Myanmar Business Today - Vol 1, Issue 44

MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL

www.mmbiztoday.com

IMF Chief Lagarde
Due in Myanmar

December 5-11, 2013 | Vol 1, Issue 44

Malaysian Exporters Eye
Myanmar for Trade Growth
Oliver Slow
Reporting from Kuala Lumpur

M

great

potential

by Malaysian oil giant
Petronas.
As Myanmar emerges

Myanmar Summary

military rule and works
towards
a
genuine

market with regards to
both its products and
the chief of Malaysia’s
national trade promotion
agency.
Speaking with Myanmar Business Today on
the sidelines of Interna-

Reuters

hosted in Kuala Lumpur

expertise in the education sector – Malaysia
is ranked 11th in terms
of total international
sign that its education is
highly respected – can
key skills and education
in Myanmar.
“In a country like My-

IMF chief Christine Lagarde.

Kyaw Min

T

he
International
Monetary
Fund
(IMF) chief Christine Lagarde will make

based lender said in a
statement.

Myanmar Summary

tjynfjynfqdkif&maiGaMu;&HyHk
aiGtzGJUrS tBuD;tuJjzpfonfh
Christine Lagarde onf jrefrm

th

world’s 13 largest econothis month adding to a
economy on the rise; and
its to the recently-opened
Southeast Asian country.
mar’s capital Nay Pyi Taw
and commercial hub Yangon during her December
after stops in South Korea

a

great

awakening

to

Lagarde said.
Lagarde will meet with
Contd. P 19...

rnfjzpfaMumif; od&onf/

tdkbm;rm;tygt0iftjynfjynf

Contd. P 19...

said trade is growing between the two countries
and the formerly-isolated
portunities to Malaysia
for business.
“In oil and gas for examMyanmar] already and

International
Trade
(INTRADE) Malaysia 2013

(MATRADE)
Dr Wong Lai Sum

is only 30 percent of other
Southeast Asian nations.

to either import the skills
or the know-how. So this
is about doing tie-ups

allowing us to work with
companies from other
countries who are also in
with particular reference
to the work being done

Contd. P 6...

Contd. P 6...

u

2

LOCAL BIZ

Myanmar Business Today
www.mmbiztoday.com

December 5-11, 2013

Suu Kyi to Australia:
Smart Money’s On Us

MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL

Board of Editors
Editor-in-Chief - Sherpa Hossainy
Deputy Editor - Oliver Slow

Reporters & Writers
Sherpa Hossainy, Oliver Slow,
Kyaw Min, Shein Thu Aung, Phyu Thit Lwin, Htet Aung,
Su Su, Aye Myat, Daisuke Lon, Yasumasa Hisada

Art & Design
Zarni Min Naing (Circle)

DTP

A

ung
San
Suu
Kyi has issued a
clarion call to Australia’s political leaders:
take a punt on us.
The Myanmar presidential hopeful and National
League for Democracy
leader has used an address in Sydney to call on

May Su Hlaing

her country as it works

Translators

brutal military regime.
She says she understands the impulse for

Advertising
Tay Zar Zaw Win, Seint Seint Aye, Moe Hsann Pann
Advertising Hotline - 09 7323 6758

Subscription & Circulation
Aung Khin Sint - aksint2008@gmail.com
092043559
Nilar Myint - manilarmyint76@gmail.com
09421085511

Managing Director

bolster

relations

with

the smart money is on her
pro-democracy party.

Myanmar's opposition leader Aung San Suu Kyi speaks during a seminar as Australia's Prime Minister Tony Abbott
looks on.

erally like to get on with

Prasert Lekavanichkajorn
pkajorn@hotmail.com

Email
Editor - sherpa.hossainy@gmail.com
Special Publications - oslow99@gmail.com
Advertising - sales.mbtweekly@gmail.com
Designer - zarni.circle@gmail.com

Phone
Editor - 09 42110 8150
Deputy Editor - 09 3176 9529
Designer - 09 7310 5793

Publisher
U Myo Oo (04622)

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Tel: 951-2301568, 951-2301569, 951-2301570
Fax: 951-8603288 ext: 007

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Tel: (662) 6158625-33 Fax: (662) 6158634

AAP

Shein Thu Aung, Phyu Maung

including business giant
Frank Lowy and NSW
at the Lowy Institute on
Thursday last week.
“But as I said it’s better
to look to the long run and
ians supposed to be rather
There were laughs as
Australia came in for a
gentle ribbing from the
Nobel laureate: “Aren’t
you supposed to be a

Suu Kyi urged foreign

which has only recently
allowed elections.
“I know that when busi-

onf/
a':atmif q ef ; pk M unf t ae

because they expect to
“(But)

you

cannot

Burma to promote the
right kind of political
as well as their business
AAP
Myanmar Summary

a':atmifqef;pkMunfu jrefrm

pD;yGm;a&;rSm Ediia&;ESifh qufpyf
k f H

young nation?

a ': a tmif qef ; pk Munf u
at the same time it would
you to put your bets on

a':atmifqef;pkMunfu EdkifiH

3

www.mmbiztoday.com

December 5-11, 2013

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4

LOCAL BIZ

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December 5-11, 2013

Myanmar: Not that Hard to Do Business
Andrew Tan

Myanmar Summary

T

he recent World Bank’s
Doing Business 2014

report says that Myan-

it in the bottom ten of the table
(182 out of 189) in terms of ease
of starting a business.
The result is not at all unexpected as Myanmar grapples
with more than 50 years of

Myanmar is coming in from a
the Myanmar’s GDP to grow by
at least 7 percent for the next 20
years.

Soe Zeya Tun/Reuters

functional banking system and
poor infrastructure.
There is a correlation between
risk and return. Myanmar being
an emerging market is a high
risk market. Myanmar is not
for the faint hearted. I would
not recommend my clients to
put their retirement money

aMumif; od&onf/

the

Myanmar

Companies

are starting a business in sectors
regulated by the State Owned

needs to be remitted only when

“If you just want to start a service company under the Myan-

into a production sharing contract with the state or bid for a
licence in an open tender. Due

sion making process it can be

get the business up and running
within a month.
The World Bank’s “Doing
template in order to make it

remitted into your company’s
bank account upon incorpora-

oil and gas or telecommunica-

boggling.

business licence within two
weeks and the business can be
up and running within a month.
Of the minimum capital of

mar Companies Act – it is quite
simple and straight forward.”
The company can be 100
percent foreign owned with
normally get your temporary

the business licence is due for
renewal at the end of the fourth
year. So basically you can start

countries being measured – it
does not measure by sector or
industry nor does it profess to
do so.
Myanmar is not a hard place
to do business if you know what
right local partner.
Andrew Tan is the managing
director of Consult-Myanmar
Co Ltd. Consult-Myanmar is
a 100 percent Singaporeanowned company that is incorporated in Myanmar. ConsultMyanmar provides business
advisory, business partner
search, company incorporation and immigration service
to foreign investors that are
interested to start a business in
Myanmar.

onf/

5

LOCAL BIZ

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December 5-11, 2013

Twenty firms drop out of bidding on
Myanmar offshore blocks
media.
because
shallow and 19 deep-sea
blocks. Those chosen to

they

already
-

according to an October

onf/
foreign companies can
on their own as few local
ence in the sector.
Among the 79 companies that bid in the

exploration in Myanmar.

Impact Assessments be-

od&onf/

Reuters

aumfr&Sif

A

bout 20 companies dropped out

of bidding for oil and gas

tion and Production Plc
While

61

companies

to name the companies.
“Processing is still going

about 40 submitted appliof anonymity as he was
not authorised to speak to

Japan Eyes Boosting
Trade, Investment in
Myanmar
Su Su
apanese entrepreneurs are seeking cooperation in
run media reported.
A meeting on bilateral trade conditions was held re-

Federation).
The meeting focused on promotion of trade and in-

nation stood at $406.49 million.
th

in Myanmar’s foreign

Myanmar Summary

Japan-Myanmar Economic Committee
KEIDANREN (Japan Business Federation)
Katsumata Nobuo

of

Reuters
Myanmar Summary

Petroliam Nasional BHD
(Petronas).
-

onf/

LOCAL BIZ

6

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December 5-11, 2013

Biman to Start Direct Dhaka-Yangon Flights
Flights to resume after six-year hiatus
Yangon and Dhaka after Biman

ity of 12 business class and 150
economy class passengers.

cities in 2007 citing “huge
Biman’s Boeing 737 in this
-

Bangladesh and Myanmar. In
Bangladesh agreed to launch

ment signed in August between

with international air transport

*All times mentioned above are local time
Myanmar Summary
WMC

Biman

onf business class
Kyaw Min
Air-

Biman will start operating two
weekly commercial schedule

Yangon from the neighbouring
country’s capital Dhaka this

from December 9.
Myanmar and Bangladesh
lish direct air link to connect

-

Wong admitted that the international economy had slowed
-

B

iman

Bangladesh

year.
Growth’ in four key clusters –
facturing support.

Malaysia is expecting to close
2013 with 3.3 percent growth
in trade and less than 1 percent

-

Airlines

onf

Biman Bangladesh
Dhaka

ESpfBudrfajy;qGJoGm;rnfjzpfaMumif; od&
onf/ Biman onf Dhaka ESifh

economy class

onf/
Biman

said.
Wong said that the year’s IBM
had attracted more than 800
foreign businesspeople from
percent increase from 2012 and
that the exhibition too had seen
the year before.
Bilateral trade between Myanmar and Malaysia reached $880

regards to Malaysia’s small and

by 5.2 percent and export 2.6

which make up more than 90
percent of all companies in the
country.
“We need to ensure that these
-

contribution to the growth of
Malaysia’s export products.
The 2012 Intrade generated

almost 12 percent from a year

lion ($181 million) coming from
the incoming buying mission
(IBM) – a precursor to the trade
ers are matched with foreign
buyers who are interested in
their products.
-

was down 14 percent to $586
million from the same period a
year earlier.
Malaysia’s most popular
export to Myanmar is Palm

whether it’s in the domestic
Malaysia’s minister for inter-

Myanmar Business Toady of

common product imported by
collected $62.36 million.

Malaysia.
although admitted that it can be

Files

to about 23 percent of GDP and
we would like to see the impact

tion will be hosted at MATDr Wong Lai Sum, CEO of Malaysia External Trade Development Corporation (MATRADE).

