PwC MyanmarWeekly Business Intelligence

Issue 7018 August 2017

www.pwc.com/mm

PwC | August 2017

1. Weekly Key Financial & Business News

2

PwC | August 2017

Weekly Key Financial & Business NewsHeadlines

3

Tariffs and policies: The crux of Myanmar’s power problem

No Easy Way to Improve Myanmar’s Economy, Experts Say

In ASEAN’s fastest-growing market, SME development barred by obstacles

Myanmar opts for domestic power generation despite neighbours’ offers

YSX-listed firms to enjoy 5pc tax reduction

PwC | August 2017

Weekly Key Financial & Business NewsHeadlines

4

Shares of 55 companies can soon be traded locally

Fiscal deficit halves in 2016-17, but shortfalls in revenue and expenditure

Affordable home market to expand aided by flexi-payment options

State Counsellor urges bankers to promote economic development

A new department to be formed under Ministry of Construction

PwC | August 2017

NewspapersThe Irrawaddy

No Easy Way to Improve Myanmar’s Economy, Experts Say

NAYPYITAW — The National League forDemocracy (NLD)’s economic advisor U MyoMyint blamed a legacy of inept bureaucracy, deep-rooted corruption, military control, and a lack ofcooperation among ministries for his party’s pooreconomic performance.“The lack of cooperation is a big challenge. Asthere is no cooperation between the governmentdepartments, [the NLD] has not been able toadopt comprehensive plans,” said the economicadvisor while discussing the challenges of a shiftfrom a centralized economy to a market economyduring the three-day Myanmar DemocraticTransition Forum in Naypyitaw on Saturday.He described the military-drafted 2008Constitution as the first obstacle in revamping thecountry’s economy.U Myo Myint listed the reasons behindMyanmar’s stagnant economy: “Armed clashes,drug abuse and trade, declining export values, lowproductivity in the workforce and low utilizationof farmland.”“The first challenge [to improve] the stagnanteconomy is the constitution and its limitations—

the Tatmadaw takes 25 percent of seats in theparliament and three ministries are under thecontrol of the military,” he added.Myanmar Army representative to the forum ColAung Myint Oo said the role of the military couldbe reduced when there was stability and goodeconomic performance in the country.He said the country’s economy was an urgentissue for the NLD-led government.“People’s anger builds up with economichardship, the explosion of anger is followed byrevolution. So, [the government] needs tourgently provide secure livelihoods for people,”said Col Aung Myint Oo.“Only after that, the government should work toadopt a strategy in cooperation with experts,military and other members of society,” he added.

Source: The Irrawaddyhttps://www.irrawaddy.com/business/no-easy-way-improve-myanmars-economy-experts-say.html

14 Aug 2017

5

PwC | August 2017

NewspapersMyanmar Times

Tariffs and policies: The crux of Myanmar’s power problem

In 2017, Myanmar is projected to generate amaximum of 2,700 megawatts of electricity, upfrom around 2,500 MW in 2016, as thepopulation expands and demand for power in thecountry continues to rise. Yangon, its largest city,is expected to generate almost half, or 1,300 MWof the country’s maximum electricity demand forthe year, and that is expected to rise by 30 percentper year in 2018 and beyond.Yet, that is just a fraction of the total energyconsumed in Myanmar and 10pc of Thailand’sannual maximum demand. According to the AsianDevelopment Bank’s (ADB) Energy SectorAssessment, Strategy and Roadmap datedDecember 2016, total final energy consumption inthe country totaled some 14,000 MW in 2012-13.The bulk of that energy is produced via traditionalbiomass – firewood or agricultural wastes – andused mainly for cooking and lighting in ruralMyanmar.But things are changing quickly as the economydevelops. With foreign investors taking a keenerinterest in Myanmar, the government is underpressure to provide companies and businesses

with reliable sources of electricity to operate. “Weneed lots of power. We need billions ininvestment,” Aye Kyaw Kyaw, secretary of theYangon Region Electricity DevelopmentManagement Committee, at the 2017 MyanmarGreen Energy Summit in Yangon today.To that end, two major master plans setting outtargets and strategies for electricity supply anddemand have been drawn out. One is theMyanmar Energy Master Plan by the ADB andanother is the National Energy Master Plan by theJapan International Cooperation Agency. “Anyplans for power generation at the regional level inYangon must be in line with these two masterplans. But, all the goals set out in previous masterplans have hardly been implemented and we havemissed all the targets,” Aye Kyaw Kyaw said.

