Myanmar Business Today

mmbiztoday.com

November 5-11, 2015

MYANMARS FIRST BILINGUAL BUSINESS JOURNAL

mmbiztoday.com

Street Festivals Are Big Business,

%XW3URWVDUH7XUQLQJ7KLQ

Businesses Hesitant in
Prelude to Elections
Tourism, investment, legislation expected to resume in late November
Zayar Nyein

Morley J Weston

Tin Mg Oo

n the week surrounding the full moon festival of Thadinggyut,

neighborhoods
around
the country form night
markets with food stalls,
carnival rides and even
human-powered
ferris
wheels. In Yangon, these
have become a highstakes business for street
vendors, as well as a large
source of cash for township governments.

Behind the festive mood

of the event, the life and
struggle of people who
make a living selling food,
running carnival games
or building and powering
rides has gotten harder
in recent years as the cost
of materials, labour and
space has risen greatly.
Contd. P 9...
Myanmar Summary

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Contd. P 9...

November 5-11, 2015 | Vol 3, Issue 43

ncertainty regarding the national

elections on November 8 has caused many
business decisions to be
SXW R XQWLO ODWHU LQ WKH
year, members of the business community told Myanmar Business Today.
Dr Myo Thet, vice-chairman of UMFCCI said,
Everything depends on
the results of the election. If the country goes
forward and forms a new
government peacefully,
the country's economic
situation will be good.
Business leaders are hesitant to invest now, but can
make informed decisions
at that time. We cant predict the country's situation even a few weeks into
the future, as so many
things depend on the results of the election.
Many issues facing the
country will have to be resolved after the elections.
According to U Than
Soe, an economist and
political candidate, Myanmar's economy cannot
be separated from the

country's political situation. A lack of rules and

regulations in business
and the extremely high
land prices are barriers to
investment. The country's
economy largely depends
on how much we can improve these weaknesses.
US engagement with
Myanmar will be heavily
LQXHQFHGE\WKHQH[WIHZ
weeks. Assistant Secretary of State Daniel Russel was reported last week
by Reuters as saying, "It
is critically important
that all parties accept the
results of the polling. Our
ability to assist the new
Burmese government, let
alone to look at relaxation
of sanctions ... will depend
on our assessment of the
integrity of the overall
process. The conduct and
results of these elections
will fundamentally shape
our engagement with the
Burmese government in
2016 and beyond."

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u Myanmar Business Today
odkY ajymonf/
Contd. P 10...

Inside MBT

Geothermal Energy in Myanmar: Securing Electricity for

Eastern Border Development
P-6

Can Pearls Be Southern Myanmar's New Big Industry? P-11

Contd. P 10...
Myanmar Summary

a&G ; aumuf y G J t ajctaeud k

Health Care Spending on the

Rise in Myanmar
P-21

LOCAL BIZ

Myanmar Business Today

mmbiztoday.com

November 5-11, 2015

Business News in Brief

MYANMARS FIRST BILINGUAL BUSINESS JOURNAL

Board of Editors
Editor-in-Chief - Sherpa Hossainy
Email - editor@mmbiztoday.com
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Email - morleyjw@gmail.com
Ph - 09 258 561 739
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Email - linnkhant18@gmail.com
Ph - 09 40 157 9090
Regional & International Editor
Morley J Weston

Reporters & Contributors

Kyaw Min, Wai Linn Kyaw,
Tin Mg Oo, Aye Myat, Aung Phyo,
Zwe Wai, Phyo Thu, Zin Thu Tun, Zayar Nyein,
Morley J Weston, Thant Zin,
Moh Moh Kyi, Ei Thandar Tun

Design, Layout & Photography

Zarni Min Naing (Circle)
Email - zarni.circle@gmail.com
Wai Linn Kyaw
Ko Naing
Email - nzlinn.13@gmail.com

DTP
May Su Hlaing

Translator
Wai Linn Kyaw, Saw Hsa Gay Doh

Advertising
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Fax: 951-8603288 ext: 007

Myanmar imports palm oil to meet cooking demand

Myanmar imported 400,000 tons of palm oil annualO\WROOGHPDQGRIHGLEOHRLODVDQDOWHUQDWLYHDQRFLDO
report said on Sunday. The most common domestically
produced cooking oil is produced from peanuts and totals 500,000 tons per year, while edible oil consumption now exceeds 900,000 tons, the Edible Oil Dealers'
Association was quoted by Xinhua News Agency as saying. The association attributed the low edible oil production to a low number of peanut oil mills in operation
nationwide. Since 2011, Myanmar has granted private
companies licenses to import palm oil from Malaysia
and Indonesia in a bid to meet the demand.
Ooredoo Myanmar to receive IFC loan
Qatari telecom provider will receive a $150 million
loan from the International Finance Corporation (IFC),
the investment arm of the World Bank, to expand its
network infrastructure, the Gulf Times reported. Ooredoo currently operates 2,800 towers, and the company
claims that its network can cover 85 percent of populated areas.

Myanmar to receive attention from satellite

providers
3HQGLQJ UHFRQUPDWLRQ RI D QHZ EURDGFDVWLQJ ODZ
and further commitments to the development of Myanmars infrastructure, the global satellite industry will
hold a Myanmar Satellite Forum for the second year.
:LWKEURDGEDQGRHULQJDQRSSRUWXQLW\WRPDNHUDSLG
advances in social and economic development, Myanmar could develop as one of Asias fastest-growing markets. The Satellite Forum runs as part of Communicast
Myanmar 2015, held at the Myanmar Event Park in
Yangon on November 17 to 19.
India to prioritize commercial ties over security in border area
In a strategic shift, the government of India will prioritize commercial links over security concerns in the border areas in Indias northeast, unnamed government
RFLDOVWROGWKH,QGLDQQHZVSDSHU7KH$VVDP7ULEXQH
7KHRFLDOVVDLGWKDWSUHYLRXVO\WKH\KDGHPSKDVL]HG
only safety in the region, which has been torn by insurgencies. The Indian government is working towards the
development of a highway from India to Thailand as
part of their governments Look East policy.
Telecom tower boom is not over yet- report
The telecom tower market in Myanmar is projected
to witness fastest compound annual growth rate of over
28% between 2015-2020, according to a report titled,
Telecom Tower Market Forecast & Opportunities,
2020 Indonesia, Malaysia, Cambodia and Myanmar.

Indonesia remains the largest market in Southeast

Asia. Factors driving growth in Myanmar will include
JURZLQJVPDUWSKRQHSHQHWUDWLRQGHFOLQLQJWDULVDQG
the anticipated entry of a fourth telecom operator in the
market.
Caterpillar denies jade connection
Construction equipment manufacturer has stated
that they appropriately screened mining companies in
Myanmar before doing business,The Irrawaddy magazine reported. This comes in the face of allegations
that the company has been connected to sanctioned
jade mining companies. The report by watchdog group
Global Witness claimed that Caterpillars, local dealership is linked to a group of companies which appears to
be controlled by US-sanctioned narcotics kingpin Wei
Hsueh Kang.
AYA Bank gets IT upgrade
Myanmars Ayeyardwady Bank (AYA Bank) has contracted systems integrator NEX4 ICT Solutions to
RYHUKDXOWKHQDQFLDOVHUYLFHSURYLGHU
V,7LQIUDVWUXFture. From banking, trading to payment services, AYA
Banks employees across the country create and manage high amounts of data ranging from customer inforPDWLRQQDQFLDOUHFRUGVDQGPRUHGDLO\:LWKLQFUHDVing growth in business, AYA Bank needed the ability to
provision the necessary support to manage the rising
GDWDYROXPHVDWDFRVWHHFWLYHDQGHFLHQWPDQQHU
Myanmar Summary

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November 5-11, 2015

Myanmar Business Today

mmbiztoday.com

LOCAL BIZ

Myanmar Business Today

mmbiztoday.com

November 5-11, 2015

$OO7KDW*OLWWHUVLVQRW&KDRV
Gold Industry Attempts to Standardize Gold Market to Prepare for Export .

market will also be needed. Discussions have been

ongoing for months to update the Myanmar Mines
/DZ ZKLFK ZDV UVW HQacted in 1994.
The current law has
lost some relevance. The
regulations that regulate
KRZ QLVKHG SURGXFWV
are produced and how
raw resources are manage
are not included in that
law. We discussed this in
workshops and submitWHG RXU QGLQJ WKH PLQistries, said U Kyaw Win.
Yangon' gold shops currently run their businesses under the jurisdiction
of YCDC.

Zayar Nyein

he Myanmar Gold
Entrepreneurs Association is collaborating with government
ministries to create a central gold market in Myanmar.
We held a workshop to
discuss obstacles related
to selling Myanmar gold
in international markets.
Gold is still listed as restricted good, U Kyaw
Win, secretary of the Myanmar Gold Entrepreneurs Association told
Myanmar Business Today.
To create a central gold
market, the Ministry of
mines, Ministry of commerce, Department of
Internal Revenue, Myanmar Gold Entrepreneurs
Association, gold miners
and legal experts will cooperate and hold industry
workshops.
A massively updated
Myanmar Mines Law is
currently awaiting passage by parliament, after
which an organization to
operate the central gold

Quality Control
Although
Myanmar's
gold is high quality, modern technology is needed
WR SURGXFH TXDOLW\ Qished products.
In part due to technical
requirements to produce
QLVKHG SURGXFWV JROG
cannot be exported. Only
raw material can be produced locally, and higher
quality standards are
needed to sell Myanmar

gold in international markets, said U Win Kyaw.

U Tan Die, director of
Ministry of Mines, told
Myanmar Business Today, We need to change
some outdated regulations, and we also need to
clarify some penalties and
punishments which were
set years ago, U Tan Die
added.
In Myanmar's gold
market, there is currently no central source to
know where or how the
gold price is determined.
7KHUH DUH RIWHQ GLHUHQW
SULFHVLQGLHUHQWUHJLRQV
and states.
We need to set standard measurements for
gold. For instance, a dollar rate is set by central
bank, as opposed to Kyat
rates set in markets, and
the units of weight and
measurement used by
various businesses do not
match up, U Tan Die explained.
After standardizing the
weights and measures of
Myanmar gold, prices can
be calculated and compared with international

measurements, said U
Tan Die.
However, the debate
around the Mines Law
is undergoing, so central
gold market must continue wait for the government's nod of approval.
Myanmar Summary

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0\DQPDU2,QVWDQW
Zin Thu Tun

Zarni Min Naing

he Myanmar Coffee Producers and

Exporters Group is
planning to distribute inH[SHQVLYH SXUH FRHH WR

the teashops in a move to

move people away from
LQVWDQWFRHH
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shops serve powdered inVWDQW FRHH DQG FXVWRPHUVRIWHQFDQQRWQGSXUH

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much as K4,000. People
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they have to drink poor

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will change our business
strategy so that tea shops
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K500 per cup, said U
Min Hlaing, secretary of
0\DQPDU &RHH 3URGXFers and Exporters Group.
If they can distribute
and introduce pure coffee to tea shops cheaply,
WKH QXPEHU RI FRHH
drinkers should increase,
U Min Hlaing said, addLQJ WKDW ORFDO FRHH SURducers and exporters are
discussing more ideas to
SURPRWH GRPHVWLF FRHH
consumption.
There are about 10,000
DFUHV RI FRHH SODQWDtion in Myanmar which
produce 500 tons to 700
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exported to China.
There are many brands
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dominant share, including Shwepuzun, Shwey-

inmar, Lonestar, Pot Pot,

Arnandar, Rich, Shwe La
Won, and Premier.
Myanmar Summary

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November 5-11, 2015

Myanmar Business Today

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Myanmar Business Today

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November 5-11, 2015

*HRWKHUPDO(QHUJ\LQ0\DQPDU6HFXULQJ
(OHFWULFLW\IRU(DVWHUQ%RUGHU'HYHORSPHQW
David DuByne &
Hishamuddin Koh

Building Blocks
Rural and Livelihood
Development is a key
building block in the Central Governments national development plan,
which plans to position
the countrys agriculture
industry as the food basket of Asia within two
decades. These ambitious
plans will require tenacLW\ DQG D VWHDG\ RZ RI
investments to upgrade
machinery, seed stock,
fertilizer input, crop handling & storage methods,
refrigeration, secondary
processing & dehydrating.
The bio-village conceptualized by Hishamuddin
Koh envisions active participation by farmers in
villages with low income
and productivity. They
can be brought out of poverty if villages have sigQLFDQW DFUHDJHV RI ODQG
under crop or animal production for food or biofuels and access to reliable
electricity even at minimal levels for processing
bulk products higher up
the value chain.
The proposed project
PXVWEHFRVWHHFWLYHDQG
capable of promoting selfreliance among the farming community in the pilot village or subsequent
close proximity villages.
There must be a need for
agronomic and technical
inputs to enhance greater
productivity with a model
KDYLQJ D PXOWLSOLHU HHFW
for subsequent similar
development in other villages. Technical (including training) is also a
key component of selfreliability training to get
villages away from conWLQXDOO\ QHHGLQJ QDQFLDO
support due to poverty.
Current
development
plans or bio village concepts are meaningless
unless there is a reliable
power supply. So the next
question to be raised is:
How will geothermal
power stations and rural
livelihood development

Ministry of Electric Power

s the world has

seen over the last
15 years, solar panels and wind turbines for
grid scale power have limits due to the lack of continuous wind or sunlight.
These renewable energy
sources are great for developed economies with
24/7 electricity availability as an-add in electrical
source, but what about
Myanmar, which is only
just beginning to modernL]H DQ LQVXFLHQW SRZHU
grid from 1960s infrastructure?
Coal has a place in Myanmars future thermal
power generation plans,
but where delivery by rail
to remote destinations
which is economically impractical, for example in
the remote eastern border
with Thailand, electricity
for rural economic growth
needs to be re-thought.
Additionally, add in right
of way disputes along every meter from point A to
point B through rural areas
for power projects. Villagers are well aware of their
rights for land compensation and have severely
LQDWHG ODQG SULFHV LQ
which farmers are asking
as much as $50,000 per
acre to place line towers
above dirt track accessible
farmland.
&RDOHOGWKHUPDOSRZer plant development in
Kalawa, Lashio, Tigyit
and Eastern Shan areas
will connect major dry
zone population centers
and newly established
industrial zones along
the Irrawaddy River with
500kV Double Circuit
lines. However remote
eastern areas sharing a
border with Thailand will
need years until steady
electricity by way of grid
expansion reaches towns,
villages and factories.
Geothermal power production in Eastern Myanmar will localize electrical
production,
shortening
delivery distances reaching the end user, with
secondary
agricultural
processing uses speeding rural development.
Villages will experience
socio-economic improve-

ment of rural productivity and income as well as

enhancement of farmers
skills and capabilities in
adopting new technologies and managing bioresources.

7KH0LQLVWU\RI(OHFWULF3RZHUKDVLQWURGXFHGSODQVWRJUHDWO\LQFUHDVHK\GURHOHFWULFDQGJHRWKHUPDOSRZHUJHQHUDWLRQ
LQWHJUDWH DQG FREHQHW face discharges of 57C or deprived.
Myanmars
each other?
higher.
forwar- thinking Union
Surface exploration re- Government wanting to
Hot Water
vealed a total of 93 ther- stimulate economic de2015 Photius.com elec- PDO VSULQJV LGHQWLHG LQ velopment by addresstricity consumption per Kachin State, Shan State, ing this problem, issued
capita rankings put My- Kayah State, the southern a new draft of the Public
anmar at 109.3 kW and part of Rakhine State in Debt Management Law
USA at 12,185 kW. Myan- Kyaukphyu, central My- aimed at restating and
mar consumption is low, anmar, Shwebo-Monywa clarifying some of the exnot because citizens do area and especially in isting rules with respect
not want to use electric- Mon State and Tanintha- to Government loans,
ity, but because its simply yi Division. Drilling and bonds, borrowing & guarnot available.
WHVWLQJ RI FRQUPDWLRQ antees.
With roads leading to wells is the next step.
States and regions may
the newly constructed
REWDLQ IRUHLJQ QDQFgeothermal power plants, The Strong Dollar
ing, but only with union
agriculture transporters
Hot spring systems with government
approval.
can bring necessities to surface
temperatures In the same law, foreign
boost agricultural output near or greater than 50C banks will be able to isand transport processed have potential for Binary sue loans to State Owned
crops to market. In re- Cycle Power Plant Gen- Enterprises (SOEs) and
ality, if you cant move eration, with an estimated there are nine clauses depeople or crops you sure break even power cost of scribing when the Union
cant move income and 5.3-8.6 U.S cents/kWh or Government can obtain
the economy stagnates. in Myanmar Kyat 53-86K IRUHLJQQDQFLQJ
Geothermal Power will per kWh. This pegs a nonThe main drawback
provide upgraded trans- XFWXDWLQJ  . with these proposed
portation routes, steady which is a main concern changes is that along with
electricity along with ru- for power project funding. depreciation pressures,
ral & tourism developBetween June 2012 and in the current FX derivament.
October 2015, the Myan- tives market there are
There are at least 39 lo- mar Kyat depreciated by no currency forwards for
cations already marked approximately 35%, from long term foreign denomby the Myanmar Engi- 850 down to 1300 against inated loans on the Kyat
neering Society capable the US Dollar. Local busi- leaving only the option of
of geothermal power pro- nesses with foreign de- Political Risk Insurance
duction and some of these nominated loans from to cover currency losses,
hydrothermal reservoirs abroad suddenly found if at all.
lie quite close to Yangon themselves rushing for a
Currency volatility is
ZKLFK LV D VLJQLFDQW XQ- strategy to mitigate cur- clearly a risk. Hedging
derutilized resource. Pre- rency risks. Myanmars solutions backed by a
liminary
investigations current lack of available basket of currencies to
had been made on 43 currency hedging solu- PLWLJDWH ULVN DQG RVHW
locations in 1986 by My- tions presents a real chal- ORVVHVQRWHHFWLYHO\FRYanma Oil and Gas Enter- OHQJHIRUWKHVHUPV
ered by commercial marprise (MOGE). AdditionWith the IMF forecast- kets, should be included
ally in 1990 UNOCAL in ing Myanmars economic in Myanmars central risk
cooperation with (MOGE) growth at 8.25% in 2016, mitigation strategy by diconducted analysis of ge- demand for credit is in- versifying exposure over
othermal data from sam- creasing, yet, the bulk of a number of currencies
pling of 15 hot spring sur- SMEs remained credit worldwide.

