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April 24-30, 2014

Myanmar Business Today


mmbiztoday.com
mmbiztoday.com April 24-30, 2014| Vol 2, Issue 16 MYANMARS FIRST BILINGUAL BUSINESS JOURNAL
Myanmar Summary
Myanmar Summary
Contd. P 6...(ALB) Contd. P 6...(ALB) Contd. P 6...(ASLA)
Contd. P 6...(ASLA)
Inside MBT
PowerIng Myunmur (PurL
).. P-
TroubIed PIpeIInes In Myun-
mar.. P-
OV Lo geL SLuke In Myun-
mur OsIore BIock DespILe
osIng.. P-q
Economy to Grow 7.8pc in Next Two Fiscals: ADB
Infation to soar to 6.6pc in FY2014 and 6.9pc in FY2015
Kyaw Min
M
yunmur`s econo-
my Is IorecusL Lo
posL ucceIeruLed
growLI oI ;.8 percenL In
LIe nexL Lwo hscuI yeurs
compured Lo LIe recenLIy-
ended hscuI, benehLLIng
Irom rIsIng InvesLmenL
und Improved busIness
conhdence sInce LIe gov-
ernmenL sLurLed Lo revIve
und open LIe economy
LIree yeurs ugo, LIe AsIun
DeveIopmenL Bunk (ADB)
suId.
TIe SouLIeusL AsIun
counLry`s economIc
growLI Ior LIe hscuI yeur
zo1-1q wIIcI ended In
MurcI Is esLImuLed uL ;.
percenL, supporLed by
IoreIgn InvesLmenL, com-
modILy exporLs, buoy-
unL LourIsm und credIL
growLI, LIe MunIIu-bused
Iender suId In ILs recenL
AsIun DeveIopmenL OuL-
Iook zo1q reporL.
A number oI deveI-
opmenLs IusL yeur con-
LrIbuLed Lo ruIsIng My-
unmur`s InLernuLIonuI
prohIe us un InvesLmenL
desLInuLIon, IncIudIng LIe
uwurd oI LeIecommunIcu-
LIons IIcences, seIecLIon
oI InLernuLIonuI Inves-
Lors us preIerred bIdders
Ior deveIopIng uIrporLs,
und IosLIng oI LIe WorId
EconomIc orum on EusL
AsIu und LIe SouLIeusL
AsIun Gumes.
Myunmur Ius under-
gone un unprecedenLed
LrunsIormuLIon sInce IL
unnounced u serIes oI re-
Iorms LIree yeurs ugo,
suId ADB PresIdenL Tuke-
IIko Nukuo.
ADB Is keen Lo supporL
InvesLmenL In LIe energy,
LrunsporL, urbun, ugrIcuI-
Lure, und socIuI secLors
sucI us educuLIon und
IeuILI, wIIcI IeIp buIId
LIe IounduLIons Ior IncIu-
sIve growLI, Ie suId.
However, ADB suId rIsks
Note: Years are fscal years, ending March31 of the following calendar year
International Monetary Fund, ADB estimates
ASEAN Agrees to Myanmars
Financial Inclusion Proposal
Wai Linn Kyaw
A
SEAN hnunce mIn-
IsLers Iuve ugreed
Lo Myunmur`s
proposuI Lo enIunce u
hnuncIuI IncIusIon sys-
Lem wIIcI uIms Lo IeIp uII
peopIe In LIe regIon geL
uccess Lo hnuncIuI servIc-
es, u mInIsLer suId.
We ugreed Lo enIunce
ASEAN`s hnunce coop-
eruLIon In our endeuvours
Ior economIc InLegruLIon
In order Lo supporL ImpIe-
menLuLIon oI LIe ASEAN
EconomIc CommunILy
(AEC), U WIn SIeIn,
mInIsLer Ior hnunce, suId
uL LIe 18
LI
ASEAN Inunce
MInIsLers MeeLIng In Nuy
PyI Tuw.
urLIer dIscussIon
ubouL LIe proposuI wIII
be mude uL u conIerence
IeveI, U WIn SIeIn, wIo
Is uIso LIe cIuIr oI LIe re-
gIonuI meeLIng, suId.
TIe meeLIng dIscussed
LIe regIonuI und gIobuI
economIc ouLIook, u posL-
zo1 vIsIon Ior LIe AEC
und cIuIIenges In bunkIng
secLor reIorms. L Iocused
on deveIopIng LIe hnun-
cIuI IncIusIon sysLem In
order Ior everyone Lo geL
uccess hnuncIuI servIces
us Myunmur peopIe ure
very weuk In usIng h-
nuncIuI servIces, U WIn
SIeIn udded.
He suId LIe mInIsLers
ure commILLed Lo Iu-
cIIILuLe robusL economIc
growLI In LIe regIon und
Lo Increuse LIe regIon`s
resIIIence uguInsL cIuI-
Ienges.
n u joInL mInIsLerIuI
sLuLemenL LIe ASEAN
hnunce mInIsLers suId:
We reum rmed our com-
mILmenL Lo reuIIsIng LIe
gouIs oI LIe AEC. We con-
LInued our ucLIvILIes In
vurIous ureus under LIe
Roudmup Ior MoneLury
und InuncIuI nLegruLIon
oI ASEAN.
TIe mInIsLers uIso ex-
cIunged vIews wILI LIe
AsIun DeveIopmenL Bunk
(ADB), WorId Bunk, LIe
nLernuLIonuI MoneLury
und (M) und LIe ASE-
AN+ MucroeconomIc
ReseurcI Om ce (AMRO)
on LIe rIsks und poIIcy
cIuIIenges In u bId Lo
muInLuIn hnuncIuI und
economIc sLubIIILy.
MunugIng DIrecLor oI
LIe nLernuLIonuI Mon-
eLury und (M) Nuoy-
. , . ._ . .. . ~~ . . .. :.
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~ .~~ q, .,. , .q._~: . ~:q
e_e.~.~~.q.~ ADB .
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. ~. : . .. :..q.~._.~.,.:.
April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
2
LOCAL BIZ
MYANMARS FIRST BILINGUAL BUSINESS JOURNAL
Board of Editors
Editor-in-Chief - Sherpa Hossainy
Email - sherpa.hossainy@gmail.com
Ph - 09 42 110 8150
Editor-in-Charge - Wai Linn Kyaw
Email - linnkhant18@gmail.com
Ph - 09 40 157 9090
Reporters & Writers
Sherpa Hossainy, Kyaw Min,
Wai Linn Kyaw, Phyu Thit Lwin,
Aye Myat, Pann Nu
Art & Design
Zarni Min Naing (Circle)
Email - zarni.circle@gmail.com
Ph - 09 7310 5793
Ko Naing
Email - nzlinn.13@gmail.com
Ph - 09 730 38114
DTP
May Su Hlaing
Translators
Wai Linn Kyaw, Phyu Maung,
Bone Pyae Sone
Advertising
Seint Seint Aye, Moe Hsann Pann, Htet Wai Yan, Zin Wai Oo
Advertising Hotline - 09 420 237 625, 09 4211 567 05,
09 31 450 345
Email - sales.mbtweekly@gmail.com
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pkajorn@hotmail.com
09421149720
Publisher
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No. 1A-3, Myintha 11
th
Street,
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Tel: 951-850 0763,
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Printing
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09 4211 30133
Business News in Brief
No ar ms deal i n Myanmar -Nor th Kor ea talks
TIe recenL LuIks beLween u NorLI Koreun deIeguLIon
und LIe governmenL dId noL IncIude unyLIIng ubouL
urms suIe buL onIy Iocused on LIe LensIon on LIe Kore-
un penInsuIu und oLIer dIpIomuLIc Issues, presIdenLIuI
spokesperson U Ye HLuL suId. Myunmur, us LIe uILer-
nuLe cIuIr oI LIe ASEAN, wouId IIke Lo muke LIe Koreun
penInsuIu u nucIeur-Iree zone, so muLLers concernIng
LIIs were dIscussed wILI LIe NorLI Koreun deIeguLIon
us SouLI Koreu Is u dIuIogue purLner oI LIe ASEAN, Ye
HLuL, wIo Is uIso LIe depuLy InIormuLIon mInIsLer, suId.
Ger many to help Myanmar car r y out ai r por t
pr oj ect
Germuny wIII provIde LecInIcuI und hnuncIuI ussIs-
Lunce Lo Myunmur`s new InLernuLIonuI uIrporL projecL In
Bugo regIon, IocuI medIu reporLed. Two Germun com-
punIes Obermeyur PIunen + BeruLen GmbH und GnIp
nLernuLIonuI Iuve uppIIed Ior pre-quuIIhcuLIon Ior LIe
consLrucLIon oI LIe ,6q-IecLures HunLIuwuddy nLer-
nuLIonuI AIrporL, wIIcI Is seL Lo sLurL by zo16. BesIdes
uIrporL exLensIon, Germuny wIII uIso muke InvesLmenL
In consLrucLIon und muInLenunce oI porLs In Myunmur.
Thi lawa Por t to be extended
nLernuLIonuI Lenders wIII be InvILed soon Ior LIe con-
sLrucLIon oI Lwo more porLs - Ior generuI curgo und con-
LuIners - uL TIIIuwu, uL over $zoo mIIIIon oI deveIop-
menL ussIsLunce grunLed by Jupun, cIIeI engIneer Myu
TIun oI Myunmur PorL AuLIorILy suId.
Subcommi ttee to ease i mpor t r estr i cti on on
for ei gn goods
TIe Trude DeveIopmenL Sub CommILLee (TDSC) Ius
been In dIscussIon wILI LIe MInIsLry oI HoLeIs und
TourIsm Lo euse resLrIcLIons on ImporLIng wIne und
oLIer IoreIgn goods, uccordIng Lo IocuI medIu reporLs.
An onIIne uppIIcuLIon sysLem Ior ImporLJexporL enLre-
preneur IIcences suw u LrIuI IuuncI In ebruury, meun-
Ing busInesses no Ionger Iuve Lo usk permIssIon Irom
LIe Myunmur nvesLmenL CommIssIon und LIuL IoreIgn
compunIes cun ImporL goods sucI us wIne, oII und oLIer
IoreIgn producLs.
Author i ti es to dr edge Thanlwi n to ai d goods
tr anspor t
TIe governmenL wIII work LogeLIer wILI prIvuLe com-
punIes Lo dredge LIe TIunIwIn rIver esLuury Lo IeIp
sIIps beLLer use LIe rIver Lo exporL goods Irom Indus-
LrIuI zones, om cIuIs suId. TIe uuLIorILIes ure pIunnIng
Lo esLubIIsI un IndusLrIuI zone In Myunmur`s souLIern
Mon sLuLe und uIm Lo use LIe rIver Lo LrunsporL Ieuvy
muLerIuIs und curgo Ior u cemenL IucLory. SIum CemenL
Group Irom TIuIIund und enLrepreneurs Irom Myun-
mur ure pIunnIng Lo buIId u cemenL IucLory neur In Mon
sLuLe`s KyuIkmuruw LownsIIp. An IndusLrIuI zone In
MuwIumyIne Is uIso beIng pIunned.
Tour i sm r ecei pts shoot up by $400 mi lli on
Myunmur eurned $qz6 mIIIIon In LourIsm receIpLs
IusL yeur, $qoo mIIIIon more LIun LIe Income In zo1z,
uccordIng Lo LIe DIrecLoruLe oI HoLeIs und TourIsm
under LIe MInIsLry oI HoLeIs und TourIsm. usL yeur`s
more LIun z mIIIIon LourIsL urrIvuIs were uLLrIbuLed Lo
LIe IosLIng oI LIe z;
LI
SEA Gumes. TIe LourIsm Indus-
Lry grew by q percenL IusL yeur und Ius Ied Lo Increus-
Ing job opporLunILIes, vIce presIdenL U Nyun Tun suId
uL LIe meeLIng oI CenLruI CommILLee Ior DeveIopmenL
oI NuLIonuI TourIsm ndusLry. TIe governmenL wIII Im-
pIemenL u TourIsm MusLer PIun zo1-zozo, comprIs-
Ing 8 projecLs wILI un esLImuLed cosL oI $q86 mIIIIon.
TIe pIun esLImuLes Myunmur`s LourIsL urrIvuIs Lo reucI
.1 mIIIIon In zo1 und over ; mIIIIon In zozo. Revenue
Irom LIe LourIsm IndusLry Is expecLed Lo reucI $1o.18
bIIIIon und udd 1.qq mIIIIon jobs by zozo, uccordIng Lo
LIe musLer pIun.
Tox eooding prms to foce 1o-geor joil term
BIg compunIes evudIng Lux wIII Iuce 1o yeurs In juII
unIess LIey puy LIeIr due Luxes on LIme, IocuI medIu re-
porLed quoLIng MIn HLu, dIrecLor generuI oI LIe nLer-
nuI Revenue DepurLmenL, us suyIng. OnIy ubouL IuII oI
over o,ooo compunIes In LIe counLry ure puyIng Luxes
uL LIe momenL und over 6o groups oI compunIes, wIIcI
Iuve been evudIng Luxes Ior u Iong LIme, were recenLIy
wurned Lo puy Luxes wILIIn u cerLuIn cumpuIgn perIod,
MIn HLuL suId. TIe reporL dId noL menLIon wIo wIII go
Lo prIson II u compuny Is punIsIed Ior Lux evusIon. n
Lerms oI revenue conLrIbuLIon Lo GDP, Myunmur Is LIe
smuIIesL umong LIe ASEAN, Inunce MInIsLer U WIn
SIeIn eurIIer suId.
Myanmar Summary
..~._.:.q...q. .q_~ .,.._q~..~._.:~
~q.e:.~e.:..e. _....._ ........_ .~,~
.q:.~e.q..e~ ~..:..:.q.,._ ~q.e:.~,..e
.q.. .~.,.q.q:~.q..:..:_e.._~:. ._.:_~:..._.
:.,.~.,_e ...~...._~.~ ..:~...,._
_.,.:~_.__._.q: e.:~~......:~...q.~~~
,_ .._:. _:.q.~~ ~_ .:.. . .. :.._ _e. _. . :., ~ . ~
..._e.._ Obermeyar Planen+Beraten GmbH . Gnip
International ~._ ~..|..:~...q.~~~ ~_~~.|
.~:_._.._e.._.
~..,..q:.~e.q.e_e.. ...~:.~~.,_e ~. ~_.:.
. _.:.~ , .. _ ..:.~:. ~ . .. . q:.:.._e..: ...q, ~~ ~
e~e. .q..:..:.q.~,_~._:,. .......~q._.
April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
3
LOCAL BIZ
Contd. P 12...(Powering Myanmar) Contd. P 12...(Powering Myanmar)
Powering Myanmar (Part III): FDI,
Geopolitics and the Appetite for Risk
Te last part of Breaking Energys series on Myanmar takes a look at the state of foreign investment in Myanmars power sector
Kate Rosow Chrisman
W
IIIe resIdenLs oI
Myunmur pro-
LesL over eIec-
LrIcILy - someLImes on
prIcIng, oLIer LImes on uc-
cess und mosL recenLIy on
envIronmenLuI concerns
und CIInese InvoIve-
menL - IoreIgn InvesLors
ure wuLcIIng Myunmur`s
openIng economy wILI
Iungry eyes. L`s u coun-
Lry wILI u Iuge popuIu-
LIon, Iow eIecLrIhcuLIon
ruLes und u robusLIy grow-
Ing GDP LIuL desperuLeIy
needs more reIIubIe en-
ergy. Myunmur uIIows
power producers Lo ex-
porL LIe buIk oI LIe power
produced domesLIcuIIy Lo
neIgIbourIng counLrIes,
despILe ILs own unmeL
demund. BuL IeguI roud-
bIocks, opuque reguIuLory
sLrucLures, u IIgIIy subsI-
dIsed eIecLrIcILy progrum
und un ungry popuIuce
onIy boosL LIe rIsk prohIe
Ior IndependenL power
producers (PPs) und Ior-
eIgn InvesLors.
WILI LIe IoosenIng oI
suncLIons, InLeresLed In-
vesLors ure urrIvIng Irom
ouLsIde Myunmur`s neIgI-
bourIood. WIIIe InvesL-
menLs Irom CIInu, TIuI-
Iund, Jupun und SouLI
Koreu remuIn sLrong -
und unuIysLs suy InLeresL
Is us mucI ubouL u geopo-
IILIcuI pIuy Ior domInunce
In LIe regIon us IL Is ubouL
hnuncIuI reLurns und pro-
ducIng power - LIe US,
Europeun counLrIes und
Lo u Iesser exLenL, AusLruI-
Iu Iuve uII sIown InLeresL.
oreIgn InvesLmenL In
LIe counLry brIngs up
more quesLIons LIun cun
be unswered; LIose In-
voIved In LIe power sec-
Lor suy LIe busIcs - u IeguI
InIrusLrucLure, u sensI-
bIe prIcIng scIeme und
u cIeur decIsIon mukIng
process - do noL exIsL,
yeL compunIes ure vyIng
Lo breuk InLo LIe murkeL
und guIn uccess beIore
compeLILors. n zo1z, My-
unmur pussed u IoreIgn
InvesLmenL Iuw, buL LIere
Iusn`L been unyLIIng
sInce deuIIng specIhcuIIy
wILI IoreIgn InvesLmenLs
In power producLIon. TIuL
Iuw seL ouL purumeLers Lo
encouruge InvesLmenL
In LIe counLry, muInIy
LIrougI Lux exempLIons, u
vow noL Lo exproprIuLe In-
vesLmenLs und un ugree-
menL Lo use InLernuLIonuI
Myanmar Summary
_.,.:.~ .....:~
~:.. . . .. _ .~ .~:~ .
.:~.~ ~, .~ . q:.
~, ~ . - .|~ . ~ ._~:
~..q...._:,~:. .._..
.:. _e...'.,..:._. .
_.:.q .. ._. . . . .:.._ _., .:
. -. .. :..q.~ .|.e . ~..'
~ ...~..:._e _~_q
.,_~. _e. ._ .~e ._~: .
..: _.,.:.._ e_~_
~:.:.. ._ .. .. . . .~:.
. ~. .,_. . . ..q.:._.:.._
.. .. .:~ ~:... , .:.,_ ..|.
~: GDP ~~.:.._
.~.._e..,..:._~:.
_e.._.
_.,.:.._ .~~.
.. .. . ~. .~ ~:. _e_ ._ .
...._...q..:._. ~.,.
....:.~:. ....~..
_....~:. ._.:.._.
...: ...~~:.~...:.
Workers repair power cable lines in Kawhmu township.
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April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
LOCAL BIZ
4
Myanmar Summary
Myanmar Summary
Myanmar Summary
Myanmar Buys 2.3 Million Barrels
Gasoil, Jet Fuel in Annual Deals
Jane Chung, Florence Tan
and Seng Li Peng
Myunmur Ius uwurded unnuuI
conLrucLs Lo buy gusoII Irom
PeLroCIInu und jeL IueI Irom u
NorLI AsIun LrudIng hrm Ior de-
IIvery beLween AprII zo1q und
MurcI zo1, Lrude sources suId.
SLuLe-owned Myunmur PeLro-
cIemIcuI EnLerprIse (MPE) Ius
bougIL 1.6q mIIIIon burreIs oI
gusoII wILI o. percenL suIpIur
conLenL und ubouL ;6o,ooo bur-
reIs oI jeL IueI, ubouL LIe sume
voIumes us LIe prevIous yeur.
or LIe gusoII, MPE puId
uround $z.8o Lo $ u burreI
ubove SIngupore quoLes on u
currIuge-und-Insurunce puId Lo
(CP) busIs, Lruders suId.
L bougIL LIe uvIuLIon IueI uL
uround $.o Lo $q u burreI
ubove SIngupore quoLes on u
CP busIs, LIey suId.
n ILs IusL Lender, Myunmur
bougIL 1.-1.6 mIIIIon burreIs
oI gusoII und ;oo,ooo burreIs oI
jeL IueI, one oI LIe sources suId.
or LIe gusoII Lender, LIe
sources suId PeLroCIInu Ius
won Ior uL IeusL Lwo consecu-
LIve yeurs, uILIougI LIIs couId
noL be verIhed wILI LIe CIInese
compuny.
Myunmur usuuIIy buys rehned
oII producLs sucI us dIeseI, jeL
IueI und gusoIIne vIu Lerm con-
LrucLs, buL IL dId noL IncIude
gusoIIne In LIe IuLesL Lender,
LIey udded. Reuters
MAI to Launch Osaka-
Yangon Flights
Aye Myat
S
LuLe-run uIrIIne Myunmur
AIrwuys nLernuLIonuI
(MA) suId IL wIII IuuncI
reguIur IgILs beLween KunsuI
nLernuLIonuI AIrporL In Osuku
und Yungon In LIe IuII.
TIe ug currIer oI Myunmur
Is pIunnIng LIree IgILs u week,
un omcIuI suId.
TIe new rouLe Is expecLed Lo
cupLure poLenLIuI demund In
wesLern Jupun umId u growIng
number oI Jupunese compu-
nIes openIng busInesses In LIe
SouLIeusL AsIun counLry.
TIe uIrIIne suId LIe new IgIL
servIces wIII murk LIe second
reguIur IgIL IInkIng Jupun und
Myunmur IoIIowIng LIe IuuncI
oI IgILs by AII NIppon AIrwuys
(ANA) beLween NurILu nLernu-
LIonuI AIrporL neur Tokyo und
Yungon.
KIIn Muung uLL, cIuIrmun
oI Myunmur AIrwuys, suId uL u
press conIerence In Osuku CILy
LIuL LIe uIrIIne Ius been prepur-
Ing Ior LIe IuuncI oI LIe IgILs
Ior u yeur und u IuII, und uIms
Lo seL LIe uIrIure uL LIe sume
IeveI us or cIeuper LIun LIuL oI
ANA.
TIe cIuIrmun suId MA even-
LuuIIy pIuns Lo IInk servIces Irom
Myunmur wILI Tokyo`s Hunedu
uIrporL us weII us ukuoku uIr-
porL In souLIwesLern Jupun.
An omcIuI oI New KunsuI n-
LernuLIonuI AIrporL Co, LIe Kun-
suI uIrporL`s operuLor, ubouL 1
percenL oI InLernuLIonuI IgILs
uL KunsuI uIrporL covered
SouLIeusL AsIun rouLes, Kyodo
news reporLed. TIe uIrporL Is
uIso eyeIng IgILs connecLIng
CumbodIu, uos und BruneI,
suId LIe omcIuI.
UNIDO to Help Myanmar Marine
Products Processors
Phyu Thit Lwin
T
Ie UnILed NuLIons n-
dusLrIuI DeveIopmenL
OrgunIsuLIon (UNDO)
wIII IeIp eIgIL ouL oI 116 murIne
producLs processIng IucLorIes
In Myunmur Lo process IIgI-
quuIILy producLs Ior exporL Lo
Europeun UnIon und AmerI-
cun murkeLs, TIn HIu, udvIser
Lo MurIne ProducLs Processors
und ExporLers AssocIuLIon, LoId
IocuI medIu.
TwenLy ouL oI 116 IucLorIes
Iuve uIreudy goL LIe IIcence
Lo exporL LIeIr producLs Lo EU
murkeLs wIIIe mosL oI LIem ex-
porL Lo neIgIbourIng CIInu.
ToLuI proceeds Irom LIe ex-
porL oI murIne producLs durIng
LIe hscuI endIng on MurcI 1
were $o mIIIIon uguInsL LIe
LurgeL oI $;oo mIIIIon und LIe
sIorLIuII wus uLLrIbuLed Lo LIe
depIeLIon oI hsI sLocks In My-
unmur wuLers und unsuccessIuI
operuLIons due Lo Iuck oI com-
mercIuI vIubIIILy.
_.,.:.~.,_e PetrolChina .
..:.:.. North Asian Trading
. ..e:..:.~:. -_. ~~, .
.~ ~~ ~ ~....: ~ee.
.:......._~:. .q._.
~..q. _.,.:.q,..:~..,.
(MPE) . e...~ ~ee.._
..:~~~ .. ..: .:. ._ ..| .
~ ... ', .,. .:.e: ._
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' ..:.~~:. ~ee.._~:. .q
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_., .:. ~.,_e e. ~e e . .:.
~ .~e ..e:.. ~...
.:~ . .:. . . , ~e e .. q ._.
_.,.:~_.__._.q: ..._~:.
. . (MAI) ._ ., . ~ .:~:
_.q Kansai International .....
q,~,~_.__._.q:..... e.
. . ~ , . .~ .q .. .. ~. . ~ .~
._... ._ _e. ._~: . ~ _., :.._ .
_.,.:~_.__._.q:..._~:.
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.:.._e .q_.. ~..|.q..~.,
_e _.,.:.~ ...:..q...~
...:._.:..,._ .,.~.,:~
. .. ~ . ~ .:.~:. . ..: . :..
._e ..:.:.._.
~....~.e_e..q.~e~._.
(UNIDO) ~.,_e _., .:. . ~q_
~..._.~,.._..:.~:. .q:.
An MAI aircraft at Yangon International Airport.
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A worker sits near sh at Sanpya Market, the biggest sh market in Yangon.
.. . ~..q ~, ...~ ~ .:.. ~ .
. q, ~~ ~ .q ~ .. _..~ , ~~' ,
q._~,~. .~, ,~:. ~~
~_ .:. ...~. . :.._ _e.._~:.
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April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
LOCAL BIZ
5
Myanmar Summary
Contd. P 10...(Pipelines) Contd. P 10...(Pipelines)
Troubled Pipelines in Myanmar
Te Sino-Burmese pipeline project has the potential to signifcantly beneft both China and Myanmar. From the Chinese perspective, however,
the pipelines may be creating more problems than they would solve.
Nicholas Borroz
Bur mese openi ng and
the pi peli nes
TIe mosL unexpecLed
LrunsIormuLIon under-
gone by u counLry In LIe
z1sL cenLury Ius perIups
been LIuL oI Myunmur. n
LIe spuce oI u Iew yeurs,
IL Ius morpIed Irom un
IsoIuLed uuLIorILurIun re-
gIme InLo u burgeonIng
democrucy, emergIng us
u mujor InvesLmenL LurgeL
Ior IoreIgn busInessmen.
As LIIs IusL IronLIer
murkeL Is opened up Lo
LIe Iorces oI gIobuIIsu-
LIon, LIe counLry seems
IrreversIbIy desLIned Ior
sIgnIhcunL economIc und
socIeLuI deveIopmenL.
OI LIe muny InvesL-
menL projecLs LukIng
pIuce In Myunmur, LIe
SIno-Burmese pIpeIInes
ure LIe mosL grundIose.
WILI ecIoes oI LIe Pun-
umu CunuI, LIe pIpeIInes
seek Lo expund LIe IImILs
oI energy LrudIng rouLes
LIrougI LIe consLrucLIon
oI u mussIve mun-mude
InIrusLrucLure projecL.
ConsLrucLIon begun In
zo1o, wIen Myunmur wus
u purIuI sLuLe und CIInu
wus one oI LIe Iew coun-
LrIes enguged In busIness
LIere. TIe projecL wus
muLuuIIy benehcIuI Ior
boLI counLrIes, buL LIe
CIInese In muny wuys Iud
sIgnIhcunL Ieveruge In ne-
goLIuLIng LIe deuI becuuse
oI Myunmur`s IsoIuLIon.
TIe projecL consIsLs oI
Lwo pIpeIInes, upproxI-
muLeIy 1,ooo kIIomeLres
Iong, wIIcI curry Bur-
mese nuLuruI gus und Im-
porLed crude oII ucross
Myunmur Lo CIInu. TIe
sLuLe-owned oII compu-
nIes oI LIose Lwo coun-
LrIes, Myunmu OII und
Gus EnLerprIse und CIInu
NuLIonuI PeLroIeum Cor-
poruLIon (CNPC), Ieud LIe
projecL. An osIore gus
LermInuI und u deep-seu
porL on Muduy sIund Ieed
LIe nuLuruI gus pIpeIIne,
wIIcI Ius u cupucILy oI
1z bcm per yeur und Is uI-
reudy operuLIonuI. TIe oII
pIpeIIne, wILI u cupucILy
oI qqo,ooo bbpd (ubouL
1o percenL oI CIInu`s LoLuI
ImporLs), Lo be suppIIed
mosLIy Irom AIrIcu und
LIe MIddIe EusL, wIII be
compIeLed IuLer LIIs yeur.
TIe pIpeIIne projecL Is
uIso InLerconnecLed wILI
severuI oLIer InIrusLruc-
Lure projecLs. A SpecIuI
EconomIc Zone on LIe
Burmese cousL Ius been
desIgned Ior IoreIgn com-
punIes Lo consLrucL und
operuLe peLrocIemIcuI
pIunLs und oversee LIe
exporL oI CIInese prod-
ucLs. CNPC uIso InLends
Lo buIId sLoruge Lunks LIuL
couId sLore 1; duys` worLI
oI LIe oII pIpeIIne`s cupuc-
ILy. urLIermore, u new
Yunnun-Arukun ruIIwuy
Is pIunned, wIIcI wIII Iu-
cIIILuLe LIe LrunsporL oI
goods und peopIe Irom
LIe Burmese cousL Lo CII-
nu`s souLIwesL.
Benepts for Mgon-
mar
TIe pIpeIInes wIII uc-
ceIeruLe Myunmur`s eco-
nomIc deveIopmenL In
LIree mujor wuys:
TIe projecL wIII uLLrucL
more IoreIgn InvesLmenL,
wIIcI IueIs mucI oI My-
unmur`s economIc growLI
(IL Is esLImuLed LIuL My-
unmur needs $1;o bIIIIon
In IoreIgn InvesLmenL Lo
ucIIeve ILs growLI po-
LenLIuI). TIe pIpeIInes`
consLrucLIon purLIcuIurIy
enIunces Myunmur`s rep-
uLuLIon us un oII und gus
producer, wIIcI wIII spur
greuLer InvesLmenL In LIe
energy secLor; Myunmur`s
growIng roIe us un energy
suppIIer Is evIdenced by
LIe recenL rounds oI o-
sIore Lenders In wIIcI
numerous oII mujors und
smuIIer IoreIgn compu-
nIes Look purL. AddILIonuI-
Iy, LIe pIpeIInes wIII Iuve
rIppIe eecLs LIrougIouL
LIe Burmese economy,
creuLIng u myrIud oI oLIer
opporLunILIes Ior IoreIgn
InvesLmenL, especIuIIy In
LIe IndusLrIuI und hnun-
cIuI secLors.
z) Myunmur sLunds Lo
eurn sIgnIhcunL revenues
by seIIIng ILs oII und gus
resources on worId mur-
keLs. SInce zooo, Myun-
mur Ius been LIe Iurg-
esL nuLuruI gus exporLIng
counLry In SouLIeusL AsIu,
und In zo1z, q1 percenL oI
uII exporL eurnIngs were
derIved Irom nuLuruI gus
suIes. As Myunmur`s rep-
uLuLIon us u Iydrocurbon
producer deveIops, und
us LIe recenLIy grunLed
IIcences Ior osIore und
onsIore bIocks become
operuLIonuI, LIe umounL
oI oII und gus uvuIIubIe Ior
exporL wIII expund, LIere-
by IncreusIng governmenL
revenues.
) TIe pIpeIInes wIII IeIp
Myunmur meeL ILs rIsIng
domesLIc energy demund
_., .:. ~ .,:~ _., .. _
. ..: _._. ._.: .. . . ~~
. _.:.q .. ._. . . . .:. ~. .,
~_.:..:._.:..:.|._.~~~
. . . ~ .~ . ..: ~~~~ ~ .
. ~:q _ ._ . , _., .:~ .
......._ .:~.:~
.. .q,...~ _.,.:..
~.. ~,~.. ~.q,
The construction site for the China-Myanmar pipeline.
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April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
LOCAL BIZ
6
From page ...(ALB)
From page ...(ALB)
From page ...(ASLA)
From page ...(ASLA)
Myanmar Summary
Lo LIe ouLIook wIII come
Irom eLInIc und secLurIun
LensIons, vuInerubIIILy Lo
bud weuLIer und InuLIon.
nuLIon Is IorecusL Lo uc-
ceIeruLe Lo 6.6 percenL In
Yzo1q und 6.q percenL In
Yzo1, owIng Lo u boosL Lo
pubIIc secLor wuges, IIgIer
eIecLrIcILy LurIs und rIsIng
properLy prIces In cILIes,
LIe Iender suId.
ADB suId meeLIng LIe
energy cIuIIenge wIII pIuy
u mujor roIe In poverLy
reducLIon und sLImuIuL-
Ing regIonuI deveIop-
menL, wIIIe Improved
power suppIy Lo uII eLInIc
groups wIII conLrIbuLe Lo
LIe peuce dIvIdend.
Myunmur`s power sec-
Lor Is one oI LIe IeusL
deveIoped In SouLIeusL
AsIu. OnIy over IuII LIe
LoLuI InsLuIIed cupuc-
ILy oI ,q meguwuLLs Is
hrm, or IIgIIy reIIubIe, us
weuLIer-dependenL Iy-
dropower uccounLs Ior ;
percenL oI LoLuI eIecLrIcILy
generuLIon.
Myunmur`s per cupILu
eIecLrIcILy consumpLIon
wus onIy 16o kIIowuLL-
Iours In zo11, LIe IowesL
In SouLIeusL AsIu, resuIL-
Ing Irom u Iow eIecLrI-
hcuLIon ruLe esLImuLed
LIuL yeur uL z8 percenL
oI LIe popuIuLIon, weuk
IndusLrIuI deveIopmenL
und u Iuck oI InvesLmenL,
uccordIng Lo LIe WorId
Bunk und ADB esLImuLes.
