Vol 2, Issue 11

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Information about Vol 2, Issue 11
News & Politics

Published on March 10, 2014

Author: SherpaHossainy

Source: slideshare.net


Myanmar Business Today is Myanmar’s first and the only bilingual (English-Myanmar) business newspaper,
distributed in both Myanmar and Thailand. MBT covers a range of news encompassing local business stories,
special reports and in-depth analysis focusing on Myanmar’s nascent economy, investment and finance, business opportunities,
foreign trade, property and real estate, automobile, among others. MBT also provides detailed coverage of regional (ASEAN)
and international business stories.

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March 13-19, 2014 Myanmar Business Today mmbiztoday.com mmbiztoday.com March 13-19, 2014 | Vol 2, Issue 11MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL How to overcome emerging market volatility in Myanmar’s future Dan Steinbock A fter half a century of iso- lation, Myanmar’s im- mediate challenge is to sustain reforms, boost foreign investment and diversify its industrial base. Unlike other Asian tigers, it must cope with a far more challenging interna- tional environment. Recent headlines from My- anmar have caused unease in the United States, Europe and Japan. While the controversies are social by nature, they have indirect economic implications. First, the aid agency Medecins Sans Frontiers (Doctors With- out Borders) was ordered to cease operations as the Presi- MSF was biased in favour of Rakhine’s Muslim Rohingya minority. Then, President him- self asked parliament to consid- er an intermarriage law, which appears to call for the kind of restrictions that opposition leader Aung San Suu Kyi has condemned. Meanwhile, the global agri- culture giant DuPont launched its business operations in the country. Indeed, as foreign companies have been rushing to Myanmar, the commercial capital Yangon is struggling with Southeast Asia’s highest In 2012/13, Myanmar’s economy grew at 6.5 percent. Fuelled by increased gas production, services, construction, foreign investment and strong commodity exports, it is on track to grow 6.9 percent in the medium-term. SoeZeyaTun/Reuters But could the recent emerging market volatility sweep across the country? Catch-up in the post-globalisation era In the next 5-10 years, Myan- mar has potential to evolve into a “mini-BRIC”; that is, a rapidly growing large emerging econo- my – but only if it relies on the right growth conditions and can sustain the momentum. Thein Sein has introduced a ly improved Myanmar’s ties with Washington and European countries, which has unleashed and investment. The advanced economies are fascinated with Myanmar, its population of 60 million people and the last re- maining emerging economy. Economically, Myanmar lost half a century of progress, due to its geopolitical insulation. With underdeveloped institutional capabilities, poor revenue per- formance has led to persistent aged 23 percent between 2001 and 2010, which hit the poor hard, undermining domestic Myanmar is larger than France in size, but has a young labour force, abundant natural resources, including natural gas, copper, timber and gem- stones. In 2012/13, Myanmar’s economy grew at 6.5 percent. Fuelled by increased gas pro- duction, services, construction, Contd. P 12... Contd. P 12... Myanmar Summary &mpkESpf0ufeD;yg; urÇmhEdkifiHrsm;ESifh tquftoG,fjywfawmufí oD;jcm; &yfwnfcJhaom jrefrmEdkifiHonf jyKjyif ajymif;vJrIrsm;udk jyKvkyfvmcJhNyD; a&&Snf wnfwHhzGHUNzdK;aprnfh jyKjyifajymif;vJrIrsm; twGuf pdefac:rIrsm;udk &ifqdkifaeovdk tjcm;tm&Susm;rsm;ESifhrwlonfhtcsuf rSm jrefrmEdkifiHonf ydkrdkpdefac:rIrsm;&Sdae onfhtjynfjynfqdkif&m0ef;usifwpf&yf&Sd aejcif;yifjzpfonf/ vmrnfh ig; ESpfrS q,f ESpftwGif; jrefrmEdkifiHonf pD;yGm;a&;zGHUNzdK;wdk;wuf rItwGuf tvm;tvmaumif;rsm;pGm &Sdaeovdk ppfrSefaom zGHUNzdK;wdk;wufrI tajctaersm;ay:aygufvmrSom xdk tajctaeudka&&SnfwnfwHhEdkif&eftwGuf Lowest fare only @ airasia.com Our Authorized Agents: Sun Far Travel 01-243993, 02-74333, 01-255338 Seven Diamond Travels 01-203549, 02-72868, 01-500712 Than Than Travel 01-704190, 09-5007350, 01-255035 Columbus Travel & Tours 01-229245, 378535, 09-250026030 Nice Fare Travel 01-393088, 02-30833, 01-384274 UA Ticketing/Tour 09-5402525, 02-22311, 067-8420031 as well as other authorized AirAsia agents across Myanmar USD* 46 Booking Period: 10 - 16 March 2014 Travel Period: 13 March - 31 May 2014 Find more @ ask AskAirAsia.com f Facebook/AirAsia Yangon : No 37, Level 1, Room 111, La Pyae Wun Plaza, Alan Pya Pagoda Road, Dagon Township AirAsia Travel & Service Centre 01-370 847, 09 2540 49991-3 Mandalay : Room 3, 26th (B) Road, between 78th and 79th Road, Mandalay 09 42 111 7111 A journey to remember! Fly from Yangon (4x Daily**) *transit via Don Mueang Phuket Macau Siem Reap Hong Kong Ho Chi Minh City And many more destinations from Bangkok Chiang Rai · Chiang Mai · Hat Yai · Krabi · Nakhon Phanom · Trang Phitsanulok · Narathiwat · Nakhon Si Thammarat Surat Thani (Koh Samui) · Khon Kaen · Ubon Ratchathani · Udon Thani *All fly-thru flights are via Don Mueang International Airport, Bangkok. Promotion seats are limited and may not be available on all flights, public holidays, school breaks and weekends. A payment processing fee is applicable to all payments made via credit, debit or charge cards. Our other terms and conditions of carriage apply. **The fourth flight to Bangkok operates daily starting from 30 March 2014