“When people sit down to talk
He added that many companies had led the way in showing
a country’s economy.

may not necessarily seal the deal
immediately – it takes time.
After sitting down together for

rsm; ta&;ygyHkudk Myanmar Business
Toady

or two good suppliers. You can

“If you are interested in developing a

Wong

certain industry, you need to either
Wong

import the skills or the know-how. So
this is about doing tie-ups with various
institutions to acquire those skills.”
Wong

Sri Mustama Mohamed

onf/

LOCAL BIZ

7

December 5-11, 2013

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Two More Law Firms Join Myanmar Rush
tinued to entrust us with
more and more matters
felt the time was right to
launch a physical pres-

co-managing partner of
Tilleke & Gibbins. Based

certainly eyeing further

aMumif; od&onf/
Since the beginning of

Rouse

& Partners opened its

Rouse
Harwood opened their of-

trademark

registration

Files

which continue to eye
Myanmar but are yet to
Shein Thu Aung
mark law currently before

T

wo
international
intellectual prop-

ents in IP matters in these

Tilleke

recently-opened Southeast Asian country.

designs and copyright.
The country’s trademark
law is expected to be the
the end of this year. An IP
country manager and also

designs and geographical
indications. IP commercialisation and technology

bright future in Myanmar.
with a strategic position
and Thailand. Working in
the country brings many

Myanmar by an internaMattei and Moe Mynn
Myanmar

who

“The country’s IP regime
is currently undergoing
– now is the right time
for companies to begin to
understand and protect
their IP in Myanmar. I
am looking forward to
working with the rest of
at this incredibly exciting

Minford.
“We already

tion in 1994 and must be
manage
2021.
Meanwhile

Bangkok-

step will ensure we can
in Yangon and has a particular focus on IP related
positioned to operate in
tei and Moe Mynn Thu

Tilleke has also launched
and Laos as part of the

ESifh Moe

BuD ; Muyf a qmif &GufoGm;rnfjzpf
aMumif; od&onf/
Rouse onf jrefrmhaps;uGuf

Myanmar Summary

is drafting separate laws

Thailand-based

from

broadly into other areas.
“We are constantly

Myanmar has no spe-

Rouse
Fabrice Mattei
Mynn Thu

termine where we should
Rouse
Tilleke

Many of our clients are
thousands of registration
matters in each country.

single point of contact for
their legal needs across

& Gibbins

aumif;jzpfonf[k ,MkH unfaMumif;
Luke Minford

8

LOCAL BIZ

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December 5-11, 2013

Mitsubishi to Build 7,000MW Power Plant in Myanmar
The joint venture with two Thai firms to cost $9.85 billion
Aye Myat

Myanmar Summary

apanese trading house
Mitsubishi Corp will build

Mitsubishi Corp

power station in Myanmar’s
southeastern Dawei special ecoture with two Thai companies.
Mitsubishi will team up with

aMumif; od&onf/
Mitsubishi
onf

Electricity
Generating,Italian-Thai Development

set up the new entity as early as
Nikkei reported.
Outlays could reach 1 trillion
yen ($9.85 billion).
This marks the latest in a series of Myanmar infrastructure-

shortages.
The total output capacity of
the consortium’s facilities will
-

toD;oD;ydkifqdkifoGm;MurnfjzpfaMumif;
od&onf/

Files

bolster industry in the newly

go into operation in 2015.

business in Dawei would be a
symbol of collaboration among
He said Mitsubishi’s participation would encourage more

communications

are

among

sell the rest to Thailand.
Natural gas will likely to account for 20-30 percent of the

onf

erating Authority of Thailand

The

Thai

and

Myanmar

companies. Mitsubishi’s participation will come under the
power-generation sector.


9

LOCAL BIZ

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December 5-11, 2013

World Bank Launches Enterprise
Survey in Myanmar
Survey a part of investment climate assessment in Myanmar
menting a broad range
of reforms to stimulate

Su Su

T

he World Bank
Group has launched
an enterprise sur-

doing business in My-

The lender said the
Hearing from businesses
in Myanmar on what they
see as the main issues and
comparing
constraints
they face with those in
other countries can help
to focus on policies with

based lender said.
Climate Assessment with

Bank country manager in
Myanmar.
The World Bank has

partment of International

World Bank guarantees
information

to

urÇm h b Pf t zGJU rS jref rmEdiiH
k f
using the standard World
Bank methodology.

and business regulations.

cities. Preliminary results

will also set a benchmark
and help in measuring
progress as the Myanmar

said.
The

Insurance Association to Launch Soon
Phyu Thit Lwin

T

ance association comprising the lone state-run

setting up the association.
stered through the introduction of this association.
“The association can educate the public and impart
knowledge to the industry stakeholders. The market
The minister said local insurance company First Nato prepare the draft bill for the association.
their operations.
Myanmar Summary

oGm;rnfjzpfNyD; tqdygtoif;udk NGO
k

Mum;onf/

aMumif; od&onf/
Myanmar Summary

ronment including access

imple-

jzpfaMumif; jrefrmEdkifiHqdkif&m

and the cost of labour in
Myanmar compare to
other countries?
The World Bank has

analysis will help inform

is

lender

said

rS aiGaMu;

jzpfonf/

as: What is the main
obstacle for growth for
small businesses in Myanmar? What are they key
obstacles to exporters?

and large – in Myanmar.

said.
“Myanmar

(UKAID)

help

around the world includAsia. The result is a set of
comparable indicators at

ensure reliability of the
collected data and to
protect the identity of

to

jzpfonfh Kanthan Shankar

LOCAL BIZ

10

December 5-11, 2013

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EU Beefs up Humanitarian Assistance
Provides $4 million in fresh funding; encourages dialogue and intercommunal understanding to end violence in Rakhine and Kachin states
Shein Thu Aung

Myanmar Summary

T

was disturbed by the dramatic

million ($4.08 million) to assist
and Kachin states in Myanmar
which has left thousands of peo-

communities and disrespect of
fundamental rights.
foremost for security and for
a durable solution that allows
them to go back to their lost

said.
This brings the commission’s
humanitarian funding in 2012-

conference.
The assistance will be used to

aMumif; od&onf/

Sorensen hoped that authorities would do their outmost to
ensure unfettered access for
humanitarian aid workers to

Humanitarian
Aid & Civil Protection department
(ECHO)

“We are disturbed by threats
made by some radical groups
against national and interna-

and will be implemented by
partial humanitarian assistance
ECHO

said.
“There are clear opportuni-

and protection.
“But a more lasting solu-

opments through the reform

U Aung/Xinhua

camps in Kachin state.
Sorensen said Myanmar has

Claus Sorensen, director-General of the Humanitarian Aid and Civil Protection department of
the European Commission (ECHO), speaks to media at a press conference in Yangon.

ciliation and the peace process

between the communities to

ine and Kachin states to assess
the humanitarian situation in
the camps and communities.

remain extremely concerned
about the protection of thou-

he added

anmar to make an assessment
of the humanitarian situation

rnfjzpfNyD; United Nations World
Food Program (WFP) rS taumif
WFP

od&onf/
y#dyu©rsm;aMumifh 'kuonfb0 a&muf
©

humanitarian aid to the most
million in humanitarian aid.

MuaMumif; od&onf/

Highway Holdings to Utilise
Myanmar Operations for Manufacturing
Yasumasa Hisada

H

ong
Kong-based
Highway Holdings Ltd
announced last week it

assembly manufacturing of one
series of electric synchronous
motors at the company’s subcontracting facility in Myanmar.
The company said assembly

– from parts and components

“We

appreciate

our

cus-

products. Its manufacturing faChina.
“The assembly of these motors in Myanmar complements
our component manufacturing
operation in China and enables
us to realise meaningful cost-

10-year relationship continues

Nasdaq
Holdings

Highway

Myanmar Summary
Highway
Holdings Ltd

Shenzhen

He added that this is Highcustomer to utilise its capabili-

are being shipped directly to the
customer’s factory in Germany.
ings produces products for orig-

Kohl said he expects the customer’s entire line of synchronous motors will be assembled
in Myanmar by September

expectations that additional
businesses will transition assembly work to the company’s
operation in this country to take

od&onf/

oGm;&rnfjzpfaMumif; Roland Kohl u

11

December 5-11, 2013

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FEATURE

12

www.mmbiztoday.com

December 5-11, 2013

As Myanmar Modernises, Old Trades Are
Outpaced By New Competitors
green fungus across the street

a good example. He spent 12
years as a political prisoner for

Buddhist
Yangon.

central

was released during an amnesty
in 2011. When he emerged from

he said. “It’s hard to make ends

owned a mobile phone or used a

A few blocks away is another
trade that seems bound for
obsolescence: the “ice water

“Many mechanics don’t know

shrine

in

thirst of customers with a block
of ice that drips through a sock
into a pitcher of water. Two
wrinkled women compete for
business by clanging metal cups

The New York Times
Myanmar Summary

&mpkESpf0ufeD;yg; urÇmhEdkifiHrsm;ESifh

-

Jason Szep/Reuters

the country.
huge cemetery a few years ago
giant shopping mall.
Thomas Fuller

F

or years they poured out
their hearts on the broken

no choice but to use what the
Burmese call roadside phone
shops.

to computers and email. The
mimeograph machines and a
whole neighbourhood of men

To tourists who hail from
-

are under construction across
the city. Air-conditioned supermarkets carry delicacies like

be charming.

stamps are being replaced by

States.

photocopiers.

out and stalks of sugar cane are

disappear in the name of progress. But the pace of change in

knickknacks. On one stretch of

rents out her two phone lines

of newly imported cars. After
decades when buying a car was
beyond the reach of all but the

introduced a form of democpoison and a large pile of
women; the angry spouses;
the duplicitous boyfriends who
gush sweet nothings to one
the same sweet nothings to
another.

decades.
“The typewriting

controls.
business

who was at an outdoor shop in
clack of manual typewriters

on a plastic stool impatiently
nails as her customers chatted
away.
ally no more than a tiny table
on the sidewalk and a few pushin Myanmar when the former
obtaining a cellphone at thousands of dollars.
But as this country opens to
business is losing customers
appearing from a rapidly modernising country. Who needs a
roadside phone shop when you
can now buy a cheap cellphone
and call from anywhere you
want?
The list of soon-to-be obsolete
professions is growing: The
typewriter clerks who sit out-

crowded and colorful. But the
charm is lost on some here. It

regular customers. But someday computers will replace all

ber stamps on a Yangon street
corner for the past decade.
“No one would choose to work

Myanmar today feels caught
between centuries. A clerk
next to Nwe Sanda paused

who tries to support his wife
and children on an income
of about $200 a month. “We

her smartphone and browsed
Facebook.
Shiny new cars pass her

gon’s population now spends
lots of time shielded from the
The new cars replaced what
populated Myanmar’s streets
before the country opened up:

It took him almost a year
to master the art of hand-

cars held together by the ingenuity of mechanics who welded
needles and thread to repair
torn engine hoses.
But those resourceful mechanics can barely contain their
which microprocessors control

companies used for decades to
ish colonial building that is so
dilapidated that large plants
grow out of cracks in the facade.

onf/
Thu said. He works with his

“The typewriting business is bad.
We still have our regular customers.

trains old mechanics in the
ways of modern autos. Four
two years. Myanmar’s mechan-

But someday computers will replace
all of this.”

diagnostics.
Contd. P 13...

