mmbiztoday.com January 30-February 5, 2014 | Vol 2, Issue 5 MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL Myanmar Summary Contd. P 6...Ī,0)ī IMF Raises Myanmar’s GDP Forecast, :DUQV RQ ,QÀDWLRQ Says economic outlook remains favourable; praises reforms Phyu Thit Lwin T KH ,QWHUQDWLRQDO 0RQH WDU\ )XQG ,0) ODVW ZHHN VDLG 0\DQPDU¶V HFRQRP\ LV VHW WR JURZ SHUFHQW GXULQJ WKH FXUUHQW ¿VFDO \HDU DQG SHUFHQW LQ WKH QH[W EDQNLQJ RQ UDSLG JURZWK LQ WKH VHUYLFHV DQG PDQXIDFWXULQJ LQGXVWU\ The Paris-based lender ear- OLHU SUHGLFWHG 0\DQPDU ZRXOG JURZ SHUFHQW WKLV ¿VFDO ZKLFK HQGV LQ 0DUFK +RZHYHU the Fund warned about the out- ORRN IRU LQÀDWLRQ ZKLFK VKRXOG H[FHHG SHUFHQW LQ WKH FXUUHQW ¿VFDO ³7KH FXUUHQW HFRQRPLF RXW ORRN LV IDYRXUDEOH´ WKH ,0)¶V WHDP OHDGHU IRU 0\DQPDU 0DWW 'DYLHV VDLG DW D SUHVV FRQIHU HQFH DIWHU FRQFOXGLQJ D YLVLW LQ WKH FRXQWU\ GXULQJ -DQXDU\ IRU WKH VHFRQG DQG ¿QDO UH YLHZ RI WKH )XQG¶V 6WD 0RQL WRUHG 3URJUDP 603 IRU +H VDLG RFLDOV KDG DFKLHYHG DOO WKH JRDOV ,0) KDG VHW VXFK as liberalising the foreign ex- FKDQJH PDUNHW DQG EXLOGLQJ XS WKH FHQWUDO EDQN¶V UHVHUYHV ³0\DQPDU LV XQGHUJRLQJ DQ H[FLWLQJ WUDQVLWLRQ 7KH DXWKRU Contd. P 6...Ī,0)ī Lowest fare only @ airasia.com Find more @ ask AskAirAsia.com f Facebook/AirAsia And Our Authorized Agents: Sun Far Travel 01-243993, 02-74333, 01-255338 Seven Diamond Travels 01-203549, 02-72868, 01-500712 Than Than Travel 01-704190, 09-5007350, 01-255035 Columbus Travel & Tours 01-229245, 378535, 09-250026030 Nice Fare Travel 01-393088, 02-30833, 01-384274 UA Ticketing/Tour 09-5402525, 02-22311, 067-8420031 as well as other authorized AirAsia agents across Myanmar *Airport taxes and fees apply. Promotion seats are limited and may not be available on all flights, public holidays, school breaks and weekends. A payment processing fee is applicable to all payments made via credit, debit or charge cards. Our other terms and conditions of carriage apply. Yangon : G Floor, Park Royal Hotel Yangon AirAsia Travel & Service Centre 01 251885-6 Mandalay : Room 3, 26th (B) Road, between 78th and 79th Road, Mandalay 09 42 111 7111 And many more destinations in Malaysia Travel more this year! Fly direct from Yangon (2x Daily) Kuala Lumpur 23 USD* Booking Period: 27 January - 2 February 2014 Travel Period: 27 January - 25 May 2014 Alor Setar Bintulu Johor Bahru Labuan Kota Kinabalu Sibu Kota Bharu Kuching Langkawi Miri Penang Kuala Terengganu Sandakan Tawau tjynf jynf qd k if &maiG aMu;&ef yH k aiG tzG J U rSvG ef cJh onf