Thura Swiss NewsViews Issue 335

Issue 335 Sep 27, 2018
Thura Swiss Ltd.

Thura NewsViews Economic Research
Shwe Hinthar B 307
Politics 6 1/2 Miles Pyay Road
11 Qtr. Hlaing Tsp.
◼ UK Foreign Minister completes Myanmar visit Yangon, Myanmar
Jeremy Hunt, the United Kingdom’s Foreign Secretary, last week completed a
Myanmar Economics and Politics
two-day visit to Myanmar, where he travelled to northern Rakhine State, met

Phone +95 (0)1 654 730
with State Counsellor Daw Aung San Suu Kyi, but was denied a meeting with
Fax +95 (0)1 654 733
senior members of the military. Hunt spoke of the need for justice and ac-
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countability for last year’s crackdown in Rakhine State, adding that if no such
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mechanism can be established by Myanmar, then the international communi-
ty must look at all options, including referring the case to the International September Highlights
Criminal Court (ICC). “The latter would need the support of the [UN] Security
Myanma Economic Bank will
Council, which it may not get, so we need to look at other options too,” he
lend MMK 250 billion to well
was quoted as saying by the Myanmar Times. His visit came shortly after the established local small and medi-
UN Fact-Finding Mission released its report, which was highly critical of last um-sized enterprises (SMEs)
year’s military crackdown in Rakhine State. At a press conference on Friday,
The former Mandalay Region
government spokesperson U Zaw Htay criticized the FFM report, saying it
Government has turned over the
could lead to tensions within Myanmar. “Tremendous pressure is being put on first installment - K500 million
the government, which might hinder our democratic transition,” he said. (US$312,832) of K3 billion in un-
used development funds
According to the National Plan-
ning Bill signed by the President
Thura NewsViews has received a facelift. We are now online and
on 21 Sep 2018, Myanmar tele-
post our articles throughout the week. Visit us on: communications sector is ex-
pected to grow by 15 percent
newsviews.thuraswiss.com between Oct 2018 and Sep 2019
Weekly Newsletter
This newsletter was written by Thura Swiss Research. Thura Swiss Research is non-partisan and expresses no other views than those of its author(s). These
views may be subject to change in the future without any obligation on the part of Thura Swiss to reflect these changes in the current publication. The
information contained in this publication has been obtained from public sources and Thura Swiss is not responsible for its accuracy. The information in the
publication does not constitute provision of investment advice.
Thura NewsViews 27.09.2018
Economy Myanmar in Figures

◼ Myanmar becomes member of rubber producing bloc GDP (PPP): $330.88bn (2017)
Myanmar has become the 13th member of the Association of Natural Rubber GDP (official ex.rate): $59.5bn (Jan 2018)
Producing Countries (ANRPC), an inter-governmental organisation that aims to
GDP growth rate: 7.23% (2017)
help countries improve the quality of its rubber products. According to a report
in Tire Business, Myanmar produced 242,000 metric tons of natural rubber for Population: 52.92 mn people (Oct 2017)
the 12 months that ended in June 2018, making it the ANRPC’s seventh largest Inflation: 6.5% (2017)
producer. An estimated 90 percent of the world's natural rubber is produced by Foreign trade: $29.2bn (2016-2017)
ANRPC countries. Myanmar typically exports about 150,000 tons of natural rub-
FDI: $75bn (31/12/2017)
ber, the article said. Myanmar’s rubber market has significant potential, experts
say, but has areas of improvement, especially when it comes to yield. Myanmar International reserves: $5.2bn (Jan 2018)
is expected to attend the annual rubber conference, which will take place in CBM rate Kyat/$ = 1570K/1$ (70/09/18)
Thailand’s Chiang Rai in mid-October.
◼ New Yangon City to provide 2 million jobs