March 13-19, 2014 Myanmar Business Today mmbiztoday.com 2LOCAL BIZ MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL Board of Editors Editor-in-Chief - Sherpa Hossainy Email - sherpa.hossainy@gmail.com Ph - 09 42 110 8150 Editor-in-Charge - Wai Linn Kyaw Email - linnkhant18@gmail.com Ph - 09 40 157 9090 Reporters &Writers Sherpa Hossainy, Kyaw Min, Wai Linn Kyaw, Shein Thu Aung Phyu Thit Lwin, Daisuke Lon, Yasumasa Hisada, Zayar Phyo, Pann Nu, Nwe Zin Art & Design Zarni Min Naing (Circle) Email - zarni.circle@gmail.com Ph - 09 7310 5793 Ko Naing Email - nzlinn.13@gmail.com Ph - 09 730 38114 DTP May Su Hlaing Translators Shein Thu Aung, Phyu Maung, Wai Linn Kyaw Advertising Seint Seint Aye, Moe Hsann Pann, Htet Wai Yan, Zin Wai Oo Advertising Hotline - 09 420 237 625, 09 4211 567 05, 09 31 450 345 Email - sales.mbtweekly@gmail.com Managing Director Prasert Lekavanichkajorn pkajorn@hotmail.com Publisher U Myo Oo (04622) No. 1A-3, Myintha 11th Street, South Okkalapa Township, Yangon. Tel: 951-850 0763, Fax: 951-8603288 ext: 007 Shwe Naing Ngan Printing (04193) Printing Subscription & Circulation Aung Khin Sint - aksint2008@gmail.com 09 20 435 59 Nilar Myint - manilarmyint76@gmail.com 09 4210 855 11 Khaing Zaw Hnin - snowkz34@gmail.com 09 4211 30133 Over 10,000 local companies yet to pay taxes A total of 10,670 local private companies have not nouncement by the Internal Revenue Department said. Myanmar has so far exported about 1 million tonnes over 1.4 million tonnes in 2012-2013, local media quoted Commerce Minister Win Myint as saying. The unstable political situation in Thailand and the fall in demand from China had some impacts on Myanmar’s rice exports this year. Authorities permit 166 hotel projects in 2 months Myanmar authorities have permitted 166 new hotel projects with over 7,800 rooms at major tourist spots in the past two months to cater to growing tourist arrivals, local media reported quoting Aung Zaw Win, director general at the Hotels and Tourism Ministry. US may grant GSP on 5,000 Myanmar prod- ucts soon US may grant Generalised System of Preferences (GSP) trading privileges on about 5,000 Myanmar products in April or May, local media reported, citing Maung Maung Lay, Vice Chairman of the Federation of the Chambers of Commerce and Industry. Myanmar is entitled to GSP for 5,000 items of goods as it is one of the least developed countries, and marine products, pulses, beans, gems and handicrafts will be on the top of these items, Lay said. Myanmar to allow import of alcoholic drinks Liquor, beer and wine will soon be allowed to be im- ported into Myanmar after ongoing talks among respec- tive government departments and chambers of com- citing Commerce Minister Win Myint. Overtaxing can lead to smuggling, while under-taxing can encourage Myanmar banks to launch int’l co-branded cards Myanmar Payment Union (MPU), an association of local banks, is planning to introduce international co- branded cards that can be used in over 100 countries in cooperation with JCB (Japan Credit Bureau) and CUP (China Union Pay), local media quoted Zaw Kin Htut, MPU CEO, as saying. Myanmar earns over $1.1b from garment ex- port Myanmar earned more than $1.1 billion in 2013 from garment exports due to EU’s restoration of GSP (Gen- eralised System of Preferences) trading privileges, local media reported, quoting Myint Soe, chairman of My- anmar Garment Manufacturers Association. Garment exports in Myanmar are expected to reach $1.5 billion in 2014, the report said. Myanmar ends cotton export ban At the request of dealers, the Ministry of Commerce time in over 20 years, local media reported, citing in- dustry sources. The ban on the export of cotton has made cotton growers incur losses, the daily added. Myanmar adds emergency medical Shwe Zanaka Company will provide emergency healthcare services for tourists visiting Kyaiktyo, Mon mately to other popular tourist sites in Myanmar. En- dorsed by the Ministry of Tourism, the company will cooperate with ambulance services, the Ministry of foreign visitors. DICA says no to full foreign investment in tour- ism The government has no plans to permit full foreign investment in Myanmar’s tourism sector, according to the Directorate of Investment and Companies Adminis- tration (DICA). Joint ventures in tourism sector will be allowed only with Myanmar citizens and DICA is soon going to release an announcement stating which in- dustries will or will not be permitted for joint ventures, Aung Naing Oo, director general of DICA, said. Myanmar Summary jynfwGif;yk*¾vduukrÜPDpkpkaygif; 10670 ckonf rwfv 31 &ufaeYwGif ukefqHk;rnfh b@ma&;ESpftwGuf tcGefrsm; ray;aqmif &ao;aMumif; jynfwGif;tcGefOD;pD;Xme xkwfjyefaMunmcsuft& od&onf/ ,ckb@ma&;ESpftwGif; jrefrmEdkifiHonf qefrufx&pf wefcsdef wpfoef;eD;yg;wifydkYcJhNyD; 2012-2013 ckESpfwGif qefruf x&pfwefcsdef 1.4 oef; wifydkYEdkifcJhonfhtwGuf ,ckESpfwGif qef wifydkYEdkifrIrSm usqif;vmcJhaMumif; pD;yGm;a&;ESifhul;oef;a&mif;0,fa&; 0efBuD; OD;0if;jrifhajymMum;csuft& od&onf/ xdkif;EdkifiHwGif EdkifiHa&;rwnfrNidrfjzpfrIrsm;ESifh w½kwfEdkifiHrS0,fvdk tm;usqif;rIrsm;aMumifh ,ckESpfwGif jrefrmEdkifiH qefwifydkYrItm; xdcdkufrItcsKdU&SdcJhaMumif; od&onf/ {NyDv odkYr[kwf arvwGif jrefrmEdkifiHrS xkwfukefaygif; 5000 eD;yg;tm; Generalised System ofPreferences(GSP)ukefoG,frIcHpm;cGifhudkay;oGm;rnfjzpfaMumif; jrefrmEdkifiHpufrIvufrIvkyfief;&Sifrsm;toif;rS'kwd,Ouú|ajym Mum;csuft& od&onf/