13

REGIONAL BIZ

www.mmbiztoday.com

December 5-11, 2013

Singapore Woos MNCs to Build Up
3D Printing Sector
Commercial applications in aerospace, medical technology sectors can take off in S’pore
Teh Shi Ning

T

3D printing

tional companies to pick Singa-

zGJUtpnf; (EDB) rS tjynfjynfqdkif&m

manufacturing applications for
their businesses.
“We’re not ready to announce

3Dprinting

nounce some good progress

EDB
Yeoh Keat Chuan
Times

managing director Yeoh Keat

u Business

Business Times.

Thomas Peter/Reuters

sonal 3D printers for hobbyists
and the 3D printing of iPhone

large-scale commercial applica-

EDB

that were recorded with 3D scanning technology by Gismo at the Raumfahrtagentur hacker space in Berlin.

one location where commercial

use by dentists by home-grown
engineering sectors. The $15
million 3D printing technologies fund will be split among

tember that it would build a $30

and are strong clusters in Singapore: aerospace and medical

-

A*Star said that the global

the aerospace companies are

Institute of Manufacturing
Technology (SIMTech).

could grow to an estimated

-

together layers and layers of
-

increasing number of them

cal and aerospace applications.
Business Times

such as aerospace and medical
technology. “If any country is

aMumif; od&onf/
3D

tm;aqmif & G u f E d k i f onf h ae&maumif;

3D printing is also known as

digital models.

-

research. Prime Minister Lee
Hsien Loong also spoke during

(A*Star)
it eliminates the need to cut or
-

announced

a

Myanmar Summary

new

manufacturing technologies for

Siam Commercial Bank Aims for 2014
Loan Growth Of 9-10pc
Manunphattr
Dhanananphorn

S

to sell at least $500 million to

SCB

onf/

iam Commercial Bank Pcl

said last week it is aiming for
loan growth of 9-10 percent in
10-12 percent this year.
SCB expects loan growth
based on assumption that the
country’s economy will grow of
Chalitaporn told reporters.

Reuters
Myanmar Summary

rnfjzpfaMumif; SCB
Kannikar Chalitaporn

Siam Commercial Bank Pcl (SCB)

pepfr sm;rSm um;a[mif;rsm;ESifh rsm;pGm

3D printing
manufacturing
3D printing

tm;
additive
[k odMuonf/

14

REGIONAL BIZ

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December 5-11, 2013

Asian Airlines to Give Flight Plans to China
After Airspace Zone Created
Airlines forced to acknowledge China’s authority over new zone; Zone covers area about two-thirds the size of the UK; Beijing in war of words
with Tokyo, Washington
Airways Ltd also said Qantas air

Ben Blanchard and
Tim Kelly

A

said

airlines

to be rich in oil and gas. The
would

to exercise restraint.
While
Washington
does
not take a position on the

-

the new rules when operating in
Brunei and Taiwan also claim
making it one of the region’s
Reuters

Seoul said South Korean planes
the area.
Asia and Western diplomats

and is therefore bound by treaty
-

acknowledge China’s authority
-

Myanmar Summary
other countries that may be

China published coordinates

islands at the centre of a bitter

odkY today;oGm;&zG,&SaMumif; od&onf/
f d

was aimed at chipping away at
the tiny uninhabited islands
and the Diaoyu in China.
While China said the new

properly.

Now they are stepping up their

Kyodo/Reuters

think-tank the PHP Institute.
“China has already been sending its ships (there). It is clear
China is trying to undermine

said.

A group of disputed islands, Uotsuri island (top), Minamikojima (bottom) and Kitakojima, known as Senkaku in Japan and Diaoyu in China is
seen in the East China Sea. Japan and its ally the United States sharply criticised China's move to impose new rules on airspace over islands at
the heart of a territorial dispute with Tokyo, warning of an escalation into the "unexpected" if Beijing enforces the rules.

warning of an escalation into
-

China’s Defence Ministry said
on Monday last week it had

wary of any acknowledgement
said Taiwanese carriers would
“No one wants to be in a position where by following Chinese

“China has already been sending
its ships (there). It is clear China
is trying to undermine Japan’s

gion to non-mainland Chinese
destinations would likely need
to inform China of their plans.

administrative control. Now
they are stepping up their effort
in the sky as well.”

one Asian diplomat said. “And
there is a fear that is precisely
the game that is being played
– it seems no accident that the
disputed Senkaku islands are

Korean Air said China’s procChinese authorities but the
routes its pilots took would not

aircraft seen to be approaching

A spokeswoman for Qantas

China also claims the South

15

REGIONAL BIZ

www.mmbiztoday.com

December 5-11, 2013

China Local Govt Debt
at Manageable Levels,
Though Some Risks
Xiaoyi Shao

C

Samsung’s Marketing Splurge Doesn’t
Always Bring Bang-For-Buck
top-20 companies by sales – 5.4

accumulation of risks in some
tors 3.5 percent.
“When your brand doesn’t

debt is at a controllable

increasing in some areas and

spending is probably the best
ment debt and insists systemic

Daily.

head of brand consultant Interbrand’s Korean operation. “But
maintaining marketing spend

ment debt reached 10.7 trillion
yuan ($1.76 trillion) by the end
of 2010.
Reuters

wouldn’t bring much more benReuters

in comments published last
China’s public sector accounts
for about 50 percent of the

Myanmar Summary

A model displays a Samsung Galaxy smartphone.

Miyoung Kim

S

show. “Is this a singing competition or an extended Samsung

Samsung said it will “continue

expected to spend around
$14 billion – more than

into the building of public inResearch
Science
“We still need to wait for this

Institute

of

Fiscal
Jia Kang

money.
The outlay buys the South
Korean technology giant puband nail polish while the men

total debt ratio of the public sec-

He was referring to internationally accepted ways of meas-

dio City Music Hall. Google Inc
spent less on buying Motorola’s
handset business.

debt as a percentage of GDP

no secret of keeping up its ag-

age of GDP.

tion splurge as it seeks to make
its brand as aspirational as
Apple Inc’s. But the money it’s
spending doesn’t always bring
the desired result.

Samsung

the company’s new fridge and
washing machine launch in
South Africa drew similar complaints as it featured swim-suit
dancers.
“Samsung’s marketing is too

brand to become one of the
world’s leading aspirational

the

world’s

most

an image they aspire to: beketing campaigns stress that
associate professor at the business school of Seoul National
between the aspiration and how
consumers actually respond
to the campaign. It’s got to be

published.
could not lower its guard on
potential risks arising from

while focusing on optimising
New York launch of its latest top-of-the-range Galaxy

For a company long seen as a
blatant product placement in a

Samsung spends a bigger

a product placement deal with

than any other of the world’s

16

REGIONAL BIZ

www.mmbiztoday.com

December 5-11, 2013

Maid in Singapore: Will Cambodian Domestic
Workers be Better Protected?
Kevin Ponniah

T

hol Srey Mach is one of
400 women taking part
in a pilot scheme that is
sending Cambodian domestic
workers to Singapore.

agency fees. If the worker rewill still be tied to the loan.

well it could open the way for a
new source of labour to sate the

based Association of Licensed
gapore (Alras) stopped sending
domestic workers to Singapore
in protest against salary deduc-

household help.

are illegal under Filipino law.

plastic babies and brushing up

law has set a two-month cap on
fees that local agencies can deduct from a worker’s salary. But
-

recruitment centre.

continued to deduct salaries for

foreign domestic workers on

seas for many of these women
would be working in a garment
$75 per month.

salary will ultimately depend

Vivek Prakash/Reuters

about $360 a month in Singa-

which represents 110 Filipino
agencies. “It is high time we
think about the welfare of the
said.
Singapore’s ministry of manpower told the Guardian it had
Susan, a 36-year-old maid from the Philippines, works at her employer's house in Singapore. About half of Singapore's 170,000 foreign maids
do not have a rest day according to the Unitied Nations Development Fund for Women (UNIFEM).

guaranteed minimum wage.

Workers from poorer countries
such as Burma are marketed

domestic workers to Malaysia
ings and sexual exploitation
emerged. Two Cambodian
agencies participating in the
Singapore scheme were allegedly implicated in some of those
cases.
will be better protected in Singapore. But rights groups point
to large placement fees and a
lack of guaranteed rest days as
potential welfare issues.
Although
Singapore
has

Myanmar Summary

they talk about workers in these
to enforce the laws of another
They won’t complain and will
do what they are told … There is
which regulates working condiworkers.
Although workers’ welfare has
from Transient Workers Count
pretty normal for Singapore
employers to expect to pay for

Filipino workers’ share of the
market had plummeted from
90 percent two decades ago to
20-30 percent today because
they will turn to those countries
that still allow their maids to

allowed to pay workers extra in
lieu of a rest day if they agree.

transferred to the worker – and

Mach says she won’t take a day

The Philippines is the only

said.
the landmark International La-

work more so we can get more
Cambodian workers’ rights
Singaporeans to pay the placeSingaporeans

complain

that

among other rights protections
– bans salary deductions to pay
placement fees.
Manila’s tough stance has
pushed up demand for domestic
ployers knowing it will be harder
to get Filipino workers to forfeit
know the Filipinos will stand

The Cambodian women will

onf/
The Guardian

od&onf/

“The Cambodian government has
said it believes its workers will be
better protected in Singapore. But
rights groups point to large placement fees and a lack of guaranteed
rest days as potential welfare
issues.”
rsm;rS ay;&onf/

17

REGIONAL BIZ

www.mmbiztoday.com

December 5-11, 2013

Changed Weekend Irks Business Community in Johor
Oliver Slow

T

he decision to change
weekends to Fridays and
Saturdays in the southern

been met with a mixed reaction in the region’s business
community.

ernment departments would
work on Sundays instead of Friday in order to allow Muslims to

Johor
Bar

prayers and also to encourage families to include their
children in the Friday prayer

Loh Liam
Hiang

the choice of either following
more traditional
Sunday weekend.

