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A Tour of Yangon’s Architecture

Yangon’s Strand Road was once one of the most important roads in the whole of British India. Here, merchants, businessmen and members of the British Army would arrive, weary after months of travel from their homeland. Some would stay in the then capital city, while many would venture into the deep jungles to explore the country and her rich resources that continue to attract people today.

New arrivals fresh off the boat would have been instantly met by the domineering structures of the Royal Law Courts, the Port Authorities and the offices of the Burmah Oil Company – which would later become British Petroleum. The buildings remain to this day, some in varying states of disrepair.

The wide, boulevard-like Pansodan Road was an important thoroughfare in the city, too, and to each side the impressive structures from the British days remain. Some have fallen into such a poor state that it’s difficult to see how they can be restored, while others have been well looked after and continue to function as offices today.

Yangon – then Rangoon – only really came to prominence after the British took over the country in 1886, making it a province of British India. Burma, as it was known, was until then a Royal Kingdom. King Thibaw and his Queen Supayalat ruled from their golden palaces in then capital Mandalay, but when British troops stormed into the city and ousted him and his wife to some quiet corner of Western India, Burma came under British rule and they moved the capital city to Yangon in order to take advantage of the city’s close proximity to the sea.

So began the complete transformation of the city. Until that point, Sule Pagoda sat virtually alone in the middle of a dense forest, but the British decided to use it as a physical centre point and built some impressive structures around it. Fytch Square (now Mahabandoola Park) was built to the south, to the north the prominent City Hall and to the southeast the beautiful redbrick High Court.

The redbrick structures were strong representations of British architecture at the time, with the most notable being built slightly further east on what is now Bo Aung Kyaw Road, the Ministers’ Building (now known as the Secretariat).

The Secretariat has a special place in the hearts of the people of Myanmar. Completed in 1905, the British used it as their central parliament until they left, and it was in a small room here that the country’s independence hero, Bogyoke Aung San (father of democracy icon Aung San Suu Kyi), was murdered alongside seven of his associates by a jealous political arrival. Each year, on the anniversary of the murders – July 19th – Martyrs’ Day is celebrated across the country.

Today, the building is heavily guarded by high fencing and, despite a few glimpses here and there, it is difficult to get a real feeling of the building. This may change in the near future as it was recently announced that companies have submitted proposals to turn the site into a cultural centre and museum – it is hoped by many that authorities will choose this option for the historical building, rather than the predictable hotel or shopping complex.

While British architecture is certainly the most prominent in the former capital, what is most impressive about the city is its range of architecture. All across town, modern, glass front office blocks and condominiums sprout up, but the city is still dominated by the more traditional aspects of Asian architecture, mixed in with further influences from abroad.

A little known synagogue sits in the middle of the city’s downtown area. Built in 1896, while still under British rule, the Musmeah Yeshua Synagogue was built for the increasing number of Jews that were arriving from the Middle East region.

Once home to 2,500 Jews, many left during the brief Japanese occupation during WWII. Today, there are around 20 permanent Jewish residents in the city, but with an increasing number of visitors coming from abroad – both to live and visit – the synagogue is attracting an increasing number of worshipers.

Little known, too, is the Armenian influence, and it was two brothers – the Sarkys Brothers – from this region that built one of Yangon’s most prominent structures, The Strand Hotel, which was completed in 1901 and has checked in famous names including Somerset W Maugham, Mick Jagger and Oliver Stone.

A great number of Armenians emigrated across the Asian continent in the 17th and 18th centuries and, by the 19th century, many of those ended up in the country that we today know as Myanmar.

The Armenian Apolistic Church of St. John the Baptist is the most prominent Armenian structure that still stands today and attracts a few tourists thanks to its unique design. Completed in 1862, it is located on Bo Aun Kyaw Road, close to the Secretariat Building.

Add to these heavy influences from Central Asia, China, Hindu temples and traditional Burmese culture, and you find yourself in a city that offers as unique a mix of architecture as any city in the region.

The challenge now, as the city attracts unprecedented foreign interest and investment, is to ensure that these impressive structures are maintained. It goes without saying that some will fall foul. Some will deservedly be hauled down due to safety concerns, but what the government must ensure is that those that can remain standing are allowed to do so.

