Digital landscape rapidly changing

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Today’s smartphones can now show people what apps they use most frequently, how much time they spend on them and remind them to take a break. Moreover some mobile applications can have different settings for use by adults and children and limit applications and games by age, because many children use their parents’ phones.

“Nowadays people spend more and more time on their phones. It can be up four to five hours a day for city people. People in the phone industry can even spend longer than that. This is change from even just a few years ago. Many people, both adults and the young, spend less time outdoors being active. Give a phone to a child and they can spend the whole day on it, and this can be a problem, “ said Johansson Zhang, a senior marketing manager for the Huawei Consumer Business Group.

Now smartphone companies are addressing the issue by using technology to try and add a little more balance to the lives of handphone users. They are doing this by incorporating software in phones that monitor screen time and app usage to show users exactly how much time is spent staring at their phone screens.

“The issue of excessive time spent on phones is a concern for Huawei. We want to bring about change to make phones betters but at the same time let people, especially children, lead more balanced lives. Phones are far more than toys, they are important tools and people should know if they are spending too much time on them,” added Zhang .

As technology advances and Myanmar’s communications infrastructure improves rapidly, people are using more smartphones and spending more time on digital screens consuming services and content.

“Our statistics show people in Myanmar spend a lot of time screening digital content as they are now able to conveniently access content and pay for it,” said Allen Gilstrap, CEO of Ongo, a digital payment network.

“The Myanmar government looks to be fully committed to further liberalise the market and aims to tackle the remaining obstacles progressively. By 2020, it targets to achieve that more than 90pc of the population will have telephone access, more than 85pc internet access and more than 50pc high-speed internet access,” Mr Gilstrap said.

“Nowadays, people in Myanmar are able to choose between four telecommunication operators – MPT, Telenor, Ooredoo and My Tel for services. In this digital age, digital literacy and security become more essential in daily life of people.

Digital literacy is growing in Myanmar even as people are using smartphones everywhere, to browse or watch videos or message friends. It is the national progression, people to begin more convenience digital payment for not only online purchases but in-store purchases as well,” Gilstrap added.

Amara Communication Co Ltd CEO Alan Sinfield advises that Myanmar people should work with companies to invest in security and technology.

“We want to help them convert retail outlets to online payment mechanisms. This is all part of digital ecosystem. The more people embrace using electronic payments, the better it will be for the convenience of businesses and consumers,” said Mr Sinfield.

On December 11, KBZ Bank also introduced KBZPay, a digital wallet or purse that is stored in an app on the mobile phone. Aside from being able to store money, the KBZPay app allows customers to make cashless transactions, to send and receive money, and to withdraw physical cash through authorised agents.

Companies like Ongo, Wave Money, True Money, Ok Dollar, and Reddot, are helping to move Myanmar towards digital payments with their services.

“Digital payment in Myanmar is growing rapidly among businesses and consumers. 35 million people have smartphones and this is very empowering. Consumers are smart, when they see something more convenient, they adopt it,” said Mr Gilstrap.

Scion Industrial Engineering providing all king of industrial engineering spare parts in Myanmar.

Source:https://www.mmtimes.com/news/digital-landscape-rapidly-changing.html

Banking sector to strengthen, support economy in 2019: Experts

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The banking sector is expected to make strides forward this year as fiercer competition forces banks in Myanmar to level up.

“This year, the banking environment will be much better than before. There are still many hurdles left to cross to liberalise and strengthen this sector so that it can support the economy. Nevertheless, we have seen good progress over the last two years of reform,” said U Soe Thein, vice chair of the Central Bank of Myanmar (CBM).

Following a CBM decision to level the playing field between local and foreign banks, competition for market share in the sector is expected to intensify, which is a positive development for Myanmar.

Under Notification 6/2018, issued on November 8, 2018, foreign banks are now able to lend to domestic firms in the local currency at the standard lending rate of 13 percent. However, foreign banks are free to set their own interest rates if the loans are in foreign currencies. They will also be permitted to provide the full suite of trade financing services, the CBM said.

This year, foreign banks will be free to expand across the country. There are 13 international banks from China, Japan, Singapore, India, Malaysia and Vietnam with branches in the country currently listed with the CBM, while 49 other banks have representative offices here.

