BMCC & Standard Chartered Bank Join Forces to Invite
Businesses to Myanmar
BMCC-Standard Chartered Business Series: Myanmar, The Last Business Frontier
(Photo Caption: From left Molly Jagpal, Executive Director of British Malaysian Chamber of Commerce, Neeraj
Swaroop, Regional CEO for South East Asia Standard Chartered Bank, H.E U Tin Latt, Ambassador of the
Republic of the Union of Myanmar in Malaysia, Osman Morad, Managing Director and CEO for Standard
Chartered Bank Malaysia and Simon Landy, Executive Chairman of Colliers International Ltd make up the panel
of speakers at the BMCC – Standard Chartered Business Series 2)
Kuala Lumpur, 3 September 2013 – Myanmar took the spotlight this morning for the second instalment of their specially crafted business talks. Deemed the last business frontier in Asia, many corporations and businesses are now considering the country in terms of market entry and opportunity. These special talks were launched by British Malaysian Chamber of Commerce (BMCC) and Standard Chartered Bank earlier this year to assist growing and thriving businesses in the country.
The event was graced by His Excellency U Tin Latt, the Ambassador of the Republic of the Union of Myanmar in Malaysia and was headlined by Neeraj Swaroop, Regional CEO for South East Asia, Standard Chartered Bank.
Neeraj said "We at Standard Chartered are optimistic about the benefits that Myanmar's reengagement
with the broader international community will bring, both for the country and the wider
ASEAN region as a whole. As ASEAN moves towards establishing an ASEAN Economic Community in
2015, we believe Myanmar's growth potential, if realised, can only enhance the potential of the
region and boost ASEAN's global importance."
Also joining this special panel was Osman Morad, Managing Director and CEO for Standard Chartered Bank Malaysia and Simon Landy, Executive Chairman of Colliers International Ltd.
Simon Landy, when sharing his experience in doing business in Myanmar, said: "It is important to
understand and address the nature of Myanmar's property demands. Occupational demand,
investment demand or speculative demand carries its own branch of opportunity and understanding
this is where we excel."
The event was designed to provide an insight into the enticing new market that has captivated much of the business world's imagination. Myanmar's series of economic reforms over the past year has led to a much more open economy, prompting the lifting of both US and EU sanctions and gearing the country towards a long-awaited growth spurt. The International Monetary Fund (IMF) estimated recently that Myanmar's economy grew around 6.5% percent in 2012/13.
The BMCC-Standard Chartered Business Series give members and clients the opportunity to hear prominent speakers on today's leadership challenges and opportunities. The Forum provides insights whilst engaging and empowering leaders on business excellence, sustainability and related macro-economic policies.