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Join the conversation@EconomistEvents#EconMyanmar
myanmar.economist.com
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MYANMAR SUMMITJ U N E 1 6 T H 2 0 1 6 • Y A N G O N
Official communications marketing agency
L A R G E S T E P S , L O N G R O A D .
A profound political shift is taking place in Myanmar. While its new government is just settling in, the promise it offers continues to excite its people and the global investment community. Yet the biggest challenges are yet to come.
What tops the new government’s list of priorities? How will it build its policymaking capacity? What initiatives can realistically be implemented now, within the current political infrastructure? And what are the longer-term goals?
A hundred days into the new government’s term, the second Myanmar Summit will convene a timely discussion what these changes mean for the country’s economy and for domestic and foreign investors.
K E Y T O P I C S :
•Thefirst100days• Myanmar’s policy priorities • Myanmar’s infrastructure imperative • Building a sustainable economy • The role of digital technology and social media in fostering economic growth • Financial services reform
P R O G R A M M E A G E N D A *
2.00 PM BANKING ON GROWTH— THE IMPACT OF FINANCIAL REFORM ON THE INVESTMENT ENVIRONMENTSimon Makinson, chairman of ASEAN group and head of Myanmar Practice Group, Allen & OveryTin Min Htut, director, First Rangoon CorporationySean Turnell, associate professor, Macquarie UniversityThiri Thant Mon, co-founder and managing director, Sandanila
2.50 PM SPOTLIGHT INTERVIEW: MYANMAR’S SUSTAINABILITY IMPERATIVEJeremyPrepscius,vice-president,Asia-Pacific,Business for Social Responsibility
3.05 PM NETWORKING BREAK
3.35 PM SIZZLE SESSION: MYANMAR’S EMERGING ENTREPRENEURSNgwe Tun, founder, Genius CoffeeJustinSway,chiefexecutiveofficerandfounder,MMone Online CompanyMyoMyintKyaw,chiefexecutiveofficer,Revo TechThet Mon Aye, founder, Star Ticket
4.15 PM ALL TOGETHER NOW: ETHNIC AND SOCIAL INCLUSION IN MYANMARKyaw Yin Hlaing, founder and director, Center for Diversity and National HarmonyYun Sun, senior associate, Henry L. Stimson Center and non-resident fellow, Brookings Institution
4.45 PM IN CONVERSATION WITH SERGE PUNSerge Pun, chairman, Serge Pun & Associates
5.05 PM REFLECTIONS FROM BANYAN AND CLOSING REMARKS
5.30 PM CONFERENCE CLOSE
8.30 AM CHAIRMAN’S OPENING REMARKSCharlesGoddard,editorialdirectorAsia-Pacific, The Economist Intelligence Unit
9.00 AM OPENING KEYNOTE
9.30 AM SPOTLIGHT INTERVIEW: MYANMAR AND THE WORLDScot Marciel, United States Ambassador to MyanmarNyantha Maw Lin, managing director, Vriens & Partners
10.00 AM WHAT IF? MYANMAR’S INFRASTRUCTURE IMPERATIVEStephaneLamoureux,chiefexecutiveofficer,KBZ Gatewayandchiefinformationofficer,KBZ GroupMarkBedingham,chiefexecutiveofficer,Singapore Myanmar Investco
10.30 AM NETWORKING BREAK
11.00 AM FRIENDS AND NEIGHBOURS: PRIORITIES FOR REGIONAL AND GLOBAL INVESTORSBoonkiat Cheewatragoongit, senior vice-president, Charoen Pokphand GroupVivekPathak,director,EastAsiaandthePacific,International Finance CorporationPeter Beynon, country chairman, Jardine MathesonSunil Seth, chief executive, Myanmar, Tata Sons
11.45 AM ON THE SOFA: COMMUNICATION IS KEY— THE ROLE OF DIGITAL TECHNOLOGY AND SOCIAL MEDIA IN FOSTERING ECONOMIC GROWTHFerry Grijpink, partner, McKinsey & CompanyEric Schaer, chief executive, MySQUARCrystal Lee, regional manager, South-East Asia, ViberDavidMadden,founderandchiefexecutiveofficer,Phandeeyar: Myanmar Innovation Lab
12.30 PM IN CONVERSATION: THE VIEW FROM BUSINESS WinWinTint,chiefexecutiveofficer,City MartSai Sam Htun, executive chairman, Loi Hein
1.00 PM NETWORKING LUNCHEON
For the full programme and speaker line-up, visit myanmar.economist.com
* All topics and speakers are subject to change.
