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PwC Myanmar Weekly Business IntelligenceIssue No. 208

12 April 2020

12 April 2020

PwC

Disclaimer

2PwC Myanmar Weekly Business Intelligence

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Upcoming Events MIC Permitted ProjectsTender OpportunitiesPolicy and Regulation InfrastructureFinancial and Business

12 April 2020

PwC

Highlights

• “Myanmar has granted operating licences to seven Asian banks, bringing to 20 the number of

foreign banks allowed to do business in the previously isolated market.”

• “Delays to emergency power projects are not expected to cause major power shortages this hot

season, a Yangon Electricity Supply Corporation official says, because COVID-19 has forced many

businesses – particularly factories – to temporarily close or scale back operations.“

• “More than US$25 million is being provided by the Livelihoods and Food Security Fund (LIFT),

European Union, United States and Australia to support Myanmar’s response to the COVID-19

pandemic, including cash grants totalling millions of dollars to affected or vulnerable groups.”

PwC Myanmar Weekly Business Intelligence

3

Infrastructure

Energy

• Power cuts unlikely despite power project delays, says YESC

• Households exempted from first 150 units of electricity in April

• Myanmar Citizens Give Up Power Subsidy to Aid COVID-19 Fight

Real Estate

• Japan’s top retailer Aeon to open mall in Myanmar by 2023

• Development of Dawei SEZ expected to be delayed again

Waste and Water

• World-class water treatment plant project to come into sight in Yangon

• IDP camps face food, water shortages amid COVID-19 fears

Other Infra

• China cautioned against forcing Myanmar to accept BRI, investments

• Pandemic delays construction of Tarmwe market

• MIC to accelerate approvals for labour-intensive, healthcare investments

Infrastructure

• Myanmar opens up to seven more Asian banks

• European companies in Myanmar feel the heat from COVID-19

• Loans approved from COVID-19 fund for 400 small firms

• Myanmar Govt to Provide Free Basic Food for Poor During COVID-19 Shutdown

• MIC halves application fees for investors as coronavirus bites

Financial and Business

• Govt calls off investment forums, approves US$550 million in FDI in March

• Reform Activities of the Central Bank of Myanmar

• Yangon COVID-19 prevention frustrated by administrative discord

• Myanmar President Orders Officials to Preserve Evidence of Rakhine Atrocities

• Workers, mothers and elderly to benefit from $25m in COVID-19 foreign aid

Policy and Regulation

InfrastructurePolicy and

Regulation

Tender

Opportunities

MIC

Permitted

Projects

Upcoming

Events

Financial and

BusinessIssue - 208, 12 Apr 2020

http://www.pwc.com/sg/en/

12 April 2020


4

12 April 2020

PwC 5PwC Myanmar Weekly Business Intelligence


Myanmar opens up to seven more Asian banks

Myanmar has granted operating licences to

seven Asian banks, bringing to 20 the number of

foreign banks allowed to do business in the

previously isolated market.

Bank of China (Hong Kong), Taiwan’s Cathay

United Bank and Mega International Commercial

Bank, Industrial Bank of Korea, Seoul-based KB

Koomin Bank, Korea Development Bank and

Siam Commercial Bank of Thailand were granted

preliminary licences, the central bank’s licensing

committee said in a statement on Friday (April 9).

The approval gives the lenders nine months to

demonstrate they can fulfill business plans laid

out in their application to the authorities before

they will be given proper licences, the statement

said.

This licensing round was opened last November

with hopes of drawing foreign investments at a

time the government was under pressure to

speed up economic reforms before the

parliamentary elections expected later this year.

A branch licence allows a range of wholesale

banking activities, while a subsidiary licence

allows both wholesale and, from January 2021,

onshore retail banking services. A branch licence

and subsidiary licence require a minimum paid-in

capital of US$75 million and $100 million

respectively.

The Myanmar Times understands that more than

10 foreign banks, including Taiwan’s First

Commercial Bank and China Trust Banking

Corp, Korea’s KEB Hana, Kasikorn Bank and

Krungthai Bank of Thailand, and Commercial

Bank of Ceylon, had been considering applying

for preliminary licences. The central bank did not

say how many had submitted applications.

The seven licences were the first granted since

Daw Aung San Suu Kyi’s National League for

Democracy party formed a government in 2016.

There were two licensing rounds under U Thein

Sein’s government. The first in 2014 saw nine

banks awarded, and the 2016 round granted

licences to four Asian banks.

In total, there are 13 non-Myanmar lenders

currently allowed to operate in a limited capacity.

Another 51 banks and finance companies have

representative offices, while there are 27 local

banks. Banking services are still severely limited

in the country and are dominated by financial

institutions with ties to the former military regime.

Source: Myanmar Times

https://www.mmtimes.com/news/myanmar-

opens-seven-more-asian-banks.html

09 Apr 2020

Myanmar aviation sector expected to become profitable, but more pain ahead first

Myanmar’s aviation industry is betting on a more

profitable future with the number of airlines now

reduced to half compared to 2017 and demand

for domestic air travel expected to catch up with

supply. However, they will have to swallow more

losses in the short term before things get better.

There are currently five airlines in Myanmar,

down from ten three years ago. But even though

there are fewer players now in the market, the

volume of passengers flying domestic remains

below three million, according to government

data.

At those levels, demand is not sufficient to cover

the industry’s losses, U Kyaw Nyein, CEO of

Golden Myanmar Airlines (GMA), told The

Myanmar Times in a recent interview.

But profitability is possible in the years ahead,

making it a good time for the remaining airlines to

accelerate their plans for expansion to capitalise

on future demand, according to a 2019 report by

the Centre for Asia Pacific Aviation.

Last year, GMA took delivery of a new aircraft,

taking its current fleet of ATR-72s to three. “With

the additional seats, we can now fly daily

compared to alternate days before. We will also

extend our destinations to include more flights to

Dawei and Kaw Thaung, which could be potential

tourist attractions in the future,” U Kyaw Nyein.

Air KBZ has also been expanding. Last year, it

upgraded its fleet of planes and announced new

destinations to Dawei , Kaw Thaung , Myeik,

Sittwe, Kyaingtong, Hkamti and Loikaw. its sister

airline, Myanmar Airways International, added a

new Airbus A319 to its fleet, expanding its

capacity by 144 passengers.

Tanes Kumar, commercial director for Air KBZ,

said even though the new routes are not yet

profitable, the main aim of adding new

destinations is to expand the airline’s network

and connectivity. “This gives passengers more

options and allows employees to learn new skills

for more expansion in the future,” he said.

