Myanmar Business Today Vol 3, Issue 43

November 5-11, 2015Myanmar Business Today

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mmbiztoday.com November 5-11, 2015 | Vol 3, Issue 43MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL

Inside MBT

Geothermal Energy in Myan-mar: Securing Electricity for Eastern Border Development P-6

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

Health Care Spending on the Rise in Myanmar P-21

Businesses Hesitant in Prelude to Elections

Tourism, investment, legislation expected to resume in late November

Uncertainty regard-ing the national elections on No-

vember 8 has caused many business decisions to be

year, members of the busi-ness community told My-anmar Business Today.

Dr Myo Thet, vice-chair-man of UMFCCI said, “Everything depends on the results of the elec-tion. If the country goes forward and forms a new government peacefully, the country's economic situation will be good. Business leaders are hesi-tant to invest now, but can make informed decisions at that time. We can’t pre-dict the country's situa-tion even a few weeks into the future, as so many things depend on the re-sults of the election.”

Many issues facing the country will have to be re-solved after the elections.

According to U Than Soe, an economist and political candidate, “My-anmar's economy cannot be separated from the

In the week surround-ing the full moon fes-tival of Thadinggyut,

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

Zayar Nyein

Tin Mg Oo

country's political situa-tion. A lack of rules and regulations in business and the extremely high land prices are barriers to investment. The country's economy largely depends on how much we can im-prove these weaknesses.”

US engagement with Myanmar will be heavily

weeks. Assistant Secre-tary of State Daniel Rus-sel was reported last week by Reuters as saying, "It is critically important that all parties accept the results of the polling. Our ability to assist the new Burmese government, let alone to look at relaxation of sanctions ... will depend on our assessment of the integrity of the overall process. The conduct and results of these elections will fundamentally shape our engagement with the Burmese government in 2016 and beyond."

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Street Festivals Are Big Business,

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

Myanmar SummaryMyanmar Summary

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Business News in Brief

Myanmar Summary

Myanmar imports palm oil to meet cooking de-mand

Myanmar imported 400,000 tons of palm oil annual-

report said on Sunday. The most common domestically produced cooking oil is produced from peanuts and to-tals 500,000 tons per year, while edible oil consump-tion now exceeds 900,000 tons, the Edible Oil Dealers' Association was quoted by Xinhua News Agency as say-ing. The association attributed the low edible oil pro-duction to a low number of peanut oil mills in operation nationwide. Since 2011, Myanmar has granted private companies licenses to import palm oil from Malaysia and Indonesia in a bid to meet the demand.

Ooredoo Myanmar to receive IFC loanQatari telecom provider will receive a $150 million

loan from the International Finance Corporation (IFC), the investment arm of the World Bank, to expand its network infrastructure, the Gulf Times reported. Oore-doo currently operates 2,800 towers, and the company claims that its network can cover 85 percent of popu-lated areas.

Myanmar to receive attention from satellite providers

and further commitments to the development of My-anmar’s infrastructure, the global satellite industry will hold a Myanmar Satellite Forum for the second year.

advances in social and economic development, Myan-mar could develop as one of Asia’s fastest-growing mar-kets. The Satellite Forum runs as part of Communicast Myanmar 2015, held at the Myanmar Event Park in Yangon on November 17 to 19.

India to prioritize commercial ties over secu-rity in border area

In a strategic shift, the government of India will prior-itize commercial links over security concerns in the bor-der areas in India’s northeast, unnamed government

only safety in the region, which has been torn by insur-gencies. The Indian government is working towards the development of a highway from India to Thailand as part of their government’s Look East policy.

Telecom tower boom is not over yet- reportThe telecom tower market in Myanmar is projected

to witness fastest compound annual growth rate of over 28% between 2015-2020, according to a report titled, “Telecom Tower Market Forecast & Opportunities, 2020 – Indonesia, Malaysia, Cambodia and Myanmar.”

Indonesia remains the largest market in Southeast Asia. Factors driving growth in Myanmar will include

the anticipated entry of a fourth telecom operator in the market.

Caterpillar denies jade connectionConstruction equipment manufacturer has stated

that they appropriately screened mining companies in Myanmar before doing business,The Irrawaddy maga-zine reported. This comes in the face of allegations that the company has been connected to sanctioned jade mining companies. The report by watchdog group Global Witness claimed that Caterpillar’s, “local dealer-ship is linked to a group of companies which appears to be controlled by US-sanctioned narcotics kingpin Wei Hsueh Kang.”

AYA Bank gets IT upgradeMyanmar’s Ayeyardwady Bank (AYA Bank) has con-

tracted systems integrator NEX4 ICT Solutions to -

ture. From banking, trading to payment services, AYA Bank’s employees across the country create and man-age high amounts of data ranging from customer infor-

-ing growth in business, AYA Bank needed the ability to provision the necessary support to manage the rising

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Myanmar Summary

Myanmar Summary

The Myanmar Gold Entrepreneurs As-sociation is collabo-

rating with government ministries to create a cen-tral gold market in Myan-mar.

“We held a workshop to discuss obstacles related to selling Myanmar gold in international markets. Gold is still listed as re-stricted good,” U Kyaw Win, secretary of the My-anmar Gold Entrepre-neurs Association told Myanmar Business To-day.

To create a central gold market, the Ministry of mines, Ministry of com-merce, Department of Internal Revenue, Myan-mar Gold Entrepreneurs Association, gold miners and legal experts will co-operate and hold industry workshops.

A massively updated Myanmar Mines Law is currently awaiting pas-sage by parliament, after which an organization to operate the central gold

The Myanmar Cof-fee Producers and Exporters Group is

planning to distribute in-

Zayar Nyein

Zin Thu Tun

market will also be need-ed. Discussions have been ongoing for months to up-date the Myanmar Mines

-acted in 1994.

“The current law has lost some relevance. The regulations that regulate

are produced and how raw resources are manage are not included in that law. We discussed this in workshops and submit-

-istries,” said U Kyaw Win.

Yangon' gold shops cur-rently run their business-es under the jurisdiction of YCDC.

Quality ControlAlthough Myanmar's

gold is high quality, mod-ern technology is needed

-ished products.

In part due to technical requirements to produce

cannot be exported. Only raw material can be pro-duced locally, and higher quality standards are needed to sell Myanmar

gold in international mar-kets, said U Win Kyaw.

U Tan Die, director of Ministry of Mines, told Myanmar Business To-day, “We need to change some outdated regula-tions, and we also need to clarify some penalties and punishments which were set years ago,” U Tan Die added.

In Myanmar's gold market, there is current-ly no central source to know where or how the gold price is determined.

and states.“We need to set stand-

ard measurements for gold. For instance, a dol-lar rate is set by central bank, as opposed to Kyat rates set in markets, and the units of weight and measurement used by various businesses do not match up,” U Tan Die ex-plained.

After standardizing the weights and measures of Myanmar gold, prices can be calculated and com-pared with international

measurements, said U Tan Die.

However, the debate around the Mines Law is undergoing, so central gold market must con-tinue wait for the govern-ment's nod of approval.

Gold Industry Attempts to Standardize Gold Market to Prepare for Export .

the teashops in a move to move people away from

The majority of tea shops serve powdered in-

-

“A cup of pure, high-

much as K4,000. People with low income jobs can-

they have to drink poor

will change our business strategy so that tea shops

K500 per cup,” said U Min Hlaing, secretary of

-ers and Exporters Group.

If they can distribute and introduce pure cof-fee to tea shops cheaply,

drinkers should increase, U Min Hlaing said, add-

-ducers and exporters are discussing more ideas to

consumption.There are about 10,000

-tion in Myanmar which produce 500 tons to 700

exported to China. There are many brands

-ket with none holding a dominant share, includ-ing Shwepuzun, Shwey-

inmar, Lonestar, Pot Pot, Arnandar, Rich, Shwe La Won, and Premier.

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Myanmar Summary

David DuByne & Hishamuddin Koh

As the world has seen over the last 15 years, solar pan-

els and wind turbines for grid scale power have lim-its due to the lack of con-tinuous wind or sunlight. These renewable energy sources are great for de-veloped economies with 24/7 electricity availabil-ity as an-add in electrical source, but what about Myanmar, which is only just beginning to modern-

grid from 1960s infra-structure?

Coal has a place in My-anmar’s future thermal power generation plans, but where delivery by rail to remote destinations which is economically im-practical, for example in the remote eastern border with Thailand, electricity for rural economic growth needs to be re-thought.

Additionally, add in right of way disputes along eve-ry meter from point A to point B through rural areas for power projects. Villag-ers are well aware of their rights for land compen-sation and have severely

which farmers are asking as much as $50,000 per acre to place line towers above dirt track accessible farmland.

-er plant development in Kalawa, Lashio, Tigyit and Eastern Shan areas will connect major dry zone population centers and newly established industrial zones along the Irrawaddy River with 500kV Double Circuit lines. However remote eastern areas sharing a border with Thailand will need years until steady electricity by way of grid expansion reaches towns, villages and factories.

Geothermal power pro-duction in Eastern Myan-mar will localize electrical production, shortening delivery distances reach-ing the end user, with secondary agricultural processing uses speed-ing rural development. Villages will experience socio-economic improve-

ment of rural productiv-ity and income as well as enhancement of farmers’ skills and capabilities in adopting new technolo-gies and managing bio-resources.

Building BlocksRural and Livelihood

Development is a key building block in the Cen-tral Government’s na-tional development plan, which plans to position the country’s agriculture industry as the food bas-ket of Asia within two decades. These ambitious plans will require tenac-

investments to upgrade machinery, seed stock, fertilizer input, crop han-dling & storage methods, refrigeration, secondary processing & dehydrat-ing.

The bio-village concep-tualized by Hishamuddin Koh envisions active par-ticipation by farmers in villages with low income and productivity. They can be brought out of pov-erty if villages have sig-

under crop or animal pro-duction for food or biofu-els and access to reliable electricity even at mini-mal levels for processing bulk products higher up the value chain.

The proposed project

capable of promoting self-reliance among the farm-ing community in the pi-lot village or subsequent close proximity villages. There must be a need for agronomic and technical inputs to enhance greater productivity with a model

for subsequent similar development in other vil-lages. Technical (includ-ing training) is also a key component of self-reliability training to get villages away from con-

support due to poverty. Current development

plans or bio village con-cepts are meaningless unless there is a reliable power supply. So the next question to be raised is: How will geothermal power stations and rural livelihood development

each other?

Hot Water2015 Photius.com elec-

tricity consumption per capita rankings put My-anmar at 109.3 kW and USA at 12,185 kW. Myan-mar consumption is low, not because citizens do not want to use electric-ity, but because it’s simply not available.

With roads leading to the newly constructed geothermal power plants, agriculture transporters can bring necessities to boost agricultural output and transport processed crops to market. In re-ality, if you can’t move people or crops you sure can’t move income and the economy stagnates. Geothermal Power will provide upgraded trans-portation routes, steady electricity along with ru-ral & tourism develop-ment.

There are at least 39 lo-cations already marked by the Myanmar Engi-neering Society capable of geothermal power pro-duction and some of these hydrothermal reservoirs lie quite close to Yangon

-derutilized resource. Pre-liminary investigations had been made on 43 locations in 1986 by My-anma Oil and Gas Enter-prise (MOGE). Addition-ally in 1990 UNOCAL in cooperation with (MOGE) conducted analysis of ge-othermal data from sam-pling of 15 hot spring sur-

face discharges of 57°C or higher.

Surface exploration re-vealed a total of 93 ther-

Kachin State, Shan State, Kayah State, the southern part of Rakhine State in Kyaukphyu, central My-anmar, Shwebo-Monywa area and especially in Mon State and Tanintha-yi Division. Drilling and

wells is the next step.

The Strong DollarHot spring systems with

surface temperatures near or greater than 50°C have potential for Binary Cycle Power Plant Gen-eration, with an estimated break even power cost of 5.3-8.6 U.S cents/kWh or in Myanmar Kyat 53-86K per kWh. This pegs a non-

which is a main concern for power project funding.

Between June 2012 and October 2015, the Myan-mar Kyat depreciated by approximately 35%, from 850 down to 1300 against the US Dollar. Local busi-nesses with foreign de-nominated loans from abroad suddenly found themselves rushing for a strategy to mitigate cur-rency risks. Myanmar’s current lack of available currency hedging solu-tions presents a real chal-

With the IMF forecast-ing Myanmar’s economic growth at 8.25% in 2016, demand for credit is in-creasing, yet, the bulk of SME’s remained credit

deprived. Myanmar’s forwar- thinking Union Government wanting to stimulate economic de-velopment by address-ing this problem, issued a new draft of the Public Debt Management Law aimed at restating and clarifying some of the ex-isting rules with respect to Government loans, bonds, borrowing & guar-antees.

States and regions may -

ing, but only with union government approval. In the same law, foreign banks will be able to is-sue loans to State Owned Enterprises (SOE’s) and there are nine clauses de-scribing when the Union Government can obtain

The main drawback with these proposed changes is that along with depreciation pressures, in the current FX deriva-tives market there are no currency forwards for long term foreign denom-inated loans on the Kyat leaving only the option of Political Risk Insurance to cover currency losses, if at all.

Currency volatility is clearly a risk. Hedging solutions backed by a basket of currencies to

-ered by commercial mar-kets, should be included in Myanmar’s central risk mitigation strategy by di-versifying exposure over a number of currencies worldwide.

-

Ministry of E

lectric Pow

er

In USD terms, un-hedged loans using a basket of emerging mar-ket currencies and major trading partner’s curren-cies will minimize the impact of an un-hedged position when spread through USD, THB, & SGD for example. This will allow the borrower at disbursement to receive funding denominated in local currency and is a lo-cal currency loan liability.

are actually still done in

This will minimize cur-rency risk from Myanmar borrowers and reduce non-performing loans to

machinery and services. This must be a core part of any discussion involv-ing machinery loans for infrastructure build outs countrywide, especially on longer term projects such as geothermal ener-gy, ports and water treat-ment.