Source: Myanmar Timeshttp://www.mmtimes.com/index.php/business/27275-tariffs-and-policies-the-crux-of-myanmar-s-power-problem.html

15 Aug 2017

6

PwC | August 2017

NewspapersMyanmar Times

In ASEAN’s fastest-growing market, SME development barred by obstacles

Local small and medium-sized enterprises(SMEs) in ASEAN’s fastest-growing market areunable to develop and grow because they arebogged down by a slew of bureaucratic andadministrative difficulties, business leaders andpoliticians said.Local businesses in Myanmar have been sufferingfrom challenges such as lack of access to capitaland intellectual property (IP) protection andburdensome tax and monetary policies. Theseissues need to be tackled with the support of thegovernment and related institutions, they said.“SMEs are the foundation of the country’seconomic development. Therefore, they must begiven support in terms of financial access andproduct quality protection,” U Khin Maung Cho ofthe Ministry of Industry said.Insufficient funds“The banks are just at the stage of sitting in theoffice and waiting for loan applications. Westudied SMEs in Germany. They went all the waydown to the ward level and tried to extend loansto businesses there.”“Banks understand the details such as which

types of businesses are profitable and safe toextend loans to and what opportunities and risksexist if businesses undergo changes, “U Phyo MinThein said. But in Myanmar, SMEs and banksdon’t have a close working relationship, he added.The main reason why many SMEs’ are unable toobtain loans is high interest rates, which are ashigh as 13 percent in Myanmar. “The monetarypolicy of the Central Bank of Myanmar needs tobe revised to reduce interest rates,” said Dr ZayarNyunt, CEO of the SME Development Bank.However, deposit rates in Myanmar have typicallybeen high to account for the country’s high levelsof inflation. As such, “the deposit interest ratescannot be reduced. But without changing depositinterest rates, loan interest rates cannot belowered,” he said.

Source: Myanmar Timeshttp://www.mmtimes.com/index.php/business/27291-in-asean-s-fastest-growing-market-sme-development-barred-by-obstacles.html

16 Aug 2017

7

PwC | August 2017

NewspapersMyanmar Times

Myanmar opts for domestic power generation despite neighbours’ offers

Plans are underway to generate electricity fromlocal power plants even though some neighboringcountries – China, Thailand, Laos and India –have offered to sell their electricity to Myanmar,Deputy Permanent Secretary U Myint Soe of theMinistry of Electricity and Energy (MOEE).Details on arrangements to buy electricity fromother countries have yet to be made available, andis not necessary at the moment, U Myint Soe said.“China has offered to sell us their surpluselectricity but we haven’t replied yet. We are stillat the discussion stage. For now, we can generateelectricity from our power plants. Myanmar hasbeen exporting natural gas – a major powersource – to China and Thailand, which are amongthe countries that offered to sell electricity toMyanmar under agreements made during theterms of previous administrations.The country is currently exporting 300 millioncubic feet of natural gas per day to China and 1.4billion cubic feet per day to Thailand. Now, Chinaand Thailand have offered to sell their surpluselectricity back to Myanmar.One economist, Dr Aung Ko Ko, reckons so. To

solve the problem of electricity shortage,electricity should be bought from surpluscountries, he said.That’s because although the MOEE has arrangedto meet consumption needs for the year,electricity demand will increase annually as moreinvestments are channeled into the country anddevelopment continues.Meanwhile, the government is already strugglingunder yearly losses from subsidising electricitytariffs to the public, and this is while just 30percent of the total population have access toelectricity in the country.According to the National Electricity Master Planwhich was drafted with the help of the JapanInternational Cooperation Agency (JICA),electricity consumption across the country willreach 4,531 megawatts by 2020, 8,121 MW in2025 and 14,542 MW in 2030.

