PWC MYANMAR WEEKLY BUSINESS INTELLIGENCE - ISSUE NO. 215 - 31 MAY 2020
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PwC Myanmar Weekly Business Intelligence Issue No. 215 31 May 2020
Financial and Business Infrastructure Policy and Regulation Tender Opportunities MIC Permitted Projects Upcoming Events
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31 May 2020
PwC PwC Myanmar Weekly Business Intelligence 2
PwC Myanmar Weekly Business Intelligence
MIC
Financial and Policy and Tender Upcoming
Issue - 215, 31 May 2020 Business
Infrastructure
Regulation Opportunities
Permitted
Events
Projects
Infrastructure
Infrastructure
Highlights
• “Under an agreement with Myanmar’s Ministry of Planning, Finance and Industry (MOPFI),
Transport
Singapore’s Infrastructure Asia (IA) will help identify suitable investors, including by inviting
international-standard tenders, for infrastructure projects listed in Myanmar’s Project Bank, an • MoTC plans to upgrade Nyaung-U, Thandwe aerodromes
online database of priority projects aligned with the country’s sustainable development plan.”
• Govt seeks parliamentary approval for additional Dala Bridge loan
• “Myanmar’s Ministry of Electricity and Energy has rejected requests from prospective bidders for a • Xi Hopeful on Belt and Road Projects in Myanmar During COVID-19
major solar farm tender to extend its one-month deadline, which they say is impossible to meet
because of the COVID-19 crisis and tough conditions attached.” Energy
• “Pyidaungsu Hluttaw, Myanmar’s highest legislature, has approved the highly anticipated • Energy ministry tells bidders no extension for solar tender
comprehensive Myanmar Industrial Zone Law on May 26. The statue has 20 chapters and 75 • MOEE to go ahead with oil and gas bidding round this year
articles. The bill was drafted and announced in August 2019.
• Developer issues tender for Ayeyarwady LNG power plant
• .”
Real Estate
Financial and Business • Myanmar Passes the Industrial Zone Law
• NYDC CEO Says New Yangon City Project Will Move Forward
• Commerce ministry lifts ban on foreign liquor imports – at a price
• Land plots in Chin State's Haka township available for sale
• Govt commits to developing secure ecosystem for e-commerce in Myanmar
Waste and Water
• ADB to extend loans in support of development in Myanmar
▪ Teddim faces water shortage
• Microfinance institutions in Myanmar face COVID-19 cash flow crisis
▪ Final Presentation of Flood Model for Yangon has been presented to Yangon City
• With reform plans in place, ministers express cautious optimism on Myanmar economy Development Committee
Other Infra
• Singapore Agency to Help Myanmar Find Partners for Key Infrastructure Projects
Policy and Regulation
• World Bank approves $350 million IDA credit to improve Myanmar power generation
• Myanmar receives approval to seek funds from IMF, JICA • World Bank Group to focus on social inclusion and conflict in its investments
• Myanmar Submits First Report to World Court on Provisional Measures to Protect Rohingya
• Myanmar Tourism Sector Needs More Govt Support During COVID-19: New Survey
• Myanmar to Borrow $200 Million from World Bank to Assist Farmers
31 May 2020
• Myanmar Lower House Passes Law Boosting Govt’s Powers to Fight Epidemics
PwC 3
Financial and Business
31 May 2020
4
Financial and Business
Financial and Business Infrastructure Policy and Regulation Tender Opportunities MIC Permitted Projects Upcoming Events
Commerce ministry lifts ban on foreign liquor imports Myanmar aviation sector expected to become
– at a price profitable, but more pain ahead first
27 May 2020 27 Jan 2020
The white-listing of imported liquor follows years “Progressive, step-by-step liberalisation of Myanmar’s aviation industry is betting on a more tourist attractions in the future,” U Kyaw Nyein.
of intense lobbying by foreign producers, but international spirits into Myanmar will be crucial profitable future with the number of airlines now Air KBZ has also been expanding. Last year, it
hopes for a reduction in smuggled spirits may be to further tackling and reducing illicit trade and reduced to half compared to 2017 and demand upgraded its fleet of planes and announced new
frustrated by high import taxes. mitigating public health risks,” he said. for domestic air travel expected to catch up with destinations to Dawei , Kaw Thaung , Myeik,
Myanmar has ended a decades-old ban on liquor But the impact of the move may be limited supply. However, they will have to swallow more Sittwe, Kyaingtong, Hkamti and Loikaw. its sister
imports but high taxes mean the measure may initially because the notification blocks the import losses in the short term before things get better. airline, Myanmar Airways International, added a
not be enough to stem illicit trade in foreign of any products with a value of less than US$8 a There are currently five airlines in Myanmar, new Airbus A319 to its fleet, expanding its
spirits – at least in the short term. litre in order to protect local producers. down from ten three years ago. But even though capacity by 144 passengers.
The Ministry of Commerce on May 25 issued a Combined with customs duties and other taxes, a there are fewer players now in the market, the Tanes Kumar, commercial director for Air KBZ,
notification removing liquor from a list of items one-litre bottle of legally imported spirits will cost volume of passengers flying domestic remains said even though the new routes are not yet
that are banned from import, as well as a at least $20 a litre – approximately double the below three million, according to government profitable, the main aim of adding new
notification outlining procedures for companies to smuggled products available openly on the data. destinations is to expand the airline’s network
legally import foreign alcohol into the country. market. At those levels, demand is not sufficient to cover and connectivity. “This gives passengers more
The policy change is intended to meet market Even officials involved in the process said they the industry’s losses, U Kyaw Nyein, CEO of options and allows employees to learn new skills
demand, ensure customers can access quality have doubts that it will initially have much effect Golden Myanmar Airlines (GMA), told The for more expansion in the future,” he said.
products, control illegal imports and increase tax on illicit trade in liquor, which is worth around $80 Myanmar Times in a recent interview.
revenues, the notification says. million a year, according to data from Myanmar’s But profitability is possible in the years ahead,
The decision to open up the market is considered export partners, and goes through trade gates making it a good time for the remaining airlines to Source: Myanmar Times
a significant reform, particularly given the controlled by ethnic armed groups. Legal accelerate their plans for expansion to capitalise
https://www.mmtimes.com/news/myanma
widespread nature of smuggling and concerns imports, mostly through licensed duty free on future demand, according to a 2019 report by
r-aviation-sector-expected-become-
about consumer safety. businesses, total less than $10 million a year. the Centre for Asia Pacific Aviation.