Contd. P 7...

Contd. P 7...

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mmbiztoday.com

7LOCAL BIZ

Include ShrimpAn inclusive approach

bio-village based around geothermal power will in-crease rural productivity and income alleviation, environmental protection and improvement, as well as capacity building of farmers’ skills and knowl-edge through technology transfer, management and maximizing the use of rural Bio-resources. Its success will provide im-petus and impact in de-veloping other villages. It also addresses the crucial issues of energy and food crisis at the village level. The 3A’s (availability, ac-

-ity) are crucial to increas-ing farmer’s income and productivity.

Binary Cycle Geo-thermal Power Plants use more common hot water resources (200–300°F/100-148°C).Hot water is passed through a heat exchang-er in conjunction with a secondary (hence, bi-

lower boiling point (usu-ally isobutene or isopen-

vaporizes, pushing the turbines, which drive the generators. Enclosed

recycled through a heat exchanger. Geothermal

returned to the reservoir. Binary plants use a self-contained cycle, nothing is emitted.

Exhaust water from power plants can be used in greenhouse applica-tions, heating water to

shrimp, drying process heat for dehydrating ag-ricultural crops and pro-cessing higher up the value chain than a simple bulk commodity. These

farmer’s production costs and speed rural develop-ment with other options of “Zero Waste” utiliz-ing all forms of biomass, from crops waste to grass and weeds and converting these into energy sources.

Keeping Up With Demand

Direct heating applica-tions can use much shal-lower wells with lower temperatures, so smaller systems with lower cost and risk are feasible. Res-idential geothermal heat pumps with a capacity of

10kW are routinely in-stalled for around $1,000

-able for townships.

According to the Min-istry of Electric Power (MOEP), new capacity must increase at 15% per year to stay even with forecast electrical con-sumption country wide.

total combined electrical generation from hydro, natural gas and coal was 3,495 MW in 2012, but by 2030 the maximum demand will increase to 18,900 MW.

-crease in 18 years so the obvious questions are:

How will the required electricity demand for economic development be produced?

Which sources and op-tions are available for sovereign, state or mu-

-nance projects with for-ward hedging strategies against Kyat devaluation and repayment in foreign currency?

Looking out to 2030 Geothermal is not men-tioned in MOEP’s in-stalled capacity forecast increases. The question is why not?

Experts estimate older equipment and infra-structure throughout My-anmar currently result in about 40% of generated power not reaching its ul-timate destination due to both technical and non-technical losses. This is the exact reason localized power systems are needed for regional areas which will install fully functional smaller kV transmission lines.

Build out and ROI cal-culating levelized cost of electricity are incredibly important in Myanmar’s emerging economy. Lev-elized cost of electricity (LCOE) is a measure of a power source which at-

-ent methods of electricity generation on a compara-ble basis. It is an econom-ic assessment of the aver-age total cost to build and operate a power-generat-ing asset over its lifetime, divided by the total power output of the asset over that lifetime. LCOE is the cost at which electricity must be generated in or-der to break-even over the lifetime of the project.

The Energy Informa-tion Administration (EIA) 2017 levelized costs put Geothermal at $100/MW hour, equivalent to

combined Cycle Thermal Coal with Carbon Cap-ture Storage. LCOE is for power generation only; it does not take into consid-eration rail lines for deliv-ery of coal or associated MRO costs and periphery inputs in the fuel/coal delivery system. Geother-

-tages in that it does not require delivery of fuel.

There are two avail-able geothermal power solutions for Myanmar’s power dilemma in rural communities: Binary Cy-cle Power Plants of 50-100MW and Small-Scale Geothermal Power Plants under 1MW. This means

addressed and programs

requirements in a variety of circumstances allow-ing rural development to take place. It’s the best of two worlds, clean non-polluting power and con-stant electricity supply which will preserve the landscape for tourism and boost farming community incomes.

This is what Myanmar needs to insure it stays “a jewel of nature” in our

modern world, protected environment but at the same time provides op-portunities and potential for accelerated economic growth, by addressing the crucial issues of energy and food crisis at the vil-lage level for localized ru-ral development.

David DuByne is the Myanmar contact for U.S. Exim Advisors, a Di-rect Lender for the U.S. EX-IM Bank with Pri-vate Market for Medium Term Loans and Trade Credit Insurance. He can be reached at [email protected]

Hishamuddin Koh has over 25 years of experi-ence in agriculture & ru-ral development and is Executive Chairman of Hisham Koh and Associ-ates and the Myanmar Plantation Management & Advisory Co (MPMAC) along with Myanmar Food Technology. He can be reached at [email protected]. Views and opinions expressed in this article are the author’s

-anmar Business Today’s editorial opinion.

From page 6... From page 6...

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Energy Inform

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Myanmar Summary

Zin Thu Tun

Zin Thu Tun

The permitted ton-nage for cargo trucks has been

increased nationwide in accordance with seasonal variations, according to the ministry of construc-tion.

According to the change, which took af-fect in October, 5-axle 14 wheeled trucks have had their permitted maximum increased from 30 tons to 31 tons, and 4-axle 14 wheeled trucks have been increased from 33 tons to 34 tons.

5-axle and 18 wheelers have gone from 41 tons to 46 tons, and six axles and 22 wheeled trucks gone from 48 tons to 50.5 tons.

These increases occur seasonally, as roads are more easily damaged dur-ing the rainy season.

“It is usual to increase tonnage after the rainy season. Although more tons have permitted to carry, the fees of the freight services won’t change,” said U Hla Oo, chairman of Highway

The price of onions rose by K500 per viss (1.6 kilograms)

in October due to in-creased exporting to re-gional countries and lack of stock on the local mar-ket.

Freight Transportation Service Association.

To transport freight, truckers should only car-ry the permitted tonnage and trucking companies should make sure that the driver follows the rules, he added.

The Ministry of con-struction announced that trucks who carry more than the permitted ton-

infractions. Freight trans-

along the Muse-Mandalay route and Mandalay-Yan-gon route.

Zarni M

in Naing

Onions retailers dis-cussed the import of on-ions from other countries in order to control prices.

Then they decided not to import onions because onions will be harvested in November, said U Khin Han, vice chairman of on-ions retailer association

from Bayin Naung whole-sale center.

“This is due to market demand and also the low onion stock on the mar-ket. We won’t import onions for this reason. The onions will appear next month,” said U Khin Han. Currently, onions

sell for between K1,700 to K1,900 per viss.

Some merchants have -

enced the rise in price, but the price will soon come down, U Myint Cho, director of the onion trade promotion department, told Myanmar Business Today.

About 25 trucks of on-ions enter Bayin Naung wholesales center daily from Myingyan, Taung-tha, Pyaw Bwe, Pakoku townships.

Onions are exported mainly to India and Bang-ladesh through border trade.

-cal year to October 2, veg-etable exports as a whole have earned $27 million, $7 million less than the same period last year, according to Ministry of Commerce statistics.

Myanmar Summary

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mmbiztoday.com

9LOCAL BIZ“We are not making a

-

commodity prices are on the rise. If we can make sales worth K400,000 per night, we will only get

it, the new have to pay workers and rent the stall, which costs us K25,000 per night for a small space,” said Ma Mya Zu from Maung Naing Snack Stall.

“We have to inform the administrator one week beforehand. We have to pay K70,000 per day to the government for our space to to sell goods, and we have more than dou-bled our prices to earn

-tricity fee and workers fee is high in now,” said U Khin Maung Oo, owner of another snack shop.

Paperwork has also got-ten more extensive. U Lay Myint, an administra-tor of Botahtaung's 10th

ward said vendors need to submit a proposal to get permission for the night

gets approved by police,

From page 1...

From page 1...then a township munici-pal committee, then the township board of elec-tricity, and another com-mittee of township police.

“It is hard to get permis-sion to run business here. We only have this chance to run our business here because we run our busi-

ness every year in here. There are so many peo-ple who want to do this business,” said Daw Kyin May, owner of Yadanar Myint Ferris Wheel, who said they have to give K4 million to festival admin-istration committee to participate in the festival.

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

Zarni M

in Naing

to Use Flyovers

People who do not use pedestrian bridges when available will be punished under the new au-

-

overbridges for the safety of public, few people are us-ing overbridge to cross road.

-destrians. People still not using them to cross the road. Accidents happen while crossing the roads. That’s why we will penalize people who continue to cross roads haphazardly,” said Police Major U Win Lwin from the

rules and to decrease accidents.

and YCDC said they will build more for public use in the near future.

Ei Thandar Tun

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Myanmar Summary

From page 1...

From page 1...

Local products made from bamboo are not high quality, so

local bamboo business-men must participate in foreign trade fairs to gain

Ei Thandar Tun knowledge and technol-ogy to produce better quality products, said the chairman of the Myanmar Bamboo Producer and Exporter Group.

Myanmar bamboo products doesn’t have a

Zar

ni M

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xdkif;? AD,uferfESif h tjcm;aomEdkifiHrsm;rS xkwfvkyfvsuf&Sdonfh

Tourism has slowed, but is expected to pick up im-mediately after the elec-tions.

Normally from October to March is the travel sea-son for foreign tourists to Myanmar. However, tour-ist numbers of October were very low, as many tourists booked trips after the elections.

U Aung Myat Kyaw, for-mer of chairman of the tourism federation and owner of a travel agent,

said that most bookings they have accepted are for late November. He said, “Ninety percent of tour bookings are already

before November due to the general election and Bangkok bomb blast.”

large market share in in-ternational markets due to low quality and lack of modern techniques.

Dr Myint Sein, chair-man of Myanmar Bam-boo Producer and Ex-porter Group, said “Our

production technology is so outdated and we have no markets where we can export our products. We are going to participate on international trade fairs to improve produc-

markets for our goods.”The quality of Myanmar

bamboo products is much lower than those from Thailand or Vietnam.

To improve the prod-uct quality, the Myanmar Bamboo Producer and Exporter Group will help small enterprises to pur-chase the necessary ma-chinery, said Dr Myint Sein.

Myanmar can export only raw material to

bamboo products are typically only sold on the local market. The bamboo products include bamboo chairs, beds, cups, combs and clips.

Raw bamboo is also ex-ported to Pakistan, India, Korea, Singapore and Bangladesh. One length of bamboo can sell for 50 to 70 cents.

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Zarni M

in Naing

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Myanmar Summary

Myanmar's nas-cent pearl in-dustry gained

a great deal of regional attention after a private auction before the 2013 Hong Kong International Jewellery Show, in which one pearl managed to sell for more than $30,000 in a bidding war.

“We have proven the value of Myanmar pearls and got people’s attention on at that show,” Daw Mya Mya Win, distribu-tion manager of Myanmar Pearl Enterprise told My-anmar Business Today.

Since then, pearl pro-duction has been on a steady rise, especially in Myanmar's southern Tan-intharyi region.

-pated in international pearl shows ten years ago, but at that time the qual-ity of Myanmar pearls was very low, and did not gen-erate enough revenue at

hard to forge, and pearls took a back seat to My-anmar's more established gem industries.

Their aim at the time was to observe the in-ternational market, said Daw Mya Mya Win. Like many industries, the low level of local technology applied to the production process was the primary weakness, but newly-introduced methods are transforming the fruits of the humble mollusk into a major industry.

Phyo Thu Now, Myanmar holds local pearl shows every year and continues to participate in Hong Kong jewelry show, where state-run Myanmar Pearl Enterprise has since been joined by international joint ventures and local pearl companies.

Microscopic Irritants in the Golden Land

Much of the world buys freshwater pearls from China, but Myanmar has found a niche market in the production of golden pearls, produced with

-niques placed in saltwater oyster varieties.

To get quality golden pearls, the implantation of the initial seed (a micro-scopic irritant that an oys-ter coats in calcium car-bonate to produce a pearl)

manner. Additionally,

require an exceptionally clean environment to pro-duce quality pearls, and the yet-unspoiled Myeik Archipelego has been a hotspot for oyster produc-tion.

“Even if you take Myan-mar oysters to cultivate in Japan, it is less likely to get a good quality pearl. A good pearl is dependent on its local environment. Some oysters produce golden pearls genetically. We need to cultivate that kind of oyster and take good care of them,” explained Daw Mya Mya Win.

Pearl plantation is not

harmful to the environ-ment, and can actually have a positive impact because pearl plantations need clean water accord-ing to U Tin Ko Ko Oo, executive director of Our Future Initiative, a local NGO that focuses on sea resource management.

However, southern My-anmar is developing fast, and this could pollute the pristine water. U Tin Ko Ko Oo said, “One coal plant is operating in Kawthaung and new power plants are about to come. No coal plant in Myanmar can be as clean as those interna-tionally, and this can great-

Dust can pour into the water and acidify the area, making the water too dirty for pearl cultivation.”

Private Pearl Planters

Pearl production in co-operation between the government enterprise and Japanese technicians began in 1954 in the My-eik Archipelago, and so far has not spread outside of that region. Myanmar Pearl Enterprise has been under three ministries in

the Ministry of Fisher-ies, Livestock, and Rural Development, then the Ministry of Forestry and Environmental Conserva-tion, and now under the Ministry of Mines.

Most recently, private companies have been in-vited into the fold to ex-pand the industry.

“We are giving permis-sion to every company that meets our criteria. Our decision based on the location of the applicant company's land,” said U Myint Thu, general man-ager of Myanmar Pearl Enterprise.

To date, four interna-tional joint ventures and four local companies have invested approximately K1 billion in Tanintha-ryi region's pearl industry and there are three more companies on currently going through the appli-cation process.