h tywf u ajymMum;csuf t& jrefrmEdkifiH\pD;yG m;a&;onf ,ckvuf&Sd b@ma&;ES pf wG if 7.5 &mcd k if EI ef ;wd k ;wuf vmrnf jzpf NyD ; vmrnf h b@ma&;ES pf wG if 7.75 &mcd k if EI ef ;txdwd k;wuf vmrnf [k ajymMum;cJh NyD ; bPf vk yf ief ;0ef aqmif rIrsm;ESifh pufrIukefxkwfvkyfrIrsm;vnf; wdk;wufvmrnf[k ajymMum;cJhonf/ yJ&pftajcpdkuf tjynfjynfqdkif&maiG aMu;&efyHkaiGtzGJUBuD;rS ,ckb@ma&; ESpfwGif jrefrmEdkifiH\ pD;yGm;a&;wdk;wuf rIEIef;tm; 6.75 &mcdkifEIef;&Sdrnf[k ,cifu cefYrSef;cJhonf/ odkYaomfvnf; aiGaMu;azmif;yGrIEIef;xm;tay: owd ay;cJhNyD; ,ckvuf&dSb@ma&;ESpfwGif aiGaMu;azmif;yGrIrSm 6 &mcdkifEIef;udk ausmfvGefvmrnf[k owday;ajymMum; cJ h onf /,ck vuf &SdpD ;yG m;a&;½I jrif oH k ;oyf csufrS m tvGefaumif;rGefonfhtae txm;wG if &Sd aeaMumif ; tjynf jynf qd k if &maiGaMu;&efyHkaiGtzGJUrS jrefrmEdkifiHa&; &mtwGuf tBuD;tuJwpfOD;jzpfol Matt Davies u owif ;pm&S if ;vif ;yGJ wpfckwGif ajymMum;cJhonf/ Matt Davies onf Zefe0g&Dv 9 &ufaeYrS 21 &ufaeYtxd jrefrm President Warns of Possible Sanctions if Two Laws Not Enacted Shein Thu Aung P UHVLGHQW 8 7KHLQ 6HLQ KDV said in his message to the Union Parliament speak- HU WKDW 0\DQPDU PD\ IDFH ¿ QDQFLDO DQG HFRQRPLF VDQFWLRQV if the Anti-terrorism Law and $QWL0RQH\ /DXQGHULQJ /DZ DUH QRW HQDFWHG LQ WKH ¿UVW ZHHN RI )HEUXDU\ EHIRUH WKH XSFRP LQJ PHHWLQJ RI )$7) )LQDQFLDO $FWLRQ 7DVN )RUFH LQ 3DULV The FATF is an intergovern- PHQWDO RUJDQLVDWLRQ ZKLFK GH YHORSV SROLFLHV IRU DQWLPRQH\ ODXQGHULQJ DQG FRPEDWLQJ WKH ¿QDQFLQJ RI WHUURULVP $0/ CFT). The group maintains a EODFNOLVW LGHQWLI\LQJ FRXQWULHV ZLWK GH¿FLHQFLHV WKDW SRVH D ULVN WR WKH LQWHUQDWLRQDO ¿QDQ FLDO V\VWHP The FATF meeting from Feb- ruary 10 to 14 in Paris will in- FOXGH D GLVFXVVLRQ RQ 0\DQPDU The two bills were sent to par- liament on January 7. The anti- terrorism bill was submitted to parliament on January 20 by WKH GHSXW\ +RPH $DLUV PLQ LVWHU %ULJDGLHU *HQHUDO .\DZ .\DZ +WXQ He told the parliament that it LV YLWDO WR FRQWURO DQG FRPEDW Contd. P 20...Ī3UHVLGHQWī People work at a garment factory of Hlaingtharyar Industrial Zone in Yangon. The International Monetary Fund (IMF) said last ZHHN 0\DQPDUɗV *'3 LV VHW WR JURZ SHUFHQW LQ WKH QH[W ˃VFDO \HDU ULGLQJ RQ VWURQJ PDQXIDFWXULQJ DQG VHUYLFHV JURZWK U Aung/Xinhua
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January 30-February 5, 2014Myanmar Business Today
mmbiztoday.com
mmbiztoday.com January 30-February 5, 2014 | Vol 2, Issue 5MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL
Myanmar Summary
Contd. P 6...
