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Electric Power Minister promises to review price hike

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Demonstrators took to the streets in a candlelit vigil on Thursday night to protest a recent hike in electricity prices. (PHOTO: DVB)

Speaking at a meeting with political parties at the Myanmar Peace Centre in Rangoon on Sunday, Burma’s Minister of Electric Power Khin Maung Soe apologised to the public for the recent increase in electricity prices and promised that the decision would be reviewed in parliament.

“I would like to extend my apologies for my shortcomings,” he said. “We will listen to the people’s voice and undertake procedures in accordance with suggestions by the union parliament. We urge political parties to point out our ministry’s shortcomings and oversights, and recommend what needs be done.”

His comments came after demonstrations and candlelit vigils against the increased electricity costs were held in Rangoon and Mandalay.

State media reported on Saturday that the Ministry of Electric Power would raise the issue of electricity rates in parliament. According to The New Light of Myanmar, Aye Mauk, the secretary of the Planning and Financial Development Committee, submitted an urgent proposal calling on the Union Government to review the Ministry of Electric Power’s announcement that November’s household electricity rates will increase by about double for every unit used over 100 kilowatts.

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The current rate for supplying electricity to households across Burma stands at 25 kyat per unit. According to the ministry’s proposed hike, it is set to increase to 35 kyat per unit, and house owners who use more than 100 units will be charged 50 kyat per unit.

For commercial usage, the current rate is 75 kyat per unit, but is set to increase to 100 kyat, and 150 kyat per unit for businesses using more than 5,000 units per month.

Speaking at a Fisheries Association meeting on 5 November, Toe Nandar Tin, a cold storage factory operator, said that fishery companies would have to suspend cold storage operations if the electricity rates are increased. She said that her commercial electricity bill, previously fluctuating around 4 million kyat (US$4,000) per month, will jump to around $8 million if the price hike goes ahead. She warned that factories may be forced to close down and many jobs would be lost.

Asia Myanmar iron smelter Aung Myo also warned that Small and Medium Enterprises (SMEs) would be seriously affected.

“Doubling fees from 75 kyat to 150 kyat will be implausible for SME operators as we simply cannot afford to double the price of our products,” he said.

Meanwhile, it was announced last week that the Asian Development Bank (ADB) has offered Burma a cheap long-term loan of $60 million to reduce the power losses it suffers through operating antiquated and dilapidated transmission equipment.

Minister Khin Maung Soe admitted that up to 18 percent of electricity is lost during transmission, The Myanmar Times reported.

The bank loan recommended by the ADB will be used to build new power transmission infrastructure in areas outside Rangoon and Mandalay, which should lead to a significant reduction in electricity losses, Khin Maung Soe said, adding that the loan would be repaid over 24 years at 1.5 percent interest.

Burma has an overall electricity generation capacity of only 4,000 megawatts, compared with 30,000 megawatts in neighbouring Thailand, which has a similar sized population.

Much of the electricity distribution network is confined to a corridor between Rangoon and Mandalay.

Just 7 percent of all rural villages in Burma – a little more than 4,700 of nearly 65,000 small towns and village tracts across the country – are able to enjoy a supply of electricity from the national power grid. Nearly 13,000 villages, around 20 percent of the total number, attain electrical power from generators while some 21,000 are powered up by mini-hydropower, solar and biogas generators.

Beer battle brewing in Burma

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A legal dispute between a Thai-owned conglomerate and its military-linked local partner over Myanmar Brewery Ltd is shaping up as a crucial test for foreign investment in Burma, also known as Myanmar.

The Myanmar Brewery partners of nearly two decades began feuding after the takeover of the Singapore conglomerate Fraser & Neave (F&N) this year by companies controlled by Thailand’s richest man, Charoen Sirivadhanabhakdi.

