Thursday, September 21, 2017

Investment summit to kick off June 20

Delegates from nearly 300 foreign firms will converge on the Parkroyal Hotel in Yangon this week for the New Myanmar Investment Summit, a spokesperson for the company organising the event said.

“The two-day event will be attended by nearly 300 foreign companies from the US, China, Canada, Japan, India, the United Kingdom, Vietnam, Singapore, Thailand, Cambodia, Malaysia, Sri Lanka, Indonesia, Italy and Bangladesh,” said a spokesperson for Singapore-based Centre for Management Technology, which is organising the event.

The spokesperson said the summit had attracted businesspeople from a range of sectors, such as agriculture, construction and building materials, investment consultants, financial institutions, legal firms and others.

“Others are from the oil and gas sector, real estate, mining, power and telecommunications,” she said.

The summit will endeavour to answer pressing questions on the updated Foreign Investment Law, land concessions, financing, security and legal issues associated with working in Myanmar, she said.

The official opening address will be delivered by Dr Kan Zaw, Deputy Minister for National Planning and Economic Development.

The keynote address will be presented U Aung Naing Oo, Director General for the Directorate of Investment and Company Administration (DICA).

The summit will also feature a post-conference workshop on “Structuring JVs & Agency & Distribution Agreements under the New Investment Law” led by Alessio Polastri, an attorney with P&A Asia.

Other official speakers include Daw Tin Tin Htoo, Deputy Director for Ministry of Industry; U Htin Aung, Director General of the Energy Planning Department under the Ministry of Energy; U Win Htein, Director General of the Ministry of Mines; and U Kyaw Thet, Director of the Ministry of Mines.

Evelin Petkov, a director of Bagan Capital, a Myanmar-focused investment and advisory company that is based in Hong Kong, said the event would provide a platform for international firms to find and evaluate potential domestic partners.

“Participating foreign companies are looking forward to meeting local industry players, entrepreneurs, agents and distributors keen to establish joint ventures or partnerships with them,” he said.