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Our main problem was infrastructural. By the end 2018, we will have major infrastructural works completed and it is said that BD is going to achieve above 8% growth (even possibility of above 10% growth)

It's more than infrastructural. Poor infrastructure has never been a barrier to FDI. If anything foreign firms see it as an opportunity for organic growth. It's more of a social and cultural problem with BD I think. The business environment which is receptive to FDI doesn't exist.
 
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Our main problem was infrastructural. By the end 2018, we will have major infrastructural works completed and it is said that BD is going to achieve above 8% growth (even possibility of above 10% growth)


i wish that would happen :D

i think 10% growth is not such a piece of cake except very small economy.. bro.. no offence.. it could be.. u cant walk alone without FDI for this.. that's why may be ur PM is holding business confrence and forum now i think.. BD will need to attract multi-billions dollar FDI if u want to achieve up to 10% growth rate.. without FDI, BD will hard to meet even 7% growth rate if infrastuctural projects are completed. In here , India is trying to be production hub of Asia with its plenty of skilled labour and its FDI for first half of 2015 is USD$ 31B..

On topic.. it would be better if we can follow up the way BD reduce its poverty rate.. WB and IMF predicted Myanmar economy will stable at 8.7% till 2018.. considering GDP is almost US$ 100B.. long way to go to catch our neighbours... -_-

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Bell introduce its sale in Myanmar..

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i think 10% growth is not such a piece of cake except very small economy.. bro.. no offence.. it could be.. u cant walk alone without FDI for this.. that's why may be ur PM is holding business confrence and forum now i think.. BD will need to attract multi-billions dollar FDI if u want to achieve up to 10% growth rate.. without FDI, BD will hard to meet even 7% growth rate if infrastuctural projects are completed..

On topic.. it would be better if we can follow up the way BD reduce its poverty rate.. WB and IMF predicted Myanmar economy will stable at 8.7% till 2018.. considering GDP is almost US$ 100B.. long way to go to catch our neighbours... -_-
1. according to govt. new policy there are going to be 100 Exclusive economic zones for all investors.
2. yes it is hard to achieve 10% growth, according to world bank report that after completion of Padma bridge mega project, it will increase gdp growth by 2%. Our southern part totally under developed.
3. I tagged you in a post check that :pleasantry:
https://defence.pk/threads/what-are-you-listening-to-right-now-round-2.146915/page-442#post-8328617
 
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Myanmar to boost garment export to EU

http://www.shanghaidaily.com/article/article_xinhua.aspx?id=329243

Sumitomo JV to export Myanmar wooden furniture
http://www.mmtimes.com/index.php/business/20447-sumitomo-jv-to-export-myanmar-wooden-furniture.html

Thai firm signs 300MW solar deal
http://www.mmtimes.com/index.php/business/20424-thai-firm-signs-300mw-solar-deal.html
another solar plants will come to online this year too...
US-based ACO Investment Group invested US$480 million to build two 150MW solar plants near Mandalay.
Thailand’s Green Earth Power will spend $350 million on a 220MW plant in Magwe Region’s Minbu,
 
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Old news related to Russia..
Rostec completes the first stage of the iron smelting plant in Myanmar
The production operations will be based on the ROMELT process pioneered in Russia
rosmelt.jpg



Myanmar has seen the commissioning of the first stage of the iron and steel plant utilizing the ROMELT process originating from Russia. Once ramped up to the full capacity, it will produce up to 200 thousand tons of pig iron per annum.

The construction project is being run under the contract between the Myanmar Economic Corporation and VO Tyazhpromexport, a subsidiary of Rostec.

The formal ceremony was attended by Deputy Minister of Myanmar's Industry U Aung Mu, Ambassador Extraordinary and Plenipotentiary of the Russian Federation to the Republic of the Union of Myanmar Vasily Pospelov, Head of International Cooperation and Regional Policy at Rostec Viktor Kladov, Chief Executive Officer of Tyazhpromexport Grigory Volkenshtein.