Exploring new places for pearl production and cultivation is depending on the local environmen-tal situations and climate change of the region, but the Enterprise says there are many potential places for pearl cultivation in Tanintharyi region.

Mollusk MoneyThe production of My-

anmar pearls has stead-ily climbed for four years straight. In 2011-2012 the country produced 513,936 pearls, the next year 549,773, followed by 627,096, and 712,584 pearls in 2014-2015.

As investing in the My-anmar pearl industry in-creases, the government is focusing on the en-forcement of the invest-ment law.

“We are acting accord-ing to the investment law. For local companies, the government keeps 25 per-

also charge K2,000 per oyster for implantation,” said Daw Thida Mya, as-sistant general manager of sale department of My-anmar Pearl Enterprise.

The charges for oys-ter implantation started from July 2014 by under supervision of workers from Myanmar Pearl En-terprise.

Orient Pearl company general manager U Hla Oo Kyi told Myanmar Business Today, that the prices of pearls vary greatly, and have yet to be regulated by the current government, but sales are 'in good condition.'

The largest buyers of Myanmar pearls are Ja-pan, Hong Kong, and China.

Even though Myanmar pearls are beginning to be well-positioned interna-tionally, the local market of Myanmar pearl is still quite small.

“We are selling some pearls in Bogyoke mar-ket. The main market for pearls is Mandalay and Myeik,” said Ma Pwint Phyu, the owner of Royal Pearl shop in Bogyoke Market.

She hypothesized that one reason pearl sales are so low inside Myanmar is that locals prefer to col-lect gold because it can be easily resold.

“We can only sell small amount in local market, but if we go to Hong Kong, every pearl is gone,” ex-plained U Hla Oo Kyi.

Breaching the World's Waves

Before 2013, traders mixed Myanmar pearls with those from other countries to sell in inter-national markets. How-ever, Myanmar pearls are gaining in prestige, allow-ing them to break open the shell of the interna-tional markets.

MPE and two private companies are ready to participate in the 2016 Hong Kong International Jewellery Show and six more companies are ex-pected to participate. Hong Kong is a major trading hotspot for gems, as their government does not tax gems and jewellery.

This shows that Myan-

mar pearl companies are getting more attention in the international pearl market. Additionally, an exclusive pearl exhibi-tion will be held this year separated from other My-anmar gems.

U Hla Oo Kyi said, “We have adequate laws and regulations. We also now have the technology. We only need hard work and investment. We just need to educate more pearl technicians, especially those who can implant seeds.”

Phy

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Myanmar Summary

Myanmar Summary

Several UV ray meas-uring devices which worth K75 million

will be set up in Yangon, Mandalay and Naypyitaw in 2016, according to an

-ment of meteorology and hydrology.

The plan was approved by the state government and aims to measure the UV index in order to know the level of deforestation, environmental degrada-tion, and depletion of ozone layer, U Kyaw Moe Oo, deputy director of de-partment of meteorology and hydrology told Myan-mar Business Today.

According to legend, King Thamod-

mythical menaces from Bagan: the giant tiger, the

giant boar, the giant bird, and the giant gourd, and soon the giant $20 bill will join the ranks of the defeated as well.

The entrance fee for the Bagan archaeologi-cal zone will be collected in Kyat instead of dollars starting November 1, ac-cording to an announce-ment from the Depart-ment of Archaeology.

The entrance fee was raised to $20 earlier this year. Under new instruc-tions from the Ministry of Culture, the entrance fee will cost K25,000 instead of $20.

“The ministry of culture has informed other agen-cies about the change to our ministry,” said U Aung Aye Han, assistant director of ministry of ho-tels and tourism.

This move is part of a

the use of the dollar in the Myanmar economy.

According to Central Bank of Myanmar an-nouncements, the role of Myanmar Kyat has di-minished due to local use

Kyaw Min

Phyo Thu

“When the setting up of

we can announce the UV index publicly. We also have plans to set up these devices in other regions and states depending on government’s budget,” he added.

To set up these UV ray measuring devices, a ten-der will be called for in-terested participants, but the tender date has not yet been set.

The rising UV index has started early this year ac-

-urements. Skin cancer and other damage can be caused by high levels of UV rays.

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mmbiztoday.comREGIONAL BIZ 13

Myanmar Summary

Jessica Jaganathan

Laos aims to sharply boost its hydro-power generation to

10,000 megawatts (MW) by 2020 and is exploring for shale gas as part of plans to export electricity to its neighbours, its vice minister of energy and mines said last week.

Laos is among Asia's poorest countries but has big ambitions to export power generated from its ample water resources.

Construction of the 1,285 MW Xayaburi dam, one of the country's larger projects, was about

60 percent complete, as it builds on current generation capacity of 3,000 MW to 4,000 MW, Viraphonh Viravong told Reuters.

Despite a projected slowdown in gross do-mestic product (GDP) growth from last year's 7.5 percent, Laos will not cut spending in its energy sector or slow down pro-jects, Viravong said.

"For example, in Thai-land, they are more than willing to buy cheaper hydropower from Laos to

projects ... so I don't notice any slowdown in

power projects," he said on the sidelines of the Singapore International Energy Week.

The power and min-ing sector contributes to 17 percent of Laos' GDP and nearly 70 percent of overall exports. Thailand is currently the big-gest buyer of electricity from Laos, which has agreements to supply to Vietnam and Cambodia as well.

Under an ASEAN project, Laos could sell 100 MW of electricity to Singapore which could

and Malaysia. Both coun-

tries are meeting to sort out technical, legal and commercial issues.

The earliest the sale could happen is 2018 when some of Laos' smaller hydroelectricity projects, which have not already been commit-ted to Thailand, become available, Viravong said.

Laos is also exploring for shale gas at coal depos-its scattered around the country and could look to

Viravong said."Some companies are

on the very preliminary basis looking at the pos-

gas," he said."We have a few deposits

of coal, but it's scattered and not in blocks, so they expect shale gas to be trapped around those ar-eas and so will be looking at that instead of oil."

If shale gas is found, it will mainly be exported as demand in Laos is not enough to absorb the vol-umes even though they are unlikely to be big, Viravong said.

Concessions to explore for oil in central and south Laos have so far yielded nothing substan-tial, he added. Reuters

Natalie Obiko Pearson

India plans to invest billions of dollars to populate a remote

northeastern state it has

a war with neighboring

decades ago.Prime Minister Naren-

dra Modi’s government

for a $6 billion highway in Arunachal Pradesh, which is also claimed by China. Construction on the 2,000-kilometer (1,243-mile) road will start as early as 2018, Kiren Rijiju, minister of

said in an interview."If China is developing

on their side of the terri-tory, we should develop on our side," Rijiju, a

native of Arunachal Pradesh, said at his New Delhi residence on Satur-day. "India has failed the people living along that border. We’re now taking very concrete steps in that direction."

Arunachal Pradesh is an area in the Himalayas the size of Austria tucked be-tween China, Bhutan and Myanmar's Kachin State. It has 1.4 million people, less than 1 percent of India’s 1.2 billion popula-tion, and a third of them live below the poverty line as hydropower, coal and mineral resources sit undeveloped.

While the state has more hydropower poten-tial than what is currently installed in all of India, less than 1 percent has been developed. Only 29 percent of the region has

paved roads compared with a national average of 62 percent, according to

Electricity Authority and a report by PwC.

In 1962, India and China fought a four-week war over their Himalayan border. Chinese troops operating in extremely cold weather at high altitudes advanced into Arunachal Pradesh and another disputed area to the west. It ended when China declared a cease-

boundary known as the McMahon Line formed by Britain and Tibet in 1914, which serves as the de facto border today.

Since then, China has developed nearby areas. The Tibet autonomous region today boasts more than 7,000 kilometers

of highways, all-weather road and rail links to

network that connects nearly all towns, accord-ing to Delhi Policy Group.

Arunachal Pradesh, by contrast, has been forgot-ten. The state was only connected to the national railway network last year, the nearest commercial airport is in another state and large swathes of the territory don’t have power or telecommunications.

Rijiju stressed that India’s moves shouldn’t be interpreted as a challenge to China. "I don’t want to link it to China," he said. "We’re not doing anything to disturb relations. It’s not in terms of challenging or competing with China, but in terms of securing our own territory."

China may not see it that way.

"The Chinese govern-ment has never rec-ognized the so-called ’Arunachal Pradesh’ uni-laterally established by India," Vice Foreign Min-ister Liu Zhenmin said in a Feb. 21 statement after Modi gave a speech in the state capital. China calls the area South Tibet and has repeatedly asked India to "refrain from ac-tions that complicate the boundary issue."

The highway pro-ject should strengthen economic ties between India and China instead of dividing the nations, Rijiju said.

"It should not be seen as a confrontation but as complementary," he said. "These ancient linkages are a reality." Bloomberg

Myanmar Summary

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Myanmar Summary

Myanmar Summary

Kitiphong Thaichareon

Julia Edwards & Roberta Rampton

Tminister said he expected to pro-

pose tax incentives to the cabinet over the next few weeks aimed at boosting private investment this year and next, as the mili-

Indonesian President Joko Widodo, speak-ing after a meet-

ing with US President Barack Obama, said his Southeast Asian country intends to join the Trans-

deal the United States has forged with 11 other nations.

"We are the largest economy in Southeast Asia," Widodo said through a translator. "And Indonesia intends to join the TPP."

US Trade Representa-tive Michael Froman said the United States would keep sharing information about the TPP, which will set common standards on issues ranging from

tary government seeks to

growth.With exports and

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

workers' rights to intel-lectual property protec-tion.

"As we have said from the beginning, TPP is intended to be an open platform to which other countries who are able and willing to meet the standards can potentially accede," he said at a busi-ness summit hosted by the US Chamber of Com-merce.

More broadly, Indo-nesia had work to do on cutting red tape, address-ing barriers such as local content and local packag-ing requirements, elimi-nating import and export restrictions and protect-ing intellectual property rights, Froman said.

President Widodo

billion worth of US deals

unrest. The junta has focused on driving invest-ment.

help speed private invest-ment before large public infrastructure projects

-nance Minister Apisak Tantivorawong told reporters.

"Money will be added to the system steadily until there is investment in mega projects next year," he said. "There won't be the gap that makes (peo-ple) feel the economy is getting worse."

also be for building, ma-chinery, computers and

cars, Apisak said, without giving further details.

The measures should

improve productivity to compete with other countries, as a lack of investment in Thailand over the past 10 years had made many Thai goods outdated and less competitive, he added.

The government will later consider measures to promote new indus-tries, which will strength-en Thailand's fundamen-tals over the next 10 to 20 years, Apisak said.

In a bid to lift the economy, the govern-ment recently approved stimulus packages, aimed at supporting rural areas,

property sector.Last month, the Board

of Investment also of-

private investment ap-plications this year and next, with actual invest-ment needed by the end of 2017.

The economy grew just 0.9 percent last year,

hit 2011. For 2015, the Finance Ministry expects growth of 2.8 percent. Reuters

during his trip, including a $500 million infra-structure investment from Coca-Cola and up to $1 billion from General Electric for Indonesia's energy and healthcare sectors, according to the Indonesian embassy in Washington. Both

period.Indonesia's state oil

-pus Christie Liquefaction, a subsidiary of Cheniere

shale gas deal valued at $13 billion.

Widodo and Obama also discussed climate change, strengthening Indonesia's maritime se-curity powers and forest

Reuters

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Myanmar SummaryDouglas Busvine

India hosted its biggest-ever Africa summit this week as

Prime Minister Narendra Modi seeks to challenge China's dominance on a continent that is blessed with vast natural resourc-es and has the world's fastest-growing popula-tion.

New Delhi wants to project its soft power and historical ties to Africa, in contrast to China's focus

on resource extraction and capital investment that has sparked a back-lash in some countries against Beijing's mercan-tilist expansion.

India's trading ties with Africa date back to antiquity and both found common cause in the struggle against colonial

faded over the course of the Cold War as it with-drew into non-aligned isolation.

Now Modi, self-styled

chief salesman of a "Make in India" export drive, wants to capitalise on an economic slowdown in China to highlight India as an alternative partner for trade and investment.

"India is the fastest-growing major economy. Africa is experiencing rapid growth too," Modi told African journalists,

Although India's head-line economic growth has overtaken China's,

the size and it lacks the

Beijing in a head-to-head contest for the African market.

"We can't match the Chinese in terms of resources - but any engagement we do with the Africans at least gives them a choice," said C. Raja Mohan, a foreign policy commentator at the Observer Research Foundation in New Delhi.

The India-Africa Forum Summit was the third of its kind and, since the

two-way annual trade has more than doubled to $72 billion.

That lags trade between China and Africa, which has exploded to $200 bil-lion as the world's No.2 economy sucks in oil, coal and metals to feed its industrial machine.

The world's largest democracy has been criti-cised by human rights groups for inviting Omar al-Bashir, the presi-dent of oil-rich Sudan wanted by the Interna-tional Criminal Court on charges of war crimes, crimes against humanity and genocide in Darfur.

For India, business

State-run oil company

in Sudan and South Sudan, is on the hunt to buy $12 billion in foreign assets over the next three

Africa as an investment target.

India is also in talks with South Africa to buy coal mines producing up to 90 million tonnes of coking coal each year to feed its growing steel industry. South Africa is already a major coal sup-plier to India.

Still, India wants its involvement in Africa to be less transactional than China's, seeking a devel-opment partnership for two regions that account for a third of the world's people, but seven in 10 of those living in poverty.

"Our partnership is not focused on an exploita-tive or extraction point of view, but is one that focuses on Africa's needs and India's strengths," said Vikas Swarup, spokesman for the Indian Ministry of External Af-fairs. Reuters

To be sources from Vietnam, suppliers also being sought in Myanmar, Cambodia and Pakistan

Bernadette Christina

Indonesia will decide within two weeks whether to ship in

rice from Vietnam and other Asian countries, the head of the state food procurement agency said, as dry weather crimps local output and stokes domestic prices for the staple grain.