Source: Myanmar Timeshttps://www.mmtimes.com/news/myanmar-aviation-sector-expected-become-profitable-more-pain-ahead-first.html

27 Jan 2020


https://www.mmtimes.com/news/myanmar-opens-seven-more-asian-banks.html

https://www.mmtimes.com/news/myanmar-aviation-sector-expected-become-profitable-more-pain-ahead-first.html

12 April 2020



Loans approved from COVID-19 fund for 400 small firms

The Myanmar Investment Commission (MIC)

says it will be issuing emergency loans to around

400 small businesses that have suffered financial

losses due to the COVID-19 pandemic sweeping

the world.

“Over 400 businesses submitted their loan

application forms on April 4, and the applicants

have been determined to be genuine companies

that have actually suffered losses. Most of the

applicants small and medium enterprises,

including hotels and travel agencies. We’re

planning to issue the first batch of funds on April

9, and other batches after the Thingyan

holidays,” said MIC Permanent Secretary U Aung

Naing Oo.

The loan scheme was announced on March 29,

and the Union of Myanmar Federation of

Chambers of Commerce and Industry (UMFCCI)

and its state and regional offices began

accepting the loan applications from March 30.

The deadline for applications is April 9.

In order to avoid crowding, an application was

made available starting April 2 for online

submission of the locan applications via

https://umfccicovid19loan.mitcloud.com.

“Over 200 businesses submitted their forms

online so far. We’ll look at the financial status of

the businesses in different sectors. They may or

may not get the amount they applied for, but

there’s no limit as to how much we’ll lend to a

particular company. The amount depends on the

needs of the business. We check the applicants

at two levels. The first is to see if they comply

with the specified sectors and requirements. If

these requirements are met, the Myanmar

Institute of Certified Public Accountants will

inspect the accounts and recommend the loan

amount that should be extended to each

business. Finally, a working committee will make

their decision on the application,” said U Aung

Naing Oo.


https://www.mmtimes.com/news/loans-approved-

covid-19-fund-400-small-firms.html

06 Apr 2020

European companies in Myanmar feel the heat from COVID-19

A majority of European companies in Myanmar

say they are affected by the COVID-19 pandemic

with some expecting a loss of revenue of more

than 50 percent, according to the latest corporate

survey conducted by the European Chamber of

Commerce in Myanmar.

Yangon-based EuroCham Myanmar last month

conducted a survey to map out the expected

economic impact with European businesses

operating in the country. It seeks to address

investor concerns to the Myanmar government

and to seek ways in which the authority may

provide support.

It surveyed 33 representatives of European

businesses.

According to the respondents, more than 60pc

claim they are already either significantly or

moderately affected, with a forecasted loss of

revenue averaging from 30pc to above 50pc.

Small and medium-sized enterprises (SMEs)

would be the most affected while automotive,

fast-moving consumer goods, retail and

manufacturing are sectors feeling the damage.

Key manufacturing, agriculture and tourism

industries in Myanmar have been severely hit by

the pandemic. Factories have been forced to halt

operations while farmers and fruit producers

relying on the China market have suffered huge

losses.

Two-thirds of the European companies said that

the preventive measures taken by the Myanmar

government have had little impact yet on their

business operations and almost the same

proportion forecast they would still be able to

cope if those measures would double down.

Thirty-four percent of the respondents reported

that the recovery from the economic shock would

depend on how the supply chain across all

industries would react post-pandemic, while 51pc

expect a recovery within six months.

Beyond the immediate economic disruption, the

pandemic has derailed efforts by the government

to boost investments and growth ahead of

parliamentary elections in November.

For now, foreign and domestic businesses want

more government support and stimulus to

mitigate the short-term disruptions.


https://www.mmtimes.com/news/european-

companies-myanmar-feel-heat-covid-19.html

08 Apr 2020


https://www.mmtimes.com/news/loans-approved-covid-19-fund-400-small-firms.html

https://www.mmtimes.com/news/european-companies-myanmar-feel-heat-covid-19.html

12 April 2020



Myanmar Govt to Provide Free Basic Food for Poor During COVID-19 Shutdown

YANGON — Myanmar State Counselor Daw

Aung San Suu Kyi-led national level COVID-19

response team announced on Monday afternoon

that the government will provide basic food for

those struggling across the country during the

10-day New Year holiday from this week amid

heavier restrictions on movement to curb the

coronavirus spread.

So far Myanmar has reported 22 positive cases

with one fatality.

The announcement came after the State

Counselor’s request for citizens to stay at home

during the Thingyan Water Festival, the largest

event in Myanmar’s calendar, to prevent the

spread of the disease.

The April 10 to 19 holiday follows further

restrictions on residents’ movements, including

orders for people to stay at home, shutting down

public transport and banning gatherings.

Thingyan normally allows many families to earn

money by selling food and beverages to revelers.

In the announcement on Monday, the COVID-19

Prevent, Control, Treatment Committee said from

Friday the government would distribute rice,

cooking oil, salt, beans and onions to those who

lack a regular income during the holiday.

Daw Aung San Suu Kyi previously posted on

Facebook that she was aware of people’s

concerns during the holiday and said the

government was planning a solution.

Apart from food distribution, the government has

promised to provide 150 free electricity units for

domestic use until the end of April to encourage

people to stay at home.

Source: The Irrawaddy

https://www.irrawaddy.com/news/burma/myanma

r-govt-provide-free-basic-food-poor-covid-19-

shutdown.html

06 Apr 2020

MIC halves application fees for investors as coronavirus bites

Investors who wish to apply for permission to

invest in the country will enjoy a 50 percent

discount on application fees, the Myanmar

Investment Commission (MIC) announced on

April 9.

This includes both Myanmar and foreign

investors, the MIC said.

The new fee structure will take effect from April

20 onwards and remain effective until the

authorities review and revise the fees.

“The main objective is to encourage investments

and help businesses save costs in this difficult

time,” said MIC director U Myo Min.

The move comes after the Ministry of Investment

and Foreign Economic Relations last week called

off four regional forums in Yangon, Bago,

Monywa of Sagaing and Mandalay due to the

COVID-19 outbreak.

The investment forums serve as a platform for

investors to explore opportunities to work with

local businesses As a result of the cancellations,

investments could decline by as much as 40 pc,

said U Aung Naing Oo, permanent secretary of

the ministry.

MIC approved more than US$500 million worth

of foreign direct investments from 11 businesses

and K50 billion in local investments on April 3, a

day after the total number of COVID-19 positive

cases in the country climbed to 20.

This includes investments into sectors such as

industry, construction and services, in addition to

the expansion of 13 existing businesses.


https://www.mmtimes.com/news/mic-halves-

application-fees-investors-coronavirus-bites.html

09 Apr 2020


https://www.irrawaddy.com/news/burma/myanmar-govt-provide-free-basic-food-poor-covid-19-shutdown.html

https://www.mmtimes.com/news/mic-halves-application-fees-investors-coronavirus-bites.html

12 April 2020

Infrastructure

8

12 April 2020


Power cuts unlikely despite power project delays, says YESC

Lower than expected power demand due to

cooler weather and the impact of COVID-19

means lengthy power cuts are unlikely this hot

season despite delays to three emergency power

projects.

