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“Looking to Hire 100+ more Staff ”

Interview with Justin Sway

CEO of MMOne Online Group

Please introduce yourself as well as MMOne Group to our readers. 

I’m Justin Sway, CEO and Founder of the MMOne Online Group. The group is made up of two core businesses which are basically Online Classifieds. The first one is JobNet.com.mm which is an online Recruitment and Talent Management solutions business, and the other is ShweProperty.com which is an online property portal and transaction business. We have investors from five different countries, two are major Venture Capital companies, which are multi-billion dollar firms based in UK and Sweden. We also have Asian investors from Vietnam and western investors from France.  Recently, we brought onboard some more investors as well. One additional venture capital firm is Emerging Market Investments Advisors (EMIA), a Singapore based private equity fund with a portfolio of 13 businesses across a range of sectors and offices in Cambodia, Myanmar, and Singapore.  

How did you end up at this position?

I was born in Myanmar and my family left the country when I was only four years old.    I spent over forty years in Australia and I founded and owned a very successful recruitment software company called “FastTrack”, which is still the number one recruitment tech company in Australia and New Zealand and was considered to be in the top 3 in the world.

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First Ever Gala Night of Myanmar National Real Estate Awards is Coming Soon

Myanmar National Real Estate Awards (MNREA), established by Shweproperty.com, allows all developers to be recognized both locally and internationally to support them in their sales and marketing of current and future projects. The VIP Corporate Launch of Myanmar National Real Estate Awards was held on May 28 at Novotel Max Yangon.                     

With the aim to annually celebrate and reward top property developers and construction companies across the country for their achievements and commitment to designs and innovations in the local property development industry, Myanmar National Real Estate Awards will be the first award of its kind in Myanmar. The event brought over 300 distinguished leaders from Myanmar and international property development sector.

The MNREA is an inclusive awards program, across a national level recognizing all types of property development, rewarding applicants that contribute to the nation, economy, and property market.

Speaking at the launching event, “Nowadays when we do business, we have to go beyond profit. Please take care of environment,” said Prof. Dr. Aung Tun Thet, former Economic Advisor to the President of Myanmar.

Over the course of five months, the participating property developers and construction companies from both local and international will go through a selection process and the judging panel will be composed of 6 local and 4 international judges, headed by Prof. Dr. Aung Tun Thet and verified by Deloitte Myanmar to ensure transparency.

Speaking at the event, Richard Emerson, Managing Director of Emerson Real Estate, the head judge, said the judges will be looking for the highest standards of excellence, professionalism and innovation in each award category, by using internationally recognized standards for the judging and scoring.

With 10 judges, 53 prizes would be awarded determined by 23 different categories including heritage restoration, modern architectural design, environmental sustainability, and innovation for affordable housing, marketing campaign, and more.

The esteemed panel of Independent Judges, comprised mainly of Prof. Dr. Aung Tun Thet as the Honorary Judge, Richard Emerson as the Head Judge along with other Independent Judges from respective areas of real estate will identify projects and companies which have made unique changes in their areas of expertise.

The judging process follows receiving a number of applications for one-month-period from May 29 to July 31 which was extended to August 5, with an entry fee of 70$ per category. The short-listed candidates would be nominated a month before the Awards Gala that will be held at Novotel on October 4.

Read This Before You Go to Bagan

People of Myanmar are happy people. The reasons could be many. But lately they got one more reason to add to their happy quotient list making them even happier. Bagan, known as Myanmar’s ancient capital, has been included on the UNESCO’s World Heritage List. Lying on a bend of the Ayeyarwady River in the central plain of Myanmar, Bagan, which unfortunately does not figure in most tourists’ itinerary, is likely to be a boon to Myanmar’s tourist industry after the announcement.

The site of thousands of red-hued temples and stupas from the 11th to 13th centuries, Bagan is a sacred landscape which has finally been recognized by the UNESCO. Though Bagan is known as Myanmar’s sleeping city but its unparalled beauty makes tourists wide-eyed awake. The ancient city bears spectacular testimony to the peak of Bagan civilization when the site was the capital of a regional empire. This ensemble of monumental architecture reflects the strength of religious devotion of an early Buddhist empire. Bagan has eight components that include numerous ancient temples, stupas, monasteries and places of pilgrimage, as well as archaeological remains, frescoes and sculptures.