The move is expected to spur local banks to becoming more competitive and eventually help support growth in the Myanmar economy as more firms gain access to funds.

It also arrives at a time when the insurance industry is opening up to foreign providers.

“For banking to develop, the insurance businesses also need to thrive. With the growth of the insurance businesses, other investors will enter the country,” said U Kyaw Ni Khin, chief business officer of Myanmar Apex Bank (MAB).

“These new conditions will enable growth and development in the banking and financial sector this year and beyond, allowing it to become more competitive and develop into a key pillar of support for the economy,” said U Kyaw Ni Khin.

Already, MAB has launched a special wealth banking and rewards programme – MAB Gold Wealth Banking – aimed at high nett worth individuals with the ability to place a minimum fixed deposit of K300 million in anticipation of tighter competition.

With foreign banks now on the scene, the next anticipated move by the CBM is interest rate liberalisation. Currently, the bank lending rate is set at 13pc, with loans approved strictly on the availability of property or land as collateral.

This year, the CBM is expected to issue new directives permitting banks to be more flexible and competitive with their lending terms.

“Currently, the banks are giving out loans to those who have collateral. We are planning allow banks to provide loans without collateral but with higher interest rates to further liberalise the sector and enable it to be more competitive and supportive of the economy,” said U Soe Thein.

Interest rate liberalisation represents an opportunity for the banks to provide more financial support to businesses and will also drive further growth and development in the banking sector, said U Hpay Myint, senior adviser at CB Bank.

“By allowing them to be more flexible in setting interest rates, local banks will be able to take on more or less risk as they deem fit. This is the right step forward for Myanmar,” he said.

Local banks are also preparing to provide financial support based on credit scores issued by Myanmar Credit Bureau Ltd.

“The credit bureau will start operating this year and if it is successfully established, the loan sector will develop quickly,” said the bureau’s chair, U Zaw Lin Aung.

Nevertheless, the sector will continue to come under stricter regulations as the CBM continues its reforms.

Among the directives released by the CBM is notification 7/2017 last November under which all local banks must convert overdraft facilities into term loans. By July 2020, the volume of overdrafts as a percentage of a bank’s loan book should be reduced to 20pc. Meanwhile, each bank’s policy on term loan management must be submitted to the CBM.

Additional disclosures, such as whether the loans are being provided to related parties or not, have also been introduced. The banks are now required to submit a list of loans of more than K5 billion or 10pc of their capital, while details of borrowers who fail to repay on time must also be submitted to the CBM.

Meanwhile, banks that operate braches without permission will be fined between K7 million and K20 million, according to a CBM directive.

So far, local banks have been complying with the stricter regulations and the sector is improving, U Soe Thein said. “The banks have been following the rules on minimum capital requirements and strengthening their loan books. This is a positive situation and the banking and financial sectors will be stronger this year,” said U Soe Thein.

Scion Industrial Engineering providing all king of industrial engineering spare parts in Myanmar.

Source:https://www.mmtimes.com/news/banking-sector-strengthen-support-economy-2019-experts.html

Investor opportunities rise with upcoming tender, better contract terms

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The oil and gas sector is looking exciting this year, with opportunities emerging from an international tender scheduled to take place early this year for the first time since 2014.

In addition to onshore and offshore blocks, the tender is expected to include work in “Improved Petroleum Recovery” blocks at older oil fields in Myanmar.

One senior official from the Ministry of Electricity and Energy (MOEE) told The Myanmar Times that the tender will be launched “as early as possible this year”.

According to the MOEE official, the ministry is now revising the terms and conditions of production sharing contracts (PSC) that will be offered to the winning bidders in the tender exercise. Once the revised terms are ready, they will be submitted to the Cabinet and the President’s Office for approval.

Myanmar is looking to open up more of its offshore, deepwater acreages to investors. Up to 18 onshore and 13 offshore blocks could be offered to both local and foreign investors within the coming months. Last year, Australian oil and gas company Woodside Energy also discovered two gas fields that offer potential.

Myanmar also has 17 PSCs that were awarded as part of the 2014 onshore and offshore bidding rounds, where drilling and seismic works must begin over the next two years, according to contract terms.

Better terms

Yet, investors are exposed to a high level of risk when undertaking exploration and production projects in the country. These have included red tape, unpredictable changes in tax rates and unfavourable PSCs, which are all barriers for potential investors. Previous contracts, for example, stipulate that production would be shared on a 65percent/35pc basis in favour of Myanma Oil and Gas Enterprise.

