myanmar business today - vol 2, issue 8

February 20-26, 2014Myanmar Business Today

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mmbiztoday.com February 20-26, 2014 | Vol 2, Issue 8MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL

Myanmar Summary

Myanmar Summary

Contd. P 6...

Myanma Airways Signs Nearly $1-b Aircraft Leasing Deal

State-owned My-anma Airways has agreed to lease 10

new Boeing 737 jets from the world’s biggest leasing company GE Capital Avi-ation Services (GECAS), marking the largest single

mar.Myanma Airways (MA),

aisle jets, according to a joint statement from the

GECAS, the commercial aircraft-leasing arm of US-based General Elec-tric Co, said the deal had a list price of $960 million and the aircraft will be delivered through 2020.

livered in June 2015 and

by GECAS.Leasing companies rent

change for a monthly fee. Each 737 aircraft is worth about $90 million at list prices when ordered di-rectly from planemaker Boeing.

Kyaw Min MA will work with GE-CAS to develop and up-

markets in the region, of-

ways told a news confer-ence on the sidelines of 2014 Singapore Air Show.

“Myanma Airways, which has suspended in-ternational operations since 1993, is now going to re-enter the international market with the support of our good friend and partner GECAS,” Minis-ter for Transportation U Nyan Htun Aung said.

“We hope that we could become well known again to international air travel-lers.”

pand its international routes to Japan and South Korea. Currently, its only

dhist pilgrim destination Gaya in India.

“We are delighted to work with GECAS to de-velop and upgrade our

routes into key markets in the region,” said Captain

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Germany Waives Half a Billion Euro of Myanmar’s Debt

Germany has signed an agreement to slash more than

half a billion euro in debt owed by Myanmar, in line with a debt forgiveness agreement the Southeast Asian nation made a year ago with the Paris Club, a group of creditor coun-tries.

The agreement was signed on February 10 in Myanmar’s capital Nay Pyi Taw, during a state

Phyu Thit Lwin visit by German President

by a German head of state in 26 years, state-run me-dia reported.

The remaining debt of €542 million ($741 mil-

paid with a three percent interest within a period of 15 years, according to the agreement.

Myanmar negotiated the deal a year ago with

German President Joachim Gauck gives a speech at Yangon University.

Soe Z

eya Tun/Reuters

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2LOCAL BIZ

MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL

Board of EditorsEditor-in-Chief - Sherpa Hossainy

Editor-in-Charge - Wai Linn Kyaw

Reporters & WritersSherpa Hossainy, Kyaw Min,

Phyu Thit Lwin, Htet Aung,

Su Su, Aye Myat, Daisuke Lon, Yasumasa Hisada

Art & DesignZarni Min Naing (Circle)

Naing Zaw Linn

DTPMay Su Hlaing

TranslatorsShein Thu Aung, Phyu Maung

AdvertisingSeint Seint Aye, Moe Hsann Pann, Htet Wai Yan

Advertising Hotline - 09 420 237 625, 09 4211 567 05,

09 31 450 345

Managing DirectorPrasert Lekavanichkajorn

[email protected]

EmailEditor-in-Chief - [email protected]

Editor-in-Charge - [email protected]

Advertising - [email protected]

Designer - [email protected]

PhoneEditor - 09 42 110 8150

Designer - 09 7310 5793

PublisherU Myo Oo (04622)

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

South Okkalapa Township, Yangon.

Tel: 951-850 0763,

Fax: 951-8603288 ext: 007

Shwe Naing Ngan Printing (04193)

Printing

Subscription & CirculationAung Khin Sint - [email protected]

09 20 435 59

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09 4210 855 11

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Parliament calls for nuclear energy to cope with chronic power shortage

ment last week urged the government to generate nu-

out the country, local media reported.

The Myanmar government will announce the win-

blocks this month, a senior Energy Ministry has said. “'We are nearly at 100 percent evaluation of the 2013

in February,”' Win Maw, the deputy director general of

with the bid winners could take months before they are

Myanmar imports 90pc of medicine require-ments

Myanmar has to import 90 percent of the medicine required for its population of over 60 million, the Kum-

tor has shown interest in manufacturing medicines in the country.

Marubeni Corp plans to build fertiliser fac-tory in Myanmar

cluding construction of a chemical fertiliser factory, local media reported. A team led by Tetsuro Terasaka,

Yangon, reportedly met with Win Tun, union minis-ter for Environmental Conservation and Forestry, and

Investment and Company Administration, in Nay Pyi Taw recently.

graded with aid from India and will produce 92 Ron (unleaded gasoline), a Myanma Petrochemical Enter-prise source was quoted as saying in local media. My-

yarkan – Thanlyin and Chauk.

Myanmar to send workers to Taiwan

permitting Myanmar workers to move to Taiwan’s manu-

cials from the Federation of Myanmar Overseas Employ-ment Agencies. If all goes well, workers from Myanmar will be sent to Taiwan after May, the report added.

Myanmar to import minicars through border gates

Myanmar will soon allow imports of minicars, which have less than 1,000cc engine power, through border gates, local media reported Commerce Minister Win Myint as saying in Tamu Town, on Indian Border, re-cently.

GIZ to assist Myanmar banksThe German Agency for International Cooperation

(GIZ) will assist three Myanmar private banks in terms

small and medium-sized enterprises. Under the gov-ernment to government aid program, GIZ will provide

Bank. The aid program will run from March 2014 to September 2015.

India, Myanmar, Thailand road project at feasibility stage

A feasibility report is being prepared for the proposed highway to connect India with neighbouring Myanmar and Thailand, an Indian minister said. “Presently, pro-jects are at feasibility-report stage,” Minister of State for Road, Transport and Highways, Sarvey Sathyanaraya-na, told the Indian parliament, Indian media reported. “India agreed to undertake upgradation of the Kalewa-Yagyi section of trilateral highway and construction of 71 bridges in the Tamu-Kalea section,” Sathyanarayana said.

Business News in Brief

Myanmar Summary


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3LOCAL BIZ

Myanmar Summary

APR Energy Clinches Myanmar Power Contract

US-based APR Energy has landed a contract to build a “fast-track”

100-megawatt power plant in upper Myanmar, becoming the

a power generation agreement with the government since the lifting of sanctions in 2013.

The facility will provide the Myanmar Electric Power Enter-prise (MEPE) with a “guaran-

(MW) of power generation, with plant capacity to deliver up to 100MW,” APR Energy said in a statement.

“The products we have are ideally suited to the needs of Myanmar’s power market. We plan to work with the ministry to provide solutions for fur-ther power needs within the country,” Clive Turton, APR Energy’s head of business de-

Myanmar Business Today in a phone interview.

Based in Kyaukse in Man-dalay region, the plant will be run by natural gas, supplied through the Chinese-built Shwe gas pipeline, which runs from Myanmar’s Rakhine state to China’s Yunan province.

“The key deliverable of APR is ... to deliver gas power genera-tors in a very short time. Myan-mar is unique in that sense that it has indigenous gas that can be used for power generation,” Turton said.

The company said the plant

Sherpa Hossainy will be “one of the largest ther-mal plants in the country and will provide power to more than

try where about 70 percent of the population has no access to electricity, according to the World Bank.

The contract, which is on a rental basis, is due to start in the second quarter of 2014 and

late 2015, Turton said, declin-ing to mention how much in-vestment APR will make to in-stall the power plant.

Turton said: “From APR’s point of view Myanmar is a key market. We are very keen to develop our businesses in the market and we will be looking forward to making a lot of in-vestments in this country in this particular sector.

“There’s a growing demand for more power in the country

So, we are looking at more po-tential projects and we believe that our products are ideal to address the demand.”

APR said its turnkey plant, featuring mobile gas power modules (GPMs), will be “one of the cleanest power genera-tion solutions in Myanmar and

vestment” in the infrastructure of the country.

“APR Energy will provide a bridging solution for the me-dium term while the country develops its long-term power generation infrastructure,” the company said in a release.

The power solutions provider said it won the contract due to its ability “to deliver to a very challenging timeframe, as well

power generation technology.” “We are delighted to have won

this contract, based on our abil-ity to optimise the use of natural

John Campion, APR Energy’s

“This contract will create one of the biggest thermal plants in the country ... Together with our

recent installation of 130MW of new power generation in Indo-nesia, the Myanmar project is a

tion we are seeing in the Asia

Malaysia hub and Singapore

bassador to Myanmar, said in a statement that doing business in an emerging market econo-my “does not come without its challenges, including the need to implement key economic reform policies, address infra-structure challenges, and make

try’s economic potential.”

perience and commitment to principled and transparent ap-proaches, will make a tangible

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An APR Energy project site in Peru.

AP

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Myanmar Uses Int’l Gold Standard for The First Time

Mnounced last week that

use international measurement standards to issue gold bars, adding that the change will fur-ther open their country’s gold market to the outside world.

Myanmar will start selling gold with 99.99 percent purity in the international unit, gram, instead of local unit "tical".

Myanmar is awash in a variety of minerals but has kept itself relatively closed to the global gold market as it was using dif-

fying standards as well as local measurement units. The coun-

Feng Xin try also restricted how much gold foreigners could buy.

“Only after people in Myan-mar become familiar with and understand such a standard, can the gold produced in Myan-mar be sold in the international market. After a period of pro-motion, more than 60 million Myanmar people will be able to use the standard, and then we can adapt and enter the inter-national market,” said U Khin Maung Han of Myanmar Fed-eration of Mining Association.

ban on selected minerals such as gold won’t happen in just one day, though. A 1994 law re-


Myanmar Summary

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mmbiztoday.comLOCAL BIZ 4

Gas Pipeline Has No Environmental

There would be no envi-ronmental impacts of the natural gas pipelines in

Myanmar, a high ranking en-

Aung Htoo made the remarks at the ongoing session of the par-liament’s Lower House in Nay Pyi Taw recently in response to a question about public safety concern over possible leak of the natural gas pipelines laid in the country.

“Supervisory control and data

Htet Aungstalled to tackle the possible leak problem as quick as possi-ble,” he told the parliament.

With foreign investment, sev-eral natural gas pipelines has been laid and are being laid in Myanmar including Myanmar-Thai and Myanmar-China gas pipelines as well as domestic ones.

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Myanmar’s Border Trade Hits $4b in 10 MonthsAye Myat

Myanmar’s border trade hit $4.01 billion in

(April-January) in the current

Myanmar’s border trade is done through 14 points with four neighbouring countries – China, Thailand, Bangladesh and India.

Myanmar’s largest border trade point with China, Muse, accounted for $3.12 billion dur-ing the same period, accounting for more than 77 percent of the total border trade volume.

Lewjie, Chin Shwe Haw and Kanbiketee stand are the other trade points with China, while Tachileik, Myawady, Kaw-thaung, Myeik, Nabule, Htikhee and Mawtaung are with Thai-land, Sittway and Maungtaw are with Bangladesh and Tamu and Reed border points are

with India.According to official statis-

tics, as of September 2013,

Myanmar Summary

People protest against the Chinese gas pipeline in Myanmar.

Shw

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and import accounted for A Thai-Myanmar border checkpoint.

File

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Myanmar Summary


Building Trust: Redemption for China’s Wanbao Mining

Wang Xinyuan

Through a com-bination of land compensation and

corporate social respon-sibility activities, the op-erator of one of China’s largest investments in Myanmar hopes to re-commence operations after a year’s delays and wrangling.

at the Yangon branch of Wanbao Mining, the Chi-nese State-owned com-pany that operates the Letpadaung copper mine, wrote in an e-mail to the Global Times that the

subsidies ranging from K300,000 to 1.2 million ($300-$1,200) for an acre of land to farmers who make way for the project, based on the instructions of the Myanmar govern-ment.

This is the company’s

With joint investment from Wanbao’s partner the Myanmar military-backed Union of Myan-mar Economic Holdings Ltd (UMEHL), the project requires relocating 442 households from four vil-lages with land compen-sation for residents of 26 villages.

Wanbao Mining has previously assisted in re-locating people to new villages, rebuilt a monas-tery and roads, funded a

hospital and four kinder-gartens. Boasting inter-national standards of en-vironmental protection,

2,000 jobs to villagers.-

ers K550,000 ($550) in 2011 for an acre of land, and paid additional sub-sidies between K700,000 and 1.25 million for an acre in June 2013.

About 40 percent of vil-lagers refused compensa-tion, the company said.

“Even though the pro-ject has resumed, we have no way to proceed due to the land issue,” said Zhuang Yongquan, an engineer at Myanmar Wanbao Mining Copper, standing atop a red rock mountain and pointing across plains dotted with trees and farmland.

With an annual capacity of 100,000 tonnes of cath-ode copper on a planned

square kilometres), the mine is located in the Mo-nywa copper mining area of northern Myanmar’s Sagaing region, about three hours’ drive west of Mandalay, the country’s second-largest city.

U Hla Tun, minister

who also chairs the im-plementation committee working for the govern-ment’s Letpadaung in-vestigation commission, told the Global Times that the committee had raised

compensation.“With increased com-

pensation, I think there’s a greater possibility that villagers will take it,” he said.

The company and the -

the livelihood of villagers, Hla Tun said.

“Before Wanbao’s dona-tion, villagers had neither water nor electricity, but now the company and the government have helped fund power and water

and villagers really appre-ciate it,” he said.

“I feel that the villag-ers will trust us more as time passes. We believe strengthened communi-cation will make the situ-ation better over a period

of time.”

Social responsibilityThe former Myanmar

military junta approved the Letpadaung project in 2010, with a total invest-ment of $1.07 billion.

Myanmar then began making its transition from military rule to a quasi-civilian democracy led by President Thein

March 2011.In November 2012 the

project was halted by demonstrations of villag-ers supported by activ-ists and some opposition parties, protesting inad-equate compensation and potential environmental damage.

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Myanmar pro-democracy Leader Aung San Suu Kyi comforts a woman at a village in Sarlingyi township. People whose land was seized to allow the expansion of the copper mine in northwestern Myanmar prompted protests that were crushed by police last year.

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Myanmar Summary

Than Tun, Myanma Air-

“Our collaboration with a leading multinational US company like GE will

economy of Myanmar.”

Myanma Airways cur-rently connects major local destinations in My-anmar using 12 aircraft. GECAS currently leases two Embraer E190 air-craft to MA. The airline

last year, compared with 230,000 in 2010.

MA currently operates the smaller Beechcraft and Cessna plans, as well

ATR turboprops.“We are pleased at GE

to work with Myanma Airways to provide new, state-of-the-art Boeing aircraft,” said Norman CT Liu, president and CEO of GECAS. “This is an im-portant milestone for the

airline and for the devel-opment of Myanmar’s aviation industry.”

-bassador to Myanmar, reportedly described the agreement as the “largest commercial sale” by a US company to Myanmar in

decades.“It is an important mo-

ment for both our coun-tries and I assume it will be

-ments among American businesses and Myanmar.”

Mitchell has been a strong supporter of GE’s

Myanmar market. In ad-dition, GECAS’ AviaSolu-tions consulting business has signed a memoran-dum of understanding with the airline and will work with its senior man-agement to develop a

strategic growth plan for the airline with a focus on route and network devel-opment.

over 1,620 owned and serviced aircraft with over 230 airlines.

After years of isolation, Myanmar is seen as one of the last frontiers for aviation in Asia, with pas-senger numbers surging as new airlines spring up and foreign carriers rush in.

However, there are concerns about the lack of infrastructure and the

safety record.Myanma Airways

grounded its three Chi-

in 2012 after two of the turboprop aircraft suf-fered accidents on land-ing within a month.

Japan’s biggest airline All Nippon Airways last year bought a 49 percent stake in Myanmar’s Asian Wings Airways.

the Paris Club, and Gauck said Germany could go ahead with its part of the deal after meeting Presi-dent Thein Sein.

“A sustainable agree-ment has been reached allowing Germany to for-give half a billion euro of debt,” Gauck said in a speech at the University of Yangon.

