Myanmar Business Today Vol 3, Issue 44

Myanmar Business Today
mmbiztoday.com
November 12-18, 2015
MYANMARS FIRST BILINGUAL BUSINESS JOURNAL
mmbiztoday.com
November 12-18, 2015 | Vol 3, Issue 44
Morley J Weston
Tourism Businesses Push for More Consulates
Tourists watch the sunset over Bagan.
Moh Moh Kyi
ourism
industry
players have demanded that there
should be more Myanmar consulates in foreign
countries as the tourism
sector develops.
Many countries open
consulates for the development of their countrys
tourism industry. Thailand is well known for
tourism but people hardly

know about next-door
Myanmar.
Establishing consulates in foreign
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help Myanmar's tourism
sector develop, Daw Sabei Aung, managing director of Nature Dream
Travel and Tours Co Ltd,
told Myanmar Business
Today.
Representatives should
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versant with Myanmars

tourism sector, she added.
We have not been able
to appoint economic ambassadors for every country yet. To appoint tourism representatives in
foreign countries will take
some time, and cannot be
done that quickly. We are
cooperating with the MinLVWU\RI)RUHLJQ$DLUVWR
work on this issue, U Tint
Thwin, director general of

the Ministry of Hotels and
Tourism, told Myanmar
Business Today.
If Myanmar can promote its array of attractions, there will be many
more tourists coming to
Myanmar. Myanmar has
the ability compete with
Thailand. Consulates in
foreign countries to help
tourists are needed for
the Myanmar tourism industry, said U Tin Tun
Aung, managing director
of Thingazar Travels and
Tours Company.
Thailand boasts a more
robust tourism infrastructure than Myanmar.
In 2013 arrivals in Thailand jumped to 26.55 million, while 2014 saw a decrease in visitors to 24.78
million. Tourism receipts
directly contributes to
16 percent of Thailands
GDP.
The Ministry of Hotels
and Tourism estimates
that 4.5 million foreign
visitors would arrive in
Myanmar this year, but
experts dismiss the inDWHG JXUHV VD\LQJ WKLV
include day-trippers and
traders coming across the
border gates who cant be
regarded as tourists.
Myanmar Summary
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Co.,Ltd rS refae*sif;'gkdufwm
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Inside MBT
JJ-Pun Launches First Solar

CLC in Mandalay
P-4
Marsh Opens Myanmar Rep

2FH WR 7DS ,QVXUDQFH %URNing Business
P-19
Online Group Invests in New

Recruitment Website
P-27
LOCAL BIZ

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Business News in Brief

MYANMARS FIRST BILINGUAL BUSINESS JOURNAL
Board of Editors
Editor-in-Chief - Sherpa Hossainy
Email - editor@mmbiztoday.com
Deputy Editor - Morley J Weston
Email - morleyjw@gmail.com
Ph - 09 258 561 739
Editor-in-Charge - Wai Linn Kyaw
Email - linnkhant18@gmail.com
Ph - 09 40 157 9090
Regional & International Editor
Morley J Weston
Reporters & Contributors

Kyaw Min, Wai Linn Kyaw,
Tin Mg Oo, Aye Myat, Aung Phyo,
Zwe Wai, Phyo Thu, Zin Thu Tun, Zayar Nyein,
Morley J Weston, Thant Zin,
Moh Moh Kyi, Ei Thandar Tun
Design, Layout & Photography

Zarni Min Naing (Circle)
Email - zarni.circle@gmail.com
Wai Linn Kyaw
Ko Naing
Email - nzlinn.13@gmail.com
DTP
May Su Hlaing
Translator
Wai Linn Kyaw, Saw Hsa Gay Doh
Advertising
Nay Lin Htike, Seint Seint Aye,
Htet Wai Yan
Advertising Hotline - 09 420 237 625,
09 31 450 345, 09 2500 18646
Email - mbt.prasert@gmail.com
Subscription
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Prasert Lekavanichkajorn
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09421149720
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Printing
Shwe Naing Ngan (00296)
No. 1A-3, Myintha 11th Street,

South Okkalapa Township, Yangon.
Tel: 951-85000 86, 8500 763
Fax: 951-8603288 ext: 007
Korea, Myanmar to build $620 million Yangon

expressway
.RUHDQFRQVWUXFWLRQUPV/RWWH( &DQG+DOOD&RUporation will work with Myanmar-based Capital Diamond Star Group to build a $620 million expressway in
Yangon, which will then be operated by Korea ExpressZD\ &RUSRUDWLRQ 7KH UVW VWDJH RI WKH SURMHFW ZLOO EH
on the east side of Yangon, part of an inner ring road,
and a later stage will extend to the proposed Hanthawaddy Airport, local media reported. The government
will contribute 20 percent of the project cost, and the
rest will be reimbursed in toll fees.
Myanmar's mobile phone usage reaches 65.35
percent
Myanmar's tele-density reached 65.35 percent as of
$XJXVWWKLV\HDUXSIURPRQO\SHUFHQWLQWKHVFDO
year 2010-11, Xinhua News Agency reported. The government has targeted a 75 percent to 80 percent teledensity and a 50 percent internet penetration at the end
of 2015-16. The number of internet users in the country
reached 27 million at the end of September this year, up
from 38,715 in 2010-11.
Siam Makro exploring Myanmar corner shop
opportunities
Siam Makro Plc, the operator of Makro convenience
stores under Charoen Pokphan Group, has stated intentions to open stores in Myanmar, the Bangkok Post
reported. Next year, foreign companies will be allowed
to open supermarkets in Myanmar in the form of joint
ventures with local companies. Foreign retailers are
currently barred from the market, but imports are high.
km railroad will be built by Yangon City Development

Committee in cooperation with Port Authority and Asia
World Company.
Myanmar to designate 10 percent of land as
protected forest
Myanmar aims to designate 10 percent of its total
land area as natural reserve under the national forestry sector's 30-year project, Xinhua reported. The plan
currently counts 39 natural reserves covering 5.75 percent of the total land area of the country. Meanwhile,
Myanmar's Ministry of Environmental Conservation
and Forestry with the help of World Food Program is
planning to monitor the forest coverage in the country
under the one-year project.
India to sign motor transport agreement with
Myanmar, Thailand
India is set to sign a motor transport agreement with
Myanmar and Thailand for seamless movement of cargo among these countries next year, the Press Trust of
India reported. The agreement, which was originally to
be signed late next month, will be signed in Myanmar
shortly after the elections, and aims to provide a huge
boost to economic activities among these countries in
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Myanmar Summary
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South Korea to promote inland aquaculture
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industry
South Korea will promote inland aquaculture indus- 65 .35 &mcdkifEIef;odkY a&muf&SdcJhonf[k od&onf/ tpdk;&onf
try in Myanmar through a master plan, the Global New 2015-2016 b@ma&;ESpfukefwGif rdkbdkif;zkef;odyfonf;qtm;
Light of Myanmar reported. The European Union is 70 &mcdkifEIef;rS 80 &mcdkifEIef;ESifh tifwmeuftoHk;jyKrItm;
helping to boost Myanmar's aquaculture production
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and exports by providing training courses as part of EU
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Myanmar Trade Development Program. Myanmar's
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Electric tram to run downtown in December
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Township to Htawlikwe in Ahlone Township while the ukeo
second phase from Pansodan to Linsadawn. The 5.63- aMumif; od&onf/

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Myanmar National Airlines Partners with

US Firm to Handle Singapore Route Sales
Aye Myat
clients that use its sales,

marketing and business
process outsourcing services.
According to Jenny Adams, CEO of Discover the
World, With its extensive domestic network
across 26 cities in MyanPDUZHDUHFRQGHQWRXU
sales team in Singapore
will produce great results
for Myanmar National
Airlines, selling point to
point as well as connectLQJLJKWV
We will also promote
the airlines Mingalabar
service, cost free for business class passengers that
provides a meet and greet
at the gate by a Mingalabar
host, fast track through
immigration and a transfer to a Yangon hotel. We
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of many opportunities to
work with Myanmar National Airlines as they expand their operations.
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bdk;tif; 737-800 av,mOf tawGUtBuHKBuD;BuD;rm;rm;&SdwJh
Myanmar Summary
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Sherpa Hossainy
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Myanmar National
Airlines (MNA) has
partnered with US-based
travel distribution company Discover the World
to handle its sales and
marketing in Singapore.
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destination where we plan
to expand, given our new
B-737-800 aircraft, said
Than Tun, CEO of Myanmar National Airlines.
Since we will have sevHQZHHNO\LJKWVEHWZHHQ
Singapore and Yangon
that began October 25, we
needed to partner with a
UPWKDWKDGYDVWH[SHULence in the marketplace
and a professional team
possessing a strong, established trade network
to help us increase our
brand awareness. DiscovHUWWKDWELOO
MNA has recently been
tying up with foreign avia-
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content and technology.
Last year in December
MNA, formerly Myanma
Airways, rebranded itself
in its push to overhaul
the struggling carrier and
expand its wings internationally.
Its with great pride
and honour that Discover
the World is to be part of
the team to contribute to
the growth and success in
Singapore for Myanmar
National Airlines, said
Tony Lim, Discover the
Worlds director in Singapore, Malaysia, Indonesia, Brunei, and China.
Our aim is to position Myanmar National
Airlines as a force to be
reckoned with in the marketplace as the carrier of
choice for our trade partners and consumers.
Discover has a network
RI RFHV LQ FRXQtries with a portfolio of 90
A Myanmar National Airlines plane at Yangon International Airport.
JJ-Pun
JJ-Pun Launches First Solar CLC in Mandalay
Aung Phyo
J-Pun, in partnership with First Myanmar Investment

Co Ltd (FMI) and Philips
Lighting, has launched
0\DQPDUV UVW &RPPXnity Light Center in Ngar
Zinyine village in Tada-U

township in Mandalay.
Community Light Centres (CLC) are areas of approximately 1,000 square
meters, the size of a small
soccer pitch, illuminated
using a solar-powered
LED lighting. Initiated
by Philips Lighting in Africa, the initiative has set

up over one hundred such
centres throughout the
African continent in the
last year.
JJ-Pun in March tied
up with FMI and Philips
to implement the project
in Myanmar. The comSDQ\KDVQRZQLVKHGWKH

installation the CLC at a
local playground in Ngar
Zinyine.
JJ-Pun, together with
our partners has undertaken this initiative with
dual aims of improving
quality of life for people

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grid and to demonstrate
the possibilities of sustainable development in
rural areas of Myanmar,
said Soe Moe Min Oo,
general manager for Infrastructure Development
at JJ-Pun.
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+RPDQQ
managing director of JJPun, said sustainable and
high-quality technology is
the answer to many of the
challenges faced here in
Myanmar today.
This is why our company is committed to
only provide solar lighting technology like the
one installed here in Ngar
Zinyine, where we can
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that the system will operate smoothly and persistently for many years to
come.
Julian Stefan, branch
manager of JJ-Pun in
Mandalay, said, Were
very glad to see how well
the Community Light
Center has been adopted
by the local community.
There is a lot of opportunity here and we truly
hope that this is just the
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Light Centers in Myanmar.
Myanmar Summary
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MR to Call Tenders to Lease Ad Space on Electric Trains

ment companies which
are operating advertisement on RBE train carriages and ordinary train
carriages. There is demand for advertisement
on RBE carriages, MR
says.
The privatisation of the
railway system will take
Phyo Thu
MPT Upgrades
Landphone Exchanges
Hanthawaddy S-12 exchange of Kyimyindaing RSU area and Ahlone exchange
area auto telephone numbers will be changed to updated exchanges
Tin Mg Oo
yanma Posts and

Telecommunications (MPT)
announced that it will
change the auto telephone
numbers to updated exchanges in order to give
better and upgraded services to customers.
MPT said that IP system
NGN (Next Generation
Network)
Mayangone
(SoftSwitch)
exchange
will be replaced with
MSAN (Multi Service
Access Node), while Kyimyindaing RSU numbers
(50xxxx, 51xxxx, 52xxxx,
53xxxx) of Hanthawaddy
S-12 exchange will be
changed to Mayangone
(SoftSwitch)
exchange
numbers (931-7xxx) on
November 20.
IP system NGN (Next
Generation
Network)
Ahlone (SoftSwitch) exchange will be replaced
with MSAN (Multi Service Access Node). NEAX61 Container exchange
numbers (214xxx, 215xxx,
216xxx, 217xxx) will be
changed to Ahlone ZX-
ments.
There are 21 circular
trains daily and only 10
trains have received advertisements.
The income from train
advertisements for the
2014-15 year was around
K100 million and the
ministry hopes to earn
Morley J Weston
hen the electric

train planned
for downtown
starts operation, companies will be given a chance
to advertise on the train
through a tender process,
said U Arkar Min Tun,
business manager of Myanmar Railways.
There is no instruction for the tender yet.
Currently we are running
some normal advertisements, as we permit advertising on areas owned
by Myanmar Railways.
In some cases, we have to
share ads with the municipality as we own the land
jointly, he said.
Currently, the Myanmar Railways circle train
program is losing money.
The department is trying
to cover the loss with the
rental of shop space on
MR owned land and fees
from advertising.
There are six advertise-
a long time. The railway

system is important and
the usage of railway system will be widespread
after it is privatised, U
Arkar Min Tun said.
The poor visibility and
the condition of the railways has led to a low demand for train advertise-
SS10SS1B numbers (2134xxx, 213-5xxx, 213-6xxx,

213-7xxx) on November
14.
MPT said the new numbers can be used for both
voice calls and ADSL internet. Static IP at Alone
area will be changed to
Static IP Range (172.x.x.x)
Network, so current ADSL
users have been asked to
contact MPTs Information Technology Department, ADSL section.
Myanmar Summary
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MPT rS atmfww
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ajymif ; vJ r nf j zpf [H o m0wD

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ADSL oH k ; pGJ ol r s m ; t e u f
Static IP oHk;pGJolrsm;taeESifh
Static IP Range(172)Network
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trSwf 01-650870-0166270
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EdkifaMumif; od&onf/
PRUHWKLVVFDO\HDU7KH
advertisements on trains
started in 2013.
Myanmar Summary
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ajy;qGJrIrsm; jyKvkyfygu wif'g
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tIH ;ay:vsu&f NdS yD; pD;yGm;a&;t&
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rsm; iSm;&rf;jcif;ESifh aMumfjim
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vsuf&SdaMumif; od&onf/
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qdkif;rsm;ESifh txl;&xm;rsm;wGif
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wumvkyfief;rsm;udk qGJaqmif
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Fishy Business: Aquaculture

Businesses under Scrutiny
as Drug Fronts
Kyaw Min
ollowing a record
K500-billion worth
narcotic arrest, Myanmar Anti-drug Police
Force will investigate the
possessions and busiQHVVHV RI VKHU\ LQGXVtry owners, according to
Colonel Myint Thein from
anti-drug police force.
The main suspect of the
case, Min Oo Khine, managing director of Kaladan
Delta Development, was
arrested in Myawaddy
recently. Kaladan Delta
Development Company is
OLVWHGDVDVKHU\SURGXFtion company, but is allegedly a front for selling
drugs.
After Min Oo Khines arrest, police raided a house
in East Dagon and seized
K790 million worth methamphetamine tablets and
phensedyl bottles. Police
also arrested three Chinese citizens in Mandalay
and Lashio in connection
with the case.
Police colonel Myint
Thein said, We will now

LQYHVWLJDWH DOO VKHU\
businesses as to whether
they are running real
businesses
are
drug
fronts. We have issued
warrants for 12 men directly related to this case,
but arrested only one who
is their leader. We have
arrested nine additional
persons of interest and
are trying to arrest the remaining suspects soon.
Four months ago, police
found out K113.5 billion
worth of narcotic tablets
on a container truck. The
Kaladan Delta Development was found responsible and police arrested
the company MD Min Oo
Khine and issued warrant
for company board members.
Myanmar police are collaborating with international drug enforcement
groups to investigate the
case.
Myanmar Summary
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jym;rsm; &efukefwGif awGU&Sdjcif;

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ausmfESifhzefpD'dkif;ykvif;rsm;udk
ydkif&SifrJhodrf;qnf;&rdcJhonf/

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0L]XKRWR2SHQ6HFRQG2FH
in the Thilawa SEZ
Aung Phyo
izuho Bank Ltd

was granted approval by the local regulatory authorities
WR RSHQ D IURQW RFH LQ
the Thilawa Special Economic Zone (SEZ).

