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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About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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