Mr Cedric Retailleau, managing director for Last year, GMA took delivery of a new aircraft, profitable-more-pain-ahead-first.html
Southeast Asia at French drinks giant Pernod taking its current fleet of ATR-72s to three. “With
Ricard, said the May 25 notifications were “an Source: Frontier Myanmar the additional seats, we can now fly daily
important step” and the company would continue https://frontiermyanmar.net/en/commerce- compared to alternate days before. We will also
to engage with the government to encourage ministry-lifts-ban-on-foreign-liquor-imports-at-a- extend our destinations to include more flights to
further market liberalisation. price Dawei and Kaw Thaung, which could be potential
31 May 2020
PwC PwC Myanmar Weekly Business Intelligence 5
Financial and Business
Financial and Business Infrastructure Policy and Regulation Tender Opportunities MIC Permitted Projects Upcoming Events
Govt commits to developing secure ecosystem for e- ADB to extend loans in support of development in
commerce in Myanmar Myanmar
28 May 2020 25 May 2020
As COVID-19 continues to disrupt the traditional highlighted the current challenges faced by the Myanmar is planning to take a US$60 million the first and second stages, to be complete
workings of the Myanmar economy, e-commerce public sector in achieving the indicators under loan from the Asian Development Bank (ADB) to before the end of the year, a wholly-owned CGC
is expected to be a key driver of growth for the CERP. establish a Credit Guarantee Corporation (CGC), will be established by the government utilising
country post-pandemic, said U Aung Htoo, "Moving trade online will help to streamline U Maung Maung Win, the Deputy Minister for the the ADB loan. The third stage will see the CGC
deputy minister of Commerce, during a virtual communications between traders and their Ministry of Planning, Finance, and Industry, said sign agreements with financial institutions to
conference held on May 28. customers and also encourage customer in Parliament on May 21. The proposal was sent establish the necessary financial systems
The Ministry of Commerce (MOC) will release an interaction both locally and internationally. These by the President. required. This will be implemented between 2021
overview of a plan to develop e-commerce in activities can help drive growth and demand," U U Maung Maung Win said small and medium and 2025.
Myanmar soon, he added. Aung Htoo said. enterprises (SMEs) in Myanmar lack a credit Meanwhile, Myanmar will also receive some $1.8
"It's a good time now to pave the way for e- He added that as most e-commerce is currently guarantee system which limits the amount of billion in financial support for development
commerce to develop and contribute to the done informally, the MOC's aim will be to create unsecured loans the banks are able to extend to projects in the country from the ADB, according
growth of the Myanmar economy," U Aung Htoo a secure and regulated system for trading on the an SME. to the Ministry of Investment and Foreign
said. "Mobile phone penetration is over 100 internet in Myanmar. In Myanmar, 98pc of the economy comprises Economic Relations (MIFER).
percent now so it is a good time to leverage on U Zaw Min Win, chair of the Union of Myanmar SMEs, while 95pc of the workforce is employed This will include a $1.7 billion concessional loan
this for the further development of e-commerce." Federation of Chambers of Commerce and by this sector, according to government data. and a grant of $70 million to build infrastructure
This comes after the April 27 Government Industry, added that with key industries like Yet, bank lending for business in Myanmar for transport and energy as well as for education,
announcement on COVID-19 Economic Relief manufacturing, retail and wholesale, small and comprises just 37 percent of GDP, which is low healthcare and urban and rural development,
Plan (CERP) which outlines immediate and medium sized enterprises as well and finance compared to other countries in the region. said U Than Aung Kyaw, Director General of the
short-term actions to be implemented before and investment under pressure from COVID-19, “Establishing the CGC will help solve the Foreign Economic Relations Department under
year-end. The plan includes five specific actions "we have to use the internet and technology to problem of SMEs having insufficient collateral MIFER.
for technology and e-commerce with the aim of make the changes needed for the economy to and documentation, which prevents them from This aligns with the ADB’s business plan for
promoting innovative products and platforms, recover. We urge the plans under the CERP to getting a loan from the banks,” he said. Myanmar over the next two years, released on
including the uptake of digital payments, be implemented quickly," he said. The ADB will extend the loan at an interest rate May 18, as well as the Myanmar Sustainable
encouraging retail trade to operate online and Source: Myanmar Times of 1pc per year during a grace period of eight Development Plan.
promoting delivery and logistics firms. https://www.mmtimes.com/news/govt-commits- years, and 1.5pc per year during the repayment Source: Myanmar Times
The Conference served as the first ever online developing-secure-ecosystem-e-commerce- period over the next 24 years. https://www.mmtimes.com/news/adb-extend-
Public – Private Dialogue on e-Commerce and myanmar.html The CGC will be formed in three stages. Under loans-support-development-myanmar.html
31 May 2020
PwC PwC Myanmar Weekly Business Intelligence 6
Financial and Business
Financial and Business Infrastructure Policy and Regulation Tender Opportunities MIC Permitted Projects Upcoming Events
Microfinance institutions in Myanmar face COVID-19 With reform plans in place, ministers express cautious
cash flow crisis optimism on Myanmar economy
26 May 2020 30 May 2020
Travel restrictions, government orders to defer estimated 5.5 million clients in Myanmar. Myanmar could see GDP growth of six percent interest loans, tax waivers and deferrals to
repayments and lend at lower interest rates have But restrictions meted out to prevent the spread next year if the action plans put forth under the affected businesses as well as cash transfers for
reduced the ability of microfinance institutions of COVID-19 have made it difficult for MFIs to government’s COVID-19 Economic Response vulnerable households and expedite investment
(MFIs) in Myanmar to operate at a time when disburse loans and collect payments. One Plan (CERP) are achievable and the number of approvals, among others.
there is a pressing need for capital from the rural reason is because most MFIs do so via local new COVID-19 cases continues to be under More details of the CERP’s implementation for
population due to COVID-19. agents. control, said U Thaung Tun, minister of the public will be announced in the coming
The inability to collect repayments from some Meanwhile, the government had ordered MFIs to Investment and Foreign Economic Relations. weeks, said the investment minister.
