Myanmar opens doors to investors
Increasingly Myanmar is seeking to invite investors to come to the country after nearly 25 years in isolation. With opposition leader Aung San Suu Kyi making her debut in parliament last week and openly encouraging cautious investment the country appears increasingly open to business.
To demonstrate the point, President Thein Sein travelled to Cambodia for the US – ASEAN conference and met with senior US businessmen to invite them to invest in the country. Hillary Clinton was present and was supportive; although the US has placed some restrictions on investment including those who invest more than $500,000 must tell Washington about the human rights and anti-corruption policies they are putting in place.
Myanmar’s government are using foreign conference and events companies to promote a number of investment events. On 22nd to 25th July one company, CMT Events is organising an investors conference in Yangon at which the Minister of Mines, Thein Htike, Aung Naing Oo, Director-General of the Directorate of Investment and Company Administration and Win Htein, Director General at the Ministry of Mines will be speaking. Those attending will be allowed a 20 minute consultation with the Minister or one of his senior representatives. Details here.
Another event for the mining industry is being organised on 21st to 22nd January 2013 by Terrapinn, a UK based company, with the apparent sanction of the Ministry. Details here.