Myanmar offers Singapore firms new business opportunities

yangon

Singapore companies can benefit from growing business opportunities in Myanmar amid the country’s rapid development.

New potential partnerships beyond Myanmar’s capital Yangon were highlighted on Tuesday at the IE Singapore Global Conversations dialogue.

The dialogue was attended by a visiting Myanmar delegation, jointly led by chief ministers for Yangon, Bago and Mandalay.

Among the business opportunities is the upcoming Hanthawaddy International Airport in Bago, which is expected to drive demand for aviation-related services such as maintenance, repair and operations engineering, ground handling, catering and air cargo services.

Myanmar’s second largest city and logistics hub Mandalay also offers prospects for establishing export-oriented manufacturing trading activities with China and India.

In the past year, Singapore companies have tapped on business opportunities in the infrastructure, urban development and hospitality sectors in Myanmar.

Singapore is Myanmar’s third largest trading partner and fourth largest investor, with bilateral trade amounting S$3 billion in 2013 – a 70 per cent jump from the year before.

IE Singapore said overseas investments by Singapore in Myanmar have grown at a compound annual growth rate of 31.7 per cent over the last five years, reaching S$3.7 billion in 2012.

 

Source : Channel News Asia | March 18, 2014

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Thomas D’Innocenzi is a highly accomplished, results-focused international consultant with extensive experience in global sourcing and business development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global marketing and sourcing operations. He has extensive experience in international business development to accommodate rapid growth. Skilled in building top-performing teams, bench-marking performance, and developing organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. Tom founded Nova Advisors with the mission of providing expert Global Business Development consulting services for companies seeking to expand their market share as an independent consultant. Tom has a network of experts and advisors throughout the Asia-Pacific region and North America. His expertise includes business development, global sourcing, manufacturing, commodities, logistics, QA/QC, FDA, regulatory compliance, sustainability, and supply chain optimization. Tom is experienced in the medical device, apparel, consumer goods and technology services verticals helping companies advance their global sourcing capabilities and develop new markets through a local and sustained approach. Located in SE Asia and the United States, Tom expands market reach to drive sales. His global sourcing strategy includes directly negotiating with commodity suppliers, supply chain networks and distributors for optimal terms based on his expertise and first-hand knowledge of the players. Contact Tom to use his consulting service to increase your global market and make global sourcing profitable for you in the Asia Pacific Region and the United States. http://www.NovaAdvisors.com thomas@NovaAdvisors.com USA Direct: +1.904.479.3600 SINGAPORE: +65.6818.6396 THAILAND: +662.207.9269
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