PWC MYANMAR WEEKLY BUSINESS INTELLIGENCE - ISSUE NO. 204 - 15 MARCH 2020
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PwC Myanmar Weekly Business Intelligence Issue No. 204 15 March 2020
Financial and Business Infrastructure Policy and Regulation Tender Opportunities MIC Permitted Projects Upcoming Events
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PwC PwC Myanmar Weekly Business Intelligence 2
PwC Myanmar Weekly Business Intelligence
MIC
Financial and Policy and Tender Upcoming
Issue - 204, 15 Mar 2020 Business
Infrastructure
Regulation Opportunities
Permitted
Events
Projects
Infrastructure
Infrastructure
Highlights
• “The Central Bank of Myanmar (CBM) today announced that it will reduce interest rates by 0.5
Transport
percent, effective April 1”
• Lawsuit Against Yangon Water Bus to Move Ahead, Fuel Bills Still Unpaid
• “More than a year of effort by the National League for Democracy (NLD) to reduce the political role
granted to the Myanmar military under the 2008 Constitution ended in failure on Tuesday as a • EIA process for Kyaukphyu port to start
series of key charter amendment proposals failed to receive the required support of more than 75 • Upgrades for Thandwe airport runway
percent of lawmakers.”
Energy
• “The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) says it will
ask the government to set up a national-level committee that includes representatives from the • Solar power gains ground in Sagaing
private sector to address the economic and social impact of the coronavirus outbreak sweeping the • Myanmar builds a port for LNG tankers in Thilawa SEZ
world.”
• Chinese Electricity: Blessing or Curse for Myanmar?
Real Estate
Financial and Business • MTSH awarded as Preferred Developer for mixed use Gyogone Redevelopment Project
• Thai-Myanmar joint venture to build $250,000 hotel in Kawthoung
• Central Bank of Myanmar cuts interest rates by 0.5%
• YCDC takes steps to make Yangon more liveable
• Foreign participation in YSX set to start March 20, officials say
Waste and Water
• Indian Govt Shuts Key Border Trade Gate with Myanmar Over Coronavirus Fears
• National Water Resources Committee gets closer to finalizing national water bill
• Trade group calls for national body to deal with virus impacts
• Mandalay develops app to ease summer water shortage
• Myanmar Prepared to Ease Coronavirus Impact on Economy: Suu Kyi
Other Infra
Policy and Regulation • Myanmar: New Project Aims to Improve Education Quality and Access Across Country
• Ayeyarwady Integrated Food Industry Complex likely to be completed in 2021
• Myanmar’s Military Retains Important Political Role as NLD’s Key Charter Reforms Fail to Pass
• Myanmar’s Internet Provider Frontiir Acquires US-Based Cloud Storage Big Data Firm
• Major Powers Beat a Path to Prominent Kachin Party’s Door in Northern Myanmar
• Myanmar auto industry seeks easing of duties on car components
• Myanmar is still paying the military’s debts
15 March 2020
• EU pours million into raising biosecurity in Southeast Asia
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Financial and Business
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Financial and Business
Financial and Business Infrastructure Policy and Regulation Tender Opportunities MIC Permitted Projects Upcoming Events
Central Bank of Myanmar cuts interest rates by 0.5% Myanmar aviation sector expected to become
profitable, but more pain ahead first
12 Mar 2020 27 Jan 2020
The Central Bank of Myanmar (CBM) today Social Development, warned that a weaker Myanmar’s aviation industry is betting on a more tourist attractions in the future,” U Kyaw Nyein.
announced that it will reduce interest rates by 0.5 Chinese economy could slow foreign direct profitable future with the number of airlines now Air KBZ has also been expanding. Last year, it
percent, effective April 1. investments into Myanmar and delay China's reduced to half compared to 2017 and demand upgraded its fleet of planes and announced new
According to the directive, the minimum bank spending on key projects under its Belt and Road for domestic air travel expected to catch up with destinations to Dawei , Kaw Thaung , Myeik,
deposit rate will be lowered to 7.5pc from 8pc, Initiative. These include the Muse cross border supply. However, they will have to swallow more Sittwe, Kyaingtong, Hkamti and Loikaw. its sister
while the maximum lending rate will be lowered trade zone, China-Myanmar Economic Corridor, losses in the short term before things get better. airline, Myanmar Airways International, added a
to 12.5pc for collateralised loans and 15.5pc for Kyaukphyu Special Economic Zone and New There are currently five airlines in Myanmar, new Airbus A319 to its fleet, expanding its
non-collateralised loans, from 13pc and 16pc, Yangon City. down from ten three years ago. But even though capacity by 144 passengers.
respectively. U Than Lwin senior consultant from Kanbawza there are fewer players now in the market, the Tanes Kumar, commercial director for Air KBZ,
The move comes shortly after the World Health Bank, said: “This is the right time to decrease the volume of passengers flying domestic remains said even though the new routes are not yet
Organization defined the COVID-19 outbreak as bank interest rate and drive the economy. The below three million, according to government profitable, the main aim of adding new
a pandemic on March 12, triggering a collapse in process of easing interest rates is very quick data. destinations is to expand the airline’s network
global markets. overseas and central banks are quick to respond At those levels, demand is not sufficient to cover and connectivity. “This gives passengers more
Central banks around the world have also eased to the needs of their economies. We need to the industry’s losses, U Kyaw Nyein, CEO of options and allows employees to learn new skills
rates to stimulate their economies. On March 11, reduce the bank’s interest rates in order to Golden Myanmar Airlines (GMA), told The for more expansion in the future,” he said.
the Bank of England announced an emergency revitalise businesses in Myanmar." Myanmar Times in a recent interview.
rate cut by half a percentage point to 0.25pc. The CBM has long been under pressure to cut But profitability is possible in the years ahead,
The week before, the US Federal Reserve rates to more attractive levels to stimulate making it a good time for the remaining airlines to Source: Myanmar Times
lowered the federal funds rate by half a growth, but its officials have been hesitant to do accelerate their plans for expansion to capitalise
https://www.mmtimes.com/news/myanma
percentage point to a range between 1pc to so to keep the minimum deposit rate at a higher on future demand, according to a 2019 report by
r-aviation-sector-expected-become-
1.25pc, its deepest cut since 2008. level than inflation, as this encourages savings. the Centre for Asia Pacific Aviation.
