Tuesday, 28 May 2013

Japanese Prime Minister attends Myanmar-Japan Economic Forum

Japanese Prime Minister Shinzo Abe have attended the Myanmar-Japan Economic Forum held at the headquarters of the Union of Myanmar Federation of Chambers of Commerce and Industry, also known as UMFCCI, in Yangon this afternoon.

The forum was attended by a delegation of 150 Japanese business leaders led by Mr Abe. They discussed possible business investments in Myanmar's communications and transport sectors as well as development of Thilawa Special Economic Zone.

The delegation includes chairmen from major Japanese companies such as Hitachi, Mitsubishi, Sumitomo, Toyota Tsusho, Toshiba, Daiwa, and Sompo.

The main topics of conversation at the forum were about Myanmar's communications, transport, airport, industrial, power, insurance and water projects. Another main topic was the development of Thilawa Special Economic Zone.

Mr. Kengo Sakurada, the chairman of Sompo Japan Insurance Inc discussed possible investments in insurance business. Mr. Kuniharu Nakamura, President & CEO of Sumitomo Corporation discussed possible investments in communications. Mr. Ken Kobayashi, President & CEO of Mitsubishi Heavy Industries Ltd discussed transport and urban environmental conservation topic.

Mr. Junzo Shimizu, the chairman of Toyota Tsusho Corporation discussed possible investments in airports and ports. Mr. Ken Kobayashi again discussed the development of Thilawa Special Economic Zone, at the forum.

The prime minister gave his view on Myanmar's economy at the forum.

Japanese investments in Myanmar only reached over US$270 by the end of April this year and investments for the Thilawa are under preparation now.

source: Eleven Myanmar

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