Myanmar, also known as Burma, has experienced a turbulent political history including periods of British rule, military dictatorship, and pro-democracy movements. In recent years, the government has initiated political and economic reforms leading to greater openness. However, the country still faces challenges including poverty, corruption, underdeveloped infrastructure, and sanctions from Western nations. Myanmar has significant natural resources and the government is seeking to increase foreign investment to develop the economy, especially in the extractive industries, power, and tourism sectors.
China has a large land area and long borders with many neighboring countries. It has a diverse terrain and climate. The country's economy has grown rapidly in recent decades and it now leads the BRICS economies. China has a socialist market economy and continues to transition from a centrally planned system. The banking, insurance, and securities sectors are important and regulated.
Regime wise analysis of debt in Pakistan 2013Mehvish Raouf
Military regimes in Pakistan generally pursued policies that strengthened the macroeconomic environment and reduced debt levels through high economic growth rates and foreign assistance. In contrast, democratic regimes struggled with political instability, poor governance, and increasing debt burdens. Currently, Pakistan's public debt exceeds 90% of GDP and the government relies on loans from the IMF and other international organizations to repay debt obligations.
Presentation on Economics Growth of BangladeshJafor Sadik
The document discusses the economic growth of Bangladesh. It notes that Bangladesh has experienced average GDP growth of 5.4% in recent years, driven by development of microcredit and the garment industry. However, challenges remain including overpopulation, poor infrastructure, corruption, and political instability. Key constraints to improving growth are increasing export competitiveness, developing the financial sector, improving education and rural development, and investing in transportation infrastructure like roads, railways and inland waterways.
The document compares key economic indicators of China and the United States, including:
- A healthy GDP growth rate is 7.5% for China and 3% for the US.
- Healthy unemployment rates are 4% for China and 5% for the US.
- Healthy inflation rates are ≤2% for China and ≤3% for the US.
The document also analyzes China's foreign trade relationships and investments.
The document contains information about a group project on conditioning on foreign debt. It lists the group members and provides an introduction to concepts like foreign debt, World Bank, IMF, objectives of IMF and IMF assistance to Pakistan. It discusses why Pakistan takes foreign loans, how loans are allocated, and economic impacts of IMF conditionalities like effect on health, education, privatization, inflation and fiscal deficit. It also outlines effects on sectors like utilities, poverty levels, education and privatization in Pakistan.
The document discusses China's economic development and unemployment rate. It notes that China experienced rapid economic growth after economic reforms in 1978. China joined the WTO in 2001 and became the world's factory due to its large labor force and resources. In 2009, China surpassed Japan to become the second largest economy in the world. However, inflation increased to its highest level from 2009 to 2011 despite government efforts. While China has high GDP growth, its average worker income remains below international standards, and economic development has not always benefited workers.
China has experienced significant economic growth and development in recent decades, transitioning to a more market-oriented economy that is more globally connected. It has the world's second largest economy and is a major exporter and importer, with its top exports including machinery, electronics, and manufactured goods. China has the largest population and labor force in the world, though unemployment and wages remain relatively low compared to developed nations. The economy is still dominated by state-owned enterprises, though private sector growth has increased. Environmental issues and workplace safety also remain concerns due to rapid industrialization.
China has a large land area and long borders with many neighboring countries. It has a diverse terrain and climate. The country's economy has grown rapidly in recent decades and it now leads the BRICS economies. China has a socialist market economy and continues to transition from a centrally planned system. The banking, insurance, and securities sectors are important and regulated.
Regime wise analysis of debt in Pakistan 2013Mehvish Raouf
Military regimes in Pakistan generally pursued policies that strengthened the macroeconomic environment and reduced debt levels through high economic growth rates and foreign assistance. In contrast, democratic regimes struggled with political instability, poor governance, and increasing debt burdens. Currently, Pakistan's public debt exceeds 90% of GDP and the government relies on loans from the IMF and other international organizations to repay debt obligations.
