Wird diese Nachricht nicht richtig dargestellt, klicken Sie bitte hier.

Newsletter | May 26, 2017

News |
Insights
Office Exhibition |
Upcoming Events

Myanmar Newsletter

Dear reader,

It is my pleasure to invite you to read our newsletter in a new format, proceeding in the good traditions to highlight interesting topics and developments in Myanmar.

I would like to take this opportunity to introduce myself. I gained professional experience in Thailand and Vietnam since 1996 and I served on the Board of Directors of the AHK in Bangkok (GTCC) for the last 10 years.

Since April 1, 2017 I lead the Delegation of German Industry and Commerce in Myanmar. Our team's mission is to provide excellent service and networking opportunities to enhance bilateral trade and assist to further establish Myanmar as a destination for direct investment from Germany.

If you find this newsletter helpful, please visit our website for more information and like us on Facebook!

Yours truly,


Martin Klose,
Delegate of German Industry and Commerce in Myanmar


News

Political, economic and legal news

  • DICA issued lists of restricted investment activities, promoted sectors and promoted areas The lists of restricted investment activities and promoted sectors are already published. Details on promoted areas are still scarce.
    Linkicon More information on the promoted sectors and the restricted investment activities
  • EU-Myanmar Investment Protection Agreement in (most likely) last negotiation round in April 2017 Background information on the IPA and EU-Myanmar trade relations can be found in an interview with Roland Kobia, the EU Ambassador to Myanmar.
     LinkiconMore information
  • By-elections on 1 April 2017 Aung San Suu Kyi's National League for Democracy (NLD) party has retained support in its Yangon strongholds, but loyalty has weakened in ethnic minority areas.
    Linkicon  More information
  • The elections to the German Bundestag will be held on September 24, 2017 Germans in Myanmar will be able to participate in the elections under certain conditions.
     LinkiconMore information

Investment and business news

  • The financial year 2016/17 – first economic developments under the NLD government We have followed many debates about whether or not the most recent economic reforms have shown success. Higher economic growth is forecasted for the year ahead and the government appears confident that it can deliver real benefits while some criticism remains.
    Linkicon  More information
  • Siemens cranes will be used at Myanmar ports Siemens has been operating in Myanmar for over two dacades. Now, Siemens partnered with Myanmar Mahar Htun to equip local ports with latest German technology. Myanmar ports currently have the capacity to handle 20 small tankers (weighing 220.000 DWT).
     LinkiconMore information
  • Unilever signed a joint venture deal with Myanmar's Europe and Asia Commercial Co. Ltd. (EAC) EAC will help to add to Unilever's manufactering capabilities as the venture has a goal of tripling sales to 300 million Euro by 2020.
    Linkicon  More information
  • Myanmar government welcomes Grab and Uber to reform and regulate Yangon's traffic Between 2012 and 2015, the number of cars in Yangon doubled from 160,000 to 320,000. Average vehicle speeds have slowed down significantly. In 2017, the Yangon Regional Government launched traffic reforms – buses, ferries and now taxis. Chief Minister U Phyo Min Thein supports the establishment of ride-hailing services. After Singaporean Grab entered Myanmar with a trial version in March, its U.S. competitor Uber now joined in May. 
     LinkiconMore information

Insights

Häfele (Myanmar) Limited was established in 2014 as part of the Hafele group of companies   (www.hafele.com).
Häfele supplies complete building solutions consisting of architectural hardware, furniture fittings, sanitary fittings, kitchen fittings, home appliances and electronic access control systems to a number of distributors and dealers in Myanmar. 

In Myanmar, Häfele sees an increasing demand for high quality products in the field of major construction projects.Therefore Häfele Myanmar is very proud to announce the opening of its 1st Design Studio in Yangon on 30th May 2017.

The Design Studio is targeting to support developers, architects and designers who want to get a professional support and advice for products and product specifications.

For further questions please contact us via info@hafele.com.mm, visit us on www.hafele.com.mm or call us +95-9444 98 5353 or +95-9444 98 5454

Office exhibition

A painting from San Naing called Praying for Peace
Linkicon  Current exhibition: San Naing - Praying for Peace


General Information

Green energy solutions

Within the framework of the initiative energy solutions Made in Germany, funded by the German Ministry of Economic Affairs and Energy, the German Development Agency GIZ cooperates with the Delegation of German Industry and Commerce in Myanmar (AHK) to promote renewable energies as alternatives to conventional sources of power supply and the creation of Myanmar-German partnership project activities, e.g. a report on PV in Myanmar.

Linkicon  Download report

Economic Data

  • GDP growth: 8.1% (GDP: 68.3 billion USD)
  • Population: 52.6 mio People
  • New FDI: 6.7 mio USD
  • Exports: 12.7 mio; gems, natural gas, food, textile
  • Imports: 23.5 mio USD; machine, motor vehicle, metal, petroleum
  • German imports: 63.9 mio USD
  • German exports: 147.6 mio USD
  • Inflationrate: 9.8%
  • Currency Exchange: 1 EUR= 1.488 MMK (May'17)

Upcoming Events

20.06.2017 | Frankfurt, Germany
4. Hessischer Aussenwirtschaftstag 2017
05.07.2017 | Fuerth, Germany
13. Asia Pacific Forum Bavaria
07.07.2017 | Cologne, Germany
NRW Wirtschaftsforum Asien Pazifik
03.11.2017 | Perth, Australia
Asia Pacific Regional Conference


Follow us on social media and visit our website!
Website Icon
Icon Facebook
If you would like to unsubscribe from this newsletter please send an e-mail to martin.klose@myanmar.ahk.de.
Martin Klose
Delegate of German Industry and Commerce in Myanmar
Uniteam Building, 6 floor, 84 Pan Hlaing Street Sanchaung TS
11111 Yangon
Myanmar

+95 9 4506 293 64
martin.klose@myanmar.ahk.de