Since Bagan features an exceptional range of Buddhist art and architecture, UNESCO chose it this year despite the fact that in 2016 a magnitude 6.8 earthquake had damaged its more than 200 temples. It has been suggested that perhaps over 13,000 temples, pagodas and other religious structures originally were built in this 26 sq. mile (42 sq.km.) area during the height of the kingdom between the 11th and 13th centuries. The region clearly stands with Angkor and Borobudur among the most significant archaeological sites of Southeast Asia and indeed of the world. Nearly a quarter of a century ago also, the complex of Buddhist temples was first nominated for listing but didn’t qualify for the status. But Myanmar renewed its efforts to list the site since a transition from military rule began in 2011.The International Council on Monuments and Sites recommended Bagan, noting that Myanmar had adopted a new heritage law and had formed plans to reduce the impact of hotels and tourism developments around the temples. Now over 2000 monuments of various sizes remain, in varying states of repair.

Bagan was the capital of the Kingdom of Pagan from the 9th to the 13th centuries, a period in which some 50 Buddhist kings ruled the Pagan Dynasty (During their period of colonial dominance the British spelled it ‘Pagan,’ and that name is still commonly used). Most recommended to the visitors are Shwezigon Pagoda, Gu Byauk Gyi temple, Ananda Temple, Mingala Zedi Stupa and a group of Khay Ming Ga temples. These and many other sacred sites possess heart-touching beauty. Ananda temple built in the early 12th century is known as the finest, largest, best preserved and most revered of the Bagan temples.  During earthquakes of 1975 and 2016, Ananda Temple suffered considerable damage but was totally restored. It looks stunning in the light of the setting sun.

Two major historic types of architectural structures are found in the Bagan Archaeological Zone. The pagoda or stupa (in Burmese a zeidi or zedi) is one of the primary Buddhist monuments. The term Paya is often also used in English interchangeably with pagoda. Many zedis also were built to honour a notable person, or even bring lasting remembrance to an important family. The zedi is a bell-shaped brick structure set on a square or octagonal base; it usually rises to a gently tapering peak gilded metal and jeweled finial topped with a sacred parasol-shaped decoration. Although there is fine brickwork, the stupas often were covered in stucco and adorned with fine carvings. 

The other major surviving architectural form at Bagan is the temple (pahto), which can also take on a variety of forms. The pahto is often a massively built square or oblong structure with outer terraces representing Mount Meru, the symbolic home of the gods, and surrounded by a thick wall to separate its sacred realm from the outside world. The temples (gu) were inspired by the rock hewn caves of Buddhist India. They were larger multi-storied buildings and places of worship that included richly frescoed corridors with sacred shrines and images. Unlike the corbelled arches at Angkor, Bagan temples widely employed both barrel vaults and pointed arches. 

The temples were often built around a zedi and included a variety of other buildings such as living quarters for monks and ordination and assembly halls. Examples of the pahto-style architectures include those of Dhammayangyi, Gawdawpalin, Htilominlo. Shwegugyi, Sulamani and Thatbyinnyu temples.  The Gawdawpalin Pahto is one of the largest temples and, the second tallest temple in Bagan. It is a must-see when in Bagan. Mahabodhi Temple is unique among Bagan structures. The temple is a two-storey structure about 43 meters high which was built in the 13th century. It is the only specimen of its structure among thousands of surviving monuments in Bagan. In fact, this temple is a replica of the famous Mahabodhi temple in Bodhgaya, Bihar  in India. Its uniqueness lies in its extensive exterior ornamentation. Its numerous niches enclose over 450 Buddha images not only on the tower but also on the corner stupas.

Most of the Bagan monuments are important from the conservation point of view because they contain valuable mural paintings with captions in Pali, Old Mon or Bamar inside them. The themes of the wall paintings are from Jataka tales and various episodes from the lives of Gautama Buddha and other buddhas. The paintings also depict evil beings with bearded Indo-European faces and ordinary snakes instead of the classical dragons. Even the mythical creatures were of species unknown to traditional Myanmar art. In a few temples, the Zatar or horoscope can be seen somewhere in a corner. Horoscopes are made on a person’s birth but in a temple they mark the ‘birth’ of the temple. Another unique style of art can be seen on the walls of the Sulamuni Temple. They were presumably painted in the 14th century Pinya period or later, for the arched eyebrows and small mouths are typical of that era’s art. Due to absence of light, most such paintings still remain as nearly as the original ones, though some have been damaged badly due to natural calamities and other circumstances. 