YANGON – Delays to emergency power projects

are not expected to cause major power

shortages this hot season, a Yangon Electricity

Supply Corporation official says, because

COVID-19 has forced many businesses –

particularly factories – to temporarily close or

scale back operations.

The government announced an emergency

power tender last year following severe power

shortages in May and June, saying it was

necessary to avert more cuts this hot season.

The season typically starts in March and ends in

late May with the arrival of the first monsoon

rains.

Of the five emergency projects tendered last

year, the three largest – a 400-megawatt plant at

Thaketa, 350MW plant at Thanlyin and 150MW

plant at Kyaukphyu – were due to begin

producing power on April 3, but are still not

operational and appear months away from

completion. All three projects will be fuelled by

imported liquefied natural gas.

However, U Kyaw Thu, the general manager for

electricity distribution at Yangon Electricity

Supply Corporation, told Frontier that he was

“confident” there would not be widespread power

outages this hot season.

He said this was because power consumption

had been similar to last year – well down on

projections for a 10 to 15 percent increase in

demand, following the pattern of previous years –

and other planned power projects should come

online in the next month.

“Power consumption has not increased much

because of the [cooler] weather and the closure

of some factories and businesses due to the

coronavirus,” he said.

Ministry of Electricity and Energy data shows

daily peak production was around 3,700MW in

March, but fell to 3,500MW on April 6, suggesting

a decline in demand. This time last year peak

production was about 3,500MW to 3,600MW

each weekday. The ministry has previously said

it expects peak demand to hit 4,531MW in 2020-

21.

Source: Frontier Myanmar

https://frontiermyanmar.net/en/power-cuts-

unlikely-despite-power-project-delays-says-yesc

07 Apr 2020

Grab says it pumped $100M into Myanmar in four years

Ride-sharing company Grab has invested over

US$100 million (K143.5 billion) in Myanmar in

the past four years to strengthen its position on

the local taxi market, a senior company official

said Tuesday.

Cindy Toh, country manager for Grab, said the

company will continue investing to further

improve the quality of its service in Myanmar.

“Grab will emphasise service quality and safety,

not only technology,” she told a briefing. “We will

continue investing in expansion and partnerships

to better the platform and expand the

ecosystem.”

Grab launched its service in Myanmar in July

2017, and has since introduced Grab Taxi Call

service, Premium Rentals (Beat), and Grab

Food.

The company’s taxi service is popular and

experiencing an increase of 10 percent in daily

rides in 2019 from the previous year, and adding

more than 196,000 more precise location points

in the Grab application.

The number of businesses using Grab for

Business doubled in 2019, and the most popular

destinations for rides were Myanmar Plaza,

Junction City, and Yangon Airport.

Grab will expand its services to other key cities

across the country this year, Toh said. GrabFood

will be launched for local restaurants and

transportation partners in Mandalay this year.

“Although food delivery is increasing locally, it

still lags behind other countries. We have many

opportunities,” said U Myat Kaung Min, head of

GrabFood Myanmar.

Grab For Good will be launched in Myanmar

soon.

In 2018, Grab launched its Grab Thone Bane

(three-wheeler) service in Bagan and Mandalay

city, and Grab TaxiPlus service.

More than 166 million people in 339 cities in

Myanmar, Vietnam, the Philippines, Thailand,

Cambodia, Malaysia, Singapore and Indonesia

have downloaded the Grab app on their mobile

phones. – Translated



aviation-sector-expected-become-profitable-

more-pain-ahead-first.html

12 Feb 2020

Infrastructure EnergyUpcoming Events MIC Permitted ProjectsTender OpportunitiesPolicy and Regulation InfrastructureFinancial and Business

https://frontiermyanmar.net/en/power-cuts-unlikely-despite-power-project-delays-says-yesc


12 April 2020


Households exempted from first 150 units of electricity in April

Myanmar households will not need to pay for the

first 150 units of electricity this month, U Soe

Myint, deputy permanent secretary from the

Ministry of Electricity and Energy told The

Myanmar Times.

The National-Level Central Committee on

Prevention, Control and Treatment of

Coronavirus Disease 2019 announced on April 6

that the government will exempt the first 150

units until the end of this month. The exemption

excludes embassies, United Nations agencies

and international organisations.

The government had raised electricity tariffs for

the first time in five years in June 2019, after

years of subsidies at heavy losses.

Under the new rates, consumers who used to

pay K3500 for 100 units now pay K6050,

representing an increase of more than 70

percent for electricity each month.

The government had been supplying electricity to

the public at a loss of K507 billion in the 2017-18

fiscal year and losses rose to K630 billion in

2018-19, according to data from the Ministry of

Planning and Finance. The losses are expected

to narrow under the new tariffs.

As of April 6, peak power generation in the

country is 3506 megawatts and total generation

per day is 67007 megawatts per hour. Yangon

consumes the most energy, representing more

than 40pc of total power generation. followed by

Mandalay and Nay Pyi Taw, according to the

Ministry of Electricity and Energy.


https://www.mmtimes.com/news/households-

exempted-first-150-units-electricity-april.html

07 Apr 2020

Infrastructure Energy

Myanmar Citizens Give Up Power Subsidy to Aid COVID-19 Fight

YANGON—A government initiative to encourage

people to stay at home amid the COVID-19

outbreak by helping them pay their power bills

has prompted a heartening response from the

Myanmar public. To show their appreciation,

many people are choosing to donate the amount

they would have saved on electricity to the

government to help fund its fight against the

virus.

As of Wednesday, Myanmar had 22 confirmed

COVID-19 cases with three deaths.

On Monday, the government of the ruling

National League for Democracy, led by State

Counselor Daw Aung San Suu Kyi, announced it

would provide every household in the country

with 150 units of free electricity for domestic use

until the end of April. The move is designed to

encourage people to stay at home.

In other words, you can expect a reduction of

11,500 kyats (about US$8) in your electricity bill

this month.

Less than 24 hours after the announcement, the

bank accounts of the COVID-19 National Centers

for Disease Control and Prevention were

bombarded with transactions as Myanmar people

individually transferred that amount into the four

accounts set up to accept donations for the fight

against the disease.

Many posted screenshots of their money

transfers on Facebook, while challenging their

friends to follow suit.