"This is a crucial step in the plant project and in the development of cooperation between Russia and Myanmar in general”, said Viktor Kladov. “The Russian side is making good on its commitment to complete this facility on time and to a high level of workmanship. The test run of the furnace has proved the efficiency of the state-of-the-art ROMELT® technology that will be applied in Myanmar for the first time. We are positive that the successful completion of this project will win us awards to construct similar plants in other Asian countries. "

The pig iron plant construction project in the Republic of the Union of Myanmar is the first commercialization of the unique Russian ROMELT technology processing poor-quality-iron-ore without any pre-reduction step to get pig iron to market. It was originally tested at the Lipetsk-based Iron and Steel Plant and at a facility located in Kazakhstan. Pig iron will be used as feedstock to produce steel at the existing plant in Myingyan.

Pig iron will be sourced from low-grade-iron-ore with a maximum iron content of 29% available from the Pang Pet iron-ore body and from power-plant-grade coal confined to the Kye Thee field.

In addition to the primary product — pig iron — the ROMELT process delivers slag for commercial use (roads, buildings and installations) and electricity in quantities sufficient to export to the national power grid of Myanmar as well as to meet the process needs of the plant.

The pig iron plant construction project is an important social undertaking that will create thousands of new jobs. Burmese personnel are expected to be trained in Russia in future. In addition, the Burmese side has completed a manpower training university. Infrastructure development is underway: existing roads are being repaired, new roads are being built, high-voltage power lines have been installed and a gas pipeline will be laid in place over a more than 300-km-long-stretch.
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Russia's Rostec interested in supplying cars, helicopters to Myanmar

http://tass.ru/en/economy/876743
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Thilawa SEZ phase two nears completion


The second phase of a 2400-hectare special economic zone to the south of Yangon will be finished in July, with residential and commercial developments to follow, an official has said.

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A worker crosses an entrance to the Thilawa SEZ Zone A development.(Aung Htay Hlaing / The Myanmar Times)


The first phase of the 400-hectare Zone A was finished last September and the second phase is almost complete, said U Thein Han, chair of Myanmar Japan Thilawa Development (MJTD).

More than 85 percent of the land in Zone A has been reserved by 69 light-industry manufacturers from across the globe, he said. Of these, nine are already exporting their products, ranging from car parts to garments and electronic gadgets.

Twenty-seven companies are preparing to begin operations and 33 more are starting to build factories, U Thein Han added. The zone became commercially operational and was formally launched last September.

Once the second phase of Zone A is finished in July, a company called Thilawa Property Development will build residential and commercial components on 35 hectares, including dormitories for workers, shop-houses, offices and a shopping centre.

Public infrastructure, utilities and other facilities to support the factories still need to be built.

The project is a joint venture between Myanmar and Japan – each government has a 10 percent stake while a consortium of nine local companies called Myanmar Thilawa SEZ Holdings (MTSH) controls 41pc and a Japanese private-sector consortium controls the remaining 39pc.

MJTD is a special purpose company set up by the investors to develop and operate the project.

Zone A has created jobs for 2221 people and will create “at least” 40,000 jobs by 2018, according to a document filed by MTSH to the Yangon Stock Exchange earlier this month.

On May 20 MTSH became the second company to list on the exchange. After just three days of trading its share price had risen by 75pc to K70,000 yesterday.

The company will require more capital over the next two years to start work on Thilawa Zone B, said project director U Thurane Aung. The board has not yet decided whether to raise new capital by issuing new shares through the stock exchange or by taking out a loan, he said.

Construction of Zone B is due to start at the end of this year. It will include another industrial park on between 500 and 700 hectares, according to the MTSH document.

“Land selection, environmental impact assessment study and design are currently being carried out for the Zone B Project,” the document said.

“The development of the Zone B Project is still in its planning stages and there is no assurance that [it] … will materialise.”

