'Help us build a new Myanmar' - Online Burma Library
'Help us build a new Myanmar' - Online Burma Library
'Help us build a new Myanmar' - Online Burma Library
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17 B<strong>us</strong>iness<br />
the MyanMar tiMes September 17 - 23, 2012<br />
MOB links<br />
with Western<br />
Union to<br />
offer money<br />
transfers<br />
By Myat May Zin<br />
WESTERN Union signed an<br />
agreement with Myanmar<br />
Oriental Bank to offer<br />
international money transfers<br />
from the end of September, a<br />
company official said during a<br />
ceremony on September 11.<br />
“We are going to try to<br />
implement this service as<br />
soon as possible. At first,<br />
we will only offer incoming<br />
payments but hope to get<br />
permission to offer outbound<br />
transfers soon,” said U Than<br />
Win, an MOB senior general<br />
manager.<br />
He said MOB had<br />
been in disc<strong>us</strong>sions with<br />
Western Union to operate<br />
international transfers since<br />
March.<br />
“We applied to get<br />
permission from the Central<br />
Bank of Myanmar and then<br />
held two rounds of talks with<br />
Western Union before signing<br />
an agreement on September<br />
11,” said Daw Phyoe Thu<br />
Htwe, the bank’s assistant<br />
general manager.<br />
Myanmar was one of only<br />
four countries where Western<br />
Union did not operate – the<br />
others being Iran, North<br />
Korea and Cuba.<br />
U Than Win said the fee<br />
for <strong>us</strong>ing the transfer service<br />
is relatively high for lowly<br />
paid migrant workers but<br />
Two <strong>new</strong> fishing<br />
checkpoints open<br />
in Tanintharyi<br />
By Myat Nyein Aye<br />
TWO fishing checkpoints<br />
opened in Tanintharyi<br />
Region on September 1,<br />
a Myanmar Fisheries<br />
Federation spokesperson<br />
said last week.<br />
As well as checking<br />
catches, the Kawthaung and<br />
Bokbyen sites will also sell<br />
fuel, ice and water, allowing<br />
vessels to bypass Myeik<br />
Archipelago, located 40<br />
miles (64 kilometres) from<br />
the region’s main fishing<br />
grounds.<br />
“This is good <strong>new</strong>s for<br />
fishermen beca<strong>us</strong>e it saves<br />
time and fuel. It also<br />
means the fish being sold<br />
in markets are fresher,”<br />
U Maung Maung Soe, a<br />
member of the Myanmar<br />
he guaranteed that it would<br />
be safe.<br />
“The service fees are high<br />
but Western Union is totally<br />
reliable for even for large<br />
sums of money, which could<br />
be attractive for b<strong>us</strong>inesses<br />
and NGOs. Western Union<br />
official said they will adj<strong>us</strong>t<br />
the fee they charge migrant<br />
workers,” said U Than Win.<br />
However, he would not<br />
disclose the exact fee for the<br />
service.<br />
He added that the service<br />
had another key advantage:<br />
“Western Union transfers are<br />
fast – you can take them from<br />
the bank in the same day.”<br />
Myanmar Oriental Bank<br />
has 19 offices in Myanmar,<br />
mainly in the cities of Yangon<br />
and Mandalay. However,<br />
the bank is preparing to<br />
open branch offices in Nay<br />
Pyi Taw and Myan Aung in<br />
Ayeyarwady Region.<br />
“We have only 19 branch<br />
offices, which we know is<br />
not enough to make Western<br />
Union transfers available<br />
nationwide. We are planning<br />
to open a network of small<br />
stations nationwide to offer<br />
more transfers,” he said.<br />
U Than Win said most<br />
Myanmar workers abroad<br />
rely on the hundi network,<br />
an illegal international<br />
remittance network, to<br />
transfer money back to their<br />
families in Myanmar.<br />
Fisheries Federation and<br />
chairperson of the Myanmar<br />
Fish Farmers Association,<br />
said on September 11.<br />
In May, the Ministry of<br />