While it’s impossible to trace the exact number of

people who made the contribution, the responses

to one Irrawaddy reporter’s Facebook page alone

showed that nearly 200 people had joined the

activity in the past 24 hours.


https://www.irrawaddy.com/news/myanmar-

citizens-give-power-subsidy-aid-covid-19-

fight.html

08 Apr 2020


https://www.mmtimes.com/news/households-exempted-first-150-units-electricity-april.html

https://www.irrawaddy.com/news/myanmar-citizens-give-power-subsidy-aid-covid-19-fight.html

12 April 2020


Japan’s top retailer Aeon to open mall in Myanmar by 2023

TOKYO/YANGON — Japan’s Aeon plans to

open a shopping center in Myanmar as early as

2023, tapping into a middle class whose

spending power is expected to rise in the coming

years, Nikkei has learned.

Japan’s largest retailer will set up a joint venture

this spring with Myanmar conglomerate Shwe

Taung Group to begin work on an Aeon Mall in

Yangon. Partnering with Shwe Taung, parent of

Myanmar’s top mall operator, will help Aeon

attract the popular, big-name tenants needed to

help its shopping center business grow.

Myanmar’s growth prospects and population of

53 million make it an attractive investment target

as the coronavirus pandemic short-circuits

economic activity around the world. Its annual

growth has largely hovered in the 6% to 7%

range. Per capita gross domestic product came

to $1,244 last year, according to the International

Monetary Fund.

Aeon expanded into Myanmar soon after the

country’s 2011 shift to a civilian-led government,

launching a financial services business there in

2013. The company was the first foreign retailer

to set up shop in Myanmar post-transition, with

the 2016 opening of a supermarket in Yangon,

and now has more than 10 stores there.

Aeon’s microfinancing business is widely used in

Myanmar, and the company looks to leverage

data on consumers’ shopping habits in its mall

business as well.

While European supermarkets, such as France’s

Carrefour, beat a retreat from Southeast Asia,

Aeon has remained determined to make inroads

into the region.

“We will continue our targeted investment in

Asia,” President Akio Yoshida told Nikkei in

January, before assuming the post in March.

“The representative [of the region] is Vietnam,

where the average age is about 30 years old,

and the population is inching toward 100 million,”

Yoshida said. “I think the country will trace the

same trajectory Japan once traveled toward a

‘100 million middle class.'”

Aeon opened nine malls in Southeast Asia — in

Vietnam, Cambodia and Indonesia — amid a

strategic pivot toward the region.

Source: Consult Myanmar

https://consult-myanmar.com/2020/04/07/japans-

top-retailer-aeon-to-open-mall-in-myanmar-by-

2023/

07 Apr 2020






said Tuesday.








ecosystem.”




Food.

















GrabFood Myanmar.


soon.













12 Feb 2020

Infrastructure Real EstateUpcoming Events MIC Permitted ProjectsTender OpportunitiesPolicy and Regulation InfrastructureFinancial and Business

https://consult-myanmar.com/2020/04/07/japans-top-retailer-aeon-to-open-mall-in-myanmar-by-2023/


12 April 2020


03 Mar 2020

Development of Dawei SEZ expected to be delayed again

Officials are expecting the outbreak of COVID-19

to slow the development of Dawei Special

Economic Zone (SEZ) in Tanintharyi Region.

“The virus is affecting the development process,

including road construction,” said U Tin Htoo

Naing, secretary of Dawei SEZ.

Things are being delayed just as foreign

investors were showing interest in the project.

International investors were invited to invest in

Dawei SEZ in October 2019, and many countries

such as Singapore, India, Malaysia, Thailand,

China, South Korea, Vietnam, Australia as well

as several companies from Myanmar showed

interest in investing in the SEZ.

In February, U Myint San, vice chair of Dawei

SEZ Management Committee, told The Myanmar

Times that a state-owned Chinese firm had

expressed interest to invest in Dawei SEZ and

that talks with the Italian-Thai Development

Company Ltd (ITD) as well as the Japan and

Thai governments to kick start development are

at advanced stages.

ITD had been given until March 27 to reply to a

final draft Land Lease Agreement prepared by

the government after which a Notice to Proceed

will be issued to the company once a reply has

been received. It is unclear if this process has

been completed.

Mooted in 2018, the Dawei SEZ is expected to

be the largest SEZ in South East Asia - about

eight times larger than Thilawa SEZ - and over

ten times larger than Kyauk Phyu SEZ when

complete. It has an area of about 50,000 acres

and about 200 sq km.

However, development of the basic infrastructure

in the areas has yet commence due to repeated

delays.

Now, it appears it will take even longer for the

SEZ to get on its feet.


https://www.mmtimes.com/news/development-

dawei-sez-expected-be-delayed-again.html

08 Apr 2020

Infrastructure Real EstateUpcoming Events MIC Permitted ProjectsTender OpportunitiesPolicy and Regulation InfrastructureFinancial and Business

https://www.mmtimes.com/news/development-dawei-sez-expected-be-delayed-again.html

12 April 2020


World-class water treatment plant project to come into sight in Yangon

At a time when every effort is being made to

ensure equitable urban development in Yangon,

a host of various projects are being implemented

not only in the downtown but also in the outskirts.

The implementation of establishing a world-class

water treatment plant project has already begun

in Twantay, Yangon Region.

The site of the world-class water treatment plant

project is beside 5.5 nautical miles of Twantay

canal near Phayagyisu village, Pateswe village

tract, Twantay Township. Once the project is

completed, purified drinking water will be

distributed to local people from Twantay and

Dala.

Officials met in discussions

In regard to the world-class water treatment plant

project, officials met locals and discussed with

them at the prayer hall of U Pyue Pagoda in

Phayagyisu village at 9 am on 3 March in 2020.

During the meeting, departmental officials from

Dala and Twantay Townships briefed locals

about the water treatment plant project.

“With the assistance provided by Japanese

government, Yangon City Development

Committee (YCDC) is taking charge of the

project in an effort to supply drinking water to

local people in Twantay, Dala and Kawhmu

townships located in the south district of Yangon”

said Daw Thin Thin Soe, in-charge and assistant

head of water availability and water supply under

the YCDC.

The water treatment plant project will be

implemented at a cost of 4.176billion Yen. The

government bought a land plot having 18.778

acres of farmland in Phayagyisu village in

Twantay where the project will be established. As

regards, the public meeting was held on 3 March

and discussions with local people centered on

matters relating to the project.

Distribution of 3.3million gallons of water

The world-class water treatment plant will treat

sewage from Twantay canal in the multiple

processes and then supply 3.3million gallons of

drinking water to local people in Dala and

Twantay townships daily through the township

water supply pipeline network.

The drinking water will be distributed to the local

people from Kawhmu and Kungyangon

townships by car.

Source: Mizzima News

https://www.globalnewlightofmyanmar.com/world

-class-water-treatment-plant-project-to-come-

into-sight-in-yangon/

29 Mar 2020






said Tuesday.








ecosystem.”




Food.

















GrabFood Myanmar.


soon.