Translation by San Layy

 
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FDI to Vietnam in 2015 is about 23 billion USD @Aung Zaya
Wooww.. really impressive bro... :D
we still need much to improve our infra and other supplies to attract... :D
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Myanmar to grow the fastest in Asia-Pacific this year

An economic growth spurt ahead in Myanmar despite a stormy 2015

Yangon (Image credit: Grace Farson Blog)


It seems to be clear skies ahead for Myanmar’s economy, which is still riding high on recent reforms that has democratised society and eased international sanctions.


In its latest Asian Development Outlook report,
Asian Development Bank expects Myanmar’s economy to grow by 8.4 percent over the year, outpacing other countries in Asia and the Pacific.


This remarkable growth is coming from an especially challenging year marked by a monsoon season that ravaged “one-fifth of all cultivated land,” ADB reported.



ADB acknowledged that the economy is “narrowly based,” its growth attendant on “natural resource exports, construction, and tourism.”



Tourist arrivals in 2015 shot to 4.7 million, while tourist spending grew 19 percent to USD2.1 billion. Garment exports went up 28 percent to USD2 billion.



More: PropertyGuru taps ShweProperty.com for an exclusive partnership in Myanmar


The Directorate of Investments and Company Administration revealed that foreign direct investments
reached USD9.4 billion over the past year, per The Nation, with more than USD3 billion going to the real estate sector.


Myanmar’s GDP has not dipped below 6 percent since 2012. Aung San Suu Kyi’s National League for Democracy party swept a partly free election that year under a nominally civilian government, encouraging Western nations to lift sanctions.



Suu Kyi’s long-time confidante
Htin Kyaw took oath in March as the country’s first civilian president, stoking investor interest from ASEAN countries and further afield.


Myanmar stopped short of its economic potential last year though. Intense flooding over a three-month period, exacerbated by cyclone Komen, set the economy back by USD1.5 billion or 3 percent of the country’s GDP, according to ADB.



Despite this setback, Myanmar is ready to welcome an influx of foreign investors and experts at the first
Property Report Congress Myanmar, which be hosted by PropertyGuru next month in Yangon. At the top of the agenda will be a local real estate outlook in the current economic climate, and discussion on how to build a mortgage market.
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CH-3 drone spotted in Myanmar

China’s armed CH-3 drone was spotted in Myanmar when preparing to fly. Myanmar to buy undisclosed number of new Chinese CH-3 UAVs developed by China Academy of Aerospace Aerodynamics of China Aerospace Science and Technology Corporation (CASC), also known as the 11th Academy of CASC.

The CH-3 is a fixed wing unmanned combat aerial vehicle (UCAV), also known as a combat drone or drone. At the rear of the fuselage is the engine installation which drives a three-bladed propeller unit in a “pusher” arrangement. Specifications include a wingspan of 8 meters while performance displays a 12-hour endurance window with a payload maximum of 80 kilograms. Range is 2,400 kilometers.

China’s CH-3 drone, which made its debut at the 2008 Zhuhai Air Show, can reportedly carry two laser-guided AR-1 air-to-ground missiles, similar to the U.S. Hellfire missile.

The CH-3 is operated by the Armed Forces of Nigeria, Pakistan and Myanmar .
IMG_3489.JPG

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CH-3 drone spotted in Myanmar

China’s armed CH-3 drone was spotted in Myanmar when preparing to fly. Myanmar to buy undisclosed number of new Chinese CH-3 UAVs developed by China Academy of Aerospace Aerodynamics of China Aerospace Science and Technology Corporation (CASC), also known as the 11th Academy of CASC.

The CH-3 is a fixed wing unmanned combat aerial vehicle (UCAV), also known as a combat drone or drone. At the rear of the fuselage is the engine installation which drives a three-bladed propeller unit in a “pusher” arrangement. Specifications include a wingspan of 8 meters while performance displays a 12-hour endurance window with a payload maximum of 80 kilograms. Range is 2,400 kilometers.

