upgrude Lo modern versIons oI MIcrosoIL`s soILwure wILIIn LIe nexL monLI becuuse LIey wIII no Ionger be proLecLed Irom newIy dIscov- ered LIreuLs uILer LIe mIddIe oI Muy. MIcrosoIL uuLomuLIcuIIy roIIs ouL new securILy upduLes on LIe second Tuesduy oI eucI monLI, wIIcI Is known us PuLcI Tues- duy, u duy wIen LIey uIso pub- IIsI LecInIcuI deLuIIs on LIe se- curILy bugs LIey ure hxIng. TIe nexL PuLcI Tuesduy Is Muy 1. SecurILy experLs suy LIey be- IIeve Iuckers wIII sLudy LIuL duLu und reverse engIneer LIe Muy PuLcI Tuesduy soIL- wure upduLes Lo IdenLIIy wuys Lo uLLuck compuLers runnIng WIndows XP, uIong wILI Omce zoo, wIIcI wIII no Ionger re- ceIve puLcIes Irom MIcrosoIL. ALLuckers wIII use LIIs us un ucceIeruLor. L`s un eusIer wuy Lo geL uL mucIInes, suId WoIIgung Kundek, cIIeI LecInoIogy omcer wILI cybersecurILy hrm QuuIys nc. MIcrosoIL wunLs users Lo move Lo more modern versIons oI LIe operuLIng sysLem purLIy becuuse IL Ius IncorporuLed new securILy IeuLures InLo LIe soILwure over LIe pusL decude LIuL muke IL Iur more eecLIve In LIwurLIng cy- ber uLLucks. TIe worId`s IurgesL soILwure muker hrsL wurned LIuL IL wus pIunnIng Lo end supporL Ior WIndows XP In zoo;, buL secu- rILy hrms esLImuLe LIuL 1 Lo z percenL oI LIe worId`s PCs sLIII run on LIe versIon oI LIe oper- uLIng sysLem LIuL wus reIeused In OcLober zoo1. OnIy ubouL u LIIrd oI LIe worId`s z.z mIIIIon ATMs wIIcI use LIe sysLem Iuve been up- gruded Lo newer operuLIng sys- Lems, uccordIng Lo NCR, one oI LIe bIggesL ATM mukers. Reuters n o r e b b o . c o m Microsoft Corp's Windows XP software products are displayed at a shop in Seoul. Y o u
S u n g - H o / R e u t e r s Microsoft Corp ._ ~,.. ~~.~.q.~~~ ~.~...~_e. .:. ._ Windows XP . 2003 ~~~ .,:~.. ._..q. ~.:~~~~:. -_.. q~., ~ _e,_e..~_.e .q._. . _. .q.. q:._:q .:.._ . .. . .:.. . .. :..q.. . , ..:.~:. ... .e .,:~ . .~ . _. .q.. q: .:~ . . q. . .._ Windows XP ~. ._. :.._ ~ , . ~:.:.~:. ._.:..q, ..e~ .,:~..~ -:.q ..:.. .:._ .~~ . ._.: .. q, ~_~...:.._. Microsoft . . .. . .:.~:. .,:~ . . ~.,..:.. ._.:..q, ..:. .~q_.. ~..|.,..:.. ._..q. .q: ~.:~~..:.~:.._.. ~..~q._. April 24-30, 2014 Myanmar Business Today mmbiztoday.com SOCIAL SCENES 30 A Hindu devotee walks on burning embers. U Aung/Xinhua A Hindu devotee walks on burning embers. U Aung/Xinhua A child celebrates a traditional Hindu festival. U Aung/Xinhua A child celebrates a traditional Hindu festival. U Aung/Xinhua Hindu devotees celebrate. U Aung/Xinhua Hindu devotees celebrate. U Aung/Xinhua Hindu Festival in Yangon Launch of British International School Yangon @ the residence of the UK Ambassador to Myanmar An artist from China performs.U Aung/Xinhua An artist from China performs.U Aung/Xinhua An artist from China performs.U Aung/Xinhua An artist from China performs.U Aung/Xinhua An artist from China performs.U Aung/Xinhua "Experience China"- Myanmar Tour in Nay Pyi Taw Artists from China perform. U Aung/Xinhua Artists from China perform. U Aung/Xinhua Artists from China perform. U Aung/Xinhua Artists from China perform. U Aung/Xinhua Guests pose for a photo. Wai Linn Kyaw Andrew Patrick, British Ambassador to Myanmar, gives his speech. Wai Linn Kyaw Guests pose for a photo. Wai Linn Kyaw Adam Johnson, headmaster of British International School Yangon, gives