A planned major city development in western Yangon expects to create an esti-
mated two million jobs in 12 labour-intensive sectors, according to a report in
the Myanmar Times. The article cited a new Socio-Economic Master Plan for the
New Yangon City project, which said that the “main goal” of the project is to
create two million “new and not substitute” jobs. “To do so, we will need to
build 1,000 factories which will employ 2,000 workers each,” Serge Pun, CEO of
New Yangon Development Company (NYDC) was quoted as saying. Daw Aye Aye
Khine, head of planning for NYDC, said that the strategy for providing so many
jobs would be to focus on attracting labour intensive businesses to establish
operations in the new city, planned on thousands of acres of land on the west-
ern bank of the Yangon River. Sectors to be targeted, according to the report, For advertising with
include garment manufacturers, food processors and furniture makers, as well Thura Swiss please
as chemical and pharmaceutical companies, automotive makers, and metal and
mineral companies.
contact us by email
info@thuraswiss.com
Companies and Investments
◼ Yoma Fleet to begin heavy equipment rental service or by phone
Weekly Newsletter
Yoma Fleet, a branch of Yoma Strategic Holdings, has entered into an exclusive
+95 (0)1-654 730
partnership agreement with Myan Shwe Pyi Tractors Limited (MSP CAT), the
authorized dealer for Caterpillar branded heavy equipment in Myanmar, ac-
Please note that our advertise-
cording to an article in Mizzima. The report said that Yoma Fleet will initially
ment contracts are based on a
finance MSP CAT’s existing rental portfolio of 71 pieces of heavy equipment, 63
subscription of a minimum of 4
of which are Caterpillar machines, at a cost of about US$7 million. “At a time
when we are anticipating a huge pick-up in infrastructure build-out as well as a weeks.
resurgent mining sector, we expect this partnership to provide scalable financial
returns for our Yoma Financial Services division in the years to come,” Yoma
Strategic CEO Mr Melvyn Pun was quoted as saying. The move comes at a time
that the government says it is planning to move ahead with significant infra-
structure development projects across the country. Plans include power sta-
tions, ports, industrial zones as well as upgrades to existing transportation net-
works, including roads and railways.
◼ Trust Venture Partners takes minority stake in research firm

Trust Venture Partners (TVP), a Yangon-based financial advisory firm, is to take a minority stake in research company
Frontier Myanmar Research (FMR), with a focus on Japanese clients, according to an article in the Myanmar Times.
According to the report, TVP will exclusively distribute FMR’s subscription services on energy, financial services, real
estate and transport infrastructure to businesses in Japan. The report said the two companies aim to combine FMR’s
research experience with TVP’s advisory services to help support domestic and foreign investors in Myanmar, as well
as local companies hoping to increase funds. “Once Myanmar’s financial market gains more momentum, the demand
for related financial services such as corporate analysis reports will increase,” Shinsuke Goto, TVP’s chief executive
officer, was quoted as saying.
◼ Feasibility studies for poultry processing plants carried out

According to a report in Myanmar Business Today, local and foreign companies are currently carrying out feasibility
studies for poultry processing plants. In a briefing to the Yangon Regional Parliament, Yangon Mayjor U Maung Maung
Soe said that investors would have to take into account local residents’ concerns, including those related to
wastewater. Regional parliamentarian U Yan Shin said that current techniques of poultry killing are inhumane and
unhygienic. “We need [a] poultry processing plant to produce healthy food,” Yan Shin was quoted as saying in the
report. There are currently four poultry markets in Yangon, where live poultry transported across the country is sold,
the report said.
Weekly Newsletter
Events
Name Details Organizer/Ministries Contact Information
Medical Myanmar Venue: Novotel Yangon Fireworks Trade Media myanmar@asiafireworks.com

