Myanmar Business Today - Vol 2, issue 3

MYANMAR’S FIRST BILINGUAL BUSINESS JOURNALmmbiztoday.com January 16-22, 2014 | Vol 2, Issue 3

Myanmar Summary

Myanmar Summary

Contd. P 6...

Josh Wood

Tax reform may not be sexy, but Myanmar’s

consolidation. A combination of well-intentioned reforms and

position. If the current methods

structured quickly, a debt crisis is a real possibility.

At present, Myanmar’s public debt as a percentage of gross

cially estimated at 45.7 percent,

Myanmar, with its long history of instability and economic mis-management, could maintain the good graces of global capital markets if public debt remained

Contd. P 6...

Myanmar One of The Top Countries to Invest in 2014, But Risks Remain

Th e only country to signifi cantly improve its risk profi le last year: analysts

Kyaw Min

Msaid in a report.

(LRERA), Maplecroft said Myanmar has made strides through reforms to address issues such as corruption, rule of law, the regulatory framework, respect for property rights and corporate

LRERA scoring system,” said the report.

clarity around essential issues such as foreign ownership limits and land leasing rules.

Contd. P 22...

Contd. P 22...

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Fiscal Crisis Looms Over MyanmarSans Public Finance Reforms

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January 16-22, 2014Myanmar Business Today

mmbiztoday.com

2LOCAL BIZ

Myanmar Summary

MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL

Board of EditorsEditor-in-Chief - Sherpa Hossainy

Reporters & WritersSherpa Hossainy,Kyaw Min, Shein Thu Aung,

Phyu Thit Lwin, Htet Aung,

Su Su, Aye Myat, Daisuke Lon, Yasumasa Hisada

Art & DesignZarni Min Naing (Circle)

DTPMay Su Hlaing

TranslatorsShein Thu Aung, Phyu Maung

AdvertisingTay Zar Zaw Win, Seint Seint Aye, Moe Hsann Pann

Advertising Hotline - 09 7323 6758

Managing DirectorPrasert Lekavanichkajorn

[email protected]

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PhoneEditor - 09 42110 8150

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PublisherU Myo Oo (04622)

No. 1A-3, Myintha 11th Street,

South Okkalapa Township, Yangon.

Tel: 951-850 0763,

Fax: 951-8603288 ext: 007

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Tel: (662) 6158625-33 Fax: (662) 6158634

Distributor (Bangkok)

Subscription & CirculationAung Khin Sint - [email protected]

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Package for Myanmar

In a string of generous aid packages Japan

$100 million (¥10 billion) in additional aid to Myan-mar to support the coun-try’s peace process and help national reconcilia-

At a press conference in Yangon, Japanese Am-bassador Mikio Numata said Tokyo plans for the

Phyu Thit Lwinanmar’s war-torn ethnic areas.

The aids will be contributed through Japanese NGOs running in Myanmar and upon

ethnic groups. Nippon Foundation

Chairman Yohei Sasakawa, who co-hosted the press conference, said he saw the need for help during

Adam

Dean/N

Y Tim

es

“I saw the refugees and they told me they do not

cine or shelter,” Sasakawa said. “First of all, we will

and staple medicines.”The fund will be ex-

tended only after cease-

the security of the work groups who are to work in

ing Kachin state where armed clashes are still

taking place, he said.

billion in foreign debt owed by Myanmar and

bridge loan to clear the Southeast Asian nation’s arrears with international

After decades of military

nic rebel groups, Myan-mar has begun a process of political reform and

with former combatants.

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3January 16-22, 2014LOCAL BIZ

Myanmar Summary

Myanmar Business Todaymmbiztoday.com

The Myanmar

paring to submit its state budget bill for

March) to the ongoing parliament sessions for

The State Budget Bill 2014 and Taxation Bill 2014 are also expected to be submitted, according

The 9th parliament ses-sions resumed on January

Financial Commission in Nay Pyi Taw last week that more funds could be allocated to the local

enues of more than K16

billion), he said, adding

ment shared about K1.5

and loaned more than K25 billion ($25.5 mil-lion) to them.

The estimated gross do-mestic product (GDP) for 2014 is K66.197 trillion ($67.55 billion), accord-

earned the rest. Of the total expenditure, the

Aye Myat

the rest.In the upcoming

the health and educa-tion sectors would see increased budget alloca-tion, stressing the need to

to tax payers if more tax

The president also dis-closed that in the coming

employees’ salaries will be raised along with pen-sion and other allowances on a proportional basis.

drawing up a “people-centred plan” in a bid to

year 2014-15, he said.

commission that the plan will conform to the need of Myanmar and its politi-cal, economic and social relations with neighbour-ing countries.

human resources, and double domestic produc-

der to reach an 8 percent gross domestic product growth.

sectors as industry, agriculture, infrastruc-ture, energy, mining,

communication.Myanmar’s draft national

plan for 2014-15 targets

the agriculture sector, 10.4 percent in the industry sec-tor and 12.4 percent in the

The goal for growth of

percent for Yangon, 12.4 percent for Mandalay and 28.2 percent for Nay Pyi Taw.

The International Monetary Fund in its recent country report said Myanmar’s economy will grow 6.75 percent in the

by natural gas sales, construction and foreign

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mmbiztoday.comLOCAL BIZ 4

Myanmar Summary

Scomi Energy Wins

Contracts in Myanmar

Mformerly known as Scomi Marine Bhd, has secured two contracts worth $27.9 million from Petronas

solid control, well bore cleanout, drilling waste management

The contract awards are for a period of three years. SESB expects work to start with PCMI in July.

“We are pleased to work together with Petronas once again

area for SESB, the company said.

Petronas, PTTEPI and Daewoo.With this award, SESB’s operations continue to grow in

Myanmar and push the group’s orderbook to $1.58 billion.

Htet Aung

Using ‘Myanmar’ Diplomatic Courtesy: US

Shein Thu Aung

Tname Myanmar instead of Burma as a “diplomatic courtesy” to the Asian country, the State Department said last week, in a sign of reconciliation.

Myanmar’s military junta

name to “Myanmar” in 1989, saying that the old term “Burma” was a legacy of British colonialism and implied that the country belongs only to the ethnic Burman majority.

The opposition and exiles

seeing it as a symbolic step to create an entirely new country,

in solidarity by calling the na-tion Burma.

State John Kerry twice referred the Southeast Asian country as “Myanmar” in a statement marking the country’s inde-

pendence day. The statement made no mention of “Burma.”

Deputy State Department

reporters that “it continues to

refer to the country as Burma,” according to an AFP report.

the country as Myanmar as a diplomatic courtesy,” she added, citing President Barack

in 2012 when he alternated between the two.

“I don’t think there’s a confu-sion,” she said.

In October, Kerry said the longtime pariah state’s dra-matic political reforms were “exciting” but still “incomplete.”

As part of its reconciliation with Myanmar, which included

and ended most economic sanc-tions on the resource-rich and strategically placed country.

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Myanmar Summary

Susan W

alsh/Reuters

LOCAL BIZ 5January 16-22, 2014

Myanmar Summary

Contd. P 19...


Completes first rights issue; demand drives additional public offering

First Myanmar

-ment holding company in Myanmar, has started to issue an additional 250,000 new ordinary shares to the public citing

from existing sharehold-ers and a “broad interest” from the public.

The company started

Thursday last week at a price of K10,000 ($10.15) each, it said in a statement.

On January 8, FMI com-pleted the rights issue of 2,500,000 new ordinary shares at an issue price of K10,000 per shares to existing shareholders. Shareholders were enti-tled to subscribe for one

Kyaw Min new ordinary share for

shares held. -

10 business days, and FMI said the public can place their subscriptions through the FMI Share Department and Trading Centre by 6pm on Janu-ary 22.

Shares will be allotted

basis and subject to the sole discretion of the board on the allotment, the company said. Pro-ceeds from the additional share issuance will be

growth and expansion of existing businesses of the FMI group of companies, it said.

“Our decision to launch more shares is due to the

the public, and this is a strong testament to the

has for FMI’s long-term

Wai, chairman of FMI. “The additional share

market capitalisation and enlarge its shareholder

opportunities for more Myanmar nationals to be part of FMI’s growth and success as we embark on a number of transfor-mational projects in the country.”

The capital raised from

company projects that in-clude the Thilawa Special Economic Zone (SEZ), in which FMI has committed to subscribe for between 5 and 9 percent of the Myanmar consortium.

Other projects include the expansion of existing operations in the tourism

the building up of FMI Air following the grant of a temporary air opera-

in Meeyahta Interna-

mixed used property de-

Yangon comprising two

a retail shopping mall, a

high-end condominium. “We want to further

strengthen our cash posi-tion so that we can proac-

operations and create start-up opportunities in the next two to three

who is also the chairman of Yoma Bank.

The funds raised from

also be used to help in-crease the paid up capital of Yoma Bank.

Last month, FMI, along with Yoma Strategic

companies to distribute

are underway to construct a 46-room international standard hotel with con-ference and banquet

Golf Estate, FMI said.

Contd. P 19...

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Foreign Bank Operations by 2014 “Unlikely”

Fdiscussion and no exact time has been set, a top

“We are still holding dialogues about the issue [of foreign banks operating in Myanmar]. The reports that foreign banks will be allowed to operate in 2014 through JV with local banks are absolutely wrong,” the

Myanmar Business Today on condition of anonymity.

-tor more and we are waiting for the Currency Law and

-

“You need proper laws, rules and procedures to launch foreign banks. The Currency Law is still on the way to be enacted. So, it is unlikely that foreign banks

of Myanmar, said.Myanmar entrepreneurs say it is impossible for local

the interest rate is also high. “If foreign banks can start their operations local businesses will start growing,” an entrepreneur said.

Phyu Thit Lwin

Myanmar Summary

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and a tax-to-GDP ratio of only

-

There is growing concern that the rents on which public debt has so far been kept at bay

present system of tax and spend is reformed and regularised, Myanmar’s credit rating will start to sink.

The biggest worry for Myan--

from natural resources. Thanks to a rich endowment of natural gas, oil, jade, precious gems,

upon foreign export earnings.Gas sales alone account for an

estimated 15 percent of GDP.

are at present strong, they -

guard against mounting public

nature, demands a rethink of

strategies.

better managed? It is a question with multiple answers, few of them easy and hardly any of them popular. But President Thein Sein and his ministers

slightest hint of a debt crisis

will lead to a quick drying up of the existing trickle of foreign

In the 18 months remaining in Thein Sein’s term, the army

-

reasonable changes to ensure

term. Simultaneously, he must sustain the reformist momen-

his administration – as well as continue the longer-term pro-jects, many of them necessar-

be undertaken before the 2015

Introduced with lukewarm ap-

much-needed legal framework

Myanmar. To encourage foreign

the passage of the Myanmar

-ment is certainly fairer but also short-sighted. Now, both local

possibility of an extension thereafter. For a country with no consumption taxes and a rarely enforced income tax

system, the amended foreign

suicide.

would be the introduction of greater transparency within the

-mar are not centrally collected and accounted for by the Min-

from state-owned enterprises

of gems, exploitation of oil and gas, running public utilities and undertaking industrial farming

-try of Mines, the Ministry of Oil and Gas and so on.

then authorised to allocate the

passing on the remainder to the

and contributes to Myanmar’s perennial abysmal position in global corruption rankings.

-ous junta are suspected of di-recting millions of unaccounted for dollars towards family and crony businesses through their powerful positions, draining

gain.

and for the sake of justice and

must be reformed. Centralised

be asserted, the estimated thousands of other ministerial accounts must be put on public record, and SOEs must be liable to same rules and taxes which

To be sure, such a transforma-tion will take time. But a simple publishing of each minister’s budgets, the contracts they un-

SOEs would go a long way to-

-

direction.

put capital into Myanmar; they

and may momentarily attract the interest of foreign capital, a debt crisis would quickly send

inadequate infrastructure is the most pressing concern of

Myanmar. The country clearly needs new and better roads, more power, and new and expanded ports to sustain long-

transparency and a more rea-sonable taxation system would

the risk of future default and

Josh Wood is a Visiting Re-search Fellow at the Myanmar Development Institute’s Centre for Economic and Social De-velopment (MDRI-CESD). He also manages the Crawford School’s Myanmar Develop-ment Program at the Austral-ian National University.

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Govt Employees to Get Pay Hike

Temployees starting the

Shein Thu Aung

-dent said.

According to an announce-

Thein Sein at a Financial Com-mission meeting in the capital

salaries will be increased by K20,000 ($20) in the coming

in April.“Those carrying out the du-

increased allowance from time to time. The increase follows

Sein, who is also chairman of the commission, said.

Pensions and other allow-ances will also be increased proportionately, he added.

The proposed pay rise will be submitted to the upcoming par-

This is the third time Presi-

2011.