IMF Raises Myanmar’s GDP Forecast,
Says economic outlook remains favourable; praises reforms
Phyu Thit Lwin
T
The Paris-based lender ear-
the Fund warned about the out-
as liberalising the foreign ex-
Contd. P 6...
Lowest fare only @ airasia.comFind more @ ask AskAirAsia.com f Facebook/AirAsia
And Our Authorized Agents: Sun Far Travel 01-243993, 02-74333, 01-255338 Seven Diamond Travels 01-203549, 02-72868, 01-500712 Than Than Travel 01-704190, 09-5007350, 01-255035Columbus Travel & Tours 01-229245, 378535, 09-250026030 Nice Fare Travel 01-393088, 02-30833, 01-384274 UA Ticketing/Tour 09-5402525, 02-22311, 067-8420031
as well as other authorized AirAsia agents across Myanmar
*Airport taxes and fees apply. Promotion seats are limited and may not be available on all flights, public holidays, school breaks and weekends. A payment processing fee is applicable to all payments made via credit, debit or charge cards.Our other terms and conditions of carriage apply.
Yangon : G Floor, Park Royal Hotel YangonAirAsia Travel & Service Centre
Top 12 Airlines at Yangon Airport Weekly one-way seat capacity
Source: Innovata
New routes in 2013
- 5,000 10,000 15,000 20,000 25,000
Thailand
Myanmar
Singapore
Malaysia
China
South Korea
Japan
Vietnam
Taiwan
Qatar
Hong Kong
India
Top 12 Country Markets at Yangon Airport Weekly one-way seat capacity
Source: Innovata
weekly to daily. On the
ways withdrawing its four
Thailand has managed to maintain its top posi-
been added this year,
desh, although the latter did not make the top 12 ranking.
No.11 position is due to
es, utilising its 172-seat
13 new services
routes) and Nok Air (two)
frequently added domes-
mary international air-port with Dhaka.
ities aim to build on the gains
Davies said.
and there are pressures from
tional reserves are still low and
said.
of international reserves dur-
the budget target, it should fall
Overall reserves still remain above three months of imports
up in FY2014-15 as foreign di-
Singing praiseThe Fund said the authori-
ties made good progress in
been supporting the authori-ties to monitor progress against a small set of quantitative and
and building a framework for
“Looking forward, it is im-
the progress made on the prior-
state banks and it now holds
national reserves, as envisaged
“This progress needs to be
late further reserves to provide
full budgetary autonomy and a strengthened market frame-work in order to implement ef-
but remains low; to enable in-
boosted though broadening the
modernisation will require
modernisation and stressed on having updated regulations and
minimise risks and to limit ad-ditional strain on supervisory
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players such as the Asian De-velopment Bank and AusAID. Prior to joining Devex, he cov-ered Philippine and interna-tional business and economic news, sports and politics. Lean is based in Manila. The article
and has been republished with the publication’s permission.
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January 30-February 5, 2014Myanmar Business Today
mmbiztoday.comINTERNATIONAL BIZ 17
Myanmar Summary
Myanmar Summary
Contd. P 26...
IEA Sees Oil Use Rising As Global Growth Picks Up
Rapid rise in US crude oil production to continue
Lin Noueihed & Christopher Johnson
Global oil demand will in-
-
The International Energy
this year, 50,000 bpd higher
“Global oil demand growth appears to have gradually gained momentum in the last 18
-
the IEA said in its monthly re-port.
have by now largely exited the
in the energy-intensive manu-
-
rise by 780,000 bpd this year, -
troleum Exporting Countries (OPEC) will also have to pump
-mand.
-
OPEC oil this year by 200,000 bpd to 29.4 million bpd.
to a plunge in Libyan exports, at
-rels disappeared from the mar-
reversing four months of de-
and the United Arab Emirates
a modest rise and Iraq was the only member to post a fall.
-ity gained momentum.
shifts was the relentless rise in
990,000 bpd growth, one of the
elsewhere, notably Libya and
from Libya and Iran has helped
limited rises.
