Aung Zaya
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it is open-secret bro. all have already posted since this thread started. check the earliest pages of this thread.
Myanmar Defence Forum
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Aung Zaya
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Myanmar’s Economy to Rebounce Faster Than the Regional and Global Average
ByMin Thu Aung
August 4, 2020
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Myanmar’s economy projected to recover fasterthan regional and global averages
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည်
The Myanmar economy is projected to rebound faster than regional and global averages and will benefit from China’s relatively swift recovery, according to Oxford Business Group’s report called Covid-19 Response Report
(CRR) , produced in partnership with the medical equipment supplier Okkar Thiri.
While no economy remains immune to the negative effects of Covid-19, the IMF’s June 2020 outlook projects that Myanmar will be one of the few countries not to enter negative growth territory in 2020, with GDP growth accelerating to 6% the following year.
Another favorable factor is that its largest trade partner and second-largest source of FDI inflows – China – is also expected to outperform most other markets over the next 18 months, boding well for a recovery in both exports and investment
In addition, mass generosity also played, the report praised, a significant role in pandemic response as businesses and individuals donated significant amounts of money, medical supplies, and other necessities to support national efforts to combat the virus. Despite being a lower-middle-income country with a relatively low GDP per capita of $1408 in 2019, Myanmar has some of the most generous citizens in the world when it comes to donating money to charity, according to the World Giving Index 2019 from the UK-based Charities Aid Foundation.
“Although Myanmar remains a lower-middle-income country, its domestic and external debt remains at manageable levels, providing opportunities to scale up sustainable borrowing,” Oliver Cornock, OBG’s Editor-in-Chief, said. “Against this backdrop, our report shows that policymakers were able to implement key fiscal and monetary policies aimed at supporting the needs of the real economy, putting it on track to avoid negative growth in 2020 and recover faster than both regional and global averages.”
On April 27 the Myanmar government published the Covid-19 Economic Relief Plan (CERP), consisting of seven goals, 10 strategies, 36 action plans and 76 actions, with the aim of flattening the curve without flattening the econ
In April, the government released a Covid-19 Economic Relief Plan, a multifaceted approach to mitigate the economic challenges of Covid-19 and preparing to kick-start the recovery. One of its key goals is focused on nurturing the growth of innovative products and platforms, particularly in the realm of digital payments and e-commerce. Myanmar has a young, aspirational population of digital natives who could take advantage of targeted policy efforts and incentives to accelerate growth in these areas.
Although still below the highs of several years ago, FDI inflows grew in 2019 amid concerted efforts to liberalize key sectors and improve the business environment and regulatory framework. Notably, FDI has been flowing into productive sectors like manufacturing, livestock, and fisheries, which can spur job creation and export growth. The spike in FDI in the power sector this year can have a positive multiplier effect on growth in other sectors as the electricity supply improves.
Private investment to play a key role in the future of Myanmar’s health care system
The report also focuses on how health care infrastructure was scaled up when the pandemic hit, which not only helped to limit transmission and meet shifts in demand for treatment but will also support Myanmar’s plans to have a universal health care system in place by 2030.
ByMin Thu Aung
August 4, 2020
0
1
Myanmar’s economy projected to recover fasterthan regional and global averages
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည်
The Myanmar economy is projected to rebound faster than regional and global averages and will benefit from China’s relatively swift recovery, according to Oxford Business Group’s report called Covid-19 Response Report
(CRR) , produced in partnership with the medical equipment supplier Okkar Thiri.
While no economy remains immune to the negative effects of Covid-19, the IMF’s June 2020 outlook projects that Myanmar will be one of the few countries not to enter negative growth territory in 2020, with GDP growth accelerating to 6% the following year.
Another favorable factor is that its largest trade partner and second-largest source of FDI inflows – China – is also expected to outperform most other markets over the next 18 months, boding well for a recovery in both exports and investment
In addition, mass generosity also played, the report praised, a significant role in pandemic response as businesses and individuals donated significant amounts of money, medical supplies, and other necessities to support national efforts to combat the virus. Despite being a lower-middle-income country with a relatively low GDP per capita of $1408 in 2019, Myanmar has some of the most generous citizens in the world when it comes to donating money to charity, according to the World Giving Index 2019 from the UK-based Charities Aid Foundation.
“Although Myanmar remains a lower-middle-income country, its domestic and external debt remains at manageable levels, providing opportunities to scale up sustainable borrowing,” Oliver Cornock, OBG’s Editor-in-Chief, said. “Against this backdrop, our report shows that policymakers were able to implement key fiscal and monetary policies aimed at supporting the needs of the real economy, putting it on track to avoid negative growth in 2020 and recover faster than both regional and global averages.”