The bank, one of the
three so-called Japanese
megabanks, said it will
VWDUW VSHFLF SUHSDUDWLRQ
work aiming to open the
RFHLQ)<
This is the second Mi]XKR RFH LQ 0\DQPDU
DQGWKHUVWWREHRSHQHG
by a foreign bank in the
Japanese-backed Thilawa
SEZ.
The Thilawa SEZ is located 23 kilometres south

RI <DQJRQ ,W LV WKH UVW
large scale industrial
complex in Myanmar and
both the Japanese and
Myanmar governments
have played a leading role

in its development.
7KH UVW KHFtare Phase One of the
2,400-hectare
project
was opened in SeptemEHU6HYHUDOIRUHLJQUPV
have opened manufacturing facilities and the
number of manufacturing
businesses and other corporations in the zone is
expected to increase.
0L]XKR RSHQHG LWV UVW
branch in August after
clinching a banking licence alongside eight other foreign banks.
Mizuho said the openLQJ RI WKH 7KLODZD RFH
will enable it to more effectively support customers expanding into the
country or strengthening
their business in Myanmar.
Yuya Shino/Reuters
Myanmar Summary
rpf q l [ d k b Pf v D r d w uf o nf
oDv0gpD;yGm;a&;ZkefwGif Hk;cJG
wpf ck z G i f h v S p f & ef jynf wG i f ;
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csuf&&SdcJhonf[k od&onf/
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oHk;ckteuf wpfcktygt0ifjzpf
onfh tqdkygbPfonf 2015
ckESpf b@mESpfukefwGif Hk;cef;
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ajymcJhonf/
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wdkYu OD;aqmif &if;ESD;jrKyfESHrI
rsm; jyKvkyfxm;onf/
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d euf [ufwm 400
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EU, Myanmar to Cooperate

on Climate Change Issues
Tin Mg Oo
accelerating the shift to a

low-carbon, climate-resilient global economy.
People around the
world are looking to their
leaders for a signal that
they are ready and willing to take decisive action
to tackle climate change.
The EU and its Member
States are committed to
taking on a leading role
and we are working with
our partners, including
Myanmar, to ensure that
Paris is a success.
Countries of the world
will gather together at the
Paris climate conference
(COP21) in December to
conclude a new global climate change agreement.
7KH (8 ZDV WKH UVW
major economy to put
forward its intended
contribution to the new
agreement a target of
reducing domestic greenhouse gas emissions by at
least 40 percent by 2030,
compared to 1990 levels.
Myanmar Summary
jref r mEd k i f i H E S i f h Oa&myor*

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rIqdkif&mrsm; yl;aygif;aqmif&Guf
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Isabel Fria de Almeida u
ajymonf/
Nacho Doce/Reuters
he European Union and the Myanmar

government
has pledged to strengthen
cooperation on climate
change ahead of the adoption of a new global climate deal in Paris this
December.
In a workshop on climate change, the Ministry
of Environmental Conservation and Forestry
together with other ministries, civil society representatives, the private
sector, and the EU and
other development partners, discussed the draft
National Climate Change
Strategy and Action Plan
in Myanmar.
The Plan is supported
by the Myanmar Climate
&KDQJH $OOLDQFH D DJship programme of the
government to increase
its institutional and technical capacities to address
climate change.
In addition to taking
stock of the progress so

far, key elements of the
strategy and action plan
were agreed upon by the
participants with a view
of presenting these at the
Paris conference.
This EU-funded program which is being jointly implemented by United
Nations Human Settlements Programme (UNHabitat) and the United
Nations
Environment
Programme
(UNEP)
stretches over four years
and focuses on raising
the awareness around climate change and making
sure government policies,
plans and activities take
climate change into consideration.
Isabel Faria de Almeida,
EU Head of Development
Cooperation in MyanPDU VDLG 7KH HHFWV RI
climate change are felt
all over the world as the
weather gets more extreme. The Paris conference is a historic opportunity to combat this by

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KFC Opens Second Myanmar Outlet in Yangon

Third restaurant set to open end-2015
Moh Moh Kyi
pers, to our beautiful new

restaurant , said Ma
Honey Soe Nyein, restaurant manager for KFC
Junction Square.
KFC said it will run Friday Night Jam Sessions
RQWKHUVWDQGODVW)ULGD\
of November and December in 2015.
KFC said the platform
will give local young musicians the opportunity to
showcase their talent to
the public.
Myanmar Summary
tar&d u ef t ajcpd k u f u k r P D
wpfcjk zpfonf h KFC Corporation
RQI MUHIUP(GNLIL+Z*LI }LI?
'k w d , ajrmuf q d k i f c G J w pf c k t m;
&efukefNrdKU&Sd Junction Square
Shopping Centre wGif Edk0if
bmv 4 &ufaeYu pwifum
zGifhvSpfcJhonf/
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wGif 'kw,
d ajrmufqikd cf w
JG pfcjk zpf
NyD; ZGefvtwGif;u yxrqHk;
zGifhvSpfcJhaomqdkiftNyD; av;v
tMumwGif zGifhvSpfjcif;jzpfNyD;
KFC Myanmar/Facebook
oma
Strategic
Holdings Ltd, the
franchise
partner of KFC in Myanmar,
launched the American
fast food companys second outlet at Junction
Square in Kamayut township in Yangon.
The new restaurant will
be open to the public between 8am and 10pm
daily. The three-storey
restaurant features a private function room and
has space for up to 240
people.
KFC said the opening of
the restaurant is part of
its ongoing rollout across
Yangon, which will see a
third outlet open at the
Myanmar Plaza on Kabar Aye Pagoda road near
Inya Lake before the end
of 2015.
It has been four months
since we opened the doors
RI WKH UVWHYHU JOREDO
quick service restaurant
franchise in Myanmar,
and we would like to

wholeheartedly thank the
Myanmar public for their
tremendous support during this period, said JR
&KLQJ FKLHI QDQFLDO RIFHU<RPD6WUDWHJLFDQG
managing director, KFC
Myanmar.
KFC is a strategic pillar of Yomas consumer
platform and we take a
long-term view into this
business. We are investing heavily to make KFC
Myanmar successful and
to position ourselves as a
key player in Myanmars
fast-expanding consumer
and retail sectors.
According to Ching,
several more KFC outlets
will open in Yangon in the
UVWTXDUWHURI
It is our aim to make
KFC part of the fabric of
everyday life in Yangon,
and I look forward to welcoming all local residents,
be it members of the local
skateboard crew, university students, or regular
Junction Square shop-
aemufxyf wwd,ajrmufqdkif
tm; urmat;bk&m;vrf;ay:&Sd
Myanmar Plaza wGif ,ckESpf
rukefcif zGifhvSpfay;oGm;rnfjzpf
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txd zGifhvSpfa&mif;csay;oGm;
rnfjzpfonf[k qdkonf/
KFC onf urmhtBuD;qHk;
pm;aomuf q d k i f w G J v k y f i ef ; rsm;
wGif wpfcktygt0ifjzpfNyD; wpf
ur m vH k ; a&mif ; tm;yrmPrS m
wpfESpfvQif tar&duefa':vm
23 bDvD,Htxd&Sdum EdkifiH
aygif; 120 ausmfwGif pm;
aomufqdkifaygif;
19400
ausmf zGifhvSpfxm;aMumif; od&
onf/
Myanmar Oil Wells to Use Graphene Nanochem Product

Aye Myat
alaysia-based
Graphene Nanochem will put
its latest product, GraphSolve, to the test in the
HOG IRU D QDWLRQDO RLO
company in Myanmar.
It is a paid trial under
the groups deal with Scomi Oiltools and the product is due to be used in
three wells in work due to
FRPSOHWHLQWKHUVWTXDUter of 2016, the company

said in a statement.
GraphSolve is used to
treat drill cuttings waste
on-site, thereby ridding
the costly need to transport and treat material
away from the well. Drilling generates between
300MT and 600MT of
cuttings per well.
Graphene
Nanochem
claimed that the latest
product can reduce treatment costs by between

$70 and $200 per MT of
cuttings.
The company said the
products dual chemistry
function reduces the oil
content in the cuttings to
less than 1 percent to meet
environmental
regulations for on-site disposal
while it also speeds up the
biodegradation process to
within 8-12 weeks.
Graphenes chief executive Jespal Deol said:

7KH DGYDQFHG SDLG HOG
trial of GraphSolve by the
end customer after successful lab testing provides a strong testament
to the performance of our
products as we continue
expanding our product
lines and market reach.
Graphene and Scomi
Oiltools, one of the Asias
ODUJHVW RLOHOG VHUYLFHV
companies, have a joint

venture covering a numEHU RI RLOHOG GULOOLQJ OXbricants and products.
GraphSolve qdk o nf rSm

a&eHwGif;wl;&mwGif xGuf&Sdvm
onfh tnpftaMu;rsm;udk &Sif;
vif;EdkifrnfjzpfNyD; ukefusp&dwf
rsm;udkvnf; avQmhcsEdkifrnf[k
Myanmar Summary
od&onf/
rav;&Sm;tajcpdu
k f Graphene
tqdkyg"mwkaA'ypnf;onf
Nanochem ukrPDonf jrefrm a&eHwi
G ;f wl;&mwGif ukeu
f sp&dwf
(GNLIL+ 6G D H+Z*LIUVPZ*LI }LIZGN< jzpfonfh a&eHwpfwefv Qif tar
\ aemufqHk;xkwfukefjzpfonfh &duefa':vm 200 rS 70 odkY
GraphSolve udk
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toHk;jyKoGm;rnf[k od&onf/
11

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Yangon Airport a Hotspot for Illegal Trade

Tin Mg Oo
nti-smuggling
teams have seized
K310 million in
smuggled goods through
Yangon International Airport and Mandalay International Airport in 1,001
cases from July last year
to the present.
We returned some
smuggled goods upon
SD\PHQWRIDQHDQGZH
destroyed some if they
were deemed not suitable
for public use, said U
Swe Latt Maung, a senior
RFLDO IURP WKH 0LQLVWU\
of Commerce.
Mobile team collected
.PLOOLRQRIQHVIURP
these smuggled goods, he
added.
Most cases involve trading goods other than declared or exceeding trade
volume limits.
The vast majority of

cases, 994, came through
Yangon.
Partially due to antismuggling mobile teams
actions, legal trade has
been improving. The leJDO WUDGH RI Vcal year was worth $18
billion it hit $24 billion
LQVFDO\HDUDQG
$29 billion in 2014-15.
Myanmar Summary
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qdyfESifh rEav;tjynfjynfqdkif
&mavqdyfrsm;rS wifoGif;vm
onfhypnf;rsm;wGif vGJrSm;o,f
aqmifrIydkrdko,faqmifrIaygif;
1001 rIudk Mobile Team tzGJU
rS ppfaq;cJ&h m tcGeaf iGusyo
f ef;
aygif; 310 aumufc&H &Scd ahJ Mumif;
pD;yGm;a&;ESifhul;oef;a&mif;0,f
a&;0efBuD;XmerS xkwfjyefcsuf
t& od & onf / tqdk ygyrmP
onf 2014 ckESpf ZlvdkifvrS

,ckESpf atmufwdkbmvtxd
zrf;qD;&rdjcif;jzpfonf/
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a&G ; ,l ' Pf a iG e J Y x k w f a y;wm&S d
ovdk ESpfcsKdUpm;oHk;zdkYroifhwJhukef
ypnf;awGudkawmh rD;dIUzsufqD;
wmawG oufqdkif&mXmetzGJU
awGukd taumufceG t
f rIwzJG iG Nhf y;D
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hf ;l oef;
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t&m&Sd OD;aqGvwfarmifu ajym
onf/
xdkYjyif w&m;r0ifukefoG,frI
wm;qD ; xd e f ; csKyf a &;aumf r wD
(Mobile Team) taejzifh tjynf
jynfqdkif&mavqdyfrsm;ESifhqdyf
urf;rsm;wGif w&m;r0ifuek o
f ,
G f
rI 1336 rIrS tcGefaiG usyfoef;
aygif; 803 oef;udk EdkifiHawmf
twGuf tcGefaumufcHay;EdkifcJh
aMumif; od&onf/
MPT Says Swe Thahar Plan Reached

10 million Subscribers
Tin Mg Oo
yanma Posts and

Telecommunications (MPT)
said its Swe Thahar plan
has reached 10 million
subscribers.
The state-run telecoms
UP FODLPHG QRZ LW KDV
the largest client base of
over 16 million active users.
Initially launched in
January, Swe Thahar is a
SODQ RHULQJ YRLFH 606
and internet at more affordable rates for GSM/
WCDMA users voice
calls at K23 per minute,
SMS at K10 per message
and data from K6 per
megabyte.
The Swe Thahar plan
has been tremendously
popular and we thank all
Customers to get minutes, SMS and data in new bundles
oredoo Myanmar
has announced the
launch of a special
RHULQSDFNDJHV
The packages include
call minutes, SMS and internet data.
Minutes and SMS are
IRU ERWK RQ QHW DQG R
net use. Ooredoo customers will be able to use the
packages until November
30.
The new packages come
with 3 plans small, medium and large. For K500,
customers will get 15 minutes of calls, 10 SMS to
any network and 50MB
of internet for 24 hours;
for K3,000, 80 minutes of
calls, 50 SMS and 300MB
of internet for seven days;
and for K10,000, 250
minutes of calls, 150 SMS
and 1GB internet for 30
days.
For activation, customers can send an SMS

with 500 to 7070 or
*7070#, 3000 to 8080
or *8080#, 10000 to
9090 or *9090#.
CEO of Ooredoo Myanmar, Rene Meza said,
Were always looking for
new ways to bring better
experiences to our customers. The launch of our
VSHFLDORHULQSDFNages will be a great way
for families and friends to
stay connected with betWHUDQGDRUGDEOHSULFHV
Myanmar Summary
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NyD;qufoG,frIydkydktqifajyap
rnfh zke;f ac:qdjk cif;? SMS ay;ydYk
jcif;ESifh tifwmeufa'wmoHk;pGJ
jcif ; rsm;twG u f oH k ; rsKd ; yg0if
txl;tpDtpOfudk atmufwdk
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jzpfaMumif; tl&'D ;l jrefrm\owif;

xkwjf yefc sut
f & od&onf/
tqdyk gtpDtpOfrsm;rSm tao;
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jzifhjynfwGif;rS rnfonfu
h eG &f uf
udrk qdk 15 rdepf pmzkef;ac:qdkjcif;?
SMS10apmifydkYEdkifjcif;? tifwm
euf a 'wmig;q,f r D * gbd k u f
yrmPudk 24 em&DtwGif; t
oHk;jyKEdkifrnfjzpfonf/
tvwfpm;tpDtpOfwiG af iGusyf
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wm1024 rD*gbdkufyrmPwdkYukd
&ufaygif;oHk;q,ftwGif;toHk;
jyKEdkifrnfjzpfonf/
Myanmar Summary
jrefrmhqufoG,fa&;vkyfief;
MPT oHk;pGJolaygif; wpfEdkifiHvHk;
twdkif;wmjzifh 16 oef;ausmf&Sd
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w,f/ MPT taeeJYaqGo[m
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vnf;txl;aus;Zl;wifygw,f}}[k
MPT-KSGM Joint Operation rS Chief Commercia
j z pfol
Mr.KoichiKawase
uajymonf/
Bago Boss Busted

in Fraud Crackdown
Ooredoo Launches 3 in 1 Packages

Moh Moh Kyi
our MPT customers who

have made the switch and
enjoyed even cheaper,
faster, and better service, Koichi Kawase,
FKLHI FRPPHUFLDO RFHU
of MPT-KSGM Joint Operations.
Customers on the Base
7DULSODQFDQVXEVFULEH
to Swe Thahar by sending a free SMS SWE or
"POSTSWE" to 1332.
Kyaw Min
secretary of Bago
region government
has been suspended from his duty after police found K800 million
in unaccounted for cash
in his bank account, according to Bago Region
Police Force.
The investigation was
done under the instruction of the Ministry of
+RPH$DLUV
U Maung Maung Than,
secretary of Bago region
government, was guilty of
money fraud according to
the initial investigation.
$Q RFLDO IURP %DJR
Police Force said, We
are still investigating the
case. Right now we found
evidence of money fraud
and the suspect has been
suspended from his duty.
The investigation of U
Maung Maung Than has
started because police

received an anonymous
complaint. Anyone can
report a corruption case
to police stations, special investigation departments or anti-corruption
commissions.
Public attorney U Myint
Kyi said, Government
should be transparent on
dealing with corruption
issues. Also government
VKRXOGSXQLVKWKHRHQGHUVHHFWLYHO\
Although government
is organising an anti-corruption commission to
VZLIWO\ QLVK WKH FRUUXStion cases, many cases are
still hanging on.
Myanmar Summary
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taumifhwGif aiGusyfodef;aygif;
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&mxl;rS &yfpJvdkufaMumif; yJcl;
wdik ;f a'oBu;D &JwyfzUJG rSL;Hk;rS od&
onf/
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twGif;a&;rSL;OD;armifarmifoef;
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ap taxmuftxm;cdkifvHkpGm
jzifh today;wdkifMum;EkdifaMumif;
od&onf/
REGIONAL BIZ
13

mmbiztoday.com
India Eyes Bankruptcy Reform

to Ease Decades of Gridlock
Clara FerreiraMarques &
Devidutta Tripathy
group of government-appointed
advisors has
recommended sweeping
changes to India's outdated and overburdened
bankruptcy system,
aiming to modernise a
process that takes several
years and costs investors
and taxpayers billions.
The changes would
be the most ambitious
overhaul to date of rules
governing the liquidation
or revival of companies in
India, a country with no
single bankruptcy code
and where competing
laws, unclear jurisdictions and inadequate
resources can leave cases
languishing for decades.
The proposals will
impose deadlines for the
UVWWLPHDQGHVWDEOLVK
a network of insolvency
professionals to lighten
courts' workload and
tackle delays, TK Viswanathan, chairman of the
Bankruptcy Law Reform
Committee, told Reuters.
Under current rules,
even deciding whether to
save or liquidate an ailing
company can take years,
leaving it in the hands of
managers who can - and
do - strip assets with
impunity. Under the proposed changes, a decision
would have to be reached
in 180 days - even 90
days for fast-track applications, Viswanathan
said.
Cases such as the protracted collapse of liquor
tycoon Vijay Mallya's
.LQJVKHU$LUOLQHHPSLUH
have burnt investors. The
airline was grounded in
2012 with some $1.5 billion in debt and its shares
are now worthless, but
creditor banks seized his
former Mumbai head-
quarters only this year.

