Potential Growth of Oceanpac in Myanmar

Jevon Jodjana, Nancy Goh Swee Swee, Percy Lionell Tambuwun, Dang Le Thanh Thao, Pak Jangkyu

                It is a big opportunity for us to conduct a rigorous research and analyze the prospect of expanding business to Myanmar, for Oceanpac Ltd. Oceanpac engineering PTE LTD is a leading provider of oil country tubular goods based on Singapore. By analyzing the prospect of expanding business to Myanmar, Our group will be able to measure the potential growth of Oceanpac in Myanmar.

 

Myanmar itself is called the new gold mine of Asia due to their abundant natural resource  which attracted the investor attention as well as the mining company from all over the world. In recent years, Myanmar has started to open up to foreign investors after the diplomatic isolation and economic sanctions from previous military dictatorship since 1962 to 2011. This turnover has changed the legal system that allows the investors to enter Myanmar with more benefits.

 

By analyzing the legal systems and market outlook we will give Oceanpac the information needed about Myanmar and help them with the strategy before entering Myanmar’s market. In addition, by identifying the potential and Risks of expanding business to Myanmar, we will give a recommendation to Oceanpac Ltd, whether they should expand their business or not. The information we obtained however are not limited to strategy and mode of entry Oceanpac Ltd should use, but also the requirements and preparation the company should have or do. Furthermore, it will not stop here and in the next 2 years there will be more benefit to come from the changes in legal system and policies of Myanmar for the benefits of Oceanpac Ltd.