MYANMARS FIRST BILINGUAL BUSINESS JOURNAL mmbiztoday.

com January 23-29, 2014 | Vol 2, Issue 4

Myanmar Summary
Contd. P 6...(ASLA)
The venue of the rst Myanmar-hosted ASEAN Foreign Ministers Meeting (AMM) Retreat in Bagan, MandaIay.
U
A
u
n
g
/
X
in
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u
a
Building ASEAN Community
Main Agenda: FM
Myanmar hosts frst high-level ASEAN meeting
Kyaw Min

oreIgn MInIsLer U Wunnu

Muung wIn suId IusL
week LIuL ASEAN Ius
Lo work on uccompIIsIIng LIe
remuInIng work oI buIIdIng LIe
ASEAN CommunILy by zo1
und seL u new vIsIon beyond
LIuL yeur.
TIe mInIsLer cuIIed Ior re-
doubIed eorLs Lo execuLe LIe
ASEAN ConnecLIvILy MusLer
PIun, sLressIng on Myunmur`s
udvunLugeous geogrupIIc posI-
LIon us u Iund brIdge beLween
SouLIeusL AsIu und ILs sLruLegIc
purLners CIInu und ndIu.
He mude LIe remurks In IIs
openIng speecI us LIe cIuIr uL
LIe ASEAN oreIgn MInIsLers
MeeLIng (AMM) ReLreuL, IosLed
by Myunmur Ior LIe hrsL LIme
In LIe uncIenL cILy oI Bugun In
MunduIuy regIon.
Contd. P 6...(ASLA)
FDI into Myanmar $34.2b
in g yeurs: Om ciul
A
IIgI runkIng om cIuI Ius
conhrmed LIuL over LIe
pusL z yeurs, Myunmur
receIved u LoLuI oI $q.z bIIIIon
ucLuuI IoreIgn InvesLmenL ow
InLo LIe counLry.
TIe $q.z bIIIIon Irom z
counLrIes und regIons wus
InjecLed InLo 81 projecLs In
11 secLors us oI December
zo1 Irom IuLe 1q88, DepuLy
MInIsLer Ior NuLIonuI PIunnIng
und EconomIc DeveIopmenL Dr
Duw KIIn Sun YI LoId LIe ongo-
Ing ower House sessIon oI LIe
purIIumenL In Nuy PyI Tuw.
Myunmur promuIguLed u
new IoreIgn InvesLmenL Iuw In
November zo1z, repIucIng LIe
decudes-oId sImIIur Iuw In u bId
Lo IurLIer uLLrucL IoreIgn InvesL-
menL Lo LIe counLry In IIne wILI
ILs reIorm sLruLegy.
TIe new Iuw uIIows IoreIgn-
ers Lo muke IuII InvesLmenL or
seL up joInL venLure operuLIons
wILI IocuI purLners on muLuuIIy
ugreed ruLIo oI InvesLmenL.
However, economIsLs suId
LIuL skyrockeLIng prIces oI reuI
esLuLe Is deLerrIng new IoreIgn
InvesLmenL InLo Myunmur.
TIe depuLy mInIsLer IurLIer
reveuIed LIuL LIe governmenL
creuLed over oo,ooo jobs In
LIe counLry us oI December
Aye Myat zo1 sInce 1q88.
AccordIng Lo Myunmur
EconomIc ndIcuLors reIeused
by LIe nLernuLIonuI MoneLury
und (M), Myunmur`s gross
domesLIc producL (GDP) grew
. percenL wILI consumer prIce
InuLIon reucIIng ;. percenL In
zo1.
Myunmur`s GDP wIII rIse
6.z percenL wILI u 6.6 percenL
consumer prIce Index In zo1q,
M suId.
Myanmar Summary
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January 23-29, 2014
Myanmar Business Today
mmbiztoday.com
2
LOCAL BIZ
Myanmar Summary
MYANMARS FIRST BILINGUAL BUSINESS JOURNAL
Board of Editors
Editor-in-Chief - Sherpa Hossainy
Reporters & Writers
Sherpa Hossainy,Kyaw Min, Shein Thu Aung,
Phyu Thit Lwin, Htet Aung,
Su Su, Aye Myat, Daisuke Lon, Yasumasa Hisada
Art & Design
Zarni Min Naing (Circle)
DTP
May Su Hlaing
Translators
Shein Thu Aung, Phyu Maung
Advertising
Tay Zar Zaw Win, Seint Seint Aye, Moe Hsann Pann
Advertising Hotline - 09 7323 6758
Managing Director
Prasert Lekavanichkajorn
pkajorn@hotmail.com
Email
Editor - sherpa.hossainy@gmail.com
Advertising - sales.mbtweekly@gmail.com
Designer - zarni.circle@gmail.com
Phone
Editor - 09 42110 8150
Designer - 09 7310 5793
Publisher
U Myo Oo (04622)
No. 1A-3, Myintha 11
th
Street,
South Okkalapa Township, Yangon.
Tel: 951-850 0763,
Fax: 951-8603288 ext: 007
Penbun Distribution Co., Ltd.
Tel: (662) 6158625-33 Fax: (662) 6158634
Distributor (Bangkok)
Subscription & Circulation
Aung Khin Sint - aksint2008@gmail.com
092043559
Nilar Myint - manilarmyint76@gmail.com
09421085511
Myanmar to Revi se For ei gn Deals Si gned by
For mer Govt
Myunmur governmenL pIuns Lo revIse ubouL 8oo
ugreemenLs sIgned beLween LIe Iormer governmenL
und IoreIgn compunIes, orgunIsuLIons und governmenLs
Lo be In IIne wILI LIe presenL sILuuLIon.
Dai ly Gas Di str i buti on to be I ncr eased by 200
Mcfd Next Fi scal
Energy MInIsLer, Zeyur Aung, suId In LIe PurIIumenL
IusL week LIuL duIIy nuLuruI gus dIsLrIbuLIon In LIe coun-
Lry wIII be Increused by zoo mIIIIon cubIc IeeL per duy
(mcId), brIngIng LIe LoLuI Lo q; mcId, eecLIve nexL
hscuI sLurLIng on AprII 1.
Yangon Needs About 300,000 Homes
AbouL oo,ooo new Iomes ure needed Ior IncreusIng
popuIuLIon In commercIuI cILy Yungon, DepuLy Con-
sLrucLIon MInIsLer Soe TInL suId.
OnIy ;,ooo new Iomes ure buIIL eucI yeur In LIe cILy,
wIIcI Ius u popuIuLIon oI 6 mIIIIon, ubouL 1o percenL oI
LIe counLry`s LoLuI.
Myanmar to Allow For ei gn Banks Next Year
Myunmur wIII uIIow some IoreIgn bunks Lo operuLe
In LIe counLry Irom LIe nexL hscuI yeur, begInnIng
AprII, DepuLy CenLruI Bunk Governor KIIn Suw Oo LoId
purIIumenL.
Myanmar to I ncr ease Phone Access by 50
Per cent
Myunmur wIII Increuse LeIepIone uccess by o percenL
durIng LIe nexL hscuI yeur sLurLIng AprII by uddIng more
LIun 1o,ooo Iund IInes und mIIIIon mobIIe pIone SM
curds, TeIecommunIcuLIons MInIsLer MyuL HeIn LoId
purIIumenL.
Exi m Bank of I ndi a Extends New Li nes of
Cr edi t to Myanmar
ndIu`s ExporL-mporL Bunk (ExIm Bunk) Ius exLend-
ed upproxImuLeIy $q mIIIIon In credIL Lo Myunmur
oreIgn Trude Bunk (MTB), one oI LIe Iour sLuLe-
owned bunks, Lo hnunce eIgILeen IrrIguLIon projecLs
und upgrude LIree mujor ruIIrouds.
Bused on LIe Lerms oI LIe ugreemenL, Myunmur Is
requIred Lo source uII goods und servIces requIred Ior
LIe projecLs Irom ndIun suppIIers.
Investment And Iinunce Lpdute
TIe ndIun sLuLe-owned bunk opened u represenLuLIve
om ce In Yungon In SepLember Lo promoLe Lrude Lruns-
ucLIons und economIc LIes beLween LIe Lwo counLrIes.
ExIm Bunk Ius so Iur nIne IInes oI credIL exLended Lo
MTB, worLI u LoLuI oI upproxImuLeIy $6oo mIIIIon.
MPU to Star t Accepti ng J CB Car ds i n
Myanmar
Myunmur PuymenL UnIon (MPU), LIe nuLIonuI puy-
menL neLwork, und Jupun CredIL Bureuu nLernuLIonuI
Co Ld (JCB) joInLIy unnounced LIuL member bunks
oI MPU Iuve sLurLed uccepLIng JCB curds In more LIun
z,ooo sLores ucross LIe nuLIon.
MPU wIII IucIIILuLe JCB curd IoIders vIsILIng LIe coun-
Lry Lo use LIeIr curds uL over z,ooo MPU mercIunLs und
oo ATMs.
JCB Ius Iud u presence In Myunmur sInce 1qq.
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_~:.. ._ ..:._ _:.q...~~_.,.:.~.,_e~e.
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....:.q.__e.._~:..q._.
3
January 23-29, 2014
Myanmar Summary
Contd. P 21...(Ayeyarwady Bank)
Myanmar Business Today
mmbiztoday.com
LOCAL BIZ
Telenor, Ooredoo Granted
Telecom Operution Licence
A
senIor Myunmur nvesLmenL CommIssIon (MC)
om cIuI suId LIuL operuLIon IIcences Iud been
grunLed IusL week Lo TeIenor und Ooredoo, LIe
Lwo InLernuLIonuI LeIecom gIunLs seIecLed LIrougI bId-
dIng mId IusL yeur.
TIe Lwo operuLors Iud eurIIer unnounced pIuns Lo
InvesL ubouL $1 bIIIIon und $z bIIIIon respecLIveIy In
LIe 1-yeur projecLs.
TIe MC, durIng u meeLIng IeId In Nuy PyI Tuw,
uIIowed boLI LIe IIcence wInners 1oo percenL InvesL-
menL, sources suy. TIe proposuIs submILLed by boLI
compunIes were pussed on Lo LIe MC by LIe MInIsLry
oI CommunIcuLIons und nIormuLIon TecInoIogy.
BoLI compunIes, Norwuy`s TeIenor und QuLur`s Oore-
doo, Iuve uIreudy opened counLry om ces In Myunmur.
Ooredoo`s muIn operuLIons ure In QuLur, KuwuIL,
Omun, AIgerIu, TunIsIu, PuIesLIne und MuIdIves wILI
qz mIIIIon subscrIbers, wIIIe TeIenor Ius operuLIons In
ScundInuvIu, EusLern Europe und SouLI AsIu wILI 161
mIIIIon cusLomers.
Su Su
Myanmar Summary
_., .: q .. ._. . . . .~: .q . ~_~ .~, .~. ..: ~. .-
._.:_~:..~~q Telenor . Ooredoo ~~:. ..,...:
q~....:.~:.. , . ._ ~.~ ~ ..... _. _e. ._~:..q
._.
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:.q._..,._~..._._e.._.
e. .~:..q~:_~....~.,_e ~ .. ~:..~,..:.~
~..q~,..'.:~.e..e~....q..._....:.
q,~.~.q._~:.~._.~..:..~:.~~_.,._~_:
.._.
Ayeyurwudy Bunk to Introdoce Internet
Banking, Eyes Major Expansion
W
Ien CoIIn cume
buck Lo Myunmur
Irom SIngupore hve
monLIs ugo Ie Iound IL u very
cIuIIengIng envIronmenL Lo
work In. WIen wus overseus,
everyLIIng wus In pIuce. BuL
wIen you work Iere, In Lerms oI
Iumun cupucILy und producLIv-
ILy, IL`s noL LIe sume uL uII. L`s
uIso Iurd Lo communIcuLe mes-
suges LIrougI someLImes, suId
CoIIn (wIose Myunmur nume
Is TIuru Muung), ussIsLunL
generuI munuger oI Ayeyurwudy
Bunk`s SLruLegIc PIunnIng De-
purLmenL, LIe bruIn beIInd LIe
bunk`s producLs und servIces,
IuLure pIuns und expunsIon
sLruLegIes.
BuL now Ie Is IucIng up Lo LIe
cIuIIenges. SomeLImes IL`s noL
ubouL Iow mucI you know, buL
ubouL Iow weII you know Iow
peopIe work. TIere ure cIuI-
Ienges - noL onIy domesLIc buL
uIso IoreIgn bunks ure IucIng
LIem.
Ayeyurwudy Bunk, owned by
Lycoon U Zuw Zuw, sLurLed ILs
Sherpa Hossainy
operuLIons In AugusL zo1o uILer
IL receIved LIe CenLruI Bunk oI
Myunmur`s upprovuI. SInce LIen
IL Ius esLubIIsIed q bruncIes
und expunded ILs cusLomer buse
Lo ubouL 1o,ooo. TIe bunk`s
usseLs jumped Irom $q mIIIIon
In zo11 Lo $6 mIIIIon In June
zo1, und revenues Increused
by u sLuggerIng ,6o percenL
Lo $1;.6 mIIIIon over LIe sume
perIod.
TIe US Treusury In ebruury
IusL yeur IIILed ILs suncLIons on
Ayeyurwudy Bunk, uIong wILI
LIree oLIer Myunmur bunks,
Contd. P 21...(Ayeyarwady Bank)
Thura Maung (CoIin), assistant generaI manager, Strategic PIanning Bepartment, Ayeyarwady Bank, poses for a photo foIIow-
ing an interview with Myanmar Business Today.
K
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~~~ ~~e~ .,..'..~,_._
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q.:..: -q:~~- .~.:~
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Planning) _e.. ..q..: ~
._.:._.
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~~:.~:.~~ ~_.:...~
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_.~. . .~~_.:._..
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.,.,.._..~.....q ~~~~~
q_._e.._~_. ~~~ .... ~~,
January 23-29, 2014
Myanmar Business Today
mmbiztoday.com
LOCAL BIZ
4
Private Firm to Operate Myanmars
State-Run English Daily
M
yunmur`s sLuLe-run
EngI I s I- I u nguu ge
duIIy newspuper TIe
New IgIL oI Myunmur suId IusL
week LIuL IL wIII be operuLed In
cooperuLIon wILI IocuI prIvuLe
hrm GIobuI DIrecL Ink Co.
A joInL venLure - GIobuI New
IgIL oI Myunmur Co - wIII be
Iounded und IL wIII pubIIsI LIe
revumped New IgIL oI Myun-
mur duIIy.
TIe MInIsLry oI nIormuLIon
wIII IoId 1 percenL oI LIe
joInL venLure`s sLukes wIIIe LIe
prIvuLe compuny wIII own LIe
resL, uccordIng Lo LIe News und
PerIodIcuIs EnLerprIse under
LIe mInIsLry.
TIe Myunmur governmenL
sLurLed medIu reIorm In June
zo11 und domesLIc medIu pubII-
cuLIon conLroI wus IIberuIIsed In
AugusL zo1z.
L unnounced In December
zo1z Iree pubIIcuLIon oI prIvuLe
Kyaw Min duIIy newspupers, dIssoIvIng ILs
Press ScruLIny und RegIsLruLIon
DIvIsIon.
SInce LIen, 1 prIvuLe duIIy
newspupers Iuve been uIIowed
Ior pubIIcuLIon, umong LIem
LIere ure zq Myunmur-Iun-
guuge pupers und Lwo EngIIsI-
Iunguuge pupers.
However, LIe mInIsLry wurned
LIuL oI LIe grunLed pubIIcuLIons,
over Lwo dozens oI duIIIes, jour-
nuIs und muguzInes, wIII Iuve
LIeIr pubIIcuLIon permIssIon
revoked II LIey IuII Lo pubIIsI In
LIme.
Myunmur now Ius sIx sLuLe-
owned duIIIes und more LIun
zoo prIvuLe-run weekIy jour-
nuIs In Myunmur, EngIIsI und
CIInese Iunguuges us weII us
over zoo muguzInes und neurIy
;,ooo prIvuLe pubIIsIers.
BesIdes grunLIng pubIIcuLIon
oI prIvuLe duIIy newspuper, LIe
governmenL uIso sLurLed Lo per-
mIL more IoreIgn news ugencIes
Lo open om ces In Myunmur.
Myanmar Summary
EmpIoyees get freshIy printed copies of New Iight of Myanmar at newspaper's ofce in Nay Pyi Taw. EstabIished in 1993,
the state-run New Iight of Myanmar was the country's onIy EngIish-Ianguage daiIy newspaper untiI Iast year. It is now facing
competition from private pubIishers and is undergoing a redesign.
M
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_.,.:.- ~..:.: .~:.
_e ., . ~ ...~ ..:~. . _e.
..: New Light of Myanmar .
. , . ._ ~.~ ~ ._.:_~:.. .~ ~q
,...,.~.,_e _._~...~
..,.~.._e.._ Global Direct
Link Co . ....|...:q~.:.
.__e.._~:. .q._.
~~.~..,._e.._ Global
New Light of Myanmar Co ~:.
~_ .: . :.._ _e. _. . New Light
of Myanmar ., . .~ ..:~:. . .
.~:..,.~:_..:..q, ~.~
.:..__e.._~:.._. .q._.
~~~ ... ~,...~_ _.,.:
~. .q~.,_e . . e:_._. ._.: .. .
.:.~ .~..:q~._.. _._~.
. . e:. .. .~ .~ _ , ... . ~ .
.~._.. ._ . ~~ . . . . ~ :
.~ ...,.~.~..:.:.
~:..~...:~.~._.. _. .. ..
.q.~._. .ee~.... ._.
Myanmars Foreign
Debt Now $5 Billion
M
yunmur Ius over $
bIIIIon In ouLsLuLndIng
IoreIgn debL Lo LIe
WorId Bunk, AsIun DeveIop-
menL Bunk und PurIs CIub
members, u Lop om cIuIs suId.
WIen PresIdenL U TIeIn
SeIn`s governmenL Look om ce In
zo11 LIe debL umounL wus $11
bIIIIon, Dr Zuw Oo, economIc
udvIsor Lo LIe presIdenL, suId.
OI LIe $ bIIIIon, $q bIIIIon Is
owed Lo LIe PurIs CIub Mem-
bers wIereus LIe resL Is LIe
Ioun exLended by LIe Jupunese
governmenL Lo puy buck debL
Aye Myat Lo LIe WorId Bunk und AsIun
DeveIopmenL Bunk.
Dr Zuw Oo suId some PurIs
CIub members Iuve ugreed Lo
wrILe o some umounL oI LIe
LoLuI debL, buL reIused Lo nume
LIe counLrIes.
TIe PurIs CIub Is un InIor-
muI group oI credILors wILI
nIneLeen permunenL member
counLrIes IncIudIng AusLruIIu,
AusLrIu, BeIgIum, Cunudu, Den-
murk, InIund, runce, Ger-
muny, reIund, LuIy, Jupun, LIe
NeLIerIunds, Norwuy, RussIu,
SpuIn, Sweden, SwILzerIund,
LIe UnILed KIngdom und LIe
UnILed SLuLes oI AmerIcu.
Myanmar Summary
The WorId Bank Croup's headquarters in Washington BC.
W
M
C
_., .:. ~.,_e ~. : ~ ~:q
e_e.~.~~.q.~. Paris Club
members ~. ._~.~q.,_..
_.,._.....q._..:~.: ~..
q~,..'.: .e.~:q._~:.
. ~, .~. ..: ~. .~ ._.:_~:..
._.
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..|~~: ..~:.~ ._.:_~:..._.
~..| ._~._. ~..q~,..'.:
.e~ , .e~:. Paris Club
Members . ...e._.._e.._.
Paris Club members . ....|.
._~._...:~~ ~.~ .ee~...
. :.q, ~~ ~ ..:~ _ .... ._~: .
._ .:_ ~:.. ..: ._ . .e e ~ ...
._..:.-~._~ ~.e:._.:
_~:._...q._~:. .q._.
LOCAL BIZ
5
January 23-29, 2014
Myanmar Summary
Contd. P 9...(Myanmar's Stockmarket)
Myanmar Business Today
mmbiztoday.com
Myunmur to Introdoce Permunent
Residence System Ior Ioreigners
Shein Thu Aung
M
yunmur wIII InLroduce permunenL resIdence
(PR) sysLem LIIs yeur Ior IoreIgners, purIIu-
menL sources quoLed MInIsLer oI mmIgruLIon
U KIIn YI us suyIng IusL week.
KIIn YI mude LIe dIscIosure uL LIe ongoIng purIIu-
menL sessIon In Nuy PyI Tuw wIen mukIng dIscussIons
on LIe Lusks Lo be currIed ouL In LIe hscuI yeur zo1q-1.
KIIn YI uIso suId LIe governmenL wIII promoLe LIe
sysLem oI grunLIng onIIne vIsu.
SInce Myunmur InLroduced vIsu-on-urrIvuI sysLem on
June zo1z, LruveIIers Irom 1 counLrIes Iuve benehLed
Irom LIe sysLem.
SIgnIng oI memorundu oI undersLundIng Is beIng
pIunned Ior grunLIng vIsu exempLIon Lo vIsILors Irom
16 counLrIes IncIudIng 1o ASEAN member nuLIons In
zo1q-1, Ie IurLIer reveuIed.
TIe q
LI
reguIur sessIons oI LIe Lwo Houses oI Myun-
mur`s purIIumenL - House oI RepresenLuLIves (ower)
und House oI NuLIonuIILIes (Upper), begun In Nuy PyI
Tuw Monduy IusL week wILI LIe ower House dIscuss-
Ing sLuLe budgeL bIII Ior LIe zo1q-1 hscuI yeur und oLIer
ImporLunL Iuws.
PresenLuLIons ure uIso beIng mude on nuLIonuI pIun-
nIng bIII (zo1q-1), u number oI LuxuLIon bIIIs, medIu
Iuw In dIspuLe und specIuI economIc zone bIII Lo LIe
unIon purIIumenL comprIsIng boLI Houses.
Myanmar Summary
Myunmur's Stockmurket reum Muy Huve to Wuit
Motokazu Matsui
T
Ie pusI Lo seL up u sLock
murkeL In Myunmur by
zo1 Is IuIIIng beIInd
scIeduIe, IIL by u sIorLuge oI
munpower und know-Iow.
undruIsIng demund umong
compunIes Iere Is expundIng
uIong wILI LIe economy, und u
sLock murkeL wouId greuLIy IeIp
IunneI cusI LIeIr wuy. BusIness-
es cun Lurn Lo bunks Ior Iouns,
buL LIey ure oILen IouLI Lo do
so becuuse Myunmur`s hnuncIuI
InsLILuLIons generuIIy Iuve IILLIe
know-Iow In munugIng credIL
rIsk und LIereIore requIre LIuL
reuI esLuLe be used us coIIuLeruI.
WILIouL u bourse Lo suppIy
growLI money Lo compunIes,
Myunmur`s economy wIII Iuve
u Iurder LIme cIImbIng IIgIer.
TIe SouLIeusL AsIun counLry
enucLed u securILIes und ex-
cIunge Iuw In JuIy Lo puve LIe
wuy Ior LIe pIunned sLock mur-
keL. BuL moves Lo druw up un
ordInunce Ior enIorcIng LIe Iuw,
wIIcI IncIudes specIhc LrudIng
ruIes, Iuve been sLymIed. Now IL
Iooks IIke LIe ordInunce, wIIcI
wus supposed Lo be prepured
In zo1, wIII noL be reudy unLII
sprIng.
CurrenLIy, LIe governmenL Is
workIng wILI Jupun`s Inunce
MInIsLry, Jupun ExcIunge
Group und DuIwu SecurILIes
Group Lo creuLe LIe busIc
Irumework Ior LIe murkeL, sucI
us cIurIIyIng LIe roIe oI LIe se-
curILIes und excIunge commIs-
sIon und esLubIIsIIng dIscIosure
ruIes Ior IIsLed compunIes. usL
monLI, DuIwu SecurILIes Group
sIgned un udvIsory ugreemenL
wILI Myunmur`s AsIu Green
DeveIopmenL Bunk.
Movi ng li ke molasses
TIe progress, Iowever, Ius
been sIow. TIere ure onIy u Iew
omcIuIs engugIng In prucLIcuI
operuLIons on LIe Myunmur
Contd. P 9...(Myanmar's Stockmarket)
_.,.:.~.,_ee...~._.:..:..:.~~~ per-
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~ securities and exchange law
January 23-29, 2014
Myanmar Business Today
mmbiztoday.com
LOCAL BIZ
6
From page ...(ASLA)
Thailands Protests Hit Myanmars
Tourism Industry
Christina Larson

or duys, LIousunds oI un-

LIgovernmenL proLesLors
Iuve hIIed LIe sLreeLs oI
Bungkok, cIoggIng InLersecLIons
und cuIIIng Ior PrIme MInIsLer
YIngIuck SIInuwuLru Lo sLep
down. TIe counLry`s LourIsm
IndusLry Is expecLed Lo Luke u
mujor IIL, wILI vIsILors Irom
CIInu projecLed Lo decIIne ;o
percenL In Junuury und durIng
LIe crucIuI CIInese New Yeur
IoIIduy.
BuL IL`s noL onIy TIuIIund`s
LourIsm secLor LIuL`s suerIng.
NeIgIbourIng Myunmur Is uIso
IeeIIng LIe cIIII. UsuuIIy LIIs
LIme oI yeur Is u popuIur Lour-
IsL seuson, Aye Mru TIu, un
omcIuI uL sLuLe-run Myunmur
AIrwuys nLernuLIonuI, LoId LIe
DemocruLIc VoIce oI Burmu
medIu group.
SIe suId LIuL pussengers were
down qo percenL on IgILs
beLween Bungkok und Yungon
(muny InLernuLIonuI IgILs Lo
Myunmur`s cupILuI ure rouLed
LIrougI Bungkok). Even us Iew-
er LourIsLs urrIve In Myunmur,
LruveI ugencIes bused In Yungon
uIso reporLed unuemIc busIness
bookIng vIsILors Lo TIuIIund.
RougIIy LIree yeurs uILer
PresIdenL TIeIn SeIn kIcked o
Myunmur`s poIILIcuI LrunsIor-
muLIon und economIc reIorm
ugendu, LIe counLry`s growLI
record Ius been mIxed. rom
AprII zo1z Lo AprII zo1, My-
unmur`s GDP grew uL u IuIrIy
ImpressIve 6. percenL, IurgeIy
IueIIed by Increused exporLs oI
gus und commodILIes, uccord-
Ing Lo omcIuI sLuLIsLIcs (wIIcI
some observers quesLIon).
YeL sIgnIhcunL burrIers Lo
InvesLmenL remuIn. TIe WorId
Bunk`s DoIng BusIness reporL
Ior zo1q runked Myunmur neur
LIe boLLom: 18z ouL oI 18q
counLrIes. PurLIcuIurIy LIorny
ureus IncIuded sLurLIng u busI-
ness, enIorcIng conLrucLs,
proLecLIng InvesLors, und
geLLIng credIL, uccordIng Lo
LIe reporL.
YeL LourIsm In Myunmur Ius
been u reIuLIve brIgIL spoL. Tour-
IsL urrIvuIs In Myunmur doubIed
In zo1, Lo z mIIIIon. L`s sLIII u
smuII sIIce oI LIe economy, buL
IL`s u IusL-growIng componenL
oI Myunmur`s nuscenL servIce
secLor. NexL monLI, wIen oo
or so IospILuIILy proIessIon-
uIs convene In Yungon Ior LIe
second unnuuI Myunmur Hos-
pILuIILy & TourIsm ConIerence,
IL`s u neur-cerLuInLy LIuL one IoL
LopIc wIII be LIe sLuLe oI uuIrs
ucross LIe border In TIuIIund.
Businessweek
Myanmar Summary
An anti-government protester waves a Thai nationaI Hag at Victory Monument in centraI Bangkok.
A
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.~,_~... q.~q,:~.~:.
q:.. .~~...q,~~~ .:
..|..:..:..: ~..q.,~.._.
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~ q~.:..:_~:.~: .,q:e
:.._~._.
..- .q..:...,.~.,_e
e.~. .._...:.._~: ~_~.
~~e . ~ . . ._ e ., . , .q_. .
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.:.~ .q.._.:. ..,..~.|..:
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. . . -_..~ _., .:. - . . ..| .
_._~.~~,.: '. q:..,.
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. . .~ , .. _ ..:. ~. . ._ ~:
~.~_e.._~:. ~q:.~.:q.~.
~.~~.~.:.~q .q._.
. ..: ._ . q. .. _. . . ..:.
~~~ ~.~ ~. ~~:.~. .. :.
~,q.,...._e.._.
To seL up u new vIsIon beyond
zo1, Ie usked Ior LIe process
Lo kIck o us soon us possIbIe
uILer hnuIIsIng LIe Lerms oI
reIerence.
Myunmur wIII work cIoseIy
wILI uII ASEAN members und
purLIcuIurIy In LIIs regurd wILI
MuIuysIu, LIe nexL cIuIr, und
Luke un InILIuLIve Lo IormuIuLe
Nuy PyI Tuw DecIuruLIon durIng
ILs cIuIrmunsIIp.
EmpIusIsIng LIuL LIe revIew
oI ASEAN nsLILuLIons Is uIso
un equuIIy ImporLunL Lusk, Ie
urged Lo prompLIy IuuncI LIe
work oI IIgI-IeveI Lusk Iorce,
suyIng LIuL Myunmur Is reudy
Lo IosL LIe hrsL HT meeLIng.
DurIng Myunmur`s cIuIrmun-
sIIp, LIe counLry Is seLLIng
prIorILIes Lo IormuIuLe ASEAN
CommunILy PosL-zo1 VIsIon,
promoLe SMEs us prIme mov-
ers oI ASEAN`s economy, und
uddress nurrowIng LIe deveIop-
menL gup umong LIe member
sLuLes.
Myunmur Is uIso expecLed Lo
work on promoLIng susLuInubIe
deveIopmenL und uddress LIe
growIng Lrend oI ugIng popuIu-
LIon In LIe regIon.