Source: Myanmar Timeshttp://www.mmtimes.com/index.php/business/27292-myanmar-opts-for-domestic-power-generation-despite-neighbours-offers.html

16 Aug 2017

8

PwC | August 2017

NewspapersMyanmar Times

YSX-listed firms to enjoy 5pc tax reduction

Companies listed on Yangon Stock Exchange(YSX) will now need to pay only 20pc income tax,according to the Ministry of Planning andFinance.The stock exchange needs more companies to beon board in order for the stock market to growand develop. Hence, a 5pc tax discount has beenoffered to those firms in order to attract morecompanies to join the YSX.The Union Tax Law instructs that corporateincome tax is 25pc. But for YSX-listed firms,income tax will only be 20pc. In addition, thoselisted firms will be exempted from fines andpenalties if they pay the remaining payable taxafter disclosing the revenue, the law stated.“The main purpose is to attract more listedcompanies by providing a tax incentive.“The tax rate here is a bit high when compared toother countries in the region.“But taking into account the situation andconditions in our country, the ministry mighthave decided an appropriate rate,” a member ofSecurities Exchange Commission of Myanmar(SECM) U Htay Chun said.

Tax rates of as low as 5pc is imposed on listedcompanies in some of the other countries withinthe region, he continued.Capital market expert Dr Aung Thuya added thatmore companies need to join the YSX before thestock market can grow and develop in Myanmar.With more listed companies, there will be moreopportunities for capital market investors and thegovernment will receive more tax revenues asthose firms have to disclose income conditions, hesaid.At present, there are only four YSX-listedcompanies and these are First MyanmarInvestment (FMI), Myanmar Thilawa SEZHoldings (MTSH), Myanmar Citizens Bank(MCB) and First Private Bank (FPB).

Source: Myanmar Timeshttp://www.mmtimes.com/index.php/business/27312-ysx-listed-firms-to-enjoy-5pc-tax-reduction.html

17 Aug 2017

9

PwC | August 2017

NewspapersMyanmar Times

Fiscal deficit halves in 2016-17, but shortfalls in revenue and expenditure

The budget deficit for the 2016-2017 fiscal yearended March 31, 2017 was a little over half of theofficial target as a result of government under-spending, according to the preliminary datareleased to members of the parliament.The data revealed an actual deficit of just K2.62trillion compared to the official target of K4.01trillion for the fiscal year.This was mainly due to a shortfall in governmentspending, which amounted to K18.6 trillionduring the period versus the target of K21.1trillion.However, the government only managed to collectK16.54 trillion in revenues for the year comparedto its target of K17.09 trillion.That’s a shortfall of K553 billion in revenuescollected versus under-spending of K2.5 trillionduring the fiscal year.In comparison, during the 2015-2016 fiscal yearunder U Thein Sein’s government, total revenuecollected was K16.29 trillion while totalexpenditure amounted to K19.33 trillion,resulting in a deficit of K3.16 trillion.Not a good sign

While spending less than anticipated implies thatthe government is making progress towardsreducing the fiscal deficit, U Ba Shein, the PyithuHluttaw chair for the Bill Committee, said “itcannot be taken as a good sign.”“It’s not good to have big difference in either thedeficit, the spending, or any of the targetedrevenues,” he said, as huge differences betweenthe government’s targeted and actual spendingcould have an adverse impact on Myanmar’seconomic goals.According to the data, the decline in revenue wasdue to lower inventory sales by the Ministry ofAgriculture, Livestock and Irrigation as well asfailure by the Ministry of Commerce to sell an oilmill at Kyaukse.

Source: Myanmar Timeshttp://www.mmtimes.com/index.php/business/27311-fiscal-deficit-halves-in-2016-17-but-shortfalls-in-revenue-and-expenditure.html

17 Aug 2017

10

PwC | August 2017

NewspapersMyanmar Times

Shares of 55 companies can soon be traded locally

55 public companies which were given the greenlight to sell shares in the local over-the-counter(OTC) market must receive official permissionfrom the Securities and Exchange Commission ofMyanmar (SECM) first, U Htay Chun, member ofthe commission, told The Myanmar Times.The announcement comes a day after theDirectorate of Investment and CompanyAdministration (DICA) on August 15 released thelist of 55 public companies which have beenallowed to sell their shares outside the YangonStock Exchange (YSE).OTC trading is done directly between two partieswithout the supervision of an exchange.As there have been incidents during which shareshave been sold illegally in the past, the State willnow permit only the 55 companies selected to sellshares locally.However, new rules under the MyanmarSecurities Exchange Law stipulate that thecompanies must first receive permission from theSECM if they want to sell shares, said U HtayChun.“DICA selected the list of 55 public companies