Max Pte Ltd +95 (0) 1 377381
Date: 10-12 Oct 2018 +95 (0) 9 250175661
International Congress of the Venue: Sedona Hotel, Yan- PRCP and Myanmar credential@prcp2018.org
Pacific Rim College of Psychi- gon Mental Health Society
atrists (PRCP) and Myanmar Date: 26-28 Oct 2018
Mental Health Conference
Myanmar Orthopaedic Scien- Venue: Novotel Yangon Myanmar Orthopaedic con-

tific Conference and ASEAN Max, Yangon Society gress.secretariat.aoa@myanmarortho
Orthopaedic Congress Date: 07-09 Nov 2018 paedicsociety.org
+95 (0)1 2305858
International Franchise & Venue: Sedona Hotel, Yan- BizLink Exhibition Ser- IFBO@bizlink.com.sg
Business Opportunities gon vices Pte Ltd
(IFBO) Myanmar 2018 Date: 08-10 Nov 2018
The 2nd Myanmar Textile Venue: Sedona Hotel, Yan- Myanmar Garment +86 21 8026 0707-818
Summit 2018 gon Manufacturers Associ- dennisz@ecvinternational.com
Date: 12-13 Nov 2018 ation & ECV Interna-
tional
Myanmar LPG trade Summit Venue: Melia Hotel, Yangon Centre for Manage- huiyan@cmtsp.com.sg
Date: 15-16 Nov 2018 ment Technology
+65 634 69113
5th Myanmar Power Summit Venue: Melia Hotel, Yangon Centre for Manage- grace@cmtsp.com.sg
ment Technology
Date: 15-16 Nov 2018 +65 634 69147
Weekly Newsletter
Myanmar Offshore Summit, Venue: Yangon Organizing Committee http://www.myanmaroffshore.org/en/

Conference and Exhibition Date: 13-14 Dec 2018 of MOSCE, Supported Event_Agenda.aspx
by EuroCham
Invest Myanmar Summit Venue: MICC-II, Nay Pyi Union of Myanmar +95(0)1 231 4344 ~ 49
2019 Taw Federation of Cham- umfcci@mptmail.net.mm
Date: 08-09 Jan 2019 bers of Commerce and
Industry (UMFCCI)
Mobile Money & Agent Bank- Venue: Yangon Magenta Global Pte +65 6846 2360
ing Summit Date: 19-20 Feb 2019 Ltd enquiry@magenta-global.com.sg
Tenders
◼ Ministry of Transport and Communications: Procurement of Goods
1. The Government of Myanmar has received financing from the World Bank toward the cost of the Ayeyarwady
Integrated River Basin Management (AIRBM) Project.
2. The implementing partner - Ministry of Transport and Communications, Directorate of Water Resources and
Improvement of River Systems (DWIR), AIRBM Project, Project Management Unit (PMU) intends to apply part
of the proceeds toward payments under the contract for Supply and Installation of river level monitoring
stage boards: Upgrades of 71 Hydrological Stations of Department of Meteorology and Hydrology (DMH),
thus now invites sealed bids from eligible bidders.
3. To be considered eligible and qualified, a firm or individual must -
a. Have completed within the last 3 years at least one contract of a similar kind of work (culverts and/ or
small scales bridges and/ or minor works on river banks (the contract value must be at least 25% of the
value of the bid;
b. Not be under any notice of disbarment issued by the Government, or the World Bank;
c. Have valid company registration certificate;
d. The Goods will be delivered to 71 places as indicated in Bidding Document under Table 4.3: List of Final
Destination.
4. Bidding will be conducted through the Shopping Procedures as specified in the World Bank’s Guideline: Pro-
curement of Goods, Works and Non-Consulting Services under IBRD Loans and IDA Credits & Grants by World
Bank Borrowers dated January 2011 (revised July 2014) (“Procurement Guidelines”), and is open to all eligible
bidders as defined in the Procurement guidelines.
5. Interested eligible bidders may obtain further information from
Ms. Ei Kyipyar Soe or Mr. Aung Min, PMU Procurement Officers’
No. 400, DWIR Compound,
Office (Building 7),
Lower Pazundaung Road, Postal Code 11171,
Pazundaung Township, Yangon, Myanmar
Telephone: +95(0)9 263 657 191 or +95(0)9 505 8307
Email: eikyipyarsoe@gmail.com; aungminaung1977@gmail.com; procurement-unit@airbm.org; and inspect
the bidding documents during office hours from 9 a.m. to 4 p.m. at the address given above.
6. A complete set of bidding documents in English may be obtained free of charge by interested eligible bidders
Weekly Newsletter
from the address above.