TIe mInIsLer uIso cuIIed Ior
Increused eorLs Lo promoLe
LoIerunce In buIIdIng u peuceIuI
und prosperous communILy,
IurmonIous envIronmenL wILI-
In LIe socIeLIes, wIIIe encourug-
Ing LIe mujorILy Lo promoLe
LoIerunce.
He urged promoLIng LIe work
oI GIobuI MovemenL oI moder-
uLes InILIuLed by MuIuysIu und
uIso InLer-IuILIs movemenL
InILIuLed by LIe PIIIIppInes und
ndonesIu In order Lo IurLIer
enIunce peuce und Iurmony In
LIe socIeLIes.
Myunmur Ius seL LIe LIeme
Ior ILs cIuIrmunsIIp us MovIng
orwurd In UnILy Lo u PeuceIuI
und Prosperous CommunILy.
TIe AMM ReLreuL, uLLended
by ASEAN IoreIgn mInIsLers
und LIe bIoc`s represenLuLIves,
Is u IoIIow-up oI IusL TIursduy`s
SenIor OmcIuIs MeeLIng (SOM).
TIe AMM ReLreuL represenLs
LIe hrsL regIonuI meeLIng IosL-
ed by Myunmur sInce ussumIng
LIe cIuIrmunsIIp oI LIe bIoc on
Junuury 1 Irom BruneI.
Better r elati ons pr omi sed
As Myunmur IosLs LIe hrsL
IIgI-IeveI meeLIng us cIuIr oI
ASEAN, IL suId reIuLIons wILI
CIInu wIII be enIunced by ILs
IeudersIIp oI LIe regIonuI bIoc.
Ye HLuL, depuLy mInIsLer Ior
InIormuLIon und spokesperson
Ior PresIdenL U TIeIn SeIn, LoId
reporLers LIuL Myunmur`s poIIcy
oI muLuuI undersLundIng wILI
CIInu Is u sLrengLI In soIvIng
regIonuI probIems, IncIudIng
LIe LerrILorIuI dIspuLes In LIe
SouLI CIInu Seu.
beIIeve LIuL we wIII geL LIe
LrusL oI uII purLIes concerned
due Lo our LrudILIonuI, Inde-
pendenL und ucLIve IoreIgn
poIIcy. AguIn, LIe muLuuI LrusL
und good reIuLIonsIIp beLween
CIInu und our counLry Is u
sLrengLI In resoIvIng, us cIuIr-
mun, LIe regIonuI probIems, Ie
suId.
TIe ASEAN nuLIons oI VIeL-
num, LIe PIIIIppInes, BruneI
und MuIuysIu ure uII InvoIved In
LerrILorIuI dIspuLes wILI CIInu
In LIe SouLI CIInu Seu.
U Wunnu Muung wIn LoId
reporLers LIuL Myunmur wIII
uIso ucL IuIrIy Lowurds LIe
UnILed SLuLes, wIIcI suys IL
does noL Luke u posILIon on LIe
sovereIgnLy dIspuLes, buL Ius
consIsLenLIy crILIcIsed CIInese
moves IL cuIIs uggressIve.
Myunmur wIII be ucLIng us
coordInuLor beLween ASEAN
und LIe USA unLII zo1. TIuL
Is wIy reIuLIons wILI LIe US ure
good und ImprovIng, Ie suId.
Myunmur`s IoreIgn poIIcy
Is Lo Iuve good reIuLIons wILI
uny counLry. AILIougI reIu-
LIons goL Irozen uL some poInL
due Lo dIerenL sILuuLIons und
dIerenL poIILIcuI sysLems, LIe
reIuLIonsIIp now Is very wurm
und good.
ASEAN udopLed ILs VI-
sIon-zozo In 1qq; und Is sLrIv-
Ing Ior esLubIIsIIng ASEAN
CommunILy In zo1. ASEAN
comprIses Len member coun-
LrIes - BruneI DurussuIum,
CumbodIu, ndonesIu, uos,
MuIuysIu, Myunmur, PIIIIp-
pInes, SIngupore, TIuIIund und
VIeLnum.
From page ...(ASLA)
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e..,.,.._.:_~:.q:~ ~~.|
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_.,.:.~.,_e ~:.e~e~
. .:.. . ...| .. . ..: . :.._
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q:.~ ~:~,e_...,~ ....q:.
.~.,_e ~_~_e. .~.~
~:~,e..:q~.:.q._._._e.
._.
~..|.~........~ ~,_~.
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.~ . ..... .. ~ _., .:. _ _ .. .
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_~:..._.
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7
January 23-29, 2014
Myanmar Summary
LOCAL BIZ
Myanmar Business Today
mmbiztoday.com
Lotte, MGS in $S1-m JV to Bottle,
istribote Pepsi Prodocts
K
oreu-bused oLLe CIIIsung
Beveruge Co Ld suId IL
Ius Iormed u joInL venLure
wILI Myunmur GoIden SLur
(MGS) Beveruge Co Ld Lo boLLIe
und dIsLrIbuLe soIL drInk producLs
IncIudIng PepsI.
oLLe CIIIsung Beveruge Co wIII
muInLuIn u ;o percenL sLuke In LIe
busIness, und MGS wIII muInLuIn
LIe resL. TIe cupILuIIsuLIon oI LIe
joInL venLure Is $81 mIIIIon.
TIe joInL venLure InvesLmenL
wus upproved by un unnounce-
menL oI Myunmur nvesLmenL
CommIssIon (MC) In Nuy PyI
Tuw IusL week.
Byoung-Tuk Hur, munugIng
dIrecLor oI oLLe-MGS Beveruge
Co Ld, suId LIrougI LIIs InvesL-
menL Lo brIng PepsI producLIon
buck Lo Myunmur, LIe compuny
seeks Lo brIng benehLs Lo LIe
peopIe oI Myunmur.
We wIII creuLe LIousunds oI
good IocuI jobs. We wIII provIde
cureer LruInIng. We wIII work wILI
IocuI suppIIers. oLLe CIIIsung
Beveruge Co Is Ionoured und
excILed Lo Iuve LIIs opporLunILy
Lo be purL oI Myunmur`s IuLure
Kyaw Min und Lo be purLners wILI LIe MGS
Beveruge Compuny.
TIIs wouId murk LIe hrsL
reLurn oI PepsI producLIon
Lo Myunmur In zo yeurs, und
esLubIIsIes IurLIer expunsIon
oI oLLe CIIIsung`s busIness In
AsIu, oLLe suId In u sLuLemenL.
TIe joInL venLure wIII munuge
regIonuI suIes orgunIsuLIons
In 1; mujor cILIes LIrougIouL
Myunmur, oLLe suId.
TIe reIuLIonsIIp beLween
oLLe und PepsICo duLes buck
over LIree decudes Lo 1q;6 In
Koreu. oLLe CIIIsung Beveruge
Co, LIe IeudIng beveruge munu-
IucLurer In Koreu, uIso operuLes
beveruge busInesses In CIInu
und LIe PIIIIppInes.
HeudquurLered In SeouI, oLLe
CIIIsung Beveruge Compuny`s
producL porLIoIIo IncIudes cur-
bonuLed soIL drInks, juIces, coI-
Iees, Leus, IeuILI beveruges, wuLer
und uIcoIoIIc drInks. Ls producLs
ure murkeLed under vurIous
brund numes, sucI us CIIIsung
CIder, MIIkIs, eL`s Be, CunLuLu,
Ceylon Tea, SacSac, Trevi, Icis,
DeImonLe, Toduy`s Teu, PIne Bud
drInk, und HoL 6IX.
L Is uIso LIe soIe boLLIer,
reLuIIer und suppIIer oI PepsI
producLs In Koreu, und exporLs
ILs producLs Lo o dIerenL
counLrIes IncIudIng RussIu, Ju-
pun, CIInu, VIeLnum und LIe US.
~q.e:..~._..~ Lotte
Chilsung Beverage Co., Ltd .
Myanmar Golden Star (MGS)
Beverage Co., Ltd ~._ Pepsi
~.|~~ ~.q_~~,.:.~
~.._e,_e._..~~~ ~~.~
....|.._~:. ._~_:.~~.q.~
~_.,._~_:.._.
~. .|~~ .~ . ...| ...: q ~ _. .
~ _.,.:.q..._.....~:.q.
~~, ... ~,,~|q. ~ q~.,~
.,_._.~:~ ._~_:.~~...:
~_.,_ ._..~_.._e.._.
_....|...:q~.._....|.
~~~._.,.:.. Pepsi ~ . .
. _., ._ ~ .q:~ .:_. ._e. .~.
LOTTE Chilsung -~:q~....:.
.q.._....~...~.q._e.._.
BottIes of Pepsi coIa are seen in a dispIay at PepsiCo's 2U1U Investor Meeting event in New York.
M
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January 23-29, 2014
Myanmar Business Today
mmbiztoday.com
LOCAL BIZ
8
Myanmar to Host First Civil Aviation
evelopment ConIerence
Regional airlines and airport leaders set to explore opportunities in Asias upcoming aviation hub
Phyu Thit Lwin
S
pIere ConIerences, LIe
conIerence urm oI SIn-
gupore Press HoIdIngs
Ld (SPH), suId IL Ius LIed up
wILI LIe MInIsLry oI TrunsporL
(MOT) und LIe DepurLmenL oI
CIvII AvIuLIon (DCA) Lo orgunIse
LIe InuuguruI Myunmur CIvII
AvIuLIon DeveIopmenL ConIer-
ence zo1q.
TIe evenL wIII be IeId uL LIe
Truders HoLeI In Yungon Irom
zq Lo z6 MurcI.
TIe conIerence, LouLed us LIe
counLry`s hrsL sLruLegIc conIer-
ence, wIII convene uIrporL oper-
uLors, reguIuLors, senIor uIrIInes
execuLIves und key uvIuLIon
sLukeIoIders Lo sLruLegIse, pIun
und cupILuIIse on Myunmur,
wIIcI Is seen by experLs us LIe
nexL boomIng uvIuLIon murkeL
In AsIu.
U Nyun Tun Aung, unIon mIn-
IsLer Ior TrunsporL, suId: As we
Iuve uIwuys been workIng on
LIe deveIopmenL oI LIe uvIuLIon
IndusLry, we ure Iuppy Lo sIure
our LIougILs und musLerpIun
wILI prucLILIoners und experLs
Irom oLIer counLrIes.
We ure IookIng Iorwurd
Lo IeurIng cuse sLudIes und
excIungIng besL prucLIces wILI
IeudIng regIonuI und InLernu-
LIonuI uIrIInes, uIrporL operuLors
und servIce provIders.
TIe poLenLIuI growLI pIuns
Ior Myunmur`s uIrIInes und
uIrporLs us LIe counLry poIses Lo
enLer u mujor perIod oI growLI
wIII be dIscussed uL LIe evenL,
LIe orgunIser suId.
CIuu Wee PIong, cIuIrmun
oI SpIere ConIerences, suId:
WILI engugIng puneI dIscus-
sIons und successIuI cuse sLud-
Ies, Myunmur CIvII AvIuLIon
DeveIopmenL ConIerence zo1q
wIII be LIe perIecL pIuLIorm Ior
uvIuLIon Ieuders Lo excIunge
Ideus und coIIuboruLe In ucIIev-
Ing greuLer exceIIence In AsIu`s
nexL bIggesL uvIuLIon murkeL.
SInce LIe openIng up oI ILs
economy, Myunmur Ius seen u
sIurp Increuse In LIe number
oI busIness und IeIsure urrIvuIs.
WILI LIIs Lrend projecLed Lo be
on LIe rIse, Myunmur`s uvIuLIon
IndusLry Is expecLed Lo boom
In LIe comIng yeurs. Accord-
Ing Lo DCA oI Myunmur, LIe
LoLuI number oI uIr pussengers
In zoo Is IIkeIy Lo rIse Lo o
mIIIIon.
n uddILIon, Myunmur`s IourLI
InLernuLIonuI uIrporL, HurLIu-
wuddy nLernuLIonuI AIrporL, Is
expecLed Lo sLurL ILs operuLIons
In zo18.
TIe rupId growLI sIgnuIs
sLrong demund Ior experLIse
und opporLunILIes Ior InvesL-
menLs Irom uround LIe worId,
SpIere ConIerences suId.
TIe key Issues Lo be dIscussed
uL LIe conIerence IncIude
uvIuLIon ouLIook Ior Myunmur;
reguIuLIons und LIe hnuncIuI
Iundscupe; uIr curgo deveIop-
menL; uIrporL pIunnIng und
desIgn; InLegruLIng T InLo
exIsLIng InILIuLIves; uIr Lrumc
munugemenL; uIrporL suIeLy
und securILy; emergence oI Iow
cosL currIers In Myunmur; und
cosL conLroI on eeL und IueI.
TIe orgunIser suId LIe conIer-
ence Is expecLed Lo gurner sup-
porL Irom mujor InLernuLIonuI
orgunIsuLIons und ussocIuLIons
sucI us LIe nLernuLIonuI AIr
TrunsporL AssocIuLIon (ATA),
wIIcI Is LIe omcIuI IndusLry
purLner Ior LIe evenL.
Myanmar-Thai Business
Mutching to be Held in
Yangon
A
Myunmur-TIuI busIness
muLcIIng wIII be IeId uL
Sedonu HoLeI In Yungon
on Junuury zz Lo promoLe
bIIuLeruI Lrude beLween LIe
Lwo counLrIes, uccordIng Lo LIe
UnIon oI Myunmur ederuLIon
oI CIumbers oI Commerce und
ndusLry (UMCC).
TIe busIness muLcIIng wIII be
joInLIy orgunIsed by UMCC
und TIuIIund`s Bourd oI nvesL-
menL (BO).
TIe meeLIng Is expecLed Lo
druw over qo TIuI enLrepre-
neurs wIo wIII muInIy dIscuss
producLs reIuLed Lo ugrIcuILure,
Iood, eIecLronIc, consLrucLIon,
gurmenL und esLuLe.
Myunmur busInesspeopIe wIII
Iuve u cIunce Lo dIscuss wILI
TIuI enLrepreneurs wIo wunL
Lo become LIe soIe dIsLrIbuLor
or ugenL oI LIeIr producLs In
Myunmur murkeL, UMCC
suId.
TIuIIund`s InvesLmenL In My-
unmur sLood uL $q.q8 bIIIIon us
oI November zo1.
Kyaw Min
Myanmar Summary
Myanmar Summary
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Passengers wait for their Hight in the domestic airport in Yangon.
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LOCAL BIZ
9
January 23-29, 2014
Myanmar Summary
From page ,...(Myanmar's Stockmarket)
Myanmar Business Today
mmbiztoday.com
Thoosunds oI Ivory Pieces Illegully Ior Sule in Myunmur
Shein Thu Aung
A
n undercover Leum Irom
wIIdIIIe Lrude monILor-
Ing neLwork TRAC
und OxIord Brookes UnIversILy
Iuve Iound more LIun ,oo
pIeces oI Ivory und cIose Lo o
ruw Ivory eIepIunL Lusks openIy
Ior suIe In Mong u, u Lown on
LIe Myunmur sIde oI LIe coun-
Lry`s border wILI CIInu.
TIe hndIngs come Iess LIun
u week uILer CIInu pubIIcIy
desLroyed more LIun 6 Lonnes
of ivory in Guangdong, in a
dIspIuy oI commILmenL uguInsL
LIe gIobuI IIIIcIL Lrude In Ivory.
TIe mujorILy oI InIubILunLs,
including ivory vendors, in
Mong u ure Irom CIInu, wILI
LIe currency oI duIIy use LIe
CIInese Yuun RenmInbI. TIe
Lown Is vIsILed by Iurge numbers
oI CIInese nuLIonuIs, muInIy Ior
LIe seedy nIgILIIIe.
AccordIng Lo sources, Ivory
enLers LIe Lown Irom CIInu,
mosLIy uIreudy curved. TwenLy-
seven sIops were Iound oerIng
Ivory Ior suIe, mosL oI IL IIkeIy
Lo orIgInuLe Irom AIrIcu, wIere
LIe curved IIppo LeeLI uIso on
dIspIuy undoubLedIy orIgInuLed.
SeveruI sIops were openIy
sIowcusIng Iundreds oI curved
pieces of ivory in glass display
cuses.
Our observuLIons suggesL
Mong u muy be one oI LIe bIg-
gesL unreguIuLed Ivory murkeLs
In AsIu, und IL Is doubLIess one
oI LIose wIere Ivory Is mosL
openIy dIspIuyed, suId Pro-
Iessor VIncenL NIjmun, Irom
OxIord Brookes UnIversILy.
L meuns Mong u couId runk
uIongsIde murkeLs In Bungkok
In TIuIIund und GuungzIou In
CIInu, Iong-known us cenLres
Ior LIe IIIeguI domesLIc und
InLernuLIonuI Ivory Lrude.
Trade in ivory is largely illegal
In Myunmur (LIere ure some
uuLIorIsed Lrude In LIe Lusk LIps
oI IeguIIy-owned eIepIunLs) und
cross-border Lrude oI Ivory Is
noL permILLed under guIdeIInes
ugreed upon by counLrIes LIuL
ure sIgnuLory Lo LIe ConvenLIon
on nLernuLIonuI Trude In En-
dungered SpecIes oI WIId uunu
und Ioru (CTES).
L Is cIeur LIuL neILIer Myun-
mur nor CIInu ure eecLIveIy
enIorcIng CTES reguIuLIons, us
Ivory Is evIdenLIy movIng ucross
LIe border, suId ProIessor
NIjmun.
VoIumes oI Ivory Iound In
LIe murkeLs oI Mong u were
IIgIer LIun uL uny poInL sInce
TRAC hrsL sLurLed monILor-
Ing wIIdIIIe Lrude In LIe border
Lown In zoo6.
ncreusIng voIumes oI Ivory
In un open cross-border murkeL
cuLerIng Lo CIInese consumers
Is u sure sIgn LIuL InLernuLIonuI
ugreemenLs ure noL beIng en-
Iorced und ucLIon Lo reduce
Ivory demund Is noL eecLIve,
suId Dr CIrIs R SIepIerd, dI-
recLor oI TRAC In SouLIeusL
AsIu.
However, us LIe murkeL Is
sILuuLed In Myunmur, IL Is LIe
responsIbIIILy oI Myunmur`s uu-
LIorILIes Lo Luke swIIL ucLIon und
cIose down LIIs IIIIcIL Lrude.
n zo1q Myunmur Is cIuIr oI
LIe ASEAN WIIdIIIe EnIorce-
menL NeLwork (ASEAN-WEN),
u regIonuI InLer-ugency und
InLer-governmenLuI InILIuLIve Lo
counLer LIe IIIeguI cross-border
Lrude In endungered pIunLs und
unImuIs.
Myunmur Is one oI LIree
counLrIes In AsIu, uIongsIde uo
PDR und CumbodIu, wIo Iuve
never submILLed InIormuLIon
on Ivory seIzures Lo ETS (LIe
EIepIunL Trude nIormuLIon
SysLem), LIe duLubuse on gIobuI
Ivory seIzures LIuL TRAC
Workers destroy conscated ivory and ivory scuIptures in Bongguan, Cuangdong province. China crushed .2 tonnes of
conscated ivory on ]anuary 8 in the rst such pubIic destruction of any part of its stockpiIe, after the country`s tfuI enforce-
ment efforts Ied experts to question its commitment to stamping out smuggIing. China is the worId`s biggest market for ivory,
accounting for about 7U percent of gIobaI demand.
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munuges on beIuII oI CTES
ConIerence oI LIe PurLIes.
As LIe currenL CIuIr oI
ASEAN-WEN, LIere Is u Iuge
responsIbIIILy on Myunmur Lo
seL un exumpIe und cIump down
on LIIs bIuLunLIy IIIeguI Lrude In
Ivory, suId SIepIerd.
CIInu musL pIuy ILs purL Loo
In IeIpIng LIe uuLIorILIes In
Myunmur curry ouL LIIs essen-
LIuI enIorcemenL ucLIon.
JoIn ScunIon, secreLury-
generuI oI LIe ConvenLIon on
nLernuLIonuI Trude In Endun-
gered SpecIes, LoId u conIer-
ence on eIepIunL poucIIng In
December, WILI un esLImuLed
zz,ooo AIrIcun eIepIunLs
IIIeguIIy kIIIed In zo1z, we con-
LInue Lo Iuce u crILIcuI sILuuLIon.
CurrenL eIepIunL poucIIng In
AIrIcu remuIns Iur Loo IIgI, und
couId soon Ieud Lo IocuI exLInc-
LIons II LIe presenL kIIIIng ruLes
conLInue.
Japan Issues Multiple-entry
Visus Ior Myunmur Nutionuls
Su Su
J
upun Ius sLurLed IssuIng
muILIpIe-enLry vIsus Lo
Myunmur nuLIonuIs In u
bId Lo IurLIer LIgILen bIIuLeruI
reIuLIons, LIe Jupunese oreIgn
MInIsLry suId.
A muILIpIe-enLry vIsu wIII
be vuIId Ior up Lo LIree yeurs,
uILIougI IL wIII onIy uIIow one
Lo sLuy In Jupun Ior up Lo onIy
1 duys In u sIngIe vIsIL, Kyodo
news reporLed.
PrevIousIy, Myunmur nuLIon-
uIs Iud Lo obLuIn sIngIe-enLry
vIsus Lo enLer Jupun.
Jupun Ius been LryIng Lo woo
Myunmur wILI debL cunceIIu-
LIons, Iuge uId puckuges und
sIde, suId u Jupunese Leum
member InvoIved In LIe projecL.
TIose LukIng purL suy LIe oI-
hcIuIs generuIIy Iuck experLIse
und Iuve u IImILed knowIedge oI
sucI busIc concepLs us InsIder
LrudIng.
DeIuys In druwIng up LIe
LrudIng und oLIer ruIes wIII
uIso pusI buck LIe creuLIon
oI LIe enLILy LIuL operuLes LIe
excIunge, us weII us Iumper LIe
esLubIIsImenL oI brokeruges.
L Is now IookIng IncreusIngIy
Iess IIkeIy LIuL LIe counLry wIII
Iuve u sLock excIunge up und
runnIng In zo1.
TIe uo SecurILIes ExcIunge
Ius been unubIe Lo uLLrucL muny
compunIes Ior IIsLIng sInce IL
opened In Junuury zo11.
uos und CumbodIu were LIe
hrsL umong SouLIeusL AsIu`s
Iouns In u bId Lo cemenL ILs posI-
LIon In LIe sLruLegIcuIIy Impor-
LunL SouLIeusL AsIun counLry,
wIIcI Ius been under CIInu`s
sIudow Ior over Iour decudes.
Myanmar Summary
IeusL-deveIoped counLrIes Lo
seL up sLock murkeLs. BuL LIe
suIIIng Ius noL been smooLI Ior
eILIer counLry.
TIe uo SecurILIes ExcIunge
sLurLed LrudIng In Junuury
zo11. Two sLuLe-run compunIes
- Bunque Pour e Commerce
ExLerIeur uo, u commercIuI
bunk, und energy producer und
suppIIer ED-GeneruLIon -
wenL pubIIc on LIuL occusIon.
On December z, uo WorId,
u prIvuLe exIIbILIon operuLor,
debuLed on LIe excIunge In
wIuL wus LIe hrsL InILIuI pubIIc
oerIng In ubouL LIree yeurs.
n uos, IL Is sLIII cusLomury Ior
busIness owners Lo Iend Iunds
Lo eucI oLIer. Opuque munuge-
menL prucLIces ure wIdespreud
uL governmenL-run compunIes,
wIIcI Lend Lo uvoId dIscIosIng
hnuncIuI duLu. TIe counLry Ius
goLLen cuugIL up In u vIcIous
cycIe In wIIcI compunIes ure
becomIng Iess moLIvuLed Lo go
pubIIc und InvesLors ure LIere-
Iore IosIng InLeresL.
TIe CumbodIu SecurILIes
ExcIunge Is Iome Lo onIy one
IIsLed compuny. Nikkei
From page ,...(Myanmar's Stockmarket)
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e._.:.._~..~... .~q.
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J apan Exchange Group, Daiwa
Securities Group ~ . ~~ . ...| .
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January 23-29, 2014
Myanmar Business Today
mmbiztoday.com
LOCAL BIZ
10
Myanmar Summary
Myanmar, Thailand to Implement
Technicul Cooperution Progrum
M
yunmur und TIuIIund
wIII ImpIemenL u
LecInIcuI cooperuLIon
progrum LIIs yeur.
BoLI sIdes ugreed Lo ImpIe-
menL u progrum Ior 1 scIoIur-
sIIps on posL-gruduuLe sLudy
und z sIorL-Lerm LruInIng
courses coverIng zo IeIIow-
sIIps In TIuIIund In zo1q under
LIe Humun Resource DeveIop-
menL Progrums.
TIe cooperuLIon wus dIscussed
us u Myunmur deIeguLIon meL
wILI u TIuI deIeguLIon Ieuded by
SucIudu TIuIbunLIuo, depuLy
dIrecLor generuI Irom TIuIIund
nLernuLIonuI DeveIopmenL Co-
Su Su operuLIon Agency, LIe MInIsLry
oI oreIgn AuIrs oI TIuIIund,
uL LIe 1qLI Myunmur-TIuIIund
ConsuILuLIon on TecInIcuI Co-
operuLIon MeeLIng IeId In Nuy
PyI Tuw recenLIy.
AddILIonuIIy, LIey uIso IdenLI-
hed LIe new projecLs on LecInI-
cuI cooperuLIon In response Lo
LIe needs oI Myunmur.
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.~:~ ~ ~~ .q:~ . _~:.. ._
_e.._~:. .q._.
e.....|.....:.~:. ._~:
.... ~ .,_._ .~: ~ _.. . . ..:
~, _~.._.:~ _.,.:. ,_.._:
....|...:q~.q.......~..
~ .~_._ _._ . q:e _e .~ .~~ .
. . ..|. ..: q ~ .q. .~ . .
. ...: , _~:..q.. ... Suchada
Thaibunthao ...:._ ~e.:.
. e ~e . _., .:. . ~ e .:.. e
~e ~ . .~ . ..... .. _. ._e. ._ .
eIence Bodget Cot Proposed
in Myanmar Parliament
Htet Aung
D
eIence MInIsLer IeuLen-
unL GeneruI WuI wIn
Ius proposed u cuL oI LIe
deIence budgeL Lo Kz.6 LrIIIIon
($z. bIIIIon) Ior LIe hscuI yeur
zo1q-1, u 1o percenL drop Irom
LIe prevIous yeur.
WuI wIn`s proposuI wus
mude Lo LIe Lwo-House UnIon
PurIIumenL sessIon In Nuy PyI
Tuw.
TIe proposed mIIILury ex-
pendILure wIII uccounL Ior 1z.z6
percenL oI LIe LoLuI nuLIonuI
budgeL In zo1q-1, u drop Irom
1.6 percenL In zo1-1q.
MeunwIIIe, LIe IeuILI budgeL
Ior zo1q-1 remuIns Iow uL
percenL oI LIe LoLuI.
Myunmur guIned revenue oI
more LIun $16 bIIIIon In zo1
und spenL $1q bIIIIon, produc-
Ing u dehcIL oI neurIy $ bIIIIon.
Myanmar Summary
_._.:.~,_~..~e-..._~.
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_.,.:~.. .,' q.e ~..q
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q:. . , .q ._ _e. ._.
Contructed II
Reuches $qq Billion
Kyaw Min
C
onLrucLed IoreIgn InvesL-
menLs In Myunmur Iuve
reucIed $qq.z bIIIIon us
oI December 1, zo1, uccord-
Ing Lo om cIuI hgures Irom LIe
DIrecLoruLe oI CompunIes und
nvesLmenL AdmInIsLruLIon
(DCA).
DurIng Junuury Lo December,
LIe Myunmur nvesLmenL Com-
mIssIon (MC) Ius permILLed
118 IoreIgn hrms Lo eILIer seL
up u joInL venLure wILI IocuI
hrms or Lo esLubIIsI LIeIr own
busInesses.
TIe permILLed IoreIgn InvesL-
menLs were mude In secLors
sucI us cIgureLLe munuIucLur-
Ing, brewery, veIIcIe servIces,
IoodsLu processIng, T ser-
vIces, bumboo hbre producLs
und medIcInes.
TIe Lop LIree IoreIgn Inves-
Lors In zo1 ure CIInu, TIuIIund
und Hong Kong.
Power, oII und gus und munu-
IucLurIng Lop LIe IIsL oI secLors
receIvIng LIe IIgIesL umounL oI
IoreIgn InvesLmenLs.
Myanmar Summary
GI Ioondution Holds InIrustroctore
evelopment Progrumme Ior Govt Om ciuls
Phyu Thit Lwin
T
Ie GeneruI EIecLrIc (GE)
ounduLIon, AmerIcun
energy und LecInoI-
ogy congIomeruLe GE`s pIIIun-
LIropIc urm, Ius IeId u senIor
munugemenL progrumme Ior
governmenL om cIuIs.
TIe progrumme, deveIoped
by LIe ee Kuun Yew ScIooI
(KYS) oI PubIIc PoIIcy, Iocused
on nIrusLrucLure DeveIop-
menL und CompeLILIveness In
Myunmur und Look pIuce Irom
1 Lo 1; Junuury In Nuy PyI Tuw.
GE suId LIe uIm oI LIe pro-
grumme Is Lo IeIp ucceIeruLe
InIrusLrucLure deveIopmenL In
Myunmur by LruInIng senIor
governmenL om cIuIs on key
prucLIcuI uspecLs wIIIe druwIng
Iessons Irom ASEAN und SouLI
AsIun counLrIes.
TIe progrumme Is purL oI GE
ounduLIon`s cupucILy-buIIdIng
eorLs In Myunmur LIrougI
ILs ASEAN PoIIcy eudersIIp
orum (AP) InILIuLIve, GE
suId.
