|"Towards Successful JVs and Financing"|
Other Official Speakers:
U Soe Thein, Deputy Chief Civil Engineer
Myanmar Port Authority
U Kyaw Win, Director (Administration Division)
Soe Soe Lwin, Assistant Director
U Saw Htee Set, Senior Customs Official
Customs Department, Ministry of Finance and Revenue
Major functions of DICA, a division under the Ministry of National Planning and Economic Development are:
Part of Invest Myanmar Series, this summit offers you new insights on key areas:
Myanmar is the new frontier for investments for the global oil, gas, infrastructure and a host of fast growing sectors. Riding on the new wave of optimism and opportunities thrown up by the new reforms minded government, foreign investments are poised to head towards Myanmar in the next few years.
Attend 2nd New Myanmar Investment Summit to be among the first to listen in to exciting session on :
New Update on Opportunites in the New Myanmar Insurance Market
By Pillar of Truth Insurance Company - One of the 12 Companies granted permit to offer insurance services
And Network with local businessmen, investors from Asia and the globe, confirmed speakers below:
NOT-TO-BE-MISSED! Separately Bookable Workshop and Update
To complement the summit, 2 interactive and intensive modules have also been added to agenda. See details below.
Myanmar Telecoms Reform Update
Tuesday, 16th October
08:30 - 17:00
Aimed at Global Telecoms Players and their key teams including Strategic Planning, Project Planning and Engineering Support Managers and Executives as well as Myanmar Companies and Entrepreneurs who are keen to tap into the evolving regulations and opportunities.
Post conference Workshop:
Business Contracts in Myanmar
Thursday, 18th October
14:00 - 17:00
Led by Mr Alessio Polastri,
Managing Partner, P&A Asia
For 3 hours you will receive legal advice and practical grounding in business dealings in Myanmar on how to protect and ensure your rights and cover your responsibilities - whether it's for agreements for Agency and Distributorships or for JVs and other dealings.
Agenda of workshop
1. Agency and distribution agreements
2. What is a joint-venture agreement?
The intensive clinic is led by Mr Alessio Polastri, who will draw on his experiences in Myanmar and current engagements advising:
"A great conference and cultural experience"
"A very holistic approach that provides a fundamental understandingof Myanmar's foreign investment situation"
~ UPP Holdings
"An excellent introduction to doing business in Myanmar"
"An excellent first hand delivery of ideas, on a country, which is on the verge of a big leap"
"Wonderful summit for networking opportunities and best place to acquire more knowledge of Myanmar investments"
VISA INFO FOR FOREIGNERS:
NOTE - pre-arrival application recommended
|Published articles for your interest and reference:|
|Indonesia Urged to Invest in Myanmar||US Eases Myanmar Import Ban|
|Myanmar passes new law to attract foreign investors||With Suu Kyi's help, Myanmar inches towards investment law|
|Myanmar seeks loans for funding projects||Next three years will be crucial|
|Volkswagen seeks Myanmar partner||MIC passes eight investments in two months|
|MasterCard Moves Into Myanmar With First License Issued to Bank||Canada to establish permanent trade presence in Myanmar|
|Myanmar's Lower House OKs new foreign investment bill||Myanmar parliament to debate investment law next week|
|Pepsi Signs Myanmar Distribution Pact; Looks to Local Agricultural Investment||Myanmar expects to attract FDIs with New Law|
|Asean stands ready to assist Myanmar||Private Banks Adopt ‘Letter of Credit’ System|
|Thailand bent on bigger influence in Myanmar||Myanmar Outlines Monetary Development Master Plan|
|Myanmar banks hoping to see use of international credit cards by next year||Pioneer Weighs Myanmar Plant as Kyat Cuts Costs: Southeast Asia|
|Trade Minister Ed Fast to travel to Myanmar to discuss trade||Suu Kyi addresses Myanmar parliament, illustrating year of change|
|Max Myanmar Group proposes S$70m reverse takeover of Aussino||Burma reports foreign trade earnings|
|Promise, peril for U.S. companies in Myanmar||Myanmar looks to S'pore model to develop skilled workforce|
|Jim Rogers: 'Myanmar Best Investment Opportunity In The World'||Myanmar Investment Law May Take Effect as Early as September|
|ADB sees progress in resuming aid to Myanmar||US senators press for Myanmar oil investment|
Thai ambassador urges investors to seize opportunities in Myanmar by 2015
Posted on : 08 Oct, 2012
“Myanmar is about to enter three golden years as it begins to take its place once more on the world stage after decades of isolation”, said Thailand’s ambassador Pisanu Suvanajata, who also urges “Thai investors should seize the opportunity to invest in Myanmar within the next three years before the Asean Economic Community is formed in 2015."
For the first time, Myanmar will open its new capital to the world, as it hosts the SEA Games next year in Nay Pyi Daw and numerous high-level ministerial/leaders’ meetings throughout 2014, as the chair of the Association of South East Asian Nations.
In the past year or so Myanmar has become the darling of Asia, now that sanctions imposed by major western powers are winding down. Investments are pouring into the country, and a lot more projects waiting in the wings.