borrowers has led to road bumps in liquidity and allow delayed repayments, making the collection In a webinar organised by Australia-Myanmar U Set Aung, deputy minister of Planning, Finance
cash flows for MFIs, and this, in turn, has limited of repayments on time almost impossible. The Chamber of Commerce on May 29, U Thaung and Industry, who was also in the webinar, said
the lenders' capacity to extend financing to MFI industry, in general, has a high repayment Tun said the country faces an unprecedented the government will strengthen coordination
others. rate of over 99pc, said Rachel Yu, development economic disruption that is similar to the Great between ministries and the private sector to
Compared to the same period in 2019, the multi- director of VisionFund Myanmar. But when the Depression in the 1950s. But Nay Pyi Taw has ensure the implementation of the CERP is as
donor Livelihood and Food Security Fund (LIFT) US-based MFI reopened for business on May 4, been taking a suite of measures to counter the smooth as possible under the circumstances.
has seen a US$115 million shortfall in liquidity it only received 19pc of expected repayments, fallout and ensure rapid reforms. U Set Aung said the focus of the plan is short
among MFIs it worked with last month, and this is which had impact on their cash flow. He highlighted the World Bank, International term in nature and that the government’s aim is
expected to rise by another $60 million during the At the same time, there has been a “liquidity Finance Corporation and the Asian Development quick implementation to maximise output.
first half of May as COVID-19 restrictions persist. crunch” internationally with banks and lenders Bank have shared that “there is a silver lining” in This has been gaining momentum. It is expected,
MFIs working with LIFT disbursed around $1.2 affected, reducing cash available to where it is the country’s economic outlook, with GDP growth for example, that the first emergency loans will
billion in loans to more than 2.8 million low- needed, she added. potentially hitting 6pc or higher in 2021. be disbursed to all small and medium-sized
income households last year, but some have Notably, this is taking place at a time when To overcome the crisis, he said, Myanmar needs enterprises (SMEs) that qualify by mid-June.
seen reductions of more than 60 percent in Myanmar’s most important industry, agriculture, a “Whole-of-Nation” approach, under which the
planned disbursements this year as a result of is in need of financing to support farmers who government leads with everyone on board in
COVID-19. are struggling from a drop in crop sales. implementing the CERP.
Since Myanmar enacted the Microfinance Law in Source: Myanmar Times The government in late April announced the Source: Myanmar Times
2011, lending by MFIs has become the biggest https://www.mmtimes.com/news/microfinance- CERP, a 15-page document containing seven https://www.mmtimes.com/news/reform-plans-
source of financing for the rural economy. There institutions-myanmar-face-covid-19-cash-flow- goals and 36 action plans. It includes plans to place-ministers-express-cautious-optimism-
are almost 200 licenced MFIs, serving an crisis.html increase government spending by extending low- myanmar-economy.html
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PwC PwC Myanmar Weekly Business Intelligence 7
Infrastructure
31 May 2020
8
Infrastructure Transport
Financial and Business Infrastructure Policy and Regulation Tender Opportunities MIC Permitted Projects Upcoming Events
MoTC plans to upgrade Nyaung-U, Thandwe Myanmar aviation sector expected to become
aerodromes profitable, but more pain ahead first
30 May 2020 27 Jan 2020
The Ministry of Transport and Communications However, the Golden Myanmar Airlines Public Myanmar’s aviation industry is betting on a more tourist attractions in the future,” U Kyaw Nyein.
(MoTC) has planned to upgrade the Nyaung-U Company gave up the upgrading project. So, the profitable future with the number of airlines now Air KBZ has also been expanding. Last year, it
aerodrome for the chartered planes to land safely authorities called a new tender to substitute the reduced to half compared to 2017 and demand upgraded its fleet of planes and announced new
and smoothly as well as Thandwe aerodrome to Golden Myanmar Airlines Public Company. for domestic air travel expected to catch up with destinations to Dawei , Kaw Thaung , Myeik,
turn it into the Customs Aerodrome, said the Under the joint venture programme, the supply. However, they will have to swallow more Sittwe, Kyaingtong, Hkamti and Loikaw. its sister
Union Minister for Transport and international chartered planes will be allowed to losses in the short term before things get better. airline, Myanmar Airways International, added a
Communications at Amyotha Hluttaw meeting land upon completion of the upgrading project, There are currently five airlines in Myanmar, new Airbus A319 to its fleet, expanding its
held on 25 May. according to the Department of Civil Aviation. down from ten three years ago. But even though capacity by 144 passengers.
“The Thandwe airport was extended in 2016- The estimated cost of the project is US$40 there are fewer players now in the market, the Tanes Kumar, commercial director for Air KBZ,
2017 fiscal year. The airport is to be turned into a million for Heho airport, $36 million for volume of passengers flying domestic remains said even though the new routes are not yet
Customs aerodrome, which is mainly dependent Kawthaung airport and $20 million for below three million, according to government profitable, the main aim of adding new
upon the annual fund. We are conducting other Mawlamyine airport. data. destinations is to expand the airline’s network
necessary upgrading and it is possibly named as At those levels, demand is not sufficient to cover and connectivity. “This gives passengers more
Customs aerodrome after 2020-2021FY, said the industry’s losses, U Kyaw Nyein, CEO of options and allows employees to learn new skills
Union Minister U Thant Sin Maung of the Ministry Golden Myanmar Airlines (GMA), told The for more expansion in the future,” he said.
of Transport and Communications. Myanmar Times in a recent interview.
