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.
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.
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.
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, 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.
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.
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, 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).
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.
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.