One of the criteriafor selection to be included on the World Heritage List is to be of an outstanding example of a landscape which illustrates significant stages in human history and Bagan truly qualifies the criteria and deserves to be a UNESCO Heritage site. 

Strategic Alliance of Rent 2 Own with Shwe Minn Gan Finance

On July 24, Rent 2 Own announced that the company added a new service to its existing product range by offering motorcycle financing and cash loans to existing base of client which will be implemented by partnering with Shwe Minn Gan Finance at press event at Sule Shangrila. According to Rent 2 Own Chief Executive Officer, Philippe Lenain, the collaboration with Shwe Minn Gan Finance offers an excellent opportunity to diversify. Rent 2 Own has long focused on rural areas and on making mobility accessible to the Mayanmar people operating 39 branches across the country and over 100,000 clients through partnering with more than 400 motorcycle dealerships.  Shwe Minn Gan Finance Ltd is part of the Rakhine based Inn Pauk Wa (IPW) group of companies and is active in trading, shipping, hospitality, services, real estate, energy and agriculture. Followed by gaining Non-Banking Financial Insitution (NBFI) license from the Central Bank of Myanmar in early July 2019, Shwe Minn Gan agreed on to provide financial services to Rent 2 Own base of customers  by means of strategic partnership. “We have not taken this step easily. The collaboration is the result of two years of discussions and preparation. “said Shwe Minn Gan Finance Director, Hla Than Ye.  The customers who have existing rental agreements with Rent 2 Own will be able to get cash loans with 2.5 percent of interest from SMGF ( Shwe Minn Gan Finance). A larger product range is aslo planned to offer to rural population of Myanmar through this partnership, according to Philippe Lenain told to media at the event.

Wave Money and Oway Partnership Leverages Travel Payments with Mobile Financial Technology

Wave Money, one of leading providers of mobile financial services, officially inked with Oway, the leading travel and transport company, on July 11 by entering into strategic partnership which will make travel-related payments easier and more secure.

As part of the partnership launch, WavePay users can have special privilege of a 50 percent discount on all domestic flights booked through the Oway website from July 11 till August 10 while the limited numbers of tickets last. “We are delighted to partner with them as Oway share our vision for a future that leverages digital technology to improve lives and experiences. From here on, Wave Pay users can plan their travels fast, efficiently and securely through Oway and do online payment using WavePay,” said Mr. Brad Jones, Wave Money CEO at the signing ceremony.

 “Our partnership with Wave Money is part of (our) commitment to make travel easy for people in Myanmar. Online payments can be a challenge as many people don’t use credit cards or have access to formal banking. Through the WavePay app, these customers can now conveniently book their flights, hotels, trips, anywhere, anytime using their mobile devices,” said Mr. Alok Kumar, CEO of Oway Group in his speech. He also highlighted that the digital payment ecosystem is in its nascent stages with internet banking below 10 percent penetration and credit card usage at below 5 percent. 

Oway fleet drivers also stand to benefit from the Wave Money partnership as they can now use the WavePay app to receive and send money. This will resolve the mutual process of withdrawing substantial cash on daily basis, as well as facilitate individual accounts management and reconciling these accounts after every trip. Along with statistics of Wave Money in its stellar growth report 2019, Wave Money weaved the financial inclusion network around more than 11 million customers and 45,000 agent surpassing traditional bank branches and ATMs across the country since its entrance into market three years ago. From January to July 2019 alone, Wave Money handled $1.7 billion in remittance volume and paid more than $15 million in agent commission. 

Vocational Training Support of Samsung Myanmar at Nay Pyi Taw Government Technical School

Samsung Myanmar, who began implementing its CSR activities in 2013, held the closing and awarding ceremony of Samsung Tech Institute: Vocational Training at Government Technical School in Nay Pyi Taw on July 18, 2019. 

By providing both technical and soft skills training, Samsung aims to create better job opportunities for youths and also provide qualified skilled laborers to the communities. Samsung Myanmar has been implementing the Vocational Training since 2016, marking this as its 7th training session. This year’s vocational training was held at Government Technological High School in Nay Pyi Taw from June 17to July 17 with the participation of 50 students. During the training, Samsung provided students with the necessary equipment for mobile phone repair training, as well as Samsung-branded T-shirts, books, pens, bags, and an allowance of 130,000 kyats per person for the duration of their participation in the program. 