  • March 13-19, 2014 Myanmar Business Today mmbiztoday.com 3LOCAL BIZ “Current planned and future hydropower projects across trans-boundary river systems also have the potential to spark diplomatic incidents with neigh- bouring countries, as the majority of the electric- ity generated from these projects is planned to be exported outside of Myanmar’s borders.” Elliot Brennan & Stefan Döring M yanmar urgently needs to increase its electricity generat- ing capacity to meet ambitious economic development targets and accommodate rising pow- er demands from new foreign and local investment projects. Yet harnessing Myanmar’s hy- dropower potential will be a perilous process, as seen in the controversies surrounding cur- rent planned dams along the Than lwin river (also known as Salween river) as well as the geopolitically fraught and sus- pended Myitsone dam. Many of Myanmar’s rivers are suitable for hydroelectric dams, which currently contribute the base load to the country’s en- ergy supply. At the same time, dam construction alters the natural environment and usu- ally requires the controversial Moreover, with the country in the midst of a tentative na- sites have the potential to stir latent or resurrect suspended Current planned and future hydropower projects across trans-boundary river systems also have the potential to spark diplomatic incidents with neighbouring countries, as the majority of the electricity gen- erated from these projects is planned to be exported outside of Myanmar’s borders. The Chi- na-led Myitsone dam project, for instance, was scheduled to export 90 percent of its gener- ated power for consumption in China. President U Thein Sein said at the time the suspension was in respect of the “people’s will”. Access to water has long been Multiple stakeholders, from farmers to factories, are often stretched across national bor- ders, making equitable water management a nettlesome pro- cess. For Myanmar’s nascent le- gal environment, still governed largely by old structures of nepotism and patronage, regu- lating water-use is particularly so as the economy adds new in- dustry on riparian lands. According to local media re- ports, Myanmar is now plan- ning to build around 45 new hydropower dams. The need for infrastructure development in Myanmar’s energy sector is woefully apparent: the country has frequent power shortages; the commercial capital of Yan- gon is notorious for brownouts and blackouts. Remarkably, electricity output only reaches approximately a quarter of the country’s population, according to the World Bank. As a result, power shortages mar’s economic development as businesses necessitate consist- ent supply and a reliable power infrastructure. For the next 20 years, a business-as-usual es- timate made by the Asian De- velopment Bank forecasts a 3.1 percent annual growth of na- tional energy demand. Within the same timeframe, about 20 percent of the generated elec- tricity will come from hydro- power, which is anticipated to have the fastest annual growth rate of all energy sectors. Much of the newly generated energy is nonetheless set for export to neighbouring China and Thailand. The regulations for planned dam projects on the Thanlwin river reserve only 25 percent of the produced energy to Myanmar, while the Kunlong hydropower project, also known as the Upper Salween dam, will reportedly only transmit 15 per- cent of its produced energy into the domestic grid system. Many of these planned pro- jects, such as the Kunlong, have been tabled for the Salween river, a largely under-utilised, 2,800-kilometre waterway originating in the Tibetan Pla- teau that runs along Myanmar’s eastern border and epitomises the country’s huge untapped hydropower potential. Depend- ing on the source, there are cur- rently between six and 12 dam projects planned for hydropow- er production on the Thanlwin. In September last year, U Maw Tha Htwe, the director-general of the Hydropower Implemen- tation Department, disclosed that feasibility studies are ongo- ing for six hydropower projects are targeted to generate 1,000 megawatts (MW) or more. Feasibility studies have been concluded for the dams near Kunlong, NaungPha as well as a smaller project near Mann- taung, according to local media reports. The most ambitious project is the Tasang hydropow- er dam, which is projected to generate more than 7,000MW. Standing 228 metres high, the Tasang will be South Asia’s highest dam, exceeding the size of the massive Three Gorges Dam in China. As the Thanlwin runs through Shan, Kayah, Karen and Mon states, all planned dam sites are situated in ethnic minority ar- eas with resident armed groups autonomy. As such, construc- tion sites are often within or Some of the construction plans have been indirectly or directly and peace agreement process. This applies especially to those armed ethnic groups who demand economic concessions as part of anticipated upcoming peace agreements. This emerg- Myanmar Summary Contd. P 22... Contd. P 22... Thanlwin (Salween) river and planned dams. 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  • March 13-19, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 4 M alaysia-based UMW Oil & Gas Corp Bhd’s unit, UMW Petrodrill (Malaysia) Sdn Bhd, has won a $10-million contract from PT- TEP International Ltd Yangon Branch to provide hydraulic workover unit and related ser- vices for its M9 drilling cam- paign in Myanmar. wells with options for addition- al wells, and operations are ex- pected to start at Zawtika Field in Martaban Gulf by June. “With this new market pen- etration, we hope for more op- portunities to secure contracts in Myanmar, not only for work- over services, but also for our said president Rohaizad Darus. “Our company will aggres- sively continue to pursue op- portunities to expand our geographical coverage in the our growth plan and revenue di- Pann nu PTTEP International is a sub- sidiary of PTT Exploration and Production Public Company Ltd, a subsidiary of the national oil company of Thailand. Myanmar Summary Myanmar Summary T he pace of log export shipments has increased recently, not because of improved demand but rather the urgency with which buyers want to ship the logs that they have in yards in Myanmar be- fore the log export ban comes tional Tropical Timber Organi- zation (ITTO) said. Despite the pick-up in ship- ments analysts still anticipate a substantial quantity of logs will remain at log yards in Myanmar when the log export ban comes Export shipments from April to the end of January 2014 are estimated to have been over 398,000 cubic metre for teak logs and about 1.3 million cu.m for other hardwood logs. While there is doubt in some quarters that the log ban will really be implemented, up to now the government seems de- Kyaw Min termined to go through with its decision to ban log exports after April 1. After the ban only processed wood will be allowed but what constitutes “processed” is now being discussed. Some observers say continued exports of baulk squares – roughly hewn logs but not further manufactured – would be an option to sustain the Indian market, the biggest im- porter of Myanmar teak logs. Another debate is centred on whether domestic companies will be able to compete with mills set up by foreign investors days for a certain period. This, say local millers, will give foreign companies a huge advantage. Most analysts are of the view that it is unlikely that export of baulk squares will be allowed but an announcement from the Ministry of Environ- mental Conservation and For- estry (MOECAF) is expected to clarify this. rav;&Sm;EdkifiHtajcpdkuf UMW Oil & Gas Corp Bhd vkyfief; ,lepfjzpfaom UMW Petrodrill (Malaysia) Sdn Bhd onf PTTEP International Ltd &efukefvkyfief; cGJrS tar&duefa':vm 10 oef; wefzdk; &Sdonfhvkyfief;oabmwlnDcsufwpfck udk ,if;rS&&SdcJhNyD; jrefrmEdkifiH&Sd M9 a&eHvkyf uGuftwGuf hydraulic workover unit ESifhqufpyf0efaqmifrI rsm;udkaxmufyHhay;&eftwGufjzpfaMumif; od& onf/ ,ckuJhodkY aps;uGufopfxdk;azmufjcif; jzifh jrefrmEdkifiHwGif vkyfief;oabmwlnD rIrsm;udk &&Sd&eftwGuf tcGifhtvrf; aumif;rsm;ydkrdk&&Sdvmvdrfhrnf[karQmfvifh aMumif;ESifh Ouú|jzpfol Rohaizad Darus u ajymMum;cJhonf/ {NyDvwGif opftvHk;vdkufwifydkYrIudk cGifhrjyKawmhonfhtwGufaMumifh 0,f,l xm;olrsm;taejzifh opfqdyfrsm;wGif tm; tjrefwifydkYrIrsm;jyKvkyfaeonfh twGufaMumifh opftvHk;vdkufwifydkYrI rsm; jrifhwufvmjcif;jzpfaMumif; tjynf jynfqdkif&m tylydkif;a'o opfawmtzGJU tpnf; (ITTO) rS ajymMum;cJhonf/ ,if;aMumifh opftvHk;vdkufwifydkYrIrsm; onf rMumao;rDtcsdefumvtwGif; jrifhwufvmNyD; 0,fvdktm;wdk;wufvm rIaMumifh,ckuJhodkYwifydkYrIrsm;&Sdaejcif;jzpf onf/uRrf;usifolrsm; cefYrSef;csuft & {NyDv 1 &ufaeYrSpNyD;opftvHk;vdkuf wifydkYrItm;wm;jrpfrItouf0ifvmrnfh tcsdefwGifvnf;opfvHk;trsm;pkrSmopf qdyfrsm;wGif usef&SdaeOD;rnfjzpfaMumif; od&onf/ {NyDvrS 2014 Zefe0g&Dvtxd opfwifydkYrIonf uRef;opfvHk; ukArDwm 398000 ausmfESifh tjcm;opfrmopfvHk; rsm; wifydkYrIrSm ukArDwm 1.3 oef;eD;yg; txd&Sdrnf[k cefYrSef;od&Sd&onf/ Labourers work on a cargo ship loaded with logs at the Thilawa Port in Yangon. UAung/Xinhua Files
  • March 13-19, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 5 Myanmar Summary Zayar Phyo A merican science and chemical giant DuPont has start- ed its business operations in Myanmar eyeing to tap the Southeast Asian na- tion’s agriculture, food, energy and construction sectors. The company said it aims to address the coun- try’s challenges in feeding the growing population and reducing dependence on fossil fuels. DuPont Myanmar will focus on strengthening its local presence through collaboration with local powered solutions in ag- riculture, food, energy and construction, the Myanmar became the 8th ASEAN country and the 19th Asia territory for Du- Pont. “Myanmar has one of the fastest growing economies and a promis- ing potential to advance ASEAN’s growth. [The of- long-term commitment in helping meet the coun- try’s needs in agriculture and food, energy and en- vironmental protection,” said DuPont ASEAN Group Managing Director Hsing Ho. The government has signalled its intention to become one of the world’s leading rice exporters again, making rice crop and agriculture a key growth sector for Myan- mar. The country also faces pressing challenge on developing sustainable and clean energy sources. “DuPont is applying its knowledge and innova- tion to address these ur- gent needs. We believe that no company alone can solve them. We in- tend to work collabora- tively with government, NGOs, academic, custom- ers and business partners - tions,” Hsing said. “Integrated science can play a critical role in sup- porting Myanmar’s sus- tainable growth priorities especially in agriculture, food, and energy,” said DuPont Myanmar Man- aging Director Sittideth Sriprateth. DuPont said it aims to enable local farmers through advanced agri- culture technologies and practices such as max- imising the yield from hybrid seeds, protecting disease, enhancing food’s nutritional value and re- ducing waste by packag- ing food to protect it from contaminants and decay. DuPont claims to put in over 60 percent of DuPont’s total global re- search and development budget towards agricul- ture and food. Sittideth said the com- pany is also poised to ad- dress the rising demand for secure, environmen- tally sustainable and af- fordable energy sources such as solar energy. “Over 70 percent of all photovoltaic solar panels ever made globally use DuPont materials,” he said. “We are committed to the collaboration among all public and private or- ganisations and experts across all key industries with an aim to build sus- tainable growth for My- anmar. We also are ex- ploring opportunities to support community ini- tiatives and local people development,” Sittideth said. DuPont, established in 1802, has more than 10,000 scientists and en- gineers working across 150 R&D centres globally. The company racked up $35.7 billion in revenues 2013, and has 63,000 A DuPont logo is pictured on the EMEA (Europe, Middle East & Africa) and Du Pont de Nemours Interna- tional SA building in Grand-Saconnex near Geneva. DenisBalibouse/Reuters tar&dueftajcpdkuf urÇmhxdyf wef;ukrÜPDBuD;wpfckjzpfonfh DuPont onf jrefrmEdkifiH&Sd Chatrium Hotel ½Hk;cGJudk zGifhvSpfcJhNyDjzpfonf/þuJh odkY jrefrmEdkifiH½Hk;cGJzGifhvSpfcJhjcif; onf DuPont tm&Sa'o wGif 19 ckajrmuf½Hk;cGJjzpfNyD; tmqD,HEdkifiHrsm;twGif; &Spfck ajrmufjzpfonf/ DuPont onf urÇmhtqifh twef;rDodyÜHESifhtif*sifeD,mynm &yfrsm;? xkwfukefypönf;rsm;udk 1802ckESpfrSpwifum 0efaqmifrI ay;íwifydkYa&mif;cscJhonfhukrÜPD jzpfonf/ DuPont tmqD,H a'oOD;aqmifñTefMum;a&;rSL; Hsing Ho u ]]t&Sdeft[kefeJY zGHUNzdK;wdk;wufaewJh jrefrmEdkifiH [m tmqD,Ha'owGif;zGHUNzdK;rIudk trsm;BuD;taxmuftyHhay;Edkif wJh tvm;tvmawG&Sdaeygw,f/ DuPont ½Hk;cGJudk jrefrmEdkifiHrSm zGifhvSpfEdkifcJhwm[m EdkifiH&JU pdkufysKd; a&;? tpm;tpm? pGrf;tifeJY ywf 0ef;usifxdef;odrf;umuG,fa&;awG rSm tultnDay;EdkifawmhrSmyg}} [k ajymcJhonf/ xdkYjyifaea&mifjcnfpGrf;tifoHk; Photo Voltaic qdkvmjym;rsm;udk vnf; jrefrmjynfwGif us,fjyefY pGm toHk;jyKEdkif&ef ulnDoGm;rnf [k od&onf/ 2013 ckESpfwGif DuPont onf rIwefzdk;rSm tar&duefa':vm 35 'or 7 bDvD,H&SdcJhonf/