A recenL ADB sLudy noL-
ed LIuL Myunmur couId
reucI upper mIddIe-In-
come sLuLus by zoo II IL
overcomes deveIopmenL
cIuIIenges, buL currenLIy
ubouL u quurLer oI LIe
popuIuLIon IIves beIow LIe
nuLIonuI poverLy IIne.
ukI SIInoIuru suId uL LIe
meeLIng LIuL Myunmur`s
economy, despILe open-
Ing up LIree yeurs ugo,
sLIII Ius cIuIIenges uIeud,
uddIng LIuL IL Is un ud-
vunLuge Ior LIe counLry`s
economy Lo InvILe mun-
uIucLurer-bused InvesL-
menL.
TukeIIko Nukuo, presI-
denL oI LIe AsIun DeveI-
opmenL Bunk, covered
LIe ouLIook Ior ASEAN
economIes und poIIcy
cIuIIenges Ior LIe regIon.
AILer u sLrong eco-
nomIc perIormunce IusL
yeur, ASEAN`s economIc
growLI Is IorecusL Lo re-
muIn sLeudy uL percenL
Ior zo1q, ucceIeruLIng Lo
.q percenL In zo1, uc-
cordIng Lo ADB`s IuLesL
AsIun DeveIopmenL OuL-
Iook.
TIe mucroeconomIc
IundumenLuIs oI LIe ASE-
AN counLrIes ure mucI
sLronger LIun In 1qq;,
Nukuo suId. L Is cIeur
LIuL ASEAN members ure
workIng Iurd Lo uddress
sLrucLuruI weuknesses
especIuIIy In LIose coun-
LrIes wILI currenL uccounL
und hscuI dehcILs. SLrong
commILmenL Lo pursuIng
LIese poIIcIes IeIps buIId
murkeL conhdence und
LIus reduces rIsk.
._~:. ~:qe_e..q.~-
~~, . .. :..q.. ... . ~. q . .:
~ _...e:_.:.._.
...: _.,.:.~.,_e
~.q..:.~.q.. ~_.:.._
.~ .:. q:. ~ . .q :.. .
. ._~..e: .. . ~ ~..'~ ._ .
ADB . .:~_.:.._.
. ._~..e: .. . ~.,_e . . .
..:.:. .. .. .:~ ~:... , .
:._..:... _._~..:.~
.... , ._. ~~ _. .~ ._~:
~~, _:.q.. . ~ ' ...
' q:. . , .. ~~ _:.q.
..~ ' ... q:..,..
.q:~q . ._~:. ., .,.:.
._.
ADB . _., .:. ._ e _e .
~.~~..q: .,..'..:.
~:. .~:.:...|~ ~,~
~.q:~ ~ ~.e ~.~ ~ .
q._ .~_e.. .q:~q
. ._ .
~:. . ... .. ..... _~_. . ~~
~_~ ~:.e...:..q.~.~
~~,.- q_.,..~. ~
. . , .~__._. ._.: .. . .
q: .,..'..:.~:. .......
_~._ ... ... .. ~_. .~ ..~
._~_:.~ ~. ..: ~ _., .
._.
Asian Wings Airways Rolls Out Mandalay-Chiang Mai Route
Eyes more international routes
Wai Linn Kyaw
A
sIun WIngs AIrwuys
(AWA) sLurLed ILs hrsL
InLernuLIonuI IgIL Irom
Myunmur`s second-IurgesL cILy
MunduIuy Lo TIuIIund`s CIIung
MuI recenLIy, LIe IocuI uIrIIne
suId.
TIe currIer wIII operuLe Lwo
IgILs every week on Wednes-
duy und SuLurduy beLween LIe
Lwo cILIes, AWA suId.
Pussengers Irom CIIung MuI
cun y noL onIy Lo MunduIuy,
buL uIso Lo HeIo wILI ImmedI-
uLe connecLIon Irom MunduIuy
wILI LIe sume Iure, AWA suId.
As u prIvuLe uIrIIne bused In
Yungon nLernuLIonuI AIrporL,
AsIun WIngs AIrwuys wus Inuu-
guruLed In SepLember zo1o. L
sLurLed ILs domesLIc IgIL operu-
LIons, boLI scIeduIe und cIur-
Lered IgILs, In Junuury zo11, und
Is currenLIy yIng Lo 1z domesLIc
desLInuLIons IncIudIng Nyuung
Oo, Yungon, MunduIuy, Nuy PyI
Tuw, HeIo, MuwIumyIne, MyIL-
kyInu, umong oLIers.
AWA Ius u eeL oI LIree ATR
;z-oo uIrcruILs wILI cupucILIes
rungIng Irom 6q Lo ;o seuLs per
uIrcruIL. L used Lo y un AIrbus
Az1 In ILs domesLIc scIed-
uIed operuLIons und InLernu-
LIonuI cIurLered ones, buL wus
reLurned us LIe Az1 wus noL
vIubIe In Lerms oI prohLubIIILy
us muny domesLIc uIrporLs Ius
consLruInLs In uccommoduL-
Ing LIe bIg uIrcruIL, U Ye MyuL
MIn, commercIuI munuger oI
AsIun WIngs AIrwuys, LoId My-
anmar Business Today.
We Iuve been yIng us u IuII
servIce currIer sInce our debuL
und Iuve empIusIsed on muIn-
LuInIng InLernuLIonuI suIeLy
sLundurds, wIIcI we LIInk ure
LIe mosL ImporLunL vuIue un
uIrIIne Lo udIere Lo ruLIer LIun
cosL. We oer very reusonubIe
Iures Ior every rouLe Ior u IuII
servIce currIer, Ie suId.
U Ye MyuL MIn suId LIe uIrIIne
Is uIso pIunnIng Lo expund ILs
InLernuLIonuI rouLe Lo severuI
regIonuI desLInuLIons us Bung-
kok, SIngupore, KuuIu umpur
und BuII, In LIe IuLure upon LIe
reInIorcemenL oI ILs eeL wILI
LIe AIrbus Azos.
n SepLember IusL yeur, Ju-
pun`s IurgesL uvIuLIon group
ANA HoIdIngs nc suId IL wIII
buy u sLuke In AWA us purL oI un
InLernuLIonuI expunsIon sLruL-
egy, wIIcI wIII muke IL LIe hrsL
IoreIgn InvesLor In Myunmur`s
nuscenL uvIuLIon IndusLry.
TIe Jupunese currIer wIII puy
$z mIIIIon Ior u qq percenL
sLuke In LIe Myunmur currIer,
LIe Tokyo-bused uIrIIne suId In
u sLuLemenL. As purL oI LIe In-
vesLmenL, ANA wIII work wILI
AWA Lo Improve ILs operuLIonuI
und on-LIme perIormunce und
sup porL ILs expunsIon InLo mur-
keLs ouLsIde Myunmur, ANA
suId.
CurrenLIy, AsIun WIngs AIr-
wuys Is In LIe process oI ne-
goLIuLIng regurdIng LIe joInL
venLure ugreemenL wILI ANA,
Ye MyuL MIn suId.
Asian Wings Airways (AWA)
._ ,.-.....~_.__._.
q: ..._~:..q..~_e. _.,.:.
- .~e~_~..._..~: ......
.. .... ._~:.~ ._...
.~:.__e.._~:. .q._.
~..|.q..~q ~.~. -.e.
. ..,.,~. _._~..._.. ._...
.:..__e.._~:. .q._. q, ~ ,
~_._ _._ . q:... . ~ ~._..~
._ ..~...._~:..._e.
._ Asian Wings Airways ._
~~~ .~~:.~ .~._. .
_e. _. . _._ ~ ...._~: .. ..:.q.
. . , ..:.~:. ~~~ . . . ~, ,~|q.
~ .~._.. .~q~ ._:.
q,~, ..... .,_._.~: ee.
..:._. _.._~.,:. ~.q._ _._
~ ...._~: ..q .. ~ . ~:. . . ,
._....~q._.
_...._.. .~~:.~~.~
., . -~_~ .. ...._~: .~ . ~
_e.._ ANA Holdings Inc . ,.
~ -~_._ _._ . q:...~ ~ . .
-e:~q AWA -qee: , q:.
.,.~:. ..'.: .,._e ~ee
q, ~......._.
~..|~.......: .~:_..|~
ANA Holdings Inc ._ _.,.:
..._~:....~~~~~ ....
_._ .q .. ._. . . . _e. .:._ _e. ._ .
ANA Holdings Inc ~.,_e q...
_....~~~ AWA ~:. ..,.
..: q ~ .~ .q.. . ...~ ~ .
. ~ ~ ~.:~ ~. .:....._ e
.q..:.:.._.
A
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Mandalay palace.
U Pein bridge in Mandalay.
A
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International Monetary Fund, ADB estimates
April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
7
LOCAL BIZ
Myanmar Summary
Myanmar Summary
Singapores Vocational Training
Centre Eyes Skilled HR Pool
M
yunmur und SIngupore Iuve sIgned un ugree-
menL Lo esLubIIsI u SIngupore-Myunmur Vo-
cuLIonuI TruInIng nsLILuLe (SMVT) In u bId Lo
deveIop skIIIed Iumun resources In LIe recenLIy-opened
SouLIeusL AsIun counLry.
TIe SMVT uIms Lo provIde vocuLIonuI LruInIng Ior
Myunmur youLIs, und buIId u pooI oI skIIIed workers
wIIcI wIII IeIp Lo uLLrucL IoreIgn InvesLmenLs InLo My-
unmur, RoberL CIuu, umbussudor oI SIngupore Lo My-
unmur, suId.
TIe SMVT wIII uIso IeIp buIId Myunmur`s cupucILy In
vocuLIonuI educuLIon by LruInIng Myunmur InsLrucLors,
Ie udded.
TIe SMVT InILIuLIve wus hrsL unnounced durIng LIe
sLuLe vIsIL oI SIngupore PresIdenL Dr Tony Tun Lo Myun-
mur In AprII IusL yeur.
TIe memorundum oI undersLundIng on LIe progrum
wus sIgned by DIrecLor-GeneruI oI LIe TecInIcuI und
VocuLIonuI EducuLIon DepurLmenL oI LIe MInIsLry oI
ScIence und TecInoIogy U Zuw WIn und RoberL CIuu
In Nuy PyI Tuw.
TIe Myunmur governmenL Ius provIded LIe prem-
Ises oI LIe Iormer Burmu PoIyLecInIc ScIooI uL No.1z
NuLmuuk Roud, Yungon, Lo Iouse LIe governmenL-Lo-
governmenL Iumun resource deveIopmenL projecL.
MInIsLer Ior scIence und LecInoIogy Ko Ko Oo suId LIe
deuI wIII conLrIbuLe Lo economIc und Iumun resources
deveIopmenL und cupucILy buIIdIng Ior LIe sLu In pub-
IIc udmInIsLruLIon.
SMVT courses wIII be open Ior pubIIc regIsLruLIon uI-
Ler seLLIng up LIe LruInIng IucIIILIes, SIngupore Embussy
In Myunmur suId In u sLuLemenL.
TIe SMVT wIII comprIse Iour LruInIng scIooIs oI
HospILuIILy und TourIsm, EIecLrIcuI SkIIIs und EIecLron-
Ics, ucIIILIes MunugemenL und EngIneerIng ServIces.
SIngupore`s vocuLIonuI educuLIon provIder, LIe n-
sLILuLe oI TecInIcuI EducuLIon EducuLIon ServIces
(TEES), wIII desIgn LIe course currIcuIu und udmInIs-
Ler LIe SMVT In purLnersIIp wILI LIe MInIsLry oI ScI-
ence und TecInoIogy, LIe SInguporeun embussy udded.
ApurL Irom LIe SMVT, SIngupore uIso supporLs My-
unmur`s Iumun resource deveIopmenL LIrougI LIe My-
unmur-SIngupore TruInIng CenLre (MSTC) In Yungon,
wIIcI Ius provIded LruInIng Ior Myunmur cIvII servunLs
sInce zoo1.
SIngupore uIso works wILI Myunmur under LIe SIn-
gupore-Myunmur TecInIcuI CooperuLIon Progrumme
(SMTCP), u LecInIcuI ussIsLunce puckuge desIgned Lo
supporL Myunmur`s ASEAN CIuIrmunsIIp und buIId
cupucILy In economIc deveIopmenL, Iumun resource
deveIopmenL und pubIIc udmInIsLruLIon.
TIese InILIuLIves sIow SIngupore`s commILmenL Lo
supporL Myunmur`s reIorms us weII us sLrengLIen our
cIose bIIuLeruI LIes, CIuu suId.
TIe SMVT wIII uIso IurLIer sLrengLIen our peopIe-
Lo-peopIe reIuLIons, us our SIngupore munugemenL
Leum und IecLurers work cIoseIy wILI LIeIr Myunmur
counLerpurLs Lo muke LIIs projecL u success.
Pann Nu
UMFCCI to Set Up Business Forum
to Aid Domestic Entrepreneurs
First Myanmar Business Forum expected in July
Kyaw Min
T
Ie UnIon oI My-
unmur ederuLIon
oI CIumbers oI
Commerce und ndusLry
(UMCC) wIII seL up My-
unmur BusIness orum
(MB) In u bId Lo supporL
LIe prIvuLe busIness en-
LILIes In LIe counLry, LIe
upex busIness body suId.
TIe Iorum wIII be per-
IormIng us u brIdge be-
Lween prIvuLe busIness
orgunIsuLIons und LIe
governmenL, IL suId, udd-
Ing LIuL workIng groups oI
boLI sIdes wIII be Iormed
Ior LIe conLInuous dIscus-
sIon beLween LIem.
n ebruury, PresIdenL
TIeIn SeIn InsLrucLed LIe
IormuLIon oI LIe Iorum In
u meeLIng wILI enLrepre-
neurs.
PrIvuLe busIness orgunI-
suLIons wIII be ubIe Lo pre-
senL economIc cIuIIenges
und dIm cuILIes LIey Iuce
Lo LIe governmenL In LIe
Iorum, wIIcI wIII be IeId
LwIce u yeur, UMCC
suId.
TIe hrsL busIness Iorum
wIII be IeId In JuIy LIIs
yeur, sources suId, udd-
Ing LIuL LIe MB wIII be
cIuIred by PresIdenL U
TIeIn SeIn.
U WIn Aung, cIuIrmun
oI UMCC, suId MB Is
expecLed Lo reporL on LIe
condILIons oI enLrepre-
neurs und supporL LIe
deveIopmenL oI LIe eco-
nomIc secLor.
nLernuLIonuI InuncIuI
CorporuLIon (C) oI LIe
WorId Bunk Group, wIII
oer LecInIcuI supporL
Lo UMCC Ior IoIdIng
LIe MB. As u hrsL pIuse,
MB OrIenLuLIon MeeLIng
wus IuuncIed Lwo weeks
ugo. C IeIped Iorm
sImIIur Iorums In 1 oLIer
counLrIes, IncIudIng ASE-
AN members uos, Cum-
bodIu und VIeLnum.
AccordIng Lo vurIous es-
LImuLes, LIe prIvuLe secLor
uccounLs Ior qo percenL oI
Myunmur`s economy.
_.,.:..~..~..~,
._ _~ ..:.~. . (UMFCCI)
~.,_e...:..q.e _e.~ .~~.
. :.~~ ~ ~.:~ ~~ _e. ..
q, _., .: . .. :..q.e q. ~. q. ~:.
~ ..._ _e. ._ .
~. .| e q. ~:.~. . . .
. . _~ . ~ ..._ _e. _. ._._ ~ .
..,.q.:._~.~.,q._
...:..q..q:. , ..'. .:..
~.~ ~. .:.~:.~ _.......
.__e.._.
~. .| e q. ._ ~. .q.
..~. .. :..q.~e ~._ ..:.
~_~:...| .~ .~_e.....:
....__e._.. ..e~~e.:..
. . , .. .. q:~e . .:.e
._.~:........:.~:. .
.~ ._.~ . . ..: . :.._ _e.
._ .
~..|e q. -..~.~ :
~:.-_. q~ ~~...__e.
._ .

_.,.:. .~:..._ ....~:.~q.~_..e_e..~
~~ ~.~...~...~:..~,..~:. Singapore-
Myanmar Vocational Training Institute (SMVTI)
~:.e..q,..:~ _..:....._.._e.._~:. .q._.
SMVTI ~.,_e_.,.:...q:.:.~:..~ .. .. . q:.
~, ..:.. ._. .~:._e _., .:. -. . . .~:.~q .~_.. e _e .. ~
~ ~ ..: q ~ .__e.._. ~..|.~,..~:.~:. .~:.
..~ _.,.:..~._~.~.:.q:~.~~. e..q,
......._.._e.._.
SMVTI ~.,_e e~e. .q. . :..:.q... .. . ~ .~
.q:,. ~..~..~,. ...,..q..~,e:.~,.
.:.......:..__e.._.
Local private businessmen attend the president and local private
businessmen meeting in Yangon, where the president instructed the
formation of a forum to support domestic entrepreneurs.
U
A
u
n
g
/
X
in
h
u
a
April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
LOCAL BIZ
8
Myanmar Summary
Myanmar Summary
Thai Entrepreneurs Eye Myanmar Entry
Through Bizmatch Fair
Pann Nu
T
IuI enLrepreneurs ure
seekIng Lo brouden co-
operuLIon wILI LIeIr My-
unmur counLerpurLs LIrougI u
busIness muLcImukIng IuIr, LIe
orgunIsers suId.
TIe evenL, TIuIIund Week BI-
zmuLcI uIr zo1q, Is orgunIsed
by LIe DepurLmenL oI nLernu-
LIonuI Trude PromoLIon (DTP)
under LIe MInIsLry oI Com-
merce oI TIuIIund und TIuI-
Iund-bused TT Co Ld, und
wIII be IeId on AprII o uL Purk
RoyuI IoLeI In Yungon.
We wurmIy InvILe respecLIve
enLrepreneurs In Myunmur Lo
purLIcIpuLe In LIIs BIzmuLcI
worksIop. TIe purLIcIpuLIng
compunIes wIII Iuve LIe cIunce
Lo dIscuss wILI eucI oLIer Ior 1
mInuLes. TIuI compunIes und
Myunmur busIness peopIe wIII
excIunge LIeIr poInL oI vIew Lo
cooperuLe In poLenLIuI secLors,
suId Boon nLIruLunu, mInIsLer
counseIIor oI DTP.
TIe busIness muLcIIng IuIr
beLween TIuI und Myunmur
enLrepreneurs wIII be joIned
by ubouL qo compunIes Irom
Bungkok und ILs neIgIbour-
Ing cILIes und CIIungmuI, TT
suId. TIe one-Lo-one busIness
muLcIIng Is urrunged In z ses-
sIons on LIe sume duy.
TIere ure u wIde urruy oI
producLs TIuI seIIers ure goIng
Lo dIscuss wILI enLrepreneurs
Irom Myunmur, IncIudIng con-
sLrucLIon muLerIuI, Iurdwure
und mucIInery, eIecLrIcuI uppII-
unces, Iood und beveruges, gur-
menL, LexLIIe und IusIIon ucces-
sorIes, gems und jeweIIery, gIILs
und decoruLIve ILems, IeuILI
und beuuLy producLs, IospILuI,
IoLeI und spu servIce us weII us
IouseIoId und kILcIen prod-
ucLs.
AccordIng Lo omcIuI sLuLIs-
LIcs, bIIuLeruI Lrude beLween
Myunmur und TIuIIund sLood
uL $q. bIIIIon In LIe hrsL nIne
monLIs (AprII-December) oI
LIe hscuI yeur zo1-1q.
OI LIe LoLuI umounL, My-
unmur`s exporL Lo TIuIIund
reucIed $. bIIIIon wIIIe ILs
ImporL Irom TIuIIund sLood uL
$q;1.q6 mIIIIon.
n zo1, TIuI enLrepreneurs
meL UMCC cIuIrmun Lo ex-
cIunge busIness dIuIogue und
boIsLered eorLs Lo Increuse
commercIuI und IndusLrIuI In-
vesLmenLs In Myunmur.
TIuIIund Ius InvesLed $q.qq
Taiwan ICDF Opens Myanmar Branch
Wai Linn Kyaw
T
uIwun`s oreIgn MInIs-
Lry-Iunded InLernuLIonuI
uId orgunIsuLIon, TuIwun
nLernuLIonuI CooperuLIon und
DeveIopmenL und (CD),
Ius recenLIy opened ILs hrsL
overseus omce In Myunmur, un
CD omcIuI unnounced.
TIIs Is TuIwun CD`s hrsL
overseus omce, und LIe open-
Ing wIII boosL TuIwun`s pres-
ence In LIe counLry und couId
IucIIILuLe bIIuLeruI cooperuLIon
wILI Myunmur In LIe yeurs Lo
come, Morgun CIuo, depuLy
secreLury-generuI oI LIe CD,
suId uL u oreIgn MInIsLry news
brIehng In TuIwun.
CIuo suId LIe CD omce Is
expecLed Lo oer ussIsLunce Lo
IeIp Myunmur`s governmenL
on rIce cuILIvuLIon. TuIwun Is
uIso seL Lo InLroduce pIoLovoI-
LuIc or SoIur EIecLrIc Lo Myun-
mur, us onIy ubouL zo percenL
oI Myunmur`s peopIe Ius uccess
Lo eIecLrIcILy.
TIe omce wus esLubIIsIed un-
der u memorundum oI under-
sLundIng sIgned beLween LIe
Lwo sIdes In OcLober zo1, CIuo
suId. TIe Myunmur uuLIorILIes
omcIuIIy upproved LIe CD oI-
hce In MurcI.
A ceremony Lo murk LIe open-
Ing oI LIe TuIwun CD Myun-
mur BruncI Omce wus IeId In
Yungon, wILI CD SecreLury-
GeneruI Tuo Wen-Iung presenL
Lo IosL LIe ceremony.
However, TuIwun doesn`L
Iuve un omcIuI represenLuLIve
omce In Myunmur us CIInu
cIuIms TuIwun u purL oI ILs Ler-
rILory.
TIe TuIwun ExLernuI
Trude DeveIopmenL CouncII
(TATRA), TuIwun`s upex Lrude
deveIopmenL orgunIsuLIon,
opened u Lrude omce In Yungon
In November zo1.
bIIIIon In Myunmur us oI Junu-
ury zo1q sInce 1q88, mukIng IL
second In Myunmur`s IoreIgn
InvesLors` IIne-up.
~.. ._.:..q.~,_~._:,.
. ._~.. . ....:.._ ~_._ _._ .
q: ~e ~._ ._e. ..: ~. ~_._
_._ . q:. ...| ...: q ~ .q..
e_e..q.q,..~e (ICDF) ._
,.-...._._.,..,.~:. _.,.:
.~ e...~._~:. ._~_:
.._.
~. .|, .~.,_e _., .:. ~
~..-.....:.~:. ....:
._ _e. _. . ._~:. . . .:.~ _., .:.
. ....~.e..:.~:. ~._.
.:..__e.._~:..q._ .
Publicis Enters Myanmar in Partnership With Local Agency
Aye Myat

rencI muILInuLIonuI ud-


verLIsIng und pubIIc reIu-
LIons compuny PubIIcIs
WorIdwIde Ius enLered My-
unmur LIrougI un umIIuLIon
ugreemenL wILI MunduIuy Ad-
verLIsIng, u IocuI ugency.
TIe move wIII see LIe Iormu-
LIon oI u new compuny, Mundu-
Iuy AdverLIsIng-PubIIcIs, wIIcI
wIII become purL oI PubIIcIs
AsIu-PucIhc.
L IoIIows LIeIr recenL joInL
wIn oI NescuI In u compeLILIve
pILcI. PubIIcIs Iud prevIousIy
worked wILI MunduIuy Ior me-
dIu buyIng In LIe murkeL.
MunduIuy`s senIor munuge-
menL Leum wIII remuIn In pIuce.
Kyuw Zuy Yu wIII Ieud LIe op-
eruLIon us munugIng dIrec-
Lor uIongsIde ouIs-SebusLIen
OII, cIIeI execuLIve oI PubIIcIs
TIuIIund. TIe senIor sLruLegy
udvIsor und dIrecLor wIII uIso
conLInue In LIeIr roIes. OII suId
PubIIcIs wouId uIso
reIocuLe some sLu members
Lo Myunmur.
PubIIcIs TIuIIund wIII be re-
sponsIbIe Ior InLegruLIng Mun-
duIuy InLo LIe neLwork. Yu
Iounded MunduIuy In zoo6. L
Ius u Leum oI uround o und
servIces cIIenLs sucI us AbboLL,
TIger BuIm, Muzdu und OIsII us
weII us NesLI.
OII suId PubIIcIs vuIued Mun-
duIuy`s enLrepreneurIuI spIrIL.
Yu suId Ie beIIeved PubIIcIs Iud
u commILmenL Lo grow our In-
dusLry In Myunmur.
AccordIng Lo OII, PubIIcIs
TIuIIund wIII operuLe us some-
LIIng oI u buck omce Lo LIe
new ugency. WIIIe MunduIuy
Is ubIe Lo oer mucI-needed
InsIgILs InLo LIe IocuI murkeL,
PubIIcIs wIII oer supporL und
guIdunce Lo vuryIng degrees
dependIng on cIIenL demunds,
Ie suId. He noLed LIuL PubII-
cIs wouId provIde u sIgnIhcunL
umounL oI LruInIng.
OLIer recenL enLrunLs Lo My-
unmur IncIude DenLsu, ADK,
JWT und OgIIvy. Adspend In
LIe murkeL LoLuIIed uround
$1o mIIIIon IusL yeur, buL Is ex-
pecLed Lo rIse Lo beLween $zo
und $zqo mIIIIon LIIs yeur, uc-
cordIng Lo unuIysLs.
Up Lo JuIy zo1, PubIIcIs wus
one oI LIe BIg our ugency
compunIes (uIongsIde WPP,
nLerpubIIc und OmnIcom).
EsLubIIsIed In 1qz6, PubIIcIs
operuLes In 1o counLrIes und
ILs revenue In zo1z wus C6.61
bIIIIon.
Publicis Worldwide ~.,_e
_._ ~ ..~ . ~. . _e. ._ .. ...
._~:_:..,.. ....|...:....
.~: _.,.:.. ~.q:~.:_.
_e.._.
~. .| .: . . ~q Mandal ay
Advertising- Publicis ~.~~:.
e ._.._ _e. _. . Publicis Asia-Pacifc
-~. . ~ ~. ...~_e. :.q ._ _e.
._. Publicis ~.,_e .....
._~:_:..,.. e.~~_.~.
...~ ~ . q:. . , ..:. . ...| .. .
..: . ._ . Mandalay Advertising-
Publicis ~ ..~:.~e. ~...
..|,~~:~_e. Publicis Thailand
- ~...:~q:q.._e.. Louis-
Sebastien Ohl . ....|...:q~
.__e._.. e......~....~e.
. .~ .~ ~:~, e . . ~ . :.._
_e. ._ .~e - ~_~ .~, ..e:-e:
~_~....:.. .|,~~:.:.~.,_e
e. ~~ . . ~_ q ._ _ e. _ . .
Publicis - ~,..~.~:. _.,.:
.. ..'e.:..__e.._~:.._.
.q._.
.....~.,_e _._~....~~
. ~. .~ .:.~:. q :.e . ._ ....q._
_e._.. Publicis . .:~...:..
~_~_..~.:.~:. ....- ~e.
~:.~..'.~_~: ....:..__e.
._.~_. Publicis . .~.
._ .~,..:.._. ...~..:.
.__e.._~:.._. .q._.
Myanmar Summary
Myanmar Summary
Netherland to Aid Myanmar in
Tourism Development
Phyu Thit Lwin
M
yunmur wIII geL mon-
eLury ussIsLunce Irom
LIe NeLIerIunds Lo
deveIop ILs LourIsm secLor, oI-
hcIuIs suId.
L wus reveuIed uL u meeLIng
beLween LIe MInIsLry oI HoLeIs
und TourIsm und LIe CenLre Ior
LIe PromoLIon oI mporLs Irom
DeveIopIng CounLrIes (CB)
und LIe nLernuLIonuI Trude
CenLre (TC) oI NeLIerIunds.
TIe cusI ussIsLunce oI LIe
NeLIerIunds TrusL und wIII
be provIded under un ugree-
menL oI CB und TC Ior ImpIe-
menLIng LIe NuLIonuI ExporL
SLruLegy Ior Myunmur`s LourIsm
deveIopmenL.
Myunmur Is ImpIemenLIng u
LourIsm-reIuLed MusLer PIun
zo1-zozo wIIcI wus druwn
wILI LIe ussIsLunce oI InLernu-
LIonuI orgunIsuLIons.
TourIsL urrIvuI In Myunmur
soured Lo 1.o6 mIIIIon In zo1z
und z.oq mIIIIon In zo1, uc-
cordIng Lo governmenL hgures.
AccordIng Lo omcIuI sLuLIsLIcs,
IoreIgn InvesLmenL In LIe Io-
LeIs und LourIsm secLor reucIed
$1. bIIIIon us oI LIe end oI
Junuury, uccounLIng Ior q.q
percenL oI LIe LoLuI D In My-
unmur.
_.,.:.q ..~.~~.._e.
..: TTF q, ~ , , ~ . ~ . . ~~
. ~:~,e.._~._~._.. DITP -
_.,.:_.__:.,~e.:..e_e...:
....:..q....,.. ...~_..:
.. . .. :..q.. ~ .., ..q: .~e
.q.~, _~ ._:,-~_._ _._ . q:. .. :.
.q._.~._:, DITP ...
_., .:. . . .. :..q.. . , .q .:.
~. q~ ~:. .. :..q... ... .. Thailand
Week Bizmatch Fair ~ -_. ,~ q~
~ q,~,_. Park Royal Hotel
~ ~...:..__e.._~:. TTF
~.~- ._.:_~:..~~q .q._.
e. ~~, ...~._. .
. . . .. :..q.. . , .q .:.. _., .:
. ~ , ._ _~ ..:.. .~ . .~ .
..,.q.:.~.... UMFCCI
~_. .~._.. ...:..q..q:
......e.e..:. _...._.. _.,.:
. ~ .~ . .~ . . q: . . , ..:.
~ .:.q:~q..._.....:. ..~
..: q ~ q, ~~ ~ ._. . ~ ~ .:..
q._~:. .~.qq._.
_., .:. ~.,_e .q .. :.~_e _e .
~.~~.q.~~~ ,e.:.,..
.._~.~.:~~..:. qq.__e.
._~:. .q._.
e~e..q..:..:.q.~,_~._:,
Center for the Promotion of Imports
from Developing Countries (CBI)
. The International Trade Center
(ITC) of Netherland ~~_~:._...
._ .......~ ~:~,q..:..
~.e:._.:_~:.._.._e.._.
~. .|. ._ ~.~.:~ ~. ~:.
Netherlands Trust Fund III . CBI
. ITC ~~_~:. ..:~_.~
~q _., .:. - .q .. :.. . , . e _e .
~ .~~ .q.~~ ~ .:~ . ...._ _e.
._ ._., .:. ~.,_e .q .. :.. . , .
..~,. ~~,~~ ~:. ~_.__._
.q: ~e~._..:.- ~~~__e
.q..._.. ~.~:~_.e:..:
q ~ .~q._.
April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
LOCAL BIZ
9
Myanmar Summary
OVL to Get Stuke in Myunmur OHshore Block espite Losing
O
NGC VIdesI Ld
(OV), LIe over-
seus urm oI ndIu`s
sLuLe-run OII und NuLuruI
Gus Corp, muy sLIII geL u
sLuke In u deep-seu bIock
In Myunmur despILe Ios-
Ing ouL In LIe recenL o-
sIore bIddIng process In
Myunmur.
OV Iud bId Ior Lwo
oI LIe 1o sIuIIow-wuLer
bIocks LIuL Myunmur
Iud uucLIoned buL drew
u bIunk wIen LIe heIds
were uwurded on MurcI
z6.
TIe compuny couId geL
up Lo qq percenL sLuke In
u deepwuLer oII und gus
bIock won by un InLer-
nuLIonuI compuny, OV
munugIng dIrecLor SP
Gurg suId, uccordIng Lo
ndIun medIu reporLs.
We Iud u pre-bId un-
dersLundIng wILI un In-
LernuLIonuI oII compuny
LIuL II we were Lo wIn uny
sIuIIow-wuLer ucreuge,
LIey wIII Iurm-In (pIck up
sLuke). SImIIurIy, In cuse
LIuL compuny wus suc-
cessIuI In pIckIng up uny
oI LIe deep-seu ucreuges
IL bId Ior, we wouId geL u
sLuke, Gurg wus quoLed
us suyIng by PT news
ugency.
However, Gurg reIused
Lo IdenLIIy LIe InLernu-
LIonuI compuny.
Myunmur OII und Gus
EnLerprIse (MOGE) Iud
InvILed Lenders Ior o o-
sIore bIocks In AprII IusL
yeur, uLLrucLIng InLeresL
Irom u LoLuI oI ; InLer-
nuLIonuI oII und gus hrms,
buL uILer LIe mInIsLry re-
Ieused u pre-quuIIhed IIsL
oI 61 compunIes In JuIy,
onIy o produced propos-
uIs.
On MurcI z6, IL uwurd-
ed Lenders Lo expIore Ior
oII und gus In ILs zo o-
sIore bIocks Lo InLernu-
LIonuI energy compunIes,
IncIudIng RoyuI DuLcI
SIeII PC, ConocoPIIIIIps
und ToLuI SA.
TIe hnuI IIsL, wIIcI In-
cIuded boLI sIuIIow und
deepwuLer bIocks, Iud
BG AsIu PucIhc PLe Ld
und WoodsIde Energy
(Myunmur) PLe Ld, wIo
submILLed joInL proposuIs
und won Iour bIocks.
ondon-bused OpIIr
Energy und ToLuI oI
runce eucI won u deep-
seu bIock In Myunmur`s
muIden IIcencIng round.