Myanmar Summary

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xdkifrIp&dwfrsm; jrifhwufvmrIudkumrd&ef ESifh vlaerItqifhtwef;wdk;wufvmap &eftwGufjzpfaMumif; or®wOD;odef;pdef

u ajymMum;cJhonf/aejynfawmfü jyKvkyfaom b@ma&;

aumfr&SifawGUqHkaqG;aEG;yG JwpfckwGif or®wOD;odef;pdef\ xkwfjyefaMunm csuft& {NyDvwGif pwifaom vmrnfh 2014-15 b@ma&;ESpfwGif tpdk;& 0efxrf;rsm;\vpmrsm;taejzifh usyf aiG 20000 (tar&duefa':vm 20) txd ydkrd k&&SdvmrnfjzpfaMumif;vnf; od&onf/ EdkifiH\wm0efudk xrf;aqmif aeaom 0efxrf;rsm;taejzifh tcsdef tydkif;tjcm;tvdkuf vpmwdk;jr§ifhrIrsm;udk cHpm;&&S doGm;rnfjzpfaMumif;vnf; od&onf/

tpdk;&0efxrf;rsm;\ vpm&&SdrIenf; yg;vQif4if;wdkY\vlrItouf&SifaexdkifrI b0tcuftcJrsm;udkajz&Sif;&mwGifydkrdk tMuyftwnf;ESif hawGUBuHK&Ed kifovdk tusifhysufjcpm;rIrsm;vnf;&S dvmEdkif onf/,ckuJhodk YEd kifiH hwm0eftm;xrf; aqmifaeaomtpdk;&0efxrf;rsm;tm; vpmwdk;jrSifhay;rIaMumifh 0efxrf;rsm; taejzif hvnf;y d kr d kaumif;r Ge faom vlaerIb0udkzefwD;vmEdkifrnfjzpfovdk tusif hysufjcpm;rIrsm;vnf;avsmhyg; oGm;vdrfhrnfyifjzpfonf/

7January 16-22, 2014




Myanmar Summary

Chinese Ambassador to

last week stressed on the

(fraternal) friendship and strengthening of win-win coop-eration with Myanmar.

Yang made the remarks in his speech at Myanmar Institute for Strategic and International Studies (MISIS) in Yangon.

Speaking on China-Myanmar relations, Yang said mutual ben-

the main tone of the relations between the two countries.

strain in China-Myanmar rela-tions following the Southeast Asian nation’s unprecedented political and social transforma-

Noting that China’s neigh-bourhood is crucial to its securi-

Yang said the new generation of the central leadership of China attaches great importance to the surrounding areas and pe-ripheral diplomacy.

peaceful, stable and prosperous

that China will use its economic -

with Myanmar on hosting the recently-concluded 27th

Southeast Asian Games has strengthened the two countries’ relations.

In terms of building China-Myanmar relations, the am-bassador raised a four-point proposal: to continuously deepen mutual strategic trust, to continue to expand mutu-

Aye Myatto further expand people-to-people contact and cultural

strengthening coordination and cooperation international and

Yang said China always sup-

-

of peaceful coexistence,” which were initiated by China, Myan-mar and India in 1950s.

“The Chinese side always respect the choice and decision made by the Myanmar people in terms of political system and

interfere in Myanmar’s internal

cooperation in recent years has maintained a good momentum

“China wants to see a peace-ful, stable and prosperous My-anmar which is in line with the interest of the people of Myan-mar, China and other countries in the region,” he said.

-

assumption of ASEAN chair-

will continue to be expanded between the two countries, he added. Myanmar, Japan to Work on

Communications, Postal Services

Myanmar and Japan will cooperate in a range of sectors including com-

sectors.It was discussed when Myan-

Communication Minister of Japan Yoshitaka Shindo in Nay Pyi Taw.

They also discussed Japan’s -

nancial assistance to strengthen Myanmar’s police force and conducting technical courses for Myanmar.

the Japan-Myanmar Parlia-mentarian Friendship League Ichino Aisawa focused on My-anmar’s cooperation with the Japan International Coopera-

loan from Japan.

Su Su JICA has been cooperating with Myanmar in building in-frastructural projects and pro-

the ODA loan and assistance.The Japanese aid projects

and airports as well as urban

Myanmar Summary

U A

ung/

Xin

ha

Kiyoshi O

ta/Japan Times

jrefrmEd ki fiHESif h *syefEd ki fiHwd k Yonf qufoG,fa&;ESifh pmydkY0efaqmifrIu@rsm;tygt0if u@toD;oD;ü yl;aygif; aqmif&GufoGm;rnfjzpfaMumif; od& onf/

Ed ki fi Hawmfor®w OD;ode f;p de fonf *syefEdkifiH\ jynfxJa&;ESifhqufoG,fa&; 0efBuD; Yoshitaka Shindo ESif haejynf awmfwGif awGUqHkaqG;aEG;cJhaMumif;vnf;od&onf/xdkYtjyif jrefrmEdkifiH\ &Jrsm; tm; enf;ynmESif h aiGaMu;taxmuf tyHhrsm;udpö&yfrsm;ESifh oifwef;ay;tpD tpOfrsm;udk *syefEdkifiHrS axmufyHhay; &eftpDtpOfrsm;udkvnf; aqG;aEG;cJhMu aMumif; od&onf/

jrefrmEdkifiHqdkif&mw½kwfoHtrwfjzpfonfh Yang Houlan onf ESpfEdkifiHcspf Munf&if;ESD;rIESif h ESpfOD;ESpfzuftusKd;rsm; aponfh yl;aygif;aqmif&GufrIrsm;udk rSwfcsufay;ajymMum;cJhaMumif; od& onf/

Yang taejzifh &efukef&Sd MyanmarInstitute for Strategic and International Studies (MISIS) wGif

onf/w½kwf-jrefrmqufqHa&;taMumif; tm; ajymMum;&mwGif ESpfEdkifiHpvHk;tusKd; cHpm;&NyD; ESpfOD;ESpfzuf aumif;usKd;&&Sd apaom yl;aygif;aqmif&GufrIrsm;onf jrefrmEdkifiHESifh w½kwfEdkifiHwdkY\ t"du

ajymMum;cJhonf/ xdkYjyif vGefcJhonfh 2 ESpfcefYrSpí

tm;oGefcGefpdkufBudK;yrf;aqmif&GufcJhonfh jrefrmEdkifiH\ EdkifiHa&;ESif hvlrIa&;jyKjyif ajymif;vJrIrsm;taMumif;udkvnf; ajym Mum;cJhonf/



VDB Loi, a My-anmar law and

doubled its presence in the country by becoming

with a fully operating of-

statement.

present in Yangon since 2012, where it employs

up its existing Nay Pyi

support hub to a fully

its strategy of meeting clients’ needs for prompt

ernment decision makers.

ministries to follow, some of which we need to talk to on a daily basis. There is just nothing like ac-tual face-to-face, personal contact. You need to be in Yangon for your clients, but you need to be in Nay Pyi Taw to get the client’s

managing partner Jean Loi said.

“Time is essential on

that we can speed up the process considerably by

where so many decisions

are made.”Edwin Vanderbruggen,

VDB Loi’s partner in charge of Myanmar, said: “Our clients need constant support in the capital, particularly at the outset of their project. We

were able to secure prem-ises that are extremely central and spacious.”

including those focusing on MIC permits, import

and operating licences. “We will also be running

cal assistance work for the

out of the capital,” Edwin added.

VDB Loi had assisted

bidders in last year’s tel-ecommunications licence tender, as well as tower companies and network

to one of the two licence winners, Ooredoo, the

and operating licences. Another area VDB Loi

has focused on for the past year was oil and gas. It assisted three of the “supermajors” with deepwater plays, and

giant Woodside on its two farm-in transactions.

and energy engagements,

Kyaw Min such as the Thilawa Spe-

ment projects, while its use real estate projects.

VD

B L

oi

Oya'ESifhtBuHay;vkyfief;wpfck jzpfonfh VDB Loi onf jrefrmEdkifiH\ tkyfcsKyfa&;NrdKUawmf aejynfawmfwGif vkyfief;aqmif&GufcGifhtjynfht0&&Sdxm;onfh ½Hk;wpfck&Sdaeovdk jrefrmEdkifiH twGif; yxrOD;qHk;EdkifiHjcm;Oya' vkyfief;wpfckvnf;jzpfonf/ ,if;tjyif jrefrmEdkifiHü vkyfief; &yfwnfrIudkvnf; ESpfqwdk;í aqmif&GufcJhaMumif; od&onf/

2012 ckESpfuwnf;upí tqdkygvkyfief;rSm &efukefwGif &SdaecJhNyD; Oya'tusKd;aqmifESifh tBuHay;rsm; cefYrSef;OD;a& 30 txdudk tvkyfcefYtyfum aqmif &GufcJhonf/,cktcg VDB Loi taejzifh ,cifu Oya'a&;&mESifh tBuHay;0efaqmifrIrsm;udk taxmuftyHhtenf;i,fom ay;EdkifcJhonfh tajctaerSonf vkyfief;tm; tjynfht0udkifwG,f aqmif&GufcGifh&Sdonfh½Hk;wpfcktjzpf zGifhvSpfEdkifcJhjcif;jzifh azmufonf rsm;\vdktyfcsufrsm;udk jznfhqnf;

Myanmar Summary ay;Edkifvmrnfjzpfovdk tpdk;&ydkif; rS qHk;jzwfcsufcsrSwf&olrsm;txd vnf; xdawGUvmEd ki frnfjzpf aMumif; od&onf/

VDB Loi taejzifh vdkufem aqmif&Guf&rnfh 0efBuD;Xmeaygif; 'gZif 2 cktxd&SdaeNyD; tcsKdU 0efBuD;Xmersm;ESifh awGUqHkpum;ajymqdk&ef vdktyfaMumif;? azmuf onfrsm;twGuf &efukefwGif&Sd ae&ef vdktyfovdk azmufonf rsm;\ tpDtpOfrsm; NyD;ajrmuf atmifjrifap&eftwGuf aejynf awmfwGifvnf;&Sd&efvdktyfaMumif; vkyfief;\tBuD;tuJwpfOD;jzpf olJean LoiuajymMum;cJh onf/

VDB Loi \ tzGJU0ifwpfOD; jzpfonfh Edwin Vanderbruggen u ½Hk;topftaejzifh vkyfief; aqmif&GufrIrsm;udk us,fus,f jyefYjyef Yaqmif&GufoGm;rnfjzpf aMumif;? jrefrmh&if;ES D ; jr§Ky fES HrI aum fr&Si f\ cGif h jyKc sufrsm;? oGif;ukefvkdifpifrsm; tp&Sdonfhtcsufrsm;udkvnf; tm½k Hp d kuf vkyfaqmifoGm;&rnfjzpfaMumif;ajymMum;cJhonf/



Myanmar Summary

Contd. P 11...

Reu

ters

Take Part in Myanmar’s Policy Making Process

MThein Sein has urged --

ment’s policy making process by

projects.

partners as “stakeholders”

Sein stressed the need to build mutual trust between

management committee and international donors.

and tactics best suited for a lo-cal context.

At a meeting of the Central Committee for Foreign Aid in Nay Pyi Taw last week, the

-lation that makes up 70 percent of the total are priorities in the

scheme.

has been working on its frame-work on economic and social

Sein said it has set accessibility of electricity and water, agri-

-

priorities for the last 26 months of the current presidential term.

grants, loans and technical

-

Shein Thu Aung jects funded by international

According to the president, Myanmar will organise the

Cooperation Forum later this month.

-

reached $44.21 billion as of

Myanmar enacted a new for--

ber 2012, replacing a 24-year old similar law, with sweetened terms and tax breaks for foreign

Oil Booms in Myanmar Despite Political Challenges

Global energy sources

been inextricably linked since the dawn of the industrial

world another reminder of the relationship between the two.

Myanmar, still known as Burma by many, was ruled for

junta that kept it isolated from -

nomic sanctions were imposed

and while some Western en-ergy companies were criticised by human rights groups for helping the regime elude the sanctions, Myanmar’s economy was by and large stagnant and its considerable natural energy resources largely untapped.

But recent liberalisation, recognized by President Obama

beginnings of unfettered oil and gas exploration. Myanmar

-es industry by the ironic name of the “Stalin basin” – enough to put it among the world’s top

few dozen producers despite its current status as a net importer.

companies that will be allowed

While American companies

for the rights – encouraged by Washington, which has so publicly signalled its blessing of Myanmar’s liberalization ef-forts – others are urging a more cautious attitude.

