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Private business sector in Myanmar taking the leading role in the country's development of urban development, banking and finance, as well as logistics and supply chain sectors

Yangon, 13 January 2013– Sphere Conferences and the Republic of Union of Myanmar Federation of Chambers of Commerce & Industry (UMFCCI) announced on Friday 11 January that they will jointly organise a series of industry-specific investment conferences showcasing investment opportunities in the urban development, banking and finance as well as logistics and supply chain sectors starting from May 2013. 

The three conferences are -

UMFCCI has identified the banking, logistics and supply chain as well as urban development as key sectors that require foreign investment as Myanmar seeks to modernise its economy to cope and thrive in the 21st century. 

Sphere Conferences is the conference arm of Singapore Press Holdings which publishes newspapers such as The Straits Times, one of the region’s oldest and most established newspapers.

UMFCCI is the national level non-governmental organisation representing and safeguarding the interest of the private business sector. With a vast network of affiliated chambers and trade associations, UMFCCI serves as a bridge between the State and the private sector. 

It is a member of the Paris-based International Chamber of Commerce (ICC) and the ASEAN Chamber of Commerce and Industry (ASEAN-CCI), Greater Mekong Subregion Business Forum (GMS-BF), and Joint Economic Quadrangle Committee (JEQC). It has also played a key role in the formulation of the recently updated version of the Foreign Investment Law in Myanmar. 

This announcement was made during the signing ceremony between Sphere Conferences and UMFCCI held at the Sedona Hotel in Yangon last Friday morning. It was attended by more than 60 people, comprising policy makers from the various ministries and government authorities such as the Ministry of Construction, Ministry of Finance and Revenue, Ministry of Commerce, Central Bank, Ministry of Transport, Ministry of Rail Transportation, Yangon City Development Committee and Mandalay City Development Committee. The venue was sponsored by Keppel Land Hospitality Management as a gesture of support to the development of Myanmar. 

Dr. Maung Maung Lay, Vice-President of UMFCCI, said: “Myanmar is transforming into a modern country, and we seek foreign participation in these industrial sectors. We are happy to partner with Sphere Conferences for the upcoming conferences, which will profile the country’s key sectors such as, urban planning, banking and logistics. I believe the conferences will foster valuable partnerships between the local authorities and international business partners. With our re-engagement with the international community, we aim to grow and develop Myanmar as a country that is both socially and economically attractive.”

Mr. Chua Wee Phong, Chairman of Sphere Conferences, said: “With the Myanmar government projecting an average GDP growth of 7.7% by 2015 – 2016, we are positive of the country’s prospects and the investment opportunities it offers to foreign investors. Through our partnership with UMFCCI, we will create dynamic platforms for the public and private sectors in Myanmar to network with the foreign investors. This will be the first step in developing Myanmar’s economy by equipping the conference delegates with the knowledge to make smarter and well-informed decisions about investing in Myanmar.”

For more information on how to participate in the above three conferences, please contact Ms. Nann Thi ThiTun at (65) 6848 5371 or email her at or visit the website

Sphere Conferences Chairman Mr Chua Wee Phong (in dark suit) receives a token of appreciation from UMFCCI Vice President Dr Maung Maung Lay

Ms. Patricia Cheong (General Manager, Sphere Conferences), U Zaw Min Win (Vice President, UMFCCI), Mr Chua Wee Phong (Chairman, Sphere Conferences), HE. Robert Chua (Ambassador of Singapore to Myanmar), HE. U Than Myint (Minister, Planning and Economic, Yangon Region Government) , U Aung Lwin (Vice President, UMFCCI), Dr Maung Maung Lay (Vice President, UMFCCI), U Tun Aung (Vice President, UMFCCI) 

For media enquiries, please contact:

Ms. Nann Thi Thi Tun
Marketing Executive 
Sphere Conferences
+65 6848 5371

Ms. Karin Lee
Senior Marketing Manager
Sphere Conferences
+65 6848 6054

Mr. Yeo Siew Chi
Corporate Communications 
Singapore Press Holdings 
+65 6319 1586

About Sphere Conferences

Sphere Conferences, a wholly-owned subsidiary of Singapore Press Holdings, produces conferences that are of the highest quality that brings inspiration, innovation and value to customers. Sphere’s purpose is to empower customers with big and fresh ideas and key lasting relationships that will enable them to excel in their chosen markets, by providing unique networking and learning platforms whereby they can learn, network and do business.

For more information, please visit

About Singapore Press Holdings Ltd

Incorporated in 1984, main board-listed Singapore Press Holdings Ltd (SPH) is Southeast Asia’s leading media organisation, engaging minds and enriching lives across multiple languages and platforms.

Newspapers, Magazines and Book Publishing 
In Singapore, SPH publishes 18 newspaper titles in four languages. On an average day, 2.92 million individuals or 74 per cent of people above 15 years old, read one of SPH's news publications. SPH also publishes and produces more than 100 magazine titles in Singapore and the region, covering a broad range of interests from lifestyle to information technology. SPH's subsidiaries, Straits Times Press and Focus Publishing, produce quality books and periodicals in English and Chinese.

Internet and Mobile
Beyond print, the Internet editions of SPH newspapers enjoy over 330 million page views with 18 million unique visitors every month. Apart from SPH AsiaOne portal, SPH's online and new media initiatives include an online marketplace for products, services and employment, ST701; Stomp,, and The Straits Times RazorTV. SPH also launched The Straits Times’ iPad and enhanced iPhone applications, an Android smartphone application and The Business Times Weekend's iPad application. SPH's Chinese flagship newspaper LianheZaobao has also launched its digital platforms which include a web application, as well as online and PDF versions.

SPH has a 20 per cent stake in MediaCorp TV Holdings Pte Ltd, which operates free-to-air channels 5, 8 and U, and a 40 per cent stake in MediaCorp Press Limited, which publishes the free newspaper, Today. In the radio business, SPH has an 80 per cent stake in SPH UnionWorksPte Ltd, which operates entertainment stations UFM 100.3 in Mandarin, as well as Kiss92 and HOT FM91.3 in English.

Events and Out-of-Home Advertising
SPH’s events subsidiary Sphere Exhibits organises innovative consumer and trade events and exhibitions. In addition, SPH has ventured into out-of-home (OOH) advertising through its wholly-owned subsidiary, SPH MediaBoxOfficePte Ltd, Singapore’s leading Digital Out-of-Home advertising company.

SPH owns and manages Paragon, the prime retail and office complex in the heart of Orchard Road, Singapore's main shopping belt. Its latest retail development, The Clementi Mall, started business operations in 2011. SPH's wholly-owned subsidiary, Times Development Pte Ltd, has also developed a 43-storey upmarket residential condominium, Sky@eleven, at Thomson Road.

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