The Department of Civil Aviation will enter into a But profitability is possible in the years ahead,
contract with KBZ Group and Hintha Group making it a good time for the remaining airlines to Source: Myanmar Times
companies to upgrade Heho and Mawlamyine accelerate their plans for expansion to capitalise https://www.mmtimes.com/news/myanmar-
airports. on future demand, according to a 2019 report by aviation-sector-expected-become-profitable-
The private companies are selected to submit the the Centre for Asia Pacific Aviation. more-pain-ahead-first.html
tender to finalize the upgrading of three domestic Last year, GMA took delivery of a new aircraft,
airports including Heho, Kawthaung and taking its current fleet of ATR-72s to three. “With
Mawlamyine. The tenders have been granted to Source: The Global New Light of Myanmar the additional seats, we can now fly daily
KBZ Group for Heho Airport, Hintha Group for https://www.globalnewlightofmyanmar.com/motc- compared to alternate days before. We will also
Mawlamyine Airport and Golden Myanmar plans-to-upgrade-nyaung-u-thandwe- extend our destinations to include more flights to
Airlines Public Company for Kawthaung Airport. aerodromes/ Dawei and Kaw Thaung, which could be potential
31 May 2020
PwC PwC Myanmar Weekly Business Intelligence 9Infrastructure Energy
Financial and Business Infrastructure Policy and Regulation Tender Opportunities MIC Permitted Projects Upcoming Events
Govt seeks parliamentary approval for additional Dala Xi Hopeful on Belt and Road Projects in Myanmar
Bridge loan During COVID-19
27 May 2020 21 May 2020
The Ministry of Construction last week submitted and Kawhmu townships and also reduce traffic YANGON—Chinese President Xi Jinping Kyaukphyu SEZ, a letter of intent on the
a proposal to Parliament for an additional US$20 congestion in Yangon City. The bridge will also expressed hope that Myanmar will speed up development of Yangon City and a memorandum
million loan from South Korea for the connect Dala, one of the region's poorest cooperation with China to implement its of understanding (MoU) to accelerate
construction of the Myanmar-Korea Friendship townships, to more urban development. ambitious infrastructure projects in the country negotiations around the Ruili-Muse Cross-Border
Bridge, or Dala Bridge. Construction, which began in December 2018, is during a recent call with Myanmar President U Economic Cooperation Zone.
The loan, which will be drawn from Korea's expected to be complete in October 2022, ten Win Myint. Among the backbone projects, the Kyaukphyu
Economic Development and Cooperation Fund years after it was first announced in May 2012. In the phone conversation on Wednesday, Xi SEZ is crucial for China, as it is expected to
at a rate of 0.01 percent, will be used to cover said that he is expecting the two sides will boost development in China’s landlocked
additional costs for changes to the design of the cooperate closely and speed up the Yunnan Province and provide China with direct
bridge, said U Kyaw Lin, Deputy Minister of implementation of projects under the Belt and access to the Indian Ocean, allowing its oil
Construction. Road Initiative (BRI) that were agreed to during imports to bypass the Strait of Malacca.
The changes include extending the width of the his visit to Myanmar earlier this year. The two sides signed an agreement on CMEC in
waterway to 300m from 250m before and bridge During Xi’s visit to Myanmar, both sides agreed 2018 and the corridor is part of the BRI, Xi
opening to 370m from 320m before. to speed up the China-Myanmar Economic Jinping’s signature foreign policy project.
An agreement on the initial loan of US$137.8 Corridor (CMEC) backbone projects including the Unveiled in 2013, the international plan is also
million from the Koreans for the bridge was Kyaukphyu Special Economic Zone (SEZ) in known as the Silk Road Economic Belt and the
signed on November 16, 2015. As such, the western Rakhine State, New Yangon City in 21st Century Maritime Silk Road. The project
changes will bring the total borrowed to $157.8 Myanmar’s commercial capital and Cross-Border aims to build a network of roads, railroads and
million. Economic Cooperation Zones in Shan and shipping lanes linking at least 70 countries from
As part of the 2015 agreement, the Myanmar Kachin states. China to Europe, passing through Central Asia,
government will also fork out a further $30.3 He branded all three projects as crucial pillars of the Middle East and Russia and fostering trade
million for the construction of the bridge. the CMEC that are needed to deepen “result- and investment.
After including the additional costs for the design oriented BRI cooperation” and move from “the
change, the total cost to build the Dala Bridge is Source: Myanmar Times conceptual stage to concrete planning and Source: The Irrawaddy
now expected to amount to $188.1 million. https://www.mmtimes.com/news/govt-seeks- implementation” of building the CMEC. https://www.irrawaddy.com/news/burma/xi-
Once completed, the 1.9km bridge will ease parliamentary-approval-additional-dala-bridge- In January, the two sides inked a concession hopeful-belt-road-projects-myanmar-covid-
travel between Yangon City and Dala, Twante loan.html agreement and shareholders’ agreement for 19.html
31 May 2020
PwC PwC Myanmar Weekly Business Intelligence 10Infrastructure Energy
Financial and Business Infrastructure Policy and Regulation Tender Opportunities MIC Permitted Projects Upcoming Events
Energy ministry tells bidders no extension for solar Grab says it pumped $100M into Myanmar in
tender four years
30 May 2020 12 Feb 2020
Myanmar’s Ministry of Electricity and Energy has 1GW. Ride-sharing company Grab has invested over across the country this year, Toh said. GrabFood
rejected requests from prospective bidders for a As The Myanmar Times reported, Western US$100 million (K143.5 billion) in Myanmar in will be launched for local restaurants and
major solar farm tender to extend its one-month business groups on May 25 wrote to energy the past four years to strengthen its position on transportation partners in Mandalay this year.
deadline, which they say is impossible to meet minister U Win Khaing asking for a delay to the the local taxi market, a senior company official “Although food delivery is increasing locally, it
because of the COVID-19 crisis and tough solar tender deadline and for tough conditions to said Tuesday. still lags behind other countries. We have many
conditions attached. be revised to give prospective bidders more Cindy Toh, country manager for Grab, said the opportunities,” said U Myat Kaung Min, head of
“At the moment, EPGE does not consider any room to prepare for the tender. company will continue investing to further GrabFood Myanmar.
extension of Bid Submission Date,” the Electric European and US chambers of commerce in improve the quality of its service in Myanmar. Grab For Good will be launched in Myanmar
Power Generation Enterprise (EPGE) said, Yangon said in their letter: “As the COVID-19 “Grab will emphasise service quality and safety, soon.
according to its clarification document seen by pandemic continues, potential foreign bidders not only technology,” she told a briefing. “We will In 2018, Grab launched its Grab Thone Bane
The Myanmar Times. and suppliers are not able to inspect the sites continue investing in expansion and partnerships (three-wheeler) service in Bagan and Mandalay
The clarification to the invitation to bid was associated with this tender, nor are they in a to better the platform and expand the city, and Grab TaxiPlus service.
