17-18 Oct, 2012 - Yangon, MYANMAR
PARKROYAL Yangon
PARKROYAL Yangon
“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 hafizah@cmtsp.com.sg
Excerpt from Bangkokpost.com
