Singapore, 15 July 2014 – Sphere Conferences, the conference arm of Singapore Press Holdings, in collaboration with the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), today launched the 2nd annual Myanmar Banking and Business Development Conference. It will be held from 15 to 17 July, at the Sule Shangri-La Hotel, Yangon.
The region’s leading banking professionals from across 16 countries were present to learn about the latest developments in the banking industry in Myanmar, following recent news and updates on foreign banks entering this last banking frontier in Asia. More than 250 delegates from the ministries, banks, financial institutions, regulatory authorities, system integrators, professional consultants and technology service providers convened to discuss the future of the banking sector in Myanmar over the 3-day conference.
H.E. U Set Aung, Deputy Governor, Central Bank of Myanmar was the Guest of Honour and delivered the ministerial address at the opening of the conference.
Myanmar's Ministry of Finance and Ministry of Commerce also delivered the keynote presentations on the domestic banking ecosystem, capital markets, as well as the commercial and business climate overview. This was followed by another keynote discussion on the foreign banks' entry into Myanmar, where panellists included representatives from the Central Bank of Myanmar, First Private Bank – a local Myanmar bank – and Krung Thai Bank of Thailand. Other discussions were centred on the hot topic of foreign banking licenses, new strategies, new banking products and implementation of the new technologies.
Organisations present at the event include Ayeyarwady Bank, Bank Negara Malaysia, CB Bank, Cathay United Bank, Estel Technologies, Hatton National Bank, Kanbawza Bank, Mizuho Bank, Myanmar Golden Rock, Myanmar Oriental Bank, Nations Trust Bank, Pacific Tech, Panasonic Systems Asia Pacific, Standard Chartered Bank, State Bank of Mauritius, Telenor, United Amara Bank, Western Union and Zebra Technologies.
The second day of the conference will focus on technology, which is expected to significantly impact the Myanmar banking sector. More than 15 speakers from Glory Global Solutions, OKI Electric Industry, Southtech Limited, Thales e-Security and Wincor Nixdorf will be sharing their expert insights on employing technology as an enabler. Topics will cover the CORE banking and treasury systems, branch banking and cash handling technologies, as well as banking channels and the necessary security know-hows to increase the reach of the banks.
H.E. U Set Aung, Deputy Governor, Central Bank of Myanmar, said: “We have been making steady progress in the last three years and with the Central Bank gaining independence last year, we have officially reached a significant milestone in our reform journey. In order to continually develop our banking sector, I will like to call upon the leading authorities, most influential voices and the brightest minds of the region to gather to discuss the opportunities and challenges we are facing today.”
Mr. Chua Wee Phong, Chairman, Sphere Conferences, said: “Since 2013, we are pleased to have organised several trade conferences and exhibitions where investors got to network and discover business opportunities presented in Myanmar. A further increase in business transactions and investments is expected in the very near future, following the Central Bank of Myanmar’s granting of five to ten banking licenses to the foreign banks this coming September. This 2nd annual banking conference is a timely conference and we are pleased to bring together influential
businessmen from the banking industry to discuss and define the future of the banking industry in Myanmar.”
For more information on the Myanmar Banking and Business Development Conference 2014, please contact Ms Nann Thi Thi Tun.
Issued by Singapore Press Holdings Ltd
Co. Registration. No. 198402868E
For more information, please contact:
Ms. Nann Thi Thi Tun
Tel: +95 1 543 191
Ms. Karin Lee
Senior Marketing Manager
Tel: +65 6848 6054
Ms. Vanni Cheong
Corporate Communications & CSR
Singapore Press Holdings Limited
Tel: + 65 6319 1553
HP: +65 9617 4713
About Sphere Conferences
Sphere Conferences, a conference arm of Singapore Press Holdings, produces conferences that are of the highest quality bringing inspiration, innovation and value to customers. Sphere’s purpose is to empower customers with big and fresh ideas and 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 visitwww.sphereconferences.com
About Singapore Press Holdings Ltd
Incorporated in 1984, main board-listed Singapore Press Holdings Ltd (SPH) is Asia’s leading media organisation, engaging minds and enriching lives across multiple languages and platforms.
Newspapers, Magazines and Book Publishing
SPH has 19 titles licensed under the Newspaper Printing and Presses Act, of which nine are daily newspapers across 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 300 million page views with 20 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.
In the radio business, SPH UnionWorks Pte Ltd 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 SPHMBO.
SPH REIT is a Singapore-based REIT established principally to invest, directly or indirectly, in a portfolio of income-producing real estate which is used primarily for retail purposes in Asia-Pacific, as well as real estate-related assets. SPH REIT is managed by SPH REIT Management Pte. Ltd., which is a wholly-owned subsidiary of Singapore Press Holdings Limited.
The initial portfolio of SPH REIT comprises the following two high quality and well located commercial properties in Singapore:
· Paragon, a premier upscale retail mall and medical suite/office property, well known for its upscale mall housing many luxury brands, located in the heart of Orchard Road; and
· The Clementi Mall, a mid-market suburban mall located in the centre of Clementi town, an established residential estate in the west of Singapore.
· The Seletar Mall is SPH's latest retail development and is expected to open at the end of 2014. This property is a potential asset to be injected into SPH REIT. SPH’s wholly-owned subsidiary, Times Development Pte Ltd, also developed a 43-storey upmarket residential condominium, Sky@eleven, at Thomson Road.
For more information, please visit www.sph.com.sg.