Professional Documents
Culture Documents
Screenshot 2020-02-26 at 2.18.18 PM PDF
Screenshot 2020-02-26 at 2.18.18 PM PDF
Vol. VI, No. 315, 4 th Waxing of Tabaung 1381 ME www.globalnewlightofmyanmar.com Wednesday, 26 February 2020
S
TATE Counsellor Daw Aung San Suu Kyi, souls. Such practice can start in such a mass gath-
in her capacity as the Chairperson of the ering. We should consider not only for the sake of
Central Committee for Development of ourselves but also for the sake of others. Only then
Border Areas and National Races, met can we make progress.
with the local people in Myawady and Hlaingbwe If we want to build a qualified country, first we
townships in in Kayin State on yesterday. should qualify ourselves. Otherwise, you have not
During the visit, she was accompanied by Un- qualified yourselves but if you criticize others for
ion Ministers Lt-Gen Soe Htut, Lt-Gen Ye Aung, lacking the qualifications, that would be a verbal act
Thura U Aung Ko, Dr Aung Thu, U Ohn Win, Dr of inconsistency. So what I want our people to do
Myint Htwe and Dr Win Myat Aye; Deputy Minister everyday is think about our country, what is your
U Hla Maw Oo, Chief of Myanmar Police Force contribution towards the benefits of our country,
Police Lt-Gen Aung Win Oo and officials. and review over what you have done, what you
They left Mawlamyine for Kawkareik Township, need to do.
Kayin State, by helicopters in the morning, and Well, some people might respond that we are
proceeded to Myawady Township where the State nothing to do with politics. But every deed, every
Counsellor held a public meeting at Mya Sandi Park. action of every individual is related to the country we
At the meeting, the State Counsellor said, live in. If you are a student, and if you have learned
“Wherever I go all over the country, I usually make and fulfilled your learning goals, then you are a
arrangements to meet our people personally. It is dutiful citizen. If you are a shopkeeper, and if you
the people’s collaboration that makes such mass make your business transactions at fair prices and
gatherings a success. Of course, in order to get the correct practices, you are contributing towards the
collaboration of the people, discipline is a necessity. progress of the country. Every individual acting in
In fact, if we want our country to make advanc- such a way as would promote his or her reputation
es, we should cultivate in each and every individual and integrity is doing good for the country.
heart empathy and sympathy towards the weaker SEE PAGE-3
State Counsellor Daw Aung San Suu Kyi delivers the speech at the meeting with local people in Myawady. PHOTO: MNA
INSIDE TODAY
Pyidaungsu Hluttaw
SENIOR EDITOR
Aungthu Ya
SENIOR TRANSLATORS
Zaw Htet Oo
Aung Khin
INTERNATIONAL NEWS EDITOR
Ye Htut Tin,
editor1@globalnewlightofmyanmar.com
TRANSLATORS
Hay Mar Tin Win,
Ei Myat Mon
Kyaw Zin Lin Pyidaungsu Hluttaw Speaker U T Khun Myat addresses the Myanmar Parliamentary Union (MPU) Meeting 1/2020 in Nay Pyi Taw. PHOTO: MNA
Kyaw Zin Tun
REPORTER MYANMAR Parliamentary Un- coordination among the Region/ importance of parliaments mentary matters and the diffi-
Nyein Nyein Ei,
ion-MPU held its first meeting State Hluttaws and between Un- that needs to be strong in the culties of each parliaments.
reporter1@globalnewlightofmyanmar.com
in 2020 at the meeting hall of ion level Hluttaws and Region/ country’s democratic reform Director-General of Py-
PHOTOGRAPHER Hluttaw’s Zabuthiri Building in State Hluttaws after the Myan- process. idaungsu Hluttaw Office and
Kyaw Zeya Win @ Phoe Khwar Nay Pyi Taw yesterday. mar Parliamentary Union Law That was followed by Secre- head of the office of the MPU,
Kyaw Zeya
Speaking at the meeting, was ratified. tary of MPU, Pyidaungsu Hlut- also reported the affairs of offic-
COMPUTER TEAM
MPU Chairman, Pyidaungsu Afterwards, Deputy Chair- taw Deputy Speaker U Tun Tun es and staff of the Region/State
Thein Ngwe, Zaw Zaw Aung, Hluttaw Speaker U T Khun man of MPU, Amyotha Hlut- Hein, explaining the decisions Hluttaws.
