ASEAN Connect Episode: Thai Business Opportunities in Myanmar
YANGON Nearly a decade in the making, a project to pump 770 km oil through Myanmar in Southwest China is set for the imminent start with a supertanker approaching the port of Kyauk Phyu, marking the opening of a new trade route for oil.
Slogging through the sensitive relations between Naypyitaw and Beijing, the pipeline 5bil US 1 has been empty for two years, but the two sides are now close to an agreement, said the government based Myanmar and sources of industry, despite the last-minute stress.
An agreement between PetroChina and the Government of Myanmar to China will allow the energy giant to the state to import oil overseas by the Bay of Bengal and pump through the pipeline to provide a new refinery barrels per day 260,000-bpd in landlocked Yunnan province.
The new oil is gateway to China A belt, a road ambitions, linking Central Asia and Europe, and will provide a more direct route to the shipment of oil from the Middle East by the Straits Malacca and Singapore crowded.
It would also be a rare victory for China to Myanmar after a diplomatic offensive to forge better relations with its resource-rich neighbor, which has often been wary of Beijing's economic weight.
Aung Myat Soe, deputy director of planning in the public company Myanmar Oil and Gas Enterprise, said the project was awaiting final approval by the Minister of Electricity and Energy.
The main problems including transportation rates and tax revenues on oil Myanmar have been settled, but the port charges have yet to be developed, said an industry source based on Myanmar know the question.
Both parties are working to finalize the terms and sign the contract, the person said, declining to be named as the information is not public.
I can not say with certainty when the agreement would be sealed, it could be in a few days or early April.
The pipeline will have a final capacity of 400,000 barrels per day, about 5 of the daily import demand from China, but the start of Yunnan refinery was held as PetroChina and Myanmar has negotiated the final conditions to deliver 'oil.
PetroChina plans to begin trial production at the refinery in June, to expand its presence in China's southwestern fuel that runs far relied heavily on rival Sinopec for the supply, said two officials oil based Beijing familiar with the refinery Yunnan Reuters.
Industry Exports of shrimp shaky Myan March could be worth $ 1 billion a year by 2022 if it adopts a strain resistant to the ease of Hawaii say the crustacean in the US, ac cording to ers leaders in the industry.
U Kyaw Myint Tun, president of the Association Myan mar shrimp, said at a meeting of last month ing my anmar industry could reduce its trade deficit by 25 percent if it reaches its goals for production shrimp.
LLC genetic navy, a marine laboratory based in the United States, plans to test breed shrimp without specific pathogens SPF in my anmar in order to distribute on the local market, the meeting of February 22 hearing.
Myanmar predomi tially tiger shrimp farms in its domestic firm, but the industry is STRUG gling high import costs lar vae shrimp from Thailand and disease that has spread through the country's shrimp stocks.
Genetics Marine LLC has implemented the best company in Burma to launch five shrimp mil lion SPF testing livestock in Rakh ine State Ayeyarwad dy Region.
It will also share the bios security systems, agricultural management techniques and ventilation techniques with local farmers, said Dr. Jim Wyban, a genealogist and shrimp breeder genetic Marine LLC.
SPF shrimp grow in both fresh and salt wa ter, have higher survival rates and can reach up to 20 grams in their first 100 days, they can tolerate higher popu lation density, up to 1 5 kg shrimp per square meter, which is beneficial for local farmers on a smaller scale.
Prawns account for 86 percent of global fisheries market, said Wyban, add ing that capitalize on these Myanmar farmers must increase Productiv ity of their compan BuSI shrimp U Hnin Oo, human vice president of Myanmar fish ration Fed MFF said the dependence on Myan amr Thailand for the larvae also impede the ing industry.
It is urgent to develop reproductive capacity of shrimp larvae, he said.
The FFM has asked the government to include the industry of shrimp in its export strategy, he added.
Myanmar ex ports reached 400 mil lion prawn in 2016, while the region al neighbors Thailand and Vietnam won a total of 6 bil lion of shrimp exports in the same year.
Yangon, on 1 March 2017 Shenton applied SIAF Institute of Finance announced today that it has signed an MOU last week the 24 February 2017 Singapore Institute of Purchasing Management and materials SIPMM published a new index of purchasing managers PMI Myanmar on a monthly basis.
PMI surveys are one of the closely watched indicators of economies The new Myanmar PMI provide a projection in the monthly economic situation of Myanmar and will complement the existing indices.
The new Myanmar PMI is expected to become a barometer of the economy of Myanmar PMI survey is based on economic sectors, and weighted the contribution of each sector to GDP gross domestic product data The PMI is collected monthly replies to questions or purchasing executives intra-Myanmar in more than 200 companies.
The new Myanmar PMI is a composite index based on the diffusion indexes of the main indicators of the market, with applied diffusion indices varying weights exhibit the characteristics of the main indicators and provide quick information summarized They represent the direction of change in force and magnitude of change.
Singapore PMI was developed by Professor Philip Poh in 1998 and since then, PMI has been used successfully in Singapore PMI is now a key barometer of Singapore's economy and is closely monitored by governments, banks , financial institutions and news agencies worldwide.
About SIAF Shenton Institute of Applied Finance is a subsidiary of SIAF Shenton Education Group SEG, an integrated education service provider in Myanmar with 3 schools in Myanmar, Shenton is a provider of holistic education management solutions, politics , leadership and operations Read more about SIAF to.
About SIPMM Institute of Singapore Purchasing and Materials Management SIPMM is a leading professional organization established in 1972 in Singapore SIPMM publishes the index of Singapore PMI purchasing managers on a monthly basis since 1998 in Singapore PMI has become a barometer of Singapore's manufacturing economy and has been highly sought after by local and international news agencies, banks, brokerage houses and investment companies to learn more about SIPMM to.
For more information, please contact SIAF About Myanmar PMI Methodology Dr. Myo Analyzes Thida Telephone 95 1 553897 SIPMM About the Professional Institute Catherine Tan International Bureau.
The price of land in the skirts of Mandalay fell to 40 percent, with industrial areas being most affected in the city, according to Manda area was the development Estate Agent As sociation.
The decline in investment in the property market lies Mandalay is the result of rage against the jade mines government association.
The NLD government cracked against the jade mines regarded as a safe and environmentally damaging in the wake of recent landslides that have killed hundreds of work ers in Kachin State Man Dalay is one jade centers of TRY Coun jewel with its gross net mag markets for potential buyers of overseas territories.
The price of the plot werearound K80 million but be before the price was halved to 40 million kina, said U Khin Maung Lwin, a member of Mandalay Region Real Estate Agent Develop ment Association.
But sales in Da rooms, Dha, Na and Ye My Taung went well, she added Mandalay real estate players have urged the government to sta bilize prices and guide the market away from price manipulation.
We want the market to stabilize and make or Mally with ING says pric, Ko Maung Maung Shwe, a realtor Mandalay region, said.
Attracting foreign inves tors could present an op tion to boost demand in the market, but the severe restrictions on human Dalay foreign investors hold in his land ing industrial areas are an obstacle.
Realtors predicted that the market will be sustained in the coming years with a number of com completion of current developments Hous ing business.
Myanmar Business Network, burma, Applied Finance SIAF, Index monthly, Applied Finance Institute.