specifically so that the public can avoid trading inthe shares of companies without permission tosell their shares,” said U Htay Chun.But these companies were given permissionbefore the Myanmar Securities Exchange Law wasenacted. Of the 55 public companies announcedby DICA, four are currently also listed on theYangon Stock Exchange. They are First MyanmarInvestment Company, Myanmar Thilawa SEZHoldings Public Limited, Myanmar Citizens Bankand First Bank.Currently, SECM allows only two companies,Yangon Bus Public Company and Myanmar AgroExchange Public, which are not listed on the YSX,to sell shares on the OTC market.

Source: Myanmar Timeshttp://www.mmtimes.com/index.php/business/27313-shares-of-55-companies-can-soon-be-traded-locally.html

17 Aug 2017

11

PwC | August 2017

NewspapersMyanmar Times

Affordable home market to expand aided by flexi-payment options

Demand for private affordable housing inMyanmar is expected to rise this year as a slew ofunits nearing completion are put up for sale, saidMr Kevin Goos, managing director ofShweProperty.com.“For the last 24 months, developers have justbeen building and not selling. Now, that’schanging as projects are nearing completion,” hesaid.To sell units, developers are now providing moreattractive payment options such as installmentplans and interest-free loans and getting theirprojects pre-approved for end-buyer financing.“Affordable housing demand has been growingsince the local banks began establishing home-loan products. We have seen transactions increasemonthly,” Mr Goos said.U Yan Aung, general manager of AsiaConstruction, said local developers are pushinghard to sell their units this year by offering buyersthe option to pay up via attractive installmentplans. SKK Family Construction, for example, isoffering buyers up to 36 months of interest-freeinstallment payments.

“In the past, developers were less interested tomeet up with banks to arrange for loaninstallment plans and buyers had to make theirown arrangements with the banks. Now, localdevelopers are trying to sell their units with long-term installments and some have tried to link updirectly with local banks to offer more flexible andattractive payment options to buyers,” he said.Better ratesBuying activity will likely increase even more overthe longer term as the banking sector matures.Currently, buyers pay a deposit of 30 percent andfinance the remaining 70 pc via loans from thebanks at a rate of 13 pc. “If buyers can pay a lowerdeposit and finance the remainder of the loan at alower interest rate, then most people withreasonable incomes will buy instead of rent,” UYan Aung said.

Source: Myanmar Timeshttp://www.mmtimes.com/index.php/business/property-news/27315-home-market-expand.html

17 Aug 2017

12

PwC | August 2017

NewspapersMyanmar Times

State Counsellor urges bankers to promote economic development

State Counsellor Daw Aung San Suu Kyi hasurged prominent bankers to cooperate and takepart in the country’s economic development at aseparate meeting held at Nay Pyi Taw.She met with the chairs from 22 banks in Nay PyiTaw on August 15. The state counsellor urgedthem to cooperate in banking sector forMyanmar’s economic growth, Small & MediumIndustrial Development Bank (SMIDB) patron UKhin Shwe told The Myanmar Times.He added that the banking sector is the lifebloodof the economy and if the banks are not faringwell, the economy cannot become robust either.“Regarding all those issues, after negotiating withthe Central Bank of Myanmar, the statecounsellor will call another meeting in September.“Then, a clearer path and clarity will be availableregarding what the government will do and whatthe private sector will do.“The banking sector is the lifeblood of the nation’seconomy and if it is not good, the economy cannotbe good either. The state counsellor is aware ofthat. Therefore, it seems that she will be makingefforts in that area,” U Khin Shwe commented.