In USD terms, unhedged loans using a

basket of emerging market currencies and major
trading partners currencies will minimize the
impact of an un-hedged
position when spread
through USD, THB, &
SGD for example. This
will allow the borrower at
disbursement to receive
funding denominated in
local currency and is a local currency loan liability.
$OO FDVK RZ PRYHPHQWV
are actually still done in
86'RVKRUH
This will minimize currency risk from Myanmar
borrowers and reduce
non-performing loans to
XQGHUIRUIRUHLJQUPV
DEOH WR IXQG DQG QDQFH
machinery and services.
This must be a core part
of any discussion involving machinery loans for
infrastructure build outs
countrywide, especially
on longer term projects
such as geothermal energy, ports and water treatment.
Contd. P 7...
Myanmar Summary

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Contd. P 7...

LOCAL BIZ

Myanmar Business Today

mmbiztoday.com

November 5-11, 2015

From page 6...

Keeping Up With
Demand
Direct heating applications can use much shallower wells with lower
temperatures, so smaller
systems with lower cost
and risk are feasible. Residential geothermal heat
pumps with a capacity of

Energy Information Administration

6LGH(HFWV0D\
Include Shrimp
An inclusive approach
bio-village based around
geothermal power will increase rural productivity
and income alleviation,
environmental protection
and improvement, as well
as capacity building of
farmers skills and knowledge through technology
transfer,
management
and maximizing the use
of rural Bio-resources. Its
success will provide impetus and impact in developing other villages. It
also addresses the crucial
issues of energy and food
crisis at the village level.
The 3As (availability, acFHVVLELOLW\ DQG DRUGDELOity) are crucial to increasing farmers income and
productivity.
Binary
Cycle
Geothermal Power Plants
use
more
common
hot
water
resources
(200300F/100-148C).
Hot water is passed
through a heat exchanger in conjunction with
a secondary (hence, biQDU\ SODQW XLG ZLWK D
lower boiling point (usually isobutene or isopenWDQH 6HFRQGDU\ XLG
vaporizes, pushing the
turbines, which drive
the generators. Enclosed
VHFRQGDU\ XLG LV VLPSO\
recycled through a heat
exchanger. Geothermal
XLG LV FRQGHQVHG DQG
returned to the reservoir.
Binary plants use a selfcontained cycle, nothing
is emitted.
Exhaust water from
power plants can be used
in greenhouse applications, heating water to
VSHHG WKH JURZWK RI VK
shrimp, drying process
heat for dehydrating agricultural crops and processing higher up the
value chain than a simple
bulk commodity. These
EHQHWV ZRXOG UHGXFH
farmers production costs
and speed rural development with other options
of Zero Waste utilizing all forms of biomass,
from crops waste to grass
and weeds and converting
these into energy sources.

(VWLPDWHG OHYHOHG FRVW RI QHZ HOHFWULF JHQHUDWLQJ WHFKQRORJLHV LQ

LQGROODUVSHUPHJDZDWWKRXU

10kW are routinely installed for around $1,000

SHU N: ZKLFK LV DRUGable for townships.
According to the Ministry of Electric Power
(MOEP), new capacity
must increase at 15% per
year to stay even with
forecast electrical consumption country wide.
$OVRIURP02(3VJXUHV
total combined electrical
generation from hydro,
natural gas and coal was
3,495 MW in 2012, but
by 2030 the maximum
demand will increase to
18,900 MW.
7KLV LV D YH IROG LQcrease in 18 years so the
obvious questions are:
How will the required
electricity demand for
economic development be
produced?
Which sources and options are available for
sovereign, state or muQLFLSDOLW\ WR IXQG DQG nance projects with forward hedging strategies
against Kyat devaluation
and repayment in foreign
currency?
Looking out to 2030
Geothermal is not mentioned in MOEPs installed capacity forecast
increases. The question is
why not?
Experts estimate older
equipment and infrastructure throughout Myanmar currently result in
about 40% of generated
power not reaching its ultimate destination due to
both technical and nontechnical losses. This is
the exact reason localized
power systems are needed
for regional areas which
will install fully functional
smaller kV transmission
lines.
Build out and ROI calculating levelized cost of
electricity are incredibly
important in Myanmars
emerging economy. Levelized cost of electricity
(LCOE) is a measure of
a power source which at-

WHPSWVWRFRPSDUHGLHUent methods of electricity

generation on a comparable basis. It is an economic assessment of the average total cost to build and
operate a power-generating asset over its lifetime,
divided by the total power
output of the asset over
that lifetime. LCOE is the
cost at which electricity
must be generated in order to break-even over the
lifetime of the project.
The Energy Information Administration (EIA)
2017 levelized costs put
Geothermal at $100/
MW hour, equivalent to

combined Cycle Thermal

Coal with Carbon Capture Storage. LCOE is for
power generation only; it
does not take into consideration rail lines for delivery of coal or associated
MRO costs and periphery
inputs in the fuel/coal
delivery system. GeotherPDOKDVVLJQLFDQWDGYDQtages in that it does not
require delivery of fuel.
There are two available geothermal power
solutions for Myanmars
power dilemma in rural
communities: Binary Cycle Power Plants of 50100MW and Small-Scale
Geothermal Power Plants
under 1MW. This means
DUHDVSHFLFQHHGVFDQEH
addressed and programs
GHVLJQHG WR W ELRYLOODJH
requirements in a variety
of circumstances allowing rural development to
take place. Its the best
of two worlds, clean nonpolluting power and constant electricity supply
which will preserve the
landscape for tourism and
boost farming community
incomes.
This is what Myanmar
needs to insure it stays
a jewel of nature in our

modern world, protected

environment but at the
same time provides opportunities and potential
for accelerated economic
growth, by addressing the
crucial issues of energy
and food crisis at the village level for localized rural development.
David DuByne is the
Myanmar contact for
U.S. Exim Advisors, a Direct Lender for the U.S.
EX-IM Bank with Private Market for Medium
Term Loans and Trade
Credit Insurance. He can
be reached at ddubyne@
useximadvisors.com
Hishamuddin Koh has
over 25 years of experience in agriculture & rural development and is
Executive Chairman of
Hisham Koh and Associates and the Myanmar
Plantation Management
& Advisory Co (MPMAC)
along with Myanmar
Food Technology. He can
be reached at kohisham@
gmail.com. Views and
opinions expressed in this
article are the authors
RZQDQGGRQWUHHFW0\anmar Business Todays
editorial opinion.

From page 6...

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LOCAL BIZ

Myanmar Business Today

mmbiztoday.com

November 5-11, 2015

:LWKWKH(QGRI5DLQ\6HDVRQ
7UXFNHUV'XHWR6DYH&DVK
Zin Thu Tun

Myanmar Summary

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tm; aEGumvwefcsdefajymif;vJ
owfrSwfjcif;udk 0ifdk; ig;ck? (lift
Axle) yg 14 bD; ukefwif,mOf
BuD;rsm;udk 30 wefrS 31 wef?
0ifdk; av;ckyg 14 bD; ukef

Zarni Min Naing

he permitted tonnage for cargo

trucks has been
increased nationwide in
accordance with seasonal
variations, according to
the ministry of construction.
According
to
the
change, which took affect in October, 5-axle 14
wheeled trucks have had
their permitted maximum
increased from 30 tons
to 31 tons, and 4-axle 14
wheeled trucks have been
increased from 33 tons to
34 tons.
5-axle and 18 wheelers
have gone from 41 tons to
46 tons, and six axles and
22 wheeled trucks gone
from 48 tons to 50.5 tons.
These increases occur
seasonally, as roads are
more easily damaged during the rainy season.
It is usual to increase
tonnage after the rainy
season. Although more
tons have permitted to
carry, the fees of the
freight services wont
change, said U Hla Oo,
chairman of Highway

Freight Transportation
Service Association.
To transport freight,
truckers should only carry the permitted tonnage
and trucking companies
should make sure that the
driver follows the rules,
he added.
The Ministry of construction announced that
trucks who carry more
than the permitted tonQDJHZLOOEHQHGIRUWKHLU
infractions. Freight transSRUW WUDF LV KHDYLHVW
along the Muse-Mandalay
route and Mandalay-Yangon route.

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xm;onf/ ukefpnfr sm;udk 2010

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vsuf&SdaMumif; od&onf/

2QLRQ%X\HUV:HHSRYHU5LVLQJ3ULFHV
Zin Thu Tun

Zin Thu Tun

he price of onions
rose by K500 per
viss (1.6 kilograms)
in October due to increased exporting to regional countries and lack
of stock on the local market.

Onions retailers discussed the import of onions from other countries

in order to control prices.
Then they decided not
to import onions because
onions will be harvested
in November, said U Khin
Han, vice chairman of onions retailer association

from Bayin Naung wholesale center.

This is due to market
demand and also the low
onion stock on the market. We wont import
onions for this reason.
The onions will appear
next month, said U Khin
Han. Currently, onions

sell for between K1,700 to

K1,900 per viss.
Some merchants have
VWRUHG RQLRQV DQG LQXenced the rise in price,
but the price will soon
come down, U Myint Cho,
director of the onion trade
promotion department,
told Myanmar Business
Today.
About 25 trucks of onions enter Bayin Naung
wholesales center daily
from Myingyan, Taungtha, Pyaw Bwe, Pakoku
townships.
Onions are exported
mainly to India and Bangladesh through border
trade.
)URPWKHVWDUWRIWKLVVcal year to October 2, vegetable exports as a whole
have earned $27 million,
$7 million less than the
same period last year,
according to Ministry of
Commerce statistics.
Myanmar Summary

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ukefpnf'dkif 'kOu| OD;cif[efu
Myanmar Business Today

odkY ajymonf/
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OD;jrifhcsKu
d Myanmar Business
Today odkY ajymonf/
bk&ifhaemifukefpnf'dkifodkY wpf
&ufvQif MuufoGefeDum;tpD;a&
25 pD;cefY qdyfjzL? jrif;NcH?
awmifom? aysmfbG,f? yckuL
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tenf;i,fjrifhwufvmaMumif;
aps;uGut
f wGif;rS pHpk rf;od&S&d onf/

LOCAL BIZ

Myanmar Business Today

mmbiztoday.com

November 5-11, 2015

From page 1...

Zarni Min Naing

We are not making a

JUHDW GHDO RI SURW DQ\PRUH UVWO\ EHFDXVH WKH
commodity prices are on
the rise. If we can make
sales worth K400,000
per night, we will only get
. LQ SURW IURP
it, the new have to pay
workers and rent the stall,
which costs us K25,000
per night for a small
space, said Ma Mya Zu
from Maung Naing Snack
Stall.
We have to inform the
administrator one week
beforehand. We have to
pay K70,000 per day to
the government for our
space to to sell goods, and
we have more than doubled our prices to earn
DQ\VRUWRISURW7KHHOHFtricity fee and workers fee
is high in now, said U
Khin Maung Oo, owner of
another snack shop.
Paperwork has also gotten more extensive. U Lay
Myint, an administrator of Botahtaung's 10th
ward said vendors need to
submit a proposal to get
permission for the night
IHVWLYDO PDUNHW 7KLV UVW
gets approved by police,

then a township municipal committee, then the

township board of electricity, and another committee of township police.
It is hard to get permission to run business here.
We only have this chance
to run our business here
because we run our busi-

3ROLFH:DUQ3HGHVWULDQV
to Use Flyovers
Ei Thandar Tun

eople who do not use pedestrian bridges when

available will be punished under the new auWRPRELOH ODZ VDLG DQG RFLDO IURP WKH 7UDF
5XOHV'LVFLSOLQDU\&RPPLWWHHRIWKH1R7UDF3ROLFH)RUFH2FH$OWKRXJKWKHJRYHUQPHQWLVSURYLGLQJ
overbridges for the safety of public, few people are using overbridge to cross road.
:H DUH EXLOGLQJ WKHVH \RYHUV IRU WKH VDIHW\ RI SHdestrians. People still not using them to cross the road.
Accidents happen while crossing the roads. Thats why
we will penalize people who continue to cross roads
haphazardly, said Police Major U Win Lwin from the
1R7UDF3ROLFH)RUFH2FH
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rules and to decrease accidents.
7KHUHDUHSHGHVWULDQ\RYHUVLQ<DQJRQFXUUHQWO\
and YCDC said they will build more for public use in the
near future.
Myanmar Summary

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ausmw
f w
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dS nf/,cifu
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f w
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udt
k a&;,l&mwGi'f PfaiGwpfaxmifih g;&mjzifo
h mta&;,laqmif&u
G v
f suf&Sd
NyD;,cktcg'PfaiGusyfoHk;aomif;txdta&;,loGm;rnfjzpfonf/

ness every year in here.

There are so many people who want to do this
business, said Daw Kyin
May, owner of Yadanar
Myint Ferris Wheel, who
said they have to give K4
million to festival administration committee to
participate in the festival.

For these businesses, it

is still worth the investment of time and money,
but after the rides are
taken down and the fry
oil cools, many will move
onto the next fair with
less in their pockets than
before.

From page 1...

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LOCAL BIZ

10

Myanmar Business Today

mmbiztoday.com

November 5-11, 2015

0\DQPDU%DPERR3URGXFWV1HHG
,PSURYHPHQW$VVRFLDWLRQ6HFUHWDU\
Ei Thandar Tun

large market share in international markets due

to low quality and lack of
modern techniques.
Dr Myint Sein, chairman of Myanmar Bamboo Producer and Exporter Group, said Our

Zarni Min Naing

ocal products made

from bamboo are
not high quality, so
local bamboo businessmen must participate in
foreign trade fairs to gain

knowledge and technology to produce better

quality products, said the
chairman of the Myanmar
Bamboo Producer and
Exporter Group.
Myanmar
bamboo
products doesnt have a

From page 1...

From page 1...

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onf/

Raw bamboo is also exported to Pakistan, India,

Korea, Singapore and
Bangladesh. One length
of bamboo can sell for 50
to 70 cents.
Myanmar Summary

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Zarni Min Naing

Tourism has slowed, but

is expected to pick up immediately after the elections.
Normally from October
to March is the travel season for foreign tourists to
Myanmar. However, tourist numbers of October
were very low, as many
tourists booked trips after
the elections.
U Aung Myat Kyaw, former of chairman of the
tourism federation and
owner of a travel agent,

said that most bookings

they have accepted are
for late November. He
said, Ninety percent of
tour bookings are already
OOHG )HZ WRXULVWV FDPH
before November due to
the general election and
Bangkok bomb blast.

production technology is
so outdated and we have
no markets where we can
export our products. We
are going to participate
on international trade
fairs to improve producWLRQ WHFKQRORJ\ DQG QG
markets for our goods.
The quality of Myanmar
bamboo products is much
lower than those from
Thailand or Vietnam.
To improve the product quality, the Myanmar
Bamboo Producer and
Exporter Group will help
small enterprises to purchase the necessary machinery, said Dr Myint
Sein.
Myanmar can export
only raw material to
7KDLODQG DQG QLVKHG
bamboo products are
typically only sold on the
local market. The bamboo
products include bamboo
chairs, beds, cups, combs
and clips.

LOCAL BIZ

11

Myanmar Business Today

mmbiztoday.com

November 5-11, 2015

Phyo Thu

&DQ3HDUOV%H6RXWKHUQ0\DQPDU
V
1HZ%LJ,QGXVWU\"

Phyo Thu

yanmar's nascent pearl industry

gained
a great deal of regional
attention after a private
auction before the 2013
Hong Kong International
Jewellery Show, in which
one pearl managed to sell
for more than $30,000 in
a bidding war.
We have proven the
value of Myanmar pearls
and got peoples attention
on at that show, Daw
Mya Mya Win, distribution manager of Myanmar
Pearl Enterprise told Myanmar Business Today.
Since then, pearl production has been on a
steady rise, especially in
Myanmar's southern Tanintharyi region.
0\DQPDU UVW SDUWLFLpated in international
pearl shows ten years ago,
but at that time the quality of Myanmar pearls was
very low, and did not generate enough revenue at
UVW$JRRGUHSXWDWLRQLV
hard to forge, and pearls
took a back seat to Myanmar's more established
gem industries.
Their aim at the time
was to observe the international market, said
Daw Mya Mya Win. Like
many industries, the low
level of local technology
applied to the production
process was the primary
weakness, but newlyintroduced methods are
transforming the fruits of
the humble mollusk into a
major industry.

Now, Myanmar holds

local pearl shows every
year and continues to
participate in Hong Kong
jewelry show, where
state-run Myanmar Pearl
Enterprise has since been
joined by international
joint ventures and local
pearl companies.
Microscopic Irritants
in the Golden Land
Much of the world buys
freshwater pearls from
China, but Myanmar has
found a niche market in
the production of golden
pearls, produced with
VSHFLF VHHGLQJ WHFKniques placed in saltwater
oyster varieties.
To get quality golden
pearls, the implantation of
the initial seed (a microscopic irritant that an oyster coats in calcium carbonate to produce a pearl)
PXVWEHGRQHLQDVSHFLF
manner.
Additionally,
WKHVH QLFN\ FUHDWXUHV
require an exceptionally
clean environment to produce quality pearls, and
the yet-unspoiled Myeik
Archipelego has been a
hotspot for oyster production.
Even if you take Myanmar oysters to cultivate in
Japan, it is less likely to get
a good quality pearl. A good
pearl is dependent on its
local environment. Some
oysters produce golden
pearls genetically. We need
to cultivate that kind of
oyster and take good care
of them, explained Daw
Mya Mya Win.
Pearl plantation is not

harmful to the environment, and can actually

have a positive impact
because pearl plantations
need clean water according to U Tin Ko Ko Oo,
executive director of Our
Future Initiative, a local
NGO that focuses on sea
resource management.
However, southern Myanmar is developing fast,
and this could pollute the
pristine water. U Tin Ko Ko
Oo said, One coal plant is
operating in Kawthaung
and new power plants are
about to come. No coal
plant in Myanmar can be
as clean as those internationally, and this can greatO\ DHFW WKH HQYLURQPHQW
Dust can pour into the
water and acidify the area,
making the water too dirty
for pearl cultivation.
Private Pearl
Planters
Pearl production in cooperation between the
government
enterprise
and Japanese technicians
began in 1954 in the Myeik Archipelago, and so
far has not spread outside
of that region. Myanmar
Pearl Enterprise has been
under three ministries in
\HDUVWLPHUVWXQGHU
the Ministry of Fisheries, Livestock, and Rural
Development, then the
Ministry of Forestry and
Environmental Conservation, and now under the
Ministry of Mines.
Most recently, private
companies have been invited into the fold to expand the industry.

