Oct 24, 2014

International delegation and local businesses to reconvene at 2nd Myanmar Consumer Summit in Yangon next Monday

CMT's 2nd Myanmar Consumer Summit opening in Yangon on 27-28 October 2014, will welcome international delegation and local Myanmar companies vying to tap new opportunities as they share knowledge on the tastes and preferences of the Burmese, especially those related to food consumables that need localization, managing supply chain, the role of local players, impact of the new advertisement policy on consumer market, role of local convenience stores in tapping the vast consumer base and much more.



Themed "Empowering Consumers with Choice in Fast Changing Myanmar", the summit features 2 Panel Discussions:



Accessing the Myanmar Market -

Panelists:

Myint Zaw, President, Professional Marketer, Association of Myanmar

Lester Tan, Managing Director, APB Alliance Brewery Co. Ltd. (Part of the Heineken Company)

Sandeep Kohli, Vice President (Myanmar, Laos & Cambodia), Unilever Myanmar

Bob Travers, Associate Director (ASEAN Supply Network Organisation), Procter & Gamble (P&G)



Opportunities & Challenges for Myanmar's Franchise & Retail Sectors

Panelists:

Han Kyi, Director, Creation Myanmar Co., Ltd.

Daw. Wai Thit Lwin, Managing Director, ABC Convenience Stores

Tony Picon, Managing Director, Colliers International Myanmar

Maung Thet Naing Oo Maverick, Managing Director, Maverick Management Co. Ltd.



Details of the summit can be viewed at the official website. Please contact Ms. Hafizah at hafizah@cmtsp.com.sg or call + 65 6346 9218 for enquiries.

Oct 22, 2014

Myanmar's electricity supplier to go public

Myanmar's Yangon Electricity Supply Board (YESB) said on Sunday that it is planning to transform itself into a listed company for more effective operation.

The YESB will retain 51 percent of the share, while the public will be offered 49 percent, officials said, adding that priority will be given to local partners rather than foreign firms.

Myanmar is striving to meet an increasing electricity demand in the country and has drafted an energy bill aimed at curbing the extraction and sale of natural gas to be reserved for generating electricity.

The bill calls for using natural gas extracted inland and offshore from the 2014-15 fiscal year for electricity generation as part of its efforts to supply power to the whole country within more than two years.

Electricity demand in Myanmar is increasing because of economic growth.

According to latest official statistics, Myanmar's installed capacity from all hydropower sources stands at 4,361 megawatts.

Foreign investment topped the power sector with 19.324 billion U.S. dollars as of August 2014, accounting for 39.11 percent of the total.

Source: Xinhua

Gov't to Reopen Tender for State-Owned Hotels for Private Operation

Myanmar Ministry of Hotels and Tourism said it will reopen tender for leasing four state-owned hotels to private sector for continued business operation in early November after the previous tender winners failed to abide by the agreement of contract signed with the ministry.

As part of its privatisation scheme, Myanmar is also turning some previous government office buildings in Yangon to run as hotels to help boost tourism.

Myanmar saw the opening of over 1,000 hotels, motels and guest houses so far in 2014, making available about 41,000 rooms across the country.

The 2014 figures were up from 731 in 2011 with over 25,000 rooms when the semi-civilian government took office.

Most of the hotels are located in Yangon, the commercial hub of Myanmar, where tourist arrivals continue to increase.

There is a total of 39 foreign-invested hotels and commercial complexes across the country.

Investment by Myanmar nationals in the hotels and tourism sector has reached nearly $690 million, 14 percent of the total investment made by locals, according to official statistics.

The number of tourist arrivals has also seen big increases, reaching 1.06 million in 2012 and 2.04 million in 2013, and 1.6 million in the first seven months of this year.

Myanmar targets 3 million tourist arrivals by the end of this year.

Source: Myanmar Business Today

Pact, Partners Pledge $7m for Financial Inclusion of Myanmar Women

Pact and its partners, Chevron and The Coca-Cola Co and its Foundation, have pledged $7 million to help over 65,000 women in six regions across Myanmar through financial inclusion, health and mobile technology support.

The commitment, announced at 2014 Clinton Global Initiative (CGI) Annual Meeting, builds on two existing projects between Pact and its partners to improve the lives of women, their families and communities in Myanmar.