issued as part of the tender document, according position to prepare a thorough response to the ecosystem.” More than 166 million people in 339 cities in
to a letter from the EPGE addressed to potential tender.” Grab launched its service in Myanmar in July Myanmar, Vietnam, the Philippines, Thailand,
bidders. The letter was dated May 29 and signed “For companies that are considering this 2017, and has since introduced Grab Taxi Call Cambodia, Malaysia, Singapore and Indonesia
by EPGE managing director U Than Naing Oo. opportunity with any kind of financing option, with service, Premium Rentals (Beat), and Grab have downloaded the Grab app on their mobile
The decision was made despite grumbles from local or foreign lenders, the current deadline of Food. phones. – Translated
local and international investors over what they June 18 is impossible to support,” they added. The company’s taxi service is popular and
say is an impossible timeline to meet the June 18 The criticism is shared by local and Asian experiencing an increase of 10 percent in daily
deadline. investors who spoke to this newspaper. rides in 2019 from the previous year, and adding
But the feedback from investors and embassies Land documentation is a key challenge in more than 196,000 more precise location points
reflects what businesses see as the ministry’s meeting the timeline since evidence of potential in the Grab application.
tendency to roll out tenders in a way that scares land acquisition is required as part of the bid. The number of businesses using Grab for
off competition. Many are already disappointed Business doubled in 2019, and the most popular Source: Myanmar Times
with the emergency power tender rushed through Source: Myanmar Times destinations for rides were Myanmar Plaza, https://www.mmtimes.com/news/myanmar-
last year, which also gave bidders around a https://www.mmtimes.com/news/energy-ministry- Junction City, and Yangon Airport. aviation-sector-expected-become-profitable-
month to bid for five energy projects totalling tells-bidders-no-extension-solar-tender.html Grab will expand its services to other key cities more-pain-ahead-first.html
31 May 2020
PwC PwC Myanmar Weekly Business Intelligence 11Infrastructure Energy
Financial and Business Infrastructure Policy and Regulation Tender Opportunities MIC Permitted Projects Upcoming Events
MOEE to go ahead with oil and gas bidding round this Developer issues tender for Ayeyarwady LNG power
year plant
30 May 2020 26 May 2020
Myanmar will launch a major new bidding round owned enterprise governance and contract The Myanmar-Chinese developers of a major progress. The Myanmar Times has contacted
for oil and gas exploration this year, according to disclosure issues. liquefied natural gas (LNG) power plant for Union Resources and Engineering Co for
a senior energy ministry official. The last bidding round, under U Thein Sein’s Ayeyarwady Region have issued a tender with a comments.
“It is almost certain that it [the bidding round] will government, succeeded without such a law. one-week deadline for companies to enter the The Ministry of Electricity and Energy signed a
be launched during this year,” said the Ministry of Analysts warn that since oil prices will likely stay prequalification stage. letter of intent with the four companies in January
Electricity and Energy deputy permanent below $40 for the foreseeable future, and are The proposed 1390MW LNG power plant is to be 2020 to accelerate the project as part of Chinese
secretary U Htay Aung on May 26. currently heading towards $20 because of a built in Shwethaungyan township’s Mee Lin President Xi Jinping’s state visit to Myanmar.
The government is revising the Production build-up in stocks, Myanmar may need to offer its Gyaing area, a greenfield site about 250 The consortium received a “notice to proceed”
Sharing Contracts, he added. blocks at a discount. kilometres from Yangon. The scheme will include from the ministry in January 2018 to start
“After amending [the terms and conditions], open The oil and gas sector is of huge importance to a 500kV transmission line to Hlaing Tharyar, on conducting the feasibility study and project plans.
blocks will be launched for international bidding,” Myanmar’s fiscal health. In 2017-18, natural gas the outskirts of the commercial capital, but the It is one of the three high-profile LNG plants -
officials said. shipments accounted for US$3.1 billion, or first phase will only require a line to Pathein, totalling almost 3000MW - given notices to
This will be the first international bidding round roughly half of the country’s total export where it will link up with the national grid. proceed, the other two are a plant in Ahlone
under Daw Aung San Suu Kyi’s government. revenues. If approved, it will be among the largest energy proposed by Thai-listed firm TTCL and the
The ministry pledged to open 33 new blocks for investments costing about US$2.5 billion, Kanbauk project backed by French Total and
foreign bidding in the first quarter of last year but according to state media. The tender notice was Siemens of Germany in Tanintharyi's Yebyu
that has been delayed because the authorities issued by the state newspaper on May 22, with a township.
had wanted to draft a petroleum law to regulate deadline of May 28. The three LNG power plant proposals are meant
the round. The developer is Mee Lin Gyaing Electric Power, to plug Myanmar’s widening electricity shortfall
It is unclear whether the ministry will enact the a consortium of Myanmar’s Supreme Trading Co and end power cuts. Factory and business
legislation before the bidding. If so, the timeline and three Chinese firms: Yunnan Provincial closures amid the COVID-19 pandemic have
would be tight given the need to consult Energy Investment Group, Union Resources and reduced demand but Yangon is still experiencing
stakeholders and revise the draft law. Engineering Co, and Zhefu Holding Group. power cuts.
Major oil and gas producers complained that the The government and the developers have not
initial draft law - if not amended - could keep Source: Myanmar Times inked a power purchase agreement (PPA) but Source: Myanmar Times
investors away. Others said the draft legislation https://www.mmtimes.com/news/moee-go- are now looking for a contractor, which could https://www.mmtimes.com/news/developer-
as it stands does not address the many state- ahead-oil-and-gas-bidding-round-year.html signal that the PPA negotiations are making issues-tender-ayeyarwady-lng-power-plant.html
31 May 2020
PwC PwC Myanmar Weekly Business Intelligence 12Infrastructure Real Estate
Financial and Business Infrastructure Policy and Regulation Tender Opportunities MIC Permitted Projects Upcoming Events
Myanmar Passes the Industrial Zone Law Grab says it pumped $100M into Myanmar in
four years
28 May 2020 12 Feb 2020
Pyidaungsu Hluttaw, Myanmar’s highest the project per the proposed project timeline Ride-sharing company Grab has invested over across the country this year, Toh said. GrabFood
legislature, has approved the highly anticipated approved by the committee. US$100 million (K143.5 billion) in Myanmar in will be launched for local restaurants and
comprehensive Industrial Zone Law on May 26. If the investor fails to implement the project in the the past four years to strengthen its position on transportation partners in Mandalay this year.
