(Foreign Investment Law Amendment Bill)
Official Opening Address
Dr. Kan Zaw, Deputy Minister
Keynote Address on
"New Investment Law & its Opportunities for Foreign Investors"
With analysts predicting that Myanmar is headed for 20-30 years of dynamic growth, investors from across the world are visiting to access the potential of the key sectors of the resource-rich country with its 60 million population. It's said that new investments will kick in from the first quarter of next year as the Myanmar authorities streamline procedures and licenses to enable favorable business conditions for foreign investors.
With the recent successful by-election and President Thein Sein's continued effort towards political and economic reform, Western nations supported positively by easing various sanctions on Myanmar, helping to pave the way for rapid economic and social rehabilitation of the country. Investors around the world are rushing into the country to explore various opportunities!
Before jumping on the bandwagon, are you aware of:
The list of concerns and risks related are immense and CMT's New Myanmar Investment Summit holds the key to these pressing queries.
Attend this summit and meet senior officials and advisors from key sectors - Oil & Gas, Power, Real Estate, Mining, Agriculture & Plantations and Banking.
Major functions of DICA, a division under the Ministry of National Planning and Economic Development are
Multiple Benefits Gained from
Be at this exciting event and make new contacts! CMT's New Myanmar Investment Summit offers extensive business networking opportunities with Asian and global players in one venue! Sign up with your team to enjoy group discount. Register online at www.cmtevents.com or email to firstname.lastname@example.org.
|Published articles for your interest and reference:|
|Myanmar's president promises second wave of reform||Suu Kyi calls for Myanmar investment on landmark tour|
|Amended domestic investment law aims for level playing field||Australia to lift remaining Myanmar sanctions|
|Japan to bring in 7-Eleven Stores for Myanmar | consumers||Ajinomoto sees Myanmar plant restart as early as 2013|
|JK Paper to pick up equity stake in Myanmar Pulp Mill||Singha Corp plans Myanmar brewery|
|Asia private equity funds line up dollars for Myanmar||Obama Admin declares Burma open to U.S. mining investment|
|Myanmar prepares to start banking services with US, EU||Ogilvy Is First Into Myanmar With Stake in Local Shop Today Advertising|
|Global ad group WPP bets on Myanmar as sanctions lifted||Hana Micro CEO Sees Opportunity in Myanmar - Businessweek|
|U.S. Eases Myanmar Financial Sanctions||US ban on investing in Myanmar lifted|
|Is Myanmar the Next Mongolia?||Food institute: Invest in Myanmar before AEC|
|Switzerland lifts Myanmar sanctions||Myanmar finalises new investment law|
|Myanmar to remove payment restrictions by next year||Japan Inc. Rushes to Myanmar|
|Canada lifts most sanctions against Myanmar||EU to suspend Myanmar sanctions for a year|
|ADB says Myanmar economy set to boom||Investment surge expected for ‘gold mine' Myanmar|
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NEW Myanmar Investment Summit 2012 is less than 2 weeks away, this is your last chance to register especially if you are keen to enter Myanmar and learn the latest on the nation’s economic reforms.
This conference has attracted a good mix of key investors and private companies from the sectors below:
The conference has also gathered crowds from Myanmar, USA, Vietnam, Singapore, Thailand, Cambodia, Hong Kong, Malaysia, Japan, India, United Kingdom, Sri Lanka, Indonesia, Italy, China, Canada, Bangladesh and more...!
Do join us at NEW Myanmar Investment Summit 2012 and be part of the revolution. You can register now at <<CLICK HERE>>.
Hope to see you in Yangon!
Last week, the Obama administration eased financial sanctions thus allowing American corporations to invest in Myanmar.
"As an iron fist has unclenched in Burma, we have extended our hand, and are entering a new phase in our engagement on behalf of a more democratic and prosperous future for the Burmese people," said Mr. Obama. Soon after a meeting at the State Department with Myanmar’s foreign minister, U Wunna Maung Lwin, Secretary of State Hillary Clinton said, “Today we say to American Business: invest in Burma and do it responsibly.”
The easing of sanctions are paving the way for rapid economic and social rehabilitation of the nation, and widening the prospects for foreign investors. For a broader perspective on the country’s recent reforms, the New Myanmar Investment Summit 2012 in Yangon on 20-21 June, is all geared up to showcase official speakers from the Ministry of Mines, Ministry of Energy, and the opening address entitled ‘New Investment Law & Its Opportunities for Foreign Investors’ by a top ministry official.
Presentation topics such as foreign investments & JVs, new currency reforms, agriculture investment scenario, oil & gas investment outlook, updates in the mining sector, real estate developments, discussion on local partnerships & joint ventures, and much more will be discussed at the conference.
In addition, to provide a more comprehensive overview of JV agreements and partnership structures between domestic and international investors in Myanmar, a separately bookable post-conference workshop is also included in the program agenda.
Excerpt taken from The Wall Street Journal
It’s welcoming news for foreign investors as the new investment regulations and economic reforms take shape in the resource-rich Myanmar. Ahead of a possible end to U.S. and European sanctions in the former Burma, Western investors are exploring their opportunities for businesses and trade.
As part of the economic liberalization, the draft of the new investment law suggests that foreigners can now either have 100% ownership of companies, or set up joint ventures with at least 35% foreign capital with Burmese citizens or government departments, and may be granted a 5-year tax holiday from the start of commercial operations. According to the draft, they can also lease land from the state or from private citizens who have permission to use land.
Further, to reassure investors about a reversal of reforms and seizure of assets, the draft law according to a Reuters translation says "The government gives a guarantee that permitted businesses will not be nationalized during the period allowed in the contract or extended in the contract other than by giving compensation based on current prices in the market, in the interest of the general public.”
In anticipation of the Foreign Investment Law Amendment Bill, CMT is putting together the New Myanmar Investment Summit 2012 on 20-21 June in Yangon, where global investors, experienced industry players and government officials convene to share their expertise and knowledge on structuring joint ventures, aspects of land lease requirements, taxation planning considerations, new employment law and other subjects related to the investment reforms in Myanmar.
Click here to read full article.
In an interview with Reuters, Craig Steffensen, ADB's director for Myanmar and Thailand remarked that Myanmar is 'a huge market waiting to happen and growth will come from everywhere, not one specific sector'. (Read full article here)
Indeed, just few weeks ago, MOGP Summit (Myanmar Oil, Gas & Power) the first Official Summit organized by CMT with the Ministry of Energy, Myanmar welcomed over 300 participants looking to seize the opportunities to be had. At the summit His Excellency U Than Htay, Union Minister of Energy, Myanmar presented a keynote address that unveils future plans for the Oil & Gas sector.
In a spin-off to MOGP Summit, CMT is proud to now announce the New Myanmar Investment Summit 2012 to be held on 20-21 June 2012 at Yangon, right where all the excitement is!
The key focus of the summit will be on 'Business Strategies in the Emerging Tiger Economy' and a reflection on the Foreign Investment Law Amendment Bill. The sessions are designed to provide insights into the latest progress on the following:
Just like the MOGP Summit, key senior executives from sectors such as Power, Telecommunications, Banking, Industrial Estates, Construction and Building Materials especially Cement, Mining, Palm Oil, Rubber, Rice and Jatropha plantations and many more are expected to attend this timely meet.
To be among the first to establish commercial presence in Myanmar you should make plans to be in Yangon this 20-21 June!
And to give you a head start on the type of information you could be gathering, we invite you to review the keynote address that was delivered at the above-mentioned MOGP summit. Simply fill up the form below to download.