Sep 18, 2014

Twelve Firms to Vie to Become Developers for Kyaukphyu SEZ

A total of 12 local and foreign companies will compete for three spots as developers for the Kyaukpyu Special Economic Zone (SEZ) in Myanmar’s western Rakhine State, an official of the project tender valuation panel said.

U Ba Shwe, a member of the Committee of Bid Invitation and Selection for the Kyaukpyu SEZ Project, said the 12 companies were short-listed from 61 firms which officially submitted expression of interest (EOI) in August for the development of the SEZ.

The initial phase of the Kyaukpyu SEZ development project, covering an area of 1,620 hectares, will have three components, a deep-sea port, an industrial park and an integrated residential area, he said.

The tender process will last from September 15 to November 10, he said.

If the winning companies are international ones, they are set to form joint ventures with local companies for the undertakings, he added.

According to the committee, the Kyaukpyu SEZ project will be implemented in three phases with the first from 2014 to 2016, while the second from 2017 to 2020 and the third from 2021 to 2025.

The SEZ administration chose earlier a Singapore-based consortium, led by CPG Consultancy Ltd, to draw up a master project plan for the Kyaukpyu SEZ.

The CPG serves as the key advisor for choosing and inviting international developers to the Kyaukpyu SEZ under an agreement signed with the Committee of Bid Invitation and Selection for the Kyaukpyu SEZ Project.

Source: Myanmar Business Times

Manufacturing Myanmar 2014 – Driving Myanmar’s Manufacturing Scene with International Technologies

Yangon, 18 September 2014 – Investment in technology to lift manufacturing standards is critical in keeping Myanmar competitive in the international arena. The inaugural edition of Manufacturing Myanmar will deliver a presentation of manufacturing solutions from well-known international brand names to the manufacturing community in Myanmar, providing a valuable platform for the sourcing of the necessary automation needed to boost capabilities, and increase output of Myanmar’s manufacturing industry.

Held at the Myanmar Convention Centre in Yangon, from 2 – 4 October, more than 85 exhibitors from 16 countries/regions will showcase a wide selection of new to Myanmar manufacturing solutions that are best suited to help increase productivity and open up new avenues of business for the budding manufacturing sector. Technologies on showcase will include metalcutting and metalforming machines, test and measurement equipment, tooling systems, and supporting equipment such as air compressors, welding equipment and labelling systems. Notable brand names that will feature at the event are Brother, Masima, Carl Zeiss, GF Machining Solutions, Guehring, Haimer, Nikon, Olympus, TRUMPF, Tungaloy, Wenzel, and YG-1 among many others.

“Manufacturing Myanmar is a great opportunity for manufacturers in Myanmar to learn more about technology and tools available to them in the international market. The emergence of the local manufacturing industry is critical to Myanmar’s economy, and local businesses need to step up in order for the sector to realise its full potential. The adoption of technology to automate production processes is undoubtedly a step in the right direction,” says Mr. U Aye Tun, Vice President of Myanmar Industries Association.

“Myanmar is a very favourable location for international manufacturing services, and I am glad there is a show like Manufacturing Myanmar to set an international benchmark and provide valuable exposure to the machinery needed to help level-up capabilities of local manufacturers and make Myanmar an attractive location for international companies to set up production operations,” he adds.

Mr. William Lim, Project Director for Machinery Events, from organiser Singapore Exhibition Services says, “Over 90 per cent of our exhibitors are from overseas, and they are very thrilled to present their products to the manufacturing community in Myanmar. This will be the first time many of them have ventured into Myanmar, and are certainly looking forward to sharing their knowledge and introducing the right kind of tools and machines that will add value to the operations of local manufacturers.”

Technology on show at Manufacturing Myanmar 2014
Showcasing their series of CNC Lathe Machines, Mr. Kevin Chua, Managing Director of Asia Masima, says, “With the expansion of industries in Myanmar, we foresee many opportunities where we can introduce the right solutions to the local industry. Minimal investment is required to integrate our machines with current operations, and with our suite of innovative solutions and on-site application support, we will be able to provide value added services to companies in Myanmar. Manufacturing Myanmar 2014 is an ideal opportunity to position Asia Masima for the coming year ahead.”