Although information about the confidential arbitration is scarce, analysts say the case is centred on an assertion by Union of Myanmar Economic Holdings (UMEHL), the military’s investment arm, that it should have been given an option to buy F&N’s 55 percent stake in Myanmar Brewery before the deal with Mr Charoen’s Thai Beverage Plc went ahead.

F&N released a statement shortly after receiving the arbitration notice in August that it would “vigorously resist” claims that it broke the terms of the joint-venture agreement.

While Myanmar Brewery does not publish separate financial results, the Internal Revenue Department listed it as the country’s largest commercial taxpayer for the 2012-13 financial year.

Foreign investors will be keeping a close eye on the dispute: if the arbitration is seen to be handled unfairly, many will likely reconsider investing in Southeast Asia’s last frontier market, where joint ventures with a local partner are compulsory across many sectors.

“Partnering up with a military investment vehicle such as UMEHL is a double-edged sword. Of course, having UMEHL on your side means having easier access to permits, land and so forth — but it also leaves [a foreign company] vulnerable in case of disputes,” said an analyst who spoke to on condition of anonymity.

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However, the analyst said that the heavy attention the case has attracted internationally could be a game changer in a country where lack of transparency and impunity have been the norm for decades.

“Suddenly there is more international attention on the case than I think UMEHL would have wanted,” the analyst said.

“It is shaping up to become a litmus test of the regime’s commitment to the rule of law, so perhaps UMEHL won’t be able to trump [its opponent] through their will as they would have in the past.”

Not every joint venture in Burma is fated to end acrimoniously; however a high degree of caution is necessary, particularly as Burmese waters are largely untested.

“I wouldn’t say that you shouldn’t do joint ventures in Myanmar, but this case highlights the need to do your homework properly and know who you are going to bed with,” the analyst said.

In any case, Myanmar Brewery has other concerns at the moment, including increased competition.

Mr Charoen’s former business partner, Carlsberg of Denmark, held an opening ceremony for its second largest expansion programme in Asia on Oct 21, when it opened a factory in Pegu [Bago].

Myanmar Carlsberg Co Ltd is a joint venture between the Carlsberg Group and the country’s top selling beverage company, Myanmar Golden Star (MGS).

According to Myanmar Carlsberg managing director Daniel Sjogren, the factory will create more than 500 jobs on the 54-acre site that is less than 90 minutes away from Rangoon [Yangon]. Pegu will also become home to a major new international airport in 2016.

“The potential for growth in the beer market in Myanmar is promising. It has one of the lowest beer per capita consumption rates in Asia, with only four litres per person in a country with a population of more than 60 million,” said Thant Zin Tun, a board director of Myanmar Carlsberg.

But the consumption of beer is still limited and people in Burma are more accustomed to drinking cheaper whiskey than beer, which ends up costing more.

“Most people prefer whiskey, because it’s much cheaper than beer. However we would expect to see beer consumption increase as incomes rise in the next few years,” Marita Schimpl, head of marketing research at Myanmar Survey Research told the Bangkok Post.

Burma has a host of low-end, low-cost rums and whiskeys available on the market. According to May Lwin Oo deputy general manager of Victory Myanmar Group, which owns Mandalay Rum, a product that boasts a 75 percent market share of rums and whiskey and sells more than 15 million litres a year, “Sales figures [of Mandalay Rum] have not been affected by any increase in beer consumption.”

In addition to the lifting of most sanctions imposed by the US and EU, Burma’s beer market has also seemingly overcome another major stumbling block for investors: illegal imports.

According to Thailand’s Tak Chamber of Commerce, monthly imports from Thailand to Burma through Mae Sot were estimated at 3 billion baht (US$100 million). Others said this figure was conservative.

A transport network used to bring beer from Thai border points to a warehouse in Rangoon. The warehouse, which employs four workers on a commission basis, then sold the beer to outdoor pubs and shops, often at a lower price than for local beers such as Myanmar Beer.