The statue has 20 chapters and 75 articles. The proposed timeline, he or she shall pay 10 percent the local taxi market, a senior company official “Although food delivery is increasing locally, it
bill was drafted and announced in August 2019. of the value of the acquired land as fines every said Tuesday. still lags behind other countries. We have many
The contribution of the industrial sector to the year or will have to give up the permit or grant of Cindy Toh, country manager for Grab, said the opportunities,” said U Myat Kaung Min, head of
GDP of Myanmar who heavily relies on the use of lands. company will continue investing to further GrabFood Myanmar.
agriculture was only 10.5 percent in 1990-1991 Under Article 57, illegal squatting, building roads, improve the quality of its service in Myanmar. Grab For Good will be launched in Myanmar
and significantly increased to 33 percent in 2013- or establishments without in the industrial zones “Grab will emphasise service quality and safety, soon.
2014, 35 percent in 2014-2015, and 35.4 percent are prohibited. Anyone who breaches this not only technology,” she told a briefing. “We will In 2018, Grab launched its Grab Thone Bane
in 2015-2016. The government is aiming to prohibition will face not more than three years of continue investing in expansion and partnerships (three-wheeler) service in Bagan and Mandalay
increase the contribution of the industrial sector jail terms and/or fine. to better the platform and expand the city, and Grab TaxiPlus service.
to 37 percent in 2030-2031. The law also prohibits any vandalism or ecosystem.” More than 166 million people in 339 cities in
Yet, the country did not have a strong legal destruction of an investor’s business in the Grab launched its service in Myanmar in July Myanmar, Vietnam, the Philippines, Thailand,
framework to regulate around sixty industrial industrial zone or development of the industrial 2017, and has since introduced Grab Taxi Call Cambodia, Malaysia, Singapore and Indonesia
zones spread across the country, 29 of which are zones, under Article 62. Penalties for breaking service, Premium Rentals (Beat), and Grab have downloaded the Grab app on their mobile
in Yangon, and to protect both investors and the this article is K500,000 to K2 million. Food. phones. – Translated
local community. This law is hoped to fill that All the legal cases are under the authority of the The company’s taxi service is popular and
blank. police force. experiencing an increase of 10 percent in daily
Article 32 of the law allows investors or Development of the industrial zones and rides in 2019 from the previous year, and adding
developers to use the land for 50 years with two industrial sector infrastructures, raw materials, more than 196,000 more precise location points
10-year possible extensions. cheaper and better logistics, technology, and in the Grab application.
According to Article 34 (B), the investors who market, all of which require a strong and fair legal The number of businesses using Grab for
have acquired the lands in the industrial zone framework. Business doubled in 2019, and the most popular Source: Myanmar Times
must obtain approval from the Regional Industrial Source: Myanmar Business Today destinations for rides were Myanmar Plaza, https://www.mmtimes.com/news/myanmar-
Zone Management Committee for his or her https://mmbiztoday.com/myanmar-passes-the- Junction City, and Yangon Airport. aviation-sector-expected-become-profitable-
project timeline and action plan and implement industrial-zone-law/ Grab will expand its services to other key cities more-pain-ahead-first.html
31 May 2020
PwC PwC Myanmar Weekly Business Intelligence 13Infrastructure Real Estate
Financial and Business Infrastructure Policy and Regulation Tender Opportunities MIC Permitted Projects Upcoming Events
NYDC CEO Says New Yangon City Project Will Move Land plots in Chin State's Haka township available for
Forward sale
03
25 Mar
May 2020
2020 29 May 2020
YANGON—The CEO of the company slated to well as CCCC’s involvement. The Hong Kong- A total of 2000 applicants have submitted their It is backed by $2.2 million in foreign aid from
develop the controversial New Yangon City listed, Chinese state-owned company has been interest to buy 820 plots of land at a new city Mission Aviation Fellowship International based
project on the west bank of the Yangon River accused of engaging in corruption and bribery project being developed in Haka township in the in the UK. Haka and Matupi are also connected
says he is hopeful that the project will commence relating to development deals in at least 10 Haka district of Chin State, a spokesperson from by truck road.
this year and that he believes there will be no countries in Africa and Asia, from the Philippines the Chin State Government said.
changes to the project plans, despite Myanmar to Bangladesh to Tanzania, according to The project, which is being developed on 676
and China’s economies facing significant international media reports. acres of land, commenced in 2017. Invitations to
slowdowns due to the COVID-19 pandemic. In a livestream on his Facebook on Friday, Serge apply for the lease of the land plots were sent out
“No matter how the government makes its Pun responded to questions about whether BRI six months ago. The permitted applicants can
decisions [about the project], no matter whether projects in Myanmar are delayed due to COVID- buy a 100x100 feet plot of land with K5 million, a
the scale of the project is big or small, I think the 19 by saying that there should be no doubt that 80x80 plot of land with K3.5 million, a 60x80 plot
project must proceed,” said Serge Pun, CEO of infrastructure projects under the BRI will of land with K2.5 million and a 40x60 plot of land
New Yangon Development Company (NYDC). continue. He added that they may even with K1 million.
“By looking at the Myanmar government’s accelerate as the CERP offers support for mega- Chin State is among the poorest and lease
Economic Relief Plan (CERP), I believe the infrastructure projects to mitigate the effects of accessible regions in Myanmar. Haka, the capital
project will move forward,” he said. COVID-19. of Chin State, is composed of eight big wards
The Yangon government-backed NYDC signed a After reading the relief plan, Serge Pun said “I and its total population is 24,168 with 5,402
US$1.5-billion framework agreement in 2018 with am even more confident some of these mega- houses. It is located more than 1,867 metres
Beijing-based China Communications infrastructure [BRI] projects will proceed.” above sea level.
Construction Company, Ltd. (CCCC) to draw up Launched in early May, the CERP seeks to There is only one main road running along the
a proposal for the infrastructure project. The mitigate the economic impact of the pandemic by middle of the city, in a curved U, and the whole
20,000-acre New Yangon City project is implementing new measures and response city is built along this road. This is connected to
expected to be twice the size of Singapore and is plans. Falam township, where the first airport in Chin
one of the projects under China’s ambitious Belt Source: The Irrawaddy State is set to open with an 800-meter runway in Source: The Irrawaddy
and Road Initiative (BRI). https://www.irrawaddy.com/news/burma/nydc- June, according to the state government. https://www.irrawaddy.com/news/burma/mp-
However, the project has been a source of ceo-says-new-yangon-city-project-will-move- Another airport, Lailenpi, is also under warns-australian-backed-mining-myanmars-far-
controversy due to its flood-prone location as forward.html construction at Matupi township in southern Chin. north-may-spark-protest.html
31 May 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
Teddim faces water shortage Grab says it pumped $100M into Myanmar in
four years
26 May 2020 12 Feb 2020
KALAY-Locals from Teddim Township, Chin Some wards have to carry water from other Ride-sharing company Grab has invested over across the country this year, Toh said. GrabFood
State had water scarcity since the beginning of places for their taking bathe. Some have to buy US$100 million (K143.5 billion) in Myanmar in will be launched for local restaurants and
early December. water. Currently, the electricity is inconvenient in the past four years to strengthen its position on transportation partners in Mandalay this year.