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

    March 13-19, 2014 Myanmar Business Today mmbiztoday.com 7LOCAL BIZ Myanmar SummaryI ncome from travel and tour- ism sector in Myanmar is to hit $1.2 billion as the formerly-reclusive state expects tourist arrivals to swell to three travel and tourism industry in- siders say. ure was about two million with $900 million in tourism re- ceipts. As we expect 3 million Phyu Thit Lwin year, tourism income should hit about $1.2 billion,” U Aye Kyaw, a travel and tour entre- preneur, said. Tourists visiting Myanmar stay in the country for at least two days and a tourist usually spends about $400 on average including accommodation ex- penses, he said. France topped the chart among European countries in terms of visitor numbers last year with a total of 33,250 tour- ists coming to the Southeast Asian country, while Thailand remained the top Asian country with 116,126 visitors. In Asia, Japan placed second with 66,772 visitors, followed by South Korea (54,599) and China (54,325), while in Eu- rope, the UK came second with 31,172 visitors and Germany came third with 25,565 tourists. A total of 885,476 tourists came by air, while land border checkpoints saw 1.2 million tourists and cruise ship arrivals hit 6,086. Among the travellers coming via air, 803,014 came through the country’s commercial hub Yangon, more than 40 percent increase compared with 2012. The number of business visi- tors also surged 32 percent, while group tours increased over 8 percent last year. As the tourists swell in num- ber, the hotel business also booms across country. Cur- rently, 924 hotels are in busi- ness with 3,500 rooms. Room charges vary from $50 to $300, hotel entrepreneurs say. The tourism industry grabbed $534 million in 2012 and $900 in 2013 in tourism receipts, ac- cording to the Ministry of Ho- tels and Tourism. vmrnfh 2014-15 c&D;oGm;&moD twGif; jynfwGif;odkY vma&mufvnfywf rnfh EdkifiHjcm;c&D;onfta&twGufoHk; oef;cefY0ifa&mufrnf[karQmfrSef;xm; NyD;? tqdkygc&D;oGm;rsm;xHrS&&Sdrnfh0ifaiG udkwGufcsufMunfhvQifc&D;oGm;vkyfief; wpfckvHk;rS 0ifaiGuefa':vm 1.2 oef;cefYtxd &&SdEdkifaMumifc&D;oGm;vkyf ief;&Sifrsm;u oHk;oyfajymqdkonf/ ]]2013 ckESpftwGif;rSm vma&muf vnfywfwJhurÇmvSnfhc&D;oGm;ta& twGuf 2.4 oef;ausmf&SdcJhNyD;? 0ifaiG taeeJY uefa':vmoef; 900 ausmf &&SdcJhw,f/tckvmr,fh 2014-15 c&D; oGm;&moDtwGufjrefrmEdkifiHudkvma&muf vnfywfr,fh EdkifiHjcm;om;ta&twGuf udk 3 oef;txd cefYrSef;xm;wmqdkawmh c&D;oGm;vkyfief;awGuae EdkifiHjcm;0ifaiG uefa':vmoef; 1200 (uefa':vm 1.2 bDvsH ) eD;yg;&&SdvmEdkifw,f}}[k c&D;oGm;vkyfief;&SifOD;at;ausmfu ajym onf/ jrefrmEdkifiHodkY vma&mufvnfywfrnfh EdkifiHjcm;c&D;oGm;rsm;onf jynfwGif;ü tenf;qHk; ESpf&ufcefY aeMurnfjzpfNyD;? xdkodkYvma&mufvnfywfonfh EdkifiHjcm; c&D;oGm;{nfhonfwpfOD; aiGaMu;oHk;pGJrI yrmPtm; wnf;cdkp&dwfygwGufrnfqdk vQif yQrf;rQtm;jzifh a':vm 400 cefY&Sd EdkifaMumif;OD;at;ausmfuqufvufajym onf/ jrefrmEdkifiHodkY vma&mufvnfywfonfh EdkifiHjcm;c&D;onfrsm;teuf Oa&my EdkifiH rsm;&SdjyifopfEdkifiHom;rsm;ESifhtm&SEdkifiH rsm;xJ&Sdf tdrfeD;csif;xdkif;EdkifiHrS trsm;qHk; vma&mufvnfywfjcif;jzpfonf/ Shwedagon Pagoda, one of Myanmar’s most famous tourist sites. UAung/Xinhua Foreign investment reaches $3.6b in FY2013-14 Phyu Thit Lwin C ontracted foreign direct investment (FDI) in My- year 2012-13, which means Myanmar could triple FDI facturing sector while 20 percent went to the telecom- munication sector, said U Aung Naing Oo, director gen- eral of the Directorate of Investment and Companies Administration (DICA) under the Ministry of National Planning and Economic Development. He said there were no short-term foreign direct in- vestments in Myanmar, as a new law on FDI requires a timeframe of at least 20 years. Myanmar enacted a new foreign investment law in November 2012, replacing the over-two-decade-old similar law in a bid to further attract foreign invest- ment. Myanmar was shunned by the West during the military junta rule from 1988 to 2010, and economic sanctions made it harder for the former-pariah state dropped in 2012, as President U Thein Sein embarked on a series of political and economic reforms since he “More special economic zones will be built to make it convenient for foreign investors to invest in the coun- try,” U Aung Naing Oo said. In 2014-2015 FY, foreign banks will be allowed to op- erate in Myanmar, which is expected to up the FDI in- Contd. P 9...