In Myanmar, the tourism, manufacturing, and According to the CBM, the annual rate of inflation Last year, GMA took delivery of a new aircraft, profitable-more-pain-ahead-first.html
agriculture sectors have been hardest hit as a is now 8.8pc. taking its current fleet of ATR-72s to three. “With
result of the pandemic. the additional seats, we can now fly daily
There have been no reported cases of COVID-19 Source: Myanmar Times compared to alternate days before. We will also
in the country so far, but U Zaw Oo, an https://www.mmtimes.com/news/central-bank- extend our destinations to include more flights to
economist from the Centre of Economic and myanmar-cuts-interest-rates-05.html Dawei and Kaw Thaung, which could be potential
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Financial and Business
Financial and Business Infrastructure Policy and Regulation Tender Opportunities MIC Permitted Projects Upcoming Events
Foreign participation in YSX set to start March 20, Indian Govt Shuts Key Border Trade Gate with
officials say Myanmar Over Coronavirus Fears
09 Mar 2020 10 Mar 2020
The Securities and Exchange Commission of companies. YANGON—The government of India’s Manipur of products across the Tamu-Moreh border gates
Myanmar (SECM) has announced that share YSX shall report monthly to the SECM about State has shut down the Tamu-Moreh border every four months, according to the Myanmar
trading by resident and non-resident foreigners gross amounts of shares bought and sold by, gates, a key corridor for border trade between Ministry of Commerce.
shall start on March 20. and total outstanding value of shares held by Myanmar and India, indefinitely over concerns Myanmar has no confirmed cases of coronavirus
SECM issued an instruction on March 6 allowing resident and non-resident foreigners, about the spread of coronavirus, according to the but 11 suspected patients have been treated at
the opening of securities accounts by foreigners respectively. Security and Border Affairs Ministry for Sagaing hospitals, according to a Myanmar Ministry of
and daily share trading of listed companies on In terms of capital brought in or out of the country Region, where Tamu District is located. Sport and Health update on Monday.
the Yangon Stock Exchange (YSX). for daily share trading, investors are required to Colonel Than Htun Aung, the Sagaing security According to the World Health Organization
According to the instructions, securities follow the foreign exchange management and border affair minister, told The Irrawaddy (WHO), India has confirmed at least 43 cases of
companies can now receive applications from regulations, and directives of the Central Bank of about the closure on Tuesday, though his coronavirus.
foreigners who are resident and non-resident Myanmar. ministry was still waiting to receive the official
under the foreign exchange management “When we look at the development of stock letter from the Manipur Government.
regulations. markets and their foreign participation in An official from Tamu District said the Manipur
To control foreign ownership, the YSX shall that neighboring countries and the regional, foreign government closed the gates in order to prevent
submit to the SECM the percentage of foreign participation has an effect on market coronavirus from spreading.
ownership that each listed company shall allow, development,” said YSX Senior Executive All trade across the border had stopped on
report to the SECM the update of foreign Manager U Thet Tun Oo. Tuesday according to U Tin Shwe, vice chairman
ownership ratio for listed companies, recognise “Currently, we are inviting foreign investors to of the Kalay-Tamu Border Trade Chamber of
foreign ownership based on the record date, participate in our market. At the same time, we Commerce.
shall make an agreement with securities also need to prepare to encourage the public “It doesn’t matter for trade if they close the gates
companies in order to retain the excessive companies in the country to list on the YSX, U for a while. However, traders from both sides will
amount in the case that foreign ownership Thet Tun Oo said. face hardships if the closures are long-term,”
exceeds the amount specified by listed said U Tin Shwe.
companies, and shall make an agreement with Source: Myanmar Times The Tamu-Moreh borders gates are mainly used Source: The Irrawaddy
the listed companies concerning voting rights not https://www.mmtimes.com/news/foreign- to export products from Myanmar—chiefly betel https://www.irrawaddy.com/news/burma/indian-
being given in the case that foreign ownerships participation-ysx-set-start-march-20-officials- nuts, beans and other food. govt-shuts-key-border-trade-gate-myanmar-
exceeds the amount specified by listed say.html Myanmar businesses export over US$30 million coronavirus-fears.html
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Financial and Business
Financial and Business Infrastructure Policy and Regulation Tender Opportunities MIC Permitted Projects Upcoming Events
Trade group calls for national body to deal with virus Myanmar Prepared to Ease Coronavirus Impact on
impacts Economy: Suu Kyi
13 Mar 2020 11 Mar 2020
The Union of Myanmar Federation of Chambers agricultural exports to China have been hit by YANGON—As Myanmar businesses call for much as we can.”
of Commerce and Industry (UMFCCI) says it will border closures and lower exports due to travel government support to deal with the impacts of The COVID-19 outbreak has already caused an
ask the government to set up a national-level restrictions imposed as part of attempts to curb coronavirus, Myanmar State Counselor Daw overall slowdown in Myanmar’s economy and
committee that includes representatives from the the spread of the virus. In the garment industry, a Aung San Suu Kyi said Tuesday that the experts have warned that the effect of the
private sector to address the economic and significant source of employment in Myanmar, government planned in advance to cushion the coronavirus could lead to a full-blown economic
social impact of the coronavirus outbreak factories have been hit a shortage of raw blow from negative repercussions of the crisis for the country.
sweeping the world. materials due to supply-chain disruptions caused outbreak. However, she did not say how the Since late January, the outbreak has continued
The World Health Organization officially declared by the Chinese government asking factories to government will attempt to prevent an economic to hit Myanmar’s tourism, border trade and
the COVID-19 outbreak a pandemic on temporarily shut down to prevent the virus from crisis. export sectors, causing massive losses for
Wednesday, and since this is likely to impact spreading among workers. There have already “The sharp drop in border trade has impacted the producers, exporters and workers. Myanmar has
Myanmar’s socio-economic landscape the been reports of factory closures in Myanmar due conditions of our economy. We can’t escape already lost several hundred million dollars as
government, businesses, labour unions, and any to the disruptions. this,” she said, speaking at a public meeting in business slows in China, the country’s largest
relevant bodies should cooperate to deal with the According to the UMFCCI, all this will have an Pyin Oo Lwin, Mandalay Region on Tuesday. trading partner.