“As Samsung Myanmar, we are very proud to support the youth from the different parts of Myanmar every year to become an expert in their respective tech fields, to make them feel more confident and to be more qualified when they go into the working community. We also believe that all the students who have finished attending these trainings can support and benefit their environment through their skills” said Soe Thura, Public Relations and Citizenship Manager of Samsung Myanmar. 

As part of the training, a software test took place on June 29 and hardware test on July 15 for the trainees. At the closing ceremony, training completion certificates were given to the students and the top 5 students with the highest scores were awarded 500,000 kyats for the first prize, 300,000 kyats for the second prize, and 200,000 kyats for third and a consolation prize of 100,000 kyats respectively. 

“On behalf of the students, I would like to thank Samsung Myanmar for their support by opening this trainings and fostering talented students into the mobile phone technology field. These 50 students are selected out of 200 applicants in terms of some criteria where alumni students and youngsters, who find the tertiary education hard to continue, are put at first priority for the training as we really aim our trainees to have those skills applied back in making their lives.” said Nyo Chaw, Principal of Nay Pyi Taw Government Technical High School.

“Microfinance Success Asia” Event 2019 Unfolds Evolving Microfinance Industry

The first Microfinance Success Asia event was successfully held at PARKROYAL Yangon on July 23  and 24, brought by Singapore-based HBZ Events in consultation with Myanmar Microfinance Association (MMFA) under the theme of ‘Managing Sustainability & Impact in a Rapidly Evolving Microfinance Sector’. Microfinance Success Asia 2019 provided a forum for stakeholders to tackle issues and share the successes curated around the corners of microfinance industry. Participants on one hand were engaged in professional exchanges and networking at the event where more than 150 professionals from finance area and other players from respective sectors of the industry were present. 

Herman Zaidin, Managing Director of HBZ Events, shared at the beginning, “Both local and regional microfinance industry stakeholders have a platform to learn, network and synergise for the advancement of microfinance solutions and operations from the event.” 

Managing Director of Myanmar Development Partners Co. Ltd, and a member of MMFA’s leadership team, Phyu Yamin Myat, addressed delegates with the opening speech, saying, ” Myanmar’s microfinance industry is in its nascent stage but taking off with significant speed, so we need to work towards accelerating further growth because we aim to support majority who are living below the poverty line. Despite having challenges and pressures, we are positive that technology can minimize them. “

According to Mr. Gonzalo González A., CEO, DAWN Microfinance, and Chair of MMFA ICT Working Group, microfinance industry can look forward to next level since its law introduction in 2011, which will be encouraging cross sectorial partnerships and providing services to low income segments and small businesses in Myanmar.  Being a two-day event focused on microfinance industry, the event unfolded several topics in different approaches toward the microfinance ecosystem including regulations, sustainability of microfinance institutions, digitalization of processes and tech enabled products and services in the industry. 

KBZ Bank Wins Big at the Asian Banking & Finance Awards 2019

KBZ Bank, one of Myanmar’s largest private banks, has been recognized for excellence within the banking industry at the Asian Banking and Finance (ABF) Awards ceremony, held on July 18, 2019 in Singapore. The bank was awarded multiple accolades at the 14th ABF Retail Banking Awards – the Financial Inclusion Initiative of the Year – Myanmar and Mobile Banking Initiative of the Year. Held concurrently was the 8th ABF Wholesale Banking Awards which saw KBZ Bank awarded the Myanmar Domestic Trade Finance Bank of the Year.

Asian Banking and Finance, Asia’s leading financial publication, annually recognizes the most outstanding practices and innovative strategies in the region’s wholesale and retail banking sectors. The three accolades presented to KBZ Bank at the ABF Awards 2019 serve as an acknowledgment for the progress it has achieved towards helping Myanmar achieve 100% financial inclusion and greater connectivity with the introduction of KBZPay, and enabling best-in-class results for clients with the successful launch of four new trade finance products.   

Head of Agent Banking, KBZPay, Soe Ko Ko, who received the ABF Awards on behalf of KBZ Bank, said “It is an honour for KBZ Bank to be consistently recognised among peers at a global level. The awards we have received reflect our efforts in introducing digital and financial services on-the-ground in a secured and measured way to ensure citizens are protected and well-equipped in digital and financial literacy as Myanmar makes a quantum leap into a mobile-first economy.” The new trade products launched in 2018 to support clients whose businesses involve import and export of goods with Pre-Shipment and Post-Shipment financing include: Packing Loan, Back to Back Letter of Credit (BBLC), Invoice Financing (Sales), Trust Receipt Financing (TR). 