For one thing, critics say the Burmese economy is widely regarded as rife with cronyism: many worry that the contracts

of the country’s elite. And human

Myanmar, despite its reputation as a home of tranquil Buddhism, is in fact a hotbed of seething tribal and religious tensions, some of which occasionally erupt

that the pattern of energy de-

Another possible complicat-ing factor in Myanmar’s oil and gas picture comes from Aung San Suu Kyi, the Nobel

Prize-winning dissident who, following liberalisation, is now a member of Parliament and a possible candidate for president in 2015. While gener-

gas production, she has also

country’s resources for domes-tic use, rather than for export. That could change the econom-ics of exploration and drilling,

Western companies.As a consequence, not all

-tite for rapidly increasing their trade with Myanmar: many are waiting for more signs that the commitment to democracy is

that the country’s many minor-ity groups are protected as

like to see happen. Myanmar, then part of the British Empire,

1880s. Most want to see it return quickly to the global stage, though only after human rights and other concerns are accommodated. MIT Technology Review Custom

Phyu Thit Lwin

Atotal of 414,007 foreign -

mar’s famous Shwed--

cent from a year earlier and also

the pagoda’s Board of Trustees.

the Shwedagon Pagoda in 2012.Visitor numbers to the pa-

goda in 2010 was 175,054, and

“Shwedagon Pagoda is a must-see for all the tourists. People

here daily. We hope we’ll get

Kying, a member of Shwedagon Pagoda Board of Trustees, said.

from countries such as Brazil, China, Finland, Germany, India, Portugal, South Korea,

pagoda.

designated as $8 per head.The Shwedagon Pagoda

Myanmar Summary

EdkifiHawmfor®w OD;odef;pdefu zGHUNzdK;wdk;wufa&;rdwfzufrsm;tm;vHk;udk tpdk;& \ rl0g'a&;&mvkyfief;pOfrsm;wGif a'o qdkif&mzGHUNzdK;wdk;wufa&;pDrHudef;rsm;wGif ueOD;aqmif&GufrIjzifh yg0ifvkyfaqmif Mu&ef wdkufwGef;cJhaMumif; od&onf/

rdwfzufrsm;[k qdk&mwGif axmufyHh ulnDolrsm;qdkonfxuf yl;aygif;yg0ifaqmif&Gufolrsm;udkqdkvdkNyD; tpdk;&\ EdkifiHjcm;taxmuftyHhtultnDrsm; pDrHcefYcGJa&;aumfrwDESifh tjynfjynfqdkif &mrS axmufyHhulnDolrsm;tMum;wGif ESpfOD;E Spfzuftjye ftvSe f,Hk MunfrI wnfaqmuf&ef vdktyfaMumif;vnf; or®wOD;odef;pdefrS ajymMum;cJhonf/

xkdYjyif jynfwGif;ESifhudkufnDaom zGHUNzdK; wdk;wufa&;r[mAsL[mrsm;ESif h enf;pepf rsm;\ ta&;ygyHkudkvnf; ajymMum;cJh aMumif; od&onf/jynfytaxmuftyHh rsm;tultnDqdkif&mA[dkaumfrwDtzGJU \awGUqHkaqG;aEG;yGJudk vGefcJhonfhtywf wGif aejynfawmfü jyKvkyfcJhNyD; or®w OD;odef;pdefrS qif;&JEGrf;yg;rIavQmhcsa&; ESifh aus;vufa'orsm;\ vlrIpD;yGm;zGHUNzdK; wdk;wufrIrsm;twGuf BudK;yrf;aqmif&GufoGm;&rnfjzpfaMumif; ajymMum;cJhonf/

urÇmvHk;qdkif&m pGrf;tift&if;tjrpftrsm;ESifh urÇmvHk;qdkif&mEdkifiHa&;tajc taersm;rSm cGJjcm;ír& wpfckESifhwpfck ESifhqufEG,faeMuonfrSm pufrIacwf \a&mifeDopfay:xGufptcsdefrS ,ckwdkif yifjzpfonf/ jrefrmEdkifiH\ zGHUNzdK;wdk;wuf rIrsm;rSmvnf; pGrf;tift&if;tjrpfu@wGif tvm;tvmaumif;rsm;udk zefwD; ay;aeonf/

jrefrmEdkifiHtaejzifh ppftpdk;&\ zdESdyf csKyfcs,frIatmufwGif q,fpkESpfrsm;pGm

Myanmar Summary &yfwnfcJh&NyD; tjcm;urÇmhEdkifiHrsm;ESifh vnf; tquftoG,fjywfawmufcJh& onf/ tD;,lESifh tar&duefwdk YrSvnf; jrefrmEdkifiHtay: pD;yGm;a&;ydwfqdkYrIrsm; jyKvkyfcJhonf/

jrefrmEdkifiH\ pD;yGm;a&;wdk;wufrIrSm tcsdeftMumBuD;&yfwefYcJh&NyD; ,cktcg pGrf;tift&if;tjrpfrsm;rSm tjcm;EdkifiH rsm;\pGrf;tifukrÜPDrsm;twGuf rsufpd usp&myifjzpfvmcJhonf/ tar&duef EdkifiH\ or®wOD;odef;pdefonf vGefcJh onfhESpf Edk0ifbmvwGif jrefrmEdkifiHodkYa&muf&SdvmcJhNyD; jrefrmEdkifiH\ jyKjyif

ajymif;vJrIrsm;u a&eHESifhobm0"mwfaiGU&SmazGa&;vkyfief;rsm;udk pdwf0ifpm; vmapEdkifatmif aqmif&GufEdkifcJhonf/

tpdk;&taejzifh ,cktcg pGrf;tif t&if;tjrpfrsm;tm; azmfaqmifí zGHUNzdK; wdk;wufrI&S dvmatmif aqmif&GufEdkif rnfhukrÜPDrsm;tm; vkyfudkifcGifhay;&ef twGuf ukrÜPDrsm;tm; aemufqHk;a&G;cs,foHk;oyfrIrsm; jyKvkyfaeonf/tar &duefukrÜPDrsm;taejzif h vkyfief;tcGifh tvrf;&&Sd&eftwGuf txl;BudK;yrf;cJh MuaMumif;vnf; od&onf/

2013 ckESpfwGif jrefrmEdkifiH\ txif u&jzpfNyD; ausmfMum;vSaom a&Twd*Hk apwDawmfodkY EdkifiHjcm;c&D;oGm;a&muf&SdvmrIpkpkaygif;ta&twGufrSm 414007 OD; &S daMumif; od&NyD; q,fpkESpfwpfcktwGif; trsm;qHk;a&muf&Sdvmjcif;yifjzpfaMumif; a&Twd*HkapwDawmf\ a*gyutzGJUrSajym Mum;csuft& od&onf/

accommodates hundreds of colourful temples, stupas and

-tectural era spanning almost 2,500 years.



Kyaw Min

new passport issuing centres in Myanmar last week in addition

Yangon and Mandalay.

regions of Myanmar, and also in the country’s capital Nay Pyi

of the Passport Department, said.

of attempts taken by the Pass-port Department since 2012 to make it easier for Myanmar citizens to get a passport, which

-

A Myanmar citizen will now be able to get a passport in 10 days at a cost of K25,000 ($25), down from 21 days and K50,000 ($50) required earlier.

K19,000 at Myanma Economic Bank and pay K6,000 for

-

Viv

ek P

raka

sh/R

eute

rs

Myanmar Summary

cessing and application forms,

In the past, passport issuing and renewing process was mired in red-tapes, bureaucracy and corruption, while many applications were arbitrarily rejected.

2012, the depart-ment decided to

of new passports

years without pay-ing extra.

In March last year, the authori-ties introduced a host of new measures aimed at simplifying the process to obtain passports which included cancelling one aspect which forced applicants

to pay money towards an educa-

tion authority when applying for a passport as compensation for

Also, in September the pass-port department introduced counter-corruption measures including allowing people to submit complaints to the pass-

are asked for bribes in order to

Zeya said.

getting medical care, a passport will be issued within three to

-ment said. The department is

-ery of passports for applicants

Myanmar currently issues

religious, work, student, de-pendent, seafarer and business.

Myanmar will stick to the 1967 demarcation of the Indian border

though a major Indian political party has talked about annexing the Kabaw Valley, Presidential spokesman and Deputy Infor-

There are growing concerns among the local people in bor-der town Tamu as India’s BJP party is pledging to annex the region if it wins in the upcoming general elections.

Su Su

border area that remains to be demarcated.

India suspended construction of an integrated check post

-ary 2, the Foreign Ministry an-nounced in state-run daily the New Light of Myanmar. Teams from both sides carried out land

India’s construction of the so called ICP near the border

pillar-78.Myanmar signed a demarca-

tion agreement with India in

yet been established.

vuf&S d &efukefESifh rEÅav;wGif&Sdae aom EdkifiHul;vufrSwfxkwfay;aom pifwmrsm;tjyif aemufxyfEdkifiHul;

vufrSwfrsm;xkwfjyefay;Edkifonfhae&m 15 ckudk tmPmydkifrsm;u zGifhvSpfcJh aMumif; od&onf/

tqdkygywfpfydkY½Hk;opfrsm;tm; jynf e,fESifhwdkif;toD;oD;wGif zGifhvSpfcJhjcif; jzpfNyD; jrefrmEdkifiH\ NrdKUawmf aejynf awmfwGifvnf; tvm;wlyifjzpfaMumif; EdkifiHul;vufrSwfxkwfjyefay;&mXme\ tBuD;tuJwpfOD;jzpfol OD;ausmfaZ,s u ajymMum;cJhonf/

2012 ckESpfuwnf;rSpí EdkifiHul; vufrSwfrsm;jyKvkyf&mwGif ydkrdktqifajy vG,fulacsmarGUvmap&efESif h jrefrm EdkifiHom;rsm;twGufvnf; Ed kifiHul; vufrSwftm; vG,fvifhwul&&SdvmEdkif ap&ef BudK;yrf;aqmif&GufcJhNyD; [dk;,cif uqdkvQif EdkifiHul;vufrSwf&&S d&eftwGufvGefpGmcufcJovdk tcsdefMumjrifhaMumif;vnf; od&onf/

ywfpfydkYavQmufxm;vdkolrsm;taejzifh jrefrmhpD;yGm;a&;bPfwGif usyfaiG 19000 tm; ay;oGif;&NyD; pDrHcefYcGJrItcaMu;aiG? "mwfyHk½dkufjcif;ESifh avQmufxm;onfh azmifrsm;twGuf usyfaiG 6000 ukefus aMumif;OD;ausmfaZ,suajymMum;cJhonf/

jrefrmEdkifiHtaejzifh tdEd´,\ EdkifiH a&;ygwDwpfckESifhyl;aygif;í 1967 ckESpf tdEd´,\ e,fajrydkif;jcm;owfrSwfrIESifh ywfoufí aqmif&GufoGm;rnfjzpfNyD; Kabaw Valley tm; odrf;ydkufrIESifh

Myanmar Summary

ywfoufívnf; aqG;aEG;cJhMuaMumif; or®w\ajyma&;qdkcGifh&SdolESifh jyefMum; a&;0efBuD;Xme 'k0efBuD; OD;&JxG#fu ajym Mum;cJhonf/

tdEd,\ BJP ygwDrS vmrnfh taxG axGa&G;aumufyGJwGif tEdkif&&SdcJhygu ,if;a'otm; odrf;ydkufrIjyKvkyfoGm; rnf[k qdkaeonfhtwGuf e,fpyfNrdKUjzpf aom Tamu wGif aexdkifolrsm;taejzifh pdk;&drfrIrsm; ydkrdk&SdvmcJh&onf/

odkYaomfvnf; ESpfEdkifiHvHk;taejzifh e,fajrydkif;jcm;rIESifhywfoufí tqifajyajyjzi fh aqmif&GufoGm;Edkifvnf; BudK;yrf;oGm;rnf[k od&onf/

jrefrmEdkifiH\ pD;yGm;a&;rSm c½dkeDrsm; BuD;pdk;rI&Sdaeovdk vlUtcGifhta&;vIyf&Sm; aqmif&GufrIrsm;rSmvnf; pd k;&drfp&m topfrsm;yifjzpfonf/ jrefrmEdkifiHtae jzifh EdkifiHa&;wGif pdefac:csufrsm;ESifh &ifqdkifBuHKawGUae&aomfvnf; vlrsKd; a&;y#dyu©rsm; ? bmoma&;y#dyu©rsm; &SdaecJhNyD; tMurf;zufrIrsm;vnf;ay: aygufcJhaMumif; od&onf/

pGrf;tifzGHUNzdK;wdk;wufrItaumiftxnfazmfaqmif&Gufcsufrsm;wGiftcsKdUvkyfief;rsm;onf tjcm;vkyfief;rsm;xuf rsufESm om ydkrdk&&SdcJhygu tqdkyg pdefac:csuf rsm;udk ydkrdkBuD;rm;vmapEdkifrnfudk pdk;&drf rIrsm;vnf;&Sdaeonf/


mmbiztoday.comFEATURE 12

Myanmar Summary

Serves Its Final MealsManuel Roig-Franzia

Tmeals at the big house in

Myanmar that her family ruled for centuries. Maids took care of that chore during her husband’s stints as a high-ranking Bur-mese diplomat in Britain, India

So friends of the princess – “sao,” in Burmese – could be

her news that anxious winter of

turmoil and its ruling military junta rebranded it Myanmar. The sao and her husband would be opening a restaurant in Washington’s Chinatown. On New Year’s Day, 1990.

in your life!” Sao Jane Nuwadee Tinpe recalls her friends gasp-ing. “Now you are opening a restaurant?”

business named for the home-land they left behind. Their res-taurant, Burma, was homage to the country they remembered.

