ข่าวเศรษฐกิจและธุรกิจประจำสัปดาห์

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  United Motor Works Siam (UMWS) signed a major forklift deal with Provincial Electric Authority of Thailand (PEA) Bangkok to provide eco-friendly battery operated forklifts

  BANGKOK - United Motor Works Siam (UMWS) handover 115 electric forklifts to Provincial Electric Authority of Thailand (PEA) Bangkok, in a hand-over ceremony on June 25, as part of a major business deal signed between the two organizations. The dialogue between heads of organization strongly indicates about the long-term partnership and cultivates more business in future. The event, held at UMWS headquarters, was attended by government delegation led by His Excellency Vice Governor Mr. Amnuaychai Suwansoontorn, Mitsubishi Logisnext Asia Pacific (Singapore), and Mitsubishi Logisnext Factory (Thailand) along with other senior officials of UMWS. Mr. Atsushi Tomita, Managing Director of UMWS, said "We are very proud of this achievement now that we have excellent opportunity to contribute in this important government sector which has significant role in daily life of people of Thailand. It requires lot of dedication and tireless efforts to keep the daily supply uninterrupted and needs proper planning for the future. I see it is very tough and challenging job" as part of his keynote speech.
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  Yoma Land is focused on expanding beyond high-end luxury properties into the mass market in a bid to promote home ownership and growth in Myanmar

  Cyrus Pun, managing director of newly launched Yoma Land, is expanding beyond high-end, luxury properties into the mass market in a bid to promote home ownership and grow in Myanmar. Yoma Strategic Holdings and First Myanmar Investments Co (FMI) yesterday announced the launch of Yoma Land, which will hold all the real estate assets of both companies from now on. The new business arm will represent a new division under Yoma Strategic and hold Pun Hlaing Estate, StarCity, Yoma Central and The Peninsula Residences Yangon under its umbrella. “We have combined our real estate projects under one brand, which we hope will help customers identify us as a serious real estate developer,” Mr Pun told the media. With the launch of Yoma Land, Mr Pun also revealed that the firm’s aim will now be on promoting home ownership in fast-growing Myanmar by expanding into mass market property.
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  Investment opportunities in Myanmar’s oil and gas sector might emerge on the back of a string of changes and restructuring efforts

  Opportunities to invest in Myanmar oil and gas are emerging on the back of a string of changes and restructuring efforts now taking place in the sector. The Ministry of Electricity and Energy (MOEE) is currently reviewing the terms and conditions of Myanmar’s existing oil and gas Production Sharing Contracts (PSCs) to draw new investments into the sector, said U Kyaw Thura, a Myanma Oil and Gas Enterprise (MOGE) geologist. The MOGE falls under the remit of the MOEE. “Discussions are underway to revise the existing terms and conditions of the PSCs to create a win-win result for the government and investors in oil and gas exploration and production in Myanmar,” said U Kyaw Thura. The PSCs are being reviewed ahead of potential tenders for up to 31 Myanmar oil and gas blocks, which will be open to both local and foreign investors “in the near future,” officials from the MOGE said during a recent energy expo in Yangon. Although the exact time for the tenders cannot be confirmed, the ministry has commenced preparation for fresh rounds of bidding, which will be conducted “as early as possible”, the MOGE said.
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  Two day Summit was held in Yangon to focus on innovations and new ideas for bank operations, bank strategy, the new digital bank, fintech & bank synergies in Myanmar

  Best practices to successfully operate in markets for banking and financial institutions are being discussed at the Summit held in Yangon. The 2-day summit focuses on Innovations and new Ideas for bank operations, bank strategy, the new digital bank, fintech & banking synergies. Participants from different countries such as Thailand, Singapore, Malaysia and Japan –brings together learning and sharing about financial technology, Digital transformation and block-chain technology. This event brings knowledge together not only for Myanmar but also for the whole participants from other countries. Chairman, Banking and Fintech Summit 2018, Tim Scheffmann said “… There are a lot of new companies who can help banks and to get advantage in the market because they are introduce new technology which is more efficient for the banks. There are lot of new technology can be applied also to Myanmar.”
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  Myanmar Investment Commission (MIC) is now under new management which aims for MIC to be transparent, proactive, and to promote responsible investment

  Chairman of the Myanmar Investment Commission (MIC) Union Minister U Thaung Tun said that the MIC, under new management, will be “transparent”, take a “proactive approach” and promote “responsible investment”. Speaking at a meeting organised by the American Chamber of Commerce, the Australian Chamber of Commerce, the British Chamber of Commerce, and the European Chamber of Commerce at the Melia Hotel in Yangon yesterday, the MIC Chairman stressed that, with the launching of a number of significant steps, Myanmar is now open for business. The MIC is under new management and it is no longer “business as usual” he said. He continued “Let me underscore. The new MIC will be “transparent” and take “proactive approach” in seeking to promote “responsible investment”.
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  The newly appointed chair of MIC will showcase the major economic reforms and investment projects in the third annual Belt and Road Summit in Hong Kong

