Upward tick in malaria cases threatens global efforts to eradicate disease

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Upward tick in malaria cases threatens global efforts to eradicate disease

Economy May 07, 2018 09:35

By The Nation

The Asia Pacific Leaders Malaria Alliance (APLMA) and DT Families Foundation have signed an agreement that will make a tangible difference to permanently eliminating malaria in Thailand

.

Malaria was once the biggest killer of mankind and remains an entrenched global

health challenge. The threat from the mosquito-borne infectious disease has also risen dramatically with the recent emergence of drug-resistant strains in the Greater Mekong sub-region.

Between 2000 and 2015 the world made remarkable progress in reducing malaria,

with the number of those affected down by 37 per cent and deaths by 62 per cent.

In Thailand, the improvement was even better, with the number of malaria sufferers down 65 per cent from 2010 to 2016.

Thirty-five Thai provinces were recently declared malaria-free, moving the country nearer to its national malaria elimination target of 2025.

But global progress is stalling. According to a 2017 report, worldwide malaria cases in 2016 were estimated at 216 million, up five million on the previous year.

Emerging forms of drug-resistant malaria in the Greater Mekong sub-region also threaten a resurgence in malaria-related deaths, which would cause serious social and economic impacts and strain healthcare systems.

“This must be a wake-up call that our previous success is at risk and that the malaria control strategies of the past will not be as effective in the future,” said Dr Benjamin Rolfe, the CEO of APLMA.

Myanmar businesses join hands for FDI

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Khin Maung Aye
Khin Maung Aye

Myanmar businesses join hands for FDI

Economy May 07, 2018 01:00

By KHINE KYAW
THE NATION
YANGON

THE MYANMAR Investors Development Association (MIDA), an alliance of large-scale local enterprises, will help the government achieve its economic goals by actively engaging with local and foreign investors, according to its chairman Khin Maung Aye.

”For our country to grow further, we need to create thousands of jobs for our citizens. Job creation entirely depends on investments we receive from local and foreign companies,” he said.

“Foreign investors still have some difficulties investing in Myanmar while local businesses are facing challenges on how to make contact with foreign counterparts. It is still hard for the private sector to ensure proper contacts with foreign investors. That is how we came to realise the urgent need for a medium that can help local businesses and foreign investors get connected.”

With this objective in mind, MIDA was established in early 2015 as a Yangon-based non-profit organisation which aims to create a linkage between the locals and foreigners willing to invest in Myanmar, chiefly in infrastructure and labour-intensive projects.

Focusing on Myanmar’s emerging market and development potential, the organisation aims to provide the latest information and necessary assistance to investors. That would enable them to make important decisions and capitalise on investment opportunities arising out of the nation’s improving political climate.

“We advise foreign companies on various sectors of Myanmar’s economy with high potential for growth,” said Khin Maung Aye.

“We are able to render technical advice to foreign investors as to how to comply with the domestic laws, rules, regulations, notifications, directives and procedures in the most effective and efficient manner,” he said.

“In this regard, we try to connect foreign companies to local professional entities and relevant governmental departments and enterprises. We work closely with a number of government organisations, ministries, the Myanmar Investment Commission (MIC), as well as investment committees in all States and regions.”

Led by Cooperative Bank Limited and KMA Group of Companies, the organisation currently has 32 executive board members and more than 80 members representing big private companies and public companies that invest in all areas of Myanmar, but chiefly covering Yangon, Bago, Mandalay, Tanintharyi regions and Shan State.

“We warmly welcome every investor who is willing to join us in lending a helping hand to the government for ensuring more investment flows into the country. But they should be authorised businesses investing in MIC-approved projects,” he said.

Khin Maung Aye sees tremendous investment opportunities in a range of sectors, including agriculture, forestry, oil and gas, mining, infrastructure, and hotels and tourism. However, the opportunities remain underutilised for various reasons, he said.

“Although foreign investors are aware of the government’s strong political will to open up the country and to create a favourable investment climate through preferential policies and various investment incentives, there has been an information gap between potential foreign investors and local enterprises.

“As a result, prospective investors are not in a position to make informed decisions before investing here without first having comprehensive information on economic statistics, policies, laws, rules, regulations, processes, the investment environment, market conditions and demand – as well as existing and planned projects in Myanmar,” he said.