One Yangon citizen recently referred to the practice of “cultural genocide”, meaning that if structures that say so much about a city’s culture and history are torn down to make way for more generic modern structures, then that aspect of the city’s past could be lost forever.

The Yangon city planners must ensure that, as the city changes, this does not happen.

 

 

 

 

 

 

 

 

 

Marketing in Asia A Complex Choice

“The times they are a-changin,” warbled poet and songwriting legend Bob Dylan. Nowhere could that apply more than the dynamic, fast rising, booming and complex markets of Asia. The 21st century has been referred to as the “Asian Century” whereby Asian economics, culture and politics will dominate over the next 100 years as Britain and America ruled the 19th and 20th centuries respectively. What was speculation before is now emerging as reality, as more emphasis worldwide is placed on the growing economic powers of China, India, Japan, as well as East Asia, South Asia and Southeast Asia. With nearly four billion people – home to about two out of three of the world’s population and projected to grow to five billion by the middle of the century – it’s no wonder that many western corporations and brands have either expanded existing operations here in Asia or have moved in belatedly. Local Asian brands have hunkered down to both defend their local markets and expand globally. What marketers are discovering about Asia’s rich and culturally diverse markets are unique, often complex branding challenges, as consumer attitudes and desires seemingly change as rapidly as the mobile phones Asian consumers cannot live without.

Make no mistake about it: Asians are responding to the influx of rapid worldwide technological development like ducks to water. Already, the largest percentage of the 1.6 billion internet users worldwide are in Asia. Over 90 percent of the world’s internet video games are conceptualized and produced in South Korea. Every global brand worth its salt has established a headquarters in Asia to capitalise on the regions veritable unlimited opportunities. It has not come easy; to most marketers, Asian consumers are more knowledgeable, more discriminating and curious, but with shorter attention spans. Except for Hong Kong and possibly Singapore, Southeast Asian markets and China are young markets. It is this attractive youth market – where brand loyalty is built – that marketers stand perplexed. These are energetic, ambitious, highly motivated, multitasking, upwardly mobile, much sought after youth with seemingly unlimited choices, determined, as other youth have done before them, to burn their own paths toward posterity. Marketers term these multitasking youths as “Millennials”. If you have teenage kids you will know them for their perplexing ability to watch television while doing homework and chatting online while listening to their iPods – they just seem so relaxed and at ease doing so.

Even “older” consumers have been caught up in rapid modernisation and instant communication. The mobile phone in Asia has become the most pervasive electronic tool by far, and will become even more so. In addition to the already countless functions mobile phones now carry, internet games, banking and cash cards are additional functions already in place in some leading Asian countries. You really will not be able “to leave home without” one.

Given the complexities of the target markets’ ever changing attitude and desires, marketers find themselves even more confounded with the growing list of media and advertising vehicles, whether traditional or not, to attempt to get over the equally increasing noise and clutter. Traditional marketing and its subsets of branding, distribution, pricing and advertising just aren’t enough anymore. One has to have Customer Relations Management (CRM) programmes to keep current target consumers satisfied. It’s not enough to build a brand image, personality and franchise system through traditional media anymore, but instead it has become more effective to develop your brand via the internet, mobile phones, event marketing and loyalty programmes. A brand has to become activated to be an integral part of the consumer’s life… at their clubs, bars, concerts and hangouts. Better yet, brands stage the events themselves. Sales promotions once deemed harmful to a product image if continually run are now disguised as loyalty programmes. Brands have to be ever present. The once broad line between brand building and hard selling has blurred. Some marketing gurus see the new markets as horizontal and not vertical anymore. Does that mean a less focused shotgun marketing approach is now the norm?