$108.70 a barrel last year,
on Tuesday last week traded around $107.
fastest absolute annual supply
said.However, the IEA said the en-
ergy industry had absorbed the
and pipeline expansions and
Demand over the last few months has depleted oil inven-
it said.
plummeted in November by
Reuters
Found in S.African MineA -
mond, one of the rarest
of tens of millions of dollars, has -
-
palm of a hand, was unearthed at the Cullinan mine near Pre-toria.
-ket many in the industry are wondering if they will be able to
opportunity for all of those who
to legally save a fortune in tax-
rate, meaning those in the high-
pension to Gibraltar also avoids -
death tax, meaning your loved -
-
here but intending to retire out-
option of transferring to the -
sey.It will be interesting to see if
-
-
for free between any of the ju-
example, if you were to be based
are not taxed on foreign pen-
ideal to transfer from Gibraltar -
tion agreement between the two Euro members would be very
-
this move for free.
they may bring to the industry -
pened in Guernsey when vari-
-
-
-ple opt for somewhere like the
-ment side of things out of, but the main point is that there are plenty of options.
-
options available for transfer-
before these options disappear.
legally move their pensions into
this is not likely to last forever.
entering the market is that there is now another option run by a
-
David Mayes MBA provides wealth management servic-es to expatriates throughout Southeast Asia, focusing on UK Pension Transfers. He can be reached at [email protected]. Faramond UK is regulated by the FCA and pro-vides advice on pensions and taxation.
Luke MacG
regor/Reuters
Guernsey tajcpdkuf ConceptGroup onf ,lau\yifpifvpm vTJajymif;ay;a&;aps;uGufodk Y Gibraltar tajcjyKvkyfief;tpDtpOf 2 ckESifhtwl jyefvnf0ifa&mufvmNyDjzpfonf/QROPS aps;uGufwGif Concept onf aps;uGuf O D ; aqmifolwpfOD;vnf; jzpfcJhonf/ QROPS onf qualifying recognised overseas pensions schemes yifjzpf NyD; ,lau&Sd yifpifudpörsm;ESifhywfoufí trSefwu,ftusKd;&Sdvmap&eftwGuf tcGifhtvrf;aumif;rsm;udk axmufyHhay; aeaomvkyfief;wpfckvnf;jzpfonf/
Malaysia Airlines, MAI Sign Code Share DealShein Thu Aung
yanmar Air-ways Interna-
Airlines in a bid to in-
-
19.
-
In a statement last week,
with booking for the ser-
10.The deal also allows
-pore, Langkawi, Bangkok
-
Forging a partnership
-laysia Airlines in prepara-
-
is also our initiative to---
ity markets overseas for
--
sive return fares to Yan-gon starting from $140
travel.-
60 destinations world-wide and a further 800 destinations in more than
-world partners.
Myanmar SummaryR
eute
rsM y a n m a r A i r w a y s
International (MAI) onf Malaysia Airlines ESifh code share oabmwlnDcsufwpfckudk vufrSwfa&;xdk;cJhNyD; &efukefodkY
avaMumi f ;a jy;qG Jr Ir sm ;ud k wdk; jr§ifh jy Kv ky fo Gm ;&ef jzpfum vuf&SdwGif wpfywfvQif 14 BudrfysHoef;ajy;qGJrItm;19 Budrf txdwdk;jr§ifhoGm;rnfjzpfaMumif;od&onf/
tqdkygoabmwlnDcsuftm;vufrSwfa&;xdk;jcif;jzifh MAI \ uGmvmvrfyl-&efukef-uGmvm vrfyl avaMumif;0efaqmifrI rsm;wGif Malaysia Airlines \ code jzif h aqmif&GufvmEdkif rnfjzpfonf/
January 30-February 5, 2014Myanmar Business Today
mmbiztoday.comINVESTMENT & FINANCE 21
Myanmar Summary
Inside: Banking Reform in MyanmarMyanmar is changing for the better, at a fast clip, and the US banks need to recognise these positive changes
Eric Rose & Dr Andrew Lian
the weakest links in the former pariah state, is ex-
-est growth rates in Asia after it allows foreign banks to begin operations in early 2014. The
-
the medium term, and rising,
--
-
have had an extremely low pen-
60 million. This means there is tremendous growth poten-tial that is just beginning to
government has undertaken a number of reforms designed to
-
Bank has stated that the set-
-dependent Central Bank, as
--
al export goods, and doubling
-
Rapid consumer banking growth
been installed, as well as over -
-
---
inghouse established by the
have started to be routinely is-
-anmar has four state-owned banks and nineteen privately-held banks, no foreign banks have been allowed to operate
foreign banks have taken ad--
-eign banks to engage in limited
draft of the new banking law is
Will the US banks adapt to this new marketplace?