The fate of his Goan villa
is stuck in a prolonged
court tussle.
India ranks 130 out of
189 in the World Bank's
Ease of Doing Business
report, below Lesotho
and Cameroon, not
least because of its poor
performance in resolving
insolvency.
Troubled companies in
India, or their creditors,
ODUJHO\WXUQWRWKH2FLDO
Liquidator, a governPHQWDSSRLQWHGRFHU
attached to the country's
high courts, who administers assets and oversees
liquidation.
Banks can also turn to
separate Debts Recovery
Tribunals (DRT), partly
VWDHGE\RFLDOVRQ
assignment from the
banks themselves and
overseen by the Ministry
of Finance.
Both are overstretched;
RQYLVLWVWRWKHLURFHVLQ
,QGLD
VQDQFLDOFDSLWDO
Mumbai, computers were
RIWHQRDQGDOZD\VRXWnumbered by teetering
SLOODUVRIOHV
In the cramped MumEDLRFHRIWKH'57D
tribunal considered far
speedier than the courts,
a Ministry of Finance
letter on the notice board
XUJHGRFLDOVWRPRYH
faster, as cases were "in
many cases taking more
than four years". Inside,
RFLDOVFRPSODLQHGWKH\
had little power to draw
a line under languishing
cases.
"They are all dead horses," said one, gesturing to
the day's case list. "They
are never going to run
any races, but you have to
keep the dead stock."
Proposed changes will
VFUDSWKH2FLDO/LTuidator and introduce
a system of registered
insolvency practitioners, with a regulatory
body, working under a

company law tribunal.
Practitioners, lawyers
and drafters of the law
hope it will professionalise the process, committee members said.
The changes, which
would probably go to parliament next year, must
UVWRYHUFRPHDPLQGVHW
that is geared to avoiding,
not hastening, failure.
They also need to provide the means to speed
it up, through initiatives
to take courts online and
generate a corps of insolvency practitioners.
"The law can give the
principles, but it requires
enabling infrastructure
for it to be implemented
HHFWLYHO\VDLG'HEDQshu Mukherjee, of the
Vidhi Centre for Legal
Policy, a think-tank that
advised the committee.
(YHQDQHFLHQWMXGJH
cannot work without a
support system." Reuters
Myanmar Summary
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yif tcsdefMumjrifhwwfonf/
REGIONAL BIZ
14

mmbiztoday.com
Asias Factories Struggle

with Global Demand Gulf
Wayne Cole
stimulus has been slower

WRWDNHHHFWWKDQLQWKH
past.
China's woes are being
felt among its neighbours. South Korea's
exports slumped the most
in more than six years in
October, with hefty drops
in shipments to China,
the United States and
Europe.
The Nikkei/Markit PMI
for South Korea ticked
down to 49.1 in October,
and has not been above
50 since February.
6RXWK.RUHDLVWKHUVW
major exporting economy
to report monthly trade
data and is home to
global suppliers such
as Samsung Electronics, Hyundai Motor and
Hyundai Heavy Industries.
The only promising
news came from Japan
where the Markit/Nikkei
PMI hit the highest in a
year at 52.4.
Yet its economy remains at risk of recession
and markets are wagering
the Bank of Japan will

have to expand its assetbuying campaign further
in the next few months.
The European Central
%DQNKDVDOUHDG\DJJHG
the likelihood of more
easing when it meets
in December, putting
pressure on other major
central banks to follow
suit or see their currencies appreciate. Reuters
Myanmar Summary
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vkyif ef;u@rSm atmufwb
dk mv
China Daily/Reuters
ctivity in China's
colossal factory
sector shrank in
October as global demand
stuttered, reinforcing the
case for more stimulus
and questioning whether
the Federal Reserve can
EHFRQGHQWHQRXJKWR
raise US interest rates
this year.
A crop of industry
surveys out last Monday
pointed to another poor
month for trade across
Asia as activity contracted in South Korea,
Taiwan and Malaysia.
Only Japan showed any
hint of growth, perhaps
thanks to the persistent
weakness of the yen.
The run of pedestrian
results will focus attention on the US Intitute
for Supply Management (ISM) measure of
manufacturing which is
IRUHFDVWWRKDYHDWOLQHG
in October.
Indeed, analysts at Barclays see a risk the PMI
could fall under 50.0 for
WKHUVWWLPHVLQFH
"A negative reading on
the ISM would be consistent with our view of
continued headwinds facing the US manufacturing
sector from a strong dollar, weak foreign demand
and lower energy prices,"
they said in a note.
"We think that soft US

LQDWLRQDQGRQJRLQJ
turbulence in emerging
markets will keep the Fed
on hold this year."
The US central bank
surprised markets last
month by downplaying
global growth worries
while opening the door
wide to a rate hike in
December.
Those optimists looking
for signs of revival in Asia
found slim pickings in
the latest data.
Activity in China's
manufacturing sector
unexpectedly contracted
in October for a third
straight month, accordLQJWRWKHRFLDOVXUYH\
out on Sunday.
The Purchasing Managers' Index (PMI) held at
49.8 in October, missing
market hopes for a breakeven 50.0 reading, while
new export orders shrank
for the 13th month.
That was followed by
the Caixin/Markit China
PMI which focuses on
small and mid-sized
companies. It edged up
to 48.3 in October, from
47.2, but still pointed to
an eighth month of contraction.
Beijing has rolled out
a raft of support steps
to avert a sharper slowdown, including slashing
interest rates six times
since November, but the
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avQmhcsay;cJhonf/
An employee operates a machine as she works along a production line of a factory producing solar energy products in Shangrao, Jiangxi
province, China.
Over 40pc of Chinas Online Sales

Counterfeit, Shoddy
Wayne Cole
Mal Langsdon/Reuters
ore than 40
percent of goods
sold online in
China last year were

either counterfeits or of
EDGTXDOLW\WKHRFLDO
Xinhua news agency said,
illustrating the extent of a
A lock icon, signifying an encrypted Internet connection, is seen on

an Internet Explorer browser in a photo illustration in Paris.
problem that has bogged

down the fast-growing
online sector.
According to the report,
which was delivered to
China's top lawmakers
on Monday, just under
59 percent of items sold
online last year were
"genuine or of good quality", Xinhua said.
China has been tryLQJWRVKDNHRDQRtoriety for pirated and
counterfeit goods, long
a major headache for
global brands targeting
the Chinese market from
iPhone maker Apple Inc
to luxury retailer LVMH.
Chinese e-commerce giant Alibaba Group Holding Ltd has been lobbying
WRVWD\RD86EODFNOLVW
for fakes after coming
under renewed pressure
this year over suspected
counterfeits sold on its
shopping platforms.
The report called for
"accelerated legislation in
e-commerce, improved
VXSHUYLVLRQDQGFODULFDtion of consumers' rights
and sellers' responsibilities". It added these were
needed due to the rapid
emergence of online
sales, which grew 40
percent last year to 2.8
trillion yuan ($441.84

billion).
China wants to boost
protection for consumers
online, where there is still
a lot of uncertainty about
how consumers can claim
compensation or hold online vendors to account.
The report added customer complaints about
online orders hit 77,800
last year, a steep jump
of 356.6 percent against
2013.
Reuters
Myanmar Summary
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15
REGIONAL BIZ

mmbiztoday.com
H&M, Global Union Team Up to Teach Labour

Relations at Suppliers
Focus would initially be on Bangladesh, Cambodia, Myanmar and Turkey
Anna Ringstrom
case a supplier doesnt

want to well have to
discuss what relation we
will have with them in
future.
In a separate development, Indian and Bangladeshi unions were on last
Tuesday due to present
demands to Inditexs
Zara in Germany, including that the company
ensure that workers at
suppliers have the right
to organise.
Germanys Verdi union,
which coordinated the ac-
tion, said in a statement

that 19-hour working
days, unsafe factories
and low wages were part
of every-day exploitation in the global textile
industry. Multinational
clothing companies must
bear the responsibility for
such conditions, Verdi
said.
Inditex, which unlike
+ 0SURGXFHVLWVFORWKHV
itself, the bulk of it in
Spain, was not immediately available for comment.
Seen by many as
relatively active on social
VXVWDLQDELOLW\ZRUN+ 0
was an early signatory of
the Accord on Fire and
Building Safety in Bangladesh, a Western clothing brands and organisations initiative launched
after the 2013 Rana Plaza
building collapse that
killed more than 1,100
workers.
+ 0KDVDOVREHHQ
said to do too little. Last
month Clean Clothes
Campaign and three
other groups said it was

dramatically behind in
correcting dangers at
Bangladeshi suppliers.
+ 0VDLGLWGLGQWUHFRJnise itself in the description.
Reuters
Myanmar Summary
People walk past the window of a H&M store in Paris, France.
zuf&Sifvkyfief; Hennes &

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azmufonfrsm;ESifh qufqH
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Edkif&eftwGuf Global Union
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rnf[k od&onf/
Mauritz
Regis Duvignau/Reuters
ashion retailer
+HQQHV 0DXULW]
said it had agreed
with IndustriALL Global
Union to jointly train
its direct suppliers and
their workers in how to
improve relations and
dialogue between social
partners.
The Asian garment
industry has been shaken
by labour unrest over low
wages and poor working
conditions, such as pay
protests in Cambodia last
year in which police shot
dead several workers.
+ 0EDVHGLQ6ZHGHQ
where collective bargaining and talks between
employers, employees
and unions play a big role
in wage-setting, sources
mainly in Asian low-cost
countries.
+ 0VXVWDLQDELOLW\
chief Anna Gedda said
+ 0DQGWKHXQLRQ
association would train
managements and workers in negotiating wages
and working conditions,
and promote collective
agreements and freedom
of association.
They would also train
the parties in how to
VROYHFRQLFWVDQGRHU
advise and support in
VROYLQJFRQLFWVVKHVDLG
We want to achieve
functioning labour
market relations in these
countries, like in Sweden. Workers should be

able to negotiate salaries,
VROYHFRQLFWVSHDFHIXOO\
and organise themselves
in unions, she said.
Gedda said focus would
initially be on Bangladesh, Cambodia, Myanmar and Turkey and
+ 0VDURXQGGLUHFW
suppliers in the four
countries would start
receive training 2016.
We will demand that
suppliers take part in the
training, Gedda said. In
Thai WHA to Invest $902m on Expansion in

Next Five Years
Aims to tap markets in Vietnam, Myanmar and Cambodia
Khettiya Jittapong &
Wirat Buranakanokthanasan
hailands leading
warehouse developer WHA Corp
said it planned to invest
more than 32 billion baht
($902 million) over the
QH[WYH\HDUVH[SDQGLQJ
its business at home and
across Southeast Asia.
WHA, the market leader in building bespoke
warehouses for lease,
has already invested in
Indonesia and aims to
tap markets in Vietnam,

Myanmar and Cambodia,
newly-appointed Chief
([HFXWLYH2FHU-DUHHporn Jarukornsakul told
Reuters.
We plan to invest
about 6.5 billion baht a
year, she said, adding
WHA aimed to become
the one-stop service provider as a fully-integrated
industrial estate and logistic facilities developer.
WHA is restructuring
after an acquisition of
industrial land developer
Hemaraj Land and Devel-
opment Plc was completed earlier this year,

while shares in Hemaraj
will be delisted from the
Thai bourse in February,
Jareeporn said.
The company will focus
on four core businesses
including warehouse and
distribution centres, industrial land development,
utility and digital data
centre services, she said.
WHA also plans to spin
RLWVXWLOLW\DQGHQHUJ\
business and sell about
25-30 percent of the
shares in an initial public
RHULQJLQWKHVHFRQG
half of 2016, Jareeporn
said.
The company will
focus more on renewable
energy, especially solar
rooftop and waste-to-energy business. WHA has
a combined capacity of 2
million square metres of
roof area which can generate up to 200 megawatt
of electricity per annum,
she said.
WHA, valued on the
stock market at $1.23
billion, targets revenue
of 18.7 billion baht by
2019, up from more than

10 billion baht estimated
this year, mainly from
asset sales to real estate
investment trusts (REITs) and other business,
Jareeporn said.
The companys gearing ratio rose to 3 times
after it took loans out
WRQDQFHWKH+HPDUDM
Land acquisition. The
ratio is expected to drop
to 1.9 times in the fourth
quarter of 2015 and to
0.95 times in the fourth
quarter of 2016.
Reuters
Myanmar Summary
xdkif;EdkifiH\ xdyfwef;
ukefavSmifHk aqmufvkyfa&;
vkyfief; WHA aumfydka&;
6LIRQI }LIZGN<?YN\ILHI
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onf[k od&onf/
INTERNATIONAL BIZ
16

mmbiztoday.com
Cuba Signs Deal with Sprint,

Says It Is Open for More Business
Daniel Trotta &
Jaime Hamre
United States.
In a historic breakthrough on Dec. 17, the
former Cold War foes
vowed to normalize relations, although the US
trade embargo on Cuba
remains in place.
Cuba's critics denounce
the fair as hype, noting
that all business deals
must go through the
Mike Blake/Reuters
uba signed a roaming agreement with

US telecom Sprint
&RUSGXULQJLWVUVW
annual trade fair since
rapprochement with the
United States and told
600 companies from 70
countries at that it was
eager for more business.

The Havana International Fair (FIHAV)
promotes Cuba's changing business climate
and seeks badly needed
foreign investment. Last
year's event championed
a new tax-cutting foreign
investment law, while
this year's boasted of
improved ties with the
The logo of US mobile network operator Sprint Corp is seen at a Sprint store in San Marcos, California.
communist government
or one of its tightly controlled state companies.
Cuba acknowledged the
central role of the state
but also plugged its growing private sector, mostly
farm cooperatives and
small businesses so far.
"We are continuing
to create the conditions
for separating state and
business functions and
to improve the role that
should be played by socialist state enterprises...,
JXDUDQWHHLQJPRUHH[ible functioning," Foreign
Trade Minister Rodrigo
Malmierca told the opening ceremony.
Sprint, one of about 30
U.S. companies attending, has taken advantage
of the limited commercial
RSHQLQJDRUGHGE\86
President Barack Obama,
who has chipped away at
the embargo and created
EU Regulators Look to LNG and

Away from Russian Pipelines
Barbara Lewis
uropean Union
regulators are preparing a strategy
WRLPSRUWPRUHOLTXHHG
natural gas (LNG) while
scrutinising Russia's
plans to expand its pipeline capacity to Germany,
a draft EU document
says.
The document is part of
the European CommisVLRQ
VHRUWVWRHQIRUFH
a single energy market,
based on regional cooperation and diverse sources
of energy shared across
the 28-member bloc.
In a progress report
later this month, Maros
Sefcovic, European Commission vice president

responsible for energy
union, will deliver "a
state of the union address".
A draft copy, seen by
Reuters, says the Commission will early next
year announce a strategy
for LNG and gas storage to ensure the EU can
EHQHWIXOO\IURPLWVGLYHUVLFDWLRQSRWHQWLDO
It will stress the importance of the fuel in negotiations with the United
States on a trade treaty.
At the same time, it referred to a shareholders'
agreement between Russian gas giant Gazprom
DQGYH(XURSHDQUPV
to build the Nord Stream
II pipeline under the
Baltic Sea to Germany,
bypassing traditional
transit nation Ukraine.
The Commission would
assess it "rigorously
against the European
regulatory framework,"
it said, and the project
would have to comply with environment,
competition and public
procurement rules.
The document also
said it was in everyone's
interest that Ukraine
remained an important
transit nation.
The Commission has
questioned the logic of
expanding Nord Stream

and said it would give
Gazprom a dominant
position in the German
market.
It says the European
Union already has pipeline capacity to spare and
the expansion will not be
eligible for preferential
treatment under its Projects of Common Interest
V\VWHPWKDWRHUV(8
money and accelerated
planning for strategic
infrastructure.
Industry sources say
Russian pipeline gas is
the cheapest option, but
LNG can provide leverage. Lithuania's Klaipeda
terminal, which started
a telecommunications
exemption.
"We signed this agreement in record time,"
Sprint Chief Executive
Marcelo Claure told
reporters, saying he was
"blown away" with how
fast the Cuban government negotiated the deal.
"They were a pleasure
to work with. Like with
anybody else, there were
tense moments. We
would like to pay a lower
rate. But it's a start,"
Claure said.
American companies
will lag behind those
from Cuba's strategic
partners Venezuela,
China and Russia. Spain
also has enjoyed a long
business relationship
with Cuba and has the
largest presence at the
fair with 150 companies.
"We're not afraid of
competition," said Jose
operating a year ago,
curbed the nation's dependency on Russia and
allowed it to negotiate
cheaper supplies.
Assessing the energy
union as a whole, the
report will say progress is
needed as many governments favour domestic
needs over the regional
solutions the Commission says improve supply
security and reduce consumers' energy costs.
Countries that have
failed to meet targets for
building energy interconnectors with neighbours
include Britain, Italy, Poland, Spain and Portugal.
Britain, together with
the Netherlands and Luxembourg, is also lagging
on a target to introduce
more renewable energy.
The European Commission does not comment on unpublished
Manuel Soria, Spain's

minister of industry,
energy, and tourism.
"We think that the more
countries that come, the
better."
Reuters
Myanmar Summary
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a&;vkyfief; Sprint Corp
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rsm; jrifhwif&ef pdwftm;
xufoefaMumif; ajymMum;cJh
onf/
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onf usL;bm;\ ajymif;vJvm
aom pD;yGm;a&;ywf0ef;usifukd
jrifhwifazmfxkwfay;um
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wGif tcGefavQmhaygYrIrsm; yg0if
aom EkdifiHjcm;&if;ESD;jrKyfEHSrI
Oya'ukd csjycJhum ,ckESpfwGif
tar&duefjynfaxmifpkESifh
qufqHa&; jrifhwifEkdifcJhonf/
documents. Environment
campaigners criticised it
for focusing too much on
gas, while the Commission says it wants to cut
reliance on fossil fuel.
Reuters
Myanmar Summary
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rnfh r[mAsK[mwpfckudk
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aps;uGufwpfckazmfaqmifEdkif&ef
BudK;yrf;rIwpfckjzpfonf/
INTERNATIONAL BIZ
17

mmbiztoday.com
US Govt Investigates Covert

Chinese Radio Network
John Shiffman &
Koh Gui Qing
he US Federal
Communications
Commission and
the Justice Department are investigating
D&DOLIRUQLDUPZKRVH
US radio broadcasts are
backed by a subsidiary of
the Chinese government,
RFLDOVVDLG
Both investigations
come in response to a
Reuters report published
last Monday that revealed
the existence of the covert
radio network, which
broadcasts in more than
a dozen American cities,
including Washington,
Philadelphia, Boston,
Houston and San Francisco.
"Based on reports, the
FCC will initiate an inquiry
into the facts surrounding the foreign ownership
issues raised in the stories,
including whether the
Commissions statutory
foreign ownership rules
have been violated," FCC
spokesman Neil Grace
said.
7KH&DOLIRUQLDUPLV
owned by James Su, a
naturalized US citizen
born in Shanghai. Reuters reported last Monday
WKDW6XVFRPSDQ\* (
Studio Inc, is 60 percent
owned by a subsidiary of
Chinese state-run radio
broadcaster China Radio
International (CRI).
The FCC doesn't restrict
content on U.S. radio
stations, except for rules
covering indecency,
political advertising and
childrens programming.
But under US law, the
FCC prohibits foreign
governments or their representatives from holding
a radio license for a US
broadcast station. Foreign individuals, governments and corporations
are permitted to hold up
to 20 percent ownership
directly in a station and
up to 25 percent in the
US parent corporation of
a station.
* (GRHVQRWRZQDQ\
US stations, but it leases
two 50,000-watt stations: WCRW in Washington for more than
$720,000 a year, and
WNWR in Philadelphia
for more than $600,000
a year.
7KURXJKDGLHUHQWVHW
of limited liability companies, Su owns, co-owns
or leases virtually all
the air time on at least a
dozen other US stations.
7KRVHVWDWLRQVFDUU\* (
content, which is produced largely by his West
Covina, California studios
or by state-run CRI in
Beijing.
The news programming
on these CRI-backed
stations sticks closely to
the Chinese government
line on a host of issues,
including the current

