Singapore: Port investments in the fast-opening up nation of Myanmar are expected to be high on the agenda at the second New Myanmar Investment Summit to be held in Yangon later this month. The summit comes as the country is set to change its foreign investment laws, making foreign direct investment far easier in this backwater of southeast Asia.
Organized by Singapore-based Centre for Management Technology, top officials from the Ministry of Finance and Revenue, Directorate of Investment and Company Administration (DICA), Ministry of Electric Power, Ministry of Mines and Central Bank of Myanmar, will participate in the two-day investment summit which is to take place from October 17.
The investment summit will discuss the country's commercial issues including mining, power and electricity, telecommunications, port business, banking, property and agriculture and plantations as well as trading sectors.
Currently, Hong Kong’s Hutchison Port Holdings is the only major terminal operator with an interest in Myanmar. This is expected to change soon as interest hots up in Myanmar. [01/10/12]