We are giving permission to every company

that meets our criteria.
Our decision based on the
location of the applicant
company's land, said U
Myint Thu, general manager of Myanmar Pearl
Enterprise.
To date, four international joint ventures and
four local companies have
invested approximately
K1 billion in Tanintharyi region's pearl industry
and there are three more
companies on currently
going through the application process.
Exploring new places
for pearl production and
cultivation is depending
on the local environmental situations and climate
change of the region, but
the Enterprise says there
are many potential places
for pearl cultivation in
Tanintharyi region.
Mollusk Money
The production of Myanmar pearls has steadily climbed for four years
straight. In 2011-2012
the country produced
513,936 pearls, the next
year 549,773, followed
by 627,096, and 712,584
pearls in 2014-2015.
As investing in the Myanmar pearl industry increases, the government
is focusing on the enforcement of the investment law.
We are acting according to the investment law.
For local companies, the
government keeps 25 perFHQWRIWKHSURWDQGZH

also charge K2,000 per

oyster for implantation,
said Daw Thida Mya, assistant general manager
of sale department of Myanmar Pearl Enterprise.
The charges for oyster implantation started
from July 2014 by under
supervision of workers
from Myanmar Pearl Enterprise.
Orient Pearl company
general manager U Hla
Oo Kyi told Myanmar
Business Today, that
the prices of pearls vary
greatly, and have yet to be
regulated by the current
government, but sales are
'in good condition.'
The largest buyers of
Myanmar pearls are Japan, Hong Kong, and
China.
Even though Myanmar
pearls are beginning to be
well-positioned internationally, the local market
of Myanmar pearl is still
quite small.
We are selling some
pearls in Bogyoke market. The main market for
pearls is Mandalay and
Myeik, said Ma Pwint
Phyu, the owner of Royal
Pearl shop in Bogyoke
Market.
She hypothesized that
one reason pearl sales are
so low inside Myanmar is
that locals prefer to collect gold because it can be
easily resold.
We can only sell small
amount in local market,
but if we go to Hong Kong,
every pearl is gone, explained U Hla Oo Kyi.
Breaching the
World's Waves
Before 2013, traders
mixed Myanmar pearls
with those from other
countries to sell in international markets. However, Myanmar pearls are
gaining in prestige, allowing them to break open
the shell of the international markets.
MPE and two private
companies are ready to
participate in the 2016
Hong Kong International
Jewellery Show and six
more companies are expected to participate. Hong
Kong is a major trading
hotspot for gems, as their
government does not tax
gems and jewellery.
This shows that Myan-

mar pearl companies are

getting more attention
in the international pearl
market. Additionally, an
exclusive pearl exhibition will be held this year
separated from other Myanmar gems.
U Hla Oo Kyi said, We
have adequate laws and
regulations. We also now
have the technology. We
only need hard work and
investment. We just need
to educate more pearl
technicians,
especially
those who can implant
seeds.
Myanmar Summary

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LOCAL BIZ

12

Myanmar Business Today

mmbiztoday.com

November 5-11, 2015

6XQ6RDNHG0DFKLQHV7HQGHUV3ODQQHG
IRU890HDVXULQJ'HYLFHV
Kyaw Min

Zarni Min Naing

everal UV ray measuring devices which

worth K75 million
will be set up in Yangon,
Mandalay and Naypyitaw
in 2016, according to an
RFLDO IURP WKH GHSDUWment of meteorology and
hydrology.
The plan was approved
by the state government
and aims to measure the
UV index in order to know
the level of deforestation,
environmental degradation, and depletion of
ozone layer, U Kyaw Moe
Oo, deputy director of department of meteorology
and hydrology told Myanmar Business Today.

When the setting up of

WKHGHYLFHVKDYHQLVKHG
we can announce the UV
index publicly. We also
have plans to set up these
devices in other regions
and states depending on
governments budget, he
added.
To set up these UV ray
measuring devices, a tender will be called for interested participants, but
the tender date has not
yet been set.
The rising UV index has
started early this year acFRUGLQJ WR RFLDO PHDVurements. Skin cancer
and other damage can be
caused by high levels of
UV rays.

'ROODUVWR%HEDQLVKHG
from Bagan
Phyo Thu

ccording to legend,
King
ThamodGDULWEDQLVKHGYH
mythical menaces from
Bagan: the giant tiger, the
JLDQW \LQJ VTXLUUHO WKH
giant boar, the giant bird,
and the giant gourd, and
soon the giant $20 bill
will join the ranks of the
defeated as well.
The entrance fee for
the Bagan archaeological zone will be collected
in Kyat instead of dollars
starting November 1, according to an announcement from the Department of Archaeology.
The entrance fee was
raised to $20 earlier this
year. Under new instructions from the Ministry of
Culture, the entrance fee
will cost K25,000 instead
of $20.
The ministry of culture
has informed other agencies about the change
to our ministry, said U
Aung Aye Han, assistant
director of ministry of hotels and tourism.
This move is part of a
ODUJHU HRUW WR FRQWDLQ
the use of the dollar in the
Myanmar economy.
According to Central
Bank of Myanmar announcements, the role
of Myanmar Kyat has diminished due to local use

of dollars. More demand

for dollars has made the
Myanmar kyat unstable
and depreciate in value.
Myanmar Summary

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ukefypnf;ESifh 0efaqmifrIrsm;
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us,fjyefYpGmtoHk;jyKvmjcif;ESifh
a':vmvd k t yf c suf j rif h r m;vm
jcif;wdkYaMumifh usyfaiG toHk;0ifrI
tcef;u@ avsmhusvmaMumif;

azmfjyonf/ ,if;ESifhtwl EdkifiH

jcm;aiGvJEIef;rwnfNidrfrIjzpfvm
NyD; EdkifiHawmf\ aiGa&; aMu;a&;
u@rwnfNidrfrIudk jzpfay:ap
aMumif;wdt
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tzGJUtpnf;rsm;wGif ukefypnf;
rsm; a&mif;csjcif;ESifh 0efaqmifrI
vkyfief;rsm; aqmif&Gufjcif;wdkY
twGuf ay;acsjcif;? aps;EIef;
owfrw
S jf cif;wdt
Yk wGuf Edik if jH cm;
oHk;aiGjzifh rjyKbJ usyfaiGjzifhom
aqmif&u
G &f ef owfrw
S fvmojzifh
tqdkyguJhodkY ajymif;vJaumufcH
jcif;jzpfaMumif; od&onf/

Myanmar Summary

usyfodef; 750 cefYwefzdk;&Sd

c&rf;vGefa&mifjcnfwdkif;wma&;
pufr sm;udk vmrnfh 2016 ckESpf
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twGuf EdkifiHawmftpdk;&rS cGifhjyK
csuf&&Sdxm;NyDjzpfum t*Fvef
Edik if rH x
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tqifhrDpufrsm;udk a&G;cs,fum
wyf q if o G m ;rnf j zpf a Mumif ; ?

pufrsm;wyfqifNyD;ygu c&rf;vGef
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kd D;? t0wf
tpm;? OD;xkyf? rsufrSef? ,lAGDyg
aomvdrf;aq;rsm;udk trsm;pku
toHk;jyKMuaMumif; od&onf/

REGIONAL BIZ

13

Myanmar Business Today

mmbiztoday.com

November 5-11, 2015

/DRV%RRVWV+\GURSRZHU
([SORUHV&RDO'HSRVLWVIRU6KDOH*DV
Jessica Jaganathan

aos aims to sharply

boost its hydropower generation to
10,000 megawatts (MW)
by 2020 and is exploring
for shale gas as part of
plans to export electricity
to its neighbours, its vice
minister of energy and
mines said last week.
Laos is among Asia's
poorest countries but has
big ambitions to export
power generated from its
ample water resources.
Construction of the
1,285 MW Xayaburi
dam, one of the country's
larger projects, was about

60 percent complete,
as it builds on current
generation capacity of
3,000 MW to 4,000 MW,
Viraphonh Viravong told
Reuters.
Despite a projected
slowdown in gross domestic product (GDP)
growth from last year's
7.5 percent, Laos will not
cut spending in its energy
sector or slow down projects, Viravong said.
"For example, in Thailand, they are more than
willing to buy cheaper
hydropower from Laos to
UHSODFHJDVUHGSRZHU
projects ... so I don't
notice any slowdown in

power projects," he said

on the sidelines of the
Singapore International
Energy Week.
The power and mining sector contributes to
17 percent of Laos' GDP
and nearly 70 percent of
overall exports. Thailand
is currently the biggest buyer of electricity
from Laos, which has
agreements to supply to
Vietnam and Cambodia
as well.
Under an ASEAN
project, Laos could sell
100 MW of electricity to
Singapore which could
RZWKURXJK7KDLODQG
and Malaysia. Both coun-

tries are meeting to sort

out technical, legal and
commercial issues.
The earliest the sale
could happen is 2018
when some of Laos'
smaller hydroelectricity
projects, which have not
already been committed to Thailand, become
available, Viravong said.
Laos is also exploring for
shale gas at coal deposits scattered around the
country and could look to
H[SRUWLIQGVZHUHPDGH
Viravong said.
"Some companies are
on the very preliminary
basis looking at the posVLELOLW\RIQGLQJVKDOH

gas," he said.
"We have a few deposits
of coal, but it's scattered
and not in blocks, so they
expect shale gas to be
trapped around those areas and so will be looking
at that instead of oil."
If shale gas is found, it
will mainly be exported
as demand in Laos is not
enough to absorb the volumes even though they
are unlikely to be big,
Viravong said.
Concessions to explore
for oil in central and
south Laos have so far
yielded nothing substantial, he added. Reuters

,QGLD,V6SHQGLQJ%LOOLRQV
WR3RSXODWHD5HPRWH$UHD&ODLPHGE\&KLQD
Natalie Obiko
Pearson

ndia plans to invest

billions of dollars to
populate a remote
northeastern state it has
QHJOHFWHGVLQFHJKWLQJ
a war with neighboring
&KLQDPRUHWKDQYH
decades ago.
Prime Minister Narendra Modis government
LVQDOL]LQJEOXHSULQWV
for a $6 billion highway
in Arunachal Pradesh,
which is also claimed
by China. Construction
on the 2,000-kilometer
(1,243-mile) road will
start as early as 2018,
Kiren Rijiju, minister of
VWDWHIRUKRPHDDLUV
said in an interview.
"If China is developing
on their side of the territory, we should develop
on our side," Rijiju, a

native of Arunachal
Pradesh, said at his New
Delhi residence on Saturday. "India has failed the
people living along that
border. Were now taking
very concrete steps in
that direction."
Arunachal Pradesh is an
area in the Himalayas the
size of Austria tucked between China, Bhutan and
Myanmar's Kachin State.
It has 1.4 million people,
less than 1 percent of
Indias 1.2 billion population, and a third of them
live below the poverty
line as hydropower, coal
and mineral resources sit
undeveloped.
While the state has
more hydropower potential than what is currently
installed in all of India,
less than 1 percent has
been developed. Only 29
percent of the region has

paved roads compared

with a national average of
62 percent, according to
JXUHVIURPWKH&HQWUDO
Electricity Authority and
a report by PwC.
In 1962, India and
China fought a four-week
war over their Himalayan
border. Chinese troops
operating in extremely
cold weather at high
altitudes advanced into
Arunachal Pradesh and
another disputed area to
the west. It ended when
China declared a ceaseUHDQGZLWKGUHZWRD
boundary known as the
McMahon Line formed
by Britain and Tibet in
1914, which serves as the
de facto border today.
Since then, China has
developed nearby areas.
The Tibet autonomous
region today boasts more
than 7,000 kilometers

of highways, all-weather
road and rail links to
&KLQDVKHDUWODQGYH
DLUHOGVDQGDEHURSWLF
network that connects
nearly all towns, according to Delhi Policy Group.
Arunachal Pradesh, by
contrast, has been forgotten. The state was only
connected to the national
railway network last year,
the nearest commercial
airport is in another state
and large swathes of the
territory dont have power
or telecommunications.
Rijiju stressed that
Indias moves shouldnt be
interpreted as a challenge
to China. "I dont want to
link it to China," he said.
"Were not doing anything
to disturb relations. Its
not in terms of challenging
or competing with China,
but in terms of securing
our own territory."

China may not see it

that way.
"The Chinese government has never recognized the so-called
Arunachal Pradesh unilaterally established by
India," Vice Foreign Minister Liu Zhenmin said in
a Feb. 21 statement after
Modi gave a speech in
the state capital. China
calls the area South Tibet
and has repeatedly asked
India to "refrain from actions that complicate the
boundary issue."
The highway project should strengthen
economic ties between
India and China instead
of dividing the nations,
Rijiju said.
"It should not be seen
as a confrontation but as
complementary," he said.
"These ancient linkages
are a reality." Bloomberg

Myanmar Summary

YPWGN(GNLIL+RQI}LI?D 
tm;vQyfppfxkwfvkyfa&;udk
ododomomjrifhwif&ef
BudK;pm;aeNyD; 2020 ckESpf
wGif vQyfppf"mwftm;
wpfaomif; r*g0yftxd
xkwfvkyf&ef "mwfaiGUrsm;
&SmazGawGU&SdrIaMumifh
tdrfeD;csif;EdkifiHrsm;odkY
pGrf;tifwifydkYEdkif&ef pDpOfae
onfh tpdwftydkif;wpfckvnf;
jzpfonf[k vmtdkpGrf;tif
0efBuD;Xme 'kwd,0efBuD;u
ajymcJhonf/
vmtdkonf tm&SEdkifiHrsm;
wGif tqif;&JqHk;EdkifiHwpfck
jzpfaomfvnf; a&t&if;
tjrpfrsm;rSwpfqifh vQyfppf
"mwftm;xkwfvkyf
ydkvQHaeaom vQyfppf"mwf
tm;rsm;udk wifydkY&ef
qEjyif;jyvsuf&Sdonf/
Myanmar Summary

vGefcJhonfh q,fpkESpf ig;ESpf

ausmfuwnf;u tdrfeD;csif;
wkwfEdkifiHESifh ppfyGJrsm;
jzpfyGm;cJhonfudk vspfvsLI
tdEd,EdkifiHonf EdkifiHta&SU
ajrmufydkif;&Sd xdef;csKyfe,fajr
wpfckwGif a':vmbDvD,H
aygif;rsm;pGm &if;ESD;jrKyfESH&ef
pDpOfaeonf[k od&onf/
wkwfEdkifiHu awmif;qdk
vsuf&Sdonfh tlem&S,fy&m
'pfcdkifwGif ta0;ajy;vrf;r
wpfckwnfaqmuf&ef tar
&duefa':vm ajcmufbDvD,H
tm; 0efBuD;csKyf em&ef'&mrdk'D
\ tpdk;&tzGJUu aemufqHk;
twnfjyKay;cJhaMumif; od&onf/
,if;aqmufvkyfa&;vkyfief;
onf uDvdkrDwm 2000 (1243
rdkif) &Snfonfh ta0;ajy;vrf;
tm; 2018 ckESpftapmydkif;
wGif pwif&ef pDpOfaeonf[k
od&onf/tu,f wkwfEdkifiH
X}LIZGN<EXIWMFUIWPZGN
wufatmifvkyfaeaomaMumifh
rdrdwdkYbufudkvnf;wdk;wuf&ef
aqmif&GufoifhaMumif; tlem
&S,fy&mcdkif wGif aexdkifol
wpfOD;u ajymonf/

REGIONAL BIZ

14

Myanmar Business Today

mmbiztoday.com

November 5-11, 2015

7KDLODQG3ODQV7D[0HDVXUHVWR6SXU,QYHVWPHQW
Kitiphong
Thaichareon

unrest. The junta has

focused on driving investment.
7KHWD[EHQHWVZLOO
help speed private investment before large public
infrastructure projects
NLFNRQH[W\HDU)Lnance Minister Apisak
Tantivorawong told
reporters.

"Money will be added to

the system steadily until
there is investment in
mega projects next year,"
he said. "There won't be
the gap that makes (people) feel the economy is
getting worse."
7KHWD[EHQHWVZLOO
also be for building, machinery, computers and

Dario Pignatelli/Bloomberg

KDLODQG
VQDQFH
minister said he
expected to propose tax incentives to the
cabinet over the next few
weeks aimed at boosting
private investment this
year and next, as the mili-

tary government seeks to

UHYLYHDJJLQJHFRQRPLF
growth.
With exports and
domestic demand still
sluggish, Southeast Asia's
second-largest economy
has yet to regain traction
since the army seized
power in May 2014 to
end months of political

6KLSSLQJFRQWDLQHUVVWDQGDWWKHSRUWDW/DHP&KDEDQJ7KDLODQG

cars, Apisak said, without

giving further details.
The measures should
HQFRXUDJHUPVWR
improve productivity
to compete with other
countries, as a lack of
investment in Thailand
over the past 10 years
had made many Thai
goods outdated and less
competitive, he added.
The government will
later consider measures
to promote new industries, which will strengthen Thailand's fundamentals over the next 10 to 20
years, Apisak said.
In a bid to lift the
economy, the government recently approved
stimulus packages, aimed
at supporting rural areas,
VPDOOHUUPVDQGWKH
property sector.
Last month, the Board
of Investment also ofIHUHGWD[EHQHWVIRU
private investment applications this year and
next, with actual investment needed by the end
of 2017.
The economy grew just
0.9 percent last year,
WKHZHDNHVWVLQFHRRG
hit 2011. For 2015, the
Finance Ministry expects
growth of 2.8 percent.
Reuters

Myanmar Summary

,ckESpfESifh vmrnfhESpfwGif
yk*vdu&if;ESD;jrKyfESHrIudk jrifh
wif&ef&nf&G,fonfhtaejzifh
xdkif;tpdk;&tzGJUodkYtcGefqdkif&m
ajzavQmhrI tqdkjyKvTmwpfckudk
vmrnfh &ufowywftenf;
i,ftwGif;tqdkjyKEdkif&efarQmf
vifhaeaMumif; xdkif;b@ma&;
0efBuD;u ajymcJhonf/
ta&SUawmiftm&S\ 'kwd,
tBuD;qHk;pD;yGm;a&;tiftm;pk
taejzifh 2014 ckESpfwGif
ppfwyfrS tmPmodrf;,lcJhNyD;
aemufydkif; EdkifiH\ ydkYukefwifydkYrI
ESifh jynfwGif;0,fvdktm;onf
tusyftwnf;rsm; &ifqdkifae&
qJjzpfonf/ xdkif;ppftpdk;& t
aejzifh&if;ESD;jrKyfESHrIrsm; ydkrdk&
&SdEdkif&efypfrSwfxm;aeonf/
vmrnfhESpfwGifpwifrnfh
jynfolUtajccHtaqmufttHk
pDrHudef;rsm; t&Sdeft[kefjzifh
rpwifrDumvtwGif;
tcGefqdkif&majzavQmhrIonf
yk*vdu&if;ESD;jrKyfESHrIudk
t&SdefjrifhwifEkdif&ef ulnDEkdif
rnf[k xdkif;b@ma&;0efBuD;
tyDqyfwefwDbdk&m0efu
ajymcJhonf/
xdkYjyif tcGefajzavQmhrIrsm;
onf taqmufttHk? puf
ypnf;? uGefysLwmESifh um;rsm;
tay:wGifvnf; oufa&mufrI
6GUQI>N}LIXDM\PRQI

3UHVLGHQW6D\V,QGRQHVLD,QWHQGV
WR-RLQ7337UDGH'HDO
Julia Edwards &
Roberta Rampton

during his trip, including

a $500 million infrastructure investment
from Coca-Cola and up to
$1 billion from General
Electric for Indonesia's
energy and healthcare
sectors, according to
the Indonesian embassy
in Washington. Both
GHDOVZHUHIRUDYH\HDU
period.
Indonesia's state oil
UP3HUWDPLQDDQG&RUpus Christie Liquefaction,
a subsidiary of Cheniere
(QHUJ\DOVRQDOL]HGD
shale gas deal valued at
$13 billion.
Widodo and Obama
also discussed climate
change, strengthening
Indonesia's maritime security powers and forest
UHVLQ,QGRQHVLD
Reuters

Myanmar Summary

tar&dueforw bm;&wf
tdkbm;rm;ESifh tif'dkeD;&Sm;
orw 0D'dk'dkwdkY awGUqHkcJhNyD;
aemuf tif'dkeD;&Sm;EdkifiHtae
jzifh tar&duefESifh tjcm;EdkifiH
11 EdkifiH yg0ifonfh ypdzdwf
a'ordwfzufEdkifiHrsm;
ukefoG,frItzGJU (TPP) odkY
0ifa&muf&ef &nf&G,fae
onf[k od&onf/
ta&SUawmiftm&S\ 'kwd,
tBuD;rm;qHk; pD;yGm;a&;vkyfief;
BuD;taejzifh TPP odkY 0if
a&muf&ef &nf&G,faeonf[k
tif'dkeD;&Sm;orw 0D'dk'dku
ajymcJhonf/
tar&duefukefoG,fa&;
udk,fpm;vS,f rpfcs,fzdkrefu
tar&duefjynfaxmifpktae
jzifh ypdzdwfa'oEdkifiHrsm;ESifh
ywfoufonfh owif;tcsuf

Dimas Ardian/Bloomberg

ndonesian President
Joko Widodo, speaking after a meeting with US President
Barack Obama, said his
Southeast Asian country
intends to join the Trans3DFLF3DUWQHUVKLSWUDGH
deal the United States
has forged with 11 other
nations.
"We are the largest
economy in Southeast
Asia," Widodo said
through a translator.
"And Indonesia intends
to join the TPP."
US Trade Representative Michael Froman said
the United States would
keep sharing information
about the TPP, which will
set common standards
on issues ranging from

workers' rights to intellectual property protection.

