| MYANMAR PRIVATE SECTOR INVESTMENT SUMMIT
"Seize Immense Opportunities in Asia's New Economic Frontier"
28 - 30 January 2013, Yangon, Myanmar
Brought to you by Advantique Group Pte Ltd with Official Local Host, UMFCCI, Myanmar Private Sector Investment Summit (MPSIS) is your one-stop event that provides essential information and relevant contacts for Myanmar investment and doing business in Myanmar. From Myanmar investment law and trade policies to Myanmar taxation laws and currency reform; from how to set up company in Myanmar to Myanmar import, export and employment law; from financing options to repatriating profit, and foreign exchange and banking reforms, MPSIS aims to provide guidance and clarity in the uncharted waters of the Myanmar market.
The discussion and clarification of the new Myanmar investment law will take centre stage at the Myanmar Private Sector Investment Summit. The Director General of the Directorate of Investment and Company Administration (DICA), U Aung Naing Oo will be speaking on the highly anticipated Myanmar foreign investment law. Myanmar's DICA is a division under the Ministry of National Planning and Economic Development and is the usually the first stop for foreign investors who are keen to knock on Myanmar's doors as DICA's main responsibility is to scrutinize and appraise projects that are proposed for investment in Myanmar.
The Myanmar Private Sector Investment Summit (MPSIS) also highlights the importance of the private sector, be it investment by conglomerates or contributions by small and medium enterprises (SME) to build up the economy of Myanmar. Among the key private sector led sectors in focus include: Manufacturing, Retail, Trading, Agriculture, Hotel & Tourism, Construction & Real Estate, Forestry & Timber, Fishery, Transportation and Infrastructure.
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DELEGATE PROFILE OF MPSIS
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MYANMAR COMPANIES 40%
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FOREIGN COMPANIES 60%
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Country Distribution:
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- India
- Hong Kong
- Thailand
- Switzerland
- Australia
- Singapore
- Mauritius
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- Vietnam
- Malaysia
- Taiwan
- Japan
- South Korea
- Saudi Arabia
- Brazil
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Sectorial Distribution:
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- Consumer products
- Manufacturing
- Agriculture
- Garment
- Wood processing
- Legal
- Finance
- Private equity
investment
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- Asset management
- Infrastructure development
- Test & measurement equipment
- Information technology
- Business advisory
- Logistics
- Trading
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The Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) is the most influential business federation in Myanmar. They represent: 10,854 Burmese Companies, 1,656 Enterprises, 770 Foreign Companies, 185 Co-operatives & 2,898 Individuals in Myanmar. UMFCCI was founded in 1919 as the Burmese Chamber of Commerce and was later upgraded to a federation in 1999 in line with the adoption of the market-oriented economic policy. It is an non-governmental organisation, which stands at a national level, representing and safeguarding the interests of private business sector. UMFCCI acts as a bridge between the State and the private sector. This role is made possible by the fact that there is a vast network of chambers and associations affiliated to the UMFCCI. UMFCCI is also dedicated to fulfilling the needs of private sector by providing various services such as human resource development training, trade information, business matching, consultancy and other services as required by the private sector. For more details, refer to www.umfcci.net or www.umfcci.com.mm
MPSIS is your gateway to new markets in Myanmar!
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Attend Myanmar Private Sector Investment Summit (MPSIS) to Find Out How You Can Get a Head Start in Myanmar!
Together with the official Local Host, UMFCCI, Myanmar Private Sector Investment Summit (MPSIS) will zoom into the private sector led industries and reveal their prospects and offer insights on how foreign investors can take part in these booming sectors:
- Trading Opportunities in Myanmar - Myanmar's Retail Growth - Development of Manufacturing in Myanmar - Opportunities for Plantation / Agriculture in Myanmar - Myanmar’s Tourism Growth and Opportunities in Hotel & Hospitality Sector - Myanmar’s Construction & Real Estate Markets - Outlook of the Forestry / Timber Products Sector in Myanmar - Prospects of Fisheries Sector in Myanmar - Developments in Transportation & Infrastructure in Myanmar
MPSIS gives you more than a conference agenda on investing in Myanmar. Find out about our specially designed "MYANMAR IMMERSION PROGRAM" which will help you to THINK LOCAL & ACT LOCAL.
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- Latest update on the new foreign investment laws in Myanmar - Myanmar currency and banking reforms - Tax structure and compliance issues in Myanmar - Land rights and development law in Myanmar - Myanmar’s economic outlook - Risk assessments and management - Doing Business in Myanmar: Import and Export laws, Employment law and Labour issues, Repatriation of Profits, etc. - Growing the private sector - role and prospects of SMEs in Myanmar - Investing in frontier market like Myanmar - Financing Options and Risk Management - Insights from business leaders with years of experience trading and investing in Myanmar - Sectors in focus: Manufacturing, Retailing, Trading, Agriculture, Plantation, Hospitality & Tourism , Construction & Real Estate, Forestry & Timber, Fisheries, Transportation & Infrastructure.