Indonesia, which is bat-tling dry weather caused by the El Nino weather pattern, already has a contingency plan in place to import rice from Viet-nam if needed.

Rice imports are a contentious issue in the country where President Joko Widodo is faced with fast-rising food

prices but is also pursu-

various foods to protect farmers.

"Yes it is true," Bulog CEO Djarot Kusumay-akti told reporters late on Monday, when asked whether Widodo would decide within two weeks whether to begin imports from Vietnam.

Kusumayakti, who earlier this year predicted rice imports would likely happen in early 2016, said calculations on po-tential volumes were still ongoing.

"Their (Vietnam) com-mitment was for 1.5 mil-lion tonnes," he added. "But with limited time, their (port) capacity is

only provide 1 million tonnes."

There have also been talks with Thai rice sell-ers for about 500,000 tonnes, he said, adding that suppliers were also being sought in My-anmar, Cambodia and Pakistan.

Since coming to power a year ago, Widodo has aggressively pursued

-ous foods as part of an increasingly nationalistic approach to protect-ing farmers, curbing state imports of rice in a country where private buying from overseas has been largely banned for decades.

The government had given Bulog a target to

buy 4 million tonnes from domestic producers in 2015, but the agency has so far only procured around 2.5 million tonnes, with Kusumay-akti estimating pur-chases for the year would total less than 3 million tonnes.

Bulog is the dominant rice buyer in Indonesia, tasked with maintaining annual stocks of 1.5-2 million tonnes.

Analysts have forecast that Indonesia will im-port 1.6 million tonnes of the staple grain this year.

Last week, the latest rice loading schedule data from Vietnam's larg-est port showed 63,100 tonnes of the grain was loaded on vessels des-

tined for Indonesia. Reuters

Myanmar Summary&moDOwkajcmufaoGUrIaMumifh

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David Randall

US companies are far from optimis-tic that next year

will see them get a break from the tough economic and market conditions they have faced in 2015. And that may well hurt capital investment and jobs growth.

of October, 165 American companies have cited the slowing global economy in their outlooks for earn-ings and revenue. That is up from 108 in the same period last year, and 97 in the year-earlier quarter, according to an analysis of earnings reports by Thomson Reuters.

Among the phrases that have appeared in many of those statements are "challenging macroeco-nomic environment," or "global headwinds."

Earnings and revenue have been depressed this year largely because of the strong dollar, eco-nomic weakness in China and Brazil, and tumbling oil and commodities prices.

The rise in the value of the American currency

in foreign currencies are worth less once trans-lated into dollars and it can make American exports less competitive. The weakness in major emerging markets has hit sales by American multinationals and the plunge in the prices of energy and metals and minerals had not only hit oil producers and miners but the manufacturing and service companies who sell to them.

Among the major companies to announce job cuts in recent weeks are industrial conglomer-ates United Technologies Corp and General Elec-tric Co, technology giant Hewlett-Packard Co., and the world's largest

Schlumberger.Large employers an-

nounced 205,759 US job cuts in the third quarter, the largest amount since the third quarter of 2009, according to a report from outplacement

Christmas.Those moves are com-

ing at a time when overall corporate earnings in

the third quarter are on pace to fall by 2.8 per-cent from this time last year. So far 59 percent of companies have reported revenues that have fallen below analyst estimates, according to Thomson Reuters data.

And expectations for 2016 are falling as well - in July analysts were predicting that corporate earnings per share in the

grow 9.2 percent and 13.7 percent, respectively;

down to 4.8 percent for

percent for the second.Few expect the econo-

my to go into a free-fall, of course. Should the dollar and oil prices sta-bilize, the prospects for many companies could improve quickly and their earnings and revenue could beat expectations, setting the stage for a stock rally.

Some consumer-driven companies also continue to do well, both in the US and even in China, where both Nike Inc and toy-maker Mattel have said they still see high rates of growth.

Many of those feeling the pinch from slowing growth overseas are the same companies that just a few years ago were counting on China and other emerging econo-mies to bolster their bot-tom lines.

Alan Gayle, a portfolio manager at RidgeWorth Investments, said that he has been increas-ingly moving more of his equity portfolio into US-based companies that have limited exposure to China and other emerg-ing markets.

"I've pulled back from my China and emerg-ing market exposure until there are clearer

signs that the economy has stopped slowing," he said, adding that he expects that top-line revenue growth will con-tinue to be a challenge for US companies there.

Yet he remains guard-edly optimistic that oil and other commodity prices are nearing a bot-tom, and that consumer spending in the US and Europe should remain steady.

"We think the chances of a global recession re-main quite low," he said.

Reuters

Myanmar Summary

Osamu Tsukimori

Trading house Sumi-tomo Corp said last week it had won a

$300 million order for a

power plant in Turkmeni-stan, part of a package of deals announced on a visit to the Central Asian nation by Japanese Prime Minister Shinzo Abe.

Japan and Turkmeni-stan signed deals worth over $18 billion in the energy-rich nation, which has become an important supplier of natural gas to China.

Sumitomo said it aimed to complete the construc-tion of the simple-cycle

and that the main equip-ment such as a gas tur-bine and power generator would be procured from Mitsubishi Hitachi Power Systems Ltd.

Turkmenistan, a reclu-sive nation of 5.5 million, holds the world's fourth-largest reserves of natural gas. Since independence in 1991, it has launched ambitious projects to process the commodity

export routes.Japan's Abe last week

post-Soviet Central Asian nations where former im-perial master Russia and China are vying for clout. Reuters

Myanmar Summary Myanmar Summary

Carla Simoes & Raymond Colitt

Dpopularity re-mained near

record lows as the major-ity of Brazilians forecast Latin America’s biggest economy won’t recover from the current crisis for at least another three years.

approval rating was 15.9 percent compared with 15.3 percent in the previous poll in July, ac-cording to an Oct. 20-24 MDA poll published by the National Transport Confederation. The gain was within the plus or minus 2.2 percentage point margin of error. The poll also showed 63.6 percent of those surveyed expect the crisis to last at least three more years as unemployment rises,

the economy contracts.The president’s support

has become a key gauge for legislators weighing whether to back calls for

major public opinion survey since lawyers en-dorsed by opposition par-ties submitted a request

allegations she doctored

The audit court’s rec-ommendation for Con-

her, according to 61.3 percent of those surveyed by MDA who were aware of the decision. The poll shows 8.8 percent of respondents rated the government good or very good compared to 7.7 percent in July.

may have bottomed out, MDA director Marcelo Souza told

reporters in

President Dilma’s ap-proval ratings to fall even further,” Souza said.

Lower house speaker Eduardo Cunha is analyz-ing the impeachment petition and is expected to make a decision in coming weeks. The process could involve several votes in Congress and ultimately result in

denies wrongdoing.Other polls published

in recent months also -

ity hovering near record lows. Approval of Rouss-

14 percent last month, compared with 15 percent in June, a drop within the

margin of error, accord-ing to a Sept. 18-21 Ibope poll commissioned by the National Confederation of Industry. An Aug. 4-5 poll conducted by Data-folha showed 8 percent of Brazilians evaluated her government as good or great.

Brazil’s economy will contract 3 percent this year and 1.4 percent in 2016, according to analysts surveyed by the central bank. That would

recession since 1931. Bloomberg

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Myanmar Summary

Helen Nyambura-Mwaura

Rwanda may be-come the base for a network of

so-called droneports for remote-controlled aircraft to deliver urgent cargo to remote parts of the tiny country known as the Land of a Thousand Hills.

The project by London-

Foster + Partners and Afrotech, an African technology initiative by Swiss research univer-sity Ecole Polytechnique Federale de Lausanne, envisages a program that could be replicated across a continent with a lack of adequate transport infra-structure. Africa needs sustained investment of

its infrastructure gaps, according to Africa Devel-opment Bank estimates.

“We want to pioneer ghost railways in the sky,” Jonathan Ledgard, a di-rector at Afrotech, said in an e-mailed response to questions. “Larger loads going longer distances in quiet, beautiful, ultra-

vision to Amazon’s insect

approach of bristling tiny drones carrying small loads short distances.”

Amazon.com Inc., the world’s largest e-com-merce company, has been pressing for permission to deliver packages by drone in the US but has run up against proposed regulations. In April, Amazon received a fed-eral waiver allowing it to run tests in the US.

droneport in Rwanda, which the unmanned aerial vehicles can use for

may begin in the second half of 2016, Ledgard said. The companies in-volved in the project are working out regulatory details with civil avia-tion authorities, Rwanda Development Board Chief Executive Francis Gatare said by phone.

Afrotech plans to ini-tially deploy three-meter

robots capable of con-veying 10 kilograms (22 pounds) and then wider machines carrying a payload ten times bigger than that within a dec-ade, according to a state-ment published on Foster

Evgenia Pismennaya & Anna Andrianova

Cornered by sanc-tions, Russia is preparing a costly

alternative venue to sell debt: China.

Vladimir Putin’s gov-ernment, which set a $3 billion cap on foreign borrowing in 2016 and hasn’t sold Eurobonds in two years, is preparing a “pilot issue” of medium-maturity yuan notes on

China’s mainland market, according to Konstantin Vyshkovsky, the head of the Finance Ministry’s debt department. Russia will need to pay at least "dozens of basis points" more than the cost of placing dollar debt to tempt investors, he said.

“We are talking about a new category of foreign investors,” Vyshkovsky said in an interview last week. Convincing Chi-nese investors to buy the debt via the Russian exchange and settlement systems “makes the task doubly complicated,” he said.

The pivot east comes after sanctions over the

Russian borrowers to pay what Vyshkovsky called a "premium for geopoli-

tics." Putin is nurturing ties with his country’s largest trading partner by

ever gas accord with its bigger neighbor last year and becoming the only state leader representing China’s wartime allies to attend a military parade in Beijing in September.

“This makes a lot of sense try to develop this new pocket of demand,” Luis Costa, the chief

for Central and Eastern Europe, the Middle East and Africa at Citigroup Inc. in London, said by phone. “It looks to me like a good decision.”

More than a year into life under sanctions, the takeaway for Rus-sia is that the penalties have done little to spook

investors, according to Vyshkovsky. Foreign-ers snapped up about a

during debut sales of -

ties this year, with Russia “testing” investors by se-lecting sanctioned banks to organize its road show, he said.

While Russia isn’t pro-hibited by sanctions from sovereign borrowing, the penalties combined with the collapse of oil prices is stoking the nation’s borrowing costs.

“Of course, the cost of borrowing has increased, the risks have increased,” Vyshkovsky said. “But

comes to an interesting and convenient tool for investors, the question of sanctions fades into the background.”

-land Chinese yuan bonds by a foreign government would show how Russia is continuing to rewire

new source of capital as

+ Partners’ website. Research, development and regulatory work is es-timated to cost $6 million annually in the four years it will take to launch the

Ledgard said.The project intends to

have three droneports by 2020 creating a network that will cover about half the nation. That will gradually increase to 40 buildings across the country and allow expansion into neigh-bors such as the Demo-cratic Republic of Congo, according to Foster + Partners. The United Na-tions already has drones gathering intelligence on rebel groups operating in eastern Congo.

The droneport project plans an urban service for commercial deliver-ies such as e-commerce goods that will be known as the Blue Line. It will subsidize a separate Red Line network ferrying medical and emergency supplies to remote re-gions at minimal cost, according to Foster + Partners.

Once the technology is proven to be safe, popu-

then be easier to expand the service to cover Lake Victoria and Lake Tanganyika, and have

such as the Nile and the Congo, Ledgard said.

route is along the Nile-Congo watershed and I

a Nile-Congo line extend-ing north and west along the rivers,” he said, add-ing that Ethiopia was an-other possible target for expansion. Cargo routes would only make sense if

they could accommodate

a town of 20,000 people, according to Ledgard.

While Rwanda’s rugged terrain is a good candidate for the pilot project, it is the nation’s progressive attitude toward advanced technology that lured the consortium, Ledgard said. The country has been posi-tioning itself as a regional technology hub to attract Silicon Valley-type compa-nies and multinationals.

“Rwanda is not the country of highest need,” Ledgard said. “Remote

INTERNATIONAL BIZ

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parts of Angola, say, or Cameroon would have a

a law code.” Bloomberg

investors have already bought about $1 billion in ruble-denominated gov-ernment debt this year, according to Vyshkovsky. Bloomberg

Myanmar Summary

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mmbiztoday.comINVESTMENT & FINANCE 20

Myanmar Summary

FriendlinessDespite marked improvement, Myanmar still lurks near bottom

Aye Myat

AWorld Bank report found that many economies in the

among the easiest to do business, but Myanmar remains among the worst, ranking 167 out of 189 countries surveyed, below such business destina-tions as Iraq and Burkina Faso.

Doing Business 2016: Measuring Quality and

the second most repre-sented region, after Eu-rope, in the world's top 20 economies. Moreover, a majority of economies in

are undertaking reforms to further improve the regulatory environment for small and medium-sized enterprises. During the past year, 52 percent of the region's 25 econo-mies' implemented 27 re-forms to make it easier to do business.

For the 10th consecu-tive year, Singapore ranks number one in the world on the World Bank Group's annual ease of doing business measure-ment. Also among the top 20 economies are New Zealand (ranked 2), Re-public of Korea (4), Hong Kong SAR, China (5), Tai-wan, China (11), Australia . (13) and Malaysia (18).

In some areas, My-anmar has improved the fastest in the world, eliminating the minimum capital requirement for local companies and by streamlining incorpo-ration procedures, and helping businesses get an electrical connection.