12 Feb 2020

Infrastructure Waste and WaterUpcoming Events MIC Permitted ProjectsTender OpportunitiesPolicy and Regulation InfrastructureFinancial and Business

https://www.globalnewlightofmyanmar.com/world-class-water-treatment-plant-project-to-come-into-sight-in-yangon/


12 April 2020


IDP camps face food, water shortages amid COVID-19 fears

Camps for the internally displaced persons

(IDPs) face food and water shortages as people

are afraid to leave the compound for fear of

getting the COVID-19 virus, camp officials said.

Dd Htang Nan of the Kachin Baptist Convention

(KBC) camp in Kutkai township, Shan State, said

people living in the camp are in dire need of rice,

oil, salt and other basics because no one can go

outside the camp.

“We cannot work outside as all the businesses

are closed,” she said. “We don’t have enough

food for the 300 people in the camp, so this is a

big concern for us.”

There is also the threat of a water shortage as

the hot season begins, and the wells and ponds

that supply the camps with water start to dry up.

About 9000 ethnic Shan and 97,800 ethnic

Kachin were living in 171 camps in northern

Shan and Kachin states in 2019, according to the

UN Office for the Coordination of Humanitarian

Affairs.

Ko Zaw Zaw Tun, secretary of the Rakhine

Ethnics Congress, said that half of the camps in

Buthitaung township in Rakhine State face water

shortages.

“We have received no help from the government

to prevent a water shortage,” he said. “Aid

organisations are trying to reach out to the

camps to help, but some of them are in conflict

zones,” he said.

Dozens of local and foreign aid organisations

have urged ethnic armed groups in Myanmar to

stop fighting so the country can focus on

stopping the spread of COVID-19, but fighting

continues between the Tatmadaw (military) and

Arakan Army in Rakhine.

About 140,000 people have been forced to flee

the fighting between the Tatmadaw and AA, and

are living in more than 100 camps in Rakhine,

the congress said.

The Tatmadaw recently rejected a ceasefire,

calling the idea impractical because the ethnic

armed groups would violate the truce.


https://www.mmtimes.com/news/idp-camps-face-

food-water-shortages-amid-covid-19-fears.html

07 Apr 2020

Infrastructure Waste and WaterUpcoming Events MIC Permitted ProjectsTender OpportunitiesPolicy and Regulation InfrastructureFinancial and Business

https://www.mmtimes.com/news/idp-camps-face-food-water-shortages-amid-covid-19-fears.html

12 April 2020


China cautioned against forcing Myanmar to accept BRI, investments

China’s economy and military may be infinitely

superior compared to Myanmar’s, but resorting to

strong-arm tactics will not help advance its Belt

and Road Initiative and other investment projects

in its distrustful Southeast Asian neighbour, a

global security organisation said.

The International Crisis Group (ICG) warned that

if China used coercion to achieve its objectives in

Myanmar, it will face resistance and “stoke public

anger”.

“Given the country’s deep reservoir of anti-

Chinese sentiment, it is critical that Beijing and

Nay Pyi Taw design and carry out commercial

projects in a transparent and mutually beneficial

way, in close consultation with the locals most

affected,” it said in the report Commerce and

Conflict: Navigating Myanmar’s China

Relationship, released on March 30.

The Brussels-based non-profit organisation that

conducts research, and analyses on global

crises, noted China’s big plans for Myanmar in its

Belt and Road Initiative, a global project that

aims to connect Asia with Africa and Europe

through land and maritime networks.

While the raging COVID-19 pandemic can

temporarily distract China from its ambitious

initiative, the deadly pneumonia-like disease is

not likely to diminish the Asian giant’s resolve to

make BRI a reality.

Among China’s plans for Myanmar under the BRI

is a multi-billion-dollar China-Myanmar Economic

Corridor connecting land-locked Yunnan

province with the Indian Ocean seaboard in

Rakhine State via Mandalay.

Aside from the BRI big-ticket projects, there is

also a large amount of private Chinese capital

flowing into Myanmar, for everything from

plantation agriculture to commercial property

development.

The ICG observed that many Myanmar people

still do not see how they would benefit from some

of these projects.

“Locals do not welcome all this investment, in

which they sometimes see little benefit for their

communities,” it said.

It also remains unclear whether these projects

will finally resolve the decades-long conflicts

between ethnic armed groups and the Myanmar

government, especially in Shan and Rakhine

states.


https://www.mmtimes.com/news/china-

cautioned-against-forcing-myanmar-accept-bri-

investments.html

08 Apr 2020






said Tuesday.








ecosystem.”




Food.

















GrabFood Myanmar.


soon.













12 Feb 2020

Infrastructure Other InfraUpcoming Events MIC Permitted ProjectsTender OpportunitiesPolicy and Regulation InfrastructureFinancial and Business

https://www.mmtimes.com/news/china-cautioned-against-forcing-myanmar-accept-bri-investments.html


12 April 2020


Pandemic delays construction of Tarmwe market

The construction of the Tarmwe township market

in Yangon will be further delayed due to the

COVID-19 pandemic, an official said.

The planning is almost done for the construction

of temporary stalls for shop owners, said U Hla

Thein, a regional MP for Tarmwe.

He said that even if the 600 temporary stalls are

completed, the construction of the market could

not start immediately as everybody in the country

is focused on preventing the spread of COVID-

19.

“The construction of the market has been slowed

by COVID-19, but it will start before the rainy

season,” he said.

The market, which has been planned since 2012,

has been delayed by disputes over the building

plan and objections by shop owners, U Hla Thein

said.

U Win Zaw, who operates a shop in the market,

said that only half of the concerns they raised

have been addressed. “We will bring up the

remaining concerns at a future meeting,” he said.

The new market will have six storeys for a

market, library, communications centre, movie

theatres and car park, according to the Yangon

City Development Committee.


https://www.mmtimes.com/news/pandemic-

delays-construction-tarmwe-market.html

08 Apr 2020

Infrastructure Other Infra

MIC to accelerate approvals for labour-intensive, healthcare investments

The Myanmar Investment Commission (MIC) will

accelerate approvals for investments in labour-

intensive and infrastructure projects, MIC

secretary U Thant Sin Lwin said last week.

This is to ensure as many workers find jobs as

possible to offset the impact of lay-offs in other

sectors such as manufacturing and tourism.

The MIC will also accelerate approvals for

healthcare and medical equipment businesses,

including those involved in manufacturing

supplies such as face masks. It will also prioritise

pharmaceutical enterprises, healthcare service

providers, U Thant Sin Lwin said.

“We are continually watching the possible impact

of COVID-19 on Foreign Direct Investments

(FDI) and will prioritise investors who are able to

provide more jobs and contribute to preventing

and fighting COVID-19,” he said.

The MIC received US$3.2 billion worth of FDI

from 154 permitted business as well as capital

raising from existing projects in the current fiscal

year from October 1, 2019 until April 7, 2020,

according to MIC data.