Hnin Pwint, Kay Khaing Win, Myat, said respective Hluttaws taw Speaker Mahn Win Khaing made at MPU Meeting 1/2019 The meeting came into
Sanda Hnin, Thein Htwe, are believed to be implementing Than, said the purpose of the and the condition of parliamen- conclusion after the Chairman
Nyi Lin Thu
the tasks that should be com- establishment of the MPU was tary processes. of the MPU made a remark.
EDITORIAL SECTION pleted in this term. to strengthen parliaments and Chairpersons and deputy — MNA
(+95) (01)8604529, He added that the MPU be- solve the parliamentary issues chairpersons of Region/State
Fax — (+95) (01) 8604305 came an institution with better together. He also stressed the Hluttaws reported their parlia- (Translated by Kyaw Zin Tun)
Firm commitment Foreign Assistance to Technical and Vocational Education Objectives of the 75th
key to protect and Training in Myanmar anniversary of the Armed
Forces Day
victims, vulnerable
By Lokethar
S
TATE Counsellor Daw itized in the NESP. There are a vast skilled and advanced skilled work- (1) Uphold our three main national causes: Non-disintegration
migrants in IDPs
Aung San Suu Kyi at her number of young school dropouts er to Supervisor cum Technician of the Union, non-disintegration of national solidarity, and
meetings with the people of low educational attainment, es- in the form of short courses linked perpetuation of national sovereignty as a national duty,
all over the country, has pecially in the rural areas who vertically to each other; with work to serve the country at the risk of our lives
been urging young people to take are unskilled and underemployed. experience interspersed between (2) Participate in the peace-making process with the State
up vocational training to learn a Government under the six-point peace policy of the
D
Providing opportunities for them each level. Such skills training con-
ESPITE efforts being taken to fight human trafficking, trade or occupation which will bet- to attend Short Modular Courses tributes to the practical acquisition Tatmadaw as part of efforts to gain eternal peace
in accordance with the 2005 Anti-Human Trafficking ter enable them to get employ- , as described in the TVET Strat- of occupational skills. The Occu- (3) Guard peace and stability and protect the interests of
Law, trafficking-in-persons cases have not declined ment and a means of livelihood for egy, will help such young people pational Competency Standards the people; build a modern, strong, and capable army
significantly year by year. themselves and their families. She to progressively acquire the skills developed are based on ASEAN (4) Safeguard the fine traditions of the Tatmadaw which has
Trafficking is occurring in different forms — from ex- has also pointed out the important of their chosen occupation. and international standards and been dutiful in discharging State and national political
ploitation of internal migrants and migrants crossing the role of TVET and the need to fur- For that matter the National hence are also conducive to the duties
border, and from sexual exploitation to forced marriage in ther develop TVET in her “Fore- Skills Standards Authority (NSSA) mobility throughout ASEAN, of
neighboring countries. word” to the National Education of the Ministry of Labour, Immi- the skilled workers trained on the
Now is the time for the Strategic Plan – which covers all gration and Population has been basis of these Standards.
country, which is grappling areas of Education including Vo- developing Occupational Skills It would contribute much to Myanmar Gazette
We are
Appointment of Permanent
with internal armed conflict cational and Technical Education. Standards at four levels targeted the quality assurance of the Short
confident that and natural disasters, to In line with the NESP, the Ministry
Regional Technical and Vocational Education and Training—2017 held in Nay Pyi Taw.