PLOLWDU\VWDQGRLQWKH
South China Sea between
China and the United
States.
US law also requires
anyone inside the United
6WDWHVVHHNLQJWRLQXence American policy or
public opinion on behalf
of a foreign government
or group to register with
the Justice Department.
Public records show that
neither Su nor his companies are registered as
foreign agents under the
law, called the Foreign
Agents Registration Act,
or FARA.
A US law enforcement
RFLDOVDLGWKH-XVWLFH
Department probe began
last month, after Reuters
approached the FBI and
prosecutors with questions about Su's California-based operation. Last
month, after receiving
inquiries from Reuters,
Sus companies deleted
two web pages that showcased the relationship

EHWZHHQKLVUPVDQG
CRI.
"We are aware of the
media reports and can
QHLWKHUFRQUPQRUGHQ\
an ongoing review or investigation into the matter," said Marc Raimondi,
a Justice Department
spokesman. "We are
committed to continuing to use the full range
of tools and authorities under the Foreign
Agents Registration Act
to ensure proper foreign
UHJLVWUDWLRQDQGOLQJV
Su's network of CRIbacked stations in the
United States is one
of three international
networks with hidGHQQDQFLDOWLHVWRWKH
Chinese broadcaster.
5HXWHUVLGHQWLHGVLPLODU
networks in Europe and
LQWKH$VLD3DFLFUHJLRQ
Reporters found that
there at least 33 radio
stations in 14 countries in
CRI's global network.
Reuters
Myanmar Summary
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qufo,
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ESifh w&m;a&;XmewkdYonf
wkwftpkd;&ykdifvkyfief;wpfck
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tar&duefjynfwGif;wGif
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taMumif; kdufwmowif;Xme
u owif;a&;om;azmfxkwf
vkdufNyD;aemuf txufyg
pHkprf;ppfaq;rIrsm; ay:ayguf
vmjcif;jzpfonf/
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toHvTifhXmersm;\ taMumif;
t&ma&G;cs,rf yI idk f;ukd rueYo
f wf
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UVPRNG<U>NZI}LIZNG<?
ukd,fpm;vS,frsm;u tar&duef
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cGifhvkdifpifykdifqkdifEkdifjcif;
r&Sd&ef ydwfyifxm;onf/
INVESTMENT & FINANCE
18

mmbiztoday.com
Thai Thonburi Hospital Group Plans to List

Shares in 2016
Plans to raise $225 million for expansion in China and Myanmar
Viparat Jantraprap &
Wirat Buranakanokthanasan
hailands Thonburi
Hospital Group is
planning to raise
about 8 billion baht ($225
million) in an initial pubOLFRHULQJQH[W\HDUWKDW
could make it the thirdlargest listed healthcare
stock in Thailand, the
groups chairman said.
Thonburi has two general hospitals in Bangkok
and in the past 10 years
has expanded into China.
It is seeking to expand in
Southeast Asia.
Thonburis listing plans
comes amid a boom in
the Thai healthcare industry, where merger and
acquisition activity have
boosted stock valuations
to nearly triple the forward earnings multiple
for the benchmark Thai
stock index, according to
Thomson Reuters data.
The hospital group
plans to list in the fourth
quarter next year, chairman and founder Boon
Vanasin told Reuters.
The cash will mostly
fund domestic expansion,
and the remainder will go

to expansion in China and
Myanmar, Boon said.
The group had originally
planned to list its shares to
raise capital last year but
reduced its fundraising target after getting favourable
loan terms for investments
in China and Myanmar,
Boon said. Thonburi had
initially aimed to raise 10
billion baht.
The Thai healthcare is
still a rising sector but its
too crowded now. We see
better growth in neighbouring markets like
China and Myanmar, he
said.
If you look over the
past two years, growth in
patients from Myanmar
in terms of visits was very
strong. The healthcare
demand is very promising
there, he said.
The hospital signed a
memorandum of understanding in 2014 with
property group Aung Shwe
Thee International in Myanmar to jointly build a
private hospital there.
Healthcare shares in
Thailand trade on an average forward earnings
multiple of around 40.9,
above the broader markets 15.2 average.

The preliminary valuation of Thonburi would
give it a valuation at
around 35 times earnings,
Boon said.
Shares of Bangkok
Dusit Medical Service Plc,
WKH ELJJHVW KRVSLWDO UP
by market capitalisation,
trade on about 38.6 times
forward earnings, with
second ranked Bumrungrad Hospital Plc trading
on a multiple of around
45.2 times earnings, according to Thomson Reuters data.
Reuters
Japanese Companies Remain More Keen

to Invest in ASEAN Than China
Nichola Saminather
Cooled China interest

Growth is slowing in
Southeast Asian countries
dependent on commodities, but the Organisation
for Economic Co-operation and Development
forecasts average annual
growth of 5.6 percent between 2015 and 2019. It
sees Japanese growth at
just 0.75 percent this year
and 1.5 percent next year.
Almost 75 percent of
respondents in a JETRO
survey of about 3,000
UPV WKLV \HDU VDLG WKH\
plan to expand in ASEAN,
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in infrastructure investment until 2022, KPMG
said last year.
In May, the Japanese
government said it would
provide $110 billion in aid
for Asian infrastructure
projects, including roads
DQG UDLOZD\V RYHU YH
years.
But Tokyo lost out to
Beijing in one competition, as Indonesia in September picked China to
EXLOG LWV UVW IDVWWUDLQ
UDLOOLQNEHFDXVHLWRHUHG
$5 billion in loans without asking for guarantees.
Reuters
Myanmar Summary
Samrang Pring/Reuters
apanese companies
have shown a big
and varied appetite
for Southeast Asia this
year, buying control of
Myanmars dominant beer
maker, a Singapore logistics company and part of
D PDMRU FRPPRGLWLHV UP
based in the region.
Indonesias food and
beverage sector, Thai conVXPHUQDQFHFRPSDQLHV
as well as shopping malls
and Malaysian property are also in Japanese
UPVVLJKWVDFFRUGLQJWR
Nomura.
Companies from Japan,
whose interest in places
outside China dimmed
during decades of heavy
spending there, continue
to have ardour for Southeast Asia as they seek to
RVHW DQDHPLF GRPHVWLF
growth. And they are tapping record cash piles to
increase investments in it.
For the three years ended 2014, Japan was the
second biggest foreign
investor in the 10 members of the Association of
Southeast Asian Nations
(ASEAN), after the European Union, data from
the ASEAN Secretariat
shows.
,Q-DSDQHVHUPV
put three times as much
investment into ASEAN
as they did into China, according to the Japanese
External Trade Organisation (JETRO).

,Q WKH UVW KDOI RI WKLV
year, interest in Southeast
Asia again topped China.
Japanese investment in
ASEAN was $10 billion,
from $8.4 billion a year
earlier, and the region accounted for 15.7 percent
of Japanese FDI. China
drew $4.8 billion, or 7.4
percent of the total.
$6($1 MXVW WV WKH
best for Japan, said Mixo
Das, equity strategist at
Nomura in Singapore.
The political relationships are better, growth is
there, proximity is there.
Japan is the biggest
source of foreign capital
for Thailand and Indonesia, and the second largest for the Philippines and
Malaysia, according to
PricewaterhouseCoopers.
Myanmar Summary
A woman works at a Japanese-owned factory at the Phnom Penh Special Economic Zone (PPSEZ), on the
outskirts of Phnom Penh.
versus 56.5 percent for

China and 31.3 percent
for the United States.
Consumer spending in
the region in 2020 is expected to be 45 percent
higher than in 2013, consultancy IHS Global Insight says.
Chinese
consumer
spending will too, of
course, but other factors,
including rising factory
wages and political tension between Beijing and
Tokyo, have cooled JapaQHVHLQRZV
Tensions with China
have also resulted in
a shift in Japanese FDI
away from China towards
ASEAN, said Rajiv BisZDV $VLD3DFLF FKLHI
economist at IHS.
In Japan, companies
are sitting on a record 243
trillion yen ($2 trillion)
of cash and deposits, so
they have ample scope for
DFTXLVLWLRQVWROLIWWKHLUnancial performance.
In the biggest Japanese
investment in ASEAN so
far this year, freight carrier Kintetsu World Express bought Singapores
APL Logistics from its
parent, Neptune Orient
Lines , for $1.2 billion.
Lifting the stakes
Mitsubishi Corp, in the
second biggest deal, paid
$1.1 billion for 20 percent
of Singapore-listed Olam
International, an agritrader hurt by the global
commodities slump.
In the third biggest, Kirin Holdings purchased

55 percent of Myanmar
Brewery from Fraser and
Neave Ltd. for $560 million.
In some other transactions, looser ownership
rules in some ASEAN
countries have let JapaQHVHUPVLQFUHDVHWKHLU
stakes progressively, said
Jalil Rasheed, investment
director at asset managePHQWUP,QYHVFRLQ6LQgapore
Separate from direct investments in businesses
in ASEAN, Japanese companies are hoping to win
contracts to help build
infrastructure projects.
ASEAN needs to spend
about $60 billion a year
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19

mmbiztoday.com
0DUVK2SHQV0\DQPDU5HS2FHWR
Tap Insurance Broking Business
Ei Thandar Tun
South said, In recent

years, Myanmar has experienced rapid economic
development and progress, and ushered in an
era of prosperity. It has
VHHQ D VWHDG\ LQRZ RI
foreign direct investment,
and many multi-national
corporations have staked
their interests in the
country.
These trends look set
to continue, making this
an exciting time for Myanmar and its people, and
Marsh is delighted to be
part of the journey and be
an active contributor to
Myanmars transformation.
South added: We believe that we are well-positioned to play our role
in further stimulating the
economy and enabling
businesses to leverage on
our extensive experience
and network to manage
their risks, and achieve
operational
excellence
and business success.
Myanmar Summary
Marsh
merican
insurance broking and
risk management
UP0DUVKKDVRSHQHGLWV
Yangon representative ofFHLQ0\DQPDU
The Marsh Singapore
Yangon Representative
2FH ZLOO FRQGXFW PDUket research and feasibility studies for insurance
broking business in Myanmar, and provide business support and liaison
activities on behalf of
Marsh Singapores businesses, the company said.
Marsh Singapore is a
division of Marsh, a wholly owned subsidiary of
0DUVK 0F/HQQDQ&RPpanies, a Chicago-based
SURIHVVLRQDO VHUYLFHV UP
ZKLFK RHUV DGYLFH DQG
solutions in the areas of
risk, strategy and people.
0DUVK 0F/HQQDQ&RPpanies employs 57,000
people worldwide and its
annual revenue exceeds
$13 billion.
Jerry Westmore, chief

country representative,
Marsh Singapore Yangon
5HSUHVHQWDWLYH
2FH
said, Myanmar has great
potential. In the past
three years working in the
country, I have met with
some amazing individuals
and companies.
We are keen to help develop and grow local talent in our business, and
we are looking forward to
working in this beautiful
country, and being a part
of its growth story.
7KH RFH RSHQLQJ FHUemony was attended by
Dr Maung Maung Thein,
GHSXW\ PLQLVWHU IRU nance, Martin South,
FKLHI H[HFXWLYH RFHU
0DUVK $VLD3DFLF 8
Myint Oo, deputy director
general, Ministry of Finance, Derek Mitchell, US
ambassador to Myanmar,
Andrew Patrick, British
ambassador to Myanmar,
and Robert Chua, ambassador of Singapore to Myanmar.
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20

mmbiztoday.com
Brent Lewin/Bloomberg
Back-Alley Computer Geeks

Are Hidden Winners of Myanmar Election
<H0\DW0LQFKLHIH[HFXWLYHRIFHURI1H[
Chris Blake
ing party will try to pass

bills set aside during the
60-day campaign period,
including updated companies and investment
laws, according to Eurasia
Group Myanmar specialist Christian Lewis.
Whoever becomes the
government, its important just to improve the
economy, says Khin
Shwe, founder of conVWUXFWLRQ UP =D\NDEDU
Co and an upper-house
lawmaker for the military-backed government.
The company, which has
a caged bear by the gate to
KLVRFHVRQWKHRXWVNLUWV
of Yangon, is one that
remains on the US sanctions list.
Some of the issues Myanmar faces are new to the
society, such as soaring
real estate prices. Others
are recognisable in developing countries around
the world that have been
starved of investment:
poor infrastructure, skills
shortages, corruption and
opaque regulations.
Foremost for businesses, whoever wins the
election, is to continue to
hack away at the bureauFUDF\ DQG VWLLQJ OHJLVODtion that plagued investment for so long, says
Aye Lwin, joint secretarygeneral of the Union of
Myanmar Federation of
Chambers of Commerce
and Industry.
So many complicated
procedures, so much taxation, so much corruption, he says, comparing
doing business in Myanmar to a potato-sack race
where everybody falls
down before they reach
We do see investors
being on the sidelines
waiting for clearer signs
of the future, he says.
When we see a successful
and transparent and free
election being conducted,
I think that will give comfort to investors.
Still, he cautions against
the euphoria and hype
that came immediately
after Myanmars re-opening. Nearby Vietnam began opening its country
in the 1980s and even after more than three decades its economy is still
half the size of Thailand,
which has fewer people.
Lets be realistic, were
not going to become
%DQJNRNLQYH\HDUV
Pun says. The opportunities in Myanmar are very
large, but you have to look
far enough.
For Ye Myat Min and
his coworkers at Nex, the
election just means more
business they developed an app for organisations monitoring the vote
that reports incidents and
fraud at polling stations.
In an industrial-chic
space more in tune with
a Chelsea design studio
than a Yangon alley, a
small slice of the countrys younger generation
are busy tapping at laptops on large communal
tables, under signs urging
them to Innovate and
Dance Like Crazy.
We have a lot of foreign companies coming
here. Thats great, said
Ye Myat Min, who started
the company 2 1/2 years
ago with seed money
from an Australian angel
investor. But what I re-
ally hope to see within the

QH[W WKUHH YH \HDUV LV D
local Myanmar company expanding into other
countries and making a
name for themselves.
Bloomberg
Myanmar Summary
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n a run-down building
on a trash-strewn side
street of oily vehicle
repair shops and steamy
noodle vendors, a group
of 20-something software
geeks are hunched over
laptops in a white and red
RSHQSODQ RFH ZRUNLQJ
on projects for everything
from a private-jet operator to a mobile-phone network.
This is Yangon, where
old and new arent so
much juxtaposed as living
on top of each other.
Theres just enormous,
enormous amounts of opportunities here, says Ye
Myat Min, the 25-yearROG FKLHI H[HFXWLYH RFHU
of Nex, whose clients also
include the state postal
service. Were in a very
unique situation where
we dont really need to
think about competition
DWUVWEHFDXVHWKHUHLVVR
much demand.
Those
opportunities
have blossomed in Myanmar in the past four
years as economic sanctions eased after the military government agreed
to end direct rule. Just as
in China and Vietnam before it, the end of isolation
brought an economic dividend, with 8 percent-plus
annual growth spawning
a property boom, trafF MDPV DQG WKH WHOOWDOH
patchwork development
of urban transformation.
Executives like Ye Myat
0LQDUHFRQGHQWWKDWWKH
sheer breadth of opportunity will keep the boom
going.
We really have been
frozen in time for 50-odd

years, says Melvyn Pun,
CEO of Yoma Strategic
Holdings, a conglomerate invested in everything
from real estate to MyanPDUV UVW .)& IDVWIRRG
outlet. The potential is
very clear. I think were
living through a golden
period.
Foreign direct investment jumped 10-fold between 2009 and 2014 to
$4.1 billion. During that
time, the junta transferred power to a militarybacked political arm in a
HOHFWLRQLQDQHRUW
to remove the crippling
economic sanctions. That
poll was boycotted by the
main opposition party of
Nobel laureate Aung San
Suu Kyi.
While some fear that a
shift in power, or a fragmented parliament with
no clear mandate, would
be disruptive for business, Pun says the will to
modernise the economy
runs across the political
spectrum.
They are all pro-reform, Pun says. Reform
KDV EHHQ EHQHFLDO WR D
large segment of the society, everyone from the
current ruling party to
the opposition party to
the military to the ethnic
groups.
Theres a lot still needed, including a stock exchange and new laws on
investment, mining, intellectual property, condominium
ownership
and arbitration. A postelection session of parliament due to begin just a
week after the ballot, suggests that the current rul-
WKH QLVK OLQH ,W ZDVQW

the international sanctions, we sanctioned ourselves.
Since the previous election in 2010, the government has been trying to
cut the obstacles to business, promising to grant
approvals within a month,
instead of several months.
For mobile network
operator Ooredoo Myanmar, red tape has been
less of a problem than
the countrys archaic infrastructure,
especially
once you leave the main
cities, as it tries to erect
cellphone towers and lay
NLORPHWUHV RI Eer-optic cable across the
country.
In a lot of cases now,
ZH QHHGWR UVWEXLOG WKH
road, says CEO Rene
Meza, whose company
launched its service in
Myanmar last year. Its
an exciting country, an
exciting market. Probably
the really last frontier
market with such potential in the industry.
The biggest fear that
hangs over the hopes of
investors, reformers and
democracy campaigners
is the memory of 1990.
7KDWZDVWKHUVWWLPHWKH
military leaders tried to
reintroduce democracy.
The election was a landslide for Suu Kyis party,
but the junta annulled the
result, plunging the country back into isolation and
sanctions.
Though a repeat of that
is unlikely, the political
uncertainty over the past
year has weighed on investment, Yomas Pun
said.
Melvyn Pun, CEO of Yoma Strategic Holdings.
21