-way – this intimate nook where mayors and congressmen, art-ists and Burmese democracy

Sixth Street NW space can be re-habbed to attract higher-paying tenants, says John Zarni Tinpe, the sao’s son. Tinpe says the

another location. The building’s

did not respond to requests for comment.

just continuously losing the gems in Chinatown,” says Daphne Kwok, an AARP execu-

chaired President Obama’s

-ers. “It’s a huge, huge blow.”

Burma feels like a secret, a whisper in a city of shouts.

battleship-gray stairwell to ar-

6th

Jonathan New

ton/The W

ashington Post

ironwork splayed across its win-dow. But when the door swings

bright yellow – sunshine defy-ing the perpetual winter of the stairs.

John Tinpe – a youthful 40-something who also works as a “supernumerary,” or extra, at major Washington ballet and opera performances – greets his guests in custom-made tailored

in and out of the room, her dark black hair cut sharply in bangs.

displace the air around her. In Burmese, her name – Nuwadee – means “gentle waters.”

to scan all who come and go. In this room, Tinpe has brought

kebab and former mayor Adrian Fenty his usual chicken curry. On a recent afternoon, he was gently placing Burma’s signature green tea leaf salad in

who was quietly ensconced in a window seat alone.

asked, lifting a small nugget from the salad with his chop-sticks. Tinpe explained that he was holding a toasted lentil, a

the ballet legend.

embodies the allure of this place, one of those Washington

haunts populated by characters who know mystery and intrigue.

be described in simple terms. It is neither sweet nor sour. In Burma, he says, they call it “the

Years ago, it was Tinpe’s

the restaurant, a place that seats no more than 70 at a time in two rooms, an aura of old-world

who died in 2005,

chief of mission at the Burmese embassies in Washington and New Delhi, as well as deputy permanent

proper British accent, -

cated at Cambridge. Lyndon Boozer, a Washington-based telecommunications lobbyist who has been close friends with John Tinpe since their college days at Bucknell,

the Tinpes’ fashionable apart-

wore an ascot.“Mr Boozer, so glad you could

recalls his friend’s father say-

he thought. “It was like meeting a Burmese Cary Grant.”

The Tinpes blended interna-

sao’s family, the Yangs, had founded Kokang in the 1700s after coming to the area from

material and workers to help build the Burma Road, a famed supply route for British soldiers during World War II, John Tinpe says.

By the late 1980s, the fam-ily’s world was coming undone.

Burma for a post in the Foreign Ministry while his wife and family had stayed behind in the

In 1988, Burma was wracked by demonstrations against po-litical oppression, followed by a bloody crackdown on protesters and a coup d’etat. In the chaos,

Settling in Washington, the family thought, “What better way to represent Burma than with food?” John Tinpe says.

The sao culled the family recipes that had once been pre-

She trained cooks, drawing

times.

Old friends were the original patrons – diplomatic chums

were drawn by a menu that sounded and tasted utterly ex-otic: caladish, a type of squash,

soup called mohingar, infused with coriander and fried on-

slow-roasted with mangoes.Kwok, the former head of the

ate there with Kiran Ahuja,

-ers, and Chris Lu, assistant

“Due to gentrification, we’re just continuously losing the gems in China-

town. It’s a huge, huge blow.”Contd. P 26...

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odk Yaomfvnf; xdkpm;aomufqdkif wnf&Sd&m taqmufttHk&J Uydkif&Sifuawmh 'DZifbmv 31 &ufaeYrwdkifcif sao ri f ;or D ;wdk Yudk taqmufttHkuae xGufcGmcdkif;cJhygw,f/ydkif&SiftaeeJY aiG aMu;ydkrdkay;EdkifwJholawGudk tcef;iSm;rSm jzpfwJhtwGuf sao wdkYtm; z,f&Sm;cdkif; cJhjcif;jzpfygw,f/ sao &J Uom;jzpfwJh John Zarni Tinpe uawmh rdom;pk taejzifhaemufxyfae&mwpfckwGif pm; aomufqdkifjyefzGifhzdkY&efrwwfEdkif[kajym onf/ vlawGtaeeJY aiGaMu;ydkrdk &&Sda&;wpfckwnf;udkom MunfhwJhtwGuf sao &JU pm;aomufqdkifvdkrsKd; tpm; taomufaumif;awGtjyif jrefrmEdkifiH

Contd. P 26...

REGIONAL BIZ 13January 16-22, 2014

Myanmar Summary

Contd. P 14...


Number of transactions down 39pc in 2013 vs 2012

Yimou Lee

The number of properties

by more than a third last

year to a 17-year low as a surge in sales tax, designed to burst

-ers in one of the world’s most

Despite steep discounts of-

number of sale and purchase

from 2012, according to the

and forecasters expect the downturn to continue this year. With local tycoons like Li Ka-shing warning of the impact on his property business last year,

could drop up to 50 percent

Last February’s doubling of stamp duty, or tax, on residen-tial transactions to as much as

was designed to prick the city’s property bubble. But it has yet to stop the price of homes creeping up: according to prop-

since 2008.That could change soon, mak-

ing life tougher for the property

Thai PTTEP Lifts 2014 Investment Plan

Thailand’s PTT Explora-tion and Production Pcl (PTTEP) said it plans to

-ous estimate, with much of the

making KKD oil sands project in Canada due to high costs and expects to make a decision within this year.

-bilities. We may push ahead or pull back. But I can’t tell more details because we need to do

told a news conference.Thailand is keen to secure

long-term energy supplies and last month, PTTEP’s parent company PTT Pcl signed a preliminary deal with Anadarko Petroleum Corp to buy 2.6 million tonnes per year of lique-

Mozambique.PTTEP has an 8.5 percent

Area 1 project, which is ex-pected to start producing LNG

in 2018-2019.

2018, PTTEP, Thailand’s top oil and gas explorer, plans to

the $25 billion it planned for

PTTEP also said petroleum sales are expected to rise to

-lent per day (BOEPD) in 2014, up from an estimated 292,000

The increase will mainly come from the Zawtika project in Myanmar, which is expected to

this year, it said.Petroleum sales are expected

statement.PTTEP also expects to con-

clude a deal to buy stakes in

PTTEP recently joined hands with Indonesia’s Pertamina to

-

billion. Reuters

Contd. P 14...

Myanmar Summary

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tdrfNcHajra&mif;cGefwdk;wufvmrIrSm aps;EIef;r smtqrwefjrif hrm;vmrIudk xdef;c s Ky fuef Yowf&eftwGufjzpf Ny D; 0,fvdktm;rsm; avsmhusoGm;ap&efjzpf aMumif; od&onf/

a[mifaumif\ xdyfwef;tdrfNcHajr vkyfief;rsm;rS avQmhaps;rsm;jzifh a&mif;cs rIrsm; jyKvkyfcJhaomfvnf; 2013 ckESpf twGif; a&mif;cs&rIESif h 0,f,lrIoabm wlnDc sufp kp kaygi f;ta&twGufr Sm 73503 ckomjzpfNyD; 2012 ckESpfxuf 39 &mcdkifEIef;txd usqif;vmcJ haMumif; a[mifaumiftdrfNcHajrrSwfyHkwifXmerS od&onf/

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Mozambique &Sd LNG vkyfief; wGifvnf; &if;ESD;jr§KyfESHrIudk BuD;BuD;rm; rm;jyKvkyfoGm;rnfjzpfaMumif; od&onf/ ukefusp&dwfrsm;jrifhrm;rIaMumifh uae'g &Sd t½HI;ay:aeaom pDrHudef;ESifh ywf oufívnf; &if;ES D;jr§KyfES HrIAsL[mudk jyefvnfoHk;oyfrIjyKvkyfaecJ haMumif; ajymMum;cJhNyD; ,ckESpftwGif; tqHk;

tjzwfwpfckudk jyKvkyfoGm;Edkif&efvnf; arQmfrSef;xm;onf/ jzpfEdkifacsrsm;pGm&Sd aeaMumif;ESifh qufvufvkyfudkifEdkifovdk vkyfief;tm; jyefvnfqkwfcGmonfvnf; jzpfEdkifaMumif; ? odkYaomfvnf; tao; p dw ftcsuftvufudk rajymEdkifao; aMumif;?pdppfavhvmrIrsm;udkyxrOD;pGm jyKvkyfoGm;&efvdktyfaMumif;od&onf/

Sukree S

ukplang/Reuters

Bob

by Y

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mmbiztoday.comREGIONAL BIZ 14

Myanmar SummaryGindustries slowed in De-

showed, mirroring a slowdown -

second-largest economy lost steam at the end of last year.

Index (PMI) dropped to 50.9 in December, its lowest since August 2011, from 52.5 in No-

New business expansion was the slowest in six months.

The PMI follows a similar -

reau of Statistics, which showed

growth to a four-month low of

56.0.

PMIs that showed China’s fac--

ber, suggesting the moderation in the country’s growth in

broad-based.

But all four measures re-

that separates expansion in

China’s economy has regained some momentum since mid-year after a protracted slow-down. While it was expected to

reins in rampant credit growth and demand for China’s exports

remained resilient into the December quarter.

Beijing has said it will accept slower growth as it tries to reshape the economy towards more sustainable growth, based on consumer demand, after three decades of breakneck expansion led by exports and credit.

China’s economic growth is likely to come in at 7.6 percent

of 7.5 percent and slightly below the 7.7 percent in 2012. Data for

on January 20. Reuters

Reu

ters

w½kwfEdkifiH\ 0efaqmifrIvkyfief;rsm; taejzif h 'DZifbmvwGif zGHUNzdK;wdk;wufrI aES;auG;cJhaMumif; ppfwrf;rsm;t& od& NyD; ukefxkwfvkyfrIu@ESifh urÇmh'kwd, tBuD;rm;qHk;jzpfaom w½kwfEdkifiH\pD;yGm;a&;onf 'DZifbmvwGif wdk;wufrI EIef;avsmhusoGm;aMumif; od&onf/

Purchasing Managers’ Index (PMI) ñTef;udef;rSmvnf; 50.9 odkY 'DZifbmvwGif usqif;cJhNyD; 2011 ckESpf Mo*kwfvrSpí ,ckEIef;xm;rSm tedrfh qHk;tajctaewpf&yfjzpfaMumif; od&um Edk0ifbmvwGif ñTef;udef;trSwf 52.2 &SdcJhaMumif; HSBC rS ajym Mum;cJhonf/

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tqdkygppfwrf;rsm;u w½kwfEdkifiH\puf½Hkrsm; 'DZifbmvwGif vkyfief;aqmif &GufrIusqif;jcif;udk jyoaeonf/

“Since the new measure is still

Kong.

mass-market home prices will drop up to 20 percent in 2014.

Ltd, the city’s second-largest de-

of up to 25 percent for a new

launched last weekend, one of the steepest cuts seen since new

April.

Price Cuts AheadDespite predictions that the

property market will remain in the doldrums for some time,

face. It predicted prices could rebound by up to 10 percent

city’s housing market. You can see from the strong sales responses for the recent new project launches,” Cheung

Chiu Kwok-hung was quoted as saying in daily paper the South China Morning Post.

Analysts see little sign of that, instead forecasting further

prices as new home construc-tion projects are completed.

“There is zero chance that property prices will go up this year,” said CLSA property ana-lyst Nicole Wong, adding that

forced to price homes in newly

percent below those for sale in older buildings.

“In 2014 there will be pres-sure to cut prices further for

said. Supply for new homes may increase by up to 85 percent in 2014, she said.

of last year’s slowdown, last

its worst year in more than a decade.

Properties Ltd in September posted a 14 percent fall in full-

trailing forecasts and marking

Prices in the former British colony remain among the high-

cool property prices in October 2009, no real impact had been seen until the February increase in stamp duty on residential transactions. Reuters

Yoko Kubota

Annual automobile sales in Japan rose 0.1 percent

as strong sales from September countered earlier declines after green car subsidies ended in September 2012.

Sales in the world’s third-biggest auto market is likely to continue growing year-on-year

but outlook is murky following April when the sales tax will

Automobile Dealers Association and Japan Light Motor Vehicle and Motorcycle Association said.

Japan is set to raise its sales tax in April to 8 percent from 5 percent.

660cc displacement posted record annual sales of 2.1 million

year earlier, helped by new mod-

Japan Light Motor Vehicle and Motorcycle Association said.