Kyaw Min
WIIIe OpIIr won LIe
AD- deepwuLer bIock,
ToLuI won LIe YWB bIock.
LuIy`s EnI pIcked up
deepwuLer bIocks MD-z
und MD-q on ILs own.
TIe oLIer deep-seu
bIocks wenL Lo groups oI
gIobuI energy mujors und
IL Is unIIkeIy LIuL OV Iud
u pre-bId undersLundIng
wILI LIem, uccordIng Lo
PT.
AngIo-DuLcI super-
mujor RoyuI DuLcI SIeII
wus uwurded deepwuLer
bIocks AD-q, AD-11 und
MD- us operuLor, uII
uIongsIde Jupun`s MILsuI
OII ExpIoruLIon, uccord-
Ing Lo Myunmur`s MIn-
IsLry oI Energy. US gIunL
ConocoPIIIIIps won deep-
wuLer bIock AD-1o wILI
NorwegIun sLuLe-owned
SLuLoII us operuLor.
ReIIunce ndusLrIes won
Lwo oI LIe LIree osIore
oII und gus bIocks IL bId
Ior wIIIe OII ndIu (O),
uIong wILI purLners Mer-
cuLor PeLroIeum und OII-
mux Energy PvL Ld, won
Lwo oI LIe LIree bIocks IL
bId Ior. R won sIuIIow-
wuLer bIocks M-1; und
M-18 wIIIe O und ILs
purLners goL bIocks M-q
und YEB, uccordIng Lo
Myunmur`s mInIsLry oI
energy.
As u purL oI LIe IuLesL
Lenders, InLernuLIonuI
hrms musL ugree Lo joInL
venLure wILI u IocuI purL-
ner, LIougI LIose purL-
nersIIps Iuve yeL Lo be
reveuIed pubIIcuIIy. TIe
wInners ure uIso requIred
Lo InvesL uL IeusL $ bII-
IIon uILer producLIon-
sIurIng conLrucLs (PSC)
ure sIgned wILI MOGE,
uILer wIIcI LIe wInners
~ . e. . . ~~: .q,
. .:~.:~.~..e:.q.
.~:..q.q._e.._ ONGC
Videsh Limited (OVL) ._
wIII geL o-yeur IIcences
Lo expIore und produce oII
und gus osIore.
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April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
LOCAL BIZ
10
From page ,...(Pipelines)
From page ,...(Pipelines)
by spurrIng domesLIc oII
und gus producLIon. TIIs
boosLed domesLIc pro-
ducLIon, purLIcuIurIy oI
nuLuruI gus, couId be used
Lo power LIe new power
pIunLs beIng promoLed by
LIe Burmese governmenL.
AccordIng Lo LIe AsIun
DeveIopmenL Bunk, onIy
o percenL oI Myunmur`s
popuIuLIon Ius eIecLrIcILy
uccess. SucI energy pov-
erLy poses u sIgnIhcunL
obsLucIe Lo Myunmur`s
economIc deveIopmenL,
und cusLs neguLIve IIgIL
on LIe governmenL`s pop-
uIurILy umongsL LIe popu-
Iuce.
Benepts for Chino
TIe projecL serves us un
uppurenL soIuLIon Lo Lwo
oI CIInu`s mujor sLruLegIc
dIIemmus:
1) ApproxImuLeIy 8o
percenL oI CIInu`s oII
ImporLs puss vIu sIIps
LIrougI LIe MuIuccu
SLruILs. TIIs vuInerubIIILy
worrIes CIInu`s geosLru-
LegIc pIunners, und Ius
been coIned us CIInu`s
MuIuccu DIIemmu In
ucudemIc urLIcIes und LIe
press. TIe pIpeIInes ud-
dress LIIs dIIemmu by oI-
IerIng u vuIuubIe uILernu-
LIve rouLe LIrougI wIIcI
CIInu cun ImporL Iydro-
curbon resources Irom AI-
rIcu und LIe MIddIe EusL,
LIereby gIvIng IL greuLer
sLruLegIc exIbIIILy.
z) A secondury benehL Is
LIuL LIe pIpeIInes promIse
Lo brIng economIc deveI-
opmenL Lo Yunnun prov-
Ince, wIIcI Ius LIe LIIrd
IowesL GDP per cupILu oI
CIInu`s udmInIsLruLIve
dIvIsIons. TIe provInce
currenLIy ucquIres ILs oII
Irom LIe eusL vIu ruII, u
more expensIve Iorm oI
LrunsporL. By provIdIng
cIeuper und more pIenLI-
IuI IueI, LIe pIpeIInes wIII
IopeIuIIy spur economIc
growLI. TIe pIpeIInes, In
conjuncLIon wILI LIe Yun-
nun-Arukun ruIIwuy, wIII
uIso esLubIIsI Lrude uccess
rouLes Irom Yunnun Lo
LIe Buy oI BenguI.
Trouble ahead
DespILe LIese promIs-
Ing benehLs, LIe pIpeIInes
brIng CIInu u new seL oI
IeuducIes, und In LIe
words oI u CIInese Inde-
pendenL journuIIsL, LIe
projecL seems Lo gener-
uLe more probIems LIun
LIe MuIuccu DIIemmu.
Ive mujor Issues cIoud
LIe pIpeIInes` IuLure pros-
pecLs:
1) TIere Is u Iuck oI In-
IrusLrucLure In CIInu Lo
Luke In LIe oII expecLed
Lo ow LIrougI LIe pIpe-
IIne upon ILs compIeLIon
IuLer LIIs yeur. As CIInese
economIc growLI sIows,
LIe pusI Lo buIId up oII
consumpLIon-reIuLed In-
IrusLrucLure, sucI us re-
hnerIes und new pIpeIIne
neLworks, Is IudIng. TIIs
meuns LIuL LIere Is now
u serIous poLenLIuI Ior LIe
pIpeIIne Lo be compIeLed
und LIe oII Lo Iuve no-
wIere Lo go once IL reucI-
es Yunnun, cuusIng u gIuL
on LIe Burmese cousL.
z) As Myunmur guIns
promInence In LIe InLer-
nuLIonuI spIere, more
counLrIes ure IookIng Lo
InvesL In LIe Iormer pu-
rIuI sLuLe und benehL
Irom ILs rupIdIy expund-
Ing murkeLs. One oI LIe
ImmedIuLe ImpIIcuLIons
oI LIese deveIopmenLs Ior
LIe pIpeIIne Is LIuL My-
unmur Is now In u beLLer
posILIon Lo negoLIuLe wILI
CIInu over LIe Lerms oI
LIe pIpeIIne deuI. WIere-
us prevIousIy CIInu wus
one oI LIe Iew pIuyers
wIIIIng Lo do busIness
wILI Myunmur, LIere ure
now severuI conLenders.
WILI ILs greuLer Iever-
uge, Myunmur muy seek
Lo cIunge LIe Lerms oI
LIe pIpeIIne ugreemenL.
Myunmur`s suspensIon
oI CIInu`s MyILsone Dum
projecL In zo11 Is evIdence
oI Myunmur`s Increus-
Ing wIIIIngness Lo deIy
CIInese InIrusLrucLuruI
pIuns.
) TIere ure numer-
ous securILy concerns.
TIe pIpeIIne begIns In
RukIIne SLuLe, LIe sILe
oI LIe vIoIence beLween
MusIIms und BuddIIsLs
In zo1z LIuL some com-
menLuLors Iuve descrIbed
us genocIduI. urLIer
norLI, LIe pIpeIIne pusses
LIrougI LerrILorIes LIuL
unLII recenLIy were In u
sLuLe oI open cIvII wur
wILI LIe Burmese cenLruI
governmenL.
q) TIere ure severuI Io-
cuI InLeresL groups op-
posed Lo LIe pIpeIInes`
consLrucLIon Ior Ieurs oI
IosIng Iund, jobs, und IIve-
IIIoods. TIIs opposILIon
Is presenLed mosL vocuIIy
by LIe SIwe Gus Move-
menL, wIIcI reguIurIy
demonsLruLes uguInsL LIe
pIpeIIne. TIe sLuLe oI IocuI
dIssuLIsIucLIon wILI LIe
projecL Is uugmenLed by
reporLs LIuL LIe Burmese
governmenL Ius noL dIs-
LrIbuLed Iunds provIded
by CIInese compunIes Lo
compensuLe IocuI com-
munILIes uIong LIe pIpe-
IInes` rouLe.
) Burmese-CIInese
eLInIc LensIons cuuse
unoLIer Lype oI IocuI re-
sIsLunce Lo LIe pIpeIInes,
dIsLIncL Irom LIe dIs-
pIucemenL Issues men-
LIoned ubove. TIe recenL
uLLuck on u reIuy sLuLIon
wus uIIegedIy cuLuIyzed
by u dIspuLe beLween Bur-
mese und CIInese work-
ers. ELInIc CIInese IIv-
Ing In Myunmur ure oILen
regurded neguLIveIy, boLI
Ior reusons oI IegemonIc
suspIcIons on beIuII oI
LIe Burmese und LIe eco-
nomIc dIvIdes beLween
ImpoverIsIed Burmese
und reIuLIveIy weuILIy
CIInese; eLInIc CIInese
Lend Lo occupy u IIgIer
economIc cIuss In Myun-
mur by benehLIng Irom
cross-border LrudIng neL-
works wILI communILIes
In CIInu.
Tr oubled pi peli nes
AILIougI LIe pIpeIInes`
consLrucLIon wIII be hn-
IsIed sIorLIy, LIe projecL
Ius noL secured CIInu`s
ImporLs oI oII und gus In
us sIgnIhcunL u wuy us
wus prevIousIy Ioped.
TIe pIpeIInes wIII uIIow
CIInu Lo reduce ILs vuI-
nerubIIILy In LIe MuIuccu
SLruILs und, uL LIe sume
LIme, economIcuIIy de-
veIop one oI ILs pooresL
provInces. However LIe
benehLs oI LIe pIpeIInes
ure consLruIned by severuI
IucLors, IncIudIng InsuI-
hcIenL InIrusLrucLure, Iu-
Lure re-negoLIuLIons wILI
Myunmur, securILy con-
cerns, IocuI resIsLunce,
und eLInIc LensIons.
NIcIoIus Borroz Is con-
LrIbuLor uL LIe nLernu-
LIonuI SecurILy Observer
(SO). NIcIoIus Is un In-
dependenL unuIysL oI en-
ergy geopoIILIcs wILI un
empIusIs on oII und gus
LrunsporLuLIon InIrusLruc-
Lure. He works Ior u DC-
bused rIsk consuILuncy
und Ius LIree yeurs` expe-
rIencIng workIng Ior LIe
US governmenL In InLer-
nuLIonuI uuIrs wIere Ie
Iocused on deveIopmenL,
energy, und mucroeco-
nomIcs. TIIs urLIcIe wus
orIgInuIIy pubIIsIed by
LIe nLernuLIonuI SecurILy
Observer.
Nicholas Borroz is con-
tributor at the Interna-
tional Security Observer
(ISO). Nicholas is an
independent analyst of
energy geopolitics with
an emphasis on oil and
gas transportation infra-
structure. He works for a
DC-based risk consultan-
cy and has three years
experiencing working for
the US government in in-
ternctioncl cgcirs uhere
he focused on develop-
ment, energy, and mac-
roeconomics. This article
was originally published
by the International Se-
curity Observer and has
been republished with the
authors permission.
..:~ . . . _. ._e. ._ ._., .:
.q,..:~.:~...,.
. ~,~~...:..q,.~:.
.q.q.~-...:._e ~.
.|. . ~ , .._ e. . . ~~ , ~
_. .. .._ _e. _.. e .. . ~ , .._~:
._.:.q..._...._..:..:
_.. .q,. .:~.:~..
. _.:.~ . ~ ..:_. .. _._
~..:~.:~...._..~
. . .:~ . .... _. ..._
~~..~.~..:.qq.:.__e.
._.
~,~.~._. ~..|
.. ~,.._~: ..q..,q..:
Malacca ~~. ~~_.~ ._eq .
. _. .. ~, ~ . - ~~ e
GDP ~,.~....: e,,
... e_e.~.~~.:._..
.._~~....:..:.qq.:.
.__e.._.
. ..: ._. ~, ~ . ._
~..|.:~..~..._~:
.:~ . . .. : . ._ ~._..
~..:~ ~~ .q _. . _., .:.
~ ~_.:.._.:.q..._....
.:.~_. ~. ~ .q:~ _. .
~..|.:~...._.~.
.._.,.:~.~,~._e..,
..: q...~_.. .q.:~
. . . ~ , .~ ., ~ ..: _._
~..._...:.. ~,~...
.:.._ _.,.:.-....:
_~e ~. ~ .~ ~|._~ .~ . . _~
._ e ..: ~, ~ _., .: . . .
.q.~..:..:.~ q..,q
._.
e .. . ~ , .._ ._~:. _. .. .
.__e._.. Malacca ~~.
~~_.. e ,, ...e _e.~.~~
.~:....:......__e.
..: ._ . ~._.. ~..:~ ~~
.. ..:~ _. . ~,:~ ~
_.,.:.. _.,._......
_.. ._..q._..,: _._~.
.._._... ....q.~..:.
.:.._. .|~.,._.
Map showing the China-Myanmar Shwe Gas Pipeline.
R
F
A
There were frequent protests against the Sino-Burmese pipeline in the last couple of years.
S
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April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
LOCAL BIZ
11
Myanmar Summary
USDA Projects Myanmar Rice Production, Exports to Increase in 2015
M
yunmur`s rIce exporLs
ure IIkeIy Lo Increuse
Lo ubouL 1.1 mIIIIon
Lonnes In LIe cuIendur yeur
zo1, up ubouL 1 percenL Irom
un esLImuLed 1. mIIIIon Lonnes
exporLed In zo1q due Lo IIgIer
producLIon und sLrong overseus
demund, LIe US DepurLmenL oI
AgrIcuILure (USDA) PosL suId.
TIe PosL esLImuLes oI My-
unmur`s zo1q rIce exporLs oI
uround 1. mIIIIon Lonnes ure
up ubouL 1z percenL Irom un
esLImuLed 1.16 mIIIIon Lonnes
In zo1. ExporLs ure IIkeIy Lo
Increuse LIIs yeur due Lo IIgIer
demund und ImprovemenL In
gruIn quuIILy.
TIe PosL suId LIe Myunmur
AgrIcuILuruI PrIvuLe Cooperu-
LIon Ius won u rIce Lender Lo
suppIy 6o,ooo Lonnes oI rIce Lo
Jupun wILI deIIvery expecLed
LIIs yeur.
RIce producLIon Is Improv-
Ing In Myunmur due Lo IIgIer
prIces, IuvourubIe weuLIer con-
dILIons, governmenL supporL,
InIrusLrucLure und Improved
seed suppIy.
AccordIng Lo LIe PosL, My-
unmur`s rIce producLIon Is ex-
Phyu Thit Lwin
pecLed Lo Increuse Lo 1z.16 mII-
IIon Lonnes In zo1, up ubouL
1 percenL Irom un esLImuLed
11.q6 mIIIIon Lons In LIe prevI-
ous yeur, IeIped by conLInued
expunsIon In pIunLIng ureu.
TIe governmenL Is consLrucL-
Ing eIgIL dums wIIcI wouId
be compIeLed In zo1q und LIe
renovuLIon oI druInuge cunuIs
In ood zones und deep wuLer
ureus In LIe Ayeyurwuddy re-
gIon Is expecLed Lo Increuse LIe
pIunLIng ucreuge Ior dry seuson
rIce nexL yeur.
TIe USDA PosL Increused ILs
esLImuLes Ior Myunmur`s zo1q
rIce producLIon by z percenL Lo
11.q6 mIIIIon Lonnes Irom un
esLImuLed 11.;z mIIIIon Lonnes
due Lo IuvourubIe weuLIer con-
dILIons.
TIe USDA PosL esLImuLes LoLuI
mIIIed rIce consumpLIon In My-
unmur uL 11 mIIIIon Lonnes Ior
zo1, up ubouL percenL Irom
un esLImuLed 1o. mIIIIon Lonnes
In zo1q. TIe PosL projecLs LIuL
u z percenL rIse In popuIuLIon Is
expecLed Lo boosL per cupILu rIce
consumpLIon Lo 18o kIIogrums
per yeur und seed usuge Lo 1o
kIIogrum per IecLure.
TIe governmenL Is supporLIng
S
o
e

Z
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T
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/
R
e
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t
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r
s
Iurmers by wuy oI InIrusLruc-
Lure deveIopmenL, mecIunIsu-
LIon, LecInoIogy ussIsLunce. L Is
uIso provIdIng hnuncIuI supporL
In LIe Iorm oI u Kqo,ooo ($q1)
credIL IIne per IecLure Lo Iurm-
ers LIrougI LIe governmenL-
owned Myunmur AgrIcuILuruI
DeveIopmenL Bunk (MADB).
However, LIe USDA PosL suys
LIuL Myunmur rIce Iurmers sLIII
cunnoL compeLe wILI LIe Iurm-
ers oI TIuIIund und VIeLnum
becuuse oI Iubour sIorLuges und
IncreusIng InpuL cosLs.
~.. ._.:..q.~,_~._:,.
. ._~.. . ....:.._ ~_._ _._ .
q: ~e ~._ ._e. ..: ~. ~_._
_._ . q:. ...| ...: q ~ .q..
e_e..q.q,..~e (ICDF) ._
,.-...._._.,..,.~:. _.,.:
.~ e...~._~:. ._~_:
.._.
~. .|, .~.,_e _., .:. ~
~..-.....:.~:. ....:
._ _e. _. . ._~:. . . .:.~ _., .:.
. ....~.e..:.~:. ~._.
.:..__e.._~:. ICDF - .~e
~. . ~~ ..q.. . Morgan Chao
~ ._.:_~:.._ . ~. .|, .._ _., .:
~. .q-., ..|.q ~ . . .. . :.~
~~ ~_ .... q, ..: . , .:._ . .
...q ~ q:..,..,.: ......
qq._ _.,.:.~ ..:....
., photovoltaic .,.~:. .~.~
....q, ...~q._.
April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
LOCAL BIZ
12
From page ...(Powering Myanmar)
From page ...(Powering Myanmar)
dIspuLe resoIuLIon InsLeud
oI domesLIc courLs, uc-
cordIng Lo SIngupore-
bused uLLorney NomILu
NuIr. TIe WorId Bunk und
AsIun DeveIopmenL Bunk
(ADB) ure boLI workIng
cIoseIy wILI LIe govern-
menL on deveIopIng LIe
IndusLry und puLLIng LIe
rIgIL reguIuLory sLruc-
Lures In pIuce. AILIougI
upprovuI Ior LIe NuLIonuI
EIecLrIhcuLIon Progrum Is
IIkeIy In LIe IourLI quur-
Ler oI LIIs yeur, MIcIueI
SpoIum, u uIbrIgIL-CIIn-
Lon IeIIow workIng wILI
LIe PresIdenL`s Omce In
Myunmur, LoId BreukIng
Energy, deveIopIng LIe Ie-
guI und poIIcy Irumeworks
Lo supporL LIe progrum
Lukes LIme.
The Amer i cans
r etur n
n AprII IusL yeur, uI-
Ler openIng ILs AsIun op-
eruLIons, IorIdu-bused
APR Energy IdenLIhed
Myunmur us u key ureu
Ior growLI. AccordIng
Lo CIIve TurLon, Ieud oI
busIness deveIopmenL Ior
AsIu uL APR Energy, sup-
pIIes oI IIgI-quuIILy In-
dIgenous gus, u Iow eIec-
LrIhcuLIon ruLIo und u vusL
murkeL - Myunmur Ius u
popuIuLIon oI 6o mIIIIon
peopIe, sIIgILIy Iurger In
sIze LIun EngIund - uII
muke Myunmur un uLLruc-
LIve murkeL.
TIIs Is LIe hrsL AmerI-
cun power compuny Lo
enLer sInce LIe suncLIons
were eused. APR Energy
Is buIIdIng u 1ooMW gus-
hred power pIunL ubouL
o kIIomeLres (1 mIIes)
ouLsIde MunduIuy LIuL IL
expecLs Lo Iuve up und
runnIng soon. TIIs wIII
muke IL one oI LIe Iurg-
esL LIermuI power pIunLs
In LIe counLry und IIkeIy,
one oI LIe mosL emcIenL.
TIe speed uL wIIcI APR
Energy cun seL up power
pIunLs Is IIkeIy one oI LIe
IucLors LIuL IeIped LIem
wIn LIe conLrucL. n LIe
cuse oI Myunmur, IL wus
very ImporLunL Lo puL IL
LogeLIer quIckIy, suId
TurLon.
APR wIII buIId und
muInLuIn LIe pIunL, seIIIng
eIecLrIcILy Lo MEPE. Tur-
Lon wouIdn`L gIve deLuIIs
on prIcIng, buL suId IL wus
In IIne wILI oLIer Inde-
pendenL power producers
In LIe counLry. HuvIng uI-
IocuLed domesLIc nuLuruI
gus Ior LIe projecL, Tur-
Lon suId LIe governmenL
uwurded LIe conLrucL on
LIe busIs oI wIo couId use
LIuL gus mosL emcIenLIy.
DespILe LIe IeguI un-
cerLuInLIes und Iuck oI u
reguIuLory Irumework,
beIng hrsL LIrougI LIe
door dIdn`L prove espe-
cIuIIy dImcuIL Ior TurLon.
AccordIng Lo IIm, LIe
governmenL unnounced
LIe InvILuLIon buck In Sep-
Lember IusL yeur und we
were InvILed, uIong wILI
severuI oLIer compunIes
Lo submIL bIds. TIe pro-
cess wus sImpIy u process
oI prepurIng LIe bIds und
seIecLIng LIe suppIIers.
BIddIng wus very Lruns-
purenL.
NuIr suys LIIs Lype oI
InvesLmenL - Irom WesL-
ern counLrIes - Is pur-
LIcuIurIy weIcome. TIe
counLry wunLs WesLern
LecInoIogy, know-Iow
und IIgIer sLundurds, In
Lerms oI envIronmenLuI
sLundurds und LruInIng,
sIe suId. HIsLorIcuIIy, LIe
counLry purLnered wILI
NorLI AsIun InvesLors
Ior power pIunLs. And
LIe CIInese, us ucLIve us
LIey ure, mIgIL be weur-
Ing ouL LIeIr weIcome.
OI q8 IdenLIhed pIunned
projecLs, InvoIve CII-
nese InvesLors, uccord-
Ing Lo u presenLuLIon by
MEPE und YESB gIven
In zo1z. TIe mosL recenL
proLesLs on energy uren`L
over LIe recenL prIce
IIke, buL over u CIInese
Iydropower dum. L wus
orIgInuIIy meunL Lo exporL
qo percenL oI LIe energy
ouLsIde LIe counLry`s bor-
ders, buL wus sLopped In
zo11. Now, cILIzens ure
concerned LIe projecL wIII
move Iorwurd uILer LIe
zo1 eIecLIon und cuuse
ecoIogIcuI Iurm.
The risk prople
Myunmur Is open Ior
busIness, buL InvesLIng
remuIns u compIex pro-
cess. SLIII, LIe govern-
menL Ius u powerIuI uIIy
wILI LIe WorId Bunk
workIng on un InvesL-
menL prospecLus. OI LIe
Lwo bIIIIon doIIurs LIe
WorId Bunk commILLed Lo
LIe counLry, IuII Is eur-
murked Ior eIecLrIcILy,
suId Dejun DosLojIc, Ieud-
er oI LIe bunk`s Myunmur
power projecL. WIIIe LIe
deveIopmenL pIun Is sLIII
In LIe eurIy sLuges, DosLo-
jIc couIdn`L commenL on
Iow uII LIe money wouId
be used, buL Ie dId suy LIe
buIk wouId go Lowurds
ImprovIng LIe dIsLrIbu-
LIon sysLem. TIIs sIouId
be weIcome news Lo boLI
producers und cusLomers.
WILIouL u IeguI Irume-
work or u seL ugreemenL
on PPAs (LIese ure seL
on u per projecL busIs),
InvesLors Iuce sIgnIhcunL
rIsk. WIIIe NuIr suys LIe
governmenL Ius seL ouL
purumeLers Lo encour-
uge InvesLors, oLIer ex-
perLs seem more scepLI-
cuI, poInLIng Lo LIe Iuck oI
InsLILuLIonuI Irumeworks
und some umbIguILy In
LIe sysLem. BuL LIe gov-
ernmenL Is geLLIng IeIp,
suId SpoIum: TIe gov-
ernmenL Ius LIe IuII und
unwuverIng supporL oI
LIe donor communILy
und Is hrmIy commILLed
Lo expundIng LIe power
secLor In u munner LIuL Is
LrunspurenL und equILu-
bIe, Iowever, deveIopIng
eecLIve und InLeIIIgenL
InsLILuLIons, Iuws und reg-
uIuLIons Lukes LIme. SLIII
NuIr wurns LIuL suncLIons
remuIn on cerLuIn Myun-
mur enLILIes LIuL compu-
nIes need Lo be uwure oI,
buL InvesLmenL Is possI-
bIe.
Myunmur Is under Lre-
mendous pressure Lo geL
LIe Irumework und Iuws
rIgIL. An experL cIose Lo
LIe Issue, wIo usked Lo noL
Lo be IdenLIhed Ior Ieur oI
ungerIng LIe governmenL,
suys LIe bureuucruLIc
rIsk uversIon Is pervusIve
In LIe counLry, und decI-
sIons ure uIwuys pussed Lo
LIe Lop. TIIs LrunsIuLes
Lo u sIow bureuucruLIc
process. DosLojIc empIu-
sIzed LIe need Ior InLernuI
work on LIe governmenL.
On Lop oI LIeIr eorLs Lo
IeIp LIe governmenL ex-
Lend eIecLrIhcuLIon ucross
LIe bourd, InsLILuLIonuI
buIIdIng und cupucILy
buIIdIng In LIe govern-
menL Is u mujor Lusk,
suId DosLojIc.
NoL onIy LIuL, buL LIe
governmenL body In
cIurge oI InvesLmenLs -
LIe Myunmur nvesLmenL
CommIssIon - Is bom-
burded wILI projecLs Irom
smuII-scuIe LImber mIIIs
Lo bIg oII und gus projecLs.
AII oI LIIs Ieuds Lo un
InLense udmInIsLruLIve
burden, wIIcI Ius, de-
spILe LIe besL cooperuLIve
eorLs oI muny cupubIe
und commILLed omcIuIs,
sIowed LIe ow oI D
InLo LIe counLry, suId Sp-
oIum. AuLIorILIes ure oI
course uwure oI LIe cIuI-
Ienges und ure proucLIveIy
workIng Lo Lweuk MC up-
provuI processes Lo ucceI-
eruLe D Inows wILIouL
compromIsIng uccounL-
ubIIILy or Lrunspurency,
Ie udded. And Indeed, II
APR Energy`s experIence
Is unyLIIng Lo go by, LIe
process Ius LIe poLenLIuI
Lo be LrunspurenL und
smooLI.
DespILe LIe cIuIIenges,
LIere Is no Iuck oI InLer-
esL In LIe counLry, suy ex-
perLs. n Lerms oI prIcIng,
some deveIopers won`L
cure II LIe prIce Is uILI-
muLeIy pussed onLo LIe
consumer or II IL`s subsI-
dIsed by LIe governmenL,
urgues NuIr. Even LIougI
LIe governmenL Isn`L In u
posILIon Lo gIve sIgnIh-
cunL hnuncIuI IncenLIves
on ILs own Lo uLLrucL D,
wILI IeIp Irom InLernu-
LIonuI orgunIzuLIons, LIIs
mukes |Myunmur| un uL-
LrucLIve D desLInuLIon
Ior InvesLors, uccordIng
Lo VIkus SIurmu, ussocI-
uLe dIrecLor uL rosL &
SuIIIvun.
n LIe counLrysIde
wIere LIe need Ior eIec-
LrIcILy Is greuL, LIe per-
ceIved rIsk Is even IIgIer.
SpoIum suys Ie`s workIng
wILI prIvuLe und pubIIc
secLor sLukeIoIders und
NGOs Lo brIng upIund
ruruI ureus wILI IIgI ug-
rIcuILuruI poLenLIuI wIere
muny InvesLors won`L go
becuuse LIe rIsk prohIe Is
u bIL Loo IIgI Ior LIem.
n ruruI ureus wILI uccess
Lo some eIecLrIcILy Irom
mInI-grIds, IeedsLock Is
dIeseI und LurIs ure us
IIgI us $o.1-$o.z per
unIL, compured Lo $o.o-
$o.o Ior IouseIoIds
connecLed Lo LIe nuLIonuI
grId. SpoIum suys LIIs
proves LIuL muny ru-
ruI ureus ure ubIe Lo puy
IIgIer ruLes Ior eIecLrIc-
ILy, Iowever LIe Lrude-
os ure IIgI, wILI some
IouseIoIds spendIng up
Lo o percenL oI LIeIr In-
come on power. SpoIum
opLImIsLIcuIIy noLes LIuL,
opporLunILIes exIsL Lo
Iurness donor und prI-
vuLe secLor supporL sImuI-
LuneousIy, und In doIng so
reduce LIe IIgI LurI bur-
den wIIIe sLIII deIIverIng
quuIILy, IIIe-LrunsIormIng
eIecLrIcILy Lo LIe pooresL
segmenLs oI socIeLy.
nvesLIng onIy In LIe ur-
bun ureus InsLeud oI LIe
ruruI ureus, wIere eIecLrI-
hcuLIon ruLes ure dIsmuIIy
Iow, even by Myunmur`s
sLundurds, runs LIe rIsk
oI exucerbuLIng LIe ru-
ruIJurbun deveIopmenL
dIvIde. Some unuIysLs ex-
pressed concern LIuL sucI
dIspurILIes muy IueI con-
IcL beLween LIe IowIund
popuIuLIons - IIkeIy Lo be
LIe hrsL Lo benehL Irom
grId-connecLed eIecLrIcILy
- und eLInIc ureus, wIere
geogrupIy wIII sIow LIe
grId`s expunsIon.
TIe governmenL won`L
be ubIe Lo sLImuIuLe pow-
er secLor unIess IL gIves
cerLuInLy on gus, procure-
menL, und LurIs, uccord-
Ing Lo NuIr. Even wILI
processes In pIuce, Spo-
Ium suys Iurge-scuIe pro-
jecLs ure yeurs o. TIose
projecLs - ones bucked
by ouLsIde hnuncIng wILI
Iurge numepIuLe cupucILy
- couId Luke IuII u decude
Lo compIeLe.
Even wILI Lremendous
supporL Irom ouLsIde
sources, Myunmur Ius u
Lremendous umounL Lo
Iose II IL doesn`L geL LIIs
rIgIL. DosLojIc poInLed
ouL LIuL LIe yeurs oI Iso-
IuLIon meunL LIe counLry
Iucked InIormuLIon ubouL
udvunces In LIe power
secLor, envIronmenLuI
und socIuI suIeguurds
und procuremenL und h-
nuncIuI munugemenL sys-
Lems. TIe comIng Inux
oI InvesLmenLs sIouId
IeIp euse LIuL, buL IL re-
muIns up Lo LIe govern-
menL Lo ensure eIecLrIc-
ILy Is provIded ucross LIe
counLry und noL jusL Lo
LIe urbun cenLers.
This crticle is the jrst oj
a series in Breaking En-
ergy on Myanmars pow-
er sector. It was original-
ly published in Breaking
Energys website and has
been republished with the
publications permission.
For more on the challeng-
es facing the government
and how the country uses
electricit, recd the jrst
part, and for details on
the governments pricing
structure and demand
projections, please read
the second part in our
website.
~. .~e . q:. ~. .~ .:.
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.:.. .~~:q..._....
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. ._e.._.
_.,.:.. .~...:. ._e
..:.~._.~~ _.,.:
. . ~ . , .. .. .:.. . ~
~ .:.._ q .. ._. . . . .:.
._._. _.,.:.~~..
~.q:~.:._. ~,~.
.. .,. .~:~.q.
e:.. .:.._ _., .:. ~
. .:._ q .. ._. . . . .:.
_....~q..:._. ...:
. .:.~ , .q .. ._. . . . .:.
._ .~ ~ . q:~.:.~ ~
.:._e..._~:. .:~_._~
._.~..q~,. .q:.
..:.. _..._~....:.
~._. .~~.:...:. _..
.,._.
Investing only in the urban areas instead of the
rural areas, where electrification rates are
dismally low, even by Myanmars standards,
runs the risk of exacerbating the rural/urban
development divide.
B
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Power pricing in Myanmar
April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
REGIONAL BIZ
13
Myanmar Summary
Myanmar Summary
Japan, Australia Clinch Trade Deal As
US-Tokyo Talks Heat Up
Linda Sieg and
William Mallard
J
upun und AusLruIIu
cIIncIed u busIc
Lrude deuI IusL week
Lo cuL ImporL LurIs, us
US und Jupunese om cIuIs
sLepped up eorLs Lo reucI
u puruIIeI ugreemenL LIuL
wouId re-energIse sLuIIed
LuIks on u brouder regIon-
uI pucL.
TIe ugreemenL be-
Lween Jupun und Aus-
LruIIu comes us LIe UnILed
SLuLes und Jupun pusI Ior
LIeIr own Lwo-wuy Lrude
deuI - u key componenL oI
u brouder US-Ied Truns-
PucIhc PurLnersIIp (TPP)
pucL - beIore u vIsIL LIIs
monLI by PresIdenL Bu-
ruck Obumu.