mmbiztoday.com
Busy or Bust: Foreign Investment Hinges

on Election Outcome
So with that, all that
remains to be seen is the
play out of the elections.
The future will be written anew.
David Ross is Myanmar
Business Today's special
correspondent based in
Melbourne.
David Ross
Myanmar Summary
Soe Zeya Tun/Reuters
he 2015 Myanmar
election has had
many on edge.
With ever increasing
foreign investment, the
pre-November period saw
a collective inward breath,
and an exhale following
the inexorable changes of
November 8.
Looking back, foreign
and domestic economic
investment has brought
great change in Myanmar in just the few years
of activity. New buildings
dot Yangon, new business
FRQWLQXH WR RFN WR 0\anmar, and new arrivals
DQG JXUHV FRQWLQXH WR
take great interest in the
Golden Land.
All
these
changes
wouldnt have been possible without the legislative change undertaken
and executed by the parliament. The pre-election
announcements of new
special economic zones
holds a treat for foreign
businesses. The move to
create the zones, in part,
appears to enhance the
continued attractiveness
of Myanmar to the resource extractive sector.
In particular it would be
a boon for the processing
industry, providing diverse employment.
Verity Lomax, CEO of
the Australia-Myanmar
Chamber of Commerce,
Today, Given Myanmars
history, Australian businesses are naturally approaching this emerging
market with some caution.
However, there are a
QXPEHU RI VLJQLFDQW LQvestors involved in infrastructure and resources
for example that are all
long-term investments.
A girl wears National League for Democracy (NLD) stickers on her face as Myanmar pro-democracy leader Aung San Suu Kyi campaigns in her
constituency of Kawhmu township, outside Yangon.
She explained, Boards

have already made investment decisions that indicate that they have clear
aspirations for growth,
which outweighs hesitations to invest.
The rate of change in
the country has been phenomenal with many legal
and structural changes
being made.
The Chamber led a
Working Group which reviewed the proposed mining legislation and resulted in a submission being
made to the government
for their consideration.
Yet a lull has come in
foreign investment, with
many looking to the horizon.
Lomax said, Investors
are excited about the opportunities for growth this
emerging market presents,
and of course are hoping
the outcome will enable
responsible foreign investment to continue to expand through greater stability and certainty.
Australia, like several
other nations, has stepped
up to the plinth, to join in
investing in the opportunities Myanmar presents.
Extractives,
banking,
services, even import-export. Myanmar continues
to be a land of opportunity for the discerning.
&RH\ DQ $XVWUDOLDQ
environmental consulting business, which has
worked extensively with
the state-run Myanma
Oil and Gas Enterprise
has previously pointed
to issues with costly and
drawn out approval processes which have hampered investment. They
also pointed to the difFXOWLHV 0\DQPDU IDFHV
constructing mechanisms
for FDI from virtually the
ground up.
Yet the machinery of
state has paused as the
election rolls on.
Dr Nicholas Farrelly,
director of the Myanmar
Research Centre at the
Australian National University, said the elections
pose both a risk and a great
reward for Myanmar.
Myanmar is likely to
go on and surprise us and
do all sorts of stunning
things, but it will happen
in a context where theres
always the risk it could
go quite badly wrong, he
Today.
The fate of 1990 also
hangs low in the air for
international partners.
Indeed, the US government has warned the future of sanctions against
Myanmar depend on the
integrity of the election
process and transparency
in formation of a new government.

Damien Kingsbury, professor of International
Politics at Deakin University, travelled to Myanmar to act as an independent observer for the
elections.
He told Myanmar Business Today, The elections are fundamental to
the future of the country,
all other pressing issues
hinge on the outcome of
the process.
If the elections are seen
to be free and fair, then
theres a real opportunity
for Myanmar to go down
the reform path, and that
includes political liberalisation as well as economic
development.
Professor Kingsburys
WDNH UHHFWV D FRPPRQO\
held view on the dangers
and opportunities the
election presents.
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22

mmbiztoday.com
Myanmar Vies to Retain Investor Allure

as Golden Land Glow Fades
Michael Peel
Myanmar Summary
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grades in mobile commutqdkyg tpkd;&rS w&m;0if
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cash.
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grade, I would give it a }LIS'U+XGHIZ*LI LI(6'MU.\I(6+ HI
B-plus, he said. The po- um;tpdwftydkif;xkwfvkyfrnfh
litical issues overshadow ukrPD? txnfcsKyfvkyfief;rsm;
most of what happens
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very bullish.
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oreign investment
RZV WR 0\DQPDU
KDYHWDLOHGRVLQFH
a mini-boom just before
the military junta stood
aside, as cooler relations
with China, a tricky business environment and
persistent sanctions drag
on this new commercial
frontier.
While overseas commercial interest is more
consistent and diverse
than before the March
2011 transition, a plunge
in Chinese investment has
not yet been fully matched
by the emergence of Singapore as a gateway to a
state at Asias strategic
crossroads.
The countrys business
story is partly one of tempered ambitions but
also of deal making that
does not necessarily show
XSLQRFLDOJXUHV
We are at the point
where a lot of people are
very negative on Myanmar, said Romain Caillaud, a senior director at
FTI Consulting who focuses on the country. But
some people might have
had bloated expectations
and Myanmar hasnt
fared so badly.
Total foreign direct investment reached just
over $19 billion in the
four years after the quasi-civilian
government
led by Thein Sein, the
president, took power in
March 2011 less than
the $20 billion tallied in
the last 12 months of the
previous regime, accordLQJWRRFLDOJXUHV
Mainland China and
Hong Kong accounted
for more than 70 percent
of that pre-transition bonanza. But that share has
fallen to less than 15 percent in the years since the
Myanmar
government
made its unexpected
and still reverberating
decision in late 2011
to suspend work on the
Beijing-backed Myitsone
dam.
Despite the China fallRKRZHYHUWRWDODQQXDO
foreign direct investment
RZVLQWRWKHFRXQWU\DUH
now in the billions rather than the sub-billion
trickles that preceded the
Sule Pagoda stands in Yangon.
2010-11 rush to get deals

VLJQHG R EHIRUH WKH SRlitical handover. Singapore has become an entry point, accounting for
more than half the foreign
investment both last year
and the half-year to date,
as companies are drawn
to the combination of privacy and the rule of law
WKHFLW\VWDWHRHUV
2FLDO GDWD GR QRW
capture other important
trends such as Japans
rising commercial interest, backed by the countrys development agency
muscle. Dozens of companies have signed up for
the new Tokyo-backed
Thilawa special economic
zone south-east of Yangon, including car parts
makers and garment
manufacturers.
7KH RFLDO QXPEHUV
DOVR IDLO WR UHHFW GHDOV
done by western companies other than those with
a big physical presence
which are dominated
by consumer industries
businesses such as BAT,
Coca-Cola and Heineken.
Retailers such as Gap
DQG+ 0DUHQRZVRXUFing from Myanmar, while
AviaSolutions, a UKEDVHG DGYLVRU\ UP KDV
worked on the relaunch of
the countrys national airline and the opening of its
UVWLQWHUQDWLRQDOURXWHV
But some big obstacles
to operating in Myanmar
persist, including legal
uncertainties,
soaring
property prices in Yangon

and a lack of infrastructure, skilled workers and
reliable power supplies.
Several institutions and
individuals in Myanmar
remain under junta-era
US sanctions, some with
business interests stretching awkwardly wide, from
mining to hotels.
Some investors who
piled in too quickly
around the time of the
2011 transition ended
up getting burnt because
they believed the froth
about the Golden Land
a name commonly used

to promote Myanmar
said one person who
follows business in the
country closely. Myanmar
KDV DOVR VXHUHG ODWHO\
from growing global bearishness about emerging
markets although it did
FRQFOXGH LWV HQHUJ\ HOG
licensing just before the
global oil price plunged
last year.
Thura Soe-Paing, entrepreneur and a director of
SULYDWH HTXLW\ UP *ROGen Rock Capital, said the
business climate had im-
23
PROPERTY & REAL ESTATE

mmbiztoday.com
NEC to Build Public Safety Solutions Suite

for Yangon Property
Moh Moh Kyi
and infrastructure, uniHG

FRPPXQLFDWLRQV
multimedia displays and
smart energy, as well as
the provision of managed
services and contact centre services regionally.
With NECs proven total solutions capabilities
and Shwe Taung Groups
local understanding of
the industry, together, we
DUHFRQGHQWRIDVXFFHVVful implementation of the
project, said Tan Boon
Chin, managing director,
Global Safety Division,
NEC Corporation.
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Myanmar Summary
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aom pD;yGm;a&;ae&mjzpfonfh
Junction Square
jynfvrf;
teD;wGif 24 xyftjrifh&Sd tqifh
jrift
h rd cf ef;rsm;yg0ifonft
h aqmuf
ttHkESifh 21 xyfHk;taqmuf
ttHkyg0ifonfh Crystal Tower &
Residences wGif trsm;jynfol
vHkNcHKa&;pepfrsm;ukd xnfhoGif;
wnfaqmuf&ef vkyfief;tyfESH
onfh oabmwlpmcsKyfukd NEC
$VLD3DFLF ESifh ShweTaung
Group wdo
kY nf atmufwb
kd mv
NEC
(& $VLD 3DFLF

has signed a contract with local conglomerate Shwe
Taung Group to build a
suite of public safety solutions for one of the latters
properties.
NEC said in a statement
that its technologies in
public safety will be deployed at Crystal Tower
5HVLGHQFHV WR SURYLGH
UHVLGHQWV DQG RFH WHQants a safe environment
to work, live and play, as
well as to better assist the
property management in
reducing security threats
and improving the efFLHQF\ RI WKHLU RSHUDtions.
The contract signing
also included an agreement of anti-corruption,
anti-bribery and code of
ethics.
&U\VWDO 7RZHU 5HVLdences
at
Junction
Square, which comprises
a 24-storey luxury apartment tower and a 21-stoUH\RFHWRZHULVORFDWHG
along Pyay road in Yan-
gon. The high-end luxury

condominium is situated
next to Junction Square, a
shopping mall developed
by Shwe Taung which was
opened in March 2012.
As a leader in the development of modern real
estate and government
infrastructure projects in
Myanmar, Shwe Taung
Group continues to deliver quality homes and
buildings through Crystal
7RZHU 5HVLGHQFHV
We are delighted to
work with NEC to equip
the buildings with the
latest public safety solutions which also feature
energy saving abilities to
promote an eco-friendly
lifestyle among residents
DQG RFH WHQDQWV VDLG
Ye Myint, deputy CEO,
Shwe Taung Group.
Singapore-based IT and
network solutions providHU1(&$VLD3DFLFLVWKH
regional headquarters for
Japans NEC Corporation
LQWKH$VLD3DFLFUHJLRQ
NEC APAC provides solutions for carrier networks,
ELRPHWULF LGHQWLFDWLRQ
enterprise
applications
Ye Myint, deputy CEO, Shwe Taung Group (3rd R), and Henry Chua, business development director,
Public Safety (2nd L), NEC Corp, at the signing ceremony.
Mandalays Property Market Immature, but Set to Rise - Report

Aung Phyo
yanmars
second city is ripe
for
expansion
in the real estate market,
according to report from
developer Colliers International.
The citys property
growth is currently upheld by an expansion of
small hotels working to
meet Myanmars growing
tourism trade.
Larger hotels have also
VHW XS VKRS ZLWK YH
high-end hotels currently
in the city of 1.2 million,

DQG DQRWKHU YH EHLQJ
built.
For companies, however, Mandalay is a much
less developed destination.
Mandalay is a sprawling city, composed mainly
of houses with few highrises, and Colliers expects
to have fewer than 1000
units even into the end of
2017. Fewer than 6 percent of households live in
high-rises, compared to
17 percent in Yangon.
This is coupled with a
ODFN RI RFH VSDFH ZLWK

many extant businesses
currently housed in hotels, according to the report.
While housing units are
currently 30 to 50 percent
cheaper than in Yangon,
WKH RFH VXSSO\ UHPDLQV
tight due to a lack of supSO\ 7KH UVW FRPPHUFLDO
RFH EXLOGLQJ LV VHW WR
open with a development
called Mingalar Mandalay.
Retail, too, remains
dear, with the only highquality spaces in two ex-
tant developments, Diamond Plaza and Ocean

Super Centre.
Myanmar Summary
EdkifiHwumtdrfNcHajrvkyfief;
\
tpD&ifcHpmt& jrefrmEdkifiH\
'k w d , tBuD ; qH k ; NrdK Uawmf o nf
td r f N cH a jraps;uG u f c sJ U xG i f & ef
twGuf tqifoifhjzpfaeNyD[k
qdkcJhonf/
jrefrmEdkifiH\ c&D;oGm;vkyfief;
wdk;wufvmjcif;u
[dkw,f
tao;rsm;udk csJUxGifvmjcif;u
NrdKUawmf\ tdrfNcHajraps;uGufudk
Collier International
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aomfvnf; 2017 ckESpf ESpfukef
wpf a xmif c ef Y &Sd v mrnf [k
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onf txyfjrifhtaqmufttHk
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EIef;txd aps;EIef;csKdomaMumif;
od&onf/
PROPERTY & REAL ESTATE
24

mmbiztoday.com
Hotels Sprout Up to Accommodate Increasing Tourists

H
ishes, the number of tourists will rise.

The number of tourists will probably rise from
February up until Thingyan water festival period in
April next year, he said.
Tourist arrival through
Yangon
International
Airport 759,181 in the
UVWQLQHPRQWKVRI
up 82,174 from 677,007
tourists in the same period last year.
More than 800,000
tourists entered Myanmar by air and ship while
more than 2.2 million
tourists visited the country through border entrances. However, experts
discount the number of

arrivals via border gates
as these mostly comprise
day traders and expat
visa-runners from Thailand and dont technically
fall under the category of
tourist.
Most tourist arrivals
are in Yangon, Mandalay,
Inlay and Bagan and the
government has established 17 hotel zones in
Naypyitaw, Yangon, Mandalay and Bago regions.
According to Ministry of
Hotels and Tourism, Myanmar received 3.05 million tourists in 2014.
Myanmar gained $2.64
billion in foreign invest-
ment in hotel and tourism

sector this year, up $1.5
billion from 2011s $1.14
billion.
Xinhua
Myanmar Summary
urm vS nhf c &D ; oGm ;{nf h onf

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jcif;aMumifh jrefrmEdik if w
H iG f [w
kd ,f
tajrmuftrsm;wd;k wufvmonf
[k jrefrm[dkw,fvkyfief;&Sifrsm;
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f iG f [dkw,fppk ak ygif;
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r sm; t o if ; t wG i f ; a & ; rSL ;
OD;wif0if;u ajymcJhonf/
Sherpa Hossainy
otels are sprouting up across Myanmar to provide

adequate accommodation
to the increasing number
of tourists, sources with
the Myanmar Hoteliers
Association said.
A total of 340 hotels
are operating across the
country in 2015, compared with 290 in 2014,
according to U Tin Win,
chairman of the Myanmar
Hoteliers Association.
The number of foreign
tourists visiting Myanmar will double to 10 million in 2016, U Tin Win
claimed, adding that after
WKH JHQHUDO HOHFWLRQ Q-
Melia International Hotel on Kabar Aye Pagoda road in Yangon.

Increase in tourism has brought in investments from foreign hotel
chain such as Melia.
Condo Boom in Cambodias Capital Driven by

Expat Demand and A Leap of Faith
years unless the country's
middle class moves away
from a traditional preference for houses with land.
With an economy of
only $16.7 billion, Cambodia could be very slow
in shifting to high-rise
living as its urban middle
class, while growing, remains small.
"Unless there is a strong
take-up by local families,
there could well be an
oversupply," said Marc
Townsend, managing director for real estate serYLFHV UP &%5( LQ &DPbodia and Vietnam.
Property
consultants
note that most buyers of
condominiums, even locals, are purchasing them
for investment purposes -
Prak Chan Thul &

