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Interview

Patrick Ip, Managing Director, China-ASEAN Investment Cooperation Fund : Interview
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Interview :Patrick Ip As Chinese foreign direct investment increases, which sectors of Myanmar’s economy stand to benefit most in the short to medium term? PATRICK IP: Through the Belt and Road Initiative (BRI), China is particularly interested in investing in infrastructure and IT development in other countries, although investment is not restricted to these areas. This is not expected to…
Interview

U Than Myint, Minister of Commerce : Interview
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Interview :U Than Myint How is Myanmar’s economy set to benefit from increasing demand from China? U THAN MYINT: undefined In recent years Myanmar has put in place key reforms that affect the overall trade environment, integrating our economy with the global system and encouraging private participation in international trade, and also facilitating access to trade financing. As a result, trade…
Interview

Hiroyuki Ishige, Chairman, Japan External Trade Organisation (JETRO) : Interview
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Hiroyuki Ishige : Interview In terms of both exports and investment, which industries in Myanmar have benefitted the most from trade relations between Myanmar and Japan? HIROYUKI ISHIGE: Approximately 90% of exports from Myanmar to Japan are garments and footwear, with the remaining 10% constituting agricultural and fishery products. In recent years, Japanese investment in Myanmar has been increasing…
Interview

Javier Rielo, Vice-President, Total Asia Pacific: Interview
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Interview:Javier Rielo How important are deepwater projects, and how can break-even costs be reduced? JAVIER RIELO: Natural gas accounts for 35-40% of the power generation mix and is mainly sourced from fields developed in the late 1990s. A new generation of resources needs to be sourced during the next decade to maintain the supply-demand balance. In order to achieve this, Myanmar conducted…
Interview

U Win Khaing, Minister of Electricity and Energy: Interview
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U Win Khaing: Interview How is the government planning to reform subsidies to make energy supply more economically feasible? U WIN KHAING: Tariff review and reform is a priority. The Ministry of Electricity and Energy (MoEE) is fully aware of the causes and consequences of the deterioration of its financial position. For example, the cost of generation has increased significantly because new power…
Interview

Serge Pun, CEO, New Yangon Development Company: Interview
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Interview: Serge Pun What steps can the authorities take to boost investment in affordable housing? SERGE PUN: First and foremost, the government must clarify the scope and purpose of its affordable housing projects. The development of these initiatives should serve people who could not afford a house otherwise, and it must principally serve this strata of society. In other countries the government…
Interview

U Han Zaw, Minister of Construction: Interview
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Interview:U Han Zaw Which infrastructure development projects are being prioritised between 2018 and 2020? U HAN ZAW: It is the responsibility of the Ministry of Construction (MoC) to develop key socio-economic enablers, such as the highway network and the social housing programme. Between 2018 and 2020 we will prioritise roads, bridges and urban development. Key projects include Yangon’s…
Interview

Daw Win Win Tint, CEO and Founder, City Mart Holding: Interview
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Daw Win Win Tint: Interview What factors do investors need to consider when doing business in retail in Myanmar? DAW WIN WIN TINT: There are three essential factors that investors need to consider. First, the investor needs to understand and become familiar with the country’s regulations and procedures related to the retail and wholesale sector. Second, it is important for them to identify market…
Interview

U Win Aung, Chairman, Myanmar Thilawa SEZ Holdings: Interview
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Interview:U Win Aung What benefits have been generated so far by the Thilawa SEZ, and what are the main priorities for its development in the future? U WIN AUNG: The Thilawa SEZ is at a turning point. In recent years, Thilawa has faced a shortage of certain utilities, particularly electricity. However, thanks to Japan’s Official Development Assistance, power supply was secured in the industrial…
Interview

Thadoe Hein, Group CEO, Awba: Interview
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Interview:Thadoe Hein What action is required from the government to address the shortfalls related to irrigation, fertiliser, seeds and machinery? THADOE HEIN: A number of shortfalls contribute to low productivity rates relative to neighbouring countries such as Vietnam and Thailand. We have very comparable land utilisation and acreage, but we are producing approximately a quarter of their…