We ure very upprecIuLIve oI
LIIs pIoneerIng und sIgnIhcunL
coIIuboruLIon wILI GE oundu-
LIon und LIe ee Kuun Yew
ScIooI oI PubIIc PoIIcy wIIcI
provIded senIor governmenL
om cIuIs LIe cIunce Lo Ieurn
vILuI Iessons Irom LIe regIon
und uppIy LIem Lo Myunmur`s
IurLIer deveIopmenL, suId U
Soe TIune, unIon mInIsLer Ior
LIe PresIdenL`s Om ce.
More LIun qq senIor govern-
menL om cIuIs uLLended LIe hve-
duy progrumme, represenLIng
u broud specLrum oI mInIsLrIes
IncIudIng LIe PresIdenL`s Om ce,
Commerce, CommunIcuLIons
und nIormuLIon TecInoIogy,
ConsLrucLIon, Inunce und Rev-
enue, Energy, EIecLrIc und Pow-
er, HeuILI, NuLIonuI PIunnIng
und EconomIc DeveIopmenL,
TrunsporLuLIon, YCDC (Yungon
CILy DeveIopmenL CommILLee)
und MCDC (MunduIuy CILy
DeveIopmenL CommILLee).
TIe worksIop wus bused on u
TruIn LIe TruIners concepL Lo
sLrengLIen IeudersIIp deveIop-
menL In Myunmur und IeIp
move InIrusLrucLure projecLs
Iorwurd, GE suId.
PurLIcIpunLs receIved LruInIng
In InIrusLrucLure und economIc
deveIopmenL, power purcIuse
ugreemenLs, InIrusLrucLure
projecL rIsk unuIysIs, unLI-
corrupLIon und Lrunspurency,
InIrusLrucLure projecL uppruIsuI
und hnunce, pubIIc prIvuLe
purLnersIIps us weII us Ieud-
ersIIp In munugemenL und
udmInIsLruLIon.
Myanmar Summary
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Participants of the senior management program for Myanmar's government ofciaIs sponsored by CE Foundation.
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LOCAL BIZ
11
January 23-29, 2014
Myanmar Summary
Contd. P 12...(China's Manipulation)
Myanmar Business Today
mmbiztoday.com
Myunmur Most be Awure oI
Chinas Manipulation
Zin Linn
M
yunmur PresIdenL suId
LIuL IIs counLry Ius
kepL on poIILIcuI und
economIc reIorms especIuIIy
LurgeLIng on poverLy uIIevIuLIon.
However, Myunmur govern-
menL Ius been mukIng perpIex-
ILy Lowurd LIe InLernuLIonuI
communILy wILI LIe degree oI
cIunges.
As WesLern democrucIes
Iuve been IIILIng suncLIons
on Myunmur, quesLIons urIse
umong severuI poIILIcuI ucLors
Ior LIe rupId cIunge oI course.
AILIougI u Iuge number oI
reusons conLrIbuLe Lo reIorms,
some Myunmur wuLcIers see
LIuL LIe dependence on CIInu Is
u noLeworLIy LopIc.
n LIe wuke oI LIe posLpone-
menL oI LIe conLroversIuI
MyILsone dum In Myunmur,
CIInu Power nvesLmenL (CP)
Corp PresIdenL u QIzIou suId
In SepLember zo11 LIe projecL`s
suspensIon by LIe Myunmur
governmenL wus u sIock. L wIII
Ieud Lo u serIes oI IeguI Issues,
Ie suId. TIe suspensIon oI LIe
dum projecL seems Lo be LIe
IuLesL sIgn oI sLruIned reIuLIons
beLween LIe Lwo counLrIes.
u QIzIou, In un InLervIew
wILI LIe sLuLe-run XInIuu news
ugency In OcLober zo11, suId Ie
Ieurned oI LIe suspensIon oI LIe
$.6 bIIIIon MyILsone dum pro-
jecL LIrougI LIe medIu und wus
compIeLeIy surprIsed. L Is un-
cIeur Iow LIe CP muy possIbIy
Iorce IeguI process on LIe Issue.
TIe compuny dId noL cIurIIy
wIIcI IeguI uvenues IL wIII ex-
pIore. However, LIe Myunmur
governmenL`s spokespersons
dIdn`L gIve uny commenL so Iur.
TIe reIuLIonsIIp beLween
CIInu und Myunmur Is under
LIe spoLIIgIL In IusL SepLem-
ber wILI u vIsIL Lo CIInu by
PresIdenL U TIeIn SeIn, wIo
ubundoned IIs mIIILury unIIorm
Lo become LIe counLry`s hrsL
cIvIIIun presIdenL wILIIn hve
decudes. DurIng u meeLIng wILI
PresIdenL U TIeIn SeIn on Sep-
Lember In NunnIng, cupILuI oI
souLI CIInu`s GuungxI ZIuung
AuLonomous RegIon, CIInese
PremIer I KeqIung suggesLed
LIuL boLI counLrIes sIouId buIId
on poIILIcuI muLuuI LrusL und
sLrengLIen cooperuLIon Lo brIng
greuLer benehLs Lo IocuI peopIe,
us reporLed by XInIuu News.
U TIeIn SeIn suId LIuL IIs
counLry Is wIIIIng Lo Improve
sLruLegIc communIcuLIon und
ruIse cooperuLIon In un uLLempL
Lo upprove deveIopmenL oI
bIIuLeruI LIes und ASEAN-CIInu
reIuLIons.
or LIe resumpLIon oI LIe
MyILsone Iydropower projecL,
promoLers suId LIuL LIe IIgI-
prohIe excIunge Ius rekIndIed
LIeIr Iopes, cuIIIng on boLI
sIdes Lo esLubIIsI un InLer-
governmenLuI mecIunIsm Lo
IucIIILuLe resumpLIon oI LIe
projecL us eurIy us possIbIe.
JIn Honggen, un economIc und
commercIuI counseIIor uL LIe
CIInese Embussy In Myunmur,
suId LIuL LIe MyILsone Iydro-
power sLuLIon Is u wIn-wIn
projecL Ior boLI sIdes.
Myunmur`s KucIIn sLuLe Is
rIcI wILI u vurIeLy oI nuLuruI
resources LIuL druw neIgIbour-
Ing CIInu`s InLeresL. NoL onIy
Is CIInu keen Lo deveIop LIe
Lrude und InvesLmenL secLor,
LIe geopoIILIcuI IronLIer oI LIe
KucIIn sLuLe Is uIso meunIngIuI
Ior CIInu. TIe MyILsone Dum
projecL, hnunced by CIInu
Power nvesLmenL Corp, Ius
been suspended due Lo proLesLs
by IocuI peopIe wILI supporLers
LIrougIouL LIe nuLIon.
TIe pIunned dum IocuLIon Is
uL LIe juncLIon oI Muy-KIu und
Muy-IkIu, z; mIIes upsLreum
Irom MyILkyInu. TIIs venLure
wIII generuLe ,6oo MW oI
eIecLrIcILy. TIe dum Is beIng
consLrucLed by AsIu WorId
Compuny, owned by son oI
Iormer drug Iord o HsIng Hun,
und CIInu`s sLuLe-owned CP.
SecurILy Ior LIe projecL Is be-
Ing provIded by LIe Myunmur
mIIILury.
TIousunds oI CIInese mI-
grunL Iubourers were brougIL In
Lo buIId LIe dum. TIe deveIop-
menL, sIouId IL go uIeud, wIII
InunduLe LIe Iumous MyILsone
conuence uL LIe sLurLIng
pIuce oI LIe rruwuddy RIver In
KucIIn SLuLe und permunenLIy
dIspIuce 1,ooo peopIe.
TIe dum, LIe hrsL In u serIes
oI seven on LIe rruwuddy und
ILs LrIbuLurIes, wIII Iuve dIsrup-
LIve ImpucLs on mIIIIons IIvIng
downsLreum. WuLer wIII be
sLored und reIeused dependIng
on power demunds In CIInu,
cuusIng unpredIcLubIe wuLer
sIorLuges und surges. TIIs, In
uddILIon Lo decreused hsI pop-
uIuLIons und bIockuge oI rIcI
sedImenLs, wIII uecL counLIess
Iurmers, hsIer-IoIk und bouL-
operuLors uIong LIe rIver.
TIe prevIous junLu, LogeLIer
wILI LIe CIInese governmenL,
dId noL Luke InLo consIderuLIon
LIe desIre oI LIe nuLIve KucIIn
peopIe, wIo were never con-
suILed ubouL LIe dum prIor oI
LIe projecLs In LIeIr neIgIbour-
Iood. TIe CP mude LIe dum
conLrucL wILI LIe prevIous
junLu`s EIecLrIc Power MInIsLry
In Muy zoo;, wILIouL respecL-
Ing LIe opInIon oI LIe peopIe
wIo IIve In LIe ureu.
TIe deveIopmenL Ius been
osLrucIsed LIrougIouL LIe
counLry becuuse IL wIII InvoIve u
reservoIr LIe sIze oI SIngupore,
und wIII serIousIy dumuge
LIe envIronmenLuI und socIuI
surroundIngs. L Is beIng buIIL
und InvesLed In by CIInese
compunIes und over qo percenL
oI ILs eIecLrIcILy wIII go Lo CIInu.
Even LIe KucIIn peopIe Iuve
IILLIe cIunce oI enjoyIng LIe
eIecLrIcILy generuLed by LIe dum
In LIeIr IocuIILy.
n response, AsIun Super-
power wus guurunLeed oI uccess
Lo Myunmur`s ubundunL nuLuruI
resources sucI us goId, gem-
sLones, LImber und ugrIcuILuruI
producLs us weII us InvoIve-
menL In severuI Iydropower
dum-projecLs. Moreover, CIInu
uIso guIns usIng Myunmur us
u guLewuy Lo LIe ndIun Oceun
und Is compIeLIng LIe consLruc-
LIon oI oII und nuLuruI gus
LwIn-pIpeIIne projecL IncIudes
u 1,1oo-kIIomeLer pIpeIIne Irom
Kyuukryu porL on LIe wesL cousL
oI Myunmur Lo KunmIng, cupI-
LuI oI Yunnun ProvInce, u Iurge-
scuIe crude oII unIoudIng wIurI
und u LermInuI uL Kyuukryu
porL, wILI neurby oII sLoruge
und LrunsporLuLIon IucIIILIes.
AccordIng Lo CIInese medIu,
CP represenLuLIves Iuve re-
peuLedIy meL wILI Burmese oI-
hcIuIs Lo IIIL LIe dum suspensIon
und CP vIsILed reIocuLed vIIIug-
ers Lo ussure LIem LIuL LIe dum
wIII be udvunLugeous. CP Is LIe
projecL ImpIemenLer Ior u serIes
oI seven dums on LIe rruwuddy
und ILs LrIbuLurIes In wur-Lorn
KucIIn SLuLe Lo seII eIecLrIcILy
Lo CIInu, KucIIn DeveIopmenL
NeLworkIng Group suId.
L Iooks us II CIInu Ius been
LryIng Lo keep Myunmur wILIIn
ILs InuenLIuI spIere sInce LIe
ASEAN-member counLry Ius
uIso been seekIng Lo joIn In LIe
US-Ied Cobru GoId mIIILury ex-
ercIse In LIe PucIhc. Myunmur
expressed ILs InLeresL In joInIng
LIe Cobru GoId unnuuI mIIILury
exercIses In SouLIeusL AsIu.
CIInu muy be concerned
ubouL mIIILury reIuLIons be-
Lween Myunmur und LIe US.
CoIncIdenLuIIy, CIInu reIuLIons
wILI some SouLIeusL AsIu
counLrIes ure uL rIsk. CIInu Ius
uIso border dIspuLes wILI LIe
PIIIIppInes und VIeLnum.
DurIng LIe prevIous mIIILury
regIme, LIe ruIIng generuIs
were LurnIsIed by mounLIng
Iumun rIgILs ubuses. So, LIey
mude burguIns Ior LIeIr securILy
Contd. P 12...(China's Manipulation)
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.. . ._ ChinaPower Investment
(CPI) Corp - ~_ Lu Qizhou
~ .~~:.~ ..~,.~:.
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Protesters hoId posters during a peacefuI protest in support of Buddhist monks injured during a riot and against the Iet-
padaung Mountain Copper Mine project, in Yangon.
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January 23-29, 2014
Myanmar Business Today
mmbiztoday.com
LOCAL BIZ
12
Myanmar to Hold 2
nd
Development
Cooperation Forum
Htet Aung
M
yunmur wIII IoId
LIe z
nd
DeveIopmenL
CooperuLIon orum In
Nuy PyI Tuw In LIe IusL week oI
Junuury.
OrgunIsed by LIe MInIsLry
oI NuLIonuI PIunnIng und Eco-
nomIc DeveIopmenL, LIe Iorum
wIII dIscuss IogIsLIcs und druIL
udmInIsLruLIve urrungemenL,
governmenL omcIuIs suId.
TIe Iorum wIII InvoIve
deveIopmenL purLners, non-
governmenLuI orgunIsuLIons,
socIuI orgunIsuLIons und UN
ugencIes.
TIe hrsL edILIon oI LIe De-
veIopmenL CooperuLIon orum
wus IeId In Junuury IusL yeur,
wIere economIc und socIuI re-
Iorm Irumework und sIorL- und
Iong- Lerm deveIopmenL pIuns
were IuId down.
BesIdes, cooperuLIon Ior
compreIensIve deveIopmenL oI
Myunmur wus uIso dIscussed
wILI LIe reIeuse oI Nuy PyI Tuw
EecLIve DeveIopmenL
CooperuLIon Accord.
AccordIng Lo LIe
uccord, Myunmur
Is expecLed Lo Luke
meusures Lo generuLe
more Income uL Iome
und receIve more
InLernuLIonuI uId Ior
deveIopmenL.
DeveIopmenL purL-
ners weIcomed Myun-
mur`s LurgeL oI Increus-
Ing hnuncIuI uIIoLmenL
Ior deveIopmenL und
pIedged more hnuncIuI
ussIsLunce Ior key sec-
Lors, especIuIIy poorIy-
Iunded ones.
TIey urged Myunmur
governmenL Lo use
uId eecLIveIy In LIe
reIorm process In u
bId Lo keep LIe ow oI
InLernuLIonuI uId goIng.
PresIdenL U TIeIn SeIn
urged recenLIy Lo deepen coop-
eruLIon beLween Myunmur und
deveIopmenL purLners In po-
President Thein Sein speaks at the rst BeveIopment cooperation forum in Nay Pyi Taw in
]anuary Iast year.
F
ile
s
IILIcuI und economIc reIorm Ior
peopIe-cenLred deveIopmenL
under LIe EconomIc und SocIuI
ReIorm rumework.
Myanmar Summary
by uIIowIng ruvenous CIInu InLo
LIe counLry`s nuLuruI resources
domuIn vIu budIy unbuIunced
Memorundum oI UndersLund-
Ing ugreemenLs. AcLuuIIy, LIe
generuIs scunduIousIy expIoIL
LIe counLry`s resources seIIIng
Lo CIInu Ior LIeIr suIeLy und
conLInuuLIon oI power. TIey
were suIeguurded Irom domes-
LIc und InLernuLIonuI condem-
nuLIons by CIInu`s veLo power
In LIe UN SecurILy CouncII.
AccordIng Lo un urLIcIe - Bur-
mu`s TIeIn SeIn VIsILs WusI-
IngLon by Juy NewLon-SmuII
- on zo Muy, zo1 pubIIsIed In
LIe 'TME`: TIe reopenIng oI
Burmu Lo LIe WesLern worId Is
u bIow Lo CIInese Inuence In
SouLIeusL AsIu. or mucI oI LIe
pusL zo yeurs CIInu wus one oI
LIe bIg InvesLors In Burmu. BuL
decudes oI wIuL IocuI uuLIorI-
LIes cume Lo vIew us ubuse by
CIInese compunIes expIoILIng
Burmu`s bounLIIuI nuLuruI
resources IeIped creuLe un
From page ...(China's Manipulation)
openIng Ior LIe Obumu AdmIn-
IsLruLIon, suys Ken IeberLIuI, u
CIInu experL uL LIe BrookIngs
nsLILuLIon. CIInese Ieuders ure
'IncreusIngIy concerned wILI
LIe resenLmenL LIey`re experI-
encIng In Burmu.`
Some observers beIIeve wor-
rIes over LIe degree oI BeIjIng`s
power IeIped Iorce LIe My-
unmur governmenL LIrowIng
uwuy LIe CIInese munIpuIuLIon
und gIvIng up Lo u quusI-cIvIIIun
regIme In zo11. TIe MyILsone
dum uuIr suggesLs LIe SouLI-
eusL AsIun nuLIon Is euger Lo
be Iree Irom CIInu`s Inuence
us IL seeks greuLer Iuvour
umong WesLern democrucIes.
PresIdenL TIeIn SeIn musL be
uwure oI IIs good decIsIon Lo
posLpone LIe mussIve dum Ius
been sLrongIy supporLed by LIe
mujorILy oI cILIzens.
More Lo LIe poInL, LIe govern-
menL und ILs peopIe musL be
vIgIIunL uguInsL LIe neo-coIonI-
uIIsm oI CIInu wIIcI expIoILs
LIe poIILIcuI dIsunILy In My-
unmur. TIe prevIous mIIILury
junLu uppeused CIInu, oerIng
counLry`s precIous nuLuruI re-
sources cIeupIy In order Lo geL u
veLo-sIIeId Ior ILs dIcLuLorsIIp.
ZIn Inn Is EdILorIuI QuuI-
ILy ConsuILunL oI Burmu News
nLernuLIonuI (BN). VIews
expressed Iere ure LIe uuLIor`s
own und don`L necessurIIy
reecL Myunmur BusIness To-
duy`s edILorIuI poIIcy.
Zin Linn is a freelance writer
and journalist from Yangon.
He has been writing political
analysis of Myanmar for more
than a decade. At present, he is
an editorial quality consultant
at Burma News International
(BNI) based in Chiang Mia,
Thailand.
From page ...(China's Manipulation)
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.-..|...: Li Keqiang .
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. . e~ ~~ . q .:q, ~_ ..:~
..:q~.:..._~:. _ ._..:.
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....|...:q~..:.~ ....:
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.:._. ~,~.~~~ ~..:e
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REGIONAL BIZ
13
January 23-29, 2014
Myanmar Summary
Myanmar Business Today
mmbiztoday.com
"Vuping A Slow Borner in Chinu, World's
Muker OI I-Cigurettes
Adam Jourdan
W
Ien Qu Iung`s wIIe
becume pregnunL, LIe
o-yeur-oId SIung-
IuI suIesmun swILcIed Irom
smokIng Lo vupIng, u prucLIce
uncommon In CIInu uILIougI IL
Is LIe worId`s IeudIng producer
oI eIecLronIc cIgureLLes.
E-cIgureLLes were InvenLed
ubouL u decude ugo by u CII-
nese medIcuI reseurcIer und
LIe counLry suppIIes neurIy uII
gIobuI demund. Pumng on LIe
devices, or vaping, is surging
worIdwIde, buL IL Iorms onIy u
LIny purL oI CIInu`s 1.z LrIIIIon
yuun (ubouL $zoo bIIIIon) cIgu-
reLLe busIness.
Now, rIsIng pubIIc uwureness
ubouL LIe Iuzurds oI smokIng,
coupIed wILI CIInu`s IurdenIng
sLunce on smokIng In pubIIc, Is
openIng up un opporLunILy Ior
e-cIgureLLes Lo muke Inrouds
InLo LIe worId`s bIggesL Lobucco
murkeL.
As more und more pIuces
become o IImILs Lo smokIng,
hnd myseII usIng e-cIgureLLes
more oILen, suId Qu. SInce
sLurLIng usIng LIe producL sIx
yeurs ugo Ior IeuILI reusons, Qu
Ius sLurLed seIIIng e-cIgureLLes
IImseII, expundIng LIe busIness
Irom exporLs Lo LIe domesLIc
murkeL LIIs yeur.
E-cIgureLLes ure mosLIy soId
onIIne In CIInu, wIere govern-
menL reguIuLIon uround LIe
producL Is sLIII Iux. CounLrIes
IIke SIngupore und BruzII cur-
renLIy bun e-cIgureLLes.
CenLred In LIe souLIern me-
LropoIIs oI SIenzIen, CIInese
munuIucLurers IncIudIng SIen-
zIen Smoore TecInoIogy, Irs-
LUnIon Group, SIenzIen Seego
TecInoIogy Co Ld und Ruyun
TecI muke uround q percenL
oI LIe worId`s e-cIgureLLes, sIIm,
buLLery-powered meLuI Lubes
LIuL Lurn nIcoLIne-Iuced IIquId
InLo vupour LIuL Is InIuIed.
VupIng Is poLenLIuIIy u
IeuILIIer uILernuLIve Lo smokIng
us LIe ubsence oI combusLIon
uverLs some oI LIe IurmIuI sIde-
eecLs oI Lobucco smoke. BuL u
bIg Issue Is LIe Iuck oI Iong-Lerm
scIenLIhc evIdence Lo supporL
LIe suIeLy und eecLIveness oI
e-cIgureLLes, prompLIng crILIcs
IIke LIe BrILIsI MedIcuI Asso-
cIuLIon Lo wurn oI LIe dungers
oI LIeIr unreguIuLed use.
NeverLIeIess, LIe e-cIgureLLes
murkeL Is growIng IusL, uILIougI
IL Is sLIII onIy u LIny proporLIon
oI LIe gIobuI Lobucco busIness.
usL weekend, HoIIywood sLurs
eonurdo DICuprIo und JuIIu
ouIs-DreyIus were seen smok-
Ing e-cIgureLLes uL LIe gIobuIIy
LeIevIsed GoIden GIobes uwurds
ceremony.
Some unuIysLs predIcL e-
cIgureLLes couId ouLseII conven-
LIonuI cIgureLLes wILIIn u dec-
ude, purLIcuIurIy us BIg Tobucco
gruppIes wILI decIInIng suIes
due Lo governmenL reguIuLIon
und IeuILI-uwure consumers.
E-cIgureLLe suIes In LIe UnILed
SLuLes grew uL 11 percenL eucI
yeur beLween zooq und zo1z,
und couId grow us mucI us zqo
percenL LIIs yeur, uccordIng Lo
experLs. TIe gIobuI e-cIgureLLe
murkeL couId Increuse hveIoId
Lo $1o bIIIIon by zo1;, uccord-
Ing Lo some esLImuLes.
Chinas Tantalising Market
or CIInese munuIucLurers oI
e-cIgureLLes, wIIIe LIe exporL
murkeL Is surgIng, LIe domesLIc
poLenLIuI Is LunLuIIsIng.
Even u LIny porLIon oI ILs oo
mIIIIon-pIus smokers wouId oI-
Ier un uLLrucLIve prIze. n zo1z,
CIInese smoked u LoLuI oI z.q6
LrIIIIon cIgureLLes - q.8 per per-
son, per duy - und LIe counLry
uccounLs Ior one-LIIrd oI gIobuI
consumpLIon.
TIe IursIer conLroI oI Lo-
bucco Is greuL news Ior eIecLrIc
cIgureLLes, suId uI BuosIeng,
generuI munuger oI e-cIgureLLe
muker Smoore, uddIng Iux
smokIng ruIes In CIInu Iud pre-
vIousIy sIowed LIe deveIopmenL
oI LIe busIness.
AnuIysLs suy CIInu`s domesLIc
murkeL wouId Iuve Lo evenLu-
uIIy open up Lo e-cIgureLLes.
TIere`s un unuvoIdubIe IogIc
Iere LIuL evenLuuIIy no one wIII
smoke reguIur Lobucco on LIIs
pIuneL, suId SIune MucGuIII,
ondon-bused Lobucco unuIysL
uL EuromonILor. Reuters
Myanmar Summary
Indiu ruws Interest Ior Third Attempt At
Mobile Spectrom Sule
Bharti Airtel, Vodafone, Reliance Industries among eight applicants
Devidutta Tripathy
I
ndIu`s IeudIng mobIIe pIone
operuLors us weII us uspIrIng
new enLrunL ReIIunce ndus-
LrIes Iuve uppIIed Lo bId In wIuL
wIII be LIe governmenL`s LIIrd
uLLempL uL uucLIonIng o some
rudIo IrequencIes In LIe Iope
of raising billions of dollars in
mucI-needed revenue Ior sLuLe
coers.
Revenues Irom LIe new
IIcensIng ure crucIuI us LIe
governmenL seeks Lo reIn In ILs
budgeL dehcIL buL Lwo prevIous
uLLempLs Lo seII LIe sume spec-
Lrum were boycoLLed by mujor
mobIIe pIone operuLors wIo
compIuIned LIe mInImum bId
prIces were Loo IIgI.
On Wednesduy IusL week, LIe
deudIIne Ior submIssIons oI
InLeresL Ior LIe IuLesL suIe, eIgIL
compunIes IncIudIng mobIIe
murkeL Ieuders BIurLI AIrLeI
Ld und VoduIone Group`s
IocuI unIL Iud responded, u
senIor governmenL omcIuI LoId
reporLers.
ReIIunce ndusLrIes, wIIcI
generuLes mosL oI ILs revenue
Irom ILs energy busIness buL uc-
quIred specLrum Ior u pIunned
qG broudbund InLerneL servIce
LIree yeurs ugo, uIso uppIIed Lo
bId In LIe new uucLIon scIed-
uIed Lo sLurL on ebruury .
We ure very posILIve ubouL
IL, M urooquI, LIe Lop bu-
reuucruL In ndIu`s LeIecommu-
nIcuLIons mInIsLry suId oI LIe
InLeresL Irom bIdders, uddIng
Ie expecLed LIe revenue Irom
LIe uucLIon Lo Lop LIe govern-
menL`s LurgeL oI $1.8 bIIIIon.
BIurLI und VoduIone`s expres-
sIons oI InLeresL In LIe uucLIon
reecL LIeIr need Lo LurgeL new
specLrum In some key ndIun
cILIes In order Lo renew operuL-
Ing permILs beyond zo1q even
us LIey wuIL Ior governmenL
decIsIon on LIeIr demunds Lo
cuL LIe unnuuI specLrum Iee.
TIe ndIun unIL oI Norwuy-
based Telenor is also planning
Lo bId In LIe uucLIon. TIe
compuny bougIL IrequencIes In
seIecL ureus In u zo1z uucLIon
Lo operuLe u reduced busIness
In ndIu uILer ILs prevIous
IIcences uwurded In zoo8 were
cunceIIed, uIong wILI LIose oI
severuI rIvuIs IoIIowIng u gov-
ernmenL mIs-seIIIng scunduI.
Reuters
A window dispIay with different coIour modeIs eIectronic cigarettes is seen in a shop in Paris.
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._ Bharti Airtel Ltd .
Vodafone Group -_._~.
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.:_~._~:.._. ~.~.q:,.
..~q~....~..~ ._ .:_~:..
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~,..:.q..q:~.~.:.._~:
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January 23-29, 2014
Myanmar Business Today
mmbiztoday.com
REGIONAL BIZ
14
Myanmar Summary
SMGR eyes Bungludesh uIter Vietnum, Myunmur
Shein Thu Aung
I
ndonesIu`s sLuLe-owned
cemenL producer PT Se-
men ndonesIu, LrudIng on
LIe ndonesIu SLock ExcIunge
(DX) us SMGR, Is seekIng Lo
expund Lo BungIudesI, uILer
success In VIeLnum und pIuns Lo
enLer Myunmur IuLer LIIs yeur.
We wIII probubIy ucquIre
grIndIng mIIIs In BungIudesI
|...| buL noL LIIs yeur, Semen
ndonesIu corporuLe secreLury
Agung WIIurLo wus quoLed us
suyIng In JukurLu PosL.
or LIIs yeur, we ure IookIng
Lo ucquIre u cemenL compuny
or Lo esLubIIsI u joInL-venLure
compuny In Myunmur.
Semen ndonesIu sLurLed
negoLIuLIng wILI LIree poLenLIuI
purLners In Myunmur IusL yeur,
buL Iud noL reucIed un ugree-
menL yeL, Ie udded.
We LoId LIem LIuL we wunLed
Lo be u mujor sIureIoIder, buL
LIey ure sLIII LIInkIng ubouL IL.
Muny Myunmur congIomeruLes
uIso wunL Lo ucquIre mujor
sIures, Agung suId.
TIe compuny Is uImIng Lo
Increuse ILs domesLIc und over-
seus suIes by 11 percenL Lo 1
mIIIIon Lons LIIs yeur, Irom z8
mIIIIon Lons IusL yeur.
~.,.q:..- .. ..._.
~.....,._e.._ PT Semen
Indonesia ._ .:... q . ~
..,..:.~ ~....:q~. :.q,
~.~...q:.e.,_.. -e~,.~
.~:_...:. qq._...,:~ _., .:
...~ ~ . ._. e. . . ~ ~ .q:~
.:.q, ..... .:...q~
._. . . , ..:. . ..: q ~ .:
q, ~~ ~ ._. _~ ... ..,_. ._e. ._ .
_e. . ._.q ._ ~.~ . : .:... q
~ _~ ~ . .~ .:.~ qe . . .. :.e e
q _. . e. . . ~ .~: .e ~ ...._~: .
Agung Wiharto ~ ._.:_~:..._.
Chinu Suys o1q Trude Growth
Muy Lug Lust Yeur's Rute
Koh Gui Qing
G
rowLI In CIInu`s ex-
porLs und ImporLs muy
be voIuLIIe In LIe hrsL
LIree monLIs oI LIIs yeur buL
LIe governmenL Is cuuLIousIy
opLImIsLIc ubouL LIe ouLIook
Ior uII oI zo1q, LIe MInIsLry oI
Commerce suId.
SIen Dunyung, LIe spokes-
person Ior LIe mInIsLry, uIso
noLed LIuL IL muy be dImcuIL Ior
growLI In CIInu`s Lrude secLor
LIIs yeur Lo exceed LIuL oI IusL
yeur.