"As we have said from
the beginning, TPP is
intended to be an open
platform to which other
countries who are able
and willing to meet the
standards can potentially
accede," he said at a business summit hosted by
the US Chamber of Commerce.
More broadly, Indonesia had work to do on
cutting red tape, addressing barriers such as local
content and local packaging requirements, eliminating import and export
restrictions and protecting intellectual property
rights, Froman said.
President Widodo
QDOL]HGPRUHWKDQ
billion worth of US deals

tvufrsm;udk rQa0oGm;rnf[k
ajymMum;cJhonf/
]]uRefawmfwdkY tpuwnf;u
ajymcJhovdkyJ/ TPP [m
tvm;tvm&SdwJh pHcsdefpHTef;
awGudk vdkcsifwJhEdkifiHawG
twGuf yvufazmif;wpfck
zGifhay;zdkY &nf&G,fygw,f}}[k

rpfcs,fzdkref;u ajymcJhonf/
xdkYjyif tif'dkeD;&Sm;EdkifiH
taejzifh BudK;eDpepfrsm;udk
avQmhcs&ef vdkaeNyD; jynfwGif;
ydkYukefESifh oGif;ukefuefYowf
csufrsm;udk ajzavQmh&ef
YGNDHRQI>N}LIXTXI
ajymonf/

15

REGIONAL BIZ

Myanmar Business Today

mmbiztoday.com

November 5-11, 2015

,QGLD+RVWV%LJJHVW$IULFD6XPPLW
3OD\V&DWFKXSZLWK&KLQD
Douglas Busvine

chief salesman of a "Make

in India" export drive,
wants to capitalise on an
economic slowdown in
China to highlight India
as an alternative partner
for trade and investment.
"India is the fastestgrowing major economy.
Africa is experiencing
rapid growth too," Modi
told African journalists,
Although India's headline economic growth
has overtaken China's,
LWVHFRQRP\LVRQHIWK
the size and it lacks the

Vrishti Beniwal/Bloomberg

ndia hosted its

biggest-ever Africa
summit this week as
Prime Minister Narendra
Modi seeks to challenge
China's dominance on a
continent that is blessed
with vast natural resources and has the world's
fastest-growing population.
New Delhi wants to
project its soft power and
historical ties to Africa, in
contrast to China's focus

on resource extraction
and capital investment
that has sparked a backlash in some countries
against Beijing's mercantilist expansion.
India's trading ties
with Africa date back to
antiquity and both found
common cause in the
struggle against colonial
UXOH<HW,QGLD
VLQXHQFH
faded over the course of
the Cold War as it withdrew into non-aligned
isolation.
Now Modi, self-styled

QDQFLDOKHIWWRFKDOOHQJH
Beijing in a head-to-head
contest for the African
market.
"We can't match the
Chinese in terms of
resources - but any
engagement we do with
the Africans at least gives
them a choice," said C.
Raja Mohan, a foreign
policy commentator at
the Observer Research
Foundation in New Delhi.
The India-Africa Forum
Summit was the third of
its kind and, since the
UVWZDVKHOGLQ
two-way annual trade
has more than doubled to
$72 billion.
That lags trade between
China and Africa, which
has exploded to $200 billion as the world's No.2
economy sucks in oil,
coal and metals to feed its
industrial machine.
The world's largest
democracy has been criticised by human rights
groups for inviting Omar
al-Bashir, the president of oil-rich Sudan
wanted by the International Criminal Court on
charges of war crimes,
crimes against humanity
and genocide in Darfur.

For India, business

FRPHVUVW
State-run oil company
21*&ZKLFKKDVHOGV
in Sudan and South
Sudan, is on the hunt to
buy $12 billion in foreign
assets over the next three
\HDUVDQGKDVLGHQWLHG
Africa as an investment
target.
India is also in talks
with South Africa to buy
coal mines producing
up to 90 million tonnes
of coking coal each year
to feed its growing steel
industry. South Africa is
already a major coal supplier to India.
Still, India wants its
involvement in Africa to
be less transactional than
China's, seeking a development partnership for
two regions that account
for a third of the world's
people, but seven in 10 of
those living in poverty.
"Our partnership is not
focused on an exploitative or extraction point
of view, but is one that
focuses on Africa's needs
and India's strengths,"
said Vikas Swarup,
spokesman for the Indian
Ministry of External Affairs.
Reuters

Myanmar Summary

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rd'k o
D nf wkwEf ikd if \
H vTrf;rd;k rI
udk pdefac:&efESifh urmhvlOD;a&
wdk;wufrI tjrefqHk;a'o&Sd
obm0t&if;tjrpfrsm;
twGuf tBuD;rm;qHk; tmz&du
xdyfoD;nDvmcHwpfckudk
vGefcJhonfhtywfu vufcH
usif;ycJhaMumif; od&onf/
wkwfEdkifiHonf tmz&du
wdkuf&Sd obm0t&if;tjrpf
rsm;? &if;ESD;jrKyfESHrIrsm; ydkrdk
jyKvkyfvsuf&SdaomaMumifh
e,l;a'vDtaejzifh tmz&du
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,QGRQHVLDWR'HFLGHRQ5LFH,PSRUWV:LWKLQ
7ZR:HHNV)RRG$JHQF\
To be sources from Vietnam, suppliers also being sought in Myanmar, Cambodia and Pakistan
Bernadette Christina

ndonesia will decide

within two weeks
whether to ship in
rice from Vietnam and
other Asian countries,
the head of the state food
procurement agency said,
as dry weather crimps
local output and stokes
domestic prices for the
staple grain.
Indonesia, which is battling dry weather caused
by the El Nino weather
pattern, already has a
contingency plan in place
to import rice from Vietnam if needed.
Rice imports are a
contentious issue in the
country where President
Joko Widodo is faced
with fast-rising food

prices but is also pursuLQJVHOIVXFLHQF\LQ

various foods to protect
farmers.
"Yes it is true," Bulog
CEO Djarot Kusumayakti told reporters late
on Monday, when asked
whether Widodo would
decide within two weeks
whether to begin imports
from Vietnam.
Kusumayakti, who
earlier this year predicted
rice imports would likely
happen in early 2016,
said calculations on potential volumes were still
ongoing.
"Their (Vietnam) commitment was for 1.5 million tonnes," he added.
"But with limited time,
their (port) capacity is
QRWVXFLHQW7KH\PLJKW

only provide 1 million

tonnes."
There have also been
talks with Thai rice sellers for about 500,000
tonnes, he said, adding
that suppliers were also
being sought in Myanmar, Cambodia and
Pakistan.
Since coming to power
a year ago, Widodo has
aggressively pursued
VHOIVXFLHQF\LQYDULous foods as part of an
increasingly nationalistic
approach to protecting farmers, curbing
state imports of rice in
a country where private
buying from overseas has
been largely banned for
decades.
The government had
given Bulog a target to

buy 4 million tonnes

from domestic producers
in 2015, but the agency
has so far only procured
around 2.5 million
tonnes, with Kusumayakti estimating purchases for the year would
total less than 3 million
tonnes.
Bulog is the dominant
rice buyer in Indonesia,
tasked with maintaining
annual stocks of 1.5-2
million tonnes.
Analysts have forecast
that Indonesia will import 1.6 million tonnes of
the staple grain this year.
Last week, the latest
rice loading schedule
data from Vietnam's largest port showed 63,100
tonnes of the grain was
loaded on vessels des-

tined for Indonesia.

Reuters
Myanmar Summary

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&ef qHk;jzwfcsufudk ESpfywf
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&ef aqG;aEG;xm;onf/

16

November 5-11, 2015

Myanmar Business Today

mmbiztoday.com

17

November 5-11, 2015

Myanmar Business Today

mmbiztoday.com

INTERNATIONAL BIZ

18

Myanmar Business Today

mmbiztoday.com

November 5-11, 2015

:LWK*OREDO2XWORRN:HDN
0DQ\86&RPSDQLHV7LJKWHQ%HOWV
David Randall

S companies are
far from optimistic that next year
will see them get a break
from the tough economic
and market conditions
they have faced in 2015.
And that may well hurt
capital investment and
jobs growth.
,QWKHUVWWKUHHZHHNV
of October, 165 American
companies have cited the
slowing global economy
in their outlooks for earnings and revenue. That is
up from 108 in the same
period last year, and 97 in
the year-earlier quarter,
according to an analysis
of earnings reports by
Thomson Reuters.
Among the phrases that
have appeared in many
of those statements are
"challenging macroeconomic environment," or
"global headwinds."
Earnings and revenue
have been depressed this
year largely because of
the strong dollar, economic weakness in China
and Brazil, and tumbling
oil and commodities
prices.
The rise in the value of
the American currency

PHDQVWKDWSURWVHDUQHG
in foreign currencies are
worth less once translated into dollars and
it can make American
exports less competitive.
The weakness in major
emerging markets has
hit sales by American
multinationals and the
plunge in the prices of
energy and metals and
minerals had not only hit
oil producers and miners
but the manufacturing
and service companies
who sell to them.
Among the major
companies to announce
job cuts in recent weeks
are industrial conglomerates United Technologies
Corp and General Electric Co, technology giant
Hewlett-Packard Co.,
and the world's largest
RLOHOGVHUYLFHVSURYLGHU
Schlumberger.
Large employers announced 205,759 US job
cuts in the third quarter,
the largest amount since
the third quarter of 2009,
according to a report
from outplacement
UP&KDOOHQJHU*UD\ 
Christmas.
Those moves are coming at a time when overall
corporate earnings in

the third quarter are on

pace to fall by 2.8 percent from this time last
year. So far 59 percent of
companies have reported
revenues that have fallen
below analyst estimates,
according to Thomson
Reuters data.
And expectations for
2016 are falling as well
- in July analysts were
predicting that corporate
earnings per share in the
UVWWZRTXDUWHUVZRXOG
grow 9.2 percent and 13.7
percent, respectively;
WKRVHJXUHVQRZDUH
down to 4.8 percent for
WKHUVWTXDUWHUDQG
percent for the second.
Few expect the economy to go into a free-fall,
of course. Should the
dollar and oil prices stabilize, the prospects for
many companies could
improve quickly and their
earnings and revenue
could beat expectations,
setting the stage for a
stock rally.
Some consumer-driven
companies also continue
to do well, both in the US
and even in China, where
both Nike Inc and toymaker Mattel have said
they still see high rates of
growth.

6XPLWRPR:LQVP
2UGHUIRU*DV)LUHG3ODQW
LQ7XUNPHQLVWDQ
Osamu Tsukimori

rading house Sumitomo Corp said last

week it had won a
$300 million order for a
PHJDZDWWJDVUHG
power plant in Turkmenistan, part of a package
of deals announced on a
visit to the Central Asian
nation by Japanese Prime
Minister Shinzo Abe.
Japan and Turkmenistan signed deals worth
over $18 billion in the
energy-rich nation, which
has become an important
supplier of natural gas to
China.
Sumitomo said it aimed
to complete the construction of the simple-cycle
JDVUHGSODQWLQ

and that the main equipment such as a gas turbine and power generator
would be procured from
Mitsubishi Hitachi Power
Systems Ltd.
Turkmenistan, a reclusive nation of 5.5 million,
holds the world's fourthlargest reserves of natural
gas. Since independence
in 1991, it has launched
ambitious projects to
process the commodity
DWKRPHDQGQGQHZ
export routes.
Japan's Abe last week
VWDUWHGDWRXURIWKHYH
post-Soviet Central Asian
nations where former imperial master Russia and
China are vying for clout.
Reuters

Myanmar Summary

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wmrifepwefEdkifiHwGif tar&d
uefa':vm oef; 300 wefzdk;&Sd
vQyfppf"mwftm; 400 r*g0yf
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ay;puf k w
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ab;\ A[dktm&SEikd fiHc&D;pOfokY d
oGm;a&mufvnfywfrt
I pdwftydkif;
wpfcktjzpf ,ckoabmwlnD
csuftm; aMunmcJjh cif;jzpfonf/
*syefESifhwmrifepwefEdkifiHwdkY
onf tar&duefa':vm 18
bD vD ,H ausmf wef z;kd &Sd onf h
oabmwlnrD rI sm;udv
k ufrw
S af &;
xdk;cJNh yD; ,if;Ekid if o
H nfwkwf
EdkifiHodkY obm0"mwfaiGUta&;
Bu;D onfah xmufyo
hH jl zpfvmonf/

Many of those feeling

the pinch from slowing
growth overseas are the
same companies that
just a few years ago were
counting on China and
other emerging economies to bolster their bottom lines.
Alan Gayle, a portfolio
manager at RidgeWorth
Investments, said that
he has been increasingly moving more of
his equity portfolio into
US-based companies that
have limited exposure to
China and other emerging markets.
"I've pulled back from
my China and emerging market exposure
until there are clearer

signs that the economy

has stopped slowing,"
he said, adding that he
expects that top-line
revenue growth will continue to be a challenge for
US companies there.
Yet he remains guardedly optimistic that oil
and other commodity
prices are nearing a bottom, and that consumer
spending in the US and
Europe should remain
steady.
"We think the chances
of a global recession remain quite low," he said.
Reuters
Myanmar Summary

,ckESpf 2015 wGif &ifqdkifcJh&

aom pD;yGm;a&;cufcJrIESifh aps;
uGufusqif;rIrsKd; aemufESpfwGif
vnf; xyfrH&ifqdkif&rnfh tajc
taersKd;ESifh BuHKawGUae&onf/
xku
d o
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jrKyfESHrI usqif;jcif;ESifh tvkyf
tudkifzGHUNzdK;wdk;wufrI aES;auG;
jcif;ESifhyg BuKH awGU&zG,&f dSaeonf/
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D 165
ck wdkYonfurmvHk;qdkif&m pD;yGm;
D XVTLIU,(6LIKWZO}LIZGN<?
0ifaiGusqif;cJ&h onf[k aMunm
cJhMuNyD;? ,cifESpfu udef;*Pef;
jzpfaom ukrPD 108 ckESifh
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tar&duefurk P
rD sm;\ 0ifaiG
ESifh tjrwfaiG&&dSrIrSm a':vm
aps;rmaejcif;? wkwEf iS fh b&mZD;
wdkYwGifpD;yGm;a&;usqif;aejcif;?
a&eHaps;EIef;usqif;rIESifh ukef
aps;EIef;BuD;jrifhrIwdkYaMumifh yHkrSef
jzpfzkY&d ef ke;f uefae&onf/

tar&duefukrPDrsm;onf

%UD]LOLDQV([SHFW&ULVLV
WR/LQJHUIRUDW/HDVW0RUH<HDUV
Carla Simoes &
Raymond Colitt

LOPD5RXVVHV
popularity remained near
record lows as the majority of Brazilians forecast
Latin Americas biggest
economy wont recover
from the current crisis
for at least another three
years.
5RXVVHVSHUVRQDO
approval rating was
15.9 percent compared
with 15.3 percent in the
previous poll in July, according to an Oct. 20-24
MDA poll published by
the National Transport
Confederation. The gain
was within the plus or
minus 2.2 percentage
point margin of error.
The poll also showed 63.6
percent of those surveyed
expect the crisis to last
at least three more years
as unemployment rises,
LQDWLRQDFFHOHUDWHVDQG
the economy contracts.
The presidents support
has become a key gauge
for legislators weighing
whether to back calls for
KHURXVWHU,WLVWKHUVW
major public opinion
survey since lawyers endorsed by opposition parties submitted a request
WRLPSHDFK5RXVVHRQ
allegations she doctored
VFDODFFRXQWV