If one likened the Asian marketing world to an ever growing layer by layer onion, and this onion had a core of truths, that core would have seemingly been crushed under the weight of those countless layers by now. Are there no longer any branding or marketing truths to stand by? Have traditional marketing tenets gone the way of extinction? Not really… because when it comes right down to the core of that onion sans the layers of media options, CRM programmes, events, online and offline activities, loyalty programs and what have you, what you have still holds true to successful marketing, branding, advertising, distribution and pricing; meaning that one has to do their homework to establish product or corporate positioning. This means continuous qualitative and quantitative market research to fully understand what the target consumers desire and want demographically and psychographically. One has to understand what motivates their target consumers whether they are children, teenagers, young adults, mothers, businessmen or senior citizens, and the more one studies these different consumer segments, the more one realises that the core motivators for brand values almost always remain the same. Value for money is not solely about the practical mind, but about emotional value which can be about affinity, intuitions, prestige, status, etc. Peer affinity is always a factor with the youth market that never changes. They have to have their own music, clothes and language. Marketers should not let the layers of technological marketing development cloud out the core values of human motivation. A successful brand has a likable personality – like a human personality – that people can relate to. International brands like Coca-Cola, Sony, Levi’s, Nestle, Honda, Starbucks and HSBC understand the importance of a brand’s perceived value. People prefer to purchase brands they know and have an affinity with.

We can then say that the underlying branding truth underneath all these layers of “change” is that the core values of successful branding remain the same. Consumers make brand choices based on the perceived value of a brand and its personality. The growing challenge for marketers is to make sure that all the layers of their brand stay focused on the image they want the target market to perceive, whether it is a loyalty programme, a CRM programme, online, offline, brand activation or what have you. Every single layer of the brand thrust becomes part and parcel of its perceived image. In retrospect, branding is, in its most basic form, the understanding of human behavior. Nothing more. Nothing less. It is all about common sense. The rational and emotional behaviour of people has always been driven by the same forces. Stay focused and the choices may not be that complex.

 

 

 

 

 

 

 

Under the Sheets

In the west, Egyptian cotton has become a byword for luxury. No five-star hotel room in central London or downtown Manhattan is complete without starched white sheets from the Nile Valley. Sleep experts are waking up to the fact that, since we spend so much time sleeping, to make the most of this time the best quality bedding should be used, which bed linen manufacturers believe is Egyptian cotton.

With an established reputation of being the best cotton in the world, the products made with the Egyptian cotton – from bed linen (pillow cases, duvet covers, bedspreads, bed sheets, towels) to bathrobes and high street clothing – are the world’s finest. Marks & Spencer, John Lewis, Habitat, Ikea – they all carry luxury Egyptian cotton bed linen. In Britain alone the cotton business is worth billions.

The Rich Nile

World renowned for its softness and luxurious feel, Egyptian cotton sheets are made with Giza cotton grown on the Egyptian Nile delta for at least 7,000 years. The Nile River runs the entire length of Egypt and flows out into the Mediterranean Sea. The ancient Nile River Delta has, since prehistoric times, been exceptionally rich agricultural land. Arab merchants brought cotton cloth to Europe in as early as 800AD.

Today, in terms of cotton production, China, the US, India, Pakistan and Brazil are the world leaders, but in terms of prestige, nothing comes close to Egyptian cotton. Such a reputation is not unjustified. It’s renowned for producing fibres that are not only longer – sometimes an inch and a half long – than any other cotton fibre grown elsewhere, but are finer and stronger, as well. “For thousands of years – as far back as the pyramid building era or since the time of the pharaohs – Egyptians have slept under and worn products made of this fine cotton” says Ayman Gaballah, Managing Director of the Royal Egyptian Cotton store in Alexandria, Egypt. The Nile Delta was an excellent place to develop cotton plantations as Egypt has a moderate climate all year round, which is perfect for cotton.

“Its processing is also unique,” indicates Chaimaa Afifi of the Patco Trading Co., one of the largest Egyptian cotton exporters in Egypt. “All weeding is done by hand and fertilisers are primarily organic nitrates and phosphates. No chemical pesticide or defoliants are used which guarantees the highest levels of purity” says Afifi. In addition, hand picking puts no stress on the fibers – as opposed to mechanical picking – leaving  the fibres straight and intact. Finally, after picking all the cotton, it is ginned by roller gins so as not to damage the perfectly formed fibres” adds Affifi.

