Mar 7, 2013

MTN eyes Myanmar licence

“It‘s great honour to host the 22nd World Economic Forum on East Asia in Myanmar,” Mr Sushant Palakurthi Rao, senior director and head of Asia for World Economic Forum, said during a press conference in Yangon on March 1. “After hosting this meeting for 22 years in the region, I’m very happy to share that we expect this to be the largest World Economic Forum in Asia in our history,” he said.

The forum will be held in Nay Pyi Taw from June 5 to 7, and will bring together leading international senior decision makers from industry, government, academia and civil society, he added.

“I believe that the number of people who are coming is a reflection of the global interest in the transitions that are taking place in Myanmar … [and] many investors are coming to Myanmar in recent months but it is important to emphasise here that this is not an investors conference.

“Our objective is to support what we will call the creation of a moral economy. A moral economy is about responsible investing to benefit all stakeholders in Myanmar,” he said.

Under the main theme “Courageous Transformation for inclusion and integration”, this year’s meeting will discuss three sub-themes: inspiring inclusive transformation, realising regional integration and regional solutions for global resilience.

He said the forum would take not only business and economic leaders but also the leaders from civil society, government and academia.

“We want to put at the centre of economic growth a move from a short-term vision to a long-term vision for Myanmar and all the stakeholders. One thing that we focus on is job creation, as well as the expansion of educational opportunities and social entrepreneurs,” he added.

The co-chairs of the forum are Helen Clark, administrator of the United Nations Development Program (UNDP) from New York, Anthony Fernandes, group chief executive officer of Air Asia from Malaysia, Yorihiko Kojima, chairman of the board of Mitusbishi Corporation from Japan, Indra Nooyi, chairman and chief executive officer of PepsiCo from United States, Subramanian Ramadorai, vice-chairman of Tata Consultancy Services from India and John Rice, vice-chairman of GE from Hong Kong.

As Myanmar assumes the chairmanship of ASEAN in 2014, Mr Palakurthi Rao said it will have a critical role in guiding the 10 economies of the member states toward the planned economic integration in 2015.

“This summit is on the one hand about Myanmar but it also about the region. It is an East Asia summit as well. We will also look at the integration of Myanmar as a member of ASEAN and as a future chair of ASEAN in 2014.

“Therefore the summit is not only about linking Myanmar to the regional economy and the global economy but it is also equally about linking people and how to facilitate the movements of people, whether for educational opportunities, for tourism, for employment,” he said.He said the forum has already begun a serious of initiatives that would address some of the key challenges and issues facing Myanmar, including energy and sustainable travel and tourism.

In conjunction with the East Asia meeting, the forum will also be hosting its Young Global Leaders Annual Summit in Yangon from June 2 to 7. More than 200 young global leaders representing business, government, civil society, arts and culture, academia and media, as well as social entrepreneurs will take part in the summit. The focus will be on progressing civil society institutions, long-term sustainable economic development and engaging with younger generations.

Source: Independent Online