“Now, the conditions will be eased. It is very costly to develop deepwater blocks, so a 50-50 based PSC will do more to attract international investors,” the MOEE official said.

“Improving the existing PSC terms will be crucial for Myanmar, as Nay Pyi Taw seeks to attract more investment into the oil and gas sector while reducing the growing strain on depleting domestic oil and gas reserves,” according to a January 2 report by Fitch Solutions Macro Research.

“We need to think about both sides if we want to offer good agreements. In my opinion, I want to neither give more nor take less. It must be fair for both sides,” said U Kyaw Kyaw Hlaing, chair of local oil and gas services company Smart Group.

The MOEE is also reviewing unfavourable terms and conditions for investors in the sector. This includes an 8pc special commodity tax on natural gas production. In the past, the MOEE had granted three-year tax exemptions to oil companies once commercial production began.

Will investors come?

Industry insiders are expecting the bulk of investors to come from Asia this year.

There are many things to worry about although arrangements are being made to call tenders for oil and natural gas blocks, said U Kyaw Kyaw Hlaing. “The question remains whether prominent companies will come if we invite them. And, another question is whether western companies will come due to the Rakhine crisis,” he said, pointing out that international oil companies that signed exploration deals in Myanmar in 2014 and 2015, such as Shell, Equinor (formerly Statoil), Reliance Industries, all pulled out of the country in 2017 and 2018.

Due to the current situation, it is expected that few oil and gas giants from western countries will bid in the coming tender, while more ASEAN countries and small companies will bid instead, people in the local oil and gas sector said.

“The government may face challenges depending on whether the PSCs offered are attractive. Even so, I expect few western companies will come. We will have to take into consideration that small and less significant companies will apply, making things less beneficial for Myanmar,” said U Than Tun, adviser of oil and gas consultancy Arc and Partners Co and former director of Myanma Oil and Gas Enterprise.

As a whole though, analysts see promising prospects for the sector this year. “Myanmar is among the few still-underexplored upstream markets in Asia, and interest in developing its below-ground prospects continues to remain high among domestic and international oil and gas firms alike, despite a litany of domestic and external risks,” Fitch reported.

It noted that “the longer-term outlook for gas is relatively more optimistic, due to ongoing negotiations for the development of the MPRL-A6 and AD-1 blocks, in line with shifting regional investment trend towards natural gas , and to ease the g rowing export burden to China and Thailand.”

Scion Industrial Engineering providing all king of industrial engineering spare parts in Myanmar.

source:https://www.mmtimes.com/news/investor-opportunities-rise-upcoming-tender-better-contract-terms.html

Five business sectors that are looking interesting in 2019

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Businesses did not have a positive outlook on the Myanmar business sector last year with falling confidence and firms pulling out of Myanmar.

However, with the arrival of a new year, things seem to be looking more optimistic for some sectors.

Our reporters have interviewed insiders and experts from five business sectors on their views on what to expect in 2019.

1 Tourism sector hoping boost from East

With the Ministry of Labour, Immigration and Population relaxing, last year, visa requirements for travellers from East Asian countries, tourism businesses are hoping to see a 50 percent rise in eastern visitors this year.

2 Property demand should be rising

Property transactions are likely to see a pickup in 2019 with better laws expected and payment options to help buyers afford homes now available. Loans with options to repay with interest over periods of up to 15 years are now available, with buyers required to place deposits of up to 30pc for their properties.

3 Banking sector progressing

The banking sector is expected to make strides forward this year as fiercer competition forces banks in Myanmar to level up. Following the decision from the Central Bank, foreign banks are now able to lend to domestic firms in the local currency at the standard lending rate of 13 percent.

4 Oil and gas sector sees emergence of opportunities

The oil and gas sector is looking exciting in 2019, with opportunities emerging from an international tender scheduled to take place early this year for the first time since 2014. The energy ministry is now revising the terms and conditions of production sharing contracts (PSC) that will be offered to the winning bidders in the tender for “Improved Petroleum Recovery” blocks at older oil fields, in addition to offshore and onshore blocks.