-trol (OFAC). On July 11, 2012, OFAC issued Burma General
--
tation and re-exportation of
Burma. OFAC followed GL 16 with GL 19, issued on February
-
Nationals list (two state-owned banks, and two private banks). In other words, to quote OFAC,
-ent relationships with any non-
a result of GL 19, also with the
-ment Bank, Ayeyarwady Bank,
-
Despite this regulatory open-ness, it appears that many
-
read, or understood, the OFAC rules and interpretative guid-
--
as with the four banks listed in GL19, provided that the under-
--
tions regulations.
-
-stantially delay sending even
-
-
its wholly-owned subsidiary
types of unwarranted denials or
---
-
among its mandates, ensures -
needs to address this rather -
rent position of the Department appears to be that the market-
proposition. In the short run,
-
---
mar under the same terms and -
Treasury Department needs to
unlimited potential at this time.Eric Rose is the Lead Direc-
tor of Herzfeld Rubin Meyer
in Myanmar. He focuses on the global aspects of business
-cluding mergers, acquisitions, privatisations, technology transfers, compliance counsel-ling, and international com-mercial transactions. His expe-rience in Myanmar spans over twenty years.
Dr Andrew Lian, who is lead-ing the Herzfeld Rubin Meyer
Practice, is one of Presidents Thein Sein’s advisers on ethnic
-opment. He is a member of a number of Presidential Com-missions, and advises the My-anmar government on issues concerning minorities, as well legislative changes in the coun-try’s investment laws.
The article was originally published on InsideCounsel.com and has been republished with the authors’ and publica-tion’s permission.
“The apparel industry has the exhilarating potential to be an important catalyst, ena-
bling Myanmar’s graduation to the group of middle-income countries”
January 30-February 5, 2014Myanmar Business Today
mmbiztoday.comINVESTMENT & FINANCE 23
-
-
yanmar is one of
-ing and daunting. Developing
agrarian to the post-industrial
and investment opportunities. -
mar stands today at around 1
mobile phone penetration at 10 -
and the tastes and aspirations
-
the exhilarating potential to be
-tries – just like in many other
--
trial revolution 250 years ago.
oldest industries but has often turned a blind eye toward its
--
able vision for the industry is -
population growth, awakening
-
-mine what needs to happen to
– where humane working, en--
tions are the norm rather than
plays a key role in many emerg-
Bangladesh has over 5,600
and is home to almost 160 mil-lion people, with apparel now
-
export earnings and over 4 mil-
--
ries, Vietnam with about 2,000,
neighbours Cambodia and Laos -
The Role of Sustainability in Developing Myanmar’s Apparel Cluster
internationally oriented Asian
-
environmental requirements.
to address as it seeks to realise
As the industry grows, how
-
-
worker safety; and the environ--
sustainability on a long-term
-
---
-able textile and garment value
for sustainable industry trans-formation.
An Incomplete Domestic Upstream Supply Chain
in textile and garments and is -
ship. A traditional Burmese proverb from the times when every household had a hand-loom and women were weaving longyis for the family them-
are long gone, but women still -
--
upstream textile and garment
-ties along the textile and gar-
-
-
-
-
intermediaries; and the market-ing networks at the retail level.
Upstream and supporting industries remain underdevel-
-
import all raw materials and most other supporting inputs,
-stream and downstream indus-tries are helpful for enabling the
-ters.
Contract Manufacturing is the Norm
pay, and worker health and
greater detail in my next post.
