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'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.

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