Local consulting firm opens branch in Japan

Yangon-based think-tank Myanmar Survey Research (MSR) opened an overseas office in Japan last month to work closely with potential Japanese investors.

The office is located in Chidoya ward, Tokyo, under the name MSR Japan with operations planned to commence after the New Year.

“The objectives of setting up an office in Japan are for us to work more closely with Japanese companies so that we could provide them with more reliable and accurate information about Myanmar,” said U Kyaw Hlaing, president of MSR.

The move comes after Myanmar was listed by the World Bank as the top 20 economies making improvements in the Doing Business 2020 index. The country climbed to 165th place out of 190 countries on the index, jumping six places from the previous year’s 171st place. Myanmar’s economy has also been projected to grow 6.7 percent in fiscal 2020-21, and more Japanese investors are forecasted to channel investments into the country.

“MSR Japan will act like a liaison office, we will provide face-face meetings, reports and seminars directly to clients in Japan,” said Eiichiro Takinami, head of Japan Desk and business consulting team.

One or a team of two from Yangon’s MSR will also travel to Tokyo on a monthly or bi-monthly basis, he added. MSR representatives visited Tokyo last September to meet Japanese business people. MSR opened a Japan Desk at its Yangon office in late 2018, consisting of a team which focuses on assisting Japanese investors who are planning to do business or are doing business in the country.

The Desk is headed by a Japanese consultant, who is a former consultant at Mitsubishi and Deloitte Consulting. With the new office in Japan, MSR’s researchers and consultants can offer services directly to Japanese clients and potential investors in Myanmar.

According to Directorate of Investment and Company Administration as of October, Japan is ranked 10th for approved foreign direct investments into Myanmar with US$1.2 billion channeled into 118 projects.

Singapore is ranked first in the list of most approved FDI poured into Myanmar at $22 billion overtaking China’s $20 billion.

Source : Myanmar Times

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