June 29, 2017

Breaking News

High-net worth investors from Europe and Asia attend Myanmar investment conference

Keynote speakers address the audience during the investment conference held in Yangon this week.  Photo: Myanmar Investments International Limited
Keynote speakers address the audience during the investment conference held in Yangon this week.
Photo: Myanmar Investments International Limited

MYANMAR Investments International Limited hosted its inaugural investor conference in Yangon this week.
The London listed investment company invited 60 institutional and high net worth investors from Europe and Asia to the conference, which was held at Park Royal Hotel on 12 October.
Conference attendees were updated on the economic and political situation in Myanmar and in-depth presentations on key sectors of the economy were given.
Myanmar Investments International Limited (MIL) Managing Director U Aung Htun said, “The strong attendance from global investors at the Investor Day demonstrates the continued interest that foreign investors have for Myanmar. The event provided an opportunity for these investors to not only learn more about the country’s potential but also to have a direct dialogue with a broad range of Myanmar leaders and entrepreneurs”.
Key note discussions on Myanmar’s economic prospects were given by the Vice Governor of the Central Bank of Myanmar H.E. U Winston Set Aung, Mr Vikram Kumar, the Resident
Representative of the International Finance Corporation (IFC) and Mr Peter Brimble, Principal Country Specialist of the Asian Development Bank (ADB).
The day also included numerous presentations and discussions from 16 leaders from a range of different Myanmar industries, including retail, media, tourism, real estate, infrastructure,
telecommunications, natural resources, financial services and the law.
MIL’s Managing Director U Aung Htun and Finance Director Mike Dean provided briefings on the company’s portfolio and investment programmes.
“Whilst it is clear that Myanmar faces many challenges, the foreign investors at our conference were able to get direct insight into the long term opportunities the country offers. By aligning expectations on both sides we hope to set the foundations for long term sustainable growth,” Mr Dean told The Global New Light of Myanmar on 15 October.
Myanmar Investments is listed on the London Stock Exchange’s AIM Market for the purpose of investing in businesses operating in Myanmar, or with exposure to it.
The company has already made investments in Apollo Towers Pte Ltd, a telecoms tower company, and Myanmar Finance Company Limited, a microfinance company.
Since its launch in June 2013, MIL has raised US$30 million for investments in Myanmar.

Comments

Related posts

Translate »