at conducting the whole course TVET courses if the OCS were
implementing
strengthen the protection
of victims (VOTs) and vul-
of Education has been exerting
efforts to upgrade the TVET sys- and the “Non-formal” education Strategies in the NESP relating
from less skilled worker through to be used by all the TVET Fa-
cilities whether in the “Formal” Secretary
nerable migrants (VMs) in tem to deliver quality Technical systems comprising of the TVET to the area of TVET, is to expand or “Non-formal “ TVET system, The Union Government has appointed U Hla Htay,
the project camps for internally dis- Vocational Education and Training Institutions under the MOE, all access to TVET for various target Providing opportunities for them to both by Public and Private Sector, Director-General of the Constitutional Tribunal of the
for vulnerable placed persons (IDPs). for producing capable and com- Vocational and Skills Development groups including disadvantaged throughout Myanmar. Union, as Permanent Secretary of the same office.
migrants would
It is our national duty
to support and protect
petent Technicians and Skilled
workers needed in all sectors of
programs and Institutions under
other concerned Ministries as well
populations and people with dis-
abilities. The Program Compo-
attend Short Modular Courses , as Perhaps the contributions
of the donor countries to the de-
IDP camps police, which are playing assistance to upgrade it’s TVET as private sector TVET Centres Strategy and Program Compo- sively acquire the skills of their cho- gic Plan and tied to Occupational Myanmar Daily Weather Report
an essential role in fighting system. according to priority needs. nent, regarding the conducting of Competency Standards developed (Issued at 7:00 pm Tuesday 25th February, 2020)
and helping and protecting people from The TVET Sector in Myan- Such aid and assistance Short Modular Courses for skilled sen occupation. by NSSA formed under the 2013
crimes against humanity. mar, according to the National Ed- should be aligned to the Goals of occupations training for disadvan- Employment and Skills Develop- BAY INFERENCE: Weather is a few cloud over the Andaman
the internally It is worth noting that ucation Law, spans both “Formal” the TVET in the NESP. One of the taged populations has been prior- ment Law. Sea and Southeast Bay and partly cloudy elsewhere over the
displaced return the Ministry of Social Wel-
fare, Relief and Resettle-
Bay of Bengal.
2. With orders from the Office of the President, the Drug Activity Special Complaint Department relayed information on reports on drug-related offenses up to 22 Feb-
ruary 2020 to the Ministry of Home Affairs to take action, as displayed below:
7. Information received Police have opened three cases and arrested three
Sr Nature of report Details on seizure and legal action taken
of some people distrib- men together with stimulant tablets in the previous
1 Information received of On 16 February 2020, police searched the house of uting and selling illegal weeks.
Khin Maung Win who Khin Maung Win, 49, son of U Pwar Aung, who lives drugs in Anawyahta 1,
lives in Tatkon Village, in Tatkon Village, Mawlaik Township, and arrested 2, 3, 4 and 5 streets in Acting on a tip-off, police arrested Nyein Chan Min,
Mawlaik Township, him together with ‘88/1’ stimulant tablets. Aungthukha Ward, Kaw- 17, son of U Zaw Min Lat, who lives in Hninsi 1st
Sagaing Region, distrib- A case has been opened against him with MaMaSa thoung Tsp, Taninthayi Street, on the Anawyahta 1 street, Aungthukha Ward,
uting and selling illegal (Mawlaik)MaYa(pa)8/2020 under Section 16(c) of the Region. Kawthoung Township, together with ‘WY’ stimulant
drugs. Narcotic Drugs and Psychotropic Substances Law. tablets on 21 February 2020,
2 Information received On 16 February 2020, police searched the house of A case has been opened against him with MaMaSa
of Tun Tun who lives in Tun Tun, 45, son of U Aung Thaung, who lives in (Kawthoung)MaYa(pa)25/2020 under Section 19(a)
Tatkon Village, Mawlaik Tatkon Village, Mawlaik Township, and arrested him and 20(a) of the Narcotic Drugs and Psychotropic
Township, Sagaing Re- together with ‘88/1’ stimulant tablets. Substances Law.
gion, distributing and A case has been opened against him with MaMaSa Police arrested Aung Ko Lat (a) Angelay, 23, son of
selling illegal drugs. (Mawlaik)MaYa(pa)9/2020 under Section 19(a) and Win Shwe, who lives in Shwewahtun 2 Street, on the
20(a) of the Narcotic Drugs and Psychotropic Sub- Anawyahta 1 street, Aungthukha Ward, Kawthoung
stances Law. Township, together with ‘WY’ stimulant tablets.
