TODAY

Daw Thiri Thant Mon, Co-founder of Sandanila Co Ltd, formerly worked in international companies in USA, England, etc as well as a major Myanmar company of YOMA Strategic and Holding Co Ltd. On a short encounter with her, TODAY magazine has talked her about her company.

What is your business about, and servicing whom?

We find companies capital , especially FDI. We know the conditions as a background of which the foreigner wants to do his investment. We point out prospective Myanmar companies to him. If necessary, we elaborate on Myanmar companies as a go between. Moreover we advise the Myanmar company how to negotiate without being short-changed when a foreign investment is about to be initiated. Next we employ own funding to personally invest, through buying shares. It is a trial still. Should this sector prove effective, a fund would be established bringing in more investment? Currently this sector is so-so and under watch. These two are mainlines. Then there is Merger & Acquisition advisory, which is about joining two companies into one, and buying of a company by another company. Our advice includes how to be prepared and start negotiations on the part of local companies with the advent of foreign direct investment. Next I would like to make our service of advising business comprehensive and multisectoral. Local economists are expert each in his own field. They know about the country through and through. However the country has been opening up and allowing in foreigners. It is transitioning gradually. By that condition how to have the corporate strategy change is called for. The industries you engage in may have become numerous. Some industries might be doing well, but they are not progressing as they should because of poor financing.

What types of FDI companies are expected here?

Depending on government policy, Myanmar’s economic growth should be on the ascendant only, and the question is, How fast? A great amount of needs in Myanmar can be satisfied by private sector as well as by the government. The government side for one can provide for electrification, easing of export/ import procedures, and elimination of Bureaucracy process whereby hour worth of paperwork may take about two days to be finished. Then industrialists may find their operation facilitated more and production raised. For example, Singapore has developed quickly because its state-owned companies function just like private companies. Therefore such attitudes are to be imitated. It occurs to me that the government is to be held responsible for private sector growth.