AusLruIIun PrIme MIn-
IsLer Tony AbboLL und
Jupunese PrIme MInIsLer
SIInzo Abe conhrmed u
busIc ugreemenL on LIe
deuI uL LuIks In Tokyo, und
ugreed Lo work Lowurds
sIgnIng IL us soon us pos-
sIbIe, LIe Lwo sIdes suId In
u sLuLemenL.
TIe Jupun-AusLruIIu
EPA (economIc purL-
nersIIp ugreemenL) Is
un exLremeIy ImporLunL
Irumework LIuL promoLes
bIIuLeruI Lrude und InvesL-
menLs, Abe IuLer LoId u
news conIerence wILI Ab-
boLL.
TIIs busIc ugreemenL
Ius IIsLorIcuI sIgnIhcunce
Ior geLLIng LIe Lwo coun-
LrIes cIoser LogeLIer.
TIe bIIuLeruI deuI, ex-
pecLed Lo be hnuIIsed
wIen Abe LruveIs Lo Aus-
LruIIu In JuIy, IeuLures
cuLs Lo Jupunese LurIs
on AusLruIIun beeI - In-
cIudIng u IuIvIng oI LIe
Ievy on Irozen beeI Lo 1q.
percenL wILI deep cuLs In
LIe hrsL yeur - und un end
Lo un AusLruIIun duLy on
curs.
A deuI wILI AusLruIIu
LIuL IeLs Jupun keep even
reduced LurIs on poIILI-
cuIIy sensILIve ugrIcuILur-
uI producLs sucI us beeI
gIves Jupun ummunILIon
uguInsL US demunds Lo
scrup LurIs In LIe TPP
deuI, wIIcI uIms Lo re-
move ImporL IevIes, ex-
perLs suId.
SucI u deuI meuns Aus-
LruIIu geLs preIerenLIuI
LreuLmenL over LIe US,
und AmerIcu wIII be un-
der pressure Lo sLrIke u
TPP deuI sIorL-Lerm LIuL
puLs IL on u IeveI pIuyIng-
heId wILI AusLruIIu, suId
AureIIu George MuIgun,
u proIessor oI Jupunese
poIILIcs uL LIe UnIversILy
oI New SouLI WuIes.
AusLruIIu Iud u Iower
IurdIe on LurIs Ior Jupu-
nese curs uILer AusLruIIu`s
LIree remuInIng curmuk-
ers - ToyoLu MoLor Corp ,
GeneruI MoLors Corp und
ord MoLor Co - decIded
Lo quIL AusLruIIun domes-
LIc producLIon by zo1;
due Lo IIgI cosLs und u
sLrong AusLruIIun cur-
rency.
US-J apan Game of
chi cken
WusIIngLon und Tokyo
ure eucI urgIng LIe oLIer
Lo be more exIbIe on LIe
sLIckIng poInLs oI uccess
Lo Jupun`s Iurm und cur
murkeLs und US LurIs on
ImporLed curs und Lrucks.
TIe TPP Is u cenLrepIece
oI Obumu`s pusI Lo ex-
pund LIe US presence In
AsIu. TIe LuIks Iuve en-
Lered LIeIr hILI yeur. TIe
Jupunese und US econo-
mIes domInuLe LIe group-
Ing, wIIcI encompusses
one-LIIrd oI gIobuI Im-
porLs und exporLs.
WIuL Is goIng on Is u
gume oI cIIcken, MuI-
gun suId. TIe US und Ju-
pun wunL un ugreemenL
buL LIey ure noL prepured
Lo puy u IIgI prIce. Ju-
pun knows LIuL AmerIcu
wunLs IL on bourd becuuse
TPP wILIouL Jupun Is noL
worLI uII LIuL mucI. Ju-
pun Is pIuyIng IurdbuII.
TIe UnILed SLuLes wunLs
Jupun Lo open ILs rIce,
beeI und pork, duIry und
sugur secLors - ureus Abe
Ius vowed Lo deIend. Ju-
pun wunLs u LImeLubIe
on US promIses Lo drop
LurIs oI z. percenL on
ImporLs oI pussenger curs
und z percenL on IIgIL
Lrucks.
AdvocuLes suy LIe TPP
couId ucceIeruLe gIobuI
economIc growLI, boosL
US exporLs und IeveI LIe
pIuyIng-heId beLween
emergIng und rIcI nuLIons
In. TIe TPP LuIks, IncIud-
Ing Cunudu, MexIco, New
ZeuIund, MuIuysIu und
oLIers, mIssed u deudIIne
Ior un ugreemenL by LIe
end oI IusL yeur.
Abe und AbboLL uIso
sLressed cIose securILy LIes
us Jupun seeks LIgILer re-
IuLIons wILI regIonuI purL-
ners Lo cope wILI u rIsIng
CIInu. TIey ugreed Lo
sLurL LuIks on cooperuLIon
In deIence LecInoIogy und
equIpmenL, IoIIowIng Ju-
pun`s recenL overIuuI oI u
decudes-oId bun on urms
exporLs.
TIe reIuLIonsIIp be-
Lween AusLruIIu und Ju-
pun Is ubouL mucI more
LIun economIcs und Lrude
und growIng weuILIy Lo-
ASEAN Macroeconomic Fundamentals
Stronger: ADB President
Outlines economic outlook and policy challenges at ASEAN Finance
Ministers Meeting in Myanmar
geLIer, AbboLL suId uL
LIe news conIerence. L`s
ubouL respecL, IL`s ubouL
vuIues und LIuL`s wIy LIIs
Is sucI u very sLrong purL-
nersIIp. Reuters
T
Ie AsIun DeveIop-
menL Bunk (ADB)
PresIdenL suId muc-
roeconomIc Iundumen-
LuIs oI LIe ASEAN coun-
LrIes ure mucI sLronger
LIun In 1qq;, wIen LIe
'AsIun InuncIuI CrIsIs`
rocked mosL economIes oI
LIe ASEAN counLrIes.
L Is uIso cIeur LIuL ASE-
AN members ure workIng
Iurd Lo uddress sLrucLuruI
weuknesses especIuIIy In
LIose counLrIes wILI cur-
renL uccounL und hscuI
dehcILs. SLrong commIL-
menL Lo pursuIng LIese
Wai Linn Kyaw poIIcIes IeIps buIId mur-
keL conhdence und LIus
reduces rIsk, TukeIIko
Nukuo suId durIng IIs
speecI uL LIe18LI ASEAN
Inunce MInIsLers` MeeL-
Ing In Nuy PyI Tuw, My-
unmur.
Nukuo presenLed LIe
economIc ouLIook und
poIIcy cIuIIenges Ior ASE-
AN In ILs conLInued pusI
Lowurd LIe ASEAN Eco-
nomIc CommunILy In IIs
speecI Lo LIe mInIsLers.
AILer u sLrong eco-
nomIc perIormunce IusL
yeur, ASEAN`s economIc
growLI Is IorecusL Lo re-
muIn sLeudy uL percenL
Ior zo1q, ucceIeruLIng Lo
.q percenL In zo1, uc-
cordIng Lo ADB`s IuLesL
AsIun DeveIopmenL OuL-
Iook, ILs unnuuI ugsIIp
economIc pubIIcuLIon.
TIe ASEAN Inunce
MInsLers` MeeLIng Is es-
pecIuIIy ImporLunL us
ASEAN Is upproucIIng
LIe zo1 mIIesLone oI un
ASEAN EconomIc Com-
munILy, or AEC. TIe
AEC`s sIngIe murkeL und
producLIon buse requIres
un open Lrude und InvesL-
menL regIme.
ASEAN InIrusLrucLure
connecLIvILy remuIns u
mujor cIuIIenge In creuL-
Ing u sIngIe murkeL und
producLIon buse. Deepen-
Ing und broudenIng hnun-
cIuI murkeLs Is crILIcuI Lo
cuLcI up wILI InLegruLIon
In LIe reuI secLor, LIe Mu-
nIIu-bused Iender suId.
ASEAN needs Lo
sLrengLIen ILs regIonuI
hnuncIuI suIeLy neL, us
ASEAN economIes be-
come more InLegruLed
InLo LIe gIobuI economy
und more suscepLIbIe Lo
gIobuI sIocks. n uddI-
LIon, LIere Is uIso LIe need
Lo LuckIe gIobuI commons
und regIonuI pubIIc goods
more coIIecLIveIy.
Nukuo empIusIsed LIuL
LIe ASEAN EconomIc
CommunILy cun pIuy un
ImporLunL roIe In cemenL-
Ing und deepenIng coop-
eruLIon beLween coun-
LrIes.
.,. ~..q~,~:~,q.
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.q:...:..q._....:. ._. .
_.~ ._ ~. , ~ ., . _..
.~..~._ ~,.e...
, ..:.~ . .~ , . , ~ .. ~
q, _. .. ._ ~.~ ~..:~ _
.._~:. .q._.
.,~,_~... q~~:..
. _...~..~,_~... ~,
~:.: ~ ._ . . . ~ , . e
. ~._.. ..:~ _ .~ .:.~
~~~ ~~__. ._.:_~:..
q:~ ....q.~..,.
. .:.~~ ~ ~_., . ..~ . ~
.q..q,.|q._.
,.~- .~..:q....
~ .,. _...~.....:.
.q.....|...:q~...:
~_.~._ ...~,.e
.q.q .. ._. . . . ~~ ~ ~.q..|
..: ~._..~.~. ...
...~.._~_q....qqq,
.|~ ._ . _...~..~.,_e
.~q ~:. ~ . . . . . , .. :
,.-. ._~.. .:. ~ , ~
.q~_..:...:.._~: ~~
. . . ~ ~:. ~ . . . ~ q.
. .. ,~.,~:.~..~
~. , ~..~...._.._e.
~~. ._.._.:..__e.
._.
~:q e _e ..q.~ ~ _~~:
. e . .:.-macroeconomic
~._.. .:.._ ~ . . . ~
~:. e . ~.:.. _~ .~ q._
~:q . ._~.~~. ~~_ .~:.
~ . . . . .:.:._~: .
.,_._.~:~ ~...._
~ _~.._.:~ ~:.e_:
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._.:_~:..._.
ADB ~ _ Takehiko
Nakao . ~:.e...:..q.~
. ~ ~~, .._ . .:.~. .
. .. ...| .. . ..: . .:.
~:...,~,.._..~:..
..: ._ .,q:_~. ~. .
..: . ._~: . ~:. e . .. :.
.q.~. ~ ~~, .~:. _.~q,
.~|..q:. , ..'. .:.. . .. :.
.q......~.:.~, .-. ,
. , .~ _ . .._ .:_ ~:..
._.
Takehiko Nakao, president of Asian BeveIopment Bank, speaks dur-
ing an interview.
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Australia's Prime Minister Tony Abbott (R) shakes hands with Japan's Prime Minister Shinzo Abe.
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April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
REGIONAL BIZ
14
Myanmar Summary
Severe Drought to Cut Thailands Farm Earnings, May Hurt GDP
Apornrath
Phoonphongphiphat
S
evere drougIL In TIuIIund
Is expecLed Lo reduce pro-
ducLIon oI commodILIes
sucI us rIce und rubber, LIe ug-
rIcuILure mInIsLer suId, cuLLIng
exporL eurnIngs uL u LIme wIen
economIc growLI Is under pres-
sure Irom u poIILIcuI crIsIs.
TIe IIngerIng crIsIs Ius Ied Lo
LIe InsLuIIuLIon oI u cureLuker
governmenL, IurL consumer
conhdence und dumuged Lour-
Ism, IeudIng LIe Bunk oI TIuI-
Iund Lo LrIm ILs IorecusL Ior zo1q
economIc growLI Lo z.; percenL.
We don`L know Ior sure Iow
bIg LIe (producLIon) IuIIs wIII
be, buL we expecL Lo Iuve un oI-
hcIuI IorecusL IuLer In June. L
depends on Iow Iong LIe dry
seuson IusLs, AgrIcuILure MIn-
IsLer YukoI ImIeumLIong LoId
ReuLers.
TIuIIund Is LIe worId`s bIggesL
rubber exporLer, LIe second-
bIggesL sugur exporLer und LIe
LIIrd-bIggesL rIce exporLer. TIe
commodILIes generuLe uround
$11. bIIIIon unnuuIIy, uccord-
Ing Lo Commerce MInIsLry duLu.
YukoI suId LIe governmenL
Ius wurned Iurmers ubouL LIe
ImpucL oI reduced wuLer sup-
pIIes due Lo LIe drougIL.
TIe ugrIcuILure secLor grew by
o. percenL In LIe hrsL quurLer
oI zo1q, down Irom z. percenL
In hnuI quurLer oI IusL yeur.
GrowLI In LIe secLor, wIIcI
uccounLs Ior ubouL 8 percenL oI
TIuIIund`s gross domesLIc prod-
ucL, wus expecLed Lo sIIp IurLIer
In LIe second quurLer due Lo LIe
drougIL, uccordIng Lo Om ce oI
AgrIcuILuruI EconomIcs duLu,
Ie suId.
We ure monILorIng LIe sILu-
uLIon cIoseIy. AL LIIs sLuge we
expecL Lo see u subsLunLIuI IuII
In rIce ouLpuL us we Iuve usked
Iurmers noL Lo grow un o-seu-
son crop due Lo u Iuck oI wuLer
suppIy, YukoI suId.
RIce ouLpuL couId IuII by mII-
IIon Lonnes oI puddy or uround
mIIIIon Lonnes on u mIIIed bu-
sIs II Iurmers sLop growIng o-
seuson rIce crop.
Rubber producLIon wus uIso
expecLed Lo IuII sIurpIy durIng
AprII und Muy us LIe dry seu-
son cuL rubber IuLex und Iorced
Iurmers Lo sLop LuppIng.
TIuL wouId noL cuL un unnuuI
rubber suppIy sIgnIhcunLIy us IL
Iuppens every yeur, buL wouId
cuL eurnIngs on rubber exporL
sIurpIy In LIe second quurLer
und IL wIII uecL GDP, suId
Anun IIu, Ieud oI LIe Om ce oI
AgrIcuILure EconomIcs.
Rubber producLIon normuIIy
IuIves Irom uround zo,ooo
Lonnes u monLI durIng LIe dry
seuson. Truders suId IuIIs In
rubber exporLs wouId be In IIne
wILI IuIIs In producLIon.
or sugur, LIe Om ce oI Cune
und Sugur Bourd (OCSB) Ius
muInLuIned ILs IorecusL Ior
zo1qJ1 cune producLIon oI
more LIun 11o mIIIIon Lonnes.
However, Lruders und Indus-
Lry om cIuIs suId LIey were con-
cerned LIuL severe dry weuLIer
couId cuL sugur conLenL In LIe
cune und reduce sugur suppIy.
Reuters
Manila Water Seeks Regional Expansion to Spread Investment Risks
M
unIIu WuLer Co
(MWC), LIe IurgesL
IIsLed PIIIIppIne wu-
Ler uLIIILy, pIuns Lo expund In
SouLIeusL AsIu Lo dIversIIy und
spreud InvesLmenL rIsks wIIIe IL
deuIs wILI reguIuLory pressure
Lo cuL LurIs In LIe cupILuI.
PoIILIcuI sensILIvILIes uround
wuLer LurIs cun onIy IeIgILen
Wai Linn Kyaw over LIme, PresIdenL Gerurdo
AbIuzu LoId sIureIoIders uL LIe
compuny`s unnuuI meeLIng In
MunIIu. TIe uLIIILy Ius exum-
Ined opporLunILIes eIsewIere
und Is commILLed Lo expund In
emergIng murkeLs, purLIcuIurIy
VIeLnum, ndonesIu und Myun-
mur, Ie suId.
MunIIu WuLer, wIIcI serves
IuII oI LIe meLropoIIs, Is under
pressure Lo pursue regIonuI In-
vesLmenLs Lo ucIIeve reLurns on
u Iurger scuIe us IL deuIs wILI u
reguIuLory pusI Lo cuL LurIs In
LIe cupILuI, wIere LIe murkeL
Ius muLured.
TIe uLIIILy expecLs neL Income
oI q bIIIIon pesos Irom new Io-
cuIes by zo18, or qo percenL
oI LIe group`s eurnIngs by LIuL
LIme, AbIuzu suId. I we were Lo
conLInue Lo grow, we musL Iook
uL oLIer murkeLs und oLIer op-
porLunILIes.
TIe compuny wus ordered by
LIe reguIuLor In SepLember Lo
cuL ILs busIc wuLer cIurge uILer
u pIunned Increuse, prompLIng
IL Lo seek urbILruLIon uL LIe n-
LernuLIonuI CIumber oI Com-
merce. TIe compuny wIII wuIL
Ior u ruIIng, expecLed by JuIy uL
LIe IuLesL, beIore commILLIng Lo
u spendIng und hnuncIng pIun,
CIIeI InuncIuI Om cer uIs
Juun OreLu suId.
Spendi ng plans
TIe uLIIILy proposed spend-
Ing us mucI us 6o bIIIIon pesos
In hve yeurs, OreLu suId, udd-
Ing LIuL unLII LIe urbILruLIon
Is hnuIIsed, IL`s very dIm cuIL Lo
muke uny hnuncIng pIuns.
TIe compuny sIgned un ugree-
menL Lo cuL wuLer Ieuks In Yun-
gon CILy In Myunmur, IL suId on
MurcI 1;. L quuIIhed Lo bId Ior
u buIk-wuLer suppIy projecL In
Bundur umpung, ndonesIu,
uccordIng Lo u sLock excIunge
hIIng In ebruury.
n JuIy, MunIIu WuLer IuIIed
Lo wIn upprovuI Lo buy u 1
percenL sLuke In PT PAM yon-
nuIse Juyu, wIIcI suppIIes wu-
Ler Lo wesLern JukurLu.
NeL Income uL MunIIu WuLer,
wIIcI Is uIso pIunnIng Lo ex-
pund operuLIons In VIeLnum,
rose percenL Lo .; bIIIIon
pesos IusL yeur us cusLomers
bougIL more wuLer. Bloomberg
Myanmar Summary
A cow is seen at the dried-up Sirikit dam in ThaiIand's Uttaradit province, 47U km (292 miIes) north of the capitaI Bangkok.
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~.~ Manila Water Co (WMC)
,.-q.....:.~ ~.,..:._e~
.~:~ ._ ~e ~._ .- e ~:..:.
_~:... ~.q.~:~:q...~.
. ~..q,. q..._....~:. ~..
q,...~q._.
_..~:~.~~~:. .q~,..:.
....,._ Manila Water ._
~.~~_.._e.._...~~~ q...
. . ~. , . .:._e~ .~:~ q, ~~ ~
...~. q..._.....:.. ..:~
.:..:.qqq, ~e~._.- e~:....
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_. .. ._ .~ ~ :~ ~e ~._ .
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e_e..~ ~.~~..:. q..,q
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.q: ... .:.._ . q. . .._ _e. ._~: .
._.:_~:..._.
..e..:..:.~.,_e .,..|.
.~.._...:. q....~.|~ .,
..|.~~,~.,_e ~, .,..
, .,.~ ..:~.:..._~:.
., . , .:.._ .q:: ~ . . . ~.,
_e ._. ._.:~ .. ._ -_. . ...
.:.~ q::..._.._...:. q.,:.
._~~~ .~.~..:~._e
., . , .q._ .._~:. ~ . . . ~~ ~
_~ . ._~:. ~ ~e . ~~,~ ~
_~~,..|. ~~~ .,. ~...
._e .,.,.:...:._. ~,._
. .~,~:~,q..:.. ....|.qq:.
. ._~: ._~:.. _~ ~ . . . .:.
~...._~:. ._.:_~:.:.._.
PeopIe Iine up to coIIect water at Yazarthingyan Iake in BaIa township, near Yangon. FiIipino utiIity company ManiIa Water Co
(MWC) has signed an agreement to cut water Ieaks in Yangon, which usuaIIy suffers from acute water shortage.
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April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
REGIONAL BIZ
15
Myanmar Summary
World Bank Trims China, East Asia 2014 Growth Forecasts
Developing East Asia and Pacifc 2014 growth seen at 7.1pc vs 7.2pc in previous f cast
Masayuki Kitano
T
Ie WorId Bunk LrImmed
ILs zo1q growLI IorecusL
Ior deveIopIng EusL AsIu
buL suId LIe regIon`s economIes
were IIkeIy Lo see sLeudy growLI
In LIe nexL coupIe oI yeurs,
IeIped by u pIck-up In gIobuI
growLI und Lrude.
TIe WusIIngLon-bused de-
veIopmenL bunk expecLs LIe
deveIopIng EusL AsIu und Pu-
cIhc (EAP) regIon Lo grow ;.1
percenL In zo1q und zo1, down
Irom LIe ;.z percenL ruLe IL Iud
prevIousIy IorecusL Ior boLI
yeurs.
GrowLI In zo16 Is uIso seen uL
;.1 percenL, sLuyIng sIIgILIy be-
Iow LIe zo1 growLI ruLe oI ;.z
percenL, uccordIng Lo LIe WorId
Bunk`s IuLesL EusL AsIu und Pu-
cIhc EconomIc UpduLe reporL
Issued.
or EusL AsIu, we beIIeve LIuL
LIe drIvers oI growLI ure goIng
Lo be IncreusIngIy Irom LIe ex-
LernuI IronL, becuuse oI LIe re-
covery In udvunced economIes,
WorId Bunk EusL AsIu und Pu-
cIhc cIIeI economIsL BerL HoI-
mun LoId reporLers.
n ILs reporL, LIe WorId Bunk
suId ImprovIng gIobuI Lrude
wouId oseL IeudwInds Irom
LIe LIgILenIng oI gIobuI hnun-
cIuI murkeLs.
EmergIng murkeLs, IncIudIng
LIose In AsIu, Iud been roIIed
by cupILuI ouLows Irom uround
Muy Lo SepLember IusL yeur us
InvesLors begun posILIonIng Ior
LIe US ederuI Reserve Lo sLurL
LuperIng ILs moneLury sLImuIus.
WIIIe hnuncIuI murkeLs In LIe
EusL AsIu PucIhc regIon Iuve
sIown u muLed reucLIon Lo LIe
ed`s ucLuuI decIsIon In De-
cember Lo begIn scuIIng buck
ILs quunLILuLIve eusIng, LIe pos-
sIbIIILy oI cupILuI ow reversuIs
remuIns u concern Ior deveIop-
Ing counLrIes In LIe regIon, LIe
WorId Bunk suId.
TIe prospecLs Ior u normuII-
suLIon oI US poIIcy ruLes wIII
puL upwurd pressure on InLer-
esL ruLes und couId LrIgger more
sIzeubIe cupILuI ouLows Irom
weuker economIes, us weII us
muke debL munugemenL more
dImcuIL In counLrIes wIere Iev-
eruge Ius rIsen, LIe bunk suId.
VIgIIunce on cupILuI ows
remuIns wurrunLed, HoImun
suId, uILIougI Ie udded LIuL
mosL oI LIe cupILuI ows In EusL
AsIu were now Irom IoreIgn
dIrecL InvesLmenL ruLIer LIun
porLIoIIo ows, mukIng LIem
Iess voIuLIIe LIun In LIe pusL.
Chi na gr owth
TIe WorId Bunk LrImmed
ILs zo1q growLI IorecusL Ior
CIInu Lo ;.6 percenL, Irom ;.;
percenL prevIousIy. L kepL LIe
zo1 growLI IorecusL Ior CIInu
sLeudy uL ;. percenL, down
sIIgILIy Irom ;.; percenL ucLuuI
growLI In zo1.
TIe new zo1q ouLIook re-
ecLed LIe bumpy sLurL Lo LIe
yeur, IL suId, noLIng LIuL CII-
nu`s IndusLrIuI producLIon und
exporLs Iud been weuk In LIe
Junuury-ebruury perIod.
WIIIe LIe growLI ruLe oI In-
dusLrIuI producLIon Ius sIowed,
und exporLs conLrucLed In LIe
hrsL Lwo monLIs oI zo1q, LIe
Lrend Is neverLIeIess sLrengLI-
enIng, und we expecL quurLerIy
growLI Lo rIse uL mIdyeur us ex-
LernuI demund Irom LIe IIgI-
Income counLrIes soIIdIhes, LIe
WorId Bunk suId. Reuters
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~:q e _e ..q._~ ~ ., . , ..~ ~:.
~ _., . ~ _. . ...~ .. .. :..q.
._ .,:~ . . ~,_ .e ~ ~_ _ .
.,.__e.._~:. ._.:_~:..~._.
~.q ~:q . .. e ~ .... q:
. .. :..q.~:.~~, . . . ~~ ~ ...
q:. . , .~ .~~ .:q, ., . , .. ..:
._. ~. : ~ . .:._ ~~' . . .
~~ ~ ~ . ... ~ q:. . , .~ .~~
.:q, .,.,.:.._~:. ~.:~
- .,:~ . . ~ ~.q ~:q . .. e ~
.... q: . .. :..q.~. q . .:~q
.q._.
~.: ~ . ~~, . . . ~~~ ~,~
. ~:. ... q:. . , .. ...
' q:..,.~ _.~~q, .,.,.
:.._.~~, ...~ ...
q:..,. _.~~.._ ~,~.
~~~ ~~ ...~ ...
q:. . , .~ ~_ q .,._ e ._ .
.,.,.:.._.
~.q .~: ~:q . .:.- . .. :..q.
~~ ~ . ~. : ~ . .. . _., .:
.~:. _~..:...: ~._.:.~.
.:. _e...'q, .,.,.:.._.
April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
INTERNATIONAL BIZ
16
Myanmar Summary
HP From Singapore

Owned 8 Produced by:
Sponsorship & Exhibition
marketing2@magenta-global.com.sg
Get first hand insights into the constraints, challenges & opportunities
especially for the newly emerging market of Myanmar
Enquiries & Registration
r.raj@magenta-global.com.sg
Hotline
+65 6391 2530
http:JJwww.magenta-global.com.sgJpoliticaltradeprojectrisksmyanmar2014J
Hong Kong Buyers Send London Real Estate Soaring
Anjali Tsui

oreIgn buyers ure snup-


pIng up cenLruI ondon
Iomes, dIsLorLIng prIces
und IorcIng poIIcymukers Lo
Ievy new Luxes In un uLLempL Lo
conLroI LIe murkeL.
ondon reuI esLuLe Is umong
LIe mosL desIrubIe In LIe worId,
uLLrucLIng weuILIy InvesLors
IookIng Ior IIgI reLurns - oILen
uL LIe expense oI cILy nuLIves
wIo ure beIng prIced ouL oI
muny neIgIbourIoods.
oreIgn money so domInuLes
LIuL neurIy ;o percenL oI newIy
buIIL properLIes In prIme ureus
oI cenLruI ondon were bougIL
by IoreIgn nuLIonuIs beLween
zo11 und zo1, uccordIng Lo re-
uILor KnIgIL runk.
And nowIere Is LIe IrunLIc
ruce Ior ondon reuI esLuLe
more evIdenL LIun In Hong
Kong, wIere newspupers regu-
IurIy IeuLure IuII-puge udver-
LIsemenLs Ior new buIIdIngs und
deveIopers IosL suIes evenLs In
swunky IoLeIs.
Hong Kong`s murquee Mun-
durIn OrIenLuI IoLeI Is Lruns-
Iormed InLo u sIowroom Ior
ondon properLIes on mosL
weekends, wILI reuILors In-
cIudIng KnIgIL runk und CoI-
IIers seekIng Lo uLLrucL buyers
-- muny oI wIom ure wIIIIng Lo
sIeII ouL Ior un upurLmenL sIgIL
unseen.
CompeLILIon Ior LIese buyers
Is InLense, so mucI so LIuL seII-
ers even do buLLIe over securIng
LIe besL IuncLIon rooms uL LIe
MundurIn.
TIe buyers we ure deuIIng
wILI ure very experIenced In-
vesLors, suId NeII BuLLy, KnIgIL
runk`s Ieud oI InLernuLIonuI
projecL murkeLIng. TIere ure
uIso peopIe wIo come every
week Lo Iook uL LIe projecLs LIuL
ure on oer, so LIey undersLund
wIuL`s good vuIue.
BuLLy suId LIuL 1o Lo 1qo po-
LenLIuI InvesLors come LIrougI
LIe doors on u LypIcuI weekend
uL LIe MundurIn. TIe wouId-be
buyers ure meL wILI oor pIuns,
vIew books wILI gIossy Imuges
oI BuckIngIum PuIuce, us weII
us u sIzubIe suppIy oI dIm sum,
croIssunLs und coee.
BuyIng uL LIe MundurIn Is u
IuII-servIce experIence. As u
deuI Is sIgned, InvesLors cun
meeL wILI Iuwyers or dIscuss
IurnILure opLIons wILI InLerIor
desIgners.
Some InvesLors Iope Lo renL
ouL LIe properLy Lo LenunLs.
OLIers buy Ior LIeIr cIIIdren
sLudyIng uL bourdIng scIooIs
und unIversILIes ucross LIe UK.
MosL sIgn up Ior deveIopmenLs
LIuL won`L be compIeLed Ior
yeurs.
AsIun buyers ure very suvvy
und ure used Lo reudIng pIuns.
TIey ure ubIe Lo vIsuuIIse wIuL
LIey ure geLLIng In LIe end, ex-
pIuIned CIerrIn oo, LIe Heud
oI nLernuLIonuI ResIdenLIuI
ProperLIes uL SuvIIIs CIInu.
Jenny eung, u Hong Kong
Iomeowner wIo uIso Ius prop-
erLy In AusLruIIu, suId sIe wus
IookIng Lo dIversIIy Ier InvesL-
menL porLIoIIo In zo11 wIen sIe
bougIL un upurLmenL In on-
don`s Cunury WIurI LIrougI u
properLy exIIbIL.
You do wunL some kInd oI
dIversIhcuLIon, sIe suId. You
don`L jusL wunL Lo InvesL In your
Iome counLry or Iome Lown.
OLIers vuIue ondon reuI es-
LuLe Ior ILs ruw eurnIng power,
und see properLy us u sLubIe uI-
LernuLIve Lo sLocks.
I you Iook uL LIe perIor-
munce oI LIe sLockmurkeL over
LIe IusL 1o yeurs compured Lo
cenLruI ondon, LIInk LIuL
mosL peopIe wouId come ouL
worse II LIey were In LIe sLock
murkeL, suId AsIIey Osborne,
execuLIve dIrecLor oI InLernu-
LIonuI properLIes uL CoIIIers n-
LernuLIonuI.
TIere`s jusL u IeeIIng LIuL
peopIe wouId ruLIer Iuve u
sLuke In someLIIng LIuL LIey
own ouLrIgIL.
or deveIopers, seIIIng In
Hong Kong Is u muLLer oI goIng
wIere LIe money Is. EuroLerru
co-Iounder PunLuzIs TIerIunos
suId Ie cIose Lo Iocus on AsIu
uILer observIng LIe success LIuL
oLIer deveIopers were IuvIng In
LIe regIon.
BuL some deveIopers Ieur LIe
uppeLILe Ior ondon properLIes
muy sIow us LIe governmenL
prepures Lo Lux IuLure InvesL-
menL guIns mude by non-resI-
denLs. CNNMoney
.,.,_.q ~.q:~.:..._ .
_.:.q..._.....:._e _._.~.~
q._.~..|,_.:.q..._.....:.
~,~. ~.._ _.,._:.q..q,
~ee_~_.. ~..: .:.....:.-
._:.q.~~~ ~ee_~..:.._.
q ._ .-_. . q~ ~ .~ ~~ .
.~.q:~._ ~.,...._ .
_.:..:..:. .~e . .~: e, ~:.:.
._.
Pedestrian walk past houses in London.
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April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
INTERNATIONAL BIZ
17
Myanmar Summary
Myanmar Summary
Anjali Tsui
G
IIeud ScIences uIms Lo II-
cense ILs new IepuLILIs C
drug SovuIdI Lo LIree or
Iour ndIun generIc munuIuc-
Lurers Lo uIIow suIes oI LIe med-
IcIne uL Iower prIces In some 6o
deveIopIng nuLIons.
CIIord SumueI, Ieud oI uc-
cess operuLIons und emergIng
murkeLs uL LIe US drugmuker,
LoId ReuLers Ie expecLed Lo
Iuve deuIs In pIuce sIorLIy wILI
LIe ndIun hrms, wIIcI wouId
be ubIe Lo produce LIe drug In
IIgI voIumes und uL Iow mur-
gIns.
GIIeud Is under pressure Lo
uddress LIe IIgI cosL oI ILs
breukLIrougI pIII, wIIcI Is LIe
hrsL oI u new wuve oI drugs LIuL
Iuve been sIown Lo ruIse cure
ruLes und cuL LreuLmenL duru-
LIon wILIouL LIe sIde eecLs oI
currenL InjecLIons.
We`re In LIe mIdsL oI dIscus-
sIons rIgIL now. We`re nuIIIng
down LIe geogrupIIcuI scope,
und we sIouId Iuve LIese II-
cences In pIuce und reudy Lo go
In sIorL order, SumueI suId.
Gilead Aims to License Hepatitis C Drug to Indian Firms
Licensed generic availability for some 60 developing countries, including Myanmar
He suId GIIeud wus IookIng Lo
sLrIke deuIs wILI hrms LIuL Iud
proven experIence In produc-
Ing generIc versIons oI ILs HVJ
ADS drugs, sucI us LIe ndIun
dIvIsIon oI MyIun.
TIe osLer CILy, CuIIIornIu-
bused compuny Ius been oper-
uLIng u sImIIur voIunLury IIcens-
Ing progrumme Ior muny yeurs
Ior Iow-cosL HV drugs, wIIcI
covers 11z counLrIes.
Under LIe IepuLILIs C pIun,
ndIun-mude generIcs wouId
be uvuIIubIe In mosL oI sub-
SuIurun AIrIcu, seIecLed AsIun
counLrIes IncIudIng ndIu, Pu-
kIsLun und Myunmur, und some
smuIIer deveIopIng nuLIons.