The Myanmar Employer Awards Are Back for The Third Year of Recognizing Employer Excellence

After establishing itself in 2017 and cementing its place in 2018 as the gold standard in acknowledging corporate HR best practices; the Myanmar Employer Awards (powered by JobNet.com.mm with Myanmar Insider as a Media Partner) returns for a third edition, which this year expects more entrants than ever before competing for over fifty awards across more than ten HR categories. The Awards process allows for companies to reflect on the commitments they’ve made to being an employer of choice in Myanmar as well as the strides of the entire country; culminating in a celebration Gala on 7th December awarding companies for showing exemplary achievement in one or more areas of human capital management.

“The JobNet.com.mm team is thrilled to be powering the Myanmar Employer Awards again this year. The MEA has truly become the vanguard in championing best practices for the HR industry, bringing together the best and brightest in Myanmar.” said Matt De Luca, Managing Director of JobNet.com.mm “.We are excited for this year’s awards, which is slated to bring in over two hundred and fifty applications for excellence in a broad range of categories across HR and people management.”

The vision for the Myanmar Employer Awards is that, in the midst of such economic prosperity, it is imperative to support and recognize exceptional achievements in business and HR best practices for the growth of Myanmar. Applications are open now through 30th August. Businesses of all sizes are encouraged to apply, as winners will be crowned from locally based as well as international companies. In addition to the multiple excellences in HR classifications, there are special categories for CSR focused, SME, and individual awards representing CEO, HR Director, and Rising Star of the Year.

There are plenty of chances to take home great acclaim for your team, and there is no limit to the amount of applications a company can compete for. The deadline is fast approaching; all Myanmar Insider readers are encouraged to apply for this prestigious honour. By celebrating companies in Myanmar who are committed to providing an enriching work environment for their employees, the MEA comes together once a year to establish benchmarks in industry and mark the progress that continues to be made year after year. Each December, the Myanmar Employer Awards along with its esteemed panel of judges looks forward to receiving the applications and assessing the health and and development of the HR industry in Myanmar.

Emirates Hosts Media Event with Famous Myanmar bloggers

Ahead of Emirates’ third anniversary of operations in Myanmar, the airline hosted members of the local media and famous Myanmar travel bloggers on July 3 to discuss the growing tourism industry and the airline’s products and services available to Myanmar travelers and Dubai as an increasingly popular destination for global travelers. Mohammed Alwahedi, Commercial Manager, Emirates-Myanmar highlighted Emirates’ success and achievements in the Myanmar market and globally as well as its industry leading services and unmatched world-class offerings. 

Well-known local travel blogger, Thiha Lu Lin (Thiha, The Traveller), shared his excellent travel experience of traveling in Emirates’ Business Class to Dubai, the airline’s hub city.  Naw Htike Htike Htun, whose blogs on Travel by Naw Htike are followed by a large base of fans, also discussed her travel experience with Emirates’ Economy Class, the onboard experience and Dubai as a destination for leisure travellers, whether solo travellers, couples and friends, or families. 

Pioneering food and restaurant blogger Khin Myat Myat Naing (My Khayee & Go With Me), shared her experience of visiting well-known tourist attractions in Dubai such as Global Village, Dubai City Tour, Dubai Frame and Flying Cup in addition to the unique and widely popular cuisines in Dubai and the on-board meals provided by Emirates. Kyaw Soe Lwin (I Like That & Food is Everything) who is famous for his vlogs, spoke about his unique experience of traveling to Dubai Miracle Garden, Dubai Mall, Dubai Aquarium and Desert Safari.  Emirates has been serving Myanmar since 2016 with flights to Dubai from Yangon being operated by a Boeing 777 aircraft, in two-class configuration. Emirates currently operates non-stop flights from Yangon to Dubai four times a week (Mondays, Tuesdays, Thursdays, and Saturdays) all departing from Yangon International Airport. Through our Dubai hub, Emirates offers passengers travelling from Myanmar convenient connections to an extensive global network in the Middle East, Africa, Europe, North America, and South America, including over 157 destinations in 85 countries. Globally, Emirates employs 148 Myanmar nationals including 31 cabin crew and 13 staff in Myanmar.

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