SBF will work with the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). The two federations will sign a Memorandum of Understanding to develop and organize an Executive Program on Myanmar for the International Business Fellowship. The program is co-funded and supported by International Enterprise (IE) Singapore.
The program, targeted at Chief Executive Officers (CEOs) and Chief Financial Officers (CFOs), involves a one-week market immersion itinerary in Yangon. This program will enable approximately 30 Singapore participants understand the investment know-how and gain insights on the dynamics of doing business in Myanmar.
Currently, a SBF delegation comprising 32 CEOs are in Myanmar from April 3 to 5 as part of a trade mission. Participants include business leaders from sectors like financial services, logistics and real estate. SBF had organized about three business missions last year, involving 260 participants from 178 companies interested in investing in Myanmar.
SBF Chairman, Tony Chew is leading the Business Mission. In a statement, he said: “There is significant interest in Myanmar from Singapore businesses. The key objective of this business mission organized by SBF is to further advance the business-to-business relations between Singapore and Myanmar. Through regular exchanges we can and will develop business alliances and partnerships with Myanmar to strengthen and deepen our bilateral trade and investment links. SBF works very closely with our counterpart, The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), to promote greater business linkages.”