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Myanmar Investor News Letter (May 22, 2014)
Tenders
Myanmar Oil and Gas Enterprise under Ministry of Energy invites open tenders for supply 10" and 14" ERW Steel Line Pipe, Pipe Lifting & Aligning Equipment, Spares for Jumbo Tube & Storage Cascade for CNG Stations and Other accessories. Tender closing date is 18th June 2014, 16:30 Hr. For more detail, please contact obnash@ronoc.ie
Myanmar Petroleum Products Enterprise (MPPE) under Ministry of Energy is seeking an experienced partner to form a joint venture for the importation, storage, distribution and sales of jet fuel in Myanmar's airports. So, MPPE invites for Expression of Interest (EOI) from Interested Parties. Interested foreign companies should please submit the Letter of Expression of Interest together with a completed Pre-Qualification Application form (posted on MOE's website). For more detail, please contact obnash@ronoc.ie
No. (1) Mining Enterprise under Ministry of Mine invites open tender for sale of (600) Metric Tons of Cathode Copper in US$. Closing date is 11 June 2014. For more detail, please contact obnash@ronoc.ie
USD to MMK Exchange Rate
16-May 963 Kyats
19-May 963 Kyats
20-May 964 Kyats
21-May 964 Kyats
22-May 964 Kyats
Gold price in (gm) Value in Kyats
16-May 40002.58
19-May 40048.61
20-May 40125.39
21-May 40018.42
22-May 40107.59
News Highlights
Politics
Draft Intellectual Property Rights (IPR) laws has been completed
NLD and 88 challenge Myanmar Army to amend constitution Peace talks resumed in this week
Business & Investments
Vietnam's FPT enters Myanmar's telecom market
Universal Robina Corp to invest $30 million in Myanmar
Shinhwa International seeking opportunities in Myanmar
Korean Consortium starts $220 Mn luxury hotel project in Yangon
Ball Corp plans to open beverage can plant in Yangon
Politics
Draft Intellectual Property Rights (IPR) laws has been completed
Draft of Intellectual Property Rights (IPR) has been completed and will be submitted for parliamentary approval soon. The draft laws have been sent to Attorney General's office and the laws come about a century after the 1914 copyright law. Read More
NLD and 88 Generation challenge Myanmar Army to amend constitution
NLD and 88 Generation made joint public speech to amend Myanmar's constitution in Yangon and Mandalay on May 17 and 18, 2014. Thousands of people attended to hear the speech of Suu Kyi and NLD leaders together with 88 Generation activist Min Ko Naing. Suu Kyi urged to start signature campaign for constitutional amendment and explained how to sign and to discuss with family and friends. Read More
Peace talks resumed in this week
Representatives from Nationwide Ceasefire Coordination Team (NCCT) and Union Peace-making Work Committee (UPWC) began the peace talks focusing on finalizing a single draft ceasefire agreement that can be accepted by the government, the army and 17 different ethnic armies. Read More
Business & Investments
Vietnam's FPT enters Myanmar's telecom market
Vietnam-based FPT, information and communications Technology Company, recently signed a joint venture deal with Irrawaddy Towers Asset Holding (ITAH) to set up cellular towers in Myanmar. ITAH and FPT have planned to set up 2000 towers around the country. And FPT pledges to help with technology, skilled workforce and necessary equipment. FPT is Vietnam's largest publicly traded telecommunications and software company.Read More
Universal Robina Corp to invest $30 million in Myanmar
Filipino food and beverage manufacturer, Universal Robina Corp (URC), will invest $30 million to build a consumer food factory in Myanmar. URC had obtained an investment license and had commissioned to establishment of its own facilities in Myanmar. URC will own 95% of the Myanmar facilities and the rest 5% will be owned by local partner. Read More
Shinhwa International seeking opportunities in Myanmar
Korea based Shinhwa International's CEO has visited to Myanmar and had an official meeting with the deputy minister of Ministry of Electric Power and discussed possibilities of establishing a 300 MW coal fire plant in the Mawlamying region. They also discussed establishing duty-free stores in Yangon and Mandalay International Airports. Read More
Korean Consortium starts $220 Mn luxury hotel project in Yangon
The Consortium of Daewoo International, POSCO E&C, Lotte Hotel and KDB Daewoo Securities launched a project to develop luxury hotel infrastructure in Yangon. Project is to build a 15-storey luxury hotel and a 29-storey serviced residence building on a 2,183-square-metre site near Inya Lake. The 15-storey luxury hotel building will have 346 guest rooms and the 29-storey development will have 321 rooms. Daewoo International will take a project manager role while POSCO E&C will lead the construction. Lotte Hotel will operate the properties after construction is completed. KDB Daewoo Securities will take a leading role in funding the project. Read More
Ball Corp plans to open beverage can plant in Yangon
Broomfield-based Ball Corporation, American's famous glass canning jars producer, will build a one-line beverage can manufacturing plant in Yangon with a long -term contract to supply Coca-Cola Pinya Beverages and other local, regional and multinational customers. The production is expected to begin mid of 2015. Read More
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Myanmar Statistics
GDPUSD 59.4Bn
GDP Growth
7.5%
Population
65Mn
Inflation
5.6%
Bank Deposit
8%
Bank Lending
13%
Upcoming Events
(May 25-28) - Myanmar Urban Development Conference 2014.
(May 25-28) Myanmar Real Estate Show 2014.
(May 21-23) Myanmar Medi-Pharm Expo
(May 26-27) Myanmar Manufacturing Summit 2014.
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.
Ronoc Myanmar