PwC Myanmar Weekly Business Intelligence

Issue 39 13 January 2017

www.pwc.com/mm

PwC | January 2017

1. Weekly Key Financial & Business News

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PwC | January 2017

Weekly Key Financial & Business News Headlines

New MCDC members take their oaths

New China Silk Road – Risks to Singapore?

Gold Exchange Market to Open in 2017

Tanintharyi tourism committee to draft master plan

Dollar Hits 14-Year Highs After Strong US Manufacturing Data

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Yangon bus system overhaul set to start

PwC | January 2017

Weekly Key Financial & Business News Headlines

State Owned Myanma Insurance Unveils New Health Insurance Policies

Myanmar Companies Act sent to parliament

Border Exports Down $90m Despite Rise in Total Export Values

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Garment Exports Double Spurred by Rising Orders From the EU

PwC | January 2017

Newspapers Myanmar Times

Yangon bus system overhaul set to start

Yangon’s infamous public bus system – where commuters are dragged by callous conductors onto ageing vehicles operated by drivers with scant regard for road safety – is about to change. A long-awaited transformation of the bus network, which some 80 percent of the commercial capital’s 2.8 million daily commuters depend upon, will begin at the end of this week, the regional government’s chief minister U Phyo Min Thein said on January 6. The Yangon Region Transport Authority (YRTA) has yet to announce the eight public-private partnership (PPP) firms that have won a tender to operate many of the new lines. The authorities are also taking applications until January 10 from individual bus owners that would like to operate lines under the new system. The regional government had hoped to have the PPP firms and individual bus owners operate new vehicles on the new lines. But new buses are expensive and region government plans to provide financial assistance have been problematic. The YRTA reported in October last year that

overcharging topped the list of commuter complaints. The government is hoping the new system will eventually run with at least 3000 buses, but it is still unclear how many buses will run on the 58 new lines. As part of a PPP firm operating multiple lines, profits will be shared, and bus owners will rely on the entire PPP venture being profitable. The regional government said last year that the government would help such ventures stay profitable by awarding them petrol distribution licences. The government is hoping the new PPP-run system can help to develop the private sector, but it also plans to invest K60 billion in new bus system and can double this if necessary, he said. Source : Myanmar Times http://www.mmtimes.com/index.php/business/24451-yangon-bus-system-overhaul-set-to-start.html

09 January 2017

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PwC | January 2017

Newspapers Myanmar Times

New MCDC members take their oaths

The new Mandalay City Development Committee is up and running. More than four months after elections for the municipal body, and one embittered election dispute later, the new members were sworn in on January 6 without a hitch. The six elected MCDC members took their place alongside five members directly appointed by the Mandalay Region government, whose names were not revealed until the inauguration ceremony. The five appointees include: U Aung Kyaw Tun (legal expert), Daw Myint Myint Than (engineer), U Ye Myat Thu (IT expert), Dr Thit San (doctor) and U Kyaw San Myint, also known as U Kyaw Yin Myint (journalist and writer). U Aung Kyaw Tun was also appointed to serve as the new MCDC Speaking at the inauguration ceremony, Mandalay Region Chief Minister U Zaw Myint Maung said the appointments were made as a group decision with input from the region’s cabinet. The chief minister encouraged all of the new MCDC members to perform their responsibilities with a spirit of goodwill for the city, and to try as

hard as they can to develop the country’s second-largest urban hub. U Thet Naing Tun, joint secretary of MCDC, said on January 7 that the new committee members will receive their respective assignments soon. The six members of the hotly contested municipal elections on September 25 include: U Zaw Myo Lwin, also known as U Moe, U Ye Mon, U Saw Han, U Kyaw Zaw Aung, U Kyaw Zaya, and U Khine Myint. Writer U Kyaw San Myint said he would do his best to make the city proud of MCDC’s work. “I am not sure yet what role I will have responsibility over because the assignments have not been divided yet. But whatever it is I believe I can help develop the city in cooperation with my friends from the media,” he said. Source : Myanmar Times http://www.mmtimes.com/index.php/national-news/mandalay-upper-myanmar/24463-new-mcdc-members-take-their-oaths.html

09 January 2017

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PwC | January 2017

Newspapers Mizzima

New China Silk Road – Risks to Singapore?