Myanmar’s government said it had met the Paris Club on Januasry 25, and member countries had agreed to cancel half of the arrears Myanmar owed them in two stages, rescheduling the rest over 15 years, with seven years’ grace.

Myanmar accumulated

debt during the socialist regime of the late Gen-eral Ne Win from 1962

under the military junta

Last year, Japan agreed to provide a bridge loan to Myanmar to cover outstanding debt to the World Bank and the

totalling about $900 mil-lion. Norway cancelled all the $534 million owed to it, while Japan cancelled more than $3 billion, adding up to $6 billion, more than 60 percent of the total debt, the govern-ment said.

Following his meeting with U Thein Sein, Gauck

met Parliament and Low-er House Speaker U Shwe Mann and opposition leader and Chairperson of National League for

Aung San Suu Kyi. He also inaugurated the Goe-the Institute on February 11 in Yangon.

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Aye Myat

Th a i l a n d - b a s e d Muang Thai Life Assurance Plc be-

-surer to win a permit to set up a representative

boasts a large population and a booming economy.

Myanmar authorities granted the company a permit last month, mak-

insurer to set foot in the country.

more than 50 years, the state-owned Myanma Insurance and the Insur-ance Business Superviso-ry Board (IBSB) has given insurance companies con-ditional approval to start operating in the country.

Twelve companies met the criteria set by the IBSB and Myanma Insur-ance.

Before the military gov-ernment nationalised many businesses in 1963, 70 local and foreign insur-ance companies had been operating in the country.

Only the government-owned Myanma Insur-ance Enterprise has since remained in business.

Of the 12 approved com-panies, three plan to of-fer life insurance, which requires paid-up capital of K6 billion ($6.09 mil-

lion). The rest planned to of-fer life and gen-eral insurance, which requires total capital of K46 billion ($53 million).

“We studied the market for a long time in p r e p a r a t i o n for the ASE-AN Economic C o m m u n i t y , which is due to begin in late 2015. And now the time is ripe to make the big move. Thanks to re-forms and abundant natural resources, the country has become the darling of foreign inves-tors. The country is also forging ahead with sev-eral large-scale projects,” said CEO and president Sara Lamsam.

She said the company is well prepared to start a

Myanmar either through a joint venture with a lo-

once it is allowed.“We will prepare our

infrastructure and build our brand in Myanmar and we will study other neighbouring countries, because we believe life in-surance will prosper from the coming of the AEC.”

Myanmar is accelerat-ing several infrastructure

projects apart from the

port and industrial estate.They include oil and

natural gas pipelines link-ing Myanmar’s port of Kyaukphyu (Sittwe) in the Bay of Bengal with Kunming in China’s Yun-nan province, the Thilawa Special Economic Zone, and the planned highway project linking the coun-try with India and China.

Besides Myanmar, Muang Thai Life is con-ducting a feasibility study to invest in other ASEAN countries such as Laos, Vietnam, Cambodia, In-donesia and the Philip-pines.

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mmbiztoday.com

7LOCAL BIZ

Myanmar Summary

German Industry and Commerce Delegation Launches in Myanmar

Kyaw Min

TGerman Industry and Commerce has

launched its operation in Myanmar in a bid to boost business and bilat-eral ties between the two countries.

funded by the Association of German Chambers of Commerce and Industry

Ministry of Economic

ment.The German Federal

President Joachim Gauck on February 11 inaugu-

gether with Win Aung, president of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), and Ludwig Georg Braun, honorary president of

“Myanmar is in a pro-cess of catching up,” said Braun. “In order to stand its ground in regional competition broad activi-

concepts for productive value chains will be key.

neurial infrastructure is essential in this respect. German companies can make a very valuable con-tribution here.”

He said Germany is the most important supply-ing country from within the European Union, but while there is room for development in bilateral trade and investment activities, he sees “huge potential for bilateral business relations” and

encouraged taking a long-term perspective.

“German products and technologies traditionally enjoy high esteem in My-anmar. And I can see that our approach based on partnership and patience is much appreciated as well,” Braun said.

He said further develop-ment of the Myanmar pri-vate sector would be an-other “worthwhile topic” for bilateral dialogue.

“The whole of Asia en-

ductive SME structures. Their success relies on the close cooperation with the big multinational corpo-rations and a consequent focus on competition based free enterprise sys-tem. In Myanmar as well this concept might be a good basis for sustainable development.”

Monika Staerk, who has been following de-velopments in Myanmar and supported German business activities since 2003, will head the Ger-man Chamber operation

Industry and Commerce.The launching took

place during a bilateral a business forum with more than 150 German business representatives attending in the UMFCCI headquarters.

“German businesses want to support and participate in economic growth potentials, based on Myanmar’s geostrate-gic position and its wealth in natural resources. For these potentials to de-ploy, infrastructure and energy supply will need to be developed further

with German business be-ing in a good position to make sustainable contri-

said in a statement.The forum was also

attended by Brigitte Zypries, state secretary, Federal Ministry for Eco-

and U Soe Thein, union

minister for the Presi-

Zypries said she will “personally push for an investment protection deal between the Europe-an Union and Myanmar” in a bid to attract more foreign investors to the formerly-reclusive South-

ing the legal framework and forming strong un-ions are necessary for Myanmar’s economic de-velopment, she added.

later issued a joint state-

willingness to intensify dialogue and coopera-tion through further busi-ness forums and targeted platforms for business to

The statement said that both sides will continue to “jointly work on promot-ing and further develop-ing the spirit of partner-ship and trust, aiming at

Both sides were aware that promoting foreign direct investment will

be a key for economic development and social stability in Myanmar, the statement said, add-ing that development of infrastructure and power supply will be a prerequi-site for this.

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India Needs to Pay Close Attention to Myanmar Trade

AK Ramdas

Myanmar and India are neighbours, and have a 1,640 kilometre long

border with Myanmar along with India’s eastern states, with Mizoram being the closest to them. As against this, Pakistan

-der.

India’s relations with My-anmar have had their ups and downs and presently, the atmos-phere is improving, thankfully, for the better. China, on the other hand, is fully entrenched in Myanmar, and has booming trade relations with them. India need to make its presence felt in as many areas as possible, and its current trade with Myanmar

be increased.In the recent times, not long

Myanmar closed its land bor-der at International Gate Nos I & II with India and there was an organised rally where local people claimed that India was not honouring its international boundary. As usual, it had to be handled with care by the Union Home Minister.

India’s trade and related pro-ject developments in Myanmar have been slow but this could have been increased manifold, if only the Indian government had regularly sponsored trade delegations and had held India international trade fairs in that country. Indians would rather take a holiday to other parts in the near east, but shudder to think of Yangon to visit.

Trade development can take

place when India has regular ships sailing between the two countries. At present, only when there are ship loads available,

-gon. Myanmar has three ports

TEUs (twenty feet equiva-lent units) annually. But India doesn’t have a regular container vessel to carry its cargo.

-pears now, that the Shipping Corporation of India (SCI), a government undertaking, has volunteered to make available a vessel that can carry 1500 TEUs provided the Union govern-ment can give them a subsidy

-nually! If there are regular sail-ings, there is no doubt that this can increase to 36,000 TEUs over a period of time. Shipping Corp’s container vessel, if made available, under this condition, can cover Chennai, Yangoon and Colombo; and if there is ad-equate cargo, they can berth at Krishnapatnam also.

The point at stake is, should the government accede to their demand and give them an an-nual subsidy of Rs30 crore? SCI has made this demand, as they are already a loss making con-cern, and if regular cargo was not available to the above ports, their loss will only mount. In-dia’s stake in Myanmar is too important and large; the gov-ernment must not dilly-dally

willingness to subsidise the sailings to Yangon and back. In fact, they could include other ports such as Sittwe also, which

has no objection.Right now, Essar Projects Ltd,

a construction contractor from

cum-inland waterway” and is building the Sittwe port and a jetty at Paletwa, besides being

of the river Kaladan, between these two points, to make it more navigable than it is today. Essar hopes to complete this project by June this year, and

-sels.

What’s important to note is that from the jetty at Paletwa, Mizoram border is only 109.2kms away, though another 250km highway would be need-

ed to connect it to Aizwal, the capital. It is imperative that no time is lost in calling for tenders to build this. No purpose will be really achieved if there is no road communication, of inter-national standard, to transport the goods either way. Many of the Myanmar highways have been built by the Chinese.

Myanmar, Bangladesh and Sri Lanka are important and close friends for India, who have to be handled with care. There can be great trade among all the three. As India now discusses the is-sues with Myanmar, which has

it must move seriously in public relations campaigns in all the three countries; and promote trade by conducting fairs that can display products and ser-vices.

India must remember that China is breathing down its neck in Myanmar, all because it has so far neglected to take seri-ous interest in this country.

AK Ramdas has worked with the Engineering Export Pro-motion Council of India’s Min-istry of Commerce. He was also associated with various committees of the Council. His international career took him to places like Beirut, Kuwait and Dubai at a time when these were small trading outposts; and later to the US.

Myanmar SummaryjrefrmEdkifiHESif htdEd,EdkifiHwdkYonf tdrfeD;

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bridge at the border town of Moreh, in the northeastern Indian state of Manipur.

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Myanmar: Transactions After The Log Export Ban

Htet Aung

Mban is set to begin im-mediately as the 2014-

will be midnight on the March 31. It is understood that at this time all loading of logs bound

Myanmar Timber Enterprise (MTE) issued a statement on

-cedures recently.

-ment for log shipments must be

of vessels must be concluded before March 31, the statement said.

Buyers having outstanding balances on purchase contracts may conclude purchases at con-tracted FOB prices provided the logs are processed inside the country. In this case payments are to be made in full before June 30.

From July 1, all remaining un--

isting contracts will become the property of the MTE and sold by open tender, MTE said.

The Enterprise said after March 31 industrial raw logs will be sold by open tender to sawmills and factories operat-ing under Myanmar Investment

Myanmar Summary

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Zlvdkifv 1 &ufaeYrwdkifcif tNyD;owf raqmif&GufEdkifygu rwifydkY&ao;aom



Myanmar Summary


Myanmar Smugglers Get Rich on Yingluck’s £13 Billion Rice Subsidies

A populist subsidy on rice by Thailand’s ruling party is enabling smugglers from neighbouring Myanmar to make a quick buck at

the expense of Thai taxpayers

David Eimer

For the rice smugglers of Myawaddy, business has never been better.

A scrappy, dusty Burmese border town, Myawaddy has long been notorious as an illicit trading hub for drugs, guns and precious gems.

Now, Myawaddy has become

a more nutritious but scarcely

smugglers take advantage of the substantially higher grain

Thailand.In Myawaddy, 50 kilos of rice

sells for £16. But in Thailand, the same amount is worth £30, a consequence of the ruling Pheu Thai Party’s controversial subsidies to the rice farmers who make up much of its sup-port base.

Known as the “rice-pledging scheme”, the populist policy has cost the government more than £13 billion, prompting the IMF to warn that the scheme is un-dermining the economy.

But the rice subsidies are also a huge source of anger among the largely middle-class anti-government protesters who have taken to the streets of Bangkok to try and topple Prime Minister Yingluck Shi-nawatra and her Pheu Thai par-ty from power.

They allege that not only has -

dered to buy votes for Pheu Thai, but that millions has dis-appeared into the pockets of the

-ing the scheme.

Last month, Thailand’s Na-tional Anti-Corruption Com-mission (NACC) announced a probe into the rice-pledging policy, only adding to the pres-sure Yingluck is under.

The prime minister was forced to call a snap election that took place on February 2

– which was boycotted and la-belled as illegitimate by the op-position – in a failed attempt to end the political crisis gripping Thailand. Results are yet to be announced. Yingluck’s role as head of the national rice com-mittee means she could face criminal charges arising from the NACC’s investigation.

The commission is ready to charge 15 other people, includ-ing a former commerce minis-ter, with corruption linked to the rice programme, spokes-man Vicha Mahakun told a news conference.

This month, China ditched a huge rice deal to buy 1.2 million tonnes of rice from Thailand,

-tainty over its agricultural sec-tor.

While the subsidies have played a major part in causing

the policy has resulted in huge gains.

Boats loaded with what the

smugglers coyly describe as “chicken feed” travel daily across the narrow stretch of the Moei River that separates Myawaddy in Burma from the neighbouring Thai town of Mae Sot.

On the outskirts of Myawad-dy, The Telegraph watched as lorries pulled into a compound close to the river bank guarded by Burmese soldiers. Sacks of rice were swiftly unloaded and transferred to waiting boats.

“We started sending ‘chicken feed’ to Thailand in big quanti-ties a couple of years ago,” said

-diers. “It’s transported mostly at night. Generally, we’ll send 100 sacks at a time.

“Each sack is 50 kilos.”Some enterprising individu-

als sling sacks of rice on their backs and simply wade across the Moei River.

It is the equivalent of smug-gling tea into China, or opium to Afghanistan, because until 2012 Thailand was the world’s

That began to change follow-ing the government’s decision in October 2011 to pay almost double the market price for rice to farmers. The policy was con-ceived as a reward for the rural voters who make up much of the ruling party’s power base.

But it was also a highly am-bitious attempt to corner the global market in rice, with the government gambling on stock-piling vast amounts of grain it

The scheme, though, has in-

fashion. A worldwide slump in rice prices means that the gov-ernment has spent almost £13.5 billion buying rice it is unable

tons – of unsold grain, nearly as much as the country produces in a year.

Meanwhile India and Viet-nam have now overtaken Thai-land as the world’s leading rice

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Workers at the Udon Permsin rice mill pile up sacks full of rice to for storage in the northeast province of Udon Thani, Thai-land.

Nir E

lias/Reuters



And with prices for rice far higher than in neighbouring countries, up to 750,000 tons of rice is being smuggled into Thailand annually, where it

grain so that it can be sold to

price.“The government is running

-ble from the scheme,” said

-velopment Research Institute who has made a study of the subsidy policy.

“Rice isn’t like wine; you can’t keep it forever. The longer the government stockpiles it, the more it will depreciate in value.” With the average sal-ary in Myawaddy just £2.50 a day, there is plenty of incentive for people to smuggle rice: a 42-year-old smuggler, who gave his name as “Brother Tone” said he could earn up to £60 a day, almost 25 times as much.

Nor do the smugglers have to worry about getting caught. “As long as you have permission from the army and pay the right people, it’s no problem. No one goes to prison for this in Bur-ma,” said Tone.

is a near impossible task for the Thai authorities. “We have

miles of the border,” said Supa-chai Sasomboon, deputy direc-tor of the Mae Sot customs post. “So it’s very hard to police the border.”

Thailand’s economy is now under mounting pressure from

grain and the spiralling costs of the rice-pledging scheme itself.

The credit agency Moody’s has already warned that it could lead to Thailand’s rating being downgraded.

Worse still for Yingluck, the

policy has come to symbolise what the anti-government pro-testers regard as Pheu Thai’s abuse of power.

“People see rice-smuggling

-

The Telegraph

Bangladeshi PM to Attend BIMSTEC Summit in Myanmar

Bangladeshi Prime Minis-

to Myanmar on March 1 to attend the third Bay of Ben-gal Initiative for Multi-sectoral Technical and Economic Coop-eration (BIMSTEC) Summit to be hosted by Myanmar, sources

The seven-nation economic forum groups Bangladesh, My-anmar, India, Thailand, Nepal, Bhutan and Afghanistan and the summit is slated for March 1-4 in Nay Pyi Taw.

The sources said Sheikh Hasi-na will hold a meeting with In-dian Prime Minister Manmo-han Singh on the sidelines of the summit.

The group earlier decided that

of the economic forum.

Hasina to a foreign country af-ter she became Prime Minister for the third time after winning the parliamentary election on January 5 this year.

The First and Second BIM-STEC Summits were held in Thailand in 2004 and India in

-STEC Chair in 2009. Xinhua

Myanmar Summary

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2C2P Launches POS Service with Visa and MasterCard

Su Su

2C2P, a Singapore-based payment solutions pro-vider, launched a complete

point of sale (POS) service in Myanmar in partnership with local bank Myanmar Citizens Bank (MCB).