Aradhana Aravindan
Pring Samrang/Reuters
igh-rise
apartments are springing up across
Cambodia's capital, part of
a property boom led by expat demand, while developers are also betting the
country's growing middle
class will shed a traditional
distaste for "living on top
of each other".
As once red-hot property markets like Singapore
lose steam, frontier markets such as Cambodia are
gaining more attention
from investors, and that
is helping make the construction and real estate
industries the Southeast
Asian nation's most dynamic engine of growth.
Developers such as Singapore's Oxley Holdings
and Teho International
are embarking on highrise upmarket condominiums complete with swimming pools, gymnasiums
and river views. Japan's
Creed Group as well as
Taiwanese and South KoUHDQ UPV KDYH MXPSHG
into the market, while
local developers are also
building, albeit mostly
low-rise apartments.
A lack of condominiums
in prime Phnom Penh
areas for expats has led
to high rental yields for
investors. But some experts worry supply could
outstrip demand in a few
keen to rent them out and

believing their value will
appreciate over the next
few years.
They also estimate that
foreigners account for 60
to 70 percent of condominium sales in Cambodia,
spurred on in part by the
relaxing of restrictions on
foreign home ownership in
2010, though some limitations remain in place.
"While most buyers are
foreigners, the trend will
change towards Cambodians. But it may take 10
to 20 years," said Kim
Heang, chief executive of
Khmer Real Estate.
For the time being,
WKH LQX[ RI IRUHLJQHUV
over the past few years
as multinational compa-
Laborers work at a construction site in Phnom Penh.
QLHV RSHQ RFHV LV IHHGing demand. That helped

the construction and real
estate industries contribute more to GDP than the
garment and footwear
sector last year, according
to the World Bank.
Prime residential land
prices in the capital
jumped 14.1 percent in
WKH UVW KDOI RI WKLV \HDU
the biggest rise among 13
Asian cities in a Knight
Frank research report.
CBRE estimates there
are 48 condominium proMHFWV ERWK QLVKHG DQG
under construction, in
Phnom Penh, where total
condominium stock is set
to jump to 19,745 units by
the end of 2018, a 13-fold
increase over levels seen
last year.
Some of the most highSUROH SURMHFWV DUH EHing built by Oxley and
Cambodian
developer
Worldbridge Land. These
include The Peak, a
55-storey mixed-use development with two residential towers and a Shangri-la hotel, which is due
for completion in 2020. It
follows the 45-storey The
Bridge, whose residential
units are almost fully sold
- with Cambodians, Singaporeans and Taiwanese
the top buyers.
Due to current limited
stock, gross rental yields
for Phnom Penh's condominiums located in prime
areas are among the highest in the region - 10 percent versus 4-6 percent in
Bangkok and Singapore's
2-3 percent, CBRE data
shows.
But while $300,000
for a three-bedroom
apartment may be cheap
enough to attract potential investors like businessman Steven Chan,
an attendee at an Oxley
property launch event in
Singapore, for many ordinary Cambodians those
sums are out of reach.
"People like us don't
like to live in apartments
like this," said 31-year old
Hak Hab, a cook who lives
in the neighbourhood of a
16-storey condominium
block but whose wooden
home borders a sewage
canal.
"These apartments are
only for the very rich."
Reuters
Myanmar Summary
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wGif EkdifiHjcm;rS vma&mufvkyf
ukdif tajccsolrsm;\ vkdtyf
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vl v wf w ef ; pm;rsm;uvnf ;
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rusaomfvnf; ajymif;vJvm
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ief;rsm;u arQmfrSef;xm;Muonf/
pif u myl u J h o k d Y txl ; acwf
aumif;cJah omtdrNf caH jraps;uGuf
rsm; t&SdefusvmcsdefwGif uarm
'D;,m;uJhokdY zHGUNzdK;paps;uGufrsm;
rSm &if;ESD;jrKyfEHSolrsm;\ pdwf0if
pm;rIukd&&SdvmNyD; ,if;rSwpfqifh
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EkdifiHwGif tdrfNcHajrwnfaxmif
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dk u
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ynm&Sifrsm;u oHk;oyfonf/
AUTOMOBILE
25

mmbiztoday.com
Myanmar Railways to Invest in Car Parks

WUDFFRQJHVWLRQVDLG8
Ba Myint.
When the multi-storey
car park in York street is
QLVKHG PRUH PXOWLVWRrey car parks will be built
in Pazundaung, Insein
and Kyimyindine townships, he added.
Myanmar Summary
Zarni Min Naing
,mOfaMumMuyfjcif;tm; ajz&Si;f
Edkif&eftwGuf orwkyf&SifkH
taemufbuf&Sd jrefrmhrD;&xm;
ydkifajr wpf{uwGif vlaetdrf
yg txyf j rifh um;yguif wnf
aqmufEikd &f eftwGuf pdw0f ifpm;
olr sm;udk wif'gac:,loGm;rnf
jzpf a Mumif ; jref rmh r D ; &xm;
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d nf/
tqdkyg txyfjrifhum;yguif
aqmufvyk &f eftwGuf Ed0k ifbmv
rS pwifum pddwfyg0ifpm;olrsm;
Ei Thandar Tun
yanmar
Railways (Naypyitaw) said it will
call for a tender to build
multi-storey car parks and
apartments on their acre
of land behind Thamada
cinema.
Every interested person
or company can submit a
tender application starting from November, MR
said in a statement.
We are doing this to
UHGXFH WUDF FRQJHVWLRQ
York [Yaw Min Gyi] street

is very crowded. Thats
why we intend to build
a car park. School buses
will be able to park and
WUDF FRQJHVWLRQ ZLOO EH
somewhat resolved, said
U Ba Myint, general manager of Myanmar Railways (Naypyitaw).
When the multi-storey
car park is ready, school
ferries have to park in
that building and if not,
they will get punished,
MR said.
The building is planned
to start construction in
2016 after the tender
SURFHVV KDV QLVKHG 7KH
multi-storey car park
aims to provide about 350
parking spaces.
In other countries,
they build car parks to
UHGXFH WKH WUDF FRQJHVtion. People have to park
their cars there and have
WR ZDON WR DYRLG WUDF
congestion. Thats why we
will build car parks. No
one will be able to park
their cars wherever they
want. That will reduce
Mandalay Vice: Police Hotlines

Set Up Along Highway Route
Kyaw Min
Myanmar Summary
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rS wyfzGJUrSL; &JrSL;BuD; aZmfxGef;
atmifu Myanmar Business
Today odkY ajymMum;onf/
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rsm;? jynfolrsm; tcuftcJ
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od&
onf/
Volkswagens Oct Sales in S Korea

Plunged as Emissions Scandal Deepens
Sohee Kim
olkswagen
AGs
sales in South Korea nearly halved
in October from a year
earlier after Europes biggest carmaker admitted
to rigging US emissions
tests, plunging below the
1,000 vehicle mark for the
UVWWLPHLQIRXU\HDUV
The sales collapse for
Volkswagen contrasted
with a 6 percent rise in
sales of imported cars in
South Korea in the same
period, according to data
from the Korea AutomoELOH,PSRUWHUV 'LVWULEXtors Association released.
The German carmaker
sold 947 cars in October,

WKH UVW IXOO PRQWK VLQFH
the emission scandal
broke, the data showed.
Most Volkswagen sales
in South Korea are diesel
vehicles.
Volkswagen admitted in
September that it had installed software that can
cheat emissions tests on
11 million diesel vehicles
worldwide.
The scandal deepened
last Tuesday when the
company said it had understated fuel consumption and carbon dioxide
emissions of 800,000
cars sold mainly in Europe.
Reuters
Myanmar Summary
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a&mif;&rIonf atmufwdkbmv
twGif; rESpfuxuf xuf0uf
cefY usqif;oGm;cJhaMumif; od&
onf/ ukrPD\ ,ckESpftapm
ydik ;f umvtwGi;f jzpfay:cJah om
um;vd r f n mxk w f v k y f r I t I y f
taxG ; rsm;aMumif h xd k u Jo
h dY k
ta&mif ; usqif ; oG m ;jcif ; jzpf
Edkifonf/ awmifudk&D;,m;EdkifiH
wGif tjcm;aomwifydkYum;rsm;\
ta&mif;rSm umvwl ajcmuf
&mcd k i f E I e f ; wd k ; wuf v monf u d k
EIdif;,SOfMunfhvQif aAmufpf0,f
*Ge\
f usqif;rIukd cefrY eS ;f Edik o
f nf/
Bloomberg
otlines YangonMandalay
expressway will be
made available for use by
EXVFRPSDQLHVDQRFLDO
said.
To spread awareness,
stickers displaying hotline numbers will be posted on the express buses
and broadcast on TV,
Police Colonel Zaw Tun
Aung from the Highway
Police Force told Myanmar Business Today.
We will distribute
these hotline numbers to
passengers and express
bus companies. There is
hotline number 1880 already, but there are some
GLFXOWLHV LQ GLDOLQJ WKLV
number. So we have added more [numbers].
If something happens
on the highway, they can

dial a nearby police hotline easily. We will put
one Telenor and one MPT
phone in each station to
avoid the issue of signal
weakness.
There are 450 police
operating in the Highway Police Force and they
have supervision over accidents and criminal cases that happen along the
highway.
More police will be assigned to the highway police in the future, according to the Highway Police
Force.
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26
AUTOMOBILE

mmbiztoday.com
Chinas Demand for Cars Has Slowed

Overcapacity is the new normal
Bloomberg
or much of the past

decade, Chinas auto
industry
seemed
to be a perpetual growth
machine. Annual vehicle sales on the mainland
surged to 23 million units
in 2014 from about 5 million in 2004. That provided a welcome bounce to
Western carmakers such
as Volkswagen and General Motors and fueled
the rapid expansion of
locally based manufacturers including BYD and
Great Wall Motor. Best
of all, those new Chinese
buyers werent as pricesensitive as those in many
mature markets, allowing
IDW SURW PDUJLQV DORQJ
with the fast growth.
No more. Automakers
in China have gone from
adding extra factory shifts
six years ago to running
some plants at half-pace
todayeven as they continue to spend billions
of dollars to bring online
even more plants that
were started during the
good times. The construction spree has added about
17 million units of annual
production capacity since
2009, compared with an
increase of 10.6 million
units in annual sales, according to estimates by
Bloomberg Intelligence.
New Chinese factories are
forecast to add a further
10 percent in capacity in
2016despite projections
that sales will continue to
be challenged.
The Chinese market
is hypercompetitive, so
many automakers are
afraid of losing market
share, says Steve Man, a
Hong Kong-based analyst
with Bloomberg Intelligence. The players tend
to build more capacity in
hopes of maintaining, or
hopefully, gain market
share. Overcapacity is
here to stay.
The carmaking binge in
China has its roots in the
aftermath of the global
QDQFLDOFULVLVZKHQ&KLna unleashed a stimulus
program that bolstered
auto sales. That provided
a lifeline for U.S. and European carmakers, then
struggling with a collapse
in consumer demand
in their home markets.
Passenger vehicle sales
in China increased 53
percent in 2009 and 33
Workers at a branch of SAIC-GM-Wuling Automobile in Qingdao, Shandong province.
percent in 2010 after the

stimulus policy was put in
SODFH%XWWKHRRGRIFDUV
OHG WR ZRUVHQLQJ WUDF
gridlock and air pollution
that triggered restrictions
on vehicle registrations
in major cities including
Beijing and Shanghai.
Worse, the combination
of too many new factories
and slowing demand has
dragged down the industrys average plant utilization rate, a measure of
SURWDELOLW\ DQG HFLHQcy. The industrywide average plunged from more
than 100 percent six years
ago (the result of adding
work hours or shifts) to
about 70 percent today,
leaving it below the 80
percent level generally
considered healthy. Some
local carmakers are averaging about 50 percent
utilization, according to
the China Passenger Car
Association.
Excess capacity is raising the pressure on carmakers to step up margin-destroying discounts
to goose sales and keep
production lines busy,
according to Boston Consulting Group. The markdowns can be huge. Motorists can buy an iEV4 car
made by Anhui Jianghuai
Automobile for 61,100
yuan ($9,642), 60 perFHQW R LWV VWLFNHU SULFH

according to Autohome,
a popular car pricing
portal in China. Western
models arent immune
to the price slashing. The
RHULQJ SULFH RI $XGLV
A1 is being cut by up to
35 percent, to 194,900
yuan, in some Chinese
cities, according to Autohome. And with capacity
growth expected to continue outpacing demand,
the industrys return on
invested capital in China
will decline from 19.1 percent in 2014 to 10.5 percent by 2018, Sanford C.
Bernstein estimates.
Carmakers recently got
help when Chinas government, prompted by
the sharp slowdown in
auto sales in this years
UVW WKUHH TXDUWHUV DQnounced a tax cut on vehicle purchases from Oct.
1 through the end of 2016.
Chinas purchase tax on
YHKLFOHVZLWKHFLHQWHQgines 1.6 liters or smaller
has been cut in half, to 5
percent. Buyers have responded, with retail auto
VDOHV LQ WKH UVW WKUHH
weeks after the tax cut
rising 11 percent from the
same period last year, according to the China Passenger Car Association.
The tax break could

postpone the day of reckoning for the industry,
especially for smaller
manufacturers of cheaper models. But analysts
worry that even if small
or weak players survive,
they wont make enough
money to support the
investments needed to
meet stricter safety and
emission standards that
China has scheduled for
the next few years. The
government is requiring
auto makers to lower the
average fuel consumption of their vehicles to 5
liters per 100 kilometers
(1.3 gallons per 62 miles)
by 2020, from the current
6.9l/100km. Companies
have been developing
electric vehicles or adding
complex fuel-saving features to meet the tougher
standard. But all that
takes technical expertise
and moneythings foreign joint ventures have,
but that many small domestic carmakers dont.
Audis A1 is selling for
SHUFHQW R VWLFNHU
price in some cities
Before the tax cut, Chinas auto regulators had
repeatedly urged smaller
auto companies to merge
or be acquired as part of a
strategy to pool resources
and nurture a handful of

manufacturers that can
compete internationally.
The tax cut delays the
process of eliminating
outdated extra production capacity and clouds
the judgment of automakers of the market and capacity expansion, says
Xu Gang, a managing director at Boston Consulting Group in Beijing. Instead of trying their best
to become more competitive, some local carmakers are getting used to the
idea that the government
will help them out when
the going gets tough.
Whatever the long-term
consequences, Tony Yang,
a car salesman in Beijing for Haima Automobile Group, is relieved to
catch a break after a lean
spell. This year has been
the roughest in his three
years in sales because
people dont recognize
our brand, he says. Haima
sold a total of 180,870 vehicles last yearless than
5 percent of market leader
Volkswagens sales. Its
EHHQGLFXOWWRVHOOFDUVLQ
this climate, he says. The
tax cut helped. I sold four
in the past 20 days. I just
hope there are more stimulus policies coming.
Bloomberg
Myanmar Summary
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um wkwfum;aps;uGufonf
yHkrSefBuD;xGm;vmaeonf/2004
ckESpfwGif um;a&mif;cs&rIaygif;
tpD;a& ig;oef;om&d&S mrS 2014
ckEpS w
f iG f um;pD;a&aygif; 23 oef;
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xdkuJhodkY um;a&mif;csrIwdk;wuf
vmjcif;aMumifh aAmufpf0,f*Gef
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taemufEdkifiHrS um;xkwfvkyf
onfu
h rk P
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aps;uGuftwGif;odkY 0ifa&muf
vmonf/
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paom jynfwGif;um;ukrPDrsm;
onfvnf; vkyfief;rsm;tvGef
trif ; wd k ; csJU vm&onf / um;
xkwfvkyfolrsm;twGuf ydktqif
ajyaponfht&mrSm wkwfum;
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um;aps;uGufrS um;0,folrsm;
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*kpdkufjcif;r&dSacs/ xdkaMumifhyif
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rnft
h csujf zpfvmonf/Ny;D cJah om
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um;rsm;jym;rIaMumifh umAGef
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IT & TELECOM
27

mmbiztoday.com
Online Group Invests

in New Recruitment Website
Launches Jobnet.com.mm for professionals
Zwe Wai
MBT
nternet holding company MMOne Online

Group has launched a
new job website, Jobnet.
com.mm, in a bid to tap
the rapid growth of online
recruitment in the human
resources and corporate
sectors.
The company claims that
its website allows users to
HDVLO\ QG MREV LQ YDULRXV
categories such as engineering, sales, marketing,
QDQFH RU +5 IURP FRPpanies in Myanmar.
The website also has a
dedicated section with
jobs targeted to more experienced personnel as
well as for expats in Myanmar, given the demand
IRU PRUH TXDOLHG VHQLRU
roles and expats in the
country.
We provide job seekers
a simple and easy way to
QG WKRXVDQGV RI TXDOity jobs and employers to
QG WKHLU QH[W JUHDW KLUH
and develop their em-
ployer brand, said Matt

De Luca, managing director of JobNet.com.mm.
The entire business
model of the website is
based on supporting employers to identify their
job requirements, and
then promote those jobs
to prospective job seekers.
As internet penetration
rises in Myanmar, companies are increasingly
turning to online recruitment and sourcing.
We have been closely
monitoring Myanmar for
almost three years and we
decided now is the right
time to enter the market
and activate Jobnet.com.
mm, Justin Sway, founder and CEO of MMOne.
Mobile coverage and
internet penetration are
growing at an incredible
pace and soon most of the
population will be fully
connected. Its the next
evolution of the country
and its very exciting and
satisfying to be part of
A screenshot of jobnet.com.mm.
this rapid change in Myanmar. Our investment is

VLJQLFDQW DQG ZH LQWHQG
to be the leading provider in our selected online
markets, Sway added.
MMOne earlier this year
also invested in Shweproperty.com, a real estate portal in Myanmar.
Myanmar Summary
tif w meuf v k y f i ef ; uk r PD
MMOne tkyfpkonf Jobnet.
com.mm
trnf&Sd tvkyf
&S m azG a &;0uf b f q d k u f w pf c k u d k
pwifrdwfqufcJhaMumif; od&
onf/
tvkyt
f udik &f mS azGorl sm;tae
jzifh jrefrmEdkifiHtwGif;&Sd tif*sif
eD,m? ta&mif;? aps;uGuf&SmazG
a&;ESifh aiGaMu;ESifh vlUpGrf;tm;
t&if ; tjrpf q d k i f & muJ h o d k Y a om
vkyfief;rsm;udk tqdkyg0ufbq
f u
kd f
ay:wGif rsm;pGmaom tvkyf
tudkifrsm;pGmudk vG,fulpGm&SmazG
Phyo Thura Htay
Moh Moh Kyi
elenor
Myanmar
Limited announced
that Hsu Wai Soe
and Phyo Thura Htay will
represent Myanmar at the
annual Telenor Youth Forum in Oslo, Norway in
December.
Telenor Youth Forum
RHUV\RXQJLQQRYDWRUVD
global stage to meet and
discuss with leaders withLQ WKHLU HOGV 7KH HYHQW
takes place from December 8 to 12.
The two are amongst
the 25 delegates who will
Hsu Wai Soe
join this years Forum.