effects, the UMFCCI announced in a statement impact on the country’s economy although “We have launched a plan to tackle not only On Sunday, the Confederation of Trade Unions
on Thursday. accurate numbers in terms of financial losses health issues but also economic issues.” of Myanmar (CTUM) said that 16 factories have
A pandemic is defined as a disease epidemic have not yet been worked out. The State Counselor said that the government closed in Myanmar due to a lack of raw materials
that has spread across a large region; for Besides tourism, agriculture, and garment formed a committee under the Ministry for from China. Closures of garment factories have
instance multiple continents, or worldwide. manufacturing, small and medium-sized International Cooperation when the coronavirus led to mass layoffs, affecting more than 7,000
The trade body said it has been monitoring the businesses in the country are likely to be affected outbreak began. workers, according to the CTUM.
situation since the outbreak emerged in early the outbreak, all of which will drag on Myanmar’s “Every day we have been very vigilant about the In late February, the Union of Myanmar
January and that the government and the central GDP, said Daw Khaing Khaing Nwe, secretary ongoing situation—the challenges of health, as Chambers of Commerce and Industry (UMFCCI)
bank have been taking steps in line with rapidly general of the Myanmar Garment Manufacturers well as the economic and social challenges. We called for assistance from the government to help
changing situation. Association. have kept ourselves alert 24 hours and plan to deal with the impact of the layoffs.
The effects of the virus outbreak are already overcome the challenges with our expertise, with Source: The Irrawaddy
being felt in Myanmar, as tourist arrivals, a Source: Myanmar Times the abilities of our people,” Daw Aung San Suu https://www.irrawaddy.com/news/burma/myanma
significant foreign exchange earner for the https://www.mmtimes.com/news/trade-group- Kyi said. “There are efforts to secure better r-prepared-ease-coronavirus-impact-economy-
country have declined sharply. Elsewhere, calls-national-body-deal-virus-impacts.html health and economic benefits for the people, as suu-kyi.html
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Infrastructure
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Infrastructure Transport
Financial and Business Infrastructure Policy and Regulation Tender Opportunities MIC Permitted Projects Upcoming Events
Lawsuit Against Yangon Water Bus to Move Ahead, Myanmar aviation sector expected to become
Fuel Bills Still Unpaid profitable, but more pain ahead first
06 Mar 2020 27 Jan 2020
YANGON—Petro & Trans Group of Companies would make the payments in instalments. Myanmar’s aviation industry is betting on a more tourist attractions in the future,” U Kyaw Nyein.
has said it will still sue Tint Tint Myanmar Co., But according to U Than Tun, Tint the operator’s profitable future with the number of airlines now Air KBZ has also been expanding. Last year, it
the operator of the Yangon Water Bus service, announcement came three days after a deadline reduced to half compared to 2017 and demand upgraded its fleet of planes and announced new
despite the operator’s efforts to pay back over 77 set by Petro & Trans and the company never for domestic air travel expected to catch up with destinations to Dawei , Kaw Thaung , Myeik,
million kyats (US$55,700) of unpaid bills for fuel agreed to the operator’s terms. supply. However, they will have to swallow more Sittwe, Kyaingtong, Hkamti and Loikaw. its sister
purchases. “We don’t want to be paid that way. We want the losses in the short term before things get better. airline, Myanmar Airways International, added a
In a statement released Thursday, Tint Tint payment in full,” said U Than Tun. “They have There are currently five airlines in Myanmar, new Airbus A319 to its fleet, expanding its
Myanmar Co. said the operator went to the office given promises time and again to pay the bills. down from ten three years ago. But even though capacity by 144 passengers.
of Petro & Trans Co to pay the bills in cash but They want to give it in five or six installments.” there are fewer players now in the market, the Tanes Kumar, commercial director for Air KBZ,
the fuel company could not show the original The Yangon Water Bus service was launched on volume of passengers flying domestic remains said even though the new routes are not yet
invoices so the operator did not pay the bills. Oct. 7, 2017 in order to ease traffic congestion in below three million, according to government profitable, the main aim of adding new
Petro & Trans has said it is likely to bring legal the commercial capital offer a more modern, data. destinations is to expand the airline’s network
proceedings against Tint Tint Myanmar Co. next comfortable alternative to the city’s regular ferry At those levels, demand is not sufficient to cover and connectivity. “This gives passengers more
week. service. It began operating between Botahtaung the industry’s losses, U Kyaw Nyein, CEO of options and allows employees to learn new skills
Between Sept. 4 and Dec. 9, 2018, Tint Tint and Insein townships and later added weekly Golden Myanmar Airlines (GMA), told The for more expansion in the future,” he said.
Myanmar Co. reportedly bought over 77 million river cruises and boat tours to its services. Myanmar Times in a recent interview.
kyats worth of fuel for its water buses on credit. In September last year, the operator announced But profitability is possible in the years ahead,
Company chairwoman Daw Tint Tint Lwin a temporary suspension of its operations, making it a good time for the remaining airlines to Source: Myanmar Times
reportedly signed an agreement that her reportedly in order to improve its services and accelerate their plans for expansion to capitalise https://www.mmtimes.com/news/myanmar-
company would pay the amount in full by Aug. introduce a card payment system. It has not on future demand, according to a 2019 report by aviation-sector-expected-become-profitable-
15, 2019, but according to Petro & Trans lawyer made any further announcement since then. the Centre for Asia Pacific Aviation. more-pain-ahead-first.html
U Than Tun, the company did not. Last year, GMA took delivery of a new aircraft,
Petro & Trans announced in state-run taking its current fleet of ATR-72s to three. “With
newspapers on Feb. 15 that it would take legal Source: The Irrawaddy the additional seats, we can now fly daily
action against Tint Tint Myanmar Co. The https://www.irrawaddy.com/news/burma/lawsuit- compared to alternate days before. We will also
operator then told Petro & Trans it would pay the yangon-water-bus-move-ahead-fuel-bills-still- extend our destinations to include more flights to
bills in full on Tuesday, later adding that they unpaid.html Dawei and Kaw Thaung, which could be potential
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PwC PwC Myanmar Weekly Business Intelligence 9Infrastructure Transport
Financial and Business Infrastructure Policy and Regulation Tender Opportunities MIC Permitted Projects Upcoming Events
EIA process for Kyaukphyu port to start Upgrades for Thandwe airport runway
11 Mar 2020 09 Mar 2020
Chinese state-owned CITIC is set to initiate port’s price tag from US$7.5 billion to $1.3 billion. The upgrade of an airport in Thandwe, Rakhihe Myitkyina, Heho, Loikaw and Nyaung-U airports,
bidding for its environmental impact assessment In late 2019, CITIC hired Canadian firm Hatch as State, a project listed under the Myanmar Project according to the Ministry of Transport and
(EIA) consultant for its port project in central project manager to supervise and recruit Bank, has commenced with work on extending Communications.