In December, industry-wide auto sales rose 25 percent to

two associations showed.

sales at top-ranked Toyota Motor Corp, including the Lexus brand,

2013 ckESpfwGif *syefEdkifiHü armf awmfum;a&mif;cs&rIrsm;rSm 0.1 &mcdkif EIef;wdk;wufvmcJhNyD; armfawmfum;tpD; a& 5.38 rDvD,Htxd a&mif;cscJh& aMumif;vnf; armfawmfum;vkyfief;ydkif; qdkif&m tcsuftvufrsm;t& od&onf/

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and Nissan Motor Co increased 1.0 percent.

second biggest auto market, sales

2012, its best year since the boom times before 2008. Industry-

the world’s biggest auto market, has yet to be announced. Reuters

Myanmar Summary

aMumif; cefYrSef;wGufcsufolrsm;u oHk; oyfxm;onf/

Li Ka-shing uJhodkY jynfwGif;vkyfief;

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Reuters

REGIONAL BIZ 15January 16-22, 2014

Myanmar Summary


Big Worker BonusFigure likely hit by estimated $1-billion special bonus

Miyoung Kim

Samsung Electronics Co Ltd , the world’s largest smartphone maker, has

reignited shareholder calls for more returns after splashing out on a special employee bonus estimated at nearly $1 billion.

drew on its $50 billion cash pile to mark 20 years of transforma-

company – just two months af-

spending enough to increase its

The bonus, to commemorate Chairman Lee Kun-hee’s “New Management” strategy, hit October-December operating

likely fell 6 percent on year and 18 percent from a record third

billion).Initial street estimates put the

-lion won, but the extent of the

closer to 1 trillion won, or an

company’s 240,000 employees, analysts say.

8.8 trillion won, to the lowest

July-September 2012.“This (bonus) could increase

pressure from some sharehold-ers to raise shareholder returns,

for more payout either in the -

dends,” said Kim Kyung-yoon, head of equities management

-agers, which owns Samsung shares.

Like most South Korean com-panies, Samsung has kept its

percent or less, which is a pri-mary reason its shares are not

“We are not against paying bonuses to workers but at least the shareholders should get as much,” said Mark Mobius,

-ton Emerging Markets Group. “They should really celebrate

happen.”

years partly due to the compa-

return policy, despite operating

Returns equal around 5.1

since 2007 when Samsung last bought back shares, at which

time its rate of return was 15.8 percent.

“No Transparency”-

sung Group in 1987 from his

-thing except your wife and chil-dren” to transform Samsung Electronics from a mid-tier

a global technology leader.

Corp in TVs, Nokia Oyj in mobile phones and Apple in smartphones.

Lee, who turns 72 this week, set the agenda for the future in his New Year speech by stressing the need to drop a hardware-centric culture and adopt new ways of thinking to

“In theory this (bonus) has

nothing to do with Samsung’s

be repeated, although there is no transparency on this issue and so no guarantees,” CLSA

note.“Whether shareholders will

-dend or share buyback remains

-lyst is not holding his breath as

Korean companies often top up low salaries with bonuses.

to 50 percent of annual salary

that exceeds targets. It also of-fers up to 100 percent of basic monthly salary to employees in

Reuters

Manunphattr Dhanananphorn

Thailand’s national carrier Thai Airways Interna-tional Pcl said last week it

year.The airline is aiming for

-cent this year with an estimated

Myanmar Summarycabin factor – the number of seats sold – at 76 percent, acting President Chokchai Panyayong told reporters.

Thai Airways, whose presi-dent resigned for health reasons

quarter, hit by a lower pas-

and foreign exchange losses. Reuters

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Reuters

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mmbiztoday.comREGIONAL BIZ 16

Myanmar Summary

Stakes in Local Banks20pc stake allowed for strategic investor, without govt approval

Ho Binh Minh and Nguyen Phuong Linh

Vietnam will allow foreign

stakes in its banks from

debt problem but is short of the reforms experts say are needed to strengthen its economy.

on February 20, foreign banks could be allowed to buy major-ity stakes in domestic lenders considered weak, and margin-ally greater shares than at present in stronger banks. It did not stipulate what constituted a “weak” bank.

of incremental steps taken by

economy that has been stuck in a quagmire, in large part due

tight lending that has hurt retail growth and led to bankruptcies of tens of thousands of small businesses.

The State Bank of Vietnam (SBV) last year set up an asset

debt from lenders in return for

region’s highest ratios of non-performing loans (NPLs).

According to the new decree,

tor” will be allowed a maximum 20 percent of a Vietnamese

foreign ownership remains in

place.It would raise the foreign

into weak banks, it said, with-out elaborating. An SBV report

said there were 11 weak banks in Vietnam, although it said eight had been “restructured”.

Bui Kien Thanh, an independ-ent economist and former

appeal to foreigners because stakes permitted in stronger banks were too small and the extent of the NPL problem in Vietnam was still unclear.

‘Bad Debt Barrier’“It doesn’t mean anything to

decide anything,” Thanh said.“The chance to buy a 100-per-

cent share of a weak bank is also

to pay a lot of money to buy a bank with high rates of non-performing loans... the biggest barrier is bad debts.”

into about 10 Vietnamese banks – half of them listed – among the nearly 40 in the country, according to Thomson Reuters data.

Among the foreign banks with stakes in Vietnamese ones are

bank; Commonwealth Bank of

Phuong Nam. In those three cases, the foreign bank got

20 percent.The concept is similar to what

which had a debt crisis of its own more than a decade ago, although Vietnam’s solution of-

foreign stakes.

to 49 percent in Thai lenders, while majority foreign owner-

ship has been allowed on a case-by-case basis, such as the 72 percent in Bank of Ayudhya , and 94 percent CIMB Thai Bank, mostly as a means to inject more capital.

promised reforms as part of a “master plan” aimed at boosting economic growth that was 5.42 percent last year, up slightly from 5.25 percent 2012, which

Vietnam’s economy grew about 7-7.5 percent annually from 2004-2007. Reuters

Ford Motor Co and its local partners in China sold a total

said last week.

55 percent jump in October.

wholesale basis, up 49 percent from 2012, helped by Ford Focus, the best selling model in China last year.

Ford partners with Chongqing ChangAn Automobile Co Ltd and Jiangling Motors Corp in Reuters

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Myanmar Summary

vir.c

om

INTERNATIONAL BIZ 17January 16-22, 2014

Myanmar Summary


Martin Santa

EDecember after a small

month, increasing the Euro-pean Central Bank’s challenge

the 17 countries then sharing the euro stood at 0.8 percent year-on-year in the last month

Eurostat showed. December’s reading takes in-

low of 0.7 percent in October.

too early for the ECB to become

risks, especially in peripheral countries,” said Peter Vanden

economist, referring to the bloc’s weaker members.

below the ECB’s target of close-to-but-below 2 percent carries risks in the longer term because

mand, depressing the economy.Reacting to the data, the euro

on speculation the ECB could consider more steps to support

the economy.

cent since February 2010 and prompted the European Central Bank to cut its key interest rate to a new record low of 0.25

Still, the eurozone is far from

fered from the early 1990s.ECB President Mario Draghi

said recently there were no

need for another rate cut, but

stuck permanently below one percent and slips into a danger zone for the economy.

time being the ECB will keep its monetary policy unchanged, not much is needed to push the central bank into action,” said

Analysts see the ECB staying on hold at its rate-setting meet-ing on Thursday, while watch-ing out for any action the bank may take in reaction to current

likely enact its Long-Term Re-

the next few months, which may

towards bank lending,” said

by the time the cheap long-term loans it has already made expire. The ECB injected more than €1 trillion into the banking

December 2011 and February

tranche of repayments is due in late 2014. Reuters

US Safest CountryMichelle Conlin

London ranks as the top city for foreign real estate

beating out last year’s winner,

New York, according to a sur-

Estate.

“stable and secure” country for

more than 50 percentage points

many. This is the widest margin since 2006.

for capital appreciation. It also leads the ranking for planned real estate acquisitions in 2014, with nearly 50 percent of re-spondents projecting a modest

size and 20 percent projecting a “major” increase.

functioning capital markets for both debt and equity that pro-

the association’s Chairman,

Managing Director and Co-

Inc. Reuters

Myanmar Summary

Reuters

Reu

ters

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mmbiztoday.comINTERNATIONAL BIZ 18

Acentral bank liquidity re-cedes in 2014, emerging

more anxious about local politi-cal risks – and how to spot them early on.

had a rough ride since the

wind-down of its money print-ing last year. The looming with-drawal of easy cash worldwide pushed the dollar and Treasury

-tries most dependent on foreign capital.

Emerging market bonds posted only their third year in the red since 1998 last year, while emerging equities ended

year in three.

a beach strewn with political detritus.

As competition for funds heats up while their economies rap-idly lose steam, political risks

South Africa, India, Indonesia and Brazil, the emerging econo-

year, adding to brewing local

corruption probe in Turkey or the waning popularity of South Africa’s and Brazil’s leaders.

South Africa and India hold parliamentary elections in 2014, while Brazil and Turkey

Indonesia has both. In fact, 12

Emerging Market Investors Face Year

Mike Dolan

of the major emerging markets go to the polls in some format this year.

“2014 will be a year in which the return impact from idiosyn-

-ing markets could increase substantially,” asset manager

“The prospect of these elec-tions could potentially reduce

economies on a temporary ba-sis,” it added, citing the threat

-creased demand for currency and bond hedging.

elections may be the easy bit,

political disruptions of the past four years were rather more

sudden, such as the Arab Spring

East and North Africa or the more recent street protests in

For funds seeking to assess

system or scorecard is critical.

‘Willingness to Pay’The world’s biggest asset

manager Blackrock, for ex-

now ranks 50 countries in

creditworthiness.

policies and banking stability, but also captures the essence of pure political risk under a head-

and Nigeria to the list last week saw the two countries come in

market peers. Only Venezuela has a worse rating than Nigeria, for example.

What’s more, Blackrock high-lighted the growing political el-ement in its risk ratings, citing the recent unrest in Thailand

said it had added an additional -

ness to pay’ gauge to strengthen monitoring.

red on this category when Blackrock last updated this index in October. Reuters

Myanmar Summary

Jennifer Saba

Chinese recycling tycoon Chen Guangbiao dialled back his ambitious plans

to buy The New York Times Co

his intentions public.

he said through a translator last week.

philanthropy, does not hold shares in the Times, nor does he plan to buy any of its common shares, he said, noting that the

meeting.

The company, which pub-lishes the namesake newspaper,

billion. Chen, who has been mulling a bid for the prestigious newspaper for the past two years, said last week he thinks it is worth $1 billion.

The Ochs-Sulzberger family, which has owned the Times for more than 100 years, controls the company through a trust of

-ing rights.

Global Times on January 5 asking readers not to take his intention of buying the paper as

a trick or joke.Chairman Arthur Sulzberger

Jr has said recently the Times is not for sale. A New York Times spokeswoman declined to com-ment on Chen.

is tearing down buildings and

entrepreneur to partner with to make the purchase. Reuters

-

Shannon S

tapleton/Reuters

Myanmar Summary

Anindito M

ukherjee/Reuters

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INVESTMENT & FINANCE 19January 16-22, 2014


Myanmar SummaryDavid Mayes

As we are now into 2014 and will soon be busy

-

before the holidays, it is a good

-

at what kinds of challenges and opportunities the coming year may bring, and try to reduce the

ahead but also one fraught with danger.

stock markets soaring to new highs last year, a question many are asking is if this year will see

-

prices higher has been the cen-tral banks of the world printing money, and this is expected to

near zero interest rates and

there is a good chance that the

As for the bond market, this has been teetering on the edge

-ing up dimes in front of a steam roller. One good thing for bonds

is that the Fed has promised to keep rates low until at least

respond sooner than this if they see the writing on the wall.

While I see much danger in both stocks and bonds at cur-

makings of a coming opportu-nity for those who are patient

else panics, as this will certainly create some amazing buying opportunities. At the moment

-

my opinion is a safe place to wait for these opportunities to

Alongside cash I see trend following CTA funds (commod-

way to hedge exposure in stocks and bonds. If the stock and bond markets continue to tick

a portfolio with trend followers (who typically do best in times

way to participate without fear that all will be lost when we

-tion point.

Picking tops and bottoms in the markets is a losing game, so I would recommend the

-

of 25-40 percent split between

equal amount spread across a few trend following funds with long track records (15+ years). The remainder is best left in cash so that if either the stock or bond market do see a panic there is ammunition to pull the trigger when the bargains are

there to be had.David Mayes MBA provides

wealth management services to expatriates throughout South-east Asia, focusing on UK Pension Transfers. He can be reached at [email protected]. Faramond UK is regulated by the FCA and provides advice on pensions and taxation.

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Reuters

in Myanmar in a number of strategic sectors, and our key strength is that we are a partner of choice for many international com-panies looking to expand into Myanmar.”