Acting on a tip-off, he bought the drugs from Nyein
3 Information received On 19 February 2020, police searched the house of Chan Min.
of Gadon who lives Gadon (a) Kyaw Kyaw Aung, 24, son of U Than Tun, A case has been opened against them with MaMaSa
in Naungpat Village, who lives in Naungpat Village, Bamauk Township, (Kawthoung)MaYa(pa)26/2020 under Section 16(c)
Bamauk Township, and arrested him and Kan Htoo (a) Kan Maung, 31, and 21 of the Narcotic Drugs and Psychotropic Sub-
Sagaing Region, distrib- son of U Aung Sein, who lives in the same village, stances Law.
uting and selling illegal together with heroin.
8. Information received of On 22 February 2020, police arrested Kyaw Min Tun
drugs. A case has been opened against them with NaMaSa
Kyaw Min Tun who lives (a) Reedwarn, 20, son of U Myo Min Tun (a) Bala,
(Mansigyi)MaYa(pa)8/2020 under Section 16(c) and
in Kantawlay Ward, Min- who lives in Kantawlay Ward, Mingala Taungnyunt
21 of the Narcotic Drugs and Psychotropic Sub-
gala Taungnyunt Town- Township, together with ‘WY’ stimulant tablets at
stances Law.
ship, Yangon Region, the corner of Mahabandula Road and 32nd Street,
4 Information received On 19 February 2020, police searched the house distributing and selling Pabedan Township.
of Soe Myint who lives of Soe Myint, 41, son of U Aung Thein, who lives illegal drugs. A case has been opened against him with MaMaSa
in Thayaung Village, in Thayaung Village, Phaungpyin Township and (Pabedan)MaYa(pa)5/2020 under Section 16(c) of the
Phaungpyin Township, arrested him together with heroin. Narcotic Drugs and Psychotropic Substances Law.
Sagaing Region, distrib- A case has been opened against him with MaMaSa
uting and selling illegal (Phaungpyin)MaYa(pa)27/2020 under Section 16(c)
drugs. of the Narcotic Drugs and Psychotropic Substances 3. Out of the information sent to the Drug Activity Special Complaint Depart-
Law. ment, so far a total of 990 cases have been opened files as of 22 February 2020.
A total of 1,525 people, including 1,273 men and 252 women had been arrested
with 7,650.8814g of heroin, 1,347.42 g of ICE, 40,339.02166 g of opium, 661.27 g of
5 Information received of On 21 February 2020, police searched the house of
low-quality opium, 53,242.76 g of speciosa powder, 12097.32 g of speciosa, 2.5 liters
Myint Ko who lives in Myint Ko, 45, son of U Aung Than, who lives in Tema
of liquid speciosa, 503,639 stimulant tablets, 10,311.42 g of marijuana, 0.1 liters of
Tema Village, Phaung- Village, Phaungpyin Township and arrested him
opium tincture, 520.28 g of opium blocks, 60 g of poppy seeds, 55.45 g of crushed
pyin Township, Sagaing together with heroin.
stimulant tablet powder, 0.001 g of crushed ecstasy powder, 24 firearms, different
Region, distributing and A case has been opened against him with MaMaSa
kinds of 609 cartridges and one grenade. Efforts for fighting the drug trafficking
selling illegal drugs. (Phaungpyin)MaYa(pa)32/2020 under Section 19(a)
has been stepped up and the department will report on further exposed cases.
of the Narcotic Drugs and Psychotropic Substances
Law.