The service enables merchants in Myanmar to accept major in-

ternational payment cards from both Visa and MasterCard.

The POS system will also come with online real time reports, slips with merchant logos, and pre-authorisation for call centre sales, the company said.

Such services are still new in -

troduced a POS service to the country in March of last year

by partnering with local banks.

service in Myanmar at around the same time.

The company’s move was hinted at when the founder and group CEO shared with Tech in Asia that the company had raised $2 million in Series B



Myanmar Summary

British Professor with The Same Name As A Myanmar Heroin Kingpin: Banks Keep Getting Confused

Jamila Trindle

The US sanctions black-list is meant to stop ter-rorists, drug lords, and

weapons traders from getting access to their money. Unfortu-nately, it also ensnares a lot of people who just happen to have the same name as one of those alleged criminals. Professor Stephen Law, who shares the name of a prominent Burmese heroin dealer, has discovered

The British Stephen Law is a soft-spoken professor at the University of London where he has taught philosophy for 17 years and plays the drums in a

He’s also the author of books like “Believing Bullshit: How Not to Get Sucked Into an Intellectual Black Hole.” The Burmese one is a wealthy drug kingpin who was sanctioned by the Treasury

in 2010 because of his ties to the country’s ruling junta. Treasury

Asia World, received lucrative government construction con-tracts because of his close ties to the regime. The second Law uses several aliases and is be-lieved to split his time between Myanmar and Singapore.

The two Laws have little in

and the fact that it appears on -

tions list has hit each of them hard. The British Law said that bank transfers from Eu-rope take weeks to get to him and that packages from abroad often fail to arrive. When an American friend sent him a drum, it was held up at customs

and then sent back to the Unit-ed States. When he asked his bank why a travel reimburse-ment from Austria was held up, they wouldn’t tell him.

“I’ve been having these prob-lems for years but I never un-derstood what it was or why it was happening to me,” Law said.

Law, who describes himself as a “fairly well-known atheist

-ligious views might have some-how landed him in hot water. But then someone on Twitter

-partment list, which includes the name Stephen Law.

Law recently wrote a letter

complaining about his prob-lems accessing his own money or receiving gifts from abroad, but the department has yet to respond or take steps to ensure he isn’t confused with the Bur-mese Law.

The British Law’s troubles are the inadvertent byproducts of the US government’s ongo-

kingpins, war criminals, and nuclear weapons proliferators

-cial system. Washington uses targeted sanctions to single out individuals and companies and make it illegal for US banks and companies to interact with them. While broad trade em-bargoes against countries like Cuba haven’t worked, freez-ing the assets of individuals has proven a successful tool for pressuring them into doing what the US government wants, whether that’s ending support for terrorists or giving up ties to

-ment adds a new name to the list, it issues a press release that includes their reason for the new designation. Banks and companies are responsible for making sure they don’t do busi-ness with the sanctioned per-

-ment raked in $137 million for sanctions violations in 2013 –

cautious about handling trans-actions for people whose names are at all similar to those on the list. Most major banks check transactions against rosters maintained by outside compa-nies like Thomson Reuters. If a name is too similar to those on the sanctions list, the trans-actions will be held up while banks methodically check the person’s address and birthdate to make sure they’re not aiding an alleged wrongdoer.

comment on Law’s case, but a spokeswoman said they “always

endeavour to make public all -

mation – including addresses, dates of birth, places of birth, and passport numbers, among other information.” Law, for his part, has taken to the Internet

“This has proved frustrating, time-consuming and also costly to me personally,” Law wrote in a blog post. It’s incredibly sub-tle title: “How the US Treasury imposes sanctions on me and every other ‘Stephen Law’ on the planet.” FP

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Photo Illustration by F

P



The demonstrations eventually led to a police crackdown, injuries to villagers and monks, and prompted the govern-ment to set up a commis-sion led by an opposition party leader to investigate the project’s feasibility.

In March 2013 an in-vestigation by the com-mission supported con-tinuation of the project provided investors made necessary improvements.

In July 2013, a new contract was signed with

revised from 4:45:51 be-tween the Myanmar state company Myanmar Min-ing Enterprise, UMEHL and Wanbao to 51:19:30.

Under the new contract, Wanbao will also invest $2 million annually for mine reclamation and invest $1 million in cor-porate social responsibil-ity (CSR) activities before beginning production. In addition, all investors will allocate 2 percent of their

throughout the project.China is the largest in-

vestor mostly in hydro-

power, mining and gas and oil projects in its impoverished Southeast Asian neighbour which

of economic stagnation, corruption and sanctions.

Chinese companies lead actual investment in My-anmar with $14.12 billion, or nearly 42 percent of the total $33.67 billion, from

the Myanmar Investment Commission.

Myanmar people often fear the big investment projects, rooted in Myan-mar’s military past, that

resources more for the

than for its local resi-dents.

The Letpadaung copper mine is not the only pro-

In September 2011, My-anmar President Thein Sein ordered suspension of the $3.6 billion Myit-sone Hydropower Project in upstream Ayeyawady River as a result of op-position from residents. That project was backed by China Power Invest-ment.

Following suspension of the project, Myanmar witnessed a sharp fall in its foreign direct invest-ment as Chinese investors feared political uncer-tainty might cause heavy losses.

Investor pulloutChinese investment in

Myanmar plunged from

11 to $407 million in the

Chinese investment failed to make up the shortfall, threatening Myanmar’s economic development.

Chinese companies tend to speak to the big

that worked well under the Myanmar military junta, said Li Zuqing, a Myanmar-based ethnic Chinese and dean of the Mandalay-based Fuqing Computer and Language School, “but that no long-er works nowadays [as people demand democ-racy and transparency].”

The Chinese company’s

are little known by the Myanmar general pub-lic as they do not have a

spokesperson and it is hard for local media to speak to the company, May Thingyan Hein, CEO of Myit Ma Kha News Agency, told the Global Times.

She believes that Wan-bao lacks transparency and should publish its compensation standards so that the media can su-pervise its allocation and distribution among the people.

A group of villagers who are also newly recruited workers at an orienta-tion training for Wanbao told the Global Times that they are glad of a job, and hope the project can start production soon so that they can get higher pay.

Some countrymen are

plot of land as it is the only heritage they can pass on

New workers at the company can earn about $1,200 in annual sal-ary, which compares with $3,000-$5,000 an-nual income a household can make farming, said U Than Lwim Lwim, a 36-year-old villager.

He said he hoped to earn a $300 monthly sal-ary as a skilled worker at the company in the fu-ture. GT

SilkAir to Fly Singapore-Mandalay RouteSilkAir, the regional wing

of Singapore Airlines, an-nounced that it will launch

its services in Yangon-Manda-lay route in a bid to increase its network of 47 destinations in

Subject to applicable ap-

Mandalay and Yangon, Myan-mar, from June 10, the compa-ny said. It will also launch three

-pines through circular-routing

Mandalay will be the airline’s second destination in Myanmar after Yangon, while Kalibo will be SilkAir’s third destination in the Philippines after Cebu and

Htet AungThe services will be operated

with Airbus A319 and A320 air-craft, featuring both Business and Economy Class cabins, SilkAir said.

Kalibo and Mandalay to our

they will be well-received,” said

Thng.“As the regional wing of Sin-

gapore Airlines, SilkAir plays

Airlines Group network by seeding and developing emerg-ing destinations,” he said.

The two new services will be connected via Singapore to more than 90 cities in the joint Singapore Airlines-SilkAir net-work.

Note: Singapore (SIN), Cebu (CEB), Kalibo (KLO), Yangon (RGN), Mandalay (MDL)*All timings local

The second largest city in My-anmar, Mandalay is the centre of culture and religion in the country. The city is home to the Royal Palace as well as many other attractions built during

long considered one of the world’s greatest archaeological sites, is also accessible through Mandalay.

Kalibo is the capital of Aklan province and gateway to the idyllic Boracay island in the Philippines. The island is known for its white sandy beaches and crystal clear waters.

The two new services will be introduced during the airline’s Northern Summer operating season, between March 30 and Oct 25. SilkAir is also making network adjustments during

this season, comprising capac-ity increases on several routes and reductions on others, it said.

Myanmar Summary

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pDrHudef;tm; jyefvnfaqmif&Guf cJ haomfvnf; ajr,mudpörsm; aMumifh vkyfief;xdcdkufrIrsm;&Sdae onf[k 0rfaygifowåKwGif;vkyfief; rS tif*sifeD,m Zhuang Yongquan u ajymMum;cJhonf/ pDrHudef;wGifyg0ifonfh ajr{&d,m aygif; 7877 {urS wpfESpfvQif aMu;eDyrmP rufx&pfwefcsdef 1 odef;txd xkwfvkyfEdkifrnfjzpf aMumif;vnf; od&onf/

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ajymMum;cJh onf/

pifumylavaMumif;vdkif;wpfckjzpfonfh SilkAir onf &efukef-rEÅav;av aMumif;c&D;pOftm; ysHoef;ajy;qGJrIrsm;jyKvkyfoGm;rnf[k xkwfjyefaMunmcJhNyD; tm&Sypdzdwfa'owGif; avaMumif;uGef &ufrsm;udk wdk;csJUvkyfaqmifoGm;Edkif&ef &nf&G,fí BudK;yrf;aqmif&GufoGm;rnf jzpfaMumif;vnf; od&onf/

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WM

C


mmbiztoday.comREGIONAL BIZ 13

Myanmar Summary

Myanmar Summary

Driver of GrowthSiva Govindasamy and Tim Hepher

Airbus claimed bragging rights as the Asia-Pacif-ic’s dominant aircraft

supplier last week, saying the region’s fast growing economies and rising passenger demand will continue to drive demand

The European planemaker -

cent of all new business in the -

ders. It also delivered 331 new aircraft, or over half of all new planes that entered into ser-vice with the region’s airlines, it added.

Speaking at the Singapore

from the European planemaker added that they were optimistic about more orders from the re-gion’s full-service carriers and budget airlines despite ongo-ing concerns about the health of emerging markets, many of which are located in the Asia-

“The message from me is

where the action will be for the industry in the coming years,” Fabrice Bregier, head of Airbus planemaking division, said at a news conference.

There is demand for 11,000

the 20 years to 2032, said Air--

pected to more than double to over 12,130 jets, based on av-

nearly 3,770 aircraft in service today, it added.

Growing urbanisation means

where there will also be 90 cit-ies with more than one million passengers, said the company.

China will also overtake the United States as the world’s largest domestic airline market by 2032, said Airbus sales chief John Leahy.

“There is no doubting the

market both today and in the future,” he added.

Even though airlines from the emerging markets account for an increasingly large portion of its order book, Bregier said that he is not too concerned about the current worries about that market segment.

Airbus is also looking for more partnerships with companies in the region, said Bregier.

In China, where the compa-

Tianjin for the current genera-tion of the A320 family of air-craft, he added there remains the possibility of assembling the upgraded re-engined A320neo

variant.Airbus has also been promot-

ing a “regional” variant of its A330 widebody aircraft, which it says will suit services between high-demand slot-restricted airports in countries like China.

Airbus is also on track to de--

ways by the end of 2014, said Bregier.

The company also announced that Vietnamese low-cost carri-

order for 63 A320 family of air-craft. Reuters

Microsoft Denies Global Censorship of China-Related SearchesPaul Carsten

Microsoft Corp denied last week it was omit-ting websites from its

Bing search engine results for users outside China after a Chi-nese rights group said the US

government deems politically sensitive.

GreatFire.org, a China-based freedom of speech advocacy group, said in a statement on Tuesday last week that Bing was

Chinese language search results

leader whom Beijing brands as a violence-seeking separatist, charges he denies.

Microsoft, responding to the rights group’s allegations, said a system fault had removed some search results for users outside China. The company has in the

-

soring the Chinese version of internet phone and messaging software Skype.

-tem, we triggered an incorrect

some searches noted in the re-port but the results themselves are and were unaltered outside of China,” Stefan Weitz, senior director for Bing, said in a state-ment emailed to Reuters.

Weitz did not say if the error

elaborate.Microsoft sent a shortened

version of the statement to Chi-na-based media organisations which omitted all reference to GreatFire.org and did not ad-dress the allegations.

“There were too many points in the original statement,” a China-based Microsoft spokes-woman told Reuters.

Reuters reporters found that Bing omitted several websites

that showed up on the search engine of rival Google Inc when

in Chinese from Singapore. The English-language search results on both engines were similar.

China’s ruling Communist Party sees censorship as key to maintaining its grip on power, recognising that social media

to air grievances and criticism of the government, a potential trigger for social unrest.

This censorship often means foreign internet companies must tread a careful path in

-portunities without compro-mising a carefully nurtured image as champions of open societies and free speech.

China comply with the govern-ment’s web censorship require-ments.

Microsoft has made no secret of its aim to build a bigger pres-

ence in China, a market where its software is widely used but rarely paid for.

Microsoft was criticised for censoring the Chinese version of Skype, which it ran jointly with Hong Kong-based TOM Group. In November, Microsoft said it had formed a new joint ven-ture with Guangming Founder, and advocacy group GreatFire.org said Skype in China was no longer being censored. Reuters

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Myanmar Summary

Singapore Eyes up to 40 Boeing or Airbus Jets

Singapore Airlines has be-gun weighing a potential order for dozens of wide-

body jets as it compares Boe-

Europe’s Airbus A350, three sources familiar with the mat-ter said.

The airline is looking at a po-tential order for as many as 40

-tially worth $15 billion at list prices, the sources said, asking

However, a decision is not im-minent since the airline is keen to closely study the Boeing 777-

-ments with manufacturers on a regular basis in line with our longstanding policy to maintain

spokesman for the airline said by email.

“Any discussions with manu-

however.”Asked about interest in the

Goh Choon Phong told Reuters the airline was gathering infor-mation on the aircraft as a po-tential future replacement for

He declined to discuss further

was actively involved in talks.“When there is something to

announce we will do so. We do

campaigns until there is a deci-sion,” he said.

-show in November. The largest

carry 406 passengers and enter service in 2020.

Boeing launched the latest

plane in an attempt to leapfrog Airbus’s 350-seat A350-1000.

A major customer of both jet-makers, Singapore Airlines has

and options for another 20.It can convert some of those

to the A350-1000 variant for long-haul requirements and is seen as certain to receive coun-ter-bids from Airbus to avoid or blunt any Boeing order.

Airbus and Boeing both de-clined to comment. Reuters

Bangladesh Tea Output Climbs 1.6pc to Hit Record

Ruma Paul

Bangladesh’s tea produc-tion in 2013 grew by 1.6 percent from a year ear-

lier to a record 63.5 million kg,

said, thanks to favourable weather.

The country has become a net importer of tea after rank-

-ponential increase in domestic consumption.

The record output means Bangladesh could import less this year to meet domestic con-sumption, which is rising by 4.5 percent annually, in line with steady economic growth, and stands now at around 65 mil-lion kg.

However, Bangladeshi buyers imported a large volume of tea from India in recent months, market sources said.

Tea is sold at the country’s sole auction centre, in the port city Chittagong, where most of it is picked up by domestic buy-ers.

-ed 540,000 kg of tea, down from 1.56 million kg in 2012. Paki-stan, the United Arab Emirates

and Saudi Arabia are the main importers of Bangladeshi tea. Reuters

Thai Government Admits Lack of Power to Renew Troubled Rice SchemeApornrath Phoonphongphiphat

Thailand’s caretaker gov-ernment said last week it did not have the power

to renew a rice subsidy scheme

February, risking further alien-ating farmers angry over late payments for their current crop.

Prime Minister Yingluck Shi-nawatra, assailed since Novem-ber by a largely urban, middle class protest movement bent on

facing unrest among her Puea Thai Party’s natural supporters in the countryside, where many farmers have gone unpaid for their rice for months.

Yingluck has led a caretaker -

ber, when she dissolved parlia-ment and called a snap election in an attempt to end the anti-government street protests. As a result, the government’s spending and borrowing pow-ers are heavily curtailed.