H E A R F R O M E X P E R T S I N C L U D I N G :
JUSTIN SWAYChiefexecutiveofficerand founderMMone Online Company
ERIC SCHAERChief executiveMySQUAR
DAVID MADDENFounder and chiefexecutiveofficerPhandeeyar: Myanmar Innovation Lab
MYO MYINT KYAWChiefexecutiveofficerRevo Tech
THIRI THANT MONCo-founder and managing director Sandanila
SERGE PUNChairmanSerge Pun & Associates
MARK BEDINGHAMChiefexecutiveofficerSingapore Myanmar Investco
SAI SAM HTUNExecutive chairman Loi Hein
SEAN TURNELLAssociate professorMacquarie University
STEPHANE LAMOUREUXChiefexecutiveofficerKBZ Gateway and chiefinformationofficerKBZ Group
FERRY GRIJPINKPartnerMcKinsey & Company
YUN SUNSenior associate Henry L. Stimson Center and non-resident fellow Brookings Institution
SCOT MARCIELUnited States Ambassador to Myanmar
SIMON MAKINSONChairman of ASEAN group and head of Myanmar Practice GroupAllen & Overy
NGWE TUNFounderGenius Coffee
VIVEK PATHAKDirector, East Asia andthePacificInternational Finance Corporation
PETER BEYNONCountry chairmanJardine Matheson
TIN MIN HTUTDirectorFirst Rangoon Corporation
THET MON AYEFounderStar Ticket
SUNIL SETHChief executive, MyanmarTata Sons
CRYSTAL LEERegional manager, South-east AsiaViber
NYANTHA MAW LINManaging directorVriens & Partner
JEREMY PREPSCIUSVice-president, Asia-PacificBusiness for Social Responsibility
BOONKIAT CHEEWATRAGOONGIT Senior vice-presidentCharoen Pokphand Group
WIN WIN TINTChiefexecutiveofficerCity Mart
KYAW YIN HLAINGFounder and director Center for Diversity and National Harmony
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MYANMAR SUMMIT June 16th 2016 | Yangon
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© 2016 The Economist Events This is a confidential draft programme for the conference mentioned in this document. All topics and speakers are indicative and subject to change.
8.30am Chairman’s opening remarks
Charles Goddard, editorial director, Asia-Pacific, The Economist Intelligence Unit
9.00am Opening keynote
A profound political shift has taken place in Myanmar. While the new government has only just settled in, its
promise continues to excite the country’s people and the global investment community. The biggest political
changes are yet to come: the new government lacks seasoned policymakers and has yet to lay out tangible
milestones for achieving its lofty goals.
What are the government’s economic policy priorities?
What initiatives can it implement now? What are the longer-term goals?
How will the new government build its policymaking and administrative capacity?
9.30 am Spotlight Interview: Myanmar and the world
To promote political reform and trade, the United States recently tweaked its long-imposed sanctions on
Myanmar. The sanctions list remains in effect, but seven state-owned enterprises and three state-owned banks
have been removed from it, while six companies have been added. Foreign businesses operating in Myanmar
often cite sanctions as a barrier to investment, but their gradual easing will create new opportunities.
What immediate effect will the easing of sanctions have on foreign investment in Myanmar?
How does the United States assess Myanmar’s transition so far?
How can foreign business take advantage of the more open political environment?
Myanmar Summit 2016
Large steps, long road
June 16th 2016 • Sedona Hotel Yangon
© 2016 The Economist Events This is a confidential draft programme for the conference mentioned in this document. All topics and speakers are indicative and subject to change.
As Myanmar’s political and economic transition continues, what role will it play in South-East Asia? How
can Myanmar make the most of regional integration?
Speakers
Scot Marciel, United States Ambassador to Myanmar
Nyantha Maw Lin, managing director, Vriens & Partners
Moderator
Simon Long, Banyan columnist, The Economist
10.00am What if? Myanmar’s infrastructure imperative
We ask three investors and businesspeople to indulge in a moment of blue-sky thinking. In the absence of
constraints, what would Myanmar’s infrastructure mix look like a decade from now? Would Yangon’s potholed
streets be freshly paved? Would country people be physically and digitally connected to their city cousins?