The audit courts recommendation for ConJUHVVWRUHMHFW5RXVVHV

VFDODFFRXQWVLV
VXFLHQWWRLPSHDFK
her, according to 61.3
percent of those surveyed
by MDA who were aware
of the decision. The poll
shows 8.8 percent of
respondents rated the
government good or very
good compared to 7.7
percent in July.
5RXVVHVSRSXODULW\
may have bottomed out,
MDA director Marcelo
Souza told
reporters in
%UDVLOLD,WVGLFXOWIRU
President Dilmas approval ratings to fall even
further, Souza said.
Lower house speaker
Eduardo Cunha is analyzing the impeachment
petition and is expected
to make a decision in
coming weeks. The
process could involve
several votes in Congress
and ultimately result in
5RXVVHVUHPRYDOIURP
RFH7KHSUHVLGHQW
denies wrongdoing.
Other polls published
in recent months also
VKRZ5RXVVHVSRSXODUity hovering near record
lows. Approval of RoussHVPDQDJHPHQWZDV
14 percent last month,
compared with 15 percent
in June, a drop within the

margin of error, according to a Sept. 18-21 Ibope

poll commissioned by the
National Confederation
of Industry. An Aug. 4-5
poll conducted by Datafolha showed 8 percent of
Brazilians evaluated her
government as good or
great.
Brazils economy will
contract 3 percent this
year and 1.4 percent
in 2016, according to
analysts surveyed by the
central bank. That would
EHWKHUVWEDFNWREDFN
recession since 1931.
Bloomberg
Myanmar Summary

vufwiftar&du\ tBuD;
qHk; pD;yGm;a&;tiftm;BuD;EdkifiH
jzpfonfh b&mZD;\usqif;rI
onf jyefvnfemvefxlEkdifjcif;
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cefY tusyftwnf;ESifh &ifqdkif
&OD;rnf[k b&mZD;EdkifiHom;
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orw ',frmk'faqmh\
ausmfMum;rIonfvnf;
pHcsdefwifusqif;cJhonf/
kaqmhtm; vlxkaxmufcHrI
vGefcJhonfh ZlvdkifvtwGif;
15.9 &mcdkifEIef;&SdcJhaomf
vnf; atmufwdkbmvwGifrl
15.3 &mcdkifEIef;om&Sdawmh
aMumif; ppfwrf;wpf&yfu
od&onf/

19

INTERNATIONAL BIZ

Myanmar Business Today

mmbiztoday.com

November 5-11, 2015

5ZDQGD3ODQV$LUSRUW
IRU(&RPPHUFH'URQHV
Helen
Nyambura-Mwaura

+ Partners website.
Research, development
and regulatory work is estimated to cost $6 million
annually in the four years
it will take to launch the
UVWFRPPHUFLDOGURQH
Ledgard said.
The project intends to
have three droneports by
2020 creating a network
that will cover about
half the nation. That
will gradually increase
to 40 buildings across
the country and allow
expansion into neighbors such as the Democratic Republic of Congo,
according to Foster +
Partners. The United Nations already has drones
gathering intelligence on
rebel groups operating in
eastern Congo.
The droneport project
plans an urban service
for commercial deliveries such as e-commerce
goods that will be known
as the Blue Line. It will
subsidize a separate Red
Line network ferrying
medical and emergency
supplies to remote regions at minimal cost,
according to Foster +
Partners.
Once the technology is
proven to be safe, popu-

ODUDQGDRUGDEOHLWZLOO
then be easier to expand
the service to cover
Lake Victoria and Lake
Tanganyika, and have
LJKWVGRZQPDMRUULYHUV
such as the Nile and the
Congo, Ledgard said.
7KHSURSRVHGUVW
route is along the NileCongo watershed and I
VHHLWDVWKHUVWVWDJHLQ
a Nile-Congo line extending north and west along
the rivers, he said, adding that Ethiopia was another possible target for
expansion. Cargo routes
would only make sense if

5XVVLDWR&KLQD:KDW
VD)HZ'R]HQ
%DVLV3RLQWV$PRQJ)ULHQGV"
Evgenia Pismennaya &
Anna Andrianova

Alexey Druzhinin/Bloomberg

ornered by sanctions, Russia is

preparing a costly
alternative venue to sell
debt: China.

Vladimir Putins government, which set a $3

billion cap on foreign
borrowing in 2016 and
hasnt sold Eurobonds in
two years, is preparing a
pilot issue of mediummaturity yuan notes on

9ODGLPLU 3XWLQ 5XVVLD

V SUHVLGHQW OHIW DQG ;L -LQSLQJ &KLQD
V
SUHVLGHQWDWWHQGDFHUHPRQ\LQ6KDQJKDL

Chinas mainland market,

according to Konstantin
Vyshkovsky, the head of
the Finance Ministrys
debt department. Russia
will need to pay at least
"dozens of basis points"
more than the cost of
placing dollar debt to
tempt investors, he said.
We are talking about
a new category of foreign
investors, Vyshkovsky
said in an interview last
week. Convincing Chinese investors to buy
the debt via the Russian
exchange and settlement
systems makes the task
doubly complicated, he
said.
The pivot east comes
after sanctions over the
FRQLFWLQ8NUDLQHIRUFHG
Russian borrowers to pay
what Vyshkovsky called
a "premium for geopoli-

they could accommodate

RYHUGDLO\LJKWVLQWR
a town of 20,000 people,
according to Ledgard.
While Rwandas rugged
terrain is a good candidate
for the pilot project, it is
the nations progressive
attitude toward advanced
technology that lured the
consortium, Ledgard said.
The country has been positioning itself as a regional
technology hub to attract
Silicon Valley-type companies and multinationals.
Rwanda is not the
country of highest need,
Ledgard said. Remote

Myanmar Summary

ao;i,f axmifaygif;
rsm;pGmaom awmifukef;rsm;
aMumifh vlodrsm;onfh &0rf'g
EdkifiHonf ukefypnf;rsm;
ta&;ay:wifydkY&mwGif ta0;
xdef;pufrsm;jzifh xdef;csKyf
toHk;jyKonfh armif;olrJh
av,mOfrsm;twGuftajcpdkuf
pcef;wpfckjzpfvmzG,f&Sd
onf[k od&onf/
vef'eftajcpdkuf Adokum
ukrPD Foster + Partner,
Afrotech ESifh qGpfokaw
oewuodkvfu axmufyHhay;
xm;aom tmz&duenf;ynm
tzGJUwdkYu tqdkygpDrHudef;udk
aqmif&GufMurnfjzpfonf/

Bloomberg

wanda may become the base

for a network of
so-called droneports for
remote-controlled aircraft
to deliver urgent cargo to
remote parts of the tiny
country known as the
Land of a Thousand Hills.
The project by LondonEDVHGDUFKLWHFWXUHUP
Foster + Partners and
Afrotech, an African
technology initiative by
Swiss research university Ecole Polytechnique
Federale de Lausanne,
envisages a program that
could be replicated across
a continent with a lack of
adequate transport infrastructure. Africa needs
sustained investment of
ELOOLRQD\HDUWROO
its infrastructure gaps,
according to Africa Development Bank estimates.
We want to pioneer
ghost railways in the sky,
Jonathan Ledgard, a director at Afrotech, said in
an e-mailed response to
questions. Larger loads
going longer distances in
quiet, beautiful, ultraFKHDSFUDIWLVDGLHUHQW
vision to Amazons insect

approach of bristling tiny

drones carrying small
loads short distances.
Amazon.com Inc., the
worlds largest e-commerce company, has been
pressing for permission
to deliver packages by
drone in the US but has
run up against proposed
regulations. In April,
Amazon received a federal waiver allowing it to
run tests in the US.
&RQVWUXFWLRQRIWKHUVW
droneport in Rwanda,
which the unmanned
aerial vehicles can use for
WDNHRVDQGODQGLQJV
may begin in the second
half of 2016, Ledgard
said. The companies involved in the project are
working out regulatory
details with civil aviation authorities, Rwanda
Development Board Chief
Executive Francis Gatare
said by phone.
Afrotech plans to initially deploy three-meter
IRRWZLQJVSDQ\LQJ
robots capable of conveying 10 kilograms (22
pounds) and then wider
machines carrying a
payload ten times bigger
than that within a decade, according to a statement published on Foster

parts of Angola, say, or

Cameroon would have a
ODUJHUHHFWEXWZHQHHG
a law code. Bloomberg

tics." Putin is nurturing

ties with his countrys
largest trading partner by
FOLQFKLQJ5XVVLDVUVW
ever gas accord with its
bigger neighbor last year
and becoming the only
state leader representing
Chinas wartime allies to
attend a military parade
in Beijing in September.
This makes a lot of
sense try to develop this
new pocket of demand,
Luis Costa, the chief
[HGLQFRPHVWUDWHJLVW
for Central and Eastern
Europe, the Middle East
and Africa at Citigroup
Inc. in London, said by
phone. It looks to me
like a good decision.
More than a year into
life under sanctions,
the takeaway for Russia is that the penalties
have done little to spook

investors, according to
Vyshkovsky. Foreigners snapped up about a
IRXUWKRIWKHGHEWRHUHG
during debut sales of
LQDWLRQOLQNHGVHFXULties this year, with Russia
testing investors by selecting sanctioned banks
to organize its road show,
he said.
While Russia isnt prohibited by sanctions from
sovereign borrowing, the
penalties combined with
the collapse of oil prices
is stoking the nations
borrowing costs.
Of course, the cost of
borrowing has increased,
the risks have increased,
Vyshkovsky said. But
ZHQGWKDWZKHQLW
comes to an interesting
and convenient tool for
investors, the question of
sanctions fades into the
background.
7KHUVWVDOHRIPDLQland Chinese yuan bonds
by a foreign government
would show how Russia
is continuing to rewire
LWVQDQFHVE\WHVWLQJD
new source of capital as

LWVEXGJHWGHFLWVZHOOVLQ
WRWKHZLGHVWLQYH
\HDUV&KLQHVHRVKRUH
investors have already
bought about $1 billion in
ruble-denominated government debt this year,
according to Vyshkovsky.
Bloomberg
Myanmar Summary

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pD;yGm;a&;ydwfqdkYxm;jcif;rsm;
aMumifh k&Sm;onf wkwfEdkifiH
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ae&onf/ ylwiftpdk;&onf
2016 EdkifiHjcm;acs;aiGudk
a':vm oHk;bDvD,H rausmf&ef
owfrSwfxm;NyD; k&Sm;onf
,ldkaiGwkdufpmcsKyfudk ra&mif;cs
onfrSm ESpfESpfMumjrifhcJhNyD;
jzpfonf/
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k&Sm;EdkifiHtm; Oa&myeSifh
tar&duefwdkYu pD;yGm;a&;
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INVESTMENT & FINANCE

20

Myanmar Business Today

mmbiztoday.com

November 5-11, 2015

$VLD3DFLF(FRQRPLHV5LVHLQ%XVLQHVV
Friendliness
Despite marked improvement, Myanmar still lurks near bottom
erable infrastructure investments.

Aye Myat

Myanmar Summary

Munshi Ahmed/Bloomberg

World Bank report

found that many
economies in the
$VLD3DFLF UHJLRQ DUH
among the easiest to do
business, but Myanmar
remains among the worst,
ranking 167 out of 189
countries surveyed, below
such business destinations as Iraq and Burkina
Faso.
Doing Business 2016:
Measuring Quality and
(FLHQF\ QGV WKDW (DVW
$VLD DQG WKH 3DFLF LV
the second most represented region, after Europe, in the world's top 20
economies. Moreover, a
majority of economies in
(DVW $VLD DQG WKH 3DFLF
are undertaking reforms
to further improve the
regulatory environment
for small and mediumsized enterprises. During
the past year, 52 percent
of the region's 25 economies' implemented 27 reforms to make it easier to
do business.
For the 10th consecutive
year,
Singapore
ranks number one in the
world on the World Bank
Group's annual ease of
doing business measurement. Also among the top
20 economies are New
Zealand (ranked 2), Republic of Korea (4), Hong
Kong SAR, China (5), Taiwan, China (11), Australia
. (13) and Malaysia (18).
In some areas, Myanmar has improved
the fastest in the world,
eliminating the minimum
capital requirement for
local companies and by
streamlining
incorporation procedures, and
helping businesses get an
electrical connection.
However,
Myanmar's

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tax system came under

UH LQ WKH UHSRUW ZKLFK
said, Myanmar made
paying taxes more costly
and complicated for companies by increasing the
rate paid by employers
and ceiling for social security contributions, requiring additional documents for commercial tax
returns and introducing
TXDUWHUO\SUHSDUDWLRQOing and payment of corporate income tax. At the
same time, Myanmar increased the rate of allowable depreciation.
The average company
in Myanmar spends 188
KRXUV SHU \HDU OLQJ WD[es.
Myanmar was also singled out for it's unwieldy
legal system. The report
stated, A local business
trying to enforce a contract through the courts
in Myanmar would spend
more than three years
doing so, and pay fees
amounting to more than

half the value in dispute.

Moreover, the countrys
court system has no case
management, no court
automation and no specialized
commercial
courts or small claims
courtsall aspects reHFWHG LQ 0\DQPDUV ORZ
score on the quality of judicial processes index.
Even as East Asia and
WKH 3DFLF HFRQRPLHV
are gradually converging
towards regulatory best
practices, challenges remain, particularly in the
areas of Resolving Insolvency, Enforcing Contracts and Registering
Property.
On Registering Property, it takes an average 74
days for an entrepreneur
in East Asia and the Pacific to complete a property
transfer, compared to the
global average of 48 days.
Myanmar requires an average of 85 days.
This year's Doing Business report completes a

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benchmarks that measure the quality of regulaWLRQ DV ZHOO DV HFLHQF\
of the business regulatory framework, in order
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Registering Property and
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regional economies face
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Nonetheless,
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Myanmar made paying

taxes more costly and
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rate paid by employers and
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21

INVESTMENT & FINANCE

Myanmar Business Today

mmbiztoday.com

November 5-11, 2015

+HDOWK&DUH6SHQGLQJRQWKH5LVHLQ0\DQPDU
Michael Nesbitt

State of pay
To achieve this, MyanPDU ZLOO QHHG WR VLJQLcantly increase spending
on health services and related infrastructure, particularly in rural areas of
the country, where roughly 70% of Myanmars population of 51m lives.
The government is already taking steps to
boost health care expenditure, with the sector one
of the major winners in
the 2015/16 budget that
came into force on April
1. A total of MMK757.4bn
($592.3m) was allocated
for health spending this
VFDO\HDUDQHDUO\LQcrease over the previous
budget.

Files

igher budget allocations for infrastructure and

technology are set to create new opportunities for
Myanmars private health
care sector, including international health service
providers and suppliers,
as the country works to
DGGUHVV JDSV LQ VWDQJ
and facilities.
Although patients or
their families currently
account for the vast majority of health expenditures in Myanmar
nearly 93% of health care
spending was out of pocket in 2012, according to
the World Bank this is
expected to change as the
government moves ahead
with plans to cover all citizens by 2030.

$YLHZRI<DQJRQ*HQHUDO+RVSLWDO

According to local media, the funds will be

earmarked for the purchase of advanced medical equipment, including
electro-surgical technology, as well as the provision of free medical treatment for government
employees.
In addition, the government has committed
to training some 5600
medical
professionals
and 1300 nurses over
the course of the current budget cycle to help
to bridge the shortage of
medical professionals.
At present, Myanmar has
fewer doctors per capita
than other countries in the
region. According to the
World Health Organisation, there are 6.1 doctors
per 10,000 people in the
country, compared to 11.9
in Vietnam, 19.5 in Singapore and 23 in Japan.
Private sector
potential
As state spending to improve and expand basic
health coverage ramps

up, demand for private

health services is also expected to rise.
With Myanmar posting
strong economic growth
in the years since sanctions were lifted, there
has been a gradual emergence of a middle class,
RHULQJ D ZLGHU SRRO RI
potential clients for advanced medical services.
7KH UDSLG LQX[ RI IRUeign tourists and expatriates has also contributed
to growing demand.
While those who can afford it continue to seek
health care overseas, instead of making use of
state or private medical
VHUYLFHV WKHVH RXWRZV
are expected to slow as
domestic facilities and
services improve and specialised treatment options
expand.
Foreign interest
Investment by foreign
health care providers will
be central to bridging the
development gap, according Ang Wei Zheng, pharmaceuticals and health

care analyst for BMI

Research.
Myanmar's
long-term income growth
potential and low levels
of public health care infrastructure will herald
the entry of private health
care providers into the
country.
The market has already
attracted substantial interest from overseas providers, with foreign players able to own up to 70%
of clinics and hospitals,
according to the countrys
foreign investment regulations.
One of the most recent
market entrants, Indonesias Lippo Group, formed
a partnership in June
with First Myanmar Investments. Through the
$420m joint venture, the
company plans to develop
12 hospitals in the next
WKUHH WR YH \HDUV ZLWK
another eight to follow
through to 2025, more
than doubling the current
number of hospitals in
the country.
This comes on the heels
of two other recent forays

into the sector. In 2012

Indias Apollo Hospitals
launched a telemedicine
serve in Yangon, which
was followed by the arrival of Thailands Thonburi
Hospital Group (THG) in
June last year. Through
a $100m agreement with
Yangon-based Ga Mone
Pwint, THG plans to
build two hospitals with a
combined capacity of 400
beds, with one facility to
be located in Yangon and
the other in Mandalay.
Foreign medical equipment suppliers like GE
are also working to address pent-up demand
for medical technology.
GE launched operations
in the country soon after sanctions were lifted
in 2012, and now provides advanced imaging
equipment to public and
private hospitals, including MRI machines, CT
scanners, cathlabs, ultrasounds and x-rays.
Spending upside
As the provision of
health services improves
in the years ahead, per
capita health care spending is expected to rise exponentially, according to
Dr Gershu Paul, CEO of
Pun Hlaing Hospital, a
private health facility in
Yangon.
With health expenditure currently at around
MMK38,000 ($30) per
capita and expected to
reach
MMK254,000
($200) within the next
decade, Myanmar is in a
position to close the gaps
in its health care sector
faster than the rest of the
region, he told OBG.
Michael Nesbitt is Editorial Manager for Myan-

7HPDVHN0DQDJHPHQW6HUYLFHV$FDGHP\([HFXWLYHV
3URYLGH,QVLJKWVWR<RPD%DQN
Thant Zin

usiness executives,
led by Temasek
Management Services Academy, presented
insights on steps Yoma
Bank can take to lead the
banking industry in Myanmar.
The presentation was
JLYHQ WR <RPD %DQN VWD
and covered all aspects
of the banks operations,
market positioning and

branding, products and

services,
branch
operations, organizational
structure and governance,
and human resources and
change management.
The
30
executives
worked in teams to collect
and analyze information
gathered from interviews
with Yoma Bank employees and customers. The
diverse group worked in
D YDULHW\ RI GLHUHQW LQdustries and came from

countries like Singapore,

Japan, Vietnam, Mexico
and India. Six individuals
from Yoma Bank also participated in the executive
education program.
U Ba Maung Sein, the
Deputy Head of Credit for
Yoma Bank articulated
the value of the program.
Collaborating with the
high caliber managers
helped us develop fresh
perspectives on where
we are today and how

to achieve our organizational aspirations. The

program provided an opportunity for open and
honest discussion as well
as debate about the future
of Yoma Bank. The enriching exchange of ideas
and knowledge generated by people working in
GLHUHQW LQGXVWULHV DQG
IURP GLHUHQW FXOWXUHV
was refreshing and powerful.
The program was facili-

tated by the TMS Academy in conjunction with

the Global Institute for
Tomorrow. The objective was to provide a self
directed learning experience in which high performing individuals work
together and learn from
each other. Insights that
lead to sustainable business solutions that are
appropriate for the challenges of tomorrow were
sought after.

mar at Oxford Business

Group (OBG), and is in
charge of producing sector
VSHFLFUHVHDUFKLQ0\DQmar. Views and opinions
expressed in this article
are the authors own and
GRQW UHHFW 0\DQPDU
Business Todays editorial
opinion.
Myanmar Summary

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Myanmar Summary

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INVESTMENT & FINANCE

22

Myanmar Business Today

mmbiztoday.com

November 5-11, 2015

,.%=7R-RLQ)RUHLJQ7KLODZD,QVXUHUV
7RZDUGV(QGRI1RYHPEHU
Zin Thu Tun

Myanmar Summary

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Wai Linn Kyaw

fter three foreign

insurance companies gained permission to provide services in
Thilawa Special Economic
Zone, they will be joined
by local insurance company IKBZ which will start
their operations at the end
of November.
We are doing market
research to operate in
Thilawa Special Economic Zone and we are the
UVW ORFDO LQVXUDQFH FRPpany to operates in Thilawa SEZ, said U Nay Myo
Aung, managing director
of IKBZ.
IKBZ is also implementing a program in which
people can apply for insurance services over the
internet. The necessary
V\VWHPV DUH PDLQO\ Qished and operations can

start in November, he
added.
U Nay Myo Aung told
Myanmar Business Today that local insurance
companies who operate
LQ 7KLODZD 6(= FDQ RHU
a maximum premium of
$500,000.
,.%= LV FXUUHQWO\ RHUing nine types of insurDQFH VHUYLFHV UH LQVXUDQFH VFDO LQVXUDQFH
cash transport insurance,
health insurance, life insurance, group life insurance, auto insurance, cargo insurance and travel
insurance across Myanmar.
,.%=KDVRFHVLQ
states and regions. IKBZ
ZDV WKH UVW OLFHQVHG LQsurance company to open
in Myanmar when they
started operations in June
2013 with paid-up capital
of K46 billion.