    March 13-19, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 8 Myanmar Summary Summit in Myanmar President calls on regional organisation to promote development Wai Linn Kyaw T hree major deals were inked during the third Bay of Bengal Initia- tive for Multi-sectoral Techni- cal and Economic Cooperation (BIMSTEC) Summit held in Myanmar’s capital Nay Pyi Taw. The agreements include two Memoranda of Association (MoAs) and one Memorandum of Understanding (MoU) on setting up BIMSTEC’s Secretar- a meteorology and hydrology department in Noida, India and cultural department in Thimpu, Bhutan. President U Thein Sein called on the seven-member regional body to promote development of the peoples of BIMSTEC, stronger cooperation that will sustain the momentum of the group. “Our top priority is to allevi- ate poverty in the region and improve the quality of life and well-being of our peoples,” he said. “We are now working togeth- er in 14 sectors including trade and investment, technology, energy, transport and commu- - riculture, cultural cooperation, environment and disaster man- agement, public health, people- to-people contract, poverty alleviation, counter-terrorism and transnational crime, and climate change.” He said the member states need to combine their strengths and resources to engage with other international bodies in addressing non-traditional and transnational challenges of cli- mate change, natural disasters, energy and food security. “Through the collective en- deavours and in a spirit of equality and partnership, we will certainly be accelerating economic growth and social progress in the sub-region.” The member countries – Bangladesh, Bhutan, India, My- anmar, Nepal, Sri Lanka and Thailand – also issued a decla- ration, which called for expe- into the BIMSTEC Convention on Cooperation in Combating International Terrorism. - nalise the draft Agreement on Trade in Goods with General Rules of Origin and Product towards signing the Agreement on Dispute Settlement Proce- dures and the Agreement on Cooperation and Mutual Assis- tance in Customs Matters. The third BIMSTEC summit and its related meetings were held from March 1-4. The First and Second BIMSTEC Sum- mits were held in Thailand in 2004 and in India in 2008. Al- though Myanmar has assumed BIMSTEC Chair since 2009, there has been a delay in ap- proval by members for Myan- mar to host the third Summit. The 13th ministerial level meet- ing held in Nay Pyi Taw in 2011 approved Myanmar to host the third BIMSTEC Summit and re- lated meetings. jrefrmEdkifiH tkyfcsKyfa&;NrdKUawmf aejynfawmfü usif;yjyKvkyfcJhaom Bay of Bengal Initiative for Multi- sectoral Technical and Economic Cooperation (BIMSTEC) xdyfoD; awGUqHkaqG;aEG;yGJwGif t"duoabm wlnDcsuf 3 &yfudk vufrSwfa&;xdk;cJh aMumif; od&onf/ tqdkygoabmwlnDcsufrsm;wGif Memoranda of Association (MoAs) 2ckESifh MemorandumofUnderstanding (MoU) wpfckyg0ifaMumif; od&onf/ or®wOD;odef;pdefu BIMSTEC jynfolrsm;zGHUNzdK;wdk;wufa&;aqmif&Guf csufrsm;udk wdk;jr§ifhvkyfaqmif&eftwGuf wdkufwGef;cJhovdk tzGJUtpnf; wdk;wuf rIt&Sdeft[kefudk a&&SnfwnfwHhap&ef twGuf ydkrdkcdkifrmaumif;rGefaomyl;aygif; aqmif&GufrIrsm;udk BudK;yrf;tm;xkwf aqmif&GufoGm;&efvnf;wdkufwGef;cJh aMumif;od&onf/ rdrdwdkYtwGuf t"duta&;tygqHk; tcsufrSm a'owGif; qif;&JEGrf;yg;rIudk avQmhcs&efESifh vlaerIb0rsm;wdk;wuf vmap&efjzpfaMumif; or®wOD;odef;pdef u ajymMum;cJhonf/,ckvuf&SdtcsdefwGif ukefoG,frIESifh &if;ESD;jr§KyfESHrI? enf;ynm? pGrf;tif? o,f,lydkYaqmifa&;ESifh quf oG,fa&;?c&D;oGm;vma&;?a&vkyfief;rsm;? pdkufysKd;a&;vkyfief;? ,Ofaus;rIyl;aygif; aqmif&Gufa&;? obm0ywf0ef;usifESifh ab;tEÅ&m,fuyfqdk;rsm;tm; pDrHcefYcGJrI? trsm;jynfolusef;rma&;? qif;&JEGrf;yg;rI avQmhcsa&;? tMurf;zufrIwdkufzsufa&; ESifh &mZ0wfrIrsm;ESdrfeif;a&;wdkYtygt0if u@aygif; 14 ckwGif yl;aygif;vkkyfudkif aqmif&GufaeMuaMumif;vnf; od&onf/ (L to R) Bangladesh Prime Minister Sheikh Hasina, Bhutan Prime Minister Tshering Tobgay, Indian Prime Minister Manmo- han Singh, Myanmar President U Thein Sein, Nepal’s Prime Minister Sushil Koirala, Sri Lankan President Mahinda Raja- paksa, and Thai Foreign Ministry’s Permanent Secretary Sihasak Phuangketkeow pose for group photos during the opening ceremony of the third Bay of Bengal Initiative for Multi-sectoral Technical and Economic Cooperation (BIMSTEC) Summit at Myanmar International Convention Center (MICC) in Nay Pyi Taw. UAung/Xinhua Nwe Zin T he Department of Civil Aviation (DCA) in April will invite tenders from private companies to upgrade and operate the country’s local The move comes as the gov- ernment moves to privatise My- anmar’s civil aviation sector to - vide better services. “We will give priority to pri- vate entrepreneurs who have experiences in dealing with airport operation and upgrade process. The bidding and selec- tion process will be transpar- ent,” U Win Swe Tun, Deputy Director of DCA said. “We want to privatise airports because private companies can bring in new ideas and modern technology. When an airport is state-run, there are limitations. We can’t expand or upgrade as much as we would like to be- cause of shortage of funds,” he said. “There are many roles a pri- vate company can play in an airport. Businesspeople can choose the role they are inter- ested in and can participate.” Foreign companies will not be able to bid as 100 percent foreign-invested entities, rather they have to form joint ventures with local partners, he said. In Myanmar, a total of 27 lo- cal airports serve 33 airlines on a daily basis. Myanmar Summary jrefrmEdkifiHtwGif;&Sd jynfwGif;avqdyf 30 ckudk yk*¾vdurS vTJajymif;vkyfudkif Edkif&ef {NyDvwGif wif'gac:,lrnfjzpf aMumif; avaMumif;ydkYaqmifa&;ñTefMum; rIOD;pD;XmerS owif;&&Sdonf/ jrefrmEdkifiHNrdKUjyavaMumif;vkyfief; wGif yk*¾vdutcef;u@ jrifhrm;wdk;wuf ap&ef 0efaqmifrItqifhtwef;ydkrdk aumif;rGefvmap&ef? tvkyftudkiftcGifh tvrf;rsm; ay:xGufvmap&ef? NrdKUjy avaMumif;taqmufttHkESifhenf;ynm tqifhtwef;jrifhrm;vmap&efESifh EdkifiH awmftpdk;&b@ma&;toHk;p&dwfavQmhcs Edkifap&ef&nf&G,fumyk*¾vduodkY vTJajymif; vkyfudkifcGifhay;rnfjzpfaMumif; od&onf/ xdkYtjyif avqdyfwpfckcsif;pDwGif tcef; u@wpfckcsif;pDtvdkuf vkyfudkifvdkaom vkyfief;&Sifrsm;taejzifhvnfu@wpfck csif;pDudkvkyfudkifEdkifaMumif; od&onf/ Passengers board a plane in Thandwe Airport in Ngapali, Rakhine state. SherpaHossainy