In this regard, MIDA has planned to organise a series of investment forums at home and abroad. Last year, it held a large forum in Nay Pyi Taw, attracting more than 1,000 participants. Over half of them were foreign investors from international companies, including some billionaires who came to Myanmar’s capital on their private jets.

The organisation also held an investment forum in Japan, which attracted top-10 Japanese businesses. It has the MIC chairman’s approval to hold a similar forum in China in late June, to be followed by a forum in India scheduled for November this year after an invite from India’s envoy.

According to Khin Maung Aye, the organisation has also planned to expand high-level investment forums at the regional level, starting with Yangon this week.

The first-ever Yangon Investment Forum is set for May 9 in cooperation with the Yangon Region Investment Committee and foreign partners including GIZ and PWC Co. There, Yangon chief minister Phyo Min Thein is set to unveil the region’s investment strategies.

“As the event draws near, we see more and more foreign companies register to attend. It is a very good signal that the international community continues to have an interest in doing business here,” he said.

He said similar forums would be held in Mandalay and Nay Pyi Taw later this year.

“We have yet to inform the regional governments of our plan [to organise the forums]. But we believe the authorities will allow us to make it happen,” he said.

He considers Yangon, Bago and Mandalay regions as well as Shan State as the most promising areas for investment growth.

“We sometimes get new ideas from some investors we meet. For one thing, an investor asked me if we would leave the [Irrawaddy] River alone, without any maintenance and proper use for public benefits. That suggestion helped us come up with an idea to save the [Irrawaddy] and to make good use of it for national economic growth,” he said.

Thailand a future hub for auto software

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Ikura
Ikura

Thailand a future hub for auto software

Economy May 07, 2018 01:00

By SIRIVISH TOOMGUM
THE NATION

THAILAND has a lot of potential to become a hub of automotive software development in the Asia Pacific region, Koichi Okoshi, president and chief executive officer of Toyota Tsusho Nexty Electronics (Thailand) Co Ltd (NETH) said.

NETH’s main business is in-vehicle embedded software development. It uses Thailand as a base for automotive software development and exports such software to Japan.

Okoshi added that the technical skills of software development engineers in Thailand are comparatively high among countries in the region.

Atsushi Aoki, president of NEXTY Electronics Corporation, NETH’s parent company, said countries in Asia have adequate numbers of very proficient engineers, but he believes Thailand has the advantage of having been involved for several years in in-vehicle software development.

He added that built-in software for automotive use will grow together with improved production engineering. Therefore, if the manufacturing site of the vehicle and the design site of the software are separated, even if huge amounts of money are budgeted it might be difficult to efficiently develop embedded software.

He said that for the past nearly 15 years, Japan and Thailand have grown together, especially in hybrid vehicles and electric vehicles, which utilise embedded software for automobiles.

Aoki said that Japan is now a hub for in-vehicle software development as Japanese vehicle manufacturers have been successful in creating the Blue Ocean by themselves and launched products in the market ahead of competitors, while major software companies in the Asia-Pacific region are developing software for existing markets.

“In addition to that, our Kaizen sprit – the spirit of continuous improvement – is reflected in the business. We believe that makes customers highly satisfied with Japanese-made cars. Therefore it is no surprise that Japan has become a hub for in-vehicle software development as “we have created what the market is seeking”.

When asked how NETH plays a role in helping Thailand achieve the goal of becoming a hub of automotive software development in the Asia Pacific region, Masami Ikura, NETH’s chief technology officer, said: “We are playing a great role in nurturing excellent engineers of tomorrow, by providing them opportunities to get a great deal of experience in our company.

“Those experiences will help them become key players for enhancing their presence in Thailand in the future. To that end, we would spare no effort to provide cooperation for cultivating embedded system engineers in major universities in Thailand,” he added.

He said that in-vehicle software development directly affects the lives of drivers and passengers. Even a small mistake may endanger their safety. Therefore, persistent efforts and strong motivation to produce better things are imperative.

Meanwhile, Okoshi added that various experiments have been conducted to realise autonomous driving in western countries and Japan.

“We will do our best to make autonomous driving possible even in Thailand, so that we can contribute to the country,” he added.

In early April, NETH together with its private and state partners, organised its second annual student meeting on Automotive Embedded System, welcoming university students to show their talents on software development to control autonomous vehicles.

The contest is aimed at stimulating human resource development in automotive software to serve the advent of the “Future Automotive” era. Twelve software teams, selected from universities around the nation, participated.