GIIeud Is uIso workIng Lo es-
LubIIsI LIered prIcIng Ior
SovuIdI In oLIer Iow- und mId-
dIe-Income counLrIes, SumueI
suId.
TIe compuny sLruck LIe hrsL
sucI LIered prIcIng deuI IusL
monLI In EgypL, wIere IL Ius
ugreed Lo suppIy LIe govern-
menL uL jusL over 1 percenL oI
LIe US prIce, or $oo Ior u z8-
duy boLLIe uguInsL $z8,ooo.
or ndIu, LIe compuny Is
currenLIy dIscussIng u prIce oI
$z,ooo bused on zq weeks oI
LreuLmenL, uILIougI no hnuI
deuI Ius been reucIed, SumueI
udded.
EgypL Ius LIe worId`s IIgIesL
prevuIence oI LIe IIver-desLroy-
Ing IepuLILIs C vIrus, wIIcI Is
spreud LIrougI bIood, mukIng
IL un obvIous hrsL murkeL Ior
more uordubIe, LIered prIcIng.
We`re LurgeLIng key, IIgI-
prevuIence counLrIes IIke n-
dIu, PukIsLun und EgypL. We
ure sILLIng down wILI LIem und
IookIng uL dIerenLIuI prIcIng,
SumueI suId.
GIIeud`s LIered prIcIng wIII noL
uppIy, Iowever, Lo some Iurge
mIddIe-Income counLrIes wILI
sIgnIhcunL IepuLILIs C popuIu-
LIons sucI us UkruIne und CII-
nu, wIIcI ure vIewed us com-
mercIuI murkeL opporLunILIes.
n LIe UnILed SLuLes, SovuIdI`s
prIce Lug oI $8q,ooo Ior u 1z-
week course oI LreuLmenL Ius
been descrIbed by one IeuILI
provIder us ouLrugeous, wIIIe
US Iuwmukers Iuve wrILLen Lo
LIe hrm demundIng un expIu-
nuLIon oI LIe prIce. Reuters
EU Court Rejects Requirement to Keep Data of Telecom Users
Tom Koerkemeier &
Annika Breidthardt
T
Ie Europeun UnIon`s
IIgIesL courL IusL week
overLIrew u ruIe LIuL re-
quIred LeIecoms compunIes Lo
sLore LIe communIcuLIons duLu
oI EU cILIzens Ior up Lo Lwo
yeurs, on LIe grounds LIuL IL In-
IrInged on busIc rIgILs.
BrusseIs InLroduced LIe duLu-
reLenLIon dIrecLIve In MurcI
zoo6 uILer bombIngs on pubIIc
LrunsporL In MudrId und on-
don. TIe uIm wus Lo gIve LIe
uuLIorILIes beLLer LooIs Lo Inves-
LIguLe und prosecuLe orgunIsed
crIme und LerrorIsm.
BuL noL uII counLrIes - IncIud-
Ing Germuny, wIere prIvucy
Is un especIuIIy sensILIve Issue
- Iuve ImpIemenLed LIe dIrec-
LIve. TIey couId Iuve Iuced pen-
uILIes II LIe courL Iud upIeId
LIe ruIe requIrIng compunIes Lo
sLore duLu Irom sIx monLIs Lo
Lwo yeurs.
TIe courL ruIed LIuL LIe dI-
recLIve exceeded LIe IImILs oI
proporLIonuIILy.
TIe CourL Lukes LIe vIew LIuL,
by requIrIng LIe reLenLIon oI
LIose duLu und by uIIowIng LIe
compeLenL nuLIonuI uuLIorILIes
Lo uccess LIose duLu, LIe dIrec-
LIve InLerIeres In u purLIcuIurIy
serIous munner wILI LIe Iundu-
menLuI rIgILs Lo respecL Ior prI-
vuLe IIIe und Lo LIe proLecLIon oI
personuI duLu, IL suId.
urLIermore, LIe IucL LIuL
duLu ure reLuIned und subse-
quenLIy used wILIouL LIe sub-
scrIber or regIsLered user beIng
InIormed Is IIkeIy Lo generuLe In
LIe persons concerned u IeeI-
Ing LIuL LIeIr prIvuLe IIves ure
LIe subjecL oI consLunL surveII-
Iunce, LIe courL udded In u
sLuLemenL.
TIe ruIe Iud requIred LeIe-
coms servIce provIders Lo keep
Lrum c und IocuLIon duLu us weII
us oLIer InIormuLIon needed Lo
IdenLIIy LIe user, buL noL LIe
conLenL oI LIe communIcuLIon.
n Germuny, LIe dIrecLIve
cuused u pubIIc debuLe. Ger-
muny`s ConsLILuLIonuI CourL
bIocked u Iuw In zo1o Lo sLore
uII duLu Ior sIx monLIs. TIe gov-
ernmenL Ius suId IL wouId pre-
senL u new Iuw.
TIe LopIc Is sensILIve In Ger-
muny becuuse oI LIe surveII-
Iunce by LIe GesLupo In LIe NuzI
eru und by communIsL EusL
Germuny`s SLusI secreL poIIce.
Germuns were ouLruged by re-
porLs IusL yeur oI Iurge-scuIe
spyIng on Germun und Euro-
peun cILIzens, InsLILuLIons und
poIILIcIuns by US InLeIIIgence
ugencIes. Reuters
An illustration picture shows a network cable next to a pack of smartphones in
Berlin.
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April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
INVESTMENT & FINANCE
18
David Mayes
Iuve reud muny urLIcIes und
sLudIes In my IIIe ubouL LIe ud-
vunLuge you guIn Irom sLurL-
Ing Lo suve Lowurds reLIremenL
eurIIer In IIIe. TIere ure uIwuys
vurIous ussumpLIons mude
wIIcI muke u Iuge dIerence
Lo LIe sLuLIsLIcs LIuL end up be-
Ing quoLed. SInce Iuve never
cruncIed LIe numbers myseII
LIougIL IL couId be u nIce exer-
cIse Lo Iook uL u scenurIo unuIy-
sIs wILI severuI ruLes oI reLurn
und number oI suvIngs yeurs
und see Iow sensILIve LIIs equu-
LIon Is Lo LIe Lwo key vurIubIes.
sLurL my unuIysIs wILI LIe us-
sumpLIon LIuL we uII wunL Lo re-
LIre us mIIIIonuIres. TIere Is no
reuI reuson um pIckIng $1 mII-
IIon oLIer LIun LIuL IL sLIII seems
IIke u IoL oI money. We Iuve Lo
pIck some number II we ure go-
Ing Lo soIve Ior un umounL you
need Lo suve eucI monLI undJ
or u reLurn you need Lo muke Lo
geL you LIere. L seems reusonu-
bIe LIuL once InLeresL ruLes Iuve
Why You Should Start Saving Sooner
rIsen buck Lo normuI IeveIs Lo
wIere you cun geL u decenL q-
percenL suIe neL reLurn, u reLIre-
menL poL oI u cooI mIIIIon wIII
yIeId u decenL enougI Income Lo
IIve comIorLubIy.
AssumIng u reLIremenL uge oI
6o, uguIn u number pIucked
sLruIgIL ouL oI LIIn uIr, hrsL
soIved Ior unnuuI conLrIbuLIon
requIred gIven u hxed reLurn
und dIerIng numbers oI yeurs.
Second, ussumed $1,ooo per
monLI wILI vurIous ruLes oI
reLurn und soIved Ior wIuL uge
you wouId need Lo sLurL suvIng
uL Lo geL your mIIIIon bucks uL
uge 6o. TIe resuILs ure preLLy
InLeresLIng und ure summed In
LIe LubIes beIow.
TIe mosL InLeresLIng LIIng
Lo noLIce Is LIuL LIe greuLer
sensILIvILy wILIIn LIe reuIm oI
reusonubIe reLurns Lo ucIIeve
on your InvesLmenLs Is Lo LIe
suvIngs LIme Irume. I you sLurL
suvIng uL uge q, suvIng $,ooo
per monLI wIII jusL ubouL geL
you Lo $1 mIIIIon gIven u com-
pounded uveruge reLurn oI 8
percenL. However, udd one dec-
ude oI suvIng und you cun geL Lo
LIe sume pIuce wILI jusL over u
$1,1oo per monLI. NoLIce LIuL
II you sLurL suvIng u LIousund
Table a: Annual contribution required to reach $1 million in retirementsavings by age 60
given various rates of return and ages at which contributions begin
Table b: Age at which beginning $12,000 in annual contributions ($1,000/month) will yield
a $1 million retirement pot at age 60 given various rates of return
bucks u monLI even wILI u com-
pound unnuuI reLurn oI 1z per-
cenL you wouId sLIII need over
LwenLy yeurs Lo geL Lo your gouI.
I you sLurL suvIng uL uge z, you
couId suve us IILLIe us $oo per
monLI II you couId uveruge 8
percenL over LIe enLIre LIme Io-
rIzon. WIIIe gIven sucI u Iong
LIme Irume LIuL sIouId noL be
Loo dImcuIL, even u more con-
servuLIve reLurn sucI us q per-
cenL needs jusL over u LIousund
doIIurs u monLI Lo gIve you u
mIIIIon doIIur poL uL uge 6o.
TIe muIn LIIng Lo geL Irom
LIIs exercIse Is LIuL you cun
geL uwuy wILI LukIng very IIL-
LIe rIsk und sLIII end up wILI u
nIce reLIremenL poL II you sLurL
eurIy enougI. Even II you Iuve
sLurLed u bIL IuLe, do noL go InLo
rIskIer InvesLmenLs LIun you
ure comIorLubIe wILI Lo Lry und
muke up Ior IosL LIme. Even II
you ucIIeve u sIIgILIy IIgIer re-
Lurn, LIe sIorLer LIme Irume wIII
noL uIIow IL Lo Iuve LIuL mucI
uecL. YeL you ure more IIkeIy
Lo suer u Ioss you cun`L reuIIy
uord II you go uILer ubove uv-
eruge reLurns. TIe IronIc LIIng
ubouL LIe Ionger LIme Irumes Is
LIuL IL Is mucI eusIer Lo suIeIy
ucIIeve u IIgIer ruLe oI re-
Lurn, yeL IL Isn`L us ImporLunL In
ucIIevIng your suvIng gouI.
David Mayes MBA provides
wealth management services to
expatriates throughout South
East Asia, focusing on UK
Pension Transfers. He can be
reached at david.m@faramond.
com. Faramond UK is regulated
by the FCA and provides advice
on pensions and taxation.
Sri Lankan Bank to Start
Myanmar Operations by Q3
Wai Linn Kyaw
C
ommercIuI Bunk PIc
(Combunk) wIII muke ILs
Ioruy Lo Lup InLo Myun-
mur`s emergIng hnuncIuI secLor,
un omcIuI Irom SrI unku`s Iurg-
esL prIvuLe bunk suId.
TIe bunk`s cIuIrmun DInesI
Weerukkody suId Combunk
wIII open u represenLuLIve omce
beIore LIe LIIrd quurLer oI LIIs
yeur, SrI unku medIu reporLed.
Myunmur onIy uIIows IoreIgn
bunks Lo seL up represenLuLIve
omces, wIIcI cun onIy udvIce
ILs cIIenLs wIo ure InLeresLed
or uIreudy Iuve operuLIons In
Myunmur. SenIor cenLruI bunk
omcIuIs suId LIuL IoreIgn bunk
operuLIons, be IL u IuIIy-owned
subsIdIury or u joInL venLure
wILI IocuI bunks, mIgIL sLurL us
eurIy us zo1.
EurIIer, Combunk pIunned
Lo enLer InLo Myunmur beIore
zo1, buL IL`s sLIII IookIng Ior
poLenLIuI sILes Lo esLubIIsI LIe
omce. TIe cIuIrmun suId LIe
bunk Ius cIeured uII LIe regu-
IuLory und compIIunce requIre-
menLs und LIe IeusIbIIILy oI LIe
venLure Iooks exLremeIy good.
Myunmur`s CenLruI Bunk In
zo1z deveIoped u LenLuLIve
sLruLegy Lo open up LIe domes-
LIc bunkIng secLor LIuL comprIs-
es LIree pIuses: prIvuLe bunks
runnIng joInL venLures wILI
IoreIgn bunks, JV bunks es-
LubIIsIIng IocuIIy IncorporuLed
1oo percenL-owned subsIdIur-
Ies, und IoreIgn bunks openIng
bruncIes In Myunmur.
CurrenLIy LIere ure repre-
senLuLIve bruncIes oI q Ior-
eIgn bunks In Myunmur, wIIIe
LIe secLor Is domInuLed by Iour
sLuLe bunks uccounLIng Ior Lwo-
LIIrds oI LIe LoLuI bunkIng sec-
Lor`s usseL buse, buL ure suId Lo
be sLruggIIng keep puce wILI
LIe modernIsuLIon und growLI
oI LIe prIvuLe secLor peers.
Combunk`s Myumur enLry Is
comIng up uILer eIeven yeurs oI
ILs hrsL overseus venLure, wIIcI
sLurLed In zoo In Myunmur`s
neIgIbour BungIudesI. WILI 18
deIIvery poInLs In zo1, 1 per-
cenL oI LIe bunk`s neL prohL oI
$8o.; mIIIIon wus conLrIbuLed
by ILs BungIudesII operuLIons.
Weerukkody suId Myunmur
wouId udd vuIue Lo LIe bunk`s
porLIoIIo und compIemenL ILs
exIsLIng cusLomers LIuL do busI-
ness In Myunmur. An Increus-
Ing number oI vIsILors Irom ILs
borderIng counLry BungIudesI
Loo vIsIL Myunmur Ior busIness
und oLIer purposes.
Myanmar Summary
Myanmar Summary
. q .~ :. -~_~ .. .. . ~
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A branch of Commercial Bank Plc in Sri Lanka.
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April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
INVESTMENT & FINANCE
19
Myanmar Summary
Myanmar: Transitioning to A New Era
A brief backgrounder of the emerging Myanmar economy and its potential as well as some key challenges
A
ILer more LIun Iour dec-
udes oI IsoIuLIon, My-
unmur Ius embruced u
reIormIsL sLunce wILI u serIes oI
pro-deveIopmenL poIIcy meus-
ures Lo cuLcI up wILI ILs ASEAN
peers und Lo InLegruLe ILseII InLo
LIe regIonuI und gIobuI commu-
nILy.
On LIe mucro IronL, Myun-
mur`s economIc growLI ruLes
ure IIkeIy Lo remuIn posILIve
wILI LIe counLry sLurLIng Irom
u Iow buse und IoreIgn InvesL-
menLs owIng In, LIougI con-
cerns wouId be LIe buIId-up In
InuLIonury pressures und ex-
LernuI ImbuIunces.
Myunmur`s geogrupIIc Iocu-
LIon, popuIuLIon buse, ubundunL
nuLuruI resources, und decudes
oI underInvesLmenL ure uLLruc-
LIve IucLors Lo InvesLors. TIe
cIuIIenge LIougI Is Ior LIe gov-
ernmenL Lo muInLuIn ILs reIorm
momenLum und keep InIru-
sLrucLure boLLIeneck und Inu-
LIonury pressures In cIeck.
Emer gi ng fr om i solati on
Myunmur emerged Irom more
LIun Iour decudes oI IsoIuLIon
und mIIILury ruIe, by IoIdIng
ILs hrsL generuI eIecLIon In zo
yeurs In zo1o. TIIs wus u Lurn-
Ing poInL Ior LIe counLry, us LIe
mIIILury mude ILs LrunsILIon Lo u
cIvIIIun democrucy LIuL puved
LIe wuy Ior LIe openIng und re-
Iorm oI LIe economy.
SInce LIen, poIILIcuI deveIop-
menL und economIc poIIcy re-
Iorms Iuve proceeded In u IusL
Suan Teck Kin
puce, us seen In pro-deveIop-
menL Iuws enucLed In vurIous
secLors, LIe muIn one beIng LIe
oreIgn nvesLmenL uw pussed
In November zo1z. And Ior-
eIgn InvesLors und compunIes
Iuve Luken noLIce und sIown
eugerness In wIuL Is Lermed us
LIe IusL remuInIng IronLIer
economy In AsIu. TIIs Ius re-
suILed In IoreIgn dIrecL InvesL-
menLs surgIng Lo $.6 bIIIIon In
Yzo1J1q, neurIy LIree LImes
Irom $1.q bIIIIon In Yzo1zJ1,
und Is on Lruck Lo IIL $q bIIIIon
In Yzo1qJ1, uccordIng Lo me-
dIu reporLs In MurcI zo1q cILIng
DIrecLoruLe oI nvesLmenL und
Compuny AdmInIsLruLIon.
oIIowIng LIe IosLIng oI LIe
ASEAN Gumes In zo1, Myun-
mur`s IoIdIng oI ASEAN cIuIr-
munsIIp In zo1q wIII sIowcuse
IurLIer LIe counLry`s progress
oI InLegruLIng ILseII InLo LIe
regIonuI communILy. So Iur In
zo1q, Myunmur Ius uncIored
LIe ASEAN IoreIgn mInIsLers
reLreuL In Junuury, LIe ASEAN
Inunce MInIsLers MeeLIng re-
cenLIy (1- Apr zo1q), umong
oLIers. TIe nexL mujor evenL In
Lerms oI InLegruLIon wIII be LIe
esLubIIsImenL oI LIe ASEAN
EconomIc CommunILy uL end-
zo1.
Maki ng gr eat str i de i n
economi c openness and
r efor m
SInce ILs hrsL generuI eIecLIon
In November zo1o, LIe My-
unmur governmenL Ius been
mukIng sIgnIhcunL cIunges In
ILs busIness und InvesLmenL
Iuws us weII us economIc poIIcy,
Lo muke up Ior decudes oI IosL
LIme und Lo InLegruLe ILseII InLo
LIe gIobuI economy. TIe gov-
ernmenL Ieuders Iud reuIIzed
LIuL conLInued IsoIuLIon wouId
no Ionger be u vIubIe opLIon Ior
Myunmur, especIuIIy us ASEAN
neIgIbours uround IL Iuve been
mukIng sIgnIhcunL economIc
progress und ure workIng Lo-
wurd becomIng purL oI LIe InLe-
gruLed ASEAN EconomIc Com-
munILy by end-zo1.
TIIs Is reecLed In LIe com-
purIson oI per GDP hgures
uround LIe regIon, wIIcI sIows
u vusL ImprovemenL over LIe
pusL decude, wIIIe Myunmur
Iugged beIInd despILe sLurLIng
Irom u reIuLIveIy Iow buse. or
InsLunce, neIgIbourIng ASEAN
members Iuve seen LIeIr per
cupILu Income InLo LIe $1,ooo+
IeveI In zo1, Irom LIe $oo-
oo runge u decude ugo. How-
ever, Myunmur remuIned beIow
LIe $1ooo IeveI despILe sLurL-
Ing Irom u Iower buse oI jusL
sIIgILIy more LIun $zoo. OLIer
counLrIes Iuve mude even more
ImpressIve ImprovemenLs dur-
Ing LIe decude, especIuIIy In
CIInu`s cuse wIIcI sLurLed o
uround ndonesIu und PIIIIp-
pInes IeveI oI Income, buL Ius
now Iur exceeded LIe Lwo In
Lerms oI Income.
However, growLI prospecLs
ure posILIve Ior Myunmur, wILI
M projecLIng In ILs IuLesL sLu
ussessmenL reporL (MurcI zo1q)
LIuL LIe counLry couId boIsLer
conhdence IurLIer wILI suc-
cessIuI poIILIcuI reIorms uIeud
oI LIe zo1 eIecLIons. TIe M
Contd. P 20...(Transitioning) Contd. P 20...(Transitioning)
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.~q._.
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~., . .e..|.:.._ .:~.e
~:~.:.. .e . . . ..| ..:.. : q .. .
_.....:.. ~.~:.,_.. .._
~._.~.,.:.~ _._.q..._....
~~:. ...:.~q._.
. ..: _._. ._.: .. . ~q , ~ , .
:.q,. ~._..~..:~~~.
q:~.~~..:.. .._~..e:...
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....|. ~ ~~. _.,.:.
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...._~:~.~,q.~_... ..
~. .q- ~ . .. . .~:~ . _., ._ , , .
~ . ..:. ._ ., .._ .. ~. .q
April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
INVESTMENT & FINANCE
20
From page j...(Transitioning)
From page j...(Transitioning)
revIsed up Myunmur`s zo1zJ1
growLI Lo ;. percenL, wILI u
projecLed economIc growLI ruLe
oI ;.; percenL by zo1qJ1 us
consLrucLIon ucceIeruLes und
servIces growLI remuIns sLrong.
MeunwIIIe, M expecLs do-
mesLIc InuLIon ruLe Lo reucI ;
percenL uL end-zo1qJ1 (Irom
6.; percenL uL end-zo1J1q)
on IIgIer eIecLrIcILy prIces und
demund pressures. CurrenL uc-
counL dehcIL Is projecLed Lo de-
LerIoruLe Lo .1 percenL oI GDP
In zo1qJ1 (Irom -q.8 percenL
In zo1J1q) on LIe buck oI rIs-
Ing ImporLs, wIIcI ure expecLed
Lo be more LIun oseL by rIsIng
D-reIuLed Inows.
OveruII, LIe IuLesL ussessmenL
by M sLu Is posILIve, buL
IIgIIIgILs LIe vuInerubIIILy oI
LIe counLry`s exLernuI buIunces
und InuLIonury pressures, u
condILIon LIuL Is common es-
pecIuIIy Ior un eurIy emergIng
economy IIke Myunmur wIere
InIrusLrucLure Is pIuyIng cuLcI
up uILer decudes oI IuggIng ILs
peers, un ureu wIere LIe govern-
menL needs Lo munuge weII. TIe
IucL LIuL CenLruI Bunk oI Myun-
mur Ius been gIven more uu-
Lonomy und LIuL LIe excIunge
ruLe Is on u munuged ouL busIs
sIow LIuL LIe counLry Is movIng
In u rIgIL dIrecLIon.
Oppor tuni ti es and
challenges
CerLuInIy, LIere Is mucI cuLcI
up Ior Myunmur Lo do. nIru-
sLrucLure Is severeIy IuckIng
us jusL sIIgILIy more LIun z
percenL oI ILs popuIuLIon Is ur-
bunIzed (compured Lo suy o.;
percenL Ior ndonesIu und on
pur wILI VIeLnum`s 1 percenL
und beLLer LIun CumbodIu`s
zo percenL), und Iess LIun IuII
oI ILs popuIuLIon Ius uccess Lo
eIecLrIcILy (compured Lo neurIy
1oo percenL Ior VIeLnum und ;
percenL In ndonesIu), uccord-
Ing Lo LIe WorId Bunk. OLIer
key spendIng meLrIcs uIso sIow
LIuL Myunmur Is LruIIIng LIe
puck on u gIobuI busIs, sucI us
IeuILI cure spendIng und edu-
cuLIon spendIng.
NeverLIeIess, Myunmur pos-
sesses sIgnIhcunL udvunLuges
und opporLunILIes LIuL pIuce IL-
seII In u IuvourubIe posILIon:
- Ls geogrupIIc IocuLIon
us LIe crossrouds beLween
CIInu und ndIu, IInkIng
nuLuruI resources, LrunsporL
neLwork, und murkeLs;
- Access Lo LIe ndIun
Oceun;
- urge popuIuLIon buse
oI 6o mIIIIon, und wILIIn LIe
Iurger ASEAN popuIuLIon oI
6oo mIIIIon
- Myunmur ILseII pos-
sesses ubundunL resources,
wILI LIe worId`s ;8
LI
IurgesL
oII reserves und q1
sL
IurgesL
gus reserves, Ior exumpIe.
- SLurLIng o Irom u Iow
buse meuns demund Ior
even LIe mosL busIc InIru-
sLrucLure InvesLmenLs
Decudes oI under-InvesL-
menL uIso presenL opporLu-
nILIes Ior boLI IoreIgn und
domesLIc InvesLors In ureus
sucI us:
- Energy, oII und gus re-
IuLed: rehnery, power gen-
eruLIon, power grId
- ConsLrucLIonJdeveIop-
menL oI IoLeIs, upurLmenLs,
condos, IousIng: LIIs Is boLI
Lo uddress LIe sIorLuge Ior
vIsILors und LIe unLIcIpuLed
urbunIzuLIon
- MunuIucLurIng: espe-
cIuIIy uLLrucLIve Lo CIInu und
oLIer MNCs
- EducuLIon und IeuILI
reIuLed secLors: spendIng Lo
rIse wILI Income
- InuncIuI servIces
WIIIe opporLunILIes ure pIen-
Ly, LIere ure uIso rIsks und cIuI-
Ienges Lo keep In mInd, jusL IIke
In uny emergIng economIes LIuL
ure begInnIng Lo Lurn Lo mur-
keL-bused deveIopmenLs. MosL
ImporLunLIy Ior Myunmur, LIe
momenLum Ior economIc re-
Iorms needs Lo be susLuIned
weII InLo LIe IuLure even uILer
sucI ImpressIve Lruck record
In recenL yeurs (sucI us LIe
new oreIgn nvesLmenL uw,
und excIunge ruLe und cenLruI
bunk reIorm). OLIer cIuIIenges
Lo be mIndIuI oI ure InIrusLruc-
Lure boLLIenecks und InuLIon-
ury pressures us InvesLmenLs
pour In, us weII us LIe need Lo
deveIop quIckIy LIe hnuncIuI
secLor so LIuL credIL cun be uIIo-
cuLed em cIenLIy. Here, LIe Ireer
ouLIng kyuL excIunge ruLe und
u more IndependenL cenLruI
bunk wIII pIuy u sIgnIhcunL roIe
In mILIguLIng InuLIonury pres-
sures und exLernuI ImbuIunces,
us weII us In deveIopIng u IuII
edge hnuncIuI secLor.
Suan Teck Kin is a senior
economist at Singapore-based
United Overseas Bank. He
joined United Overseas Bank
in 2006 as an economist. He
is responsible for economic
and foreign exchange research
with a primary focus on China,
Hong Kong and Taiwan, and
a secondary focus on South-
east Asia. As a member of the
Economic-Treasury Research
team, he presents the teams
market views to the Banks
management team regularly
and to the Banks clients in Sin-
gapore and the region.
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. .. :..q.. . ..:. . _._. ._.: .. .
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.:. ._ . ~_~. .. .~ e _e .
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_., .:. . ._ .~ .._e ~~ . . .
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q..._. ....:.. ~.~.:.._
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~, ...:..q.,e._...~_e. .~
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~~~~, _:.q...~ .
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~ ... , . e q . q:. ~~,~~,
_:.q...~ ~..q~,..'.:
, ... ' .e~ ...,..|.
~. e , .~ .~~ .:. ._ . q .. .
_. . . . . ~ . ~ .:. , _~:.. .. ._:,
- ~.~q ._.:.q..._....._
~~,~~ _:.q...~ ~..q
~,..'.: , .e~qq._e
.~..e:_..~.:.~q .qq._.
~~, . . . ~ _~ . ._.:~ ~.q
.~:~:q~:.~.:._..~ ~.q
. ~_e. .~ . ~ ... _. .. ~~,
~ ~:.e~_q:.~ .~..
_. .~ ._ ._ . _., .:. -...~ .
~. ~ ~~, .. . ...| ...: q ~ . .
q:~.~~..:.~ .e:,._...~
q._. e... ~~, ... ~,,~|q.
~ _.,.:.._ ~:.e._.:.
.q.~, _~ ..:.. .., ~._ .~.~..
-_.. ~ q~.,. q~.,~
~:. e _:.q.~, _ ~ .. :.~._ .
~.~.~ ~.q~_e. .~.~...
._. .,:~.~.~....:.~
~.q.~.,_e ~~ ...~~,~
~:. e . . . :. .q. . ~e ~._ .
(ASEAN Economic Community)
.: .q.~ ._. ~~ _~. :. ...| .
..:q~.:..__e.._.
e. .~:~ . ~ .e: _..~ .:.._
_., .: . .. :..q._., ._ . ..~ ~ .:
_... ~.:.~.:.~:..:.~_.
~. ~. , ..'. ~.~ ~.:~ ~. _e.
..._~.~~.~.:._e..|._.
. .. :..q.. . ._. .:. . _._.
._.: .. . .:.~ . ~ .~ _., .,
.: ~.~: ~_ .e: . _. .
_., .:. ~..q._ ~~~ ...
.~:.~ ~...._ ....
~_ ~ . ~. ..q ..~:~._...,
~~_ .~ .e . . . ..| ..:.. :. ., ..
._ ~. , .:.~ _.,._~...q,.
~.:...:..q...:~~~. _.,._
..|.._.q,~~ ~ . .. :..q.. . , .
. q .. ._. . . .. q:....:.. .. :..q.
. ~|..:.~ . . .:.:._.: .. . .:.
....:.._. ~.~..:q~
.~.:.~ .e:_.:.._~e:.~
_~_..|._,.
~. .q~_~ .~~ .:.~.,. ._ .
_.,.:.._ ~..~_.~.~,
.~.~q.~_q, ~._.~.,....
.~:._~:. .~_.._~._. ~.
._e ~.,...~:.e..:.._
..:q:.._ ...:..q.~.~~.
.:.~ .e:..:.,_~_.. ~~ ...
~ , ~ ~:. e . .. :..q.. ~e ~._ .
(ASEAN Economic Community)
~~ . . ...| ..|~ q, ..: q ~ .,_~
..:._~: _e. ._ .
.,: .~~._.. ~ Telenor . ~:~:
~._..~ Ooredoo ~~:. .~.e
.q....:......._.
~~.|.e:_..~ ~e:.._ ...
~...:.-_._~.~.:.~ ~ ,
~ . . . (GDP) . , .:.~ . .e
.e:_.:._.._e.._.
April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
INVESTMENT & FINANCE
21
Myanmar Summary
Myanmar Summary
Japanese Firms Strike Hi-Tech Power Plant Deals with Myanmar
T
wo Jupunese compunIes
Iuve ugreed deuIs Lo de-
veIop udvunced couI-hred
power pIunLs In Myunmur und
MuIuysIu us purL oI u govern-
menL drIve Lo exporL energy-eI-
hcIenL LecInoIogy Lo emergIng
murkeLs, u reporL suId.
TIe Jupunese governmenL Is
seekIng Lo promoLe LIe exporL
oI uILru-supercrILIcuI (USC)
pressure LecInoIogy power
pIunLs Lo meeL expecLed grow-
Ing demund In emergIng econo-
mIes, LIe NIkkeI busIness duIIy
suId.
USC power pIunLs ure LIe
mosL emcIenL In LIe worId, gen-
eruLIng IoLLer, IIgIer-pressure
sLeum LIun convenLIonuI unILs
resuILIng In sIgnIhcunLIy Iower
curbon dIoxIde emIssIons, NIk-
keI suId.
SumILomo MILsuI BunkIng Ius
reucIed u deuI Lo exLend Iouns
Ior u z6o bIIIIon yen USC power
generuLIon projecL In Myunmur,
LIe duIIy suId.
Jupunese Ieuvy mucIInery
mukers wIII Luke purL In LIe con-
sLrucLIon oI LIe pIunL wILI un
ouLpuL oI 1.z8 mIIIIon kIIowuLLs
In cooperuLIon wILI TIuI engI-
Phyu Thit Lwin neerIng hrm Toyo-TIuI Corp
PubIIc Co, IL suId.
Jupunese LrudIng hrm MILsuI
Ius ugreed Lo oversee LIe con-
sLrucLIon und operuLIon oI u
pIunL In MuIuysIu wILI Lwo USC
generuLors LIuL cun eucI pro-
duce one mIIIIon kIIowuLLs oI
energy, LIe duIIy suId.
MILsuI, purLnerIng wILI gov-
ernmenL-umIIuLed InIrusLruc-
Lure group 1MuIuysIu DeveIop-
menL BId (1MDB), Is expecLed
Lo sIgn u IormuI conLrucL wILI
LIe MuIuysIun governmenL by
LIIs summer, NIkkeI suId. TIe
projecL Is vuIued uL ubouL 6o
bIIIIon yen (RM11.8 bIIIIon)
und come onIIne In zo18.
Under LIe pIun, TosIIbu wIII
deIIver sLeum LurbInes Lo LIe
pIunL Lo be buIIL In JImuI, souLI
oI KuuIu umpur, wIIIe Jupu-
nese Ieuvy equIpmenL muker H
wIII provIde boIIers, NIkkeI suId.
TIe Lwo compunIes wIII sLurL
LIe consLrucLIon by LIe end oI
LIe yeur und uIm Lo sLurL LIe
pIunL In zo18.
EIectric Power BeveIopment Co (]-Power)'s coaI-red thermaI pIant is seen in Yokohama, south of Tokyo.
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ASA International Starts Myanmar Operation;
Eyes $8m in Loan Portfolio by 2016
A
SA nLernuLIonuI (ASA),
one oI LIe IurgesL mI-
crohnunce InsLILuLIons
In LIe worId, Ius IuuncIed ILs
operuLIon In Myunmur, LIe or-
gunIsuLIon suId.
ASA MIcrohnunce (Myun-
mur) Ld, un umIIuLe oI ASA,
IuuncIed ILs operuLIon In My-
unmur IusL monLI IoIIowIng ILs
upprovuI Irom LIe DIrecLoruLe
oI nvesLmenL und CompunIes
AdmInIsLruLIon (DCA).
ASA nLernuLIonuI HoIdIng
Ld enLered InLo un ugreemenL
wILI LIe UnILed NuLIons CupILuI
DeveIopmenL und (UNCD),
under wIIcI UNCD wIII pro-
vIde grunLs oI $z mIIIIon Ior
greenheId operuLIon In Myun-
mur Ior LIe nexL LIree yeurs.