Similarly, Benign Enterprise, a worldwide supplier of machine tools and manufacturing equipment such as lathes, milling machines, drilling machines, grinders, bandsaws, woodworking equipment, and machine tool accessories among others, is looking forward to introducing their solutions to the Myanmar market. The company’s General Manager, Mr. David Wu says, “Myanmar is a developing country that has great potential to further grow its manufacturing sector. Our machines can be applied across a wide range of manufacturing processes, and can be used to make all kinds of products. Our machines are not only high in quality and efficient, but also very cost competitive. This makes it easy for manufacturers in Myanmar to integrate our machines to increase efficiency of their current operations and improve quality of their products.”

-End-
Manufacturing Myanmar 2014 at a glance:
Exhibition: Manufacturing Myanmar 2014
Venue: Myanmar Convention Centre (MCC)
Date: 2 - 4 October 2014 (Thursday to Saturday)
Time: 0900hrs – 1700hrs
Website: www.manufacturingmyanmar.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, Singapore Exhibition Services’s 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. Its events consistently attract a high level of overseas participation with foreign exhibitors accounting for almost 80 per cent of the show floor. The company is a member of Allworld Exhibitions Alliance, a global network with over 50 offices worldwide. For more information, please visit www.sesallworld.com.

Media Contact:

Myanmar

Nyein Nyein Aye
Marketing 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


Oil & Gas Myanmar to Develop Supply Chain for Local Oil and Gas Eco-System

Singapore, 16 September 2014 – The inaugural edition of Oil & Gas Myanmar is aiming to be a key driver in establishing a holistic supply chain of equipment and services for the burgeoning oil and gas industry in Myanmar.

The exhibition, held from 15 – 17 Oct 2014, will feature more than 100 exhibitors from 22 countries/regions covering products and expertise catering to the upstream, midstream and downstream sectors of the industry.

“Myanmar opening the industry to international energy companies, has triggered a growing demand for the correct equipment and capabilities in this field. With much of this expertise residing outside the shores of Myanmar, Oil & Gas Myanmar has gathered a host of internationally known industry names introducing the necessary equipment and services for each sector of the oil and gas value chain,” says Mr. Chua Buck Cheng, Project Director for Engineering Events, of organiser Singapore Exhibition Services.

With the majority of the oil and gas industry in Myanmar currently focused on upstream activities, Oil & Gas Myanmar has pooled together exhibitors to meet this demand; they include well-known industry names such as 3D-GEO, Downhole Products, Fluid Inclusion, Lonestar Triplefast, Sensitron Singapore and Technics Offshore Engineering.

Together, these exhibitors will showcase a range of upstream products and services including geophysical products and services, geological studies and consulting, modern technologies of drilling, offshore and onshore field exploitation, seismic data acquisition and surveying among many others.

One of the earlier entrants to Myanmar in the late 1980’s, exhibitor 3D-GEO is an Australian based geoscience and petroleum engineering consultancy with earth modelling experience throughout the Australia and Asia region.
On their participation at Oil & Gas Myanmar 2014, Mr. Keven Asquith, CEO and Exploration Specialist at 3D-GEO comments, “3D-GEO will be showcasing our experience and expertise in seismic processing, geotechnical 3D modelling and reservoir engineering in the Australia and Asia region. Having worked with many of the international energy companies currently exploring in Myanmar, we can certainly assist petroleum explorers in Myanmar by improving their seismic data quality and geotechnical evaluation workflows to optimise basin-wide and prospect evaluations. We hope to refresh our knowledge of Myanmar and collaborate with the Myanmar Oil and Gas Enterprise (MOGE) and local industry partners to tackle the challenges of exploring and developing petroleum resources in this beautiful country.”
Mr. Peter Pratabh, Business Development Manager of Downhole Products says, “As more and more clients are becoming aware of the need for quality wells, which require good centralizer’s and float equipment, there has been a growing demand in Myanmar for Downhole Products equipment. We are very optimistic about the current oil and gas industry in Myanmar and are looking forward to further development of its upstream sector.”
“By participating at the Oil & Gas Myanmar 2014 we are able to physically show the actual products and its advantages to all parties. It also provides a platform for us to engage with local professionals and executives from related sectors, and show our commitment in servicing Myanmar’s oil and gas requirements,” he adds.
Not to be outdone, well-established local oil and gas services companies Parami Energy and Smart Technical, along with Myanmar Oil and Gas Enterprise (MOGE) will make up the local presence at Oil & Gas Myanmar 2014.
***