While, business operations are slowing as a

result of COVID-19 in Myanmar, U Thant Sin

Lwin said there is so far no decline in investment

proposals or withdrawals and cancellations in

permit applications and approved projects.

“Currently, we are still receiving investment

proposals and permit applications from the

garment manufacturing sector even though many

factories have stopped operations as a result of

COVID-19,” he said.

The MIC on April 3 approved US$555 million and

K15 billion for 11 new projects in the

manufacturing, construction and services

sectors. Meanwhile, more capital was injected

into 13 existing projects. The projects are

expected to create 3,234 job opportunities for

Myanmar citizens.


https://www.mmtimes.com/news/mic-accelerate-

approvals-labour-intensive-healthcare-

investments.html

11 Apr 2020


https://www.mmtimes.com/news/pandemic-delays-construction-tarmwe-market.html

https://www.mmtimes.com/news/mic-accelerate-approvals-labour-intensive-healthcare-investments.html

12 April 2020

Policy and Regulation

17

12 April 2020


Govt calls off investment forums, approves US$550 million in FDI in Marche

Four state and regional investment forums have

been cancelled due to COVID-19.

“We postponed the investment forums to be held

in Yangon, Bago, Monywa of Sagaing and

Mandalay,” said U Aung Naing Oo, permanent

secretary of the Ministry of Investment and

Foreign Economic Relations.

The investment forums serve as a platform for

investors to explore opportunities to work with

local businesses, beyond Yangon. As a result of

the cancellations, investments could decline by

as much as 40 percent, U Aung Naing Oo said.

The Myanmar Investment Commission (MIC) on

April 3 approved more than US$550 million in

foreign direct investment for 11 projects and

another K50 billion in local investments on April

3, even as the COVID-19 outbreak continues to

develop in the country.

The approved amount of US$555.23 million and

K51.04 billion is being directed to sectors

including manufacturing, construction and

services, in addition to the expansion of 13

existing businesses.

After the projects the investments intended for

are operational, a projected total of 3234 jobs will

be created the MIC said in its statement.

As of the end of March, Singapore, China and

Thailand topped the list of foreign investors in

Myanmar.

According to the MIC’s data, a total of 51

countries have invested in 12 economic sectors

in Myanmar, with oil and gas drawing the most

investment at 26.9pc, followed by power

generation and manufacturing.


https://www.mmtimes.com/news/govt-calls-

investment-forums-approves-us550-million-fdi-

march.html

07 Apr 2020

Myanmar aviation sector expected to become profitable, but more pain ahead first

Myanmar’s aviation industry is betting on a more

profitable future with the number of airlines now

reduced to half compared to 2017 and demand

for domestic air travel expected to catch up with

supply. However, they will have to swallow more

losses in the short term before things get better.

There are currently five airlines in Myanmar,

down from ten three years ago. But even though

there are fewer players now in the market, the

volume of passengers flying domestic remains

below three million, according to government

data.

At those levels, demand is not sufficient to cover

the industry’s losses, U Kyaw Nyein, CEO of

Golden Myanmar Airlines (GMA), told The

Myanmar Times in a recent interview.

But profitability is possible in the years ahead,

making it a good time for the remaining airlines to

accelerate their plans for expansion to capitalise

on future demand, according to a 2019 report by

the Centre for Asia Pacific Aviation.

Last year, GMA took delivery of a new aircraft,

taking its current fleet of ATR-72s to three. “With

the additional seats, we can now fly daily

compared to alternate days before. We will also

extend our destinations to include more flights to

Dawei and Kaw Thaung, which could be potential

tourist attractions in the future,” U Kyaw Nyein.

Air KBZ has also been expanding. Last year, it

upgraded its fleet of planes and announced new

destinations to Dawei , Kaw Thaung , Myeik,

Sittwe, Kyaingtong, Hkamti and Loikaw. its sister

airline, Myanmar Airways International, added a

new Airbus A319 to its fleet, expanding its

capacity by 144 passengers.

Tanes Kumar, commercial director for Air KBZ,

said even though the new routes are not yet

profitable, the main aim of adding new

destinations is to expand the airline’s network

and connectivity. “This gives passengers more

options and allows employees to learn new skills

for more expansion in the future,” he said.

Source: Myanmar Timeshttps://www.mmtimes.com/news/myanmar-aviation-sector-expected-become-profitable-more-pain-ahead-first.html

27 Jan 2020

Policy and RegulationUpcoming Events MIC Permitted ProjectsTender OpportunitiesPolicy and Regulation InfrastructureFinancial and Business

https://www.mmtimes.com/news/govt-calls-investment-forums-approves-us550-million-fdi-march.html


12 April 2020


Reform Activities of the Central Bank of Myanmar

During the 4th year period, the Central Bank of

Myanmar has carried out reform activities, and

that an interview was conducted on Governor U

Kyaw Kyaw Maung for the esteemed readers.

Question: Kindly explain us over the reduced

bank interest rate by the Central Bank of

Myanmar.

Answer: We made the announcement after the

World Health Organization defined the COVID-19

outbreak as a pandemic on 12 March 2020 to

counter the negative impact and ease the state

economy with the intent to help assist the

economy. According to our directive, beginning

12 March 2020 the interest rate of Central Bank

has been changed from (10) per cent to (9 point

5 per cent) by reducing down (0 point 5) per cent.

The minimum bank deposit rate will be lowered

to (7.5) percent from (8) per cent while the

maximum lending rate will be lowered to (12

point 5) per cent for collateralized loans. It is to

fix (15 point 5) per cent for non-collateralized

loans. These changes are to take effect on 16

March 2020. For immediate support to stimulate

the state economy, Myanmar Central Bank

interest rate has been pulled down from (9 point

5) per cent to (8 point 5) per cent additional cut of

(1) per cent.

With the interest rate reduced, the minimum bank

deposit rate and the maximum lending rate would

be reduced to (1) percent compared to earlier

bank rate. In other words, the minimum bank

deposit rate would be (6 point 5), and that the

maximum lending rate would be (11 point 5) per

cent.

The maximum lending rate would not be more

than (14 point 5) per cent either collateralized or

non-collateralized. The changes take effect on 1

April 2020. The reduced bank interest rate is

tantamount to easing “borrowing cost” and

elevates the investment by pumping goods and

services in the market, resulting with strong

“economic activities.

Q: Kindly tell us about new bill of 1000-kyat note

with Bogyoke Aung San portrait.

A: We have planned to print new bill with

Bogyoke Aung San portrait since a long time.

The Central Bank of Myanmar introduced a

1,000-kyat note on 4 January 2020, the

independence day of Myanmar, honoring

Bogyoke Aung San.