“We are just a caretaker gov-ernment, which has no power

buying scheme will end auto--

athep Rattanakorn, a minister

told Reuters. Reuters

Myanmar Summary

Myanmar Summary

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Farmers hold signs as they take part in a rally demanding the Yingluck administra-tion resolve delays in payment from the rice pledging scheme, outside the Com-

Chaiw

at Subprasom

/Reuters

A Boeing 777-9x model plane.

Reu

ters

BT

RI



Myanmar Summary

China Dashes Hollywood’s Hopes for Greater Access in 2014

China will maintain its strict quota for imported Hollywood movies this

year, rejecting reports it had planned to increase access for

largest cinema market, the of--

ported.The Hollywood Reporter

cited a source recently saying

mulling increasing Hollywood’s quota in China to 44 from the

year.US studios have been taking

steps to appeal to the fast-grow-

-lion) last year. Production companies like Viacom Inc’s

-Works Animation SKG Inc have hired Chinese actors and set up co-productions with Chinese

mainland market.But China’s often draconian

over the market, controlling the

domestic ventures.

China’s State Administration of Press, Publication, Radio, Film

2014 quota would hold in-line with an agreement signed in

2012, when China increased the -

rent level.Hollywood has traditionally

-

get into the Chinese market, in-cluding creating joint-produc-tions with Chinese partners to

skirt the ban or gaining entry as a non-US production. Reuters

Swati Pandey

India IT Sector Exports Seen Picking Up Pace in FY15

E --

pected to rise 13-15 per-

April, an industry lobby group

said last week, as an improv-ing global economy encourages banks and companies to boost spending on technology.

are forecast to rise to as much $99 billion, according to the

National Association of Soft-ware and Services Companies (Nasscom).

The increase in growth rate compares with an estimated 13

lobby added.

“Clearly compared to what we saw in the industry 12 months ago to now, we are seeing a far more positive momentum in our major markets,” Nasscom Chairman Krishnakumar Nata-

-ers.

Last month, the International Monetary Fund raised its glob-al economic growth forecast

years.India’s biggest IT services

Tata Consultancy Services, have forecast stronger growth for IT

by their main customers in Eu-rope and the United States.

Myanmar Summary

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mmbiztoday.comINTERNATIONAL BIZ 16

Myanmar Summary

Barclays to Cut 12,000 Jobs, Pays Bigger Bonuses

7,000 jobs will go in Britain; Paid out 2.4 billion pounds in incentive awards last year

Steve Slater and Matt Scuffham

Bthis year to cut costs and counter falling income at its in-

slumped last year.-

er bonuses, risking a backlash -

ers who bailed out much of the

crisis.The bank said last week that

7,000 of the jobs will go in Brit-

The latest cuts are not concen-trated in any single business area.

-kins, who took the helm in 2012 after an interest rate rigging scandal, is pulling Barclays out of some investment banking

clean up standards and improve returns. The bank last year tar-geted £1.7 billion in annual cost savings.

It said it paid £2.4 billion ($3.9 billion) in incentive awards last year after raising bonuses in its

investment bank by 13 percent

That helped to lift Barclays’ compensation-to-income ratio to 43.2 percent last year from 40 percent in 2012. It said it was still aiming for a compen-sation ratio in the “mid-30s”.

Jenkins defended the increas-es, saying Barclays had to com-pete with global rivals to recruit

was having constructive talks with investors over pay.

“We need to recruit people from Singapore to San Francis-co. We need the best people in the bank to drive long-term sus-tainable returns for our share-holders,” Jenkins said. Reuters

Recovery Firms in Advanced Economies, Led By US, Japan

Leigh Thomas

The outlook for most ad-vanced economies is im-proving, with recoveries

in the United States and Japan

latest monthly leading indicator showed last week.

The Paris-based Organisation for Economic Cooperation and

indicator covering 33 member countries had reached its high-est level since February 2011

early signals of turning points in economic activity, rose to 100.9

-

Among the major economies, the United States’ reading im-proved to 101.0 from 100.9, reaching its highest level since

-nomic crisis triggered by the

bursting of a sub-prime debt bubble.

Japan saw its indicator move up to 101.4 from 101.3 in No-vember, also hitting its highest

as the central bank boosts the economy with unprecedented monetary stimulus.

The crisis-weary euro zone was not left out, with its read-ing rising to 101.1 from 100.9,

“a positive change in momen-tum”.

-ber from November at 101.3.

The trend was less upbeat in the major emerging markets

China’s reading stable at 99.3 and Russia’s indicator also un-changed at 99.7.

India’s reading deteriorated slightly to 97.0 from 97.2 with economic activity below its

said. Reuters

Myanmar Summary

Court Delays Istanbul Airport Project

Ozge Ozbilgin

A€22 billion ($30 bil-lion) project to build a third airport in Istanbul

will be delayed for at least 10 months after a Turkish court sought further investigation into its environmental impact, a group challenging the project said.

A consortium of Turkish con--

ning bid last May to build and operate the airport, which Tur-key hopes will become one of the world’s largest by passenger numbers and is championed by Prime Minister Tayyip Er-dogan. Ankara aims for it to be

The state airports authority responded to the court ruling by saying the project was continu-ing as planned.

But the head of Turkey’s Chamber of Environmental En-gineers (CMO) said the Istanbul court had halted implementa-tion of a positive environmental

impact report, obligatory to ob-taining the green light for such projects.

“The court halted the imple-mentation of the report pend-

which will mean it being sus-pended for a minimum period of 10 months to a year,” CMO Chairman Baran Bozoglu told Reuters.

The State Airports Authority

amounted to a temporary sus-pension.

Logos are seen outside a branch of Barclays bank in London.

Toby Melville/R

euters

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Myanmar Summary


mmbiztoday.comINTERNATIONAL BIZ 17

Myanmar Summary

Israel Takes Step towards Becoming A Gas ExporterAustralia’s Woodside buys 25 percent stake in Leviathan; Domestic production seen by 2017, exports to follow

Israel has taken a step closer to becoming a

after Australia’s Wood-side Petroleum Ltd signed a deal to take a 25 percent stake in the huge East Mediterranean Leviathan

The Australian com-pany, considered a leader

natural gas (LNG) sec-tor, signed a preliminary agreement recently to buy a quarter of the Leviathan

for up to $2.55 billion.Leviathan is estimated

to hold about 19 trillion cubic feet (540 billion cu-bic metres) of natural gas, enough to supply all of Europe for over a year.

-oped by US-based Noble Energy Corp , which will remain the project’s lead partner with a 30 per-cent stake, while the other groups involved, Israel’s

sell one-quarter of their stakes to Woodside.

“Woodside is one of the leading companies in the world in the ... develop-ment of LNG facilities. The company brings with

for the Leviathan partner-

Avner said in a statement.Woodside sees the Le-

viathan project as an im-

portant part of its strat-egy to diversify outside of Australia. It is also con-sidering projects in My-anmar and Ireland.

analysts said Leviathan would initially serve Is-rael’s domestic market.

“Leviathan will be ini-tially developed as a do-

mestic gas project with

million cubic feet per day

2017,” Bernstein research said in a research note.

Once domestic supplies are up and running, Bern-stein said that Woodside’s involvement in the pro-

in form of LNG would be-

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come more likely.“There will be up to 9

trillion cubic feet of gas -

mains uncertain whether

or pipeline, Woodside’s involvement increases

-ing LNG scheme.”

Analysts said the Levia-

up to 720 million barrels, -

pected to begin in 2015.

Pipeline Or LNG?The biggest question

whether they will come in the form of a pipeline or LNG terminal.

Israel has the option to build a pipeline to serve Europe’s large but stag-nating gas market or to

-

which would allow ship-ments to Asia’s markets, where prices are cur-rently twice as high as in Europe.


In this handout image provided by Albatross, The Tamar drilling natural gas production platform is seen some 25 kilometers West of the Ashkelon shore in February 2013 in Israel.

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mmbiztoday.comINVESTMENT & FINANCE 18

Myanmar Summary

Thai Businesses Urged to Expand Investment into Myanmar

Phyu Thit Lwin

Thai business operators

their investment projects into neighbouring Myanmar, timely for the establishment of the ASEAN Economic Commu-nity (AEC) by 2015, Thai News Agency (TNA) reported.

Thai Ambassador to Myan-mar Pisanu Suvanajata told TNA that Myanmar has opened its door to foreign investment for two years, with China be-coming its largest foreign inves-tor so far, followed by Thailand and Hong Kong.

Pisanu said that many other rival countries in the Associa-tion of Southeast Asian Nations (ASEAN) and Asia, namely South Korea and Japan, are now also eager to invest in Myanmar.

Pisanu suggested that Thai-land should, therefore, have a clear investment direction toward Myanmar so that the country will not be slower than

-ing from investment opportuni-ties in the neighbouring econo-my.

The Thai envoy pointed out that Thailand has the edge over many other rival countries, as

and has positive relations with Myanmar.

Thailand is also capable in in-vestment areas that Myanmar needs, including infrastructure, product, construction and ser-vice sectors, as well as health, beauty, insurance sectors and other labour-intensive busi-nesses, he said.

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YCDC Invites Foreign And Local Companies to Implement Housing Projects

Kyaw Min

T -

has invited tenders from interested local, foreign and joint venture companies for the

-ent housing and car park build-ing projects, according to an an-nouncement.

The projects will be developed in accordance with plans ap-proved or to be approved by the

The information on respec-tive project will be stated in the instructions to bidders, and tenders shall be submitted for each project separately, the an-nouncement said.

The tenders shall be submit-ted in two envelopes, one for technical proposal and the oth-

said, adding that the tenders shall be prepared in compliance with the “Instructions to Ten-derers.”

The Committee said bidders may obtain further information about the tendering from its of-

-

hours.Tender documents for the

project will be available at the above address from February

The announcement said a complete set of each of tender

documents for Housing Projects (North Okkalapa Township,

-

Township) may be purchased upon payment of non-refund-able fee of $300 by means of overseas account transfer to

Foreign Trade Bank, Yangon or upon payment of non-refunda-ble fee of K300,000 to Yangon

through the above department. A complete set of each of ten-

der documents for the rest of the projects may be purchased upon payment of non-refunda-ble fee of $500 or K500,000.

on or before 1400 hrs, March 31. Any tender submitted after the designated date and time will not be considered, it added.

The announcement said tenders for Housing Projects (North Okkalapa Township,

-

Township) must be accompa-nied by tender security in the form of a bank guarantee valid

$50,000 issued by local or for-eign bank, which must be cor-respondent bank of Myanma Foreign Trade Bank, Yangon. The amount of tender security

in the form of bank guarantee for the rest of the projects will be $100,000.

The tenders will be opened in

Committee in the presence of representatives of bidders on the date and time as may be no-

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Thai Ambassador to Myanmar Pisanu Suvanajata makes a gesture during an inter-view with Myanmar Business Today.

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Myanmar Summary

WWWD: What Would Warren Do?

David Mayes

Isometimes am hesitant to constantly refer back to the strategy and thinking of

kind of mystical guru who can do no wrong, but the truth of the matter is that there is no other investor out there who has managed to accumulate more wealth via investing. In practice I often do some things

and to be frank maybe that is why I am still working and writ-ing this article rather than sip-ping fruity cocktails on some super yacht in the Mediterra-nean. I am often reminded of those old “what would Jesus do” bumper stickers and shirts that were so popular for a while, and it makes me wonder if it would not be a good practice to try and view every potential investment

There are of course some im-portant distinctions that need to be made here of course, be-fore starting down this line of thinking. First of all, there are many non-equity investments that have great low or negative correlation to the traditional stock market which are far too small for a massive investor

his overall options are more

that when considering future

ensure he either can buy a big enough chunk to take control

in fact realised, or at least hold -

agement to ensure the company continues to be run properly. You and I (at least me for sure

anyways) do not have that kind

a company most of the time. There is nothing to stop a new management team from com-ing in and running the business into the ground.

Since we can’t change the above facts we just have to ac-cept these pros and cons and work within our own portfolio sizes. An interesting note to start with is that even though

old man, who by all traditional thinking should be retired, the “Oracle of Omaha” will likely work until he no longer can and still claims that his favourite holding period for an invest-ment is “forever”.

This alone in my opinion is a very valuable insight into the way the man thinks and why he avoids many asset classes. Even trend following CTA funds, which are essentially trading

-petual” quality to them. Grant-ed, many of them will produce

large returns with low volatil-ity for decades, but many go bust or eventually close down their doors. Companies like

or at least in the sense of any timeframe that is relative to our short lives here on Planet Earth.

He also claims very modestly to avoid investments he “doesn’t understand”, yet I think this is a polite way to say he doesn’t un-derstand why everybody else on Wall Street is too dumb to see

or sector’s business model. My guess is that he didn’t avoid the tech dot com bubble because he didn’t understand it. He under-stood quite well they had market share they could not defend, or

to start with.I have just read a study about

Facebook, where it was predict-ed it will go the way of Myspace over the coming decade or so. I don’t know to be honest, but

it seems reasonable to me that there is a good chance it will not be “cool enough” for kids in the coming years and newer, and hipper social media platforms that their parents aren’t on will replace it. At the time of this writing, the company’s stock is trading at a mind boggling 156 times earnings. Think dotcom bubble era valuations. It has a market cap of $150 billion. I will not argue that social media is not here to stay and I am sure it will continue to grow. Howev-er, on the question of investing in social media companies such as Facebook, I may be wrong but I think I know what Warren would do.

David Mayes MBA provides wealth management servic-es to expatriates throughout Southeast Asia, focusing on UK Pension Transfers. He can be reached at [email protected]. Faramond UK is regulated by the FCA and pro-vides advice on pensions and taxation.

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“The decision will not halt the work and operations. The pro-cesses connected with the pro-ject are continuing as planned,” it said in a statement.

The CMO is a professional body that regularly challenges projects it says may pose a risk to the environment. Reuters

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funding earlier this year.Antonio Corro, country man-

ager for Myanmar and Thailand at MasterCard, said that “the rollout of POS terminals by My-anmar Citizens Bank will bene-

for convenient and secure pay-ment channels when they arrive in Myanmar.”

The POS solution runs on --

curity Standard Level 1) pay-ment platform. According to

is the highest security standard recognition set by the payment

industry.Headquartered in Singapore,

2C2P processed over $500 mil-lion worth of online payments in 2013, with operation across nine countries in Asia. PayPal,

worldwide in 2013.

Myanmar SummaryaiGay;acsrIqdkif&majz&Sif;csufrsm;udk

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Enabling Sustainable Value Chains in Asia’s Apparel Frontier: Getting the Job Done

Part IV of this series on creating sustainable apparel value chains explores how to practically catalyse the shift toward sustainable value chains via investing for financial return and social and environmental objectives.

Maximilian Martin

Myanmar is undergoing rapid modernisation. There is both momen-

tum in a number of sectors and much work to catch up remains

banking. Today, the country’s commercial banking system is only partially developed; there are currently 1.9 commercial bank branches per 100,000

in neighbouring Bangladesh. Bilateral and multilateral de-velopment projects are under way to put the corresponding institutional infrastructure in place, including modernising domestic capital markets with technical assistance from the

time, modernisation will help enabling capital investment into productive activities in the

and garments, the focus of to-day’s post.

An Investment Mindset is Key for Industry Upgrad-ing

This series has focused on ap-parel and argued that there is a major value-creation oppor-tunity in the wings. The cluster

becomes unstoppable wherever sustainability can be successful-ly integrated in the value crea-tion formula while managing total cost. The apparel indus-try thus can become both very large in the coming years and make an important contribu-tion to socioeconomic progress in Myanmar. To illustrate this point, the new report released by Impact Economy – a global impact investment and strategy

-able Apparel Value Chains, dis-cusses a number of best prac-

a focus on the manufacturing stage provides one of the most promising avenues for industry transformation in terms of so-cial and environmental perfor-mance and competitiveness.