    March 13-19, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 9 Myanmar Summary S ingapore-based light- ing solutions provid- er Krislite has teamed up with General Electric (GE) Lighting in a bid to - ny’s solutions and products to projects and developers in Myanmar. Through the deal, Kris- of GE Lighting’s extensive portfolio of products and solutions, GE Lighting said in a statement. The range of application includes the latest energy - gies for roadway lighting, “better and more reliable lighting quality while low- ering the energy cost,” GE said. Jack Tan, country man- ager GE Lighting Myan- mar, said, “We hope to share our knowledge and expertise in the lighting industry, help Myanmar develop their lighting in- frastructure and increase Kyaw Min pifumyltajcpdkufvQyfppftoHk; taqmifypönf;rsm; xdef;odrf;jyK jyifajz&Sif;rIrsm;udk jyKvkyfay; onfh Krislite onf General Electric (GE) ESifh yl;aygif;í jrefrmEdkifiHwGif pDrHudef;rsm;ESifh zGHUNzdK;wdk;wufa&;azmfaqmifolrsm; udk ukrÜPDxdef;odrf;jyKjyifajz&Sif; enf;rsm;tm; axmufyHhay;&ef twGuf &nf&G,fí GE ESifh yl;aygif;í aqmif&GufoGm;rnfjzpf aMumif; od&onf/ &efukefwdkif;a'oBuD;0efBuD; csKyf OD;jrifhaqGu ,ckuJhodkY vkyfief;BuD; 2 &yfrSyl;aygif;um aqmif&GufoGm;rnfjzpfonfh twGuf jrefrmEdkifiHtwGuf taumif;qHk;&v'frsm;udk&&Sd vmEdkifaprnfjzpfovdk wdkif;jynf arQmfrSef;csufjzpfaom pD;yGm; a&;zGHUNzdK;wdk;wufrIudktaumif txnfazmfaqmif&Guf&mwGif taxmuftulrsm;pGmjyKoGm; EdkifvdrfhrnfjzpfaMumif;ajymMum; cJhonf/ From L-R) Jack Tan, country manager, GE Lighting for Singapore, Brunei & Myanmar, and Sims Teo, director, Krislite Pte Ltd, signing the Myanmar distributor agreement between GE Lighting and Krislite. aid in the country’s devel- opment. “We have established a foothold in Myanmar and she has become one of our most important partners as we stride towards a brighter future,” Tan said. U Myint Swe, chief min- ister for Yangon Region Government, said, “I’m sure the collaboration of these two experts will pro- duce a fruitful result for Myanmar and become a core stimulant that helps drive the development of our country.” GE Lighting employs over 17,000 people in more than 100 countries. In the last one and a half year, GE has made sev- eral deals in healthcare, aviation and power gen- eration sectors with local companies. Krislite has market presence in Singapore, Myanmar and China through projects in city infrastructure, public and residential sectors. Myanmar received over $1 billion in FDI in the month of January alone with Singapore as the top investor, fol- lowed by Hong Kong, South Korea and Japan. Those countries invested most in the garment, manufacturing and beverage distribution sectors, as well as communi- cation. January’s bump in FDI was driven by natural gas, petroleum, hotels and tourism, and marine sector investments, DICA data shows. Singaporean companies have been expanding their investments in sectors such as energy, construction, hotels and tourism, agriculture and industrial sectors, making it the largest foreign investor in the country in 2013, according to DICA. The Myanmar Investment Commission allowed a to- tal of 13 foreign investments in January. Of those, three companies are from Singapore and Hong Kong, two from South Korea and Japan and the rest from China, Thailand and the United Kingdom. As of December last year, the total amount of foreign investment was $44.2 billion. “Hotels and tourism sector is receiving a lot of foreign investment and we expect this sector to receive more in The ministry gave the green light to 39 foreign inves- tors to work in Myanmar’s hotel and tourism sector last year. Those companies invested $1.9 billion in 2013, DICA data show. Myanmar Summary 2013-2014 b@ma&;ESpf 11 vwmtwGif; jrefrmEdkifiHodkY EdkifiHjcm;wdkuf½dkuf&if;ESD;jr§KyfESHrIjyKvkyfcJhonfhyrmPrSm tar&duef a':vm 3.6 bDvD,Htxd&SdcJhaMumif; pD;yGm;a&;ESifhul;oef;a&mif;0,f a&;0efBuD;XmerS xkwfjyefaomtcsuftvufrsm;t& od&onf/ 2012-2013 ckESpfwGif jrefrmEdkifiHwGif;EdkifiHjcm;wdkuf½dkuf&if;ESD;jr§KyfESH rIrSm tar&duefa':vm 1.4 bDvD,H&SdcJhonfhtwGuf jrefrmEdkifiHodkY EdkifiHjcm;&if;ESD;jr§KyfESHrIpD;0ifrIrSm 3 qeD;yg; wdk;wufvmaMumif; od& onf/ pkpkaygif;EdkifiHjcm;&if;ESD;jr§KyfESHrI 50 &mcdkifEIef;onf ukefxkwf vkyfrIu@wGifjzpfNyD; 20 &mcdkifEIef;rSmqufoG,fa&;u@wGifjzpf aMumif;DICA rSñTefMum;a&;rSL;csKyfjzpfolOD;atmifEdkifOD;uajymMum; cJhonf/ GE