He noted that other big businesses and bankersalso attended the meeting, including U KhinMaung Aye, U Sein Maung, U Tayza and others.“The state counsellor urged us to get on board indoing business. Therefore, it means we willcooperate and take part in the country’s economicdevelopment,” U Khin Shwe said

Source: Myanmar Timeshttp://www.mmtimes.com/index.php/business/27310-state-counsellor-urges-bankers-to-promote-economic-development.html

17 Aug 2017

13

PwC | August 2017

NewspapersMyanmar Times

A new department to be formed under Ministry of Construction

The government will establish a new agency calledthe Department of Rural Development, under theMinistry of Construction (MOC), to implementroad construction projects, a senior constructionministry official said Wednesday.Previously, road construction is beingimplemented by both the MOC and the Ministryof Agriculture, Livestock and Irrigation (MOALI),according to Ministry of Construction PermanentSecretary U Win Myint.He said the newly-established Department ofRural Development will be the sole agency thatwill handle road construction in the country.“As it becomes necessary to put all road(including bridges) construction under oneumbrella of a single ministry, that departmentwas transferred to MOC for the ministry to lead,”he said.“Therefore, all roads from rural roads connectingvillages, townships and districts to Union levelroads excluding City Development Committeeroads will be undertaken by MOC alone,” headded.The new agency will be administered by3000 staff, but it will start operating with an

initial 1500 staff.All the 585 old staff from previous Department ofRural Development under MOALI together with100 veteran engineers from Department ofBridges and Department of Road will betransferred to that new department under MOC,U Win Myint said.The remaining vacant posts will be filled by newlyhired engineers and, if appropriate, governmentemployees from other ministries, depending onthe availability of budget, he added.The perspective on rural road construction mighthave been changed under the new government’sterm because only 202.4 miles of rural roads wereapproved in 2017-2018 fiscal year, which was only10 percent of 2224.7 miles permitted by theprevious government in 2016-2017 budget,according to Deputy Director General of theDepartment of Rural Development U Myint Oo.

Source: Myanmar Timeshttp://www.mmtimes.com/index.php/national-news/nay-pyi-taw/27328-a-new-department-to-be-formed-under-ministry-of-construction.html

18 Aug 2017

14

PwC | August 2017

2. Weekly Investment News

15

PwC | August 2017

Weekly Key Investment NewsHeadlines

Myanmar Strategic plans to open up to ten hostels

Myanmar approves $184m mixed-use realty development in Bago region

Korea’s Lotte to launch hotel, service apartments in Yangon

16

PwC | August 2017

NewspapersMizzima

Myanmar Strategic plans to open up to ten hostels

Hostel and language school operator MyanmarStrategic Holdings Limited (LON:SHWE) is todebut on the London Stock Exchange through astandard listing later this week, industry websiteproactivestors.co.uk reported on 14 August.

The operator of three hostels and an Englishlearning centre in Myanmar, MSH will raiseUS$4.2mln for further expansion. At the list priceof US$10, the company will have a market valueof US$22.7mln.

Founded by former Goldman Sachs employeeEnrico Cesseni in 2013, the aim is to open up toten hostels to fill a gap he sees in the market inMyanmar for quality budget accommodation, thereport said.

Source: Mizzimahttp://www.mizzima.com/business-domestic/myanmar-strategic-plans-open-ten-hostels

15 Aug 2017

17

PwC | August 2017

NewspapersDeal street Asia

Myanmar approves $184m mixed-use realty development in Bago region

Yangon-based Hantharwady Development PublicCompany has secured the state approval to investa total of about K250 billion ($184 million) for amixed-use land development comprising housingand industrial park projects in Bago Region. Thehousing project covers an area of 266.75 acres inOathar town and the Industrial park covers2454.98 acres in Indagaw, both located near theYangon-Mandalay highway road. The investmentto be used for land development for the housingproject is K27.826 billion ($20.4 million) andK222.545 billion ($163.4 million) for theindustrial park. The work of HantharwadyDevelopment Public Company also covers anotherproject area aimed to develop on a 2,455.77-acreland for an eco-resort, which got the green lightduring the tenure of the previous government andlocated in the middle of the other two projects.“We will be welcoming local and foreign partnersto joint venture with us for future stages ofdevelopment for the whole project,” said Khin MgLwin, assistant vice president of HantharwadyDevelopment Public Co Ltd during an interactionwith DEALSTREETASIA.

Hantharwady Development Public Co Ltd ischaired by Than Tun and has over 500shareholders.The aim of the whole project is to develop the areain Bago and support the private sector by sharingthe benefits with the local entrepreneurs. Some ofthe facilities to be included in the Industrial Parkproject include areas for residential, commercial,logistics, road and transport facilities andgreenland. The required infrastructure facilitiessuch including road, electricity, drainage systemshave already been planned, he said. Bago will alsosee a new international airport, HanthawaddyInternational Aiport which had been delayedmuch but in the process of negotiations withJapan for fund raising which is expected to becompeted by 2022.