However, Myanmar's

tax system came under

said, “Myanmar made paying taxes more costly and complicated for com-panies by increasing the rate paid by employers and ceiling for social se-curity contributions, re-quiring additional docu-ments for commercial tax returns and introducing

-ing and payment of cor-porate income tax. At the same time, Myanmar in-creased the rate of allow- able depreciation.”

The average company in Myanmar spends 188

-es.

Myanmar was also sin-gled out for it's unwieldy legal system. The report stated, “A local business trying to enforce a con-tract through the courts in Myanmar would spend more than three years doing so, and pay fees amounting to more than

half the value in dispute. Moreover, the country’s court system has no case management, no court automation and no spe-cialized commercial courts or small claims courts—all aspects re-

score on the quality of ju-dicial processes index.”

Even as East Asia and

are gradually converging towards regulatory best practices, challenges re-main, particularly in the areas of Resolving Insol-vency, Enforcing Con-tracts and Registering Property.

On Registering Proper-ty, it takes an average 74 days for an entrepreneur in East Asia and the Pacif-ic to complete a property transfer, compared to the global average of 48 days. Myanmar requires an av-erage of 85 days.

This year's Doing Busi-ness report completes a

benchmarks that meas-ure the quality of regula-

of the business regula-tory framework, in order to better capture ground

-dicators that saw changes in this report - Dealing with Construction Per-mits, Getting Electric-ity, Enforcing Contracts, Registering Property and Trading Across Borders -

economies have room for improvement.

On Getting Electric-ity, for instance, the new

regional economies face either frequent outages or do not track them ad-equately. Nonetheless, Cambodia was one of only two economies worldwide that recorded a reform to improve electricity reli-ability, thanks to consid-

erable infrastructure in-vestments.

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“ Myanmar made paying taxes more costly and complicated for com-

panies by increasing the rate paid by employers and

ceiling for social security contributions”

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Myanmar Summary

Higher budget al-locations for in-frastructure and

technology are set to cre-ate new opportunities for Myanmar’s private health care sector, including in-ternational health service providers and suppliers, as the country works to

and facilities. Although patients or

their families currently account for the vast ma-jority of health expen-ditures in Myanmar – nearly 93% of health care spending was out of pock-et in 2012, according to the World Bank – this is expected to change as the government moves ahead with plans to cover all citi-zens by 2030.

State of payTo achieve this, Myan-

-cantly increase spending on health services and re-lated infrastructure, par-ticularly in rural areas of the country, where rough-ly 70% of Myanmar’s pop-ulation of 51m lives.

The government is al-ready taking steps to boost health care expend-iture, with the sector one of the major winners in the 2015/16 budget that came into force on April 1. A total of MMK757.4bn ($592.3m) was allocated for health spending this

-crease over the previous budget.

Michael Nesbitt

According to local me-dia, the funds will be earmarked for the pur-chase of advanced medi-cal equipment, including electro-surgical technol-ogy, as well as the provi-sion of free medical treat-ment for government employees.

In addition, the gov-ernment has committed to training some 5600 medical professionals and 1300 nurses over the course of the cur-rent budget cycle to help to bridge the shortage of medical professionals.

At present, Myanmar has fewer doctors per capita than other countries in the region. According to the World Health Organisa-tion, there are 6.1 doctors per 10,000 people in the country, compared to 11.9 in Vietnam, 19.5 in Singa-pore and 23 in Japan.

Private sector potential

As state spending to im-prove and expand basic health coverage ramps

up, demand for private health services is also ex-pected to rise.

With Myanmar posting strong economic growth in the years since sanc-tions were lifted, there has been a gradual emer-gence of a middle class,

potential clients for ad-vanced medical services.

-eign tourists and expatri-ates has also contributed to growing demand.

While those who can af-ford it continue to seek health care overseas, in-stead of making use of state or private medical

are expected to slow as domestic facilities and services improve and spe-cialised treatment options expand.

Foreign interest Investment by foreign

health care providers will be central to bridging the development gap, accord-ing Ang Wei Zheng, phar-maceuticals and health

care analyst for BMI Research. “Myanmar's long-term income growth potential and low levels of public health care in-frastructure will herald the entry of private health care providers into the country.”

The market has already attracted substantial in-terest from overseas pro-viders, with foreign play-ers able to own up to 70% of clinics and hospitals, according to the country’s foreign investment regu-lations.

One of the most recent market entrants, Indone-sia’s Lippo Group, formed a partnership in June with First Myanmar In-vestments. Through the $420m joint venture, the company plans to develop 12 hospitals in the next

another eight to follow through to 2025, more than doubling the current number of hospitals in the country.

This comes on the heels of two other recent forays

Business executives, led by Temasek Management Ser-

vices Academy, presented insights on steps Yoma Bank can take to lead the banking industry in My-anmar.

The presentation was

and covered all aspects of the bank’s operations, market positioning and

Thant Zin branding, products and services, branch op-erations, organizational structure and governance, and human resources and change management.

The 30 executives worked in teams to collect and analyze information gathered from interviews with Yoma Bank employ-ees and customers. The diverse group worked in

-dustries and came from

countries like Singapore, Japan, Vietnam, Mexico and India. Six individuals from Yoma Bank also par-ticipated in the executive education program.

U Ba Maung Sein, the Deputy Head of Credit for Yoma Bank articulated the value of the program. “Collaborating with the high caliber managers helped us develop fresh perspectives on where we are today and how

to achieve our organiza-tional aspirations. The program provided an op-portunity for open and honest discussion as well as debate about the future of Yoma Bank. The en-riching exchange of ideas and knowledge gener-ated by people working in

was refreshing and pow-erful.”

The program was facili-

tated by the TMS Acad-emy in conjunction with the Global Institute for Tomorrow. The objec-tive was to provide a self directed learning experi-ence in which high per-forming individuals work together and learn from each other. Insights that lead to sustainable busi-ness solutions that are appropriate for the chal-lenges of tomorrow were sought after.

Myanmar Summary

into the sector. In 2012 India’s Apollo Hospitals launched a telemedicine serve in Yangon, which was followed by the arriv-al of Thailand’s Thonburi Hospital Group (THG) in June last year. Through a $100m agreement with Yangon-based Ga Mone Pwint, THG plans to build two hospitals with a combined capacity of 400 beds, with one facility to be located in Yangon and the other in Mandalay.

Foreign medical equip-ment suppliers like GE are also working to ad-dress pent-up demand for medical technology. GE launched operations in the country soon af-ter sanctions were lifted in 2012, and now pro-vides advanced imaging equipment to public and private hospitals, includ-ing MRI machines, CT scanners, cathlabs, ultra-sounds and x-rays.

Spending upsideAs the provision of

health services improves in the years ahead, per capita health care spend-ing is expected to rise ex-ponentially, according to Dr Gershu Paul, CEO of Pun Hlaing Hospital, a private health facility in Yangon.

“With health expendi-ture currently at around MMK38,000 ($30) per capita and expected to reach MMK254,000 ($200) within the next decade, Myanmar is in a position to close the gaps in its health care sector faster than the rest of the region,” he told OBG.

Michael Nesbitt is Edito-rial Manager for Myan-

mar at Oxford Business Group (OBG), and is in charge of producing sector

-mar. Views and opinions expressed in this article are the author’s own and

Business Today’s editorial opinion.

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Myanmar Summary

After three foreign insurance compa-nies gained permis-

sion to provide services in Thilawa Special Economic Zone, they will be joined by local insurance com-pany IKBZ which will start their operations at the end of November.

“We are doing market research to operate in Thilawa Special Econom-ic Zone and we are the

-pany to operates in Thila-wa SEZ,” said U Nay Myo Aung, managing director of IKBZ.

IKBZ is also implement-ing a program in which people can apply for in-surance services over the internet. The necessary

-ished and operations can

Zin Thu Tun start in November, he added.

U Nay Myo Aung told Myanmar Business To-day that local insurance companies who operate

a maximum premium of $500,000.

-ing nine types of insur-

-

cash transport insurance, health insurance, life in-surance, group life insur-ance, auto insurance, car-go insurance and travel insurance across Myan-mar.

states and regions. IKBZ -

surance company to open in Myanmar when they started operations in June 2013 with paid-up capital of K46 billion.

Myanmar SummaryMatthew Miller & Michael Martina

China is consider-ing imposing tough new conditions on

overseas bank card pro-viders such as Visa Inc and MasterCard Inc, in a potential setback to their plans to enter the coun-try's $7 trillion card pay-ments market, according to people familiar with discussions.

Industry sources, law-

yers and US business lobbies are worried that Chinese regulators will

to operate through a do-mestic consortium and may try to force them to partner with local com-panies and governments, reducing the amount of control they would have over their businesses and limiting their returns.

Such measures, if im-plemented, would be a blow to global card pay-

been lobbying for more than a decade to access the world's fastest-grow-ing cards market, project-ed to become the biggest by 2020.

It may also defy a 2012 World Trade Organiza-tion (WTO) ruling that found China was discrim-inating against US credit

China UnionPay, a state-controlled consortium, a monopoly on all yuan payment cards issued and used in the country.

The State Council, the government's cabinet, an-nounced in April that Chi-na would open the card market to all properly-li-censed domestic and for-eign businesses, a move precipitated by the 2012 WTO ruling.

But possible new condi-tions have been raised in discussions between card companies and domestic enterprises and munici-pal governments in the months since the People's Bank of China (PBOC)

issued its draft imple-mentation regulations, sources told Reuters on condition of anonymity.

Jeremie Waterman, Greater China executive director at the US Cham-ber of Commerce, told the US Trade Representative this month in testimony that any foreign card pro-vider may be required to join a domestic con-sortium to get a licence, limiting their operational control.

"We hope the State Council's April decision

-eign electronic payments

-ing operations in the near future - even as we are receiving reports that Chinese regulators may award new licences only to those foreign compa-nies that partner with do-mestic companies," Wa-terman said.

There have also been discussions about wheth-er to limit the number of licences granted to the foreign card companies,

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that were publicly out-lined by the State Council earlier this year were al-ready seen as onerous by some legal professionals, including requirements that applicants hold 1 bil-lion yuan ($157 million) in registered capital in a local company, and store data and infrastructure inside mainland China.

Critics have argued Chi-na's limitations on for-eign card players sought to protect the country's then nascent domestic in-dustry from competition, allowing UnionPay unfet-tered access at a time of explosive growth in the interbank card market.

Currently, China re-quires all foreign card companies to use Union-Pay's network when ac-cepting yuan payments,

of every credit or debit card transaction. Reuters

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mmbiztoday.comPROPERTY & REAL ESTATE 23

Myanmar Summary

YCDC plans to use K10 billion in 2015-2016 to build new

markets and restore nine old ones, according to an

department of YCDC. “If we can arrange a

place for street vendors, -

gestion on Yangon's busy streets and it is also good for the vendors,” U San Shwe Tun, head of the YCDC markets depart-ment, told MyanmarBusiness Today.

He claimed that they are going to build six new markets and restore ten marketplaces around the city. They will provide places for street vendors to sell goods in the new markets. Street vendors who apply for spaces will not have to pay any fees for their sales space.

Anew master urban development plan for 56 cities and

towns around Myanmar is being drawn by minis-try of construction said Daw Moe Thida, deputy

Ei Thandar Tun

Tin Mg Oo

Vendors will get 5 square feet of space each when the two-story new

They will be allowed to sell goods from 6 AM to 6 PM.

The new markets are be-ing built in Mingalardon, Hlaingtharyar, Seikkyi, Kanaungto, Shwepyithar and East Dagon town-ships.

Old markets will be restored in In-sein, Thaketa, Ahlone, Kyimyindaing,Mayangon,Hlaing, North Okalapa, East Dagon and Hlaingth-aryar townships.

Currently, there are 173 markets sponsored by YCDC in Yangon.

The construction of the markets is slated to be

-

Zarni M

in Naing

Plans to encourage urban growth outside Yangon

director from ministry of construction, in a prop-erty seminar.

“Yangon alone is devel-oping in Myanmar. That’s why we have to allow oth-er cities to get attention from investors. Yangon's population is expanding

disproportionally,” Daw Moe Thida added.

as large as Mandalay, and its population is expect-ed to double in the next 15 years. In neighboring Thailand, Bangkok is has grown to over 20 times as

populous as the next larg-est city. According to the 2014 census, Yangon re-gion has a relatively high population density with 716 people per square kil-ometer, followed distant-ly by Mandalay with 200.

Due to the high demand of housing in Yangon, property prices are rising greatly. About 100,000 houses are needed in Yangon every year, but ministry of construction

-cent of this demand. At the same time, YCDC and the housing department have struggled to imple-

projects. The majority of houses were built by the private sector.

“We can also rely on the private sector for our housing plan. The gov-ernment alone devised and invested on housing plans in the past. Now private sector is stepping forward,” said Daw Moe Thida.

During the term of the

most recent government, the ministry of construc-tion has drawn an urban master plans for 80 cities and towns, but could not implement these plans due to various circum-stances.

Myanmar Summary

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mmbiztoday.com

24PROPERTY & REAL ESTATE

Myanmar Summary

Myanmar Summary

The rehabilitation and resettlement of

state will take about 3 years, said U Za Gote Htan, an executive member of the Hakha social commit-tee.

“The Chin state gov-ernment said the reha-bilitation process can be done within six months. However, it’s been three months already and the town plan for Hakha

said U Za Gote Htan.The state government

will build houses worth K4.4 million per house for people who lost their

and landslides in Chin state, according to Chin region government.

Tin Mg Oo The state budget will be used to build new houses, according to U Chun Ha Ye, director of emergency relief and rehabilitation department of Chin state. At the same time Chin state government is help-ing the locals with their

U Chun Ha Ye said, “We will build new houses for people who lost their houses. Each house will cost K4.4 million. The state government will build in Hakha and Te-dim towns. Building new

damaged regions such as Magway region and Ra-khine state is under dis-cussion. The new houses will be more valuable and built to a higher standard than the destroyed old houses.”