Saturday-

if they chose to stick with the
Saturday-Sunday weekend.

Sam Gao

ber of Commerce and Industry
president Loh Liam Hiang
said export-oriented and trade
The city of Johor Bahru, capital of Johor, Malaysia.

Tour Guides Council President
problem.
“This is a waste of three days.

rest was a decision made by
people who wanted to empha-

Former Malaysia Prime Min-

Saturday and Sunday as the
who ruled the country from
lish a standard weekend for the

four days per week to go to
Another

ated a Friday-Saturday week-

He wrote about his attempts
in his memoirs A Doctor in the

other states in the country operate a Friday-Saturday weekend.
Myanmar Summary

Singapore-based

handphone dealer who operates
told New Straits Times.
and trading companies may

New Straits Times

that might need to force some
of his workers in Singapore to

2011.
“I prefer a Sunday weekend
because working while nobody

Johor

order to liaise with branches in
impact from the change in rest
costs.
would be.
in neighbouring Singapore that

the economy and that in areas
-

of today’s globalised world is
He added that a Sunday weekend is generally practised due
to the religious connotations

Singapore
(SBF)
Johor

jynfe,f

Business Federation
Ho Meng Kit
Johor

nesses operate almost 24 hours
“Choosing Friday as a day of
week. The change in rest days is
not much of a downside. More
destination.
-

Johor

“The move will make conducting busi-

Malaysia Chamber of ComSri Shahrir Samad.
four working days. If you are
going to transfer goods and ser-

are from Singapore and other
ends. With the state’s weekly

One Singaporean businessoperates a real estate business
in Singapore with businesses in

need not crowd into our theme
parks and shopping malls with

you have a Singapore company with
a Johor subsidiary, there will only be
four working days. If you are going to
transfer goods and services between the
headquarters and the subsidiary, you
could only do it on four days.”

Johor
Frederick Chong

od&onf/

18

INTERNATIONAL BIZ

www.mmbiztoday.com

December 5-11, 2013

Bitcoin Price Zooms Through $1,000 as
Enthusiasm Grows
Wanfeng Zhou

T

he price of the
digital currency bit-

US Jobs Picture
Improving,
Manufacturing May Be
Slowing
Lucia Mutikani

T

he

extending a 400 percent
surge in less than a month
that some see as a growing bubble in an asset that
is still a mystery to many.
Bitcoin hit a high of

day.
At the beginning of the

but continued weakness
in business spending on
capital goods suggested
slower economic growth

have been around since 2008, and have become a form of electronic money that can be exchanged without using
traditional banking or money transfer systems. Bitcoins, touted by some experts as the future of money, gained in

community saying that
bitcoin is used for good
things and there’s a lot of
members

ing to its limited supply
and increasing demand.
“A narrow asset class

of

Myanmar Summary

spokeswoman for the
Bitcoin Foundation in
Washington.

is a lack of regulatory

ment spending.
A
separate
report
from
the
Commerce
Department showed nondefense capital goods orclosely watched proxy for
dropped 1.2 percent last
month.
It was the second
monthly decrease in these
so-called core capital
goods. The data surprised
Wall Street economists

Mt Gox

perhaps

bitcoins

most

notably

struck fear among others
and confused the heck out
Thomas Carper told the
Senate Homeland Security Committee earlier
this month.
authorities
an online

shut down
marketplace

was used for purchasing
drugs and hiring hit men.

More than 200 bitcoin
businesses and other
merchants participated
in a bitcoin Black Friday

say the Senate hearing

ling the gains.

mists’ expectations for a

There is also a good
chance that the October

Bitcoin

which was used instead
of cash or credit cards to
complete transactions on
concern that it is notable
for its use in criminal

October.
But while the labour

onf/

laundering.

ment community but has
yet to become an accepted
form of payment on the

bor Department said on
Wednesday last week.
The second straight week

and raised hopes for
strong payroll growth in

Congress

rency strategist at Societe
Generale in New York.
Bitcoin trades 24 hours a

the currency. It has been
gaining acceptance by the

consumer
sentiment
increased to 75.1 for

bitcoin

Bitcoin

$12.9 billion at recent
prices.
Bitcoin is not backed
by physical assets and is
not run by any person or

market tone has helped
to boost consumer sentiment. The Thomson

businesses appear to be
bitcoin

many users for its ano-

recently stood at 12 mil-

might start to wind down
its economic stimulus
sooner rather than later.

Initial claims for state

nent digital currency that

traded at around $215.
The spike in its price has

of

new claims for
unemployment aid un-

Jim Urquhart/Reuters

best-known operator of
a bitcoin digital market-

number

fanning speculation that

from airplane tickets to
Christmas trees to organic
beer.

od&onf/

Contd. P 19...

19

INTERNATIONAL BIZ

www.mmbiztoday.com

December 5-11, 2013

WTO Talks Fail to Agree
on Global Trade Deal Text
Tom Miles

M

arathon
talks
on
the
World
Trade

to agree on a text to put to
ministers who meet in Bali in
December.
The fate of the agreement to
streamline customs procedures
and speed up global trade could
now hang on whether the min-

lomats from the 159 member
countries through a punishing
10 weeks of talks to try to
agree a text for the ministers to
rubber-stamp.

od&onf/
October.
“The picture of manufacturis not being captured in the

aMumifh US Federal Reserve tae
nomics in New York.
suggested some ebbing in the

agreement.

onf/

onf/

and hinted that a 16-day partial

dence.

Reuters

meeting by simply thanking
Myanmar Summary

early next month at the WTO’s
biennial conference in Bali.
The International Chamber
of Commerce says the deal
would add $960 billion to the
world economy and create

in the WTO as a forum for trade
negotiations.
The proposed accord includes
elements of the Doha round
2001 but repeatedly failed to

-

pD;yGm;a&;ynm&Sifr sm;taejzifh tpdk;&
gress at times had been glacial.
“We spent nine hours on one
paragraph this morning. Once
-

onf/

Indian crop stockpiling plan
that is exempt from WTO subsidy rules and a challenge to the

Lagarde

Turkey also has concerns about

-

is Central American resistance
to demands to stop using customs brokers to handle trade.
Reuters

Kyaw Maung. She is also sched-

leaders and policy makers as

opposition leader Aung San Suu
Kyi.
Myanmar by participating in
the Myanmar Women’s Forum
to highlight the role of women
in the economy and will also
speak to students at the Yangon

Deputy Prime Minister and Fi-

Myanmar Women’s Forum

Kim Choongsoo. She will also
address students at a town
hall meeting at Seoul National

said.

participate in the inauguration

engagement with Myanmar
recently following a raft of
reforms undertaken by the cur-

Green Climate Fund and attend
a signing ceremony with Deputy
Prime Minister and Finance
Minister Hyun on Korea’s contribution to the IMF’s capacity
building program.

aMumif; tjynfjynfqi&m aiGaMu;&efykH
kd f

-

jynfqdkif&m aiGaMu;&efyHkaiGtzGJUonf

&maiGaMu;&efyHkaiGtzGJUrS managed
pepftm; jrefrmEdiirS
k f H

Files

-

jynfqdkif&m aiGaMu;&efyHkaiGtzGJUrS ajym

Lagarde
World Trade Organization (WTO) Director General Roberto Azevedo informs the media about
the next ministerial meeting on Bali during a press conference, after the General Council at the
headquarters of the World Trade Organization in Geneva, Switzerland.

ing technical assistance to the
Central Bank of Myanmar to

Myanmar Summary

aMumif; od&onf/
Lagarde

Myanmar’s economy would
expand 6.75 percent in 2013-14

uarÇm'D;,m;ESifh jrefrmEdkifiH oHk;EdkifiHodkY

onf/
tjynf j ynf q d k i f &muk e f o nf B uD ; rsm;

Lagarde

Lagarde

onf uarÇm'D;,m;EdkifiHrS

she is expected to meet King
Park Geun-hye

Lagarde

taejzifh oGm;

20

INVESTMENT & FINANCE

www.mmbiztoday.com

December 5-11, 2013

Educating Yourself Financially
David Mayes

I

am often asked by clients
what sort of things they
can read to increase their

George Clason
The Richest Man in Babylon pmtkyf
ESifh Napoleon Hill
Think and
Grow Rich

large bookstore you are prob-

toH;k 0ifaeao;onfukd odjrifEionf/
kd f

the number of books written by

in general I think it is wise to

enf;ynmydkif;qdkif&m ta&;tom;rsm;

dren would be to read a book
randbsolutions.com

by Napoleon Hill. The second is
cautiously is how most fortunes
are made. In today’s world
is a set of principles to follow

rsm;udk ay;pGrf;Edkifaom pmtkyfrsm;onf

Myanmar Summary

keep in mind this is either a
full time profession where the
youngest and sharpest minds of

ancient Babylon. Long before
losses.
Babylon produced an extremely
basis on which they grew and
compounded their wealth is still

more technical bits and pieces
thing of utmost importance is
ence between speculating and

retire rich. If you are interested

his approach as closely as you
can. Otherwise simply dollar
by placing a small amount of

fund which mirrors the return
20+ years you will surely come
out far ahead of the crowd.

portion of that book section I
-

remember speculation is only

reading is as important as
knowing what to read. Books
on options trading strategies
are great if you want to be a full
time speculator and are explor-

educating yourself stick to the
classics. Choose a boring but
tried and tested strategy that

can take a small portion of your
wealth and try your hand at
David Mayes MBA provides
wealth
management
services to expatriates throughout
Southeast Asia, focusing on
UK Pension Transfers. He
can be reached at david.m@
faramond.com. Faramond UK
is regulated by the FCA and
provides advice on pensions
and taxation. Views expressed
here are his own.

