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CMT’s 2nd MRES Reviews Myanmar's Real Estate Outlook: Prospects, Challenges and Opportunities

CMT’s 2nd MRES spotlights infrastructure developments, incentives for investments in special economic zones like Thilawa & Myothar Industrial Zone Park, the landscape of hotels and resorts in key tourist attractions like Mandalay – plus discussions on financing & commercial terms including guidelines on land ownership, and structuring joint venture partnership.

August 21, 2013 -- CMT’s 2nd MRES, being held in Yangon from the 30 Sep-01 Oct, 2013, hones in on pivotal issues, critical for investing in Myanmar’s real estate development and property sector.

Myanmar real estate sector is booming as investors respond positively to the country’s economic and political reforms. Burgeoning demand and new opportunities are attracting investments from around the world. The extent of this can be judged by the fact that Yangon enjoys the highest property prices in Southeast Asia. The explosion in tourism is also leading to acute shortage of hotels, residential buildings and mixed-use projects. Apart from new projects, old and existing properties are being refurbished and repositioned for generating incremental revenue.

New at this year’s edition is the spotlight on infrastructure developments, incentives for investments in special economic zones like Thilawa & Myothar Industrial Zone Park, the landscape of hotels and resorts in key tourist attractions like Mandalay – plus discussions on financing & commercial terms including guidelines on land ownership, and structuring joint venture partnership.

The summit opens with a welcome address by the Chairman of Htoo Group of Companies to be followed by a presentation on ‘Urbanization of Yangon City: Master-plan & Outlook’ by a Senior Official of the Yangon City Development Committee, then another address on ‘Mandalay as a Tourism & Industrial Hub’ by a Senior Official from Mandalay City Development Committee.

Among the industry expert speakers is Mr. Richard Leech, Executive Director (Retail Services) of CB Richard Ellis (Vietnam) Co. Ltd slated to deliver his topic an ‘Retail Sector – Futurescape in Myanmar’. Also on the speaker panel are Mr. Masaki Takahara, Executive Managing Director, Japan External Trade Organization (JETRO), with a presentation on ‘Infrastructure & Industrial Development: Thilawa Special Economic Zone’, as well as Colliers International Myanmar’s Managing Director, Mr. Tony Picon addressing ‘Service Apartment Landscape in Myanmar’.

Other featured speakers and panelists for the summit include:

• U Win Zaw, Director for Urban & Regional Planning, Ministry of Construction, Myanmar

• Dr . Thant Myint U, Chairman, Yangon Heritage Trust

• Ms. Karina Peng, Partner, Polastri Wint & Partners

• Mr. Cyrus Pun, Executive Director, Yoma Strategic Holdings Ltd.

• Mr. Han Kyi, Director, Creation Myanmar Co., Ltd.

• Mr. Bill Barnett, Managing Director, C9 Hotelworks Company Limited

• Dr . Sandar Htun, Deputy Managing Director, Shwe Taung Development Co., Ltd.

• Mr. Andrew Langdon, Senior Vice President (Hotels & Hospitality Group), Jones Lang LaSalle

• Mr. Victor Pang, Vice President Development (Asia), Accor Asia Pacific

• Mr. Frank Janmaat, Managing Director, Kaung Myanmar Association (KMA) Hotel

• Mr. Peter J. Crowhurst, Head of Asset Management (Real Estate), Yoma Strategic Holdings Ltd.

• Mr. Pierre-Jean Malgouyres, General Director, Archetype Group

• Mr. Sebastian Pawlita, Partner, Polastri Wint & Partners

The summit expects to draw regional and foreign Property investors & developers, Real estate analysts,

Construction & engineering firms, Consultants & brokerage firms, Hoteliers, Financiers & lenders, Banks & financial institution, Asset managers & fund managers, Real estate funds, REITs, hedge funds & private equity, Insurance firms, Law firms, Tax consultants, Industry regulators and many more.

Details of the summit can be viewed at http://www.cmtevents.com/aboutevent.aspx?ev=130941&pu=222512

Please contact Ms. Grace at Tel. 65 6346 9147 for enquiries.

One of the Speakers: Mr. Julien Esch

Business Development Manager for the International Building division of Bouygues Construction, one of the world leaders in the construction industry, Julien Esch is in charge of securing new building construction deals for the company in South East Asia, from India to Singapore, and Myanmar to Indonesia. Bouygues is acting is all 5 continents, with over 30 billion Euros turnover in 2012, and its operating in Singapore under its fully owned subsidiary Dragages Singapore, which has built some of the most prestigious projects in the country, such as the Fullerton Hotel or the Sail condominium at Marina Bay, and which is now leading the PPP consortium in charge to design, finance, built and operate the new National Stadium, the Singapore Sport Hub.

French national, with a master degree in Science, Julien started his carrier on construction site, as Mechanical & Electrical Engineer for the construction of the Budapest Arena, before moving to London to take the responsibility of the structural works for the main building of the new Home Office for the British government under a PPP scheme. He reached Asia in 2006 where he has been project manager for a large high end residential project in Bangkok, the MET, 3 towers of 70 stories developed by the Singaporean company HPL.