4. To seize further drugs and to arrest drugs dealers, people are urged to inform
6 Information received of On 20 February 2020, police searched the house of the Ministry of Home Affairs, region and state governments and to inform huge
Daw Nyo Nyo Win who Daw Nyo Nyo Win, 32, daughter of U Ba Tin, who lives cases of drug trafficking and other suspicious cases directly to the Drug Activ-
lives in Pankauk Vil- in Pankauk Village, Mingin Township and arrested ity Special Complaint Department of the Office of the President via following
lage, Mingin Township, her together with heroin. contact numbers:
Sagaing Region, distrib- A case has been opened against her with NaMaSa Contacts
uting and selling illegal (Maukkataw)MaYa(pa)1/2020 under Section 16(c) of Landline No. — 067-590200
drugs. the Narcotic Drugs and Psychotropic Substances Fax Phone No. — 067-590233
Law. Email Address — antinarcotics@presidentoffice.gov.mm
Call Thin Thin May, 09251022355,09974424848 Circulation order is easier way. 09-974424114
26 FEBRUARY 2020
THE GLOBAL NEW LIGHT OF MYANMAR LOCAL BUSINESS 11
Early harvested durian fetches good price in Foreigners can start trading
Thuwunnawadi in Mon State, low yield expected on YSX in March: SECM
THE Securities and Exchange participation in the stock market,
Commission of Myanmar (SECM) offering insights into experienc-
will allow foreigners to invest in es of other developing countries.
the local equity market from next He also highlighted how foreign
month. participation would entail better
“Regarding foreign capital inflows, long term and sus-
participation on the YSX, they tainable investment, encourage
will be allowed to start trading good corporate governance, and
shares on the YSX by March, and support market orientation, and
the details on foreign trades on then discussed YSX trends.
the exchange will be announced In accordance with Section
next month,” said an official from 42 (a) of the Securities and Ex-
the YSX. change Law and Section 4 of the
The Securities and Exchange Trading Participant Business
Commission of Myanmar, under Regulations, the YSX has grant-
the Ministry of Planning, Finance ed trading qualifications to the
and Industry, issued a notice on following securities companies
12 July, 2019, announcing that for- — Myanmar Securities Exchange
eigners would be allowed to invest Centre Co. Ltd. (MSEC), KBZ
in shares listed on the YSX. Stirling Coleman Securities Co.
Securities companies will Ltd. (KBZSC), CB Securities Lim-
monitor the daily trades of for- ited (CBSC), AYA Trust Securities
eigners, in keeping with the rules Co. Ltd. (AYATSC), KTZ Ruby Hill
and regulations, so that they do Securities Co. Ltd. (KTZRH), and
not exceed the limit set for each UAB Securities Limited (UABSC).
THIS year, durians in Thu- durian with rubber. Due to low on their quality and size,” said listed company. Investors have to send their
wunnawadi, Mon State have yield, the fruit is fetching a high a fruit vendor from Theinseik In addition, the SECM is buy or sell orders to the YSX
been harvested early and are price”, said a farmer who has Ward in Thuwunnawadi Town. striving to promote listing of com- through the securities companies
fetching a good price. However, shifted from cultivating durian In previous years, Thein- panies on the YSX and proceed who have been issued a license
the yield is expected to be low to rubber. seik durian was well-known for with foreign participation on the by the SECM as well as a trading
this season as durian farms “Some durians are ready its taste. Now, the yield has de- exchange, the official added. qualification by the YSX, accord-
in villages near the town have for harvesting. Some durians clined on account of weather At present, shares of five list- ing to the stock exchange.
declined. are still too small to be picked. conditions and a drop in the ed companies — First Myanmar The YSX was launched three
“Durian is not abundant A normal-sized durian is priced number of farms. —Khun (Win- Investment (FMI), Myanmar years ago to improve the private
like before. Some plants have over K5,000 at the farm. Fruit pa) Thilawa SEZ Holdings (MTSH), business sector. It disseminates
died. Moreover, some farmers vendors can make a profit Myanmar Citizens Bank (MCB), rules and regulations regarding
in the towns have substituted from durian sales, depending (Translated by Ei Myat Mon) First Private Bank (FPB), and the stock exchange and knowl-
TMH Telecom Public Co. Ltd edge of share trading through
— are being traded on the stock stock investment seminars.
