RONOC 뉴스레터 (2018.3.23)

[mbintl]

Myanmar Investors Newsletter

News Highlights

Business & Investments

• USD 3 Bn has been brought into Myanmar by Natural Gas Export
• USD 120 Mn investment plan in Myanmar factories by Vietnam's Eurowindow
• USD 3 Mn in grants funding from Myanmar's agtech firm Impact Terra
• USD 596 K loan has secured by Mandalay Coffee Group from Yoma Bank
• MMK 10 Bn Reduction in Yangon Budget by Government
• iMyanmarHouse.com in talks for partnerships with foreign real estate firms
• Tony Fernandes says in talks to expand AirAsia to Myanmar by October
• KT Group inks deal with Philippines startup to sell prefab homes
• Fraser & Neave returns to Myanmar's beer market

Politics

• Japan eyes Hantharwaddy airport construction project
• Union Tax Law to be approved in Parliament
• Wa group not ready to sign ceasefire
• ASEAN, Australia to help in Rakhine crisis

Business & Investments

USD 3 Bn has been brought into Myanmar by Natural Gas Export

US$3,100 million has been brought into Myanmar because of natural gas export in this fiscal year. The figure is $361 million more than that of same period last year, assistant secretary of the commerce ministry U Khin Maung Lwin told The Myanmar Times.

USD 120 Mn investment plan in Myanmar factories by Vietnam's Eurowindow

Eurowindow, Vietnam's leading supplier of doors and facades, plans to invest up to $120 million in setting up two factories in Myanmar to supplement both local and regional demand.

USD 3 Mn in grants funding from Myanmar's agtech firm Impact Terra

Myanmar-based agriculture and fintech enterprise Impact Terra has bagged nearly $3 million in grant funding to lead the digitization of smallholder farming, the company announced on March 19.

USD 596 K loan has secured by Mandalay Coffee Group from Yoma Bank

Yoma Bank, a commercial bank under First Myanmar Investment Co Ltd, and Mandalay Coffee Group (MCG), a Mandalay-based coffee processor and exporter, have signed a K800 million (about $596,000) funding agreement to support coffee farmers to increase their output.

MMK 10 Bn Reduction in Yangon Budget by Government

The Union government will reduce the interim April-September budget allocated to Yangon Region by a total of K10 billion, said U Myint Thaung, Regional Minister of Planning and Finance at the Yangon Parliament on March 16.

iMyanmarHouse.com in talks for partnerships with foreign real estate firms

Malaysia-based Frontier Digital Ventures-backed iMyanmarHouse.com, a classified property website, is in the process of advanced discussions for sales partnerships with foreign real estate companies from Singapore, Thailand, Malaysia and China, according to founder Nay Min Thu.

Tony Fernandes says in talks to expand AirAsia to Myanmar by October

Tony Fernandes' AirAsia Bhd is in talks with a potential partner to open an airline serving Myanmar, in a move that would help the low-cost carrier cover up to 95 per cent of the Southeast Asian travel market.

KT Group inks deal with Philippines startup to sell prefab homes

Myanmar's KT Group has inked a deal with the Philippines' most valuable startup to import prefabricated homes and meet growing demand for low-cost housing.

Fraser & Neave returns to Myanmar's beer market

Singapore's Fraser & Neave has gained approval from Myanmar's investment commission to return to the country's beer market, where it would compete against its former partner, military-owned Union of Myanmar Economic Holdings Limited.

Politics

Japan eyes Hantharwaddy airport construction project

The government is in negotiations with Japan for financing the construction of Hanthawaddy International Airport in Bago Region, after the original negotiations with a Singapore-led consortium fell apart in January, Transport Minister U Thant Sin Maung said on Tuesday.

Union Tax Law to be approved in Parliament

Parliament is set to approve the 2018 Union Tax Law today. The bill will include regulations on tax amnesty provisions under which tax payers who have failed to pay tax in the past will be given the opportunity to pay up under lower rates, said Pyidaungsu Hluttaw Speaker Mahn Win Khaing Than.

Wa group not ready to sign ceasefire

The United Wa State Army (UWSA) said it has not yet agreed to sign the government's Nationwide Ceasefire Agreement (NCA) although it is supportive of the concept.

ASEAN, Australia to help in Rakhine crisis

State Counsellor Daw Aung San Suu Kyi asked Southeast Asian leaders and Australia to assist with humanitarian relief and capacity building with regard to the Rakhine crisis during the Australia-ASEAN summit in Sydney over the weekend, a news report said Sunday.

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Key Myanmar Statistics

• GDP - USD 59.4Bn  
• GDP Growth - 5.90 %
• Population - 52.89Mn 
• Inflation - 4.16 %    
• Bank Deposit - 8% 
• Bank Lending - 13% 

USD MMK FX Rates

Date	MMK Rate
23-Mar-2018	1,337.0
22-Mar-2018	1,338.0
21-Mar-2018	1,338.0
20-Mar-2018	1,338.0
19-Mar-2018	1,337.0
16-Mar-2018	1,337.0
Wk Change	0.00%

Dear Subscriber,

The Ronoc Myanmar Investors News Letter informs current and prospective Myanmar-related investment professionals on the recent business news highlights from Yangon, adding in-depth, contextualised analysis from the ground.

 

In addition to this News Letter, we also offer cutting edge Consulting and Advisory Services including bespoke Research Reports covering areas from industry specific, political, economic and investment analysis.

 

Feel free to contact us to further discuss these opportunities.

 

Sincerely,

 

Oliver Belfitt-Nash

About Ronoc

Ronoc is an investment and advisory firm established in 2007. We specialise in emerging markets, retail banking and have offices in New York, London, Dublin, Yangon and Ulaanbaatar. Through our extensive experience of working and investing in the emerging markets, we have developed strong local networks and tailored strategies for operating in challenging political and economic settings.