The annual event, which
coincides with the Nobel
Peace Prize ceremony
week, will this year centre
on the theme of KnowledgeForAll.
&KLHI ([HFXWLYH 2FHU
of Telenor Myanmar Petter Furberg said, The
two bright young people
selected have clear obMHFWLYHV RI LQXHQFLQJ
society through mobile
connectivity. We are conGHQW WKDW WKH\ ZLOO EH
excellent ambassadors of
Myanmar, and that they
will positively engage with
Telenor Myanmar
Telenor Myanmar
Two Selected to Represent Myanmar

at Telenor Youth Forum
like-minded peers from

other from other parts of
the world to exchange innovative ideas on advancing communities.
Twenty-one year old
Hsu Wai Soe, a B.Com
0DQDJHPHQW 0DUNHWing) degree holder applied to the Telenor Youth
Forum with an idea of installing a counselling hotline for domestic violence.
While working in her family business, she became
aware of the prevalence of
domestic violence in the
country, and wants to do
her part to help marginal-
ised women.
Many women who are
facing domestic violence
are afraid to discuss their
DLFWLRQ ZLWK RWKHUV DV
they are either ashamed
of their situation, or dont
feel they will be supported enough in coming forward. I want to develop a
hot-line which the women
can call and discuss their
problems with experts,
under anonymous conditions, Hsu Wai Soe said.
She added, Im happy
to be chosen to represent
Myanmar. I believe that
after interacting with other young people in Oslo, I
will have many valuable
inputs to upgrade my ideas to help the women.
Phyo Thura Htay, a 19
year-old student in majoring of Chemical Engineering from Yangon
Technological University
is building on his idea of
developing a mobile app
as a digital library for university students.
Apart from their nor-
mal school lecturers,

students can have extra
books and knowledge
which is relevant with
their respective subjects.
To implement my idea, I
need assistance from the
technology
companies
like Telenor. This is my
UVW VWHS RI EHLQJ D ZLQner for TYF to implement
my idea, and Im very delighted to be chosen, he
said.
Telenor has invited a
range of high-level speakers for the Forum. A keynote address will be given
by Jimmy Wales, the
founder of Wikipedia.
Our delegates bring
unique ideas and thoughts
based on multiple perspectives and that are
rooted in a range of societal challenges. Most importantly, they see opportunities where others see
barriers to making an impact. We want to engage
with them to discuss and
explore how Telenor and
mobile technology can be
Edkifrnfjzpfonf[k ukrPDu
aMunmcJhonf/
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jrefrmEdik if t
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ESihf tvkyt
f udik &f mS azGorl sm;ESihf
jynfyrS vma&muftajccsaexdik f
olrsm;twGufvnf; &nf&G,f
onf[k qdkonf/
part of driving inclusive
change and improving access to knowledge, says
6LJYH%UHNNH3UHVLGHQW
CEO of Telenor Group.
Myanmar Summary
w,f v D a emjref r mrS aemf a 0

EdkifiHwGif ESpfpOf usif;yvsuf&Sd
aom Telenor Youth Forum
odkY jrefrmEdkifiHudk,fpm;jyKtjzpf
vli,fESpfOD;oGm;a&muf,SOfNydKif
rnfjzpfaMumif;
w,fvDaem
jrefrmvDrw
d uf\ owif;xkwjf yef
csuft& od&onf/
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[m rdb
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apr,fh xdk;azmufrIrsKd;udk aqmif
MuOf;ay;zdkY &nf&G,fcsufawG &Sif;
&Sif;vif;vif;owfrSwfxm;wm
udk awGU&ygw,f/ olwdkYu jrefrm
Edik if t
H wGuf ud,
k pf m;vS,af umif;
awGjzpfr,fvdkY ,HkMunfxm;NyD;
urm wpf 0 S r f ; u ol w d k Y v d k r sKd;
tawG;tac:csif;wlwJh wjcm;
vli,fawGeJY tjyKoabmaqmifwhJ
awGUqHkaqG;aEG;rIawG jyKvkyfNyD;
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wdk;wufvmatmif tBuHPf
awG zvS,foGm;Edkifr,fvdkYvnf;
,HkMunfygw,f}}[k w,fvDaem
jrefrm\ trIaqmift&m&SdcsKyf
jzpfol ywfwmzm;bwfu ajym
Mum;cJhonf/
28

mmbiztoday.com
INTERNATIONAL & DOMESTIC FLIGHT SCHEDULES

INTERNATIONAL FLIGHT SCHEDULES
BANGKOK TO YANGON
YANGON TO BANGKOK
Flights
PG 706
8M 335
TG 304
PG 702
TG 302
PG 708
8M 331
PG 704
PG 704
Y5 327
TG 306
Days
Daily
Daily
Daily
Daily
Daily
Daily
Daily
Daily
7
Daily
Daily
Dep
06:05
08:40
09:50
10:30
14:50
15:20
16:30
18:20
19:30
19:00
19:50
Arr
08:20
10:25
11:45
12:25
16:45
17:15
18:15
20:15
21:45
20:50
21:45
Flights
TG 303
PG 701
Y5 238
8M 336
TG 301
PG 707
PG 703
PG 703
TG 305
8M 332
PG 705
Days
Daily
Daily
Daily
Daily
Daily
Daily
1,2,3,4,5,6
7
Daily
Daily
Daily
YANGON TO DON MUEANG
Flights
DD 4231
FD 525
FD 256
FD 254
FD 258
DD 4235
Days
Daily
Daily
Daily
Daily
Daily
1,3,5,7
Dep
08:00
08:30
12:50
17:35
21:30
12:00
Arr
09:45
10:20
14:40
19:25
23:15
13:45
Days
Daily
Daily
Daily
Daily
Daily
2,4,6
Daily
2,3,5
Dep
08:00
09:45
09:45
10:25
11:45
13:35
16:40
19:30
Arr
12:25
14:15
14:35
15:10
16:20
20:50
21:15
0:10+1
Days
Daily
Daily
1,2,3,5,6
Daily
Daily
Dep
08:30
12:15
14:00
16:00
19:05
Arr
12:45
16:30
18:00
20:15
23:20
Days
3,5,7
Dep
23:50
Days
2,4,7
3,6
1,5
Dep
08:40
11:35
17:40
Days
Daily
Daily
Daily
Daily
2,4,6
Daily
Daily
2,3,5
Flights
AK 504
MH 740
8M 502
MH 742
AK 502
Days
Daily
Daily
1,2,3,5,6
Daily
Daily
Days
Daily
Dep
10:50
Arr
05:50+1
Flights
CA 905
Days
3,5,7
Days
Daily
3
1,2,4,5,6,7,
Dep
12:30
12:40
14:50
Flights
CZ 3055
CZ 3055
8M 712
Arr
16:10
Flights
CI 7915
Days
3,6
1,5
2,4,7
Days
1,3,5,6,7
Dep
19:10
Arr
15:55
18:50
18:15
Days
2,4,7
Dep
14:25
Days
Daily
Days
1,4,6
Dep
08:00
Flights
MU 2011
CA 415
MU 2031
Days
3
Daily
1,2,4,5,6,7
Arr
21:25
Arr
17:05
Flights
VN 957
Days
1,3,5,6,7
Days
4,7
Daily
Dep
00:50
23:55
Flights
VN 943
Days
Daily
Dep
01:10
Days
2,4,7
Arr
11:10
Flights
QR918
Days
3,5,7
Days
Daily
Dep
22:10
Arr
08;50
07:45+1
Flights
KE 471
OZ 769
Arr
05:25
Days
Daily
3,6
Days
2
5
Dep
11:45
19:45
Flights
KA252
KA 250
Days
2,4,6
1,3,5,7
Days
1,3,5,6
4,7
Dep
12:50
14:30
Arr
06:45+1
Flights
NH913
Days
Daily
Days
3,5,6
Dep
10:30
Arr
13:00
21:00
Flights
BG 060
BG 060
Arr
14:45
16:20
Days
Daily
Dep
14:15
Arr
16:40
MANDALAY TO DON MUEANG
Flights
FD 245
Days
Daily
Dep
12:50
Arr
15;15
MANDALAY TO KUNMING
Flights
MU 2030
Days
Daily
Dep
13:50
Dep
08:25
11:10
13:30
Arr
11:50
11:30
14:00
Dep
16:40
Arr
18:10
Dep
11:45
Arr
13:25
Dep
20:40
Arr
06:25+1
Dep
18:30
19:30
Arr
22:30
23:40
Dep
22:20
21:45
Arr
00:15+1
23:45
Dep
11:45
Arr
17:15
Days
2
5
Dep
16:30
16:30
Arr
18:40
18:45
Flights
PG723
W9 608
Days
1,3,5,6
4,7
Dep
11:00
17:20
Arr
11:55
18:10
GAYA TO YANGON
Arr
11:55
Arr
16:40
Dep
15:45
07:50
Days
2
Dep
13:10
Flights
Y5 2234
MI 533
Arr
16:30
Flights
AI 235
Days
Daily
2,4,6
Days
1,5
5
Dep
14:05
18:45
Days
2
Days
2,4,6
1,5
4,7
Dep
06:15
11:00
14;30
Flights
AI 236
AI 233
Arr
08;05
12:50
16:20
Days
1,5
5
Days
Daily
Dep
13:50
Dep
07:00
Arr
12:20
Arr
16:40
Dep
13:10
13:30
Arr
14:10
18:00
CHIANG MAI TO YANGON

Flights
Y5 252
7Y 306
W9 9608
NAY PYI TAW TO BANGKOK

Flights
MU 2030
Arr
16:30
14:50
KOLKATA TO YANGON
Arr
17:20
19:45
YANGON TO CHIANG MAI

Flights
Y5 251
7Y 305
W9 9607
Dep
07:20
11:30
DELHI TO YANGON
YANGON TO KOLKATA
Flights
AI 234
AI 228
Days
2,4,6
1,5
4,7
Dep
09:25
13:45
17:20
Arr
10:15
14:35
18:10
BANGKOK TO NAY PYI TAW

Flights
MU 2029
Days
Daily
Dep
12:50
Arr
14:55
DOMESTIC FLIGHT SCHEDULES

YANGON TO NAY PYI TAW
Flights
ND101
ND105
ND107
ND113
ND117
ND123
K7 234
K7 236
K7 234
Flights
8M 602
Days
3,5,6
Dep
12:50
Arr
16:00
BANGKOK TO MANDALAY
Flights
PG 709
Days
Daily
Dep
12:05
Arr
13:25
DON MUEANG TO MANDALAY
Flights
FD 244
Days
Daily
Dep
10:55
Arr
12:20
Days
Daily
Dep
12:55
Arr
15:55
Dep
07:00
08:00
11:00
15:00
17:00
19:30
07:00
17:00
06:00
Arr
07:55
08:55
11:55
15:55
17:55
20:25
08:00
18:00
07:00
NAY PYI TAW TO YANGON

Flights
ND100
ND102
ND104
ND110
ND118
ND122
K7 235
K7 236
K7 235
YANGON TO NYAUNG U
Days
1,2,3,4,5
1,2,3,4,5,6
1,2,3,4,5
1,2,3,4,5
1,2,3,4,5
1,2,3,4,5,7
Daily
Daily
Daily
Dep
06:30
08:30
09:30
13:30
17:30
18:30
08:15
18:15
07:15
Arr
07:25
09:25
10:25
14:25
18:25
19:25
09:15
19:15
08:15
NYAUNG U TO YANGON
Flights
Days
Dep
Arr
Flights
Days
Dep
Arr
YJ 891
YJ 881
YH 917
YH 731
Yh 909/910
K7 282
K7 248
7Y 264
K7 262
7Y 242
K7 248
7Y 240
7Y 131
7Y 121
7Y 241
Daily
Daily
Daily
Daily
Daily
Daily
Daily
Daily
Daily
Daily
Daily
Daily
Daily
Daily
1,3,4,6,7
06:00
06:10
06:10
15:00
06:00
06:00
08:45
14:30
06:00
07:00
08:00
10:00
07:00
06:05
14:45
07:20
07:35
07:30
17:40
08:10
07:20
10:05
16:35
07:20
08:20
09:20
11:20
08:20
07:25
15:55
YJ 891
Daily
07:35
10:15
YJ 881
YH 910
YH 732
YH 915/916
YH 917/918
K7 283
Daily
Daily
Daily
2
Daily
Daily
07:50
08:25
17:55
08:05
07:45
10:05
10:55
09:45
19:50
10:10
10:45
11:25
K7 248/249
K7 242/243
K7 265
K7 263
7Y 131
7Y 121
7Y 241
7Y 243
Daily
Daily
Daily
Daily
Daily
Daily
1,3,4,6,7
2,5
10:20
08:35
16:50
10;55
08:35
07:40
17:05
17:40
12:25
11:35
18:10
12;15
11:15
10:40
08:25
19:00
MANDALAY TO YANGON
YANGON TO MANDALAY
Flights
W9 201
Days
Daily
Dep
07:00
Arr
08:25
W9 211
W9 151/152
W9 251/252
YJ 891
YJ 201
4,7
1,3,6
2,5
Daily
1,2,3,4
15:30
12:30
11:00
06:00
11:30
16:55
13:55
12:55
08:05
12:55
YJ 761
1,2,4
11:00
12:55
YJ 211
4,7
11:30
12;55
YJ 601
YH 917
YH 731
YH 909
YH 835
YH 727/737
YH 911
YH 729
YH831
K7 262
K7 244
K7 622
K4 226
K7 282
K7 266
7Y 131
7Y 941
7Y 841
7Y 845
6
Daily
Daily
Daily
1,3,4,6
1,3,5,7
2
2,4,6
5,7
Daily
Daily
1,3,5,7
2,4,6
Daily
Daily
Daily
1,4,6
2,5
3,7
11:00
06:10
15:00
06:00
07:00
11:15
11:00
11:15
07:00
06:00
08:15
12;30
13:45
06:00
08:30
07:00
11:30
11:30
11:30
12:25
08:15
16:55
07:25
08:25
13:10
12:25
14:00
11:20
08:05
09:40
13:55
15:10
08:05
10:30
09:05
13:25
13:25
13;25
Flights
Days
Dep
Arr
W9 201
W9 211
W9 151/152
W9 251/252
Daily
4,7
1,3,6
2,5
08:40
17:10
17:15
18;05
09:10
19:15
18:40
19:30
YJ 891
YJ 202
YJ 212
YJ 602
YJ 234
YH 918
YH 910
YH 732
YH 836
YH 738
K7 282/283
K7 244/245
K7 623
K7 267
K7 227
7Y 131
7Y 942
7Y 243
Daily
1,2,3,4
5,7
6
6
Daily
Daily
Daily
1,3,4,6
3,5,7
Daily
Daily
Daily
Daily
2,4,6
Daily
1,2,6
2,5
08:20
16:00
15:30
15:40
17:20
08:30
07:40
17:10
13:20
17:25
08:20
09:55
17:00
10:45
17:35
09:20
17:40
16:55
10;15
18:05
17:35
17:35
18:45
10:45
09:45
19:15
14:45
18:50
11:25
12;50
18:25
12:45
19:00
11:15
19:05
19:00
HEHO TO YANGON
Flights
Days
Dep
Arr
Flights
Days
Dep
Arr
W9 141
W9 201
W9 129
YJ 891
YJ 881
YJ 761
YJ 751
YJ 233
YH 917
YH 731
YH 727
YH 915
YH 505
Daily
Daily
1,2,3,4,5,6
Daily
Daily
1,2,4
3,5,7
6
Daily
Daily
1,3,5,7
2
2,4,6,7
06:20
07;00
15;30
06:00
06:10
11:00
11:00
11:30
06:10
15:00
11:15
06:30
10:30
08;35
09;10
16;40
08:50
08:30
12:10
12:10
12:40
09:00
16:10
12:25
08:45
11:40
K7 282
Daily
06:00
08:55
K7 242
Daily
07:00
09:15
K7 266
Daily
08:30
09:40
K7 240
Dialy
10;00
12:15
K7 828
1,3,5
13:30
14:40
K7264
K7 248
7Y 121
7Y 131
7Y 941
7Y 841
7Y845
7Y 241
7Y 243
Daily
Daily
Daily
Daily
1,4,6
2,5
3,7
1,3,4,6,7
2,5
14:30
08:00
06:05
07:00
11:30
11:30
11:30
14:45
14;45
15:40
10:15
08:20
09:50
12:40
12:40
12:40
15:55
15;55
W9 141
W9 201
W9 129
YJ 891
YJ 881
YJ 761
YJ 752
YJ 602
YH 918
YH 728
YH 731/732
YH 916
YH 506
YH 912
K7 263
K7 243
K7 249
K7245
K7 267
K7 241
K7 829
K7 264/265
K7 283
K7 249
K7 829
7Y 131
7Y 121
7Y 941
7Y 241
Daily
Daily
1,2,3,4,5,6
Daily
Daily
1,2,4
3,5,7
6
Daily
1
Daily
2
4,6,7
2
Daily
Daily
Daily
Daily
daily
Daily
1,3,5
Daily
Daily
Daily
1,3,5
Daily
Daily
1,4,6
1,3,4,6,7
08:50
05:25
16:55
09:05
08:45
15:50
17:15
16:25
09:35
16:00
16:25
09:00
11:15
16:15
10:00
09:30
10:30
10:45
11:35
12:30
17:05
15:55
09:10
11:15
16:05
10:05
06:05
16:55
16:10
10;55
10:35
19:10
10:15
10:55
17:00
18:25
17:35
10:45
08:10
19:15
10:10
14:00
17:25
12:15
11:35
11:40
12:50
12:45
14:35
18:15
18:10
11:25
12;25
17:15
11:15
10:40
19:05
18:25
7Y 243
2,5
16:10
19:00
YANGON TO SITTWE
SITTWE TO YANGON
Flights
Days
Dep
Arr
Flights
Days
Dep
Arr
W9 309
YH 511
K7 422
7Y 417
1,3,5,6
1,3,5
Daly
Daily
11:30
10:30
13:00
11:00
12:55
11:20
14;50
12:50
W9 309
K7 423
K7 227
7Y 417
1,3,5,6
Daily
2,4,6
Daily
13:10
15:05
16;30
13:05
14;55
16:25
19;00
14:25
MYITKYINA TO YANGON
YANGON TO MYITKYINA
Flights
W9 151/152
Days
1,3,6
Dep
12:30
Arr
15:25
Flights
W9 151/152
W9 251/252
YJ 201
YJ 233/234
YH 835
YH 831
K7 622
7Y 841
2,5
1,2,3,4
6
1,3,4,6
5,6
Daily
2,5
11:00
11:30
11:30
07:00
07:00
12:30
11:30
13:55
14:20
15;40
09:50
09;25
15:20
14;50
W9 251/252
YJ 202
YJ 234
YH 836
YH 832
K7 623
YH 835
Days
4,5
Dep
11:00
Arr
15:05
Flights
W9 251/252
1,3,4,6
07:00
10:45
YH 836
YANGON TO LASHIO
Flights
YJ 751
YH 729
K7 828
K7 828
Days
3,5,7
2,4,6
1,3,5
1,3,5
Dep
11:00
11:15
12:30
13:30
Flights
Days
Dep
Arr
Flights
Days
Dep
Arr
W9 141
W9 309
W9 311
YJ 881
YH 511
YH 505
K7 422
K7 242/243
K7 244
7Y 121
7Y 417
Daily
1,3,5,6
2,4
Daily
1,3,5
2,4,6,7
Daily
Daily
Daily
Daily
Daily
16:20
11:30
11:30
06:15
10;30
10:30
13:00
07:00
08:15
09:50
12;05
09:50
13:50
13;20
09:45
11:20
12;55
13;50
10:30
11:45
10:40
14;25
W9 141
W9 309
W9 311
YJ 881
K7 243
K7 245
K7 422
7Y 121
7Y 417
Daily
1,3,5,6
2,4
Daily
Daily
Daily
Daily
Daily
Daily
10;05
14;05
13:35
10:00
10:45
12:00
14:05
09:50
12:05
10:55
14;55
14;25
10:55
11:35
12:50
16:25
10:40
14:25
YANGON TO KYAUK PHYU
KYAUK PHYU TO YANGON
Flights
Days
Dep
Arr
Flights
Days
Dep
Arr
W9 311
2,4,7
11:30
12:35
W9 311
2,4,7
12:50
14:25
Dep
15:45
14:15
14:35
15:55
11:55
13:30
15:35
Arr
18;40
19:30
18:05
18:05
14:45
15:55
18:25
Days
4,5
1,3,4,6
Dep
15:25
11:00
Arr
19:30
14:45
LASHIO TO YANGON
Arr
13:15
13:00
14;45
15:45
Flights
YJ 752
K7 829
K7 829
YANGON TO TACHILEIK
Days
3,5,7
1,3,5
1,3,5
Dep
16:10
16:00
15:00
Arr
18:25
18:15
15:50
TACHILEIK TO YANGON
Flights
Days
Dep
Arr
Flights
Days
Dep
Arr
K7 844
K7 826
1,3,5,7
2,4,6
13:30
12:30
15:10
14;55
K7 845
K7 827
1,3,5,7
2,4,6
15:25
15:10
17:05
17:35
LOIKAW TO YANGON
YANGON TO LOIKAW
Flights
Days
Dep
Arr
Flights
Days
Dep
Arr
K7 442
1,3,5,7
12:00
13:00
K7 442
1,3,5,7
13:15
14:15
YANGON TO MAWLAMYINE
MAWLAMYINE TO YANGON
Flights
Days
Dep
Arr
Flights
Days
Dep
Arr
7Y 538
Dialy
18:40
19:15
7Y 537
Dialy
06:10
06:45
YANGON TO DAWEI
DAWEI TO YANGON
Flights
Days
Dep
Arr
Flights
Days
Dep
Arr
K7 319
07:00
08:10
K7 320
12;25
13;35
MYEIK TO YANGON
Flights
Days
Dep
Arr
Flights
Days
Dep
Arr
K7 319
07:00
09:05
K7 320
11:30
13;35
YANGON TO KAW THAUNG