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mmbiztoday.comINVESTMENT & FINANCE 20

Myanmar Summary

Contd. P 21...

Frontier Sustainable: Myanmar’s Opportunity

Dr. Maximilian Martin

Myanmar opened its -

tion center on January 5 in the new capital of Nay Pyi Taw. This would be the main

and meetings of the Association of Southeast Asian Nations (ASEAN), which the country will chair for one year in 2014. It actually hosted the ASEAN Coordination Committee on

Myanmar’s chairmanship comes at a watershed moment. As a nation, leading the ASEAN

-tion of the scale of opportunity that has resulted from the re-form process that has been oc-curring since 2011, showcasing both the extent of the road thus

track for the planned national election in 2015.

-

powerful. Myanmar’s term co-incides with a delicate moment for the apparel industry, which is the leading export engine in

-ing economies. For ASEAN members such as Cambodia, garment exports now account for roughly 75 percent of total merchandise exports and rep-resent about 10 percent of GDP; comparable statics are true of other ASEAN members.

Despite this, apparel is an industry routinely plagued by poor working conditions and

-lapse of the Rana Plaza factory in neighbouring Bangladesh in

than 1,100 workers, working

come under serious scrutiny. The systemic issues the industry faces were further highlighted when the recent two-week na-tionwide strike for higher wages in Cambodia’s readymade garment industry was ended by the police using force, killing at least four protesters.

Myanmar now has South and Southeast Asia’s lowest garment

to $68 in Bangladesh, $68 in

Indonesia, $77 in Laos, and $90

faced rises in garment wages.Based on size alone, Myan-

mar has lots of potential. It is geographically roughly the size of the state of Texas, or Germany and Italy combined, and contains about 60 million inhabitants, as well a migrant population. Myanmar is logi-

-sic equipment manufacturing needs that other markets can

satisfy.But how the apparel in-

path, though its readymade garment industry is still small.

factories currently operate in the country, which is tiny when compared to major sourcing locations in South Asia. Myan-mar earned about $917 million in 2012, progressing from $770 million in 2011. Apparel exports

-

to South Korea.The industry is growing fast,

higher cost locations such as neighbouring Thailand. Fac-tories are currently operating based on a Cut, Make, Trim

aims to upgrade its production systems from a contract manu-facturing (more than 90 percent of national factories) to Original Equipment Manufacturing (OEM) and Original Brand Name Manufacturing (OBM)

be supported by an adapted leg-

for export potential are about $5-6 billion within a few years. Most recently, the Myanmar

-ment in the country’s garment manufacturing industry. This has generated major interest

-tors from China, Japan and

installed infrastructure are a few additional features that are critical to conditioning the growth potential of the apparel industry in Myanmar.

Yet there are problems on the

seeks to seize the opportunity. The migration to Myanmar of the poor working conditions that are routinely tarnishing the

sourcing locations would be a disaster. The risk of a growth path that simply leads to a pro-duction cluster with thousands of sweatshops, thus recreating

associated with the apparel industry in neighbouring Bang-ladesh, is real.

In fact, a respondent to an

recently conducted on the future of the global apparel in-dustry commented that one of his worst fears is a “transfer of the industry to Myanmar with no local NGOs or unions, [and] exploitation of workers.”

The good news is that a sounder approach is possible, one that links greater competi-

-mance. Although the textile and garment industry has built a long track record as an engine

-

-ity gains (economic, social,

by and large untapped. 20 percent of chemical inputs, up to 40 percent of energy, and up to 50 percent of water can

is redesigned, infrastructure upgraded, and workers and management appropriately

-

this transformation has been missing.

To help address this need, Impact Economy – a global

“Creating Sustainable Apparel Value Chains”. The goal of the report is to make the needed

industry stakeholders can start to build a common way forward. The structural frame laid out in the report links greater resource

agenda that enhances working

impact.For this industry transforma-

transparency across the sup-ply chain; (2) using (impact)

tackle working conditions with

Contd. P 21...

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U A

ung/Xinhua

Myanmar now has South and Southeast Asia’s lowest garment wages at $30-35, compared to

$68 in Bangladesh, $68 in Indonesia, $77 in Laos, and $90 in Vietnam.



(4) understanding and repro-ducing the best practices of frontrunner producers.

As the reform path continues, Myanmar’s garment industry has the potential to grow well beyond $6 billion in annual

is successful and issues such as compliance with basic worker issues and factory safety stand-

ards, standardised payroll, and minimum wages can be ad-

-able production is important for social peace, attracting foreign

of which are critically needed -

stantial sector growth.Myanmar, in its role as chair

of the ASEAN this year, will play a leading role in making

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rang Pring/R

euters

sure that the priorities of the ASEAN roadmap in relation to

Community are properly im-plemented. American sanctions initiated with an arms embargo

well as a ban on imports from Myanmar, are now history. The nation’s opening up to the world after decades of closing

has the potential to usher in a

a year from 2014/15 to 2018/19,

-

12 percent in 2000/01).Myanmar is now in a position

ASEAN Vision far beyond 2015. Combining humane working conditions and simultaneously

-mental footprint and competi-

should be a key to the ASEAN -

responding sector policies.Maximilian Martin, Ph.D.

is the founder and global managing director of Impact Economy. Before founding the

global head and managing director of UBS Philanthropy Services. Dr. Martin also cre-

on social entrepreneurship in Europe.

U A

ung/Xinhua


mmbiztoday.comINVESTMENT & FINANCE 22

strengthen the legal and regula-

said Maplecroft Senior Analyst Chris Laws.

Myanmar’s commitment has resulted in a steady climb in the ranking from worst position at the bottom of the ranking in

rd

and 5th in 2014. Despite the modest shift in

-

Maplecroft forecasts that if Myanmar sustains its current

the “extreme risk” category in less than three years.

Challenges remain

caution notwithstanding the

lack of rule of law and interfer-ence in business by a wide range

including the military, continue

said.Myanmar’s commitment to

upholding rule of law continues

-ship of Myanmar Brewery Ltd, between the military controlled

-

likely to be undermined, Ma-plecroft said.

“The country’s current lack of -

ance still raises serious concerns

and it remains a challenging place to do business,” Laws said.

Resource or curseResource-rich countries

the “extreme risk” category in the LRERA and include: Turk-

rd), DR Congo (4th),Myanmar (5th), Central African Republic (7th), South Sudan (8th), Venezuela (12th), Libya

th), Zimbabwe (14th), Iran (16th), Angola (19th

(21st) and Iraq (24th).Legal and regulatory risks

impacting property rights are of particular concern in resource-rich countries. Despite soften-

the past year, societal unrest and poor economic conditions can act as risk multipliers in

“Company assets, especially those in the mining and oil and gas sectors, can become subject to nationalisation and

or strengthen their position through the use of resource nationalism, as witnessed in Venezuela and Argentina in

As well as presenting major -

ance and corruption can also

-dance of natural resources, Maplecroft added.

The legal and regulatory en-

hydrocarbon rich growth mar-rd), Russia

th), Indonesia (70th), and the Philippines (77th), meanwhile, are categorised as posing a

Surprise inclusionsSenegal, Guatemala, Mozam-

bique and Rwanda, meanwhile, are among the countries with

report.Legal mechanisms and regu-

latory structures are typically well entrenched features of a country that are not subject to

-

from 28th to 51st (1st place is con-sidered the highest risk in the LRERA), Guatemala went from

nd to 61st, Mozambique 40th to 71st, and Rwanda 66th to 101st.

These decreases in risk were

-

-ance, to reduce regulatory hurdles, to combat corruption

Maplecroft said.

Risk hot spots Aside from Myanmar (5th),

the countries posing the high-est legal and regulatory risks

st),North Korea (2nd), Turkmeni-

rd), DR Congo (4th), Syria (6th), Central African Republic (7th), South Sudan (8th), Eritrea (9th) and Afghanistan (10th). A further 16 countries are also

Maplecroft.Outside of these markets, the

an increase in risk, due to fac-

introduction of destabilising

These include: Syria, which dropped to 6th from 29th in 2010, Guinea (15th from 42nd),Bangladesh (29th from 52nd),

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nd rd), Mali th rd), Argentina (59th

from 78th) and Bahrain (122nd

rd).Rule of law, including

judicial independence and ef-

corruption and remains weak in a large number of countries, particularly in Asia, Africa and the Middle East, Maplecroft said.

This lack of rule of law con-tinues to contribute to regime instability in those countries that witnessed regime change during the Arab Awakening of 2011, as well as many other countries with potential for societally forced regime change,

rd),Cambodia (28th) and Viet Nam

rd).Since 2009 some of the

biggest increases in legal and -

Argentina, Bahrain, Bangladesh and Egypt.

Maplecroft states that the

countries is being curtailed by factors such as a lack of respect for the rule of law and property

-tion, increasing regulatory

resulting from instability.

FT


Myanmar Summary


Minister Encourages Local Businessmen to Expand Business Boldly

Myint has encouraged local businessmen to expand their businesses boldly to seize better opportunities during the eco-nomic boom expected in 2015.

Taxes will be reduced and re-

other necessary assistance to exporters and importers.

Draft of New Foreign Investment Law to be Submitted to Parliament

The draft of the new foreign -

ted to the upcoming parlia-mentary session, due to resume

-national Finance Corporation, the new law, once enacted, will supersede Myanmar Foreign

Myanmar Plans to Add 4m Mobile Phone Users in 2014

Myanmar plans to expand its mobile network to accom-modate 4 million new subscrib-

during 2014, bringing the total number to 10 million users, a

Suu Kyi Says Next Govt Needs to Tackle Stalled Dam Project

In her regular biweekly inter-

major opposition NLD leader --

reported.It was irresponsible of present

Myanmar President Says 2014-15 GDP Seen Around $67 Billion

2014-15 is estimated to be around $67 billion (K66.19 trillion), President Thein Sein said at a Financial Commission Meeting in Nay Pyi Taw.

raised by K20,000 per month

Five Sub-Committees Formed for Review on Constitution Changes

been set up among the 109-member Parliamen-

amending the constitution, the Voice Daily reported citing a Committee member.

a week and submit their report at the upcoming parliament by end January.

Foreign Trades Grow by $4 billion in 9 Months

by $4 billion compared to the -

ing to commerce ministry data.Total imports and exports

Estimated at $2.75 billion

budget is estimated to be about

say.Allocations on education will

Suu Kyi Says 2014 More Im-portant Than 2015 for Myanmar

Major opposition NLD party leader Aung San Suu Kyi said 2014 will be far more important than 2015 for political and

-anmar although most potential

out for the situation in 2015.The Nobel peace laureate,

speaking at a mass meeting during her tour of Chin State, said the trees grown in 2014 will

-stitution amendment in 2014 in time for the 2015 general elections.

Myanmar Gets Over 82,000 Business Visitors in 2013

More than 82,000 tourists -

according to the Yangon inter-national airport’s immigration department.

Since June 2012, Myanmar

26 countries, including regional neighbours. An additional 22 nations, most of them Euro-pean countries, were added to

-

countries.The majority of the business

tourists were from Thailand, Japan, Singapore, Canada,

and Spain, according to the statistics.

Energy Resources as Gas

Plans to import more LNG, open new bid for petroleum concessions

Khettiya Jittapong & Pisit Changplayngam

Thailand is seeking more

natural gas (LNG) and looking to other energy sources such as coal and renewables as

said last week.Thailand, which uses natu-

ral gas to generate nearly 70 percent of its power, has been struggling to secure long-term energy supplies as output

-

rising demand.

natural gas dropped 10 percent from a year earlier to 9.04 tril-

decline after the country began producing natural gas from the Gulf of Thailand more than three decades ago.

-

gas supplies, which will be depleted,” said Suthep Lium-sirijarern, permanent secretary at the Energy Ministry.

Southeast Asian nation to import LNG in 2011 when it brought a 5-million-tonne-per-year terminal online. State-controlled PTT is now looking at setting up a new LNG terminal in a plan to double its import capacity.

But prices of LNG are two to three times higher than natural gas and that will push up elec-

Thailand is also looking at

buying power from neighbour-ing countries and plans to di-

and renewables, he said.It is also planning to open a

new round of bidding for petro-leum exploration concessions and extend the life of existing production-sharing contracts to boost output of natural gas

Concession contracts due to expire in the next eight years

Corp and PTT Exploration and Production, a subsidiary of PTT.

as the dominant global energy source by 2017, and only a drop in world gas prices could curb the use of the dirtier fossil fuel in the absence of high carbon prices, the International Energy Agency said in December.

natural gas per day (mmcfd) and imported 990 mmcfd from Myanmar.

It also had 729 mmcfd from -

ment areas and imported 190 mmcfd of LNG last year. That was just enough to meet domes-tic gas needs of around 4,950 mmcfd.