“When I reached Myawaddy I’d make a call to Myanmar nationals living in Mae Sot, and 30 minutes later the beer would arrive,” says driver Phoe Nge.

Phoe Nge usually transported 700 cases of beer during the four-day round trips.

“I never paid tax on beer during the military government’s regime — I just paid a bit of money under the table. It wasn’t problem,” he shrugged. But this new government says, ‘You can bring in beer, but you have to pay tax on it.’ The government is bringing in containers of beer and it’s cheaper than I can get it for now.”

In September 2012, Phoe Nge made his last trip ferrying beer as his warehouse boss switched to the electronics trade.

One gate is manned by the Democratic Karen Buddhist Army (DKBA), who Phoe Nge said do not ask for tax. However the Shan rebels demand a payment of half the government’s rate of tax.

“But it’s very dangerous to go along these side roads — I could get shot,” he said.

Jessica Mudditt is a freelance reporter based in Rangoon.

Read more from her at: www.jessicamudditt.com

This article was first published in the Bangkok Post on 11 November 2013.

Release of political prisoners discussed in Rangoon

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In this file picture from Insein prison in Rangoon, families of inmates await the release of their loved ones. (AFP)

The Burmese government held a meeting with leaders from different political parties on Sunday to discuss plans to release all remaining political prisoners in Burma, state media reports.

President’s office ministers Aung Min and Soe Thane raised the matter at a meeting with dozens of parliamentarians in Rangoon, according to the New Light of Myanmar.

“The government is making strenuous efforts for [the] release of the remaining political prisoners in cooperation with political parties and civil society organisations,” said the paper.

A follow-up meeting is reportedly scheduled for December.

It follows a pledge made by President Thein Sein in July that all political prisoners would be freed by the end of the year.

Thein Sein, who took the reins of a nominally-civilian government in 2011, has already released hundreds of political prisoners – many of whom were arbitrarily arrested for their pro-democracy activities during junta rule.

In February, the government formed a multi-stakeholder committee tasked with identifying and releasing all remaining political prisoners in Burma, but its members have complained that the process lacks transparency and fairness.

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All prisoners are currently being released on “conditions” – meaning that if they are deemed to have violated any part of their parole they could be sent back to jail.

Thein Sein has also insisted that only “genuine” prisoners may be considered for release, creating difficulties for many ethnic minority rebels allegedly prosecuted for their role in violent or “terrorist” activities.

“The prisoners must be real political prisoners. Then, we will present the list of them to the president,” reportedly said Soe Thane at Sunday’s meeting.

It follows media reports that the government is looking to release a fresh set of inmates in the coming weeks.

“The president has said several times that there wouldn’t be any political prisoners in the country by the end of this year, so we can expect their release any time,” said Nyan Win, opposition party member, according to The Irrawaddy last week.

Over 70 inmates were released in July, followed by another 53 in October – mostly members from ethnic armed groups, with which the government is seeking to secure a nationwide ceasefire deal.

But some 150 political prisoners are estimated to remain behind bars in Burma, according to activists. Human rights groups also warn that dozens of new prisoners of conscience – including land rights activists – continue to be incarcerated despite the government’s talk of reform.

Over 99 percent of Rangoonites support amending the constitution, says NLD

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NLD representatives take part in the party’s road tour on constitutional reform at the Bo Sein Hman park in Bahan township, Rangoon township, on Sunday, 10 November 2013. Right to left: Ko Ni, Kyaw Ho, Tin Oo, Win Tin, Dr. Myo Aung, Phyu Phyu Thin, Sandar Min. (PHOTO: DVB)

More than 99 percent of 20,000 Rangoon voters who participated in the National League for Democracy’s (NLD’s) recent opinion poll on constitutional reform said they are in favour of amending the constitution, the Burmese opposition party announced on Sunday.

According to the NLD, only 120 of people who took part in the survey across the region of Rangoon division said they favoured rewriting the constitution from scratch.