Could the increased flow of goods and information boost Myanmar’s trade output?
Then, we’ll take a reality check. How likely is this vision to become a reality? What are the roadblocks? What
single, big policy reform could the new government enact to overcome them?
Panellists
Stephane Lamoureux, chief executive officer, KBZ Gateway and chief information officer, KBZ Group
Mark Bedingham, president and chief executive officer, Singapore Myanmar Investco
Moderator
Andrew Staples, South-East Asia director, The Economist Corporate Network
10.30am Networking break
11.00am Friends and neighbours: Priorities for regional and global investors
Myanmar’s geographic position and demographics dovetail neatly with its neighbours’ economic objectives.
© 2016 The Economist Events This is a confidential draft programme for the conference mentioned in this document. All topics and speakers are indicative and subject to change.
Both China and India see investment in Myanmar’s resource assets and transport infrastructure as aiding their
own energy and security goals. China, in particular, has been an early and influential investor. Much of the
$14 billion it has poured into the country has gone into critical infrastructure, though its dogged pursuit of
Myanmar’s energy and mineral assets remains controversial.
Japanese firms see Myanmar’s labour pool as an opportunity to extend their South-East Asian supply chains and
further their quest for productivity. Neighbouring Thailand, where an estimated 2m Burmese already work,
anxiously looks to Myanmar to rejuvenate its ageing and increasingly costly manufacturing labour pool.
For investors further afield, the impetus for investment is as compelling, but Myanmar’s political environment has
posed a greater obstacle. However, the change of government and the gathering pace of political reform
have given US-based multinationals reasons to pressure their government on sanctions, whose repeal would
greatly alter investors’ risk calculations.
Myanmar’s new leadership must tread a careful path between helping its foreign investment partners achieve
their national objectives and ensuring that such investment serves local development goals. A panel of
international investors will discuss their roles and experiences in connecting Myanmar to the global economy,
and the effect this is having on the country.
What do investors see as the most pressing areas for reform?
Where do the key opportunities lie? How are savvy investors managing the risks?
Panellists
Boonkiat Cheewatragoongit, senior vice-president, Charoen Pokphand Group
Vivek Pathak, regional director, East Asia and the Pacific, International Finance Corporation
Peter Beynon, country chairman, Myanmar and Cambodia, Jardine Matheson
Sunil Seth, chief executive, Myanmar, Tata Sons
Moderator
Charles Goddard, editorial director, Asia-Pacific, The Economist Intelligence Unit
© 2016 The Economist Events This is a confidential draft programme for the conference mentioned in this document. All topics and speakers are indicative and subject to change.
11.45am On the sofa: Communication is key—The role of digital technology and social media in fostering economic
growth
New technologies and business models are having an outsized impact on Myanmar’s economic development,
as in all emerging economies. For a society just emerging from decades of isolation and autocracy, Myanmar
has been remarkably quick to adopt smartphones and social media as tools for commerce and building civil
society. Will this growing digital acumen allow Myanmar to effect social and economic change faster and more
productively?
Leaders from technology and marketing organisations will discuss:
the role of online advertising and commercial tools in engaging underserved segments of society
how social media can expand commercial opportunities and increase public access to services and
information
the use of mobile technology to overcome gaps in the infrastructure used to secure access to banking
and finance and to redistribute wealth through social programmes
Panellists
Ferry Grijpink, partner, McKinsey & Company
Eric Schaer, chief executive officer, MySQUAR
Crystal Lee, regional manager, South-East Asia, Viber
David Madden, founder and chief executive officer, Phandeeyar: Myanmar Innovation Lab
Moderator
Andrew Staples, South-East Asia director, The Economist Corporate Network
12.30pm In conversation: The view from business
Speakers
Win Win Tint, chief executive officer, City Mart
Sai Sam Htun, executive chairman, Loi Hein
© 2016 The Economist Events This is a confidential draft programme for the conference mentioned in this document. All topics and speakers are indicative and subject to change.
Moderator
Andrew Staples, South-East Asia director, The Economist Corporate Network
1.00pm Networking luncheon
2.00pm Banking on growth—The impact of financial reform on the investment environment
Myanmar has achieved some major milestones in its financial-services industry of late, though it is liberalising at a
very gradual pace. After nearly a quarter-century of development, the country’s first stock exchange came
online last year and began trading this year, albeit with less than a dozen firms listed. The country has also slightly
liberalised its banking sector to let a few foreign banks operate in the country—but only to serve foreign
businesses.