Compared to the short, frayed, abused cotton strands produced by factory farms in other parts of the world, Egyptian cotton weaves into a strong, resilient, comfortable fabric. “The threads that are spun with the extra long variety are very fine and have greater elasticity, and serve to make exceptional soft bedding linen that surrenders one to its alluring touch. The strength of the fibre makes fabrics more solid and more resistant to stress that won’t easily break down, lint or pill” adds Gaballah.

All these factors have resulted in the Egyptian cotton fabrics being softer, finer and lasting longer than any other fabric in the world. Its ability to absorb liquids gives fabrics made of Egyptian cotton deeper, brighter and more resistant colours, as well.

Count Your Threads

To measure the level of smoothness combined with durability of the cotton, experts count the number of threads in a single square inch of fabric, which is called the “thread count” (TC), a term that Egyptian stores are surprisingly unfamiliar with. The reason is that the higher thread count Egyptian cotton sheets are typically produced in other countries and not in Egypt. The US and the UK are Egypt’s biggest cotton customers. The higher the thread count, the smoother, the heavier, the softer and more durable the fabric becomes. It even feels cool to touch. “Since with higher thread counts Egyptian cotton easily lends itself to being shapefd and beautifully transformed into bedding of all kinds than with other more inferior bed linen, most world class hotels and resorts boast about offering their guests Egyptian cotton sheets and pillows of more than 1200 TC which lends a heavenly soft feeling against the skin” says El Haj Yousef of ousef Cotton shop in Mahla, a large delta city south of Cairo.

You can’t really tell the difference in the feel of a 300 TC fabric and a 1200 TC fabric”, continues Affifi, “but the weight of the sheet set is a dead give away. We’ve handled a lot of bed sheets sets from different suppliers and their weight is very similar. A queen 1200 TC sheet set weighs about 8 to 9 pounds, while a queen 300 TC sheet set weighs only 4 to 5 pounds, and a queen 600 TC sheet set weighs about 6 to 7 pounds.”

“For daily use sheets, 200 to 220 TC per square inch is good enough,” says Gaballah, “but 300 to 400 TC per square inch is really in the luxury range. Bed linens with 1000 TC and above (make people) feel like royalty nestled in them.” The hotels actually save money in the long run by investing in the high thread counts sheets that become softer and smoother with repeated washings.

“Thread counts are important to our customers because they still equate high TC cottons with luxurious softness and comfort,” said Susan Sternthal, buyer/manager of the County Linen Centre, a 50-year old family run business in Doylestown, Pennsylvania. “However, we try to educate them about other important factors to consider besides thread count, like the weave and the finishing, so they understand exactly what the benefits are, what they’re paying for, and why.”

Take Care

Outlasting other cotton bed linen, which are generally part polyester, the sheets from the land of pharaohs may become an heirloom, if treated with a little extra care. When first purchased, the cotton sheets may feel a bit stiff but, after a few washes, one starts to feel the difference. Remember to take care of your top quality Egyptian sheets, as they will last as long for you as they did for Cleopatra.

 

 

 

 

 

The Race for Gold . China or India..?

In 2012, India’s consumers were buying more gold – jewellery, coins and bars – as they could get their hands on, even though record domestic prices were being hit because of the rupee’s value at the time, as well as the import curb.

A different story has emerged in 2013, as figures show a huge slump in consumption to 148 metric tonnes from July to September, a drop of 32 percent from the same period of the previous year, while in China it rose by 18 percent to 209.5 metric tonnes. This made China the world’s top gold consumer for the period.

It’s expected that China’s demand for gold, prompted by a change in import regulations and government policy, will continue its rise well into 2014. Predictions have estimated it could rise as high as 1,000 metric tonnes for the year.

Between China and India, they account for half of the world’s demand for gold and their joint purchases affect global gold prices, along with the strength or weakness of the US economy. A report from the World Gold Council said that, in 2013, Chinese consumers purchased nearly 798 metric tonnes, whilst Indian consumer figures dropped to 715.7 metric tonnes. This was attributed to the Indian government’s increase on import taxes and the introduction of an import curb. – plus, Indian gold importers now have to re-export 20 percent of the gold they bring in.

n the third quarter of 2013, Chinese demand for gold coins and bars was 12 percent higher than the previous year at 47.9 metric tonnes. At the same time, China’s consumption of jewellery rose 29 percent in the third quarter to 163.8 million metric tonnes, emphasising China’s place as the world’s largest consumer of gold.