China’s CH-3 drone, which made its debut at the 2008 Zhuhai Air Show, can reportedly carry two laser-guided AR-1 air-to-ground missiles, similar to the U.S. Hellfire missile.

The CH-3 is operated by the Armed Forces of Nigeria, Pakistan and Myanmar .
View attachment 308164
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CH-3 payload shall be more than 80kg. One AR-1 missile weights 50kg and able to load 2. True spec is around 120kg - 140kg payload.
 
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FDI to Vietnam Jan - May 2016 ( 5 months ) at 10 billion
I believe Myanmar would get better than Vietnam, because you have the great leadership.

Wooww.. really impressive bro... :D
we still need much to improve our infra and other supplies to attract... :D
======================================================================================
Myanmar to grow the fastest in Asia-Pacific this year

An economic growth spurt ahead in Myanmar despite a stormy 2015

Yangon (Image credit: Grace Farson Blog)



It seems to be clear skies ahead for Myanmar’s economy, which is still riding high on recent reforms that has democratised society and eased international sanctions.



In its latest Asian Development Outlook report, Asian Development Bank expects Myanmar’s economy to grow by 8.4 percent over the year, outpacing other countries in Asia and the Pacific.


This remarkable growth is coming from an especially challenging year marked by a monsoon season that ravaged “one-fifth of all cultivated land,” ADB reported.


ADB acknowledged that the economy is “narrowly based,” its growth attendant on “natural resource exports, construction, and tourism.”


Tourist arrivals in 2015 shot to 4.7 million, while tourist spending grew 19 percent to USD2.1 billion. Garment exports went up 28 percent to USD2 billion.


More: PropertyGuru taps ShweProperty.com for an exclusive partnership in Myanmar


The Directorate of Investments and Company Administration revealed that foreign direct investments reached USD9.4 billion over the past year, per The Nation, with more than USD3 billion going to the real estate sector.


Myanmar’s GDP has not dipped below 6 percent since 2012. Aung San Suu Kyi’s National League for Democracy party swept a partly free election that year under a nominally civilian government, encouraging Western nations to lift sanctions.


Suu Kyi’s long-time confidante Htin Kyaw took oath in March as the country’s first civilian president, stoking investor interest from ASEAN countries and further afield.


Myanmar stopped short of its economic potential last year though. Intense flooding over a three-month period, exacerbated by cyclone Komen, set the economy back by USD1.5 billion or 3 percent of the country’s GDP, according to ADB.


Despite this setback, Myanmar is ready to welcome an influx of foreign investors and experts at the first Property Report Congress Myanmar, which be hosted by PropertyGuru next month in Yangon. At the top of the agenda will be a local real estate outlook in the current economic climate, and discussion on how to build a mortgage market.
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CH-3 payload shall be more than 80kg. One AR-1 missile weights 50kg and able to load 2. True spec is around 120kg - 140kg payload.
may be take this for CH-3...
According to wiki..
CH-3 payload - 80 Kg
CH-3A payload - 180 Kg max
our version is CH-3A.. it must be over 80kg... bro

And how about it's range.. dont u think 2400km is too much for CH-3A..? In wiki it has just 960km...

FDI to Vietnam Jan - May 2016 ( 5 months ) at 10 billion
I believe Myanmar would get better than Vietnam, because you have the great leadership.
that figure is even more than 9.45B of Myanmar for 2015-2016 FY... :D
hope to be so...bro.. but we do more to grow and to catch with our ASEAN brothers...
 
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may be take this for CH-3...
According to wiki..
CH-3 payload - 80 Kg
CH-3A payload - 180 Kg max
our version is CH-3A.. it must be over 80kg... bro

And how about it's range.. dont u think 2400km is too much for CH-3A..? In wiki it has just 960km...
With GPS/ Beidou II , it can operate very far from mother control station but it's can be easily jam or intercepted. I think the 960km is quote without using GPS/Beidou II.
 