The challenge now is to de-termine how to achieve this transformation in practice and at scale. An investment mindset is the key fresh ingredient here, both for fostering total resource productivity and for securing transparency across the supply chain – improving infrastruc-ture and working conditions in the process. Social and environ-mental performance require-ments are becoming ever more stringent. But transformational and sustainable improvements will never be brought about by simply sending more inspectors to police factories, not building

relationships between buyers and producers, or without up-grading manufacturing.

Investing in Physical Infrastructure Upgrade in Apparel Can be a Win-Win

Given the generally low re-source productivity in the in-dustry, there is a win-win op-portunity for investment capital to improve social and environ-mental conditions while also enabling producers to save money (especially in the case

-

ciency). This is possible because these types of investments cap-ture a higher margin by enter-ing higher-value added produc-

returns.

total investment is needed by 2030 to support the country’s growth potential, $320 billion in infrastructure alone. Myan-mar is a frontier economy and is already attracting invest-

ment in the garment sector. The country attracted $42 billion in foreign direct investment

overwhelming bulk of which went to investments in power, oil and gas. Myanmar’s 2012 Foreign Investment Law allows for 100 percent foreign owner-ship without the need for a local partner. The law has improved the investment environment by providing special incentives as well as important regulation re-

-pute resolution, and the ability

import duties.

Investing for Financial and Social/Environmental Return

To be sure, uncovering in-vestment opportunities can be challenging in practice. Critical constraints include local man-agement bandwidth and trans-parency. Even here, though, promising solutions have come into view. An investment part-nership between the UK devel-

and leading Swedish hedge fund group, Brummer & Part-ners AB provides a helpful illus-tration for how an investment

-cial returns and social and en-vironmental improvements can play out on the ground. Along-side other investors including FMO, the IFC and Norfund, as

well as commercial investors such as pension funds and high

frontier private equity fund tar-

-ture, health, education, IT and services sectors.

Investee Ananta Apparels Limited (AAL) highlights the social and environmental im-pact potential of this invest-ment approach. AAL is among the top 10 manufacturers of woven product in Bangladesh and is one of the country’s lead-

-pany specialises in denim prod-ucts with monthly production

bottoms across three factories

feet and employ about 13,000 workers. Major customers in-clude leading retail brands such as H&M, GAP and the Bestsell-er Group. AAL has embarked

plan, which involves the relo-

woven bottoms factory to a new custom built facility south of

its original factory in downtown

This development is an op-portunity to provide adequate physical infrastructure, particu-larly in a country where 90 per-

Myanmar Summary


Workers tailor and arrange clothing at a garment factory at Hlaing Tha Yar industrial zone in Yangon.

Soe Z

eya Tun/Reuters

“Transformational and sustainable improvements will never be brought about by

simply sending more inspectors to police factories, not building long-term mutually

beneficial relationships between buyers and producers, or without upgrading manufacturing.”

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Myanmar Summary

cent of buildings are not com-pliant with the building code.

-mately $24.4 million, of which

The social and environmental

-nology transfer as AAL intends to adopt global best practices in terms of lean manufactur-

worker productivity and energy -

all industry; new local supply chain linkages as the project will generate incremental busi-ness for medium and small en-terprises in the value chain, in-cluding accessory and package suppliers, service providers and logistics support.

The government stands to -

should not underestimate the

a company that is able to com-mit to adopting best practices in corporate governance, envi-ronmental and safety compli-ance, labour standards, and en-

readymade garment industry while still remaining competi-tive. There is no logical reason why a similar approach should not work in Myanmar.

Conclusion: Apparel Quo Vadis?

The conditions for change are moving into place in the

especially in Myanmar where enthusiasm to catch up with its neighbours is at an all-time high. The green transformation of the global economy is in pro-cess, and the resulting savings potential is considerable in an industry with low total resource productivity. Solutions to social

implement but an era of innova-

tion and less time constrained responsible investment capital is starting to make its impact. What’s more, sustainable forms of consumption will catch on eventually as the information revolution fosters ever-greater transparency.

is on its way. One respondent to the online survey for Creat-ing Sustainable Apparel Value Chains commented: “Within a 10-20 year period I think the in-dustry will be changed severely by higher customer awareness on labour standards and envi-ronmental issues, production techniques such as robotics,

-als, and increases in costs due to higher raw material prices.”

Getting the job done and set-ting Myanmar on a path to be-coming a leading sustainable apparel cluster is possible. This shift will require transferring best practice, collaboration be-tween government, industry

associations, producers, buyers and civil society, and the guts to act.

We do not know how the world will look in 2030 or in 2050, but we do know that there will be demand for ap-parel products as long as there are people. 9 billion people will have to clothe themselves, not to mention look and feel good while doing it. The Rana Plaza disaster, and the ongoing fall-out and consequences, illus-trates that an unrelenting and unforgiving pursuit of growth is simply too risky for the industry to continue.

The analysis presented here shows that systemic transfor-mation that drives both better social and environmental per-formance and greater competi-tiveness is possible – for My-anmar, Asia’s current apparel frontier, sustainable apparel value chains hold the prospect

-dends. An old Burmese proverb says, “Collect the water while it rains.” It would seem that the opportunity to leapfrog is now.

About the Author:Dr Maximilian Martin is the

Founder and Global Managing Director of Impact Economy. He also serves as Founding Faculty in Residence at Ashoka U and Lecturer in Social En-trepreneurship at the Univer-sity of St. Gallen. He previously served as founding global head and managing director of UBS Philanthropy Services, head of research at the Schwab Foun-dation, senior consultant with McKinsey & Company, instruc-tor at Harvard’s Economics Department, and fellow at the Center for Public Leadership, Harvard Kennedy School.

People work at a garment factory of Hlaingtharyar Industrial Zone in Yangon.

U A

ung/

Xin

hua

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Myanmar Investment Forum to Be Held for The First Time in New York

With the intention of attracting investors from the US, the My-

anmar Investment Outreach Business & Investment Forum

June 2014, according to U Aung

and Companies Administration

Aye Myat The forum will discuss Myan-mar’s investment laws and reg-ulations to provide an overview of the penal and legal code sur-rounding the business environ-ment as well as the investment opportunities in the country’s evolving sectors, said U Aung Naing Oo.

Organised by US-based Pen-insula Press, the forum is main-ly sponsored by local companies such as KBZ Bank, City Mart

-

Myanmar Citizens Bank, Green Construction Group and UMG.

manager of Peninsula Press for Southeast Asia Region, a news-letter with emphasis on Myan-mar’s political and economic changes is soon to be published in over 160 countries.

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mmbiztoday.com

22INVESTMENT & FINANCE

vkyfuGuftm; tar&dueftajc pdkuf Noble Energy Corp u vuf&S dtcs de fwGif taumift xnfazmfaqmif&GufaeNyD;tjcm;vkyfief;rsm;0ifa&mufvmonfhtcgwGifvnf;pDrHudef;\xdyfwef;t zGJU0ifwpfOD;tjzpf &S,f,m 30 &mcd ki fEIef;ud ky d ki fqd ki fumquf vuf&yfwnfEdkifOD;rnfjzpfonf/

Although an LNG ter-minal would allow access to global markets, the cheaper option of a pipe-line to Turkey and the Palestinian Authority has recently gained traction.

“From a Woodside per-spective it’s clearly not good news,” said Mac-quarie Equities analyst Adrian Wood.

Critics of the pipeline option point out, howev-er, that unresolved mari-time claims in the East Mediterranean will make

governmental deals in place that would allow the laying of a pipeline from Israel to Turkey.

Another option for the project would be to build a joint LNG terminal with Cyprus, which has also found large untapped gas reserves, and which could be jointly developed with Israel as they are close

although analysts here point out that Israel is re-

through a foreign state.

Long NegotiationsNegotiations between

Leviathan’s partners and Woodside dragged on for more than a year as Isra-el’s supreme court debat-ed whether to allow natu-

studies were completed and options on develop-ing the gas were debated.

The Israeli high court -

ports of up to 40 percent of produced natural gas.

The proposed new deal, which Woodside aims to

also give Woodside a roy-

alty on commercial oil production. That includes an up-front payment of

Analysts say there is currently a global race to

soon as possible before the vast new supplies pull down prices and threaten return of investments.

The United States is

gas reserves in 2015, and Australia is also trying

-porter this decade, while Mozambique and East Af-

rica also hope to develop their newly found huge

within the coming years. Reuters

tpöa&; \ Delek Group , Avner Oil Exploration ESifh Ratio Oil Exploration wdkYrS

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Japanese Firms Eye Myanmar’s BountyBi Shihong

Japan, mired in its continu-ously sluggish economy and declining internation-

al clout, has been undergoing a critical period of change in re-cent years. Myanmar, situated between China and India as a

-ing its decades-long isolation, and has been labelled as the last paradise for investment with boundless business opportuni-ties by Japanese media.

Myanmar is confronted with severe problems like ethnic

-es, so it has to rely on promi-nent economic development to maintain social stability.

Nay Pyi Taw’s demands for

into Tokyo’s ambition to seek more business opportunities in the democratically progress-

common ground to strengthen bilateral economic cooperation.

The Thein Sein administra-tion has set economic devel-opment as its top priority and called for Japanese enterprises to increase their input in Myan-mar on many occasions.

The Japanese leadership also stated that they would motivate

gap of Japan in Myanmar’s in-frastructure construction and talent training over the past two decades, constructing a new type of bilateral relationship.

Japan’s Ministry of Economy, Trade and Industry called for cooperation between enter-prises and government to boost

-

between Japanese companies with their US and European counterparts in Myanmar, espe-cially after the sanctions against Myanmar are fully lifted.

Now in the last virgin market of Asia, some Japanese enter-

-cles across a wide spectrum of

-frastructure construction, logis-tics, and manufacture.

With large-scale corpora-tions such as Mitsui, Itochu, Marubeni, Toyota Tsusho, and Mitsubishi setting up their of-

devoted itself to contesting op-portunities in electricity gener-ation, transportation and natu-ral gas development.

Japanese manufacturing gi-ants like Toshiba, Hitachi and Panasonic are also deepening their footprints in Myanmar.

manufacturers establishing fac-tories in Myanmar will generate

and employment.Nonetheless, there are still

many barriers given Myanmar’s unsound commercial environ-ment with its lack of skilled labourers, underdeveloped transportation system, frequent blackouts and restriction on re-mittances of foreign currencies.

By August 2013, China re-mained the biggest investor of Myanmar while Japan ranked the 11th. The annual trade vol-ume between Nay Pyi Taw and Tokyo is merely over $1.6 bil-lion. Some Myanmar politicians have voiced their dissatisfaction with Japanese enterprises’ lack of initiative to invest.

Local media summarised “4L,” namely “Look, Listen, Learn, and Leave,” to describe some Japanese companies’ performance while some hold these enterprises are all mouth and no trousers.

Meanwhile, the negative side of Japanese investment in My-anmar has begun to emerge. It’s unknown whether the pragmat-ic Japanese companies will fur-ther enlarge their investment and whether this direct invest-ment could generate quick ben-

-veloping the Thilawa Special Economic Zone, the Japanese enterprises involved report-

edly attempted to use “quiet dialogue” in solving entangled

-tion and compensation, re-sulting in local discontent and protests because of opaque and

There are also local denounce-ments on the reluctance of Ja-pan’s foreign aid mechanisms like the Japan International Co-operation Agency, and of some Japanese politicians to com-municate with local communi-ties and media. It remains to be seen how the quiet economic di-plomacy of Japan will function.

The Abe cabinet aims at reju-venating the Japanese economy through shaping Myanmar into a big production base and vast market. However, despite great economic potential, it takes time to complete infrastruc-ture construction, and vigorous rights movements in the young democratic country add uncer-tainties to foreign investment.

Moreover, with more US and European enterprises swarm-

ing into Myanmar, Japanese enterprises are facing more competitors.

Japan rather than “political trouble.” It views Japan as a rich country which is generous with its investment in Myan-mar, but it values the US more as Washington holds the key for Myanmar to integrate into the international community.

Therefore, Japan’s economic ambition and diplomacy in My-anmar is, to a large degree, one-sided, and it’s unknown whether

--

tions if Japan continues to pri-oritize seeking its own interests rather than candidly helping My-anmar’s economic development.

Bi Shihong is a professor at the School of International Stud-ies, Yunnan University. Views expressed here are the author’s own and does not necessarily re-

editorial policy. GT

Myanmar SummaryLiu R

ui/GT

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mmbiztoday.comPROPERTY & REAL ESTATE 23

Myanmar Summary

Nay Pyi Taw to Get Myanmar’s Second Parkroyal HotelPan Pacific Hotels Group announces four pipeline projects across Asia Pacific

Singapore-based Pan Pa--

nounced that it will open its second Parkroyal Hotel in Myanmar’s capital Nay Pyi Taw in April, in line with the group’s

(PPHG), a subsidiary of Sin-gapore-listed UOL Group Ltd, said the new hotel will feature

two phases, and comprise an all-day dining restaurant, spa, gym, swimming pool and a range of meeting facilities.

The group said it decided to open the hotel “following the success of Parkroyal Yangon,” one of Yangon’s few upscale ho-tels.

Parkroyal Nay Pyi Taw will -

national hotel brand in Myan-mar to enjoy a presence in two of the most important cities – the central business hub of Yangon and the seat of the gov-ernment administration Nay Pyi Taw.

As the capital of Myanmar,

a series of international events and summits including the ASEAN Summit this year.

PPHG said the new hotel will be located in the vicinity of My-anmar International Conven-

venue of government functions, and that Parkroyal Nay Pyi Taw will “look forward to receiving many foreign and local digni-taries once operational.”

The group also signed three more management contracts in Australia and China, alongside Myanmar.

With these additions, the

Shein Thu Aung

group now owns and/or man--

viced suites with about 12,000 rooms in Asia, Oceania and North America, including those under development.

“With its prevailing global -

region for the Group and we are delighted to be making headway in our target markets where we have already established iconic hotels,” says Bernold Schroed-

“Our four latest management contract signings will comple-

strengthen the Group’s pres-

win over more customers to

brands.”The fourth Parkroyal hotel in

Australia and second in Mel-

bourne – PARKROYAL Mel-bourne – will open in 2016 in

storeys of The Altus, a 37-storey

Located along Sha river and opposite the University of Elec-tronic Science and Technology, within the oldest cultural dis-trict in Chengdu’s city centre,

China – Parkroyal Chengdu – is scheduled to open in 2017. Part

comprising high-end residen--

tail spaces, Parkroyal Chengdu will feature 360 guestrooms, an all-day dining restaurant, spe-ciality restaurant, poolside bar and restaurant, lobby bar and lounge, ballroom and meeting spaces.

One of China’s premier tour-ist destinations, Zhuhai will be

in the China. The 300-room

its doors in 2017. It will feature conference facilities, a Chinese restaurant, all-day dining res-

-by bar and lounge, a swimming pool and gym.

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tqdkyg[dkw,fvkyfief;BuD;onf Mop aMw;vsESif h w½kwfEdkifiHwdk YwGifvnf; aemufxyf [dkw,fpDrHcefYcGJa&;oabmwlnDcsuf 3 ckudk vufrSwfa&;xdk;cJh aMumif; od&onf/pD;yGm;a&;ESif h c&D;oGm; vkyfief;rsm;wdk;wufaumif;rGefvmrI aMumifh tm&Sypdzdwfa'oonf [dkw,f vkyfief;BuD;twGuf tcsuftcsmus onfhae&mjzpfvmaMumif;ESifh arQmfrSef; xm;onfhaps;uGufrsm;wGif vkyfief;rsm;tm;taumif;qHk;aqmif& GufvmEd kif onfhtwGuf 0rf;ajrmufrdaMumif; Pan

\ trIaqmif t&m&SdcsKyf Bernold Schroeder u ajymMum;cJhonf/

A Parkroyal hotel in Singapore.