Local gold price breaches K1.26 mln amid global rally exchange. To boost trading, the YSX has
The YSX held a seminar doubled its stock trade matching
on ‘Foreign Participation in My- time from two to four per day. In
By Nyein Nyein price has not reached a fresh With global gold prices on anmar Stock Market’ on 14 De- addition to this, it has held pro-
peak above K1.3 million per the uptick, the domestic price cember, 2019 at the Yangon Stock motional events to attract new
WITH gold prices increasing in tical as the local currency is hit fresh highs last year, reach- Exchange. investors and encourage existing
the global market, the price of strengthening against the US ing K1,000,000 per tical between At the seminar, U Than Aung, investors to trade more active-
the yellow metal in the domes- dollar. Currently, the price is 17 January and 21 February founder and CEO of Maximax ly. The stock exchange has also
tic market has crossed K1.26 pegged at K1,261,000 per tical,” 2019, crossing K1,100,000 (22 Solution Corporate Advisory and sought the government’s support
million per tical (0.578 ounces, he said. June to 7 August 2019), climbing Executive Learning Institute, pre- to get more public companies to
or 0.016 kilograms), said U Ohn The domestic gold price to 1,200,000 (7 August-4 Septem- sented investors’ perspective on participate in the stock market
Myaing, general secretary of is positively related to global ber 2019), and then reaching a foreign participation in the Myan- and help more institutional inves-
the Myanmar Gold Entrepre- gold prices. However, at pres- fresh peak of K1,300,000 on 5 mar stock market. U Thet Htun tors, such as financing companies,
neurs Association (MGEA). ent, trade is cool in the market, September 2019. Oo, executive senior manager of investment banks, and insurance
In early September last according to the MGEA. According to gold traders, the Yangon Stock Exchange, dis- companies, to emerge. — Ko Htet
year, the price of pure gold “The domestic market has in the first month of the current cussed the advantages of foreign (Translated by Ei Myat Mon)
reached an all-time record of been cooling. The domestic 2019-2020 financial year, the gold
above K1,300,000 per tical in price has not kept up with the price touched the lowest level of
the domestic market, while rise in the global market,” said K1,211,500 on 1 October and the
the price of gold was pegged at U Ohn Myaing. highest level of K1,229,000 on 10
US$1,550 per ounce in the global The global gold prices October. In November, the price
market, as per market data. reached a peak of $1,588 on 18 moved in the range of 1,219,400
“At present, the Kyat is February and jumped to K1,680 (2 November) and K1,173,000
gaining against the US dollar in per ounce on 25 February, an (28 November), and in Decem-
the local forex market. Though increase of almost $100 within ber, it reached the lowest level
global gold prices have peaked a week. of K1,170,800 (3 December) and
at $1,680 per ounce, domestic Despite the high global the highest level of K1,197,800
gold prices have climbed to just gold prices, the dollar exchange (28 December). Last month, the
K1,260,000 per tical,” U Ohn rate plunged to below K1,500 lowest price was K1,191,600 (2
Myaing said. on 25 December and extended January) and the highest was
“At present, global gold its drop to reach K1,447 on 25 K1,232,700 (8 January), accord-
prices have soared to a record February, according to money ing to gold traders. People look at the electronic board showing the stock exchange rate in
high. But, the domestic gold exchangers. (Translated by Ei Myat Mon) Yangon Stock Exchange. PHOTO: PHOE KHWAR
12 LOCAL NEWS 26 FEBRUARY 2020
THE GLOBAL NEW LIGHT OF MYANMAR
nd
th
th
M
YANMAR retail- 150 booths, exhibiting and selling
ers are making mobile and IT, home appliance,
strenuous efforts to cosmetics, retail support, fashion,
keep abreast with a food, beverage, education service
booming retail sector of ASEAN and other items at discount rates
countries as the country is still for the visitors.
lacking a vibrant retail landscape. Under the theme of Expo
The Myanmar Retailers’ As- “Unleashing the Retail Poten-
sociation is on the move to pro- tial”, about 20 experts shared
mote the country’s retail market, their theoretical and practical-
with holding the Myanmar Retail knowledge relating to the retail
Summit and Expo 2020 at the My- industry in analytical approach.