-
-
-
-
Assembly is a form of indus-
garment sewing plants, most
provided with imported inputs -
--
-
supplier and buyer are separate
Original brand name manu--
sale of their own brand prod-
-
itself.-
--
-mar aims to upgrade its pro-
-
-
will need to be supported by an adapted legislative framework; estimates for export potential are about $5-6 billion even
upgrading.
The Solution Path toward Higher Value Added
-yond $6 billion in garment ex-ports if it manages to routinely
---
its textile and garment value -
grading options for generating more value added. These op-
--
-
-
move to higher value-added fashion goods.
-
more highly skilled workers to
-nology.
-sition to sustainable apparel
About the AuthorDr Maximilian Martin is the
Founder and Global Managing Director of Impact Economy. He also serves as Founding Faculty in Residence at Ashoka U and Lecturer in Social En-trepreneurship at the Univer-
sity of St Gallen. He previously served as founding global head and managing director of UBS Philanthropy Services, head of research at the Schwab Foun-dation, senior consultant with McKinsey & Company, instruc-tor at Harvard’s Economics Department, and fellow at the Center for Public Leadership, Harvard Kennedy School.
Flligghtss from Yanngon (RGGN) to BBeijing (BJS) Flligghtss from Beijjing (BJSS) to Yanngon (RRGN)CA906 2 3 4 6 7 RGN BJS 14:15 21:55 Air China (via KMG) CA905 2 3 4 6 7 BJS RGN 8:05 13:15 Air China (via KMG)
Fligghhtss ffroom Yanggon (RGNN) to Naanning (NNG) Fligghhtss ffroom Nannning (NNNG) to Yaangon ((RGN)Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by:MU2012 3 6 RGN NNG 12:20 16:25 China Eastern MU2011 3 6 NNG RGN 10:15 11:30 China Eastern
FFligghhtss ffroomm Yangoon (RGN)) to Honng Kong (HKG) HHonngg KKoong (HKG) Flights from Yaangon ((RGN) KA251 1 2 4 6 RGN HKG 1:10 5:35 Dragon Air KA250 1 3 5 7 HKG RGN 21:50 23:45 Dragon Air
Flligghhtss ffroomm Yangon (RGN) to Guanng Zhouu (CAN) Flligghhtss ffroomm Guang Zhou (CCAN) to Yangonn (RGN) 8M711 2 4 7 RGN CAN 8:40 13:15 MAI CZ3055 3 6 CAN RGN 8:40 10:30 China Southern AirlinesCZ3056 3 6 RGN CAN 11:20 15:50 China Southern Airline 8M712 2 4 7 CAN RGN 14:15 15:45 MAICZ3056 1 5 RGN CAN 17:40 22:15 China Southern Airline CZ3055 1 5 CAN RGN 14:45 16:35 China Southern Airlines
FFlighhts ffroom Yanggon (RGN) to Koolkata (CCCU) FFlighhts ffroom Kolkkata (CCUU) to Yaangon (RRGN) Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by:
AI228 5 RGN CCU 18:45 19:45 Air India AI227 1 5 CCU RGN 10:35 13:20 Air IndiaAI234 1 5 RGN CCU 13:40 16:55 Air India (via GAY) AI233 5 CCU RGN 13:30 18:00 Air India (via GAY)
Fligghhtss ffrom Yanngon (RGGN) to GGaya (GAAY) Fligghhtss ffrom Gayya (GAY) to Yanngon (RGGN) 8M 601 1 3 5 6 RGN GAY 10:30 11:50 MAI 8M 602 1 3 5 6 GAY RGN 12:50 16:00 MAIAI234 1 5 RGN GAY 13:40 15:00 Air India AI233 5 GAY RGN 15:00 18:00 Air India
Fligghtts frrom Yanngon (RGGN) to TTokyo (NNRT) FFliightts frrom Tokkyo (NRTT) to Yaangon (RRGN)NH914 1 3 6 RGN NRT 22:00 06:40+1 ALL NIPPON Airways NH913 1 3 6 NRT RGN 11:10 17:05 ALL NIPPON Airways
FFligghhtss ffrom Yanngon (RGGN) to SSeoul (ICCN) FFligghhtss ffrom Seooul (ICN)) to Yanngon (RGGN)KE472 1 3 5 7 RGN ICN 0:05 8:00 Korean Air KE471 1 2 3 4 5 6 7 ICN RGN 18:40 22:55 Korean Air