5 E-commerce sector high-potential albeit some hurdles

E-commerce is still an untapped environment in Myanmar, as only 1 percent of the population is exposed. So, this is a sector which can generate many business opportunities and investment if it can overcome some challenges.

Scion Industrial Engineering providing all king of industrial engineering spare parts in Myanmaar.

Source:https://www.mmtimes.com/news/five-business-sectors-are-looking-interesting-2019.html

Coastal belt holds wind power prospects: study

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Bangladesh’s southern coastal belt offers potential for generating power through wind, according to a recently published study by the US Department of Energy’s National Renewable Energy Laboratory, raising hopes of meeting the government’s renewable energy goals.

The government has targeted to generate 2,470 megawatts of electricity by 2021 through renewable sources, 1,153MW of which was supposed to have been achieved by this year. In reality, the government is nowhere near hitting that target.

The study, carried out on behalf of the power division, found that coastal areas of Khulna, Barishal and Chattogram divisions have more than 6 metres per second (m/s) wind speed at 120-metre height, sufficient for generating electricity from wind turbines.

For wind speeds of 5.75-7.75 m/s, there are more than 20,000 square kilometres of land with a gross wind potential of more than 30,000MW, said the report styled “Assessing the Wind Energy Potential in Bangladesh”.

“Although this estimate is not realistic when proper filters are applied to screen out undesirable land for wind development, it suggests that Bangladesh’s 10 percent renewable target by 2021 is achievable,” the report said.

Until now, only three wind turbines with 3MW of capacity have been in operation for the last couple of years in Feni and coastal Kutubdia.

The wind turbine in Feni, with the blades’ centrepoint 50 metres above the ground, has so far generated 588,334 kilowatt hours of electricity since resuming operations in April 2014 after repairs.

It cannot always supply the generated electricity to the national grid for various reasons.

The wind turbines in Kutubdia island, each of 1MW capacity and with the blades’ centrepoint 18 metres above the ground, are yet to run in full capacity.

Since June 2016, 149,582kW of electricity was supplied by the wind turbines, according to Bangladesh Power Development Board (BPDB), which installed the turbines.

The latest study, jointly funded by the USAID and the government, has been done to develop a national wind resource assessment.

Data were collected from nine meteorological sites representing all geographical regions of Bangladesh from June 2014 to December 2017, according to the report.

The results of the wind resource assessment will help Bangladesh overcome the significant energy challenges, the report said citing the country’s power shortage against the backdrop of increasing demand and dwindling natural gas reserves.

Data obtained for the study will support informed decision making, ranging from policy and investment decisions to reliable power sector planning.

Specifically, the Bangladesh wind resource assessment will help reduce technical risks and raise interest of the private sector on the nascent wind market in the country, it said.

On the issue of whether wind energy can compete with the local wholesale energy market, the report said, “Although this work is an important first step, other data inputs are needed to answer this question, including turbine selection and knowledge of the unsubsidised cost of wholesale power.”

The report, among others, recommended the government analyse installation and financing costs for wind energy and compare against the current 20-year forecasts for Bangladesh’s cost of power.

This is the first ever study on wind resource potential in Bangladesh, said an official of the Sustainable and Renewable Energy Development Authority (Sreda).

“It will give an idea to policymakers and investors,” he said, adding that an investor would require collecting site specific wind and land data if he/she wants to set up wind turbines in the potential areas for wind energy.

A working committee has been formed at Sreda to frame a guideline on wind energy. Sreda also has plans to take up a project to set up three towers to collect site specific data in areas including Kuakata of Patuakhali.

A committee has been formed to conduct in-house feasibility study on the wind energy potential in Mongla and Chandpur based on the report, said Md Nazmul Haque, director of renewable energy of the BPDB.

Source:https://www.thedailystar.net/business/wind-power-plant-prospects-bangladesh-coastal-belt-1658767

UAE’s Cozmo Travel now in Bangladesh

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Cozmo Travel, one of the largest and leading travel agencies in the United Arab Emirates (UAE), yesterday launched its services in Dhaka to hook business from the growing number of Bangladeshi travelers.

Jamal Abdulnazar, chief executive officer of Cozmo, opened the company’s footprint at Pan Pacific Sonargaon Dhaka. Saed Mohammed Al Muhairi, UAE ambassador to Bangladesh, attended as chief guest.

