ISCA SMP Business Study Mission Myanmar 2019

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ISCA SMP BUSINESS STUDY MISSION MYANMAR 2019

SUPPORTED BY ENTERPRISE SINGAPORE

14 – 16 May 2019

The ISCA SMP Business Study Mission Myanmar 2019 Supported by Enterprise Singapore

The business study mission is a three-day business development trip targeted at firms who are ready to regionalize and keen to consider Myanmar as a location for business expansion and partnerships. This trip seeks to provide opportunities for firms to understand more on Myanmar’s business landscape and facilitate contacts with key personnel and partners in Myanmar.

Objectives of the business mission include:

Gaining insights to Myanmar’s economic, legal and accounting climate
Facilitating partnerships with Myanmar SMPS
Networking with Singapore businesses in Myanmar

About Myanmar

WHY MYANMAR?

Myanmar’s economic growth is expected to be 6.2 percent in 2018/19, robust by regional and global standards. As a fast-growing economy, mid-income consumers are expected to grow to $10 million by 2020.

With recent policy changes such as the adoption of the Myanmar Sustainable Development Plan, liberalization of wholesale and retail trade, implementation of the Myanmar Companies Law and large investments in infrastructure projects including those related to the Belt and Road Initiative, Myanmar is now increasingly business-friendly.

The Myanmar business community is eager to collaborate with Singapore partners, who are seen as trustworthy and efficient. With an active Burmese diaspora in Singapore familiar with the language and customs of both groups of people, Singapore firms can expect a welcoming environment in Myanmar. Singapore has been Myanmar’s top foreign investor for over five consecutive years. From F&B to infrastructure, there are more Singapore firms doing business there. Jump on the bandwagon and find opportunities for your firm there too!

Programme Details

ITINERARY FOR ISCA SMP BUSINESS STUDY MISSION MYANMAR, SUPPORTED BY ESG

14 – 16 May 2019

YANGON, MYANMAR

Day 1

Tuesday, 14 May 2019
1.00pm (+8 GMT)	Delegates to meet at Singapore Airlines Check-in Counter	Venue Singapore Changi Airport
3.15pm (+8 GMT)	Departure for Yangon, Myanmar Singapore – Yangon
4.40pm (+6.30 GMT)	Arrival in Yangon	Venue Yangon International Airport, Myanmar *Chartered transport to hotel
5.30pm	Arrival in Hotel/Check-in Briefing for Delegates @ Hotel Lobby	Venue Pan Pacific Yangon Corner of Bogyoke Aung San Road and Shwe Dagon Pagoda Road \| Pabedan Tsp \| Yangon
Evening	Free & Easy

Day 2

Wednesday, 15 May 2019
9.00am	Set off from Hotel
9.30am – 11.00am	Myanmar’s key areas of focus for the country’s development 3-10 years and the challenges and opportunities for Singaporean businesses - Overview of the business and economic landscape in Myanmar and particularly, Yangon - Possible modes of collaboration between Singaporean firms and Myanmar businesses - Challenges and opportunities of Singaporean firms working in Myanmar	Venue UOB Junction City Tower, Unit#12-01/02/03, Level 12, Corner of Bogyoke Aung San Road and 27th Street,Pabedan Township, Yangon, Myanmar Speaker UOB
11.30pm – 1.00pm	Firm Visit - Best Practice Sharing by Myanmar Practice (Big 4) - Understand the challenges and opportunities for audit firms to operate in Myanmar - Understand the type of accounting systems and technology that Myanmar SMEs are currently using	Venue EY UTW (Myanmar) Limited Junction City Tower, Unit #20 -06, Level 20 Corner of Bogyoke Aung San Road and 27th Street,Pabedan Township, Yangon, Myanmar Speaker EY
1.00pm – 2.30pm	Lunch
3.00pm – 4.30pm	Law Firm Visit – An understanding of the regulatory climate for foreign investment in Myanmar - Understand the regulatory climate of Myanmar - Understand how Singapore firms can set up business in Myanmar, through M&A, joint ventures, or partnerships - Sharing of how Kelvin Chia became established in Myanmar	Venue Kelvin Chia Yangon Ltd Level 8A, Union Financial Centre (UFC) Corner of Mahabandoola Road and Thein Phyu Road Botahtaung Township Yangon, Myanmar Speaker Kelvin Chia Yangon
5.00pm – 8.30pm	Networking dinner Proposed invite lists: - Singapore business people based in Myanmar - Myanmar SMPs - Myanmar Law Firms - Myanmar Bankers	Venue Pan Pacific Yangon Programme Flow 5.30pm: Registration 5.45pm: Introduction (Sharing by Singapore delegate on Singapore business landscape) 6.00pm to 8.00pm: Networking Buffet Dinner