7. Bids must be delivered to the address above on or before 29th October 2018 at 2 p.m. Late bids will be reject-
ed.
8. Bids will be publicly opened in the presence of the bidders’ designated representatives and anyone who
choose to attend at the address above on 29th October 2018 at 2 p.m.
9. All Bids must be accompanied by a Bid-Securing Declaration.
◼ Yangon Region Government: Open Tender

1. The Department of Rural Development under the Yangon Region Government invites interested local parties
to develop a Master Plan for the upgrade of National Races Village in Thaketa Township
2. Expression of Interest (EOIs) application shall be submitted as follows within office hours:
a. EOI application selling date: 26.09.2018 onward
b. EOI closing date: 26.10.2018
c. EOI submission deadline: 28.12.2018
d. EOI submission selling and submission venue:

No. 245, Than Lyat Soon Street, Botahtaung Township, Yangon
e. Detailed information can be obtained under the number +95(0)1 901 0650, +95(0)9 504 6043 at the Tender
Committee, National Races Village, Department of Rural Development, Yangon Region.
◼ Ministry of Construction: Invitation for Bids

1. The Republic of the Union of Myanmar has received financing from the Japan Fund for Poverty Reduction (JFPR)
administered by Asian Development Bank (ADB) toward the cost of Pro-Poor Community Infrastructure and
Basic Services Project.
2. The Department of Urban & Housing Development under the Ministry of Construction (“the Purchase”) invites
sealed bids from eligible Bidders for the purchase of solid waste vehicles for delivery in Yangon and Mandalay
(“the Goods”).
3. National Competitive Bidding will be conducted in accordance with ADB’s single stage-one envelope procedure
and is open to all Bidders from eligible countries as described in the Bidding Document.
4. Interested bidders must have specific experience and capabilities as follow:
• Financial Situation: Minimum average annual turnover of MMK 415 million, calculated as total certified pay-
ments received for contracts in progress or completed within the last 3 years.
• Contractual Experience: Successful completion as main supplier of similar equipment within the last 3 years
of at least 1 contract with value at least MMK 166 million.
5. Bidding documents in English can be purchased from the address above on payment of a non-refundable fee of
15,000 MMK.
6. Deliver your bid to the address above on or before the deadline as specified above together with a Bid Security
as described in the Bidding Document. Bids will be opened immediately after the deadline for bid submission in
the presence of Bidders’ representatives who choose to attend.
7. To obtain further information and inspect the bidding documents, Bidders should contact the Project Manage-
ment Unit Head at the following address:
Daw Khin Thi Thi, Project Management Unit Head,
Superintending Engineer, Urban Infrastructure Planning Development Division,
Department of Urban and Housing Development, Ministry of Construction,
2nd Floor, 228-234 Bogyoke Aung San Road,
Botahtaung Township, Yangon, Myanmar
8. The Purchaser will not be responsible for any costs or expense incurred by Bidders in connection with prepara-
Weekly Newsletter
tion or delivery of bids.

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Issue 335 Sep 27, 2018

Thura Swiss Ltd.

two-day visit to Myanmar, where he travelled to northern Rakhine State, met

Economy Myanmar in Figures

◼ New Yangon City to provide 2 million jobs

◼ Trust Venture Partners takes minority stake in research firm

◼ Feasibility studies for poultry processing plants carried out

Name Details Organizer/Ministries Contact Information

Medical Myanmar Venue: Novotel Yangon Fireworks Trade Media myanmar@asiafireworks.com

Myanmar Orthopaedic Scien- Venue: Novotel Yangon Myanmar Orthopaedic con-

Myanmar Offshore Summit, Venue: Yangon Organizing Committee http://www.myanmaroffshore.org/en/

from the address above.

◼ Yangon Region Government: Open Tender

d. EOI submission selling and submission venue:

◼ Ministry of Construction: Invitation for Bids

tion or delivery of bids.

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