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3rd annual Myanmar Banking and Finance Conference launched today with updates on Myanmar Stock Exchange Market

Singapore, 27 July 2015 – Sphere Conferences, the conference arm of Singapore Press Holdings Limited, today launched the opening of the 3rd annual Myanmar Banking and Finance Conference (MBFC 2015). Jointly organised with the Union of Myanmar Federation of Chambers of Commerce and Industry, MBFC 2015 is the country’s most dedicated conference for the banking and finance professionals in the Asia Pacific region. The conference will be held for two days from 27 to 28 July 2015 at Sule Shangri-La Hotel, Yangon, Myanmar. 

More than 200 banking and finance professionals from seven countries will be attending to address the issues, challenges and opportunities arising as Myanmar transforms its banking sector to connect with the international financial community. The discussions entail a wide range of topics including: overview of changes in the Myanmar banking and finance landscape, policies and framework, capital market, banking technology ecosystem, non-cash payment instruments, as well as the investment in the human capital growth.  

The official opening was graced by H.E U Myint Swe, Chief Minister, Yangon Region Government; Mr Chua Wee Phong, Chairman, Sphere Conferences; and U Win Aung, Chairman, UMFCCI.

At the two-day conference, professionals from Myanmar and regional banking community, banking technology and solutions providing companies, Stock Exchange companies, and other related organisations from seven countries will participate actively.

More than 20 private banks from Myanmar will learn new developments in the banking sector, technology advancement as well as network with the regional banking leaders. Regional banks such as DBS Bank from Singapore; Cathay United Bank and E.SUN Bank from Taiwan have supported the event as well. 

Banking solutions and technology providers include All ID Asia, FPT Myanmar, Gemalto Pte Ltd, HIKVISION, Myanmar Golden Rock, Oracle Corporation, Pacific Tech Pte Ltd, and Panasonic System Solutions Asia Pacific. High level decision makers from ASEAN’s stock exchange including The Stock Exchange of Thailand and Hochiminh Stock Exchange will share their insights into the Myanmar’s capital market. 

After the official opening ceremony, a panel discussion among banking leaders was held to reflect their perspective on the Myanmar banking sector and growth. The discussion was moderated by the International Finance Corporation, World Bank Group. 

The highlights of the conference also include a discussion on Myanmar capital market reforms and how Yangon Stock Exchange can transform the financial market and become a pillar of the economy. 

Speaking at the conference, Mrs Kesara Manchusree, President, The Stock Exchange of Thailand commented: “Capital market is one of the crucial pillars in an economy as it mobilizes fund from investor to business efficiently. An investor is able to achieve his wealth creation while a business can manage its capital structure optimally through the well-functioning capital market. A liquid stock exchange plays a major role in a capital market by reducing the liquidity risk an investor may face, resulting in lower cost of capital for a business in fund raising. With lower cost of capital, a business gains more competitiveness and yields higher productivity to an economy.

Starting up a stock exchange in Myanmar will definitely generate tremendous benefits to businesses and efficient risk-adjusted return to investors as it enhances Myanmar’s competitiveness eventually.”

The afternoon session of the conference, Future Banking Zone exhibition, is launched concurrently with Anti-Money Laundering workshop led by DBS bank. Future Banking Zone Exhibition is an active learning platform with on-floor seminars and workshops on a variety of banking technology solutions including Banking Transformation, Mobile & Internet Banking, as well as Risk, Security & compliance.

The second day of the conference will start with discussion on fostering an effective banking technology ecosystem. Mr Takashi Nagashima, CEO of Joint Operations of MPT/KDDI/Sumitomo Corporation, will present the updates and plans in telecommunication infrastructure to support growth of financial services. Following this will be a panel discussion participated by the Heads of IT from leading local banks to address the considerations needed for infrastructure, human capital, and also financial investment in constructing a robust financial network. 

There will also be discussion on moving towards cashless payments such as ebanking and mbanking. Skilled workforce shortage and training will be addressed too during the event. Mr Scott Bales, Innovation Director from Next Bank, will deliver a closing keynote on “How to enable mobile banking to leapfrog Myanmar’s financial inclusion”. 

Mr Chua Wee Phong, Chairman, Sphere Conferences said: “This past year we have seen some very exciting developments to the banking and financial scene in Myanmar. Last year, the Central Bank of Myanmar awarded 9 trading licenses to financial institutions across Asia. To date, 6 foreign banks have offices in Myanmar, including OCBC and UOB. This is a giant leap towards financial liberalisation of the country. Local banks have also joined in the race through the introduction of new services like the ATM and rapid growth of branch networks. For the third year running, we are happy to once again collaborate with UMFCCI to present to you this dedicated banking and finance conference in Myanmar that explores the challenges and opportunities faced by key stakeholders in this golden land.”

For the complete list of speakers, visit the event website at www.mhtc.sphereconferences.com 

Attachment:


From left: U Win Aung, President, UMFFCI; H.E U Myint Swe, Chief Minister – Yangon Region Government; Daw San San Nwe, Minister, Ministry of Finance, Revenue, Immigration and Information – Yangon Region Government; Mr Chua Wee Phong, Chairman, Sphere Conferences


Issued by Singapore Press Holdings Ltd
Co. Registration. No. 198402868E
 

For more information, please contact:
Ms Nann Thi Thi Tun
Marketing Executive 
Sphere Conferences
Tel: +95 1 543 191
Email: 
thithi@sphereconferences.com

Ms Vanni Cheong 
Assistant Manager 
Corporate Communications & CSR 
Singapore Press Holdings Limited 
Tel: 6319 1553 
Email: cvanni@sph.com.sg

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 visit 
www.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, ranging from print, digital, radio and out-of-home media. 


SPH owns award-winning newspapers, magazines and best-selling books in both print and digital editions, as well as online classified businesses in the region. In addition, SPH has two English radio stations and one Chinese radio station, an out-of-home digital advertising unit, a regional events and conferences arm, and runs a chain of modern retail convenience stores. SPH also 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.

SPH REIT comprises Paragon, a premier upscale retail mall and medical suite/office property in Orchard Road and The Clementi Mall, a mid-market suburban mall. SPH's latest retail development is The Seletar Mall located in Sengkang. 


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