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Interview

Ken Tun, CEO, Parami Energy Group of Companies: Interview
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Interview:Ken Tun How do you foresee the evolution of the liquefied petroleum gas (LPG) retail market? KEN TUN: As we are beginning from such a low starting point, growth of the LPG market will be very strong. For instance, Thailand’s LPG consumption is 40 times that of Myanmar. The relevance of LPG to the market is also high. Biomass has been used extensively for fuel, which has contributed…
Interview

Stephen Suen, Chairman, Marga Group: Interview
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Interview:Stephen Suen How would you evaluate the current supply-anddemand ratio of residential real estate in Yangon? STEPHEN SUEN: Yangon’s residential supply, like Bangkok’s and Shanghai’s in the past, is inflated by a large number of defective units. Many have a faulty design, are unprofessionally built, have illegal structures, are in bad locations, or are in unacceptable living…
Interview

Shinichi Kitaoka, President, Japan International Cooperation Agency (JICA): Interview
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Interview:Shinichi Kitaoka How can Japanese official development assistance for infrastructure development contribute to productivity and efficiency gains for the economy? SHINICHI KITAOKA: Myanmar is geographically and strategically important in terms of connecting ASEAN to South Asia and helping to realise Japan’s Free and Open Indo-Pacific initiative via its three infrastructure support…
Interview

U Zaw Min Win, President, Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI): Interview
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Interview:U Zaw Min Win What should be the next priorities for improving business conditions in Myanmar? U ZAW MIN WIN: Myanmar rose six places in the World Bank’s Doing Business Index in 2019 to among the world’s top-20 performers. However, there remains much progress to be made. The priorities for improving conditions should be to minimise transaction costs and time in order to reduce…
Interview

Jens Michel, CEO, METRO Wholesale Myanmar: Interview
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Interview:Jens Michel Where are the core areas of growth within the hotel, restaurant and catering sector? JENS MICHEL: The sector is already sizeable in Myanmar, and one in which growth hinges heavily on tourism and the development of the middle class. Before entering Myanmar we conducted a thorough market study and found the hotel, restaurant and catering market in Yangon to be worth about…
Interview

U Ye Min Aung, Secretary-General, Myanmar Rice Federation; and Managing Director, Myanmar Agribusiness Public Corporation: Interview
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Interview:U Ye Min Aung In what ways can Myanmar diversify production? U YE MIN AUNG: Diversification is great in theory, but it is difficult to achieve. It requires state support and economic strength. If we examine regional trends, it took Thailand and Vietnam decades of commercial rice farming to gather the financing and technical ability to diversify at scale. On top of that, our market…
Interview

U Ding Ying, Chairman, DELCO: Interview
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Interview:U Ding Ying In what ways are Myanmar’s new mining rules impacting international investment? U DING YING: The new mining laws implemented in 2018 were designed with international firms in mind and have made it more straightforward to operate. The Ministry of Natural Resources and Environmental Conservation received over 1000 applications for new licences in the first six months after…
Interview

Daw Su Su Tin, Managing Director for Myanmar, EXO Travel: Interview
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Interview:Daw Su Su Tin In what ways can states and regions take advantage of policy decentralisation? DAW SU SU TIN: Individual states and regions have now increased jurisdiction over their tourism agenda. This is a broadly positive development, although some regional ministers have more experience in this area than others. For instance, the chief ministers of Mandalay, Kayah and Tanintharyi…
Interview

U Aung Chit Khin, Founder, Strategy First University: Interview
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Interview:U Aung Chit Khin How attractive is the sector for private investment? U AUNG CHIT KHIN: Private pre-tertiary schools are very attractive for investment. This segment is high up on the Myanmar Investment Commission’s list of foreign direct investment priorities. Alongside demand from expats, which is recovering after a lull, there is strong domestic demand for such institutions. While…
Viewpoint

State Counsellor Daw Aung San Suu Kyi: Viewpoint
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Viewpoint:Daw Aung San Suu Kyi In emerging and frontier markets such as Myanmar, micro-, small and medium-sized enterprises (MSMEs) are estimated to provide four in five new jobs in the formal sector – some 90% of total employment when the informal sector is also included. Having travelled widely within ASEAN and further afield throughout these past several years, it has become clear to me…