One of the key challenges to lifting people out of poverty in Myanmar is inadequate access to capital. With an average per capita income of less than $2 per day, more than one in four people live in poverty.

Pact has been active in Myanmar since 1997, improving health care, livelihoods and community development with nearly 4 million people across 11,147 villages.

Pact’s WORTH initiative, a savings-led finance program, has been implemented across four projects in Myanmar. WORTH enables women to build transparent savings and credit groups and empowers them with financial literacy skills and entrepreneurial training needed to start and grow microenterprises.

In 2012, Pact and Coca-Cola implemented a 5by20 project to support women’s economic empowerment and job creation initiatives in Myanmar. The project has already helped improve the incomes of 21,000 women, Pact said. The three-year project aims to empower 24,500 women through training, capacity building, and microenterprise development.

“Projects such as this help people to make their own economic choices and improve their health and their lives,” said Melody Meyer, president, Chevron Asia Pacific Exploration and Production Company.

Pact and Chevron have been partnering in Myanmar for more than 10 years. Through the Sustainable Health and Empowerment (SHINE) program, Pact and Chevron have reached more than 169,000 people in 245 villages with integrated health and livelihoods support. The project facilitates community-led networks, providing them with technical knowledge and training needed to put healthy behaviours into practice.

The new funds will expand the current partnerships in Myanmar and start efforts in two new regions of the country, Pact said. It will also train and equip WORTH groups and community health workers with mobile technology to improve data collection and access to information.

Pact said it is seeking additional partners on the commitment, including those that can help develop mobile technology tools and platforms to provide participants with improved access to education, training, banking and social services.

Source: Myanmar Business Today

Oct 20, 2014

Myanmar to open more oil exploration blocks to investors

Myanmar will release another 15 oil exploration blocks by the end of next year to international investors, on top of the 40 blocks that have been awarded to the likes of Total, Shell and Chevron.

Myanmar is further opening its oil and gas sector to international investors. It will release another 15 oil exploration blocks by the end of next year.

So far, 40 blocks have been awarded to the likes of Total, Shell and Chevron. The number is only half of what is available in the resource-rich nation.

Than Min, Director of Planning Department, Myanma Oil and Gas Enterprise, said: "Our expectations are high to discover more oil and gas. So it will contribute a lot to Myanmar people.
We need to manage revenues from these projects. Then our development programme will be oriented to people development."

But there are concerns about regulation in the sector. Myanmar's Energy Ministry plans to team up with a private company to offer oilfield services. But there are fears this could squeeze the smaller players.

Kyaw Kyaw Hlaing, Chairman of Myanmar Oil & Gas Services Society, said: "We welcome it but everybody must be on a level playing field. They should compete together with the other service companies. They shouldn't, as a regulator, take advantage and tell the oil companies that you must give it to this joint venture company. This is the concern from the local service companies and service companies overseas, also."

London-based advocacy group, Global Witness, added there needs to be more transparency. At present, some 20 firms have refused to disclose their ownership details. But for now, that is not bothering the locals.

"For me, my concern is more about how you earn the money. If your money earning is right, I don't really care who is behind this company," said Kyaw Kyaw Hlaing, Chairman of Myanmar Oil & Gas Services Society.

The problem is that foreign investors may care. At an oil and gas conference in Yangon, many of the exhibitors from over 20 countries and regions such as Singapore, Australia and the UK said they do not have operations or business transactions in Myanmar.

But they are keen to enter the oil and gas market as it continues to liberalise. And that is no surprise, given how this sector has attracted the second largest foreign investments in Myanmar, amounting to over US$15 billion as of August this year.

That contributes to about 30 percent of Myanmar's total foreign investments. The plan now is to pump the money back into the economy. Myanmar says it will first focus its policy on servicing the domestic market, rather than exports.

Source: Channel News Asia

Oil & Gas Myanmar 2014 Cements Position as Key Event for Myanmar’s Oil and Gas Industry

Yangon, 20 October 2014 – State officials, industry associations, and trade professionals from Myanmar’s oil and gas community gathered at the Myanmar Convention Centre (MCC) over the last three days to attend the inaugural edition of Oil & Gas Myanmar. As the largest trade event of its kind in Myanmar, the event aims to be a source of international support and expertise, and trusted knowledge base for the sustained development of the country’s oil and gas industry.