David

Mu&onf/

Mayes

David
Mayes

Edkifonf/

Kyaw Min
apanese photography and
Corp has established a
-

market needs of the local area
and expand sales channels.
It will increase sales of medical products such as diagnostic
-

company expects growth.
Business operations will comsaid.
focused on the sales of imaging

While aiming for further enhancement of its business foundation in Southeast Asia where

ing attention as a market where
continuous economic growth is

jzpfaMumif;
onf/

company said.
th

local subsidiary in

of industries in each country.
Also known as the “last fronproximately twice the land area

since the 1970s.
of a local subsidiary will enhance
sales and technical support to

been progressing. Due to increased labour population and

The paid-in capital for the
subsidiary is ¥20 million

Myanmar Summary

onfh

onf jrefrm

of approximately 60 million
people. Since the establishment

rnfjzpfaMumif;
jzpfNyD;

rS ajymMum;

21


www.mmbiztoday.com

December 5-11, 2013

Myanmar Moves to Bring Finances Out of The Shadows
tered receipts of K2.54 trillion
expenditures of 2.26 trillion
28 percent of total budgeted
spending.
Winning over the voters
target problem areas at a rapid
fast-paced
process.

broader

reform

together with the publication

jzpfonfh Heritage Foundation rS


being negotiated more openly.
Accountability is also a key
in light of the elections that the
country is set to hold in 2015.

Employees work at the Myanmar central bank's headquarters in Nay Pyi Taw. As Myanmar opens up after almost 50 years of army rule, and
foreign investors descend on the resource-rich country of 60 million, its long-isolated institutions are struggling to keep up, raising the risk of
a policy misstep that could wreck stability in this nascent democracy.

W

ith wide-ranging re-

the broad range of groups
calling for transparency to be

aMumif; od&onf/

-

the transparency of

businesses into the mainstream
economy.
The state’s budget remained

largely
-

position.
Aware of the challenges that

educated guess. Local business

the institution put an emphasis
on making expenditures more
accountable and allocating re-

business

dealings

shadow economy at between 30
tration with huge potential for

under its belt after deciding to
open up the country to watchwidely expected to be a gradual
one.
With information and histori-

up enforcement.
are generally in line with the

The decision to open up Myanmar’s markets to the outside

approach will yield the best results. When local parties begin

ing that as Myanmar’s comto track. According to the World

for both nationals and global
-

businesses will be encouraged
to come out of the shadows
and participate in the country’s

actual and budgeted expenditures has increased in recent

-

-

could change.

to 20.2 percent in 2010-11.
The World Bank also pointed
-

tion of resources.

tional trade.

Major task ahead
a gargantuan task in putting its
will be looking to draw more
boost tax collection.

Tracking spending
A recent World Bank study

OBG

Myanmar Summary

aqmif&Guf&ef tm;ay;oGm;rnfjzpfNyD;

a lack of arrears monitoring.
Other concerns included exten-

management highlighted many
-

-

“Local business representatives put MyNy;D aqmif&uom;&rnfjzpfaMumif; od&
G f G
onf/

anmar’s shadow economy at between 30

think tank the Heritage Founlowest tax-to-GDP ratios in the

providing the administration with huge

onf/ jrefrmEdiiom;rsm;omruurÇmrS
k f H

potential for boosting tax revenues.”
of taxation is complicated by the
fact that Myanmar’s GDP is also

oGm;rnf[k od&onf/

22


www.mmbiztoday.com

December 5-11, 2013

Power Shortages Hold Myanmar Back
Eric Jiang

T

he recent protests in
Yangon against a hike in

shed some light on Myanmar’s
serious power crisis.
In the past three years Myanmar has witnessed the suspen-

resources are undoubtedly
nature’s gift and Myanmar’s
best choice for clean power
generation.

recent proposal for a price hike
was strongly opposed by the
public.
power sources. The production
cost of hydropower is only 25
to 50 percent of other types
Liu Rui/GT

of their water resources. The
demonstrations against blackouts in big cities like Yangon
against the rate rise.

in Myanmar it is less than 3
percent. That’s partly why
Myanmar faces this awkward
situation.
Catering to the public’s de-

water resources is undoubtedly
a long-term choice. “It will be
unrealistic if there are no more
wind or solar-power in Myan-

also pointed out that the ecoresponsible remarks about the
are common in the local media

estation for farmland reclamamining.

on September 3.
anmar urgently needs to tackle
these problems.

Myanmar’s rate is K35 ($0.036)
for household subscribers per

30 percent of the population.
The lack of power for both
industrial and household use

percent of electricity in Myan-

There are two main reasons
for this power shortage. The

deteriorated in the past decades

K185 billion per annum according to local media reports. The
electricity generated from other

assessment from comprehenhydropower plants will be op-

much more.
to subsidise 10 billion kilowatt
the customers in border areas
couldn’t be reached because of

Generally it takes 20 to 30

the public and the nation.
Some analysts hold that conconcerning the Myitsone dam
They say that the essence of
the problem is that politics

consumption increases sharply
estimated to grow at 15 percent

for the personal gains of some
politicians.

transmission networks based
continue these subsidies and it
regions.

opportunities to help locals to
abandon their outdated and
dropower construction is not

more power for the system
in the dry season as well as

power grid is outdated.

the demand of electricity for

stagnation since the suspension

The public desire to escape
darkness cannot be ignored
during Myanmar’s democratic
transition. It’s time for Myanmar to face up to its power
shortages.
The author is an employee
of a Nay Pyi Taw-based company. Views expressed here are
his own.

Myanmar Summary

U Aung/Xinhua

ae&onf/

atmufom&Saeao;onf/
d

23


www.mmbiztoday.com

December 5-11, 2013

Aye Myat

S

ingapore Post Ltd (SingPost) last week announced
that it has launched a new
remittance corridor to Myan-

Cooperative
Bank (CB Bank)
and growing our network of institutional partners to enhance
The Myanmar community in
Singapore is estimated to be

added.
The money will be remitted in
transfers from Singapore to
exchange rate determined at the
partnerships with four banks
in Myanmar – Asia Green De-

and Tun Foundation Bank
(TFB).
“Our partnerships with AGD

of AGD Bank and CB Bank at

SingPost said. A transfer fee of
S$8 applies for each remittance
transaction.
Funds remitted before 12
noon (Singapore time) on a

0.15 percent of the remittance
amount.
Myanmar senders can also
remit salaries back home for

Myanmar Summary
SingPost
Singapore Post Ltd (Sing Post)
Marjorie Ooi

interest rate of 8 percent per
for cash collection or credited
To access SingPost’s remitaccount on the same day after

direct

bilateral

relationships

tion on the next business day.

SingPost
CASHOME

EdkifiHodkY
bank branches across Myanmar

account number and remittance
amount.

ukefusoGm;rnfjzpfaMumif; od&onf/

Philips Sets Up Lighting Operations with Local Partners
Aims delivering energy efficient and sustainable lighting solutions in Myanmar
Htet Aung
billion and employs approxi-

D

utch multinational engineering and electronics
conglomerate
Philips
announced last week that it has
set up its lighting operations in
Myanmar.
Philips appointed three local distributors to meet the

100 countries.
Myanmar Summary

BuD;jzpfonfh Philips
lighting

organisations looking to install

od&onf/

company said.

Philips

– Pahtama Group will supply
Philips Lighting products to
Philips representatives launch the company's lighting programme in Yangon.

ergy supply and this is likely

Philips said its consumer

lighting

udk

Philips

Philips said its re-entry into
healthcare
help the city’s growing urban
population continue the ecoof Yangon by bringing sustainPhilips said.
current energy infrastructure
will come under increasing

Yangon currently consumes
45 percent of Myanmar’s en-

and

consumer

solutions as they can help
meaningfully bring electricity demand and supply into
Mieke

said

by

switching

Myanmar’s long-term business
opportunity.

key cities across the country.
with the Yangon Heritage Trust

working with stakeholders to
build Myanmar’s health infrastructure. It has introduced the

Lighting
JJ-Pun

ESifh Power Light

cultural heritage of Yangon
through the use of its sustain-

technologies such as Lightan estimated $ 9.7 million in
reduced electricity costs and 45
kilotonnes of CO2 annually.

rnfjzpfNyD; Pahtama Group rS Philips

and has started a year-long
program of clinical education in
association with the Myanmar

to highlight key cultural heritage sites throughout Yangon.

24

www.mmbiztoday.com

December 5-11, 2013

INTERNATIONAL AND DOMESTIC FLIGHT SCHEDULE

Flights from Yangon (RGN) to Bangkok (BKK)
g s o
g
N

Flights from Bangkok (BKK) to Yangon (RGN)
g s o
g
K
a

Flight No.

Days
y

From

To

ETD

ETA

Operated by:

Flight No.