Thailand’s 2014 energy demand is expected to rise 2.5 percent on the assumption that the country’s economy will grow

rise in energy use of 1.2 percent

statement.Demand for natural gas is ex-

pected to rise 4 percent in 2014, boosted by growing demand for electricity, it said. Reuters

Reu

ters

Myanmar Summary

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Fligghhtss ffroom Yanggon (RGNN) to Bangkok ((BKK) Fligghhtss 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 AirlinesDD4231 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 MAIFD2752 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 AirAsia8M335 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 AirwaysTG304 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 AirwaysPG702 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 AirAsiaY5-237 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 AirwaysTG302 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 AirlinesPG703 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 AirAsia8M331 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 AirwaysFD2754 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 AirwaysPG704 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 AirlinesTG306 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

FFligghhtss ffroomm Yangoon (RGN)) to Chiaang Maii (CNX) FFligghhtss ffroomm 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 AirlinesMI509 1 6 RGN SIN 0:25 5;00 SilkAir SQ998 1 2 3 4 5 6 7 SIN RGN 7:55 9:20 Singapore Airline8M231 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 AsiaSQ997 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 SilkAir8M233 5 6 7 RGN SIN 13:45 18:15 MAI 8M235 5 6 7 SIN RGN 19:15 20:45 MAITR2827 1 6 7 RGN SIN 15:10 19:35 TigerAir TR2826 1 6 7 SIN RGN 13:00 14:30 TigerAirTR2827 2 3 4 5 RGN SIN 17:10 21:35 TigerAir TR2826 2 3 4 5 SIN RGN 15:00 16:30 TigerAirMI517 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 frroomm 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 AirAsia8M501 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 AirlinesMH741 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

Flligghhtss ffroomm Yangon (RGN) to Ho CChi Minhh (SGN) Flligghhtss ffroomm 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 AirlineBR288 2 5 6 RGN TPE 11:35 17:20 EVA Air BR287 2 5 6 TPE RGN 7:30 10:35 EVA Air

Flligghhtss ffroom Yanggon (RGNN) to Kunming(KMG) Flligghhtss 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 EasternMU2012 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)

Fligghhtss ffroom Yanggon (RGNN) to Naanning (NNG) Fligghhtss 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

FFligghhtss ffroomm Yangoon (RGN)) to Honng Kong (HKG) HHonngg KKoong (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

Flligghhtss ffroomm Yangon (RGN) to Guanng Zhouu (CAN) Flligghhtss ffroomm 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 AirlinesCZ3056 3 6 RGN CAN 11:20 15:50 China Southern Airline 8M712 2 4 7 CAN RGN 14:15 15:45 MAICZ3056 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 IndiaAI234 1 5 RGN CCU 13:40 16:55 Air India (via GAY) AI233 5 CCU RGN 13:30 18:00 Air India (via GAY)

Fligghhtss ffrom Yanngon (RGGN) to GGaya (GAAY) Fligghhtss 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 MAIAI234 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

FFligghhtss ffrom Yanngon (RGGN) to SSeoul (ICCN) FFligghhtss 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

Flligghhtss ffroomm Yangon (RGN) to Nay Pyi Taww (NYT) Flligghhtss ffroomm 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 CharterFMI-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 CharterFMI-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 CharterFMI-A1 6 RGN NYT 8:00 9:00 FMI Air Charter FMI-A2 6 NYT RGN 10:00 11:00 FMI Air CharterFMI-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 AirlinesYH 909 2 4 6 7 RGN MDY 6:30 8:10 Yangon Airways YH 910 1 3 MDY RGN 7:40 10:30 Yangon AirwaysYH 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 AirwaysYH 727 1 5 RGN MDY 11:15 13:25 Yangon Airways YH 728 1 5 MDY RGN 9:10 11:05 Yangon AirwaysYH 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 AirwaysW9 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 BaganK7 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 KBZYJ 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

Days - (1) Monday (2) TTueesdaay (33) WWeddnessdaay (4) Thursdayy (5) Friday (6) SSaturday (7) Suunday Days - (1) Monday (2) TTueesdaay (33) WWeddnessdaay (4) Thursdayy (5) Friday (6) SSaturday (7) Suunday

PROPERTY & REAL ESTATE 25January 16-22, 2014

Myanmar Summary


Govt to Establish More Hotel Zones

Tgo-ahead to construction entrepreneurs to establish more hotel zones in three regions in the country in a bid to cope with the growing hotel room demand, industry insiders said.

A total of 11 hotel zones will be built in Yangon, Mandalay and Taninthayi regions where most of the tourists to Myanmar go.

The hotel and tourism sector saw K257 billion ($262 million)

According to the Ministry of -

the ministry, said there are high chances to reach the ministry’s

ends in March. The ministry has

Yangon and Bagan stand in the top of the list for most

followed by Inle Lake in Shan state, Kyaikhtiyo Pagoda in Mon state and Ngapali Beach in Rakhine state, according to the ministry.

Aye Myat major tourist attractions and to increase the number of tourists

-ment in collaboration with the

year tourism master plan worth $500 million.

The Yangon International Airport, the country’s major international airport, has also seen a tremendous increase in

from 160,000 in 2009.

is expected to rise this year as -

ing Myanmar to attend ASEAN Foreign Ministers Meeting (AMM) in January in Bagan and Mandalay.

In a recent tender opening by the DCA, Pioneer Aerodrome

right to upgrade the airport in-cluding expanding its capacity from 2.7 million to 5.5 million passengers by 2015. Mandalay International Airport, in upper Myanmar, is also scheduled to upgrade and expand its capacity

annually.--

tional Airport, 80 kilometres

from Yangon in Bago region, as the new gateway to Myanmar with an estimated total capacity

through state-run newspapers

69 domestic airports.

The authorities will build a stadium on a plot in Ward 46 in North Dagon

Myo Thit where 25 houses were built illegally.

Kyaw Min The plot, owned by the town-

has 25 small huts where some

for nearly six years. The fami-

on January 5.

“We will start building the stadium this month after destroying the houses. The

Myo, assistant administrator

Committee, said.The free public stadium will

Chinlone (traditional cane ball) and other games.

department hasn’t made any estimation of the expenditure

submitted a request letter to the township authority to allow them to stay until the end of this academic year as many of them has school-going children.

“This area is near to many

our plea but we don’t know the authorities’ decision yet,” Ko Myo Min, a settler from that area said.

Committee (YCDC) earlier said

settlements around the city and build stadiums and parks in those places.

Myanmar Summary

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mmbiztoday.com

26

Myanmar Summary

PROPERTY & REAL ESTATE

to the president and Cabinet

there during Obama’s 2009 in-

Clinton showed up once.But, as much as anything, the

people who cared about Burma. Roundtable discussions were

2007 protests led by thousands of Buddhist monks against Burma’s military dictatorship – the restaurant swelled with

“They had one thing in com-mon: that was democracy for Burma,” John Tinpe says. “It was great.” Today, he and his family are hopeful that demo-cratic reforms will continue to strengthen there.

sometimes ask whether the Tinpes would change the name of the restaurant from Burma to

business, John Tinpe would like to put his Burmese expertise to

in this direction but for the moment is focusing on the last days of the restaurant.

As word spreads about the res-taurant’s impending demise, the little place turned into a kind of rolling farewell party. One after another, old friends shown up for a last plate of dry bean curd,

with a princess and her son; one more demure smile.

“It would be nice if this could

Tinpe says one afternoon, his

In some ways, that’s exactly what was happening.

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Burma qdkwJh pm;aomufqdkifi,f av;udk NrdKUawmf0ef Vincent C Gray

vnf; vma&mufcJ hovdk a&SUaecsKyfjzpfwJh Eric H Holder Jr wdkYvnf; a&muf&Sd cJh ygw,f / NrdKUawmf 0ef a[mif; jzpfwJh Adrian Fenty uawmh ol&J UyHkrSef Muufom;rqvm[if;udk vma&mufoHk; aqmifavh&Sdygw,f/Burma pm;aomuf qdkif&JU trSwfonmwpfckjzpfwJh vuf zufokwfudk Mikhail Baryshnikov u pm;pOfrSmawmh wleJY vufzuf yef;uef xJu yJaphudk n§yfum ]]'gbmvJ}}vdkY ar;cJhygw,f/vufzufudk qDeJYpdrfxm; wJhtwGuf t&om[m csKdvnf;rcsdKovdk csOfvnf;rcsOfjyefygbl;/ 'Dvdktpm;tpm awG[m jrefrmEdkifiH&JU ,Ofaus;rIwpfck jzpfovdk pm;oHk;&wmvnf; tvGefyif t&om&SdvSygw,f/Tinpe tazjzpfwJh Henry Tinpe uawmh 0g&SifwefeJY e,l;a';vDwdk Y&JU jrefrmoH½Hk;rsm;rSm deputy chief of mission taeeJY wm0ef xrf;aqmifcJhNyD; 2005 ckESpfrSm uG,fvGef cJhygw,f/0g&Sifweftajcpdkuf qufoG,f a&;vkyfief;tusKd;aqmifwpfOD;jzpfNyD; John Tinpe eJYvnf; &if;ESD;wJholi,fcsif; jzpfwJh Lyndon Boozer u xdkpm; aomufqdkifod k Y z dwfac:c H&pOf olU oli,fcsif;taz&JU ,Ofaus;ysLiSmyHkudkvnf; jyefvnftrSwf&rdaMumif; ajym Mum;cJhygw,f/ touf 22 t&G,fom &SdwJholUudk wav;wpm;eJY Mr. Boozer vdkY ac:cJhwmudk oljyeftrSwf&rdaeyg ao;w,f/

Ministry Bans Construction in Heritage Sites

Tsuspended constructions of hotels, motels, guest-

houses, restaurants and indus-trial buildings in the country’s cultural heritage areas, accord-ing to an announcement from the Archaeology and National Museum Department under the Ministry of Culture.

The department said con-structions at the heritage sites

Su Su are causing damage to the an-cient sites, and that if construc-tions are not stopped it will take legal actions.

constructions of hotels, restau-rants and industrial buildings

country. The department has designated 46 areas in Myan-mar as cultural heritage sites and laws will be enforced to

control the damages to those sites, it said.

The department said con-

sion from the ministry if they plan to build any hotels or res-taurants, and that the ministry

awarding of the construction permit.

The ministry has also recently

buildings.

Any Myanmar citizen will be eligible to apply

price’ housing complex in North Dagon, the committee said.

Applications to purchase an apartment can be submit-ted to the YCDC Engineering

employees could apply for such apartments.

A total of 90 apartments of 972 square feet (sq ft) size are

ments of 877sq ft are up for grabs

K25.5 million ($26,000) and 22

ment employee she has to be in

at the time of submitting the ap-

hold a National Registration Card (NRC). Recommendation

ments are needed if the appli-

“An applicant can purchase an apartment through either bank loans or installments. For bank loans, the loan duration will be four years,” an YCDC source said.

Kyaw Min “If a buyer sells or rents the

chasing, we won’t take any legal action but we will reoccupy the apartment. These apartments are meant for needy people,” he added.

income to be able to purchase such apartments, and a family

earn about K700,000 ($700), he said. If the applicant is a

payment can be made from pension funds on an install-ment basis, the source added.

Ma Aye Aye, who works at a

bought an application. But I

to get an apartment here be-cause of the competition. They

really need one.” YCDC has been carrying out

years in a bid to tackle the city’s

to the low-income people from the sweltering property prices in the country’s commercial

estate prices in recent years.

“low cost housing” projects were

population, and the authorities changed those projects’ names to “fair price housing” after

Myanmar Summary

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IT & TELECOM 27January 16-22, 2014

Myanmar Summary


Infosys to Help Myanmar Develop E-Governance Strategy

Development comes after the visit of Myanmar's pro-democracy leader and Nobel laureate Daw Aung San Suu Kyi to Infosys headquarters in Nov last year

Bibhu Ranjan Mishra

With its economy opening up after decades of isolation,

Myanmar is trying to make the country’s presence felt on the global information-technology (IT) map.

The Southeast Asian nation

Indian tech major Infosys to

This would focus on grooming the local ecosystem.

Sources say Infosys, India’s

company, has bagged a consult-ing project from the Myanmar

an entry into the country once considered untouchable by

military junta.

-anmar’s pro-democracy leader and Nobel laureate Daw Aung

headquarters. During her in-teraction with senior company

how technology could play a role

Infosys had also committed to undertaking a six-month training programme for 100 engineering students from that country.

At home, Infosys is working

This includes managing the in-come tax department’s central processing centre and postal department’s IT modernisation

“Infosys is trying to take its

countries in Southeast Asia,” a company source said.

-ment ecosystem and in the process is wooing global tech-nology companies. The country

Agency for International De-

global technology majors such

Microsoft.Last year, Microsoft had an-

nounced to enter Myanmar with a local company, Myanmar Information Technology (MIT). Besides, Cisco has announced to open networking academies with an aim of training the locals before establishing a presence in the country.

