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Newsletter | July 2018

News | Inside GMBC | Upcoming Events

Myanmar Newsletter

Dear Reader, 

Welcome to the July edition of our Newsletter. 

We would like to highlight the announced draft of legislation for E-Commerce and the planned labelling requirements in Myanmar language for products to be sold in Myanmar. Further please take note that 53 companies submitted expressions of interests for the elevated expressway project.  

Please get ready and arrange your travel agenda - Octoberfest Yangon is coming to town on 12/13 October 2018. Octoberfest Yangon is the biggest social indoor event in Yangon and you are invited to use this event as a platform to reach out to 4000 participants and more than 17000 followers on Facebook.  
The Octoberfest Yangon was established as a nonprofit, charitable association under the patronage of the Embassy of the Federal Republic of Germany in Yangon.  The Delegation of German Industry & Commerce in Myanmar (AHK Myanmar) is a co – organizer and we would highly appreciate to see your company as a sponsor of this fantastic event – in case you are interested please let us know.

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

  • EUR 10 million grant from the European Union
    To support the Union Election Commission (UEC) in reforming the electoral system for the 2020 General Election, the European Union allocates a EUR 10 million grant into the project STEP2Democracy. Another EUR 4 million more go into a second project called MyGovernance to work with legislative and executive institutions on capacity-building and policy dialogue.

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  • E-commerce law for online shopping will be drafted
    Myanmar Retailer Association claims that a regulation for internet trading is needed. The Consumers Affairs Department under the Ministry of Commerce, the Ministry of Transport and Communication together with UN agencies are now drafting an e-commerce law to regulate online trading. The aim is to protect the consumers from fraud and to help to settle disputes between the two trading parties.

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  • Myanmar to combat illicit trading
    Small and medium enterprises suffer from illegal trade and cannot keep up with non-competitive import practices. A special task force will be formed to react against those practices. According to the Myanmar Times from 2014, illicit trade may have resulted in up to half a trillion USD, which is the equivalent of 20 times Myanmar’s total estimated trade volume at the time.

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Investment and business news

  • 53 EOIs for Yangon elevated expressway project
    A large number of companies expressed their interest in a Public Private Partnership for the new EUR 400 million elevated expressway in Yangon. By the end of the EoI deadline 53 companies from 12 different nations, including India, Thailand, China, Korea, Turkey, Malaysia, Japan, Philippines, Indonesia, Vietnam and France and Myanmar, declared their interest. The elevated expressway will stretch over more than 20 km. Its construction is also supported by the International Finance Corporation.

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  • Development of Dawei SEZ restarting in October
    Italian-Thai Company is going to restart implementing the Dawei SEZ Project in Southern Myanmar in October. Due to financing challenges, the project was halted in 2013 and its restart was announced several times. The new Deputy Minister for Planning and Finance, U Set Aung, who already successfully co-established Thilawa SEZ is now leading the development of the new SEZs in Kyaukphyu and Dawei. Therefore, hopes are high that these two SEZs are finally going to be implemented.

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  • New order for businesses to put product labels in Myanmar language
    According to the Consumer Protection Law from 2014, every product must have a label, which provides information and instructions, also in Myanmar language. Now the Consumer Protection Committee will release an order to enforce businesses to put Myanmar language labels on their products. The order will come into effect six months after its release date.

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  • Three local airlines closing down
    This month, three local airlines officially suspended their domestic services: FMI Air, Air Bagan and Apex Airlines. Currently, Myanmar has 10 domestic airlines with rather small fleets.

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About the GMBC: Since 2015, the German Myanmar Business Chamber (GMBC) is the official membership organization of German businesses in Myanmar. It provides a platform for exchange, dialogue and cooperation for Myanmar and German businesses bringing together corporate activities and strengthening the German business community in Myanmar. The GMBC organizes events on a regular base covering important policy issues as well as interesting business cases. Moreover, these events are made to extend and improve the network of its members. Visit the GMBC website for more information.
This section introduces new members and covers recent activities of GMBC members in Myanmar. If you are a GMBC member and are keen to see your company featured in this section, please contact GMBC.

GMBC member acti
vities

Member news

  • Joint Chambers comment on the Settlement of Labor Dispute Law. More information
  • We would like to invite and encourage our valued member companies to participate and apply to the 2018 Myanmar Employer Awards. More information

Events

     Past events
  • July 12-15: BIOFACH South East Asia, International Organic Trade Fair and Conference - Bangkok
  • July 24: Hong Kong International Arbitration Centre (HKIAC) Seminar at Sule Shangri-La Hotel - Yangon
     Upcoming events
  • July 28: The Chaines des Rotisseurs Baillage du Myanmar is delighted to announce the third European Food Festival - Rose Garden Hotel, Yangon
  • July 30: GMBC Networking Night at Phandeeyar - Yangon
  • Pre-Oktoberfest event at the Mercedes show room. More details coming soon.
Also check out the new calendar feature on the GMBC website to stay up-to-date about events!