Earlier this year I wrote an article arguing that Myanmar will play a pivotal and key strategic role in China’s “One Belt One Road “strategy, and that Singapore would be the net loser of such an initiative. Since the publication there have been a number of commentators charting the development of the inland routes and little attention paid to the impact on the Maritime lanes. Supply Chain Consideration When looking at the sail / rail mix in the region, we can see that a number of interesting developments have taken place. This is of particular importance when one considers that the region’s economic growth pathway will come from the likes of China, India, Myanmar, Vietnam, Laos and Cambodia. For example, Myanmar’s economy is expected to grow around the 8% mark in the coming year, and according to reports out of the ADB and others, China will account for 40% of trade. Conclusion With the shipping and rail complementing each other as evidenced by the transport map above,

Singapore is at risk of losing its maritime hub status as the new alternative transport modes become attractive in terms of speed and cost. This will also place at risk OSV operators who have relied on Singapore to provide the “one stop shop” to support offshore oil and gas logistics. Some companies in the sector have seen this and have moved offices to the likes of Malaysia and Thailand to better take advantage of the new paradigm brought about by China’s new Silk Road. Controversial as it may seem, it is my opinion that Singapore, once the “Switzerland” of the East will lose this mantle in the not too distant future. Source : Mizzima http://www.mizzima.com/business-opinion/new-china-silk-road-%E2%80%93-risks-singapore

10 January 2017

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PwC | January 2017

Newspapers The Irrawaddy

Gold Exchange Market to Open in 2017

RANGOON — The Myanmar Gold Entrepreneurs Association plans to open a gold exchange market in Rangoon this year. The official gold market has been in the works for three years, and various ministries are now assisting in its creation, said U Kyaw Win, general secretary of the association, at its 14th anniversary ceremony in Rangoon on Sunday. The ministries of commerce, resources and environmental conservation, and home affairs, as well as the Central Bank, are all working in cooperation to form the market. “The gold exchange will help develop the local gold market,” U Kyaw Win told the Irrawaddy. U Kyaw Win said more information would be revealed to the public once all policy drafts were approved by the government. “The divisional chief minister is ready to provide necessary assistance for the emergence of the official gold market,” said Rangoon divisional minister for planning and finance U Myint Thaung at the ceremony of Myanmar Gold Entrepreneurs Association. U Maw, co-owner of Mandalay-based Aung

Thamadi gold shop, said currently the local gold market depends on the international price of gold, making it difficult to control. “We try to sell our gold when the price is high, and some trade along the border areas near China and India,” he said. The local gold market price has recently increased due to increases in the dollar exchange rate. In 2016, the price reached 900,000 kyats (around US$650) per tical (just over half an ounce). “Let’s see how the formation of a gold exchange helps the local market,” U Maw said. The Myanmar Gold Entrepreneurs Association has recently engaged in business models pertaining to gold production, refining, selling gold blocks, goldsmithing and the sale of gold jewelry. Source : The Irrawaddy http://www.irrawaddy.com/business/gold-exchange-market-to-open-in-2017.html

10 January 2017

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PwC | January 2017

Newspapers Myanmar Times

Tanintharyi tourism committee to draft master plan

A Tanintharyi development committee, operating under the tourism ministry and chaired by local tycoon Serge Pun, is drawing up a master plan for sustainable tourism in the region. Tanintharyi boasts the Myeik archipelago, a cluster of more than 800 largely untouched islands that hold huge potential as a draw for international visitors. In order to help plot a careful and sustainable path for tourism development the government has formed a Tanintharyi Tourism Development Committee, made up tourism ministry officials and private sector representatives. U Myo Thwin, secretary of the Myanmar Tourism Marketing Committee under the Myanmar Tourism Federation, is one of the private sector representatives on the Tanintharyi development committee. He said the group had picked Serge Pun, chair of Yangon-listed First Myanmar Investments and Singapore listed-Yoma Strategic Holdings, as their head. Mr Pun did not respond to a request for comment on his involvement in the Tanintharyi tourism development committee. “The committee members will favour

developments that benefit the public, then personal interests when implementing the Tanintharyi region tourism development,” U Myo Thwin said. “There’s no need to [develop] all the islands in the Myeik archipelago for tourism promotion,” he said at a tourism forum last year. “The islands near Kawthaung city will make for the hotel improvement and we will try for heritage status.” “The Myeik archipelago has already been nominated for submission as a world heritage site but the [application] process hasn’t started yet,” she said. “[the authorities] should be careful to protect natural resources above and below the sea.” Tourism ministry data shows that cruise ships carrying 3201 tourists visited between January and November 2016. Source : Myanmar Times http://www.mmtimes.com/index.php/business/24492-tanintharyi-tourism-committee-to-draft-master-plan.html