CIInu`s exporLs grew ;.q per-
cenL Ior uII oI zo1 compured
wILI LIe prevIous yeur, wIIIe
ImporLs rose ;. percenL, mIss-
Ing un omcIuI 8 percenL growLI
LurgeL. Reuters
Myanmar Summary
Chinu Lrges IMI to Give More Power to
Emerging Markets
Sui-Lee Wee
C
IInu cuIIed on M mem-
ber nuLIons IusL week Lo
sLIck Lo u commILmenL
Lo gIve emergIng murkeLs more
power uL LIe gIobuI Iender uILer
US Iuwmukers seL buck IIsLorIc
reIorms LIuL wouId gIve deveI-
opIng counLrIes u greuLer suy.
TIe remurks by CIInese or-
eIgn MInIsLry spokesmun Hong
eI were un IndIrecL crILIcIsm oI
LIe UnILed SLuLes, LIe bIggesL
und mosL powerIuI M mem-
ber, wIere Iuwmukers IuIIed IusL
week Lo ugree on IundIng meus-
ures needed Ior LIe reIorms Lo
move Iorwurd, LIougI Hong dId
noL menLIon LIe UnILed SLuLes
by nume.
TIe US Congress musL sIgn o
on LIe M IundIng Lo compIeLe
zo1o reIorms LIuL wouId muke
CIInu LIe M`s LIIrd-IurgesL
member und revump LIe M
bourd Lo reduce LIe domInunce
oI WesLern Europe.
TIe cIunges wouId uIso gIve
greuLer suy Lo nuLIons sucI us
BruzII und ndIu Lo reecL LIeIr
growIng economIc IeIL.
TIe M quoLus reIorm Is un
ImporLunL decIsIon mude by LIe
orgunIsuLIon, Hong suId uL u
duIIy news brIehng.
TIe reIevunL orgunIsuLIon`s
members sIouId eurnesLIy
ImpIemenL LIe decIsIon, und
Ionour und enIunce LIe voIce
und represenLuLIon oI deveIop-
Ing counLrIes wILIIn LIe M.
DeveIopIng nuLIons Iuve Iong
vIewed LIe M wILI suspIcIon
Ior promoLIng dIsusLrous prIvu-
LIsuLIons LIuL compIIcuLed LIe
LrunsILIon Irom communIsm Ior
some emergIng nuLIons In LIe
eurIy 1qqos, und Ior pusIIng
budgeL cuLs LIuL exucerbuLed
debL crIses In AsIu und uLIn
AmerIcu u Iew yeurs IuLer.
TIuL suspIcIon Ius been com-
pounded by u power sLrucLure
LIuL duLes Lo M`s IoundIng In
1qqq. TIe sLrucLure wus sIuped
by LIe vIcLors oI WorId Wur
Two - LIe UnILed SLuLes und
Europe.
SpeukIng uL LIe NuLIonuI
Press CIub In WusIIngLon, M
MunugIng DIrecLor CIrIsLIne
ugurde suId IL wus dIsconcerL-
Ing LIe M IundIng wus noL
included in a spending bill ap-
proved by LIe US Congress.
very mucI Iope IL`s u ques-
LIon oI LImIng und noL u decIsIon
Lo excIude LIe M, ugurde
suId.
Iope LIuL sensIbIe und
common sense judgmenL wIII
prevuII, sIe suId, uddIng LIuL
sIe beIIeved LIe UnILed SLuLes
wus sLIII commILLed Lo supporL-
Ing LIe und.
TIe reIorm oI LIe voLIng
sIures, known us quoLus, cun-
noL proceed wILIouL LIe UnILed
SLuLes, wIIcI IoIds LIe onIy
conLroIIIng sIure oI M voLes.
AILer puLLIng o LIe requesL
In zo1z becuuse oI LIe US
presIdenLIuI eIecLIon, LIe US
Treusury Ius sougIL Lo Luck LIe
provIsIon InLo severuI bIIIs sInce
MurcI.
TIe udmInIsLruLIon`s re-
quesLs, Iowever, Iuve been
meL wILI scepLIcIsm Irom some
RepubIIcuns, wIo see LIem
us LunLumounL Lo upprovIng
IresI IundIng In u LIgIL budgeL
envIronmenL.
Some Iuwmukers Iuve uIso
ruIsed concerns ubouL Iow weII
LIe M Is IeIpIng sLruggIIng
economIes In Europe und LIe
rIsks uLLucIed Lo M Iouns,
suggesLIng Congress Is In no
Iurry Lo upprove uny cIunges.
ndIu`s Inunce MInIsLry dId
noL ImmedIuLeIy respond Lo
requesLs Ior commenL. BuL un
omcIuI uL LIe mInIsLry, wIo Ius
been deuIIng wILI muILIIuLeruI
InsLILuLIons IncIudIng LIe M,
suId ndIu wus dIsuppoInLed
uL Congress` Iuck oI ucLIon.
A SouLI Koreun Inunce
MInIsLry omcIuI, wIo decIIned
Lo be IdenLIhed, suId: WIIIe we
upprecIuLe LIe US governmenL`s
eorLs, we regreL LIe IucL LIuL
LIe proposed IundIng meusure
IeII LIrougI In Congress uL LIe
IusL mInuLe.
M quoLu reIorm Is un Im-
porLunL muLLer Lo uddress und
we Iope LIuL LIe muLLer wIII
be dIscussed uL LIe G-zo IeveI
wILI LIe end-Junuury deudIIne
upproucIIng, LIe omcIuI suId.
Reuters
Myanmar Summary
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._~:. ~..,..q:.~e.q.~,_~.
_:,. ._.:_~:..._.
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~,~ . - ~ , . e . ~_. : . , .
._..- q...:.~ .~:.,q,
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A cement pIant of PT Semen Indonesia.
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REGIONAL BIZ
15
January 23-29, 2014
Myanmar Summary
Myanmar Summary
Myanmar Business Today
mmbiztoday.com
Jupun's Sontory to Boy LS Spirits Muker
Beum Ior $1.6b Cush
Martinne Geller and
Olivia Oran
S
unLory HoIdIngs Ld IusL
week suId IL wouId buy US
spIrILs compuny Beum nc
Ior $1.6 bIIIIon cusI In u deuI
LIuL wouId muke LIe Jupunese
compuny LIe worId`s LIIrd-
IurgesL spIrILs muker.
ncIudIng LIe ussumpLIon
oI Beum`s neL debL, LIe deuI Is
vuIued uL $16 bIIIIon. L brIngs
LogeLIer Beum`s JIm Beum und
Muker`s Murk bourbons, Cour-
voIsIer cognuc und Suuzu Le-
quIIu wILI SunLory`s YumuzukI,
HukusIu, HIbIkI und KukubIn
Jupunese wIIskIes, Bowmore
ScoLcI wIIsky und MIdorI
IIqueur.
Once LIe ucquIsILIon Is com-
pIeLed, SunLory wIII become LIe
LIIrd IurgesL wIIskey compuny
und LIe hILI IurgesL muIL wIIs-
key compuny by voIume, uc-
cordIng Lo nLernuLIonuI WIne &
SpIrIL ReseurcI.
TIe deuI Is LIe IuLesL exumpIe
oI Iow Jupunese beveruge com-
punIes ure seekIng Lo quencI
LIeIr LIIrsL Ior overseus growLI
us LIe popuIuLIon In LIeIr Iome
murkeL sIrInks.
AII Jupunese beveruge com-
punIes Iuve been Iocused on
geLLIng growLI ouLsIde Jupun,
suId BernsLeIn ReseurcI unuIysL
Trevor SLIrIIng.
TIe deuI boosLs SunLory`s
murkeL sIure In LIe US Lo 11
percenL Irom Iess LIun 1 per-
cenL, uccordIng Lo SLIIeI NIco-
Iuus unuIysL Murk SwurLzberg.
TIe proposed ucquIsILIon Is
uIso Jupun`s LIIrd-IurgesL un-
nounced ouLbound deuI oI uII
LIme, uccordIng Lo TIomson
ReuLers duLu.
usL yeur, prIvuLeIy IeId
SunLory ouLed ILs Iood und
non-uIcoIoIIc drInks compuny,
SunLory Beveruge & ood, Lo
ruIse money Ior overseus
ucquIsILIons. KIrIn HoIdIngs
Co bougIL conLroI oI BruzII`s
ScIIncurIoI Ior $z.6 bIIIIon In
zo11, und AsuII Group HoIdIngs
Look u sLuke In CIInese brewery
TsIngLuo In zooq. Reuters
Indiu Set to Iuse Restrictions on Locul
Carriers Flying Abroad
Devidutta Tripathy
and Siva Govindasamy
I
ndIu couId euse resLrIcLIons
LIuL prevenL ILs domesLIc
uIrIInes Irom yIng on
InLernuLIonuI servIces wILIIn u
monLI, poLenLIuIIy benehLLIng
sLurL-ups seL up by SIngupore
AIrIInes und MuIuysIu`s AIrAsIu
LIuL uIm Lo begIn operuLIons In
zo1q.
ExIsLIng ruIes requIre ndIun
currIers Lo be In operuLIon Ior
uL IeusL hve yeurs und Iuve zo
uIrcruIL Lo be eIIgIbIe Lo y InLer-
nuLIonuI rouLes.
CIvII AvIuLIon mInIsLer AjIL
SIngI LoId reporLers LIuL New
DeIII wouId seek LIe Ied-
eruI cubIneL`s upprovuI by nexL
monLI Lo scrup LIIs ruIe.
ndIun congIomeruLe TuLu
Sons Ius Iormed u joInL venLure
wILI SA Lo sLurL up u IuII servIce
currIer, wIIcI Is expecLed Lo
begIn operuLIons In LIe second
IuII oI zo1q.
TuLu Is uIso un InvesLor In
AIrAsIu ndIu, wIIcI Is expecLed
Lo compeLe In LIe ndIun Iow-
cosL murkeL Irom LIe second
IuII oI LIe yeur.
ndIun Iow-cosL currIer GoAIr,
wIIcI begun operuLIons In zoo
buL Ius Iewer LIun zo uIrcruIL,
couId uIso be u benehcIury.
n uddILIon, LIe mInIsLry Is
uIso IookIng InLo u proposuI Lo
uIIow AIrbus`s A8o pIunes Lo
Iund In IocuI uIrporLs, SIngI
suId on Tuesduy.
We Iuve usked Ior commenLs
Irom ground IundIIng und Im-
mIgruLIon, securILy busIcuIIy.
Becuuse LIIs Is LIe InIrusLruc-
Lure wIIcI wIII be uecLed
becuuse one pIune wIII Iuve
up Lo oo-6oo pussengers uL u
LIme. So we ure uwuILIng LIeIr
commenLs, suId SIngI.
A cIunge couId benehL cur-
rIers IIke SIngupore AIrIInes,
EmIruLes, uILIunsu und BrIL-
IsI AIrwuys LIuL operuLe LIe
super-jumbo und y Lo ndIu,
us weII A8o cusLomers IIke
ELIIud und QuLur AIrwuys wIo
Iuve noL Luken deIIvery oI LIe
uIrcruIL.
KInghsIer AIrIInes wus LIe
onIy ndIun A8o cusLomer, buL
AIrbus suId on Monduy LIuL IL
Iud revoked LIuL order. TIe n-
dIun currIer, wIIcI Iud ordered
hve A8os, sLopped operuLIons
In OcLober zo1z uILer severuI
yeurs oI Iosses. Reuters
~.e.._ ,.-_._~...
._~:....:.~:. ~_.__._.q:
~, ..: . .:.~:. ..: q ~ _. .~
~, .~ ~:._.. :.._ ~.~ .:.~
~. .~~ . ..: . .... :.eeq
._~:. .q._.
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.:.~.,_ e ~_ ._ _ ._ . q:..
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~~ ~ ~,_... |.. . ~: ..._~: .
~,..: . .:.~ ..: q ~ :.e .q
.__e... ..e:~.. ~ ~~
._. . . :.q._ _e. ._~: . . q
._.
_ ._ ~ ...._ ~: ..q.q:~, _ ~ .
Ajit Singh ~ e. ._.. .._ .~..
.:.~ ..:...:. _...q,~~~
,e....~.,_e e~.qe~..q
~e-..:~_.~~ .:._.
~ qqq,~~~._. _~.....:.
eeq._~:. ._.:_~:..._.
.,.- Suntory Holdings Ltd
._ ~..q~,- e.~:~.~_e.
._ BeamInc ~:. ~..q~,
..'.: ~,.' .e_e ~ee. :.
e e q .,_. . e. . . , .~e e . ..:
~ _ _e. ._.:~ . ._ . . ., ~ . ~
_e.._ Suntory ~:. ~.:~~e
~_ ~ .. . e.~: ~ .. . ~_ e.
q.~_.:....__e.._. Beam
- ~.:.~ ._~._. .:. .|~ ._ . .
..,...:~_.._ ~..q~,
..'.: ~' .e~q.._~:.
.q._.
e. . . , .~e e . ~. ._..~: _.
.:..._..|~ Suntory ~.,_e
~~e~_~...~.~~.~~.._e.
.:.__e... ~.....:~~q
..._.:~~_~... ~.~~.~~..
_e. .:._ _e. ._~: .~_._ _._ . q:
~.e.~:..~.,~q.q._.
A fueI tanker moves past Air India passenger jets parked at an airport in KoIkata.
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An advertisement for Suntory HoIding's Kakubin whisky is dispIayed at a station in Tokyo. Suntory HoIdings Itd on Monday
said it wouId buy US spirits company Beam Inc for $13. biIIion cash in a deaI that wouId make the ]apanese company the
worId's third-Iargest spirits maker.
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January 23-29, 2014
Myanmar Business Today
mmbiztoday.com
REGIONAL BIZ
16
Myanmar Summary
S Koreu Cots Iotore Reliunce on Nocleur
Power, Bot New Plunts Likely
Nuclear power to make up 29pc of total by 2035
Jane Chung
S
ouLI Koreu Ius revIsed
down ILs IuLure reIIunce on
nucIeur power, uILIougI
growIng energy demund und
LIe sIuLdown oI ugIng reucLors
meun IL Is sLIII IIkeIy Lo need
more nucIeur-hred pIunLs over
LIe comIng Lwo decudes.
AsIu`s IourLI-IurgesL economy
Ius been under pressure Lo curb
ILs use oI nucIeur power In LIe
wuke oI u suIeLy scunduI LIuL
Ied Lo LIe sIuLdown oI some
nucIeur reucLors Lo repIuce
purLs suppIIed wILI Iuke suIeLy
cerLIhcuLes.
TIe energy mInIsLry suId IL
Ius cIunged ILs energy poIIcy
Lo reduce LIe counLry`s reIIunce
on nucIeur power Lo zq percenL
oI LoLuI power suppIy by zo,
down Irom u pIunned q1 percenL
by zoo und In IIne wILI u druIL
proposuI.
NucIeur power mude up z6
percenL oI SouLI Koreu`s energy
mIx us uL end-zo1z.
TIe proposed cuL Is LIe IeusL
sLrIngenL reducLIon oI u runge
oI hgures suggesLed IusL OcLo-
ber by a public advisory group,
IoIIowIng pubIIc unger over LIe
suIeLy scunduI und In LIe wuke
oI Jupun`s ukusIImu dIsusLer.
n eurIy December, LIe mInIs-
Lry unveIIed u druIL oI ILs poIIcy
revIsIon In wIIcI LIe govern-
menL mude cIeur LIuL nucIeur
power sLIII Iud u roIe Lo pIuy
und ILs cupucILy wouId noL be
drusLIcuIIy sIusIed or expunded.
TIe mInIsLry suys LIe counLry
wIII need u LoLuI oI q,ooo
meguwuLLs (MW) nucIeur
power cupucILy by zo, up
Irom 6,ooo MW by zozq.
SouLI Koreu currenLIy Ius z
nucIeur reucLors, wIIcI produce
ubouL u LIIrd oI ILs eIecLrIcILy,
und pIuns Lo udd 11 more by
zozq, wILI hve uIreudy under
consLrucLIon.
or nucIeur power Lo meeL
ILs sIure oI IuLure cupucILy, u
IurLIer hve 1,qoo MW reucLors
wouId need Lo be buIIL beLween
zoz und zo, un energy mIn-
IsLry omcIuI wIo decIIned Lo be
IdenLIhed LoId ReuLers.
Under LIe prevIous pIun Ior
nucIeur power Lo muke up q1
percenL oI LoLuI energy suppIy,
SouLI Koreu wouId Iuve needed
Lo udd us muny us zo uddILIonuI
reucLors, uccordIng Lo IndusLry
duLu.
n uddILIon, LIe operuLIng II-
cences Ior 1q unILs wIII expIre by
zo, more LIun IuII oI LIe cur-
renL LoLuI, uILIougI LIe mInIsLry
Ius yeL Lo unnounce wIeLIer IL
wouId exLend LIeIr operuLIng
IIIe or Iook Lo repIuce LIem.
TIe mInIsLry uIso suId IL pIuns
Lo InvesL 1.1 LrIIIIon won ($qq.6q
mIIIIon) In ugeIng nucIeur IucIII-
LIes by zo1; us purL oI eorLs Lo
sLrengLIen nucIeur suIeLy.
TIe sLudy group Iud recom-
mended reducIng LIe counLry`s
reIIunce on nucIeur energy Lo
beLween zz Lo zq percenL oI ILs
LoLuI power suppIy.
OI LIe counLry`s z nucIeur re-
ucLors, LIree ure omIne muInIy
Ior scIeduIed muInLenunce,
IncIudIng u reucLor wIIcI Is
uwuILIng un exLensIon oI ILs
IIcence uILer ILs o-yeur IIIespun
expIred In November zo1z, uc-
cordIng Lo u websILe oI nucIeur
operuLor Koreu Hydro & Nu-
cIeur Power (KHNP). Reuters
LS Chullenges Chinu over oties on High-Tech Steel
T
Ie UnILed SLuLes In-
creased pressure on
CIInu IusL week In u
dIspuLe over US IIgI-LecI sLeeI
exporLs, uccusIng BeIjIng oI noL
compIyIng wILI u WorId Trude
OrgunIzuLIon dIrecLIve Lo drop
duLIes.
US Trude RepresenLuLIve
MIcIueI romun suId CIInu
conLInued Lo use LurIs Lo eec-
LIveIy bIock ImporLs oI US gruIn
orIenLed uL-roIIed eIecLrIcuI
sLeeI, used In LIe cores oI IIgI-
emcIency LrunsIormers, eIecLrIc
moLors und generuLors, despILe
u WTO ruIIng In LIe UnILed
SLuLes` Iuvour.
TIe WTO Iound LIuL CIInu's
duLIes ure InconsIsLenL wILI
WTO ruIes. We were rIgIL, und
CIInu wus wrong, romun LoId
u news conIerence.
UnIorLunuLeIy, IL uppeurs
LIuL CIInu Ius noL correcLed
LIose InconsIsLencIes.
TIe UnILed SLuLes brougIL LIe
sLeeI cuse In zo1o uILer CIInu
uccused US exporLers oI dump-
Ing - or seIIIng uL unIuIrIy Iow
prIces - on LIe CIInese murkeL
und IevIed punILIve duLIes on
LIe sLeeI ImporLs. TIe WTO
decIded Ior LIe UnILed SLuLes In
zo1z.
TIe omce suId LIe ucLIon Lo
seek consuILuLIons wILI CIInu
over LIe sLeeI duLIes murked LIe
hrsL LIme LIe UnILed SLuLes Iud
InILIuLed u WTO proceedIng Lo
cIuIIenge u cIuIm by CIInu LIuL
IL Iud compIIed wILI u WTO
dIspuLe ruIIng.
US exporLs oI LIe specIuILy
sLeeI producL, mude by AK SLeeI
Corp oI OIIo und AT AIIegIeny
udIum oI PennsyIvunIu, Iud
been worLI $zo mIIIIon u yeur
beIore CIInu Imposed duLIes.
ALLorneys Ior LIe USTR suId
LIey Ioped CIInu wouId brIng
ILs LurIs InLo IIne wILI WTO
ruIes uILer LIe US requesL und
u revIew by u WTO compIIunce
puneI.
CounLrIes cun uILImuLeIy seek
compensuLIon or redress II
LrudIng purLners do noL compIy
wILI WTO ruIes. Reuters
Myanmar Summary
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..:..:..__e.._~:..q._.
.~:~q.e:.~.,_e e..~~
..:~._.~.,~ . . .~. ~.
.~_.~~.:_.. ..~..e:..:~
..| .e .:.~ ._ . . ~ :.. q. ._~:
.:._ .e . . . . ~~ . ..~. .
e:.. . .~ . ..:~ ~:.....~ , .:.~
. . . ~. .,._ ~. q .,..: ._ .
~~ .|~~ . ~,:~ . . .~
.~..~~~ ..~..e:....~
~..' ...,q.~ ..:.. :..__e.
._.
~:q- .~~~_~...... :..q.~
. . :.._ .~: ~ q.e:.~.,_e
..~. q:e ~ .q ..q.~ ..~: .
.~..:.._~: ..~.....~:.
~.._..~ ..:.q, ~~ ~ e ~:.
~ q . .,q_. . ~...~. .e:..:~
..|.e.:.~._. .~...q._.
...~~,_~._:,. ._.:_~:..~~q
.~: ~ q .e:.~.,_e , .-. . .~
..'.. ~ ._.: .. . q_. . ..~. .e:.
. . .~ ~..' . . .,q. ~ ..: .. :.
q,~~~_e.._~:.. ~, ...
_ ....|....~.:~.qq.~
..~..e:....~~:. q:..,.
.: .|~ q, . . :.._~: . . q._ .
~..q ~, - ~. _. ,_ .._:
..~. ~,.:.. .~.~_ ~_.
.:..~..' ~..q~,. ~,~..
.,:~ . e ~:..... ~ _.. . . ._~: .
.q._.
~,~.~.,_e ~.:~,.e
.q.~e~._.. ..~:.._ ._.
..._.~...:.. ~~_..q..:
~.~:~ . , .~:~ . e . .:.~ _.. .
.,._~:. ~..q~,. ...._.:
_~:..._.
~..q~,- ~,.e.q.~e.:.
.e Michael Froman ~ ~,~
.~.,_e ...q__. q,..e:.:
.:.~ ~.._...: ~..q~,-
. .~ , .:.~..' ~. , .~:~ . . .:.
~ .~ .~ _.. . .,...._~: . ._.:
_~:..._.
~. : ~ , . e .q.~e ~._ ._~ .-
.~q.~~q ~,~.-~.~:~
. , .:.._ ~. : ~ , . e .q.~e ~._ .
_~ .-._ .. .._ .~. ..:.. .~ ~ _
._~:. ..~~.,_e .,~,._..
~,~.~. .:.e..._e
Froman ~ .~..:q....~..
~ ._.:_~:..._.
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INTERNATIONAL BIZ
17
January 23-29, 2014
Myanmar Summary
Myanmar Summary
Contd. P 22...(Coldcorp)
Myanmar Business Today
mmbiztoday.com
LS Luwmukers Lnveil $1.1-tn Spending Bill,
No Obumucure Increuse
David Lawder
N
egoLIuLors In LIe US
Congress IusL week
unveIIed u $1.1 LrII-
IIon spendIng bIII LIuL uIms Lo
prevenL unoLIer governmenL
sIuLdown wIIIe boosLIng Iund-
Ing IeveIs sIIgILIy Ior mIIILury
und domesLIc progrums - buL
noL Ior Obumucure IeuILI
reIorms.
TIe meusure euses ucross-
LIe-bourd spendIng cuLs by
provIdIng un exLru $q bIIIIon
Ior mIIILury und domesLIc dIs-
creLIonury progrums Ior hscuI
zo1q, Lo u LoLuI oI $1.o1z LrIIIIon.
L uIso provIdes un uddILIonuI
$8.z bIIIIon Ior AIgIunIsLun
wur IundIng LIuL Is LypIcuIIy
IundIed o-budgeL.
TIe spendIng meusure hIIs In
LIe deLuIIs oI u budgeL ugree-
menL pussed In December In LIe
uILermuLI oI u 16-duy sIuLdown
oI muny governmenL ugencIes
In OcLober. TIe sIuLdown wus
prompLed IurgeIy by dIspuLes
over IundIng Ior Obumucure
IeuILI Insurunce reIorms.
AILIougI muny progrums wIII
geL u sIIgIL Increuse over zo1
IeveIs und uvoId sLeep cuLs pre-
vIousIy sIuLed Ior LIIs yeur, LIe
proposed bIII does noL provIde
uny Increuse Ior ImpIemenLu-
LIon oI LIe AordubIe Cure AcL,
PresIdenL Buruck Obumu`s sIg-
nuLure IeuILIcure reIorm Iuw.
AccordIng Lo u House Repub-
IIcun summury, u pubIIc IeuILI
Iund wIII be reduced by $1 bIIIIon
Lo prevenL HeuILI und Humun
ServIces SecreLury KuLIIeen
SebeIIus Irom ruIdIng LIese
Iunds Lo spend on Obumucure
Insurunce excIunges.
TIe cIuIrs oI LIe SenuLe und
House oI RepresenLuLIves Ap-
proprIuLIons CommILLees suId
In u joInL sLuLemenL LIuL LIe
deuI wIII eIImInuLe LIe economIc
InsLubIIILy cuused by Congress`
recenL IundIng buLLIes.
As wILI uny compromIse, noL
everyone wIII IIke everyLIIng
In LIIs bIII, buL In LIIs dIvIded
governmenL u crILIcuI bIII sucI
us LIIs sImpIy cunnoL reecL
LIe wunLs oI onIy one purLy,
DemocruLIc SenuLor Burburu
MIkuIskI oI MuryIund und
RepubIIcun RepresenLuLIve
HuroId Rogers oI KenLucky suId
In u sLuLemenL.
WIILe House BudgeL DIrecLor
SyIvIu MuLIews BurweII suId
LIe meusure wIII IeIp Iund crILI-
cuI InvesLmenLs In educuLIon
und InIrusLrucLure.
TIIs IegIsIuLIon udIeres
Lo LIe IundIng IeveIs In LIe
budgeL ugreemenL enucLed In
December, unwInds some oI
LIe dumugIng cuLs cuused by
sequesLruLIon, sIe suId In u
sLuLemenL.
TIe mIIILury uvoIds ubouL $zz
bIIIIon In LIe ucross-LIe-bourd
cuLs, wILI LoLuI non-wur spend-
Ing oI ubouL $zo. bIIIIon
under LIe bIII, wIIIe ugencIes
Iocused on domesLIc progrums
wIII geL $qq1.8 bIIIIon, repre-
senLIng un Increuse oI ubouL $zz
bIIIIon over sequesLer IeveIs.
BuL some conLroversIuI budgeL
ILems Look u IIL. TIe spendIng
meusure provIdes no Iunds Ior
IIgI-speed ruII projecLs, und IL
uguIn denIed u IundIng Lruns-
Ier needed Lo puy Ior crILIcuI
reIorms Lo LIe nLernuLIonuI
MoneLury und. Reuters
Goldcorp OHers $.qb to Acqoire Osisko Mining
Euan Rocha and
Allison Martell
G
oIdcorp nc IuuncIed
un unsoIIcILed cusI-
und-sLock bId Lo ucquIre
smuIIer rIvuI OsIsko MInIng
Corp Ior C$z.6 bIIIIon ($z.q
bIIIIon) IusL week, In u move Lo
guIn conLroI oI OsIsko`s MuIur-
LIc goId mIne In Quebec.
TIe bId Is LIe CunudIun goId
secLor`s hrsL mujor uLLempL uL u
merger und ucquIsILIon deuI In
neurIy u yeur. MIners sLung by
u z percenL drop In LIe prIce
oI goId over LIe IusL 1z monLIs
Iuve Iocused on cuLLIng cosLs
und sIowIng work on growLI
projecLs.
TIe ucquIsILIon oI LIe Iurge,
Iow-grude MuIurLIc deposIL
wouId boosL GoIdcorp`s proven
und probubIe reserves by some
1o mIIIIon ounces, buL IL wouId
uIso presenL perIIs.
GIven LIe Iow grude oI LIe
reserves, LIe OsIsko usseLs wIII
be reIuLIveIy suscepLIbIe Lo uny
IurLIer weukness In LIe goId
prIce, LIougI LIe CunudIun doI-
Iur wIII IeIp proLecL LIe domes-
LIc mInIng IndusLry, JPMorgun
unuIysL JoIn BrIdges suId In u
noLe Lo cIIenLs.
TIe CunudIun doIIur IIL u
Iour-yeur Iow uguInsL LIe US
doIIur Lwo weeks ugo, uILer duLu
sIowed Cunudu unexpecLedIy
sIed jobs IusL monLI. A weuk
CunudIun doIIur LypIcuIIy IeIps
mIners LIuL Iuve usseLs wILIIn
Cunudu us mosL oI LIeIr cosLs
ure denomInuLed In CunudIun
doIIurs, wIIIe goId suIes ure In
US doIIurs.
We Iuve been workIng on LIIs
(LrunsucLIon) Ior some LIme, so
LIe CunudIun doIIur movemenL
dId noL drIve LIe dIscussIon or
LIe decIsIon, buL LIe move Iooks
good und IL Is someLIIng LIuL
IeIps our exIsLIng porLIoIIo und
IL wouId IeIp LIIs usseL goIng Ior-
wurd us weII, GoIdcorp`s cIIeI
execuLIve omcer, CIuck Jeunnes,
suId on u conIerence cuII.
GoIdcorp suId IL wIII hIe u
Lukeover bId cIrcuIur wILI de-
LuIIs oI LIe oer.
n u sLuLemenL reIeused uILer
LIe murkeL cIosed, OsIsko suId
ILs bourd wIII consIder GoId-
corp`s unnouncemenL und uny
IormuI oer. Reuters
A goId mine of CoIdcorp Inc in Canada.
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January 23-29, 2014
Myanmar Business Today
mmbiztoday.com
INTERNATIONAL BIZ
18
Myanmar Summary
How Iucebook Likes Get Booght And Sold
Martha Mendoza
C
eIebrILIes, busInesses
und even LIe US SLuLe
DepurLmenL Iuve bougIL
bogus ucebook IIkes, TwILLer
IoIIowers or YouTube vIewers
Irom osIore cIIck Iurms,
wIere workers Lup, Lup, Lup LIe
LIumbs up buLLon, vIew vIdeos
or reLweeL commenLs Lo InuLe
socIuI medIu numbers.