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With GPS/ Beidou II , it can operate very far from mother control station but it's can be easily jam or intercepted. I think the 960km is quote without using GPS/Beidou II.
960km is still ok for us... bro.. so if we can use GPS , CH-3A can go far from control center... but considering about it 6-8 hr endurance , around 1000km is at its best., i think....
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Strengthening Russia-Myanmar Cooperation in Education
Created on 19 March 2015
A Comprehensive conference designated to facilitate the bilateral educational cooperation between the Russian Federation and ASEAN countries was held at Moscow State University of Economics, Statistics, and Informatics on 4th of February. Representatives from ASEAN countries’ and Russian universities participated actively in the conference which was aimed at determining concrete measures to accelerate the entry of the educational contracts containing a special mechanism to promote the relationship between two regions. The success of the conference was reflected to the fact that the countries from ASEAN organization have now signed the agreements on student exchange programs to cooperate with the Russian Federation. Apart from the cooperation between two regions, an internship student representing ASEAN Center at MGIMO University made a brief overview of the long-lasting and fast-developing Russia-Myanmar relations, which are marked with cooperation and correspond to the strategic interests of the states.

The diplomatic relationships between Russia and Myanmar intensified in 1967, after Russia once vetoed a UN Security council resolution designed to impose sanctions against Myanmar. Since then, Myanmar-Russia collaboration has extended to various sectors including economy, education and military training without hostility and suspicion.

As it is universally acknowledged, in the 21st century investing in education and upgrading skills is a key driver of economic growth especially for the developing nations. In compliance with this widespread belief, Russia and Myanmar, these two remarkable nations, have built bilateral relations in educational sector. In return, nowadays the relations have dramatically revitalized and resulted in producing technologists, experts and specialists for both countries.

The cooperation began with a student exchange program, the project which was under direct responsibility of the Ministries of Education. In 1972, twelve Myanmar students were sent to Moscow State University and six Russian students came to Rangoon University to study multicultural courses and technological sciences. More than 300 Myanmar students in 2000 and 600 students in 2004 started their studies at different universities in Moscow. Since then, more than 4000 (MSc, PhD and DSc) Myanmar experts in academic filed have graduated from various Russian universities. Around 2000 Myanmar students are currently studying in Russia. As for the Russian Federation, thirty Russian students were sent to study in the Government Technological Universities and a Russian Language Department is established in the Universities of Foreign languages in Rangoon and Mandalay.

Moreover, a teacher exchange program is expected to be launched in early 2016 according to the agreements which were negotiated during the visit of the Russian Prime Minister to Myanmar in November 2014.

Expenditure costs also play a very important role in collaboration between two regions. Within these 40 years of cooperation, Myanmar government has spent more than 150 million dollars on students in Russia and more than 50 million dollars to integrate the educational system in Myanmar. As for the Russian government, the country has spent more than 100 million dollars for infrastructure building in education. For instance, the Government Technological University in Rangoon and the Main Library of Mandalay Technological Institute were built under the budget authorization of the Russian government.

When the bilateral collaboration came into reality, the results proved out to be much more significant than expected. Nowadays, new study programs in oil and gas, computer sciences, social work, market economy, and tourism were expanded and developed in the universities of Myanmar. More surprisingly, a group of DSc and PhD students who graduated in Russia are currently trying to establish the very first institute of aviation in Myanmar after they had conducted a lot of productive researches, including the invention of 1st Robot Drone in the country in 2012. Furthermore, Myanmar now has adopted new courses in Russian language, which students can study at the universities of foreign languages in Rangoon and Mandalay.

hope to see a lot improvement in defense industry with this human resource trained by Russia...
@alaungphaya @tarpitz
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Today Commander-in-Chief of Defense Service Senior General Min Aung Hlaing awarded 3 officers who got their Doctorate from Russian Famous Universities..