ASA wIII be provIdIng $1 mII-
IIon us equILy und $z-z. mII-
Wai Linn Kyaw
Year-wise branch expansion and staf deployment plan at the feld level
IIon us Ioun Lo ASA MIcrohnunce
(Myunmur) Ld by zo16, LIe mI-
crohnunce ugency suId. By zo16,
ubouL $8 mIIIIon Ioun porLIoIIo
und $o.8 mIIIIon suvIngs buIunce
Is projecLed, IL udded.
We Iope LIuL our InLerven-
LIon In Myunmur wIII breuk-
LIrougI In LIe poverLy reduc-
LIon oI Myunmur wIIcI Is
compIemenL Lo LIe MIIIennIum
DeveIopmenL GouI, urIdur
RuImun, generuI munuger oI
ASA MIcrohnunce (Myunmur)
Ld, suId.
He suId ASA InLends Lo InLro-
duce ILs cosL eecLIve und sus-
LuInubIe mIcrohnunce modeI
In dIerenL purLs oI Myunmur,
wIere o percenL oI LIe servIce
ureus wIII be semI-urbun und
LIe resL ruruI.
n LIe nexL LIree yeurs we
wouId IIke Lo seL up q bruncIes
In Yungon, Bugo, Mon, Ayeyur-
wuddy, Mugwuy und MunduIuy
und provIde mIcrohnunce ser-
vIces Lo q,ooo cIIenLs, urIdur
suId.
TIe mIssIon ASA Myunmur
Is poverLy reducLIon LIrougI
economIc empowermenL by
ensurIng uccess Lo hnuncIuI
servIces Lo LIe underprIvIIeged
communILy oI Myunmur.
TIe evenLuuI gouI oI LIe or-
gunIsuLIon Is Lo reucI poor und
Iow Income IouseIoId wILI LIe
servIces oI mIcrohnunce sus-
LuInubIy, Ie udded.
urIdur suId LIe compuny Is
goIng Lo open Len bruncIes In
perI-urbun ureus oI Yungon
soon.
ASA nLernuLIonuI Is u mIcro-
hnunce IoIdIng compuny und
regIsLered In MuurILIus und LIe
NeLIerIunds. CurrenLIy, ASA
Is operuLIng In sIx counLrIes In
AsIu und AIrIcu wILI nIne dII-
IerenL enLILIes LIrougI green-
heIdIng, LIe compuny suId.
As oI MurcI zo1, ASA served
ubouL q.q mIIIIon Iow-Income
IouseIoIds wIere more LIun
qo percenL oI LIe cIIenLs were
IemuIe. Ls Ioun porLIoIIo sLunds
uL over $;o mIIIIon wIIIe de-
posIL Is uL $q1 mIIIIon.
S
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: A
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ic
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(M
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., ~ . ~ . . . ._ ~. .q-. . .~
..~:.q.,_.._:~:. e_e.....
~ ~ .:.. _e, _e.q, , _~:..~ . ~_
~._..~:~........:~~:.
....~,.:.~:. ....q:.. _.,.:
. ~ ~ ~_ ..:~ q, ..:~ _
.~qq_.._e.._~:. .q._.
., ~. .q~.,_e ultra-supercritical
(USC) pressure ,_.._:...:~
~:.....~,.:.~:. e_e.....~~
.:.- ...~~.~..~_..:..:.
. ~ ~ _ ..q, _. ~ ..: q ~ .,
._~:. .q._.
.,. Mitsui ~,.e.q.~.~
~.,_e ....q:..~ ...~
~ . ~. ~. ., .. ~ . . . ._ USC
generators ....~:. ~_..:~
._.~q, ..:~_._.._e.._.
~_. Sumitomo Mitsui Banking
._ _.,.:.~ USC power
generation. . ~ , .~:.~.~: ~_
.e: . q, ~~ ~ e, .. '~ . e
~ ......q, ..:~ _ :._. ._e.
._......:~~:. ~.~...|.
~ ... .,.~q._ ~..|
. . ~ , .~:. ., ~_~..:..~ . . . , .
q.:..Toyo-Thai Corp Public Co,
~....|.....:.:..__e.._.
~.:~_~... ~....:.......
,.~e~._.~.._e.._ ASA
International (ASAI) ._ _.,.:
.~ ..,..:. .~..~.,
_. _e. ._~: . ~. .|~e ~._ .. ._~_:
:.._.
ASAI ~e ~._.~_e.._ ASA
Microfnance (Myanmar) Ltd ~.,
_e q..._..... ~.~.:._~._~.
.q. .. ._:,. . _..~ qq . _. . e. .
~. ..,..:. .~..~.,_..
_e. ._ .ASA International Holding
._ United Nations Capital
Development Fund (UNCDF) .
..:~ _ .~ qq . _. . ~. .|..:
~_.~~q UNCDF ._ _.,.:
.~:. .....: ..'.: .,.
....~....__e.._.
ASAI ~.,_e ..'.:~. ., .~:.
q e e:~, e .~_e. .:~ . ._ _e. _. .
..'.: .,.. .,..~:. ASA
Microfnance (Myanmar) ~:. ....
~_e. ~~' ~ ~....__e.._.
~~' ...~ ......|. ..'.:
.,.. . ..: .. ..'.: . _...
.,. qq.q, ..:.,.:.._~:.
.q._.
Women make brooms as part of MFI-funded home-based income generating activi-
ties at Chaung U village in Myanmar.
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April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
INVESTMENT & FINANCE
22
Myanmar Summary
Myanmar Summary
Getting to Know the Central Bank of Myanmar
I
n IIgIL oI one oI LIe ouL-
sLundIng moneLury poIIcIes
oI LIe governmenL Lo IIber-
uIIse LIe hnuncIuI secLors oI LIe
counLry LIIs yeur, we Iook uL LIe
reguIuLory body oI LIe commer-
cIuI bunkIng busIness. TIe Cen-
LruI Bunk oI Myunmur (CBM)
wIII begIn wILI LIe bIg sLep
by IuvIng LIe poIIcy Lo grunL
u bunkIng busIness IIcence Lo
IoreIgn bunk Lo curry ouL LIe
wIoIesuIe bunkIng In LIe LIIrd
or IourLI quurLer oI zo1q, In ud-
dILIon Lo LIe presenL poIIcy In
uIIowIng u IoreIgn bunk Lo seL
up onIy u represenLuLIve om ce.
Once grunLed wILI LIe bunkIng
busIness IIcence, IoreIgn bunk
wIII pIuy ImporLunL roIes In
drIvIng LIe Increuse oI IoreIgn
InvesLors InLo LIe counLry us
LIe IIcensed IoreIgn bunks muy
grunL Iouns Lo LIe IoreIgn Inves-
Lors Ior LIeIr InvesLmenL In My-
unmur, uccordIng Lo LIe CBM`s
poIIcy uL LIIs sLuge. As LIe reg-
uIuLor, LIe CBM sIuII uIso pIuy
ImporLunL roIes In monILorIng
und supervIsIng LIe bunkIng In-
dusLry.
Boar d of CBM
CBM Is currenLIy subjecL Lo
LIe CenLruI Bunk oI Myunmur
uw (PyIduungsu HIuLLuw uw
No. 16Jzo1). Under LIe uw,
CBM sIuII be munuged by bourd
oI dIrecLors wIIcI sIuII be con-
sIsLed oI nIne members - LIe
CenLruI Bunk Governor, LIree
DepuLy Governors und hve pro-
IessIonuI experLs wILI weII re-
versed experIences In econom-
Ics, hnunce und bunkIng Iuw,
uccounLIng und uudILIng works.
TIe Lerm oI LIe governor Is hve
yeurs wIIIe oI LIe members In-
Chulapong Yukate
cIudIng LIe depuLy governor
Is Ior Iour yeurs. TIe governor
und LIe members sIuII noL be
uIIowed Lo serve more LIun Lwo
Lerms.
I mpor tant Functi ons,
Duti es and Power s of CBM
TIe IoIIowIng ure LIe sum-
pIes oI LIe IuncLIons, duLIes und
powers oI CBM us prescrIbed In
LIe Iuw: IormuIuLIng LIe ImpIe-
menLIng LIe moneLury poIIcy;
decIdIng IoreIgn excIunge poII-
cIes; supervIsIon und conLroI-
IIng oI hnuncIuI InsLILuLIon;
conLroIIIng und munugIng; pro-
vIdIng sIorL Lerm Ioun Lo bunks;
supervIsIon und conLroIIIng LIe
moneLury murkeL und IoreIgn
currency murkeL; IssuIng II-
cence Lo LIe bunk und hnuncIuI
InsLILuLIons; und perIormIng
necessury meuns Lo ucquIre LIe
sLubIe und vIubIe IoreIgn Lruns-
ucLIon.
ApurL Irom LIe ubove sumpIes,
CBM sIuII ensure LIe moneLury
sLubIIILy oI LIe counLry und one
oI LIe mujor roIes oI CBM In en-
surIng LIe moneLury sLubIIILy Is
LIe responsIbIIILy In IIcensIng,
revokIng, InspecLIng, supervIs-
Ing und reguIuLIng bunk und h-
nuncIuI InsLILuLIon.
TIe oLIer mujor powers ure
LIe LrudIng oI LIe securILy ex-
cIunge cerLIhcuLes In LIe h-
nuncIuI murkeL, ImposIng re-
duced ruLe und LIe IeusL reserve
money requIremenLs, us weII us
LIe unnouncIng InLeresL ruLes
und Ioun. n uddILIon, wILI LIe
power oI LIe InspecLIon on LIe
hnuncIuI InsLILuLIons, CBM`s us-
sIgned sLu sIuII be empowered
Lo vIsIL LIe pIuces oI busIness oI
LIe bunks und hnuncIuI InsLILu-
LIons Lo InspecL LIe uccounLs,
Iedgers, supporLIng documenL
und records. CBM sIuII uIso be
empowered Lo gIve un order Lo
LIe bunk und hnuncIuI InsLILu-
LIon Lo send LIe requIred duLu Lo
CBM Ior LIe InspecLIon. To en-
sure LIe sLubIIILy on moneLury
sysLem, CBVM sIuII be empow-
ered Lo esLubIIsI LIe Ioun In-
IormuLIon cenLre Ior Ioun duLu
InIormuLIon Lo evuIuuLIng LIe
Ioun credIbIIILy.
Functi ons of CBM i n
for ei gn exchange
management
Two oI LIe mujor duLIes oI
CBM In LIIs uspecL ure Lo Im-
pIemenL LIe IoreIgn excIunge
poIIcy und Lo hx LIe IoreIgn
excIunge ruLe, upon LIe udvIce
oI LIe governmenL. n perIorm-
Ing LIe IuncLIons In IoreIgn ex-
cIunge munugemenL, CBM wIII
pIuy sImIIur roIes oI LIe cenLruI
bunks oI LIe oLIer counLrIes.
SucI roIes ure Ior exumpIe buy-
Ing, IoIdIng, seIIIng und deuI-
Ing In goId, IoreIgn currencIes,
Lreusury bIIIs und oLIer securI-
LIes excIunge cerLIhcuLes, or
borrowIng In uny IoreIgn cur-
rency cerLIhcuLes.
Other functi ons and duti es
of CBM
TIe Iuw uIso Ius LIe provI-
sIons us Lo LIe IuncLIons und
duLIes oI CBM In LIe conLroIIIng
puymenL und uccounLIng cIeur-
Ing sysLem, ucLIng us bunker Lo
exLend sIorL Lerm Ioun, us weII
us In perIormIng LIe govern-
menL`s moneLury muLLers sucI
us uccepLIng LIe deposILs oI und
muke puymenLs on beIuII oI LIe
governmenL.
TIe Iuw conLuIns oI 1z1 sec-
LIons empowerIng CBM Lo mon-
ILor und supervIse LIe bunks
und hnuncIuI InsLILuLIons und IL
Is ImporLunL Lo noLe LIuL CBM Is
empowered Lo Issue necessury
ruIes, reguIuLIons, bye-Iuws,
orders, dIrecLIves und proce-
dures under LIe Iuw. TIereIore
LIe bunkers und LIose wIo ure
In LIe bunkIng secLors musL
ensure LIuL LIey ure upduLed
wILI LIe mosL recenL reguIu-
Lory requIremenLs oI CBM sInce
LIe Iuw uIso Imposes LIe severe
penuILy Ior LIe oences under
LIIs Iuw.
To gIve our reuders LIe IuII
pIcLure oI LIe reguIuLory body
In LIe bunkIng busIness In My-
unmur, wIII expIore LIe pro-
vIsIons oI unoLIer IegIsIuLIon
wIIcI Is LIe Myunmur Inun-
cIuI nsLILuLIon uw In my nexL
urLIcIe.
Chulapong Yukate is the Chair-
man of Myanmar Advisory Lim-
ited and can be contacted at chu-
lapong3@gmail.com.
Govt Revenue Rises to $3.4b in 2013-14
T
Ie governmenL`s LoLuI
revenue rose Lo K.qz
LrIIIIon ($.qz bIIIIon) In
zo1-1q hscuI yeur, LIe nLer-
nuI Revenue DepurLmenL`s duLu
sIows.
TIIs murks u rIse oI K;1o bII-
IIon ($o.; bIIIIon) compured Lo
Kz.;1 LrIIIIon ($ z.;1 bIIIIon)
coIIecLed In zo1z-1.
TIe nLernuI Revenue DepurL-
menL suId IL wIII soon unnounce
LIe Lop 1,ooo Lux puyers Ior LIe
IusL hscuI yeur.
TIe governmenL recenLIy
uwurded Ionorury cerLIhcuLes
Aye Myat Lo Lop o cILIzen Lux puyers und
Lop o commercIuI Lux puyers
Ior LIe IusL hscuI yeur.
TIe umounL oI revenue re-
ceIved Ius been on LIe rIse
every yeur under U TIeIn SeIn`s
reIormIsL governmenL. n LIe
IusL yeur oI LIe prevIous govern-
menL (Yzo1o-11), LIe LoLuI rev-
enue wus K1.zz LrIIIIon ($1.zz
bIIIIon). L rose Lo K1. LrIIIIon
($1. bIIIIon) In zo11-1z, und
Kz.;1 LrIIIIon ($z.;1 bIIIIon) In
zo1z-1.
TIe governmenL Iormed LIe
Bourd oI ScruLInIsIng und Mon-
ILorIng oI Tux CoIIecLIon In Muy
IusL yeur.
TIe Lop Len commercIuI Lux
puyers Ior zo1z-1 were My-
unmur Brewery Ld, RoLImuns
oI PuII MuII Myunmur PLe Ld,
Dugon Beveruges Co Ld, BTC
Compuny Ld, Myunmur CP
IvesLock Co Ld, CILy MurL
HoIdIng Co Ld, PremIer CoI-
Iee Co Ld, YuLIur CIo ndusLry
Ld, Mux Myunmur ConsLruc-
LIon Co Ld und SLruILs Green-
heId Ld (Sedonu HoLeI Yun-
gon).
Top Income Lux puyers oI LIuL
yeur were BTC Co Ld, My-
unmur CP IvesLock Co Ld,
SIwe Tuung DeveIopmenL Co
Ld, Co-OperuLIve Bunk Ld,
Mux (Myunmur) ConsLrucLIon
Co Ld, Dugon Beveruges Co
Ld, SIwe Me Co Ld und AsIu
WorId Co Ld.
_., .:. .~: -e ~ ~.,_e
.~q~. ,~ ._.:.~.:.~:.
~ e .:.. e , .. .:..: e . .....:
._. ~~, - ~~e. .~~
. ...~ .:.~ . _.:.~ .:.~:.
. .. :..q.~ . . .:. ....~: .
_.:.q..._.....:.~:. _.,.:.
~ q .. ._. . . . .:._.. . . q, ~~ ~
.....:. ~....q.~:.__e.
._.
~..~e~..~.,_e -e~
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_... _~._~._..~~:. ~.~..
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.~._ -e~...~q e._.
:._.._e._.. ...:..q. _:.q..
~....:.~ ~.~~_~q._
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~~_~..~. e._.:._..
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..~q -e~~.,_e .._~.
. q:. ~|..:.~:. ~ ~ .~ _ . .
_.. .~~:.._~...e..~|.
.:.~:. ..~_...._~.~e~._.
.:.~:.~_ _ . .~: , ._ ...q
.__e.._.
_._ ~ .~. , .. ._:,-.:q .~e:.
.:.~q ~~,~~, _:.q.. . ~
~..,...|. , ... , q.e
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.~:~.qq.._~:. .q._.
~ . .~:~ . qq . . : ~~~~,
_:.q...~ .~:~.qq.._
~..,...|. ... ~ q.e
..'.: ... ~ .e, .
. .e .|~ ~. ., ...| . ~~ . e
..'.: ._... .e, ..
.~:~ . qq . _. ._e. ._~: . .:q ..:.
~q.q._. ~.,..._:,~.,_e
._~:. ~ e. . . - ~.:.. . ~. ,
....:. ~,~~~ .:q.~:. ~
_.,....__e.._.
e._:.q...~~.~ ~..q
~.,_e ~.,~.:........:.
. .:. ~ . . .. :..q.~. , ~.:.. .
.....:. ~ ~~:. ~_...:.
.._......_...,..,..|...:
._ ~. .q~~ .:._ .,:~ . .~
~.,.~:~.qq..:. ...~.~~
.:_.._e.._.
e. ~. .q .~~ ~~~~~~
_:.q... ~ ~.,~..,...|.
~ ... q . e qq._.. ~~~
~~ ~ ~..,. ..|. ~ ...
, q.e qq.._.
Myanmar's Central Bank building is seen in Nay Pyi Taw.
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April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
PROPERTY & REAL ESTATE
23
Myanmar Summary
Myanmar Summary
Ayala Land Eyes Myamar Move
A
yuIu und, LIe
properLy subsIdIury
oI LIe PIIIIppInes-
bused AyuIu group, Is uIm-
Ing uL deveIopIng overseus
murkeLs, purLIcuIurIy In
Myunmur und VIeLnum, u
compuny omcIuI suId.
AyuIu und nc Is ex-
pundIng ILs resIdenLIuI
deveIopmenLs und ILs re-
LuII busIness Lo ILs ASEAN
neIgIbours, newIy up-
poInLed presIdenL und
CEO Bernurd VIncenL O
Dy suId In u brIehng uILer
u sLockIoIders` meeLIng,
uccordIng Lo IIIpIno me-
Aye Myat dIu reporLs.
n Myunmur, AyuIu
und purLnered wILI u
IocuI reLuII compuny Ior
u $o-mIIIIon resIdenLIuI
projecL comprIsIng u se-
rIes oI Lowers.
Dy, Iowever, decIIned
Lo nume ILs IocuI purLner
us weII deLuIIs oI LIe mus-
LerpIun, cILIng u non-dIs-
cIosure ugreemenL.
L`s u $o-mIIIIon pro-
jecL, our sIure Is $1o mII-
IIon, noL u Iuge InvesL-
menL on our purL, Ie wus
quoLed us suyIng, uddIng
LIuL LIe hrsL Lower wIII be
IuuncIed Lowurds LIe end
oI LIe yeur.
Singapores Surbana Expands Myanmar Operations
Announces hiring plans, scholarship to develop engineering capabilities in Myanmar
S
urbunu nLernuLIonuI Con-
suILunLs, one oI LIe IurgesL
buIIdIng und urbunIsuLIon
consuILunLs In AsIu, unnounced
LIuL IL wIII be seLLIng up u
bruncI omce In Yungon us purL
oI ILs expunsIon pIuns In Myun-
mur.
Surbunu suId LIe move Is In
response Lo growIng demund
Ior ILs servIces und purL oI Sur-
bunu`s regIonuIIsuLIon pIuns.
n vIew oI LIe pIck-up In job
opporLunILIes, Surbunu Is open-
Ing u bruncI omce In Yungon,
Surbunu nLernuLIonuI ConsuIL-
unL`s CIIeI ExecuLIve Omcer
Pung Yee Eun suId.
TIe bruncI omce wIII Iouse
IocuI IuII LIme Myunmur pro-
IessIonuI und supporL sLu,
overseen by Surbunu`s DepuLy
GeneruI Munuger Ior Myunmur
OperuLIons, GureLI Wong.
TIe muILI-dIscIpIInury engI-
neerIng consuILuncy Ius severuI
projecLs In Myunmur wILI LIe
Lwo IurgesL beIng u resIdenLIuI
deveIopmenL wILIIn LIe Dugon
SeIkkun TownsIIp wILI LIe
MInIsLry oI ConsLrucLIon wIIcI
wIII yIeId 1q,ooo IousIng unILs
on u zzo ucre pIoL, und LIe Yun-
gon EcoIogIcuI AquurIum wILI
LIe Myunmur AquurIum Com-
puny, u zo,ooo squure meLre
LourIsL deveIopmenL seL uguInsL
KunduwgyI uke In Yungon.
U KIIn Mg TIeIn, cIIeI engI-
neer PubIIc Works, MInIsLry oI
ConsLrucLIon, suId Surbunu`s
experLIse In buIIdIng quuIILy
uordubIe IousIng quIckIy us-
Ing new buIIdIng meLIods Is un
ImporLunL reuson wIy we cIose
Lo work wILI LIem. We ure Iup-
py wILI LIe progress so Iur und
Iook Iorwurd Lo LIe compIeLIon
oI LIe projecL.
Surbunu Is InvoIved In mus-
Phyu Thit Lwin
LerpIunnIng und urcIILecLuruI
consuILuncy servIces, cIvII und
sLrucLuruI und mecIunIcuI und
eIecLrIcuI servIces Ior LIe Ious-
Ing projecL LIuL sLurLed In eb-
ruury IusL yeur, wIIIe IL`s LIe
Ieud projecL munuger und de-
sIgn consuILunL Ior LIe uquurI-
um projecL LIuL begun In OcLo-
ber zo1.
Yu Yu WIn, Irom Myunmur
AquurIums Compuny Ld, suId:
As Myunmur conLInues Lo open
up, LourIsL uLLrucLIons wIII Iorm
purL oI LIe overuII deveIopmenL
oI LIe counLry.
We ure very Iuppy Lo Iuve
Surbunu us our Ieud projecL
munugers und desIgn consuIL-
unLs us LIey ... provIde us wILI
InnovuLIve desIgn soIuLIons Lo u
very ImporLunL LourIsm projecL
Ior Myunmur.
Surbunu`s currenL projecLs
In Myunmur ure supporLed by
Surbunu`s Leum oI proIessIonuIs
In SIngupore und LIe compuny
suId IL wIII InvesL In LuIenLs und
buIId u sLrong IocuI Leum In My-
unmur cupubIe oI provIdIng end
Lo end buIIdIng und engIneerIng
soIuLIons LIuL wIII enIunce LIe
IIveubIe spuce In Myunmur.
TIe compuny suId IL pIuns Lo
IIre up Lo nIne IocuI sLu Lo sup-
porL ImmedIuLe projecLs In LIe
pIpeIIne, und Ius pIuns Ior Iur-
LIer growLI und expunsIon In
LIe nexL Iew yeurs.
TIe sLu wIII comprIse pro-
IessIonuIs IIke engIneers, ur-
cIILecLs, projecL munugers,
uccounLunLs, busIness deveIop-
menL munugers us weII us LecI-
nIcuI supporL sLu.
Pung suId: Surbunu pIuces
u premIum on deveIopIng ILs
peopIe - In SIngupore und over-
seus. Our pIysIcuI presence wIII
be compIemenLed by u deIIber-
uLe eorL Lo buIId IocuI cupubIII-
LIes In LIe Iong run.
DurIng ILs IuuncI, Surbunu
uIso unnounced u SGD$1o,ooo
scIoIursIIp Iund Ior IocuIs wIo
wunL Lo pursue u cureer In en-
gIneerIng und urcIILecLure. TIe
scIoIursIIp wIII be mude uvuII-
ubIe Lo sLudenLs In LIe IocuI unI-
versILIes. DeLuIIs oI LIe scIoIur-
sIIp wIII be unnounced soon,
Surbunu suId.
Pung suId Surbunu uIso Ius un
eye on IuLure opporLunILIes In
Myunmur In dIverse projecLs.
Surbunu uIso Ius experLIse
In secLors, besIdes IousIng, In
ureus sucI us LrunsporL, InsLI-
LuLIonuI, commercIuI, uvIuLIon,
murIne und porL InIrusLrucLure,
wIIcI cun serve Myunmur`s
oLIer deveIopmenL needs.
We beIIeve our exIbIe und
prucLIcuI upproucI In servIce
deIIvery ucross LIe projecL IIIe
cycIe IurLIer sLrengLIens our
vuIue proposILIon us u preIerred
urbun soIuLIons provIder.
Surbunu, wIose core exper-
LIse Is LownsIIp pIunnIng, wus
InvoIved In SIngupore`s mucI-
vuunLed pubIIc IousIng pro-
grumme. SIngupore wus uwurd-
ed LIe zo1o UN-HABTAT
ScroII oI Honour Awurd Ior
provIdIng one oI AsIu`s und LIe
worId`s greenesL, cIeunesL und
mosL socIuIIy conscIous IousIng
progrummes.
Surbunu covers LIe reuI esLuLe
vuIue cIuIn, IncIudIng urbun
pIunnIng, desIgn, engIneer-
Ing, projecL und consLrucLIon
munugemenL, cousLuI engIneer-
Ing, InIrusLrucLure, susLuInubIe
desIgn LecInoIogIes und cILy
munugemenL. Ls geogrupIIcuI
coveruge spuns CIInu, BruneI,
MuIuysIu, VIeLnum, AIrIcu und
LIe MIddIe EusL.
e .. . ~._.. ~ ~ . _. ._.. .
, .~.._e.._ Ayala Land
group ._ ._.:....~~
~ . . ..e:~ . q, q_ q e :.
._~:. .q._.
AyalaLand group ~.,_e
_., .:. q _._ ~ .~ . ~ ~. .
. . ~ .~ _ ~..q ~, ..'.:
, ., .~, e .q ~._. ~..:~
~~.:...:~.._.. ~.q:
..~,.~~..q~,..'.: ~
., .q .. ._. . . _e~ .. . .
~ .,_. .e. . . ~~ , ~ ..
. .. . , ..:.~ .~ ._ e .
q._.
An illustration of Surbana International Consultants' Yangon Ecological Aquarium
project.
S
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An illustration of Surbana International Consultants' residential development pro-
ject in Bagon Seikkan township, Yangon.
~:q-~..:~~~. _._.~_
..:~.q.~~....,._~..:.
.~. . _e. ._ SurbanaInternational
Consultants ._ _., .:. . . . , .
. ._ ~.,_e q, ~ , _. ~ , ..
e . . .~: ._ _e. ._~: . ._~_:
:.._.
Surbana ~.,_e ,.~-..,.
.~..~.~:....:.. Surbana
-...~~..q.~.~..:.~q
~.e..q_.._e.._~:. ._.:
_~:.:.._.
Surbana~_._ _._ . q:~~ . .
~.~- ~...:.. Pang Yee
Ean . ~..~~~.~....:.
qe . q, ~~ ~ q, ~ , , .. ~ e . .
q_.._e.._~:. q._.._.
~..|,..~ _., .:~..~._:
q .:. ~.:~ ~~ _.~, . ..:..
..~.__e._.. Gareth Wong .
Surbana -_., .:. . q:.~ .:~
~...,.,:~_e. _~._~.._
_e.._.
April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
24
Myanmar Summary
PROPERTY & REAL ESTATE
Chinese Real Estate Market on Verge of Collapse
Mark Benson
O
nIy u Iew weeks ugo re-
porLs emerged ubouL LIe
ImpendIng deIuuIL oI
one oI CIInu`s weII-known reuI
esLuLe deveIopmenL compunIes,
In LIe sIupe oI LIe ZIejIung
XIngrun ReuI EsLuLe Compuny,
und LIe IucL LIuL LIere were
probIems In LIe reuI esLuLe mur-
keL. TIese probIems uppeur Lo
Iuve surIuced In MurcI wILI u
recenL reporL by LIe UK hnun-
cIuI TImes conhrmIng LIuL suIes
voIumes were down q per-
cenL durIng LIe hrsL z duys oI
MurcI compured Lo LIe sume
perIod IusL yeur. However, Is IL
u IuIr compurIson?
UnLII jusL u Iew weeks ugo
LIere wus no reuI concern LIuL
LIe CIInese reuI esLuLe mur-
keL wus In LroubIe, deveIop-
menL compunIes were IeeIIng
LIe squeeze und demund wus
IuIIIng. Even LIougI some peo-
pIe were suggesLIng probIems
uIeud nobody quILe expecLed
sucI u sIorL sIurp sIock.
WIuL does LIIs suIes duLu
meun?
AsIde Irom LIe IucL LIuL de-
mund Ior CIInese reuI esLuLe
Is obvIousIy IuIIIng, und IuIIIng
drumuLIcuIIy, LIIs suIes duLu
perIecLIy IIIusLruLes LIe prob-
Iems uIeud. ndeed wIen you
uIso beur In mInd LIere Ius
been un Increuse In uvuIIubIe
oor spuce (In LIe regIon oI z1
percenL compured Lo MurcI IusL
yeur) LIIs IIgIIIgILs yeL more
Issues. uIIIng suIes voIumes
und IncreusIng oorspuce wIII
InevILubIy Ieud Lo u reducLIon
In reuI esLuLe prIces wIIcI wIII
Ieuve muny deveIopmenL com-
punIes sLruggIIng wILI cusI ow
Issues.
A recenL commenL on Prop-
erLyorum.com reud: CIInese
InvesLors ure reuIIy cusI rIcI
und LIere ure u IoL oI New RIcI
Irom LIere. No surprIse LIey
wIII ood everywIere IncIudIng
souLIeusL AsIu IIke SIngupore,
MuIuysIu, AusLruIIu, Myunmur,
ondon, USA und even TuI-
wun.
Over LIe IusL Iew yeurs LIe
CIInese reuI esLuLe murkeL Ius
been someLIIng oI u mugneL
Ior overseus InvesLors, Indeed
muny Iuve mude sIgnIhcunL re-
Lurns, buL LIere ure sIgns LIIs
uppeLILe Is wunIng. TIe prob-
Iem Is LIuL II overseus InvesLors
wILIdruw LIeIr Iunds, demund
conLInues Lo IuII und oorspuce
conLInues Lo rIse, we couId be
on LIe verge oI un ImpIosIon oI
LIe CIInese reuI esLuLe murkeL.
s LIe murkeL beyond LIe
poInL oI no reLurn?
or u good coupIe oI yeurs
now LIe CIInese governmenL
Ius been uLLempLIng Lo geL u
grIp oI LIe CIInese reuI esLuLe
murkeL, IL Ius been LryIng Lo
LuIk down reuI esLuLe prIces
und Indeed LIere Iuve been uL-
LempLs Lo reduce InvesLmenL
IundIng. SurprIsIngIy, wIen
beurIng In mInd LIe IIsLory oI
CIInese governmenLs, LIese uL-
LempLs IuIIed mIserubIy und LIe
murkeL conLInued Lo go Irom
sLrengLI Lo sLrengLI. So wIuL
cun LIe governmenL do now?
TIe mujor probIem uL LIe mo-
menL Is LIe IucL LIuL uL IeusL
one deveIopmenL compuny Ius
udmILLed cusI ow Issues und
LIIs wIII usI ouL u number oI
weuker compunIes us InvesLors
Iook Lo wILIdruw LIeIr Iunds.
WIuL sLurLed us someLIIng
oI u rIppIe ucross LIe CIInese
reuI esLuLe deveIopmenL secLor
couId very quIckIy Lurn InLo u
LsunumI LukIng uwuy muny oI
LIe weuker CIInese reuI esLuLe
deveIopers. WIIIe LIIs couId
poLenLIuIIy be good news In LIe
Iong Lerm, usIIng ouL muny oI
LIe weuker und more specuIu-
LIve compunIes, IL couId become
someLIIng oI u bIoodbuLI In LIe
sIorL Lo medIum Lerm.
TIe CIInese governmenL Ius
been wurnIng oI sucI probIems
wILIIn LIe reuI esLuLe secLor Ior
some LIme now, LIese wurnIngs
were eecLIveIy Ignored und LIe
secLor und InvesLors ure now
seL Lo puy LIe prIce. TIe CII-
nese governmenL wIII do wIuL
IL cun Lo supporL LIe reuI esLuLe
IndusLry, wIII oer hnuncIuI us-
sIsLunce wIere uppIIcubIe buL
LIe secLor Ius Lurned, InvesLors
ure now sIyIng uwuy und muny
CIInese reuI esLuLe deveIopers
wIII puy LIe prIce. Propertywire
Wika Beton Eyes Expansion into Myanmar, ASEAN
Shares of Indonesia building materials maker jump on debut
C
oncreLe consLrucLIon hrm
PT WIjuyu Kuryu Be-
Lon (WIku BeLon), u unIL
oI sLuLe consLrucLIon hrm PT
WIjuyu Kuryu Tbk, pIuns Lo ex-
pund InLo ASEAN by deveIop-
Ing IucLorIes In Myunmur, LIe
PIIIIppInes und TImor esLe,
wILI u LoLuI InvesLmenL oI up Lo
Rp;o bIIIIon ($66.6 mIIIIon),
u Lop compuny omcIuI suId.
TIe compuny uIso uIms Lo ex-
pund In LIe MIddIe EusL wILI
IucLorIes In SuudI ArubIu, I-
nunce DIrecLor EnLus AswunI
LoId reporLers, uccordIng Lo III-
pIno medIu reporLs.
TIe hrm uIso suId ILs InILIuI
pubIIc oerIng wus oversub-
scrIbed up Lo 1;.1 LImes. WIku
BeLon soId z.oq bIIIIon sIures
or z.q; percenL oI ILs enIurged
cupILuI durIng ILs PO, uL qo
rupIuI per sIure und ruIsed 1.z
LrIIIIon rupIuI.