Local industry professionals were given immediate access to a myriad of international oil and gas suppliers and service providers brought together conveniently under one roof at the MCC. In total, Oil & Gas Myanmar 2014 saw more than 2300 attendees, comprising special guests, conference delegates, trade visitors and members of the press that attended the event.



The event, which concluded last Friday, marks the beginning of the next phase of transformation for the country’s oil and gas industry. “The Ministry of Energy would need to transform our economic approach, our mindset and our organisation structure to be in line with the state’s economic policy. Our first move is to transform our capabilities through collaboration with foreign technical and financial expertise. By this process, we can achieve the technology competency and development of our own human resources,” says U Than Min, Director of Planning at Myanma Oil & Gas Enterprise (MOGE).



On the exhibition, he comments, “The products and services at Oil & Gas Myanmar are very interesting and relevant to the industry. I hope all participants will gain much knowledge and deepen their understanding through interactions with the local and international exhibitors at the show.”



“The event is a showcase of products, equipment and services necessary for the further development and long term industry sustainability. This includes suppliers and service providers for each sector of the oil and gas value chain including exploration, offshore, production, transportation, refining and storage. As a result, we have created a unique business platform where the local industry will benefit from an expanding supply chain of support services,” says Mr. Stephen Tan, Chief Executive of organiser, Singapore Exhibition Services.



“We hope that through Oil & Gas Myanmar, we will begin to see a more robust and healthy eco-system for the fast developing oil and gas industry in Myanmar, and for the show to be a platform for local industry professionals to source and share knowledge,” he adds.



Visitors to Oil & Gas Myanmar lauded the event’s aim to kick-start the entry of international support services into the local oil and gas industry. Many visitors were thrilled to be able to tap the expertise and form business relationships with international exhibitors with such ease.

RedLink Group of Companies, a Myanmar conglomerate with a diverse business range including trade and logistics for oil and gas industry needs as well as supply of communication and satellite technology connecting international energy companies in Myanmar with their international headquarters, visited the Oil & Gas Myanmar 2014. Ms. Khin Ei Ei, Executive Director of RedLink Group of Companies commented, “We have been supplying equipment to the oil and gas industry in Myanmar since 2007. It has always been a challenge to get in touch with international suppliers as we could only communicate via email. With the entry of Oil & Gas Myanmar, it is great to have all the suppliers in Myanmar, and we are able to speak to them face to face. It is a great place to form business relationships with potential international partners.”

U Khin Maung Gyi, Advisor at PTTEP International Limited who visited Oil & Gas Myanmar on two days comments on his experience at the show, “There are many interesting companies at Oil & Gas Myanmar. As a Geo scientist, I am particularly interested in 2D and 3D seismic technology. There are many international exhibitors and this provides great exposure for local professionals and we can learn a lot from them.”



U Aung Naing Soe, Operation Director at Family Win Ltd, a logistics company that provides transport services along Myanmar’s inland and coastal areas servicing the oil and gas industry, comments on the show, “I found new technology at Oil & Gas Myanmar that I have never seen before, such as gas detectors that I find very interesting and useful. I am considering installing them on our ships. Previously it was a lot harder to source for new equipment and technology, therefore is it great that the international exhibitors bring their expertise to Myanmar through this show. I will definitely be back next year!”



Exhibitors alike welcomed the staging of Oil & Gas Myanmar as a much needed avenue for international entry into Myanmar’s oil and gas industry.



Mr. Heoh Chin-Fah, Business Development Director for Asia Pacific, Interica Ltd comments, “Oil & Gas Myanmar 2014 has certainly raised the bar for the oil and gas industry in Myanmar. The show has brought together an international exchange of ideas, opportunities and relationships, and matching the nascent industry requirements and expectations with international companies of the highest standards. This can only continue to benefit Myanmar as a whole, and the betterment of the oil and gas industry.”



Echoing his sentiments, Mr. Chris Winn, Director, Premier Coatings said, “Exhibiting at Oil & Gas Myanmar 2014 was a very important first step into the Myanmar market for us. The exhibition not only afforded us the opportunity to make many new contacts and potential business partners, but through networking, gave us a most important insight into what we hope will become a key export market for our company in the future.”



The next edition of Oil & Gas Myanmar will be held from 14 – 16 October 2015 at the Myanmar Event Park, Yangon. For more information, please visit www.ogmyanmar.com.