Source: Deal street Asiahttps://www.dealstreetasia.com/stories/new-land-development-hosing-industrial-park-bago-approved-184-million-80604/

18 Aug 2017

18

PwC | August 2017

NewspapersMizzima

Korea’s Lotte to launch hotel, service apartments in Yangon

Korea’s Lotte group will launch its awesomeresort hotel and service apartments in Yangon onSept 1 beside the picturesque Inya Lake in itsmarch to become one of Asia’s formidablebusiness conglomerate.Founded by Korean businessman Shin Kyuk-ho inJapan in 1948, Lotte expanded into South Koreain 1967 with a range of confectionery products.It is now South Korea’s fifth largest businessconglomerate but looks all set to surpass manyothers with huge presence in finance, retail,petro-chemicals, electronics, hotels and tourism .On Sept 1, the Lotte launches its hotel and theservice apartments block besides the picturesqueInya Lake, establishing its presence in Myanmar.“Myanmar is an emerging market and ourpresence here is overdue,” said Mikon, LotteHotels & Resorts marketing director.“And now we are here with a bang. Our Hotel andService Apartments are clearly a cut above anyother competitor in Yangon,” she said.Located near the Shwe Dagon Pagoda and to thewest of Inya Lake, that gives those staying in thehotel a picturesque view of both, Lotte’s location

will be the envoy of competitors and the delight ofthose who choose to stay there.The Lotte hotel has 30 suites including aPresidential Suite and a Royal Suite on the 13thfloor that gives the best view of Inya Lake andShwedagon.A range of large to small banquets and a variety ofrestaurants add muscle to the hotel’s offering.“This must be one of the biggest investment inMyanmar’s hotel industry in recent years andproves Yangon is becoming a happening city,”said regional analyst Subir Bhaumik.

Source: Mizzimahttp://www.mizzima.com/business-domestic/korea%E2%80%99s-lotte-launch-hotel-service-apartments-yangon

19 Aug 2017

19

PwC | August 2017

3. Weekly New Tenders

20

PwC | August 2017

Tenders (Myanmar Government)List

Note: tenders information are collected from http://www.mmtimes.com/, https://tender.yangon.gove.mm, http://consult-myanmar.com/, and http://www.myanmar-opportunities.org/mm/tenders http://www.buildersguide.com.mm/en/ .

21

Invitation for Tender for Supply of Cashless Payment System for YBS Bus, Closing Date: extended to 16th Sep 2017

National Electrification Project (NEP) Call for Proposals for Mini Grid Projects (CFP2: NEP FY 2017/18), Closing Date: 30th Oct 2017

PwC | August 2017

Tenders (Multilateral organizations) List

Note: tenders information are collected from https://wbgeconsult2.worldbank.org, www.devex.com, www.adb.org, https://www.ungm.org

22

Greater Mekong Sub-region Health Security Project: Gender and Social Safeguard Specialist, Closing Date: 23rd Aug 2017 (Individual)

Greater Mekong Subregion Health Security Project: Monitoring and Evaluation Specialist, Closing Date: 23rd Aug 2017 (Individual)

Agriculture and Value Chain Specialist (International), Closing Date: 22nd Aug 2017 (Individual)

Strengthening Institutions for a Better Investment Climate - Legal and Implementation Expert – Company Law and Online Registry (International), Closing Date: 23rd Aug 2017 (Individual)

PwC | August 2017

Tenders (Multilateral organizations)List

Note: tenders information are collected from https://wbgeconsult2.worldbank.org, www.devex.com, www.adb.org, https://www.ungm.org

23

Global Infrastructure Facility (GIF) Mid-Term Evaluation, Closing Date: 28th Aug 2017

Multi-stakeholder platform for knowledge sharing on access solutions for innovative medicines, Closing Date: 31st Aug 2017

Request For Proposal for the provision of Household Study for LIFT Fund 2017, Closing Date: 6th Sep 2017

National Economics Consultant, Closing Date: 25th Aug 2017 (Individual)

PwC | August 2017

4. MIC Permitted Projects

24

PwC | August 2017

MIC Permitted Projects (Meeting 11, 2017)

