Max Myanmar Seeks Deals in Financial Services @ Bloomberg
Summary
TLDRThe transcript discusses the positive impact of the lifting of sanctions on a business owner's ventures in Myanmar, including energy, real estate, retail, and hotels. The owner appreciates the restored dignity and reputation and shares plans for international joint ventures, particularly with Shell, and aspirations for an IPO. The conversation also touches on Myanmar's economic reforms, capacity building through education and training, and the potential for increased U.S. engagement under the new administration, highlighting opportunities for foreign investment and the importance of infrastructure development.
Takeaways
- đ The lifting of sanctions has had a positive impact on various sectors including energy, real estate, retail, and hotels, indicating a broad economic recovery.
- đ The speaker values the lifting of sanctions not only for business growth but also for personal dignity and business reputation.
- đ The business has experienced significant growth since the sanctions were lifted, although an exact figure is not provided.
- đ€ There are ongoing joint ventures, particularly in the energy sector with Shell, which is a sign of international collaboration and trust.
- đą The company is looking to expand its joint ventures and is in talks with various international partners, showing a proactive approach to global business.
- đŒ The speaker has plans to list the company on international markets, indicating aspirations for transparency and growth.
- đ The company is focusing on corporate governance, finance, profitability, and reputation to prepare for a potential listing.
- đ There is an emphasis on capacity building and training to improve the skills of the local workforce to meet the demands of growing businesses.
- đ The speaker acknowledges the importance of global talent and the integration of foreign expertise within the company.
- đ The reform process in the country is ongoing, with the speaker expressing satisfaction with the pace and looking forward to further economic growth and political stability.
- đ€ The speaker encourages potential investors to consider the opportunities in Myanmar, highlighting the need for infrastructure development and the potential for mutual benefit.
Q & A
How has the lifting of US sanctions impacted the interviewee's life and business?
-The lifting of US sanctions has positively affected the interviewee's life and business by restoring dignity, image, and business reputation, allowing for growth and international collaboration.
What was the state of the interviewee's business before the sanctions were lifted?
-The business was struggling due to the sanctions, which affected not only the growth but also the interviewee's personal and business reputation.
How has the business grown since the lifting of sanctions?
-While specific figures are not mentioned, the business has seen significant growth and is actively planning and engaging in international partnerships.
What joint ventures has the interviewee undertaken, particularly in the energy sector?
-The interviewee has entered into a joint venture in the energy sector with Shell, learning from their experience to improve business operations and management.
What is the current status of the joint venture with Shell?
-The joint venture is progressing with the interviewee's company providing equity while Shell manages the operations, aiming to expand into new markets.
Is the interviewee looking to establish more joint ventures?
-Yes, the interviewee is actively seeking more joint ventures, particularly in the financial sector and investment banking, to further grow the business.
What are the interviewee's plans for their company's future?
-The interviewee plans to list the company on an international stock exchange, such as in Hong Kong or London, to increase visibility and attract more investors.
What preparations are being made for the company to be listed on a stock exchange?
-The company is focusing on corporate governance, finance, profitability, and building a good reputation to meet the requirements for listing.
How does the interviewee view the reform process in their country?
-The interviewee is satisfied with the pace of reforms, noting that the country has made significant changes and is moving forward with economic growth and improving the lives of its citizens.
What challenges does the interviewee face in terms of capacity building and skill development?
-The interviewee acknowledges the need for more skilled workers and is investing in training centers to develop local talent, while also considering foreign talent to fill skill gaps.
How does the interviewee perceive the potential for US engagement with Myanmar under the new administration?
-The interviewee is optimistic about increased US engagement, focusing on business opportunities and bilateral agreements such as GSP, which could benefit both countries.
What message does the interviewee have for potential investors who might be hesitant about investing in Myanmar?
-The interviewee encourages potential investors to consider the opportunities in Myanmar, emphasizing the country's growth potential and the willingness to collaborate with international brands.