Flligghhtss ffroomm Yangon (RGN) to Nay Pyi Taww (NYT) Flligghhtss ffroomm Nay Pyyi Taw (NNYT) to Yangonn (RGN)Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by:FMI-A1 1 2 3 4 5 RGN NYT 7:30 8:30 FMI Air Charter FMI-A2 1 2 3 4 5 NYT RGN 8:50 9:50 FMI Air CharterFMI-B1 1 2 3 4 5 RGN NYT 11:30 12:30 FMI Air Charter FMI-B2 1 2 3 4 5 NYT RGN 13:00 14:00 FMI Air CharterFMI-C1 1 2 3 4 5 RGN NYT 16:30 17:30 FMI Air Charter FMI-C2 1 2 3 4 5 NYT RGN 18:00 19:00 FMI Air CharterFMI-A1 6 RGN NYT 8:00 9:00 FMI Air Charter FMI-A2 6 NYT RGN 10:00 11:00 FMI Air CharterFMI-A1 7 RGN NYT 15:30 16:30 FMI Air Charter FMI-A2 7 NYT RGN 17:00 18:00 FMI Air Charter
Hotel and Tourism Sector Bags $2b Foreign Investment
Htet Aung
-
in foreign investments in the
said.--
more than $880 million, more
-ism industry that is grappling
-
investors alike.
$150 million in investments.
interest from international in-
--
growth over the last two years
near future.
allowed more investment in the
tourist arrivals this year in the
2011.The number of tourist arriv-
as many foreign visitors are to -
AN summits to be hosted by
Chairmanship in 2014.
over 2 million tourists, of whom 1.14 million entered through border gates and 885,476 through airports, with Thai and Chinese tourists leading the way.
Popular tourist destinations -
Tanintharyi region are seeing
In a bid to boost its tourism
four entry and exit gates on the -
-
to the ministry.
Taw now has 50 hotels with -
-gyi and Inle Lake has 70 hotels
Tourism has granted opera-
-panies.
It has also issued 196 tourism-
To meet the growing demand for hotels, the ministry has ap-proved the establishment of 11
-
Visa-on-arrival for visitors
--
mar has also planned to intro-
However, the number of appli-
Nay Pyi Taw Hotels “More
Paige Lee Pei Qi
AForum (ATF) will -
Pyi Taw, in 2015 and the
-ism thought leaders and trade players from the re-gion and beyond, said Tin
help Huawei buy some time before 4G network upgrades in China lead to more orders for
sets in emerging markets.
gain a foothold in the high-end segment of developed markets
smartphone market, where law-
“Huawei in an ideal world
be seen as eyeing up the market
all revenue last year, up from 22
billion yuan to 240 billion yuan
Unaudited revenue grew 8
rose to 28.6 billion yuan to 29.4
es in internal management and
Huawei will release audited
said.
Smartphones
share of the global smartphone
“Huawei had some ambiva-
business than other areas but
pionage, and has only a smat-tering of low-key tie-ups with
man said.
ny, where the European Com-
itive behaviour by Chinese pro-
“The handset business is quite
nology analyst with Nomura.Huawei targeted smartphone
shipments of 60 million units
Networking
and is known for aggressively gaining sales by edging out ri-
mens Networks.
build fourth-generation mobile networks.
it is linked to the Chinese gov-ernment – allegations it denies.
growth rate “was not as pretty as the two other groups, but the
But analysts say 4G deploy-
from the network rollout des-
year.“For 4G, they have a delay on
“Deployment was slower than
for businesses and institutions,
of reports say Huawei equip-ment has more vulnerability or
Reuters
Models present the Huawei Ascend P6 Android-based smartphone during their launch at the CommunicAsia communication and information technology exhibition in Singapore.