SIures oI LIe ndonesIun
buIIdIng muLerIuIs muker rose
us mucI us o percenL In LIeIr
LrudIng debuL on AprII 8, sIg-
nuIIIng sLrong uppeLILe Ior In-
IrusLrucLure-reIuLed sLocks In
SouLIeusL AsIu`s bIggesL econ-
omy.
ndonesIu In generuI und
WKA BeLon In purLIcuIur ure
seL Lo benehL Irom compunIes
und InvesLors IookIng Lo sIIIL
ouL oI neurby TIuIIund, wIere
poIILIcuI uncerLuInLy Ius de-
Iuyed InIrusLrucLure pIuns und
cuused domesLIc demund Lo de-
cIIne.
ndonesIu Is one oI LIe besL
InvesLmenL cIoIces In SouLIeusL
AsIu wILI ILs Iurge consumer
buse, LIe poLenLIuI ouLcome oI
LIe eIecLIon und ImprovIng cur-
renL uccounL dehcIL, AdrIunus
BIus Prusuryo, Ieud oI equILy
reseurcI uL SumueI SekurILus,
LoId ReuLers.
WKA BeLon mukes consLruc-
LIon muLerIuIs sucI us brIdge
beums, reLuInIng wuIIs und
pIpes.
n u press reIeuse, LIe com-
puny suId IL pIuns Lo buIId Iuc-
LorIes In umpung, CIIegon und
Mukussur In ndonesIu, und
guIn u more sLubIe conLroI oI
ruw muLerIuIs In unLIcIpuLIon
oI LIe Iuge growLI poLenLIuI oI
InIrusLrucLure projecLs In ndo-
nesIu.
Kyaw Min
Myanmar Summary
Pupils walk in an area where old residential buildings are being demolished to make room for new skyscrapers in downtown
Shanghai. China's reaI estate investment sIowed in the rst two months of 2U14 whiIe saIes dropped from a year earIier, of-
ciaI data showed, the Iatest signs of cooIing in the property market as the broader economy as sIows.
Labourers work at a construction site of a power plant being built by PT Wijaya
Karya in north Jakarta.
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. , . ._ q~ .~ .~ ~ ~,~ .
-~ . _. ._....~ ~ ~ _..,:.:.q .,
._~:.~ ...:.._ Zhejiang
Xingrun ~...: ~._.._.~.~
.:.- ~.~~..:.~._~:. .e:_.
:.._ ~. q . .:.:. ..' ~ .:
.._. UK fnancial Times -.~
~..:~.q..:~q ~..|_..,:
.:.._ .~ .~~ ._e. ..'. _. . .~ .
.. , q~~~..:. e...
.q: .~:..~:~ ,, q:. . , . ~. .
.:..._.
q~ .~ .~ .:.._~:. ~, ~ .
- ~._.._....~~~ _..,:.:.
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.q: .~:..:. ~. ..,._ ~ . q .
_~._ .~, ~ . -~ . _. ._....~ ~
~ ~.,.~e......: e...
.~.~ ~ q:..,. _.~~.,
_. . .q: .~:..:.~. .~: ~ . _. ._.
...~~~ ....,.~....:. _e.
..'.._. . ~ . ~ .:.~.,_e ._ . .
._~.._.~.~.~~..:. _~.~
.,q_.._e.._.
.~q~~,~.-~._.._....
~ ~ ~ . ._ ~.~ ~:.,_ .._
. . , .q .:.~.,_e q. ~_ q, ~
.~~..:.q..,q._.
PT Wijaya Karya Tbk ..:~
...q.- ..,..~.._e.._ PT
Wijaya Karya Beton (Wika Beton)
..:~...q.._ _.,.: e...
. ~..:~~ ~..q~,..'.:
'' ... ,' .,.~,e.q .~,.:.
~_..:~~: ~:.e....:.~
...:..q...,..:. ..:..__e.
._~:. ~..|~.~- ~:~,q.
~... ._.:_~:..._.
~..|~.~._ ~.q ~.e..
...~.._e.._ ..:.~:.q.
.e:.~ ._ . .~ , .:.~_ ..:~
~: . q, q_ . , .:.._~:.
e....~...e:.:.. ._.:_~:.
:.._ .~. .|~ . ~ ._ ~.:..
_....~ qee: ... ~,
.e , ... , q:..,., ~:.
q e e:~. . . ~ , . ._e .q: ..
. _. . , . . ~ ... q . e qq . ._ .
April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
AUTOMOBILE
25
Myanmar Summary
Myanmar Summary
Myanmar Summary
Taxi! Temasek Firm Backs Southeast Asia Cab Booking App
Andrew Toh
A
unIL oI SIngupore sLuLe
InvesLor Temusek HoId-
Ings Is puLLIng ILs sub-
sLunLIuI cIouL beIInd un upp
LIuL euses LIe puIn oI bookIng
LuxIs In SIngupore und MuIuy-
sIu, uImIng Lo expund LIe ser-
vIce In oLIer busy SouLIeusL
AsIun cILIes.
VerLex VenLure HoIdIngs,
u $1.z-bIIIIon venLure cupILuI
hrm LIuL Iocuses on emergIng
compunIes und Iunds In AsIu
und LIe UnILed SLuLes, suId IL
wus IeudIng u group oI mosLIy
MuIuysIun InvesLors puLLIng un
unspecIhed eIgIL-hgure sum
InLo smurLpIone upp compuny
GrubTuxI.
TIe upp, deveIoped by Lwo
Hurvurd BusIness ScIooI grud-
uuLes, wus IuuncIed In MuIuysIu
In zo1z us MyTeksI, und LIen
expunded Lo SIngupore u yeur
IuLer. L uIso operuLes In TIuI-
Iund, VIeLnum und LIe PIIIIp-
pInes.
We InvesL In poLenLIuI cIum-
pIons wIIcI Iuve deveIoped
new LecInoIogy pIuLIorms or
busIness modeIs, VerLex Ven-
Lure CIIeI ExecuLIve CIuu Kee
ock LoId reporLers. We cIeurIy
see GrubTuxI us one sucI cIum-
pIon In LIe mukIng.
BookIng u LuxI Is oILen un
urduous Lusk In SIngupore, u
cILy sLuLe wILI u popuIuLIon oI
uround .q mIIIIon und jusL
z8,ooo cubs. Muny peopIe reIy
on LuxIs und pubIIc LrunsporL,
us SIngupore Is one oI LIe mosL
expensIve pIuces In LIe worId Lo
own u prIvuLe cur, buL hndIng u
cub durIng peuk Iours, und LIe
IrequenL LropIcuI downpours, Is
oILen IrusLruLIng.
n oLIer SouLIeusL AsIun cILIes
IIke MunIIu und KuuIu umpur,
Ieuvy Lrumc mukes hndIng Lux-
Is equuIIy dImcuIL.
GrubTuxI compeLes In LIe re-
gIon wILI un upp Irom Hong-
Kong bused compuny TuxI Hero
und RockeL nLerneL`s Eusy TuxI
upp.
n SIngupore, IL Is up uguInsL
murkeL Ieuder ComIorLdeIgro
Corp, wIIcI Ius ILs own book-
Ing upp. GrubTuxI, Iowever, oI-
Iers commuLers u cIoIce Irom
uII LIe LuxIs LIuL ure cIosesL Lo
LIeIr IocuLIon, regurdIess oI
wIIcI compuny operuLes LIem.
GrubTuxI Iounder und CIIeI
ExecuLIve AnLIony Tun suId LIe
upp wus LIe second mosL popu-
Iur In SIngupore uILer ComIorL-
deIgro, und LIuL IL Iud been
downIouded on Lo more LIun
one mIIIIon mobIIe devIces In
SouLIeusL AsIu.
He suId LIe compuny wus keen
Lo expund ouLsIde MuIuysIu, be-
cuuse LIuL Is wIere Ie beIIeved
LIe bIggesL growLI wus Iuppen-
Ing.
TIese murkeLs Iuve mucI
bIgger popuIuLIon sIzes. TIey`re
cIewIng up smurL pIones IIke
no Lomorrow, Ie suId. LIInk
jumpIng on LIIs Lype oI wuve
mukes uII LIe dIerence.
TIe VerLex VenLure-Ied In-
vesLmenL wIII go InLo producL
InnovuLIon und buIIdIng Iurger
IocuI Leums Lo deveIop und mur-
keL LIe upp, Tun suId. TIe upp
wouId reIy on buIIL-In Lrumc uI-
gorILIms und Ieedbuck Irom us-
ers, Ie udded. Reuters
Grab Taxi app launch in the Philippines.
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Singapore ~..q. Tamasek
Holdings-~e . ~. . ._ Singapore
. Malaysia .~~ Taxi .:.
_~ ~ .:q ...._ . .~.~ ~. ~:.
._eq .q, app ~. . ~ e, ~ ..~ q _. .
~..|~,..:.~:. ~_.:.....,.
,...._ ~.q.~:~:q_..:.
..| .q, ...~q._.
~:q. ~..q~,..:.. q,.
. .:._e , ... .~ . ~ .:.~ q .. .
_. . . :.._ Vertex VentureHoldings
. ~.~._ ....q:. q..._....
~.:...|~._~e~:. ...:
~: Grab Taxi e ..'._ ..~ e , .
app ~..~ ..e:_..._ ~,.
q . . ...:~~ q .. ._. . . :.._~: .
~.e:._.:_~:.:.._.
~. .| app ~:. Harvard Business
.~:....... .q..~.._..
_e. _. . ....q :.. ~ MyTeksi ~._
_e ~~ ...~ .~_e,_e.~:
~. . . ~_~:~ . ~:. . . .
.._.e.~.|~ . -e~,..
e.....:.~.| _e,_e.~.._.
.~q._.
Grab Taxi ~.,_e ...~.
app .:._e.._ .e:.~:~._.
.~~.~- Taxi Hero . Rocket
Internets Eas Tixi app ~ . e _.
.,q._.
Mandalay Suspends Taxi Imports
Zayar Phyo
T
Ie uuLIorILIes Iuve sus-
pended grunLIng permILs
Lo ImporL IuLesL cur mod-
eIs Lo run us LuxIs In MunduIuy
regIon, u mInIsLer suId.
RecenLIy, LIe governmenL
grunLed ubouL ,ooo permILs Lo
compunIes LIuL wunLed Lo Im-
porL IIgI-end, IuLesL cur modeIs
Lo run us LuxIs In MunduIuy und
Yungon regIon.
However, LIe governmenL Ius
suspended grunLIng IIcences
LemporurIIy us LIere Iuve been
reporLs oI compunIes LukIng ud-
vunLuge oI LIe sysLem us LIey
ImporL IIgI-grude curs und seII
LIose Ior personuI use.
We grunLed permILs, mosLIy
Lo Yungon-bused compunIes
und onIy Lwo MunduIuy-bused
compunIes, us we wunLed LIe
pubIIc Lo enjoy comIorLubIe
LrunsporL servIces. Now, we wIII
InvesLIguLe wIeLIer LIese com-
punIes reuIIy run LuxI servIce or
noL uILer LIey ImporL LIe curs,
suId U Kyuw Sun, regIonuI mIn-
IsLer Ior LrunsporLuLIon, Mun-
duIuy RegIon.
A LoLuI oI z,8z curs were uI-
Iowed Lo be ImporLed Ior o
compunIes wIIcI uppIIed Ior
LIe uuLomobIIe ImporL IIcence
Lo run LuxI servIce projecLs. Due
Lo LIe deIuy In procedures In
ImporLIng LIese curs, Iew LuxIs
ure runnIng LIe servIce In pruc-
LIce.
As oI MurcI, u LoLuI oI z86
curs were ImporLed under LIe
scIeme.
Toyota Hilux Ban Deadline Extended
Kyaw Min
T
Ie deudIIne Ior re-regIs-
LerIng ToyoLu HIIux pus-
senger pIckups us goods
or cIurLer veIIcIe Ius been ex-
Lended unLII AprII o, un omcIuI
unnouncemenL suId.
EurIIer, LIe uuLIorILIes suId
LIey wIII bun ToyoLu HIIux
pIckup Lrucks Irom runnIng us
pussenger currIers In Yungon
munIcIpuI ureu sLurLIng mId-
ebruury umId governmenL eI-
IorLs Lo prevenL roud uccIdenLs.
TIe decIsIon Lo repIuce HIIux
pIckups In LownsIIps oI Yun-
gon munIcIpuI ureu wILI mInI
buses wus Luken In December
IusL yeur uL u poIIcy und securILy
meeLIng oI LIe Yungon RegIonuI
GovernmenL.
However, uuLIorILIes uIIowed
LIe provIsIon Ior LIe owners Lo
re-regIsLer und converL LIose
veIIcIes Irom pussenger currI-
ers Lo goods LrunsporLIng veII-
cIes.
U HIu Aung, cIuIrmun oI LIe
CenLruI SupervIsory CommILLee
Ior MoLor VeIIcIes und VesseIs
(CSCMVV) oI Yungon regIon,
suId mosL oI LIe HIIux cur own-
ers requesLed Ior un exLensIon
so LIe depurLmenL Ius decIded
Lo exLend LIe deudIIne.
We ure uIIowIng LIe exLen-
sIon Lo gIve LIe veIIcIe owners
more LIme Lo prepure und geL
reudy Lo curry pussengers wILI
mInIbuses, Ie suId.
I HIIux curs uppIy Ior cIurLer
und goods veIIcIe regIsLruLIon
LIe depurLmenL wIII uIIow LIem
Ku und Gu numbered II-
cence pIuLes, U Kyuw Aye wIn,
Ieud oI LIe veIIcIes` depurL-
menL, suId.
TIe CSCMVV duLu sIows LIuL
LIere were 6 uccIdenLs Irom
Junuury 1 Lo MurcI 1 InvoIvIng
HIIux curs. CurrenLIy, Yungon
Ius q6 HIIux pussenger servIce
rouLes wILI 81 curs.
AccordIng Lo LIe cILy`s roud
LrunsporL udmInIsLruLIon, LIe
number oI moLor veIIcIes oper-
uLIng In Myunmur sLood uL .q
mIIIIon us oI SepLember zo1,
IncIudIng .q; mIIIIon mo-
LorcycIes, 8z, 816 pussenger
curs, 1oz,; Lrucks und zo,oq
buses.
q,~,_.~~. e..~e:.:.
._... _. .~ , ~ . . .._ _e. ..: ._ .
....:.e:. ~,._.e..:
_. .e: ~_e. ._.: .. . . ~ . .|~
~,.......:.q..,_~:.....
_:,~ .:.q:~..~..__e.
._~:. -_.. ,~ q~.,~ ~._.
. _.. ~ _. _e. ._~: . q, ~ , ~ ....
_~ .~. .q~e . .~ . ~ _., . ._ .
~..|~......_q,~,~.
..._~ ...: .~: e: . . , .....~.
, .. ...q.-e .~: .~ ~ _.. .~:
~ e ..~ e: . q ~.:.. ~.,_e
e..~e:.:. ~.,~._.._...
..q.~~~ .~:....:._~:
e.~. -_. ,~ q~.,~ ._.
q_.._e.._~:. ._.:_~:..._.
q, ~ , ._ . .:e:,e , . ~ ~~ .
e..~e:._....~,.~_..~
q, ~ , ~ ...._~ .~. .q~e ~.,_e
~~, ... .~: ' q~.,~
_...._..q..._..q. ~._.
~.~.. . ._e~ . _. ._e. ._ . e. ~ .
.~~..~.._._..~ _._..
~~ . e: . q . e: . ..:.
_. . . , qq . q, ~~ ~ . ._~ . ~
~ ~ ._. . _..... _. ._e. ._ e
.. .~: ~ .~ .~ ._.:_~:.._ .
e ..~ e: .:. .q .._ ~ ..:
_.. ._ . .:e:,e , . ~ ~~ . ._...
_..~ q,~,~...._~.~..q~e
~ ~, .~ ._ _e. ._.
.....~...._~.~~. Taxi
._...q, ~.~.:.~ ..:.e_.
..:.~:e:.:. ~.._ ..,.
..~...:~:.q: e:~..
.q ...:.~:~:. ~...._~.
~. .q~e . .:~ . .... _. ._e. _ . .
..:~ :.. .:.~ q. . .:.._~: .
.q._.
....._..: ~._.~~..~,
_. .~: ..~ . e _e ..~: ~.:._._ .
.~..:.~.: .q:.q..:..:
..~: Taxi Service ..~.e
~.~.~~~~ ..:.~:e:~
. .. .:~ . .... ~e .q, ~ , ~._.
. ~ ~ . ~ .~ .:._. . .. ...~._.. ~
~.~.....|~e.~~e.q: Taxi
Service ......~: .,:~...:
.. .... :..e ''e ~ ...._~ ... .., .
.~ . e .q.~, _~ . ..~: ., .~
._.:._.
April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
26
INTERNATIONAL AND DOMESTIC FLIGHT SCHEDULE
Fliggh htss ffroom Yanggon (RGNN) to Bangkok ((BKK) Fliggh htss ffroom Banggkok (BKKK) to Yaangon (RGN)
Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by:
PG 706 1 2 3 4 5 6 7 RGN BKK 7:15 9:30 Bangkok Airways DD4230 1 2 3 4 5 6 7 DMK RGN 06:30 07:55 NOK Airlines
DD4231 1 2 3 4 5 6 7 RGN DMK 8:00 9:45 NOK Airlines 8M336 1 2 3 4 5 6 7 BKK RGN 6:40 7:25 MAI
FD2752 1 2 3 4 5 6 7 RGN DMK 8:30 10:15 Thai AirAsia FD2751 1 2 3 4 5 6 7 DMK RGN 7:15 8:00 Thai AirAsia
8M335 1 2 3 4 5 6 7 RGN BKK 8:40 10:25 MAI TG303 1 2 3 4 5 6 7 BKK RGN 8:00 8:45 Thai Airways
TG304 1 2 3 4 5 6 7 RGN BKK 9:50 11:45 Thai Airways PG701 1 2 3 4 5 6 7 BKK RGN 8:50 9:40 Bangkok Airways
PG702 1 2 3 4 5 6 7 RGN BKK 10:45 12:40 Bangkok Airways FD2755 1 2 3 4 5 6 7 DMK RGN 11:35 12:20 Thai AirAsia
Y5-237 1 2 3 4 5 6 7 RGN BKK 18:05 19:50 Golden Myanmar Airlines PG707 1 2 3 4 5 6 7 BKK RGN 13:40 14:30 Bangkok Airways
TG302 1 2 3 4 5 6 7 RGN BKK 14:45 16:40 Thai Airways Y5-238 1 2 3 4 5 6 7 BKK RGN 21:10 21:55 Golden Myanmar Airlines
PG703 1 2 3 4 5 6 7 RGN BKK 15:20 17:15 Bangkok Airways FD2753 1 2 3 4 5 6 7 DMK RGN 16:35 17:20 Thai AirAsia
8M331 1 2 3 4 5 6 7 RGN BKK 16:30 18:15 MAI PG703 1 2 3 4 5 6 7 BKK RGN 16:45 17:35 Bangkok Airways
FD2754 1 2 3 4 5 6 7 RGN DMK 17:50 19:35 Thai AirAsia TG305 1 2 3 4 5 6 7 BKK RGN 17:55 18:40 Thai Airways
PG704 1 2 3 4 5 6 7 RGN BKK 18:25 20:20 Bangkok Airways DD4238 1 2 3 4 5 6 7 BKK RGN 19:30 20:15 NOK Airlines
TG306 1 2 3 4 5 6 7 RGN BKK 19:40 21:35 Thai Airways 8M332 1 2 3 4 5 6 7 BKK RGN 19:20 20:05 MAI
DD4239 1 2 3 4 5 6 7 RGN DMK 21:00 22:45 NOK Airlines PG705 1 2 3 4 5 6 7 BKK RGN 20:00 21:15 Bangkok Airways
FFliggh htss ffroom m Yangoon (RGN)) to Chiaang Maii (CNX) FFliggh htss ffroom m Chiangg Mai (CCNX) to YYangon (RGN)
W9-9607 4 7 RGN CNX 14:50 16:20 Air Bagan W9-9608 4 7 CNX RGN 17:20 17:50 Air Bagan
Flligghtss ffroom Yanggon (RGNN) to Sinngapore (SIN) Flligghtss ffroom Singaapore (SIN) to Yangon ((RGN)
Y5-233 1 2 3 4 5 6 7 RGN SIN 10:10 14:40 Golden Myanmar Airlines Y5-234 1 2 3 4 5 6 7 SIN RGN 15:35 17:05 Golden Myanmar Airlines
MI509 1 6 RGN SIN 0:25 5;00 SilkAir SQ998 1 2 3 4 5 6 7 SIN RGN 7:55 9:20 Singapore Airline
8M231 1 2 3 4 5 6 7 RGN SIN 8:30 13:00 MAI 8M6231/3K585 1 3 4 5 6 SIN RGN 9:10 10:40 Jetstar Asia
SQ997 1 2 3 4 5 6 7 RGN SIN 10:25 14:45 Singapore Airline 8M232 1 2 3 4 5 6 7 SIN RGN 14:10 15:40 MAI
8M6232/3K586 1 3 4 5 6 RGN SIN 11:30 16:05 Jetstar Asia MI518 1 2 3 4 5 6 7 SIN RGN 14:20 15:45 SilkAir
8M233 5 6 7 RGN SIN 13:45 18:15 MAI 8M235 5 6 7 SIN RGN 19:15 20:45 MAI
TR2827 1 2 3 4 5 6 7 RGN SIN 19:05 23:40 TigerAir TR2826 1 2 3 4 5 6 7 SIN RGN 17:05 18:25 TigerAir
MI517 1 2 3 4 5 6 7 RGN SIN 16:40 21:15 SilkAir MI520 5 7 SIN RGN 22:10 23:35 SilkAir
FFliightts frromm Yangonn (RGN) tto Kualaa Lumpuur (KUL) Fligghtts frro om m Kuala LLumpur (KUL)too Yangonn (RGN)
AK1427 1 2 3 4 5 6 7 RGN KUL 8:30 12:50 AirAsia AK1426 1 2 3 4 5 6 7 KUL RGN 6:55 8:00 AirAsia
8M501 1 2 3 4 5 6 7 RGN KUL 8:55 12:55 MAI MH740 1 2 3 4 5 6 7 KUL RGN 10:05 11:15 Malaysia Airlines
MH741 1 2 3 4 5 6 7 RGN KUL 12:15 16:30 Malaysia Airlines 8M502 1 2 3 4 5 6 7 KUL RGN 14:00 15:00 MAI
Fligghtts frrom Yanngon (RGGN) to HHanoi (HHAN) Fligghtts frrom Hannoi (HANN) to Yanngon (RRGN)
VN956 1 3 5 6 7 RGN HAN 19:10 21:30 Vietnam Airlines VN957 1 3 5 6 7 HAN RGN 16:35 18:10 Vietnam Airlines
Flliggh htss ffroom m Yangon (RGN) to Ho CChi Minhh (SGN) Flliggh htss ffroom m Ho Chii Minh (SSGN) to Yangonn (RGN)
VN942 2 4 7 RGN SGN 14:25 17:10 Vietnam Airlines VN943 2 4 7 SGN RGN 11:40 13:25 Vietnam Airlines
Flligghtss ffrom Yanngon (RGGN) to TTaipei (TTPE) Flligghtss ffrom Taipei (TPEE) to Yanngon (RGN)
CI7916 1 2 3 4 5 6 RGN TPE 10:50 16:10 China Airline CI7915 1 2 3 4 5 6 7 TPE RGN 7:15 10:05 China Airline
BR288 2 5 6 RGN TPE 11:35 17:20 EVA Air BR287 2 5 6 TPE RGN 7:30 10:35 EVA Air
Flliggh htss ffroom Yanggon (RGNN) to Kunming(KMG) Flliggh htss ffroom Kunmming(KMMG) to Yangon ((RGN)
CA906 2 3 4 6 7 RGN KMG 14:15 17:35 Air China CA905 2 3 4 6 7 KMG RGN 12:40 13:15 Air China
MU2032 1 2 3 4 5 6 7 RGN KMG 14:40 17:55 China Eastern MU2031 1 2 3 4 5 6 7 KMG RGN 13:30 14:00 China Eastern
MU2012 3 6 RGN KMG 12:20 18:10 China Eastern (via NNG) MU2011 3 6 KMG RGN 8:25 11:30 China Eastern (via NNG)
Flligghtss from Yanngon (RGGN) to BBeijing (BJS) Flligghtss from Beijjing (BJSS) to Yanngon (RRGN)
CA906 2 3 4 6 7 RGN BJS 14:15 21:55 Air China (via KMG) CA905 2 3 4 6 7 BJS RGN 8:05 13:15 Air China (via KMG)
Fliggh htss ffroom Yanggon (RGNN) to Naanning (NNG) Fliggh htss ffroom Nannning (NNNG) to Yaangon ((RGN)
Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by:
MU2012 3 6 RGN NNG 12:20 16:25 China Eastern MU2011 3 6 NNG RGN 10:15 11:30 China Eastern
FFliggh htss ffroom m Yangoon (RGN)) to Honng Kong (HKG) HHonng g KKo ong (HKG) Flights from Yaangon ((RGN)
KA251 1 2 4 6 RGN HKG 1:10 5:35 Dragon Air KA250 1 3 5 7 HKG RGN 21:50 23:45 Dragon Air
*PPleaasee noote thee dday change for the deparrture time too Hong Kongg.
Flliggh htss ffroom m Yangon (RGN) to Guanng Zhouu (CAN) Flliggh htss ffroom m Guang Zhou (CCAN) to Yangonn (RGN)
8M711 2 4 7 RGN CAN 8:40 13:15 MAI CZ3055 3 6 CAN RGN 8:40 10:30 China Southern Airlines
CZ3056 3 6 RGN CAN 11:20 15:50 China Southern Airline 8M712 2 4 7 CAN RGN 14:15 15:45 MAI
CZ3056 1 5 RGN CAN 17:40 22:15 China Southern Airline CZ3055 1 5 CAN RGN 14:45 16:35 China Southern Airlines
FFlighhts ffroom Yanggon (RGN) to Koolkata (CCCU) FFlighhts ffroom Kolkkata (CCUU) to Yaangon (RRGN)
Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by:
AI228 5 RGN CCU 18:45 19:45 Air India AI227 1 5 CCU RGN 10:35 13:20 Air India
AI234 1 5 RGN CCU 13:40 16:55 Air India (via GAY) AI233 5 CCU RGN 13:30 18:00 Air India (via GAY)
Fliggh htss ffrom Yanngon (RGGN) to GGaya (GAAY) Fliggh htss ffrom Gayya (GAY) to Yanngon (RGGN)
8M 601 1 3 5 6 RGN GAY 10:30 11:50 MAI 8M 602 1 3 5 6 GAY RGN 12:50 16:00 MAI
AI234 1 5 RGN GAY 13:40 15:00 Air India AI233 5 GAY RGN 15:00 18:00 Air India
Fligghtts frrom Yanngon (RGGN) to TTokyo (NNRT) FFliightts frrom Tokkyo (NRTT) to Yaangon (RRGN)
NH914 1 3 6 RGN NRT 22:00 06:40+1 ALL NIPPON Airways NH913 1 3 6 NRT RGN 11:10 17:05 ALL NIPPON Airways
FFliggh htss ffrom Yanngon (RGGN) to SSeoul (ICCN) FFliggh htss ffrom Seooul (ICN)) to Yanngon (RGGN)
KE472 1 3 5 7 RGN ICN 0:05 8:00 Korean Air KE471 1 2 3 4 5 6 7 ICN RGN 18:40 22:55 Korean Air
OZ7463 4 7 RGN ICN 0:50 8:50 Asiana OZ4753 3 6 ICN RGN 19:30 23:40 Asiana
Flligghtss ffrom Yanngon (RGGN) to DDoha (DOOH) Flightts frrom Dohha (DOH) to Yangon (RRGN)
QR619 1 2 3 4 5 6 7 RGN DOH 8:00 11:45 Qatar Airways QR618 1 2 3 4 5 6 7 DOH RGN 21:05 06:29+1 Qatar Airways
Flliggh htss ffroom m Yangon (RGN) to Nay Pyi Taww (NYT) Flliggh htss ffroom m Nay Pyyi Taw (NNYT) to Yangonn (RGN)
Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by:
FMI-A1 1 2 3 4 5 RGN NYT 7:30 8:30 FMI Air Charter FMI-A2 1 2 3 4 5 NYT RGN 8:50 9:50 FMI Air Charter
FMI-B1 1 2 3 4 5 RGN NYT 11:30 12:30 FMI Air Charter FMI-B2 1 2 3 4 5 NYT RGN 13:00 14:00 FMI Air Charter
FMI-C1 1 2 3 4 5 RGN NYT 16:30 17:30 FMI Air Charter FMI-C2 1 2 3 4 5 NYT RGN 18:00 19:00 FMI Air Charter
FMI-A1 6 RGN NYT 8:00 9:00 FMI Air Charter FMI-A2 6 NYT RGN 10:00 11:00 FMI Air Charter
FMI-A1 7 RGN NYT 15:30 16:30 FMI Air Charter FMI-A2 7 NYT RGN 17:00 18:00 FMI Air Charter
FFliightts frrom Yangoon (RGN) to Manndalay ((MDY) FFliightts frrom Manddalay (MDDY) to YYangon (RGN)
Y5-234 1 2 3 4 5 6 7 RGN MDY 6:15 7:30 Golden Myanmar Airlines Y5-233 1 2 3 4 5 6 7 MDY RGN 8:10 9:25 Golden Myanmar Airlines
YH 909 2 4 6 7 RGN MDY 6:30 8:10 Yangon Airways YH 910 1 3 MDY RGN 7:40 10:30 Yangon Airways
YH 917 1 2 3 4 5 6 7 RGN MDY 6:10 8:30 Yangon Airways YH 918 1 2 3 4 6 7 MDY RGN 8:30 10:25 Yangon Airways
YH 727 1 5 RGN MDY 11:15 13:25 Yangon Airways YH 728 1 5 MDY RGN 9:10 11:05 Yangon Airways
YH 731 1 2 3 4 5 6 7 RGN MDY 15:00 17:10 Yangon Airways YH 732 1 2 3 4 5 6 MDY RGN 17:10 19:15 Yangon Airways
W9 501 1 2 3 4 RGN MDY 6:00 7:25 Air Bagan W9 502 1 2 3 4 MDY RGN 16:10 18:15 Air Bagan
K7 222 1 2 3 4 5 6 7 RGN MDY 6:30 8:40 Air KBZ K7 223 1 2 3 4 5 6 7 MDY RGN 9:00 11:05 Air KBZ
YJ 201 1 2 3 4 5 6 7 RGN MDY 11:30 12:55 Asian Wings YJ 202 1 2 3 4 5 6 7 MDY RGN 16:00 17:25 Asian Wings
April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
IT & TELECOM
27
Myanmar Summary
Myanmar Summary
Twitter Freshens Up
Its Lser Prole Puges
Gerry Shih
T
wILLer nc unveIIed u re-
desIgn oI ILs user prohIe
puges IusL week, LIe IuLesL
In u serIes oI sLeps promIsed by
LIe compuny Lo brIng new users
Lo LIe seven-yeur-oId servIce.
n response Lo un uII-LIme
Iow In user growLI hgures dur-
Ing LIe recenL quurLer, TwILLer
CIIeI ExecuLIve DIck CosLoIo
LoId worrIed WuII SLreeL unu-
IysLs LIuL LIe compuny wouId
muke u number oI cIunges Lo
IresIen up LIe servIce.
TIe redesIgn, wIIIe mosLIy
cosmeLIc, IInLed uL wIuL Cos-
LoIo descrIbed In ebruury us u
wIIIIngness Lo experImenL wILI
new wuys Lo orgunIse conLenL.
Users cun now pIn u LweeL Lo
sLuy uL LIe Lop oI LIeIr Ieed, u
rure InsLunce oI TwILLer depurL-
Ing Irom LIe conLInuousIy roII-
Ing IormuL LIuL Ius dehned LIe
servIce.
TweeLs LIuL Iuve receIved
more reLweeLs or repIIes wIII
uIso uppeur sIIgILIy Iurger Lo
spur more user engugemenL.
TIe new IuyouL, wIIcI wIII be
uvuIIubIe Lo u smuII group oI us-
ers InILIuIIy, wIII be wIdeIy de-
pIoyed Lo TwILLer`s zq1 mIIIIon
users In LIe comIng weeks, LIe
compuny suId.
TwILLer reporLed IIgIer-LIun-
expecLed IourLI-quurLer rev-
enue on ebruury 6, buL Inves-
Lors Iocused on user growLI oI
jusL .8 percenL, LIe IowesL ruLe
oI quurLer-on-quurLer growLI
sInce TwILLer begun dIscIosIng
user hgures. TIe Sun runcIs-
co-bused compuny wenL pubIIc
In November.
n recenL weeks, TwILLer Ius
uIso reporLedIy been LesLIng
u number oI new udverLIsIng
unILs, sucI us uds LIuL IncIude
downIoud IInks Ior mobIIe upps.
As purL oI LIe reIresI, TwILLer
suId users wIII uIso be uIIowed
Lo seIecL u Iurge bunner pIcLure
Lo dIspIuy ucross LIe Lop oI LIeIr
prohIe puge, us weII us u mucI
Iurger prohIe pIcLure, Lwo Ieu-
Lures LIuL resembIe unoLIer so-
cIuI neLwork IumIIIur Lo mosL oI
LIe worId`s InLerneL users: u-
cebook.
A person hoIds a magnifying gIass over a computer screen dispIaying Twitter Iogos,
in this picture iIIustration taken in Skopje, Macedonia.
