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Newsletter | June 2017

News |
Insights
Office Exhibition |
Upcoming Events

Myanmar Newsletter

Dear reader,

Welcome to the June edition of our Myanmar Newsletter!

The Delegation of German Industry and Commerce travelled to Germany this month to participate at “Hessischer Aussenwirtschaftstag” - IHK Frankfurt. The event provided a fantastic platform for German companies to receive firsthand information from AHK representatives from all over the world. We had fruitful discussions with various companies and advised on sector specific business opportunities in Myanmar. The increasing interest in Myanmar is also reflected in the number of inquiries we received in June, requesting our AHK team to provide market entry services.  

Top event in June was the AGM of the German Myanmar Business Chamber. The AGM was successfully conveyed on June 15th, 2017.  The highlight of the evening was that German Ambassador Weber-Lortsch delivered a keynote address on political and economic developments in Myanmar. The members of the German Myanmar Business Chamber reelected the Executive Committee to continue its work and the evening was concluded with excellent networking opportunities. 

We selected the most interesting news and insights of this month for you and hope you find some interesting topics. If you wish to receive more frequent information, please like us on facebook or visit our website!

Yours truly,


Martin Klose,
Delegate of German Industry and Commerce in Myanmar


News

Political, economic and legal news

  • Improving financial access for SMEs On behalf of the German Government, KfW has launched EUR 4.45 million grant funds for SME promotion in cooperation with CB Bank
    Linkicon  Press release
  • Government considers to raise power tariffs A planned price hike for electricity shall protect low-income households and particularly affect heavy users.
     LinkiconMore information
  • EuroCham cites protectionist bent and tax inefficiencies as top investor concerns  A new White Book lists 6 concerns of European investors: tax inefficiencies, lack of corporate governance, absence of intellectual property laws, bureaucracy, protectionism and infrastructure gaps.
    Linkicon  More information
  • New Myanmar Investment Commission formed in early June  One member removed, three new members added.
    Linkicon  More information

Investment and business news

  • Due to the high demand of investors zone B will be put on lease shortly 95 percent of the land plots in zone A have been rented out and more plots are now prepared for lease.
      Linkicon  More information
    • TTCL plans two 1,280 MW coal-fired power plants The plants shall be located in Mon State and Kayin State and cost USD 3 billion each.
        Linkicon  More information
      • First foreign bus manufacturer enters Myanmar with a USD 30 million investment Singaporean bus maker SC Auto announced to set up a 16,000 square metre factory in Yangon, with production beginning in late 2018.
         LinkiconMore information
      • Puma energy chief: competition will help to improve standards and pricing Hands-on experience from the first foreign company to be allowed import, distribution and domestic sale of fuel products.
          Linkicon  More information

        Insights

        Roland Berger Myanmar and West Indochina have teamed up to support the entry and expansion of international firms into Myanmar Roland Berger is a German company and the largest European strategy consulting firm globally.
        In Myanmar, Roland Berger is headed by Dieter Billen and has supported the Myanmar government on its economic transformation. This includes the telecom sector liberalization and MPT's transformation through the creation of a joint operation with KDDI-Sumitomo.
        In addition, Roland Berger has advised the Myanmar government on a wide range of topics such as e.g. the banking sector liberalization, the oil & gas reform and e-government plans.

        West Indochina, founded by Luc de Waegh, is the first foreign advisory firm in Myanmar, with a presence since 2006. It counts 11 associates with areas of expertise including e.g. merger and acquisition, marketing and branding, as well as training and social impact.


        Office exhibition

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

        General Information

        Green Energy Solutions

        New Government data and update on investment opportunities in the Myanmar power generation sector.

        Linkicon  More information

        Key figures for Myanmar


        DIHK Economic Survey Early Summer 2017

        Results of a survey conducted by the Association of German Chambers of Commerce and Industry (DIHK) in the beginning of this year.

        Linkicon  Economic trends in Germany

        German- Asean Business Council Quaterly Newsletter

        For futher information about the region please also see the quaterly newsletter of the German- Asean Business Council.

        Linkicon  Newsletter June 2017

        Upcoming Events

        04.07.2017 | Yangon, Myanmar
        Business Luncheon with Dr Michael Fuchs on Investment Criteria of German SMEs in Foreign Countries
        05.07.2017 | Fuerth, Germany
        13. Asia Pacific Forum Bavaria
        07.07.2017 | Cologne, Germany
        NRW Wirtschaftsforum Asien Pazifik
        14.-15.08.2017 | Yangon, Myanmar
        Myanmar Green Energy Summit
        03.11.2017 | Perth, Australia
        Asia Pacific Regional Conference

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        AHK Myanmar
        Martin Klose
        Uniteam Building, 6 floor, 84 Pan Hlaing Street Sanchaung TS
        11111 Yangon
        Myanmar

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