Our progress in Myanmar in FY2016
JULY 2015
SMI entered into a sales partnership agreement with
Ooredoo Myanmar Ltd to service the business-to-business
telecommunications market in Yangon and Mandalay, involving
the provision of telecommunications services, technologies and
solutions, and the distribution of SIM cards, handsets and tablets
to the small and medium enterprise business segment.
JANUARY 2016
The Group signed a franchise agreement with The Coffee Bean &
Teal Leaf (CBTL) to operate two CBTL outlets in the new terminal
at YIA. The initial term of the agreement is five years, with an
option to renew for two additional periods of five years each.
The Group’s local business partner obtained an FL-11 wine import
and distribution license, a difficult license to obtain in Myanmar.
SMI’s wholly-owned subsidiary SMI Rental Services Co Ltd.,
entered into a long term car rental agreement with SMART Group
of Companies, that work on behalf of Shell and other Oil & Gas
companies. The subsidiary is also providing services on an ad-hoc
basis, to TBR, Chevron and CNQC. This is in addition to previous
account successes with companies such as Telenor, KPMG
Myanmar, GE, Philips Myanmar, Brunei Petroleum, ZTE, Nippon
Koei Group and Savoy Hotel Yangon. The subsidiary opened a
counter/desk at Hledan Center, a premium mixed-use property.
DECEMBER 2015
The Group announced a joint venture with Senko, a major
logistics group listed on the Japanese stock exchange, to provide
logistics and warehousing services in Myanmar. The construction
of the first warehouse in Yangon will commence in Q2 CY2016.
The Group signed a long term agreement covering the new
terminal at YIA. This will cover a multi-brand and multi-category
duty free space (almost 2,000 square meters on three levels) and
more than 4,500 square meters of mono-brand fashion, lifestyle
and travel retail stores and concepts, all duty free. This will lead
to the introduction of more than 30 international brands and will
create an exceptional airport retailing experience. In addition, the
Group will also introduce two international F&B concepts to YIA.
MARCH 2016
The Group signed a number of exclusive supply agreements with
fashion brands to operate retail outlets in the new terminal at YIA.
SMI’s wholly-owned subsidiary SMI Rental Services Co Ltd.,
continued to expand its service network by securing a new office
in Mandalay. The subsidiary has also secured rights to be the sole
provider of car rental services within the newly opened terminal at
Yangon International Airport. March saw a good upturn in leisure
business passing through the airport.
FEBRUARY 2016
SMI’s wholly-owned subsidiary SMI Rental Services Co Ltd.,
entered into a long term car rental agreement with Novotel Max
Yangon to provide airport transfers and all other transport related
services for hotel guests.
MAY 2015
SMI’s wholly-owned subsidiary, Myanmar Infrastructure Group
Pte. Ltd., entered into a construction and lease agreement with
mobile network operator, Ooredoo Myanmar Limited, for the
construction of 500 telecommunications towers across Myanmar.
SMI’s wholly-owned subsidiary, SMI Retail Pte. Ltd. entered into
a 10-year agreement with DFS Venture Singapore Ltd (“DFSV”),
to develop and operate duty free retail outlets at Yangon
International Airport and Naypyidaw International Airport.
SMI’s wholly-owned subsidiary, SMI Auto Services Pte. Ltd
entered into an International Franchise Agreement with Europcar
International, for the exclusive right to use the Europcar brand in
the provision of vehicle rental and limousine services throughout
Myanmar.
singapore MYANMAR INVESTCO limited | Annual Report 2016
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