Twitter Inc ._ Twitter ....
~...:.~:. ~.~. ~~_.:.
._ .,:~....',_.._:_e ...
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e. ~ . . _~ .._ . .. . . .:.~:.
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Telenor Myanmar Makes First Test Calls
Phyu Thit Lwin
T
eIenor Myunmur suId LIe
hrm Ius successIuIIy cur-
rIed ouL LIe hrsL voIce
und vIdeo cuIIs und InLerneL ser-
vIce LIrougI ILs neLwork.
PeLLer urberg, cIIeI execu-
LIve oI TeIenor Myunmur, suId
LIe very hrsL pIone cuII on TeI-
enor`s Ive Core NeLwork Is u
mIIesLone Ior LIe hrm. TIIs
IndIcuLes TeIenor Ius mude bIg
sLrIdes In Lerms oI provIdIng
LeIecoms servIces In Myunmur.
TIe vIdeo cuII wus mude on
LIe hrm`s G neLwork Irom TeI-
enor DuLu CenLre, wIIcI Is zz
kIIomeLre Irom Yungon, Lo TeI-
enor Myunmur`s IeudquurLer In
Yungon`s BuIun LownsIIp, LIe
LeIecoms compuny suId.
L sIows TeIenor`s LImeIy
perIormunce us IL geLs cIoser Lo
LIe deudIIne. We ure conLInu-
Ing Lo seL up Lower IInes und we
ure conhdenL LIuL we cun oer
LIe LeIecoms InIrusLrucLure und
uordubIe servIces wILIIn LIe
promIsed LIme, urberg suId.
TIe NorwegIun hrm eurIIer
suId IL wIII hnIsI seLLIng up ILs
neLwork und sLurL provIdIng ILs
servIces wILIIn eIgIL monLIs oI
LIe grunLIng oI LIe LeIecom II-
cence. TeIenor, uIong wILI Qu-
Lur`s Ooredoo, In ebruury om -
cIuIIy receIved LIe IIcences Irom
LIe governmenL.
UnIon MInIsLer Ior CommunI-
cuLIons und nIormuLIon TecI-
noIogy U MyuL HeIn suId, um
proud LIuL TeIenor Ius reucIed
LIIs |LesLIng| IeveI wILIIn LIree
monLIs. L Is noL eusy Ior MPT
Lo do sucI kInd oI process wILI-
In LIe sLuLe`s budgeL. SLuLe-run
Myunmur PosLs und TeIecom-
munIcuLIons (MPT) wus LIe soIe
pIuyer In LIe LeIecoms secLor In
Myunmur beIore IL opened LIe
IndusLry up Ior IoreIgn hrms.
Now IocuI und IoreIgn op-
eruLors wIII compeLe wILI eucI
oLIer, wIIcI wIII uIIow users
Lo Iuve beLLer servIces uL Iower
prIces. TIe mInIsLry wIII uIwuys
Lry Lo IeIp uddress LIe operu-
Lors` Issues.
Core NeLwork Is goIng Lo
be LIe buckbone oI TeIenor`s
neLwork wIen IL sLurLs provId-
Ing LeIecom servIces Lo mo-
bIIe pIone. CIInese LeIecoms
compuny HuuweI Ius been up-
poInLed by TeIenor Lo esLubIIsI
LIe Core NeLwork uII over My-
unmur. OLIer neLwork vendors
Ior TeIenor IncIude Sweden`s
ErIcsson und ndIu`s WIpro.
SIngupore`s ApoIIo Towers und
rruwuddy Green TecInoIogy
wIII ucL us LIe hrm`s Lower mun-
ugers und operuLors.
Telenor Myanmar ._ , .~ ~ . ~
- Live Core Network .~..
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~ e .|~e ._., .: .~ . e .q.. . , .
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~e . ~, .~: ~ ~.,, .~: ..q~:
.~~.~~..q.~: ~_._eq.
....:..:_e..|~e''e ._.:._.
CoreNetwork ._ ~e . .,:.~
. e .q.~ , q~ -~. ~.~:, ._e.
_. .~e . e , .~ , q~ . ~, ..: . .:.
~ e...~.~.__e.._.
April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
28
IT & TELECOM
Myanmar Summary
Samsung Elecs Lower Q1 Estimate Highlights Smartphone Challenges
Se Young Lee
S
umsung EIecLronIcs Co
Ld on Tuesduy suId IL Is
on Lruck Lo posL ILs sec-
ond sLruIgIL quurLer oI prohL
decIIne, us murgIns In LIe key
smurLpIone busIness come
under growIng pressure Irom
cIeuper CIInese rIvuIs.
Sumsung Is counLIng on LIe
hILI versIon oI ILs ugsIIp GuI-
uxy S smurLpIone, wIIcI goes
on suIe gIobuIIy Irom AprII q,
Lo rIgIL LIe sIIp und prove LIe
hrm`s sLuyIng power us u IIgI-
end InnovuLor.
BuL LIe GuIuxy S Ius uIreudy
goL o Lo u weuk sLurL uL Iome,
wILI ILs SouLI Koreun debuL
murred by u Lemporury bun on
mobIIe currIers seIIIng IundseLs
und crILIcIsm LIuL IL Iucks eye-
cuLcIIng new IeuLures.
UnderscorIng LIe cIuIIenges,
Sumsung prIced LIe S ubouL
1o percenL cIeuper LIun LIe
Sq even LIougI muIn rIvuI Ap-
pIe nc Is noL wIdeIy expecLed
Lo upduLe ILs IIne-up unLII Sep-
Lember. L uIso dIuIIed buck on
murkeLIng gIILz Lo keep murgIns
sLubIe.
Sumsung esLImuLed ILs Junu-
ury-MurcI operuLIng prohL IeII
by q. percenL Lo 8.q LrIIIIon
won ($;.q6 bIIIIon).
TIe hgure wus beLLer LIun
8. LrIIIIon won IorecusL by
SLurMIne`s SmurLEsLImuLe,
wIIcI gIves greuLer weIgILIng
Lo more uccuruLe unuIysLs.
Sumsung esLImuLed ILs hrsL-
quurLer suIes uL LrIIIIon won,
compured wILI u murkeL Iore-
cusL oI q.8 LrIIIIon won. uII
quurLerIy resuILs ure IIkeIy Lo be
unnounced by AprII z.
TIe hrm guve no breukdown
oI mobIIe eurnIngs buL LIe unIL
LypIcuIIy generuLes ubouL ;o
percenL oI LoLuI prohL.
Cost cutti ng
AnuIysLs suId LIe compuny`s
eorLs Lo reIn In componenL
cosLs und muke producLs LIuL
uppeuI Lo u wIder uudIence wIII
be crucIuI us Sumsung bruces
Ior wIuL couId be ILs hrsL unnuuI
prohL decIIne In LIree yeurs.
n some sense, Sumsung Ius
no wuy Lo prevenL u decIIne In
ILs eurnIngs wILIouL ImprovIng
InLernuI emcIencIes, HMC n-
vesLmenL und SecurILIes unuIysL
Greg RoI suId.
SIures oI Sumsung, AsIu`s
mosL vuIuubIe compuny wILI u
murkeL cupILuIIsuLIon oI uround
$zoo bIIIIon, were uL In eurIy
Lrude IusL week, gIvIng up mucI
oI ILs guIns Irom u duy eurIIer
In LIe ubsence oI guIdunce sur-
prIses.
TIe sLock Is neurIy 1z percenL
o LIe record IIgI IIL In Junu-
ury IusL yeur, weIgIed by wor-
rIes over IIgI-end murkeL suLu-
ruLIon und compeLILIon Irom
Iow-end pIones mude by LIe
IIkes oI HuuweI TecInoIogIes
Co Ld.
SucI IeudwInds muy Increuse
pressure on LIe compuny Lo use
ILs cusI IoIdIngs Lo boosL Iun-
guIsIIng sIure prIces. Reuters
Samsung Electronics . ..~e,.
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Samsung ._ ,.- Galaxy
.....~~:. -_.. , q~~
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. ..: Samsung Galaxy 5S ._
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Samsung - ~, ,~|q . .~.~~ .
qq.._~_.~._ , ... , q:.
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q.e $ ... ' .e, .:
qq.._.Samsung ._ ,.-
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...~~e_..:.~..'..q...:.
_e. ..'.~q._.
Nokia wins Chinese approval
for Microsoft deal
Sakari Suoninen
N
okIu Ius won upprovuI
Irom CIInese compeLI-
LIon uuLIorILIes Lo seII
ILs mobIIe pIone busIness Lo
MIcrosoIL Corp wILIouL Iuv-
Ing Lo cIunge ILs muIn LecInoI-
ogy puLenL prucLIces, IL suId IusL
week.
TIe InnIsI compuny ugreed
In SepLember Lo seII ILs ug-
sIIp busIness Lo MIcrosoIL In u
.q bIIIIon euro ($;.q bIIIIon)
deuI. However, IL kepL ILs puLenL
porLIoIIo, vIewed by unuIysLs us
u promIsIng source oI IuLure
growLI.
NokIu`s unnouncemenL senL
ILs sIures up .1 percenL Lo .qq
euros us InvesLors Iud Ieured
CIInese reguIuLors couId de-
mund LougI IuLure condILIons
Ior NokIu`s puLenLs busIness.
NokIu suId IL sLIII expecLed
LIe MIcrosoIL deuI Lo cIose LIIs
monLI buL wouId noL commenL
on wIIcI upprovuIs were sLIII
needed beIore LIuL.
TIe deuI Ius receIved LIe
green IIgIL Irom oLIer reguIu-
Lors IncIudIng In LIe UnILed
SLuLes und Europeun UnIon.
SucI upprovuIs ure needed due
Lo LIe sIze oI LIe LrunsucLIon
und LIe compunIes` presence In
LIe dIerenL murkeLs.
NokIu suId IL Iud pIedged Lo
Ionour IuIr, reusonubIe und
non-dIscrImInuLory (RAND)
puLenL IIcensIng prIncIpIes, buL
udded LIuL IL Iud noL been uc-
cused oI unIuIr prucLIces.
No uuLIorILy Ius cIuIIenged
NokIu`s compIIunce wILI ILs
... underLukIngs reIuLed Lo
sLundurd-essenLIuI puLenLs or
requesLed LIuL NokIu muke
cIunges Lo ILs IIcensIng pro-
grum or royuILy Lerms, IL suId
In u sLuLemenL.
NokIu, wIIcI once domInuLed
LIe gIobuI mobIIe pIone busI-
ness, IoIds u porLIoIIo oI ubouL
o,ooo LecInoIogy puLenLs -
some essenLIuI Ior mobIIe com-
munIcuLIons - wIIcI unuIysLs
Iuve suId couId be worLI be-
Lween bIIIIon und 1o bIIIIon
euros.
TIe CIInese upprovuI Iud
been u quesLIon murk, nderes
unuIysL MIkueI RuuLunen suId.
TIere were some worrIes LIuL
AsIun uuLIorILIes wouId Luck on
uddILIonuI condILIons Lo NokIu
puLenLs, wIIcI wouId Iuve
weukened NokIu`s prohL oppor-
LunILIes.
Fees
GoogIe und Sumsung Iud
usked CIInese reguIuLors Lo en-
sure LIuL LIe deuI wILI MIcro-
soIL wouId noL Ieud Lo IIgIer
IIcensIng Iees, uccordIng Lo me-
dIu reporLs.
NokIu und MIcrosoIL boLI dIs-
mIssed suggesLIons LIuL LIey
couId seek Lo ubuse LIeIr posI-
LIon us u IoIder oI muny puL-
enLs essenLIuI Lo mobIIe pIone
sLundurds.
As we ... pIun Lo conLInue Lo
Ionour our RAND underLuk-
Ings In LIe IuLure, we ure pre-
pured Lo voIunLurIIy reumrm
NokIu`s conLInuIng commIL-
menL Lo RAND IIcensIng prIn-
cIpIes, NokIu suId, uddIng LIuL
IL Iud gIven LIe sLuLemenL Lo LIe
CIInese commerce mInIsLry.
MIcrosoIL suId IL Iud pIedged
noL cIunge ILs muIn puLenL II-
censIng prucLIces Ior eIgIL
yeurs.
L Ius never been our InLenL
Lo cIunge our prucLIces uILer we
ucquIre LIe NokIu busIness,
DuvId Howurd, MIcrosoIL vIce
presIdenL Ior IILIguLIon und un-
LILrusL, wroLe on LIe US com-
puny`s bIog. Reuters
Myanmar Summary
A woman looks at advertisements promoting Samsung Electronics' Galaxy Note 3 smartphone at the company's headquarters
in Seoul.
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A model displays the Lumia 1320 smartphone during its launch in Abu Dhabi.
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Nokia ._ Microsoft Corp .
,.~- ..e,...,..q:.~e.
~ ..,_.._:.....:q~
.~.:. _.._...q .q:...
qq q, ~,~ ~:~:. .:. . ..:
~_.~qq.._~:. -_.....~
~~. ._.:_~:..._.
_...._ .~~:.~ e.,
~.~._ ,.~-..,..:.~:.
Microsoft . e,. ... , .,.
..'.: ... , . e ,_e .q: ..
q, ..:~ _ . ._ .. ..: , .-
....:.~:. ..~~.:.qq,
..:~_.._.
Nokia - ~..|~_.,.._~:
, .-q e e:.:.._ , ... ~ q:.
.,. e, ... , ~_.~~._..
q .. ._. . . . .:.._ ~, ~ ~e ~._ .
.:.- Nokia . . . ~~ ~ ~,:~
~ .. .e . .:.q .:. ._~: . . .q .
..:.q.._.
April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
IT & TELECOM
29
Myanmar Summary
Myanmar Summary
Qualcomm Talks Up Future Top-Tier Smartphone Chip
Noel Randewich
Q
uuIcomm guve deLuIIs
IusL week ubouL u IuLure
IIgI-end smurLpIone
cIIp, IncIudIng IusLer downIoud
speeds us weII us 6q-bIL LecI-
noIogy, wIIcI Is quIckIy becom-
Ing sLundurd.
Due Lo uppeur In smurLpIones
In zo1, LIe Snupdrugon 81o Is
QuuIcomm`s IuLesL bId Lo use ILs
edge In wIreIess LecInoIogy Lo
muInLuIn ILs murkeLsIure Ieud
In semIconducLors Ior mobIIe
devIces.
TIe 81o cIIp IncIudes new,
IusLer WII IeuLures us weII us
u qG modem LIuL QuuIcomm
suys downIouds duLu uL LwIce
LIe speed oI cIIps mude wILI ILs
prevIous LecInoIogy.
TIe cIIp uIso uIIows Ior vIdeo
recordIng und pIuybuck uL qK
uILru-IIgI resoIuLIon.
oIIowIng AppIe`s IuuncI IusL
yeur oI ILs hrsL IPIone mude
wILI u 6q-bIL processor, QuuI-
comm und oLIer cIIpmukers
Iuve been rusIIng Lo roII ouL
LIeIr own 6q-bIL LecInoIogy,
wIIcI reduces LIe gup beLween
Iow-power mobIIe processors
und puncIIer cIIps used In Iup-
Lops, deskLop PCs und servers.
QuuIcomm Is unnouncIng ILs
newesL cIIp beIore LIe preced-
Ing cIIp In ILs IIgI-end IIneup,
LIe 8o, Ius even begun Lo up-
peur In smurLpIones. TIe 8o
Is due Lo uppeur In smurLpIones
uround mId-zo1q.
CurrenL smurLpIones, IncIud-
Ing AppIe`s, do noL Iuve enougI
memory Lo gIve 6q-bIL proces-
sors un udvunLuge over more
wIdeIy used z-bIL cIIps, buL
IuLure pIones wIII be mude wILI
enougI memory Lo gIve LIe 6q-
bIL processors u perIormunce
boosL.
BeIore 6q-bIL IeuLures cun be
Luken udvunLuge oI In pIones,
LIe soILwure und operuLIng sys-
Lems LIey reIy on wIII uIso Iuve
Lo be overIuuIed, u mujor un-
derLukIng Ior LIe IndusLry.
QuuIcomm In December un-
nounced ILs hrsL 6q-bIL cIIp,
purL oI ILs Iow-end IIneup und
uImed Ior use LIIs yeur In In-
expensIve smurLpIones In LIe
IusL-growIng CIInese murkeL.
We`re busIcuIIy suyIng IL`s dII-
hcuIL Lo cuII exucLIy wIen 6q-bIL
operuLIng sysLems und uppIIcu-
LIons wIII become muInsLreum,
buL by InLegruLIng LIem now
we`re IuLure-proohng uII oI our
pIuLIorms goIng Iorwurd Ior LIe
benehL oI our (cusLomers), Ex-
ecuLIve VIce PresIdenL MurLIy
RenducIInLuIu LoId ReuLers.
QuuIcomm domInuLes LIe
murkeL Ior udvunced qG wIre-
Iess LecInoIogy und ILs Snup-
drugon cIIps ure wIdeIy used In
smurLpIones mude by Sumsung
EIecLronIcs, MoLoroIu, HTC und
oLIer munuIucLurers.
BuL LIe Sun DIego, CuIIIornIu
cIIpmuker Iuces u smurLpIone
murkeL LIuL Is begInnIng Lo
grow Iess quIckIy.
SmurLpIone demund Is sIIIL-
Ing Irom LIe UnILed SLuLes und
oLIer deveIoped counLrIes,
wIere Lop-LIer pIones IIke LIe
IPIone Iuve become ubIquI-
Lous, Lo CIInu, wIere consum-
ers Lend Lo buy Iess expensIve
devIces wILI Iower-end dIspIuys
und oLIer IeuLures.
AILer IncreusIng q percenL
IusL yeur, smurLpIone sIIp-
menLs ure expecLed Lo expund
by 1q percenL In zo1q, und
growLI Is expecLed Lo conLInue
Lo sIow, IuIIIng Lo jusL 6 percenL
In zo18, uccordIng Lo murkeL re-
seurcI hrm DC.
CIIeI ExecuLIve Omcer SLeve
MoIIenkopI Ius LoId InvesLors
wIo ure worrIed ubouL u Iess
vIgorous smurLpIone murkeL
LIuL QuuIcomm`s IuLure cIIp
InnovuLIons wIII drIve IresI de-
mund Ior smurLpIones.
Reuters
Qualcomm ._ 64-bit ,_ .
._:_e ~ . . :...: download
.,. ._.,._ ~,e._~...~e,.
smartphone Snapdragon ~~ ~
~~ . . . ~ . . . :.._ _e. ._~: .
.q._.
810 chip ~ . _., ._ WiFi
. 4G modem .|~_.. download
. , .._ e. ~ . . .. . _., ._~: .
. q._ . _. video recording .
playback ....:q,~~~ 4K
ultra-high resolution .|~._~:.
.q._.
e. ~ . . ._ apple's e , .~.|
~~ smartphone ~._ 64-bit
processor ~~~ memory ~.
~..:~ ..... _~..: ._. ~,:~
e , ..:.~ . . ..: .~ _. .:...q,
.|q ._ _e. ._~: .. q._ .
Microsoft Ends Windows XP Support, Hackers May Be Lurking
Jim Finkle
M
IcrosoIL Corp reIeused
ILs hnuI securILy up-
duLes Ior WIndows XP
und Omce zoo on AprII 8 us
securILy experLs wurned users
LIuL LIey couId soon be prIme
LurgeLs Ior cyber uLLucks II LIey
do noL ubundon LIe producLs.
SecurILy experLs udvIse con-
sumers und busInesses Lo eI-
LIer repIuce compuLers run-
nIng WIndows XP or upgrude Lo
modern versIons oI MIcrosoIL`s
soILwure wILIIn LIe nexL monLI
becuuse LIey wIII no Ionger be
proLecLed Irom newIy dIscov-
ered LIreuLs uILer LIe mIddIe oI
Muy.
MIcrosoIL uuLomuLIcuIIy roIIs
ouL new securILy upduLes on LIe
second Tuesduy oI eucI monLI,
wIIcI Is known us PuLcI Tues-
duy, u duy wIen LIey uIso pub-
IIsI LecInIcuI deLuIIs on LIe se-
curILy bugs LIey ure hxIng. TIe
nexL PuLcI Tuesduy Is Muy 1.
SecurILy experLs suy LIey be-
IIeve Iuckers wIII sLudy LIuL
duLu und reverse engIneer
LIe Muy PuLcI Tuesduy soIL-
wure upduLes Lo IdenLIIy wuys
Lo uLLuck compuLers runnIng
WIndows XP, uIong wILI Omce
zoo, wIIcI wIII no Ionger re-
ceIve puLcIes Irom MIcrosoIL.
ALLuckers wIII use LIIs us un
ucceIeruLor. L`s un eusIer wuy Lo
geL uL mucIInes, suId WoIIgung
Kundek, cIIeI LecInoIogy omcer
wILI cybersecurILy hrm QuuIys
nc.
MIcrosoIL wunLs users Lo move
Lo more modern versIons oI LIe
operuLIng sysLem purLIy becuuse
IL Ius IncorporuLed new securILy
IeuLures InLo LIe soILwure over
LIe pusL decude LIuL muke IL Iur
more eecLIve In LIwurLIng cy-
ber uLLucks.
TIe worId`s IurgesL soILwure
muker hrsL wurned LIuL IL wus
pIunnIng Lo end supporL Ior
WIndows XP In zoo;, buL secu-
rILy hrms esLImuLe LIuL 1 Lo z
percenL oI LIe worId`s PCs sLIII
run on LIe versIon oI LIe oper-
uLIng sysLem LIuL wus reIeused
In OcLober zoo1.
OnIy ubouL u LIIrd oI LIe
worId`s z.z mIIIIon ATMs wIIcI
use LIe sysLem Iuve been up-
gruded Lo newer operuLIng sys-
Lems, uccordIng Lo NCR, one oI
LIe bIggesL ATM mukers.
Reuters
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Microsoft Corp's Windows XP software products are displayed at a shop in Seoul.
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Microsoft Corp ._ ~,..
~~.~.q.~~~ ~.~...~_e.
.:. ._ Windows XP .
2003 ~~~ .,:~.. ._..q.
~.:~~~~:. -_.. q~.,
~ _e,_e..~_.e .q._.
. _. .q.. q:._:q .:.._ . ..
. .:.. . .. :..q.. . , ..:.~:. ...
.e .,:~ . .~ . _. .q.. q:
.:~ . . q. . .._ Windows XP
~. ._. :.._ ~ , . ~:.:.~:.
._.:..q, ..e~ .,:~..~
-:.q ..:.. .:._ .~~ . ._.: ..
q, ~_~...:.._.
Microsoft . . .. . .:.~:. .,:~ . .
~.,..:.. ._.:..q, ..:.
.~q_.. ~..|.,..:.. ._..q.
.q: ~.:~~..:.~:.._..
~..~q._.
April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
SOCIAL SCENES
30
A Hindu devotee walks on burning embers. U Aung/Xinhua
A Hindu devotee walks on burning embers. U Aung/Xinhua A child celebrates a traditional Hindu festival. U Aung/Xinhua
A child celebrates a traditional Hindu festival. U Aung/Xinhua
Hindu devotees celebrate. U Aung/Xinhua Hindu devotees celebrate. U Aung/Xinhua
Hindu Festival in Yangon
Launch of British International School Yangon @ the
residence of the UK Ambassador to Myanmar
An artist from China performs.U Aung/Xinhua An artist from China performs.U Aung/Xinhua An artist from China performs.U Aung/Xinhua
An artist from China performs.U Aung/Xinhua
An artist from China performs.U Aung/Xinhua
"Experience China"- Myanmar Tour in Nay Pyi Taw
Artists from China perform. U Aung/Xinhua Artists from China perform. U Aung/Xinhua
Artists from China perform. U Aung/Xinhua Artists from China perform. U Aung/Xinhua
Guests pose for a photo. Wai Linn Kyaw
Andrew Patrick, British Ambassador to
Myanmar, gives his speech. Wai Linn Kyaw
Guests pose for a photo. Wai Linn Kyaw
Adam Johnson, headmaster of British
International School Yangon, gives his
speech. Wai Linn Kyaw
Ross Cormack (M), CEO of
Ooredoo, poses for a photo
with guests. Wai Linn
Kyaw
April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
CLASSIFIEDS
31
April 24-30, 2014
Myanmar Business Today
mmbiztoday.com
32
ENTERTAINMENT
THE YANGON POP-UP PROJECT: MYANMARS FIRST POP-UP CONCEPT OPENS
Gallery, retail and dining components feature Phyoe Kyi exhibition and Myanmar Made
M
yunmur`s hrsL pop-up
concepL, TS1 Yungon,
opened Lo LIe pubIIc
on AprII 6, In TrunsIL SIed No.1
beLween unLIIL JeLLy und Ku-
Ing Dun No.1 JeLLy In LIe IeurL
oI downLown Yungon.
n keepIng wILI LIe pop-up
concepL, spreudIng In popuIur-
ILy LIrougIouL InLernuLIonuI
IocuIes IncIudIng Europe und
LIe US, TS1 Yungon wIII IeuLure
dIerenL exIIbILIons In LIe
guIIery spuce, dIerenL reLuIIers
In LIe reLuII spuce und dIerenL
menus In LIe resLuurunL spuce;
uII poppIng-up und roLuLIng
In reguIurIy. AII conLenLs ure
Myunmur Iocused, buL wILI u
LwIsL.
ocuLed In LIe cenLre oI one
oI SouLIeusL AsIu`s mosL re-
nowned und busLIIng cenLers oI
excIunge, TIe Yungon Pop-Up
ProjecL IncIudes LIree dIsLIncL
spuces Ior commerce, cuILure
und cuIsIne.
TIe concepL, deveIoped by
Pun & ProjecLs, uIms Lo IurLIer
connecL Myunmur wILI LIe
gIobuI communILy und speur-
Ieud urbun renewuI und cuI-
LuruI excIunge In LIe counLry.
UILImuLeIy, LIIs projecL wIII
be used us u demonsLruLIon oI
LIe possIbIIILIes Ior downLown
Yungon`s rejuvenuLIon und un
IIIusLruLIon oI Iow u genuIne
coIIuboruLIon by peopIe wILI
dIsLIncLIve skIIIs und voIces -
be LIey IocuI or InLernuLIonuI,
urLIsLIc or cuIInury, urbune or
unpoIIsIed - cun be merged
Phyu Tit Lwin
Lo creuLe noL jusL u momenL,
buL u movemenL Lo revIve LIIs
IIsLorIc neIgIbourIood Lo ILs
IuII poLenLIuI, suId vun Pun,
Iounder oI Pun & ProjecLs.
TIe cuILure componenL oI LIe
Yungon Pop-Up ProjecL`s Is TS1
GuIIery, wIIcI opened wILI un
exIIbILIon oI work by ceIebruL-
ed Myunmur urLIsL PIyoe KyI.
TIe seIecLIon oI PIyoe KyI us
TS1`s hrsL urLIsL-In-resIdence
exempIIhes LIe guIIery`s mIs-
sIon Lo enIunce LIe repuLuLIon
oI Myunmur urLIsLs und encour-
uge creuLIvILy comIng ouL oI LIe
counLry. ocusIng on conLem-
porury urL medIums sucI us
puInLIngs, desIgn, perIormunce,
cruIL, und pIoLogrupIy, TS1 Is
sIuLed IoId up Lo seven exII-
bILIons wILIIn LIe nexL yeur,
IeuLurIng up Lo 1 urLIsLs Irom
uII over Myunmur.
TIe reLuII componenL oI
TIe Yungon Pop-Up ProjecL
opens wILI Myunmur Mude,
Iocused on sIowcusIng LIe
mosL InLeresLIng producLs
Iound In Myunmur Loduy.
MercIundIse Ius been cureIuIIy
seIecLed Lo promoLe LrudILIonuI
cruILsmunsIIp buL desIgned
wILI u IresI perspecLIve.
BoLI TS.1 GuIIery und Myun-
mur Mude wIII be open Lo LIe
pubIIc duIIy, Monduy LIrougI
Sunduy, 1oum Lo 8pm.
TIe cuIsIne componenL, PorL
AuLonomy ResLuurunL und Bur,
wIIcI Is seL Lo open IuLer LIIs
sprIng, Is expecLed Lo reecL
LIe eLIos oI LIe projecL und
Iocus on creuLIng u gusLro-
nomIc experIence LIuL Is ubouL
LIe excIunge oI Ideus beLween
Myunmur und LIe worId.
TIe concepL wIII revoIve
uround Myunmur sLreeL Iood
reInLerpreLed In InnovuLIve
und modern wuys Lo reecL
LIe LrudILIons und uvours oI
IocuI cuIsIne, buL IncorporuLIng
eIemenLs InspIred by LIe worId
beyond.
n uddILIon Lo LIe LIree
uncIor componenLs, LIe spuce
wIII uIso pIuy IosL progrummes
oI cuILuruI und socIuI ucLIvILIes,
poLenLIuIIy IncIudIng: commu-
nILy educuLIon, concerLs, IILer-
ury reudIngs, perIormunces,
screenIngs, Lrunk sIows und
worksIops.
Myanmar Loans Ancient treasures to New York
A
Iundmurk exIIbILIon
recenLIy opened In nexL
week expIorIng LIe
uncIenL kIngdoms oI SouLI-
eusL AsIu und InLroducIng Lo
LIe ouLsIde worId LIe hrsL
Lreusures Irom Myunmur seen
ubroud.
TIe MeLropoIILun Museum
oI ArL spenL hve yeurs prepur-
Ing LIe exIIbILIon oI HIndu-
BuddIIsL scuIpLures Irom u
regIon und uncIenL cuILure IILLIe
known In LIe UnILed SLuLes.
L IeuLures 16o sLone, Lerru-
coLLu und bronze scuIpLures oI
wIIcI zz ure Irom Myunmur,
LIe hrsL pIeces oI urL Iouned by
Yungon uILer emergIng Irom
decudes oI InLernuLIonuI IsoIu-
LIon.
TIe resL Irom CumbodIu,
MuIuysIu, TIuIIund, VIeLnum,
BrILuIn, runce und eIsewIere
Pann Nu In LIe UnILed SLuLes compIeLe
un exIIbILIon LIuL onIy LIe vusL
resources oI LIe MeLropoIILun
couId puII o.
MosL oI LIese powerIuI
works oI urL Iuve rureIy II ever
been on vIew ouLsIde LIeIr
Iome counLrIes, suId LIe
MeL`s BrILIsI dIrecLor TIomus
CumpbeII.
We ure Ionored LIuL LIe
governmenL oI Myunmur Ius
sIgned ILs hrsL-ever InLernu-
LIonuI Ioun ugreemenL In order
Lo Iend LIeIr nuLIonuI Lreusures
Lo LIIs exIIbILIon. TIe beuu-
LIIuIIy presenLed und puInsLuk-
IngIy curuLed osL KIngdoms:
HIndu-BuddIIsL ScuIpLure oI
EurIy SouLIeusL AsIu LI Lo 8LI
CenLury, opens nexL Monduy
und runs unLII JuIy z;.
Around 6.z mIIIIon peopIe
vIsILed LIe MeL In eucI oI LIe
IusL Lwo yeurs, u new uudIence
Ior LIese uncIenL Lreusures
und Ior Myunmur, wIIcI onIy
emerged Irom InLernuLIonuI
suncLIons In zo1z.
CuruLor JoIn Guy suId SouLI-
eusL AsIu wus dIsmIssed by
uncIenL geogrupIers us LIuL
pIuce beyond ndIu und beIore
CIInu, buL produced some oI
LIe greuLesL HIndu und Bud-
dIIsL urL Lo survIve.
TIe exIIbILIon Lrucks LIe
perIod wIen boLI IuILIs Look
rooL In LIe regIon Irom n-
dIu, ubsorbed InLo IocuI beIIeI
sysLems und gIvIng rIse Lo LIe
nuLIon sLuLes oI Loduy.
L Look Lwo yeurs - u Iong
und rIgorous process - Lo
negoLIuLe LIe Iouns Irom uII LIe
counLrIes, Guy LoId AP.
Myunmur Is new uL LIIs und
Iuve Lo suy LIey beIuved In
un exLruordInurIIy proIessIonuI
munner, Ie udded.
BeIore comIng Lo New York,
some objecLs Iud LruveIed onIy
once: by curL Irom LIe uncIenL
cILy oI SrI KseLru wIere LIey
were excuvuLed In 1qzq-z6 Lo
LIe IocuI museum.
As In LIe cuse oI severuI oLIer
counLrIes, cubIneL-IeveI up-
provuI wus requIred.
SouLIeusL AsIun counLrIes
ure emergIng economIes und
Myunmur Ius emburked upon
wIde-rungIng reIorms sInce
LurnIng LIe puge on hve dec-
udes oI junLu ruIe LIuL kepL LIe
counLry ImpoverIsIed.
Guy suId LIe regIon couId
expecL spIn-o benehLs sucI us
enIunced LourIsm und cuILuruI
cooperuLIon.
WIen LIe exIIbILs reLurn Lo
Myunmur In AugusL, Ior exum-
pIe, Lwo conservuLors wIII go
Lo work on objecLs LIuL In LIe
end were deemed Loo IrugIIe Lo
LruveI Lo New York.
As ImporLunL us LIe exIIbI-
LIon Is, we wouId never puL u
sIngIe objecL uL rIsk, suId Guy,
un experL wILI zo yeurs` experI-
ence und conLucLs In LIe regIon.
WIIIe muny oI LIe musLer-
pIeces come Irom CumbodIu,
TIuIIund und VIeLnum, LIe
sLundouL conLrIbuLIon Irom
Myunmur Is u sIxLI cenLury
sundsLone sIub LIuL covered u
reIIc cIumber In SrI KseLru.
Guests at the launch of TS1 Yangon.
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Artist Phyoe Kyi Myanmar Made.