The winning team was LKB48 from King Mongkut’s Institute of Technology Ladkrabang, while the first runner-up was Double E team from King Mongkut’s University of Technology North Bangkok. The team Antman from King Mongkut’s University of Technology Thonburi was the second runner-up and also received the Good Design Award.

First quarter results not expected to push up SET Index

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First quarter results not expected to push up SET Index

Economy May 07, 2018 01:00

By The Nation

THERDSAK THAVEETEERATHAM Executive Vice President / Research ASIA PLUS SECURITIES

The SET Index is short of support on expectation of being in a range of 1,760-1,800 points.

This week, first quarter results are expected not to weight positive and push up the SET Index, given a high profit base at Bt288 billion in the first quarter of 2017 as a result of higher commodity prices which led to stock gains then. Net profit could see significant drops particularly in groups involving manufacturing products. And compared to 2017 fourth-quarter results of Bt255 billion – higher than average – first-quarter results in 2018 may be seen steady or slightly slowed down. Foreign capital is believed not to flow back as 10-year US bond yield stays 33 basis points higher than the 10-year Thai bond yield. The US benchmark rate is forecast to rise at least twice for the rest of this year, while Thai policy rate is projected to remain steady. In this situation, the baht is expected to depreciate against the US dollar. Based on these factors, foreign capital is estimated not to move back to Thailand even though foreign investors currently have much lower holdings of Thai stocks.

Given both 1Q18 results and capital movement, the SET Index is expected to be volatile in a narrow range this week. The resistance line is 1,800 points. At 1,760 points, it could be a strong support line with price to earnings ratio of 16 times (based on estimated earnings per share of Bt110 in 2018).Focus on companies whose market caps are not very large with specific positive factors like QH with its dividend yield of higher than 6 per cent, DTAC with less pressure in operations after signing a contract to manage 2300MHz or PLANB and estimated high profit growth in 2018.

Key leadership skills for corporate growth

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ARINYA
ARINYA

Key leadership skills for corporate growth

Economy May 07, 2018 01:00

By SPECIAL TO THE NATION

UNDOUBTEDLY, the role of leaders play an important part in the success of your business.

But the thing about leadership is that it has such a broad meaning that it is nearly impossible to pinpoint what exact leadership approach would best suit your people.

The reality is that it is truly impossible to choose just one ideal leadership style. One approach can reach and inspire many, but the same approach might not work at all for others. This is why developing a situational leadership skill set is important.

According to the Ken Blanchard Companies, a model developed by Hersey and Blanchard suggests that situational leadership calls for leaders to use more than one leadership style, matching them to each individual and his or her development level for a task.

But how does a situational leader know the right approach? The situational leader approaches this by building three skills crucial to this leadership style.

The first skill that situational leaders must master is goal setting. The goals must be SMART – specific, motivating, attainable, relevant and trackable. Each element of a “smart” goal is crucial to both the leader and the individual or team. The benefit of developing this skill is to make sure that both the leader and the individual have the same understanding of what the goal is. It clarifies what the individual must achieve, how much and when.

The second skill to develop is diagnosis. As mentioned earlier, situational leaders must be able to diagnose the individual’s development level for the task – their competency and commitment. Competence refers to both the knowledge and skills required, those specific for the task as well as any transferable skills that can be applied. Meanwhile, commitment refers to the confidence and motivation the individual has for the task.

The benefit of the diagnosis skill for the situational leader is to develop their ability to understand their own people better and how they feel about a task or goal. Empathy is such an important aspect in this skill as it allows the leader to deeply understand others.

The third skill, which directly comes after diagnosis, is leadership style matching. After understanding how competent and committed the individual is towards the goal or task, the situational leader will be able to identify what leadership style to use – directing, coaching, supporting and delegating – involving the two varying types of behaviours of being directive and supportive in each style. Directive behaviour refers to structuring, controlling and supervising the task for the individual, while supportive behaviour, on the other hand, refers to listening, praising and facilitating the task for the individual.

The benefit of varying the style of leadership is clear – every individual has different development levels towards different tasks. The situational leader applying different styles will insure that the leader can bring the best out of the individual.

To give you a clearer image, take the example of a coaching leadership style. This leadership style is applied for the individual with little to some competence but low commitment for the task. The situational leader will apply behaviours that are both highly directive and supportive to meet the needs of a person with some level of competence but low commitment.