his speech. Wai Linn Kyaw Ross Cormack (M), CEO of Ooredoo, poses for a photo with guests. Wai Linn Kyaw April 24-30, 2014 Myanmar Business Today mmbiztoday.com CLASSIFIEDS 31 April 24-30, 2014 Myanmar Business Today mmbiztoday.com 32 ENTERTAINMENT THE YANGON POP-UP PROJECT: MYANMARS FIRST POP-UP CONCEPT OPENS Gallery, retail and dining components feature Phyoe Kyi exhibition and Myanmar Made M yunmur`s hrsL pop-up concepL, TS1 Yungon, opened Lo LIe pubIIc on AprII 6, In TrunsIL SIed No.1 beLween unLIIL JeLLy und Ku- Ing Dun No.1 JeLLy In LIe IeurL oI downLown Yungon. n keepIng wILI LIe pop-up concepL, spreudIng In popuIur- ILy LIrougIouL InLernuLIonuI IocuIes IncIudIng Europe und LIe US, TS1 Yungon wIII IeuLure dIerenL exIIbILIons In LIe guIIery spuce, dIerenL reLuIIers In LIe reLuII spuce und dIerenL menus In LIe resLuurunL spuce; uII poppIng-up und roLuLIng In reguIurIy. AII conLenLs ure Myunmur Iocused, buL wILI u LwIsL. ocuLed In LIe cenLre oI one oI SouLIeusL AsIu`s mosL re- nowned und busLIIng cenLers oI excIunge, TIe Yungon Pop-Up ProjecL IncIudes LIree dIsLIncL spuces Ior commerce, cuILure und cuIsIne. TIe concepL, deveIoped by Pun & ProjecLs, uIms Lo IurLIer connecL Myunmur wILI LIe gIobuI communILy und speur- Ieud urbun renewuI und cuI- LuruI excIunge In LIe counLry. UILImuLeIy, LIIs projecL wIII be used us u demonsLruLIon oI LIe possIbIIILIes Ior downLown Yungon`s rejuvenuLIon und un IIIusLruLIon oI Iow u genuIne coIIuboruLIon by peopIe wILI dIsLIncLIve skIIIs und voIces - be LIey IocuI or InLernuLIonuI, urLIsLIc or cuIInury, urbune or unpoIIsIed - cun be merged Phyu Tit Lwin Lo creuLe noL jusL u momenL, buL u movemenL Lo revIve LIIs IIsLorIc neIgIbourIood Lo ILs IuII poLenLIuI, suId vun Pun, Iounder oI Pun & ProjecLs. TIe cuILure componenL oI LIe Yungon Pop-Up ProjecL`s Is TS1 GuIIery, wIIcI opened wILI un exIIbILIon oI work by ceIebruL- ed Myunmur urLIsL PIyoe KyI. TIe seIecLIon oI PIyoe KyI us TS1`s hrsL urLIsL-In-resIdence exempIIhes LIe guIIery`s mIs- sIon Lo enIunce LIe repuLuLIon oI Myunmur urLIsLs und encour- uge creuLIvILy comIng ouL oI LIe counLry. ocusIng on conLem- porury urL medIums sucI us puInLIngs, desIgn, perIormunce, cruIL, und pIoLogrupIy, TS1 Is sIuLed IoId up Lo seven exII- bILIons wILIIn LIe nexL yeur, IeuLurIng up Lo 1 urLIsLs Irom uII over Myunmur. TIe reLuII componenL oI TIe Yungon Pop-Up ProjecL opens wILI Myunmur Mude, Iocused on sIowcusIng LIe mosL InLeresLIng producLs Iound In Myunmur Loduy. MercIundIse Ius been cureIuIIy seIecLed Lo promoLe LrudILIonuI cruILsmunsIIp buL desIgned wILI u IresI perspecLIve. BoLI TS.1 GuIIery und Myun- mur Mude wIII be open Lo LIe pubIIc duIIy, Monduy LIrougI Sunduy, 1oum Lo 8pm. TIe cuIsIne componenL, PorL AuLonomy ResLuurunL und Bur, wIIcI Is seL Lo open IuLer LIIs sprIng, Is expecLed Lo reecL LIe eLIos oI LIe projecL und Iocus on creuLIng u gusLro- nomIc experIence LIuL Is ubouL LIe excIunge oI Ideus beLween Myunmur und LIe worId. TIe concepL wIII revoIve uround Myunmur sLreeL Iood reInLerpreLed In InnovuLIve und modern wuys Lo reecL LIe LrudILIons und uvours oI IocuI cuIsIne, buL IncorporuLIng eIemenLs InspIred by LIe worId beyond. n uddILIon Lo LIe LIree uncIor componenLs, LIe spuce wIII uIso pIuy IosL progrummes oI cuILuruI und socIuI