The NLD, led by Nobel Peace laureate Aung San Suu Kyi, said it began conducting opinion polls in various regions across the country in October and that the road tour included speeches and seminars aimed at educating the public about the pros and cons of the 2008 constitution. Leading NLD officials Tin Oo and lawyers Ko Ni and Kyaw Ho headed the delegation.

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Tin Oo reportedly addressed crowds in many cities where he said that the 2008 constitution was “flawed” and that the NLD had objected to it since it has been drafted.

The NLD said it aims to present its findings to the parliamentary Joint Committee for Reviewing the Constitution of the Republic of the Union of Burma in mid-December.

The joint-committee previously set a deadline of 15 November to submit recommendations but recently announced it had extended the date until 31 December.

The Lady doth protest too seldom

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NLD leader Aung San Suu Kyi (C) pictured between US Assistant Secretary of State Kurt Campbell (R) and United States embassy charge d’'affaires Larry Dinger in Rangoon in 2010. (PHOTO: US Embassy Rangoon handout)

In July last year, shortly after the first wave of violence which engulfed Arakan state had taken place, U Win Tin, the co-founder of the National League for democracy (NLD) and perhaps its most influential figure after Aung San Suu Kyi, told me during an interview at his house in Rangoon that “the problem is these Rohingya foreigners. We have to contain them one way or another, something like what happened in the United States during World War II with the Japanese. The US government contained them in camps and after the war they were sent to Japan or they could apply for citizenship. We can solve this problem that way.”

The venerated 84-year-old former journalist – considered by many a voice of conscience among the pro-democratic opposition in Burma – said at another point in the conversation: “They [the Rohingyas] want to claim the land; they want to claim to be native. This is not right, that is the problem. But, of course, they have a lot of contact with foreign countries like those in the Middle East, Muslim communities, Indonesia, Malaysia; and this Muslim problem is really great, even all over the world – the problem is too big.”

The iconic Aung San Suu Kyi has always been less outspoken than Win Tin. But in a recent interview with the BBC she expressed ideas very similar to his, albeit in a characteristically indirect manner. After denying that what is going in Arakan state is an ethnic cleansing, she said that “the reaction of Buddhists is also based on fear,” before adding: “I think you will accept that there’s a perception that global Muslim power is very great, certainly that is a perception in many parts of the world and in our country too.”

She did not make the slightest attempt to deny the validity of such a “perception”. So, if silence is often as eloquent as words, it would not be unfair to infer that she shares it, as Win Tin unmistakably does.

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Many people from abroad who have supported the NLD and the pro-democracy camp at large for many years, even among those who are advocating for the downtrodden Rohingya, seem to be reluctant to admit something that by now should be clear to any clear-eyed observer: when it comes to the crisis in Arakan state, the government and most of the opposition, including the NLD and the 88 Generation, are on the same page. Maybe Myo Yan Neung Thein, a known activist since the student protests in 1996 and founder of the Bayda Institute in Rangoon, was not off the point when he told me last year: “The military, Aung San Suu Kyi, the 88 generation students and the politicians, we all share the same opinion about national identity.”

The opening process initiated two years ago in Burma is offering some hope that the country might change for the first time in five decades. But the transition is also putting into full view some ugly truths about the political realities of the country that the narrative of “good” (the democratic opposition and its supporters abroad) versus “bad” (the Burmese regime and its backers abroad, particularly China) had obscured before.

The first, and admittedly the less surprising of all, is that the human rights approach of the so-called international community – with the United States and the European Union at its head – was as easy to discard as the Burmese generals’ uniforms who adopted civilian garb to establish a not-so-civilian government two years ago.

For years, these countries put pressure with sanctions on the Burmese dictatorship due to its appalling human rights record. Admittedly, it was not a risky strategy, as Burma was considered of only secondary strategic importance. The geopolitical great game was played elsewhere and it was easy to adopt a “principled approach”. Now that China is getting too powerful, the US and the EU need to find allies in the region and the ex-generals in Naypyidaw are as good as any other.