WM

C

Authorities to Construct One More Overpass in Yangon

Myanmar trans-port authorities are planning to

build one more overpass in Yangon in its contin-

media reported.The estimated $17-mil-

lion Myaynigone overpass bridge construction pro-ject is located at one of

areas in Yangon.

will be carried out as a special project of the Yan-gon Region Government

which begins in April.The contract for the pro-

ject is yet to be signed.

of three main overpass

remains, adding to the in-convenience of the public.

The overpasses already built are those of Hledan, Shwegondaine and Bay-

jam occurred almost all day round.

According to the city’s road transport admin-istration, the number of motor vehicles operating in Myanmar stood at 3.9 million as of September 2013, including 3.347 mil-

passenger cars, 102,537

trucks and 20,504 buses.Yangon has a population

of more than 6 million and an area of 795 square kilometres. Xinhua

Myanmar Summary

jrefrmydkYaqmifa&;tmPmydkif rsm;onf &efukefNrdKUwGif;,mOf aMumydwfqdkYrIudkajz&Sif;&efcefYrSef; ajctar&duefa':vm 17 oef; wefzdk;&Sdonfh ukef;ausmfwHwm; wpfpif;tm;ajreDukef;vrf;qHkwGif wnfaqmufoGm;rnfjzpfNyD;tqdk ygpDrHudef;tm;vmrnfh 2015 ESpf qef;ydkif;wGifpwifrnfjzpfaMumif; od&onf/


mmbiztoday.com

24PROPERTY & REAL ESTATEMyanmar: Tourist Boom Sees Hotels

Jostling for PositionFiona Carruthers

Afew years ago, Austral-

was writing a novel and conducting guided walks in the small village of Baisha in China. Then he discovered Myanmar.

“I moved to Yangon and start-ed a new guiding business by forming a partnership with the already established Myanmar Tourism Company (ACL Trav-el),” Percival said.

advantage of Myanmar’s tour-ism boom.

Accor Southeast Asia boss Patrick Basset described My-anmar as “the last frontier for tourism in the region”. The French company is planning to

Tourism has soared from 300,000 visitors in 2010 – the year pro-democracy leader

-leased from house arrest – to 2 million tourists last year.

The Myanmar Investment Commission has granted per-mission for about $2 billion worth of investment in hotels and tourism-related business as the country of about 50 million people struggles to keep up with

Master Plan launched last year, Myanmar hopes to welcome 7.5 million arrivals by 2020.

-

already runs The Governor’s Residence, the best hotel in Yangon, has just added a new river cruiser, Orcaella, to its

to Mandalay. Meanwhile, Pen-insula Hotels has secured a property to refurbish, and Hil-ton and Best Western are also eyeing locations and potential local partners. Last April the

out the former Burma Railway Company building in Yangon as

company Meinhardt doing the refurbishment.

-nounced a conditional joint venture with Myanmar’s Shwe

-tel in downtown Yangon.

in Yangon last year. “Tourism is a huge growth area but at this stage it’s mainly the big interna-tional companies dominating,” said Melinda Tun, a Myanmar-born Sydney lawyer. “And Aus-tralians are at the forefront; the general manager of Shangri La hotels in Myanmar is Austral-ian.

“They have just opened new

La Residences, in Yangon, and are planning another hotel in a couple of years.”

Accor’s Patrick Basset said: “We anticipate the tourist num-bers will grow with the same momentum [as seen over the past two years], and include more longer-haul tourists.

“We’ve just signed a Pullman hotel in Yangon and will soon

We are also looking into several potential projects in Yangon, Inle Lake, Bagan and Manda-

lay.“People always want to visit

-mar is becoming a major play-er in Southeast Asia, enticing more new and returning tour-ists to the area.” SMH

Fiona Carruthers is Deputy Editor, Travel at Sydney Morn-ing Herald.

Myanmar SummaryMopaMw;vsEdkifiHom; a&TUajymif;ae

xdkifolwpfOD;jzpfonfh Bob Percival onf w½kwfEdkifiH&Sd aus;&Gmi,fwpfckwGif 0wåK&SnfwpfckESifh guiding business tm; vGefcJhaomESpftenf;i,fu a&;om; aecJhNyD; jrefrmEdkifiHtm; rarQmfvif hbJ odjrifvmcJhonf/ olonf &efukefodkY

ajymif;a&TUcJhNyD; Myanmar Tourism Company (ACL Travel) ESif htusKd;wl yl;aygif;í guiding business vkyfief; opfwpfckudk pwifcJhonf/

jrefrmEdkifiH\ c&D;oGm;vkyfief;zGHUNzdK;wdk;wufvmrIaMumifh Percival onf

enf;wla&muf&SdvmolrSmvnf; trsm; tjym;&Sdaeonf/ Accor Southeast Asia rS olaX;jzpfonfh PatrickBasset u jrefrmEdkifiHtm; ta&SUawmif tm&Sa'owGif;c&D;oGm;vkyfief;u@twGuf aemufqHk;e,fy,fopfwpfck[k azmfjyajymMum;cJhonf/

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tm; aetdrftus,fcsKyfrS vGwfNidrf;csrf;omcGifhay;cJhonfh 2010 ckESpfwGif jrefrm EdkifiHodkY c&D;onfaygif; 300000 txd a&muf&SdvmcJ h NyD; c& D;oGm;vkyfief;rSm wdk;wufvmcJhonf/ vGefcJhonfhESpfwGif jrefrmEdkifiHodkY a&muf&Sdvmaom c&D;oGm; ta&twGufrSm 2 'or 3 oef;txd &SdvmcJhonf/jrefrmh&if;ESD;jr§KyfESHrIaumfr&SifrS [dkw,fESif hc&D;oGm;vma&;vkyfief;ESifh oufqdkifonfh &if;ESD;jr§KyfES HrIrsm;tm; tar&duefa':vm 2 bDvD,HeD;yg;txd vkyfief;cGifhjyKcsufudk ay;cJhNyD; vGefcJhonfh ESpfwGif pDpOfaqmif&GufcJhonfh c&D;oGm; u@txl;tpDtpOfwpf&yft& 2020 ckESpfwGif jrefrmEdkifiHodkY c&D;oGm;ta& twGuf 7.5 oef;txd a&muf&SdvmEdkif &ef arQmfrSef;xm;onf/

sharing ratio between a foreign company mining in Myanmar and the government. However, Myanmar plans to loosen re-

years.“Many international investors

have entered the country, and they want to buy gold. Wheth-er we can sell or whether they can bring the gold outside of the country will be a big prob-lem. When Myanmar joins the ASEAN Free Trade Area, the government should solve the problem,” said Y Kyaw Win, secretary of Myanmar Gold En-trepreneurs’ Association.

A Reuters database shows that Myanmar allowed only com-panies from China, Thailand

minerals within its borders as of 2012. Mining companies

from Australia and Russia are also involved, but often through third-parties. Commission approval and to

mills and factories from the pri-vate sector.

Teak log Grades 6 and Grade 7 will be grouped together and re-designated as Grade 6. Logs that do not fall in the category of Grade 6 will be sold as Grade 7. Grades for Padauk logs (Ptero-carpus macrocarpus) will re-

Quality.For other hardwood logs what

Quality will become First Qual-

become Second Quality. Logs that are to be sold by open ten-der will be parcelled in Yangon and in other suitable locations outside Yangon.

Auction deposits will be $3000 for companies owned by

Myanmar nationals; and $5000 for companies owned by for-eigners.

If full payment for the suc-cessful lots is not made within 60 days, the respective lots will revert to MTE for resale by open tender, MTE said.

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Yuy

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hino

/Reu

ters

The lobby area of Traders Hotel in Yangon.

Traders Hotel


mmbiztoday.comAUTOMOBILE 25

Myanmar Summary

Toyota to Stop Making Cars in Australia from 2017Follows similar plans announced last year by GM, Ford; Toyota says exit will affect about 2,500

jobs

Maggie Lu Yueyang

Toyota Motor Corp said last week it would stop making cars and engines

in Australia by the end of 2017, marking the end of an era for a once-vibrant auto production base and the loss of thousands of direct and indirect jobs.

Toyota’s decision follows the

and Ford Motor announced last year and would leave no global automaker remaining in Aus-tralia as high costs and a strong currency make it an unattrac-tive production base.

“We did everything that we could to transform our busi-ness, but the reality is that there are too many factors beyond our control that make it unvi-able to build cars in Australia,”

Yasuda said in a statement.About 2,500 jobs will be af-

fected when the plant stops building cars in 2017, the com-pany said.

after more than half a century there is a setback to Prime Min-ister Tony Abbott’s conserva-tive government, which is seek-ing to manage a slowdown in the $1.5 trillion economy as a decade-long mining investment boom slows.

“This is obviously devastat-

ing news for everyone involved with Toyota. It’s devastating for me and for the government,” Abbott said in Canberra.

Union leaders were more vo-cal in their criticism of the gov-ernment’s handling of the auto industry’s woes.

“The loss of the automotive manufacturing industry in Aus-tralia will have far reaching con-sequences around the country and throughout the economy,” said Australia Council of Trade

-vid Oliver.

“They’ve (the government) done absolutely nothing to keep Toyota in this country,” he added, warning that A$21 bil-

wiped from the economy and that some regions would go into recession.

Vehicle production in Austral-ia has nearly halved in the past decade to just above 200,000 in

Transport Plan to Avoid Heritage Buildings

Authorities should avoid heritage buildings in Yangon while imple-

menting the Comprehensive Urban Transport Plan for

the Japan International Coop-eration Agency (JICA) said.

Shinji Yo Okusawoka, a rep-resentative of JICA, which is implementing the multi-billion dollar project, said the heritage buildings are major tourist at-traction and bring much-need-ed foreign currency to the state

“When drawing up plans, we have to consider the environ-ment and social surroundings. If the project does not cause any damage to heritage buildings and the environment people will welcome the plan and we can carry on with the project,” he said.

-itage buildings in Yangon, ac-

-

The centre of downtown Yan-gon was selected last October for entry in the World Monu-ments Fund’s 2014 Watch List, a biannual list of heritage sites which are threatened or in need of preservation.

-

gon Heritage Trust (YHT) has proposed to designate small zones within the city centre as heritage areas and envisions a joint public-private collabora-tion whereby private investors restore heritage buildings for commercial use while main-taining the character of the ar-eas. In June, Philips announced a partnership with YHT to in-

to highlight key cultural herit-age sites in the city.

Htet Aung

Mazda Cars Now Available for Purchase by Instalment

Kyaw Min

Japanese automaker Mazda Motor Corp’s cars can now be purchased by instal-

ment, the carmaker’s author-ised dealer in Myanmar said last week.

A customer have to pay 20 percent of a car’s price as down

be settled through Ayeyarwady Bank by instalments, Thet Su Mon, sales manager from Cycle and Carriage Automobile My-anmar (CCAM), said.

The company gave prospec-tive customers a chance to test ride Mazda cars from 12 to 16 February at Junction Square in a bid to lure more buyers. Maz-

-da2 were also on sale at the fair.

Customers buying cars through cash purchase were given 5-10 percent discount, Thet Su Mon said.

Automobile dealer U Myo

Aung from Old Thirimingalar car dealing station said, “It would be very convenient for us and Mazda enthusiasts to buy Mazda cars now. It’s a special opportunity and as a car dealer we can take advantage of this

“Mazda cars are manufac-tured with SkyActiv technol-ogy to save fuel consumption. Test driving Mazda cars before buying is a special chance for a buyer,” a Mazda car enthusiast Aung Lin said.

Inoue Hiroshi, chairman of Mazda Motor Corp, announced in September last year that the carmaker will launch an au-thorised showroom in 2014 with CCAM. Mazda’s showroom is located on Kabar Aye Pagoda road in Yangon and the service centre is on Ywar Ma road in In-sein township.

CCAM is the sole dealer for Mercedes and Mitsubishi au-tomobiles in Myanmar besides

Mazda.As part of a plan to sell cars

in all member countries of the Association of Southeast Asian Nations (ASEAN), Mazda plans to send a range of vehicles to Myanmar rather than only sell

-ecutive Masamichi Kogai told Reuters last year.

“The purpose is to build our brand and create Mazda fans,”

he said.Myanmar’s new car market

started to bloom around 2011, after the quasi-civilian govern-ment of President Thein Sein took over and overturned im-ports restrictions of the military government.

There are around 340,000 passenger cars registered in Myanmar, government data shows, shared among a popu-

Myanmar Summary

Toyota Motor Corp onf 2017 ESpfukefwGif MopaMw;vsü armfawmf um;rsm;ESifh um;tif*sifrsm;tm; xkwf vkyfrIudk &yfqdkif;oGm;zG,f&SdaMumif; wdk,dk wm MopaMw;vsaumfydka&;&Sif;tBuD;tuJ Max Yasuda u vGefcJhonfh tywfwGif ajymMum;cJhonf/

xdkodkY armfawmfum;ESifh tif*sifrsm; xkwfvkyfrIudk &yfqdkif;vdkufonfhtwGuf MopaMw;vswGif ,cifu armfawmfum; xkwfvkyfrItajcpdkufvkyfaqmifcJhonfhumvtqHk;owfoGm;rnfjzpfonf/

aygif;rsm;pGmvnf; qHk;½HI;oGm;EdkifzG,f&Sd aMumif; od&onf/

Myanmar Summary

2012 from more than 400,000 in 2004. Sales of locally made

years as a stronger Austral-ian dollar makes imported cars more competitive. Reuters

A Mazda CX-5 model car at an autoshow.

Reuters

Ste

ve M

arcu

s/R

eute

rs

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lation of more than 60 million people. Most of the cars are Japanese.

About half a dozen companies from Japan, India, South Korea and the United States are cur-rently manufacturing cars or have showrooms in Myanmar.