Exhibition at a glance:
Show: Oil & Gas Myanmar 2014
The Oil & Gas Exploration, Production and Refining Exhibition
Date: 15 – 17 October 2014 (Wednesday – 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 (SES) has established itself as one of the most innovative and respected exhibition and conference organisers in Asia. A pioneer in the Singapore exhibition industry, SES 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, SES continues to develop new events to meet market needs. SES events consistently attract a high level of overseas participation with foreign exhibitors accounting for almost 80% of the show floor. SES is a member of Allworld Exhibitions Alliance, a global network with over 50 offices worldwide. www.sesallworld.com.

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

Sep 12, 2014

Myanmar Can Grow 9.8 Percent per Year: ADB

Myanmar has the potential to grow almost 10 percent per year if the country can maintain stability, invest in key sectors and stay connected to the rest of the world, the Asian Development Bank (ADB) said.

The Manila-based lender said the sweeping reforms in the Southeast Asian country require “substantial investment,” especially in the areas of education and infrastructure.

“The country at full potential can grow 9.8 percent per year,” said ADB assistant chief economist Dr Cyn-Young Park at a press conference, where ADB presented a report, Myanmar: Unlocking the Potential, on the current state of the Myanmar economy and its potential for growth.

“One Percent [GDP] growth can come from investment in education.”

Although public spending on education as a percentage of GDP has more than doubled since 2011, Myanmar still spends the least amount of money on education in Southeast Asia, according to the report.

The report mentions a “void” in skilled workers due to past neglect in health and education investment.

The inadequately educated workforce, along with the lack of access to financing, policy instability and corruption are the four most problematic factors for doing business in Myanmar, according to a World Economic Forum report.

Park said: “These are areas that the government is already working on, but needs to accelerate reform.”

Winfried Wicklein, country director for the ADB, said that the government has already signalled significant reforms, citing the issuing of telecom licences as evidence of the government’s commitment to opening the country.

The ADB report also outlines several strategies for increasing government revenue streams.

The report states, “The tax structure must be simplified and exemptions reduced. The current system is extremely complicated and this, together with low capacity in tax administration, means the tax that individuals and businesses actually pay is often arbitrary.”

Some reforms can be implemented in the short term without passing legislation, such as correcting leakages in the tax system, said Park.

Some of the recommendations would require new laws to be passed, such as the implementation of a value added tax. This could be done smoothly, said Park, as VAT is “relatively easy” for tax collection and covers a broad tax base. However, he conceded that VAT can negatively affect income distribution, and that some items would need to be excluded from the VAT.

One bright point in Myanmar’s economic future is the potential for the tourism industry. According to previous ADB and Myanmar Ministry of Hotels and Tourism forecasts, tourists visiting Myanmar would increase up to 700 percent between 2012 and 2020.

However, “The country is already bypassing the high growth scenario,” said Park, implying that a lot of infrastructure building is required to accommodate tourism development.

Wicklein said the ADB is currently financing 80 kilometres (50 miles) of an upgrade to the East-West Economic Corridor, planned to stretch from Mawlamyine to Da Nang in Vietnam, along with other projects in the areas of energy and community development.

Source: Myanmar Business Today

Sep 11, 2014

Vietnamese Investors to Pour in $1.5b in Myanmar

The Association of Vietnamese Investors in Myanmar (AVIM) hopes to raise its investment in Myanmar to $1.5 billion by 2015 in making Vietnam one of the five largest foreign investors in that country.

AVIM chairman Tran Bac Ha unveiled the target at a meeting with Speaker of Union of Myanmar Assembly Thura U Shwe Mann in Hanoi, Vietnam News Agency (VNA) reports.

Ha said businesses will work to help enhance two-way trade to $650 million to $700 million, and the number of Vietnamese tourists to Myanmar to 35,000 in the future.

AVIM representatives proposed that Myanmar’s government and parliament develop an “open-door” legal system and improve investment incentives for foreign investors.

They emphasised the need to have agreements on encouraging and protecting investment, and issuance of regulations on ownership of investment assets for Vietnamese firms n Myanmar.

