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Mapping out the future of Myanmar's financial sector at the inaugural Myanmar Banking and Finance Conference

Yangon, 17 July 2013 - Under the patronage of Ministry of Commerce, and in collaboration with the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), Sphere Conferences yesterday launched the inaugural Myanmar Banking and Finance conference at the Traders Hotel, Yangon. 

This is the third trade event held in Myanmar that is organised by Sphere Conferences, following the earlier successes of the Myanmar Hospitality and Tourism Conference and the Myanmar Urban Development Conference. 

Sphere Conferences is the conference arm of Singapore Press Holdings, the country's leading multimedia group which publishes newspapers such as The Straits Times, its flagship English-language newspaper and one of the region's oldest and most established newspapers.

More than 250 delegates from 10 countries were present to learn about the country’s banking and financial reforms and its proposed foreign exchange regulations. These include renowned banks, financial institutions, regulatory authorities, system integrators, professional consultants and technology service providers.

The Guests-of-Honour at the conference were Dr Maung Maung Thein, Deputy Minister for Finance, Republic of the Union of Myanmar and Dr Maung Aung, Advisor to Union Minister for Commerce, Republic of the Union of Myanmar. 

Some of the organisations represented at the event included the Myanmar Investment Commission, Myanmar Foreign Trade Bank, Myanmar Investment and Commercial Bank, 2C2P, ANZ bank, CB Bank, CIMB Bank, First Private Bank, Glory Global Solutions, Gunnebo, Kanbawza Bank, Kasikornbank, Maybank, Mizuho Corporate Bank, Myanmar Payment Union, Pacific Tech, Sumitomo Mitsui Banking Corporation, Secur-Card Solutions, Southtech, Yoma Bank, and Wincor Nixdorf.


Daw Naw Eh Hpaw, Deputy Director General, the Central Bank of Myanmar delivered the keynote presentation on the financial system reforms in Myanmar, with insights into the draft foreign exchange regulations. This was followed by a panel discussion where speakers from banks in the Asia Pacific region shared their hopes and aspirations on the opening up of Myanmar’s banking sector.

The second day of the conference will focus on two topics that are expected to significantly impact the Myanmar banking sector - Retail and Transaction Banking and Payment Cards. More than 30 speakers will be on hand to share their expert insights on issues such as security infrastructure, banking architecture for cross-border transactions, ATM network infrastructure, standards and regulations. 

Prior to the conference, H.E U Win Myint, Minister for Commerce, Republic of the Union of Myanmar said: We are undertaking a series of financial reform measures, such as the new foreign direct investment regulations, so as to modernise the financial sector. These are landmark developments that place Myanmar at the forefront of change and progress and the inaugural Myanmar Banking and Finance Conference is the first step in helping us achieve these goals.”

Mr. Chua Wee Phong, Chairman of Sphere Conferences, said: “The recent relaxation of regulations and controls is a positive indication that the Myanmar banking sector is poised for transformation. To promote international business transactions, Myanmar has seen some major developments over the last few months. These include the creation of the Myanmar Payment Union Card and over-the-counter foreign exchange services. International brands such as MasterCard and Visa have also established a presence in the country. This is a timely conference and we are pleased to bring together key players from the international banking community to come speak and share their knowledge and best practices. With insightful sharing sessions and engaging discussions at this conference, we can help to promote vibrant financial markets in Myanmar.” 

For more information on the Myanmar Banking and Finance Conference 2013, please contact Ms Nann Thi Thi Tun at telephone: (65) 6848-5371 or email 
thithi@sphereconferences.com


Enclosed photo - 

KMT5773 - From Left - Dr. Maung Maung Thein, Deputy Minister, Ministry of Finance; H.E U Myint Swe, Chief Minister, Yangon Division; U Win Aung, President, UMFCCI; and Mr Chua Wee Phong, Chairman, Sphere Conferences at the opening ceremony. 



For more information, please contact:


Ms. Nann Thi Thi Tun
Marketing Executive 
Sphere Conferences
Tel: 
+65 6848 5371
Email: 
thithi@sphereconferences.com

Ms. Karin Lee
Senior Marketing Manager
Sphere Conferences
Tel: 
+65 6848 6054
Email: 
Karin@sphereconferences.com


Mr Yeo Siew Chi
Manager
Corporate Communications & CSR
Singapore Press Holdings Limited
Tel: 
+65 6319 1586
Email : 
yeosc@sph.com.sg


About Sphere Conferences

Sphere Conferences is the conference arm of Singapore Press Holdings. It produces conferences that are of the highest quality that brings inspiration, innovation and value to customers. Sphere Conferences’ 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 the website: 
www.sphereconferences.com


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, 3.05 million individuals or 76 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 270 million page views with 18 million unique visitors every month. Apart from AsiaOne, SPH’s online and new media initiatives include ST701, the leading online marketplace for jobs (STJobs), property (STProperty), cars (STCars) and general classifieds (STClassifieds); Stomp, 
omy.sg and The Straits Times RazorTV. SPH also launched The Straits Times’ iPad and enhanced iPhone applications, an Android smartphone application and The Business Times’ iPhone application. SPH’s Chinese flagship newspaper Lianhe Zaobao has also launched its digital editions which include a web application, as well as online and PDF versions.

Broadcasting

In the radio business, SPH has a 92.9% per cent stake in SPH UnionWorks Pte Ltd, which operates entertainment stations UFM 100.3 in Mandarin, as well as Kiss92 and HOT FM91.3 in English. 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. 

Events and Out-of-Home Advertising

SPH’s events arm Sphere Exhibits organises innovative consumer and trade events and exhibitions as well as large scale conferences in Singapore and the region. In addition, SPH has ventured into out-of-home (OOH) advertising through its digital out-of-home platform SPH MediaBoxOffice.

Properties

SPH owns and manages Paragon, the prime retail and office complex in the heart of Orchard Road, Singapore's main shopping belt. Its second 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. SPH‘s latest retail development project, The Seletar Mall, is slated for completion by end 2014.

For more information, please visit 
www.sph.com.sg.