  Insights

Partnership Opportunity for the Myanmar Responsible Tourism Awards 2018

 
The Myanmar Responsible Tourism Awards (MRTA) aim to raise awareness of the huge potential that Myanmar’s tourism industry has to generate meaningful social, economic, and environmental benefits.
Initiated by the Myanmar Responsible Tourism Institute (MRTI) in 2017, this will be the second year that we run the Awards. The Awards aim to identify the country’s most forward-thinking and innovative tourism businesses, to showcase their success stories and share best practice across the industry. Last year, the standard of entries proved the passion and dedication of local tourism businesses to lead the way in developing a responsible and sustainable market.
The organisers of MRTA are seeking partners and offering a number of opportunities both in terms of CSR, as well as expanding your profile and network in the tourism sector. 



General Information

Job advertisement

To facilitate the development of a sound customer base in Myanmar, DEG will employ a new staff member representing DEG in Myanmar as a (Senior) Investment Manager / Country Representative. Apply until August 10, 2018.

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AHK World Business Outlook - ASEAN focus 2018

                                                                                           
Please find the AHK World Business Outlook on our website.

The Outlook is based on a regular survey conducted by DIHK among member companies of the German Chambers of Commerce Abroad, delegations and offices (AHKs).

You will get an insight about expectations of the economic development, political stability and rule of law, labour, taxes, and also topics regarding the ASEAN focus.

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AHK Business Trip to Myanmar: Water and sewage infrastructure in Myanmar (November 2018)


The German Water Partnership (GWP) and our Delegation of German Industry and Commerce in Myanmar are jointly organizing an AHK Business Trip to Yangon, Naypyitaw and Mandalay from 11 to 16 November 2018. German companies from the water and sewage infrastructure sectors are warmly welcome to join us on this trip. Kindly find more details below.

AHK tender information service
This year, we have successfully launched a new tender information service. This special tender newsletter informs you in a timely manner about tenders opened by the government or international organizations in Myanmar - including information only available via hard copy and Myanmar language. This is particularly ideal for companies not yet represented on the ground but eager to set foot in Myanmar. Please find more information on our website or contact us by e-mail.


Key figures for Myanmar
 GDP growth (est. 2017) 6.4%, GDP: 72 billion USD
 Population (2017) 53 million
 Export goods (2016) 11 billion USD; China, Thailand, India
 Import goods (2016) 16 billion USD; China, Singapore, Thailand
 Export services (2015) 3.86 billion USD
 Import services (2015) 2.44 billion USD
 Current account balance,
 % of GDP (2016)1
 -5.8%
 Exports to Germany goods (2016)2 172.4 million USD; apparel, footwear
 Imports from Germany goods (2016)2 76.8 million USD; machinery, vehicles
 Inflation rate 6.9%
 Unemployment rate3 0.8% (2015, ILO), 4% (2014, Myanmar Census)
 Aggregate measure of labor underutilization 6.9% (2015, ILO)
 Central Bank interest rate
 10%
 Lending/deposit rate 13% lending, 8% deposit
 Exchange rate (July 26, 2018) 1 EUR ≈ 1,675 MMK

1
According to the IMF, the actual deficit may be significantly lower as exports are not always recorded.

2 Using mirror trade data gives significantly higher imports (155.8 million USD) and exports (358.8 million USD).
3 While the census asks 3 questions about the labor force, and only one specifically about unemployment, the ILO survey asks stepwise several questions about employment, which leads, eventually, to a much lower number of unemployed. There is no significant difference in the workforce.
Sources: Trade data: UN Comtrade and UNCTAD (FDI), Economic data: WB and IMF, CBM for interest rates

Upcoming Events

July 28, 2018 | Rose Garden Hotel, Yangon, Myanmar
European Food Festival
The Chaines des Rotisseurs Baillage du Myanmar is delighted to announce the third European Food Festival.
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July 30, 2018 | Phandeeyar Merchant Road, Yangon, Myanmar
GMBC Networking Night at Phandeeyar
Please join GMBC and Phandeeyar on Monday, July 30th,for a unique networking and explore the tech startups ecosystem with the members of German Chamber and Phandeeyar Tech Community.
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September 10 -14, 2018 | Yangon, Myanmar
AHK Business Trip: Powering Myanmar's industrial growth with renewable energy (focus: PV & biomass)
Together with the Renewables Academy AG, our Delegation of German Industry and Commerce in Myanmar is organizing an AHK Business Trip to Yangon. During a symposium we will show business opportunities in the sector and discuss related potential challenges. German participants of the AHK Business Trip delegation will also have the chance to meet potential Myanmar business partners in individual B-2-B meetings organized by our team.
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September 20, 2018 | Eurogress, Aachen, Germany
10. IHK-Außenwirtschaftstag NRW
Join us at the global IHK-Außenwirtschaftstag in Aachen to discuss with our Delegate Mr. Martin Klose about business opportunities and market entry in Myanmar.
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September 27-30, 2018 | Convention Center (YCC), Yangon, Myanmar
AMPA MYANMAR 2018
Myanmar International Auto Parts, Accessories & Motor Show: The organizer of the 33-year-running Taipei AMPA is set to hold its first overseas exhibition using AMPA as a new brand for its related event in Myanmar.
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November 11 - 16, 2018 | Yangon, Naypyidaw, and Mandalay, Myanmar
AHK Business Trip: Water and sewage infrastructure in Myanmar (November 2018)
The German Water Partnership (GWP) and our Delegation of German Industry and Commerce in Myanmar are jointly organizing an AHK Business Trip to Yangon, Naypyitaw and Mandalay from 11 to 16 November 2018. German companies from the water and sewage infrastructure sectors are warmly welcome to join us on this exciting trip.
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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