Outlines
đ Post-Sanctions Business Growth and International Collaboration
The speaker discusses the significant changes in their life and business since the lifting of US sanctions. They highlight the positive impact on various sectors, including energy, real estate, retail, and hotels. The speaker appreciates the restoration of their business reputation and the opportunity for growth. They mention a joint venture with Shell in the energy sector and the importance of international partnerships for running the business efficiently. The speaker also expresses their intention to list their company on foreign stock exchanges, such as Hong Kong or London, and their satisfaction with the pace of reforms in their country. They emphasize the need for capacity building and training to improve the skills of their workforce and the importance of education and health for a better life.
đ€ Encouraging Foreign Investment and Strengthening US-Myanmar Relations
This paragraph focuses on the speaker's vision for engaging foreign investors in Myanmar, emphasizing the need for political stability and bilateral agreements like the Generalized System of Preferences (GSP). The speaker sees potential in the US market for Myanmar's commodities and expresses optimism about American investors' interest in the country. They address concerns about the risks associated with investing in Myanmar by highlighting the importance of infrastructure development and the opportunities it presents for various industries. The speaker also discusses the role of foreign investors in enhancing the country's economy and the mutual benefits of such partnerships.
Mindmap
Keywords
đĄLifting of sanctions
đĄBusiness growth
đĄJoint ventures
đĄInvestment law
đĄEquity
đĄManagement
đĄCapital market
đĄCorporate governance
đĄReform process
đĄCapacity building
đĄForeign investment
Highlights
Life has changed significantly since the lifting of US sanctions, impacting various sectors including energy, real estate, retail, and hotels.
Business growth has been substantial since the sanctions were lifted, with plans for international collaboration.
The lifting of sanctions has not only benefited businesses but also the country's image and reputation.
Joint ventures, such as with Shell in the energy sector, are progressing well and are part of the business growth strategy.
The company is looking to expand into financial services and investment banking through joint ventures.
There is a desire to list the company on international markets, such as Hong Kong, to increase visibility and credibility.
The pace of reform has been satisfactory, with significant changes observed over the years.
Capacity building and training are essential to improve skills and create better opportunities for the workforce.
The government, private sector, and international investors are collaborating to enhance the nation's capacity.
The speaker emphasizes the importance of education and health in improving the quality of life for citizens.
There is a need for foreign talent to help develop local skills and expertise in the country.
The new US administration under Trump is seen as an opportunity for more meaningful engagement with Myanmar.
Bilateral agreements and the Generalized System of Preferences (GSP) are important for trade and investment.
The speaker encourages potential investors, highlighting the opportunities in Myanmar despite the challenges.
Infrastructure development is a key area for foreign investment, including energy, highways, and technology.
The speaker calls for more international brands to invest in Myanmar to grow the economy and improve infrastructure.
The transcript reflects a positive outlook on the future of Myanmar's economy and the potential for international collaboration.
