ID :
366276
Wed, 05/06/2015 - 14:01
Auther :

Zhulian Positive Of New Venture In Myanmar, Operations To Kick-Off Next Month

By Samantha Tan GEORGE TOWN (Penang, Malaysia), May 6 (Bernama) -- Multi-level marketing firm, Zhulian Corporation Bhd, positive of its new venture in Myanmar, will begin operations next month. Group Managing Director Teoh Meng Keat said Zhulian has appointed a master agent in Myanmar and 47 district agents to promote the group's products. "We have obtained an import licence from the Myanmar government for our consumer goods to enter the country. "It has been our plan since the beginning to target the Indo-China market. We are already in Thailand and Indonesia, now in Myanmar and subsequently we will be in Cambodia and Vietnam," he told Bernama after the group's annual general meeting here Wednesday. Teoh said the appointment of a master agent was due to the country's laws on limitations to company ownership hence Zhulian would export its consumer products to the agent to distribute to the locals. On Zhulian's performance for the financial year ending November 2015, Teoh said it would be challenging, amid uncertainty in the regional economic situation, currency fluctuations and spending behaviour domestically due to the Goods and Services Tax. "Nevertheless, we are positive we can defend our market share and support our distributors by making business opportunities more appealing to the younger market segment," he added. -- BERNAMA

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