IFC, in cooperation with UMFCCI, organized a public awareness event in Yangon to address food safety issues with government representatives, leading food producers, retailers, and industry experts.
Myanmars agribusiness sector is keen to adopt world class food safety management systems, said U Ye Min Aung, Vice President of UMFCCI. An efficient system will ultimately benefit consumers with safer food and health.
During a meeting with U Win Khine, Minister of the Ministry of Electricity and Energy (MOEE) at the UMFCCI
office, the move took place.
Practically this could be done through industry associations (such as UMFCCI
, MGMA, etc.) but also by piggy-backing on existing initiatives such as the "Business Forum", a platform for public-private dialogue, and the "Saturday Talks" organized by the Department of SME Development.
The signing ceremony was part of the first corporate governance forum organized by IFC and the UMFCCI. Around 400 government and business representatives attended the half-day forum in Yangon today to discuss corporate governance challenges and opportunities faced by Myanmar; they also shared the latest trends and global best practices.
The cooperation between IFC and the UMFCCI is a key milestone in improving corporate governance standards and practices in Myanmar.
Corporate governance advocacy is a key to achieving UMFCCIs
objective to usher Myanmar business community into globalized economy.
He spoke at an event hosted by Rolls Royce Plc and UKTI that highlighted Rolls-Royces ability to deliver excellence to Burmese companies and at a seminar jointly hosted by UK Trade & Investment, the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) and BLP Law.
Following the event at UMFCCI Lord Ahmad took the opportunity to launch UKTI Burmas Business is GREAT campaign.
IFC, a member of the World Bank Group, and the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) signed a cooperation agreement today to improve corporate governance practices among Myanmar companies to raise their competitiveness.
In addition to hosting the forum, IFC will provide workshops to help the UMFCCI a national-level nongovernmental organization representing the interests of Myanmars private sector develop and deliver corporate governance training programs for companies.
Deputy Minister Ebrahim is expected to meet with the President of the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI
) and to also host a business reception for operators in key sectors of Myanmar s economy.