Days
y

From

To

ETD

ETA

PG 706

1 2 3 4 5 6 7

RGN

BKK

7:15

9:30

Bangkok Airways

8M336

1 2 3 4 5 6 7

BKK

RGN

6:40

7:25

Operated by:
MAI

FD2752

1 2 3 4 5 6 7

RGN

DMK

8:30

10:20

Thai AirAsia

FD2751

1 2 3 4 5 6 7

DMK

RGN

7:15

8:00

Thai AirAsia

8M335

1 2 3 4 5 6 7

RGN

BKK

8:40

10:25

MAI

TG303

1 2 3 4 5 6 7

BKK

RGN

8:00

8:45

Thai Airways

TG304

1 2 3 4 5 6 7

RGN

BKK

9:50

11:45

Thai Airways

PG701

1 2 3 4 5 6 7

BKK

RGN

9:05

9:55

Bangkok Airways

PG702

1 2 3 4 5 6 7

RGN

BKK

10:45

12:40

Bangkok Airways

FD2755

1 2 3 4 5 6 7

DMK

RGN

11:35

12:20

Thai AirAsia

FD2756

1 2 3 4 5 6 7

RGN

DMK

12:50

14:40

Thai AirAsia

TG301

1 2 3 4 5 6 7

BKK

RGN

13:00

13:45

Thai Airways

TG302

1 2 3 4 5 6 7

RGN

BKK

14:45

16:40

Thai Airways

FD2753

1 2 3 4 5 6 7

DMK

RGN

16:20

17:05

Thai AirAsia

8M331

1 2 3 4 5 6 7

RGN

BKK

16:30

18:15

MAI

PG703

1 2 3 4 5 6 7

BKK

RGN

17:05

17:55

Bangkok Airways
Thai Airways

FD2754

1 2 3 4 5 6 7

RGN

DMK

17:35

19:25

Thai AirAsia

TG305

1 2 3 4 5 6 7

BKK

RGN

17:55

18:40

PG704

1 2 3 4 5 6 7

RGN

BKK

18:45

20:40

Bangkok Airways

8M332

1 2 3 4 5 6 7

BKK

RGN

19:20

20:05

MAI

TG306

1 2 3 4 5 6 7

RGN

BKK

19:40

21:35

Thai Airways

PG705

1 2 3 4 5 6 7

BKK

RGN

20:15

21:30

Bangkok Airways

Flights from Yangon (RGN) to Chiang Mai (CNX)
g s o
o
)
a
i
W9-9607

4

7

RGN

CNX

14:50

16:20

Flights from Chiang Mai (CNX) to Yangon (RGN)
g s o
g
C
Air Bagan

W9-9608

4

Flights from Yangon (RGN) to Singapore (SIN)
lg s o
g
N
n
MI509

1

RGN

SIN

0:25

5:00

SilkAir

SQ998

8M231

1 2 3 4 5 6 7

RGN

SIN

8:30

13:00

MAI

8M6231/3K585

SQ997

1 2 3 4 5 6 7

RGN

SIN

10:25

14:45

Singapore Airline

8M232

1

RGN

SIN

11:30

16:05

Jetstar Asia

MI518

8M6232/3K586

6

3 4 5 6

7

CNX

RGN

17:20

17:50

Air Bagan

Flights from Singapore (SIN) to Yangon (RGN)
lg s o
a
1 2 3 4 5 6 7

SIN

RGN

7:55

9:20

Singapore Airline

1

SIN

RGN

9:10

10:40

Jetstar Asia

1 2 3 4 5 6 7

SIN

RGN

14:10

15:40

MAI

1 2 3 4 5 6 7

SIN

RGN

14:20

15:45

SilkAir

3 4 5 6

8M233

5 6 7

RGN

SIN

13:45

18:15

MAI

8M234

5 6 7

SIN

RGN

19:15

20:45

MAI

MI517

1 2 3 4 5 6 7

RGN

SIN

16:40

21:15

SilkAir

MI520

5

SIN

RGN

22:10

23:35

SilkAir

Flights from Yangon (RGN) to Kuala Lumpur (KUL)
i t r m
n
a
u

7

Flights from Kuala Lumpur (KUL)to Yangon (RGN)
g t r
o
n

AK859

1 2 3 4 5 6 7

RGN

KUL

8:30

12:50

AirAsia

AK859

1 2 3 4 5 6 7

KUL

RGN

6:55

8:00

AirAsia

8M501

1 2 3 4 5 6 7

RGN

KUL

8:55

12:55

MAI

MH740

1 2 3 4 5 6 7

KUL

RGN

10:05

11:15

Malaysia Airlines

MH741

1 2 3 4 5 6 7

RGN

KUL

12:15

16:30

Malaysia Airlines

8M502

1 2 3 4 5 6 7

KUL

RGN

14:00

15:00

MAI

AK1421

1 2 3 4 5 6 7

RGN

KUL

17:15

21:30

AirAsia

AK1420

1 2 3 4 5 6 7

KUL

RGN

15:40

16:45

AirAsia

VN956

1 2 3 4 5 6 7

Vietnam Airlines

VN957

1 2 3 4 5 6 7

Flights from Yangon (RGN) to Hanoi (HAN)
g t r
n
G
H
RGN

HAN

19:10

Flights from Hanoi (HAN) to Yangon (RGN)
g t r
n
N
n
R

21:30

Flights from Yangon (RGN) to Ho Chi Minh (SGN)
lg s o
h
VN942

2

4

6 7

RGN

SGN

14:25

17:10

Vietnam Airlines

VN943

2

Flights from Yangon (RGN) to Taipei (TPE)
lg s
n
G
T
CI7916

1 2 3 4 5 6

BR288

2

TPE

10:50

16:10

China Airline

CI7915

RGN

TPE

11:35

17:20

EVA Air

BR287

CA906

2 3 4

6 7

RGN

KMG

14:15

17:35

Air China

2

CA905

RGN

KMG

14:40

17:55

China Eastern

MU2031

RGN

KMG

12:20

18:10

China Eastern (via NNG)

MU2011

3

6

2 3 4

6 7

RGN

BJS

14:15

21:55

Days
y

MU2012

3
1 2

4

Air China (via KMG)

To

ETD

ETA

Operated by:

16:25

China Eastern

6:00

8M711

2

CZ3056

KA250

1

5

RGN

CAN

8:40

13:15

MAI

Days
y

CAN

11:20

15:50

China Southern Airline

AI234

CAN

17:40

22:15

China Southern Airline

CZ3055

8M 601

1

13:15

Air China

14:00

China Eastern

KMG

RGN

8:25

11:30

China Eastern (via NNG)

3

AI234

1

NH914

1

To

ETD

ETA

Operated by:

Days
y

1

RGN

CCU

18:45

19:45

Air India

AI227

RGN

CCU

13:40

16:55

Air India (via GAY)

3
2

RGN

GAY

10:30

11:50

MAI

8M 602

5

RGN

GAY

13:40

15:00

Air India

1

3

ALL NIPPON Airways

NH913

22:00

06:40+1

5

RGN

ICN

0:05

8:00

Korean Air

KE471

RGN

ICN

0:50

8:50

Asiana

DOH

8:00

11:45

3

RGN

FRA

5:35

16:40

Qatar Airways

QR618

UB-A1
UB-B1
UB-C1
UB-A1
UB-A1
6T211

6
7
7

1

1

2
1 2 3
1
1 2 3
1 2 3
1 2 3
1 2 3

4
4 5
5
4 5
4
4 5
4 5

6 7
6 7
6 7
6 7
6 7

8:40

10:30

RGN

14:15

15:45

MAI

RGN

14:45

16:35

China Southern Airlines

To

ETD

ETA

10:35

13:20

Air India

CCU

RGN

13:30

18:00

Air India (via GAY)

3

Operated by:

5 6

GAY

RGN

12:50

16:00

MAI

GAY

RGN

15:00

18:00

Air India

1

3

6

1

NRT

23 4 5 6 7
3

6

1 2 3 4 5 6 7

Condor Air (via HKT)

RGN

11:10

17:05

ALL NIPPON Airways

ICN

RGN

18:40

22:55

Korean Air

ICN

RGN

19:30

23:40

Asiana

DOH

RGN

21:05

06:29+1

Qatar Airways

DE2368

2

FRA

12:40

4:25+1

Condor Air

Flights from Nay Pyi Taw (NYT) to Yangon (RGN)
lg s o
y
N
n
Flight No.

RGN
RGN
RGN
RGN
RGN
RGN

NYT
NYT
NYT
NYT
NYT
NYT

7:45
11:30
16:00
8:00
15:30
15:30

8:45
12:30
17:00
9:00
16:30
16:25

FMI UB Charter
FMI UB Charter
FMI UB Charter
FMI UB Charter
FMI UB Charter
Air Mandalay

UB-A2
UB-B2
UB-C2
UB-A2
UB-A2
6T212

1 2 3 4 5
1 2 3 4 5
1 2 3 4 5

YH 910
YH 918
YH 728
YH 732
W9 502
K7 223
YJ 202

1
1
1
1
1
1
1

Yangon Airways
Yangon Airways
Yangon Airways
Yangon Airways
Air Bagan
Air KBZ
Asian Wings

RGN

Days - (1) Monday (2) Tuesday (3) Wednesday (4) Thursday (5) Friday (6) Saturday (7) Sunday
)
s a
e
)
5
)
7
All the flight schedules are subject to be changed without any prior notice by the airlines.
d e
e u
t o
d
y
c
(+1) means next day

Operated by:

8:10
8:30
13:25
17:10
7:25
8:40
12:55

China Southern Airlines

RGN

CAN

RGN

ETA

6:30
6:10
11:15
15:00
6:00
6:30
11:30

Dragon Air

CCU

ETD

MDY
MDY
MDY
MDY
MDY
MDY
MDY

23:35

From

To

RGN
RGN
RGN
RGN
RGN
RGN
RGN

21:20

5

Days
y

From

6
7
7

1

Flights from Yangon (RGN) to Mandalay (MDY)
i t r
o
n
YH 909
YH 917
YH 727
YH 731
W9 501
K7 222
YJ 201

RGN

5

From

1 2 3 4 5
1 2 3 4 5
1 2 3 4 5

HKG

Flights from Frankfurt (FRA) to Yangon (RGN)
lg s o
k
R

Flights from Yangon (RGN) to Nay Pyi Taw (NPT)
g s o
w
Days
y

Operated by:
China Eastern

Flights from Doha (DOH) to Yangon (RGN)
t r
h
R

Days - (1) Monday (2) Tuesday (3) Wednesday (4) Thursday (5) Friday (6) Saturday (7) Sunday
)
s a
e
)
5
)
7
d e
e u
t o
d
y
c
All the flight schedules are subject to be changed without any prior notice by the airlines.
(+1) means next day

Flight No.

ETA
11:30

5

Flights from Yangon (RGN) to Frankfurt (FRA)
lg s o
N
a
DE2369

ETD
10:15

CAN

Days
y
1

OZ4753

RGN

To
RGN

Flights from Seoul (ICN) to Yangon (RGN)
g s
o
)
n
G

7

1 2 3 4 5 6 7

Air China (via KMG)

Flights from Tokyo (NRT) to Yangon (RGN)
i t r
k
T
a
R

7

4

13:15

CAN
7

5

Flights from Yangon (RGN) to Doha (DOH)
lg s
n
G
O
QR619

6

AI233

NRT

8:05

Flights from Gaya (GAY) to Yangon (RGN)
g s
y
n
G

5 6

RGN

RGN

NNG
7

4

1

Flights from Yangon (RGN) to Seoul (ICN)
g s
n
G
C
KE472

5

AI233

6

BJS
From

6

3

Flight No.

3

6 7

3

Flights from Yangon (RGN) to Tokyo (NRT)
g t r
n
G
N

OZ7463

6

2 3 4

Flights from Yangon (RGN) to Gaya (GAY)
g s
n
G
A
3

EVA Air

Flights from Kolkata (CCU) to Yangon (RGN)
h
o
k
U
a
R

From

5

1

China Airline

10:35

12:40

8M712

5

AI228

10:05

7:30

13:30

Flights from Yangon (RGN) to Kolkata (CCU)
h
o
g
o
C
Flight No.