The association hoped Myanmar will accelerate the licensing process for Vietnamese projects in the fields of textile, agriculture, health care, energy, construction material production, finance and banking.

Thura U Shwe Mann said Myanmar is learning from the experiences of other countries to improve its legal framework and to simplify administrative formalities to attract more foreign investment to the country.

Mann called on AVIM to continue acting as a bridge to bring more Vietnamese investment to Myanmar particularly in agriculture, hotel, tourism, finance and banking, and to contribute to deepening bilateral relations between both countries.

Established under an initiative by the Bank for Investment and Development of Vietnam (BIDV), AVIM comprises 76 members including PetroVietnam, Vietnam Airlines, Hoang Anh Gia Lai Group and Song Da Corporation.

At present, Vietnamese investors have seven projects worth $600 million in Myanmar with the biggest being Hoang Anh Gia Lai Group’s complex of hotels, apartments and offices worth $440 million.

Fifty-six Vietnamese businesses have been licensed to operate in Myanmar so far, according to Myanmar Investment Commssion (MIC) data.

Source: Myanmar Business Today

Mandalay Airport to Become Logistics Hub

Mandalay International Airport will be upgraded into a logistics hub, according to the Department of Civic Aviation (DCA).

The upgrade is expected to improve the airport so that it can provide cargo and distribution services for international and domestic goods.

“First, the airport buildings and terminals will be upgraded. This will be followed by preparation efforts to provide cargo service,” said U Win Swe Tun, director general at DCA.

Mitsubishi-Jalux, a Japanese firm, along with its Myanmar partner, SPA Project Management, has been awarded the tender to upgrade and operate the airport for a 30-year term.

“We have sent the proposal for the project to the Myanmar Investment Commission. We are sure it will be approved within the year,” U Win Swe Tun said.

The total area of Mandalay International Airport is 17,544 acres, while 3,682 acres are covered by runways and buildings. After the upgrade, the airport will have the capacity to serve 3.5 million passengers annually. According to DCA, the project is expected to cost K10 billion ($10.3 million).

The department plans to conduct upgrades to seven of Myanmar’s airports in the 2014-15 fiscal year. This includes Thandwe Airport in Rakhine state, Tachileik Airport, Naung Mon and Maisat Airports in Shan state, Loikaw Airport in Kayah state, Kalay Airport in Sagaing region and Koe Koe Island Airport in Yangon region.

Source: Myanmar Business Today

Sep 8, 2014

Taiwanese Association Eyes Almost Half-a-Billion Dollar Myanmar Industrial Park

The Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) said it will spend about $468.39 million (NT$ 14 billion) to develop an industrial park in Myanmar’s southern Ayeyarwady region in a bid to tap the lucrative growth potential of the recently opened country.

According to industry insiders, TEEMA has already signed a letter of intent with its local counterpart to solicit 1,400 hectares of land from the Myanmar government, according Taiwanese media reports.

The association has also commissioned Taiwan-based Sinotech Engineering Consultants Inc, a corporate consultant, to assess the feasibility of the project.

At a meeting with Taiwan’s Chinese National Association of Industry and Commerce, Economics Minister Woody Duh confirmed TEEMA’s project and said that the protection of Taiwanese investment in Myanmar is expected to see significant progress in the next two months, CENS reported.

Guo Tai-chiang, chairman of both TEEMA and the Cheng Uei Precision Industry Co, a leading contract maker of electrical connectors and adaptors, said that Japan and Korea are the most active countries in encouraging their firms to invest in Myanmar.

He said the Japanese government provides preferential financing aid, in association with local banks, to Japanese firms developing business in Myanmar.

Once the planned industrial park is in operation, Guo said, a thorough supply chain will likely be built, making it easier for Taiwanese firms it to explore the Myanmar market. This is especially significant given Taiwan’s lack of membership in the Association of Southeast Asian Nations and the stalemate over the signing of a cross-strait agreement on trade in goods and services with China.

Guo said investment in Myanmar can be a good alternative to investment in China and Vietnam, as labour shortages and the recent anti-China rioting have aroused concerns among overseas Taiwanese firms operating in those countries.

Cheng Uei’s subsidiary, Foxlink, will see the Taiwanese migration into the planned industrial park by setting up a fossil-fuel power station there to help alleviate Myanmar’s power shortages.

Source: Myanmar Business Today

 
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