Rakhine following the environmental ministry’s consultants for a legally required environmental the runway already taking place, said U Zaw Min,
response to its project proposal. and social impact assessment. Kyaukphyu is the director of the Department of Civil Aviation
The Ministry of Natural Resources and site of twin pipelines through which oil produced (DCA).
Environmental Protection (MONREC) last month in Myanmar is delivered and exported to China. The US$5 million runway will enable it to handle
designated the Kyaukphyu deep-sea port project Having a port in central Rakhine is commercial Airbus and Boeing planes after it is
as an EIA-type project after screening the geostrategically important for China to reduce its complete in 2021. Currently, it is only able to
proposal submitted by the consortium led by reliance on the Strait of Malacca through the service ATR 72/500 and Emirate aircraft.
CITIC in September 2019. China-Myanmar Economic Corridor, which is part Work will include a 2-inch asphalt concrete
Through a bidding process, the consortium will of Beijing’s flagship Belt and Road Initiative. overlay applied to the existing runway.
choose an independent consultant to conduct During Chinese President Xi Jinping’s visit in Thandwe is the local airport to Ngapali beach, a
EIA, the statement said. After the selection, it will February, the two governments inked a major tourist attraction in Rakhine State. Its
have to submit the information of such a third concession agreement and shareholders’ completion is expected to draw more tourism
party for the ministry’s further verification before agreement for the port. revenue .
an EIA could officially take place. There are five agreements still to be signed on “The upgrade of Thandwe airport will be good for
The Kyaukphyu project refers to a Special the project, according to Myanmar Deputy the tourism industry and connect Thandwe
Economic Zone encompassing a deep-sea port, Commerce Minister Aung Htoo. directly to Ngapali. Currently, tourists are able to
industrial park and other schemes. The fly to Ngapali from Yangon only,” said U Than
megaproject was awarded to the consortium - led Naing, a tourism entrepreneur.
by CITIC and comprised of four other Chinese There are 31 domestic airports and three
firms and Thailand’s Charoen Pokphand Group - international airports in Myanmar. However,
during the last months of U Thein Sein’s flights land at only 24 airports, according to the
presidency. Negotiations stalled in the first two Source: Myanmar Times DCA. Source: Myanmar Times
years under the National League for Democracy- https://www.mmtimes.com/news/eia-process- The government has so far invested in the https://www.mmtimes.com/news/upgrades-
led government, which then renegotiated the kyaukphyu-port-start.html upgrade and expansion of 10 airports, including thandwe-airport-runway.html
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PwC PwC Myanmar Weekly Business Intelligence 10Infrastructure Energy
Financial and Business Infrastructure Policy and Regulation Tender Opportunities MIC Permitted Projects Upcoming Events
Solar power gains ground in Sagaing Grab says it pumped $100M into Myanmar in
four years
10 Mar 2020 12 Feb 2020
A Norwegian fund-backed joint venture with The Myanmar Times travelled to Thint Sein Gyi Ride-sharing company Grab has invested over across the country this year, Toh said. GrabFood
Yoma Strategic has completed installing US$28 in a media trip to look at this particular $100,000 US$100 million (K143.5 billion) in Myanmar in will be launched for local restaurants and
million worth of plants harnessing energy from infrastructure. The solar units, backed up by the past four years to strengthen its position on transportation partners in Mandalay this year.
the sun to generate electricity for Myanmar diesel, were built over 70 days. the local taxi market, a senior company official “Although food delivery is increasing locally, it
communities in remote areas. “Everything in my daily life has become more said Tuesday. still lags behind other countries. We have many
In Sagaing Region, Yoma Micro Power this convenient for me after having access to Cindy Toh, country manager for Grab, said the opportunities,” said U Myat Kaung Min, head of
month launched its 250th off-grid solar plant in electricity, and stable power supply helps the company will continue investing to further GrabFood Myanmar.
Thint Sein Gyi village of Wetlet township. The village to develop immensely,” said villager Daw improve the quality of its service in Myanmar. Grab For Good will be launched in Myanmar
$100,000 plant has a peak capacity of 31.2 Aye Thein. “Grab will emphasise service quality and safety, soon.
kilowatt, providing power supply to around 1000 Solar is not only more environmentally friendly not only technology,” she told a briefing. “We will In 2018, Grab launched its Grab Thone Bane
villagers. than fossil fuel, this particular plant also provides continue investing in expansion and partnerships (three-wheeler) service in Bagan and Mandalay
The expansion of mini-grids reflects the electricity at a price lower than diesel generators. to better the platform and expand the city, and Grab TaxiPlus service.
investment potential of renewable sources in Every solar mini-grid by Yoma Micro Power is ecosystem.” More than 166 million people in 339 cities in
Myanmar as the Southeast Asian country seeks paired with at least one local villager who serves Grab launched its service in Myanmar in July Myanmar, Vietnam, the Philippines, Thailand,
to fill its energy deficit while battling climate as the “caretaker” of the infrastructure, 2017, and has since introduced Grab Taxi Call Cambodia, Malaysia, Singapore and Indonesia
change. responding to technical hitches. service, Premium Rentals (Beat), and Grab have downloaded the Grab app on their mobile
Yoma Micro Power’s target is to scale up to 750 “Working for Yoma Micro Power has helped me Food. phones. – Translated
plants this year and over 2000 plants by 2022, tremendously in terms of finance because I The company’s taxi service is popular and
totaling $200 million. With over 60 percent of wasn’t able to support my whole family experiencing an increase of 10 percent in daily
Myanmar’s rural population cut off from the previously as a farmer,” said caretaker U Myint rides in 2019 from the previous year, and adding
national grid, there is a huge market to tap into. Ko. more than 196,000 more precise location points
Norwegian development body Norfund, the in the Grab application.