11 January 2017

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PwC | January 2017

Newspapers Myanmar Business Today

Dollar Hits 14-Year Highs After Strong US Manufacturing Data

The US dollar rose to its highest in 14 years against the euro and a basket of major currencies last week after data showed solid growth in US manufacturing. The dollar index rose to 103.820, its highest level since December 2002 after data released last Tuesday showed US factory activity accelerated to a two-year high last month and construction spending rose to its highest in 10-1/2 years in November. "Job growth appears to be picking up, orders are picking up quite strongly, prices are increasing quite strongly as well," said Shaun Osborne, currency strategist at Scotia Capital in Toronto. "That suggests the (Federal Reserve) is going to have to remain active in this kind of environment. So this on the whole is a generally constructive set of data for the dollar here in a time of the year where typically the dollar does quite well." That has helped elevate the dollar to its strongest in nearly a decade and a half as investors gear up for expected cuts in regulations and tax rates, as well as increased fiscal spending, from the administration of President-elect Donald Trump. The euro fell to a 14-year low against the dollar,

dropping to $1.0342 after the data's release. The dollar gained against the yen as well, reaching 118.60 yen, its highest since December 15th and just a hair below its highest point since February as a holiday in Japan thinned Asian trading. It later retraced much of those gains, even turning negative against the yen after investors took profits on the day's strong moves. The greenback rose to its highest against the Mexican peso since November 11th, the day it hit its all-time high, after Ford Motor Co said it would cancel a planned $1.6 billion factory in Mexico and instead invest $700 million in a Michigan plant due to sagging demand for small cars. Ford had faced criticism from Trump for its Mexican investment plans and the company's executive chairman, Bill Ford Jr., said he personally notified the president-elect of the decision. Source : Myanmar Business Today http://www.mmbiztoday.com/articles/dollar-hits-14-year-highs-after-strong-us-manufacturing-data

11 January 2017

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PwC | January 2017

Newspapers Myanmar Business Today

Garment Exports Double Spurred by Rising Orders From the EU

Myanmar garment exports have doubled in 2016 compared to export values of the previous year, according to the Ministry of Commerce. Rising orders from European countries have caused the surge in garment exports, said U Win Myint, Director of Ministry of Commerce. As of December 15th, garment exports reached $1.05 billion, up from $460 million during same period last year, the ministry’s data showed. “This year, orders from European countries have risen because we have EU’s Generalized System of Preferences (GSP). Last year exports were slightly down because of labour issues,” U Win Myint added. Within the EU’s GSP system, Myanmar qualifies for the lowest rung ‘Everything But Arms’ programme, which allows the least developed countries generous duty free access to the European market on everything but arms and ammunition. Under the USDP-led government, the garment industry was marred by conflicts between garment factories owners and workers, who clashed over demands for a basic minimum wage

and claims of egregious labor rights abuses . “Myanmar garment exports are going well. Six investment proposals were recently approved by the Myanmar Investment Commission (MIC), including five garment businesses from Hong Kong,” said U Aung Naing Oo, Director General of Directorate of Investment and Company Administration (DICA). While most garments exports went to Japan and the EU, followed by South Korea, the EU might overtake Japan next fiscal year, said Daw Khaing Khaing Nwe, Secretary of Myanmar Garment Entrepreneurs Association. To gain eaccess to more lucrative markets, Myanmar’s garment industry is trying to shift to the more advanced Free on Board (FOB) assembly system from the low-skilled, labour intensive Cut-Make-Pack (CMP) system employed in most factories. Source : Myanmar Business Today http://www.mmbiztoday.com/articles/garment-exports-double-spurred-rising-orders-eu

11 January 2017

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PwC | January 2017

Newspapers Myanmar Business Today

State Owned Myanma Insurance Unveils New Health Insurance Policies

State owned Myanma Insurance is planning to update its health insurance policy plans and aims to introduce them in early 2017. The new premium rates vary and are divided into three age ranges: 6 to 50 year olds, 51 to 60 year olds, and 61 to 65 year olds. Annual premium rates for those in the 6 to 50 year old bracket start at K44,000 per policy, while annual coverage for those in the second and third age brackets start from K55,000 and K66,000 respectively. Each buyer has to purchase a minimum of two lots of annual coverage and can only purchase a maximum of ten units. The new medical treatment coverage allows for the cost of up to 60 days in hospital, up from the 30 days covered under the previous plan. Under the new plans, K2 million will be paid out for the accidental death of those covered by two policies and K10 million for those covered by 10. Along with basic health insurance, customers can choose to be covered under three new policy types which are death caused by disease, disability, and a third policy which covers medical operations, cancer treatment, cardiovascular blockages and strokes.