“Water shortage occurred in early December. We downtown Teddim Township,” said CS Moe Noe the local taxi market, a senior company official “Although food delivery is increasing locally, it
have no enough to cook the rice. We have to from Teddim Township. said Tuesday. still lags behind other countries. We have many
carry water from a place about 5-mile away from Cindy Toh, country manager for Grab, said the opportunities,” said U Myat Kaung Min, head of
our village. We had to bathe in Manipu river company will continue investing to further GrabFood Myanmar.
which is far from our village about four miles. improve the quality of its service in Myanmar. Grab For Good will be launched in Myanmar
There is an old lake in our village but it dried out. “Grab will emphasise service quality and safety, soon.
There is no spring,” said a local from Patzan not only technology,” she told a briefing. “We will In 2018, Grab launched its Grab Thone Bane
village. continue investing in expansion and partnerships (three-wheeler) service in Bagan and Mandalay
The Patzan village is far about 18 miles from to better the platform and expand the city, and Grab TaxiPlus service.
Teddim Township. Now, the village is facing a ecosystem.” More than 166 million people in 339 cities in
water shortage. Grab launched its service in Myanmar in July Myanmar, Vietnam, the Philippines, Thailand,
Locals have urged the government to provide 2017, and has since introduced Grab Taxi Call Cambodia, Malaysia, Singapore and Indonesia
easier access to water for all. service, Premium Rentals (Beat), and Grab have downloaded the Grab app on their mobile
Likewise, some wards in downtown Teddim Food. phones. – Translated
Township faced water shortages. The company’s taxi service is popular and
Water shortage had to occur in some regions of experiencing an increase of 10 percent in daily
Chin State in the open season. rides in 2019 from the previous year, and adding
“The downtown of Teddim Township didn’t more than 196,000 more precise location points
access water well. Now, the Township in the Grab application.
Development Committee and Fire Services The number of businesses using Grab for
Department provided water to the Facility Business doubled in 2019, and the most popular Source: Myanmar Times
Quarantine Centers. Likewise, the authorities Source: Eleven Myanmar destinations for rides were Myanmar Plaza, https://www.mmtimes.com/news/myanmar-
distributed water to all wards in downtown. Water https://elevenmyanmar.com/news/teddim-faces- Junction City, and Yangon Airport. aviation-sector-expected-become-profitable-
can be available 15 minutes or half-hour per day. water-shortage Grab will expand its services to other key cities more-pain-ahead-first.html
31 May 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
Final Presentation of Flood Model for Yangon has been
presented to Yangon City Development Committee
03
29 Mar
May 2020
2020
Flood hazard and flood risk model for Yangon impact of such measures" was stated by Mr. Alex
has been completed in October 2019 to assist Hooijer, the project manager from Royal
Yangon City Development Committee (YCDC) to Haskoning DHV. He added that the problem was
prepare measures to make Yangon more complicated because of the discharge from the
resilient into Climate Adaptation. Funded by the rivers in Yangon City and the intensive rainfall
Netherlands Enterprise Agency (RVO), a 7- and the tidal impact.
month project of consortium partners led by "Therefore, we have made a Flood Hazard
Royal Haskoning DHV, HKV consultants, Water Model which may help to come to a better
Bridge Myanmar and Joy Brothers Engineering understanding of the flood situation in Yangon
had been initiated in April 2019 to prepare a and to decide on actions to improve the drainage
Flood Hazard Model for Yangon City to assess system of Yangon" he explained the final
changes in flood hazards a result of future outcome of this project.
urbanization and climate change and to identify A Peculiarity among Southeast Asia Countries
the impact of possible flood mitigation measures "Although there was a lack of data similar,
in order to reduce the flood risk in Yangon City. Myanmar has an active government where
Project Deliverables counterpart staff really actively assisted to
The project was involved in data collection and improve the data, contribute their knowledge of
management, prepared a Flood Hazard Model the drainage system and to digitize maps related
(FHM) for Yangon City and implemented to this drainage system," he shared his
capacity building programs and stakeholder and experience.
technical workshops facilitated by both Myanmar
and the Dutch water experts.
"It is difficult to get rid of water blocking on the Source: Myanmar Water Portal
road and drainage in some places, especially in https://www.myanmarwaterportal.com/news/1806
downtown during rainfall and high tide and flood -final-presentation-of-flood-model-for-yangon-
risk reduction measures will need to be identified. has-been-presented-to-yangon-city-
The model can be used to assess the potential development-committee.html
31 May 2020
PwC PwC Myanmar Weekly Business Intelligence 16Infrastructure Other Infra
Financial and Business Infrastructure Policy and Regulation Tender Opportunities MIC Permitted Projects Upcoming Events
Singapore Agency to Help Myanmar Find Partners for Grab says it pumped $100M into Myanmar in
Key Infrastructure Projects four years
28 May 2020 12 Feb 2020
YANGON—Under an agreement with Myanmar’s conceptual structuring, to improve the viability Ride-sharing company Grab has invested over across the country this year, Toh said. GrabFood
Ministry of Planning, Finance and Industry and success of projects. US$100 million (K143.5 billion) in Myanmar in will be launched for local restaurants and
(MOPFI), Singapore’s Infrastructure Asia (IA) will In a statement, the Singapore Embassy said, the past four years to strengthen its position on transportation partners in Mandalay this year.
help identify suitable investors, including by “Amid economic uncertainties due to the COVID- the local taxi market, a senior company official “Although food delivery is increasing locally, it
inviting international-standard tenders, for 19 pandemic, infrastructure in areas such as said Tuesday. still lags behind other countries. We have many
infrastructure projects listed in Myanmar’s Project supply chains, information and communications Cindy Toh, country manager for Grab, said the opportunities,” said U Myat Kaung Min, head of
Bank, an online database of priority projects technology, public health and clean energy can company will continue investing to further GrabFood Myanmar.
aligned with the country’s sustainable help rebuild and stimulate economies.” improve the quality of its service in Myanmar. Grab For Good will be launched in Myanmar
development plan. It said the agreement aims to provide and “Grab will emphasise service quality and safety, soon.