Maj Ye Zaw Htwe : Doctor of Chemical Science MUCTR(D.I Mendeleyev University of Chemical Technology of Russia)

Maj Tin Phone Kyaw : Doctor of Technical Science :MAI( Moscow Aviation Institute)

Maj Hein Win Zaw : Doctor of Design Construction & Manufacture of Aircraft : MATI(Russian State University of Aviation Technology)

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960km is still ok for us... bro.. so if we can use GPS , CH-3A can go far from control center... but considering about it 6-8 hr endurance , around 1000km is at its best., i think....
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Why you don't take a look at this drone by Vietnam ?
may-bay-trinh-sat-viet-nam-se-giam-sat-bien-dong_3111774.jpg


Vietnam Produces Long-Range UAV to Serve National Security
(Source: Xinhua news; published December 11, 2015)
HANOI --- The Vietnam Academy of Science and Technology has successfully developed a long-range unmanned aerial vehicle (UAV) with equipment for scientific research and electronic reconnaissance to serve national security, local media reported Friday.

Vietnam is now capable of manufacturing long-range UAV to serve the country's socio-economic development and contribute to safeguarding national security, Pham Ngoc Lang, head of the UAV research project at the academy was quoted by local Thanh Nien (Young People) online newspaper as saying.

The UAV is designed with a wingspan of 22 meters and load capacity of 1350 kilograms. It can fly for 35 hours with fly range of over 4000 kilometers.

Earlier in 2013, the academy announced its successful tests of five short-and-medium-range UAV models with 253 successful trial flights.

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23 December 2015
main_p1646375.jpg
V
Vietnam’s new HS-6L UAV, which has 22 m wingspan and an endurance of 35 hours, will greatly improve Vietnam’s surveillance capabilities. Source: Via Top81 web page

Vietnamese television and other media reports have revealed Vietnam’s largest indigenous high-altitude long-endurance (HALE) unmanned aerial vehicle (UAV) to date, indicating that it will eventually perform civil and military missions over the South China Sea.

Reports from 10 and 11 December 2015 state that the new HS-6L HALE UAV is a product of Vietnam’s Academy of Science and Industry and Ministry of Public Security. The twin-boom-configured HS-6L has a 22 m wingspan, a range of 4,000 km, an endurance of 35 hours, and is powered by a Rotax 914 engine.

The prototype was completed on 1 November 2015 and reports note that it will conduct flight testing over the South China Sea during the second quarter of 2016.

While its payload size has not been revealed, the HS-6L will reportedly carry optical and radar surveillance systems. In size, endurance and configuration, it is roughly in the same class as the Israeli Aerospace Industries Heron UAV.

p1646376.jpg


A view along the wingspan of Vietnam’s new HS-6L HALE UAV. (Via Top81 web page)

However, it is likely that design assistance for the HS-6L came from Belarus. Vietnamese media reports noted the UAV unveiling coincided with a visit of the chairman of the Presidium of the Belarus Academy of Science: Professor Vladimir G Gusakov.

In November 2014 IHS Jane’s reported that Vietnam was purchasing the 5.7-m wingspan Belarus 558 Aviation Repair Plant Grif-K UAV. This features a lightweight composite body and a twin-boom configuration similar to that of the larger HS-6L.

Copyright © 2015 IHS. All rights reserved.

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images1622631_D_ng_c__chiec_HS_6L.jpg

HS-6L is equipped with a Rotax 914 engine – the same engine with General Atomics MQ-1 Predator UAV sample of Americans.

Unmanned aerial vehicle HS-6L has a wingspan of 22m, is equipped with a Rotax 914 engine – the same engine with General Atomics MQ-1 Predator UAV sample of Americans, range (itinerary) 4.000km long operating time continuous 35 hours, using satellite navigation systems and carry reconnaissance cameras, radars.

Rotax 914 engine is 4-stroke, 4-cylinder components, cooling water or air, have increased pressure turbine BRP-Powertrain as the company (Austria) production. These engines are currently used in dozens of different UAVs worldwide, but more prominent is General Atomics MQ-1 Predator UAV, once the US Air Force and the US Central Intelligence Agency (CIA) using very Success in the fight against terrorism in Afghanistan and Pakistan.
 
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