“The three types of new health insurance cannot be bought separately from basic health insurance. It can be bought in the same unit together with basic health insurance,” said U Khin Maung Win, General Manager of Myanma Insurance. After the policies of existing customers expire, they are eligible to purchase the updated policies. “We only have a seven percent total life insurance market share. Our cooperation with Myanma Insurance with these creative new versions will bring more protection for losses,” said U Sein, Min, Consultant of Taiyo Life Insurance Co,. Ltd. There are 20 specific cases in which insurance compensation will not paid, including coverage for mental health issues, existing diseases, operations for beauty purposes, drug users, those with a criminal record, dental care for anything other than an accident and surgery for eye damage. Source : Myanmar Business Today http://www.mmbiztoday.com/articles/state-owned-myanma-insurance-unveils-new-health-insurance-policies

11 January 2017

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PwC | January 2017

Newspapers Myanmar Times

Myanmar Companies Act sent to parliament

The Myanmar Companies Act – a pivotal piece of legislation that will reform how companies are regulated and allow foreign investors onto the Yangon Stock Exchange – was submitted to the Pyithu Hluttaw at the start this month, according to Directorate of Investment and Company Administration Director General U Aung Naing Oo. The new act was approved at a government cabinet meeting on January 5 and went to parliament the following day, he said at a press conference this week. The legislation will replace a colonial-era Myanmar Companies Act from 1914 that is replete with antique stipulations – companies have to seek presidential approval to change their names, and court approval to change business objectives. In addition to simplifying requirements for small and family-owned businesses, improving corporate governance standards and removing outdated regulations, the act will also allow foreign investors to hold shares in Myanmar firms. The authorities hope this will make it easier for local companies to attract international funding and expertise.

Nor will the new legislation automatically treat companies with a degree of foreign ownership differently. The act’s latest draft no longer defines any company in which foreigner holds shares as a foreign-owned company. U Aung Naing Oo said foreign-owned companies will be defined as those where foreign ownership exceeds 35 percent, but that the Ministry of Finance and Planning can change this ratio as the economy develops. This will also allow foreigners to buy shares on the Yangon Stock Exchange for the first time; something many people think will be beneficial for the new bourse. “Myanmar’s stock market is still very young,” said U Ye Min Aung, managing director of Myanmar Agribusiness Public Corporation (MAPCO), which plans to list on the YSX this year. “Trading is only made by the domestic market, and in order to boost trading it is necessary to allow foreigners with higher purchasing power to trade.” Source : Myanmar Times http://www.mmtimes.com/index.php/business/24508-myanmar-companies-act-sent-to-parliament.html

12 January 2017

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PwC | January 2017

Newspapers Myanmar Business Today

Border Exports Down $90m Despite Rise in Total Export Values

Myanmar's cross border exports are down by almost $90 million this financial year when compared with the same time last year. From the period of April 1st to December 23rd, cross border exports fell by $89.8 million to $3.1 billion, but overall exports for the same period faired better, earning $397 million more than last financial year, according to figures from the Ministry of Commerce. Myanmar's total trade value, the value of total exports and imports, has slumped to $19.2 billion this financial year, down from $19.8 billion for the same period last year. The down ward trend can be attributed to government measures to reduce Myanmar's trade deficit by cutting imports, a measure outlined in the second five-year National Development Plan. Imports have been cut to $7.68 billion this financial year, down from $7.98 billion last year. Contributing to the slump in overall trade values, cross border trade through Muse, Myanmar's biggest border trade zone with China, fell by $400 million this financial year. Sporadic fighting forced the suspension of trade

for several days in late November as ethnic armed groups from Shan State mounted an offensive on government positions, causing a jam of trucks for several days. About 80 percent of total border trade with China is said to go through the Muse border trade zone, one of four along the Myanmar-China border. Subsequently, total cross border trade with China has fallen to $4.1 billion this financial year, down from $4.265 billion for the same period last year. China's economy is also cooling off, which is affecting trade between the two countries. Sales at Myanmar gems emporiums slumped last year as the attendance rates of Chinese customers fell. Source : Myanmar Business Today http://www.mmbiztoday.com/articles/border-exports-down-90m-despite-rise-total-export-values

12 January 2017

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PwC | January 2017

2. Weekly Investment News

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PwC | January 2017

Weekly Key Investment News Headlines

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German Chemical Giant to Open Yangon Factory to Supply Construction Sector