Currently, people are staying in camps and they are facing psycho-logical trauma. Blankets and warm clothing for the coming winter are ur-gently needed, according

-sion on the rebuilding of Chin State.

government, experts and regional elders are col-laborating to draw a town plan to resettle people from the state capital of Hakha, which was badly

landslides.“The lowland region and

highland region are very

-ered quickly in lowland regions, but in highland regions landslides buried or destroyed many hous-

The Di Mei shopping centre in downtown Shanghai is a sur-

prisingly depressing place to shop.

The underground mall is located in one of the most shopping-mad cities in China, and yet it is run down and starved of cus-tomers.

"Sometimes I cannot sell even one dress in a day," said dress shop owner Ms Xu, who rents a space in Di Mei.

Rising vacancy rates and plummeting rents are increasingly common in Chinese malls and depart-

-cial data showing a sharp rebound in retail sales that helped the world's second-largest economy beat expectations in the third quarter.

The answer to that ap-parent contradiction lies in the rising competition from online shopping and government purchases possibly boosting retail statistics. Add poorly managed properties into

Pete Sweeney & Jessica Macy Yu

the equation and the empty malls aren't much of a surprise.

More importantly, the struggles of Chinese brick-and-mortar retail-ers amplify a policy co-nundrum; these malls, built to reap gains from rising consumption, are instead adding to China's corporate debt problem, currently at 160 percent of GDP - twice as high as the United States.

and developers are get-ting squeezed - a poten-tial hazard for an econo-my growing at its slowest pace in decades.

Di Mei's owners are try-ing to refurbish, but it's unclear whether it will

just closing down. The Sunlight Store in Beijing, for example, is located in another prime pedes-trian hub, but it closed its blinds this month, with manager Ni Guifang telling Reuters they are seeking greener pastures online.

"The sales were just OK, but the overall sales were

on the downward trend," Ni said.

Trimming DownMajor listed mall opera-

tors are also feeling the pain. Dalian Wanda, a big property developer, said in January it would close or restructure 30 of its re-tail venues and in August said more adjustments were underway.

Malaysia-based Park-son, which operates more than 70 department stores in China, closed several of its stores in northern Chi-na last year following a 58 percent drop in China net

"As growth in retail sales slows because of the country's lower GDP growth, and in cities where mall space is abun-dant, vacancy rates have risen substantially," said Moody's analyst Marie Lam in a research note.

re-energise the economy, China's central bank in October cut interest rates for the sixth time in less than a year.

Tim Condon, an econo-mist at ING in Singapore

warned that investors should not read China's

--

ing household consump-tion, noting that the data also capture some gov-ernment purchases.

On the other hand, e-commerce sites contin-ue to post double-digit growth rates, even as some moderation is evi-dent. E-commerce leader Alibaba is expected to report that sales growth slowed sharply in the second quarter - albeit to around 27 percent on-year, still a ripping pace.

And as more Chinese graduate to the ranks of the middle class, places

are thriving. Movie ticket sales hit a new record of nearly $300 million dur-ing a single holiday week in October, up 60 percent year-on-year.

But this is little conso-lation for the likes of Di Mei. And the risk is that the frenetic pace of mall construction cascades into a bad-debt problem for banks if shoppers fail to match the zeal of prop-

erty developers.

ShoppingOvercapacity

China is currently the site of more than half the world's shopping mall construction, according to CBRE, a real estate

-pears that many of these malls will not produce good returns for their in-vestors.

A joint report by the China Chain Store Associ-ation and Deloitte showed that by the end of this year, the total number of China's new malls is pro-jected to reach 4,000, a jump of over 40 percent from 2011.

Real estate analysts note that much of the surge in retail space construction came at the behest of local governments, who were rushing to push real es-tate development as part of attempts to stimulate the economy. The result has been malls built in haste and managed poor-ly.

Not surprisingly, shop-pers are voting with their feet.

"If you build it and they're not coming, that's a non-performing loan," said Condon of ING.

"That's the banks' prob-lem." Reuters

es. We are discussing with

resettle which will not ex-perience this catastrophic erosion in the future,” said U Za Gote Htan.

Transportation has -

slides and people are fac-ing costly transportation fees. Even donors and aids organizations are faced with transportation challenges.

The Chin government is also rebuilding roads and trying to control com-modity prices with the help of local businesses. The union government declared Magway region, Sagaing region, Chin state and Rakhine state natural

and put assigned regional ministers as heads of re-construction.

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mmbiztoday.comAUTOMOBILE 25

Myanmar Summary

Myanmar Summary

Ei Thandar Tun

Ei Thandar Tun

The motor vehicle inspection process will be privatized if

local businesses agree to take over the service ac-

the Road Transport Ad-ministration Department (RTAD).

In order to register a motor vehicle, RTAD performs routine struc-tural integrity and safety checks. Sometimes this vehicle checking pro-cess takes a long time, so RTAD is considering hand over the vehicle check-ing process to interested businesses, as is done in many other countries.

“The vehicle inspection process done by RTAD sometimes gets delayed. If it is done by private businesses, the process can be done faster. We are discussing this with inter-ested businesses,” said U Hlyan Kyin Man, director of Road Transport Ad-ministration Department (Naypyitaw).

“We are discussing the

Motor vehicles were not allowed to put darkened

details of this process with local businesses, including what type of machinery is needed to perform inspections and what kind of skills in-spectors need. We are also negotiating the rates they can charge,” added U Thein Oo, regional direc-tor of RTAD.

The vehicle inspection process can be done only

-cations in South Dagon, Ywar Thar Gyi, Insein and Myinthar.

There are about 700 motor vehicles registered by RTAD daily and the registrations cost K 5,000 per vehicle.

Zarni M

in Naing

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

“We banned using ad-hesive tints car windows so that people could not hide illegal things in their car. But due the rise in the

UV index, we decided to allow tints with a maxi-mum opacity 40 percent to protect people from UV rays,” said U Thein Oo, a

Transport Administration Department.

Drivers need to be care-ful, as cheaply made win-dow tints do not protect against UV rays.

People need to be more cautious around cars now, warned Major Win Lwin from No 2 Traf-

claiming that if a car has 40 percent opaque tint on windows, no one can know what’s happening in the car.

“The Road Transport Administration Depart-ment allowed the window tints for the convenient of people. We check and punish car owners if the tint is darker than permit-

ted.” added U Thein Oo. In the past, the penalty

for tinted windows was K1,500 but now the pen-alty for more than 40 per-cent tint is K30,000.

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mmbiztoday.com

26

Myanmar Summary

Myanmar Summary

AUTOMOBILE

Aditi Shah

Aditi Shah

Maruti Suzuki In-dia will for the

a made-in-India car to Japan, the home of par-ent Suzuki Motor Corp, in a move that could lead to India becoming a Suzuki export hub, an executive of the Indian business said.

Suzuki already derives about a third of group rev-enue from Maruti, which sells one in every two cars in India but is seeking to step up growth in more developed markets.

The Indian carmaker launched its premium hatchback Baleno and will begin exporting it to 100 countries including Japan and Europe from early 2016 as it works to

The technology in use is virtually identi-cal: cameras, radar,

and GPS working together to turn cars into self-driv-ing machines. What sepa-rates Japan’s automakers and companies like Google Inc. and Tesla Motors Inc. is when they predict fully autonomous vehicles will be ready.

At last week’s Tokyo Motor Show, Nissan Mo-tor Co. will display a concept car with retract-able steering wheel and

-shield, joining Honda Motor Co. and Toyota Motor Corp. in exhibiting

establish itself alongside more upmarket global au-tomakers.

If Maruti is able to win over customers with the quality and design of its made-in-India Baleno, it has the chance to become an export base for future models, Maruti's manag-ing director, Kenichi Ayu-kawa, told Reuters.

"Competition is very high in developed coun-tries ... they have a lot of good products and under that condition we have to compete. If this prod-uct will be successful we have a chance to grow our strategy," said Ayukawa.

The export strategy has -

dia has a chance to estab-lish itself as a Suzuki ex-port hub, Ayukawa said, adding that Maruti plans

to export about 50,000 units of the Baleno in 2016.

Global carmakers such as Volkswagen, Ford and Hyundai use India as an export hub for emerg-ing markets in Africa and Latin America, taking ad-vantage of the country's low-cost manufacturing base.

Though Maruti is In-dia's leading carmaker, selling 1.2 million cars in the year to March 31, its exports are limited and mainly to countries in Af-rica and Latin America.

Exports to developed countries could also have

-ing Maruti, which is well known for its no-frills

in its domestic market, where global carmakers

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vehicles with autonomous modes for changing lanes and avoiding collisions on highways. But while Tesla deployed its Auto-pilot system this month and Google aims to have fully self-driving cars on the road by 2020, Japan’s automakers see a wait for such vehicles, with intro-ductions coming only af-ter 2025.

The unwillingness to take a software-testing approach -- with beta versions used for trial periods and ongoing up-dates -- and apply this to car-making divides traditional auto compa-nies and tech-industry challengers, said Tatsuo

Yoshida, an auto industry analyst with Barclays Plc. Whereas Tesla beamed Autopilot into Model S sedans with the promise the system would contin-ually learn and improve itself, Japan’s automakers view such an approach as putting features on the road before they’re ready. They’re also wary of ex-posure to liability if they introduce safety features that fail.

“In the auto industry, a beta version that’s not 100 percent complete is not acceptable,” Yoshida said by phone. “They may miss the opportunities for the future, but at the same time, traditional, estab-

lished car companies have to maintain some level of integrity or practicality in the real world.”

Called IDS, short for Intelligent Driving So-lution, Nissan’s electric hatchback concept uses a manual setting to teach driving preferences to the car’s computer, which replicates those actions in autonomous mode.

Honda meanwhile is showcasing technology that allows its cars to au-to-cruise on congested roads under 65 kilom-eters per hour, and trace lines on curvy roads over 100 kilometers per hour. Its cars are capable of recognizing their position down to a few centimeters and determining best routes and self-control-ling the wheels and speed.

“On an experimental pilot stage, if the auto-mated vehicle is driving a test course, that’s re-ally possible and easy,” Toyota President Akio Toyoda told reporters on the sidelines of the show on Wednesday.

Putting self-driving cars on public roads too early risks a major accident that sets back the devel-opment of autonomous vehicles, he said. “The

technological advance-ment would stop sudden-ly. We have to have a very long-term perspective.”

Each of Japan’s three biggest automakers have set targets to start de-ploying the technology around 2020. Tesla Chief

Musk told reporters this month the company can probably develop a com-pletely self-driving car in about three years, while Google has forecast about

Japan is aiming to use the 2020 Tokyo Olym-pic Games to showcase its autonomous driving technology credentials. The government is en-couraging carmakers and

self-driving vehicles on designated public roads and may allow Olympians to take robot taxis to ven-ues.

Self-driving cars have a special resonance for Ja-pan because of its aging population. With life ex-pectancy rising and births declining, the propor-tion of Japanese aged 65 or older will swell to 40 percent by 2060 from 24 percent last year, accord-ing to government projec-tions. Bloomberg

such as Hyundai, Ford and Renault are launch-ing small cars packed with more infotainment and safety features.

Maruti's export plan will enable the company to learn better technologies and processes used in ma-ture markets, which can then be incorporated in its cars sold in India, said Puneet Gupta, senior as-sociate at IHS Automotive.

"This product is vital for Maruti's future strategy ... It is getting ready for the competition in the next decade," Gupta said, add-ing that it is rare for a Jap-anese carmaker to import from India and shows the country's importance for Suzuki. Reuters

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Sanjit D

as/Bloom

berg


mmbiztoday.comIT & TELECOM 27

Myanmar Summary

Myanmar Summary

Since the start of op-erations in mid-Au-gust, over 2300 ve-

hicles have been reported for driving illegally over the Viber messaging app and will be punished by

Aung Ko Oo from No 2 -

gon) told Myanmar Busi-ness Today.

The Online Complaint Center (OCC) program has been in operations since the beginning of Oc-tober, and provides a ser-vice in which people can take photos of unlawful cars and report to police through Viber messages at 09-730-93226 or 09-795-254-730.

Police Colonel Aung Ko Oo said, “We will announce

Telenor Myanmar has launched a cloud-based data

storage service based app named Capture App.

Capture App is an ap-plication that provides online storage to save securely, view and share photos and videos from the devices via Global cloud infrastructure. The

in Norway, Malaysia and Thailand.

‘Capture’ lets custom-ers back up the pictures

secure online storage.

Kyaw Min

Moh Moh Kyi

the reported unlawful mo-tors’ number to newspa-pers. Anyone who sees unlawful motor vehicles

using Viber messages, but should do so within 24 hours. We will punish the unlawful drivers.”

To reduce unlawful -

lice will be deployed in Yangon, Mandalay and Naypyitaw.

“When we put the re-ported vehicle’s numbers in newspapers , the owner of the car must come to

plan to increase the num--

gon,” said Police Colonel Aung Ko Oo. The license plate numbers are listed in the state-run newspa-pers Myanma Alinn Daily and The Mirror Daily.

On top of 2GB basic free storage, Telenor Myan-mar Customers can now save all the memories on their smartphone, tablets, cameras, PC and MAC to the cloud of extra free 20GB storage.

Non-Telenor customers can download ‘Capture app’ and get 2GB storage space with respective data charges from other opera-tors. Telenor Myanmar customers, however, will receive an extra 20GB (total 22GB) free storage until the end of 2016.

