2017年2月2日 星期四

Singapore Company Will Hand $300m Power Plant To Myanmar Government in 22 Years

The Singapore-listed energy company Sembcorp has signed a build-operate-transfer agreement with the Ministry of Elec­tricity and Energy for a 225-megawatt gas-fired power plant in Myingyan, near Mandalay.
The signing “represents a key milestone” for the $300 million project, the company said in a state­ment.
Under the deal, the Sembcorp Myingyan Power Company will op­erate the plant for 22 years before the government takes ownership.
Semcorp’s Executive Vice President, Tan Cheng Guan, signed the deal with U Htein Lwin, Permanent Secretary at the Ministry of Electricity and Energy on January 18th, the state­ment added.
Last March the company signed a long-term power purchase agreement with the government to sell the plant’s entire output to the Electric Power Gen­eration Enterprise, an en­tity under the Ministry of Electricity.
The plant, which is due to go into operation next year, will be one of My­anmar’s largest gas-fired stations and will “help to play a key role in meeting the country’s growing de­mand for electricity,” the company said.
“We thank the govern­ment of Myanmar for its support, and we are en­couraged by its commit­ment to accelerate infra­structure development in the country,” said Sembcorp Group President & CEO Tang Kin Fei.
“We are confident that we will be able to deliver this facility on time. This will help to meet the grow­ing need for power particu­larly in Mandalay, support the nation’s progress and improve the quality of life for the Myanmar people,” the CEO added.
Sembcorp employs 7,000 people and oper­ates facilities around the world. Its power facilities have a total capacity of 10,000 megawatts. The company also supplies water solutions to local governments and indus­trial projects and works in urban development and marine engineering.
Source: Myanmar Business Today

2017年1月18日 星期三

Visa bullish on nationwide growth in Myanmar

ONLY 0.5 per cent of the population has access to electronic payments so far, Visa Inc, the global payments firm, sees a lot of room for improvement in Myanmar.

Arturo Planell, Visa country manager for Myanmar, said at a press conference last week that the number of Visa cards in the country had increased by 80 per cent last year, and he expected the growth to continue this year.

He declined to reveal the exact number of Visa cards in Myanmar, due to business confidentiality.

“We have seen very strong growth here, and we are very excited about that. There is a lot of demand, as the country opens up. A lot more Myanmar nationals are flying and travelling abroad,” Planell said.

Last year, the value of transactions made by Myanmar cardholders while travelling overseas grew by 54 per cent.

Meanwhile, the value of e-commerce transactions made on international websites expanded by 108 per cent, mostly from sales of air tickets and accommodation. Currently, the Visa cards available in Myanmar are prepaid cards, issued by four local banks: KBZ, CB, Aya and Myanmar Apex Bank.

This year, the number of retailers that accept Visa cards in Myanmar has increased by 49 per cent to approximately 3,500, while the number of ATMs has risen by 39 per cent, growing to about 2,000 across the country.

At the press conference, Planell was proud to report that the number of Visa card transactions made by international tourists visiting Myanmar had increased by 42 per cent so far this year.

Tourists’ card spending has grown by 22 per cent outside of Yangon, compared to total spending growth of 4.8 per cent across the country.

In terms of the current proportion of nationwide sales volume, Yangon constitutes about 75 per cent, he added.

According to Planell, Visa will work with its partners to expand acceptances outside of Yangon, primarily by maximising acceptance in key tourist destinations such as Mandalay, Inle lake, Taunggyi, Ngapali beach and Bagan.

He foresees a pretty high growth rate outside of Yangon.

“We will make sure there are more and more opportunities for people to use our cards outside of Yangon. That will automatically balance the ratio. We are aiming to have more balance in terms of acceptance ratio,” he said.

“As many people are finding new destinations, we need to make sure that we have more acceptances in those locations. Our focus was in Yangon. Now we are making sure that we drive as much acceptance as we can outside of Yangon,” he explained. Although many foreign investors consider Myanmar’s infrastructure as a business obstacle, Planell is optimistic about the situation.

“Infrastructure has actually advanced a lot. If you went back to a few years ago, internet connectivity was a problem. Now, with the big push by three telecom companies here, connectivity is no longer an issue. There is still definitely a lot of room for improvement, but we are very encouraged to see that the infrastructure is moving in the right direction,” he said.

“In terms of technology infrastructure, it has actually come a long way. Connectivity is no longer an issue. The biggest infrastructure [requirement] is capacity. Human capital with proper know-how is now a No.1 constraint,” he told the press. In an effort to help Myanmar with capacity-building, the firm has conducted many seminars and workshops by bringing specialists from Singapore to the country to train the staff of its partner banks.