***



Photo Credit: Singapore Exhibition Services



Event at a glance:




Show:


Oil & Gas Myanmar 2014

The Oil & Gas Exploration, Production and Refining Exhibition




Date:


15 – 17 October 2014, Wednesday to Friday




Venue:


Myanmar Convention Centre, Yangon




Opening hours:


0900hrs – 1700hrs daily




Admission:


Business and trade professionals only




Website:


www.OGMyanmar.com




About Singapore Exhibition Services

Set up in 1976, Singapore Exhibition Services has established itself as one of the most innovative and respected exhibition and conference organisers in Asia. A pioneer in the Singapore exhibition industry, its events have served as important platforms for companies aiming to forge new business contacts in Asia. With a portfolio of international tradeshows already serving the Communications, Engineering, Machinery and Lifestyle industries, the company continues to develop new events to meet market needs. Singapore Exhibition Services’s events consistently attract a high level of overseas participation with foreign exhibitors accounting for almost 80% of the show floor. The company is a member of Allworld Exhibitions Alliance, a global network with over 50 offices worldwide. www.sesallworld.com.



Media Contact:






Myanmar

Nyein Nyein Aye

Assistant General Manager

Information Matrix, on behalf of Singapore Exhibition Services

Mobile: +95 9 430 39616

Office: +95 1 512887

Email: nyeinnyeinaye@gmail.com




Singapore

Patricia Yee
PR Executive
Singapore Exhibition Services
Tel: +65 6233 6637
Email: patricia.yee@sesallworld.com



Oct 19, 2014

Thai firm secures solar plant development in Myanmar

Green Earth Power (Thailand) has signed a memorandum of agreement with the Myanmar Ministry of Electric Power (MOEP) to formalise the development of a 220-megawatt solar power plant in Minbu, in that country's Magway Region.
The signing ceremony, held on Thursday at the Grand Amara Hotel in Nay Pyi Taw, marked an important milestone for the Myanmar power sector, with several cabinet ministers, deputy ministers and government officials present along with company officials from GEP.

Speaking at the ceremony, Electric Power Minister Khin Maung Soe fully affirmed the efforts previously made by both parties and wished for the continued cooperation for the successful implementation of the solar plant.

Aung Thiha, executive director of GEP, said Myanmar could become a major player in the development of renewable energy, and large-scale solar projects such as the one in Minbu were a testament to GEP's confidence in the Myanmar government and presented one of the first opportunities to make use of that country's vast potential in sustainable energy sources.

"Solar power is a solution to Myanmar's immediate and long-term power needs," he said. "It is quick to build solar power plants and we do not have to rely on the supply of fossil fuels or be subject to [their] price fluctuations. While we wait for the gas supply and for public opposition [to coal] to be resolved, we can fill the power-shortage gap with renewables.

"We have made significant progress since our MoU last year, and have completed all the preliminary work and site acquisition. We are finalising our discussions with our EPC [engineering, procurement and construction] contractor and project lenders and will be ready to implement [the project] soon."

Supasit Pokinjaruras, managing director of GEP, said all the company's hard work over the past 18 months had come to fruition.

GEP signed the memorandum of understanding for the project in May last year, and only after presenting its findings under a feasibility study and environmental impact assessment, along with extensive technical discussions with the Ministry of Electric Power (MOEP), was the MoU formalised as a firm commitment by both parties to develop the project.

The Minbu project is on a single 344-hectare (2,150 rai) site 200 kilometres west of Nay Pyi Taw. The project is due to begin construction in the first quarter of next year, with the first phase of 50MW to come online a year later. The solar power plant is to be built in four phases over 30 months with a total investment of US$350 million (Bt11.3 billion).

The solar power plant will be connected to the new 230-kilovolt transmission line that is being constructed by the MOEP, which will be the off-taker under a 30-year power purchase agreement.

"The Minbu project is to be one of the largest solar photovoltaic power plants and will create an estimated 700 jobs during its construction," Supasit said. "This project will stimulate the local economy and provide new opportunities to many people."

Formed in 2010, GEP is a Thailand-based company that develops and operates solar power projects throughout the Asean region and Japan. GEP is privately owned and has plans to list on the Stock Exchange of Thailand in the next two to three years.

Source: The Nation

 
Copyright