The Sharjah-headquartered travel management company has partnered with local RAS Holidays, an enterprise of MGH Group, to provide total travel solutions — from planning to ticketing services, hotel bookings, the UAE visit visa, global visa process and organising activities at destinations around the world and the UAE.

Speaking on the occasion, Abdulnazar said launching business in 2010, Cozmo has developed its expertise for customised travel solutions for independent and corporate travelers.

Pointing out travel and tourism potentials among the Middle East, the UAE and Bangladesh, he said 11.3 percent of the UAE GDP came from the travel and tourism sector in 2017 and it was expected to rise by 4.9 percent this year.

Cozmo, a fully-owned enterprise of low-cost airline Air Arabia, has around three dozen branch offices in different gulf countries.

Kazi Wahidul Alam, editor of The Bangladesh Monitor; Bikramjit Ghosh, country manager of Air Arabia; Santosh Bikram Rana, business development manager of Cozmo Travel, and Abdur Rahim, director and chief operating officer of RAS Holidays, were present among others.

Source:https://www.thedailystar.net/business/tourism/news/uaes-cozmo-travel-now-bangladesh-1659262

Japan’s Honda opens motorcycle plant

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Japan automobile giant Honda yesterday inaugurated its motorcycles manufacturing plant in Bangladesh, in what can be viewed as a watershed moment for the country’s industrial capabilities.

The plant, which was set up for Tk 230 crore on 25 acres of land in the Abdul Monem Economic Zone (AMEZ) in Munshiganj, will help save foreign currency and make motor bikes more affordable.

“We will hit the market with the ‘Made-in-Bangladesh’ Honda bike,” said Shah Muhammad Ashequr Rahman, head of finance and commercial of Bangladesh Honda Private Limited (BHL), a joint venture between Honda and state-owned Bangladesh Steel Engineering Corporation (BSEC).

The plant will have an initial annual production capacity of 100,000 units a year. By 2021, the production capacity will expand to 200,000 units a year, according to BHL, which has been marketing Honda brand bikes in Bangladesh for the last several decades.

It plant will make seven models of Honda motor cycles: Dream Neo 110, LIVO 110, CB Shine125, CB Trigger 150, CB Hornet 160R, and CBR150R.

Rahman declined to specify the prices of locally made Honda two-wheelers, but said they would not be more than those of the existing bikes.

Industries Minister Amir Hossain Amu, who inaugurated the plant, said he expects Bangladesh’s customers would get world-class motor cycles at a reasonable price.

So far, Tk 1,500 crore has been invested for the development of motorcycle industry in Bangladesh.

“Hundreds of jobs were created thanks to the investment,” he said.

Honda’s move to start local manufacturing comes at a time when the motor cycle market is fast expanding, spurred by price cuts brought about by a slash in supplementary duty on the import of the two-wheeler’s components and a surge in ride-sharing services in Dhaka and Chittagong.

The National Board of Revenue slashed the SD by 25 percentage points to 20 percent in fiscal 2016-17 to encourage local assembly and subsequent manufacturing.

The government also framed the National Motorcycle Industry Development Policy 2018 with a view to diversifying the country’s manufacturing and export and creating jobs.

Today, on average 1,000 units of two-wheelers are sold every day in Bangladesh as the demand is surging for the mobility it provides in the congestion-ridden urban life. The number was around 550 five years earlier, said industry operators.

Yuichiro Ishii, managing director and chief executive officer of BHL, expects the motor cycle industry in Bangladesh to expand and contribute to the national economy by generating more jobs and developing a skilled workforce.

The plant will also facilitate technology transfer, encourage the growth of a parts supplying industry and attract more direct foreign investment, he added.

Saber Hossain Chowdhury and Mrinal Kanti Das, both lawmakers; Mosharraf Hossain Bhuiyan, chairman of the NBR; Paban Chowdhury, executive chairman of the Bangladesh Economic Zones Authority; Muhammad Abdullah, youth and sports secretary; Hiroyasu Izumi, ambassador of Japan to Bangladesh; Noriaki Abe, operating officer for motor cycle operations of Honda Motor Co Ltd; and Masayuki Igarashi, president and CEO of Asian Honda Motor Co Ltd, were present.