Transcripts
how has life changed for you since the
lifting of the us engines how have your
businesses benefited your across all
sectors including energy real estate
retail hotels give us a sense of how
much has been achieved since the lifting
of assumptions so if you told me this I
ever recovered this I seen for me in
2009 so that every we recover to
dominate oh and they lifted sanction
there are we bring every day when where
we lift the tension so they won't
deliver sanction do we dance quite happy
they're not only looking at my business
there's my dignity of my image my
business reputation as well so I really
appreciate that's not only me the who
can't relive the ascension for even knew
my country also you know what with the
or other country at the future how much
of your business has grown since and
lifting of the sanctions and so you can
say imagine that you know immediately
you cannot grow the order figure but a
lot of I mean that should have plan we
have it in I mean the byline so we
haven't discovered law international
company do we work together what are the
key sectors I know you've had joint
ventures for instance in the energy
sector with shell how is that joint
venture coming along right on there you
know that Emma having isolated 50 years
so we need know how to run the business
global people that we have a lot of
experience low back company they know
how to do it so butter for the according
to the investment law right now we're
gonna put the equity but what we can do
they they will run and they will give us
be a new home management so intense that
they were running our business to get
the move market and also the mode
benefit at the switch has who will work
on management together so are you
looking at more joint venture of course
of course who are you in talks with yeah
so we're talking a lot of course the air
code is running our heart of our
investment that you can really mooching
that we all work together and also that
we are looking at the financial setter
and also the investment banking side
there what we are looking together so a
lot of industry need to be work with the
pourings Agni the international
a company like that yeah your business
is pretty well established and you've
made a reputation for yourself for
running good business it does make sense
for you to lift your company's yes at
that plan for that of course that I
don't want to be a private loan for my
business I want to be listed in one day
choose me you need it like a story
change Emma so the our capital market is
not there yet so right now I can list it
in V Emma so I have a plan to be listed
in the outside of the country
yeah so that still looking at this in
the full Hong Kong or land and that's
what we are looking at the future when
are you likely to make that decision and
we're actually there
first of all you have to make a I mean
their plan US Air Force okay most of the
mine subsidiary can we are like a
corporate governance and corporate
finance or profitable business and also
the good reputation so and then easy do
we listen you know that if you don't
know prepare for their and they're very
difficult to list it so we having plan
already everything in our side what do
you make of the reform process have you
been satisfied at the pace 53 million
people have been looking for the dis
respond itself every years ago so that
we can see the change so that is what we
expected for the Nima it's okay so that
is the only the subset or moving forward
so next step is how are we going to
implement and you know grow the economy
and quarter your life the people and
then also the skipper politics so ll
have to we see at a future but there's a
like appellant here how are you
overcoming that challenge are you
setting up your own institution to train
to fill the positions you need I think
she is not only the private sector the
government private and international
investor have we look at the how to be
you know they put the capacity to the
people there we need more skill to put
the people you know to run all the
business and also that you will get the
highest income at the one day so they
have a better life for them as well so
education health I think the capacity
mean for me is banking you look at it I
have a full training center this year I
have a plan to be a point it down and
find a job so entry lever that they
don't know anything but we put the
capacity do them that they do this where
do you find the skills I mean are you do
you need
more foreign talent to help those skills
of us now the globalizing you look at it
the whole world is very small you know
one country have and one nation have to
another nation one is energy have to
another nationality so you look at my
group even finite etc med school
a lot of foreign is for with me give you
development in the US with a new
president with the trumpet
administration do you expect the u.s. to
engage Myanmar in a more meaningful way
or is it too far for that for him to be
interested in uh that region is robably
grew economy you know in I mean that you
look at in the world that is near my is
part of their their also so he should
focus moving the Isha for doing business
together with the US so and then William
also have a good opportunity R the
church had to VD the business for them
what would you like to see the
engagement page is a politically the
relation is gonna be surely the girl
relationship bilateral agreements you
know we should look at Emma and you know
sample and an LDR lifting the sanction
again there's a proper tunity formula
second one is the GSP the GSP we can a
store a lot of commodity to the US and
then also now a lot of us Kevin II have
been looking Emma for the investment so
that is a you can look at they're very
bright shooter at the teacher I mean if
the government more interesting and
support on that new government sonic
front that they're worried the best for
Nia and the US you said earlier that
you're looking for more joint ventures
what do you say to potential investors
who are hesitant to say that Myanmar
it's for the brave it's a potentially I
mean there we are looking at a foreign
investor you know the who have an
internationally brand and also they look
at it Emma you see that the privates
that I want to grow the infrastructure
we have a Lego infrastructure let's see
the energy you know highways and also
the technology side finally she said
that the auto serie the foreign investor
looking an embedded that will be the
best for the our country group is not
only for the one by one industry they
invest but all other investor also they
can sit on this infrastructure to be the
crane vessel
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