Source: The Global New Light of Myanmar

https://www.globalnewlightofmyanmar.com/refor

m-activities-of-the-central-bank-of-myanmar/

09 Apr 2020

Yangon COVID-19 prevention frustrated by administrative discord

A lack of cooperation among key township

officials is hampering the effort to combat

COVID-19 and raises questions about how a

city-wide lockdown will be enforced during

Thingyan.

ON MARCH 28, I went to the ward administration

office in my township, North Okkalapa, to offer

my services as a volunteer in the fight to prevent

COVID-19.

I suggested to the ward administrator that a

community-based volunteer group, with

members from every street, be established to

monitor all movement. He seemed to like the

idea, but said he had received no instructions to

form such a team.

“We can’t do anything without instructions,” he

said.

It’s a fairly standard response from a bureaucrat

that perhaps in normal circumstances wouldn’t

raise too many eyebrows. But at time when

people are nervous and feel vulnerable because

of COVID-19, inaction from government officials

can be a significant source of tension.

The following day, matters nearly came to a head

in my ward. At the time health authorities had

confirmed 10 cases of COVID-19 in Myanmar,

most of which had been related to overseas

travel. We had seven returnees from abroad in

our ward who were self-quarantining at their

homes, but they were not being monitored by the

ward authorities. That night, a crowd of

concerned ward residents gathered in front of the

administrator’s home to complain about the

situation.

One woman described the administrator as

“useless” and accused him of “getting the whole

ward into trouble”.

The administrator appeared and asked people to

calm down. He promised to send the returnees to

a quarantine centre, which he did two days later.

Before, I wasn’t particularly interested in my

neighbourhood. But working from home as a

precaution against the spread of COVID-19 has

enabled me to observe it more closely,

particularly the way local officials are responding

to the coronavirus threat.

North Okkapala is one of 33 townships that make

up the Yangon municipal area, and has a

population of about 300,000 across 22 wards.


https://frontiermyanmar.net/en/yangon-covid-19-

prevention-frustrated-by-administrative-discord

09 Apr 2020


https://www.globalnewlightofmyanmar.com/reform-activities-of-the-central-bank-of-myanmar/

https://frontiermyanmar.net/en/yangon-covid-19-prevention-frustrated-by-administrative-discord

12 April 2020


Myanmar President Orders Officials to Preserve Evidence of Rakhine Atrocities

YANGON—The Myanmar President’s Office on

Thursday ordered Union-level ministries and the

Rakhine State government to preserve evidence

related to alleged human rights violations against

the Rohingya in northern Rakhine State that

were investigated by a government commission.

The President’s Office said the aim of the

directive is to assist criminal investigations and

ensure they proceed against the perpetrators. It

also warns that anyone who destroys evidence

will be prosecuted.

The Independent Commission of Enquiry (ICOE)

was formed by the Myanmar government in 2018

to investigate allegations of human rights

violations and related issues in the wake of

terrorist attacks by the Arakan Rohingya

Salvation Army (ARSA) in Rakhine State.

More than 700,000 Rohingya fled Myanmar to

neighboring Bangladesh in late 2017 after the

government’s security forces launched clearance

operations in northern Rakhine State in response

to the ARSA attacks. Those who fled recalled

arbitrary killings, rape and arson against their

property by Myanmar security forces. UN

investigators said the operations had “genocidal

intent”. Both the Myanmar government and

military have denied the accusations.

In January, the commission submitted its final

report to Myanmar President U Win Myint and

State Counselor Daw Aung San Suu Kyi. While

denying the security operations had genocidal

intent, the report admitted that “war crimes,

serious human rights violations, and violations of

domestic law took place.”

The report states that crimes occurred including

mass killings of Rohingya and the failure to

prevent the burning of homes in abandoned

Muslim villages—both alleged to have been

committed by members of the Myanmar security

forces.

President U Win Myint forwarded the report to

the country’s military chief and Union Attorney

General (UAG) for use in investigating and

prosecuting the military personnel responsible.

Both the UAG’s office and the Office of the Judge

Advocate General said they are undertaking

criminal investigations into the incidents

mentioned in the report, Thursday’s directive

states.


https://www.irrawaddy.com/news/burma/myanma

r-president-orders-officials-preserve-evidence-

rakhine-atrocities.html

09 Apr 2020

Workers, mothers and elderly to benefit from $25m in COVID-19 foreign aid

MORE THAN US$25 million is being provided by

the Livelihoods and Food Security Fund (LIFT),

European Union, United States and Australia to

support Myanmar’s response to the COVID-19

pandemic, including cash grants totalling millions

of dollars to affected or vulnerable groups.

The assistance will benefit workers who have lost

their jobs, internal migrant workers and those

returned from abroad, mothers, the elderly and

people displaced by conflict. It also includes

technical support and the supply of medical

equipment.

Many of those targeted will receive one-off or

ongoing cash payments distributed through the

Wave Money mobile platform, making

disbursement faster and more efficient.

In separate statements on April 9, LIFT, the EU

and Australia announced funding support of

$15.8 million, €5 million (about $5.47 million) and

AUD$500,000 (about $318,000), respectively.

The announcements came after the US said on

March 31 it was providing Myanmar with about

$3.8 million in health and humanitarian funding

as part of its emergency support for member

countries of the Association of Southeast Asian

Nations.

LIFT said its funding support was expected to

benefit about 5.9 million people and was focused

on the most vulnerable: migrants, the elderly,

internally displaced people, pregnant women and

those with children aged under two.

It said $2.9 million had been allocated for

immediate assistance to migrants to prevent the

spread of the virus and to provide economic and

legal support. The allocation includes $1.7 million

to support an estimated 310,000 internal

migrants in peri-urban areas, and $1.2 million for

110,000 returned migrant workers.

LIFT is also providing $4.93 million to cover the

cost of a one-off payment of K30,000 to pregnant

women and mothers of children under the age of

two. The payment will benefit more than 1 million

people, including 242,000 directly. One-off

payments of K30,000, totalling $4.07 million, will

also be provided to support the elderly.