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5HJXODWRU\5HJLPH
Matthew Miller &
Michael Martina

Kevin Lee/Bloomberg

hina is considering imposing tough

new conditions on
overseas bank card providers such as Visa Inc
and MasterCard Inc, in a
potential setback to their
plans to enter the country's $7 trillion card payments market, according
to people familiar with
discussions.
Industry sources, law-

yers and US business

lobbies are worried that
Chinese regulators will
SXVK IRUHLJQ FDUG UPV
to operate through a domestic consortium and
may try to force them to
partner with local companies and governments,
reducing the amount of
control they would have
over their businesses and
limiting their returns.
Such measures, if implemented, would be a
blow to global card pay-

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been lobbying for more
than a decade to access
the world's fastest-growing cards market, projected to become the biggest
by 2020.
It may also defy a 2012
World Trade Organization (WTO) ruling that
found China was discriminating against US credit
FDUG UPV E\ DOORZLQJ
China UnionPay, a statecontrolled
consortium,
a monopoly on all yuan
payment cards issued and
used in the country.
The State Council, the
government's cabinet, announced in April that China would open the card
market to all properly-licensed domestic and foreign businesses, a move
precipitated by the 2012
WTO ruling.
But possible new conditions have been raised in
discussions between card
companies and domestic
enterprises and municipal governments in the
months since the People's
Bank of China (PBOC)

issued its draft implementation

regulations,
sources told Reuters on
condition of anonymity.
Jeremie
Waterman,
Greater China executive
director at the US Chamber of Commerce, told the
US Trade Representative
this month in testimony
that any foreign card provider may be required
to join a domestic consortium to get a licence,
limiting their operational
control.
"We hope the State
Council's April decision
ZLOODOORZTXDOLHGIRUeign electronic payments
UPVWRVHWXSEDQNFOHDUing operations in the near
future - even as we are
receiving reports that
Chinese regulators may
award new licences only
to those foreign companies that partner with domestic companies," Waterman said.
There have also been
discussions about whether to limit the number of
licences granted to the
foreign card companies,

with the possibility that

just one or two might be
issued, sources said on
condition of anonymity.
7KHLQLWLDOTXDOLFDWLRQV
that were publicly outlined by the State Council
earlier this year were already seen as onerous by
some legal professionals,
including requirements
that applicants hold 1 billion yuan ($157 million)
in registered capital in a
local company, and store
data and infrastructure
inside mainland China.
Critics have argued China's limitations on foreign card players sought
to protect the country's
then nascent domestic industry from competition,
allowing UnionPay unfettered access at a time of
explosive growth in the
interbank card market.
Currently, China requires all foreign card
companies to use UnionPay's network when accepting yuan payments,
HHFWLYHO\ JLYLQJ LW D FXW
of every credit or debit
card transaction. Reuters

Myanmar Summary

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23

PROPERTY & REAL ESTATE

Myanmar Business Today

mmbiztoday.com

November 5-11, 2015

1HZ8UEDQ0DVWHU3ODQV
WREH,QWURGXFHGIRU/RFDOHV
Plans to encourage urban growth outside Yangon
Tin Mg Oo

disproportionally, Daw
Moe Thida added.
<DQJRQLVRYHUYHWLPHV
as large as Mandalay, and
its population is expected to double in the next
15 years. In neighboring
Thailand, Bangkok is has
grown to over 20 times as

Morley J Weston

new master urban

development plan
for 56 cities and
towns around Myanmar
is being drawn by ministry of construction said
Daw Moe Thida, deputy

director from ministry of

construction, in a property seminar.
Yangon alone is developing in Myanmar. Thats
why we have to allow other cities to get attention
from investors. Yangon's
population is expanding

$QHDUO\PRUQLQJYLHZRI%RJ\RNH5RDGLQ<DQJRQ

populous as the next largest city. According to the

2014 census, Yangon region has a relatively high
population density with
716 people per square kilometer, followed distantly by Mandalay with 200.
Due to the high demand
of housing in Yangon,
property prices are rising
greatly. About 100,000
houses are needed in
Yangon every year, but
ministry of construction
FDQ RQO\ IXOOO  SHUcent of this demand. At
the same time, YCDC and
the housing department
have struggled to implePHQW DRUGDEOH KRXVLQJ
projects. The majority of
houses were built by the
private sector.
We can also rely on
the private sector for our
housing plan. The government alone devised
and invested on housing
plans in the past. Now
private sector is stepping
forward, said Daw Moe
Thida.
During the term of the

most recent government,

the ministry of construction has drawn an urban
master plans for 80 cities
and towns, but could not
implement these plans
due to various circumstances.
Myanmar Summary

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Ei Thandar Tun

Myanmar Summary

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Zarni Min Naing

CDC plans to use

K10 billion in 20152016 to build new
markets and restore nine
old ones, according to an
RFLDO IURP WKH PDUNHWV
department of YCDC.
If we can arrange a
place for street vendors,
ZHFDQUHGXFHWUDFFRQgestion on Yangon's busy
streets and it is also good
for the vendors, U San
Shwe Tun, head of the
YCDC markets department, told Myanmar
Business Today.
He claimed that they
are going to build six new
markets and restore ten
marketplaces around the
city. They will provide
places for street vendors
to sell goods in the new
markets. Street vendors
who apply for spaces will
not have to pay any fees
for their sales space.

Vendors will get 5

square feet of space each
when the two-story new
PDUNHWV DUH QLVKHG
They will be allowed to
sell goods from 6 AM to
6 PM.
The new markets are being built in Mingalardon,
Hlaingtharyar, Seikkyi,
Kanaungto, Shwepyithar
and East Dagon townships.
Old
markets
will
be restored in Insein, Thaketa, Ahlone,
Kyimyindaing,Mayangon,
Hlaing, North Okalapa,
East Dagon and Hlaingtharyar townships.
Currently, there are 173
markets sponsored by
YCDC in Yangon.
The construction of the
markets is slated to be
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PROPERTY & REAL ESTATE

24

Myanmar Business Today

mmbiztoday.com

November 5-11, 2015

&KLQ5HKDELOLWDWLRQWR7DNH7KUHH<HDUV
5HTXLUH0DVVLYH+RPHEXLOGLQJ3URMHFWV
Tin Mg Oo

he
rehabilitation
and resettlement of
RRGUDYDJHG &KLQ
state will take about 3
years, said U Za Gote Htan,
an executive member of
the Hakha social committee.
The Chin state government said the rehabilitation process can be
done within six months.
However, its been three
months already and the
town plan for Hakha
KDVQW EHHQ QLVKHG \HW
said U Za Gote Htan.
The state government
will build houses worth
K4.4 million per house
for people who lost their
KRXVHV LQ UHFHQW RRGLQJ
and landslides in Chin
state, according to Chin
region government.

The state budget will be

used to build new houses,
according to U Chun Ha
Ye, director of emergency
relief and rehabilitation
department of Chin state.
At the same time Chin
state government is helping the locals with their
GLFXOWLHV
U Chun Ha Ye said, We
will build new houses
for people who lost their
houses. Each house will
cost K4.4 million. The
state government will
build in Hakha and Tedim towns. Building new
KRXVHV LQ RWKHU RRG
damaged regions such as
Magway region and Rakhine state is under discussion. The new houses
will be more valuable and
built to a higher standard
than the destroyed old
houses.

Currently, people are

staying in camps and
they are facing psychological trauma. Blankets
and warm clothing for
the coming winter are urgently needed, according
WRRFLDOVIURPDGLVFXVsion on the rebuilding of
Chin State.
2FLDOVIURP&KLQVWDWH
government, experts and
regional elders are collaborating to draw a town
plan to resettle people
from the state capital of
Hakha, which was badly
DHFWHG E\ RRGV DQG
landslides.
The lowland region and
highland region are very
GLHUHQW $IWHU WKH UDLQ
DQG RRGV SHRSOH UHFRYered quickly in lowland
regions, but in highland
regions landslides buried
or destroyed many hous-

es. We are discussing with

JHRORJLVWVWRQGSODFHVWR
resettle which will not experience this catastrophic
erosion in the future,
said U Za Gote Htan.
Transportation
has
EHHQ FXW R GXH WR ODQGslides and people are facing costly transportation
fees. Even donors and
aids organizations are
faced with transportation
challenges.
The Chin government is
also rebuilding roads and
trying to control commodity prices with the
help of local businesses.
The union government
declared Magway region,
Sagaing region, Chin state
and Rakhine state natural
GLVDVWHU DHFWHG UHJLRQV
and put assigned regional
ministers as heads of reconstruction.

Myanmar Summary

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Pete Sweeney &
Jessica Macy Yu

he Di Mei shopping
centre in downtown
Shanghai is a surprisingly depressing place
to shop.
The underground mall
is located in one of the
most shopping-mad cities
in China, and yet it is run
down and starved of customers.
"Sometimes I cannot sell
even one dress in a day,"
said dress shop owner Ms
Xu, who rents a space in
Di Mei.
Rising vacancy rates
and plummeting rents are
increasingly common in
Chinese malls and departPHQW VWRUHV GHVSLWH Rcial data showing a sharp
rebound in retail sales
that helped the world's
second-largest economy
beat expectations in the
third quarter.
The answer to that apparent contradiction lies
in the rising competition
from online shopping and
government
purchases
possibly boosting retail
statistics. Add poorly
managed properties into

the equation and the

empty malls aren't much
of a surprise.
More
importantly,
the struggles of Chinese
brick-and-mortar retailers amplify a policy conundrum; these malls,
built to reap gains from
rising consumption, are
instead adding to China's
corporate debt problem,
currently at 160 percent
of GDP - twice as high as
the United States.
/HVV IRRW WUDF PHDQV
FDVK RZ RI PDOO RZQHUV
and developers are getting squeezed - a potential hazard for an economy growing at its slowest
pace in decades.
Di Mei's owners are trying to refurbish, but it's
unclear whether it will
SD\ R DQG RWKHUV DUH
just closing down. The
Sunlight Store in Beijing,
for example, is located
in another prime pedestrian hub, but it closed
its blinds this month,
with manager Ni Guifang
telling Reuters they are
seeking greener pastures
online.
"The sales were just OK,
but the overall sales were

on the downward trend,"

Ni said.
Trimming Down
Major listed mall operators are also feeling the
pain. Dalian Wanda, a big
property developer, said
in January it would close
or restructure 30 of its retail venues and in August
said more adjustments
were underway.
Malaysia-based Parkson, which operates more
than 70 department stores
in China, closed several of
its stores in northern China last year following a 58
percent drop in China net
SURWLQ
"As growth in retail
sales slows because of
the country's lower GDP
growth, and in cities
where mall space is abundant, vacancy rates have
risen substantially," said
Moody's analyst Marie
Lam in a research note.
,Q LWV ODWHVW HRUWV WR
re-energise the economy,
China's central bank in
October cut interest rates
for the sixth time in less
than a year.
Tim Condon, an economist at ING in Singapore

warned that investors

should not read China's
RFLDOUHWDLOJXUHVDVH[FOXVLYHO\ UHHFWLYH RI ULVing household consumption, noting that the data
also capture some government purchases.
On the other hand, ecommerce sites continue to post double-digit
growth rates, even as
some moderation is evident. E-commerce leader
Alibaba is expected to
report that sales growth
slowed sharply in the
second quarter - albeit
to around 27 percent onyear, still a ripping pace.
And as more Chinese
graduate to the ranks of
the middle class, places
RHULQJ HQWHUWDLQPHQW
are thriving. Movie ticket
sales hit a new record of
nearly $300 million during a single holiday week
in October, up 60 percent
year-on-year.
But this is little consolation for the likes of Di
Mei. And the risk is that
the frenetic pace of mall
construction
cascades
into a bad-debt problem
for banks if shoppers fail
to match the zeal of prop-

erty developers.
Shopping
Overcapacity
China is currently the
site of more than half the
world's shopping mall
construction, according
to CBRE, a real estate
UP HYHQ WKRXJK LW DSpears that many of these
malls will not produce
good returns for their investors.
A joint report by the
China Chain Store Association and Deloitte showed
that by the end of this
year, the total number of
China's new malls is projected to reach 4,000, a
jump of over 40 percent
from 2011.
Real estate analysts note
that much of the surge in
retail space construction
came at the behest of local
governments, who were
rushing to push real estate development as part
of attempts to stimulate
the economy. The result
has been malls built in
haste and managed poorly.
Not surprisingly, shoppers are voting with their
feet.

"If you build it and

they're not coming, that's
a non-performing loan,"
said Condon of ING.
"That's the banks' problem."
Reuters
Myanmar Summary

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25

Myanmar Business Today

mmbiztoday.com

November 5-11, 2015

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Zarni Min Naing

he motor vehicle
inspection process
will be privatized if
local businesses agree to
take over the service acFRUGLQJWRDQRFLDOIURP
the Road Transport Administration Department
(RTAD).
In order to register a
motor vehicle, RTAD
performs routine structural integrity and safety
checks. Sometimes this
vehicle checking process takes a long time, so
RTAD is considering hand
over the vehicle checking process to interested
businesses, as is done in
many other countries.
The vehicle inspection
process done by RTAD
sometimes gets delayed.
If it is done by private
businesses, the process
can be done faster. We are
discussing this with interested businesses, said U
Hlyan Kyin Man, director
of Road Transport Administration Department
(Naypyitaw).
We are discussing the

details of this process

with local businesses,
including what type of
machinery is needed to
perform inspections and
what kind of skills inspectors need. We are
also negotiating the rates
they can charge, added U
Thein Oo, regional director of RTAD.
The vehicle inspection
process can be done only
LQ 57$' RFHVZLWK ORcations in South Dagon,
Ywar Thar Gyi, Insein and
Myinthar.
There are about 700
motor vehicles registered
by RTAD daily and the
registrations cost K 5,000
per vehicle.

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Ei Thandar Tun

Zarni Min Naing

otor
vehicles
were not allowed
to put darkened

tints on car window glass

in the past, but starting
from August this year,
window tints have been
allowed with opacity 40%.

We banned using adhesive tints car windows

so that people could not
hide illegal things in their
car. But due the rise in the

UV index, we decided to
allow tints with a maximum opacity 40 percent
to protect people from UV
rays, said U Thein Oo, a
VWDRFHUIURPWKH5RDG
Transport Administration
Department.
Drivers need to be careful, as cheaply made window tints do not protect
against UV rays.
People need to be more
cautious around cars
now, warned Major Win
Lwin from No 2 TrafF 3ROLFH )RUFH 2FH
claiming that if a car has
40 percent opaque tint
on windows, no one can
know whats happening
in the car.
The Road Transport
Administration Department allowed the window
tints for the convenient
of people. We check and
punish car owners if the
tint is darker than permit-

ted. added U Thein Oo.