Japanese Construction Rental Firm to Invest $7m in Myanmar

Myanmar's Breakneck Growth Bring Surge in Fuel Oil Shipping From Singapore

Company That Moves Myanmar’s Restaurant Systems Into the Cloud to Get $500,000 Injection From Japan

MAPCO courts investment for agri-industry park

PwC | January 2017

Newspapers Myanmar Times

MAPCO courts investment for agri-industry park

Myanmar Agribusiness Public Corporation (MAPCO) is building the first of several planned agricultural industrial parks in Ayeyarwady Region aimed at attracting foreign and local investment into agriculture and agri-business. U Ye Min Aung, MAPCO’s managing director said the Myaungmya township-based project is small-scale but innovative. Basic infrastructure including roads, a jetty and an electricity supply are already in place, he added. Construction of the park is expected to be fully finished by November 2018, he said, and is one of several planned. MAPCO plans to investment US$12 million in Myaungmya township park, and international investors are already interest in putting their own money to work. “Investors from Japan, Thailand, China and Taiwan have investors proposed investing in the industrial park so far,” he said. Prospective investors are showing interest in setting up milling operations for things such as rice, animal feed, oil and other agri-food industries, he added. Data from the Directorate of Investment and Company Administration showed that as of

December there had been no approved foreign investment in the agriculture sector for the 2016-17 financial year. U Than Aung Kyaw, DICA deputy general, told The Myanmar Times the main reason for the lack of foreign investment is strict rules over foreign ownership of land. There are also few areas of agricultural investment where full foreign ownership is permitted. But the Myanmar Investment Commission has been slowly reducing the list of enterprises where a local partner is required. In March 2016, it allowed full foreign ownership for the production and distribution of hybrid seeds, production and propagation of high-yield and local seed. U Than Aung Kyaw said that the MIC, of which DICA acts as the secretary, was likely to continue to relax restrictions on foreign investment in agriculture. Source : Myanmar Times http://www.mmtimes.com/index.php/business/24473-mapco-courts-investment-for-agri-industry-park.html

10 January 2017

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PwC | January 2017

Newspapers Myanmar Business Today

German Chemical Giant to Open Yangon Factory to Supply Construction Sector

The German chemicals giant BASF will build a factory in Myanmar this year to supply the construction industry’s increasing demand for sophisticated concrete additives. The new plant, which is still pending official approval, is due to be built in Yangon. BASF has been selling concrete admixtures and mining chemicals to companies in Myanmar for ten years and has supplied major construction projects including the Thilawa Special Economic Zone, the Yeywa hydropower dam and the Myingyan steel mill. "As Myanmar's construction industry grows more sophisticated in its scope, which includes high-rise buildings, roadways and bridges, the requirement for high-quality technical and construction solutions will increase," said Christian Mombaur, who runs the company’s construction chemicals unit in Asia. The company has not disclosed how much it will be investing in its new plant. Myanmar produces 3.1 million tons of concrete and imports just under 5 million tons to meet growing demand for new buildings and upgrades

to dilapidated infrastructure. BASF, which opened a service office in Yangon in 2015, generated €70 billion - roughly $72.8 billion - in revenues in the same year. Its construction chemicals unit is active in 50 countries with sales of about €2.3 billion. Source : Myanmar Business Today http://www.mmbiztoday.com/articles/german-chemical-giant-open-yangon-factory-supply-construction-sector

10 January 2017

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PwC | January 2017

Newspapers Myanmar Business Today

Japanese Construction Rental Firm to Invest $7m in Myanmar

A Japanese construction firm will invest $7 million in a venture focussed on construction machinery rentals in Myanmar, the Myanmar Investment Commission said. Aktio Corp, which runs 92 plants in Japan as part of its operations renting out fork-lifts, concrete equipment generators and submersible pumps, was established in 1967. It announced ordinary profits of 11.78 billion yen, roughly $100 million, in 2014. Its new venture, which has been approved by the Myanmar Investment Commission, will operate under the name Aktio Myanmar Co Ltd. The company will be based in the Thilawa Special Economic Zone. Source : Myanmar Business Today http://www.mmbiztoday.com/articles/japanese-construction-rental-firm-invest-7m-myanmar