    March 13-19, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 10 Myanmar Summary Becomes the first environmental consultancy E NVIRON, an internation- al environmental, health, safety and sustainabil- ity consultancy, has established its operations in Myanmar, ronmental consultancy on the announced. “This is a time of great change in Myanmar, and there is tre- mendous need for the services ENVIRON provides in sup- porting sustainable economic development,” said Stephen Washburn, ENVIRON Chief allows us to work more closely with clients and other stake- holders to make sure these needs are met.” demand in Myanmar for envi- ronmental and social impact assessments (ESIAs) of pro- posed development projects, as well as related services such as site evaluation and selection, permitting, water resources, air quality management, human health and ecological assess- ment, and environmental man- agement systems. Juliana Ding, managing di- tions, said: “Myanmar has an emerging regulatory framework aimed at ensuring environmen- tal protection and sustainable development, and being on the ground is critical to supporting clients as they establish opera- tions in Myanmar.” Principal Consultant and Di- rector Dr Virginia Alzina, based in Yangon, will manage the My- anmar operations, whose. Dr Alzina’s expertise includes In- ternational ESIA practices and Nwe Zin standards such as the Equator Principles, the International Finance Corporation Perfor- mance Standards and other in- requirements. “These are exciting times to be on the ground in Myanmar,” Alzina said. ENVIRON has over 1,000 consultants operating from countries. obm0ywf0ef;usif? usef;rma&;? ab; uif;vHkNcHKrIESifha&&SnfwnfwHhzGHUNzdK;rIu@ qdkif&mtjynfjynfqdkif&mtwkdifyifcHvkyf ief;BuD;jzpfaom ENVIRON onf jrefrmEdkifiHwGif vkyfief;pwifaqmif&GufcJh NyDjzpfNyD; jrefrmEdkifiHwGif yxrOD;qHk; obm0ywf0ef;usifqdkif&mtwdkifyifcH vkyfief;wpfcktjzpf &yfwnfvmaMumif; od&onf/ ,cktcsdeftcgonf jrefrmEdkifiH tBuD;rm;qHk;jyKjyifajymif;vJrIrsm;jzpfay: aeaomtcsdefjzpfNyD; tBuHay;0efaqmifrI rsm;udkvnf; trsm;tjym;vdktyfaeovdk ENVIRON taejzifh a&&SnfwnfwHh aompD;yGm;a&;zGHUNzdK;rIwpf&yftm; taxmuf tuljyKEdkifrnfjzpfaMumif; ENVIRON trIaqmift&m&SdcsKyfjzpfol Stephen Washburn u ajymMum;cJhonf/ jrefrmEdkifiH&Sd ENVIRON ½Hk;topf onfazmufonfrsm;?tjcm; stakeholder rsm;ESifh ydkrdktqifajyacsmarGUpGmvkyfief; aqmif&GufvmEdkifaprnfjzpfNyD; vdktyf csufrsm;udk taotcsmjznfhqnf;Edkif vmaprnfjzpfaMumif;vnf; od&onf/ jrefrmEdkifiHwGif zGHUNzdK;wdk;wufa&;pDrHudef; rsm; trsm;tjym; azmfaqmifvkyfudkif vmEdkifrnfjzpfonf/ S ingapore-based consor- tium Creative Professional Groups (CPG) has won a tender bid to get selected as the phyu Special Economic Zone (SEZ) in Myanmar’s southeast- ern Rakhine state. CPG came out on top out of a total 17 companies that bid for the tender worth $2.5 million, while Netherland-based KPMG was selected as backup, joint secretary of the Kyaukphyu SEZ bid evaluation and awarding committee, U Aung Kyaw Than, told a news conference. A total of 31 companies expressed in- terest to take part in the bid in The estimated expenditure for Kyaukphyu SEZ is about $277 million, bid evaluation and awarding committee secre- tary U Myint Thein said, adding that the consultant will receive 5 percent of the estimated ex- penditure according to interna- Zayar Phyo tional practice. CPG will provide consultancy services regarding land issues, nance and project programs and calling tenders to recruit the SEZ developer. The CPG consortium com- DTZ, G Maps and PM Link, U Aung Kyaw Than said. “Kyaukphyu SEZ is not a state project but a private one. The deep sea port here will facilitate ocean liners and there are a lot of opportunities as this SEZ is close to big markets of India and Chi- na,” Deputy Minister for Finance U Maung Maung Thein said. The SEZ is being developed one – a conceptual plan – have economists, businesspeople and Kyaukphyu locals. Selecting the consultant was the second stage, while the third one involves invit- ing tenders for a developer. The fourth stage will see the construc- tion of the 1,000-acre SEZ. ausmufjzLtxl;pD;yGm;a&;ZkefpDrHcefYcJG a&; twGuf &if; ESD; wnf aqmufol Developer twGuf pifumylEdkifiHtajc pdkuf CPG (Creative Professional Groups) tBuHay;ukrÜPDtm; tar&d uefa':vm 2 'or 5 oef;jzifh iSm;&rf; cJhonfhtjyif t&efukrÜPDtjzpf KPMG ukrÜPDudkyg xyfrHa&G;cs,fxm;aMumif;? rwfv 3 &ufwGifusif;yaomausmufjzL txl;pD;yGm;a&;ZkeftBuHay;ukrÜPDwif'g ac:,lppfaq; a&G;cs,frIowif;pm&Sif; vif;yGJwGif od&onf/ wif'g0ifa&muf,SOfNydKifMuonfh tBuH ay;ukrÜPDtkyfpk 17 tkyfpkxJrS txufyg tBuHay;ukrÜPDrsm;udktqifhqifha&G;cs,f cJhjcif;jzpfNyD; enf;ynmydkif;ESifh b@ma&; ydkif;wGif tjcm;ukrÜPDrsm;xuf omvGef jcif;aMumifh a&G;cs,fcJhjcif;jzpfonf[k wif'gac:,la&;ESifh pdppfa&G;cs,fa&; aumfrwDwGJzuftwGif;a&;rSL; OD;atmif ausmfoef;u owif;pm&Sif;vif;yGJwGif ajymMum;cJhonf/ Myanmar Summary DamirSagolj/Reuters

    March 13-19, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 11 Myanmar Summary Myanmar Summary T he Obama administration 2012 bill that left a World Bank agency out of a list of 12 - tions that could receive US sup- port to promote development in Myanmar. The Multilateral Investment Guarantee Agency (MIGA) pro- motes foreign direct investment in emerging markets by pro- tecting private investors from various forms of political risk. “Because of this technical problem, the United States is still required to oppose guar- antees provided by MIGA for private investment in Burma,” the Obama administration said in its budget request submitted 2015, which begins October 1. With only 130 employees, MIGA is one of the smallest institutions within the World Bank. More than 10,000 peo- ple work for the main World Bank unit and over 3,000 peo- ple at the International Finance Corporation, its private sector lending arm. According to the US budget request, several MIGA projects are planned for Myanmar that the United States would be forced to oppose because of the error. Anna Yukhananov Congress for years banned the United States from backing any development loans to the Southeast Asian nation, which was ruled by a military junta accused of human rights viola- tions. - er, the military government stepped aside and the country launched a series of economic and political reforms, prompt- ing a rapid rapprochement with Washington. Reuters A merican information and measurement com- pany Nielsen Holdings NV has formed a joint venture - mar Marketing Research & De- velopment Co Ltd (MMRD) in a bid to provide their clients with Myanmar marketplace and consumer behavior informa- tion, the companies announced. The joint venture entity, Nielsen MMRD, will see the two organisations combine their ca- pabilities to “help companies which are established in Myan- mar or have plans to enter the market to understand the mar- ket and consumer dynamics,” the companies said in a joint statement. “With a population of over 56 million, Myanmar is the second largest country in ASEAN and one of the last remaining un- tapped frontiers for our clients, and we look forward to working closely with the MMRD team to help our combined client base gain the deepest insight into Myanmar’s marketplace and consumers,” Suresh Ramal- ingam, Nielsen’s Managing Di- rector of Thailand and Vietnam Cluster. “We are excited to begin this collaboration with MMRD, a highly-respected and well-es- Pann Nu in Myanmar.” U Moe Kyaw, Nielsen Senior Advisor and Managing Director the joint venture arrangement as a pivotal opportunity to re- alise its vision to deliver wider international exposure to its clients while broadening the depth of its services. “We’ve seen a substantial in- crease in demand for insights on Myanmar, evidenced by the 88.5 percent net growth in mar- ket research reported by ESO- MAR, and we are now much better-positioned to help our clients here and abroad to un- derstand our unique market- place.” U Moe Kyaw said recent po- litical reforms coupled with a large, young population and healthy economic outlook make Myanmar a highly attractive market. “The market is shifting rap- idly, however, with burgeon- ing media usage and evolving purchasing behaviour. Staying abreast of changing consumer habits will be a critical success factor for local and multina- tional companies alike in the years ahead.” Nielsen has a presence in ap- proximately 100 countries, with headquarters in New York, USA, and Diemen, the Nether- lands. Nielsen is active in over 100 countries and employs ap- proximately 35,000 people worldwide, with total revenues of $5.7 billion in 2013. MMRD was established in market research agency. It has 250 research professionals in the country. tar&duef owif;tcsuftvuf ESifh okawoevkyfief;jzpfaom Nielsen Holdings NV onf jrefrmEdkifiH jynfwGif;okawoevkyfief;wpfckjzpfonfh Myanmar Marketing Research & Development Co Ltd (MMRD) ESifh yl;aygif;í jrefrmhEdkifiHaps;uGuftae txm;ESifhpm;oHk;olowif;tcsuftvuf axmufyHhay;oGm;Edkif&eftwGuf aqmif &GufoGm;rnf[k tqdkygukrÜPDrsm;rS xkwfjyefaMunmcJhonf/ tqdkygtusKd;wlvkyfief;jzpfonfh Nielsen MMRD taejzifh vkyfief; ESpfckpvHk;pGrf;aqmif&nfrsm;udk yl;aygif; í jrefrmEdkifiHwGif vkyfief;wnfaxmif xm;onfhukrÜPDrsm; odkYr[kwf jrefrmh aps;uGufodkY 0ifa&mufvdkNyD; aps;uGuf ESifh pm;oHk;olowif;tcsuftvuftajc taersm;udk em;vnfoabmaygufvdk onfhvkyfief;rsm;twGuf ulnDay;oGm; rnf[k od&onf/ jrefrmEdkifiHzGHUNzdK;wdk;wufa&;taxmuf tyHhrsm;ay;&eftwGuf tar&duefrS w&m;0ifb@ma&;tzGJUtpnf;rsm;udk owfrSwfí Oya'jy|mef;&mwGif urÇmh bPftzGJU at*sifpDwpfckjzpfaom Multilateral Investment Guarantee Agency(MIGA)rSm tqdkygtzGJUtpnf; pm&if;wGif yg0ifvmjcif;r&SdbJ usef&Sdae cJhonfhtwGuf tar&dueftpdk;&u 2012 ckESpfOya'rlMurf;tm; jyifqif&ef twGuf uGef*&ufodkY ajymMum;vdkuf aMumif; od&onf/ tvkyform;aygif; 130 rQom&SdNyD; MIGA onf urÇmhbPftzGJUtpnf; BuD; tpdwftydkif;i,fwpfckomjzpf aomfvnf; jrefrmEdkifiHtm; zGHUNzdK;wdk;wuf a&;taxmuftyHhrsm;ay;&mwGif tvGef ta&;ygaomat*sifpDwpfckjzpfaeonf/ jrefrmEdkifiHtwGuf MIGA rS pDpOf xm;aom tpDtpOfrsm;usef&Sdaeonf/Nielsen and MMRD aim to provide clients with Myanmar marketplace and consumer behaviour information. Xinhua JonathanErnst/Reuters