 

 

 

The Kalaw Party Bus

Anyone who has ridden a bus in Myanmar knows that busses here don’t run on diesel, an engine, or even wheels; they run on nonstop, eardrum shattering karaoke. The air conditioning may not work, the tires may be bald, the paint job a dubious affair, and the doors not closed, but the karaoke and the speaker system appear to be meticulously maintained.

It was a rather harrowing overland trip from Yangon to Kalaw. Sure, we could fly, but we wanted to see the countryside and experience the sights and smells involved with travelling “local-style”. We had even decided to take on the challenge of taking one of Myanmar’s scenic train rides from Thazi to Kalaw.

This all sounded good a fine until a wheel on the bus fell off at 2am, leaving everyone stranded for 4 hours, including those poor souls who were squatting on plastic stools in the centre aisle for the duration of the breakdown, squeezed between bags of rice and farm produce.

The bus ride had started out as promising as a bus ride could, all things considered. The VIP express bus we were promised turned out to be a less pimped out ride than pictured on the ticket – but it had air conditioning and we weren’t on a strict schedule, so it was no big deal.

We were cruising along merrily enough at 2am, trying to ignore the nonstop karaoke, until a sonic “BAM!” threw everyone forward, jolting the aisle squatting passengers into a heaping pile towards the front of the bus.

The bus stopped, the lights turned on, the karaoke remained blaring, and the engine remained running. The running of the engine was a promising sign; I whispered to my French companion, “I think it’ll be quick, they kept the engine running.”

Thirty minutes later, the engine turned off, but the lights remained on along with the karaoke, which I thought was beginning to resemble the sound of a hundred wailing babies. This time my French companion said, “I sink is OK, if it was really bad, they turn off light.”

Then the lights turned off, but as though it was the very bastion of hope itself, the karaoke remained. Until at last, even the karaoke succumbed and the entire bus seemed to let out a collective sigh of despair. It was going to be a long one.

Unfortunately the delay had thrown a wrench into our well planned itinerary and we would now miss our train to Kalaw. We eventually got there, though, walking into town triumphantly with the feeling of having conquered the odds.

On arriving, we met a rather fun French group who had hired a guide for the famous three day trek from Kalaw to Nampan in the Inle Lake area. They told me they were looking for an addition to the group, and not wanting to offend a French invitation, we put our names in the hat.

So, for an all inclusive price of 40,000 kyat each, the handful of us hired a guide for the three day, 62km long trek.

I had never hired a guide before, and the idea of doing so was frankly injurious to my pride. When I saw the route we were going to take on Google Maps, I second guessed my decision even more. Q: How hard could it be?

A: Very hard! Not because we were scaling the face of white capped mountains or crossing crevasses with ladders and ropes, but because there are no marked trails. There was not one trail, or two trails, or ten. In fact, every day we probably got on and off 15 different trails; I completely lost the small sense of direction I had in the first 10 minutes (not an unusual occurrence).

The trek itself was marvelous; we wandered around the back country of Myanmar’s highlands, which offer sweeping vistas over open farm land dotted with cows and gleaming stupas in the distant hills. The first night was spent in a villager’s house and the second at a monastery – both apparently in the middle of nowhere. A cook went ahead of us, concocting superb cuisine in advance of our arrival which we ate outside, stuffing ourselves by candlelight.

Having completed the trek, I would say the trekking experience is one of the best, although if you’re traveling to Kalaw by bus, you may want to consider taking one which pays as much attention to its wheel maintenance as it does to its karaoke system.

 

Myanmar Telecoms

As Myanmar makes its transformation from international pariah to the new darling of Southeast Asia, the international business community is keeping a keen eye on the country’s government. For five decades, the country was ruled by an oppressive military and, as the country makes tentative moves towards actual democracy, international observers want to ensure that the reforms that began taking place in 2011 are genuine.

