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Newsletter | August, 2017

News |
Insights
Office Exhibition |
Upcoming Events

Myanmar Newsletter

Dear reader,

Welcome to the August edition of our Myanmar Newsletter!

We again collected the most interesting news on Myanmar and hope you find our selection helpfull.

The Oktoberfest Yangon Comitee is in the last stages of preparation of the Oktoberfest 2017.  We support the event and understand that a limited number of sponsors could still be acomodated. If you are interested, please contact the Oktoberfest Yangon Comitee by clicking the respective logo at the end of this newsletter. 

We would aswell like to draw your attention to the article on the upcoming  Business Trip for German companies on the topic of Photovoltaik in Myanmar in October 2017.  Registration deadline is the 31.8.2017. If that topic is of interest , we would recommend to register as soon as possible as the interest is high and space is limited. 

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

  • Workers seek minimum wage hike amid delay in government review The introduction of a new minimum wage is now scheduled for early 2018. In the light of rising inflation, workers demand a MMK 2,000/day wage increase.
    Linkicon  More information
  • Amyotha Hluttaw amends Telecommunications Law, but contentious section 66 (d) survives Five MPs proposed abolishing the controversial section 66 (d) which provides for up to three years in prison for “extorting, coercing, restraining wrongfully, defaming, disturbing, causing undue influence or threatening any person using a telecommunications network.” Since the enactment of the law in 2013, reportedly more than 70 people, often journalists, have been prosecuted under section 66 (d), which resulted in sharp criticism from human rights organisations.
    Linkicon  More information
  • Suu Kyi government brings back Myanmar's "Mr SEZ" Myanmar's government has brought a key architect of the previous administration's economic policy back into the fold, aiming to bolster confidence in the business community: U Set Aung, until recently the Deputy Governor of the Central Bank, will be the new Deputy Minister for National Planning and Finance.He calls for a trial-and-error approach where the government should implement reform policy first and "collect feedback from the market, analyze [the action's] impact," and then modify policy based on these analyses.
    Linkicon  More information
  • Cabinet reshuffle to boost the economy Insiders say the change of the guard at the electricity and energy ministry is highly significant, as it indicates that Aung San Suu Kyi understands that for general development, building a prosperous business sector and placating an increasingly impatient electorate -- especially in the urban centres of Yangon and Mandalay -- improving the provision of electricity is pivotal.
    Linkicon  More information

Investment and business news

  • FDI companies can trade on YSX A new system coming with the new Myanmar Companies Act will allow foreign investment to list on the Yangon Stock Exchange.
    Linkicon  More information
  • Ministry of Com­merce to allow importing of supermarket products through foreign companies "Removing restrictions on Myanmar's retail industry is a necessary and overdue step to liberalize the countries 'bamboo curtain' era trade policy and be more conductive to foreign investment."
    Linkicon  More information
  • Ford vehicles assembled in Myanmar for the first time Ford vehicles will soon be assembled in a newly built facility through a formal agreement with local partners RMA Group and Capital Automotive Limited.
    Linkicon  More information

Insights

Siemens Healthineers introducing the next level of MR Imaging to an excited crowd at Yangon General Hospital 

In an effort to support clinical education in Myanmar, Siemens Healthineers together with partner Meditech Pte Ltd invited to Yangon General Hospital for a workshop on Clinical Excellence in CT and MR Imaging on 20th August. At first, distinguished senior radiologist, Prof. Tint Lwin, shared his experiences and advice on most recent standards in Liver cancer investigation using MRI.

Followed by Dr. Abhinav, senior consultant from New Delhi, whose facility is the first worldwide to work with newly launched MAGNETOM Sempra 1.5 Tesla, to broaden access to MR Imaging and providing excellent care day by day. The doctor shared his excitement about the possibilities of the new technology, and discussed how to solve the more mysterious cases that come to his daily practice.

With the endorsement of local leading radiologist Prof Than Than Sint, the participants enjoyed the discussions and will be striving to use this knowledge to make real clinical impact in Myanmar.
Find more information here.

Office exhibition

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


General Information

Green Energy Solutions

Business Trip for German companies „Photovoltaik in Myanmar: Geschäftspotentiale für Early Birds“  

The German Energy Solutions Initiative (Exportinitiative Energie) by the Federal Ministry for Economic Affairs and Energy (BMWi) supports providers of climate-friendly energy solutions to enter new markets.
To support their market entry, the German Energy Solutions Initiative organizes individual business trips for German companies. This year, such a trip will also be organized for Myanmar (“Photovoltaic in Myanmar: Business potentials for Early Birds”, October 23-27, 2017). Companies from Germany can register here for the BMWi-sponsored trip until August 31, 2017.

The business trip is jointly organized by the Delegation of German Industry and Commerce in Myanmar and Deutsche Gesellschaft für internationale Zusammenarbeit (GIZ) GmbH. The business trip will not only include business-to-business meetings between Myanmar and German solar experts but also a one-day solar conference for German as well as Myanmar companies.

Myanmar companies will have the opportunity to learn about the latest German solar technology and German companies will have the chance to learn more about legal framework conditions and opportunities in the Myanmar PV market. We will share more details as we are approaching the event.

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 Infustry (DIHK) in the beginning of this year.

Linkicon  Economic trends in Germany


German-ASEAN Business Council Quaterly Newsletter

For further information about the region please slao see the quaterly newsletter of the German-ASEAN Business Council.

Linkicon  Newsletter June 2017

Upcoming Events

12.-13.09.2017 | Nay Pyi Taw, Myanmar
Euromoney - Myanmar Global Investment Forum 2017
14.09.2017 | Hamburg, Germany
Sprechtag AHK Myanmar
20.09.2017 | Aachen, Germany
10. IHK Aussenwirtschaftstag NRW
20.-21.10.2017 | Yangon, Myanmar
Oktoberfest Yangon
23.-27.10.2017 | Yangon, Myanmar
Business Trip for German companies "Photovoltaik in Myanmar: Geschäftsreise für Early Birds"
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