It doesn’t matter that the Burmese government did not reach any of the benchmarks that the EU set to remove sanctions. Last year the EU did exactly that. Apart from the always open debate on the effectiveness of sanctions, this move could only encourage the Burmese regime’s sense of impunity. Meanwhile, every world leader, Obama included, seems to be eager to exonerate the Burmese government of any responsibility on the ethnic cleansing of the Rohingya in Arakan state and the wave of anti-Muslim violence elsewhere in the country, labeling it as only “sectarian violence”.

There are two other two ugly truths that are closely linked and are more of a blow to Burma watchers. The first one is that many in the pro-democracy movement have proved easier to co-opt by the government than would be expected after many years of struggle, starting with Aung San Suu Kyi herself. She has defended the corrupt cronies who have made millions out of a rotten system and even accepted presents from them. The second is that the most prominent leaders in the democracy camp and the generals have many more points in common than was immediately recognisable in former times.

Aung San Suu Kyi and the NLD never had a coherent set of policies, a program or even a clear ideology. She has never spelt out a comprehensive political philosophy or strategy beyond some vagaries about the need for a “revolution of the spirit”, the goals of democracy, human rights or, more recently, the need for “rule of law” in the country, without putting much flesh and bones into these concepts. Paradoxically, this very same vagueness played in Suu Kyi’s favour during her years of house arrest, as it leaves room for her listeners to read in her words whatever they want to read, regardless of their political leanings. Nonetheless, and although the politics of Aung San Suu Kyi are somewhat of a mystery in details, it is possible to see some of her attitudes and her party’s in general terms.

Broadly speaking, the most crucial issues that Burma faces today and in the future are fourfold: national identity; the organization of the state; a model for economic development; and its government.

Regarding the first, as we have seen, during the last two years it has become clear that the NLD, the 88 Generation, and most of the opposition share the same ideas of nationhood as the generals in Naypyidaw. It is not a looking-forward, all-inclusive and purely civic concept of nationalism able to transcend religion, race or ethnicity, where national allegiance is based on participation in public life. On the contrary, national identity in Burma, as legally enshrined in the infamous 1982 Citizenship Law, is based on an ethno-nationalism rooted in soil and blood which looks to a largely invented past for its foundations and where only the members of a limited set of ethnic groups are considered truly Burmese.

This ethno-nationalism is more likely to lead to a sort of “ethnocracy” than to a real democracy. And it is important to remember that it has led to catastrophic outcomes in many other places (the former Yugoslavia, Rwanda, Nazi Germany …), and it is particularly dangerous in a country with as much diversity as Burma.

The issue of the organisation of the state pertains mainly to the autonomy of the ethnic minorities that comprise roughly 40 percent of the population and who inhabit most of the outlying areas of the country, some of whom have been fighting for some sort of autonomy since Burma’s independence in 1948. To be fair, when Aung San Suu Kyi was released she called for a second Panglong Conference to try to sort out the issue, but later she has mostly maintained a deafening silence on the issue.

As I have argued previously, Suu Kyi has shown little empathy with the ethnic minorities and little understanding of the problems. As in other issues, she and her party have not explained a policy for accommodating the ethnic minorities’ demands for greater autonomy and have always given more precedence to the struggle for democracy than to this thorny issue, as if both questions could be separated. Moreover, there is an all-too-common perception among the ethnic minorities that “The Lady” only cares about the plight of the Bamar majority, a perception which has been reinforced by her refusal to defend the tens of thousands of civilians displaced in Kachin state.

When it comes to economic policies, Aung San Suu Kyi has not gone beyond advocating transparency, the need to introduce measures to reduce poverty, again without much further explanation, and repeating her mantra about the need for rule of law.