One of the most high profile tests in 2013 came when the Ministry of Telecoms and Communications announced the two successful international companies were to be granted telecoms licenses alongside two local operators.

Almost 100 expressions of interest were submitted from companies all over the world, before that figure was cut to 22, then 12 in April. On June 27th, following an extensive vetting process, the two winners were announced as Norway’s Telenor and Ooredoo of Qatar, with a joint venture between Japan’s Marubeni and France Telecom selected as the reserve choice should one of the license grantees be unable to fulfill its commitments.

Even the companies and consortiums that were unsuccessful at the bid stage spoke promisingly about how free and fair the whole process had been. Clearly, it was a test that the government passed.

Telenor’s inclusion was generally expected. The company, partly-owned by the Norwegian government, already has a strong presence in Southeast Asia as a market leader in neighbouring Bangladesh and with operations in Malaysia and Thailand.

Ooredoo, however, was less expected and surprised even the most well informed analysts. Despite early promises of investing an incredible $15M in the country over the 15-year license period, many expected either Singtel or Digicel, the latter of which that had been on a particularly aggressive marketing campaign, to get the nod.

Of Myanmar’s estimated population of 60 million, less than 10 percent have access to a mobile phone. Compare that to other countries in the region – Indonesia has close to 100 percent and Thailand 110 percent – and it gives you some idea of the growth potential in the telecoms market in Myanmar.

Since the bid announcement, however, optimism has waned. While the new Telecommunications Law was passed in October, at the time of print the licenses had not yet been issued to the successful bidders – thought to be due to minor disagreements over certain aspects of the new bill – and the ministry has to ensure that it does not let the good reputation it has built for itself begin to slip as the wait for live telecommunications continues.

When the winners were announced, it was promised that operations would be live within nine months – meaning that by March both companies should be able to roll out their services – and while that target is still not impossible, with the licenses still not granted and little progress taking place on the surface, observers are skeptical as to whether that deadline will be met.

There are other issues for Ooredoo and Telenor to deal with besides the lack of clarity on laws and licenses. Land prices, human resource problems and a lack of infrastructure are issues for all international companies coming into the country to consider, but Ooredoo and Telenor must add the building of towers in hard to reach places to that list.

Part of the remit for successful companies was to ensure almost 100 percent (as well as truly nationwide) phone coverage within six years, but as parts of the country, particularly in the north and the west, continue to be hit by ethnic tension and violence, it remains to be seen whether the operators can construct their towers in these areas.

Ooredoo, too, has its own set of unique issues to contend with. In the past year and half, Buddhist-Muslim violence has spread across the country. While the bulk of the violence has taken place in western Rakhine State, it has been perceived by many as an attack on the Buddhist identity of the country, leading to a fairly widespread anti-Muslim sentiment.

Coming from and being backed by a Muslim country – particularly as part of the fear is of Muslims taking over the economy and driving out Buddhist businesses – some prominent members of society have called on people to boycott Ooredoo products. Additionally, the Myanmar Insider has spoken to some mobile phone shops in Yangon who are wary about stocking Ooredoo products due to their connections with the Qatari government.

While Ooredoo has not publicly addressed the issue, it is in the process of working hard to ensure that the brand is seen in a positive way. In recent months, Ooredoo has been on a charm offensive, sponsoring a number of civil society events in an attempt to win over the public’s trust, with many more announcements expected soon. It remains to be seen if they can do enough to turn public opinion enough so that it can compete on a level playing field with Telenor.

Telenor, however, might not be its only competitor. Recent reports have suggested that the two domestic telecommunication companies – state-run Myanmar Posts and Telecommunciations (MPT) and Yadanapon Teleport – are courting international companies to implement a joint venture to allow them to compete with the two new players in the market.

Until now, MPT has been the sole operator in Myanmar, but has shown that, on its own at least, it will struggle to compete with companies coming in with experience on the international stage. If, however, it can team up with international companies that have experience in building networks, then the sector could become more competitive than many expected. Companies thought to have expressed an interest in joining with MPT include Vodafone, Singtel and Orange.

