2013

Sphere Conferences and the Union of Myanmar Federation of Chambers of Commerce & Industry (UMFCCI) announced that they will jointly organise a series of industry specific investment conferences showcasing investment opportunities in urban development, banking and finance, as well as logistics and supply chain sectors staring from May 2013.

UMFCCI has identified that these sectors require foreign investment as Myanmar seeks to modernise economy to cope and thrive in the 21st century. The Chamber of Commerce stands as a national level non-governmental organisation representing and safegurading the intereest of the private business sector. With a vast network of chambers and trade associations affliated, UMFCCI acts as a bridge between the State and the private sector.

It is also a member of the Paris-based International Chamber of Commerce, ASEAN Chamber of Commerce and Industry, the Greater Mekiong Sub-Region Business Forum and Joint Economic Quadrangle Committee. UMCCI has also played a key role in the formulation of the recently updated version of the foreign investment law in Myanmar.

The announcement was made during the signing ceremony between Sphere Conferences and UMFCCI in Yangon.

This year, the organiser of Hong Kong International Travel Expo and MICE Business & Travel Expo (ITE & MICE), TKS Exhibition Services Ltd has partnered with Hong Kong Wedding Management Association on the theme of Honeymooning and Overseas Wedding (HOW). It was first launched in last year’s exhibition which was found to be popular among visitors.

Based on the HOW theme, there were will be information stand, trade and public seminars, as well as related activities such as auctions and lucky draw, with many of the trade seminars co-hosted by Hong Kong Wedding Management Association. HKWMA will extend invitation to travel agents from China that specialises on honeymoon and overseas to attend the ITE show.

Said K S Tong, managing director of TKS, “We warmly welcome the co-operation with HKWMA, whose extensive knowledge and contacts in the wedding industry will contribute significantly to the success and further development of HOW, and we look forward to a long term relation with the Association.”

Through the wedding association alone, it was registered that around 55,000 wedding couples in Hong Kong and 10 million weddings in mainland China have contributed to the spending of about HK$16 billion and RMB100 billion respectively to the economy. Also, in a public survey conducted found that each wedding couple from Hong Kong spend on an average in 2011, HK$34,000 on honeymooning, which was up 18 percent over the year before. Here exists huge business opportunity, as couples are spending more on wedding.