The fate of this service after next year is not yet set. A representative from

Telenor told MyanmarBusiness Today via email, “At this point we are un-certain of the actual need of Myanmar customers,

we will learn more and -

evant services after 2016. Any changes will be com-municated well in ad-

“We are seeing a very healthy uptake in data ser-vices in Myanmar; slightly over a year in operations, more than 57% of our 12 million customers are al-ready active data users, and we expect that this number will increase in coming

Morley J W

eston

months. Customers want consistent data coverage, but we also see opportuni-ties to introduce new and relevant digital services to further stimulate usage, and meet changing needs and habits.”

‘Capture' is available for iOS and Android smartphones and tablets through the App Store and Google Play, or at www.myte lenor .com.mm/captureapp for di-

for Android. Telenor us-ers can simply type cap-ture and send to 500 to get download link of cap-ture app.

w,fvDaem jrefrmvDrdwuf\ w,fvDaem'pf*spfw,frS rdkbdkif; zkef;twGif;&Sd "mwfyHkrsm;? AD'D,dk rsm;ukd Cloud ay:wGif tvdk tavsmufodrf;qnf;ay;rnfh0ef aqmifrIwpfck jzpfaomCapture

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Feature rSvnf; rdrdwdk Yodrf;qnf; xm;aomt&mrsm;udk social

media , email rSwpfqif h rdwfaqGoli,fcsif;rsm;ESifhvnf; a0rQEkdifrnfjzpfonf/

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mmbiztoday.com

28

3K = Jet Star

6T = Air Mandalay

7Y = Mann yadanarpon Airlines

8M = Myanmar Airways International

BG = Biman Bangladesh Airlines

CA = Air Chaina

CI = China Airlines

CZ = China Southern

DD = Nok Airline

DE = Condor

FD = Air Asia

K7 = Air KBZ

KA = Dragonair

KE = Korea Airlines

MI = Silk Air

MU = China Eastern Airlines

MH = Malaysia Airlines

ND = FMI Air

NH = All Nippon Airways

PG = Bangkok Airways

QR = Qatar Airways

SQ = Singapore Airlines

TG = Thai Airways

TR = Tiger Airline

VN = Vietnam Airlines

W9 = Air Bagan

Y5 = Golden Myanmar Airlines

YH = Yangon Airways

YJ = Asian Wings

YANGON TO CHIANG MAI CHIANG MAI TO YANGON

Flights Days Dep Arr

Y5 251 2,4,6 06:15 08;05

7Y 305 1,5 11:00 12:50

W9 9607 4,7 14;30 16:20


Y5 252 2,4,6 09:25 10:15

7Y 306 1,5 13:45 14:35

W9 9608 4,7 17:20 18:10

YANGON TO LASHIO LASHIO TO YANGON

Flights Days Dep Arr Flights Days Dep Arr

YANGON TO NAY PYI TAW NAY PYI TAW TO YANGON


ND101 1,2,3,4,5 07:00 07:55

ND105 1,2,3,4,5 08:00 08:55

ND107 1,2,3,4,5 11:00 11:55

ND113 1,2,3,4,5,6 15:00 15:55

ND117 1,2,3,4,5,7 17:00 17:55

ND123 1,2,3,4,5 19:30 20:25


ND100 1,2,3,4,5 06:30 07:25

ND102 1,2,3,4,5,6 08:30 09:25

ND104 1,2,3,4,5 09:30 10:25

ND110 1,2,3,4,5 13:30 14:25

ND118 1,2,3,4,5 17:30 18:25

ND122 1,2,3,4,5,7 18:30 19:25

INTERNATIONAL & DOMESTIC FLIGHT SCHEDULES

YANGON TO BANGKOK BANGKOK TO YANGON


PG 706 Daily 06:05 08:20

8M 335 Daily 08:40 10:25

TG 304 Daily 09:50 11:45

PG 702 Daily 10:30 12:25

TG 302 Daily 14:50 16:45

PG 708 Daily 15:20 17:15

8M 331 Daily 16:30 18:15

PG 704 Daily 18:20 20:15

PG 704 7 19:30 21:45

Y5 327 Daily 19:00 20:50

TG 306 Daily 19:50 21:45


TG 303 Daily 08:00 08:45

PG 701 Daily 08:45 09:40

Y5 238 Daily 21:30 22:20

8M 336 Daily 11:55 12:40

TG 301 Daily 13:05 13:50

PG 707 Daily 13:40 14:30

PG 703 1,2,3,4,5,6 16:45 17:35

PG 703 7 17:55 18:45

TG 305 Daily 18:05 18:50

8M 332 Daily 19:20 20:05

PG 705 Daily 20:15 21:30

YANGON TO SINGAPORE SINGAPORE TO YANGON


8M231 Daily 08:00 12:25

Y5 2233 Daily 09:45 14:15

TR 2823 Daily 09:45 14:35

SQ 997 Daily 10:25 15:10

3K 582 Daily 11:45 16:20

MI 533 2,4,6 13:35 20:50

MI 519 Daily 16:40 21:15

3K584 2,3,5 19:30 0:10+1


TR 2822 Daily 07:20 08:45

Y5 2234 Daily 07:20 08:50

SQ 998 Daily 07:55 09:20

3K 581 Daily 09:10 10:40

MI 533 2,4,6 11:30 12:45

8M 232 Daily 13:25 14:50

MI 518 Daily 14:20 15:45

3K583 2,3,5 05:20 10:40

YANGON TO KUALA LUMPUR KUALA LUMPUR TO YANGON


AK 505 Daily 08:30 12:45

MH 741 Daily 12:15 16:30

8M 501 1,2,3,5,6 14:00 18:00

MH 743 Daily 16:00 20:15

AK 503 Daily 19:05 23:20


AK 504 Daily 06:55 08:00

MH 740 Daily 10:05 11:15

8M 502 1,2,3,5,6 19;10 20:10

MH 742 Daily 13:50 15:05

AK 502 Daily 17:20 18:25

YANGON TO DON MUEANG DON MUEANG TO YANGON


DD 4231 Daily 08:00 09:45

FD 525 Daily 08:30 10:20

FD 256 Daily 12:50 14:40

FD 254 Daily 17:35 19:25

FD 258 Daily 21:30 23:15

DD 4235 1,3,5,7 12:00 13:45


DD 4230 Daily 06:20 07:05

FD 251 Daily 07:15 08:00

FD 255 Daily 11:35 12:20

FD 253 Daily 16:20 17:05

FD 257 Daily 20:15 20:55

DD 4234 1,3,5,7 10:30 11:15

YANGON TO KUNMING KUNMING TO YANGON


CA 416 Daily 12:30 15:55

MU 2012 3 12:40 18:50

MU 2032 1,2,4,5,6,7, 14:50 18:15


MU 2011 3 08:25 11:50

CA 415 Daily 11:10 11:30

MU 2031 1,2,4,5,6,7 13:30 14:00

YANGON TO HANOI HANOI TO YANGON


VN 956 1,3,5,6,7 19:10 21:25


VN 957 1,3,5,6,7 16:40 18:10

YANGON TO HO CHI MINH HO CHI MINH TO YANGON


VN 942 2,4,7 14:25 17:05


VN 943 2,4,7 11:45 13:25

YANGON TO DOHA DOHA TO YANGON


QR919 1,4,6 08:00 11:10


QR918 3,5,7 20:40 06:25+1

YANGON TO GUANGZHOU GUANGZHOU TO YANGON


8M 711 2,4,7 08:40 13:15

CZ 3056 3,6 11:35 15:55

CZ 3056 1,5 17:40 22:10


CZ 3055 3,6 08:35 10:35

CZ 3055 1,5 14:40 16:40

8M 712 2,4,7 14:15 15:50

YANGON TO SEOUL SEOUL TO YANGON


OZ 770 4,7 00:50 08;50

KE 472 Daily 23:55 07:45+1


KE 471 Daily 18:30 22:30

OZ 769 3,6 19:30 23:40

YANGON TO DHAKA DHAKA TO YANGON


BG 061 2 11:45 13:00

BG 061 5 19:45 21:00


BG 060 2 16:30 18:40

BG 060 5 16:30 18:45

NAY PYI TAW TO BANGKOK BANGKOK TO NAY PYI TAW


MU 2030 Daily 13:50 16:40


MU 2029 Daily 12:50 14:55

YANGON TO INCHEON INCHEON TO YANGON


PG724 1,3,5,6 12:50 14:45

W9 607 4,7 14:30 16:20


PG723 1,3,5,6 11:00 11:55

W9 608 4,7 17:20 18:10

MANDALAY TO BANGKOK BANGKOK TO MANDALAY


PG 710 Daily 14:15 16:40


PG 709 Daily 12:05 13:25

YANGON TO HONG KONG HONG KONG TO YANGON


KA 251 Daily 01:10 05:25


KA252 2,4,6 22:20 00:15+1

KA 250 1,3,5,7 21:45 23:45

YANGON TO TOKYO TOKYO TO YANGON


NH914 Daily 22:10 06:45+1


NH913 Daily 11:45 17:15

YANGON TO DELHI DELHI TO YANGON


AI 236 2 13:10 16:30


AI 235 2 07:00 12:20

YANGON TO KOLKATA KOLKATA TO YANGON


AI 234 1,5 14:05 17:20

AI 228 5 18:45 19:45


AI 236 1,5 13:10 14:10

AI 233 5 13:30 18:00

YANGON TO TAIPEI TAIPEI TO YANGON


CI 7916 Daily 10:50 16:10


CI 7915 Daily 07:00 09:50

YANGON TO BEIJING BEIJING TO YANGON


CA 906 3,5,7 23:50 05:50+1


CA 905 3,5,7 19:30 22:50

YANGON TO MANDALAY MANDALAY TO YANGON


YANGON TO NYAUNG U NYAUNG U TO YANGON


YANGON TO HEHO HEHO TO YANGON


YANGON TO MYITKYINA MYITKYINA TO YANGON


YANGON TO PUTAO PUTAO TO YANGON


YANGON TO MYEIK MYEIK TO YANGON


YANGON TO SITTWE SITTWE TO YANGON


YANGON TO THANDWE THANDWE TO YANGON


INTERNATIONAL FLIGHT SCHEDULES

DOMESTIC FLIGHT SCHEDULES

YANGON TO GAYA GAYA TO YANGON


8M 601 3,5,6 10:30 11:55


8M 602 3,5,6 12:50 16:00

YANGON TO DAWEI DAWEI TO YANGON


ND301 09:55 11:05 ND302 Daily 11:30 12:40

YH 909 06:00 07:40 Y5 233 Daily 07:50 09:00

YH 917 06:10 07:40 YJ 891 Daily 08:20 10:15

YJ 891 06:00 08:05 YJ 811 3 08:40 10:05

K7 282 06:00 08:10 K7 283 Daily 08:25 11:30

YH 917 06:10 08:30 YH 918 1,2,4,5,6 08:30 10:45

YJ 811 07:00 08:25 W9 201 Daily 08:40 10:35

W9 201 07:00 08:25 YH 918 3 09:10 11:05

YH 835 07:00 08:40 7Y 132 Daily 09:35 11:30

YH 826 07:00 08:40 K7 267 Daily 10:20 12:25

YH 831 07:00 08:40 YJ 762 4 13:10 17:00

7Y 131 07:15 09:20 YH 836 1,7 13:20 14:45

K7 266 08:00 10:05 YH 832 4,6 13:20 14:45

8M 6603 09:00 10:10 YH 827 3 13:20 14:45

YJ 211 11:00 12:25 YH 738 3 13:40 18:05

YJ 601 11:00 12:25 YJ 212 7 15:00 16:25

YJ 201 11:00 12:25 YJ 212 5 15:00 17:05

YH 911 11:00 15:30 YH 830 5 15:05 18:55

YJ 761 11:00 12:55 YH 912 2 15:30 17:25

YJ 233 11:00 12:55 YJ 202 2,4 15:30 16:55

YH 729 11:00 14:00 YJ 202 1,3 15:30 17:35

YH 829 11:00 15:05 YJ 602 6 15:40 17:35

YH 737 11:15 13:25 YJ 762 1,2 16:35 18:00

YH 727 11:15 13:25 7Y 242 Daily 16:40 18:45

W9 251 11:30 12:55 YH 728 1 16:45 18:10

YH 737 11:30 13:40 Y5 776 Daily 17:10 18:20

7Y 941 11:45 13:10 W9 211 4 17:10 19:15

7Y 841 11:45 13:10 K7 823 2,4,7 17:10 18:35

7Y 943 11:45 13:10 YH 732 1 17:10 19:15

K7 822 12:30 16:55 8M 6604 4 17:20 18:30

K7 622 13:00 14:25 K7 227 2,4,6 17:20 18:45

K7 226 13:30 14:55 8M 903 1,2,4,5,7 17:20 18:30

7Y 241 14:30 16:25 YH 738 5 17:25 18:50

YH 731 15:00 17:10 K7 623 1,3,5,7 17:40 19:05

Y5 234 15:20 16:30 YH 730 2,4,6 17:45 19:10

W9 211

Daily

1,2,5,6

3

Daily

Daily

1,2,4,5,6,7

3

Daily

1,7

3

4,6

Daily

Daily

4

5,7

6

1,2,3,4

2

1,2,4

6

2,4,6

5

5

1

2,5

3

1,3,4,6

2,5

7

4,7

1,3,5,7

2,4,6

Daily

1

Daily

4 15:30 16:55 YJ 234 6 17:45 19:10

W9 252 2,5 18:15 19:40

K7 282 Daily 06:00 07:20 YJ 891 Daily 07:35 10:15YJ 891 Daily 06:00 07:20 YH 918 1,2,4,5,6,7 07:45 10:45YH 909 1,2,5,7 06:00 08:25 YH 910 6 08:05 9:25YH 917 3 06:00 08:25 YH 910 4 08:05 10:10YH 909 3 06:10 07:45 YJ 881 7 08:05 10:10YH 917 1,2,4,5,6,7 06:10 07:45 YJ 881 1,2,4,5 08:20 10:25YH 881 7 06:30 07:50 YH 910 1,2,5,7 08:25 9:45YH 909 4,6 06:30 08:05 YH 918 3 08:25 11:05YJ 881 1,2,4,5 06:45 08:05 YH 801 6 08:35 9:55YJ 801 6 07:00 08:20 K7 242 Daily 08:35 11:45K7 242 Daily 07:00 08:20 7Y 131 Daily 08:50 11:307Y 131 Daily 07:15 08:35 YH 910 3 09:35 10:557Y 121 1 08:20 09:40 7Y 121 Daily 09:55 14:10Y5 649 Daily 10:30 11:50 K7 283 Daily 10:10 11:30YJ 201 1,3 11:00 16:00 Y5 650 Daily 13:55 15:15K7 264 Daily 14:30 16:40 YJ 202 1,3 16:15 17:357Y 241 Daily 14:30 17:10 K7 265 Daily 16:55 18:15YH 731 2,3,4,6,7 15:00 17:55 7Y 242 Daily 17:25 18:45YH 731 3 15:15 18:10 W9 129 1,3,6 17:50 19:10W9 129 1,3,6 15:30 17:35 YH 732 1,2,4,6,7 17:55 19:15W9 211 4 15:30 17:40 YH 732 3 18:10 19:30