The fact that Burma is opening its economy and has the possibility of growing economically does not mean that the huge economic inequalities which affect the country will be solved automatically – on the contrary, if the experiences of other countries are to serve as example. But the democratic opposition and the government have not come out with any plan to avoid a widening of the gap between rich and poor.

The ethnic divisions that afflict the country have somewhat obscured its class differences, very conveniently for those at the top, but these divisions are not less real for being overlooked. In any case, the NLD can hardly be regarded as a party devoted to defend the masses of working poor Burmese citizens, and Aung San Suu Kyi left this quite clear when she advocated the continuing of the huge copper mine project in Latpadaung, even against the interests of the farmers evicted from lands they had been cultivating for generations.

The biggest divergences between the NLD and the government are to be found in the form of government. Suu Kyi has said many times that is necessary to change the constitution and that is necessary to reduce the power of the military to have a real democracy in Burma. But she also said recently in the United Kingdom that “the army must be the foundation of the country”, a statement that, to be entirely fair, might be due more to political strategy than to any inner conviction, given her commitment to ingrain herself with the military generals.

Since she was released from house arrest, Suu Kyi has been far more engaged in playing politics in the opaque corridors of power in Naypyidaw and making tours abroad than trying to listen to the Burmese public at large, whose support she and the NLD seem to take for granted. Even Win Tin has criticized this aloofness from the public and it is increasingly easier to find Burmese saying that she is not close enough to the people.

It is possible that Suu Kyi is playing a dangerous game and that it could be risky to be too confrontational with the generals, as some argue. And it goes without saying that she is right when she demands a change in the institutions of government. However, her obsession to work at the top means neglecting another crucial part of a healthy democracy: the participation of citizens in the political process. She and the pro-democracy opposition at large are basically playing by the rules of the government, seemingly too scared to infuriate the beast, and are missing the opportunity to build a strong grassroots movement that could serve as a counterweight of the powerful military. The result is that they are leaving the former dictators to build the new “democracy” almost completely on their own.

Even though she has admitted openly her ambition to hold presidential power in the future, Suu Kyi’s political vision for the country remains as hazy as ever. She won her seat in parliament by a landslide without a clear political platform, and her party has yet to publish any program. To date, no NLD MP has made a single proposal in parliament.

It is legitimate to ask whether The Lady and her party consider that their merits lie with her huge charisma and in past sacrifices, having won a general election 23 years ago, instead of aimed at a specific project for the country.

Burma is only at the early stages of an uncertain political process of change. It remains to be seen whether the opening of the country started two years ago will lead to a real democracy. For that to materialise, it is not only necessary to introduce changes to the constitution, the laws and the institutions of the state in order to create a framework where different ideas and political positions can compete peacefully, but there must also emerge a strong political movement capable of challenging both the power and the ideological hegemony of the military, and which can articulate an all-inclusive and progressive vision for the country by listening and responding to the legitimate demands of all Burmese citizens. Given the performance of Suu Kyi, the NLD and the main figures in the pro-democracy camp, all indications are that such a movement has not yet arrived.

Carlos Sardiña Galache is a freelance journalist based in Bangkok.

The views and opinions expressed in this article are the author’s and do not reflect DVB editorial policy.

Business Weekly

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Ups and downs

Official exchange counters in Rangoon were offering 967 kyat to the US dollar and selling kyat at 975, marginally higher than street vendors who are buying at 966 and selling at 974.

Gold is selling this week at 684,500 kyat per tical, down from last week’s value of between 687,900 and 690,000 kyat. Fuel prices remain the same for the fourth week in a row; rice prices also stay constant.

 

Foreign investment hits all-time high

Foreign Direct Investment (FDI) in Burma has reached more than US$1.6 billion for the first six months of the 2013-14 fiscal year – already topping the total value of $1.4 billion recorded the previous year, according to the Directorate of Investment and Company Administration (DICA). Some 40,000 jobs have been created by this year’s foreign investment, which included launches by multinational companies Heineken Beer and Nissan Motors among 57 foreign firms. DICA data shows the majority of FDI was in the garment sector, followed by food products, manufacturing and tourism.