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| COME TO MYANMAR PRIVATE SECTOR INVESTMENT SUMMIT TO: |
- Know more about Myanmar and see for yourself its potential - Identify high growth industries and find out how you can gain entry to this nascent market - Understand the risks and challenges of investing in Myanmar and hear experts share on how to manage them - Learn how to do business in Myanmar and how to set up JVs with local companies in Myanmar - Find out how to overcome regulatory & process hurdles - Meet and develop relationships with government officials in Myanmar - Build new networks with the companies in Myanmar - Create brand equity and increase your company’s visibility in Myanmar - Think and Act Local with our specially designed Immersion Program - Seek business opportunities
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Chairman, CEO, MD, VP, Director, Manager and other senior executives from the following industries:
-Agriculture & Plantation
-Mining
-Tourism & Hospitality Services
-Transportation & Infrastructure
-Manufacturing
-Trading
-Retail
-Real Estate & Construction
-Forestry & Timber
-Fisheries
-Cement & Building Materials
-Consumer Products
-Banking & Financial Services
-Private Equity & Venture Capital
-Professional Services: Audit, Legal, Risk and Business Consulting
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The Wait for Myanmar's New Foreign Investment Law is Over
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Published: 9 November 2012
Investors waiting for the finalization of the new Myanmar foreign investment law should gear up their strategies for investing in Myanmar as the law was finally approved and signed by Myanmar’s president Thein Sein on 2 November 2012.
The final bill contained 10 key changes proposed by Mr Thein Sein, including the removal of caps on foreign ownership of joint ventures. Under the new law, joint venture partners can determine for themselves the ratio of ownership. The proposed minimum investment of $5m was also removed.
The changes made by the president addressed the concerns of pro-business reformers, including the leading voice of private sector in Myanmar, UMFCCI, that the bill was too protectionist and would deter foreign investors.
Some key highlights of the new law:
- As per the old law, foreigners can still own 100 percent of businesses without the need for a local partner. But restrictions apply in some areas.
- The ratio of ownership between joint venture partners can be determined between the partners.
- Myanmar Investment Commission has the discretionary power to allow foreign investors into the restricted sectors (such as fisheries and agriculture).
- Foreign investors can lease land from the government or from authorized private owners for up to 50 years, depending on the type and size of the investment, and the deal can be extended twice, for 10 years each time.
- Foreign firms may be entitled to a tax holiday for the first five years of operation and other forms of tax relief may be available depending on the investment, if deemed in the national interest.
- Foreign manufacturing companies may be entitled to tax relief of up to 50 percent on profits made from exports. Tax exemption or relief can be granted providing it is reinvested in the business within one year.
Advantique is having the Myanmar Private Sector Investment Summit (MPSIS) on 28-30 January 2013 in Yangon that provides insights on investing and doing business in Myanmar and the latest legislations in Myanmar. For more information, please email:
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or call: +65 6243 3778 for more details.
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Myanmar New Investment Law Passed in Parliament, Now Pending President’s Approval
After months of debates and amendments, Myanmar’s parliament has finally passed the new foreign direct investment law on the last day of the lower house session (7 Sep).
The final version of the bill dropped the controversial clause of requiring US$5million minimum investment.
It also increases the maximum shareholding of foreign parties to 50 percent from the proposed 49 percent in certain sensitive sectors, including manufacturing, farming, agriculture and fisheries.
There were unconfirmed reports that in some high technology sectors where Myanmar is deficient, foreign investment could be up to 100%.
Another progressive aspect of Myanmar new investment law allows foreign investors to lease land for an initial period of 50 years with an option to renew, compared to 35 years under old rules.
The draft law appears to be a middle ground between a draft offered by a camp led by President Thein Sein which is pushing for rapid change, and a version offered by conservative legislators and a fraction of big local businesses who have worried that opening the country too aggressively would let foreign firms dominate the economy.
It is now up to the president to sign the legislation into law, or pass it back to lawmakers if he is still unhappy with the proposals. The next session for parliament starts in the third week of October.
For the full news, please refer to:
- http://www.reuters.com/article/2012/09/07/us-myanmar-investment-idUSBRE8860HS20120907
- http://www.bangkokpost.com/breakingnews/311492/
The wait for Myanmar’s New Investment Laws
Foreign companies wanting to invest in Myanmar are awaiting for new Myanmar investment laws to be drafted. According to U Tin Ko Win, deputy director general from the Directorate of Investment and Company Administration: “Myanmar is ready for any foreign partnership, joint venture or investment”.