THANDWE TO YANGON
Days
1,3,6
2,5
1,2,3,4
6
1,3,4,6
5,7
Daily
PUTAO TO YANGON
YANGON TO PUTAO
Flights
W9 254/252
YANGON TO MYEIK
YANGON TO THANDWE
KUNMING TO MANDALAY
Flights
MU 2029
Days
1,2,3,4,5
1,2,3,4,5
1,2,3,4,5
1,2,3,4,5,6
1,2,3,4,5,7
1,2,3,4,5
Daily
Daily
Dialy
YANGON TO HEHO
SINGAPORE TO MANDALAY
Arr
20:50
14;15
YANGON TO DELHI
Flights
AI 236
INCHEON TO YANGON
MANDALAY TO BANGKOK
Flights
PG 710
Arr
09:50
DHAKA TO YANGON
YANGON TO GAYA
Flights
8M 601
Dep
07:00
TOKYO TO YANGON
YANGON TO INCHEON
Flights
PG724
W9 607
Arr
10:35
16:40
15:50
HONG KONG TO YANGON
YANGON TO DHAKA
Flights
BG 061
BG 061
Dep
08:35
14:40
14:15
SEOUL TO YANGON
YANGON TO TOKYO
Flights
NH914
Arr
22:50
DOHA TO YANGON
YANGON TO HONG KONG

Flights
KA 251
Dep
19:30
HO CHI MINH TO YANGON
YANGON TO SEOUL
Flights
OZ 770
KE 472
Arr
08:00
11:15
20:10
15:05
18:25
KUNMING TO YANGON
YANGON TO DOHA
Flights
QR919
Dep
06:55
10:05
19;10
13:50
17:20
HANOI TO YANGON
YANGON TO HO CHI MINH

Flights
VN 942
Arr
08:45
08:50
09:20
10:40
12:45
14:50
15:45
10:40
TAIPEI TO YANGON
YANGON TO HANOI
Flights
VN 956
Dep
07:20
07:20
07:55
09:10
11:30
13:25
14:20
05:20
GUANGZHOU TO YANGON
Arr
13:15
15:55
22:10
YANGON TO KUNMING
Flights
CA 416
MU 2012
MU 2032
Arr
07:05
08:00
12:20
17:05
20:55
11:15
BEIJING TO YANGON
YANGON TO TAIPEI
Flights
CI 7916
Dep
06:20
07:15
11:35
16:20
20:15
10:30
KUALA LUMPUR TO YANGON
YANGON TO GUANGZHOU
Flights
8M 711
CZ 3056
CZ 3056
Arr
08:45
09:40
22:20
12:40
13:50
14:30
17:35
18:45
18:50
20:05
21:30
Days
2,4,6
1,2,4,5,6
SINGAPORE TO YANGON
YANGON TO BEIJING
Flights
CA 906
Days
Daily
Daily
Daily
Daily
Daily
1,3,5,7
Flights
TR 2822
Y5 2234
SQ 998
3K 581
MI 533
8M 232
MI 518
3K583
YANGON TO KUALA LUMPUR
Flights
AK 505
MH 741
8M 501
MH 743
AK 503
Dep
08:00
08:45
21:30
11:55
13:05
13:40
16:45
17:55
18:05
19:20
20:15
DON MUEANG TO YANGON
Flights
DD 4230
FD 251
FD 255
FD 253
FD 257
DD 4234
YANGON TO SINGAPORE
Flights
8M231
Y5 2233
TR 2823
SQ 997
3K 582
MI 533
MI 519
3K584
MANDALAY TO SINGAPORE
Flights
MI 533
Y5 2233
KAW THAUNG TO YANGON
Flights
Days
Dep
Arr
Flights
Days
Dep
Arr
K7 319
07:00
10:10
K7 320
10:25
13:35
Airline Codes
3K
6T
7Y
8M
BG
CA
CI
CZ
DD
DE
FD
K7
KA
=
=
=
=
=
=
=
=
=
=
=
=
=
Jet Star
Air Mandalay
Mann yadanarpon Airlines
Myanmar Airways International
Biman Bangladesh Airlines
Air Chaina
China Airlines
China Southern
Nok Airline
Condor
Air Asia
Air KBZ
Dragonair
KE =
MI =
MU =
MH =
ND =
NH =
PG =
QR =
SQ =
TG =
TR =
VN =
W9 =
Korea Airlines
Silk Air
China Eastern Airlines
Malaysia Airlines
FMI Air
All Nippon Airways
Bangkok Airways
Qatar Airways
Singapore Airlines
Thai Airways
Tiger Airline
Vietnam Airlines
Air Bagan
Y5 = Golden Myanmar Airlines

YH = Yangon Airways
YJ = Asian Wings
Day
1
2
3
4
5
6
7
~
~
~
~
~
~
~
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
Sunday
IT & TELECOM
29

mmbiztoday.com
UnionPay International Partners with

2C2P to Tap SE Asian E-commerce Market
Thant Zin
it raised $7 million in
Series C funding, taking
total funding to over $10
million.
2C2P, Southeast Asias
leading payments company, founded by Burmese
entrepreneur Aung Kyaw
Moe, has announced a
partnership with UnionPay International (UPI),
a subsidiary of China UnionPay. With this partnership, UPI cardholders
can transact with some
of SEAs leading brands,
including in Myanmar,
making these brands acFHVVLEOH WR RYHU YH ELOlion UPI cardholders.
2C2P has been active in
the Myanmar market over
the last couple of years. In
June, it launched easy%LOOV 0\DQPDUV UVW
electronic bill payment
solution. In February,
it developed and implePHQWHG 0\DQPDUV UVW
online payments solution in cooperation with
Myanmar Payment Union (MPU), the national
payment network of the
country.
In January, it launched
the Citizen Card, MyanPDUV UVW SUHSDLG FDUG
with a real-time mobile app, and last year,
it introduced iACCEPT,
0\DQPDUV UVW PRELOH
point-of-sales
system
(mPOS), along with Visa,
MasterCard,
Myanmar
Citizens Bank and Myanmar Hotels International.
Myanmar Summary
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Pay International (UPI)
Nelson Ching/Bloomberg
-commerce
solutions provider 2C2P
said it is partnering
UnionPay International
(UPI), a subsidiary of
China UnionPay, to target
the fast growing Southeast Asian e-commerce
market.
2C2Ps SEA merchants
will now connect with
RYHUYHELOOLRQ8QLRQ3D\
cardholders worldwide,
RHULQJ 8QLRQ3D\ DV DQ
online payment option for
shoppers.
2C2P will provide UnionPay Online Payment
(UPOP), a service develRSHG E\ 83, VSHFLFDOO\
for online payments. With
UPOP, UPI cardholders
will receive an OTP (one
time password) via their
mobile devices to complete their transactions.
2C2P Group CEO and
Founder Aung Kyaw Moe
said, With more and
more people using UnionPay globally, this partnerVKLS PDUNV D VLJQLFDQW
step forward for 2C2P.
)URVW 6XOOLYDQ HVWLmates the B2C e-commerce compound annual

growth rate (CAGR) of
key ASEAN markets Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam at 37.6
percent from 2013 to
2018, growing from $7
billion to $34.5 billion.
Wenhui Yang, general
manager, UPI Southeast
Asia, said, Southeast
Asia is one of the fastest
emerging online shopping regions. By partnering 2C2P, one of the most
innovative and leading
payment service providers in ASEAN, UPI is able
WRRHURXUVHUYLFHVWRWRS
online retailers and merchants, particularly the
multi-billion dollar travel
and tourism sector.
2C2P processed more
than $2.2 billion in transactions in FY2014, growing by over 440 percent
year-on-year on FY2013.
In Thailand, 2C2P claims
to be responsible for over
85 percent of e-commerce
authentications. In April,
Maybelline Partners with Online Retailer Shop.com.mm

Moh Moh Kyi
MBT
osmetics
brand
Maybelline has announced its collaboration with local online
shopping website shop.
com.mm as its online retail partner.
Under the terms of the

partnership,
Maybelline products will now be
available on shop.com.
PPZLWKVSHFLDORHUVDW
Maybelline Shop. The
complete range of Maybelline products will be
available for purchase at
A screenshot of shop.com.mm featuring Maybelline.
the website, shop.com.

mm claimed.
Maybelline New York
has always been a New
Yorker at heart fearless,
creative, outspoken and
trendsetting. We believe
in the importance of not
only delivering high qual-
ity products but making

them accessible to a wider
audience. With the growing trend and youth interest in online shopping, we
at Maybelline New York
are excited to announce
that with this partnership
Maybelline products will
now be accessible to everyone at just a click away,
said Cho Thet Nwe, brand
general manager of Maybelline New York.
Although based in New
York, Maybelline owned
by the French cosmetics
company L'Oral.
Elin Torstensson, managing director of shop.
com.mm, said, We are
extremely excited with
the launch of the leading
makeup brand Maybelline New York on shop.
com.mm and we are certain that our customers
will respond enthusiastiFDOO\WRWKLVRHULQJ
Shop.com.mm, which
launched in 2014, is
backed by German IT incubator Rocket Internet
and is part of the Asia
3DFLF ,QWHUQHW *URXS

(APACIG). APACIG is a
joint venture of Rocket
Internet and Ooredoo.
The groups network consists of 14 e-commerce
and online marketplace
companies,
operating
across 15 countries.
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Myanmar Summary
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ESpfOD;onf Online Retail 0,f0ufbfqdk'fwGif 0,f,lEdkif
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EVENTS
30

mmbiztoday.com
Ooredoo Officially
Launches in
Kayah State
Photo : Ooredoo Myanmar
Daw Pwint Oo Swe gives a speech at the event.
Government Officials greet Daw Pwint Oo Swe.
Government Officials and Ooredoo employees pose for a photo.
Delegates pose for a photo.
SCG Showcases New Living Innovations

for Senior Living
Photo : SCG
Delegates pose for a photo.
Medical and dental equipment is displayed at the event.
Refrigeration technology can improve the lives of the elderly.
Innovations for elderly care were seen at the event.
A sculpture is displayed at the event.
The event was held both indoors and outdoors.
A 3D printed roof was featured at the event.
EVENTS
31

mmbiztoday.com
FMI City Pays Homage

to the Elderly
To celebrate the festive season of Thadingyut, FMI City team
has organised a ceremony to pay homage to the elderly living
on the estate. Last Saturday about 150 senior residents of FMI
City in Hlaing Thar Yar were invited to this ceremony. During
WKHFHUHPRQ\WKHDXGLHQFHRHUHGSUHVHQWVDQGSDLGUHVSHFW
to the seniors.
Myanmar Imperial College

Graduation Ceremony and
U Wisara Campus
Grand Opening Ceremony
Photos: MIC
A graduate speaks at the event.
MIC opened a new campus on U Wisara Rd.
Graduates pose for a photo.
A ribbon is cut at the opening of the MIC U Wisara campus grand opening ceremony.
Star City
Thadingyut Lighting
Festival
Photos: Star City
Ma May Than Tun and Ma Tin Win Nge pose for a photo.
Ko Aung San Htun, Ma Thinn Thinn Han, and Ma Lin Lin pose for a
photo.
Ma Ei Cho and Gerald Hanna pose for a photo.
Olga Dneprovskaya and Kate Shcherbak pose for a photo.
Somnang, Oliver, and Rob Matteo pose for a photo.
32
ENTERTAINMENT

mmbiztoday.com
Cellist Alexander Suleiman Performs in Yangon

Thant Zin
nternationally acclaimed
cellist Alexander Suleiman
made his Myanmar performance debut during a concert
at Yangons British Club on
Alan Pya Pagoda Road earlier
this month.
More than 200 music lovers saw Suleiman explore the
music of notable composers
Manuel de Falla, JS Bach, C
Saint-Saens, Robert Dvens,

Petris Vasks and Fritz Kreislerwith with guitar accompaniment provided by Matthias
Lang.
The event was organised
by Pun Hlaing International
School (PHIS) in collaboration with educational advisor
Dulwich College International
(DCI).
Suleimans performance
came as part of his Eight Date
Diversity Tour of Asia which

has already seen him perform
at DCI Schools in Suzhou,
Shanghai, Beijing, Zhuhai,
Singapore and Seoul during
October.
Suleiman is dubbed as one
of the most interesting and
individual musicians of his
generation. He studied with
Eldar Issakadze, Daniil Shafran
and Natalia Gutman, and has
played with well-known or-
chestras throughout the world,

with which he has a reputation
as an unusual and original
interpreter.
DCI said its Diversity series
of workshops aim to introduce
students and members of the
local community where DCI
family schools operate to a
wide range of visual and performance artists from around
the world.
We are delighted to have
been able to bring such talented and accomplished musicians

as Alexander and Matthias to
perform here in Yangon, said
Daryl Orchard, DCIs Head of
Schools (Myanmar).
7KLVLVMXVWWKHUVWLQD
series of exciting international
performers and speakers Pun
Hlaing International School
will be bringing to Myanmar in
partnership with Dulwich College International.
7KH6WUDQG&UXLVH2HUV7ZR&KULVWPDV
and New Years Cruises in Myanmar
The Strand Cruise
The maiden voyages will run between Bagan and Mandalay this holiday season
Thant Zin
dalay to Bagan departing every

Friday and four-night sailings
between Bagan and Mandalay
departing every Monday.
There is a special launch offer available for sailings from
January to March 2016 of 20
SHUFHQWRWKHKLJKVHDVRQ
rate. During this time, the
three-night journey between
Mandalay and Bagan will be
from $2,592 (usually from
$3,240) per person based on
double occupancy, and the
four-night journey between
Bagan and Mandalay will be

from $2,874 (usually from
$3,592) per person based on
double occupancy.
Shore excursions will take in
Myanmars famous landmarks,
including a visit to the famous
U-bein bridge on both northand south-bound departures,
and an exclusive mooring
overnight at Ava on the fournight itinerary, allowing Strand
Cruise passengers access to
the temple of Maha Aungmye
Bonzan.
The Strand Cruise
he Strand Cruise has

announced two maiden
voyages for Christmas
and New Years in Myanmar,
set to depart December 22 and
29.
The cruises follow The
Strands regular four-night itinerary on the Ayeyarwady river
between Bagan and Mandalay,
with added experiences for the
itinerarys 54 guests, as well as

a Golden Age of The Strand
Christmas Day gala dinner or
New Years Eve party.
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on these two December sailings will also receive a complimentary hot air balloon ride
over the ancient temple site in
Bagan, the company said.
Rates for the Strand Cruises
four-night maiden voyages in
December are from $3,592 per
person and for each passenger

making a booking, their companion sharing the same cabin
will travel on a complimentary
basis, Strand Cruise said.
The steep fee will give guests
all excursions and activities as
described in the set itinerary,
three meals during full sailing
days, breakfast on day of disembarkation, soft drinks and
local beer, house wine during
meals, port charges, English
VSHDNLQJJXLGHVVDWHOOLWHZL
in all cabins and public areas
and complimentary international daily newspapers available on guests digital tablets.
Passengers booking one of
the two Strand Suites will have
added extras included in their
rate, including a one-hour
spa treatment of their choice,
a night at The Strand Hotel
pre- or post- cruise and private
airport transfers between The
Strand Cruise and the airport.
The Strand Cruise has also
revealed further details of
its scheduled itineraries and
experiences. Following its
two maiden voyages, the ship
will start its regular schedule
RQ-DQXDU\RHULQJ
three-night sailings from Man-

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Myanmar Business Today Vol 3, Issue 44

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Myanmar Business Today

November 12-18, 2015

MYANMARS FIRST BILINGUAL BUSINESS JOURNAL

November 12-18, 2015 | Vol 3, Issue 44

Tourism Businesses Push for More Consulates

Tourists watch the sunset over Bagan.

Moh Moh Kyi

tourism but people hardly

versant with Myanmars

Thwin, director general of

jref r mEd k i f i H o nf c&D ; oGm;

JJ-Pun Launches First Solar

Marsh Opens Myanmar Rep

Online Group Invests in New