IDC, the IT spends in Myanmar

million by 2016, with a com-pound annual growth rate of 16 percent between 2011 and 2016.

Information Ministry

StationsShein Thu Aung

The Ministry of Informa-tion has spent K5.81 billion ($5.9 million) to

upgrade 22 transmission relay stations around the country, a

The stations were upgraded from analogue to digital system,

-istry, said.

The installation of retrans-

Mawlamyine, Meiktila, Taung-

Test transmission from those

added.

the port and the rest will reach within this month. The whole upgrade process for those will be completed by June this year, he added.

The ministry last year asked

funds to upgrade 56 stations around the country. The stations include eight in Kachin state, 17 in Shan, four each in Sagaing, Magway and Mandalay regions,

in Bago, one in Tanintharyi, two in Ayeyarwaddy, one in Chin, two in Mon and two in Rakhine

state. The director said 257 sta-tions were targeted for upgrade

completed.

ministry plans to upgrade 110 stations in 2015-16 and 65 sta-tions in 2016-17 from analogue to digital system.

Myanmar Summary

Yatanarpon to be Information

Aye Myat

Yatanarpon Teleport Co Ltd will act as an infor-mation partner of the

7th ASEAN Para Games, which is scheduled to take place from January 14 to 20 in Nay Pyi

Yatanarpon Teleport, Myan-mar’s state-run information and telecommunications ser-

-formation regarding the Games in six languages throughout the

The six languages include Myanmar, Chinese, Thai, Ma-laysian, English and Tagalog.

There will be a toll free hotline (1818) during the Games for the

The 7th ASEAN Para Games, to be organised in line with the rules of the ASEAN Para Sports Federation APSF, will

-leyball, wheelchair, basketball and weightlifting.

Myanmar Summary

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mmbiztoday.com

28IT & TELECOM

Myanmar Summary

Myanmar Summary

Reu

ters

Noel Randewich

Cupcoming chip with beefed-up graphics for mobile gadgets and cars as it faces a slowing personal computer industry and harsh competition in smartphones and tablets.

chip to incorporate the Kepler graphics technology the com-pany uses in the high-end com-ponents it makes for PC game

of the Consumer Electronics Show.

beyond its core PC market

the company’s Tegra lineup of chips. But he has encountered

Qualcomm Inc and Samsung Electronics Co Ltd in making components for tablets and smartphones.

cutting-edge graphics technol-ogy to its mobile chips will entice more manufacturers and consumers to see tablets as

for playing high-end games like

as desktop computing ... the

technology.

processors are used in Micro-soft Corp’s Surface 2 tablet and a smartphone made by Xiaomi in China, but Wall Street is con-cerned the company is making too little progress for the money

In the third quarter, sales

chips fell 54 percent and sales from its PC graphics chips, which account for the majority

declined 2 percent.

codenamed Logan, an alias of the comic book superhero

-sion of the chip will be ideal for camera-based computation

applications like pedestrian de-

Following in the footsteps of recent chip announcements from Qualcomm, Samsung and

with 64-bit features typically found in personal computers.

Processors with 64-bit

processors now found in most -

ting them work faster and more

Current smartphones don’t

phones probably will include

bit processors a performance boost.

2014, with the 64-bit chip ap-pearing later in the year.

With progress in mobile -

industry and cloud computing to fuel future growth. It has made deals with Audi, BMW and Tesla to use Tegra chips in dashboard entertainment and

At last year’s Consumer Elec-

Shield, made with its Tegra 4 chip and based on Google Inc’s

not said how many Shield de-

launch in July. Reuters

Ooredoo Myanmar has appointed China-based ZTE Corp as its author-

ised supplier to source telecom equipment required for build-

In December, Oordeoo Myan-mar signed an agreement with Nokia Solutions and Networks, a subsidiary of Nokia Corp, to supply radio and core equip-

Ooredoo, one of the two win-

Htet Aung ners of Myanmar’s telecom licences, is planning to launch

a major supplier of backbone infrastructure to state-owned telecom operator Myanmar Posts and Telecommunications (MPT).

Although the Telecommuni-cations Law has been enacted on October 8 last year, Qatar’s Ooredoo and Norway’s Telenor who won the two nationwide telecom licences in June

the licences.

-

and infrastructure required to

awarded.

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AUTOMOBILE 29January 16-22, 2014


Toyota up 19.4pc, Honda 60pc, Nissan 70.4pc in December

Japanese automakers

slump in car sales in China in 2012 by registering

December, carmakers Toyota Motor Corp, Nissan Motor Co

said last week.Toyota and its two local part-

ners sold about 108,400 auto-mobiles in China in December

a record 101,465 automobiles, up 60.4 percent from a year earlier, and Nissan and its lo-

automobiles in China in De-cember, up 70.4 percent from a year earlier, the Japanese automakers said.

For Toyota the rise follows a 40.7 percent year-on-year jump

Aye Myat

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Kyaw Min

K-based Rolls-Royce Motor Cars is eyeing Myanmar to expand its

footprint in Asia as the luxury

Myanmar Summary

Check Cars at PortTransport ministry to take responsibility on missing car parts

The authorities will allow automobile importers to check their cars for

allegations of lost accessories

ter said.“We would not like to en-

counter these incidents [of loss of items of imported auto-mobiles] at the port anymore. So, we’re arranging for the automobile owners or agents to examine their imported cars

Nyan Tun Aung said at a press conference held at Myanma Port Authority headquarters.

Automobiles can be tested again with the help of a three-member probing group when it reaches the warehouse after landing at the port, the minis-ter said.

ministry will take responsibil-

parts while in port warehouses.

said that the importers are un-

that list the number of accesso-ries and the original condition of the imported car.

They said the importers think

Phyu Thit Lwin that the loss of accessories occurs at the port, but the de-

imported cars don’t match the condition described in auction documents.

between a ship carrying auto-

a ship docks we make take photos to record the condition

warehouse. We take photos

director general of Myanma Port Authority, said.

“Losses in the port is only 15 percent,” he claimed.

“The owners who pick up imported automobile should

lecting the car and car agents

porters and Manufacturers

Aung said 50 percent of those “lost” or “missing” cases hap-pen at the port.

were imported from 2011 to

mar Port Authority.

Myanmar Summary

fourth straight annual sales record last week.

Rolls-Royce opened 15 new dealerships last year in cities

noi and Manila, and expected to open up to eight more in 2014,

eyeing Myanmar and Azerbai-

The 110-year-old British car maker, bought by Germany’s

the super-rich in Asia and the Middle East.

British-based luxury car maker, owned by India’s Tata Motors, is also looking at entering Myanmar, according to its Southeast Asian partner.

Sales in China jumped 11 percent last year to match those

time and Rolls-Royce is eying new markets this year including Myanmar, Torsten said.

The head of the luxury car maker had a few predictions for 2014 – less bling, greater demand for customisation, and more women buyers. It is also looking at entering the sport-

not made a decision, he told Reuters.

Rolls-Royce’s bumper sales report came a day after Bentley Motors, another British luxury car brand now under the Ger-man ownership of Volkswagen,

Torsten said sales were strong

Germany, Japan, Qatar and Canada and were particularly good in the Middle East, rising 17 percent.

now both accounted for 28 per-cent of its sales, while the Mid-dle East snapped up 20 percent and Asia 10 percent.

Torsten said future growth de-pended on Rolls-Royce’s global strategy. It is now present in 40 countries and is starting to appeal to a growing number of

positions, who currently ac-count for about 10 percent of sales.

Car exports from Britain last year were up 7 percent, gener-

economy.

cent rise in October, which were partly boosted by a low base from 2012 when sales tumbled due to a surge in anti-Japan sentiment following a territo-rial dispute between Beijing and Tokyo.

percent year-on-year rise in

surge in October. Nissan fol-lowed its 95.7 percent year-on-

127.8 percent surge in October.

cent from a year earlier, beating

and the Jade in September, sold

26.4 percent from a year earlier and hitting a record high. In

year earlier, matching its target

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mmbiztoday.comCLASSIFIEDS 30

SOCIAL SCENES 31January 16-22, 2014


Myanmar military guard of honor attend a ceremony to mark Myanmar's 66th Independence Day in Nay Pyi Taw. U Aung/Xinhua

Myanmar Vice President Sai Mauk Kham reads Independence Day mes-sage of President U Th ein Sein during a ceremony to mark Myanmar’s 66th

Independence Day in Nay Pyi Taw. A national fl ag-raising ceremony was held that morning to celebrate the Independence Day. U Aung/Xinhua

Myanmar ethnics attend a ceremony to mark Myanmar’s 66th Independence Day in Nay Pyi Taw. U Aung/Xinhua

Myanmar Vice President Sai Mauk Kham salutes during a ceremony to mark Myanmar’s 66th Independence Day in Nay Pyi Taw. U Aung/Xinhua

Myanmar military guard of honor at-tend a ceremony to mark Myanmar’s 66th Independence Day in Nay Pyi Taw. U Aung/Xinhua

Myanmar ministers attend a ceremony to mark Myanmar’s 66th Independence Day in Nay Pyi Taw. U Aung/Xinhua

Chinese Buddhist Pictures Display at the Shwedagon

Pagoda in Yangon

Khun Tun Maung. Htet Aung Zaw Htoo Aung. Htet Aung Sandi Myint Lwin. Htet Aung

Poe Ei San. Htet Aung Sai Sai Khang Hlaing.Htet Aung Wanted Band. Htet Aung

Myanmar’s 66th Independence Day Ceremony in Nay Pyi Taw

Myanmar Music Awards in Yangon

Award winners pose for a photo. Htet Aung

Opening Ceremony of Yangon General Hospital Training Centre by Sea Lion Co Ltd

Speech from a delegate. Sea Lion

Delegates pose for a photo. Sea Lion

Ribbon cutting. Sea Lion

Delegates cut ribbon to launch the Yangon General Hospital Training Centre. Sea Lion

Ribbon cutting. Sea Lion

A Buddhist devotee visits the Chinese Buddhist pictures display at the Shwedagon Pagoda in Yangon. U Aung/Xinhua

Chinese Ambassador Yang Houlan (2nd L) cuts the rib-bon during the Chinese Buddhist pictures display at the Shwedagon Pagoda in Yangon. U Aung/Xinhua

Chinese Ambassador Yang Houlan delivers a speech during the Chinese Buddhist pictures display at the Shwedagon Pagoda in Yangon. U Aung/Xinhua

Buddhist devotees visit the Chinese Buddhist pictures display at the Shwedagon Pagoda in Yangon. U Aung/Xinhua


mmbiztoday.com

32ENTERTAINMENT

K-Pop Stars to Rock Yangon in February

After featuring a host of big international per-formers in the last cou-

ple of years, Yangon will keep the momentum going this year with some famous K-pop stars set to perform in Myanmar’s commercial hub next month.

As Myanmar opened itself up to the world in 2011 following

the stage in Myanmar. The list includes American pop rock singer Jason Mraz performing in December 2012, Danish rock band Michael Learns to Rock (MLTR) and Japanese girl pop group Berryz Kobo in March last year, Australian soft rock legend Air Supply in August and Swedish pop band Abba in

The upcoming South Korean

Phyu Thit Lwin

Yangon’s Thuwunna Indoor Stadium on February 8 and it aims at strengthening mutual relations and boosting cultural exchange between South Korea and Myanmar, the organiser of

Organised by Pee Paw Enter-tainment from Myanmar and South Korean DM Company, the concert will feature famous Korean pop music bands – Sistar, After School, ZE:A and

Legendary Korean actor Song

Il Gook who is well known in Myanmar for his roles in Ko-rean dramas will also perform

second time for Song Il Gook to meet Myanmar audiences as he

year to attend the Korean Film

dramas such as Jumong and

grandson of Kim Du-han, great grandson of the famous Ko-

general Kim Jwa-jin during the early 1900s, and the son of Korean actress and congress-woman Kim Eul Dong.

Sistar is a girl group formed in 2010 under the management of Starship Entertainment. The

Soyou and Dasom.After School, often stylised

ated as A.S., is also a girl group formed by Pledis Entertainment in 2009, with an admissions and graduation concept. The band consists of eight mem-

Raina, Nana, Lizzy, E-Young and Kaeun.

name is an acronym, standing

national idol Super Star. The group consists of Soohyun, Eli,

ZE:A, also known as Children

Aft

er S

choo

l

U K

ISS

ZE:A

of Empire, is a South Korean 9-member boy band formed under Star Empire Entertain-ment. The group debuted on

KBS’s Music Bank in 2010.The security measures will

be tightened for the occasion,

tickets will be sold at shopping centres in Yangon from the third week of January.

Myanmar and South Korea

sector of culture with Korean

mar annually since 2006.A South Korean speech

contest is also held annually to encourage Myanmar people to study the East Asian country’s

were launched in Yangon partly to boost business relationship between the two countries.

News & Politics

Myanmar Business Today - Vol 2, issue 3