Commerce announced it<br />
would no longer distinguish<br />
between the trade processes<br />
of free on board (FOB),<br />
cost, insurance and freight,<br />
telegraph transfer and<br />
letters of credit.<br />
Export tax was also<br />
lowered in a bid to stop<br />
illegal trade.<br />
The <strong>new</strong> checkpoints<br />
<strong>us</strong>e the FOB system and<br />
Kawthaung checkpoint,<br />
also known as Shwe Wakk<br />
Won Tada, is large enough<br />
for four ships to dock<br />
simultaneo<strong>us</strong>ly.<br />
The fishing season begins<br />
every year on September 1<br />
and continues until May 31.<br />
Design company wins international prize<br />
By Jessica Mudditt<br />
A NON-PROFIT design company in<br />
Yangon won an international award for<br />
social entrepreneurship on September<br />
11.<br />
Proximity Designs, founded by Debbie<br />
Aung Din and Jim Taylor, received the<br />
award from the Schwab Foundation<br />
at a ceremony that took place at the<br />
World Economic Forum’s (WEF) annual<br />
meeting in Tianjin, China.<br />
Proximity Designs was one of 26<br />
design companies selected from around<br />
the world to receive the prize.<br />
The 2012 award attracted a pool of<br />
more than 1000 entrants – with winners<br />
becoming part of a network that is<br />
invited to participate in WEF events.<br />
Schwab co-founder Kla<strong>us</strong> Schwab is<br />
WEF executive chairperson.<br />
Louisa-Jane Richards, media<br />
communications assistant at Proximity<br />
Designs, told The Myanmar Times in<br />
an email: “Our design lab is one of a<br />
handful in the developing world that<br />
designs products specifically for the<br />
rural poor.”<br />
Proximity Designs, formerly<br />
International Development Enterprises<br />
Myanmar (iDE Myanmar), was<br />
established in 2004 and works in<br />
partnership with local manufacturers,<br />
retailers, and villagers to distribute lowcost<br />
products that aim to boost farmers’<br />
productivity and income.<br />
Company co-founder Jim Taylor said:<br />
“The idea of extreme affordability keeps<br />
<strong>us</strong> accountable. If people don’t find our<br />
products of value, they won’t spend their<br />
hard-earned money on them.”<br />
The company’s six-member team,<br />
which includes local engineers and<br />
prototype makers, has developed footpowered<br />
irrigation pumps, water storage<br />
tanks, drip irrigation systems and solar<br />
lighting.<br />
“Our first product [was] a footoperated<br />
irrigation pump that makes<br />
sure water is there when farmers need<br />
it, especially during the six months<br />
when there’s no rain. It boosts farmers’<br />
incomes by as much as 300 percent,”<br />
said Debbie Aung Din.<br />
Louisa-Jane Richards said Proximity<br />
Designs’ products are sold at the costprice<br />
for materials and manufacturing,<br />
with <strong>new</strong> products subsidised in the first<br />
year of release.<br />
The company’s latest device is a 250<br />
gallon water bucket that is portable,<br />
lightweight and stable. It was released<br />
on September 8 and Ms Richards said:<br />
“Pricing hasn’t been set yet, but it<br />
will probably start at about K20,000.”<br />
Proximity has also created a line of<br />
products more <strong>us</strong>er-friendly than<br />
the cumbersome watering can.<br />
Forty-six-year-old U Than Swe<br />
from Tharyar Gone village, Sibine<br />
township, <strong>us</strong>es a pump bought from<br />
Proximity Designs.<br />
“It’s like spraying water with a motor.<br />
I expanded my vegetable plot… which<br />
increased my income, and now I can<br />
survive without taking loans,” he said.<br />
Earlier this year, Proximity Designs<br />
won a Skoll Award in recognition of<br />
the impact its water pumps have on<br />
harvesting higher crop yields.