Visa also plans to promote clients’ financial literacy by educating them about electronic payments. However, Planell acknowledged that it was very hard to change the culture of cash in a cash-dominated society like Myanmar.

“That is going to be a long journey. In Myanmar, for a long time there has been a strong preference for cash. Consumers like to use cash. The whole system is to make cash easy to transact. So, it is going to take some time to change that behaviour to educate consumers about the benefits of electronic payments,” he stressed.

“It will take investment and time. But, that is something we are definitely committed to continuing to drive for,” he added.

Planell believes the demand for electronic payments from both Myanmar citizens and international tourists is on the rise. To him, Myanmar can benefit from expanding access to electronic payments, which bring convenience, transparency and security to both consumers and retailers.

Source: Eleven Weekly Media

Qatar Airways Adds Flights to Yangon-Doha Route After ‘Strong Demand’

Qatar Airways has added two new weekly flights to its route between Yangon and Doha in response to “strong demand”, the company said.

The high-end airliner re-entered the Myanmar market in 2012, shortly after the country’s econo­my began liberalising.

The extra fights mean Qatar Airways now offer five flights a week from Yangon to Doha and vice versa. The company said in a statement that the new flights increase the routes seat capacity by 67 percent.

“The increase in ser­vices reflects the strong demand we’ve experi­enced on this route since our re-introduction to the Myanmar market in Oc­tober 2012,” said Terence Yu, the airline’s Country Manager for Thailand and Myanmar.

He added that the in­crease “serves to further strengthen commercial and trade links between our two countries”.

Source: Myanmar Business Today 

2015年6月25日 星期四

Yoma Strategic opens potable water plant in Myanmar

Property and construction group Yoma Strategic Holdings on Monday announced the opening of its potable water plant at Pun Hlaing Golf Estate in Myanmar.

The move is aimed at delivering "high-quality drinking water straight to the taps of residents of the estate", said the mainboard-listed company.

The plant, designed and supplied by global water solutions provider Hyflux, sets apart Pun Hlaing Golf Estate as the first real estate development in Myanmar to have its own Hyflux water treatment plant.

It uses Hyflux's proprietary Kristal ultrafiltration technology and brackish water reverse osmosis technology to provide quality drinking water for the estate, and is desgned to treat 1,000 to 2,500 cubic metres of water a day.

Source: Strait Times

Bangkok Bank opening

Bangkok Bank will become the fifth foreign bank to operate in Myanmar, once its branch opens doors on June 2.

The Thai bank announced yesterday that the Central Bank of Myanmar has granted it the permission to open a branch in Yangon to provide financial services to foreign-invested companies and domestic banks.

Bangkok Bank is the only Thai bank to receive a foreign bank branch license from Myanmar’s government.

“The new branch will play a key role in promoting and developing the local financial system to support the growth of high-potential businesses and industries, especially by connecting with Bangkok Bank’s international network to provide a full range of services to customers and investors doing business in Myanmar,” Chartsiri Sophonpanich, the bank’s president, said in a statement.

新光保全開發東協國家 繼泰國後投入緬甸市場



〔記者陳伃軒/台北報導〕外交部今早表示,緬甸聯邦共和國駐臺北貿易辦事處(Myanmar Trade Office, The Republic of the Union of Myanmar,以下簡稱緬甸駐華貿易辦事處)已於22日舉行開幕典禮,由緬甸商務部鄧倫武(Thet Lwin Oo)擔任駐華貿易代表。

2015年6月21日 星期日

前進緬甸 貿協率台商辦3大展

為了掌握緬甸商機,貿協與車輛公會等單位聯手,將於7月22至25日在緬甸首府仰光Myanmar Event Park展覽館,推出「2015年緬甸國際電機電子暨電力設備展」、「2015年緬甸國際汽機車零配件展」及「2015年緬甸國際工具機暨自動化設備展」,據了解,目前參展廠商相當踴躍。


国家发改委对外经济研究所副研究员 马强

Myanmar sees surge in telecom investment

Investment in telecoms has surged in Myanmar in the past year as operators begin to tap a rapidly expanding market, driving growth in the economy.

Since the opening up of the mobile segment last year, there has been a boom in phone ownership and subscriptions in Myanmar. Currently there are more than 18 million SIM cards in circulation − corresponding to about one-third of the population − up from just 1 million in 2012, according to data compiled by Reuters.

Norway’s Telenor started services in September last year, one month after the launch of Ooredoo of Qatar, with both granted licences over a year ago. The newcomers have quickly gained ground on existing operator Myanmar Posts and Telecommunications (MPT), though the former monopoly and its partner KDDI Corp of Japan still lead in market share in what is a rapidly expanding sector. MPT has 8.4 million subscribers, followed by Telenor with 6.4 million and Ooredoo with 3.3 million.