Source: https://www.thedailystar.net/business/economy/japan-honda-opens-motorcycle-manufacturing-plant-in-bangladesh-1659286

Bhutanese Organic Essential Oil Hits The Market

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Kingdom Essences began with the motive to support the Nubi Menjong Nyamley Tshogdey (NMNT) in rural Trongsa comprising about 150 households by helping with income generation through value addition of local produce.

Kingdom Essences (K.Essences) are tiny bottles of natural local made-in-Bhutan essential oils. The products include caraway essential oil which is good for seasonal allergies, digestion and can be applied as an antiseptic whereas Mugwort oil is good for flu and headaches. Juniper and pine essential oil works as a good antiseptic, helps with arthritis and fights cramps and Thinnye (Sichuan Pepper) essential oil has strong anti-inflammatory benefits.

Kingdom Essences produces 100% pure and natural organic essential oils from local medicinal plants that are either purchased from the rural community members or sustainably harvested from the wild. Kingdom Essences extracts their oils from local raw materials like thinye (sichuan pepper), khempa (mugwort) to Juniper berries and leaves.

The project initially began in November 2015 when co-founder Kuenga started an organic farm in his village after graduation. During the same year, there was an unutilized community facility centre (CFC) which upon inquiry, Kuenga Dhendup was able to lease from the NMNT cooperative. Pema C. Gyaltshen, his partner, joined the business in 2016.

Kuenga Dhendup, 27, is from Kaba village in Nubi Gewog under Trongsa had graduated from Royal Thimphu College in 2014, whereas Pema C. Gyaltshen, 28, is from Tsamang; Monggar and graduated from RTC in 2016.

The journey started in August 2017, when both received His Majesty the King’s kindhearted blessing and were given the opportunity to receive training at Mae Fah Luang University in Chiangrai, Thailand.

The professors from the University’s cosmetic school taught them how to develop products using essential oils. Ever since then, the duo has been researching on local medicinal herbs and conducting experiments on developing safe and effective products suitable for the Bhutanese market.

The oils were extracted through distillation of these natural ingredients, resulting in an extremely concentrated products packed with healing benefits. Zanthoxylum Armatum (thingye or Sichuan pepper) and Caraway are locally grown and purchased directly from a rural community group NMNT.

The team collects some plants like Mugwort, Wintergreen, and Pine needles and others like Juniper and Cypress leaves. The wild raw materials are sustainably harvested by pruning the trees, which helps with the growth of the tree.

From holistic healing treatment, body massages to simple application, there are many methods of using essential oils on a daily basis considering its concentrated formula. As of now, the company is able to produce only a small number since it struggles with expensive packaging that it has to import from India and China.

Kuenga said their products are high quality/high end so it has proven to be a little expensive for the local market. “Most are not willing to take the risk of using essential oils for well being as the idea is still very new in Bhutan.”

He also added the availability of synthetic products that are affordable at very low prices compared to pure essential oils is also a reason why customers prefer to purchase the cheaper products. “We are trying to spread information on the benefits of pure essential oils to as many people as we can.”

“One must be firm in decision making, accountable for the results of his decision and be gentle to the environment as opportunities come along every day” he said.

Kuenga says that the youth especially must know that it is the Great Fourth who left the treasures of the nation to be discovered by its youth. “It is our time to find the best approach to monitor and sustainably utilize the nations’ wealth. This is how you as an entrepreneur can make all the difference. Look for ways to solve a problem instead of following the crowd.”

Currently, Caraway Essential Oil costs Nu 600(60ml) and Mugwort oil Nu 920.

Source:http://www.businessbhutan.bt/businessbhutan/bhutanese-organic-essential-oil-hits-the-market/

DPT President Refutes Claim On Privatizing Hydropower Projects

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Druk Phuensum Tshogpa (DPT) president Pema Gyamtsho has refuted allegation of privatizing hydropower projects in the country.

During his tour in Chhukha and Samtse last week, Pema Gyamtsho said privatizing hydropower projects is nowhere mentioned in their party’s manifesto.

He explained that the party has promised to promote private sectors’ participation, but not privatize the hydropower construction projects.

“It is totally false and promoting false news which is untrue,” he said, adding that the party, if it forms the government, however will look into the possibility of allocating the development of micro hydropower plants, but not the mega ones, to the private sector.