According to the Singapore Embassy, under the promote growth in both Myanmar and Singapore. not only technology,” she told a briefing. “We will In 2018, Grab launched its Grab Thone Bane
agreement, which was signed on Wednesday, IA Myanmar’s recently launched COVID-19 continue investing in expansion and partnerships (three-wheeler) service in Bagan and Mandalay
will share best practices and knowledge in order Economic Relief Plan (CERP) comprises new to better the platform and expand the city, and Grab TaxiPlus service.
to structure and improve the bankability of the measures and response plans to mitigate the ecosystem.” More than 166 million people in 339 cities in
projects, as well as identify and connect economic impact of the pandemic. The measures Grab launched its service in Myanmar in July Myanmar, Vietnam, the Philippines, Thailand,
authorities with suitable investors and other include steps to expedite the solicitation of 2017, and has since introduced Grab Taxi Call Cambodia, Malaysia, Singapore and Indonesia
partners. strategic infrastructure projects and to approve service, Premium Rentals (Beat), and Grab have downloaded the Grab app on their mobile
IA will also work with MOPFI to appoint advisers and disclose large investments by reputable Food. phones. – Translated
to carry out procurement, provide technical international firms that may be currently The company’s taxi service is popular and
support and invite international-standard tenders experiencing delays, through fast-track experiencing an increase of 10 percent in daily
for the projects. procedures. rides in 2019 from the previous year, and adding
IA is an initiative established by Enterprise more than 196,000 more precise location points
Singapore and the Monetary Authority of in the Grab application.
Singapore to play a mediation role to connect The number of businesses using Grab for
Asian governments with the relevant experts, Source: The Irrawaddy Business doubled in 2019, and the most popular Source: Myanmar Times
developers, professional services, technical and https://www.irrawaddy.com/news/burma/singapor destinations for rides were Myanmar Plaza, https://www.mmtimes.com/news/myanmar-
financing solutions, and building capabilities, as e-agency-help-myanmar-find-partners-key- Junction City, and Yangon Airport. aviation-sector-expected-become-profitable-
well as provide advisory services including infrastructure-projects.html Grab will expand its services to other key cities more-pain-ahead-first.html
31 May 2020
PwC PwC Myanmar Weekly Business Intelligence 17Infrastructure Other Infra
Financial and Business Infrastructure Policy and Regulation Tender Opportunities MIC Permitted Projects Upcoming Events
World Bank approves $350 million IDA credit to World Bank Group to focus on social inclusion and
improve Myanmar power generation conflict in its investments
27 May 2020 24 May 2020
The World Bank’s Board of Executive Directors using highly efficient technology, the project will The World Bank Group (WBG) new Country CPF commits continuing its lending operations in
has approved a $350 million credit from the help reduce greenhouse gas emissions per unit Partnership Framework 2020-23 proposes to use the core sectors like Health, Energy, Agriculture,
International Development Association (IDA) to of electricity produced and investments in the the lens of “social inclusion and peace” in its Education and Community Development and the
increase the output and efficiency of power power network will improve the system’s support to the country’s development agenda same would be reviewed to factor in COVID-19
generation and improve the resilience of preparedness against climate change and and lending portfolio. It also factors in its post- economic recovery. IFC has also committed to
Myanmar’s electricity system to climate change disasters. covid19 economic recovery plans and measures lending to their existing clients (companies)
and disasters, according to a press release. “Myanmar has the lowest electrification rate in announced by the government. affected by the outbreak of the pandemic and
The Board also approved $110 million in South East Asia with only 50 percent of Three focus areas that CPF identifies include; support to the financial institutions clients so that
additional financing for the Essential Health households connected to the public grid. This building human capital and fostering peaceful they can continue lending to micro, small and
Services Access Project, implemented project will help close the power supply gap in an communities; fostering private-sector led growth medium enterprises to preserve jobs and private
nationwide since 2015. affordable and environmentally sustainable way, and inclusive economic opportunities; and sector activity.
Myanmar needs to double its current installed thereby removing one of the key constraints to enhancing climate and disaster resilience and The CPF has been informed by systematic
power generation capacity over the next five to achieving Myanmar’s goal of universal electricity sustainable natural resource and environmental country diagnostic (SCD), learning review and
seven years to achieve universal electricity access by 2030,” said Mariam Sherman, World management. In its analysis WB acknowledges consultations with government and non
access by 2030. The Myanmar Power System Bank Country Director for Myanmar, Cambodia that “The crisis in Rakhine State, together with government (including CSOs, NGOs, private
Efficiency and Resilience Project will finance the and Lao PDR. intensified conflict in other states, poses a sector) stakeholders, MSDP goals of Myanmar.
upgrade to the Ywama gas-fired power plant, The Government of Myanmar adopted the serious threat to Myanmar’s goal of becoming "a The systematic country diagnostic exercise has
improving the availability and reliability of National Electrification Plan in 2014 to achieve peaceful and prosperous" nation”. identified inclusive growth, shared prosperity and
electricity services to consumers in the Yangon universal access to sustainable electricity Along with the already announced S$50 million sustainability as pathways for Myanmar’s
region. Investments in the power plant and in services by 2030, drawing on World Bank loan for the Myanmar COVID-19 Emergency development. And MSDP also identifies pace
transmission infrastructure will free-up electricity analytical support provided through the National Response Project to help the health sector, A and national reconciliation, human resource
supply in the rest of the country and will remove Electrification Project (NEP). grant of US$8 million of under the Pandemic development, economic stability, job creation,
capacity constraints to enable more households Emergency Financing Facility (PEF), has been private sector development, natural resources
to connect. Source: Mizzima News allocated to Myanmar to support surge response Source: Mizzima News
The project also contributes to Myanmar’s http://mizzima.com/article/world-bank-approves- in the health sector, with special attention on http://mizzima.com/article/world-bank-group-
climate change mitigation and adaption 350-million-ida-credit-improve-myanmar-power- benefiting the most vulnerable groups and focus-social-inclusion-and-conflict-its-
commitments under the Paris Agreement. By generation communities in conflict affected areas. investments
31 May 2020
PwC PwC Myanmar Weekly Business Intelligence 18You can also read