Today, a SIM card in Myanmar fetches upwards of $150, even on the black market. That is a significant drop from years ago, when they could cost as much as $1,000.

New mobile phone network operators in the country should go a long way to greatly improving the country’s economic performance, as well as access to information for many of its citizens, but it remains to be seen how long it will take before this becomes truly nationwide as the government has promised.

Flamingo Bar

Finally. A forward thinking bar that brings a unique underground vibe and is committed to promoting a cool international sound to an eccentric mixed crowd. An intimate venue full of character (with a slight industrial feel to it), it’s similar to the underground warehouse venues in London. They try to keep the industrial feel and have added some new decor to liven it up even more. The club already boasts an impressive sound system and serious lighting setup, which makes for a truly unique experience. They are still undergoing renovations to enhance the overall customer experience; large television screens that display cool graphics, even more improvements to the decor and a bigger bar area are all being implemented at the time of this writing.

The aim is to create a real focus on the music and entertainment aspects, bringing a touch of the familiar from home for the expats and a lot of new for the locals, creating the perfect night out for one and all. In terms of menu price, Flamingo Bar is extremely competitive and the bar/club is open 7 nights a week starting at 9:30pm till late. It’s centrally located with easy access and lots of parking.

The sound is similar to that of London, Ibiza and parts of the US, and they are also bringing some new sounds from developing Asia. You can expect top quality tunes from the best local and international DJs and various unique themes throughout the many different nights of the week. Some nights you’ll hear the best in house/deep house/tech house and modern garage, while on other nights you’ll find big room progressive and trance pumping through the sound system. It’s not unheard of for Flamingo Bar to take you back to the old school hip-hop and garage days, but some liquid drum & bass nights can also be expected. Their resident DJs focus on building a musical identity for each night and will no doubt create an open minded crowd who will grow to trust the musical vision.

While promising quality upfront electronic music, Flamingo Bar also has many live band nights, a blues and jazz night and the always popular disco nights. They pride themselves on hosting forward thinking parties with exceptional service, each and every night, as well as a very unique Yangon experience. They believe in their music policy and they encourage dancing, so go prepared!

Dont follow the crowd – follow the underground!”

 

Progress For Ooredoo

Digicel Asian Holdings, comprised of the Digicel Group, the First Myanmar Investment Co. Ltd and Yoma Strategic Holdings Ltd, has signed an agreement with Ooredoo Myanmar to develop, construct and lease telecommunications towers in Myanmar. We understand from management sources that detailed terms regarding ownership and capital outlay for the consortium are still being negotiated and will be announced in due time. Digicel Asian Holdings’ company in Myanmar, Myanmar Tower Company, will construct multitenancy towers in Myanmar and aims to work with multiple telecommunications operating companies, including Ooredoo’s, to facilitate its commitment to rapidly achieving coverage across the country after winning a coveted license.

In June of 2013, Myanmar authorities awarded two telecommunications licenses to Norway’s Telenor and Qatar’s Ooredoo. As part of the reported requirements, winners of the tender must launch their services within nine months of the licence being granted and install a network to cover a quarter of the country within a year, and three quarters within five years. Given that this is a mostly green field project in an undeveloped country, it makes tremendous sense for both telecommunication players, and for the local telecommunication companies, as well, to outsource the build out and share resources to manage costs and gain strategic synergies.

Commenting on the announcement, Mr. Denis O’Brien, Chairman of Digicel Group, said, “We are delighted to work with Ooredoo to help develop a high quality telecommunications network across the Republic of the Union of Myanmar, contribute to the growth of the Myanmar economy and benefit Myanmar citizens across all of the country’s States, Regions and Union territories.”

Mr. Serge Pun, Chairman of Yoma Strategic and FMI, added, “Today’s announcement is a significant step in the economic and social development of the Republic of the Union of Myanmar. We are delighted to play our part in such development and look forward to working closely with the Government, authorities, telecommunications operators and other local companies.”

About Digicel Digicel

Group Limited is a leading global telecommunications provider with operations in 31 markets in the Caribbean, Central America and Asia Pacific. After 12 years of operation, the total worldwide investment to date stands at over US$4.5B. The company is renowned for delivering best value, best service and best network.

