Jun 14, 2017

Dutch businesses keen for deals in Myanmar

A DOZEN Dutch companies took part in the Netherlands’ first trade mission to Myanmar last week, reflecting keen interest to expand business ties.

Dutch ambassador Wouter Jurgens said the mission, from June 7-9, was part of efforts to build on these relations.

Jurgens said the Dutch companies discussed opportunities with Myanmar business people in a range of sectors including agriculture, integrated water management, banking, engineering, port development, furniture, medical care and security printing.

“We are very happy that a lot |of Myanmar companies signed |up for the business-matching |event, even more than what we could handle,” he said in an in-|terview. “Many Dutch companies came here to look for partners. |First, we need to build contact and then proceed to the contract.

“There are many different opportunities in Myanmar, and many different Dutch companies are responding to them. They are eager to come exactly at the right moment. It is a really good opportunity for Dutch companies to link up with Myanmar businesses. Hopefully the contracts will follow soon.”

The ambassador hailed the trade mission as a new chapter in bilateral relations, which started as early as 1947. The Netherlands is the ninth largest foreign investor in Myanmar, with 18 enterprises approved by Myanmar Investment Commission that have brought in US$1.4 billion in initial capital.

Bilateral trade reached US$140 million in fiscal 2016-17, to March 31, official statistics show. Jurgens believes this figure will at least double by 2020.

He said more than 200 Dutch businesses had shown their interest in exploring the Asean market, particularly Myanmar, at a recent Asean business event in The Hague. He said some of Dutch big names - including Shell, Unilever, Heineken and Phillips - have been doing business in Myanmar since its period of isolation, and have a lot of confidence in the opportunities in the country.

“Myanmar is absolutely ready for foreign investment thanks to big efforts made by the government to upgrade their laws and regulations. Dutch companies have a lot of experience in Asia,” Jurgens said. “They know the business climate in general. What they are looking for is some clarity about the regulatory framework.

“The investment law is an important part of that. Now the by-law in implementation is also important. They need to see that their investment is protected in the right way, and that it moves ahead when they are here. We are confident in this [regard], as a lot of steps have been taken.”

According to Jurgens, Dutch firms are looking at different sectors. He considers agriculture the most promising sector, as most Myanmar people still depend on the sector and the Netherlands is the second largest agricultural exporter in the world.

Jurgens also hopes to share the Dutch expertise in water management. Myanmar showed its interest in this area during a visit by Vice President Henry Van Thio in April.

“Although we realise that Myanmar is still not a very easy market, we are confident that we can make a difference with our unique aid and trade approach,” he said.

“I cannot look into the future but I can judge it from the interest that we see. We are looking at very good prospects here.”

Maung Maung Lay, vice president of the Union of Myanmar Federation of Chamber of Commerce and Industry, said Myanmar expected knowledge sharing, technology transfer, credibility and accountability from Dutch businesses.

He urged Dutch businesses to invest in Myanmar, as it made efforts to leap ahead after nearly six decades of isolation.

“The transformation process already started in Myanmar. From caterpillar to butterfly, we will never be a caterpillar again,” he said.

Source: The Nation

SC Auto sets up first overseas S$30 million facility in Myanmar

Bus manufacturer SC Auto announced on Monday (June 12) it is setting up a S$30 million facility in Yangon, Myanmar with support from International Enterprise (IE) Singapore, as it seeks further growth for its business.

The 16,000 square meter facility, slated to begin production in the fourth quarter of 2018, will enable SC Auto to increase its production by four times, allowing it to meet the growing demands of both Myanmar and the region, the company said in a release issued on Monday.

The announcement, which comes on the back of the 6th Singapore-Myanmar Joint Ministerial Working Committee meeting held in Singapore, marks SC Auto's first foray overseas after focusing operations in Singapore for over 20 years, making it the first foreign bus manufacturer in Myanmar.

"Having built a strong foothold in Singapore, we needed to look overseas to continue to grow our business," Mr Tan Siow Chua, chairman of SC Auto, said. "With its demand for public transport, proximity to emerging Southeast Asian countries, as well as availability of land and relatively lower labour costs, Myanmar is the ideal location for our first venture overseas."

The company which has strong operations in Singapore has already been exporting buses to Myanmar. The new in-market manufacturing facility will allow it to be closer to its customers and respond more quickly to their requirements, the company said. It aims to produce over 100 buses in its first year in Myanmar and double its revenue. With the added international operations, manpower hires will increase to 600.

SC Auto will also invest in robotic welding for this facility, yielding greater efficiency in the production process.

IE Singapore, a key partner in SC Auto's journey to develop its internationalisation strategy and operational plans, helped the company navigate Myanmar and familiarise it with the business landscape, understand market regulatory issues and connect with new customers. SC Auto also tapped into IE Singapore's Internationalisation Finance Scheme to support the set-up.

"As the first approved foreign bus manufacturing company in Myanmar, SC Auto has the first mover advantage to address the huge demand in the country," Mr Law Chung Ming, Group Director for Transport & Logistics, IE Singapore, said. "With rapid urbanisation in Southeast Asia, there is a pressing need for transport and logistics solutions to enhance domestic and intra region connectivity. This presents excellent business opportunities for Singapore land transport companies, such as SC Auto, to export reliable land transport solutions and create quality jobs for Singaporeans."

Source: The Strait Times

Jun 8, 2017

Official jade exports exceed $10m

Until May 26 of this fiscal year, the country earned more than US$10.14 million from official exports of 70 tonnes of jade, up more than US$9 million for the same period last year, according to the Trade Department.

Commercial jade mining is found in Lonekhin and Hpakant, ruby mining in Mogok and Monghsu and sapphire and other precious stones in Mogok.

A gem emporium in late March in Nay Pyi Taw earned Ks61.9 million by selling 4,267 uncut gemstones and finished jade. At the exhibition, 195 uncut stone lots and 4,454 jade lots were on sale via an open tender system.

It sold 130 uncut gemstone lots worth Ks6 billion and 4,137 jade lots worth Ks56 billion.

Source: Eleven Weekly Media

Jun 7, 2017

Call for proposals to study the exports of agro-food products from Cambodia, Laos and Myanmar

For more information, please contact evi@myanmar-business.org

Jun 5, 2017

Invitation for open tender (Ministry of Natural Resources and Environmental Conservation):

1) Copper cathode - 1,200 MT
2) Lead ore - 17 MT
3) Silicon ore -120 MT

For more information, please contact evi@myanmar-business.org

Jun 3, 2017

PPKMMK Co. Ltd. looking for trade finance to expand import and distribution for Japanese fish powder

For more information, please contact: +95 9 2539 75229 or email: thmmppkmmk@gmail.com

www.ppkmmk.com

MIRUHA Management Services Co. looking for partners to develop new serviced apartment projects

Please see for info on the company and active project: http://miruha-management-services.blogspot.com/p/blog-page_90.html

for more information, please contact:

Dr. Soe Shwe
Managing Director
MIRUHA Management Services Co., Ltd.
+959253975229

 
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