SInce Iucebook IuuncIed
uImosL 1o yeurs ugo, users
Iuve sougIL Lo expund LIeIr
socIuI neLworks Ior hnuncIuI
guIn, wInnIng IrIends, bruggIng
rIgILs und proIessIonuI cIouL.
And socIuI medIu compunIes
cILe LIe IeveIs oI engugemenL Lo
LouL LIeIr vuIue.
BuL un AssocIuLed Press
exumInuLIon Ius Iound u grow-
Ing gIobuI murkeLpIuce Ior Iuke
cIIcks, wIIcI LecI compunIes
sLruggIe Lo poIIce. OnIIne
records, IndusLry sLudIes und
InLervIews sIow compunIes ure
cupILuIIsIng on LIe opporLunILy
Lo muke mIIIIons oI doIIurs by
dupIng socIuI medIu.
or us IILLIe us u IuII cenL eucI
cIIck, websILes Iuwk everyLIIng
Irom Inkedn connecLIons Lo
muke members uppeur more
empIoyubIe Lo SoundcIoud
pIuys Lo Inuence record IubeI
InLeresL.
AnyLIme LIere`s u moneLury
vuIue udded Lo cIIcks, LIere`s
goIng Lo be peopIe goIng Lo LIe
durk sIde, suId MILuI GundII,
CEO oI seoCIurILy, u Des PIuInes,
II., socIuI medIu murkeLIng hrm
LIuL weeds ouL pIony onIIne
engugemenLs.
LuIIun securILy reseurcIers
und bIoggers Andreu SLroppu
und CurIu De MIcIeII esLImuLed
In zo1 LIuL suIes oI Iuke TwIL-
Ler IoIIowers Iuve LIe poLenLIuI
Lo brIng In $qo mIIIIon Lo $6o
mIIIIon Lo duLe, und LIuL Iuke Iu-
cebook ucLIvILIes brIng In $zoo
mIIIIon u yeur.
As u resuIL, muny hrms, wIose
vuIues ure bused on credIbIIILy,
Iuve enLIre Leums doggedIy pur-
suIng LIe buyers und brokers oI
Iuke cIIcks. BuL eucI LIme LIey
cruck down on one, unoLIer,
more creuLIve scIeme emerges.
WIen soILwure engIneers
wroLe compuLer progrums, Ior
exumpIe, Lo generuLe IucruLIve
Iuke cIIcks, LecI gIunLs IougIL
buck wILI soILwure LIuL screens
ouL boL-generuLed cIIcks und
begun reguIurIy sweepIng user
uccounLs.
YouTube wIped ouL bIIIIons oI
musIc IndusLry vIdeo vIews IusL
December uILer uudILors Iound
some vIdeos uppurenLIy Iud
exuggeruLed numbers oI vIews.
Ls purenL-compuny, GoogIe, Is
uIso consLunLIy buLLIIng peopIe
wIo generuLe Iuke cIIcks on
LIeIr uds.
And ucebook, wIose mosL
recenL quurLerIy reporL esLI-
muLed us muny us 1q.1 mIIIIon
oI ILs 1.18 bIIIIon ucLIve users
ure IruuduIenL uccounLs, does
IrequenL purges. TIuL`s purLIcu-
IurIy ImporLunL Ior u compuny
LIuL wus buIIL on LIe prIncIpIe
LIuL users ure reuI peopIe.
TwILLer`s JIm Prosser suId
LIere`s no upsIde. n LIe end,
LIeIr uccounLs ure suspended,
LIey`re ouL LIe money und LIey
Iose LIe IoIIowers, Ie suId.
Inkedn spokesmun Doug
Mudey suId buyIng connec-
LIons dIIuLes LIe member
experIence, vIoIuLes LIeIr user
ugreemenL und cun uIso prompL
uccounL cIosures.
GoogIe und YouTube Luke
ucLIon uguInsL bud ucLors LIuL
seek Lo gume our sysLems, suId
spokeswomun Andreu uvIIIe.
DIuku, BungIudesI, u cILy oI ;
mIIIIon In SouLI AsIu, Is un In-
LernuLIonuI Iub Ior cIIck Iurms.
TIe CEO oI DIuku-bused
socIuI medIu promoLIon hrm
UnIque T WorId suId Ie Ius
puId workers Lo munuuIIy cIIck
on cIIenLs` socIuI medIu puges,
mukIng IL Iurder Ior Iucebook,
GoogIe und oLIers Lo cuLcI
LIem. TIose uccounLs ure
noL Iuke, LIey were genuIne,
SIuIIuI sIum suId.
A recenL cIeck on Iucebook
sIowed DIuku wus LIe mosL
popuIur cILy Ior muny, IncIud-
Ing soccer sLur eo MessI, wIo
Ius 1 mIIIIon IIkes; Iucebook`s
own securILy puge, wIIcI Ius
;.; mIIIIon IIkes; und GoogIe`s
Iucebook puge, wIIcI Ius 1.z
mIIIIon IIkes.
n zo1, LIe SLuLe DepurL-
menL, wIIcI Ius more LIun
qoo,ooo IIkes und wus recenLIy
mosL popuIur In CuIro, suId IL
wouId sLop buyIng Iucebook
Iuns uILer ILs InspecLor generuI
crILIcIsed LIe ugency Ior spend-
Ing $6o,ooo Lo boosL LIe
numbers.
n one cuse, ILs Iun LuIIy rose
Irom ubouL 1o,ooo Lo more
LIun z. mIIIIon.
SomeLImes LIere ure pIuusIbIe
expIunuLIons Ior cIIck Increuses.
or exumpIe, Burger KIng`s
mosL popuIur cILy wus, Ior u Iew
weeks LIIs yeur, KurucII, Pu-
kIsLun, uILer LIe cIuIn opened
severuI resLuurunLs LIere.
WIIIe LIe ederuI Trude
CommIssIon und severuI sLuLe
uLLorney generuIs Iuve crucked
down on Iuke endorsemenLs or
revIews, LIey Iuve noL weIgIed
In on cIIcks. MeunwIIIe, Iun-
dreds of online businesses sell
cIIcks und socIuI medIu uccounLs
Irom uround LIe worId.
BuyPIusoIIowers seIIs zo
GoogIe+ sIures Ior $1z.q.
nsLugrumEngIne seIIs 1,ooo
IoIIowers Ior $1z. AuLIenLIcHILs
seIIs 1,ooo SoundCIoud pIuys
Ior $q.
L`s u IucruLIve busIness, suId
LIe presIdenL und CEO oI We-
SeIIIkes.com.
TIe busInesses buy LIe
Iucebook IIkes becuuse LIey`re
uIruId LIuL wIen peopIe go Lo
LIeIr Iucebook puge und LIey
onIy see 1z or 1 IIkes, LIey`re
goIng Lo Iose poLenLIuI cusLom-
ers, Ie suId. TIe compuny
omcIuI spoke on condILIon oI
unonymILy, suyIng Ie recenLIy
moved IIs compuny osIore Lo
uvoId IILIguLIon or ceuse-und-
desIsL noLIces.
n ndonesIu, u socIuI medIu-
obsessed counLry wILI some oI
LIe IurgesL number oI Iucebook
puges und TwILLer users, cIIck
Iurms proIIIeruLe.
AII HunuhuI, qo, oers 1,ooo
TwILLer IoIIowers Ior $1o und 1
mIIIIon Ior $6oo. He owns IIs
own server, und puys $1 per
monLI per nLerneL ProLocoI
uddress, wIIcI Ie uses Lo gen-
eruLe LIousunds oI socIuI medIu
uccounLs.
TIose uccounLs, Ie suId,
enubIe us Lo creuLe muny Iuke
IoIIowers.
DurIng un InLervIew uL u
downLown JukurLu cuIe, Hunu-
huI - weurIng u NIke cup, bIue
jeuns und u wIILe T-sIIrL - suId
Iurge socIuI neLworks cun boosL
u busIness` pubIIc prohIe.
Toduy, we ure IIvIng In u
LIgIL compeLILIon worId LIuL Is
IorcIng peopIe Lo compeLe wILI
muny LrIcks, Ie suId.
Tony HurrIs, wIo does socIuI
medIu murkeLIng Ior mujor
HoIIywood movIe hrms, suId
Ie wouId Iove Lo be ubIe Lo gIve
IIs cIIenLs mussIve numbers oI
TwILLer IoIIowers und Iucebook
Iuns, buL buyIng LIem Irom
rundom sLrungers Is noL very
eecLIve or eLIIcuI.
TIe IIIusIon oI u mussIve
IoIIowIng Is oILen jusL LIuL, Ie
suId.
TIe Iuke cIIck murkeL Ius
generuLed unoLIer busIness:
uudILors.
RoberL WuIIer, Iounder oI
ondon-bused SLuLus PeopIe,
IeIps cIIenLs bIock Iukes. We
Iuve Iud u IoL oI peopIe wIo
Iuve bougIL Iuke uccounLs,
reuIIsed IL`s u sLupId Ideu und
LIey`re IookIng Ior wuys Lo geL
rId oI LIem, Ie suId.
DuvId BurcI, uL TubeMoguI,
u vIdeo murkeLIng hrm bused
In EmeryvIIIe, CuIII., suId LIuL
buyIng cIIcks Lo promoLe cIIenLs
Is u gruve error. L`s bud busI-
ness, Ie suId, und II un ud-
verLIser ever Iound ouL you dId
LIuL, LIey`d never do busIness
wILI you uguIn.

Facebook Iogos on a computer screen are seen in this photo iIIustration.
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INVESTMENT & FINANCE
19
January 23-29, 2014
Myanmar Summary
Myanmar Summary
Myanmar Business Today
mmbiztoday.com
Investing in YoorselI
T
Iere Is one ureu oI hnun-
cIuI pIunnIng LIuL Is very
oILen overIooked by LIose
In LIe hnuncIuI servIces Indus-
Lry, und sudIy LIIs Is becuuse
IL Isn`L un ureu wIere udvIsors
ure ubIe Lo muke u commIssIon
Ior LIemseIves ouL oI IL. A very
ImporLunL purL oI your InvesL-
menLs eucI yeur sIouId be
dIrecLIy InLo yourseII. AILer uII,
II you won`L do IL, wIy wouId
unybody eIse? TIIs doesn`L
uIwuys need Lo be u hnuncIuI
InvesLmenL InLo yourseII or
some sIde busIness eILIer, IL
Is jusL us oILen un InvesLmenL
oI LIme wIIcI cun resuIL In un
Increuse In your ubIIILy Lo eurn,
or your own goIng ruLe on LIe
job murkeL.
One InvesLmenL LIuL Is quILe
eusy Lo muke Is In LIe ureu oI
personuI deveIopmenL. AddIng
good IubILs Lo your personuI-
ILy sIowIy over LIme cun puy
reuIIy bIg dIvIdends In Lerms
oI your Iong Lerm cureer puLI.
eurnIng Lo be u nIcer und more
ugreeubIe person Is noL uIwuys
someLIIng LIuL comes uIong
nuLuruIIy wILIouL conscIous
eorL, und hnd reudIng books
on LIe subjecL Irom LIme Lo LIme
u greuL remInder oI LIe ureus
need Lo work on. WIen LIe
nexL opporLunILy Lo promoLe
someone Irom your runks
urIses, u bIg dIerenLIuLIng Iuc-
Lor In wIo geLs LIe nod Lo move
up LIe Iudder Is oILen bused on
Iow pIeusIng u personuIILy eucI
David Mayes
worker Ius, ussumIng LIe LuIenL
IeveIs ure very sImIIur.
SeII-ImprovemenL doesn`L
uIwuys Iuve Lo be IeurnIng u
new Iunguuge or LukIng nIgIL
cIusses Lo become prohcIenL
In u new skIII LIuL Is useIuI In
your cIosen heId oI endeuvour,
uILIougI IubILuuIIy uddIng Lo
your skIII seL vIu LIese meLIods
wIII quIckIy seL you upurL Irom
mosL oI your peers wIo never
do so.
um u bIg beIIever In IIIeIong
educuLIon, wIereus mosL peopIe
see IL Is someLIIng LIuL sLops
once you Iuve uLLuIned your
hnuI degree. No muLLer Iow
good you ure In your currenL
roIe, LIere Is uIwuys someLIIng
you cun Ieurn Lo muke you more
vuIuubIe Lo your empIoyer or
cIIenLs und cusLomers. Muke
LIe InvesLmenL In yourseII now
und LIe moneLury rewurds
sIouId IusL u IIIeLIme. You cun
Iose your job und your IIIe suv-
Ings, buL wILI LIe excepLIons oI
AIzIeImer`s und Ieud Lruumu
you cunnoL Iose your educuLIon.
AnoLIer ureu LIuL Is eusy Lo
InvesL In Is your personuI IeuILI
und hLness. CIInIcuI sLudIes
Iuve sIown LIuL even LIe ucL oI
LIInkIng uses up LIe gIycogen
runnIng LIrougI your bIood.
SomeLIIng us sImpIe us un
InvesLmenL oI o-q mInuLes
oI joggIng -q LImes u week cun
muke you mucI more produc-
LIve durIng LIe Iours you ure uL
your desk workIng by IncreusIng
your overuII energy IeveIs. Work
oI uny kInd Lukes energy so you
sIouId conLInuousIy InvesL In
IosLerIng your body`s ubIIILy Lo
produce IL.
AILIougI LIese LIps ure noL
rockeL scIence und LIIngs you
Iuve IIkeIy Ieurd beIore, mosL
peopIe don`L Luke LIe LIme Lo
pIun und wrILe ouL gouIs Ior
LIeIr personuI deveIopmenL.
or some reuson LIIngs LIuL
don`L geL wrILLen down oILen
don`L ever geL done us IIIe Is
consLunLIy LIrowIng LIIngs uL us
LIuL seem Lo need our ImmedI-
uLe uLLenLIon.
TIus muny peopIe`s skIII
seLs remuIn sLugnunL und LIeIr
ubIIILy Lo eurn onIy ruIses by
uddIng u number Lo LIe yeurs
oI experIence box. WrILe ouL
u one yeur, hve yeur, und Len
yeur pIun on wIuL new skIIIs
you wouId IIke Lo udd Lo your
CV und cIoose one or Lwo eucI
yeur Lo Iocus on. TIIs Is LIe onIy
InvesLmenL In LIe worId LIuL Is
1oo percenL guurunLeed Lo do
wIuL you expecL IL Lo.
David Mayes MBA provides
wealth management ser-
vices to expatriates throughout
Southeast Asia, focusing on
UK Pension Transfers. He
can be reached at david.m@
faramond.com. Faramond UK
is regulated by the FCA and
provides advice on pensions
and taxation.
CB Bunk Luonches Trude Puyment Remittunce Services
Phyu Thit Lwin
C
o-operuLIve Bunk (CB)
und Koreu ExcIunge
Bunk Iuve LIed up Lo
IuuncI dIrecL Lrude puymenL re-
mILLunce servIces Ior exporLers
und ImporLers, ILs Lop omcIuI
suId.
ExporLers und ImporLers wIII
be ubIe Lo muke dIrecL money
LrunsIers, usIng eILIer JC (IeL-
Ler oI credIL) or TT (LeIegrupIIc
LrunsIer) puymenL sysLem Lo
LIeIr purLner In Koreu Lo seLLIe
LIe puymenLs Incurred Irom
LrudIng ucLIvILIes, U Pe MyInL,
munugIng dIrecLor oI CB Bunk,
suId.
TIe bunks sLurLed LIe servIce
IusL monLI.
To uvuII LIIs servIce, exporL-
ers und ImporLers ure requIred
Lo open u bunk uccounL uL CB
Bunk.
n LIe pusL, Lruders were noL
ubIe Lo curry ouL dIrecL hnuncIuI
LrunsucLIons wILI Koreun Lrud-
ers, LIus requIrIng Jupunese
bunks us u medIum. nLerbunk
uccounLs were opened beLween
Jupunese und Myunmur bunks
und puymenLs were mude Lo LIe
correspondenL Jupunese bunks
wIIcI were LIen LrunsIerred
Lo eILIer Koreun or Myunmur
bunks.
TIIs Lype oI money LrunsIer
Is cosLIy Ior Lruders us com-
mIssIons ure deducLed by LIe
InLermedIury Jupunese bunks.
SouLI Koreu Is one oI Myun-
mur`s mujor LrudIng purLners In
Lerms oI Lrude voIumes.
CB ~. Korea Exchange
~ ~ ._ . ~ , ~ . . .:..
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Something as simpIe as an investment of 3U-45 minutes of jogging 3-4 times a week can make you much more productive
during the hours you are at your desk working by increasing your overaII energy IeveIs.
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January 23-29, 2014
Myanmar Business Today
mmbiztoday.com
INVESTMENT & FINANCE
20
Myanmar Summary
Gonkol to Invest over $gom
in Thai, Myanmar Power Plants
Shein Thu Aung
T
IuIIund`s GunkuI
EngIneerIng pIuns
Lo InvesL more LIun
$8; mIIIIon over LIe nexL
Lwo yeurs Lo deveIop wInd
power pIunLs In TIuIIund
und gus-hred power
pIunLs In Myunmur.
TIIs Is purL oI LIe
compuny`s sLruLegy Lo
LrunsIorm ILseII Irom un
ImporLer und provIder oI
eIecLrIcuI equIpmenL InLo
u power producer In LIe
ASEAN regIon.
L uIms Lo produce uL
IeusL oo meguwuLLs
(MW) oI eIecLrIcILy Irom
boLI uILernuLIve energy
und gus In TIuIIund und
Myunmur by zo16,
cIuIrmun GunkuI DIum-
rongpIyuwuL LoId u news
conIerence uL ILs pIunL In
Yungon.
TIe compuny suId IL Is
uIso IookIng InLo deveIop-
Ing u soIur power pIunL In
Jupun In u joInL venLure
wILI TIuIIund`s IurgesL
energy hrm LIIs yeur,
wILIouL gIvIng IurLIer
deLuIIs.
Up Lo o percenL oI
LIe Lwo-yeur InvesLmenL
budgeL, or $116 mIIIIon,
wIII come Irom LIe com-
puny`s cusI ow, und LIe
resL Irom bunk Iouns.
MunugIng DIrecLor
Somboon AueuLcIusuI
udded LIe compuny wouId
begIn operuLIng u z8MW
soIur pIunL LIIs yeur, muk-
Ing ILs LoLuI producLIon
Irom uILernuLIve sources
Lo 1qMW by zo16.
By zo16, LIe com-
puny uIso uIms Lo produce
1oMW In Myunmur boLI
Irom gus und wInd power
pIunLs.
TIe hrsL projecL Is u
1 percenL joInL venLure
wILI LIe operuLor oI un
eIecLrIcILy pIunL In Yun-
gon LIuL Ius ucquIred u
prIvuLe power purcIuse
(PPP) ugreemenL Lo pro-
vIde oMW Lo Myunmur`s
governmenL. TIe pIunL
begun operuLIng IusL yeur,
producIng zMW.
or LIIs deuI, LIe com-
puny Ius seL up u wIoIIy
owned subsIdIury In SIn-
gupore, GunkuI Myunmur
Power (HIuwgu) PLe, Lo
IoId 1 percenL oI LIe
joInL venLure In Myunmur,
wIose InvesLmenL budgeL
Is ubouL $q mIIIIon.
GunkuI Myunmur Power
(HIuwgu) wIII uIso IoId
uL IeusL 1 percenL In LIe
nexL zMW produced by
LIe Myunmur hrm under
u PPP by LIe end oI LIIs
yeur or In zo1.
nvesLmenL In IurLIer
projecLs umounLIng Lo
ubouL 1ooMW, Irom boLI
gus und wInd power pIunL,
In Myunmur Is under
sLudy, Somboon suId.
Up Lo o percenL oI
our neL prohL wIII come
Irom eIecLrIcILy pIunLs by
zo16, Ie suId.
TIIs yeur, LIe compuny
Is LurgeLIng growLI In
boLI revenue und neL
prohL oI up Lo o percenL
compured wILI zo1.
n zo1z, LIe compuny
reporLed revenue oI $11
mIIIIon und neL prohL oI
$z mIIIIon, wIIIe In LIe
hrsL nIne monLIs oI zo1
IL reporLed revenue oI $;;
mIIIIon und neL prohL oI
$z mIIIIon.
. . - Gunkul
Engineering ._ ..
~ .....~.. .:~~:.
....~,.:.. _.,.:.~
.:~.:~... .:~~:.
....~ , .:.~ e _e .~ .~~
....:q,~~~ .:._
...~:~~. ~..q~,
..'.: , ..e.~:~
q .. ._. . . . :.q, . . :.
._~:. .q._.
e.~.~.._ ~.~-
~.q .~: ~:q ...~ . . . .
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.:.q,~~~ .e:-e:.
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~~' ...~ ...
_.,.:.. .....~...
.:~.:~ . . ..~ , .:..
.....:~~:. ,~~ .|~.
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. q, ..: . , .:.._~: . ~ _
Gunkul Dhumrongpiyawut
~ q, ~ , _ _.. . . ..:.~ .
.:q .. .. ~ ._.:_~:.. ._ .
~_. .,_._. .,...
~ . ..:~ ~:..... . , .~:.
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~~~ ~.~...q:.e.,
._~:. ~.~. ._.:_~:..
._.
. . . . ~:q .. ._. . . . ~ ~
..e~ ~..q~,..'.:
~~' ..e- ,~ q:..,.~:.
~ . ~ . qq . :.._ _e. _. . ~, q
._..:~~:. ~.....
qe . :.._ _e. ._~:. .q._ .
., .,. .| , ~ ~:_ e. .
Somboon Aueatchasai ~
~.~~.,_e e...~
.|~.~...._ .,...
~ . ..:~ ~:.....~ , ~ ._ .
..: q ~ . :.e e q ._~:. .
..:.._.:_~:..._.
~~' ...~ ~.~.
_.,.:.~ .:~.:~.
. ... . .~ . . .:~ ~:....
.~,.:.. .....:~~:.
~~ .|~.~ ~...:
. q, q_ q e :.._ . Gunkul
Myanmar Power .. : ~:.,
._ e...~, ..e~
~~ ~ ....:._
..,.~._. ~,_...
qee: ~ q:..,.~ qq
. :.eeq ._~:. .q._.
ThaiIand`s CunkuI Engineering pIans to invest more than $387 miIIion over the next two years to deveIop
wind power pIants in ThaiIand and gas-red power pIants in Myanmar.
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INVESTMENT & FINANCE
21
January 23-29, 2014
From page ...(Ayeyarwady Bank)
Myanmar Business Today
mmbiztoday.com
uIIowIng LIem Lo enguge In
hnuncIuI LrunsucLIons wILI US
InsLILuLIons. AII Iour bunks
remuIn on LIe SDN IIsL, wIIcI
uIIows LIe US governmenL Lo
respond quIckIy sIouId LIe My-
unmur governmenL bucksIIde
on reIorms.
Massi ve expansi on
planned
Ayeyurwudy Bunk, or Ayu
Bunk, Ius u IoL oI upcomIng
deveIopmenLs In zo1q, CoIIn
suId. Our Iocus Is Lo expund
us mucI us possIbIe und IuuncI
some new producLs und servIces
Lo enIunce cusLomer experI-
ence. T und LecInoIogy bused
ImprovemenL wIII be our muIn
Iocus.
He suId Ayeyurwudy Is
IookIng Lo expund ILs bruncI
numbers Lo 1oo by LIIs yeur Lo
muke LIe bunk`s servIces more
uccessIbIe.
However, Ie suId LIe bunk Is
duunLed by LIe InIrusLrucLuruI
cIuIIenges und Iumun resourc-
es sIorLuge. L`s Iurd Lo hnd
compeLenL peopIe Ior LIe new
bruncIes. TIere`s probIem wILI
eIecLrIcILy, LrunsporLuLIon, LeI-
ecommunIcuLIons und InLerneL.
SomeLImes you cun rIsk Iuv-
Ing bud cusLomer experIences
In some pIuces II you cun`L Luke
cure oI LIe InIrusLrucLuruI boL-
LIenecks. As u bunk we cunnoL
uord LIIs.
CurrenLIy, Ayu Bunk Ius over
;o ATMs und LIe bunk uIso
Ius pIuns Ior u mussIve ATM
neLwork expunsIon, CoIIn suId,
wILIouL provIdIng IurLIer
deLuIIs.
TIe bIg unveIIIng, Iowever,
Irom Ayeyurwudy`s purL Is go-
Ing Lo be LIe InLroducLIon oI u
compIeLe InLerneL bunkIng soIu-
LIon In Myunmur Ior LIe hrsL
LIme. Our IuuncI oI InLerneL
bunkIng wIII be u breukLIrougI
In Myunmur`s bunkIng secLor.
Now some bunks oer bIII puy
und oLIer smuII servIces vIu on-
IIne buL we ure goIng Lo provIde
IuIIy-edged InLerneL bunkIng
wIIcI Is noL uvuIIubIe |In Myun-
mur| rIgIL now.
Ayu Bunk uIms Lo uccompIIsI
LIuL LIrougI u unIque IeuLure
LIuL uIreudy exIsLs In LIe bunk -
Core BunkIng SysLem.
CORE banki ng system and
i nter net banki ng
Ayu wus LIe hrsL und yeL
LIe onIy bunk In Myunmur Lo
ImpIemenL u IuIIy cenLruIIsed
CORE BunkIng SysLem Ior uII
ILs bruncIes. n CORE BunkIng
SysLem, or cenLruIIsed onIIne
reuI-LIme eIecLronIc bunkIng, uII
LIe bruncIes oI u bunk uccess
uppIIcuLIons Irom cenLruIIsed
duLucenLers. TIIs meuns LIuL
LIe deposILs mude ure reecLed
ImmedIuLeIy on LIe bunk`s
servers und LIe cusLomer cun
wILIdruw LIe deposILed money
Irom uny oI LIe bunk`s bruncI-
es. OLIer bunks In Myunmur
use u dIsLrIbuLed core bunkIng
sysLem, wIere LIere ure severuI
duLubuses uround LIe counLry.
CoIIn suId core bunkIng Ius
u IoL oI seLbuck und u IoL oI
udvunLuges. You cun Luke
ouL money unywIere, you
cun LrunsIer money Irom one
cILy Lo unoLIer, und you cun
uIso LrunsIer money Lo oLIer
bunks. BuL, LIe druwbuck Is LIe
InIrusLrucLuruI probIems we
Iuce. TIe InIrusLrucLure Is noL
sLrong enougI Lo supporL LIe
neLwork - LIere ure IIne drops,
sIow und dIsrupLed connecLIon
und so on, Ie suId, uddIng LIuL
LIe bunk Iud Lo spend u IoL oI
money Lo LuckIe LIose probIems
usIng udvunced equIpmenL.
However, Ie LIInks LukIng
cure oI LIe probIem sIouId noL
be on LIe bunks` sIde. Every
bunk Is IucIng LIIs Issue. LIInk
LIuL`s wIy muny Iuven`L been
ubIe Lo properIy ImpIemenL core
bunkIng. L very mucI depends
on Iow LIe governmenL buIIds
up LIe InIrusLrucLure, CoIIn
suId, uddIng LIuL LIe enLry oI
Lwo LeIecom pIuyers - TeI-
enor und Ooredoo - wIII IeIp
Improve LIe communIcuLIon
InIrusLrucLure probIems.
CoIIn suId Ayu`s T depurLmenL
Is sLIII workIng on LIe InLerneL
bunkIng sysLem Lo Improve ILs
securILy IeuLures, und LukIng ILs
LIme so LIuL LIe soIuLIon meeLs
InLernuLIonuI sLundurd. We ure
sLIII In LIe LesLIng pIuse und no
hxed LIme Ior LIe IuuncI Ius
been seL. BuL we ure dehnILeIy
goIng Lo IuuncI IL by LIe end
oI LIIs yeur - IL mIgIL noL even
Luke LIuL Iong.
Payment networ ks
Ayeyurwudy Ius ugreemenLs
wILI mosL puymenL neLworks
LIuL operuLe In Myunmur.
L sLruck deuIs wILI VIsu In
December IusL yeur, MusLer-
Curd und CIInu UnIon Puy In
November, und wILI WesLern
UnIon In JuIy zo1.
TIe bunk uIso Ius remILLunce
servIce seL up wILI SIngupore`s
DBS Bunk. TIere ure pIuns Lo
expund Ayu`s remILLunce ser-
vIces Lo TIuIIund buL noLIIng
Iuve been seL ouL yeL. Ayu Ius
Iormed sLruLegIc uIIIunce wILI
some Jupunese bunks regurdIng
remILLunce, CoIIn suId.
Ayeyurwudy Is uIso pIunnIng
Lo IuuncI Lup und go ATM curds
In Myunmur, Ie suId. Tup und
go sysLem uses conLucLIess
ATMs LIuL uIIow cusLomers
Lo wILIdruw money |up Lo u
cerLuIn IImIL| wILIouL puLLIng u
curd InLo u cusI mucIIne. TIe
user swIpes LIeIr curd ucross u
mucIIne`s reuder und Lrunsuc-
LIon Is done usIng u LoucI-
screen und duLu enLry pud. TIe
new LecInoIogy Is beIIeved Lo be
u IusLer wuy Lo uccess cusI und
ubIe Lo reduce LIe IIkeIIIood oI
cusLomers IeuvIng LIeIr curds uL
mucIInes by mIsLuke.
Tr ust and r efor ms
CoIIn suId Myunmur`s LrudI-
LIonuI cusI-bused economy wIII
Luke some LIme Lo move Irom
one eru Lo unoLIer. TrusL Is
u LIIng LIuL you need Lo buIId
over LIme. undersLund LIuL
we Iud u hnuncIuI crIsIs und
u IoL oI peopIe IosL LIeIr IuILI
In bunks. BuL LIe eru Irom LIe
IusL LIme und now Is very mucI
dIerenL.
He suId LIe cenLruI bunk Ius
Luken u IoL oI meusures und Is
now sLundIng beIInd LIe bunks.