Civil society is receiving $1.5 million from LIFT to

strengthen the assistance it is providing to the

government’s response, and the fund is also

providing $268,000 to give IDPs in Rakhine State

access to clean water and hygiene products.


https://frontiermyanmar.net/en/workers-mothers-

and-elderly-to-benefit-from-25m-in-covid-19-

foreign-aid

10 Apr 2020


https://www.irrawaddy.com/news/burma/myanmar-president-orders-officials-preserve-evidence-rakhine-atrocities.html

https://frontiermyanmar.net/en/workers-mothers-and-elderly-to-benefit-from-25m-in-covid-19-foreign-aid

12 April 2020

Tender Opportunities

21

12 April 2020

PwC

Tender Opportunities in Myanmar


Source: World Bank Group, Asian Development Bank, Consult Myanmar

No Organisation Title Publication Date Closing Date

1 Asian Development Bank Climate-Friendly Agribusiness Value Chains Sector Project - CS-09 Capacity Building and Climate Smart

Agriculture Training Consultants (48409-003)

19-Feb-2020 20-Apr-2020

2 Asian Development Bank TA-9916 REG: Greater Mekong Subregion Sustainable Agriculture and Food Security Program (53391-001) 05-Apr-2020 20-Apr-2020

3 Asian Development Bank TA-9915 REG: Greater Mekong Subregion Climate Change and Environmental Sustainability Program -

Consulting Firm (53390-001)

05-Apr-2020 20-Apr-2020

4 World Bank Consultancy Services for Water Storage ASA 08-Apr-2020 21-Apr-2020

5 Asian Development Bank Climate-Friendly Agribusiness Value Chains Sector Project - CS-02 Feasibility Studies and Detailed Design

Consultants (FSDDC) (48409-003)

25-Feb-2020 25-Apr-2020

6 Yangon City

Development Committee

Invitation for Prequalification Greater Yangon Water Supply Improvement Project Phase 2 17 Mar 2020 04 May 2020


12 April 2020

MIC Permitted Projects

23

12 April 2020

PwC

MIC Permitted Projects – Meeting (5/2020)


No Name of Company Type of Investment Form of Investment

1Habras-MZZ Plantation Myanmar Co., Ltd Plantation of eucalyptus, acacia and sales of pulpwood chips Joint venture

2TBS Myanmar Co., Ltd Manufacturing of handbags for 100% export Wholly foreign-owned

3Zhong Lian Feng Co., Ltd Production and sales of Mind Steel (MS) rods Wholly foreign owned

4Wiseley Enterprises Limited Manufacturing of garment on CMP basis Wholly foreign owned

5Sann Shinn & Brothers Co., Ltd Manufacturing and sales of fibre cement board Wholly Myanmar owned

6Myanmar Fiber Optic Communication Network Co., Ltd

Construction operation (lease),and maintenance of towers, masts, rooftop

polesWholly foreign owned

7 Myanma Kyal Sin Lin Construction Co., Ltd. (Lashio

District)

Construction of community centre, staff house, and leasing of shop house on

BOT basisWholly Myanmar owned

8 Myanma Kyal Sin Lin Construction Co., Ltd. (Taunggyi

District)

Construction of community centre, staff house, and leasing of shop house on

BOT basis

Wholly Myanmar owned

9 Century Bright Gold Co., Ltd Construction and operation of agricultural machinery and construction

material shopping centreWholly Myanmar owned

10

School City Co., Ltd (Permit)

Construction, leasing and management of commercial and office building,

school and transportation related services including bus exchange and taxi

stand

Joint venture

Source: DICA


12 April 2020

Upcoming Events

25

12 April 2020

PwC

Upcoming Events


Source: 10times.com, go-Myanmar.com

No Date Location Name of Event Sector Focus Points

1 27-28 Apr 2020 Yangon Myanmar Insurance Summit Banking & Finance “The theme of the conference will be Ushering In the New Growth Wave

to give a quick synoptic overview of the potential in Myanmar while

highlighting the power of strategic alliance and partnership to serve the

needs of the growing market for protection.”

2 12-14 May 2020 Yangon AAPG/EAGE Myanmar Oil & Gas Conference Power and Energy “AAPG/EAGE Myanmar Oil & Gas Conference will provide the

opportunity to understand the significant progress made over the last 16

months and network and share experiences with colleagues. It will cover

areas like Regional Geology & Tectonic Evolution, Depositional Systems

From Source to Sink, Petroleum Systems and Plays, Risk

reduction/management, and Innovation and Emerging Technologies.”

3 20-21 May 2020 Yangon Myanmar Power Development Summit Power and Energy “With a population of around 60 million, Myanmar ranks the lowest in

terms of electrification rate in the ASEAN countries as less than 40% of

its populations have access to electricity. The MPDS is going to invite

around 200 senior representatives from government, power producers

and utilities, investors, banks, law firms and suppliers to discuss the latest

development of Myanmar power industry and share insights into its future

prospects in an quickly evolving global energy mix.”

4 26-28 Jun 2020 Yangon Agri Tech Myanmar Agriculture &

Forestry

“The Myanmar International Livestock and Agriculture Show will focus on

the development of the livestock and agriculture sector by educating and

transferring the new technology and introducing new products and

services to the farmers, connecting local business personnel with the

international in their respective fields, and to draw the attention of

investors in the livestock and agriculture sector in Myanmar.”


12 April 2020

PwC

PwC Myanmar


PwC Myanmar helps organisations and individuals create the value they’re looking for. Our firm comprises of highly qualified local professionals with years of international experience, supported by

domain experts from PwC Singapore; a combination that brings you in-depth, on-the-ground knowledge base while tapping on PwC’s global reach and expertise. We are committed to helping organisations

adapt their commercial interests successfully, transform and develop their operations, solve their business issues, and identify as well as maximise the opportunities they seek.

With the opening of our firm in Yangon on 6 November 2012, PwC Myanmar is a member firm of the PwC Network - comprising of a network of firms (with each being a separate legal entity) in 157

countries with more than 276,000 people, who are dedicated to working together, providing quality services to clients throughout the world.

PwC Service Offerings • Business strategy

• Busy-side due diligence

• Capital projects & infrastructure advisory

• Capital raising

• Corporatisation & Privatisation

• Direct and indirect taxation services

• Governance and controls

• Forensic services

• Incorporation and corporate secretarial services

• IFRS/Financial reporting advisory

• Joint venture & strategic alliance

• IT risk and security

• Post-deal integration

• Mergers and acquisition – sell side transaction support

• Mergers and acquisitions – financial Advisor

• Market entry advisory & market studies

• Stock market listing preparation

• Project assurance

• Pre-deal re-organisation

• Valuations advisory

Transforming Yangon

the Heart of Myanmar

Myanmar Business

Guide

Doing Business in

Yangon

IFRS 16 New Leasing

Standard Tax Updates

Fitting together the

pieces of the

infrastructure puzzle

Our Thought Leadership in Myanmar


© 2020 PricewaterhouseCoopers Myanmar Co. Ltd. All rights reserved. In this document, “PwC” refers to PricewaterhouseCoopers Myanmar Co. Ltd., which is a member firm of

PricewaterhouseCoopers International Limited, each member firm of which is a separate legal entity. Please see http://www.pwc.com/structure for further details.

PwC Myanmar Weekly Business Intelligence PublicationFor further information please contact:

Jennifer Tay

Partner

Capital Projects & Infrastructure, PwC Singapore

+65 8876 9300

[email protected]

Soe Moe Aung

Manager

Deal Advisory, Capital Projects & Infrastructure, PwC Myanmar

+95 968 082 3394

[email protected]

mailto:[email protected]

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