World Bank’s International Finance Corporation The number of businesses using Grab for
and Singapore-listed Yoma Strategic formed the Business doubled in 2019, and the most popular Source: Myanmar Times
company with CEO Alakesh Chetia. It has so far Source: Myanmar Times destinations for rides were Myanmar Plaza, https://www.mmtimes.com/news/myanmar-
materialised $28 million investments in those 250 https://www.mmtimes.com/news/solar-power- Junction City, and Yangon Airport. aviation-sector-expected-become-profitable-
plants. gains-ground-sagaing.html Grab will expand its services to other key cities more-pain-ahead-first.html
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PwC PwC Myanmar Weekly Business Intelligence 11Infrastructure Energy
Financial and Business Infrastructure Policy and Regulation Tender Opportunities MIC Permitted Projects Upcoming Events
Myanmar builds a port for LNG tankers in Thilawa Chinese Electricity: Blessing or Curse for Myanmar?
SEZ
10 Mar 2020 13 Mar 2020
The construction process of a port to dock LNG was on July 29. YANGON—For much of the past decade, China 12,600 MW in 2030, while current electricity
tankers to supply liquefied nature gas (LNG) for The ministry granted the power to Consortium of viewed Myanmar as a potential source of production is just 3,600 MW. The Ministry of
350-megawatt LNG power plant in Thilawa SEZ VPower Group Holdings Limited and VPower electricity, which it planned to tap through large- Electricity and Energy (MOEE) said electricity
is about 40 per cent finished, according to Holdings Limited to build 20.54-megawatt Kyun scale hydropower projects on the country’s consumption has increased by 15-19 percent
Ministry of Electricity and Energy. Chaung power plant, Consortium of China extensive river networks. annually over the past few years.
It is one of the electric power projects Energy Engineering Group – Hunan Electric But the situation has changed, as China’s With Myanmar facing a massive power shortfall
implemented by the ministry to fulfill the Power Design Institute Co. Ltd. and China ITS massive efforts to develop hydropower have left amid growing domestic demand, its giant
electricity requirement for 2020 summer. (Holding) Co. Ltd. and Shen-zhen Shennan it with a surplus of power. During the last two neighbor to the north is set to become its major
V-Power Co. Ltd. is building the power plant and Power Gas Turbine Engineering Technique Co. years, China’s hydropower plants produced a electricity supplier, due to its lower prices, among
the inspection team led by Khin Maung Win, Ltd. to build Ahlone power plant, Consortium of surplus of nearly 70 billion kilowatt hours (kWh), other conditions and terms.
Deputy Minister for Electricity and Energy went to China National Technical Import & Export most of that coming from southwest China’s From Rakhine State in the country’s west to
check the power plant in first week of March. Corporation, VPower Group Holdings Ltd. and Yunnan province. Kachin in the north, planning or construction of
About 15 per cent of the installation process of VPower Holdings Ltd. to build Kyaukphyu power Myanmar has the lowest access to electricity in power projects backed by mammoth Chinese
regasification unit, 85 per cent of the construction plant, Consortium of China National Technical ASEAN; only half of the country’s 54.5 million state-owned enterprises (SOEs) is underway in
process of foundation to install high and medium Import & Export Corporation, VPower Group population is connected to the national gird. To at least seven states and regions. The projects
speed generators, up to 90 per cent of the Holdings Ltd. and VPower Holdings Ltd. to build make matters worse, the country has been are expected to raise Myanmar’s electricity
installation process of 20-inch natural gas Thanlyin power plant and Consortium of China struggling with annual blackouts, especially in generation capacity by at least 3,500 MW—
pipeline and 35 per cent of the construction National Technical Import & Export Corporation, summer, as most power generation comes from doubling the current capacity—within one to
process of a sub-power station are finished. VPower Group Holdings Ltd. and VPower hydropower. three years. This would be made possible by
The ministry announced the list of companies Holdings Ltd. to build Thaketa power plant. The World Bank warned Myanmar last year that cross-border power grids from Yunnan, as well
succeeded to build five power plant projects in The five power plant projects will generate it needs to invest up to US$2 billion (about 2.8 as natural gas- and liquid natural gas-fired power
Kyun Chaung, Ahlone, Kyaukphyu, Thanlyin and 1,072.08 megawatts of electricity in total, trillion kyats) annually in its electricity sector to plants.
Thaketa to meet the demand of electricity according to the ministry. sustain economic growth, as electricity
requirement in 2020 summer. consumption is expected to increase by 11
The ministry invited International Competitive Source: Eleven Myanmar percent yearly until 2030. Source: The Irrawaddy
Bidding (IBC) tender to build the five power https://elevenmyanmar.com/news/myanmar- The bank predicts Myanmar’s electricity demand https://www.irrawaddy.com/opinion/analysis/chin
plants on June 28 and deadline for the tender builds-a-port-for-lng-tankers-in-thilawa-sez will reach 8,600 megawatts (MW) in 2025, and ese-electricity-blessing-curse-myanmar.html
15 March 2020
PwC PwC Myanmar Weekly Business Intelligence 12Infrastructure Real Estate
Financial and Business Infrastructure Policy and Regulation Tender Opportunities MIC Permitted Projects Upcoming Events
MTSH awarded as Preferred Developer for mixed use Grab says it pumped $100M into Myanmar in
Gyogone Redevelopment Project four years
05 Mar 2020 12 Feb 2020
The Board of Directors of Myanmar Thilawa SEZ Rationale Ride-sharing company Grab has invested over across the country this year, Toh said. GrabFood
Holdings Public Company Limited (hereinafter The Company has assessed and decided to bid US$100 million (K143.5 billion) in Myanmar in will be launched for local restaurants and
referred to as “MTSH”) wishes to announce that for The Project during the time of downturn in the past four years to strengthen its position on transportation partners in Mandalay this year.
the Company has been awarded as a preferred real estate sector as it will creates an opportunity the local taxi market, a senior company official “Although food delivery is increasing locally, it
developer in the competitive tender for Gyogone for sustainable growth by acquiring development said Tuesday. still lags behind other countries. We have many
Housing Redevelopment (hereinafter referred to rights at reasonable cost. Developing this project Cindy Toh, country manager for Grab, said the opportunities,” said U Myat Kaung Min, head of
as “The Project”) by Yangon Regional in Myanmar’s business capital, Yangon City area company will continue investing to further GrabFood Myanmar.
Government (hereinafter referred to as “YRG”). is a part of our risk mitigation and growth improve the quality of its service in Myanmar. Grab For Good will be launched in Myanmar
The Project strategy, that will diversify risk of having all of our “Grab will emphasise service quality and safety, soon.