On April 27 the Myanmar government published the Covid-19 Economic Relief Plan (CERP), consisting of seven goals, 10 strategies, 36 action plans and 76 actions, with the aim of flattening the curve without flattening the econ
In April, the government released a Covid-19 Economic Relief Plan, a multifaceted approach to mitigate the economic challenges of Covid-19 and preparing to kick-start the recovery. One of its key goals is focused on nurturing the growth of innovative products and platforms, particularly in the realm of digital payments and e-commerce. Myanmar has a young, aspirational population of digital natives who could take advantage of targeted policy efforts and incentives to accelerate growth in these areas.
Although still below the highs of several years ago, FDI inflows grew in 2019 amid concerted efforts to liberalize key sectors and improve the business environment and regulatory framework. Notably, FDI has been flowing into productive sectors like manufacturing, livestock, and fisheries, which can spur job creation and export growth. The spike in FDI in the power sector this year can have a positive multiplier effect on growth in other sectors as the electricity supply improves.
Private investment to play a key role in the future of Myanmar’s health care system
The report also focuses on how health care infrastructure was scaled up when the pandemic hit, which not only helped to limit transmission and meet shifts in demand for treatment but will also support Myanmar’s plans to have a universal health care system in place by 2030.
MINN
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I want to thank the guy spending hours editing the page with actual info.
MINN
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Japanese retailer Aeon to invest $180m in first Myanmar mallMyanmar’s Economy to Rebounce Faster Than the Regional and Global Average
ByMin Thu Aung
August 4, 2020
0
1
Myanmar’s economy projected to recover fasterthan regional and global averages
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည်
The Myanmar economy is projected to rebound faster than regional and global averages and will benefit from China’s relatively swift recovery, according to Oxford Business Group’s report called Covid-19 Response Report
(CRR) , produced in partnership with the medical equipment supplier Okkar Thiri.
While no economy remains immune to the negative effects of Covid-19, the IMF’s June 2020 outlook projects that Myanmar will be one of the few countries not to enter negative growth territory in 2020, with GDP growth accelerating to 6% the following year.
Another favorable factor is that its largest trade partner and second-largest source of FDI inflows – China – is also expected to outperform most other markets over the next 18 months, boding well for a recovery in both exports and investment
In addition, mass generosity also played, the report praised, a significant role in pandemic response as businesses and individuals donated significant amounts of money, medical supplies, and other necessities to support national efforts to combat the virus. Despite being a lower-middle-income country with a relatively low GDP per capita of $1408 in 2019, Myanmar has some of the most generous citizens in the world when it comes to donating money to charity, according to the World Giving Index 2019 from the UK-based Charities Aid Foundation.
“Although Myanmar remains a lower-middle-income country, its domestic and external debt remains at manageable levels, providing opportunities to scale up sustainable borrowing,” Oliver Cornock, OBG’s Editor-in-Chief, said. “Against this backdrop, our report shows that policymakers were able to implement key fiscal and monetary policies aimed at supporting the needs of the real economy, putting it on track to avoid negative growth in 2020 and recover faster than both regional and global averages.”
On April 27 the Myanmar government published the Covid-19 Economic Relief Plan (CERP), consisting of seven goals, 10 strategies, 36 action plans and 76 actions, with the aim of flattening the curve without flattening the econ
In April, the government released a Covid-19 Economic Relief Plan, a multifaceted approach to mitigate the economic challenges of Covid-19 and preparing to kick-start the recovery. One of its key goals is focused on nurturing the growth of innovative products and platforms, particularly in the realm of digital payments and e-commerce. Myanmar has a young, aspirational population of digital natives who could take advantage of targeted policy efforts and incentives to accelerate growth in these areas.
Although still below the highs of several years ago, FDI inflows grew in 2019 amid concerted efforts to liberalize key sectors and improve the business environment and regulatory framework. Notably, FDI has been flowing into productive sectors like manufacturing, livestock, and fisheries, which can spur job creation and export growth. The spike in FDI in the power sector this year can have a positive multiplier effect on growth in other sectors as the electricity supply improves.
Private investment to play a key role in the future of Myanmar’s health care system
The report also focuses on how health care infrastructure was scaled up when the pandemic hit, which not only helped to limit transmission and meet shifts in demand for treatment but will also support Myanmar’s plans to have a universal health care system in place by 2030.
https://asia.nikkei.com/Business/Co...ler-Aeon-to-invest-180m-in-first-Myanmar-mall
YANGON/TOKYO -- Japanese retail group Aeon said Tuesday it would build a large commercial facility in Yangon, the biggest city in Myanmar, with an investment of $180 million, marking its first market entry into the Southeast Asian nation.
The Aeon Mall shopping complex would be built on a 72,000 sq. meter site within 30 minutes' drive of central Yangon, Aeon said. Construction of the facility will begin in the first half of 2021 with the aim of opening in 2023.