`m sure LIe hnuncIuI crIsIs wIII
noL Iuppen uguIn.
CoIIn suId LIere ure u IoL oI
pros und cons oI LIe breukneck
speed oI reIorms. OpenIng up
LIe counLry Is good buL LIuL
represenLs some rIsk us weII.
Myunmur wus un unknown
pIuce LIuL Lurned InLo LIe IoL-
LesL desLInuLIon In LIe worId.
Everybody Is comIng In, InvesL-
menLs ure pourIng In - IL`s uII
good. TIe rIsk Is wIeLIer we
wouId be ubIe Lo susLuIn LIese
reIorms.
CoIIn Is uppreIensIve ubouL
LIe enLry oI IoreIgn bunks In
Myunmur us Ie LIInks IocuI
bunks ure noL reudy Lo compeLe
In un open murkeL wILI InLer-
nuLIonuI bunks IuvIng yeurs
oI experLIse, beLLer LecInoIogy
und Iumun resources.
EILIer u IoreIgn bunk Is
wIoIIy owned or Iorms joInL
venLure wILI IocuI bunk, boLI
urrungemenLs Iuve LIeIr pros
und cons. Even II LIe wIoIIy
owned subsIdIurIes ure uIIowed,
we sIouId Iuve some conLroI
meusures so LIuL we don`L IurL
our IocuI bunks. End oI LIe
duy, LIIs Is our counLry, und we
need IocuI bunkIng IndusLry Lo
deveIop, Ie suId.
Futur e
CoIIn suId despILe LIe Lremen-
dous cIunges over LIe IusL Lwo
yeurs LIere ure sLIII quesLIon
murks uIeud In Lerms oI poIILI-
cuI rIsks, und LIuL zo1 wIII be
LIe LIppIng poInL.
I CenLruI Bunk oI Myunmur`s
hnuncIuI reIorms go uccordIng
Lo LIe pIun our bunkIng sLund-
urd sIouId be uL IeusL up Lo TIuI
sLundurd II noL InLernuLIonuI
sLundurd. We cun ucIIeve LIuL
In hve yeurs, CoIIn suId.
OpenIng up Is u IoL oI cIuI-
Ienge. We ure pIuyIng cuLcI
up und LryIng Lo do IL very IusL
wILI Iow cupucILy und Iumun
resources, und bud InIrusLruc-
Lure - LIe cIuIIenge Is quILe bIg.
PeopIe Iuve been wuILIng Ior o
yeurs, so LIey cun wuIL Ior Lwo
more.
From page ...(Ayeyarwady Bank)
A man waIks out after withdrawing cash from Ayeyarwady Bank in Yangon.
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. . . ~~ . ~ -. . . ._
~..q~,..'.: .,.. ,'
.,. ~.,~~.._. -q:~
~._ ~~, ...~._.
..e_e.~.~~.q. ~.~..:..:
q.,._~:. ..q..:~ .~.~
._.:_~:.._.
~,.~:~ ~:q.~..:q~
.,~:~.~: ~..~.:....
.:..:. e...:.e, .:....~
.~ ~_ ~ .. .~ qq e ~~ ~
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_._.. ~..,.~,..:..~~
~...:.e ._e..|~e.''
e...~ ~..:._. ~...|.
~~~ ~ .~.~e...:.q,
q_.,.:.._~:. ,.~ .~.~
._.:_~:..._. ...:._. ~._.
.~..:~~~.~..~.:.. .
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~..:.._.q.,...._.
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_.~,...~q:q~: ..e.|..
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~e.e,., ~~:,~~,..:.
~:.,_ ..~ .~ ~. q .,.|...~e .
.~.~ ~._..~..:~~~.~~
~ ~. . ~.,, ~.~. ....:
q~..~: ~..|~....: .:...
..~~~~ ~,..:...~:.,_.
~:...~q~~.|~e''
e.~.| -q:~~~. .~~
~..~..|. ~ .~:~ ~..:.
_. . . . ~e _., ._ .~~ ~. ~ , q~
.:.~._. ~...:.q,q._~:.
..q..: ~ ._.:_~:..._.
~.~..~.~.: ~~:,~
. ......:_.. ~. ~,..:
. ~...:..~ .~ .,_. _e. .|~e .
-q:~~ ~ ~.~: _., .:_._ . :
.q...~ _._.~ ~...~~:,~
~..,. ~,..:.~ .~.~
....:.|. ''
-q:~~~._ _.,.:.-
.. . . . . ~. . ~_ . ..:
-e_.~.,. Centralized
Core Banking System, ~
~.._..~q_.. ._._~. ..
. . ~ e . _ . .. . :.~:.
-e~.~~.~ .~:. ~.~~
.~.:....:..._..~:._e~_.:.
~ . . :. . . ~ _ . . . q ..
._ _e.._.
_.,.:_._~e..~q_ ~.~~
.~ . ~: . : . . : ~ ~. . _ .
.,_. ., .~ . ~. . -e . ~:. .
... ..:.,. ~ ~. . _ . .,._ .
~ . ~ .. :. ~ . ~e _. ~. _. ~
~._....~e~_.:.~~.,
._....~e.|~e. ~:.,_ ..,
...~:~.~ . e .q._.~ .~:~ .
.~._~: ~. .._.. .~q.,.|~e''
e ~:..:. ~ . :.. ~:.,_ .. ~
.:.~q._.._.
January 23-29, 2014
Myanmar Business Today
mmbiztoday.com
INVESTMENT & FINANCE
22
Banish Minister for BeveIopment Cooperation Rasmus HeIveg Petersen (I) and Banish Crown Princess Mary during their visit
to the UNFPA Youth BeveIopment Centre in Yangon.
enmurk Writes OH $g1m Myunmur ebt
Kyaw Min
D
enmurk cunceIIed My-
unmur`s debL worLI $1
mIIIIon IusL week In u
sLrIng oI debL cunceIIuLIon Irom
WesLern governmenLs und h-
nuncIuI InsLILuLIons over LIe IusL
Lwo yeurs, u sIgn oI normuIIsIng
reIuLIons beLween LIe WesL und
LIe once-bunIsIed SouLIeusL
AsIun counLry.
DurIng u vIsIL Lo Myunmur`s
cupILuI Nuy PyI Tuw, DunIsI
MInIsLer Ior DeveIopmenL
CooperuLIon Rusmus HeIveg
PeLersen und Inunce MInIsLer
U WIn SIeIn sIgned LIe ugree-
menL on cunceIIuLIon oI debL.
PeLersen und WIn SIeIn uIso
dIscussed on promoLIng bIIuLer-
uI cooperuLIon und InvesLmenL
beLween LIe Lwo counLrIes.
Denmurk Is sendIng un
ImporLunL messuge Lo LIe
Myunmur popuIuLIon - LIuL we
supporL LIe counLry`s posILIve
deveIopmenL, PeLersen suId,
reIerrIng Lo LIe LenLuLIve sLeps
Lowurd democrucy LIuL LIe
Myunmur regIme wus LukIng.
WIen we IorgIve debL, IL
opens up resources LIuL cun
be InvesLed In u popuIuLIon`s
IeuILI, scIooIs und rouds,
wIIcI LIey ure In desperuLe
need oI, PeLersen udded.
WILI LIe wrILe-o, Denmurk
Myanmar Summary
becume LIe second ScundInu-
vIun counLry uILer Norwuy Lo
IuIIy cunceI Myunmur`s debL.
AccordIng Lo LIe DunIsI or-
eIgn MInIsLry, LIe mujorILy oI
LIe IorgIven debL wus o-yeur-
oId governmenL Iouns LIuL were
used Lo hnunce LIe purcIuse oI
DunIsI-buIIL sIIps Ior hsIery
surveIIIunce.
TIe LImIng Is perIecL. My-
unmur sIouId no Ionger be
weIgIed down by oId debL wIIIe
LIey conLInue LIeIr puLI Lowurd
deveIopmenL und poIILIcuI re-
Iorms LIuL wIII benehL LIe poor
popuIuLIon, PeLersen LoId LIe
CopenIugen PosL.
TIe debL cunceIIuLIon uIso
does noL meun LIuL we Iuve
Iess money uvuIIubIe Lo sup-
porL Myunmur und oLIer poor
counLrIes.
Myunmur und Denmurk Iuve
been sLeppIng up cooperuLIon
In LIe recenL yeurs und ure pIun-
nIng Lo promoLe sucI cooperu-
LIon Lo u sLruLegIc one In zo1.
PresIdenL U TIeIn SeIn und
PeLersen`s LuIks durIng LIe
IuLLer`s vIsIL covered u runge oI
deveIopmenL Issues IncIudIng
InvesLmenL, IumunILurIun uId
Ior reIubIIILuLIon In rIoL-IIL
RukIIne sLuLe und LecInIcuI
ussIsLunce Lo Myunmur In ug-
rIcuILure und IIvesLock IurmIng
secLors.
HeIveg suId IIs Nuy PyI Tuw
vIsIL represenLs IIs counLry`s
supporL und encourugemenL Ior
Myunmur`s reIorm process.
n Junuury zo1z, Iormer Dun-
IsI MInIsLer Ior DeveIopmenL
CooperuLIon CIrIsLIun rIIs
BucI vIsILed Myunmur Lo boosL
engugemenL wILI LIe counLry.
DurIng BucI`s LrIp, Den-
murk und LIe UnILed NuLIons
CIIIdren`s und (UNCE)
reucIed un ugreemenL In Yun-
gon on provIdIng Myunmur un
InILIuI oI $q. mIIIIon Lo u new
MuILIDonor EducuLIon und
(MDE)-PIuse z projecL.
Denmurk Is uIso ucLIve In
IeIpIng Myunmur In LIe heIds
oI educuLIon, IeuILI und IIveII-
Iood, uII oI wIIcI Is supporLed
boLI LIrougI muILI-donor
Iunds und bIIuLeruI projecLs
wILI InLernuLIonuI und IocuI
purLners.
TIe DunIsI ussIsLunce Lo
Myunmur LoLuIs more LIun $1z
mIIIIon unnuuIIy.
Denmurk uIso opened ILs em-
bussy In Yungon In November
zo1z umId Myunmur`s rupId
poIILIcuI und economIc reIorm.
From page ;...(Coldcorp)
China Expands Mining Investment in Myanmar
C
IInu-bused SIcIuun
HengIu ndusLrIuI Co und
Myunmur`s Good PIus
SLur MInIng Co Iuve Iormed u
joInL venLure compuny Lo rehne
Ieud In KuIuw LownsIIp, Tuung-
gyI, SIun sLuLe.
TIe new compuny, GPS JoInL
VenLure, wus gIven LIe go uIeud
IusL week durIng u meeLIng oI
Myunmur nvesLmenL CommIs-
sIon (MC) IeId uL Nuy PyI Tuw
IusL week.
NorLI MInIng nvesLmenL
Compuny, unoLIer CIInese
mIner, uIso submILLed un In-
vesLmenL proposuI Lo MC Ior
copper mInIng uL MwuyLuung
PIurLuung In CIIn sLuLe, LIe
MInIsLry oI MInes suId.
MC requIres IoreIgn mInIng
compunIes Lo conducL EnvI-
ronmenLuI mpucL AssessmenL
(EA) und SocIuI mpucL Assess-
Shein Thu Aung menL (SA) surveys.
oreIgn InvesLmenL In mIn-
Ing secLor sLood uL ubouL $z.8
bIIIIon us oI November zo1,
omcIuI duLu sIows.
Myanmar Summary
~,~.~._..~ Sichuan
Henglu Industrial Co . _.,.:
.- Good Plus Star Mining Co
~ ._ ~~ .~ . . , .~. . ~ e ._ .
~_.:._.. ~..:_.,e~
. .~ ., . . .:.~ _.. . q, ~~ ~
_e.._~:. .q._.
~..|~.~.._e.._ GPS
J oint Venture ~:..,.._~.~
~ _ ., .: q .. ._ . . . . .~: .q .
.,_._.~:_ _......: .~.
.......~ ..,...:q~.~
...._.._e.._. .,:~. ~,~
.. .~~...,.~.._e.._
North Mining Investment ~.~
._ ._ . _., .: q .. ._. . . . .~: .q
. .._._ ,e ~ ._~., ~ ..e: . .:.~
_.. . q, ~~ ~ ~. _...:~ :..
.:.~ _....._~:. .~~.~,_~.
_:,. ._.:_~:..._.
.,..~. _.,.:.~..' ~q.,
._ ._~._. ~ ..e~:. .,.
._~.~~ .ee~....._~:.
.q._.
_.,.:.~.,_e _._.._.:...
.:.~ ~.~:~_.e:..:q~
.:._~.,.._ ~.,:~..
~..q.:.. _:.q.~e~._..:.
~ ~.:~~..:. ...._~_.. _., .:
.. .~..q.~._.~.,~.q.
~ _ ., ._ .: .:. _~._ .
. , ..~ - e _e .~ .~~ .q.. ...| .
..:q~.~,_~._e.. Rasmus
Helveg Petersen ._ _.,.:.-
_. .~: .,_._ .~: . .q:~ q.:. _. .
_:.q.~,_~. .~.q,. ._~._.
.:..e e~ .... ~ ..:~ .~ . ~
.q...._.
~_. Petersen . .~.q,
~ ._ . . . . ...| ...: q ~ .
~q , ~e , _. ~ .q.. q .. ._. . . .
~.q..:.~ ......._~._._.,.:
.- .~:..,..: e_e.~.~~
. ~~ ~ . , ..~ ~.,_e ~.:~ ~.
.:.....,._~:. Petersen ~ ._ .:
_ ~:..._.
e.~.,._ ~. ,~.|.~:..
_e._.. ._~._..e:..:.._~: _.,.:
. ~.,_e e _e .~ .~~ . .. .._~: .
~ ~.~~._e..q:._e...q,.
. .q._ . _ . ._ .: .. . .:.._ ~:
..q....|...:. ~~.~_.~qq
.:..q, ~ ._ . ._~._. .:.~ ~~:.
~..._e....._~:. Petersen
~ ._.:_~:..._.
Quebec q Malartic .q.~~.
~:. . . , ... .:q, ~~ ~
_~.....~..._e.._.
e.~......._ ~.,.|- .q
.~ ~ ..e: . . . , .~ ~. . . ~~ .
.. .. .. . , .~e e q, ~. .. . ..
~..._._e.._. .,.._ ~ .
~~. .q....,..:. q:..,.
~..._..._~: .~ ~ ...,.
.:. ~.,_ e .:. . : . ~ . q _ . .
~. ..q ~ .:.~ ..: ._e~ .~:~
q,. ..~,..:._ ..,...:
q ~ . .:.~ ~q , ..: . . .:.~
_.. . q, _e..:.._.
e. . . , .~e e . ~._.:~ . :..
.|~ Goldcorp - .q...:..~
~~ ..e.~:.~ q.:..._
_e. ._ .~.,.|..'.:~, e .. : . , .
._ ...~.,.._ ~,e.~...
._~~~ .~~...,..:.
~~~ ~._.~.,.~:.~.._e._..
,.~- ~,~.q~.:.~:. ~.,.|
..'.:. .~ . ~ q_. . .q .q: ..q.
.:.~ ~..q ~, ..'.:. qq ._~: .
.q._.
PeopIe gather around machines as they work at a jade mine in Pharkant township
in Myanmar`s Kachin state.
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INVESTMENT & FINANCE
23
January 23-29, 2014
Myanmar Summary
Myanmar Business Today
mmbiztoday.com
uwei SIZ Project on Truck: Chuirmun
M
yanmar Business
Today IusL week suL
down wILI CIuIupong
YukuLe, wIo Is LIe CIuIrmun oI
LIe Bourd oI DIrecLors oI DuweI
SEZ DeveIopmenL Co Ld, LIe
specIuI purpose veIIcIe (SPV) oI
LIe DuweI projecL. He Is uIso LIe
cIuIrmun oI Myunmur AdvIsory
Compuny Ld, und serves us u
SenIor AdvIsor Ior Myunmur
und ndocIInu oI ZCOIuw neL-
work bused In MuIuysIu.
SLurLIng Irom LIe nexL Issue,
Mr CIuIupong YukuLe wIII wrILe
u reguIur monLIIy coIumn LILIed
DoIng BusIness In Myunmur
in Myanmar Business Today
reIuLIng Lo busIness und Iuw In
Myunmur In generuI. Here Is un
excerpL oI IIs InLervIew.
How i s the Dawei pr oj ect
pr ogr essi ng?
We ure IIrIng InLernuLIonuI
consuILIng hrms Lo verIIy LIe
pusL InvesLmenL oI LIe prIvuLe
compuny wIo InvesLed In LIe
projecL up unLII LIe specIuI pur-
pose veIIcIe or SPV, wIIcI Is u
joInL venLure compuny oI LIe
TIuI und Myunmur governmenL
ugencIes, Look over LIe projecL
In November zo1. We wIII uIso
soon unnounce LIe bIddIngs Ior
LIe projecL munugemenL om ce
und LIe deveIopmenL oI LIe
InILIuI pIuse wIIcI Is consIsLed
oI uround zo percenL oI LIe en-
LIre projecL. TIen LIe openIng
oI LIe bIddIng Ior LIe vurIous
servIces sucI us engIneerIng, Ie-
guI, hnuncIuI und busIness con-
suILuncy wIII be IoIIowed. TIe
InLernuLIonuI bIddIngs Ior LIe
deveIopmenL oI LIe IuII pIuse oI
LIe enLIre projecL wILI LIe ureu
oI 1q6 squure kIIomeLers wIII be
unnounced someLIme In LIe rd
quurLer oI zo1q.
Has the poli ti cal si tuati on
i n Thai land adver sely af-
fected the Dawei pr oj ect?
No. TIe sIureIoIders ugree-
menL Lo seL up LIe SPV Iud been
sIgned. TIe cupILuI wus puId by
LIe purLIes und LIe members oI
LIe Bourd oI DIrecLors ure In
pIuce. AII Irumework oI LIe Lusks
wIIcI SPV wIII Iuve Lo do Ius
been ugreed und cIeurIy IndIcuL-
ed so LIuL LIe SPV jusL IoIIows
LIe Lusks under LIe Irumework.
n uddILIon, we Iuve receIved
LIe sLrong supporLs oI LIe
Myunmur mInIsLerIuI Leum Ied
by U Aye MyInL, unIon mInIsLer
Ior Iubour, U Hun SeIn, depuLy
mInIsLer Ior LrunsporL und Dr
Muung Muung TIeIn, depuLy
mInIsLer Ior hnunce. oreIgn
InvesLors Iuve expressed IIgI
InLeresLs Lo InvesL In LIe projecL.
How i s the Dawei pr oj ect
i mpor tant to Myanmar
and Thai land?
To Myunmur, undersLund
LIe DuweI projecL Is one oI LIe
LIree economIc engInes oI LIe
counLry. WIen LIe consLrucLIon
oI LIe DuweI projecL Is com-
pIeLed, LIe busIness ucLIvILIes
In LIe projecL wIII generuLe LIe
sIgnIhcunL hgures oI GDP, sume
us LIe EusLern Seubourd projecL
In TIuIIund wIere u Iew yeurs
ugo LIe munuIucLurIng und LIe
IndusLrIes generuLed 16 percenL
oI LIe GDP oI TIuIIund. TIe
DuweI projecL wIII uIso brIng
Iuge empIoymenL opporLunI-
LIes Ior LIe IocuIs und Improve
connecLIvILy umong LIe coun-
LrIes In LIe regIon. We Iowever
cunnoL overIook LIe Issues oI
envIronmenLuI proLecLIon und
LIe weIIure oI LIe IocuI peopIe.
To TIuIIund, LIe connecLIvILy
Lo LIe ndIun Oceun und umong
LIe counLrIes In LIe ndocIInu
RegIon und LIe new pIuces Ior
munuIucLurIng und IndusLrIes
wIII be LIe key.
Apar t fr om the Dawei
pr oj ect, do you have any
other busi ness acti vi ti es i n
Myanmar ?
My IrIends und Iud seL
up Myunmur BusIness AdvI-
sory Compuny Ld IusL yeur
Lo provIde busIness udvIsory
servIces Lo LIe IocuI und IoreIgn
InvesLors In Myunmur. WILI my
buckground In InIrusLrucLure
projecLs, projecL hnuncIng und
Insurunce In muny counLrIes
IncIudIng LIe UnILed SLuLes,
SIngupore und AusLruIIu, we ure
IeIpIng LIe cIIenLs wILI LIe pro-
jecLs In Myunmur. um uIso un
udvIsor Lo LIe DepuLy MInIsLer
Ior Inunce oI Myunmur Ior LIe
deveIopmenL oI LIe ruIes und
reguIuLIons Ior seLLIng up LIe
sLockmurkeL und LIe hnuncIuI
und Insurunce IndusLrIes In LIe
counLry.
Tell us a bi t of your pr ofes-
si onal backgr ound?
HuvIng sLudIed Iuw In TIuI-
Iund und LIe UnILed SLuLes,
um u IeguI prucLILIoner by
LruInIng und Iuve been In LIe
prIvuLe prucLIce Ior o yeurs In
mujor InLernuLIonuI Iuw hrms
In LIe UnILed SLuLes, TIuIIund,
SIngupore und AusLruIIu. re-
Lurned Lo TIuIIund In eurIy zo11
und my muIn ureus oI prucLIce
In LIe IusL 1o yeurs IncIude In-
IrusLrucLure projecL, Insurunce
und busIness ucquIsILIon. um u
regIsLered IoreIgn Iuwyer In LIe
SLuLe oI VIcLorIu, AusLruIIu.
Ar e you sti ll pr acti ci ng
law?
Iove LIe IeguI proIessIon.
um currenLIy u SenIor AdvIsor
Ior Myunmur und ndocIInu oI
ZCO Iuw neLwork. ZCOIuw Is u
weII-esLubIIsIed IuII servIce Iuw
hrm bused In KuuIu umpur,
MuIuysIu und Ius LIe om ces In
uII counLrIes In ASEAN excepL
In BruneI und LIe PIIIIppInes.
We uIso Iuve om ces In Sydney
und MeIbourne. We ure LruIy
LIe ASEAN Iuw hrm under-
sLundIng ASEAN cuILure und
wuy oI doIng busIness. Our
Yungon om ce Ius opened IuLe
IusL yeur und we Iuve greuL sup-
porLs Irom LIe uuLIorILIes und
LIe cIIenLs. Even LIougI LrIed
Lo seL my roIe us udvIsor, um
sLIII IeudIng u Leum oI Iuwyers
In IundIIng cIIenLs` muLLers In
LIe projecL hnuncIng deuIs In
AIrIcu und SouLI AsIu und uIso
In Myunmur.
We hear d you wer e also
seroing in the puhlic o ce
i n Thai land?
Yes, um currenLIy un AssIs-
LunL CIIeI PoIIcy AdvIsor Lo LIe
PrIme MInIsLer oI TIuIIund.
Ar e you new to Myanmar ?
No, 1 yeurs ugo cume Lo vIsIL
Yungon Lo Iook Ior busIness op-
porLunILIes In LIIs counLry. TIe
counLry Ius cIunged u IoL. How-
ever, `m mosLIy bused In Bung-
kok und MeIbourne, AusLruIIu.
Planni ng to move to
Myanmar ?
Very IIkeIy, us Iuve exceIIenL
IrIends und connecLIons Iere.
Iove LIe counLry und LIe peopIe.
One oI my Myunmur IrIends
even guve me u Myunmur nume
U Muung MyInL us Ie suId
wus born on TIursduy.
A sign showing the road Ieading to ThaiIand is seen near Bawei in southern Myanmar, cIose the site of a pIanned speciaI
economic zone and deep sea port.
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ChuIapong Yukate
.,.._~.~~ Myanmar
Business Today . Dawei SEZ
Development Co Ltd
-.|,~~:~~e. ~__e..
Chulapong Yukate..~...._.,.
.._. ~_. Chulapong
Yukate ._ Myanmar Advisory
Company Ltd - ~_._._e._..
_.,.:.. ~...,:. ZICOlaw
network ~~~ ~_~.~,.~_~...
~..~_e...:q~.,._.,..
.~...._.,..q:~ ..~,.~
q..._....._..~.~.~-
e.q..._.....:.~~~__...
.... q, ~~ ~ ~_._ _._ . q:
~~....,..:....:q~.,
._~: .. q._ . ._~:.~.,~~.
..~,....,..q., .. . . ~ , .~, .
~. e _e .~ .~~ . ..: q ~ .~ .:.
~ ._~_:. :.._ _ e. ._ ~: .._ .
._.:_~:..._.
..~,.-..~.._..~,.
~....- ~ q:..,.~q.,_..
~' .~q,.~..~: -qe:q._
..~,.~....~:.e_e.~.~~.q.
~~ ~ ~_._ _._ . q:. . , ..:.
~:. e~..'.~ ~~, ... ~~e
....~~:.~ ~_.,._~_:
. :. ._ e ._ . ._ .:_ ~:. . ._ .
...~q..q.~._.~.,
._~: :.~e..~,.~..'~.~
.q:~ . . :.q .:. ._ ~. ~ ~:.
..._.,.q:~,.~ .q.._~:..
SPV~:. ~_ .: q, ~~ ~
qee:q.:.~.,_e ..:~_
.~.~.q..._.._e.._~:.. .
. .. q ._ ~ q .. ._ . . . q, . :
._ . ~. ~.,~:. ~ q .,
._~:.._.:_~:..._.
~_. ~....:.~,_~._:,
_._.:.~,_~...~._. ...:
.q.~, _ ~ ._:, .~, _ ~ . .e, . ,
_:.q.~, _~ ._:, . ~, _~ ...|~ ~:
..: ..: . , .~ . ...: ._
~e . . .:._ ~.:~ ~. .~: ..:.
~ qq .,._ ~: .._ .._ .:_ ~:.. _ . .
. _.:.q .. ._. . . . .:.~.,_e ._ .
..~,.~..'~ .,.:.~~.:..
q.,._~:..~.~._.:_~:..._.
_ ., .:. . .. ~ ~~ ~
:.~e..~,.~.q..|.~:...._.,.
q:~ _., .:. ~~ ~ :.~e . . ~ , .
.:_.,.:....:..q.~...~
:.~e . . ~ , .. :~. . ~.|~~ _e._..
. . ~ , .~:.~_ ..:~ . _. .. .. :.
.|~ . .. :..q...: q ~ . .:.~.,_e
. -. . ..| ._ ._ ~ . ~ ~ ,
~~ ~ . :.. :~.:~ ~. _ e. .:
..._ _ e. ._ ~: .._ .:_ ~:.. ._ .
~_. ......|._._~.
~~,~ ~' q:..,.~
.|~.,._ Eastern Seaboard
..~,.~.. :.~e..~,..:
._ . .. ~~ ~ ~.q..|._
~.~~..~.._e..:._e,.~
._.:_~:..._.
January 23-29, 2014
Myanmar Business Today
mmbiztoday.com
24
PROPERTY & REAL ESTATE
YCC to Tuke Actions
Against Illegal Builders
T
Ie Yungon CILy DeveIop-
menL CommILLee (YCDC)
wIII Luke IeguI ucLIons
noL onIy uguInsL LIe owner buL
uIso uguInsL unyone InvoIved
In LIe consLrucLIon process oI
sucI deveIopmenLs IncIudIng
consLrucLIon workers, un YCDC
source suId.
CurrenLIy, LIere ure ubouL
1,zoo esLubIIsImenLs LIuL ure
beIng buIIL wILIouL YCDC`s per-
mIssIon In Yungon, und ucLIons
wIII be Luke In uccordunce Lo LIe
Iuw, Ie suId.
Even LIe consLrucLIon work-
ers wIII be hned, LIe source
suId requesLIng unonymILy.
usL yeur, LIe commILLee Look
IeguI ucLIons uguInsL over 1,1oo
sucI consLrucLIon projecL own-
ers In Yungon.
Phyu Thit Lwin
Hong Kong Constroction
Firm to Build Myanmar
Iuctory
H
ong Kong-based con-
sLrucLIon compuny
Yuu ee HoIdIngs Ld
Is pIunnIng Lo seL up u precusL
concreLe IucLory Ior Iow-cosL
IousIng projecLs, umId LIe
counLry`s IIgI demund Ior
IousIng.
TIe projecL wIII be u joInL
venLure beLween Yuu ee HoId-
Ings und LIe IocuI YouLI orce
Group.
TIe purLners ure In LIe pro-
cess oI hndIng u suILubIe Iocu-
LIon Ior LIe IucLory wIIcI wIII
probubIy be seL up wILIIn LIe
TIIIuwu specIuI economIc zone,
compuny omcIuIs suId.
Once u suILubIe IucLory sILe
Is Iound, LIe proposuI wIII be
submILLed Lo LIe MInIsLry oI
Con-sLrucLIon IoIIowed by LIe
Myunmur nvesLmenL CommIs-
sIon (MC).
TIe MInIsLry oI ConsLrucLIon
Is currenLIy buIIdIng u number
oI uordubIe IousIng projecLs
Aye Myat ucross Yungon wILI LIe LecI-
nIcuI ussIsLunce Irom YouLI
orce.
Yuu ee Is u Hong Kong-bused
pubIIc compuny wIIcI Is ucLIve
In murkeLs IIke Hong Kong, SIn-
gupore, LIe UAE und CIInu Ior
vurIous consLrucLIon projecLs.
L Ius dIversIhed InLo IoLeI
InvesLmenL us weII.
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Myanmar Summary
Myanmar Summary
A construction site in Yangon.
No Respite in Condo Murket ontil o1g
Y
angons soaring condo
prIces ure unIIkeIy Lo
ubuLe uL IeusL unLII zo1
us LIe suppIy Is Loo scunLy Lo
meeL LIe demund, reuI esLuLe
ugencIes und murkeL experLs
suId.