 

Hyundai revs up for Burma

Hyundai Motor Co aims to raise its market share in Burma to over 15 percent in the next three or four years, basking in the huge popularity of South Korean culture, said the sole dealer for the automaker in the country, Kolao Holdings, this week. Hyundai reportedly plans to open 14 dealerships in Burma by 2014 – it launched its first in Rangoon in August. Vehicle models to be sold in Burma will be expanded from the Starex and Porter to include compact cars such as the Hyundai Accent.

 

Rice exports cannot top last year’s record high

Burma’s rice exports during April– October 2013 stand at around 450,000 tons, substantially less than the 730,000 tons exported during the same period in the fiscal year 2012-13, according to local sources. In FY 2012-13, Burma exported a record 2.1 million tons of rice, up about 40 percent from the targeted 1.5 million tons. The country is targeting exports of around 1.5 million tons of rice again in FY 2013-14, however, local sources say that it is unlikely the export target will be met this year. Burma’s rice exports surged last year mainly due to a good crop and low prices. However, rice crops this year were adversely affected by weather disturbances and higher prices. Moreover, Chinese importers have turned to Thailand and Vietnam for better quality rice after both countries lowered prices.

Read more: http://www.oryza.com/news/rice-news/myanmar-exports-450000-tons-april-october-2013-down-38-last-year#sthash.6TqpdJfN.dpuf

 

Seven percent of rural villages connected to national grid

Just 7 percent of all rural villages in Burma – a little more than 4,700 of nearly 65,000 small towns and village tracts across the country – are able to enjoy a supply of electricity from the national power grid. Nearly 13,000 villages, around 20 percent of the total number, attain electrical power from generators while some 21,000 are powered up by mini-hydropower, solar and biogas generators. The Burmese government is currently receiving assistance from China, South Korea and the Asian Development Bank in a bid to widen coverage across the country.

 

Bridge over troubled motors

A 17 billion kyat (US$17.5 million) budget has been appropriated by the Rangoon divisional government to construct an overpass at the Myaynigone junction in Rangoon’s Sanchaung township in 2014-15. The plan must be approved in parliament before it is finalised. The measure to relieve the city’s exasperating traffic woes follows hot on the heels of the construction of flyovers at Hledan junction (14 billion kyat); the 21 billion kyat Bayintnaung double-flyover; and the13 billion kyat Shwegondaing overpass which is due to open at the end of November.

 

Indonesia unveils power plans for Burma

Indonesia’s state-owned coal mining firm PT Tambang Batubara Bukit Asam plans to build steam power plants worth US$900 million in Burma in the next few years and has invited a local partner to work on the project, reported Investor Daily, quoting the firm’s finance director Achmad Sudarto. The Indonesian company will first build a 2×100 megawatt power plant worth between $350 million and $450 million, the report said, though the location was not disclosed.

 

Paying with plastic

MasterCard’s debut ATM card in Burma has attracted nearly 4,000 customers within its first month, according to Kyaw Lin, the CEO of Cooperative Bank (CB Bank), MasterCard’s local partner. The “Easi Travel MasterCard” was launched on 8 October and can be used for cash withdrawals at ATMs in 210 countries worldwide, The Voice reported. Within Burma it can be used for purchases online, and at restaurants, hotels and other outlets which accept MasterCard.

 

PETRONAS promises social, environmental assistance

PETRONAS, Malaysia’s state-owned energy giant which recently won offshore energy blocks in Burmese waters after a competitive tender bidding process, has announced that it will spend around US$1 million on environmental conservation and social assistance programmes in Burma. Othman Awang Jaya, a senior official for the firm, said at a Rangoon press conference on 5 November that PETRONAS, despite being an extractive enterprise, will assist with local education and social welfare, as well as environmental and forest conservation projects.

 

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