Business And Development In Myanmar

This handbook is to provide policymakers, business communities, development organizations, and other interested parties with a thorough overview of the private sector environment in Myanmar today. It outlines the challenges faced by businesses, elaborates on the nature of the challenges and why they are significant, and offers a set of recommendations to improve in order to foster greater development of the private sector, and the country as a whole. It is important to note that much of the excitement surrounding Myanmar stems from its 2011 shift towards greater economic openness to the rest of the world. Moreover, the upcoming ASEAN Economic Community 2015 is also likely to have a tremendous impact on the private sector in Myanmar. Hopefully this publication can serve as a reference for those seeking such information, and it can provide a wide-ranging understanding of the private sector’s current situation and how to help provide it with an equally-promising future.

This handbook is to provide policymakers, business communities, development organizations, and other interested parties with a thorough overview of the private sector environment in Myanmar today. It outlines the challenges faced by businesses, elaborates on the nature of the challenges and why they are significant, and offers a set of recommendations to improve in order to foster greater development of the private sector, and the country as a whole. It is important to note that much of the excitement surrounding Myanmar stems from its 2011 shift towards greater economic openness to the rest of the world. Moreover, the upcoming ASEAN Economic Community 2015 is also likely to have a tremendous impact on the private sector in Myanmar. Hopefully this publication can serve as a reference for those seeking such information, and it can provide a wide-ranging understanding of the private sector's current situation and how to help provide it with an equally-promising future.

In Business Opportunities in Myanmar, the fifth volume in the Nanyang Business Report Series, the editors offer an original, unparalleled understanding of the social, cultural and economic fabric necessary for successfully doing business in Myanmar. This book is unprecedented in its lucid synthesis of the socio-economic, historical and cultural development of Yangon, Mandalay and Bagan cities; assessment of macroeconomic policies and infrastructure development; review of Myanmar's corporate, commercial and foreign investment laws; consideration of its accounting environment, incentives and tax system; analysis of the manufacturing and services sectors including banking, marketing, transportation, tourism and hospitality; and a detailed focus on its labour market and human resources management.

This book is a practical and comprehensive guide to succeeding in business and investing in emerging Myanmar, formerly known as Burma. It covers the country’s history, geography, demographics and market size, political environment, economic conditions and industries, and legal framework, cultural idiosyncrasies including religious issues. It also discusses language, beliefs and customs, business etiquette and attitudes, management and working styles, meetings and decision making, and negotiation strategies that work. The author identifies incentives offered with regard to tax relief and repatriation of profits, the various sectors that are opening up, and where opportunities for participation exist. He also highlights the risks inherent in entering an emerging and new market economy and suggests ways of mitigating these risks. Strategies for success in an emerging Myanmar are propounded for both investors and businesses. This book allows for a deeper understanding of the business environment in Myanmar. You will be better able to evaluate the risk factors and options available and then make meaningful investment and business decisions.

Myanmar has often been referred to as the next great economic frontier. While the world has high hopes for this emerging economy, many hurdles lie ahead. Its laws, infrastructure, financial institutions, and rules of commerce continue to be a work in progress.This book provides numerous examples of companies that have not only overcome various challenges, but also thrived in the rapidly evolving environment that is Myanmar today. It covers the hopes and dreams of Burmese founders, who are leading organisations that are operating there. By telling the stories of their unique perspectives and experiences, we hope to inspire and guide those who follow, helping them envision and trailblaze their own paths forward in the emerging economy.

Myanmar is emerging from decades of military rule, central planning and economic isolation as it implements political and economic reforms and, as a result, faces fewer international sanctions. The country has great potential for rapid development due to its vast natural resources, abundant labour force and geostrategic location. To assist efforts, ESCAP and OECD conducted a multi-dimensional policy review of Myanmar from the end of 2012 in coordination with the Government of Myanmar. During the review, the lack of information on the business conditions on the ground was found to be a serious impediment to the development of appropriate polices. To address this, a joint business survey with the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) was conducted, providing a rich dataset of 3 000 firms in all sectors and regions to help in understanding characteristics and the challenges they face. This publication explores the results in depth, in order to develop policies that address challenges and promote private sector development in Myanmar.

Myanmar Economic & Development Strategy Handbook

2011 Updated Reprint. Updated Annually. Myanmar Business & Investment Opportunities Yearbook