    March 13-19, 2014 Myanmar Business Today mmbiztoday.com LOCAL BIZ 12 Given high reliance on the abundant natural resources and low productivity in agriculture, Myanmar’s economy is vulnerable to potential shocks. SoeZeyaTun/Reuters “While it does not directly threaten the growth momentum or the ongoing reforms, it does have potential to dampen investor interest in the West, shift resources from economic development to political consolidation and aggravate domestic divisions.” xdef;odrf;Edkifrnfjzpfonf/or®wOD;odef;pdef tpdk;&onf tkyfcsKyfa&;wm0efrsm;udk pwifxrf;aqmifpOfrSpNyD; jyKjyifajymif;vJ rIrsm;pGmudk azmfaqmifcJhNyD; 0g&SifwefESifh Oa&myEdkifiHrsm;ESifhvnf; qufEG,frIudk wdk;wufvmatmif BudK;yrf;EdkifcJhonf/ xdkYtwGufaMumifh taemufEdkifiHrsm;rS ukefoG,frIrsm;ESifh&if;ESD;jr§KyfESHrIrsm; vsifjref pGmwdk;wufvmcJhonf/ pD;yGm;a&;t&qdkvQif jrefrmEdkifiHonf &mpkESpf0ufeD;yg; wdk;wufrIr&SdcJhbJ yx0D EdkifiHa&;t& oD;jcm;&yfwnfcJh&rIaMumifh vnf;jzpfonf/aumif;rGefzGHUNzdK;rIr&Sdao; onfh tzGJUtpnf;qdkif&mpGrf;aqmifrIrsm; ESifh 0ifaiGydkif;wGif tm;enf;csufrsm; aMumifh b@ma&;vdkaiGjyrIrsm;udkvnf; awGUBuHKcJh&onf/&v'ftaejzifhrwnfNidrf aom aiGaMu;azmif;yGrIrSm 2001 ckESpfrS 2010 ckESpftwGif; ysrf;rQtm;jzifh 23 &mcdkifEIef;txd&SdaecJhonf/ jrefrmEdkifiHonf t&G,ftpm;t& ydkrdk BuD;rm;ovdki,f&G,faomvkyfom;tiftm;? obm0"mwfaiGU? aMu;eD? uRef;opfESifh ausmufrsuf&wemrsm;tygt0if aygrsm; <u,f0aom obm0o,HZmwrsm;vnf; &Sdaeonf/2012-2013 b@ma&;ESpf wGif jrefrmEdkifiHpD;yGm;a&;zGHUNzdK;wdk;wufrI EIef;rSm 6.5 &mcdkifEIef;&SdcJhonf/obm0 "mwfaiGUxkwfvkyfrIrsm;?0efaqmifrIu@? aqmufvkyfa&;u@rsm;wGif EdkifiHjcm; &if;ESD;jr§KyfESHrIrsm;ydkrdk&&Sdvmjcif;ESifh vloHk; ukefypönf;rsm; wifydkYrIydkrdktm;aumif;vm foreign investment and strong commodity exports, it is on track to grow 6.9 percent in the medium-term. As it seeks to diversify its for- eign trade and investment, Nay Pyi Taw is amidst a delicate bal- ancing act between Chinese and Western capital. To succeed, it its old and new investors. Do- mestically, the critical challenge will be to use these resources to diversify the country’s nascent industrial structure. The emergence of Myanmar has often been compared with that of Asia’s tiger economies in the 1960s and 1970s, and China in the 1980s. There is a major past decades, emerging econo- booming global integration. To- day, the global landscape is far more challenging. True, recently global activity has picked up as growth pros- half of 2013, thanks to the lin- gering recovery in the advanced economies. But in these nations, growth remains policy-driven and is not yet self-sustained. While the US has recovered fastest, its exit from the mon- etary stimulus is likely to take until the end of 2010s. Europe will cope with policy-driven support well into the 2020s. And Japan hopes to overcome its two “lost decades” with a bold reform gamble. - cial volatility has recently af- fected certain emerging and ad- vanced economies, as markets reassess their fundamentals. This volatility began to rise last when the US Fed started its ta- pering, and peaked in January after the Fed continued to taper. Given high reliance on the abundant natural resources and low productivity in agriculture, Myanmar’s economy is vulner- able to potential shocks, how- ever. Defuse risks Let’s focus on the common denominators in those fragile emerging economies that were penalized the most. Typically, - persistent, long-standing politi- cal uncertainty fuelled by im- pending elections. Unlike India, Indonesia, Bra- zil, Turkey or South Africa, My- anmar has not been adversely On the contrary, the outlook is positive and the economy’s growth could rise to 6.9 percent in the medium-term, as long as the reform momentum will pre- vail. While reforms do protect My- anmar in the long-term, the short-term challenges are a dif- ferent story. After all, while Myanmar’s percentoftheGDP,thecurrency percent of the GDP in 2012/13. - ed the country, but was barely 2.8 percent in 2012/13; howev- the back of food prices, housing rental costs and fuel. So economic risks exist, but remain subdued as long as there is a solid growth momen- tum. What about political risk? The next general election is due by November 2015. While the National League for De- mocracy has said that it would participate in the election even without a constitutional amend- ment, its leader Aung San Suu Kyi has vowed to challenge the old charter that blocks anyone whose spouse or children are overseas citizens from leading the country. Political risks do exist and may intensify, but as long as they will not cause political fragmentation, reform momen- tum can be sustained. However, Myanmar’s internal ethnic and religious friction is not directly threaten the growth momentum or the ongoing re- forms, it does have potential to dampen investor interest in the West, shift resources from eco- nomic development to political consolidation and aggravate domestic divisions. Toward decisive and accelerated progress Further, not all risks are in- ternal. In any major crisis, transmission channels play a central role. Even if progress will prevail internally, but fails externally, Myanmar would be and investment

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