The new Myanmar investment laws are now been debated in the Upper House of Parliament and if all goes through, observers will call for the bill to be law sometime before late August. The latest version of the for investment bill contain some changes to the draft that was circulated earlier in the year. Though it was not clear if this was the final version to be put to parliament. There may be further change after the parliamentary discussion.
One article states that new Myanmar investment laws will grant foreign companies a 5 year tax holiday from when their operations start on a commercial scale, and that period can be extended if there is some benefit to the country according to reports in the media. Some provisions include: allowing foreigners to own 100% of companies only for enterprises that involve high-tech industries beyond the reach of domestic investors or set up joint ventures with local citizens or government departments with involvement of at least 35% of foreign capital. Foreign investors will be allowed to lease land from the state and private citizens with an initial lease of up to 50 years with additional two 10-year extensions, depending on the nature of the business and the size of the investment. The new bill would also let authorities grant longer leases exceptionally to foreign investors wanting to operate in underdeveloped, remote areas. Foreign companies would not be allowed to recruit unskilled foreign workers and local citizens must make up at least 25 percent of the skilled workforce after 5 years. The law would prohibit nationalisation of a foreigners’ business 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. Foreign investors will need to wait for the discussions in parliament to be finalised to get a clearer understanding of the new investment bill.
As big as France and Britain combined, resource rich Myanmar sits strategically between India, China and Southeast Asia with ports on the Indian Ocean and Andaman Sea, all of which have made it a great potential for investors. (Source: Mizzima July 16 2012 & Reuters August 10 2012)
There are immense opportunities in Asia’s new Economic Frontier! Myanmar Private Sector Investment Summit (MPSIS) on 28- 30 January 2013 is your one-stop event to answer all your questions about Myanmar’s booming industries namely: Plantation / Agriculture, Fishery in Mynamar, Tourism, Manufacturing, Real Estate Market, Cement Production in Myanmar, Forestry & Timber industry in Myanmar, from Myanmar investment laws to Myanmar currency and taxation laws, from setting up companies in Myanmar to import/export and employment law, from seeking financing and partners for your new business in Myanmar to repatriating profit and other financial regulations, MPSIS drills down on all these critical issues that are useful for you to formulate plans and strategies to successfully invest in Myanmar.
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for more information.
(Read Complete articles at Mizzima and Reuters)
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Myanmar Foreign Trade Reached nearly 5 billion USD
According to Xinhua July 24, Myanmar's foreign trade reached nearly 5 billion U.S. dollars in the first three months (April-June) of the 2012-13. Of the foreign trade, over one billion dollars were gained through border trade, the Ministry of Commerce was quoted by the Weekly Eleven as saying.
Of the total trade volume, exports amounted to 2.37 billion dollars, while imports amounted to 2.41 billion dollars.
Natural gas topped the country's exports with nearly 800 million U.S. dollars, followed by agricultural produce , gem, forest and marine products.
Meanwhile, fuel stood first in its imports, followed by raw textile products, machinery and spare parts, palm oil, motor vehicles, iron and steel, plastic products, pharmaceutical products and food and beverage.
In the fiscal year 2011-12, Myanmar's foreign trade reached 18. 15 billion U.S. dollars, of which the export took 9.09 billion dollars, while the import accounted for 9.053 billion U.S. dollars. (Source : Xinhua July 24)
To find out more about Myanmar's immense opportunities for investments and trade, attend Myanmar Private Sector Investment Summit on 28 - 30 January 2013 in Yangon to get the real picture of opportunities and challenges of doing business in Myanmar. For more details, register here or contact
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.
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Poised to become a Middle Income Nation by 2030 if Reforms Stay On Track
The Asian Development Bank (ADB) said in a report released on 20 August that Myanmar could expand its economy by 7 percent to 8 percent per year while per capita income could triple over the next 18 years to become a middle income nation by 2030 if reforms stay on track.
Analyzing the opportunities and challenges facing Myanmar after decades of isolation, the report "Myanmar in Transition" is ADB's first major assessment of the country since it began political and economic reforms in 2011. It noted that Myanmar is showing good potential for growth and could become one of the next "rising stars" in Asia.
Stephen Groff, ADB's vice president for East Asia, Southeast Asia and the Pacific, said that Myanmar has to strive for strong and inclusive growth, which is imperative for poverty alleviation and improved living standards. Key development agendas for Myanmar which has the lowest per capita GDP among Asian countries also include maintaining macroeconomic stability, improving infrastructure and human capital and mobilizing resources for investment, he said. Stephen Groff said “with its abundant natural resources and labor force, strategic location close to China and India and the ASEAN bloc, Myanmar is perfectly positioned to prosper from Asia's dynamic economic growth.” (Source: ADB August 20)
Meet with officials and key stakeholders shaping Myanmar's economic landscape at Myanmar Private Sector Investment Summit on 28 - 30 January 2013 in Yangon. Register here or contact
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