YH 835 1,7 07:00 10:05 YJ 202 2,4 14:05 16:55YH 826 3 07:00 10:05 YJ 202 1,3 14:05 17:35YH 831 4,6 07:00 10:05 YH 836 1,7 11:55 14:45YJ 201 1 11:00 12:25 YH 832 6 11:55 14:45YH 829 5 11:00 13:40 YH 827 3 11:55 14:45YJ 201 2,3,4 11:00 13:50 K7 623 1,3,5,7 16:10 19:05YJ 233 6 11:00 16:05 YJ 234 6 16:20 19:10

W9 251 2,5 11:30 14:25 YH 830 5 16:30 18:557Y 841 5 11:45 14:35 W9 252 2,5 16:45 19:40K7 622 1,3,5,7 13:00 15:55

YJ 891 Daily 06:00 08:50 YH 910 3 08:40 10:55

K7 282 Daily 06:00 09:00 YH 910 4 09:00 10:10

YH 909 3 06:10 08:40 YJ 881 7 09:00 10:10

YH 917 1,2,4,5,6,7 06:10 09:35 YH 634 5 09:05 10:15

YH 917 3 06:10 09:55 YJ 891 Daily 09:05 10:15

YH 909 4 06:30 09:00 K7 283 Daily 09:15 11:30

YH 633 5 06:30 09:05 YJ 881 1,2,4,5 09:15 10:25

YJ 881 7 06:30 08:45 W9 201 Daily 09:25 10:35

YJ 881 1,2,4,5 06:45 09:00 K7 243 Daily 09:30 11:45

K7 242 Daily 07:00 09:15 YH 918 1,2,4,5,6,7 09:35 10:45

7Y 131 Daily 07:15 10:05 YH 918 3 09:55 11:05

K7 266 Daily 08:00 09:15 7Y 132 Daily 10:20 11:30

7Y 121 Daily 08:20 10:35 7Y 121 Daily 10:50 14:10

Y5 649 Daily 10:30 12:45 K7 267 Daily 11:10 12:25

YH 505 1,2,4,5,6 10:30 11:55 YH 506 1,2,4,5,6 11:55 14:00

YJ 751 3,7 10:30 11:40 YH 506 3 12:40 14:50

YJ 761 1,2,4 11:00 12:10 YJ 762 4 15:00 17:00

YJ 751 5 11:00 12:10 YJ 752 5 15:20 16:30

YJ 233 6 11:00 12:10 YJ 762 1,2 15:50 18:00

YH 505 3 11:15 12:40 7Y 241 Daily 15:55 18:45

YH 727 1 11:15 12:40 K7 829 1,3,5 16:10 17:25

YH 737 5,7 11:15 12:40 YH 728 1 16:00 18:10

YH 737 3 11:30 12:55 YH 732 5 16:25 17:30

7Y 941 1,2,4,6 11:45 13:55 YH 732 1,2,4,6,7 16:25 19:15

K7 828 1,3,5 12:30 13:45 YJ 602 6 16:25 17:35

K7 822 2,4,7 12:30 13:45 K7 264 Daily 16:30 18:15

K7 264 Daily 14:30 15:45 YH 738 7 16:40 17:50

7Y 241 Daily 14:30 15:40 YH 732 3 16:40 19:30

YH 731 1,2,4,5,6,7 15:00 16:25 YJ 752 3,7 16:45 17:55

YH 731 3 15:15 16:40 YH 738 3 16:55 18:05

W9 129 1,3,6 15:30 16:40 W9 129 1,3,6 16:55 19:10

Y5 325 1,5 06:45 08:15 Y5 326 1,5 08:35 10:05

7Y 531 1,5 07:00 08:38 7Y 532 1,5 10:45 12:18

K7 319 2,4,6 07:00 09:05 K7 320 2,4,6 11:30 13:35

Y5 325 2 15:30 17:00 Y5 326 2 17:15 18:45

W9 309 1,3,6 11:30 12:55 W9 309 1,3,6 13:10 14:55

K7 422 Daily 13:00 14:55 K7 423 Daily 15:10 16:30

K7 242 Daily 07:00 10:35 K7 243 Daily 10:50 11:45

YH 505 1,2,4,5,6 10:30 13:10 YH 506 1,2,4,5,6 13:10 14:00

YH 505 3 11:15 14:05 YH 506 3 14:05 14:50

W9 309 1,3,6 11:30 13:50 7Y 122 Daily 13:20 14:10

7Y 122 Daily 12:15 13:05 W9 309 1,3,6 14:05 14:55

K7 422 Daily 13:00 13:35 K7 422 Daily 14:10 16:30

Y5 421 1,3,4,6 15:45 16:40 Y5 422 1,3,4,6 16:55 17:50

K7 319 2,4,6 7:00 8:10 K7 320 2,4,6 12:25 13:35

7Y 531 1,5 7:00 7:48 7Y 532 1,5 11:30 12:18

YJ 751 3 10:30 12:45 YJ 752 5 13:30 16:30

YJ 751 5 11:00 13:15 K7 829 1,3 15:05 15:55

YH 729 2,4,6 11:00 13:00 K7 829 5 15:05 17:25

7Y 741 1,5 11:30 13:18 YJ 752 3 15:40 17:55

K7 828 1,3,5 12:30 14:50 7Y 742 1,5 16:00 17:48

YH 730 2,4,6 16:45 19:10

YH 835 1,7 07:00 11:00 YH 836 1,7 11:00 14:45

YH 831 4,6 07:00 11:00 YH 827 3 11:00 14:45

YH 826 3 07:00 11:00 YH 832 4,6 11:00 14:45

W9 251 2,5 11:30 15:25 W9 252 2,5 15:45 19:40

MANDALAY TO DON MUEANG DON MUEANG TO MANDALAY


FD 245 Daily 12:50 15;15


FD 244 Daily 10:55 12:20

MANDALAY TO KUNMING KUNMING TO MANDALAY


MU 2030 Daily 13:50 16:40


MU 2029 Daily 12:55 15:55

MANDALAY TO SINGAPORE SINGAPORE TO MANDALAY


MI 533 2,4,6 15:45 20:50

Y5 2233 1,2,4,5,6 07:50 14;15


Y5 2234 Daily 07:20 16:30

MI 533 2,4,6 11:30 14:50

Airline Codes

Day

1 ~ Monday2 ~ Tuesday3 ~ Wednesday4 ~ Thursday5 ~ Friday6 ~ Saturday7 ~ Sunday


mmbiztoday.comIT & TELECOM 29

Myanmar Summary

China's Huawei Technologies Co is set to be the

fastest-growing major smartphone vendor this year, analysts said, boost-ing its drive upmarket to challenge industry giants Samsung Electronics Co and Apple Inc.

ATaiwan company that makes back-light modules

used in Apple Inc's iPad as well as other products said it was closing one of its China factories due to sluggish global demand for tablets.

Taiwan-based Coretro-nics Corp has closed the factory in China's eastern city of Nanjing and laid

a company spokeswoman told Reuters last Wednes-day.

The closure comes as global shipments for monitors, notebooks and tablets are projected to drop an average 10 per-cent on-year respectively in 2015, according to re-

Yimou Lee

Yimou Lee & J.R. Wu

The upbeat view came after Huawei, the world's third-biggest smartphone supplier by volume, said third-quarter global smartphone shipments jumped 63 pct year-on-year to 27.4 million hand-sets. Higher-end device sales also grew, a key tar-get for Huawei as it seeks to shed its budget suppli-

Overall demand is likely to remain stagnant be-cause various applica-tions markets are becom-ing saturated, it said.

Coretronics spokes-woman Cindy Wen de-clined to say which prod-ucts are produced at the Nanjing plant, or give details about its size. She said Coretronics' six other panel plants in China are still in operation.

Coretronics plants in Nanjing and Guangzhou in southern China are listed under Apple's 2015 supplier list.

"Since last year the growth of tablet sales has become worse than previ-ous years, and the market demand has been declin-ing for several quarters,"

er image.The July-September

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

Wen said."We might make some

further adjustments in our production capacity in the future, but at the moment we do not have plans to close down more factories," she added.

The plant's closure comes after Taiwan's export or-ders, a leading indicator of global tech demand, fell for the sixth month in a row in September as the economy of China, Taiwan's largest trading partner, slows.

Reuters

contender to Huawei for the top three position (af-ter Samsung and Apple) in the short term," said

Canalys. "That's impres-sive growth."

Huawei remains a dis-tant third, with a smart-phone market share worth $7 billion in the second quarter, about

and Samsung, according to Canalys.

Still, analysts said Hua-wei's branding shift to higher-margin premium models, as well as strong relations with telecom carriers at home and abroad, are now helping it cement its position in the global top three. Pre-viously, smaller players often swapped that rank in price wars.

Third-quarter deliveries climbed 81 percent and 98 percent in China and Europe respectively from a year ago. About a third of the quarterly ship-ments were mid- to high-end models, Huawei said, up from 25 percent a year earlier.

Huawei doubled its Chi-

na smartphone revenue

year, defying a slowdown in the world's biggest handset market that is enveloping rivals Xiaomi and Samsung.

Despite the strong growth in both Europe and China, analysts said Huawei still needs to win over consumers in the United States - where its market penetration re-mains low - if it is to be-come a serious rival to Samsung and Apple as a truly global smartphone brand.

After its products were once labeled a nation-al security risk in a US Congressional report, which said Beijing could use Huawei equipment

this year rolled out new phones and wearable de-vices in a bid to attract new buyers. The company declined to say how many smartphones it has sold in the US.

"It's very interesting to see whether they will do well in the US (market)," said Nomura analyst Le-ping Huang. "It still has some room to grow."

Reuters

Myanmar Summary

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mmbiztoday.comEVENTS 30

Myanmar Garment Manufacturers Associa-

tion's 2nd Annual Factory Award Dinner

U Win Aung, President of UMFCCI is presenting the SMART Award 2015 to Myanmar Ha Hae.

U Myint Soe, Chairman of MGMA presenting an "Honorable Mention" to Prosperity Knitwear Co.,Ltd,Representatives from MoLES, UMFCCI President, President Economic Advisor Prof. Dr Aung Tun Thet, representa-tives from MGMA and Award Winners pose for a photo.

The MGMA hosted 230 guests at the Summit Parkview Hotel Grand Ballroom from 6pm-9pm on October 24th. The event included busi-ness networking, an awards ceremony and a keynote speech by presidential economic ad-viser Professor Dr Aung Tun Thet.

One factory was honored with a “SMART Award” for excellence in social compliance improvements. A 2nd runner-up factory was awarded an honorable mention for excellent practices in employee contracts and work-place conditions.

Business Executives Provide Yoma Bank With Insights

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

Daw Sandra Min, Yoma Bank’s Head of Corporate Banking, addresses the audience during at the start of the pres-entation. Hal Bosher, Yoma Bank’s Special Advisor to the Chairman and CEO, addresses the audience during final remarks.

Photo : Zagar

Bangkok International Fashion Fair RoadshowAn international fashion and later fair came to Yangon at the

Parkroyal Hotel. The experiences of international fashion de-signers, fashion gurus were shared with the ASEAN fashion community. The event was organized by the Thai Trade Promo-tion Department.


mmbiztoday.com

31EVENTS

Sasin Royal Thai Government Scholarships Announced

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

Thai ambassador to Myanmar Pisanu Suvanajata speaks at the event.

Delegates hold a panel discussion. Delegates pose for a photo. A delegate speaks at the event.

Myanwater and Myanlab 2015The international water and wastewater technol-

ogy shoe and laboratory and instrumentation show were held in Yangon and showcased technologies from Japan, India, Malaysia, Taiwan, Singapore, Australia, USA, Germany and Thailand. The exhi-bition was organized by AMB events.

Photo : Zin Thu Tun


mmbiztoday.com

32TRAVEL & LEISUREPhilippine Jeepneys: Art on Wheels

Tom Hall

As ubiquitous to Manila as the black cab is to London or the yellow

taxi is to New York, 'jeepneys' are the Philippines' most iconic mode of transport. The noisy, colorfully decorated vehicles,

sometimes equipped with spe-

hit the roads in the early 1950s and were built from US mili-tary jeeps left behind after the Second World War ended.Take a look at how these unique mo-bile masterpieces are created.

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Myanmar Business Today Vol 3, Issue 43

Documents

Transcript of Myanmar Business Today Vol 3, Issue 43