“That will also happen if the community and the private companies are genuinely interested and we will explore the possibility. With the inability and the lack of capacities, the country’s private sector is still too incompetent to start the country’s mega hydropower projects,” he added.

DPT president said the privatization would also undermine the bilateral agreements made between the two governments of Bhutan and India and India who has funded the projects till now. “We have only promised to involve private sectors in micro projects,” he said.

He also said that the party, if it forms the government, will expedite the construction of mega power projects which are ongoing. Also the party will start three other hydropower projects.

Hydropower being the primary source of national revenue, the president assured to expedite ongoing hydropower projects and start new projects if the party comes to power.

“Bunakha and Wangchhu hydropower projects in Chhukha will also get started in collaboration with the Indian government. It’s already in the plan and we will work with the Indian government,” Pema Gyamtsho said.

The DPT president also assured development of the Gedu town by promoting tourism in the country.

“The party has already charted plans and policies to promote regional tourists where Gedu will be benefitted the most by offering meals for the travelers. If rules are made clear keeping in mind the security of the nation, we can promote tourism and develop towns,” he added.

Also, DPT has a plan to set up a technical institute in Gedu if the party comes to power. Apart from these, the party, if it wins, will continue to focus on providing farm roads and medical services and addressing drinking water shortage problems in the country.

“The previous governments have done and we will continue providing necessary facilities, which is our priority,” he said, assuring that the party will work towards making the country self reliant by 2025.

Druk Nyamrup Tshogpa president Lotay Tshering reaches Trongsa yesterday to campaign for the general round of the third parliamentary elections yesterday.

Source:http://www.businessbhutan.bt/businessbhutan/dpt-president-refutes-claim-on-privatizing-hydropower-projects/

ShaMa Foundation Reaches Rural Bhutan

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ShaMa foundation, an international, non – profit organization dedicated to social welfare, education, and health care, which has been active since 2015, and was incorporated in 2018 initiated Shudh Program in Bhutan last year, in June 2017.

The program aims to provide access to safe drinking water in remote and challenging geographies and also strives to achieve this through installation of clean water storage tanks supported by water purifiers.

Shudh Program also aims to minimize water-borne infections caused by contaminated drinking water. Projects under the program are supporting communities in far-flung areas by providing them access to safe drinking water and thereby protecting young children from healthcare issues.

Shudh Program was initiated based on the inputs received from the community; along with that the foundation also came across news articles as how adverse weather conditions during summer and monsoon season impacted the water source of some rural communities.

The foundation received requests from multiple schools that were in urgent need of water purifiers to safeguard their students’ health as their water source had been contaminated due to weather conditions; this initiated the rapid roll out of Shudh Program.

Shudh Program have executed around 20 projects and equipped schools, Extended Class Rooms (ECRs), Early Childhood Care and Development Centres (ECCDs) with facilities as per specific needs of the location – like Gravity Water Purifiers, Electric Water Purifiers, Water Storage Tanks with up to 1000l capacity, along with plumbing supplies.

Shudh Program has supported communities across 10 dzongkhags (Chukha, Dagana, Lhuentse, Mongar, Pema Gatshel, Samtse, Sarpang, Trashiyangtse, Trongsa, and Wangduephodrang).

The foundation is running programs in the developing and under – developed world, supporting people living in challenging geographies and remote terrains with limited support infrastructure. It has active presence in Bhutan, India, Suriname and the United States.

ShaMa Foundation communicates through social media with community members like teachers, local administration, social entrepreneurs and start-ups. RFS (Request For Support) received from community is shared with the Team of Volunteers in Thimphu, who reaches out to the Initiator of the RFS.

The cause is supported by social networks across large multinational corporations across India, Europe and US. Shudh Program has four other programs (Swach, Saraswati, Sanjeevani, Sampark).

Currently, ShaMa Foundation had started a new pilot project “Village Hub” under the umbrella of Sampark Program which is established at Gangla village under Khoma gewog in Lhuentse. The program has one single room at the ground floor of a two storey house which is equipped with water purifier, LED lights, games like carrom board, ludo, chess, chinese checkers; and a library nook.

This special multi-year pilot is focused on gradually introducing more and more facilities in the rural areas, and assessesing its impact on rural-urban migration over time.

Source:http://www.businessbhutan.bt/businessbhutan/shama-foundation-reaches-rural-bhutan/