No. Name of Company Type of Investment Form of Investment

1 Wilmar Myanmar Edible Oils LimitedProduction, Sale and Distribution of Bottled and Packed edible oils

Joint Venture

2 Aung Gabar Motor Services Co., LtdAssembling, Manufacturing and Maintaining of Motor

Myanmar Investment

3 Hantharwady Development Public Co., Ltd Development and Leasing of Real Estate Myanmar Investment

4 Hantharwaddy Development Public Co., Ltd Development and Lease of Industrial Park Myanmar Investment

5 Tint Tint Myanmar Group of Companies Limited Inland Water Transportation Phase-1 Myanmar Investment

6 Paradiso Cinemas Co., LtdConstruction of Cinemas and Operation of Movies Show

Myanmar Investment

7 Myanmar Chemical & Machinery Co., Ltd Offshore Supply Base Port Project Myanmar Investment

25

PwC | August 2017

5. Upcoming Events

26

PwC | August 2017

Upcoming Events (August 2017 to September 2017) List

Date Location Name of Event Sector Price Focus Points

14-15 Aug 2017 YangonMyanmar Green Energy Summit

Water & Energy $ 1,600

The hosting of the 5th edition of Myanmar Green Energy Summit in Yangon will once again converge the top notch of both local and international energy stakeholders to be updated on the development plans and policies in investing in energy sector.

16-17 Aug 2017 YangonGlobal Water Conference

Utilities $ 1,350

This conference is designed to facilitate the implementation of the water management policies and encouraging collaboration between those working on water resources manage and water technologies, public health, economic growth and other issue.

27-29 Sep 2017 Yangon Agri Myanmar Agriculture Free

Agri Myanmar 2017, is the leading agriculture event in Myanmar promises great chances for business cooperation, networking, potential market entry, as well as for exchanging useful information and innovative ideas.

12-14 Oct 2017 YangonBuilding & Construction Myanmar

Construction Free

The event showcases product from Building and Construction industry as well as to help the professionals to discuss about the new opportunities and trends associated with the industry.

27

PwC | August 2017

Upcoming Events (October 2017) List

Date Location Name of Event Sector Price Focus Points

12-14 Oct 2017 Yangon Mining Myanmar Mining Free

This event showcases product from Minerals, Metals & Ores industry. This event showcases product from Minerals, Metals & Ores industry. like will provide companies with opportunities to see first-hand the potential in Myanmar's Mining sector.

12-14 Oct 2017 YangonElectric, Power & Renewable Energy

Power Free

Showcases product from Electronics & Electrical Goods, Power & Renewable Energy industries etc. in the Electronics & Electrical Goods, Power & Renewable Energy industries.

18-19 Oct 2017 Yangon Oil & Gas Myanmar Oil & Gas Free

Opportunities and difficulties facing in Myanmar Oil & Gas Industry as it embarks on its exciting new phase of growth.

09-11 Nov 2017 Yangon Myanenergy Energy Free

Show exhibits a wide range of latest technology aided products and equipment related to the power industry. The leading industrialists will be present in this show to exhibit the respective range of modernized and productive range.

28

PwC | August 2017

Upcoming Events (November 2017) List

Date Location Name of Event Sector Price Focus Points

23-25 Nov 2017 Yangon Myanwater Water Free

Will provide a platform to the technical and professional experts related to waste management industry. Attendees will get a scope to improve and enhance their knowledge by attending this international trade show

29 Nov 2017 YangonMyanmar Satellite Forum & Exhibition

Technology TBC

An opportunity for the global and regional satellite industry to meet with invited guests from Myanmar in broadcasting, B2B, government and homeland security. The Forum is part of the CommuniCast Myanmar event.

29

© 2017 PricewaterhouseCoopers Myanmar Co Ltd. All rights reserved. In this

document, “PwC” refers to PricewaterhouseCoopers Myanmar Co Ltd, which is

part of the network of member firms of PricewaterhouseCoopers International

Limited, each of which is a separate and independent legal entity.

www.pwc.com/mm

PwC Myanmar Business Intelligence Publication

For further information please contact:

Jovi SeetSenior Executive Directorjovi.seet@sg.pwc.com

Brandon LyeDirectorbrandon.lye@sg.pwc.com

30