This project is approximately 17 acres located revenue streams from Thilawa SEZ currently, not only technology,” she told a briefing. “We will In 2018, Grab launched its Grab Thone Bane
next to Insein Road and Baho Road in West and leverages on the growth of Yangon City. We continue investing in expansion and partnerships (three-wheeler) service in Bagan and Mandalay
Gyogone, Insein Township with project value of are closely monitoring ongoing risks related to to better the platform and expand the city, and Grab TaxiPlus service.
Kyat 178 billion. It will consist of apartment the project to be able to make right decisions. ecosystem.” More than 166 million people in 339 cities in
buildings for resettlement of existing tenants in Grab launched its service in Myanmar in July Myanmar, Vietnam, the Philippines, Thailand,
the Gyogone housing estate, affordable and mid- 2017, and has since introduced Grab Taxi Call Cambodia, Malaysia, Singapore and Indonesia
end housing, commercial area such as shop service, Premium Rentals (Beat), and Grab have downloaded the Grab app on their mobile
houses and shopping mall to serve the nearby Food. phones. – Translated
communities, and an institutional area such as The company’s taxi service is popular and
education facilities and medical facilities. Artist experiencing an increase of 10 percent in daily
impression of the project as below: rides in 2019 from the previous year, and adding
During the tender process, MTSH was highly more than 196,000 more precise location points
evaluated for its experiences in large scale urban in the Grab application.
& housing development in Thilawa SEZ such as The number of businesses using Grab for
Thilawa Garden City Project developed by Source: MTSH Press Release Business doubled in 2019, and the most popular Source: Myanmar Times
Thilawa Property Development Co Ltd, a https://ysx-mm.com/wp- destinations for rides were Myanmar Plaza, https://www.mmtimes.com/news/myanmar-
subsidiary of the MTSH and our strong financial content/uploads/2020/03/dd_00002_en_2020030 Junction City, and Yangon Airport. aviation-sector-expected-become-profitable-
strength and good corporate governance. 5.pdf Grab will expand its services to other key cities more-pain-ahead-first.html
15 March 2020
PwC PwC Myanmar Weekly Business Intelligence 13Infrastructure Real Estate
Financial and Business Infrastructure Policy and Regulation Tender Opportunities MIC Permitted Projects Upcoming Events
Thai-Myanmar joint venture to build $250,000 hotel YCDC takes steps to make Yangon more liveable
in Kawthoung
03
11 Mar
Mar 2020
2020 11 Mar 2020
The government has approved a proposal by and accommodations for visitor. So, the idea to Yangon City Development Council (YCDC) is living heritage and important transport for small
Thai-Myanmar joint venture to build a develop hotels there is good,” said U Myo Aung, moving to make Yangon a livable city by putting businesses and also for people and many
US$250,000 (K346.3 million) hotel project on owner of a local tour company. a bike lane and bike symbols on the Seikkanthar children go to school in trishaw.
Hlaing Gu Island off Kawthoung in Tanintharyi An Italian company was also granted approval to Street last month with the support of Yangon “For normal cyclists, they are very important for
Region, the Directorate of Hotels and Tourism invest in a US$3.2 million joint-venture hotel Heritage Trust (YHT). health and also to reduce traffic congestion in
has announced, according to the Directorate of project in Kawthoung, last August, the directorate “We congratulate them for doing a good thing. It Yangon. Cycling is healthy, environmental
Hotels and Tourism. says. It is the first Italian company to invest in was YCDC’s decision and budget. They friendly way of moving around, and the more
KMOT Company intends to build the project with Myanmar. Fork Island, Tha Ye Island, Kyet Mauk deserved to be congratulated for what they did,” people ride the bike and the less people drive the
20 bungalows under the build-operate-transfer Island, Lampi Island, Nyaung Oo Phee Island, Rupert Mann, programmes manager for Built and car. This would impact the environment and have
system. Hlaing Gu Island, Done Waterfall, Bocho Island Cultural Heritage with the Yangon Heritage Trust a good impact on local economy,” he said.
“The Investment Commission has approved the are among the more popular destinations off told The Myanmar Times. Cycling is healthy for Yangon residents. It means
project and we hope to start operations quickly. Kawthoung, according to tour agencies. Yangon Heritage Trust has been very interested that the city will be more livable and the city is
We expect to be able to host visitors by next In 2017, more than 330,000 tourists visited in public grounds upgrade and upgrading the the nicer place to live.
year,” said an official with the Directorate of Kawthoung, and the number rose to 350,000 in streets and parks. For quite a long time, YHT “Everyone agrees that less traffic in Yangon, the
Hotels and Tourism in Kawthoung. 2018. Last year, the number of visitors dropped included ideas of having a bike lane in their better for Yangon, the better for economy and
Currently, there are more than 10 travel agencies to 320,000, according to the statistics from the Yangon heritage strategy which was written in the better for health and better for people lives.
operating in Kawthoung and about nine hotels Directorate of Investment and Company 2015 for the new government. At least five years The less time they spend in the car, the more
with a total of 500 rooms, according to the Administration. they have been trying to convince the authorities time they spend with the families and with
directorate. and try to help them to put bike lanes. studying and with relaxing,” he said.
Most people visit the islands off Kawthoung by “Bike lanes are very important in Yangon The bike lane on Seikkanthar Street (lower block)
motor yachts, which are owned by a Thai because there are two main groups of bicycle is one of the very early ones. YHT asked to get
national. It’s popular for diving tours, and about users – the people who use the normal bicycles involved in the lane on the Seikkanthar Street
350,000 tourists visit every year, most of them to get around Yangon to work or to school, just to about six months ago, helping them with design
are from Thailand. Source: Myanmar Times move around the city. But also we have trishaw process and help them during construction.
