(From L-R) Peter Brimble, principal country specialist of Asian Development Bank, Vikram Kumar, resident representative of International Finance Corporation, U Set Aung, vice governor of the CBM, and U Aung Htun, managing director of MIL.
Myanmar Investments International Limited has hosted its inaugural “Investor Day” conference in Yangon last week.
On October 12, institutional and high net worth investors from Europe and Asia gathered at the Park Royal Hotel to get an update on the economic and political situation in Myanmar as well as in-depth presentations on key sectors of the economy.
The key note discussion on “Myanmar’s economic prospects” was provided by U Set Aung, vice governor of the Central Bank of Myanmar, Vikram Kumar, resident representative of International Finance Corporation (IFC), and Peter Brimble, principal country specialist of Asian Development Bank.
The day also included numerous presentations and discussions from 16 leaders from a range of different Myanmar industries including retail, media, tourism, real estate, infrastructure, telecommunications, natural resources, financial services and law.
In total over 60 participants attended the event.
U Aung Htun, managing director, and Mike Dean, finance director of Myanmar Investments, then closed the day-long conference with a briefing on the company’s portfolio and updates on the investment program.
U Aung Htun said, “The strong attendance from global investors at the ‘Investor Day’ demonstrates the continued interest that foreign investors have for Myanmar. The Investor Day provided an opportunity for these investors to not only learn more about the country’s potential but also to have a direct dialogue with a broad range of Myanmar leaders and entrepreneurs.”
Myanmar Investments is listed on the London Stock Exchange’s AIM Market for the purpose of investing in businesses operating in or with business exposure to Myanmar.
Since June 2013, MIL has raised $30 million for investment in Myanmar. It has already made investments in Apollo Towers Pte Ltd, a telecommunication tower company, and Myanmar Finance Company Limited, a microfinance firm.
