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Introducing New Corporate Advisory Arm in Yangon, Myanmar

July 2014

 

We are pleased to share that our firm has expanded our regional footprint with a new subsidiary in Yangon, Myanmar. Incorporated on 1 July 2014, NTS Myanmar Co. Ltd (“NTS Myanmar”) will be an extension of our Singapore office by providing a full suite of Corporate Advisory Services for our clientele with Myanmar operations and new foreign investments into Myanmar. In addition, we aim to assist domestic businesses aspiring to venture abroad and/or seeking for overseas listing opportunities.

 

Myanmar is a country rich in precious stones, oil, natural gas and other mineral resources. The world’s largest exporter of teak and a principal source of jade, pearls, rubies and sapphires. With a population of close to 60 million and residing on land area of 676,590 square km, it is the world’s 24th most populous country, the world’s 40th largest country and the second largest in Southeast Asia. Myanmar is fast becoming one of the hottest destinations for investments into ASEAN, aided by the rapid developments in infrastructure and continuous refinement of government policies to attract the international business community. The 2011/12 GDP of Myanmar is estimated at US$89 billion with growth of 5.9% which reveals an improvement from the GDP of US$82.7 billion and an annual rate of 5.5% recorded for 2010/11. The economy of Myanmar grew by 6.5% in 2012/13 and is expected to expand by 6.8% in 2013/14.

 

Located within the FMI Centre, our Myanmar office operating with local professional staff is headed by two of our directors who possess a good knowledge of local business practices, given their experience in serving Myanmar based public listed clients. In time to come, we aspire to grow our Myanmar advisory arm to more than 30 professional staff capable of providing various advisory services ranging from feasibility studies, setting up of business, outsourced accounting work, M&A due diligence, IPO advisory, technology advisory, tax structuring to governance and risk management.

 

 

About Nexia TS:

Nexia TS was founded in 1993 by two experienced chartered accountants – Henry Tan and Sitoh Yih Pin. After working as managers for one of the international accounting firms, they saw a vision and an opportunity to establish their own organisation – not any accounting firm – but one which is unique in their personalised and well-qualified expertise.

 

To date, Nexia TS is recognised as an established mid-tier local accounting firm. We have grown significantly in size over the years. Being an independent member firm of Nexia International, we are affiliated to accounting firms in many parts of the world. This means that our clients will get to enjoy personalised, comprehensive and quality services at competitive rates in Singapore and globally. Our reputation for quality has been recognised by clients and accounting professionals. As testimony to this, we are among the first few local accounting firms to be accredited by the Institute of Chartered Accountants in Australia to provide supervision of professionals undergoing traineeship to qualify as Chartered Accountants.

 

Headquartered in Singapore, Nexia TS has established a strong presence in various countries across the region. Nexia China is a one-stop centre providing advisory services for foreign-invested enterprises in China. NTS Malaysia and NTS Myanmar provide a full suite of corporate advisory services for our clientele with operations and new foreign investments in the respective countries.

Nexia International is an international network of accounting and consulting firms with origins going back to 1971, making Nexia International one of the longest established networks. Currently, with more than 28,000 professional staff serving our clients at over 650 offices in 115 countries, it is ranked as the top 10 largest international accounting and consulting network.

 

For more details, please visit www.nexiats.com.sg.

 

Media Contacts:

Grace Lui
Head of Marketing Communications
+65 6597 7297
gracelui@nexiats.com.sg

 

Daniel Chen
Marketing Communications Manager
+65 6534 5700 (ext. 861)
danielchen@nexiats.com.sg