7:15

RGN
RGN

CZ3055

RGN

7
6

RGN

Flights from Guang Zhou (CAN) to Yangon (RGN)
lg s o
C
n

RGN

4
3

TPE
TPE

5 6

Hong Kong (HKG) Flights from Yangon (RGN)
n
a

Dragon Air

Flights from Yangon (RGN) to Guang Zhou (CAN)
lg s o
n
u
CZ3056

Vietnam Airlines

RGN

MU2011

1:00

13:25

KMG

Flight No.

12:20

HKG

11:40

Flights from Nanning (NNG) to Yangon (RGN)
g s o
n
N
a

NNG

RGN

RGN

KMG

CA905

RGN

6

SGN

6 7

Flights from Yangon (RGN) to Hong Kong (HKG)
g s o
o
)
n
KA251

Vietnam Airlines

Flights from Beijing (BJS) to Yangon (RGN)
lg s
j
S
n
R

From
6

6 7

2 3 4

Flights from Yangon (RGN) to Nanning (NNG)
g s o
g
N
a
Flight No.

18:10

1 2 3 4 5 6 7

Flights from Yangon (RGN) to Beijing (BJS)
lg s
n
G
CA906

16:35

Flights from Kunming(KMG) to Yangon (RGN)
lg s o
m
M

1 2 3 4 5 6 7

MU2012

4

1 2 3 4 5 6 7

Flights from Yangon (RGN) to Kunming(KMG)
lg s o
g
N
MU2032

RGN

Flights from Taipei (TPE) to Yangon (RGN)
lg s
E
n

RGN

5 6

HAN

Flights from Ho Chi Minh (SGN) to Yangon (RGN)
lg s o
i
S
n

To

ETD

ETA

Operated by:

NYT
NYT
NYT
NYT
NYT
NYT

RGN
RGN
RGN
RGN
RGN
RGN

9:15
13:00
17:30
10:00
17:00
16:45

10:15
14:00
18:30
11:00
18:00
17:40

FMI UB Charter
FMI UB Charter
FMI UB Charter
FMI UB Charter
FMI UB Charter
Air Mandalay

Flights from Mandalay (MDY) to Yangon (RGN)
i t r
d
D
3
2 3 4
2
2
2
2

3
3
3
3

6 7

5
4 5 6
4
4 5 6 7
4 5 6 7

MDY
MDY
MDY
MDY
MDY
MDY
MDY

RGN
RGN
RGN
RGN
RGN
RGN
RGN

7:40
8:30
9:10
17:10
16:10
9:00
16:00

10:30
10:25
11:05
19:15
18:15
11:05
17:25

Yangon Airways
Yangon Airways
Yangon Airways
Yangon Airways
Air Bagan
Air KBZ
Asian Wings

25

PROPERTY & REAL ESTATE

www.mmbiztoday.com

December 5-11, 2013

Construction Materials
Prices Drop

Real Estate Market Remains
Slow due to Capped Prices
Phyu Thit Lwin

S
according to real estate traders
in the city.
With spiralling land prices naduced a scheme to try and tackle

township in which the property
ship in Yangon being one of the

buying properties fell silent
when the news came that the
-

According to Deputy Finance

Kyaw Min
better control taxes.

has ensured that high land
-

D

emand for construction
materials in Myanmar
has dropped in recent

Ko Than Aung from Aswe Taw
Construction Material. “Businesses will be better again in
of purchases compared with the
high supply has led to a fall in

materials traders say.
which are measured in boxes

been curbed.
added.

concerned with building and
($70).
Cement too has seen a small
drop. “One bag of cement was
Traditionally

in

Myanmar
aged to spend the lent period
from Toe Kyaw Construction
Material shop.
house during the period.
“As this is towards the end
and sandstone is remaining


Myanmar Summary

a&mif;0,fa&;qdkifr sm;rS od&onf/
A labourer works in a construction site in Yangon.

Myanmar Summary

onf/
u ajymonf/

onf/

aMumif; od&onf/

26

PROPERTY & REAL ESTATE

www.mmbiztoday.com

December 5-11, 2013

Income, Property Disparity Interlinked: Economists
stability.
“People say that when a coun-

Oliver Slow

M

yanmar must deal with
the concern regarding

come disparity can be eased. In

property distribution in the
economists in the region.

sor from the Applied Geology
department from the Yangon

increase monumentally in comsurge of interest from foreign

distribution] with the property
distribution here. A handful of
while 99 percent of the people
are extremely poor and many

ernment can ensure economic
growth and a well-distributed

from selling natural gas to

Reuters

He added that part of the issue
in income distribution is impacted by the property situation
in the country.
“Almost all of the land in
the country is in the possession of the extremely wealthy.

to ensure that its economic
policies ensure that this growth

cation and healthcare to further

at the economic forum which
was organised by May Kha
Foundation.
Chairman of the MCC Group

Tin Win Aung said.
“Political parties should speak
about these things. They should
not be waiting in line for the

GDP is likely to grow from $45
billion to $200 billion by 2030.
Myanmar Summary

MCC Group
should also show its commit-

rsm;udk ajz&Si;f oGm;&rnfjzpfaMumif; pD;yGm;

come distribution in the country
According to an economic
report earlier this year from
could in turn lead to political

Star City A5 Apartments Only for Rent
Phyu Thit Lwin

P

roperties in the A5 section
of the Star City Housing

K1.46 billion ($1.48 million) in
Myanmar Summary
FMI
A5

those in the A2 building will
and A4 sections remain under
construction and are expected
to be ready by the end of 2014
and almost all of the apartments
90 percent of apartments in

FMI

t& od&onf/
ttHkudk A1

sold and 60 of B2 and B5 apartments are up for sale. B3 and
B4 apartments were put up for
Phyu Thit Lwin

The Star City Housing de-

A part of the Star City Housing Development project in Thanlyin.

is aimed at further spreading
Yangon’s growing population as
the city expands.

A2

A3

taqmuf

ESifh A4 taqmufttHkrsm;udk

27

IT & TELECOM

www.mmbiztoday.com

December 5-11, 2013

Telenor to Hold Career Seminar to Recruit Myanmar Employees
Htet Aung

T

elenor Myanmar said it

bringing
together
expert
speakers to share insights with
candidates interested to build a

career in the strategic telecommunications industry.
The seminar will be held on
December 5 from 9am to 4pm

-

to submit their resume directly
to the company and learn more
Telenor said in a statement.
Attendance is free-of-charge

in Yangon. Interested appliof their resume with them when
attending this seminar.
Since
Telenor
Myanmar
employee recruitment program

Myanmar Summary
Telenor Myanmar

dates who want to be part of

to be on track in meeting our
short-term
and
long-term

aMumif; od&onf/

Myanmar.

Co-Operative Business Centre
programs for all employees in
up key positions in departments
telecommunications

The company is on track to
hire 160 employees by the end of

The Telenor Myanmar Acad-

through indirect employment
with local business partners

Kyaw Min


industry

professional training programs

resume

ay;ydkYoGm;&rnfjzpfum toufarG;0rf;

Telenor

in Yangon.

Apple Acquires Israel’s
Primesense In A $350m Deal

MRTV to Get Australian
Counterpart’s Help
Aye Myat

T

he Australian Broadcasting Corp (ABC) will
cooperate with state-run

ing in a bid to increase the technical skills of local broadcast
media professionals.
A memorandum of undersigned between the two parties

metropolitan

and

regional

Myanmar’s
Information.

Ministry

Apple Inc
3D
onfh PrimeSense Ltd

Microsoft

Myanmar Summary

onf/
Apple

Prime Sense

tm;

A

company spokeswoman Kristin

pple Inc agreed to buy
Israel-based PrimeSense

that enable three-dimensional

The PrimeSense deal makes it
Apple’s second purchase of an

training courses for the employ-

storage chip maker Anobit in

ESifh MRTV

Calacist

by the Israel-based Calacist
news website.
“Apple buys smaller technology companies from time to

citing a source.
PrimeSense’s sensing technol-

Australian Broadcasting
Corporation (ABC) taejzifh jrefrm
Myanmar Radio and
Television (MRTV)

ABC

Xbox Kinect

A passerby photographs an Apple store logo with his phone in central Sydney.

last year.

technical skills.
Myanmar’s cooperation with
foreign media comes as the former pariah country embarked
on a road to political and eco-

tm; tar

of

through the Australia Network
ABC becomes the second
foreign media to cooperate with
Myanmar in the nascent sector

Reuters

Myanmar Summary

Tim Wimborne/Reuters

state-run daily New Light of
Myanmar said.
The ABC is Australia’s national public broadcaster. With
a total annual budget of A$1.18
-

reported.
market.
Although funded and owned
mains editorially independent
as ensured through the Australian Broadcasting Corporation
Act 1983.

Kinect.
Apple’s interest in PrimeS-

Apple

rS

Kristin
Huguet
Prime Sense

onf Apple
Anobit

-

tm;

ABC
ABC
Voice of America

March 2011.

ABC

(VOA)

IT & TELECOM

28

www.mmbiztoday.com

December 5-11, 2013

EU Hands Over Statistical Software to Myanmar
Eyes improving the availability of reliable trade statistics
Aye Myat

T

strengthening of the Myanmar

ment to the Myanmar’s Central
Statistical Organisation (CSO)
in a bid to help the Southeast
Asian nation generate reliable
trade statistics.

transform into a national
system of harmonised and
consolidated statistical data at

t0ifjzpfaMumif; od&onf/

Kobia said this will produce
software in this regard.

software has been installed in
co-chairs the Sector Working
Group on Statistical Quality

the International Management

and policy makers need reliable
and timely trade statistics that
can assist in the formulation of
trade policy and monitor Myanmar’s economic integration in

organisation operating in Myanmar since 2012.