You cun udd up LIe number
oI condos LIuL ure In LIe pIpe-
IIne Ior LIe murkeL. Up Lo zo1,
LIere ure goIng Lo be ubouL zo
new condos wILI zoo Lo oo
unILs eucI, wIIcI gIve you onIy
6,ooo upurLmenLs. TIe number
mIgIL even be Iess us some con-
dos Iuve onIy 1oo or so upurL-
menLs. Even II LIe murkeL cun
suppIy 1o,ooo-zo,ooo condos
IL wIII noL Luke cure oI LIe sIorL-
uge, U TIun NuIng, munugIng
dIrecLor oI reuI esLuLe hrm SIwe
ZubudeIk, LoId Myanmar Busi-
ness Today.
don`L see LIe condo murkeL
comIng down uny soon. ReguIur
uLs, wIIcI ure noL reuIIy con-
dos, mIgIL see some respILe In
Lerms oI prIces, Ie udded.
AIso, In Lerms oI IoLeI rooms
Yungon Is bruced Ior InsuI-
hcIenL suppIy unLII zo1, wIIcI
wIII uIso IIke condo prIces, reuI
esLuLe murkeL sources suy.
Duw MoI MoI Aung, secre-
Lury oI ReuI EsLuLe ServIce As-
socIuLIon, suId: Muny InLernu-
LIonuI IoLeIs In Yungon used Lo
oer LIeIr rooms Ior renL In LIe
Phyu Thit Lwin pusL. BuL now LIey don`L. Some
compunIes Iuve sLurLed Lo renL
condos Lo use LIem us omces.
So, wIIIe LIe suIes oI condos ure
IIgI LIe condo renLuI murkeL Is
IoIIowIng LIe sume Lrend Loo.
CurrenLIy, u busIc condo unIL
IeLcIes ubouL K6o mIIIIon
($6o,ooo) und LIe per squure
IeeL prIce Is Kzoo,ooo ($zoo),
U TIun Oo, vIce cIuIrmun oI
Myunmur ReuI EsLuLe ServIce
AssocIuLIon, suId.
TIe presenL condo murkeL Is
noL uordubIe Ior LIe mIddIe-
cIuss. TIe condo murkeL wIII
keep rIsIng unLII LIere Is some
buIunce beLween suppIy und
demund, Ie suId. oreIgn
enLrepreneurs wIII be ubIe Lo
purcIuse condos onIy uILer LIe
condomInIum Iuw Ius been
enucLed, wIIcI Is sLIII under
dIscussIon uL LIe purIIumenL, U
TIun Oo udded.
TIe currenL buIIdIngs under
consLrucLIon ure mosLIy Lwo
upurLmenLs In one uL, or so
cuIIed 'YIn Kwe`. I u sIx-sLorey
buIIdIng Is consLrucLed IL cosLs
ubouL Kzo,ooo ($zo) per
squure IeeL. I LIe buIIdIng Is seL
up on zo,ooo squure IeeL oI pIoL
you ure IookIng uL consLrucLIon
expendILure oI ubouL Kqoo mII-
IIon ($qoo,ooo). ConsLrucLors
ure eyeIng condo busIness more
und more becuuse oI LIIs sIeer
prohLs murgIn.
n oLIer ASEAN counLrIes,
upurLmenLs cun be bougIL
LIrougI bunk Iouns. However,
due Lo IIgI InLeresL ruLes und
umpIe suppIy LIe reuI esLuLe
murkeL In LIe regIon Ius dIpped
recenLIy. Condo prIce In TIuI-
Iund cun vury Irom $oo,ooo Lo
$q mIIIIon, wIIIe In SIngupore
IL cun IeLcI up Lo $16 mIIIIon.
However, LIose condos come
IuIIy IurnIsIed und wILI muny
servIces und IucIIILIes IncIuded,
U TIun Oo suId.
Yungon Is seeIng u mussIve
surge in local and foreign
busInesspeopIe comIng InLo LIe
commercIuI Iub oI LIe counLry.
YouLIs Irom uII uround Myun-
mur uIso ure comIng In growIng
numbers eILIer Ior IIgIer edu-
cuLIon or Lo eurn exLru money.
U TIun Oo suId: TIe demund
Is onIy goIng Lo go up. see LIe
prIces cIImbIng Ior boLI suIes
und renLuI uL IeusL unLII zo1.
Myanmar Summary
q, ~ , _. ~ .q ~. , . ~. _.
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~..:~~~..|. ~~~ .~:.,
q.,_.. ~..|~..:~~~.:.~
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._..:e:.q..~:.~. ~_.,
:.._....:..~_ ..:q~
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.:. ~q.._.._~:. ~._.._.~,
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q, ~ , _. . : ~ ..:~ ~ , . ~ .~
...q~~.q~e. ~~ ....:
~.:~ ~....: ~.,...|
~.,. ~~ , ,~~ ~.. ~ .
~.,. '~~~ ~.~,_.e.
q~e. ~,.~:~.e:... ~~~
..:~ . q ~e .~., .~e _~ ..~ .
~ . .~: ~ , . . , e .. .~ ~ ~
..:~ . :..q:.q .. ~ , . ... ~
e:.~.: ..:~.:..e. ~~~~~
~~~~ ~.,..~ q..~: ...:~
....|.''e .q~...~.~..
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_._..~.q:~.:._ ...:..q.
..,.q.:.~.,_e~,..,e .
....'~.:..:.~~ee.q
q.__e.._~:. .q._.
.e: .~: ~._.. ~ ..:~ . . .q.
~.~_e.._ Yau Lee Holdings
Ltd ._ ~,e.,_.~.q:.:.~~~
precast concrete .~,~:. ~_
..:~.:.q, _...,._~:. .q
._. ~..|..~,.~:. Yau Lee
Holdings . _._~.. Youth
Force Group ~ ~~.~....|.
....:.:.._e ._. .q._.
~..| ..,. .~.,_e .~,
~_..:~.._..~:._.,q:
~ q:.e.,_.. ..~|~....:..q.
~ , . ~~ e _e .~ .~~ . .:.~ ..:
q ~ . :.e e q ._~: .. q._.
PeopIe at a swimming pooI inside a condo in Yangon.
F
ile
s
PROPERTY & REAL ESTATE
25
January 23-29, 2014
Myanmar Summary
Myanmar Summary
Myanmar Business Today
mmbiztoday.com
Shungri-Lu Residences
Debuts in Yangon
Luxurious homes with views of the Kandawgyi Lake and Shwedagon
Pagoda
H
ong Kong-based
SIungrI-u Ho-
LeIs und ResorLs
IuuncIed ILs Iuxury resI-
denLIuI projecL In Yungon
eyeIng Lo Lup corporuLe
LruveIIers pourIng InLo
LIe burgeonIng SouLIeusL
AsIun cILy.
SILuuLed In Yungon`s
prIme resIdenLIuI ureu on
1 ucres oI Iund, SIungrI-
u ResIdences ure mude
up oI zqo upurLmenLs
overIookIng KunduwgyI
uke und SIwedugon
Pugodu.
TIe upurLmenLs ure
Ioused In LwIn Lowers und
runge Irom Lwo-bedroom
unILs Lo Iour-bedroom
penLIouses wILI rooILop
Lerruces.
TIe upurLmenLs meus-
ure beLween 16 squure
meLres und zoq squure
meLres, wIIIe LIe penL-
Iouses ure LIe IurgesL
unILs wILI zq squure me-
Lres Lo qq squure meLres
oI spuce und unobsLrucLed
vIews oI LIe cILy Irom LIe
rooI Lerruce, LIe compuny
suId.
SIungrI-u suId LIe
resIdences oer LIe
brund`s sIgnuLure IeveI
of luxury and legendary
IospILuIILy.
SIungrI-u ResIdences,
Yungon Is u suncLuury
wILI exLensIve IIIesLyIe
servIces. As more cor-
poruLe LruveIIers seL up
Iomes In Yungon, IL Is u
nuLuruI progressIon Ior
SIungrI-u Lo provIde
resIdenLIuI IucIIILIes und Lo
Phyu Thit Lwin serve us un exLended Ium-
IIy Lo new members oI LIe
Yungon communILy, suId
PIIIIIp Couvurus, generuI
munuger oI SIungrI-u
ResIdences, Yungon.
TIe resIdenLIuI IucIII-
LIes IncIude u Iounge und
IuncLIon room, gourmeL
sIop, weII-equIpped gym-
nusIum, LennIs courLs,
swImmIng pooI und cov-
ered cur purk.
AII resIdenLIuI quurLers
ure buIIL-In wILI kILcIen,
Iuundry ureu wILI dryer,
buckyurd wILI u IIve-In
ureu Ior u domesLIc IeIp-
er, compIImenLury wI-h
und IIgI speed InLerneL
uccess, LIe compuny suId.
SIungrI-u HoLeIs und
ResorLs currenLIy owns
und munuges more LIun
8o IoLeIs under LIe
SIungrI-u brund wILI u
room InvenLory oI over
q,ooo. TIe group Ius u
subsLunLIuI deveIopmenL
pIpeIIne wILI upcomIng
projecLs In muInIund
CIInu, ndIu, MongoIIu,
Myunmur, PIIIIppInes,
QuLur, SrI unku und LIe
UnILed KIngdom.
Kandawgyi Iake View from Shangri-Ia Residences, Yangon.
S
h
a
n
g
r
i-
L
a
.e: .~: ~._.. ~ . . , .
_~._e. ._ Shangri-La ._
,.-~._.~.q:..~,.
~:. q,~,_.~ .~..
..:._.. .q..:..:. ..
.q:~ q .:._ _ ., .:.
~~~ ~.:~~~~.q.
._ ._ e. .:e e q ._ . ~.
.| ~._.~.q:..~,.._
~~e~~,. ~ -~~q_..
~.,...|. ,~ ~q..
~,.~:_~.. .q~q:.~
~ .~_..._ _.~.
._.q.,._~:. .q._.
~.q:.:.- ~.,..:.~.,
_e ~, .~q,..~:. ~
.~ q, .. ~:~ q _. . . .
~ ~ ., . .:. ._ ~_ ~ . ..
~.,..:._e._.. .~q,.
.~:. ,,, .~q,..~:~
~ e ~, ._ . . q, ~ , _. ~:.
~..'... .~:..,.:_..
.__e.._~:. .q._.
q,~,_.._ .~,..,q:
~.._e._.. ._.:..:..:.
~.,_e ._ . q, ~ , ~ .,
. . . .: . .: ._ . ~.
Shangri-La ~~~ ~.q:
~,..:..:.~...q, ~.
~.. .~. . _e. .:_.. q, ~ ,.
.,:~. ._.:..:..:.
.q:~ q ~._...:.q.~~ ~
._ .~ _ .:~ ~ .... :.
.__e.._~:. .q._.
~.q:.:.~ ,:..,.,..
. . , ...: q ~ . ._ ~., .
.|~ .. ~.:.~.:.:..q: ..
...._. ~e.~..q:.
~:.~.:., ~.,.~..:.
.q~ .~, . ~:.q. ,:.q:.,q:
.:.._ . .|~ ._~: . . q._ .
_. ..e..: ~.~~.:.
., . ._ .,:~ .e.e:
._.~ ~ . _., . , ._.
~ ~:,~ ~.q ._ ~, ..:
. .:.._..|~ ._~:. . q._ .
Shangri-La Hotels and
Resorts ._ e..~q~
Shangri-La ~.__e e~e
..|. ~ .~:~ ...,..,
._~:..q._.
Nomber oI Lrbun wellers to
Rise to gpc by o1g
Myanmars urban population doubles in 30 years
T
Ie number oI resI-
denLs In Myunmur`s
urbun ureu Ius
Increused by 1oo percenL
In ubouL o yeurs, Irom 8
mIIIIon In 1q8o Lo 16 mII-
IIon now, udvIser Lo LIe
Myunmur ConsLrucLIon
EnLrepreneurs AssocIu-
LIon (MCEA) HIu Muung
suId.
WILI LIe deveIopmenL
oI IndusLrIes und busI-
nesses In Myunmur,
LIe hgure Is expecLed Lo
Increuse every yeur, wILI
LIe urbun dweIIIng popu-
IuLIon IILLIng percenL
oI LIe LoLuI popuIuLIon In
zo1, LIe Iormer umbus-
Htet Aung sudor suId.
PeopIe IIvIng In urbun
ureus In Myunmur were
o percenL oI LIe LoLuI
popuIuLIon In zooo.
TIe LoLuI popuIuLIon
In urbun ureus wus 1.q
mIIIIon In zooo und LIuL
hgure Is expecLed Lo In-
creuse Lo z.68 mIIIIon In
zo1, U HIu Muung suId.
n zo1, q.;q mIIIIon
Iomes wIII be requIred
In order Lo provIde every
resIdenL u rooI In Myun-
mur. AbouL zo percenL
oI LIe IousIng wIII be
needed Ior LIe IocuI resI-
denLs. Myunmur needed
z.8q mIIIIon dweIIIngs In
zooo.
Some zo,ooo rooms
wIII be needed unnu-
uIIy In Yungon und onIy
;,ooo rooms Iuve been
consLrucLed. TIe uveruge
requIremenL oI LIe room
Is sLIII IncreusIng, un oI-
hcIuI Irom MCEA suId.
AccordIng Lo sLuLIsLIcs,
LIe popuIuLIon In Myun-
mur Is IncreusIng by z.z
percenL unnuuIIy. I LIe
popuIuLIon conLInues Lo
Increuse uL LIuL ruLe, LIe
LoLuI popuIuLIon wIII reucI
6;.6 mIIIIon by zo1.
TIe LoLuI popuIuLIon Is
expecLed Lo Increuse by
1;.z mIIIIon durIng LIe
hILeen-yeur perIod Irom
zooo Lo zo1, HIu Muung
suId.
A generaI view of the city is seen, with an iIIuminated SuIe Pagoda standing out from amongst the other
buiIdings, in centraI Yangon.
S
o
e

Z
e
y
a

T
u
n
/
R
e
u
t
e
r
s
_ ., .:. - _ . _ .. :.~
.,.~.q~~~.: ..
..|. ,~ ,..|.~~. ~~~
q:. . , .~ ~ .~~ .:. _. .
~~ ~ ...q .,..
e.~.| ~' .,.~q.:
._~:. Myanmar Construction
Entrepreneurs Association
(MCEA).~_~... ....:
~ ._.:_~:..._.
_ ., .:. ~ . . , .. :.
~.~~.:..~~ _._..:.
~ ., . ..q.:._ .
. . . ~ .~~ .:e e q ._ .
_. _..:.~ ., . ..q. :
~~ ...~ ....|...
.q- , q:..,.~q.:
...__e.._~:.._. e.
.~.~.e:.~..~ ._.:
_~:..._.
January 23-29, 2014
Myanmar Business Today
mmbiztoday.com
26
INTIRNATIONAL AN OMISTIC ILIGHT SCHILLI
Fliggh htss ffroom Yanggon (RGNN) to Bangkok ((BKK) Fliggh htss ffroom Banggkok (BKKK) to Yaangon (RGN)
Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by:
PG 706 1 2 3 4 5 6 7 RGN BKK 7:15 9:30 Bangkok Airways DD4230 1 2 3 4 5 6 7 DMK RGN 06:30 07:55 NOK Airlines
DD4231 1 2 3 4 5 6 7 RGN DMK 8:00 9:45 NOK Airlines 8M336 1 2 3 4 5 6 7 BKK RGN 6:40 7:25 MAI
FD2752 1 2 3 4 5 6 7 RGN DMK 8:30 10:15 Thai AirAsia FD2751 1 2 3 4 5 6 7 DMK RGN 7:15 8:00 Thai AirAsia
8M335 1 2 3 4 5 6 7 RGN BKK 8:40 10:25 MAI TG303 1 2 3 4 5 6 7 BKK RGN 8:00 8:45 Thai Airways
TG304 1 2 3 4 5 6 7 RGN BKK 9:50 11:45 Thai Airways PG701 1 2 3 4 5 6 7 BKK RGN 8:50 9:40 Bangkok Airways
PG702 1 2 3 4 5 6 7 RGN BKK 10:45 12:40 Bangkok Airways FD2755 1 2 3 4 5 6 7 DMK RGN 11:35 12:20 Thai AirAsia
Y5-237 1 2 3 4 5 6 7 RGN BKK 18:05 19:50 Golden Myanmar Airlines PG707 1 2 3 4 5 6 7 BKK RGN 13:40 14:30 Bangkok Airways
TG302 1 2 3 4 5 6 7 RGN BKK 14:45 16:40 Thai Airways Y5-238 1 2 3 4 5 6 7 BKK RGN 21:10 21:55 Golden Myanmar Airlines
PG703 1 2 3 4 5 6 7 RGN BKK 15:20 17:15 Bangkok Airways FD2753 1 2 3 4 5 6 7 DMK RGN 16:35 17:20 Thai AirAsia
8M331 1 2 3 4 5 6 7 RGN BKK 16:30 18:15 MAI PG703 1 2 3 4 5 6 7 BKK RGN 16:45 17:35 Bangkok Airways
FD2754 1 2 3 4 5 6 7 RGN DMK 17:50 19:35 Thai AirAsia TG305 1 2 3 4 5 6 7 BKK RGN 17:55 18:40 Thai Airways
PG704 1 2 3 4 5 6 7 RGN BKK 18:25 20:20 Bangkok Airways DD4238 1 2 3 4 5 6 7 BKK RGN 19:30 20:15 NOK Airlines
TG306 1 2 3 4 5 6 7 RGN BKK 19:40 21:35 Thai Airways 8M332 1 2 3 4 5 6 7 BKK RGN 19:20 20:05 MAI
DD4239 1 2 3 4 5 6 7 RGN DMK 21:00 22:45 NOK Airlines PG705 1 2 3 4 5 6 7 BKK RGN 20:00 21:15 Bangkok Airways
FFliggh htss ffroom m Yangoon (RGN)) to Chiaang Maii (CNX) FFliggh htss ffroom m Chiangg Mai (CCNX) to YYangon (RGN)
W9-9607 4 7 RGN CNX 14:50 16:20 Air Bagan W9-9608 4 7 CNX RGN 17:20 17:50 Air Bagan
Flligghtss ffroom Yanggon (RGNN) to Sinngapore (SIN) Flligghtss ffroom Singaapore (SIN) to Yangon ((RGN)
Y5-233 1 2 3 4 5 6 7 RGN SIN 10:10 14:40 Golden Myanmar Airlines Y5-234 1 2 3 4 5 6 7 SIN RGN 15:35 17:05 Golden Myanmar Airlines
MI509 1 6 RGN SIN 0:25 5;00 SilkAir SQ998 1 2 3 4 5 6 7 SIN RGN 7:55 9:20 Singapore Airline
8M231 1 2 3 4 5 6 7 RGN SIN 8:30 13:00 MAI 8M6231/3K585 1 3 4 5 6 SIN RGN 9:10 10:40 Jetstar Asia
SQ997 1 2 3 4 5 6 7 RGN SIN 10:25 14:45 Singapore Airline 8M232 1 2 3 4 5 6 7 SIN RGN 14:10 15:40 MAI
8M6232/3K586 1 3 4 5 6 RGN SIN 11:30 16:05 Jetstar Asia MI518 1 2 3 4 5 6 7 SIN RGN 14:20 15:45 SilkAir
8M233 5 6 7 RGN SIN 13:45 18:15 MAI 8M235 5 6 7 SIN RGN 19:15 20:45 MAI
TR2827 1 6 7 RGN SIN 15:10 19:35 TigerAir TR2826 1 6 7 SIN RGN 13:00 14:30 TigerAir
TR2827 2 3 4 5 RGN SIN 17:10 21:35 TigerAir TR2826 2 3 4 5 SIN RGN 15:00 16:30 TigerAir
MI517 1 2 3 4 5 6 7 RGN SIN 16:40 21:15 SilkAir MI520 5 7 SIN RGN 22:10 23:35 SilkAir
FFliightts frromm Yangonn (RGN) tto Kualaa Lumpuur (KUL) Fligghtts frro om m Kuala LLumpur (KUL)too Yangonn (RGN)
AK1427 1 2 3 4 5 6 7 RGN KUL 8:30 12:50 AirAsia AK1426 1 2 3 4 5 6 7 KUL RGN 6:55 8:00 AirAsia
8M501 1 2 3 4 5 6 7 RGN KUL 8:55 12:55 MAI MH740 1 2 3 4 5 6 7 KUL RGN 10:05 11:15 Malaysia Airlines
MH741 1 2 3 4 5 6 7 RGN KUL 12:15 16:30 Malaysia Airlines 8M502 1 2 3 4 5 6 7 KUL RGN 14:00 15:00 MAI
Fligghtts frrom Yanngon (RGGN) to HHanoi (HHAN) Fligghtts frrom Hannoi (HANN) to Yanngon (RRGN)
VN956 1 3 5 6 7 RGN HAN 19:10 21:30 Vietnam Airlines VN957 1 3 5 6 7 HAN RGN 16:35 18:10 Vietnam Airlines
Flliggh htss ffroom m Yangon (RGN) to Ho CChi Minhh (SGN) Flliggh htss ffroom m Ho Chii Minh (SSGN) to Yangonn (RGN)
VN942 2 4 7 RGN SGN 14:25 17:10 Vietnam Airlines VN943 2 4 7 SGN RGN 11:40 13:25 Vietnam Airlines
Flligghtss ffrom Yanngon (RGGN) to TTaipei (TTPE) Flligghtss ffrom Taipei (TPEE) to Yanngon (RGN)
CI7916 1 2 3 4 5 6 RGN TPE 10:50 16:10 China Airline CI7915 1 2 3 4 5 6 7 TPE RGN 7:15 10:05 China Airline
BR288 2 5 6 RGN TPE 11:35 17:20 EVA Air BR287 2 5 6 TPE RGN 7:30 10:35 EVA Air
Flliggh htss ffroom Yanggon (RGNN) to Kunming(KMG) Flliggh htss ffroom Kunmming(KMMG) to Yangon ((RGN)
CA906 2 3 4 6 7 RGN KMG 14:15 17:35 Air China CA905 2 3 4 6 7 KMG RGN 12:40 13:15 Air China
MU2032 1 2 3 4 5 6 7 RGN KMG 14:40 17:55 China Eastern MU2031 1 2 3 4 5 6 7 KMG RGN 13:30 14:00 China Eastern
MU2012 3 6 RGN KMG 12:20 18:10 China Eastern (via NNG) MU2011 3 6 KMG RGN 8:25 11:30 China Eastern (via NNG)
Flligghtss from Yanngon (RGGN) to BBeijing (BJS) Flligghtss from Beijjing (BJSS) to Yanngon (RRGN)
CA906 2 3 4 6 7 RGN BJS 14:15 21:55 Air China (via KMG) CA905 2 3 4 6 7 BJS RGN 8:05 13:15 Air China (via KMG)
Fliggh htss ffroom Yanggon (RGNN) to Naanning (NNG) Fliggh htss ffroom Nannning (NNNG) to Yaangon ((RGN)
Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by:
MU2012 3 6 RGN NNG 12:20 16:25 China Eastern MU2011 3 6 NNG RGN 10:15 11:30 China Eastern
FFliggh htss ffroom m Yangoon (RGN)) to Honng Kong (HKG) HHonng g KKo ong (HKG) Flights from Yaangon ((RGN)
KA251 1 2 4 6 RGN HKG 1:10 5:35 Dragon Air KA250 1 3 5 7 HKG RGN 21:50 23:45 Dragon Air
Flliggh htss ffroom m Yangon (RGN) to Guanng Zhouu (CAN) Flliggh htss ffroom m Guang Zhou (CCAN) to Yangonn (RGN)
8M711 2 4 7 RGN CAN 8:40 13:15 MAI CZ3055 3 6 CAN RGN 8:40 10:30 China Southern Airlines
CZ3056 3 6 RGN CAN 11:20 15:50 China Southern Airline 8M712 2 4 7 CAN RGN 14:15 15:45 MAI
CZ3056 1 5 RGN CAN 17:40 22:15 China Southern Airline CZ3055 1 5 CAN RGN 14:45 16:35 China Southern Airlines
FFlighhts ffroom Yanggon (RGN) to Koolkata (CCCU) FFlighhts ffroom Kolkkata (CCUU) to Yaangon (RRGN)
Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by:
AI228 5 RGN CCU 18:45 19:45 Air India AI227 1 5 CCU RGN 10:35 13:20 Air India
AI234 1 5 RGN CCU 13:40 16:55 Air India (via GAY) AI233 5 CCU RGN 13:30 18:00 Air India (via GAY)
Fliggh htss ffrom Yanngon (RGGN) to GGaya (GAAY) Fliggh htss ffrom Gayya (GAY) to Yanngon (RGGN)
8M 601 1 3 5 6 RGN GAY 10:30 11:50 MAI 8M 602 1 3 5 6 GAY RGN 12:50 16:00 MAI
AI234 1 5 RGN GAY 13:40 15:00 Air India AI233 5 GAY RGN 15:00 18:00 Air India
Fligghtts frrom Yanngon (RGGN) to TTokyo (NNRT) FFliightts frrom Tokkyo (NRTT) to Yaangon (RRGN)
NH914 1 3 6 RGN NRT 22:00 06:40+1 ALL NIPPON Airways NH913 1 3 6 NRT RGN 11:10 17:05 ALL NIPPON Airways
FFliggh htss ffrom Yanngon (RGGN) to SSeoul (ICCN) FFliggh htss ffrom Seooul (ICN)) to Yanngon (RGGN)
KE472 1 3 5 7 RGN ICN 0:05 8:00 Korean Air KE471 1 2 3 4 5 6 7 ICN RGN 18:40 22:55 Korean Air
OZ7463 4 7 RGN ICN 0:50 8:50 Asiana OZ4753 3 6 ICN RGN 19:30 23:40 Asiana
Flligghtss ffrom Yanngon (RGGN) to DDoha (DOOH) Flightts frrom Dohha (DOH) to Yangon (RRGN)
QR619 1 2 3 4 5 6 7 RGN DOH 8:00 11:45 Qatar Airways QR618 1 2 3 4 5 6 7 DOH RGN 21:05 06:29+1 Qatar Airways
Flliggh htss ffroom m Yangon (RGN) to Nay Pyi Taww (NYT) Flliggh htss ffroom m Nay Pyyi Taw (NNYT) to Yangonn (RGN)
Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by:
FMI-A1 1 2 3 4 5 RGN NYT 7:30 8:30 FMI Air Charter FMI-A2 1 2 3 4 5 NYT RGN 8:50 9:50 FMI Air Charter
FMI-B1 1 2 3 4 5 RGN NYT 11:30 12:30 FMI Air Charter FMI-B2 1 2 3 4 5 NYT RGN 13:00 14:00 FMI Air Charter
FMI-C1 1 2 3 4 5 RGN NYT 16:30 17:30 FMI Air Charter FMI-C2 1 2 3 4 5 NYT RGN 18:00 19:00 FMI Air Charter
FMI-A1 6 RGN NYT 8:00 9:00 FMI Air Charter FMI-A2 6 NYT RGN 10:00 11:00 FMI Air Charter
FMI-A1 7 RGN NYT 15:30 16:30 FMI Air Charter FMI-A2 7 NYT RGN 17:00 18:00 FMI Air Charter
FFliightts frrom Yangoon (RGN) to Manndalay ((MDY) FFliightts frrom Manddalay (MDDY) to YYangon (RGN)
Y5-234 1 2 3 4 5 6 7 RGN MDY 6:15 7:30 Golden Myanmar Airlines Y5-233 1 2 3 4 5 6 7 MDY RGN 8:10 9:25 Golden Myanmar Airlines
YH 909 2 4 6 7 RGN MDY 6:30 8:10 Yangon Airways YH 910 1 3 MDY RGN 7:40 10:30 Yangon Airways
YH 917 1 2 3 4 5 6 7 RGN MDY 6:10 8:30 Yangon Airways YH 918 1 2 3 4 6 7 MDY RGN 8:30 10:25 Yangon Airways
YH 727 1 5 RGN MDY 11:15 13:25 Yangon Airways YH 728 1 5 MDY RGN 9:10 11:05 Yangon Airways
YH 731 1 2 3 4 5 6 7 RGN MDY 15:00 17:10 Yangon Airways YH 732 1 2 3 4 5 6 MDY RGN 17:10 19:15 Yangon Airways
W9 501 1 2 3 4 RGN MDY 6:00 7:25 Air Bagan W9 502 1 2 3 4 MDY RGN 16:10 18:15 Air Bagan
K7 222 1 2 3 4 5 6 7 RGN MDY 6:30 8:40 Air KBZ K7 223 1 2 3 4 5 6 7 MDY RGN 9:00 11:05 Air KBZ
YJ 201 1 2 3 4 5 6 7 RGN MDY 11:30 12:55 Asian Wings YJ 202 1 2 3 4 5 6 7 MDY RGN 16:00 17:25 Asian Wings
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
IT & TELECOM
27
January 23-29, 2014
Myanmar Summary
Myanmar Business Today
mmbiztoday.com
Myanmars Stute-Owned Telecom Likely to
Take Japanese Partner
Jared Ferrie
J
upun`s KDD Corp und
SumILomo Corp ure IIkeIy
Lo purLner oI Myunmur`s
sLuLe-bucked LeIecommunI-
cuLIons operuLor Lo expund
servIces In one oI LIe worId`s
IeusL-connecLed counLrIes, u
SumILomo omcIuI suId.
SumILomo`s depuLy generuI
munuger In Myunmur, Soe Kyu,
LoId ReuLers LIe compunIes
were joInLIy InvILed InLo ex-
cIusIve LuIks ubouL becomIng
LIe InLernuLIonuI purLner oI
Myunmur PosLs und TeIecom-
munIcuLIons (MPT), sIurIng
ILs exIsLIng IIcence. No IurLIer
deLuIIs on LIe IIkeIy purLnersIIp
were reveuIed.
MPT Is currenLIy LIe counLry`s
soIe LeIecoms operuLor us weII
us LIe IndusLry`s reguIuLor. TIe
governmenL pIuns Lo creuLe u
new reguIuLor by zo1 und wIII
dIvesL u purL oI MPT buL wIII
reLuIn u mujorILy sLuke. TIuL
compuny, wILI u new nume,
wIII be one oI Iour IIcensed
operuLors.