The investment, which was approved by the Myanmar government in late July, will be made through a joint venture between Aeon and Shwe Taung Group, a local conglomerate. The venture will be 70% owned by Aeon Mall, part of the Aeon group, and 30% by Shwe Taung.
Aeon leads other big retailers around the world in investing in Southeast Asia. In Cambodia, which is comparable with Myanmar in terms of per capita gross domestic product of about $1,500, the company already operates two outlets and has decided to open another.
Encouraged by the strong performance of its outlets in Cambodia, Aeon will begin operating in Myanmar to "capture a dominant market position in the absence of rivals," a company executive said.
Shwe Taung Real Estate also released a statement by its CEO Sandar Htun on Tuesday. "We are excited to enter into this strategic joint venture with Aeon Mall to bring fresher and more innovative retail and lifestyle concepts to Myanmar," she said.
Shwe Taung is a major conglomerate in Myanmar, primarily engaged in real estate and construction and with a workforce of 6,800 as of 2018. It has operated six shopping centers in Myanmar since 1999, including the Junction City shopping complex that opened in central Yangon in 2017.
The group has also formed alliances with foreign businesses including Japan's Tokio Marine and Nichido Fire Insurance and Nippon Life Insurance.
The location for the new mall is in Dagon Seikkan, where Shwe Taung has been promoting new urban development since 2014. It is also near to the Thilawa Special Economic Zone.
In 2018, the Myanmar's government implemented a regulatory reforms allowing foreign companies to enter the retail and wholesale sectors in return for investment beyond set levels, paving the way for Aeon Mall's entry into the market. Siam Makro of Charoen Pokphand Group, a leading Thai conglomerate, opened Makro Myanmar, a warehouse-type supermarket, in Yangon in April.
Southeast Asia is a big contributor to Aeon's group earnings. With five facilities in Vietnam and two each in Cambodia and Indonesia, Aeon Mall logged an operating profit of 34.7 billion yen ($372.11 million) from them in the year ended in February, contributing to 15% of the group's profit. The figure was much larger than the 9 billion yen chalked up from its China operations.
In Japan's mature retail market, Aeon is shifting its strategic priority to refurbishing existing stores instead of opening of new outlets.
But the company is accelerating the establishment of new stores overseas. It plans to increase the number of outlets to 70 in China and other countries in the year through February 2026, from 30 at present.
Though an end to the novel coronavirus pandemic is not yet in sight, Yasutsugu Iwamura, president of Aeon Mall, said, "We will not change the plan."
The number of citizens infected with the new coronavirus in Myanmar -- about 350 -- is lower than in neighboring countries.
Modern retailers, such as supermarkets and shopping centers, are estimated to account for 10% to 20% of the retail industry in Myanmar currently. Research group Myanmar Survey Research said commercial facilities were in strong demand among young people and families seeking places of entertainment and relaxation.
The World Bank forecast that Myanmar's economic growth will slow to 0.5% in fiscal 2019 through September 2020, but will pick up to 7.2% in fiscal 2020.
Aung Zaya
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Great.. seem not too bad. Ha haJapanese retailer Aeon to invest $180m in first Myanmar mall
https://asia.nikkei.com/Business/Co...ler-Aeon-to-invest-180m-in-first-Myanmar-mall
YANGON/TOKYO -- Japanese retail group Aeon said Tuesday it would build a large commercial facility in Yangon, the biggest city in Myanmar, with an investment of $180 million, marking its first market entry into the Southeast Asian nation.
The Aeon Mall shopping complex would be built on a 72,000 sq. meter site within 30 minutes' drive of central Yangon, Aeon said. Construction of the facility will begin in the first half of 2021 with the aim of opening in 2023.
The investment, which was approved by the Myanmar government in late July, will be made through a joint venture between Aeon and Shwe Taung Group, a local conglomerate. The venture will be 70% owned by Aeon Mall, part of the Aeon group, and 30% by Shwe Taung.
Aeon leads other big retailers around the world in investing in Southeast Asia. In Cambodia, which is comparable with Myanmar in terms of per capita gross domestic product of about $1,500, the company already operates two outlets and has decided to open another.
Encouraged by the strong performance of its outlets in Cambodia, Aeon will begin operating in Myanmar to "capture a dominant market position in the absence of rivals," a company executive said.
Shwe Taung Real Estate also released a statement by its CEO Sandar Htun on Tuesday. "We are excited to enter into this strategic joint venture with Aeon Mall to bring fresher and more innovative retail and lifestyle concepts to Myanmar," she said.
Shwe Taung is a major conglomerate in Myanmar, primarily engaged in real estate and construction and with a workforce of 6,800 as of 2018. It has operated six shopping centers in Myanmar since 1999, including the Junction City shopping complex that opened in central Yangon in 2017.