10 January 2017

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PwC | January 2017

Newspapers Myanmar Business Today

Myanmar's Breakneck Growth Bring Surge in Fuel Oil Shipping From Singapore

Myanmar's oil imports are surging to fuel a fast-growing economy and rebuild rotting infrastructure, creating a small but profitable route for ships making a beeline for the emerging southeast Asian nation from the regional hub of Singapore. Servicing growth that could top 8 percent this year is a clutch of small tankers ferrying gasoil and diesel from Singapore 2,000 kilometres (1,260 miles) north to Myanmar. The country's sole port, at Yangon, can only handle small vessels. "Everyone is quite bullish about the Myanmar market," said Lim Han, executive director and head of chartering at Singapore's Hong Lam Marine. The firm, which started oil shipments to Myanmar from Singapore six months ago, is one of a handful of small, local shippers now plying the route. After almost 50 years of economic struggle under military dictatorship, Myanmar is opening up to investors as it tries to reconstruct roads, factories and airports, as well as supply an electricity grid stretched to breaking point. Rising use of refined oil products like gasoil or

diesel is a leading indicator for economic growth in places like Myanmar. The fuels are mostly used in power generation, construction, and transportation, especially in heavy duty vehicles. THE SINGAPORE ROUTE Myanmar's diesel demand rose to 110,000 barrels per day (bpd) over September to October 2016, from 80,000 to 90,000 bpd over the same period in 2015, according to Energy Aspects oil analyst Nevyn Nah. Its gasoil imports are expected to hit 37,250 to 50,000 bpd in 2017, up from just around 17,400 to 19,900 bpd in previous years, according to involved trading sources. Singapore, as Asia's oil trading hub, will benefit further from this rising demand as it takes in surplus fuels from other regional markets and offers it to buyers in need of supplies - like Myanmar. Source : Myanmar Business Today http://www.mmbiztoday.com/articles/myanmars-breakneck-growth-bring-surge-fuel-oil-shipping-singapore

11 January 2017

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PwC | January 2017

Newspapers Myanmar Business Today

Company That Moves Myanmar’s Restaurant Systems Into the Cloud to Get $500,000 Injection From Japan

A Japanese internet and cloud computing company is set to make its first venture into Myanmar via an investment in a company that offers mobile management services to restaurants. Tokyo-based Globalway Ventures is considering a $500,000 deal with code2LAB that would see it take a 30 percent stake in the company. Globalway has said it plans to invest about $100 million in Asia. Code2LAB, headquartered in Singapore and founded in 2012, uses cloud storage to help restaurant chains in Myanmar manage their businesses. Their clients include Happy Noodles, Food City at Myanmar Plaza and Osaka Restaurants. “The investment injection will help advance code2LAB’s product of SmartSales, which helps restaurant owners transform works done manually to ann integrated automated solution,” Min Zeya Phyo, code2LAB’s founder, told Deal Street Asia. “They intend to develop the features, include payment integrations through mobile money providers, banks and payment gateways

and expand the marketing around Myanmar. The company is also planning a new product, said Min Zeya Phyo. DOE Mal can be used on smartphones and enables customers to check reviews of restaurants and access coupons, which they will then be able to display on-screen to staff at the restaurant. “We are planning to have a soft beta launch in mid-January. It will have limited features, just restaurant listings at first, followed by monthly feature releases,” said Min Zeya Phyo. The company will officially launch DOE Mal in April and plans to cover the whole of Myanmar by the end of the year. Source : Myanmar Business Today http://www.mmbiztoday.com/articles/company-moves-myanmar-s-restaurant-systems-cloud-get-500000-injection-japan

12 January 2017

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PwC | January 2017

3. Weekly New Tenders

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PwC | January 2017

EOI for Consulting Services– Individual Consultant (International procurement specialist)

EOI for Consulting Services– Individual Consultant (International Road and Bridge Advisor)

Tenders (Myanmar Government) List

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

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PwC | January 2017

Newspapers Consult Myanmar

EOI for Consulting Services– Individual Consultant (International procurement specialist)

Assignment Title: International procurement specialist Reference No.: C4-IST-IC02 The Republic of the Union of Myanmar has applied for financing from the World Bank toward the cost of the Myanmar Flood and Landslides Emergency Recovery Project and intends to apply part of the proceeds for consulting services. The consulting services (“the Services”) include Assisting and advising the project team at all stages of procurement for contracts, providing technical assistance on tender, preparing communications and coordinating between Ministries and World Bank. The services of international procurement specialist will cover for 12 months. The Ministry of Construction (MOC)and Ministry of Agriculture, Livestock and Irrigation (MoALI)now invites eligible individual consultant (“Consultants”) to indicate their interest in providing the Services. Interested individual consultants should provide information demonstrating that they have the required qualifications and relevant experience to perform the Services (e.g. consultant’s profile, description

of similar assignments, experience in similar conditions, etc.). Further information can be obtained at the address below during office hours [09:30 to 16:00 hours’ local time]. Expressions of interest must be delivered in a written form to the address below (in person, or by mail, or by fax, or by e-mail) by, FRIDAY 27 January 2017 (16:00 hours local time). Attn: Daw Tin Moe Myint, Director, Department of Rural Development, Office no-14, Nay Pyi Taw, Myanmar. Tel: 95 67 409410, 9595118240 Fax: 9567409210 E-mail: rbbdrd@gmail.com For Detailed information please contact: U Kyaw Swa Aung (Director) Department of Rural Development +95(0) 943434333 ksaung@hotmail.com Source : Consult Myanmar https://consult-myanmar.com/2017/01/09/request-for-expressions-of-interest-consulting-services-international-procurement-specialist/