The benefit for leaders in developing all these skills comes not only from their own positive outcomes, but also from positively affecting one of the most important elements of leadership – your people.

Additionally, you would eventually develop a leadership language that your people would have the opportunity to learn. This increases productivity and motivation as your people would also have better understanding of you, as leader.

Another benefit is having a clear guideline that a model provides. Often times, leaders already know how to lead their people. But leaders, such as newly appointed managers, will have to unlearn and relearn as they’ll have new tasks and new people to manage. The model gives them a foundation to begin their leadership journey.

This is an effective and successfully tested model developed by Hersey and Blanchard that can help leaders with how they can best lead their people. Still, your people are going to develop their own patterns of behaviour. As effective business leaders, the key to becoming a situational leader is flexibility, and only then can your organisation grow.

ARINYA TALERNGSRI is chief capability officer and managing director at SEAC (formerly APMGroup), Southeast Asia’s leading executive, leadership and innovation capability development centre. She can be reached by email at arinya_t@seasiacenter.com or https://www.linkedin.com/in/ arinya-talerngsri-53b81aa

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Economy May 05, 2018 01:00

By The Nation

SIX SUBMIT BID PAPERS

Six companies yesterday submitted their bid documents for exploration and production rights in the Bongkot and the Erawan gas fields.

They were PTT Exploration and Production Plc (PTTEP), Chevron Thailand Exploration and Production, Mubadala Petroleum (Thailand) Limited, OMV, Total E&P Thailand, and a consortium of several firms.

The Department of Mineral Fuels’ deputy director general Sarawut Kaewtathip said that all six submitted documents for the Erawan field. Only five handed in documents for the Bongkot field, withTotal E&P Thailand abstaining.

SKILLS ALERT SOUNDED

Skills shortages will continue to impede growth and could have a significant impact on major Asia-Pacific economies by 2030, a study by Korn Ferry revealed yesterday.

“Companies must work to mitigate this potential talent crisis now to protect their future,” said Michael Distefano, president of Korn Ferry Asia Pacific. “Left to run its course, this shortage will severely impact the growth of markets across the region.”

Thailand puts on best face as prime Asean centre for beauty pageants

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Pawina, confident on the industry's outlook
Pawina, confident on the industry’s outlook

Thailand puts on best face as prime Asean centre for beauty pageants

Economy May 05, 2018 01:00

By KWANCHAI RUNGFAPAISARN
THE NATION

THAILAND is increasingly becoming the prime centre for the staging of international beauty contests in Asean, a trend that a key industry player says is in line with the government’s Thailand 4.0 model to promote the tourism sector and related businesses.

Pawina Bamrungrot, managing director of Miss Aura International Co Ltd (MAI), said that the holding of beauty pageants is a business that falls under the tourism industry. Benefits to the country include money generated from sponsorships, transport, media activities and advertising, Pawina said.

“We estimate that more than Bt500 million per year is being generated by Thailand’s hosting of beauty contest activities, working out at between Bt15 million and Bt20 million for each content,” she said.

“That can be a starting point for boosting other related businesses, such as business travel, hotels, air and land transport service, as well as advertising and public relations. The move will reinforce the government policy, backed by the private sector, to mobilise the tourism sector in Thailand under the Thailand 4.0 economic model.”

Pawina said that MAI has expertise in hosting beauty pageants both in Thailand and beyond. The company also owns the copyrights from ERM Thailand for hosting more than 18 major beauty pageant contests all over the world.

“These factors show that we are more than just an organiser of beauty pageant contents,” Pawina said. “If you look at the overall beauty pageant contest industry in Asean, we (Thailand) are at the centre of it in the region. MAI represents Thailand as an organiser of local beauty pageant contests.

“We also hold the right for hosting international beauty contests in Thailand. Today, MAI as a leader in international beauty pageants, aims to develop the beauty industry continuously in Thailand and beyond. We are ready to move the industry forward to a world-class level.”

MAI, which also organises modelling competitions, is gearing up to host Miss Tourism Queen International 2018 from May 8-17. The final round of the contest will be held on May 16 at the Royal Thai Navy Convention Hall.

Pawina said the company is more active than ever with introducing diversity in the contest formats to respond to global trends. “The beauty pageant business in the international market today has reached the stage where the competition is more aggressive,” Pawina said. “Copyrighted and non-copyrighted beauty pageants alike have adjusted their ways of organising the contests to respond to the global trend. MAI will continue to develop new forms of contest activities, and judging criteria to respond to the global trend. The contest information will be fully publicised through social networks to cover worldwide target groups and promote Thailand’s image in this industry.