SLuLe-bucked YuLunurpon,
prImurIIy un InLerneL servIce
provIder unLII now, uIso IoIds
u IIcence. Norwuy`s TeIenor und
QuLur`s Ooredoo won LIe IoLIy
conLesLed bIddIng Ior Lwo new
IIcences In June.
Soe Kyu noLed LIuL u purLner-
sIIp beLween SumILomo und
KDD Iud been sIorLIIsLed Ior
LIe Lwo InLernuLIonuI IIcences
uwurded In June. He udded
LIuL burrIng uny unIoreseen
cIrcumsLunces, LIe consorLIum
wouId InsLeud ugree u purLner-
sIIp wILI MPT wILIIn u coupIe
oI monLIs. TIIs LIme we ure
conhdenL, Ie suId.
A senIor MPT omcIuI LoId
ReuLers LIe governmenL Iud
been deIuyIng LIe hnuI upprovuI
of licences for Ooredoo and Tel-
enor us reguIuLIons were beIng
druwn up IoIIowIng LIe pussuge
oI u LeIecommunIcuLIons Iuw In
OcLober LIuL uIIowed IoreIgn
LeIecoms compunIes Lo operuLe
Ior LIe hrsL LIme.
TeIecommunIcuLIons were
LIgILIy conLroIIed under dec-
udes oI mIIILury dIcLuLorsIIp In
Myunmur, wILI LIe governmenL
monopoIIsIng LIe secLor und
seIIIng SM curds Ior LIousunds
oI doIIurs wIen LIey were InLro-
duced u decude-und-u-IuII ugo.
As u resuIL, Myunmur Iud LIe
IowesL mobIIe peneLruLIon ruLe
In LIe worId, wILI SwedIsI LeI-
ecoms gIunL ErIcsson suyIng In
zo1z LIuL Iess LIun q percenL oI
LIe counLry`s 6o mIIIIon peopIe
were connecLed.
SInce zo11, u quusI-cIvIIIun
governmenL Ius ImpIemenLed
sweepIng poIILIcuI und eco-
nomIc reIorms und Ius mude
LeIecommunIcuLIons u key purL
oI ILs pIun Lo jump-sLurL LIe
economy.
TIe governmenL Ius reIeused
more SM curds InLo LIe murkeL
In recenL monLIs, uILIougI
noL neurIy enougI Lo suLIsIy
demund und LIey sLIII seII Ior
ubouL $16o. MobIIe pIone
peneLruLIon Ius jumped Lo q
percenL, uccordIng Lo govern-
menL hgures.
Ooredoo`s Myunmur CEO,
Ross Cormuc, LoId ReuLers In
OcLober IIs compuny couId
roII ouL u neLwork und provIde
mobIIe pIone und duLu servIces
In Myunmur`s Iour bIggesL cILIes
wILIIn sIx monLIs oI geLLIng
hnuI upprovuI. Ooredoo wouId
reucI q; percenL oI LIe popuIu-
LIon wILIIn hve yeurs, Ie suId.
TIe operuLors wIII Iuve LIeIr
work cuL ouL Ior LIem In u coun-
Lry wILI IILLIe InIrusLrucLure
In ruruI ureus, severuI eLInIc
urmed groups conLroIIIng Iurge
swuLIes oI LerrILory, und wIere
Iund ownersIIp Is u compIIcuLed
und voIuLIIe Issue.
uw hrm VDB oI, wIIcI
represenLs Ooredoo, Ius urged
LIe governmenL Lo sImpIIIy LIe
process oI ucquIrIng Iund Lo
buIId Lowers necessury Lo ex-
Lend servIce ucross LIe counLry.
Cormuc LoId ReuLers LIuL
Ooredoo pIuns Lo sIure LIe
buIIdIng und use oI InIrusLruc-
Lure wILI TeIenor und MPT, or
one oI LIe Lwo. He suId subcon-
LrucLors wouId negoLIuLe wILI
eLInIc urmed groups Lo exLend
LIe neLwork InLo LerrILory under
LIeIr conLroI. Reuters
.,.- KDDI Corp .
Sumitomo Corp ~._ _.,.:
.- ...~.e.q..~:..q
~:_e. ._ _., .: .~ . e .q..
~~ .~ . ...| .__., .:. -~:.,_.
.~q.,...._ .~.e.q.~_
~ ~, ..: . .:.~ ~ .. ..: q ~
.:..._~:. Sumitomo . ~.
..:~..~ ._.:_~:..._.
~.~.:.~.,_e _.,.:.~.e
.q.. ~_._ _._ . q:~~ .~ . ...| .
..: q ~ .~_e. ..: q ~ .:. q,
...,.~.........:. _...q,
e ~ ..'_. .. q._~: . Sumitomo -
_., .:. q . ~ e~. . ., .,:
_e.. ..._~~ ,~~:.~._:,.
._.:_ ~:..._.
_., .: .~ . e .q.. : e. ~.| _., .:
.- .~.e.q.~_~ ~.~
.~: ..q~:~_e. ..: q ~ .,..
.~ . e .q.. . , .-_~ ._~. . ~. .
~ ._ . ~:~, e..: q ~ .,q._ .
~..q~.,_e ~~ ...~ .~
.e.q.~_~:. _~._~..~..~
~.._.,.__...q, ~.~.q.,
._.
....,._~._e...: q~,:.
~e . . . :._. e. ~. , ~ ~. ~
~ ~:,~ ~, ..: . .:~ . ...._
..,.~_e. q.~_.,.. ..
._.q .,._ ..,: .~.. - Telenor
. ~:~:- Ooredoo ~._._.
_.,.:.. .~.e.q....:.~
qq :.._ ~_._ _._ . q: .~: .
.q~:_~..:.._e.._.
A man waIks past a signboard of ]apan's second-biggest mobiIe phone operator KBBI Corp at its headquarters in Tokyo.
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January 23-29, 2014
Myanmar Business Today
mmbiztoday.com
28
IT & TELECOM
Myanmar Summary
Google to Acqoire Nest Ior $.b in Cush
Alexei Oreskovic
G
oogIe nc Look ILs bIg-
gesL sLep Lo go deeper
InLo consumers` Iomes,
unnouncIng u $.z bIIIIon deuI
Lo buy smurL LIermosLuL und
smoke uIurm-muker NesL ubs
nc, scoopIng up u promIsIng
IIne oI producLs und u prIzed de-
sIgn Leum Ied by LIe godIuLIer
oI LIe IPod.
NesL wIII conLInue Lo operuLe
us ILs own dIsLIncL brund uILer
LIe uII-cusI deuI cIoses, GoogIe
suId on IusL week.
TIe deuI Is LIe second Iurg-
esL In GoogIe`s IIsLory uILer
LIe $1z. bIIIIon ucquIsILIon oI
mobIIe pIone muker MoLoroIu
In zo1z.
NesL ubs uppeurs Lo be
Iocused on LIermosLuLs und
smoke uIurms, buL IL`s noL Iur-
IeLcIed Lo see GoogIe expund-
Ing LIIs LecInoIogy InLo oLIer
devIces over LIme, suId SIyum
PuLII, un unuIysL uL WedbusI.
Home uuLomuLIon Is one oI
LIe bIgger opporLunILIes wIen
you LuIk ubouL LIe InLerneL
oI everyLIIng und connecLIng
everyLIIng. TIIs ucquIsILIon
IurLIers LIeIr sLruLegy uround
LIuL, Ie suId.
NesL guIned u Iurge IoIIowIng
wILI ILs hrsL LIermosLuL - u
round, brusIed-meLuI devIce
wILI u convex gIuss screen
LIuL dIspIuys LemperuLure und
cIunges Iue Lo muLcI LIe coIour
oI LIe wuII IL uLLucIes Lo. L uIso
Lrucks usuge und empIoys LIuL
duLu Lo uuLomuLIcuIIy seL IeuL-
Ing und cooIIng LemperuLures.
WILI LIe ucquIsILIon, GoogIe
geLs Tony udeII, u weII-con-
necLed und weII-respecLed
SIIIcon VuIIey enLrepreneur
credILed wILI creuLIng AppIe
nc`s IconIc IPod musIc pIuyer,
uIong wILI co-Iounder MuLL
Rogers und u IosL oI LuIenLed
engIneers und desIgners.
GoogIe, LIe worId`s IurgesL
seurcI engIne, Is IncreusIngIy
expundIng InLo new murkeLs,
wILI eorLs rungIng Irom u
IIgI-speed InLerneL uccess busI-
ness Lo udvunced reseurcI on
seII-drIvIng curs und roboLIcs.
BuL wIIIe GoogIe`s engIneer-
Ing experLIse Ius generuLed mu-
jor udvunces In LecInoIogy, LIe
compuny Ius uL LImes sLruggIed
Lo creuLe Iurdwure producLs
LIuL resonuLe wILI consumers
us mucI us AppIe`s producLs do.
NesL Is comprIsed mosLIy
oI Iormer AppIe empIoyees,
including General Counsel
CIIp uLLon, wIo wus Ieuv-
IIy InvoIved In AppIe puLenLs
sLruLegy wIen LIe gudgeL muker
wus dueIIIng wILI GoogIe Ior
LIe sougIL-uILer NorLeI puLenL
porLIoIIo.
TIe consumer experIence oI
NesL`s producLs Is AppIe-IIke
und IL gIves GoogIe LIuL, suId
PuL MoorIeud, un unuIysL uL
Moor nsIgILs und SLruLegy.
WIuL GoogIe wunLs Lo do Is
be LIe buckbone Ior your Iome,
Iow you consume energy, Iow
you consume conLenL IIke musIc
LIrougI your enLIre Iouse,
suId MoorIeud.
PuIo AILo, CuIIIornIu-bused
NesL empIoyed ubouL z8o peo-
pIe us oI OcLober. Ls InvesLors
IncIude KIeIner PerkIns, IgIL-
speed VenLure PurLners, GoogIe
VenLures und SIusLu VenLures.
GoogIe CEO urry Puge
pruIsed NesL`s currenL producLs
und ILs Iounders` LuIenLs In u
sLuLemenL und suId LIuL GoogIe
wus excILed Lo brIng greuL
experIences Lo more Iomes In
more counLrIes und IuIhI LIeIr
dreums.
GoogIe suId LIe deuI Is ex-
pecLed Lo cIose In LIe nexL Iew
monLIs pendIng reguIuLory
upprovuI. Reuters
A
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Ooredoo Hosts Intrepreneorship Boot cump Ior
Myanmar Youths
Q
uLur`s Ooredoo, one oI
LIe Lwo LeIecoms IIcence
wInners In Myunmur,
IeId u booL cump IusL weekend
on busIness sLurL-ups und
enLrepreneursIIp.
TIe booL cump, IeId uL Oore-
doo`s corporuLe omce In My-
unmur CT Purk, wus uLLended
by Myunmur LecI sLurL-ups
und supporLed by experLs Irom
boLI IocuI und InLernuLIonuI
busInesses.
Ooredoo suId LIe evenL wus
uImed uL puvIng u wuy Ior young
enLrepreneurs Lo geL LogeLIer,
excIunge Ideus, Ieurn Irom IocuI
und InLernuLIonuI menLors und
Iounders und Improve LIeIr
sLurL up skIIIs.
Kyaw Min Ross Cormuck, CEO oI Oore-
doo Myunmur, suId: Young
peopIe uII uround LIe worId ure
umbILIous und wunL Lo ensure
LIuL LIeIr socIeLy becomes u
beLLer pIuce. We musL be boId
In hndIng new wuys Lo empower
LIe nexL generuLIon.
BeIng proucLIve Is noL
enougI - we musL IIsLen Lo
youLI, provIde LIem wILI LooIs
und guIdunce und purLner
wILI governmenLs und oLIer
reIevunL orgunIsuLIons In order
Lo deveIop LIeIr Ideus und muke
LIeIr dreums come Lrue.
Cormuck udded: We wIII
seek Lo cuILIvuLe und supporL
LIe growLI oI Myunmur LecI
sLurL-ups.
TIe evenL sLurLed wILI neL-
workIng und InLroducLIons
proceeded wILI worksIop ses-
sIons, semInurs und wILI Iunds
on exercIses.
SenIor execuLIves Irom u Ieud-
Ing gIobuI smurLpIone vendor, u
SIIIcon VuIIey LruInIng InsLILuLe
und Ieuders Irom regIonuI und
gIobuI sLurL up communILIes
guve presenLuLIons uL LIe cump.
TIe evenL uIso IncIuded cIosed
door puneI dIscussIon wIere
uudIence Iud u Q&A sessIon
wILI IndusLry veLeruns.
SInce beIng uwurded LIe
IIcence, Ooredoo Ius been ex-
LensIveIy IocusIng on buIIdIng
ILs brund vIu sponsorsIIp deuIs,
donuLIons und CSR (CorporuLe
SocIuI ResponsIbIIILy) ucLIvILIes,
wIIcI LIe compuny descrIbes us
esLubIIsIIng ILseII und IuyIng
LIe IounduLIon Ior ILs busIness
Lo become un InLegruI purL oI
LIe Myunmur communILy.
Ooredoo suId IL wIII oer u
wIde runge oI mobIIe commu-
nIcuLIons servIces beyond voIce
und duLu wIIcI wIII IncIude
mobIIe money servIces, IeuILI
servIces und servIces Lo supporL
Iurmers und ugrIcuILure.
Myanmar Summary
~.. ,_~qe:. ....~.~...
~qe:.:.~ ~..._e.._
Nest Labs Inc ~:. ~..q ~, ..'.:
,. .e_e ~ee._~.~:.
._~_:.~ .:.....:.- ~..
~.q:~ ~, ..: . ... . ._
Google Inc - .,:~.._....
~..._e.._.
e...:~_.~._ Google
-. ~ e~_ ~ .. .. . , .~e e .
~.._e._.. ~~ ...~ ..e,.
~..._e.._ Motorola ~:.
~..q~,..'.: ~. .e_e
~ee.._.Nest - ~.~~:,
. ~ ~ . . ._ ~ ~ , .:.. :
~. . , _ ~ q e:.:.. . .. .~.~
...~qe:.:._e...:._. Google
~.,_e e.,_.._:~:. .
~.._..~ ~_.:.~~,.:.~
~. ._ . .:. q, ._ . ..: . .
._~: . Wedbush . ....~..~
._.: _~:..._.
~.~._ .~.:..~~.._...:
.,:~.~.~....~:..:.q.,
._ ..,.~.._e._.. e...,.
~ee.~ ~.~....:.~~~
._. ~.:~~~~.._e..:.
._~:. .q._.
~.:~_~... ~~:,~.~.
~.~ ~.~ q:.e . . . , ._~ ._e.
..: Google ._ ...~~...:.
. ..,.~....:q~.~ ..
..:.:._.. _.,.,._.~~:,~
..,..:..._ self-driving ~:.
.:.. .~,..:.~:. ~~....
..~.,_.....:.~.| ..:q~
.:.._.
~:~:.- .~.e.q. .~:.
.q~:_~._e. _. . _., .:. . .~ . e
.q...~ qq:.._ ..,._~.
~. . _e. ..: Ooredoo ._ . , .
._~.~~ ...:..q...,..:.
~:. .~ ~_ .: . . ~ . .
.,.~..,..q: boot camp
~..~ _....._~:. .q._.
boot camp ~:. ICT Park q
Ooredoo - .~:.q~,.~ _....
_. ._e. _.. _., .:. . ,_.._:~_
_ ~.......:.,..:.. _._
~ ._._ .. ~. .~ . .:.._ . ~~
.q:~._~._~:. .q._.
e. ~. ~. ~:. . , .~ . . , .
q.e.:.~:. ...._~:...~.
q.~ e,~.....:.q, q_qe_
~.~ .~_. .:. ~_., ~. , e. e ~:
_._~.. _._.. ._....:..
~_.:..:..._. ...q_
.:.~ ...:.e.qq.:...
q, q_qe._~:. Ooredoo .
._.:_~:..._.
~. :~. ~, . q . e . :. ._
q_.,..~_~..:._.. ,.~-..
.~ ~, .~ ~:. . . .~: .. , .:
._ .,q:~. . _e. .:..q, ~~ ~
..:q~.._~:..q._.
AUTOMOBILE
29
January 23-29, 2014
Myanmar Summary
Myanmar Summary
Myanmar Business Today
mmbiztoday.com
GM Eyes Myanmar Expansion,
Export Boost
A
merIcun cur gIunL Gener-
uI MoLors Co (GM) pIuns
Lo expund ILs operuLIon
In Myunmur und boosL veIIcIe
exporLs Lo LIe SouLIeusL AsIun
counLry, ILs Lop om cIuIs suId.
TIe uuLomuker uIso uIms
Lo udd deuIers und Iocus on
sIorL- und Iong-Lerm cusLomer
servIce, wILI u gouI oI seIIIng
;,ooo unILs LIIs yeur, TIuI
medIu reporLs.
We need Lo grow und consoII-
duLe LIIs yeur. We need Lo work
more on LIe proIessIonuIIsuLIon
oI LIe deuIers, so LIuL LIey sLuy
wILI use Ior Iong und be purL oI
LIe CIevroIeL experIence, Gus-
Luvo CoIossI, vIce presIdenL oI
suIes, murkeLIng und uILersuIes
Ior GeneruI MoLors TIuIIund,
LoId LIe NuLIon.
TIe compuny uIms Lo InvesL
Lo Improve LIe deuIersIIp neL-
work, provIde u more compIeLe
Kyaw Min corporuLe Imuge Ior ILs deuIer-
sIIps und conducL LruInIng
sessIons.
GM Ius u powerLruIn pIunL In
TIuIIund, LIe key producLIon
Iub Ior LIe compuny`s TruI-
bIuzer und CoIorudo brunded
veIIcIes, wIIcI ure sIIpped Lo
over ;o counLrIes IncIudIng
AusLruIIu, und AIrIcun und
ASEAN counLrIes.
GM exporLs ubouL qq,ooo
unILs per yeur IncIudIng LIe
TruIIbIuzer und CoIorudo, wILI
LIe IuLLer comprIsIng 8o per-
cenL oI LIe voIume.
TIe compuny expecLs ILs ex-
porLs Lo Increuse us IL brIngs ILs
new brund SpIn Lo LIe murkeL.
GM`s PIIIIppIne suIes Iuve
reucIed oo unILs u monLI,
mukIng IL one oI LIe Lop 1o
brunds In LIe counLry. n uos
IL Ius Luken ubouL 1o percenL oI
LIe murkeL uILer sLurLIng operu-
LIons LIere IusL yeur.
Thui ec Aoto Sules rop q.qpc
Shein Thu Aung
T
IuIIund`s December uuLo
suIes IeII Lo 1o8,688 unILs,
u drop oI zq.q percenL
yeur on yeur, uccordIng Lo duLu
reIeused by LIe ederuLIon oI
TIuI ndusLrIes (T) IusL week.
AnnuuI domesLIc uuLo suIes
Iuve been decIInIng sInce Muy
zo1, IoIIowIng LIe IudIng eI-
IecL oI u governmenL hrsL-cur
subsIdy scIeme, wIIcI ended In
zo1z.
AccordIng Lo T`s duLu cur
suIes IeII ;.z percenL yeur
on yeur In November zo1,
;.; percenL In OcLober, z8.
percenL In SepLember und zz.6
percenL In AugusL.
n zo1, domesLIc uuLo suIes
IeII ;.; percenL Lo 1. mIIIIon
veIIcIes, LIe T suId.
TIuIIund Is LIe bIggesL cur
murkeL In SouLIeusL AsIu und u
regIonuI veIIcIe producLIon und
exporL buse Ior LIe worId`s Lop
cur munuIucLurers.
Yungon's Low-end Aoto
Market on The Rise

ow-prIced curs uL LIe

begInnIng oI zo1q ure
sIowIy recoverIng Irom
LIe recenL sIump In suIes, uuLo
Lruders suy.
However, murkeL Ior IIgI-end
cur brunds sucI us Prudo, Pujero
und SurI Is sLIII experIencIng
duII suIes.
ow-end veIIcIes IIke Probox,
ToyoLu, Hondu, VT und SuzukI
suw boosLed suIes us YungonILes
und purcIusers Irom dIsLrIcLs
uround LIe commercIuI Iub oI
Myunmur sLurLed buyIng more
curs, IoIIowIng u LIree monLI
dIp In suIes, U Kur SI Muung, un
uuLomobIIe deuIer suId.
Buyers Irom LIe cILy und uIso
neurby dIsLrIcLs eye Iow-cosL
domesLIc curs. TIey cun`L uord
IIgI-end curs und neurIy no
buyers ure comIng Lo buy LIose
modeIs. TIIs Ius been goIng on
Ior some LIme, Ie udded.
AnoLIer cur deuIer, U TIur
Aung, suId, n December, Yun-
gon`s domesLIc cur murkeL wus
very sIow. BuL now LIe murkeL
Is rIsIng uguIn.
We expecL LIe murkeL Lo rIse
ubouL o percenL more soon.
TIe beLLer LIe weuLIer geLs, LIe
more we geL buyers Irom LIe
neurby dIsLrIcLs. AuLomobIIe
Htet Aung deuIers Iope LIuL zo1q wIII be u
greuL yeur Ior uuLo suIes.
Myanmar Summary
.,...:.~:.~~. q,~,
_. ~ . . .~:....~ ~ ~ ~:.~.q: .
~~e .. .~ ~ ~ . .. ..: ._ .
.~q~.,~ ~...~,.~:..:.
~.q: .~~e _ ., ._ _ . ~~ .:
._~: . ~:..q: .~e .q.. ..:.~:
~ ._.:._.
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January 23-29, 2014
Myanmar Business Today
mmbiztoday.com
CLASSIFIEDS
30
SOCIAL SCENES
31
January 23-29, 2014
Myanmar Business Today
mmbiztoday.com
Htet Nu Nu Shein. Htet Aung Nan Sandar Hla Htun. Htet Aung Helen Myo Ko. Htet Aung
Pyay Ti Oo. Htet Aung Eain Dra Kyaw Zin. Htet Aung
Miss Now How 2014 in Yangon
Winners of Miss Now How 2014 pose for a photo. Htet Aung
Participants of Miss Now How 2014 pose for a photo. Htet Aung
Myanmar-Bangladesh 7
th
Joint Trade Commission Reception Event
at Bangladesh Embassy yangon
Anup Kumar Chakma, ambassador of Bangladesh to
Myanmar, gives a presentation for the JTC delegation.
Htet Aung
Delegates pose for a photo. Htet Aung
Delegates watch a presentation. Htet Aung
Delegates watch a presentation. Htet Aung
Guests watch a presentation. Htet Aung
Guests at the reception. Htet Aung
Seminar on Integrated Water Resource Management
Ministry of Transport delegates and
Australia-Myanmar Chamber of Com-
merce representatives at the seminar.
Kyaw Min
An Australia-Myanmar Chamber of
Commerce representative speaks at the
seminar. Kyaw Min
A delegate gives his speech. Kyaw Min
Delegates at the seminar. Kyaw Min
January 23-29, 2014
Myanmar Business Today
mmbiztoday.com
32
ENTERTAINMENT
Pandaw River Expeditions Floats New
Myanmar Riverboat
New ultra shallow draft ship for river recess into lost Burma
Phyu Thit Lwin
S
ingapore-based luxury
rIver cruIse hrm Punduw
CruIses PLe Ld Ius re-
cenLIy ouLed ILs new rIverbouL
RV KuIuw Punduw In Myunmur
IoIIowIng severuI InLernuLIonuI
Iuxury cruIsers` ruIIy InLo LIe
SouLIeusL AsIun counLry.
TIe sIIp wus ouLed ouL on
Junuury z, IoIIowIng severuI
monLIs oI consLrucLIon uL LIe
SInmuIIke sIIpyurd In Yungon.
TIe IuII und sLeeI work wus
compIeLed wILI mucIInery
InsLuIIed In LIree monLIs und
LIe ouLhLLIng wIII be compIeLed
by Muy, In LIme Ior depIoymenL
In JuIy LIIs yeur. TIe KuIuw`s
sIsLer sIIp, LIe KInduL Punduw,
wIII be IuuncIed Irom LIe sume
yurd In LIree weeks.
BoLI new rIver cruIsers wIII
be 6 meLres Iong und wIII
IeuLure zo cubIns. RV KuIuw
Punduw Ius Lwo decks wILI zo
deIuxe sLuLerooms, u cIoIce oI
Indoor or ouLdoor bIsLro-sLyIe
dInIng und oLIer LrudILIonuI
IeuLures. TIe sLuLerooms ure
1;o squure IeeL und hnIsIed In
Leuk und bruss.
TIey wIII uIso IeuLure u new
desIgn, wILI 8o cenLImeLres
druIL, LIuL uIIows LIem Lo sIL
Iess LIun one meLre under
LIe rIver`s surIuce, enubIIng
LIe bouLs Lo vIsIL sIuIIower,
Iess-uccessIbIe wuLers. TIIs
meuns LIe KuIuw Punduw wIII
be ubIe Lo expIore IurLIer up
Myunmur`s CIIndwIn und
rruwuddy rIvers LIun mosL
oLIer vesseIs.
As more und more rIver
cruIse sIIps ure unnounced,
muInIy Ior LIe now congesLed
Bugun Lo MunduIuy secLor,
Punduw ure muInLuInIng LIeIr
edge goIng IurLIer und deeper
InLo LIe reuI Burmu. As oLIer
sIIps geL bIgger und bIgger
Punduw sIIps geL smuIIer und
smuIIer, LIe compuny suId.
Punduw Is goIng buck Lo
Iow LIey sLurLed neurIy LwenLy
yeurs, oerIng reuI rIver recess,
uLLerIy pIoneerIng experIences
InLo ureus LIuL Iuve never seen
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LourIsLs beIore, IL udded.
Myunmur IusL yeur suw LIe
IurgesL number oI vIsILors ur-
rIvIng vIu cruIse sIIps InLo LIe
counLry In u decude, uccordIng
Lo LIe Myunmur PorL AuLIorILy
(MPA). rom Junuury Lo LIe
LIIrd week oI December,
sIx cruIse sIIps enLered LIe
counLry, und Lwo more sIIps
were supposed Lo urrIve In LIe
IusL week, curryIng more LIun
q,ooo LourIsLs.
Om cIuI hgures sIow u neurIy
eIgIL-IoId surge In LIe number
oI LourIsLs ubourd Iuxury cruIse
sIIps compured Lo zo1o, wIen
ubouL oo LourIsLs vIsILed LIe
counLry on sIx cruIse sIIps.
n zo11, ubouL ,oo LourIsLs
vIsILed on nIne cruIse sIIps,
wIIIe In zo1z, ,1oo LourIsLs -
mosLIy Irom Europe und LIe US
- cume wILI Len cruIse sIIps.
ncorporuLed In SIngupore,
Punduw CruIses Is un Inde-
pendenL, IumIIy-run busIness,
wIoIIy owned by LIe SLrucIun
IumIIy. PuuI und Roser
SLrucIun remuIn InvoIved In
ensurIng LIuL LIeIr sLundurds
ure rIgorousIy muInLuIned und
reguIurIy LruveI on LIe sIIps
LukIng u sLrong InLeresL In LIeIr
desIgn und sLyIe.
As u IumIIy busIness LIe
compuny Ius no IeverugIng
uL uII, und LIus runs on u very
soIId hnuncIuI IounduLIon.
PuuI Lukes cure oI LIe Punduw
CIurILy und u porLIon oI LIe
compuny`s prohLs goes InLo
muInLuInIng currenL educu-
LIonuI und medIcuI projecLs In
Myunmur.
TIe oId rruwuddy IoLIIIu
Compuny wus revIved In 1qq
by ScoLLIsI Burmu IIsLorIun
PuuI SLrucIun. Punduw wus
LIe hrsL sInce LIe Second
WorId Wur Lo oer cruIses on
Myunmur`s rruwuddy RIver,
reucIIng BIumo, one LIousund
mIIes Irom LIe seu, und wenL
on Lo be LIe hrsL on LIe CIInd-
wIn rIver.
TIe rruwuddy IoLIIIu
Compuny wus esLubIIsIed by
ScoLLIsI mercIunLs In 186.
By LIe 1qzos LIe compuny run
over 6o vesseIs on LIe rIvers
oI Myunmur, und becume LIe
IurgesL prIvuLeIy-owned eeL
oI sIIps In LIe worId. MuInIy
puddIe sLeumers, LIe IurgesL
cIuss oI vesseIs were o IeeL
Iong und IIcensed Ior q,ooo
pussengers. n 1qqz LIe eeL
In ILs enLIreLy wus scuppered
us un AcL oI DenIuI wIen LIe
Jupunese Invuded.
n 1qq8 PuuI SLrucIun dIs-
covered un orIgInuI CIyde-buIIL
sLeumer cuIIed LIe Punduw
und urrunged Ior ILs Ieuse und
resLoruLIon. TIus Punduw wus
born.
Punduw now Ius Len sIIps
wIIcI LIey buIIL LIemseIves.
EucI sIIp Is Iund hnIsIed In
bruss und Leuk by LrudILIonuI
cruILsmen. AII Punduws Iuve
uILru sIuIIow druILs und cun
LruveI Lo remoLe ureus, wIIcI
wouId be unreucIubIe by oLIer
vesseIs.
TIe KInduL Punduw und
KuIuw Punduw ure boLI
desIgned us repIIcus oI LIe
rruwuddy IoLIIIu Com-
puny sIIps oI LIe 1qzos. AII oI
Punduw`s sIIps ure buIIL new
und desIgned und hnIsIed us
repIIcus oI coIonIuI rIver sLeum-
ers. TIese smuII sIIps Iuve
LIe IIgIesL spuce Lo pussenger
ruLIo oI uny sIIps uouL.
n zoo, Punduw Look ILs
concepL Lo LIe Mekong RIver
In ndocIInu wIere In zo1z
IL Iud hve Punduws pIyIng
beLween SuIgon In VIeLnum
und Angkor WuL In CumbodIu.
n zooq, Punduw InuuguruLed
new cruIses on LIe Rujung In
Borneo und Gunges In ndIu.
AILIougI LIe compuny puIIed
ouL oI ndIu us u resuIL oI
operuLIonuI und suIeLy Issues.
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