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Interview

Peter Beynon, Chairman, British Chamber of Commerce Myanmar: Interview
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Interview:Peter Beynon As Myanmar continues to carry out reforms, what key areas can the country improve upon to promote investment? PETER BEYNON: Myanmar is currently engaged in a dynamic process of transition to a democratic, market-led economy from one that has spent 50 years isolated from the international business community. This has left the country with the advantage of being a blank…
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U Yin Zaw Myo, Managing Director, Yangon Stock Exchange (YSX): Interview
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Interview:U Yin Zaw Myo How far has the YSX progressed, and what milestones do you want to reach in the medium term? U YIN ZAW MYO: Within the first eight months of YSX starting stock trading, three companies were listed on the exchange, and we hope to add more during the 2016 fiscal year. To date, we have a total trading volume of over 1.5m shares in the market, worth around MMK59bn ($53.1m)…
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Quach Hung Hiep, Senior Executive Vice-President, Bank for Investment and Development of Vietnam (BIDV): Interview
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Interview:Quach Hung Hiep What were the factors behind the decision to apply for an operating licence for Myanmar? QUACH HUNG HIEP: We see great potential in the Myanmar market. Once a closed economy, Myanmar is now transforming, and integrating its market with the ASEAN region and the world. In recent years, we have witnessed a rapid increase in commerce and investment activities from Vietnamese…
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Sean Turnell, Economic Advisor, National League for Democracy (NLD); and Associate Professor, Department of Economics, Macquarie University: Interview
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Interview:Sean Turnell How would you assess the economic liberalisation that has taken place in Myanmar so far? SEAN TURNELL: In recent years some important foundations have been laid for the structural transformation of Myanmar’s economy. The floating of the exchange rate back in 2012 was a crucial technical reform, but it was an even more important symbolic gesture in signalling the return…
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Billy Harkin, Chairman, Energize Myanmar: Interview
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Interview:Billy Harkin What is the current status of electrification efforts in Myanmar, and how can the rate of electrification be increased in the coming years? BILLY HARKIN: Collectively, across all of the various generation technologies, Myanmar has just over 5 GW of installed power generation capacity. In context, that’s about one-fifth as much power per head of population as neighbouring…
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Keiichiro Nakazawa, Chief Representative, Japan International Cooperation Agency (JICA), Myanmar Office: Interview
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Interview: Keiichiro Nakazawa What are the comparative advantages Myanmar possesses in the manufacturing industry? How do you see them developing over time? KEIICHIRO NAKAZAWA: Politically, when the government of U Thein Sein, former president of Myanmar, worked to make the economy more market-oriented, it opened up opportunities and the new government has been working to expand these. There was…
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Wong Heang Fine, Group CEO, Surbana Jurong, on strong partnerships and fruitful collaborations: Interview
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Interview:Wong Heang Fine To what extent will the development of smart cities have an impact on the economic progress of the ASEAN region, in your opinion? WONG HEANG FINE: When you talk about the development of smart cities, you need to ask how you define smart. This depends on the development of the cities. Everyone has a different definition. As cities develop and become more populated due…
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Michelle Simmons, General Manager of South-east Asia New Markets, Microsoft Asia Pacific: Interview
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Interview:Michelle Simmons How advanced is Myanmar in terms of its ICT infrastructure development compared with its neighbours in the region? MICHELLE SIMMONS: Myanmar’s “last-mover advantage” is unique among developing countries in South-east Asia, and this presents the country with an opportunity to learn from the successes and failures of its neighbours to grow and modernise its ICT…
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Omar Shahzad, Group CEO, Meinhardt Group, on how to attract investors to the country: Interview
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Interview:Omar Shahzad What measures can be taken to encourage foreign investment in Myanmar’s infrastructure? OMAR SHAHZAD: All over Asia there is a huge requirement for infrastructure spending. It is said that $8trn needs to be spent over the next 20 years on infrastructure projects in Asia. There is a huge investment gap in Myanmar, where infrastructure spend was only around $2bn in 2015,…
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David Madden, Founder & CEO, Phandeeyar: Myanmar Innovation Lab: Interview
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Interview:David Madden In what ways can technology act as a catalyst for social development initiatives? DAVID MADDEN: This is one of the big opportunities for Myanmar. The country has a lot of catching up to do, but there’s enormous potential to use technology to accelerate change and development. In two years Myanmar has gone from having just a few million people connected to the internet…