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24 Feb, 2012

Myanmar Business Conference to be Held in May


SINGAPORE, Feb 23 (NNN-Bernama) — Myanmar companies are keen to meet up with the foreign business community expected to tap business potentials at the upcoming 5th Myanmar Business Conference 2012 in Yangon from May 15 to 19. William Tan, managing director of Foreign Recruitment Centre Pte Ltd (FRC), which is organising the conference, said, “There will be numerous opportunities to find out for yourself what is on the ‘streets of Yangon’ and how you can capitalise on the vibrancy in the city,” he said upon his return from Myanmar here today.

“Besides creating good will and networking, we encourage our delegates to pursue Letter-of-Intent or Memorandum of Understanding between them and the Myanmar company/and or organisation as a focal point for return visit to pursue their business interests. Our host, Myanmar Ministry of National Planning and Economic Development will co-ordinate with more than 12 ministries to deliver papers and meet our delegations,” Tan said.

Among them will be the Ministry of National Planning and Economic Development, Ministry of Agriculture, Ministry of Livestock, Ministry of Mines, Ministry of Construction and also the Central Bank of Myanmar.

Tan said there will also be speakers from the private sector in Myanmar who will address on what needs to known about running a business in that country.

These would include day-to-day operation challenges, the local business environment, business culture, managing local managers/workers, costs of labour, and legal obligation.

Tan also said interested businessmen should register early so that their requirements can be met and relayed to the right potential suppliers/buyers or business partners from Myanmar and their information would go through to all the business communities in Myanmar. The conference will be opened to all interested Myanmar companies who are able to work with foreign companies, he said.

He said some of the ministries in Myanmar were currently receiving more than 10 delegations from all over the world daily, wanting to know about opportunities, adding that there were participation opportunity in many privatisation programmes right from rail to domestic airlines to cope with an anticipated increase in tourism to telecommunications, mining and others.

Tan said a Myanmar local company, FBC Services Co Ltd, has been appointed and together with his company’s Myanmar associates, they will provide the crucial follow-up services which include consultancy, feasibility studies, company formations, finding land for factories, getting approval, drafting agreement, getting funding, securing projects. Myanmar will grow to become a formidable production base for the world with its educated workforce who are eager to learn, Tan said.

More information on the conference can be obtained from http://www.myanmarbusinessconference.com.