In the past, the penalty
for tinted windows was
K1,500 but now the penalty for more than 40 percent tint is K30,000.
Myanmar Summary

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26

AUTOMOBILE

Myanmar Business Today

mmbiztoday.com

November 5-11, 2015

0DUXWL6X]XNLWR([SRUW0DGHLQ,QGLD&DUWR-DSDQ
Aditi Shah

to export about 50,000

units of the Baleno in
2016.
Global carmakers such
as Volkswagen, Ford and
Hyundai use India as an
export hub for emerging markets in Africa and
Latin America, taking advantage of the country's
low-cost manufacturing
base.
Though Maruti is India's leading carmaker,
selling 1.2 million cars in
the year to March 31, its
exports are limited and
mainly to countries in Africa and Latin America.
Exports to developed
countries could also have
WKHDGGHGEHQHWRIKHOSing Maruti, which is well
known for its no-frills
FDUVWRUHQHLWVRHULQJ
in its domestic market,
where global carmakers

such as Hyundai, Ford

and Renault are launching small cars packed
with more infotainment
and safety features.
Maruti's export plan will
enable the company to
learn better technologies
and processes used in mature markets, which can
then be incorporated in
its cars sold in India, said
Puneet Gupta, senior associate at IHS Automotive.
"This product is vital for
Maruti's future strategy ...
It is getting ready for the
competition in the next
decade," Gupta said, adding that it is rare for a Japanese carmaker to import
from India and shows the
country's importance for
Suzuki.
Reuters

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Sanjit Das/Bloomberg

aruti Suzuki India will for the

UVW WLPH H[SRUW
a made-in-India car to
Japan, the home of parent Suzuki Motor Corp, in
a move that could lead to
India becoming a Suzuki
export hub, an executive
of the Indian business
said.
Suzuki already derives
about a third of group revenue from Maruti, which
sells one in every two cars
in India but is seeking to
step up growth in more
developed markets.
The Indian carmaker
launched its premium
hatchback Baleno and
will begin exporting it to
100 countries including
Japan and Europe from
early 2016 as it works to

establish itself alongside

more upmarket global automakers.
If Maruti is able to win
over customers with the
quality and design of its
made-in-India Baleno, it
has the chance to become
an export base for future
models, Maruti's managing director, Kenichi Ayukawa, told Reuters.
"Competition is very
high in developed countries ... they have a lot of
good products and under
that condition we have
to compete. If this product will be successful we
have a chance to grow our
strategy," said Ayukawa.
The export strategy has
\HWWREHQDOLVHGEXW,Qdia has a chance to establish itself as a Suzuki export hub, Ayukawa said,
adding that Maruti plans

Myanmar Summary

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Aditi Shah

Nissan Motor

he technology in use
is virtually identical: cameras, radar,
and GPS working together
to turn cars into self-driving machines. What separates Japans automakers
and companies like Google
Inc. and Tesla Motors Inc.
is when they predict fully
autonomous vehicles will
be ready.
At last weeks Tokyo
Motor Show, Nissan Motor Co. will display a
concept car with retractable steering wheel and
PHVVDJHDVKLQJ ZLQGshield, joining Honda
Motor Co. and Toyota
Motor Corp. in exhibiting

vehicles with autonomous

modes for changing lanes
and avoiding collisions
on highways. But while
Tesla deployed its Autopilot system this month
and Google aims to have
fully self-driving cars on
the road by 2020, Japans
automakers see a wait for
such vehicles, with introductions coming only after 2025.
The unwillingness to
take a software-testing
approach -- with beta
versions used for trial
periods and ongoing updates -- and apply this
to car-making divides
traditional auto companies and tech-industry
challengers, said Tatsuo

Yoshida, an auto industry

analyst with Barclays Plc.
Whereas Tesla beamed
Autopilot into Model S
sedans with the promise
the system would continually learn and improve
itself, Japans automakers
view such an approach as
putting features on the
road before theyre ready.
Theyre also wary of exposure to liability if they
introduce safety features
that fail.
In the auto industry,
a beta version thats not
100 percent complete is
not acceptable, Yoshida
said by phone. They may
miss the opportunities for
the future, but at the same
time, traditional, estab-

lished car companies have

to maintain some level of
integrity or practicality in
the real world.
Called IDS, short for
Intelligent Driving Solution, Nissans electric
hatchback concept uses
a manual setting to teach
driving preferences to the
cars computer, which
replicates those actions in
autonomous mode.
Honda meanwhile is
showcasing
technology
that allows its cars to auto-cruise on congested
roads under 65 kilometers per hour, and trace
lines on curvy roads over
100 kilometers per hour.
Its cars are capable of
recognizing their position
down to a few centimeters
and determining best
routes and self-controlling the wheels and speed.
On an experimental
pilot stage, if the automated vehicle is driving
a test course, thats really possible and easy,
Toyota President Akio
Toyoda told reporters on
the sidelines of the show
on Wednesday.
Putting self-driving cars
on public roads too early
risks a major accident
that sets back the development of autonomous
vehicles, he said. The

technological
advancement would stop suddenly. We have to have a very
long-term perspective.
Each of Japans three
biggest automakers have
set targets to start deploying the technology
around 2020. Tesla Chief
([HFXWLYH 2FHU (ORQ
Musk told reporters this
month the company can
probably develop a completely self-driving car in
about three years, while
Google has forecast about
DYH\HDUWLPHIUDPH
Japan is aiming to use
the 2020 Tokyo Olympic Games to showcase
its autonomous driving
technology credentials.
The government is encouraging carmakers and
WHFKQRORJ\ UPV WR WHVW
self-driving vehicles on
designated public roads
and may allow Olympians
to take robot taxis to venues.
Self-driving cars have a
special resonance for Japan because of its aging
population. With life expectancy rising and births
declining, the proportion of Japanese aged 65
or older will swell to 40
percent by 2060 from 24
percent last year, according to government projections.
Bloomberg

Myanmar Summary

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IT & TELECOM

27

Myanmar Business Today

mmbiztoday.com

November 5-11, 2015

9LEHU(PHUJHVDVD7RROIRU/DZ(QIRUFHPHQW
Kyaw Min

Myanmar Summary

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viber
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message rSwpfqifh wdkifMum;rI
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Morley J Weston

ince the start of operations in mid-August, over 2300 vehicles have been reported
for driving illegally over
the Viber messaging app
and will be punished by
WKH WUDF SROLFH &RORQHO
Aung Ko Oo from No 2
7UDF3ROLFH)RUFH<DQgon) told Myanmar Business Today.
The Online Complaint
Center (OCC) program
has been in operations
since the beginning of October, and provides a service in which people can
take photos of unlawful
cars and report to police
through Viber messages
at 09-730-93226 or 09795-254-730.
Police Colonel Aung Ko
Oo said, We will announce

the reported unlawful motors number to newspapers. Anyone who sees

unlawful motor vehicles
FDQ UHSRUW WR WUDF SROLFH
using Viber messages, but
should do so within 24
hours. We will punish the
unlawful drivers.
To reduce unlawful
GULYLQJ PRUH WUDF SRlice will be deployed in
Yangon, Mandalay and
Naypyitaw.
When we put the reported vehicles numbers
in newspapers , the owner
of the car must come to
RXU RFH $QG DOVR ZH
plan to increase the numEHURIWUDFSROLFHLQ<DQgon, said Police Colonel
Aung Ko Oo. The license
plate numbers are listed
in the state-run newspapers Myanma Alinn Daily
and The Mirror Daily.

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Moh Moh Kyi

elenor
Myanmar
has launched a
cloud-based data
storage service based app
named Capture App.
Capture App is an application that provides
online storage to save
securely, view and share
photos and videos from
the devices via Global
cloud infrastructure. The
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in Norway, Malaysia and
Thailand.
Capture lets customers back up the pictures
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secure online storage.

On top of 2GB basic free

storage, Telenor Myanmar Customers can now
save all the memories on
their smartphone, tablets,
cameras, PC and MAC
to the cloud of extra free
20GB storage.
Non-Telenor customers
can download Capture
app and get 2GB storage
space with respective data
charges from other operators. Telenor Myanmar
customers, however, will
receive an extra 20GB
(total 22GB) free storage
until the end of 2016.
The fate of this service
after next year is not yet
set. A representative from

Telenor told Myanmar

Business Today via email,
At this point we are uncertain of the actual need
of Myanmar customers,
DQG WKURXJK WKLV RHU
we will learn more and
EHDEOHWRRHUPRUHUHOevant services after 2016.
Any changes will be communicated well in adYDQFHRIWKHQHZRHU
We are seeing a very
healthy uptake in data services in Myanmar; slightly
over a year in operations,
more than 57% of our 12
million customers are already active data users, and
we expect that this number
will increase in coming

months. Customers want

consistent data coverage,
but we also see opportunities to introduce new and
relevant digital services to
further stimulate usage,
and meet changing needs
and habits.
Capture' is available
for iOS and Android
smartphones and tablets
through the App Store
and Google Play, or at
www.mytelenor.com.
mm/captureapp for diUHFWGRZQORDGRI$3.OH
for Android. Telenor users can simply type capture and send to 500 to
get download link of capture app.

odrf;qnf;&efae&m 2GB tjyif

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zkef;twGif;&Sd "mwfyHkrsm;? AD'D,dk tcsuf t vuf r sm;yd k r d k o d r f ;
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tavsmufodrf;qnf;ay;rnfh0ef tydkxyfaqmif;ay;oGm;rnfjzpf
aqmif rI wpf ckjzpf aom Capture NyD;rdrdwdkYodrf;qnf;xm; aom
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xd e f ; od r f ; xm;jcif ; ? jyef v nf media , email rS wpf qif h
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Ekdifrnfjzpfonf/
a0rQEkdifrnfjzpfonf/
Myanmar Summary

28

Myanmar Business Today

mmbiztoday.com

November 5-11, 2015

INTERNATIONAL & DOMESTIC FLIGHT SCHEDULES

INTERNATIONAL FLIGHT SCHEDULES
BANGKOK TO YANGON

YANGON TO BANGKOK
Flights
PG 706
8M 335
TG 304
PG 702
TG 302
PG 708
8M 331
PG 704
PG 704
Y5 327
TG 306

Days
Daily
Daily
Daily
Daily
Daily
Daily
Daily
Daily
7
Daily
Daily

Dep
06:05
08:40
09:50
10:30
14:50
15:20
16:30
18:20
19:30
19:00
19:50

Arr
08:20
10:25
11:45
12:25
16:45
17:15
18:15
20:15
21:45
20:50
21:45

Flights
TG 303
PG 701
Y5 238
8M 336
TG 301
PG 707
PG 703
PG 703
TG 305
8M 332
PG 705