Myanmar needs to hasten its financial integration with the rest of the world, and to continue building regulatory
and oversight capacity as its economy develops. The Central Bank of Myanmar continues to struggle with
containing inflation and combatting the “dollarisation” many of its neighbours in ASEAN contend with, but
observers worry it lacks the autonomy and power to do so.
Our panel of industry participants and government policymakers will discuss how Myanmar can increase the
pace of financial liberalisation to stimulate growth and investment without losing control of its nascent regulatory
infrastructure.
Panellists
Simon Makinson, chairman of ASEAN group and head of Myanmar Practice Group, Allen & Overy
Tin Min Htut, director, First Rangoon Corporation
Sean Turnell, associate professor, Macquarie University
Thiri Thant Mon, co-founder and managing director, Sandanila
Moderator
Simon Long, Banyan columnist, The Economist
© 2016 The Economist Events This is a confidential draft programme for the conference mentioned in this document. All topics and speakers are indicative and subject to change.
2.50pm Spotlight interview: Myanmar’s sustainability imperative
Myanmar’s economy is the world’s second-most vulnerable to extreme weather, according to the Global
Climate Risk Index put out by Germanwatch, a think tank. Massive flooding and other weather events that
threaten the country’s fragile ecology are somewhat beyond its control. But Myanmar can address the growing
local threats to the environment, and it needs to: the UN Food and Agriculture Organization recently found that,
after Brazil and Indonesia, Myanmar has the world’s third-highest rate of deforestation, losing over 2% of its total
forest cover annually.
Opaque land rights and unresolved issues around indigenous entitlements also complicate efforts to reduce the
environmental and social impact of industry in Myanmar. The country’s abundant and relatively cheap labour
force makes it an attractive destination for the garment and manufacturing industries. But if Myanmar is to avoid
the mistakes of some of its neighbours, it must strike a careful balance between economic development and
social and environmental protection. What environmental compromises are acceptable in the effort to
spearhead economic development? How can Myanmar develop both profitably and sustainably?
Speaker
Jeremy Prepscius, vice-president, Asia-Pacific, Business for Social Responsibility
Moderator
Charles Goddard, editorial director, Asia-Pacific, The Economist Intelligence Unit
3.05pm Networking break
3.35pm Sizzle session: Myanmar's emerging entrepreneurs
Panellists
Ngwe Tun, founder, Genius Coffee
Justin Sway, chief executive officer and founder, Jobnet and Shwe Property
Myo Myint Kyaw, chief executive officer, Revo Tech
Thet Mon Aye, founder, Star Ticket
© 2016 The Economist Events This is a confidential draft programme for the conference mentioned in this document. All topics and speakers are indicative and subject to change.
Moderator
Andrew Staples, South-East Asia director, The Economist Corporate Network
4.15pm All together now: Ethnic and social inclusion in Myanmar
Building a sustainable peace between the state and the country’s many ethnic factions—which struggle to
achieve autonomy and an equitable distribution of the mining and forestry revenue generated on their lands—is
critical to Myanmar’s future success. Many of the political parties and civic organisations that represent
Myanmar’s 135 recognised ethnic minorities now depend on the government to champion their causes, but it is
not clear how central their issues are to the new administration’s already crowded agenda. To resolve the
country’s myriad ethnic conflicts, minority groups and the government must effectively cooperate with the
military, too. Such cooperation has often proved difficult in the past.
How can Myanmar become an inclusive, pluralistic society?
Speakers
Kyaw Yin Hlaing, founder and director, Center for Diversity and National Harmony
Yun Sun, senior associate, Henry L. Stimson Center, and non-resident fellow, Brookings Institution
Moderator
Simon Long, Banyan columnist, The Economist
4.45pm In conversation with Serge Pun
Serge Pun, executive chairman, Serge Pun & Associates
Moderator
Charles Goddard, editorial director, Asia-Pacific, The Economist Intelligence Unit
© 2016 The Economist Events This is a confidential draft programme for the conference mentioned in this document. All topics and speakers are indicative and subject to change.
5.05pm
Reflections from Banyan and closing remarks
Simon Long, Banyan columnist, The Economist
Charles Goddard, editorial director Asia-Pacific, The Economist Intelligence Unit
5.30pm Conference close