Hong Kong companies looking for an alternative manufacturing base in Myanmar should take note that many factories in the country use groundwater due to a lack of reliable water supply, thus creating subsidence risks. Besides, some factories have not installed proper waste water systems and this could pose considerable risks for factory production. 40 that even came with a 90-day warranty; it has been six months and I’ve yet to have a problem with it. Before 2012, the whole process could take from six months to a year. On the bright side, given proper training and operational enhancement, labour productivity of Myanmar workers can reach 70%-80% of Chinese workers after several months of training. This is because the development of the steel pipe industry reliability requirements are high, spiral steel pipe manufacturer itself can not overcome its shortcomings, making it difficult to meet the objective requirements of the development. In discussing the fundamentals of determining the expected net cash increment of a project, it is our objective to arrive at an understanding of its use as a tool for evaluating the feasibility of a venture. There are two main reasons for this. Myanmar is located between two of the biggest emerging markets in the world, that is, China and India, while bordering three other Asian countries, namely Bangladesh, Thailand and Laos.

While Myanmar has dedicated much effort in improving its transport links in the past years, there is, nevertheless, still a significant development gap, as well as contrasted logistics performance between the country and other ASEAN members. As a result, real estate prices have soared with local landlords significantly hiking prices due to speculation, or in anticipation of more investments coming into the country. In Yangon, water supply facilities have not been sufficiently developed to catch up with the growth of water demand due to the rapid economic development in recent years. Due to the global recession and the decommission of several mines in China, it is expected that the total coal production in 2010 will be a little lower. Interviews conducted by HKTDC Research in the country indicated that garment producers recognised that Myanmar’s labour productivity is about 50-70% of China, and lagging behind Vietnam and Bangladesh. Furthermore, Myanmar enjoys one of the highest literacy rates in Southeast Asia, which creates a very favourable setting for the country to transform from one once dependent predominantly on agriculture to a modern economy driven by both industry and services.

During HKTDC Research’s fact-finding trip in Myanmar, both government departments and private companies that we met were invariably quite optimistic about the future economy prospects of the country. To fast-track development, private investors are being invited to bid for different infrastructure projects. 24 billion, will be implemented through a Build-Operate-Transfer (BOT) arrangement between the city government and private companies. Smooth government transition in April 2016 affirms a continuation of Myanmar’s reform policy, boding well for its manufacturing sector. With an aim to speed up economic transition from agriculture to industry and services, the Myanmar government under ex-President Thein Sein adopted export- and FDI-led development strategies by creating a positive business environment for investors. This article sets out to examine Myanmar’s continual transition from an agrarian economy to one increasingly dependent on growth of its manufacturing and services sectors. There are wells installed in the area and sometimes more than one well is formed for proper extraction of oils. Reflecting the government emphasis on building up the industry sector to aid GDP growth and create more jobs, investment flows are showing signs of shifting from energy and mining into manufacturing and services.

Doing this ahead will save yourself a great deal of energy and time. However, as many of these projects are in planning or construction stages, it is expected that power shortage will remain a potential concern for manufacturers aiming to set up a production base in Myanmar for the time being. We also shouldn’t overlook the appeal (or lack of appeal) to young people of working in the oil and gas industry as a factor in the skills shortage. Three-digit billions in sales per year are not uncommon in the oil and gas industry. Myanmar is endowed with abundant water resources, though problems arise from their uneven distribution in relation to the regions as well as the time of the year. That’s why it is suggested to eliminate the idling sitting time of your automobile. Methane is a powerful greenhouse gas, with a global warming potential that is far greater than that of carbon dioxide, particularly over the time horizon of the first few decades following emission.

Political and business optimism aside, it always pays to be patient while awaiting new economic initiatives to be introduced by the new government, which is committed to further economic reforms in the first 100 days of its tenure. The first hydrogen fueling station for hydrogen powered vehicles was opened in Iceland in 2003. Its purpose is to fill three buses built by DaimlerChrystler for public transportation. There are three major terminal operators in Yangon, namely, Asia World Port Authority Terminal, Myanmar Industrial Port and Myanmar International Terminal Thilawa, the latter is run by HPH and located some 25 km away from Yangon Downturn. In terms of the supply of knowledge workers, Myanmar also needs to develop talented people with advanced expertise in management or technical knowledge that meet international standards. In terms of sea transport, Yangon is the main shipping port, which handles more than 90% of the country’s total imports and exports.