*syefEdkifiH\ armfawmfum;vkyfief; BuD;jzpfaom Mazda Corp \ um;rsm;tm;t&pfuspepfjzifh 0,f,l oGm;EdkifawmhrnfjzpfaMumif;od&onf/ t&pfuspepfjzifh0,f,lEdkif&eftwGuf 0,f,lrnf holtaejzif hum;wefzd k;\ 20 &mcdkifEIef;udkt&ifay;oGm;&rnfjzpf NyD; usef&Sdonfh 80 &mcdkifEIef;tm; {&m0wDbPfrS wpfqifh t&pfusay; oGif;um armfawmfum;rsm;udk 0,f,l oGm;EdkifrnfjzpfaMumif;ESifh 4if;tjyif Junction Squre wGifprf;oyfarmif; ESifrIudkvnf; jyKvkyfoGm;Edkifrnfjzpf aMumif; od&onf/


mmbiztoday.com

26

INTERNATIONAL AND DOMESTIC FLIGHT SCHEDULEFligghhtss ffroom Yanggon (RGNN) to Bangkok ((BKK) Fligghhtss ffroom Banggkok (BKKK) to Yaangon (RGN)

Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by:PG 706 1 2 3 4 5 6 7 RGN BKK 7:15 9:30 Bangkok Airways DD4230 1 2 3 4 5 6 7 DMK RGN 06:30 07:55 NOK AirlinesDD4231 1 2 3 4 5 6 7 RGN DMK 8:00 9:45 NOK Airlines 8M336 1 2 3 4 5 6 7 BKK RGN 6:40 7:25 MAIFD2752 1 2 3 4 5 6 7 RGN DMK 8:30 10:15 Thai AirAsia FD2751 1 2 3 4 5 6 7 DMK RGN 7:15 8:00 Thai AirAsia8M335 1 2 3 4 5 6 7 RGN BKK 8:40 10:25 MAI TG303 1 2 3 4 5 6 7 BKK RGN 8:00 8:45 Thai AirwaysTG304 1 2 3 4 5 6 7 RGN BKK 9:50 11:45 Thai Airways PG701 1 2 3 4 5 6 7 BKK RGN 8:50 9:40 Bangkok AirwaysPG702 1 2 3 4 5 6 7 RGN BKK 10:45 12:40 Bangkok Airways FD2755 1 2 3 4 5 6 7 DMK RGN 11:35 12:20 Thai AirAsiaY5-237 1 2 3 4 5 6 7 RGN BKK 18:05 19:50 Golden Myanmar Airlines PG707 1 2 3 4 5 6 7 BKK RGN 13:40 14:30 Bangkok AirwaysTG302 1 2 3 4 5 6 7 RGN BKK 14:45 16:40 Thai Airways Y5-238 1 2 3 4 5 6 7 BKK RGN 21:10 21:55 Golden Myanmar AirlinesPG703 1 2 3 4 5 6 7 RGN BKK 15:20 17:15 Bangkok Airways FD2753 1 2 3 4 5 6 7 DMK RGN 16:35 17:20 Thai AirAsia8M331 1 2 3 4 5 6 7 RGN BKK 16:30 18:15 MAI PG703 1 2 3 4 5 6 7 BKK RGN 16:45 17:35 Bangkok AirwaysFD2754 1 2 3 4 5 6 7 RGN DMK 17:50 19:35 Thai AirAsia TG305 1 2 3 4 5 6 7 BKK RGN 17:55 18:40 Thai AirwaysPG704 1 2 3 4 5 6 7 RGN BKK 18:25 20:20 Bangkok Airways DD4238 1 2 3 4 5 6 7 BKK RGN 19:30 20:15 NOK AirlinesTG306 1 2 3 4 5 6 7 RGN BKK 19:40 21:35 Thai Airways 8M332 1 2 3 4 5 6 7 BKK RGN 19:20 20:05 MAI

DD4239 1 2 3 4 5 6 7 RGN DMK 21:00 22:45 NOK Airlines PG705 1 2 3 4 5 6 7 BKK RGN 20:00 21:15 Bangkok Airways

FFligghhtss ffroomm Yangoon (RGN)) to Chiaang Maii (CNX) FFligghhtss ffroomm Chiangg Mai (CCNX) to YYangon (RGN)W9-9607 4 7 RGN CNX 14:50 16:20 Air Bagan W9-9608 4 7 CNX RGN 17:20 17:50 Air Bagan

Flligghtss ffroom Yanggon (RGNN) to Sinngapore (SIN) Flligghtss ffroom Singaapore (SIN) to Yangon ((RGN) Y5-233 1 2 3 4 5 6 7 RGN SIN 10:10 14:40 Golden Myanmar Airlines Y5-234 1 2 3 4 5 6 7 SIN RGN 15:35 17:05 Golden Myanmar AirlinesMI509 1 6 RGN SIN 0:25 5;00 SilkAir SQ998 1 2 3 4 5 6 7 SIN RGN 7:55 9:20 Singapore Airline8M231 1 2 3 4 5 6 7 RGN SIN 8:30 13:00 MAI 8M6231/3K585 1 3 4 5 6 SIN RGN 9:10 10:40 Jetstar AsiaSQ997 1 2 3 4 5 6 7 RGN SIN 10:25 14:45 Singapore Airline 8M232 1 2 3 4 5 6 7 SIN RGN 14:10 15:40 MAI

8M6232/3K586 1 3 4 5 6 RGN SIN 11:30 16:05 Jetstar Asia MI518 1 2 3 4 5 6 7 SIN RGN 14:20 15:45 SilkAir8M233 5 6 7 RGN SIN 13:45 18:15 MAI 8M235 5 6 7 SIN RGN 19:15 20:45 MAITR2827 1 6 7 RGN SIN 15:10 19:35 TigerAir TR2826 1 6 7 SIN RGN 13:00 14:30 TigerAirTR2827 2 3 4 5 RGN SIN 17:10 21:35 TigerAir TR2826 2 3 4 5 SIN RGN 15:00 16:30 TigerAirMI517 1 2 3 4 5 6 7 RGN SIN 16:40 21:15 SilkAir MI520 5 7 SIN RGN 22:10 23:35 SilkAir

FFliightts frromm Yangonn (RGN) tto Kualaa Lumpuur (KUL) Fligghtts frroomm Kuala LLumpur (KUL)too Yangonn (RGN)AK1427 1 2 3 4 5 6 7 RGN KUL 8:30 12:50 AirAsia AK1426 1 2 3 4 5 6 7 KUL RGN 6:55 8:00 AirAsia8M501 1 2 3 4 5 6 7 RGN KUL 8:55 12:55 MAI MH740 1 2 3 4 5 6 7 KUL RGN 10:05 11:15 Malaysia AirlinesMH741 1 2 3 4 5 6 7 RGN KUL 12:15 16:30 Malaysia Airlines 8M502 1 2 3 4 5 6 7 KUL RGN 14:00 15:00 MAI

Fligghtts frrom Yanngon (RGGN) to HHanoi (HHAN) Fligghtts frrom Hannoi (HANN) to Yanngon (RRGN) VN956 1 3 5 6 7 RGN HAN 19:10 21:30 Vietnam Airlines VN957 1 3 5 6 7 HAN RGN 16:35 18:10 Vietnam Airlines

Flligghhtss ffroomm Yangon (RGN) to Ho CChi Minhh (SGN) Flligghhtss ffroomm Ho Chii Minh (SSGN) to Yangonn (RGN) VN942 2 4 7 RGN SGN 14:25 17:10 Vietnam Airlines VN943 2 4 7 SGN RGN 11:40 13:25 Vietnam Airlines

Flligghtss ffrom Yanngon (RGGN) to TTaipei (TTPE) Flligghtss ffrom Taipei (TPEE) to Yanngon (RGN)CI7916 1 2 3 4 5 6 RGN TPE 10:50 16:10 China Airline CI7915 1 2 3 4 5 6 7 TPE RGN 7:15 10:05 China AirlineBR288 2 5 6 RGN TPE 11:35 17:20 EVA Air BR287 2 5 6 TPE RGN 7:30 10:35 EVA Air

Flligghhtss ffroom Yanggon (RGNN) to Kunming(KMG) Flligghhtss ffroom Kunmming(KMMG) to Yangon ((RGN)CA906 2 3 4 6 7 RGN KMG 14:15 17:35 Air China CA905 2 3 4 6 7 KMG RGN 12:40 13:15 Air China

MU2032 1 2 3 4 5 6 7 RGN KMG 14:40 17:55 China Eastern MU2031 1 2 3 4 5 6 7 KMG RGN 13:30 14:00 China EasternMU2012 3 6 RGN KMG 12:20 18:10 China Eastern (via NNG) MU2011 3 6 KMG RGN 8:25 11:30 China Eastern (via NNG)

Flligghtss from Yanngon (RGGN) to BBeijing (BJS) Flligghtss from Beijjing (BJSS) to Yanngon (RRGN)CA906 2 3 4 6 7 RGN BJS 14:15 21:55 Air China (via KMG) CA905 2 3 4 6 7 BJS RGN 8:05 13:15 Air China (via KMG)

Fligghhtss ffroom Yanggon (RGNN) to Naanning (NNG) Fligghhtss ffroom Nannning (NNNG) to Yaangon ((RGN)Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by:MU2012 3 6 RGN NNG 12:20 16:25 China Eastern MU2011 3 6 NNG RGN 10:15 11:30 China Eastern

FFligghhtss ffroomm Yangoon (RGN)) to Honng Kong (HKG) HHonngg KKoong (HKG) Flights from Yaangon ((RGN) KA251 1 2 4 6 RGN HKG 1:10 5:35 Dragon Air KA250 1 3 5 7 HKG RGN 21:50 23:45 Dragon Air

Flligghhtss ffroomm Yangon (RGN) to Guanng Zhouu (CAN) Flligghhtss ffroomm Guang Zhou (CCAN) to Yangonn (RGN) 8M711 2 4 7 RGN CAN 8:40 13:15 MAI CZ3055 3 6 CAN RGN 8:40 10:30 China Southern AirlinesCZ3056 3 6 RGN CAN 11:20 15:50 China Southern Airline 8M712 2 4 7 CAN RGN 14:15 15:45 MAICZ3056 1 5 RGN CAN 17:40 22:15 China Southern Airline CZ3055 1 5 CAN RGN 14:45 16:35 China Southern Airlines

FFlighhts ffroom Yanggon (RGN) to Koolkata (CCCU) FFlighhts ffroom Kolkkata (CCUU) to Yaangon (RRGN) Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by:

AI228 5 RGN CCU 18:45 19:45 Air India AI227 1 5 CCU RGN 10:35 13:20 Air IndiaAI234 1 5 RGN CCU 13:40 16:55 Air India (via GAY) AI233 5 CCU RGN 13:30 18:00 Air India (via GAY)

Fligghhtss ffrom Yanngon (RGGN) to GGaya (GAAY) Fligghhtss ffrom Gayya (GAY) to Yanngon (RGGN) 8M 601 1 3 5 6 RGN GAY 10:30 11:50 MAI 8M 602 1 3 5 6 GAY RGN 12:50 16:00 MAIAI234 1 5 RGN GAY 13:40 15:00 Air India AI233 5 GAY RGN 15:00 18:00 Air India

Fligghtts frrom Yanngon (RGGN) to TTokyo (NNRT) FFliightts frrom Tokkyo (NRTT) to Yaangon (RRGN)NH914 1 3 6 RGN NRT 22:00 06:40+1 ALL NIPPON Airways NH913 1 3 6 NRT RGN 11:10 17:05 ALL NIPPON Airways

FFligghhtss ffrom Yanngon (RGGN) to SSeoul (ICCN) FFligghhtss ffrom Seooul (ICN)) to Yanngon (RGGN)KE472 1 3 5 7 RGN ICN 0:05 8:00 Korean Air KE471 1 2 3 4 5 6 7 ICN RGN 18:40 22:55 Korean Air

OZ7463 4 7 RGN ICN 0:50 8:50 Asiana OZ4753 3 6 ICN RGN 19:30 23:40 Asiana

Flligghtss ffrom Yanngon (RGGN) to DDoha (DOOH) Flightts frrom Dohha (DOH) to Yangon (RRGN)QR619 1 2 3 4 5 6 7 RGN DOH 8:00 11:45 Qatar Airways QR618 1 2 3 4 5 6 7 DOH RGN 21:05 06:29+1 Qatar Airways

Flligghhtss ffroomm Yangon (RGN) to Nay Pyi Taww (NYT) Flligghhtss ffroomm Nay Pyyi Taw (NNYT) to Yangonn (RGN)Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by:FMI-A1 1 2 3 4 5 RGN NYT 7:30 8:30 FMI Air Charter FMI-A2 1 2 3 4 5 NYT RGN 8:50 9:50 FMI Air CharterFMI-B1 1 2 3 4 5 RGN NYT 11:30 12:30 FMI Air Charter FMI-B2 1 2 3 4 5 NYT RGN 13:00 14:00 FMI Air CharterFMI-C1 1 2 3 4 5 RGN NYT 16:30 17:30 FMI Air Charter FMI-C2 1 2 3 4 5 NYT RGN 18:00 19:00 FMI Air CharterFMI-A1 6 RGN NYT 8:00 9:00 FMI Air Charter FMI-A2 6 NYT RGN 10:00 11:00 FMI Air CharterFMI-A1 7 RGN NYT 15:30 16:30 FMI Air Charter FMI-A2 7 NYT RGN 17:00 18:00 FMI Air Charter

FFliightts frrom Yangoon (RGN) to Manndalay ((MDY) FFliightts frrom Manddalay (MDDY) to YYangon (RGN)Y5-234 1 2 3 4 5 6 7 RGN MDY 6:15 7:30 Golden Myanmar Airlines Y5-233 1 2 3 4 5 6 7 MDY RGN 8:10 9:25 Golden Myanmar AirlinesYH 909 2 4 6 7 RGN MDY 6:30 8:10 Yangon Airways YH 910 1 3 MDY RGN 7:40 10:30 Yangon AirwaysYH 917 1 2 3 4 5 6 7 RGN MDY 6:10 8:30 Yangon Airways YH 918 1 2 3 4 6 7 MDY RGN 8:30 10:25 Yangon AirwaysYH 727 1 5 RGN MDY 11:15 13:25 Yangon Airways YH 728 1 5 MDY RGN 9:10 11:05 Yangon AirwaysYH 731 1 2 3 4 5 6 7 RGN MDY 15:00 17:10 Yangon Airways YH 732 1 2 3 4 5 6 MDY RGN 17:10 19:15 Yangon AirwaysW9 501 1 2 3 4 RGN MDY 6:00 7:25 Air Bagan W9 502 1 2 3 4 MDY RGN 16:10 18:15 Air BaganK7 222 1 2 3 4 5 6 7 RGN MDY 6:30 8:40 Air KBZ K7 223 1 2 3 4 5 6 7 MDY RGN 9:00 11:05 Air KBZYJ 201 1 2 3 4 5 6 7 RGN MDY 11:30 12:55 Asian Wings YJ 202 1 2 3 4 5 6 7 MDY RGN 16:00 17:25 Asian Wings

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


mmbiztoday.comAUTOMOBILE 27

Myanmar Summary

Okano Lubricants Appoints Local Dealer

Japanese motor oil produc-er Okano has appointed local distributor Lotus

representative in Myanmar, the companies said.

“The high performance en-gine oil will attract car owners in Myanmar who uses Japanese

-tor of Lotus Blossom Co Ltd, said.

Okano Jidousha Shoukai Company, which sells engine oil and lubricants, is over 100 years old and is one of the lead-ing motor oil producer in Ja-pan.

Isao Okan, a representative of Okano Jidousha Shoukai Company, said: “The engine oil brands OKANO Q7 and

Phyu Thit Lwin made product and these can guarantee fully synthetic engine oil. New automobiles consum-ing diesel, petrol and CNG can be driven between 5,000 and

engine oil.”For big cars and trucks Okano

will introduce its OKANO Q9 (15W-40) engine oil in Myan-mar soon, he said.

Yangon to Use

Controllers

The Yangon region gov-ernment is planning to

controllers to allay the woeful

capital and commercial hub of

The system will be introduced in the city with assistance from Japan, Aung Khin, Yangon re-gion’s transport minister, said.

The system was tested at the -

cember last year.The minister said the test re-

sults were satisfactory, and the authorities are now in talks with Japan International Coop-eration Agency (JICA) to install the system in the intersections

Yangon has more than 160 -

mates.

Su Su

Jaguar Land Rover Sales

Tata Motors Ltd, India’s biggest automaker by revenue, saw third-quar-

highest in a year-and-a-half on

Jaguar Land Rover vehicles and a one-time accounting gain.

which Tata Motors bought in

past two years. The unit sold a record 425,006 saloons and sports utility vehicles in 2013 in countries including Brazil, Chi-na, India and the United States.

The company beat forecasts

Aradhana Aravindan

and posted last week a 195 per-

million), its highest quarterly

Tata’s domestic operations

rupees for the quarter, while -

bled to £619 million ($1.01 bil-lion). Reuters

Myanmar Summary

Myanmar SummaryOKANO Engine Oil \ jrefrm

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tqdkyg OKANO tif*sif0dkifudk jzef Y jzL ; a&mif; c s aom O K A N O JIDOUSHASHOUKAI ukrÜPD vDrdwufonf *syefEdkifiHwGif ukrÜPD

oufwrf; ESpf 100 ausmf&SdaeNyDjzpfNyD;? *syefEdkifiH\ aps;uGufwGif eHygwfwpf ae&mrS OD;aqmifvsuf&SdaMumif; od& onf/

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vGefcJhonfhESpf 'DZifbmvwGif &efukef NrdKU 8 rdkifvrf;qHkü tqdkygpepftm; prf;oyftoHk;jyKrIjyKvkyfcJhaMumif;? 0ef BuD;\ajymMum;csuft& prf;oyftoHk;jyKrI tajctaeonf tvGefauseyfz G,f aumif;aMumif; od&onf/

A showroom attendant polishes a Jaguar vehicle at a Jaguar Land Rover showroom in Mumbai.