Eurotrace aqmhz0J
f
jzifh aqmif&GufoGm;rnfjzpfaMumif; od&

Myanmar Summary
Eurotrace

pm&if;tif;ydkif;qdkif&m aqmhzf0JESifh quf

Secretariat.
ware to process the trade data
transmitted by the Customs
Department.
This will enable the CSO to

and dissemination of statistics
in Myanmar.
both the CSO and the Customs
Department of Myanmar to
produce reliable and compara-

been supporting the work of the
gramme aiming to strengthen
the capacity of the Myanmar
reform process.

and international standards.

sharing of technical knowledge

-

institutional
support.
The
programme is implemented by

“The Galaxy brand has estab-

better than anyone that Gear
will not become a mainstream

accurate trade statistics to all its
-

become the world’s biggest
-

onfh Roland Kobia

onf/
Eurotrace

onf Eurostat rS

onf/

brand is now much stronger
than Android or any of the
-

Samsung

aMumif; od&onf/

which they hope will help build
billion is less than half that of
-

independent technology and
media consultant in London.
“The underlying problem is that
Samsung has established itself

Samsung
brand’s Moon.
A deep-pocketed Samsung – it

to Interbrand and ad researcher
Ad Age.

aeNyD; Apple Inc
Samsung

aemufq;kH ay: Galaxy
where it’s not competing di-

chips and household appliance
businesses need more market-

Samsung works with a num-

spend suggests a need to con-

Partners.
Samsung’s latest marketing
splash has been on its Galaxy

spend less as it already has that

Winter and Summer Olympics
launched a fantasy-inspired
soccer marketing campaign
ahead of the mid-2014 World
ing Argentine striker Lionel

Apple’s ad spend.
Defending
its

tion with fashion shows – yet
been shipped since its launch
two months ago. Compare
that to the more than 5 million Note 3 smartphones that

Reuters
Myanmar Summary
Samsung Electronics Co

onf

marketing
Iceland

its lead in the global smartphone
Note buyers are also buying the

od&onf/

three smartphones and has
more than double Apple’s market share. The Korean group’s

resume

ployees with the knowledge and

aMumif; od&onf/
Telenor

Telenor said.
Kaewsringarm said: “We
take pride in knowing that our
employees can share in our passion and dedication to play an
ment of state-of-the-art telecom

onf/
for the crucial year-end holiday
season as it seeks to lead the
wearable computer market and

strengthened its Galaxy mobile
brand.

programs for new and current
The courses run by the
academy will be conducted in

less it needs to be propped up

-

“Probably Samsung knows

that will empower society and

aumif;jzifh aqmif&GufaeaMumif; od&

oGm;zG,&Sonf/
f d

rS

29

AUTOMOBILE

www.mmbiztoday.com

December 5-11, 2013

Suzuki Provides 100 Motorcycles to Myanmar Police
Kyaw Min
apanese automaker Su100

police

motorcycles

last week to help the country’s
police force in maintaining law
and order.
The motorbikes will be used

Ltd in May this year wherein
motorcycles ranging from 110
to 125cc are all imported into
the country and distributed by
its local dealer.
Toshihiro said: “We are
planning to manufacture motorbikes and luxurious cars in

Executive Vice
Toshihiro

President

Mr.

aemufqdk&if jrefrmEdkifiHrm qdkifu,fpD;
S

Suzuki Carry

producing accessories for cars
and motorbikes.

leaders who will attend the
bike and car market in Myanto control law and order during
of motorbike to manufacture
Myanmar Summary

Myanmar’s police chief Zaw
help our police force maintain
security during the regional
summits. We will also procure

onf/

and distribute them in townpresented at a ceremony at
Myanmar International ConThe ceremony was attended

tpnf; ta0;rsm;ES i hf quf p yf t pnf ;
presented the bikes.
Kyaw Min

oGm;rnfjzpfaMumif; od&onf/
Policemen are seen with Suzuki motorbikes, which were donated to Myanmar by Suzuki Corp last week, in Nay Pyi Taw.

Auto Sector Adds Spark to Japan’s
Electronic Components Industry
Nobuhiro Kubo and
Yoshiyuki Osada

tronic components per car will

Ben Blanchard

apanese electronic component makers are looking

ing their fortunes more closely
big industries: automobiles.
Component makers such as
Murata Manufacturing Co Ltd
and TDK Corp are capitalising
on rising demand for electronics like those that make cars
safer with automatic braking
or less polluting with engine
controllers.
ride shipping components for

Murata Manufacturing Co Ltd
TDK Corp

a longer history in the business.
“TDK and Murata were early
to start working in automobiles

Apple Inc

Myanmar Summary

iPhones

companies to bolster its posi-

agency reported.
The gangs had smuggled in

sen-

bought in 2012 for 20 billion
yen ($200 million). The sen-

imported luxury cars in China
and called for them to face an

said last week.
Police arrested 54 gang members who had smuggled in the

director at Nomura Securities.

microelectro-mechanical

C

foreign carmakers of reaping

broken up six rings that
smuggled around $164
million worth of cars into the
top-end models such as BMWs

ESifh

phone market that once lured

China Breaks Up Gangs That
Smuggled $164m Worth of Cars

TDK

tae

added.
Smuggling of cars into China
has long been a problem for

BMWs
Rolls-Royces

onf/

clining smartphone orders were
slashed its full-year operating
that can cause accidents.
Reuters

foreign models.
into China are 25 percent for

because of the enduring prominence of compatriot automakers such as global leader Toyota

Myanmar Summary

onf/

ESifh

CLASSIFIEDS
December 5-11, 2013

30

www.mmbiztoday.com

31

SOCIAL SCENES

www.mmbiztoday.com

December 5-11, 2013

SCG Sharing the Dream Myanmar 2013 in Yangon

Pisanu Suvanajata, ambassador of Thailand
to Myanmar (L) and Chana Poomee, Country
director, SCG Myanmar (R), awarding scholarships to students from various townships in
Yangon who were awarded SCG Sharing the
Dream scholarships at a ceremony held.
SCG Myanmar

Pisanu Suvanajata, ambassador of Thailand to Myanmar, addresses the audience at the SCG Sharing the
Dream ceremony held at IBC in Yangon. 100 high school students who have shown gratitude towards their
families, proactively contributed to their communities and exhibited good academic records were awarded
scholarships by SCG as part of the SCG Sharing the Dream program.
SCG Myanmar

Chana Poomee, country director, SCG Myanmar,
presents school supplies to a student as part of the
SCG Sharing the Dream ceremony held at IBC in
Yangon. 100 students received funding of up to
K200,000 ($206) which will help cover school fees for
an academic year as well as school supplies.
SCG Myanmar

Pisanu Suvanajata,ambassador of Thailand to Myanmar (centre, left) and Chana Poomee, country director, SCG Myanmar (centre, right), flanked by students
from Yangon who received the SCG Sharing the
Dream 2013 scholarship.
SCG Myanmar

Suzuki Donation Ceremony of Police Bikes to Myanmar
@ MICC (Nay Pyi Taw)

Pisanu Suvanajata, ambassador of Thailand to Myanmar, awards a SCG Sharing the Dream certificate to a
student.
SCG Myanmar

(Centre, left to right) Sorasak Keeratichokechaikul,
Government and Public Affairs Manager, SCG Myanmar,
Pisanu Suvanajata, ambassador of Thailand to Myanmar, Chana Poomee, country director, SCG Myanmar,
and Dr Tun Myint, Vice-President, MBE, with students
from Yangon who were awarded SCG Sharing the Dream
2013 scholarships.
SCG Myanmar

Sorasak Keeratichokechaikul, Government
and Public Affairs Manager, SCG Myanmar,
awards a SCG Sharing the Dream certificate
to a student.
SCG Myanmar

Toyota Dream Car Art Contest @ Hledan Centre

Shotaro Honda (L), Toyota Tsusho Corp, U Aye Zaw, managing
director of TTAS (2nd L), artist Nyein Chan Su and actress Chit
Thu Wai at the press conference.
Phyu Thit Lwin

Actress Chit Thu Wai gives her speech.

U Soe Thane (L), union minister for the President's office,
Toshihiro Suzuki, executive vice president of Suzuki Motor
Corp, talks before the ceremony.
Kyaw Min

Myo Myint Thein (L), general manager of TTAS (vehicle sales &
marketing department), and Shotaro Honda of Toyota Tsusho
Corp, attend the press conference.
Phyu Thit Lwin

Delegates pose for a photo.

Delegates and government officials listen to a speech. Kyaw Min

Corp, gives his speech.
Kyaw Min

Delegates having lunch.

U Chan Maung gives his speech.

Phyu Thit Lwin

P&G Water Donation Ceremony @ Traders Hotel

Kyaw Min

U Chan Maung recieves the Suzuki bike key.

Phyu Thit Lwin

Kyaw Min

Kyaw Min

Raul Falon, director of P&G, gives his speech.

Delegates inspect a bike.

Kyaw Min

Delegates pose with a bike.

Kyaw Min

Corp, pose with a bike.
Kyaw Min

Delegates pose with a bike.

Kyaw Min

Kyaw Min

Film director Aung Ko Latt gives his speech.

Kyaw Min

Daw Khin Khin Lay, managing director of Forever Group, gives
a speech.
Kyaw Min

Daw Win Win Tint, CEO of City Mart, gives her speech.
Kyaw Min

Delegates pose for a photo.

Delegates at their dinner table.

Kyaw Min

Kyaw Min

32

ENTERTAINMENT

www.mmbiztoday.com

December 5-11, 2013

The Best Dim Sum in Town
and the taste was fantastic too.

Uncle Tah

Y

I
tunes

Events Calendar

that

would

recommend

both

reminded

It reminded me of being ten

running through my hair. The
radio was playing the exact
same song that I had heard

the roasted duck and pork.

mixtures worked perfectly to
After all those starters (should
we call them starters?) we had
all those years ago. It was so

noodle rolls and deep-fried soft

beautiful with both its melody
instruments. I couldn’t imagine
how or why the youngsters of

recently employed a new chef
from Hong Kong.
some friends and I decided to

Chinese restaurant in Yangon’s

Saturday 7th December
Rehab Party – House party at Yangon’s newest club, Flamingo Bar, located at Yangon
International Hotel.
Hash House Harriers – ‘a drinking club
with a running problem’. 2.45pm University
Avenue Road (opposite Yangon University)
Sunday 8th December
Yangon Dragons Rugby – Training 10.30am
at Yangon United Football Club, Insein
Road.
Australian Club Barbecue – Cook your own
meat. Starts at 5.30pm
Sunday Morning Bike Ride - Contact Jeff at
milkmast@gmail.com or 09 5134190. Bike
hire available.
Monday 9th December
Monday Night Meditation – 7.15 to 9pm at
53A Golden Valley Road.

of music before.
It was at that time that I went
for lunch.
memories from those wonderfully nostalgic days all those
years ago. A friend recently

Friday 6th December
Strand Happy Hour Drinks
Friday Night Bike Ride- Contact Jeff at
milkmast@gmail.com or 09 5134190. Bike
hire available.

ished our lunch with desserts.
All of us agreed that this
Chinese restaurant should be
considered one of the best DimSums in town.

Tuesday 10th December
Pansodan Gallery – mingle and drinks

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