“As the business leader in organising domestic and international beauty pageants and modelling competitions, and the holder of ERM copyrights, we are ready to sell our franchises to international buyers.

“Last year, we sold five franchises of international beauty pageants including Miss All Nation, and Miss Tourism Queen. We also sold 10 franchises in Thailand including Mister Manhunt International, and Miss all Nation. Our revenue target for the year 2018, which includes ERM copyright sales and MAI’s competition organising is set to grow by 5 per cent, for an increase of Bt30 million,”

She said the aim of the Miss Tourism Queen International 2018 “is not only to seek the most beautiful and talented girls, but also to create a good image of Thailand” and to help strengthen the economy. “We are ready to help promote Thailand’s tourism industry and help the government achieve the target of driving Thailand towards the top 10 of tourism countries,” Pawina said.

Reforms in line for Article 44 nudge

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Kobsak Pootrakool, Minister of the Prime Minister's Office, outlines the government's reform commitment.
Kobsak Pootrakool, Minister of the Prime Minister’s Office, outlines the government’s reform commitment.

Reforms in line for Article 44 nudge

Economy May 05, 2018 01:00

By WICHIT CHAITRONG
THE NATION

THE government is set to wield its sweeping powers under a constitutional provision more often to speed up a series of economic and other reforms over the coming months, a senior government official said yesterday.

The use of the contentious Article 44 under the interim constitution – a power vested with the junta chief – was likely to be used more frequently to clear a path through regulatory obstacles, Kobsak Pootrakool, Minister of the Prime Minister’s Office, told a press conference.

“The government will consider applying Article 44 in the next two to three months in order to turn many proposals under the reform agenda into tangible practices,” Kobsak said.

His comments came after he chaired a meeting of the committee responsible for driving the national reforms.

Kobsak also met with senior officials from all ministries as part of his efforts to seek cooperation from them for the reforms – on the social, economic and political fronts – to be pushed through under the government’s controversial 20-year national strategy.

Among these aims, the government would pare the large public sector into a lean structure, he said.

For the next few months, the government will implement a so-called quick-win strategy for 30 projects to be pushed ahead, Kobsak said. These include initiatives such as allowing farmers to grow and make use of protected trees, such as for teak and Siamese rosewood timber, on their land, he said. The government will initiate about 110 flagship projects and activities related to the reform agenda, Kobsak said.

The government will also draft 80 items of legislation and amend about 100 existing laws that are deemed obsolete, said Kobsak.

“If the government needs to make changes to the current laws, it may opt to use Article 44 to speed up the process since the passage of legislative amendments via the National Legislative Assembly takes too much time,” he said.

After that, the government planned to start series of reforms before the next election early next year, Kobsak said. The first group of reforms would cover five key areas, he said.

Kobsak marked out the public sector as the first target for the reforms, with the aim of improving public services. He cited as an example a proposal to allow people to file complaints with any police station, instead of just the station where a criminal case has arisen, as is the current practice.

The government may also set up a higher education ministry as part of reforms in university education.

The Ministry of Tourism and Sports and the Ministry of Science and Technology would be among the first ministries to be reformed, Kobsak said.

Efforts to improve people’s living standards made up the thrust of the second area of reform. The use of social enterprises and community banks would be promoted, among other measures, Kobsak said.

In the third area of focus, the government would tackle corruption and set up a watchdog centre. A related measure would see the government would create a software application that enables people to report irregularities at government offices, Kobsak said.

He identified a fourth group of reforms as efforts to narrow the widening gap between rich and poor. Measures would include new taxes and a redistribution of land ownership. A fifth area of focus concerns the promotion of a form of democracy that encourages the participation of ordinary people. This would lead to what Kobsak called political decentralisation.

Asked about the approach for reform of influential ministries, such as Interior and Defence, Kobsak said the process would take time for the large ministries.

He claimed the junta-backed government had carried out a series of reforms but people could not remember them.

Kobsak’s comments appear at odds with what many people perceive as the economic and political realities in Thailand. This gap in perception is evident from the growing complaints about the government’s poor economic performance and a lack of civil liberties and associated widespread violations of human rights.

A group of political activists has called for an early election and demanded opportunities for people’s participation in public affairs. The oft-delayed poll has been put back to early next year. Critics have also taken aim at the 20-year national strategy as being among the tools the junta can use to maintain its hold on power.