Julien has lead the Dragages team which secures its first project in Myanmar early April 2013, for the design and construction of 1042 residential units at Star City project, in Yangon, in partnership with SPA-PM. He is always actively looking at new construction building opportunities in the region.

Mr. Julien Esch, Business Development Manager
BYMA
Part 1: Design & Building Projects in Myanmar: Keys for a Successful Delivery in a Demanding Environment
Day 2 [Tue 01, October], at 01:30 PM
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GIGI Foundation & GIGI Art of Dance | DANSHARE -Share Trough Dance, Care to Share

Gigi Foundation dan Gigi Art of Dance bekerja sama dengan Ikatan Sydroma Down Indonesia (ISDI) dan Yayasan Tuna Rungu SEHJIRA menyelenggarakan “DANSHARE – Share Trough Dance, Care to Share- tanggal 9 Juni 2013 di Balairung Soesilo Sudarman Gedung Sapta Pesona Kantor Kementrian Pariwisata dan Ekonomi Kreatif. Ini adalah sebuah bukti yang di asung oleh Gigi Foundation dan Gigi Art Of Dance bahwa seni itu dapat dinikmati dan di apresiasi oleh siapapun tanpa melihat kekurangan fisik dan pikiran. Read more
For more details please visit Gigi Art Of Dance , Phone 021-739 9739.

www.ghouse-group.com
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To Orchestra your entire Hotel Operations

Rhapsody® hospitality solution is specifically designed for hotels, resorts, service apartments, boutique hotels, clubs and hotels with golf course.

Today’s competitive hospitality industry has sparked new waves of creativity in hotel management. Downsizing and multi-tasking, buzzwords of the 90’s, continue to play an important role in today’s challenging and labor-intensive hospitality industry. Number of transactions rapidly increases with the addition of new facilities, while hotel operators are under pressure to reduce staffing levels. Balancing reduced staffing versus intense work-load makes for an overwhelming need for an efficient and innovative softare to support successful hotel operations.

We are pleased to introduce the widely accepted hotel software system, Rhapsody. We are pleased to introduce the widely accepted hotel software system, Rhapsody, enabling hotel operators easy access to facts and figures in formulating accurate and rapid decisions. Rhapsody efficiently supports hotel operations with minimal staffing levels. Heavy transactions and operations are easily processed by Rhapsody. This leads to increased staff productivity allowing them to focus more on customers’ needs. Each transaction from Front Office will automatically generate corresponding journal entries in the Back Office. With Rhapsody the entire hotel performance will increase.

Rhapsody® is the only system completely answering the Total Functionality needs of the hospitality industry. Rhapsody our second-generation product, first designed in 1983 under the name R-hotel-S, is a fully integrated system to serve all hospitality business models. Allow us to demonstrate how Rhapsody® will capture, process and analyze all data and transactions in real-time environment thus enabling management to successfully orchestrate the entire hotel operation!

A Complete System to Orchestrate Your Entire Hotel Operation
Seamless integration of the Front Office, Back Office and Logistic functions are advantageous features of Rhapsody®. Re-entering Front Office data to the Back Office is a burdensome process of the past! Reduced manual activities equate into fewer mistakes and minimized administrative burden. Prompt reporting of revenue and costs provides managerial tools to analyze operational performance.

New Features to Accommodate New Hospitality Business Models
Rhapsody® is designed to meet new trends in the hospitality industry, including service apartments. The golf course management and administration is seamlessly integrated into the hotel system. Point of sales with comprehensive sales and operations reports are available for management analysis. Catering/banquet functions with menu analysis and other functionalities will assist in managing/calculating cost.

Integration with Other Hotel System
Front Office system from other worldwide software vendors can be used in conjunction with our Logistic and Back Office systems to create a complete solution.

Customized Software to Cater Your Specific Operational Needs
Rhapsody® can be modified to meet the specific company and/or country needs. Our software has the capability of interfacing with other software systems, even when added at a later date, such as an upgraded Telephone Billing System, electronic/biometric door locks or Car Parking System.

Assists Hotel Operation with Built-in Security Controls
Learn how our housekeeping module provides work lists for housekeeping management. Understand how our cashiering system lessens the burden of cashiering reports. Discover our complete security and built-in controls ensuring accurate and prompt transactions.

Integration of Multiple Properties and Multiple Locations
Rhapsody® is capable to manage multiple properties in multiple locations without decreasing system performance.

Managing Changes, Team Building and Business System Re-Engineering
Through REALTA’s Unique Implementation Methodology, Business Process Re-engineering is a must. These changes will create work-force optimization with utmost efficiency and effectiveness. Team building session is an integral part of the implementation process to accommodate the process of staff adjustment to a new system and a new way to work. No one likes changes and we make the experience of learning our system easy and enjoyable.

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