Vivek P

rakash/Reuters

tdEd´,EdkifiH\ armfawmfum;vkyfief; BuD;jzpfaom Tata Motors Ltd onf wwd,oHk;vywfumvwGif tom;wif tjrwfaiG&&SdrIonf 3 qrQ ydkrdkjrifhwuf

tpm;jzpfonfh Jaguar Land Rover um;rsm;tm; 0,fvdktm; tvGefaumif;rGef rIaMumifh ,ckuJhodkY tjrwfaiGwdk;wufvmcJhjcif;jzpfonf/

2013 ckESpfwGif b&mZD;? w½kwf? tdEd,ESif htar&duefwdkYtygt0if EdkifiH rsm;wGif Tata Motors Ltd onf qvGef;um;tpD;a& 425ç006 pD;ESifh tm;upm;toHk;taqmifypönf;rsm; o,faqmifonfhum;rsm;udk a&mif;cscJh &aMumif; od&onf/

Models display Okano lubricants during a launching ceremony in Yangon.

Phy

u T

hit L

win


mmbiztoday.com

28IT & TELECOM

Myanmar Summary

LG Jumps into Fitness Tech; Unveils First Flexible OLED TV

Kyaw Min

South Korean electron-

by introducing two wearable products – Lifeband Touch and Heart Rate Earphones – recent-ly, the company said.

Lifeband Touch is an activity tracker that is compatible with heart rate monitors (HRM) as well as smartphones. The Heart Rate Earphones allow users to measure their heart rate while

unveiled at the 2014 Interna-tional Consumer Electronics Show (CES) in Las Vegas, can wirelessly link up to each other.

The company said both de-vices are designed to help users take “greater control over their health.”

Connected to smartphones (Android and iOS), the devices can transmit data to the LG Fitness app, or to a number of other third party apps such as MyFitnessPal, Runkeeper or MapMyFitness, LG said.

Lifeband Touch features a

time, biometrics, incoming calls and music controls, and the

and altimeter allows the de-vice to accurately measure key performance indicators such as distance, speed, number of steps, calories consumed and projected pace. All this infor-

display.The company said the device

has been engineered to be light-weight and simple to use – it incorporates a motion-sensing algorithm that automatically turns on the display when the wearer rotates her wrist. Life-

connectivity via Bluetooth to

Models display LG’s Lifeband Touch at the 2014 International Consumer Electronics Show (CES) in Las Vegas.

LG

transmit data to a smartphone or receive data from third party devices.

The Heart Rate Earphones feature PerformTek sensor technology which measures

-

ear to capture accurate biomet-ric data such as heart rate and

-lion connected to the earphones provides Bluetooth connectiv-ity, enabling the unit to send data to a smartphone.

“We wanted to introduce

-day’s tech savvy consumers and

brought something new to the table, which in our case meant

functionality,” said Jim Clay-

the Home Entertainment Com-pany.

“The uniqueness of our wear-able devices is that they weren’t

also for day-to-day use in the

Lifeband Touch, you can get call

your smartphone while the Heart Rate Earphones are per-fectly happy playing back music

-ercising. These are much more

devices.”Lifeband Touch

and Heart Rate Earphones will be available starting in the United States in

2014, to be fol-lowed by rollouts in other markets.

TV that chang-es shape

The company also unveiled the

-

the CES. With this TV unit, viewers can con-

trol the angle of curvature to -

ed to their particular needs, the company said.

product that has to be seen to

description,” said HH (Hyun-hwoi) Ha President and CEO of LG’s Home Entertainment Company.

-ble is to curved. LG continues to lead the evolution of televisions

The curvature of the display

be altered using the TV remote to suit the viewer’s preference. The range of curvature was de-termined by taking into account

and viewing distance.

Models display LG’s Flexible OLED TV at CES 2014.

LG

LG’s Lifeband Touch.

LG

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mmbiztoday.comIT & TELECOM 29

Myanmar Summary

Ooredoo Launches Myanmar Website Phyu Thit Lwin

Qatar’s Ooredoo, which was granted a telecom

ruary by the government, has

said.The website, www.ooredoo.

com.mm, is available in both English and Myanmar lan-guage.

Ooredoo has maintained a

ence since it won a licence to operate in Myanmar in June last year. At the time of writing this report, the company’s My-anmar facebook page had over 165,000 “likes”, while its Nor-wegian rival Telenor’s facebook page had about 46,000. Oore-doo Myanmar is also present on other social media platforms like Twitter, LinkedIn and Ins-tagram.

Ross Cormack, CEO of Oore-doo Myanmar, said: “From now

on we must work ... to launch

tive licence date. ... Myanmar

tions towards the products and services we will be delivering in a few months time.”

Earlier the company said it will launch 3G mobile services

date and cover 97 percent of the

“We must keep our promises in delivering our services and products to the people of Myan-mar. Keeping the promises by word of mouth isn’t enough,” Cormack said.

jrefrmtpdk;&u csay;cJhonfh qufoG,f a&;vdkifpifudk &&SdcJhNyD;jzpfonfh umwm EdkifiH\ qufoG,fa&;vkyfief;BuD;jzpfaom Ooredoo onf azazmf0g&DvwGif

0ufbfqdkuftm;wnfaxmifcJhNyD;jzpfaMumif;

od&onf/ www.ooredoo.com.mm 0ufbfqkduftm; jrefrmbmompum;ESifh t*Fvdyfbmompum;ESpfrsKd;jzifh Munfh½IEdkif&ef aqmif&Gufxm;aMumif; od&onf/

vGefcJhonfhESpf ZlvdkifvwGif jrefrm EdkifiHu qufoG,fa&;wif'gac:,lrIwGif wif'gtEdkif&&SdcJhNyD;aemuf Ooredoo onf ta&;ygaomvlrIrD'D,mwpfckudk pwifaqmif&GufcJhjcif;jzpfonf/ xdkYjyif ukrÜPD\ facebook pmrsufESmwGif vnf; Like aygif; 165000 udk &&Sd xm;aomfvnf; NydKifbuf aemfa0;qufoG,fa&;vkyfief;jzpfaom Telenor \ facebook pmrsufESmonf Like aygif; 46000 om &&Sdxm;onf/

xdkYtjyif Ooredoo Myanmar tae jzifh vlrIrD'D,mrsm;jzpfonfh Twitter, Linkedin ESifh Instagram wdkYwGif vnf;&SdaeaMumif; od&onf/Ooredoo Myanmar \ pDtD;tdkjzpfol Ross Cormack u jrefrmjynfolrsm;onf rMumrDvtenf;i,ftwGif; rdrdwdkY\xkwfukefrsm;ESifh 0efaqmifrIrsm;tay: tvGefarQmfvifhaeaMumif;vnf; ajym Mum;cJhonf/

Japanese telecommunica-

ing house Sumitomo are jointly in talks with the gov-ernment of Myanmar about launching a mobile phone ser-vice in the country, a move set to pit the Japanese consortium against two foreign rivals that were already given much-covet-ed telecommunications licences there.

try into Myanmar's potentially huge cell phone market by Jap-anese companies. The duo has obtained preferential negotiat-ing rights to form capital and business alliances and set up a joint venture with the state-run Myanmar Posts and Telecom-munications (MPT).

compile a business plan by the

end of March, laying out details including how to split the costs of building base stations and other infrastructure.

With an initial investment of some 100 billion yen ($974 mil-lion), the partners aim to set up base stations so they can pro-vide high-speed wireless service

Yangon and elsewhere.At present, only one in 10

people have cell phones in My-anmar. MPT has a monopoly in the sector but has struggled to make the service widespread

neers. Aiming to raise the pen-

three years, the government ap-parently considered privatising MPT, in a bid to attract foreign technology and money.

Last June, the Myanmar gov-ernment held a tender for li-cences granting the right to provide cell phone services in

tomo alliance took part, but lost out to Telenor of Norway and Qatar’s Ooredoo. With these two

launch their own services as early as this fall, the market will likely be split among three players.

Last year, Sumitomo built 50 base stations in Myanmar that can support the high-speed LTE data service, after a request from the government. For its

for a second emerging market

As the ranks of middle-income consumers grow in Myanmar,

cell phones are increasingly in demand. Raising the market

would bring 40 million new us-ers into the market. Nikkei

Myanmar Summary

A staff member talks on the phone at the reception desk at the Yatanarpon Tel-

Yatanarpon to Receive Telecom Licence

Htet Aung

The Myanmar ministry of communications and in-formation technology is

planning to award a telecom li-cence to the Yatanarpon Public Company to run communica-tion services across the nation, local media reported.

Yatanarpon Teleport Compa-ny is currently selling internet lines and pre-paid cards but is also investing in other busi-nesses. The four telecom com-panies (including MPT) will also participate in fair competi-tions, the ministry said.

The ministry earlier signed nationwide licence agreements with foreign telecom companies Telenor and Ooredoo. State-run Myanmar Posts and Telecom-munications (MPT) was for a long time the sole operator.

Ooredoo said it will employ Myanmar nationals at 90 per-cent, provide telephony ser-

vices and launch 4G networks. Telenor said it will provide 2G and 3G networks and use HSPA and LTE technologies to install mobile networks. Both Oore-doo and Telenor said they will charge calls initially at K25 (2.5 cents) per minute and sell SIM cards at K1,500 ($1.5) each.

Myanmar Summary

Soe Z

eya Tun/Reuters

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&wemyHkw,fvDydkYukrÜPDonf vuf&Sd tcsdefwGif tifwmeufvdkif;rsm;ESifh zkef; aiGjznfhuwfrsm;udk a&mif;csay;aeonfh tjyif tjcm;vkyfief;rsm;wGifvnf; &if;ESD; jr§KyfESHxm;onf/ jrefrmhqufoG,fa&;tyg t0if qufoG,fa&;ukrÜPD 4 ckvnf; vdkifpif&&Sd&eftwGuf BudK;yrf;oGm;rnf jzpfaMumif; 0efBuD;XmerS ajymMum;cJ honf/ A screenshot of Ooredoo's recently launched website.

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mmbiztoday.com

30SOCIAL SCENESMercedes-Benz Launches CLA Class @ Myanmar

Int'l Fashion Week 2014

A booth at Myanmar Int'l Fashion Week 2014. Phyu Th it Lwin

MCs present Mercedes-Benz CLA Class. Phyu Th it Lwin

Th e unveiling. Phyu Th it LwinModels pose in front of a Mercedes-Benz CLA Class car. Phyu Th it Lwin

Models pose in front of a Mercedes-Benz CLA Class car. Phyu Th it Lwin

Visitors look at the Mercedes-Benz CLA Class. Phyu Th it Lwin

Executives look at the Mercedes-Benz CLA Class. Phyu Th it Lwin

Executives look at the Mercedes-Benz CLA Class. Phyu Th it Lwin

Gripz Myanmar's Flagship Store Opening

A model displays Gripz products. Phyu Th it Lwin

Models at the launching ceremony. Phyu Th it Lwin

MC introduces Gripz prod-ucts. Phyu Th it Lwin

A model displays Gripz handbag. Phyu Th it LwinGripz products. Phyu Th it Lwin

Lotte MGS Beverage Opening Ceremony

Lotte and MGS executives pose for photos. Lotte

67th Anniversary of Shan State Day

Shan ethnic people perform during the ceremony celebrating the 67th anniversary of Shan State Day in Yangon. U Aung/Xinhua

Pa-Oh ethnic girls perform during the ceremony. U Aung/Xinhua

Lahu ethnic people perform during the ceremony. U Aung/Xinhua

Pa-Oh ethnic girls perform during the ceremony. U Aung/Xinhua

A Pa-Oh ethnic girl performs during the ceremony. U Aung/Xinhua

An Akha ethnic girl smiles during the ceremony. U Aung/Xinhua

Shan ethnic people perform during the ceremony. U Aung/Xinhua


mmbiztoday.com

31CLASSIFIEDS


mmbiztoday.com

32ENTERTAINMENTIsraeli Bestseller Now Available

in Myanmar Language

An Israeli bestseller chil-dren’s book has been translated from Hebrew

into Myanmar language in a bid to promote reading among young children in the Southeast Asian country.

Isralei author Michal Snunit’s

lated as part of the framework and the events celebrating the 60th anniversary of the estab-lishment of diplomatic relations between Israel and Myanmar, the Israeli embassy in Yangon said.

The embassy has aided in translating the book from He-brew and also redesigned it as part of its special education project, it said.

stage, the embassy will donate thousands of the book’s copies

Kyaw Min

to schools and public libraries throughout the country.

“We believe that this dona-tion on behalf of the ‘people of the book’ will contribute in promoting reading habits of the young generation in Myanmar,” the Israeli embassy said, add-ing that the embassy “acted as a bridge between Israeli chil-dren’s books and the children of Myanmar.”

The book was introduced dur-ing the writer’s participation at the Irrawaddy Literary Festival 2014 at Mandalay Kuthodaw Pagoda from February 14 to 16.

Michal Snunit was born in Kibuttz Ein Hahoresh, Israel. She studied thea-tre and literature at Tel-Aviv University, and worked in ag-riculture, with kib-butz children before becoming a journal-ist and magazine editor from 1976 to

In addition to her poetry, she has writ-ten for young read-ers and her book, The Soul Bird, a national and inter-national bestseller, was awarded the

prize for children books in Geneva in 1993. The Soul Bird has been translated into more than 25 languages.

In 2005, Michal was award-ed the Israel Prime Minister’s Prize, and in 2006 The Soul Bird was awarded Book of the Year by the Ministry of Educa-

has also been translated into

atre in 2010.Her other books available

in international translations include: Come and Hug Me; Hand in Hand With God – Or: When a Wish Meets a Star; and The Way of Love.

Israeli writer Michal Snunit with her book The Soul Bird’s Myanmar transla-tion.

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Isra

el

The book cover of The Soul Bird in English.

The Pandaw Kalay on the Irrawaddy River in Myanmar.

Pandaw

Pandaw Unveils “Lost Burma”Shein Thu Aung

Ssmaller, shallow-draft vessels to open up the virtually un-tapped spectacular upper reaches of the Chindwin and Ir-

rawaddy rivers in Myanmar, the company said.

of the most picturesque mountain and forest scenery in Southeast Asia right up to near the Indian border with calls at towns and tiny villages rarely seen by tourists.

Australian representative for Pandaw, John Boyd, said the com-pany, which currently operates 11 vessels in Myanmar and Vietnam with two more scheduled for 2014, was concentrating on building

“This was contrary to the policy of other river operators frantic to build or buy large capacity less-navigable river craft for the already crowded Pagan-Mandalay sector of the Irrawaddy,” he said.

The new shallow-draft 40-passenger Pandaw Kindat and Pandaw Kalaw can cruise to areas in Myanmar no other commercial vessel can reach, he added.

All Pandaw craft are replicas of pre-World War II colonial river steamers with teak and brass staterooms.

The tiny Pandaw Kalay, which went into service in January, is the shallowest draft vessel in Myanmar (75cm), the company claims. With one spacious owner’s suite and only four main deck state-rooms, it is aimed at the private charter market.

Yangon river cruise services boom in MyanmarYangon river cruise servic-

es, one of the privatised sectors in Myanmar, has

been booming as local business-people make more investments in Myanmar’s tourist sector.

The number of tourists enjoy-ing the sightseeing tour on the

capital is on the rise, state-run media reported.

The river cruise service allows visitors to celebrate birthday party and other special celebra-

A sightseeing cruise tour is priced at about $5 for locals and $20 for foreign tourists. Price may vary depending on the types of cruises.

Myanmar Port Authority re-cently started upgrading the

Aye Myat Wadan jetty where private-owned cruises are allowed to dock.

sightseeing tours along Yan-gon river. Cruise services are

Ayeyarwady river also.The number of tourist arrival

pected to visit Myanmar to at-tend ASEAN-related summits to be hosted by Myanmar dur-ing its ASEAN Chairmanship in 2014.

Last year, Myanmar attracted over 2 million tourists, of whom 1.14 million entered through

through airports.Myanmar targets 3 million

tourist arrivals in 2014.A diver prepares to dive in the Yangon River in search of coal from a sunken ship in Myanmar.

Soe Z

eya Tun/Reuters

myanmar business today - vol 2, issue 8

News & Politics