“At present, the travelling cost to the Myeik https://www.mmtimes.com/news/thai-myanmar- drivers,” said Rupert Mann. ‘Source: Myanmar Times
Archipelago is still high. Besides, the area is still joint-venture-build-us25000-hotel- Trishaw drivers are very important part of https://www.mmtimes.com/news/ycdc-takes-
in need of tourism infrastructure such as boats, kawthoung.html Yangon heritage. They are important part of steps-make-yangon-more-livable.html
15 March 2020
PwC PwC Myanmar Weekly Business Intelligence 14Infrastructure Waste and Water
Financial and Business Infrastructure Policy and Regulation Tender Opportunities MIC Permitted Projects Upcoming Events
National Water Resources Committee gets closer to Grab says it pumped $100M into Myanmar in
finalizing national water bill four years
12 Mar 2020 12 Feb 2020
Vice President U Henry Van Thio, in his capacity properly monitor against careless disposal of Ride-sharing company Grab has invested over across the country this year, Toh said. GrabFood
as Chairman of the National Water Resources waste, dirty water or contaminated liquid from US$100 million (K143.5 billion) in Myanmar in will be launched for local restaurants and
Committee (NWRC), addressed the committee’s factories into rivers and other natural bodies of the past four years to strengthen its position on transportation partners in Mandalay this year.
first coordination meeting of the year at Nay Pyi water. the local taxi market, a senior company official “Although food delivery is increasing locally, it
Taw yesterday. The Vice President said the committee’s task said Tuesday. still lags behind other countries. We have many
He first reminded that these meetings aim to force has endeavoured for the emergence of a Cindy Toh, country manager for Grab, said the opportunities,” said U Myat Kaung Min, head of
develop all sectors related or affiliated to water national water law and a draft has been compiled company will continue investing to further GrabFood Myanmar.
resources and to effectively manage them. He in English with a Myanmar version in progress. improve the quality of its service in Myanmar. Grab For Good will be launched in Myanmar
said these meetings have proven effective in He said as part of the Ayeyawady Integrated “Grab will emphasise service quality and safety, soon.
resolving water-related issues and for River Basin Management Project, funded with not only technology,” she told a briefing. “We will In 2018, Grab launched its Grab Thone Bane
coordinating with ministries and organizations loans from the World Bank, the office of NWRC continue investing in expansion and partnerships (three-wheeler) service in Bagan and Mandalay
involved in water resources. and a hydro informatic center has begun to better the platform and expand the city, and Grab TaxiPlus service.
In addition, the meetings have advanced construction in December 2019. ecosystem.” More than 166 million people in 339 cities in
preparations for the annual floods during the The Vice President said that as a substantial Grab launched its service in Myanmar in July Myanmar, Vietnam, the Philippines, Thailand,
monsoon season and droughts in the summer, amount of the national budget is used in 2017, and has since introduced Grab Taxi Call Cambodia, Malaysia, Singapore and Indonesia
said the Vice President. He said they were developing the water sector and its related service, Premium Rentals (Beat), and Grab have downloaded the Grab app on their mobile
working closely with related ministries and components, everyone concerned should be Food. phones. – Translated
organizations to find mid-term and long-term vigilant in ensuring the projects were beneficial The company’s taxi service is popular and
solutions in reducing floods and water shortages. for the entire population, completed in time with experiencing an increase of 10 percent in daily
The Vice President said that as summer was minimal wastage, and with a vision that rides in 2019 from the previous year, and adding
approaching once more, concerned ministries, encompassed all river basins. more than 196,000 more precise location points
organizations and state/regional governments in the Grab application.
must work together to prepare for shortages of The number of businesses using Grab for
drinking and irrigation water. Source: The Global New Light of Myanmar Business doubled in 2019, and the most popular Source: Myanmar Times
He instructed annual promotion of tree-planting https://www.globalnewlightofmyanmar.com/natio destinations for rides were Myanmar Plaza, https://www.mmtimes.com/news/myanmar-
to preserve catchment area and the natural nal-water-resources-committee-gets-closer-to- Junction City, and Yangon Airport. aviation-sector-expected-become-profitable-
environment, and for concerned authorities to finalizing-national-water-bill/ Grab will expand its services to other key cities more-pain-ahead-first.html
15 March 2020
PwC PwC Myanmar Weekly Business Intelligence 15Infrastructure Waste and Water
Financial and Business Infrastructure Policy and Regulation Tender Opportunities MIC Permitted Projects Upcoming Events
Mandalay develops app to ease summer water shortage
03
08 Mar
Mar 2020
2020
Mandalay Region has developed a mobile phone be water shortage in 49 villages in Mandalay, but
application to facilitate the delivery of water to 66 villages experienced shortages.
communities with shortages during the summer, The Water Donation App is now available for
the region’s Department of Rural Development Android phones, and will be available for iOS
said. devices later.
The app can help the government ration water to
the 51 villages in 13 townships that are expected
to experience shortages.
"We will mainly supply drinking water,” said U
Soe Than, director of the department. “We didn’t
get much rain during the last rainy season so
many rainwater storage tanks are dry.”
“We expect water shortages this summer,” he
added. “The application will let donors
immediately know which areas are in need."
Based on the Myanmar government’s estimate,
there will be water shortages in 463 villages in
116 townships across the nation, including 90
villages in Ayeyawady Region, and 60 in Sagaing
Region.
In Mandalay, an estimated 7640 households will
have water shortages.
"With the use of the app, townships can
communicate timely information about shortages
to the people who want to donate water,” a Source: Myanmar Times
department official said. https://www.mmtimes.com/news/mandalay-
Last year, the government predicted there would develops-app-ease-summer-water-shortage.html
15 March 2020
PwC PwC Myanmar Weekly Business Intelligence 16Infrastructure Other Infra
Financial and Business Infrastructure Policy and Regulation Tender Opportunities MIC Permitted Projects Upcoming Events
Myanmar: New Project Aims to Improve Education Grab says it pumped $100M into Myanmar in
Quality and Access Across Country four years
03 Mar 2020 12 Feb 2020
Washington, March 3, 2020 — A project to their operations, and has provided stipends to Ride-sharing company Grab has invested over across the country this year, Toh said. GrabFood
improve access to, and quality of, basic more than 200,000 poor and disadvantaged US$100 million (K143.5 billion) in Myanmar in will be launched for local restaurants and
education nationwide in Myanmar was approved students, helping them to stay enrolled through the past four years to strengthen its position on transportation partners in Mandalay this year.
today by the World Bank’s Board of Executive middle and high school. the local taxi market, a senior company official “Although food delivery is increasing locally, it
Directors. The project, financed by a US$100 At a nationwide level, however, there continues said Tuesday. still lags behind other countries. We have many
million credit from the International Development to be large gaps in educational attainment and Cindy Toh, country manager for Grab, said the opportunities,” said U Myat Kaung Min, head of
Association (IDA), will be implemented over four access. About one-third of students at grade 3 company will continue investing to further GrabFood Myanmar.
school years. level are unable to read fluently with improve the quality of its service in Myanmar. Grab For Good will be launched in Myanmar
The Inclusive Access and Quality Education comprehension or solve basic age-appropriate “Grab will emphasise service quality and safety, soon.