ucLIvILIes, poLenLIuIIy IncIudIng: commu- nILy educuLIon, concerLs, IILer- ury reudIngs, perIormunces, screenIngs, Lrunk sIows und worksIops. Myanmar Loans Ancient treasures to New York A Iundmurk exIIbILIon recenLIy opened In nexL week expIorIng LIe uncIenL kIngdoms oI SouLI- eusL AsIu und InLroducIng Lo LIe ouLsIde worId LIe hrsL Lreusures Irom Myunmur seen ubroud. TIe MeLropoIILun Museum oI ArL spenL hve yeurs prepur- Ing LIe exIIbILIon oI HIndu- BuddIIsL scuIpLures Irom u regIon und uncIenL cuILure IILLIe known In LIe UnILed SLuLes. L IeuLures 16o sLone, Lerru- coLLu und bronze scuIpLures oI wIIcI zz ure Irom Myunmur, LIe hrsL pIeces oI urL Iouned by Yungon uILer emergIng Irom decudes oI InLernuLIonuI IsoIu- LIon. TIe resL Irom CumbodIu, MuIuysIu, TIuIIund, VIeLnum, BrILuIn, runce und eIsewIere Pann Nu In LIe UnILed SLuLes compIeLe un exIIbILIon LIuL onIy LIe vusL resources oI LIe MeLropoIILun couId puII o. MosL oI LIese powerIuI works oI urL Iuve rureIy II ever been on vIew ouLsIde LIeIr Iome counLrIes, suId LIe MeL`s BrILIsI dIrecLor TIomus CumpbeII. We ure Ionored LIuL LIe governmenL oI Myunmur Ius sIgned ILs hrsL-ever InLernu- LIonuI Ioun ugreemenL In order Lo Iend LIeIr nuLIonuI Lreusures Lo LIIs exIIbILIon. TIe beuu- LIIuIIy presenLed und puInsLuk- IngIy curuLed osL KIngdoms: HIndu-BuddIIsL ScuIpLure oI EurIy SouLIeusL AsIu LI Lo 8LI CenLury, opens nexL Monduy und runs unLII JuIy z;. Around 6.z mIIIIon peopIe vIsILed LIe MeL In eucI oI LIe IusL Lwo yeurs, u new uudIence Ior LIese uncIenL Lreusures und Ior Myunmur, wIIcI onIy emerged Irom InLernuLIonuI suncLIons In zo1z. CuruLor JoIn Guy suId SouLI- eusL AsIu wus dIsmIssed by uncIenL geogrupIers us LIuL pIuce beyond ndIu und beIore CIInu, buL produced some oI LIe greuLesL HIndu und Bud- dIIsL urL Lo survIve. TIe exIIbILIon Lrucks LIe perIod wIen boLI IuILIs Look rooL In LIe regIon Irom n- dIu, ubsorbed InLo IocuI beIIeI sysLems und gIvIng rIse Lo LIe nuLIon sLuLes oI Loduy. L Look Lwo yeurs - u Iong und rIgorous process - Lo negoLIuLe LIe Iouns Irom uII LIe counLrIes, Guy LoId AP. Myunmur Is new uL LIIs und Iuve Lo suy LIey beIuved In un exLruordInurIIy proIessIonuI munner, Ie udded. BeIore comIng Lo New York, some objecLs Iud LruveIed onIy once: by curL Irom LIe uncIenL cILy oI SrI KseLru wIere LIey were excuvuLed In 1qzq-z6 Lo LIe IocuI museum. As In LIe cuse oI severuI oLIer counLrIes, cubIneL-IeveI up- provuI wus requIred. SouLIeusL AsIun counLrIes ure emergIng economIes und Myunmur Ius emburked upon wIde-rungIng reIorms sInce LurnIng LIe puge on hve dec- udes oI junLu ruIe LIuL kepL LIe counLry ImpoverIsIed. Guy suId LIe regIon couId expecL spIn-o benehLs sucI us enIunced LourIsm und cuILuruI cooperuLIon. WIen LIe exIIbILs reLurn Lo Myunmur In AugusL, Ior exum- pIe, Lwo conservuLors wIII go Lo work on objecLs LIuL In LIe end were deemed Loo IrugIIe Lo LruveI Lo New York. As ImporLunL us LIe exIIbI- LIon Is, we wouId never puL u sIngIe objecL uL rIsk, suId Guy, un experL wILI zo yeurs` experI- ence und conLucLs In LIe regIon. WIIIe muny oI LIe musLer- pIeces come Irom CumbodIu, TIuIIund und VIeLnum, LIe sLundouL conLrIbuLIon Irom Myunmur Is u sIxLI cenLury sundsLone sIub LIuL covered u reIIc cIumber In SrI KseLru. Guests at the launch of TS1 Yangon. P u n