09 January 2017

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PwC | January 2017

Newspapers Consult Myanmar

EOI for Consulting Services– Individual Consultant (International Road and Bridge Advisor)

Assignment Title: International Road and Bridge Advisor Reference No.: C4-IST-IC01 The Republic of the Union of Myanmar has applied for financing from the World Bank toward the cost of the Myanmar Flood and Landslides Emergency Recovery Project and intends to apply part of the proceeds for consulting services. The consulting services (“the Services”) include Technical supervision, administration and coordination support, procurement, financial management, safeguard, monitoring and reporting, capacity development.The services of international road and bridge advisor will cover for 3.5 years. The Ministry of Construction (MOC)and Ministry of Agriculture, Livestock and Irrigation (MoALI)now invites eligible individual consultant (“Consultants”) to indicate their interest in providing the Services. Interested individual consultants should provide information demonstrating that they have the required qualifications and relevant experience to perform the Services(e.g. consultant’s profile, description of similar assignments, experience in similar

conditions, etc.). The attention of interested individual consultant is drawn to paragraph 1.9 of the World Bank’s Guidelines: Selection and Employment of Consultants [under IBRD Loans and IDA Credits & Grants] by World Bank Borrowers (“Consultant Guidelines”), setting forth the World Bank’s policy on conflict of interest. An individual Consultant will be selected in accordance with the Individual Consultant Selection method set out in the Consultant Guidelines. Attn: Daw Tin Moe Myint, Director, Department of Rural Development, Office no-14, Nay Pyi Taw, Myanmar. Tel: 95 67 409410, 9595118240 Fax: 9567409210 E-mail: rbbdrd@gmail.com Source : Consult Myanmar https://consult-myanmar.com/2017/01/09/request-for-expressions-of-interest-consulting-services-individual-consultant-international-road-and-bridge-advisor/

09 January 2017

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PwC | January 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

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Debt Management Facility II - External Evaluation, Closing Date : 28 January 2017

SureCash Mobile Wallet App V1 Install Campaign, Closing Date : 17 January 2017

Research and Survey on Myanmar's Housing Finance System, Closing Date : 03 February 2017

Preparatory Survey for the Yangon-Mandalay Railway Development Project, Phase II, Closing Date : 03 February 2017

PwC | January 2017

4. MIC Permitted Projects

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PwC | January 2017

MIC Permitted Projects (Week 1, 2017)

No. Name of Company Type of Investment Form of Investment

1 Myanmar New Hope Agrotechnique Company Limited Manufacturing and Marketing of Day Old Chick(DOC)

Joint Venture

2 Myanmar New Hope Agrotechnique Company Limited Manufacturing and Marketing of Breeder Farm

Joint Venture

3 Yong Cheng Company Limited Manufacturing and Marketing of Rubber Wood Based Products

Joint Venture

4 Golden Lace Daewoo Company Limited

Processing, Production and Sale of Parboiled Rice, High Quality White Rice and Rice Products

Joint Venture Investment

5 Golden Lace Daewoo Company Limited

Processing, Production and Sale of Parboiled Rice, High Quality White Rice and Rice Products with B.O.T system

Joint Venture Investment

6 Myport Limited (Republic of Ireland) Manufacturing of Garment on CMP Basis Wholly Foreign Owned

7 Skyway (Myanmar) Apparel Limited (Hong Kong) Manufacturing of Garment on CMP Basis Wholly Foreign Owned

8 Joint- Profit (Myanmar) Garment Company Limited (Belize)

Manufacturing of Garment on CMP Basis Wholly Foreign Owned

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PwC | January 2017

MIC Permitted Projects (Week 1, 2017)