Digicel runs a host of community-based initiatives across its markets and has set up Digicel Foundations in Jamaica, Haiti, Papua New Guinea and Trinidad and Tobago, which focus on educational, cultural and social developmental programmes.

Digicel is the lead sponsor of Caribbean, Central American and Pacific sports teams and individuals including the world’s fastest man, Usain Bolt, and Special Olympics teams throughout these regions. Digicel also sponsors the West Indies cricket team.

About YSH Finance Limited

YSH Finance Ltd is part of the SPA Myanmar Group, one of the leading business groups in Myanmar, with companies active in key business sectors, including financial services, real estate development, automobile distribution, agriculture, manufacturing, services, retail and travel, and tourism.

YSH Finance Ltd is owned by the First Myanmar Investment Co. Ltd (“FMI”) and Yoma Strategic Holdings Ltd (“Yoma Strategic”), two public companies within the SPA Myanmar Group.

In 1992, Mr. Pun set up FMI, a public company in Myanmar with over 4,500 shareholders, all of whom are Myanmar nationals. Employing approximately 5,000 people within the Group, FMI is active in a broad range of activities in Myanmar.

In 2006, Mr. Pun led Yoma Strategic to a successful listing on the mainboard of the Singapore Stock Exchange, which is today an internationally publicly listed company offering investors direct exposure to Myanmar.

Company Registrations

Myanmar authorities have indicated that they will speed up company registration by cancelling the “temporary permit” issuance. Up to now, companies in Myanmar are setup in two stages. In the first stage, the company is granted a temporary permit. Once the required portion of the company’s minimum capital is remitted, a final certificate is issued.

The Directorate of Company and Investment Administration (DICA), which oversees company registration, will now abolish the first stage. Companies will immediately receive their final documentation, which includes a Permit to Trade and a Certificate of Incorporation. The move is aimed at reducing the administrative burden connected with company establishment for both authorities and investors.

 

Sixteen Winners Selected For Onshore Blocks

The Myanmar Ministry of Energy has announced which companies have been awarded contracts for its tender of onshore oil and gas blocks.

Petroleum Brunei, the Italian ENI, and the Canadian (but Singapore based) Pacific Hunt Energy Corporation, are among the winners. PTTEP, Petronas and MPRL, which all have interests in Myanmar, were awarded blocks, as well. Petronas, ENI, MPRL and Pacific Hunt Energy were each awarded 2 blocks. The awarded companies and related blocks were announced by the Ministry of Energy (MOE) on the 10th October, 2013, and the list was published on the Ministry’s website. There are a few interesting takeaways from the onshore awards, which can teach us something about the upcoming offshore round: Sixteen Winners Selected For Onshore Blocks

• Can a contractor be awarded more than one block? Clearly, yes. It seems that the Ministry looks at the bids that came in on a block per block basis. Whether one contractor ends up with more than one block is simply a matter of that contractor having the better bid for each one of those blocks.

• Existing players, such as PTTEP, Petronas and MPRL, have an edge over the newcomers. This is not a matter of policy from the Ministry. It is simply easier for contractors that already know Myanmar to propose a more aggressive bid. They are not troubled by as much uncertainty as newcomers are. We may see this again with the offshore round.

In January of 2013, the Myanmar Ministry of Energy (MOE), on behalf of the Myanmar Government, announced the invitation for sealed bids for Myanmar Onshore Blocks Second Bidding Round. The Round offered onshore blocks for Petroleum Operations to be conducted on a production sharing basis. A total of 18 onshore areas were offered, 15 Production Sharing Contracts (PSC) and 3 Improved Petroleum Recovery Contracts (IPR). Only 2 blocks from the 18 were not awarded, notably PSC M and IOR 3, due to a lack of bids.

The Ministry plans to invite sealed bids for the two remaining blocks, but details have not yet emerged as to schedule. A press release by the MOE stated that “the tender evaluation team led by the deputy minister scrutinised and gave a score to final proposals according to the selection criteria, such as exploration period, work schedules and expenses to be expended, production share ratios,experience of company, and signature bonus”.

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