The group has also formed alliances with foreign businesses including Japan's Tokio Marine and Nichido Fire Insurance and Nippon Life Insurance.
The location for the new mall is in Dagon Seikkan, where Shwe Taung has been promoting new urban development since 2014. It is also near to the Thilawa Special Economic Zone.
In 2018, the Myanmar's government implemented a regulatory reforms allowing foreign companies to enter the retail and wholesale sectors in return for investment beyond set levels, paving the way for Aeon Mall's entry into the market. Siam Makro of Charoen Pokphand Group, a leading Thai conglomerate, opened Makro Myanmar, a warehouse-type supermarket, in Yangon in April.
Southeast Asia is a big contributor to Aeon's group earnings. With five facilities in Vietnam and two each in Cambodia and Indonesia, Aeon Mall logged an operating profit of 34.7 billion yen ($372.11 million) from them in the year ended in February, contributing to 15% of the group's profit. The figure was much larger than the 9 billion yen chalked up from its China operations.
In Japan's mature retail market, Aeon is shifting its strategic priority to refurbishing existing stores instead of opening of new outlets.
But the company is accelerating the establishment of new stores overseas. It plans to increase the number of outlets to 70 in China and other countries in the year through February 2026, from 30 at present.
Though an end to the novel coronavirus pandemic is not yet in sight, Yasutsugu Iwamura, president of Aeon Mall, said, "We will not change the plan."
The number of citizens infected with the new coronavirus in Myanmar -- about 350 -- is lower than in neighboring countries.
Modern retailers, such as supermarkets and shopping centers, are estimated to account for 10% to 20% of the retail industry in Myanmar currently. Research group Myanmar Survey Research said commercial facilities were in strong demand among young people and families seeking places of entertainment and relaxation.
The World Bank forecast that Myanmar's economic growth will slow to 0.5% in fiscal 2019 through September 2020, but will pick up to 7.2% in fiscal 2020.
Yes, that needs to be answered.
MINN
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This is for officers so there should be a version for other ranks as well.
Aung Zaya
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Myanmar attracts 5 bln USD foreign investment in 10 months
Source: Xinhua| 2020-08-05 18:50:50|Editor: huaxia
A container ship is seen on the Yangon River in Yangon, Myanmar, Aug. 6, 2020. Myanmar has attracted foreign investment worth over five billion U.S. dollars in the first 10 months of present fiscal year (FY) 2019-2020, according to the Directorate of Investment and Company Administration (DICA). (Xinhua/U Aung)
YANGON, Aug. 5 (Xinhua) -- Myanmar has attracted foreign investment worth over five billion U.S. dollars in the first 10 months of present fiscal year (FY) 2019-2020, according to the Directorate of Investment and Company Administration (DICA).
Including the increased capital amount of investment by some existing investment businesses, over 4.9 billion U.S. dollars' foreign investment flowed in the country from Oct. 1, 2019 to July 31 this year, DICA's latest figures said on Tuesday.
Also, the country attracted foreign investment worth over 116.5 million U.S. dollars under the Special Economic Zone Law during the period.
Power, oil and gas, and manufacturing sectors attracted the most foreign investment.
Singapore, China and Thailand are top leading investors in Myanmar.
Regionally, the Yangon region attracts 60 percent of investment from both home and abroad, followed by the Mandalay region with 30 percent and the rest flowed into other regions and states.
Source: Xinhua| 2020-08-05 18:50:50|Editor: huaxia
A container ship is seen on the Yangon River in Yangon, Myanmar, Aug. 6, 2020. Myanmar has attracted foreign investment worth over five billion U.S. dollars in the first 10 months of present fiscal year (FY) 2019-2020, according to the Directorate of Investment and Company Administration (DICA). (Xinhua/U Aung)
YANGON, Aug. 5 (Xinhua) -- Myanmar has attracted foreign investment worth over five billion U.S. dollars in the first 10 months of present fiscal year (FY) 2019-2020, according to the Directorate of Investment and Company Administration (DICA).
Including the increased capital amount of investment by some existing investment businesses, over 4.9 billion U.S. dollars' foreign investment flowed in the country from Oct. 1, 2019 to July 31 this year, DICA's latest figures said on Tuesday.
Also, the country attracted foreign investment worth over 116.5 million U.S. dollars under the Special Economic Zone Law during the period.
Power, oil and gas, and manufacturing sectors attracted the most foreign investment.
Singapore, China and Thailand are top leading investors in Myanmar.
Regionally, the Yangon region attracts 60 percent of investment from both home and abroad, followed by the Mandalay region with 30 percent and the rest flowed into other regions and states.
Aung Zaya
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well. there may be also other ranks. but only some of these were taken.
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