A long-term view to opportunities

Known as one of the last frontier markets in South East Asia, Myanmar’s ongoing transition to a market-oriented economy and electoral democracy has caught the attention of investors worldwide. 

The country continues to undergo rapid change as it aims to integrate itself into the regional and global economy in the coming years, and has been focused on shaping itself to attract and facilitate foreign investment to spur its economy. What does this liberalisation mean for Myanmar?

The 3rd Myanmar Business Leaders' Summit organised by Dentons Rodyk was successfully conducted on Wednesday, 23 May 2018, and gathered local business leaders and policy makers to discuss the country’s development opportunities. Held at the Sule Shangri-La Hotel in Yangon, this year's theme was: A long-term view to opportunities.

The event was graced by Singapore Ambassador to Myanmar H.E. Ms. Vanessa Chan and Director General, Directorate of Investment and Company Administration U Aung Naing Oo, alongside other notable figures from the public and private sectors. H.E. Ms. Vanessa Chan gave the opening remarks, and U Aung Naing Oo delivered a keynote address, speaking on the upcoming Company Act and its impact on businesses.

Main discussion points: 

• Myanmar’s business attraction over 2017 and the country’s outlook for 2018 and beyond 
• Digitisation in Myanmar will bring millions of people into the financial system formally – providing them access to secure, regulated, reliable services
• The key to development in Myanmar is the improvement of infrastructure. With multi-lateral agencies pushing the PPP model as a means of creating certainty around the framework for infrastructure investment, Myanmar needs to accelerate its infrastructure program
• Property development projects, including city developments and industrial estates are creating more opportunities for investors
• China’s BRI Initiative offers significant opportunities for infrastructure investment in Myanmar – and will also pave the way for significant industrial investment

The summit was attended by an estimated 180 guests, including representatives from Dentons Rodyk and Dentons Myanmar Limited.

About Dentons Rodyk

Dentons Rodyk is one of Singapore's Big Five law firms in Singapore, with a team of around 200 lawyers offering clients a full suite of legal services necessary to do business locally and globally. With over 160 years of establishment, consistently ranked highly in leading publications, we pride ourselves on providing the highest quality advice to our clients while maintaining strong working relationships with key public sector agencies and leading organisations in the private sector. Our combination with global law firm Dentons, makes us part of the world’s largest law firm with 20,000 professionals in over 200 locations in more than 80 countries.

Designed to be different, Dentons can help you grow, protect, operate and finance your business. Our polycentric and purpose-driven approach, together with our commitment to inclusion, diversity, equity and ESG, ensures we challenge the status quo to stay focused on what matters most to you.

The first global pan-ASEAN law firm, Dentons ASEAN has an established history in Indonesia, Malaysia, Myanmar, Vietnam and Singapore and will continue to grow our presence through combinations with exceptional local firms across the ASEAN region and help clients navigate change wherever they are located.

In the New Dynamic Decade, clients continue to be confronted with accelerated change and want to work with a purpose-driven law firm that has the experience and confidence to help them thrive at wherever they are located. Through our combinations with firms that are leaders in their respective communities and local markets, along with the partner firms in Dentons’ Nextlaw Referral Network, Dentons is ideally positioned to support our clients everywhere in ASEAN and around the globe.