Days
Daily
Daily
Daily
Daily
Daily
Daily
1,2,3,4,5,6
7
Daily
Daily
Daily

YANGON TO DON MUEANG

Flights
DD 4231
FD 525
FD 256
FD 254
FD 258
DD 4235

Days
Daily
Daily
Daily
Daily
Daily
1,3,5,7

Dep
08:00
08:30
12:50
17:35
21:30
12:00

Arr
09:45
10:20
14:40
19:25
23:15
13:45

Days
Daily
Daily
Daily
Daily
Daily
2,4,6
Daily
2,3,5

Dep
08:00
09:45
09:45
10:25
11:45
13:35
16:40
19:30

Arr
12:25
14:15
14:35
15:10
16:20
20:50
21:15
0:10+1

Flights
DD 4230
FD 251
FD 255
FD 253
FD 257
DD 4234

Days
Daily
Daily
1,2,3,5,6
Daily
Daily

Dep
08:30
12:15
14:00
16:00
19:05

Arr
12:45
16:30
18:00
20:15
23:20

Days
3,5,7

Dep
23:50

Days
2,4,7
3,6
1,5

Dep
08:40
11:35
17:40

Days
Daily
Daily
Daily
Daily
2,4,6
Daily
Daily
2,3,5

Flights
AK 504
MH 740
8M 502
MH 742
AK 502

Days
Daily
Daily
1,2,3,5,6
Daily
Daily

Days
Daily

Dep
10:50

Arr
05:50+1

Flights
CA 905

Arr
13:15
15:55
22:10

Days
3,5,7

Days
Daily
3
1,2,4,5,6,7,

Dep
12:30
12:40
14:50

Days
3,6
1,5
2,4,7

Days
1,3,5,6,7

Dep
19:10

Arr
16:10

Arr
15:55
18:50
18:15

Days
2,4,7

Dep
14:25

Flights
CI 7915

Days
Daily

Days
1,4,6

Dep
08:00

Flights
MU 2011
CA 415
MU 2031

Days
3
Daily
1,2,4,5,6,7

Arr
21:25

Flights
VN 957

Days
1,3,5,6,7

Days
4,7
Daily

Dep
00:50
23:55

Arr
17:05

Flights
VN 943

Arr
11:10

Flights
QR918

Days
Daily

Dep
01:10

Days
2,4,7

Days
3,5,7

Days
Daily

Dep
22:10

Arr
08;50
07:45+1

Flights
KE 471
OZ 769

Arr
05:25

Days
Daily
3,6

Days
2
5

Dep
11:45
19:45

Flights
KA252
KA 250

Days
2,4,6
1,3,5,7

Days
1,3,5,6
4,7

Dep
12:50
14:30

Flights
NH913

Days
Daily

Days
3,5,6

Dep
10:30

Arr
13:00
21:00

Flights
BG 060
BG 060

Days
Daily

Dep
14:15

Arr
14:45
16:20

Days
Daily

Dep
12:50

Arr
11:55

Arr
16:40
Arr
15;15

MANDALAY TO KUNMING
Flights
MU 2030

Days
Daily

Dep
13:50

Arr
11:50
11:30
14:00

Dep
16:40

Arr
18:10

Dep
11:45

Dep
20:40

Dep
18:30
19:30

Dep
22:20
21:45

Dep
11:45

Days
2
5

Dep
16:30
16:30

Flights
PG723
W9 608

Days
1,3,5,6
4,7

Dep
11:00
17:20

Flights
8M 602

Arr
16:40

Days
3,5,6

Dep
12:50

Days
Daily

Dep
12:05

Days
Daily

Dep
10:55

Days
Daily

Dep
12:55

Days
Daily
2,4,6

Flights
AI 236

Days
2

Dep
13:10

Days
1,5
5

Dep
14:05
18:45

Arr
16:30

Flights
AI 235

Days
2

Arr
17:20
19:45

Days
2,4,6
1,5
4,7

Dep
06:15
11:00
14;30

Arr
08;05
12:50
16:20

Flights
AI 236
AI 233

Days
Daily

Dep
13:50

Arr
16:40

Arr
12:20

Days
1,5
5

Dep
13:10
13:30

Flights
Y5 252
7Y 306
W9 9608

Days
2,4,6
1,5
4,7

Dep
09:25
13:45
17:20

Arr
14:10
18:00

Arr
10:15
14:35
18:10

BANGKOK TO NAY PYI TAW

Flights
MU 2029

Days
Daily

Dep
12:50

Arr
14:55

DOMESTIC FLIGHT SCHEDULES

YANGON TO NAY PYI TAW
Flights
ND101
ND105
ND107
ND113
ND117
ND123

Days
1,2,3,4,5
1,2,3,4,5
1,2,3,4,5
1,2,3,4,5,6
1,2,3,4,5,7
1,2,3,4,5

Dep
07:00
08:00
11:00
15:00
17:00
19:30

Arr
07:55
08:55
11:55
15:55
17:55
20:25

YANGON TO NYAUNG U
Flights
K7 282

Days
1,2,3,4,5
1,2,3,4,5,6
1,2,3,4,5
1,2,3,4,5
1,2,3,4,5
1,2,3,4,5,7

Dep
06:30
08:30
09:30
13:30
17:30
18:30

Arr
07:25
09:25
10:25
14:25
18:25
19:25

MANDALAY TO YANGON

YANGON TO MANDALAY

Dep
06:00

Arr
07:20

NYAUNG U TO YANGON
Flights
YJ 891

Days
Daily

Dep
07:35

Arr
10:15

10:45

YJ 891

Daily

06:00

07:20

YH 918

1,2,4,5,6,7 07:45

1,2,5,7

06:00

08:25

YH 910

08:05

9:25

YH 917

06:00

08:25

YH 910

08:05

10:10

YH 909

3
06:10
1,2,4,5,6,7 06:10
7
06:30

07:45

YJ 881

08:05

10:10

07:45

YJ 881

1,2,4,5

08:20

10:25

YH 881

07:50

YH 910

1,2,5,7

08:25

9:45

YH 909

4,6

06:30

08:05

YH 918

08:25

11:05

YJ 881

1,2,4,5

06:45

08:05

YH 801

08:35

9:55

YJ 801

07:00

08:20

K7 242

Daily

08:35

11:45

K7 242

Daily

07:00

08:20

7Y 131

Daily

08:50

11:30

7Y 131

Daily

07:15

08:35

YH 910

09:35

10:55

7Y 121

08:20

09:40

7Y 121

Daily

09:55

14:10

Y5 649

Daily

10:30

11:50

K7 283

Daily

10:10

11:30
15:15

YJ 201

1,3

11:00

16:00

Y5 650

Daily

13:55

K7 264

Daily

14:30

16:40

YJ 202

1,3

16:15

17:35

7Y 241

Daily

14:30

17:10

K7 265

Daily

16:55

18:15

YH 731

2,3,4,6,7

15:00

17:55

7Y 242

Daily

17:25

18:45

YH 731

15:15

18:10

W9 129

1,3,6

17:50

19:10

W9 129

1,3,6

15:30

17:35

YH 732

1,2,4,6,7

17:55

19:15

W9 211

15:30

17:40

YH 732

18:10

19:30

NAY PYI TAW TO YANGON

Flights
ND100
ND102
ND104
ND110
ND118
ND122

Days
Daily

YH 909

YH 917

CHIANG MAI TO YANGON

NAY PYI TAW TO BANGKOK

Flights
MU 2030

Dep
07:00

KOLKATA TO YANGON

YANGON TO CHIANG MAI

Flights
Y5 251
7Y 305
W9 9607

Arr
16:30
14:50

DELHI TO YANGON

YANGON TO KOLKATA
Flights
AI 234
AI 228

Dep
07:20
11:30

YANGON TO HEHO

HEHO TO YANGON

Flights

Days

Dep

Arr

Flights

Days

Dep

Arr

YJ 891

Daily

06:00

08:50

YH 910

08:40

10:55

K7 282

Daily

06:00

09:00

YH 910

09:00

10:10

YH 909

06:10

08:40

YJ 881

09:00

10:10

YH 917

1,2,4,5,6,7 06:10

09:35

YH 634

09:05

10:15

YH 917

06:10

09:55

YJ 891

Daily

09:05

10:15

YH 909

06:30

09:00

K7 283

Daily

09:15

11:30

YH 633

06:30

09:05

YJ 881

1,2,4,5

09:15

10:25

YJ 881

06:30

08:45

W9 201

Daily

09:25

10:35

YJ 881

1,2,4,5

06:45

09:00

K7 243

Daily

09:30

11:45

K7 242

Daily

07:00

09:15

YH 918

1,2,4,5,6,7

09:35

10:45

7Y 131

Daily

07:15

10:05

YH 918

09:55

11:05

K7 266

Daily

08:00

09:15

7Y 132

Daily

10:20

11:30

Flights
ND301

Days
Daily

Dep
09:55

Arr
11:05

Flights
ND302

Days
Daily

Dep
11:30

Arr
12:40

YH 909

1,2,5,6

06:00

07:40

Y5 233

Daily

07:50

09:00

YH 917

06:10

07:40

YJ 891

Daily

08:20

10:15

YJ 891

Daily

06:00

08:05

YJ 811

08:40

10:05

K7 282

Daily

06:00

08:10

K7 283

Daily

08:25

11:30

7Y 121

Daily

08:20

10:35

7Y 121

Daily

10:50

14:10

YH 917

1,2,4,5,6,7

06:10

08:30

YH 918

1,2,4,5,6

08:30

10:45

Y5 649

Daily

10:30

12:45

K7 267

Daily

11:10

12:25

YJ 811

07:00

08:25

W9 201

Daily

08:40

10:35

YH 505

1,2,4,5,6

10:30

11:55

YH 506

1,2,4,5,6

11:55

14:00

W9 201

Daily

07:00

08:25

YH 918

09:10

11:05

YJ 751

3,7

10:30

11:40

YH 506

12:40

14:50

YH 835

1,7

07:00

08:40

7Y 132

Daily

09:35

11:30

YJ 761

1,2,4

11:00

12:10

YJ 762

15:00

17:00

YH 826

07:00

08:40

K7 267

Daily

10:20

12:25

YJ 751

11:00

12:10

YJ 752

15:20

16:30
18:00

YH 831

4,6

07:00

08:40

YJ 762

13:10

17:00

YJ 233

11:00

12:10

YJ 762

1,2

15:50

7Y 131

Daily

07:15

09:20

YH 836

1,7

13:20

14:45

YH 505

11:15

12:40

7Y 241

Daily

15:55

18:45

K7 266

Daily

08:00

10:05

YH 832

4,6

13:20

14:45

YH 727

11:15

12:40

K7 829

1,3,5

16:10

17:25

8M 6603

09:00

10:10

YH 827

13:20

14:45

YH 737

5,7

11:15

12:40

YH 728

16:00

18:10

YJ 211

5,7

11:00

12:25

YH 738

13:40

18:05

YH 737

11:30

12:55

YH 732

16:25

17:30

YJ 601

11:00

12:25

YJ 212

15:00

16:25

7Y 941

1,2,4,6

11:45

13:55

YH 732

1,2,4,6,7

16:25

19:15

YJ 201

1,2,3,4

11:00

12:25

YJ 212

15:00

17:05

K7 828

1,3,5

12:30

13:45

YJ 602

16:25

17:35

YH 911

11:00

15:30

YH 830

15:05

18:55

K7 822

2,4,7

12:30

13:45

K7 264

Daily

16:30

18:15

YJ 761

1,2,4

11:00

12:55

YH 912

15:30

17:25

K7 264

Daily

14:30

15:45

YH 738

16:40

17:50

YJ 233

11:00

12:55

YJ 202

2,4

15:30

16:55

7Y 241

Daily

14:30

15:40

YH 732

16:40

19:30

YH 729

2,4,6

11:00

14:00

YJ 202

1,3

15:30

17:35

YH 731

1,2,4,5,6,7 15:00

16:25

YJ 752

3,7

16:45

17:55

15:15

16:40

YH 738

16:55

18:05

15:30

16:40

W9 129

1,3,6

16:55

19:10

YH 829

11:00

15:05

YJ 602

15:40

17:35

YH 731

YH 737

11:15

13:25

YJ 762

1,2

16:35

18:00

W9 129

YH 727

11:15

13:25

7Y 242

Daily

16:40

18:45

1,3,6

YANGON TO SITTWE

SITTWE TO YANGON

11:30

12:55

YH 728

16:45

18:10

Flights

Days

Dep

Arr

Flights

Days

Dep

Arr

11:30

13:40

Y5 776

Daily

17:10

18:20

W9 309

1,3,6

11:30

12:55

W9 309

1,3,6

13:10

14:55

Arr
13:25

7Y 941

1,3,4,6

11:45

13:10

W9 211

17:10

19:15

K7 422

Daily

13:00

14:55

K7 423

Daily

15:10

16:30

7Y 841

2,5

11:45

13:10

K7 823

2,4,7

17:10

18:35

7Y 943

11:45

13:10

YH 732

17:10

19:15

K7 822

4,7

12:30

16:55

8M 6604

17:20

18:30

Flights

Days

Dep

Arr

Flights

Days

Dep

Arr

Arr
06:25+1

K7 622

1,3,5,7

13:00

14:25

K7 227

2,4,6

17:20

18:45

K7 242

Daily

07:00

10:35

K7 243

Daily

10:50

11:45

K7 226

2,4,6

13:30

14:55

8M 903

1,2,4,5,7

17:20

18:30

YH 505

1,2,4,5,6

10:30

13:10

YH 506

1,2,4,5,6

13:10

14:00

7Y 241

Daily

14:30

16:25

YH 738

17:25

18:50

YH 505

11:15

14:05

YH 506

14:05

14:50

YH 731

15:00

17:10

K7 623

1,3,5,7

17:40

19:05

W9 309

1,3,6

11:30

13:50

7Y 122

Daily

13:20

14:10

Y5 234

Daily

15:20

16:30

YH 730

2,4,6

17:45

19:10

14:55

W9 211

15:30

16:55

YJ 234

17:45

19:10

W9 252

2,5

18:15

19:40

Arr
22:30
23:40

Arr
00:15+1
23:45

Arr
17:15

Arr
18:40
18:45

Arr
11:55
18:10

Arr
16:00

Arr
12:20

Arr
15:55

MYITKYINA TO YANGON

YANGON TO MYITKYINA
Flights
YH 835

Days
1,7

Dep
07:00

Arr
10:05

Flights
YJ 202

2,4

14:05

Arr
16:55

YH 826

07:00

10:05

YJ 202

1,3

14:05

17:35

YH 831

4,6

07:00

10:05

YH 836

1,7

11:55

14:45

YJ 201

11:00

12:25

YH 832

11:55

14:45

YH 829

11:00

13:40

YH 827

11:55

14:45

YJ 201

2,3,4

11:00

13:50

K7 623

1,3,5,7

16:10

YJ 233

11:00

16:05

YJ 234

16:20

W9 251

2,5

11:30

14:25

YH 830

7Y 841

11:45

14:35

W9 252

2,5

K7 622

1,3,5,7

13:00

15:55

Dep

Arr
11:00

Flights
YH 836

Days
1,7

12:15

13:05

W9 309

1,3,6

14:05

Daily

13:00

13:35

K7 422

Daily

14:10

16:30

Y5 421

1,3,4,6

15:45

16:40

Y5 422

1,3,4,6

16:55

17:50

YANGON TO DAWEI
Days

Dep

Arr

Flights

Days

Dep

Arr

K7 319

2,4,6

7:00

8:10

K7 320

2,4,6

12:25

13:35

1,5

7:00

7:48

7Y 532

1,5

11:30

12:18

7Y 531

YANGON TO LASHIO

YJ 751

11:00

19:10

YH 729

2,4,6

11:00

16:30

18:55

7Y 741

1,5

11:30

16:45

19:40

K7 828

1,3,5

12:30

Dep
10:30

LASHIO TO YANGON
Arr
12:45

Flights
YJ 752

Days
5

Dep
13:30

Arr
16:30

13:15

K7 829

1,3

15:05

15:55

13:00

K7 829

15:05

17:25

13:18

YJ 752

15:40

17:55

14:50

7Y 742

1,5

16:00

17:48

YH 730

2,4,6

16:45

19:10

Airline Codes
Arr
14:45

4,6

07:00

11:00

YH 827

11:00

14:45

YH 826

07:00

11:00

YH 832

4,6

11:00

14:45

W9 251

2,5

11:30

15:25

W9 252

2,5

15:45

19:40

YANGON TO MYEIK

DAWEI TO YANGON

Flights

19:05

YH 831

MYEIK TO YANGON

Flights

Days

Dep

Arr

Flights

Days

Dep

Arr

Y5 325

1,5

06:45

08:15

Y5 326

1,5

08:35

10:05

7Y 531

1,5

07:00

08:38

7Y 532

1,5

10:45

12:18

K7 319

2,4,6

07:00

09:05

K7 320

2,4,6

11:30

13:35

15:30

17:00

Y5 326

17:15

18:45

Daily

Days
3

Days
1,7

Y5 325

7Y 122
K7 422

Flights
YJ 751

Dep
11:00

THANDWE TO YANGON

YANGON TO THANDWE

PUTAO TO YANGON

YANGON TO PUTAO
Dep
07:00

Days

Flights
YH 835

Arr
13:25

KUNMING TO MANDALAY
Flights
MU 2029

SINGAPORE TO MANDALAY
Flights
Y5 2234
MI 533

2,5

DON MUEANG TO MANDALAY

Flights
FD 244

Arr
20:50
14;15

W9 251

BANGKOK TO MANDALAY
Flights
PG 709

Dep
15:45
07:50

YH 737

GAYA TO YANGON

MANDALAY TO DON MUEANG

Flights
FD 245

Dep
08:25
11:10
13:30

INCHEON TO YANGON

MANDALAY TO BANGKOK
Flights
PG 710

Arr
09:50

DHAKA TO YANGON

YANGON TO GAYA
Flights
8M 601

Dep
07:00

TOKYO TO YANGON
Arr
06:45+1

YANGON TO INCHEON
Flights
PG724
W9 607

Arr
10:35
16:40
15:50

HONG KONG TO YANGON

YANGON TO DHAKA
Flights
BG 061
BG 061

Dep
08:35
14:40
14:15

SEOUL TO YANGON

YANGON TO TOKYO
Flights
NH914

Arr
22:50

DOHA TO YANGON

YANGON TO HONG KONG

Flights
KA 251

Dep
19:30

HO CHI MINH TO YANGON

YANGON TO SEOUL
Flights
OZ 770
KE 472

Arr
08:00
11:15
20:10
15:05
18:25

KUNMING TO YANGON

YANGON TO DOHA
Flights
QR919

Dep
06:55
10:05
19;10
13:50
17:20

HANOI TO YANGON

YANGON TO HO CHI MINH

Flights
VN 942

Arr
08:45
08:50
09:20
10:40
12:45
14:50
15:45
10:40

TAIPEI TO YANGON

YANGON TO HANOI
Flights
VN 956

Dep
07:20
07:20
07:55
09:10
11:30
13:25
14:20
05:20

GUANGZHOU TO YANGON
Flights
CZ 3055
CZ 3055
8M 712

YANGON TO KUNMING
Flights
CA 416
MU 2012
MU 2032

Arr
07:05
08:00
12:20
17:05
20:55
11:15

BEIJING TO YANGON

YANGON TO TAIPEI
Flights
CI 7916

Dep
06:20
07:15
11:35
16:20
20:15
10:30

Days
2,4,6
1,2,4,5,6

YANGON TO DELHI

KUALA LUMPUR TO YANGON

YANGON TO GUANGZHOU
Flights
8M 711
CZ 3056
CZ 3056

Days
Daily
Daily
Daily
Daily
Daily
1,3,5,7

Flights
TR 2822
Y5 2234
SQ 998
3K 581
MI 533
8M 232
MI 518
3K583

YANGON TO BEIJING
Flights
CA 906

Arr
08:45
09:40
22:20
12:40
13:50
14:30
17:35
18:45
18:50
20:05
21:30

SINGAPORE TO YANGON

YANGON TO KUALA LUMPUR

Flights
AK 505
MH 741
8M 501
MH 743
AK 503

Dep
08:00
08:45
21:30
11:55
13:05
13:40
16:45
17:55
18:05
19:20
20:15

DON MUEANG TO YANGON

YANGON TO SINGAPORE
Flights
8M231
Y5 2233
TR 2823
SQ 997
3K 582
MI 533
MI 519
3K584

MANDALAY TO SINGAPORE
Flights
MI 533
Y5 2233

3K
6T
7Y
8M
BG
CA
CI
CZ
DD
DE
FD
K7
KA

=
=
=
=
=
=
=
=
=
=
=
=
=

Jet Star
Air Mandalay
Mann yadanarpon Airlines
Myanmar Airways International
Biman Bangladesh Airlines
Air Chaina
China Airlines
China Southern
Nok Airline
Condor
Air Asia
Air KBZ
Dragonair

KE =
MI =
MU =
MH =
ND =
NH =
PG =
QR =
SQ =
TG =
TR =
VN =
W9 =

Korea Airlines
Silk Air
China Eastern Airlines
Malaysia Airlines
FMI Air
All Nippon Airways
Bangkok Airways
Qatar Airways
Singapore Airlines
Thai Airways
Tiger Airline
Vietnam Airlines
Air Bagan

Y5 = Golden Myanmar Airlines

YH = Yangon Airways
YJ = Asian Wings
Day
1
2
3
4
5
6
7

~
~
~
~
~
~
~

Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
Sunday

IT & TELECOM

29

Myanmar Business Today

mmbiztoday.com

November 5-11, 2015

+XDZHL7DNHV6PDUWSKRQH)LJKWWR6DPVXQJ
$SSOHZLWK46KLSPHQWV%RRP
Yimou Lee

er image.
The
July-September
numbers puts Huawei on
course to move 100 million smartphones this
year, 33 percent more
than in 2014. That would
mean it outpacing growth
forecast for major rivals
such as Apple, Xiaomi Inc
and Lenovo Group Ltd ,
analysts said.

Justin Tallis/Bloomberg

hina's
Huawei
Technologies
Co
is set to be the
fastest-growing
major
smartphone vendor this
year, analysts said, boosting its drive upmarket to
challenge industry giants
Samsung Electronics Co
and Apple Inc.

The upbeat view came

after Huawei, the world's
third-biggest smartphone
supplier by volume, said
third-quarter
global
smartphone shipments
jumped 63 pct year-onyear to 27.4 million handsets. Higher-end device
sales also grew, a key target for Huawei as it seeks
to shed its budget suppli-

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contender to Huawei for
the top three position (after Samsung and Apple)
in the short term," said
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Canalys. "That's impressive growth."
Huawei remains a distant third, with a smartphone
market
share
worth $7 billion in the
second quarter, about
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and Samsung, according
to Canalys.
Still, analysts said Huawei's branding shift to
higher-margin premium
models, as well as strong
relations with telecom
carriers at home and
abroad, are now helping
it cement its position in
the global top three. Previously, smaller players
often swapped that rank
in price wars.
Third-quarter deliveries
climbed 81 percent and
98 percent in China and
Europe respectively from
a year ago. About a third
of the quarterly shipments were mid- to highend models, Huawei said,
up from 25 percent a year
earlier.
Huawei doubled its Chi-

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year, defying a slowdown
in the world's biggest
handset market that is
enveloping rivals Xiaomi
and Samsung.
Despite
the
strong
growth in both Europe
and China, analysts said
Huawei still needs to win
over consumers in the
United States - where its
market penetration remains low - if it is to become a serious rival to
Samsung and Apple as a
truly global smartphone
brand.
After its products were
once labeled a national security risk in a US
Congressional
report,
which said Beijing could
use Huawei equipment
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this year rolled out new
phones and wearable devices in a bid to attract
new buyers. The company
declined to say how many
smartphones it has sold
in the US.
"It's very interesting to
see whether they will do
well in the US (market),"
said Nomura analyst Leping Huang. "It still has
some room to grow."
Reuters

Myanmar Summary

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$PLG6OXJJLVK7DEOHW'HPDQG
Yimou Lee & J.R. Wu

Wen said.
"We might make some
further adjustments in
our production capacity
in the future, but at the
moment we do not have
plans to close down more
factories," she added.
The plant's closure comes
after Taiwan's export orders, a leading indicator of
global tech demand, fell for
the sixth month in a row in
September as the economy
of China, Taiwan's largest
trading partner, slows.
Reuters

David Paul Morris/Bloomberg

Taiwan company
that makes backlight
modules
used in Apple Inc's iPad
as well as other products
said it was closing one of
its China factories due to
sluggish global demand
for tablets.
Taiwan-based Coretronics Corp has closed the
factory in China's eastern
city of Nanjing and laid
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a company spokeswoman
told Reuters last Wednesday.
The closure comes as
global shipments for
monitors, notebooks and
tablets are projected to
drop an average 10 percent on-year respectively
in 2015, according to re-

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Overall demand is likely
to remain stagnant because various applications markets are becoming saturated, it said.
Coretronics
spokeswoman Cindy Wen declined to say which products are produced at the
Nanjing plant, or give
details about its size. She
said Coretronics' six other
panel plants in China are
still in operation.
Coretronics plants in
Nanjing and Guangzhou
in southern China are
listed under Apple's 2015
supplier list.
"Since last year the
growth of tablet sales has
become worse than previous years, and the market
demand has been declining for several quarters,"

Myanmar Summary

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Coretronic

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f rd f;cJjh cif;jzpfonf/

EVENTS

30

Myanmar Business Today

mmbiztoday.com

November 5-11, 2015

Business Executives Provide

Yoma Bank With Insights

Executives from the TMS Academy present their findings to Yoma Bank.

Daw Sandra Min, Yoma Banks Head of Corporate Banking, addresses the audience during at the start of the presentation.

Hal Bosher, Yoma Banks Special Advisor to the Chairman and CEO, addresses the audience during final remarks.

Bangkok International
Fashion Fair Roadshow
An international fashion and later fair came to Yangon at the
Parkroyal Hotel. The experiences of international fashion designers, fashion gurus were shared with the ASEAN fashion
community. The event was organized by the Thai Trade Promotion Department.
Photo : Zagar

Myanmar Garment
Manufacturers Association's 2nd Annual Factory
Award Dinner

The MGMA hosted 230 guests at the Summit

Parkview Hotel Grand Ballroom from 6pm9pm on October 24th. The event included business networking, an awards ceremony and a
keynote speech by presidential economic adviser Professor Dr Aung Tun Thet.
One factory was honored with a SMART
Award for excellence in social compliance
improvements. A 2nd runner-up factory was
awarded an honorable mention for excellent
practices in employee contracts and workplace conditions.

Representatives from MoLES, UMFCCI President, President Economic Advisor Prof. Dr Aung Tun Thet, representatives from MGMA and Award Winners pose for a photo.

U Win Aung, President of UMFCCI is presenting the SMART Award 2015

to Myanmar Ha Hae.

U Myint Soe, Chairman of MGMA presenting an "Honorable Mention" to Prosperity Knitwear Co.,Ltd,

EVENTS

31

Myanmar Business Today

mmbiztoday.com

November 5-11, 2015

Sasin Royal Thai Government

Scholarships Announced
Sasin Graduate Institute of Business Administration is accepting applications for the academic
year 2016. Eight scholarships will be awarded to
applicants in four ASEAN countries; Cambodia,
Laos, Myanmar, and Vietnam. The scholarships include tuition, accommodation, health insurance, a
monthly allowance, living expenses, and round-trip
airfare.

Thai ambassador to Myanmar Pisanu Suvanajata speaks at the event.

Delegates hold a panel discussion.

Delegates pose for a photo.

A delegate speaks at the event.

Myanwater and Myanlab 2015

The international water and wastewater technology shoe and laboratory and instrumentation show
were held in Yangon and showcased technologies
from Japan, India, Malaysia, Taiwan, Singapore,
Australia, USA, Germany and Thailand. The exhibition was organized by AMB events.

Photo : Zin Thu Tun

TRAVEL & LEISURE

November 5-11, 2015

32

Myanmar Business Today

mmbiztoday.com

Philippine Jeepneys: Art on Wheels

Tom Hall

s ubiquitous to Manila
as the black cab is to
London or the yellow
taxi is to New York, 'jeepneys'
are the Philippines' most iconic
mode of transport. The noisy,
colorfully decorated vehicles,

sometimes equipped with speFLDOKRUQVRUERRPER[HVUVW

hit the roads in the early 1950s
and were built from US military jeeps left behind after the
Second World War ended.Take
a look at how these unique mobile masterpieces are created.
Bloomberg

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