  The newly-appointed chair of Myanmar Investment Commission (MIC) U Thaung Tun, who is also Union Minister at the Office of the Union Government, is going to lead a delegation to the third annual Belt and Road Summit in Hong Kong this week. Demonstrated by the major economic reforms we have implemented over the past year, the Myanmar government actively and enthusiastically encourages responsible investment in the country. The high-level delegation to Hong Kong, comprising senior policymakers as well as key actors in the private sector, is the latest example of our commitment in this regard. Organised by the Hong Kong Trade Development Council, the Summit will be held from June 27 to June 29. This year’s Myanmar delegation includes members of the MIC, principal officials from relevant ministries, a regional minister from the Yangon government, representatives of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) as well as private businesses and investors based in Myanmar. One of the objectives of the Belt and Road Summit is to explore new economic opportunities under the Belt and Road Initiative. In the forum, the delegation of officials and business leaders from Myanmar will seek to tap into those opportunities and tell the wider world that Myanmar is open for business.
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  Yangon Region is expected to consume 3,000 MW of electricity by 2021-22 (Daw Su Hlaing Wint, Assistant Manager of the Yangon Electricity Supply Corporation – YESC)

  Yangon Region is expected to require 3,000MW of electricity by 2021-22, Daw Su Hlaing Wint, assistant manager of the Yangon Electricity Supply Corporation (YESC) said at the Electricity and Energy Expo in Yangon on June 22. That’s the amount of electricity currently being generated across Myanmar, of which Yangon now consumes just over half at 1,548MW. In other words, Yangon will require the equivalent amount of power now being consumed by the whole country by 2021-22, representing an increase of up to 15pc per year over the next four years, Daw Su Hlaing Wint said. To meet that demand, some K1 billion worth of infrastructure, including substations and transmission lines, will be needed for each additional MW of electricity generated. Yangon Region is expected to require 3,000MW of electricity by 2021-22, Daw Su Hlaing Wint, assistant manager of the Yangon Electricity Supply Corporation (YESC) said at the Electricity and Energy Expo in Yangon on June 22.
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  New Yangon City Development’s CEO, Mr. Serge Pun quizzed over the transparency and the government’s role in the multi-dollar project which aims to attract private sector investment

  YANGON – New Yangon Development Company chief executive officer Mr Serge Pun has defended the government’s role in the multi-billion-dollar project, saying its only ambition is to attract private sector investment. “The whole [New Yangon City] project will be implemented with 100 percent investment from the private sector,” Pun said at a “town hall meeting” in Yangon on Saturday that was held to respond to questions surrounding the new city project. NYDC, which was launched in March, aims to attract US$5 billion in investment to turn an undeveloped part of Yangon Region west of the city into a thriving commercial and residential hub twice the size of Singapore. NYDC is the development vehicle for the project. While it is 100 percent owned by the Yangon Region government, its board contains three independent directors – Pun, former Singaporean foreign minister Mr George Yeo and former senior United Nations official U Tun Myat – and two government representatives.
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  Toyo Ink SC Holdings Co., Ltd, the parent company of the Toyo Ink Group plans to establish a production base in the Thilawa Special Economic Zone in Yangon

  Toyo Ink SC Holdings Co., Ltd., the parent company of the Toyo Ink Group of Japan, today announced plans to make a full-fledged foray into the Myanmar market with the establishment of a production base in the Thilawa Special Economic Zone in Yangon. The company plans to set up in a wholly owned manufacturing subsidiary July 2018 called Toyo Ink Myanmar Co., Ltd. They will begin with an initial paid-in capital of $6.5 million USD. The new factory is scheduled to break ground in November 2018 with commercial operation expected to begin in November 2019. In line with its strategic focus on strengthening its market competitiveness and boosting business development in the region, the Toyo Ink Group had been eyeing expansion in Myanmar while supplying the nation with exports via neighboring countries. In recent years, the government's aggressive policies to attract foreign funding, such as infrastructure enhancements and the relaxation of import restrictions, have substantially strengthened Myanmar's investment climate, making it an attractive investment destination.
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  There is concern that Yangon residents will suffer from foul odours and air pollution if factories are built in residential areas

  WHEN ITALIAN agronomist Mr Paolo Cerati, 45, first moved to Myanmar he admired Yangon’s clean, green environment. That was 13 years ago. Cerati, the founder of a successful fresh fruit and vegetable business, Fresco Myanmar, says the Yangon environment has deteriorated because of pollution. He feels it in his lungs. Cerati welcomes the times when he can escape the city for the fresh, clean air of his chemical-free farm at Heho, near the Shan State capital, Taunggyi. His health is better in the hills and he doesn’t need to use his asthma spray. Cerati believes his asthma was exacerbated by sickening fumes emitted from a raw rubber processing business run as a home industry next to his house in Yangon’s Mayangone Township. As well as posing a health hazard, Cerati said the home industry, which processes rubber sheets, was also a fire risk. “If there was a fire in that house, a toxic cloud would spread over the area for days and force the evacuation of residents,” he said.