No. Name of Company Type of Investment Form of Investment

9 Zhejiang Lanshan Myanmar Clothing Company Limited (China)

Manufacturing of Garment on CMP Basis Wholly Foreign Owned

10 Dong Yuan Richland Fashion (Myanmar) Company Limited (Hong Kong)

Manufacturing of Garment on CMP Basis Wholly Foreign Owned

11 Mar-Tex Company Limited (Cambodia) Manufacturing of Garment on CMP Basis Wholly Foreign Owned

14 Pungkook Myanmar Limited (Korea) Manufacturing All Kinds of Bag on CMP Basis Wholly Foreign Owned

15 Green Wings International Company Limited (Japan)

Manufacturing of Shoes (Foot Wears) on CMP Basis

Wholly Foreign Owned

16 Yong May Footwear Product Company Limited (Brunei Darussalam)

Manufacturing and Marketing of All Kinds of Sales for Footwear Product

Joint Venture

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PwC | January 2017

MIC Permitted Projects (Week 1, 2017)

No. Name of Company Type of Investment Form of Investment

17 Golden Myanmar Business Exchange Co., Ltd. Construction & Operation of Co-Location Hosting Data Centre Services

JV Foreign Investment

18 Peninsula Yangon Limited Fiver Start Luxury Hotel Services Wholly Foreign Owned Investment

19 Meeyahta Development Ltd.

Construction, Management and leasing of retail podium, branded residences (tower- 1), hotel and serviced residences (tower-2), Office towers (tower-3 and 4)

JV Foreign Investment

20 Phwint Phyo Thit Yaytagon Taung, Construction and leasing of office building and apartments

Myanmar Investment

21 Adventure Myanmar tours & Incentives Co., Ltd. Kyaing Tong Hotel (New) Services Under B.O.T System

Myanmar Investmnet

22 Paradise Cinemas Co., Ltd Construction of cinemas and operation of movies show

Joint Venture

23 Pwint Phyo This Co., Ltd

Construction and Operation of Ye Dagun Taung international Golf Club, Club House and Amusement Park under B.O.T

Myanmar Citizen Investment

24 TYTC Services Co., Ltd Collection and Transportation of Waste Joint Venture

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PwC | January 2017

5. Upcoming Events

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PwC | January 2017

Upcoming Events (January 2017 to November 2017) List

Date Location Name of Event Sector Price Focus Points

26-27 Jan 2017 Yangon Myanmar Oil & Gas Summit

Oil & Gas 150 Conference, Exhibition and Networking for Oil & Gas Industry

21-22 Feb 2017 Yangon Mobile Payments & E Commerce Emerging Markets

Mobile Banking 1999 Conference will cover areas on latest Developments & Emerging opportunities for Mobile Banking and payments in Myanmar.

22-24 Feb 2017 Yangon Third AAPG, EAGE, MGS, Myanmar Oil & Gas Conference

Oil & Gas 995 Cover areas such as Oil & Gas exploration recent developments in Myanmar and bidding.

22-24 Feb 2017 Mandalay BuildTech Mandalay 2016 Construction & Engineering

Free It is a market place for trade professionals and parties interested in construction and engineering businesses.

24-26 Feb 2017 Yangon Myanmar Investment Conference

Agriculture, Energy, Healthcare, Real Estate

400 It serves a great platform to initiate grow businesses in Myanmar.

24-26 Feb 2017 Yangon

Myanmar Infrastructure, Construction and Real Estate Investment Summit

Infrastructure, Real Estate

Free Exhibition

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PwC | January 2017

Upcoming Events (November 2016 to November 2017) List

Date Location Name of Event Sector Price Focus Points

24-26 Feb 2017 Yangon

Myanmar Property Investment Summit and Construction Expo

Real Estate, Finance

TBC

Showcases products of Property Investment, finance, banking and etc in Banking, Insurance & Finance, Building Construction and Real Estate industries.

29 March 2017 Yangon Myanmar Supply Chain Summit

Supply Chain & Logistics

$200

Event to gain knowledge and effective techniques to grow your supply chain, manufacturing, logistics and distribution capabilities in Myanmar.

15 May 2017 Yangon Hospitality & Tourism Conference

Hospitality & Tourism

TBC

Discuss hospitality & tourism sector in Myanmar, and meet with investors and understand the investment and development opportunities in Myanmar.

30-31 May 2017 Yangon

Emerging Asia FinTech & Agent Banking Summit

Finance TBC Discuss on the financial landscape transformation of Myanmar.

6-7 July 2017 Yangon ASEAN Ports & Shipping Ports & Shipping

1268 Will covers areas of logistics & transportation.

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.

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© 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 Seet Senior Executive Director jovi.seet@sg.pwc.com Brandon Lye Director brandon.lye@sg.pwc.com

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