Rising income levels and investments have all spurred the economic growth of the natural resource-rich country. The Thai ambassador urged Thai businessmen to seek good opportunities in Myanmar and to speed up their activities before other foreign investors arrive, which would mean more competition. He added that large Thai companies like industrial estate developers were keen to invest, but he wanted more small and medium-sized industries to also look at Myanmar. Infrastructure such as roads, airports and power are among the areas the country needs to invest in, as well as other priority sectors including healthcare, power generation and supply, and education.
Further updates on the investment sentiment and the opportunities in Myanmar are to be discussed at the 2nd New Myanmar Investment Summit in Yangon. The conference on 17-18 October 2012 offers insight on new laws on investments, land acquisitions, JVs, identifying and structuring right business models and other key subjects. Top officials from Directorate of Investment and Company Administration (DICA), Ministry of National Planning and Economic Development, andCentral Bank of Myanmar, Ministry of Finance and Revenueare speaking at the summit. Click here to sign up and attend the conference. Or forward any queries to Ms. Hafizah at firstname.lastname@example.org
Excerpt from Bangkokpost.com
New Foreign Investment Law proposes 50% stake in JVs for foreign investors
Posted on : 19 Sep, 2012
On 07 September 2012, Myanmar’s parliament passed a much anticipated foreign direct investment law that is vital for government’s expansion plans. The new law to be signed by President Thein Sein is considered a major step forward. Several provisions that would deter foreign investments were dropped. One of which is such a requirement of $5 million minimum initial investment outlay. The new version permits foreign parties to hold 50% stake in joint ventures.
A barrier to foreign investments was lifted with the easing of sanctions by the Western nations. Investors were also further encouraged with the reforms to the financial system, particularly the abandoning of an onerous dual exchange rate system.
Yet another progressive aspect of the new law is that instead of 35 years land leasing to foreign investors in the old rules, it is now extended to an initial period of 50 years with an option to renew.
Myint Soe, Chairman of the Myanmar Garment Association and an executive member of the Myanmar Chamber of Commerce and Industry said that permitting 50% foreign equity in joint ventures was conducive to attract foreign investors who might be wary if the law favoured protection for local entrepreneurs too much. “What Myanmar needs is a law that will attract new investment rather than restrict it. I welcome the fact that the amended law has dropped the regulation that requires $5 million startup initial capital.”
The 2nd New Myanmar Investment Summit to be held in Yangon on 16-18 October 2012 will offer vital details of the various developments in Myanmar. The summit features an official session on “Investment Opportunities and Private Sector Development” by U Aung Naing Oo, Director General, Directorate of Investment and Company Administration (DICA), Ministry of National Planning and Economic Development. Furthermore, Ms. Cheah Swee Gim, Director and Foreign Consulting Attorney, from Kelvin Chia Yangon Ltd will speak on “New Foreign Investment Law – Implementation Guidelines”.
Daiwa invests $380 million in Myanmar for IT development & Stock Exchange Project
Posted on : 13 Aug, 2012
Myanmar will see a $380 million investment by Daiwa Securities Group, in partnership with major Japanese tech companies. Daiwa aims to build the IT backbone for the government. This shows Japan’s ambition to hold a competitive position in Myanmar’s infrastructure development. Takashi Fukai, a President of Daiwa Institute of Research, said in a Reuter’s interview that Panasonic Corp., Toshiba Corp., Hitachi Ltd., NEC Corp., and KDDI have indicated interest in joining the project and providing technology and services. He said, “We’re going into Myanmar in a way that is all-Japan.” The ‘cloud’-based computing system is expected to cost about 30 billion yen ($384 million).
A Daiwa executive said that Daiwa has already been chosen to help set up a local stock exchange, and has been selected by the central bank to draw up plans for the computer network, and is seeking Japanese government aid to offset the cost.
Daiwa and the Tokyo Stock Exchange are also partners in a project to develop a new stock exchange for Myanmar. According to Fukai, a stock exchange would help draw foreign investment to Myanmar and could be up and running by 2015. More than 20 Myanmar Companies, ranging from gas company to agriculture enterprise, were approached by Daiwa to list on the exchange. Fukai estimated a turnover of 1 billion yen if 300 firms were publically traded by 2020. Around 2 billion yen is the estimate of revamping the Myanmar securities exchange, in which Daiwa is a joint venture partner.
Funded by the Japan International Cooperation Agency, Fujitsu and NTT Data have also started a study on Myanmar’s intrabank settlement system.
More in-depth and first-hand details on the New Foreign Investment Law, its implementation guidelines, updates on manufacturing, agents & distributors, telecommunications, oil & gas, infrastructure and investment opportunities in Myanmar will be unveiled at the 2nd New Myanmar Investment Summit, from 16-18 October 2012, in Yangon. Although conference agenda is not finalised yet, Pre-Registration is now underway for those interested in attending. In the meantime, one may forward enquiries to Ms. Hafizah at email@example.com
Read complete article at Reuters.com
Upcoming 2nd New Myanmar Investment Summit kicks off with complimentary download offer & invitation to contribute in a Survey
Posted on : 26 Jul, 2012
At the New Myanmar Investment Summit 2012 held in Yangon in June, over 300 delegates heard first-hand and interacted Myanmar's Ministry of Industry, Ministry of Energy and Ministry of Mines officials as well as, many experts from the private sector sharing at the 2 day summit.
For that purpose, a quick industry survey inviting suggestions on issues to include in the upcoming event to ensure comprehensive coverage of topics that matters is now underway. All are welcome to take part - to start simply click icon below.