Singapore stages startup summit

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Singapore stages startup summit

Economy May 04, 2018 17:53

By The Nation

Dr Koh Poh Koon, Singapore’s trade minister, and Dr Pansak Siriruchatapong, vice minister of the Ministry of Digital Economy and Society, recently hosted the Global Innovation Alliance Bangkok event which included a memorandum of understanding (MOU) signing ceremony between the government and private sectors of Thailand and Singapore.

Thanasorn Jaidee, president of True Digital Park, Thailand’s first and Southeast Asia’s largest digital hub, signed the MOU with Edmas Neo of the Action Community for Entrepreneurship (ACE) Singapore, to integrate the two countries’ startups.

True Group said the collaboration would bring an exchange of in-depth information to establish its “True Digital Park – ACE Singapore Centre” at the True Digital Park, which would advise both Thai and Singaporean startups, organise activities to equip firms with the necessary know-how. It will also provide opportunities for Thai and Singaporean startups to expand their business and increase competitive advantage in Southeast Asia.

Yangon gears up to lure more investment into business hub

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Yangon gears up to lure more investment into business hub

Economy May 04, 2018 01:00

By KHINE KYAW
THE NATION
YANGON

AS INVESTORS await Myanmar’s new moves to open up the economy, the regional government of Yangon plans to unveil its investment strategies at the first Yangon Investment Forum (YIF2018) next week, according to a regional minister.

Planning and Finance Minister Myint Taung said at a press conference on Wednesday that Yangon region Chief Minister Phyo Min Thein is set to reveal the government’s strategies at the full-day event to be held on May 9 to attract more local and foreign investments in Myanmar’s commercial hub.

“Yangon region is home to 45 townships with 33 under the management of Yangon City Development Committee (YCDC) and 12 outside the YCDC area. At YIF2018, the chief minister is set to explain which townships will be the most suitable for the implementation of new industrial zones and which areas in this region should be the best to build new cities,” he said.

Myint Taung said the chief minister will lead a team of regulators, policy-makers and investment experts that will shed light on Myanmar’s investment framework and the new Myanmar Investment Law, taxation, present current investment landscape, and emerging bright spots.

He said the discussions at the forum would prioritise on 6 key sectors – agriculture, energy and electricity, logistics, tourism, textile and garment, and banking. Jointly conducted by Yangon region investment committee and the Myanmar Investors Development Association (MIDA), the forum aims to attract over 700 participants with half of them foreigners representing various companies and organisations.

Khin Maung Aye, chairman of MIDA, expects the forum to play a key role in attracting new investors to Yangon region.

“Yangon takes up the lion share of investments in Myanmar, as a number of commercial activities are usually carried out here. It is still an important region with the highest amount of the total investment flow to Myanmar,” he said.

Strengths and attractions

“Our invitation alone cannot attract foreign investors to invest here. We can make it possible by ensuring the strengths and attractions of Yangon.

“We need to arouse investors’ interest by showing off our attractions first. It is one of the main reasons why we have decided to hold YIF2018.”

According to Khin Maung Aye, local and foreign businesses alike cannot even wait to hear from the chief minister about the regional government’s investment strategies.

“We are so eager to cooperate with regional authorities and foreign investors. MIDA has provided the regional government with some suggestions that could be helpful to attract foreign direct investment. With that, we do believe the strategies would move Yangon forward,” he said.

To date, the region has received 585 local enterprises with a total investment of nearly 7 trillion kyats and 845 foreign-owned enterprises valued at US$20.3 billion. Additionally, Yangon region is home to 30 industrial zones including Myanmar’s largest industrial estate in Hlaing Thar Yar township and the Thilawa special economic zone.

The German Federal Ministry of Economic Cooperation and Development has also supported the event through GmbH GIZ.

Tobias Stolz, head of GIZ programmes in Myanmar, said the forum would promote investment and provide useful information to potential investors.

“Designed to highlight investment opportunities, attract foreign direct investment, and mark the country’s return to international markets, this forum will be one of the major milestones in the implementation of the government’s business and investment reforms,” he said.

At the forum, GIZ will launch the Investment Application Guidebook which provides easier access to valuable information on investment application procedures.

The development of the guidebook was supported by the German Cooperation and implemented by GIZ in cooperation with the Directorate of Investment and Company Administration.