ISCA SMP Business Study Mission Myanmar 2019

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:


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

11.30am – 1.00am

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

Mr Moe Kyaw

Vice Chairman of 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: 9th 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

14th May

03.15 pm

(+8 GMT)

Departure for Yangon,

Singapore – Yangon (Silkair MI 518)

16th 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

(c) Post-trip: Post Trip Progress 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