(IAQE) project takes a national and a focused mathematical problems, and most students not only technology,” she told a briefing. “We will In 2018, Grab launched its Grab Thone Bane
approach, covering all states and regions and continue to drop out before the age of fourteen. continue investing in expansion and partnerships (three-wheeler) service in Bagan and Mandalay
supporting programs to reach out to schools Moreover, education outcomes are unequally to better the platform and expand the city, and Grab TaxiPlus service.
across the country, while placing greater distributed, and are particularly poor for children ecosystem.” More than 166 million people in 339 cities in
emphasis on social inclusion and support to from disadvantaged social and economic Grab launched its service in Myanmar in July Myanmar, Vietnam, the Philippines, Thailand,
conflict-affected areas. More than 70 percent of backgrounds, minority ethnic groups, and in 2017, and has since introduced Grab Taxi Call Cambodia, Malaysia, Singapore and Indonesia
the financing will be channeled to Myanmar’s communities living in conflict-affected areas. service, Premium Rentals (Beat), and Grab have downloaded the Grab app on their mobile
most disadvantaged townships, with a particular Food. phones. – Translated
focus on the most under-performing schools and The company’s taxi service is popular and
teachers within these townships. experiencing an increase of 10 percent in daily
The project builds on and extends the rides in 2019 from the previous year, and adding
geographic scope of the work done under the more than 196,000 more precise location points
ongoing Decentralizing Funding to Schools in the Grab application.
Project, supported by the World Bank since Source: World Bank Press Release The number of businesses using Grab for
2014. That project to date has reduced the https://www.worldbank.org/en/news/press- Business doubled in 2019, and the most popular Source: Myanmar Times
burden of fees for the parents and guardians of release/2020/03/03/myanmar-new-project-aims- destinations for rides were Myanmar Plaza, https://www.mmtimes.com/news/myanmar-
more than 9 million students through direct to-improve-education-quality-and-access-across- Junction City, and Yangon Airport. aviation-sector-expected-become-profitable-
funding to all Ministry of Education schools for country Grab will expand its services to other key cities more-pain-ahead-first.html
15 March 2020
PwC PwC Myanmar Weekly Business Intelligence 17Infrastructure Other Infra
Financial and Business Infrastructure Policy and Regulation Tender Opportunities MIC Permitted Projects Upcoming Events
Ayeyarwady Integrated Food Industry Complex likely Myanmar’s Internet Provider Frontiir Acquires US-
to be completed in 2021 Based Cloud Storage Big Data Firm
09 Mar 2020 11 Mar 2020
The Ayeyawady Integrated Food Industry He made the remarks during a visit to the Myanmar based internet service provider Frontiir storage solution will be expanded in scale of
Complex, which is being implemented on 900 Ayeyawady Integrated Food Industry Complex, has acquired US-based big data storage deployment to support Frontiir’s ISP
acres of land in Pantanaw Township, is expected accompanied by five commercial attachés in mid- company Termaxia and its cloud storage infrastructure and future cloud product offerings.
to finish in 2021, according to news released February. technology. The company added that a new engineering
online by the Commerce Ministry. Ninety per cent “The project will provide a comprehensive Frontiir has provided internet services from $0.13 R&D centre will be established near Philadelphia,
of goods produced at the complex will be meant service to the food industry, from breeding to a day to 1.4 million users in Myanmar, Southeast that will focus on innovations in cloud and
for the export market, it stated. production. At present, it has created more than Asia, and Termaxia offers a storage solution software-defined data centre technologies for
Global Earth Agro and Aqua Public Company, 2,000 jobs. Within five years, it will employ over targeting exabyte-scale storage. Frontiir.
established by the Myanmar Fisheries 7,000 workers, and its production value is Termaxia was founded by Dr. Changbin Liu, who “This technology acquisition and more
Federation (MFF), are implementing the project estimated around US$200 million. An aqua feed holds several US patents and publications, and importantly the partnership with expert
after obtaining a permit from the Myanmar processing factory, with a capacity of 1,600 tons Dr. Boon Thau Loo, who is also Associate Dean technologists expand Frontiir’s capability to
Investment Commission (MIC). The company will per day, and warehouses which can handle of the Engineering school and Computer Science continue its rapid innovation pace through our
conduct aqua feed processing, fish breeding, fish 50,000 tons of raw materials and 4,000 tons of professor at the University of Pennsylvania with existing R&D centre in Silicon Valley and a new
processing, and set up a laboratory at the finished products are part of the project. To fulfill over 140 publications. R&D campus close to UPenn,” said Dr. Godfrey
complex. Drying factories, fish and aqua feed the requirement of raw materials for the feed “As the use of the Internet grows in developing Tan (a.k.a) Dr. Wai Lin Tun, Chairman and CEO
processing factories, breeding stations, processing factory, 80 per cent of raw materials, countries, we believe that Termaxia’s high- of Frontiir.
packaging factories, cold storages, fish disease such as soy bean cakes, wheat bran, and rice density energy-efficient and cost-effective “We are excited to work together with Dr. Liu and
diagnostics laboratory, warehouses, and bran, will be purchased from the domestic storage solution is an excellent fit for large-scale Dr. Loo to bring best-in-class cloud services to
apartments for workers will be included in the market,” said U Htay Myint from the MFF. “Fish usage in developing countries,” said Liu. the people of Myanmar at price they can afford,
project. hatcheries in the zone aim to breed striped “It is rare to find a company like Frontiir that something we have already done successfully
“Fish production, once the complex is completed, catfish the whole year. Good water supply and combines cutting-edge technology with social with internet.”
is estimated to be 500 to 1,000 tons per day. drainage and automated feeding systems are impact.
Myanmar commercial attachés assigned in other being installed,” he added. “We share their vision to bridge the digital divide
countries are endeavoring to explore foreign Source: The Global New Light of Myanmar between developing and developed countries. Source: Data Economy
markets,” said U Than Myint Oo, director of the https://www.globalnewlightofmyanmar.com/ayey We at Termaxia are thrilled to continue our https://data-economy.com/myanmars-internet-
Myanmar Trade Promotion Organization under awady-integrated-food-industry-complex-likely- journey as part of the Frontiir team.” provider-frontiir-acquires-us-based-cloud-
the Ministry of Commerce. to-be-completed-in-2021/ Post-acquisition, Termaxia’s software-defined storage-big-data-firm/
15 March 2020
PwC PwC Myanmar Weekly Business Intelligence 18You can also read