Day 3

Thursday, 16 May 2019
8.00am	Hotel Check-out	Leave baggage at concierge
8.30am – 2.30pm	Meeting with Myanmar Institute of Certified Public Accountants (MICPA) - SMP Landscape in Myanmar - Introduction of the accounting and auditing landscape in Myanmar - Demographics of Myanmar Public Accounting Firms (e.g. size of industry, number of firms, number of public accountants, typical structure) - Challenges faced by SMPs in Myanmar - What are the opportunities for accounting firm in Myanmar - Understand how Myanmar firms want to partner with foreign firms - Singapore sharing about Singapore SMP Landscape 1-on-1 business matchmaking with Myanmar SMPs and law firms + Networking lunch	Venue Pan Pacific Yangon Speaker MICPA Programme Flow (KIV) 8.30am: Registration 8.45am: MICPA Sharing 9.30am: ISCA Sharing 10.00am: Q&A + Tea Break 10:30pm – 1.00pm: Business Matching 1.00pm – 2.30pm: Networking Lunch
2.45pm	Travel to Airport	Gather at Lobby *Chartered transport to airport
3.30pm	Arrival at Airport	Venue Yangon International Airport, Myanmar
5.35pm (+6.30 GMT)	Departure for Singapore Yangon – Singapore
10.30pm (+8 GMT)	Arrival in Singapore	Venue Singapore Changi Airport

Application Process

After registering online, participants are required to:

Attend the pre-trip briefing
Purchase the air tickets (either self-book or through ESG's travel partner)
Self-book their accommodation in Pan Pacific Yangon
Mail the ESG Business Development Trip application form and supporting documents to ESG

Please refer below for details.

1. Pre-trip Briefing

Date: 10th May

Time: 10.30am - 11.30am

Location: ISCA House, Level 3.

2. Flights

It is highly recommended that participants take the same flight as the ISCA and ESG staff.

Recommended flights

Date

Departure Time

Remarks

14^th May

03.15 pm

(+8 GMT)

Departure for Yangon,

Singapore – Yangon (Silkair MI 518)

16^th May

05.35 pm

(+6.30 GMT)

Departure for Singapore,

Yangon – Singapore (Silkair MI 519)

Flight arrangements can be made in one of two ways.

(a) Self-booking

(b) Booking through ESG's appointed travel partner.

Subsidy applies to either arrangement. By selecting to book through ESG, you agree to allow ESG's appointed travel partner, Price Breakers to contact you via email. Additional fee may apply.

Final subsidy awarded is based on up to 70% of ESG's officer's airfare cost.

3. Accommodation

Hotel Accommodation: Pan Pacific Yangon

Hotel Address: Corner of Bogyoke Aung San Rd and Shwe Dagon Pagoda Rd, Pabedan Tsp, Yangon

Booking process: Email your accommodation requirements to (reserve.ppygn@panpacific.com), quoting “ISCA2019” so that the preferential rates will be given to you.

4. ESG Funding Documents

To be eligible for funding for the business mission, participants are required to complete the following forms:

(a) Pre-trip: Business Development Trip Application

This document must be submitted together with the registration form. The original signed copy and its supporting documents have to be mailed to: Fusionopolis Walk, #01-02 South Tower, Solaris, Singapore 138628) - Attention to Koh Chong Yu (Business Services). After ESG's assessment, a Letter of Offer will be issued to you.

*Please note that this pdf form can only be accessed via the right click button "save link as...".

(b) Post-trip: Trip Claim Form

(d) Post-trip: ESG GIRO Application Form

These documents will be required 6 months after the business study mission. More information will be given together with the Letter of Offer.

Estimated Costs and Subsidy Available

Cost Item	Estimated Cost (before subsidy)	Estimated subsidy available^	Action
Airfare	S$300 - $850	Final support on award basis based on ESG officer’s airfare costs.	Option 1: Self-book Option 2: Booking through ESG’s appointed travel partner *Subsidy applies to either arrangement.
Accommodation (Single Room)	S$300 (S$150 per night x 2)	NIL	Hotel: Pan Pacific Yangon Address: Corner of Bogyoke Aung San Rd and Shwe Dagon Pagoda Rd, Pabedan Tsp, Yangon
Common Costs	S$250 - $300	S$175 - $210	Includes local transportation and meeting room reservations Enterprise Singapore to finalise total cost incurred at the end of the trip.
Cost of Living allowable cost (COLA)	–	S$420 (S$300 per day x 2 x 70%)	Participant receives support of up to 70% for daily subsistence support of $300/day. Support of up to 70% of allowable cost, equivalent to a total of S$420, will be given to each participant.
TOTAL	S$850 – $1,450	S$805 – $1,225	Total estimated cost to be incurred by each participant is S$45 – $225.

^ Up to 70% support for SMEs and subject to approval.

Interested?

Click here to register now!

As places are limited to 30 delegates, please register early to avoid disappointment. Spaces will be allocated on a first-come first-served basis.

If you have any questions about the Business Study Mission or about the application, please get in touch with us at SMP@isca.org.sg

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