anmar Expo Hall of Fortune Pla- In his welcoming speech,
za in Thakayta Township, Yangon, Vice President of the Union of
on 7 and 8 February. Myanmar Federation of Cham-
The event was aimed for a bers of Commerce and Industry
better retailing environment with U Thein Han extended greetings,
more market accesses for busi- with his remarks on the changing
ness development in Myanmar. trend of sale, food safety and con- U Thurein Nyein, president of the Myanmar Retailers’ Association, speaks at the opening ceremony of the
The summit was held with over sumer markets. Myanmar Retail Summit and Expo 2020. PHOTO: YE HTUT TIN (NLM)
People visit the booths during the Myanmar Retail Summit and Expo
Visitors look at the booth of REMAX. PHOTO: YE HTUT TIN (NLM) 2020. PHOTO: YE HTUT TIN (NLM)
26 FEBRUARY 2020
THE GLOBAL NEW LIGHT OF MYANMAR BUSINESS 15
PHOTO: KBZ
I
N its quest to bring real life million people across 63 Dis- by KBZPay thus far was 240
business problems into its tricts, more than 300 cities and transactions per second. In ad-
curriculum, London Busi- towns and 65,000 villages. dition, more than 50 per cent of
ness School MBA Class of Mike DeNoma, CEO of businesses that use KBZPay
2019 partnered with KBZ Bank KBZ Bank said, “Working with for transactions are owned by
in Myanmar to bring an excep- the best and the brightest al- women.
tional financial inclusion prod- ways bears fruit. Many of their Ahmed Tahoun, the Profes-
uct to the market with dramatic innovative recommendations sor at London Business School
results. The results were used are embedded in our business who designed and taught the
to shape KBZ Bank mobile pay- plans.” course said, “To be involved in
ment app, KBZPay. One year on, KBZPay cus- such a huge success, record
Leading the effort to tomers across Myanmar can breaking on many different lev-
achieve 100% financial inclu- now access the most essential els, is a testament to the MBA
sion in Myanmar, KBZ Bank financial services all day and class of 2019. Being able to be
has leveraged new technology night in the palm of their hands. involved in real-time, live case
and brought banking beyond Significantly, one in three KB- studies added a new dimension
the branch through KBZPay. ZPay customers are from areas to the curriculum and to our
Over the past year, KBZPay has other than Yangon Region, Man- MBA programme."
continued its momentum as the dalay Region and Shan State, Looking forward, KBZPay
SKYWORTHH displays its products at the Myanmar Retail Summit and fastest growing mobile wallet reflecting the progress to reach will strive towards achieving
Expo 2020. PHOTO: YE HTUT TIN (NLM) in Myanmar, bringing on-board people with little or no access to its goal of reaching 30 million
more than 4.5 million custom- banking or other formal finan- KBZPay customers by 2028, to
ers and 280,000 Merchants and cial services. connect families and friends
Agents. “As we transform our bank and embed them in a modern,
One of the tasks for Lon- to world-class standards, it is a mobile-first financial ecosystem
don Business School MBA delight to be able to work with that supports their digital life-
students, as part of their Per- one of the best business schools styles.
formance-Driven Strategy Ex- in the world. Myanmar is grow- London Business School
ecution course, was to guide the ing rapidly on every measure will be looking for further oppor-
leadership team at KBZ Bank and working with LBS enables tunities to collaborate real-time
through specific challenges. us to be at the front of business with organisations facing stra-
One of these challenges was and management thinking, tegic business transformation.
how to utilize its 18,000 strong quickly implementing learnings Both KBZ Bank and London
work-force, mostly branch staff, into real-life business scenar- Business School will be launch-
to execute the biggest digital ios,” said Nang Lang Kham, ing new collaborations in the
product launch ever attempted Deputy CEO, KBZ Bank. coming months — ensuring the
in the region. Another was how To date, KBZPay has facil- highest level of business edu-
to build and manage a network itated more than USD 3.3 bil- cation is embedded in real-life,
of agents and merchants in a lion in transactions. The highest real-time impactful experienc-
country with a population of 55 rate of transactions facilitated es.— GNLM