Max Myanmar Seeks Deals in Financial Services @ Bloomberg

Summary

The 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

• 🚀 The lifting of sanctions has had a positive impact on various sectors including energy, real estate, retail, and hotels, indicating a broad economic recovery.
• 🌟 The speaker values the lifting of sanctions not only for business growth but also for personal dignity and business reputation.
• 📈 The business has experienced significant growth since the sanctions were lifted, although an exact figure is not provided.
• 🤝 There are ongoing joint ventures, particularly in the energy sector with Shell, which is a sign of international collaboration and trust.
• 🏢 The company is looking to expand its joint ventures and is in talks with various international partners, showing a proactive approach to global business.
• 💼 The speaker has plans to list the company on international markets, indicating aspirations for transparency and growth.
• 🌐 The company is focusing on corporate governance, finance, profitability, and reputation to prepare for a potential listing.
• 🛠 There is an emphasis on capacity building and training to improve the skills of the local workforce to meet the demands of growing businesses.
• 🌍 The speaker acknowledges the importance of global talent and the integration of foreign expertise within the company.
• 🔄 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.
• 🤔 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.