Presentation on Economics Growth of BangladeshJafor Sadik
The document discusses the economic growth of Bangladesh. It notes that Bangladesh has experienced average GDP growth of 5.4% in recent years, driven by development of microcredit and the garment industry. However, challenges remain including overpopulation, poor infrastructure, corruption, and political instability. Key constraints to improving growth are increasing export competitiveness, developing the financial sector, improving education and rural development, and investing in transportation infrastructure like roads, railways and inland waterways.
The document compares key economic indicators of China and the United States, including:
- A healthy GDP growth rate is 7.5% for China and 3% for the US.
- Healthy unemployment rates are 4% for China and 5% for the US.
- Healthy inflation rates are ≤2% for China and ≤3% for the US.
The document also analyzes China's foreign trade relationships and investments.
The document contains information about a group project on conditioning on foreign debt. It lists the group members and provides an introduction to concepts like foreign debt, World Bank, IMF, objectives of IMF and IMF assistance to Pakistan. It discusses why Pakistan takes foreign loans, how loans are allocated, and economic impacts of IMF conditionalities like effect on health, education, privatization, inflation and fiscal deficit. It also outlines effects on sectors like utilities, poverty levels, education and privatization in Pakistan.
The document discusses China's economic development and unemployment rate. It notes that China experienced rapid economic growth after economic reforms in 1978. China joined the WTO in 2001 and became the world's factory due to its large labor force and resources. In 2009, China surpassed Japan to become the second largest economy in the world. However, inflation increased to its highest level from 2009 to 2011 despite government efforts. While China has high GDP growth, its average worker income remains below international standards, and economic development has not always benefited workers.
China has experienced significant economic growth and development in recent decades, transitioning to a more market-oriented economy that is more globally connected. It has the world's second largest economy and is a major exporter and importer, with its top exports including machinery, electronics, and manufactured goods. China has the largest population and labor force in the world, though unemployment and wages remain relatively low compared to developed nations. The economy is still dominated by state-owned enterprises, though private sector growth has increased. Environmental issues and workplace safety also remain concerns due to rapid industrialization.
China has the second largest economy and is the most populous country. It has experienced rapid economic growth averaging 10% over the last 30 years due to reforms allowing private sector growth and foreign investment. China uses fiscal and monetary policies like government spending on infrastructure, adjusting required reserve ratios, and managing the yuan's exchange rate to influence economic stability and growth. These allowed China to recover quickly from the 2008 financial crisis through measures such as lowering interest rates and enacting a $650 billion stimulus package. While still having some state-owned sectors, China has transitioned significantly from a centrally planned to more market-based economy.
China has experienced phenomenal economic development over the last 30 years through an approach of scale, speed, and low cost. It has rapidly built up huge industrial capacities, infrastructure networks like highways and airports, and power generation capabilities. Decision making and implementation are very quick due to a single political party system and emphasis on execution without questioning. This fast growth has made China the world's second largest economy and third largest trading nation.
This document provides an overview of biodiversity, forests, and people in the Indian state of Sikkim. It discusses Sikkim's geography, climate, population, economy, social indicators, agriculture, natural resources, and forests. The state has high biodiversity due to its varied elevations and climate zones. Forests cover 47% of the state's area and are important resources as well as home to people. The document examines policies around balancing conservation, development, and sustainability in the ecologically fragile state.
This document provides an overview of China's economic development from 1979 to the present. It discusses how China implemented economic reforms beginning in 1979, including establishing special economic zones, decentralizing economic policymaking, encouraging private businesses and foreign investment. As a result of these reforms, China's economy has grown substantially faster than during the pre-reform period, with an average annual growth rate of around 10% between 1979-2010. China has become the world's second largest economy and largest exporter, achieving unprecedented economic growth and dramatically improving living standards.
Brunei Darussalam is a small Southeast Asian country located on the northern coast of the island of Borneo. It has a population of around 400,000 people and its economy is heavily dependent on oil and natural gas production and exports, which account for over 90% of exports and around 66% of GDP. The country has a highly developed economy and ranks very highly in terms of GDP per capita, which is among the highest in Asia. Brunei has a constitutional monarchy system of government and is currently ruled by Sultan Hassanal Bolkiah, who has been the head of state since 1967.
China has experienced rapid economic growth in recent decades, transitioning from a centrally planned economy under Mao Zedong to a socialist market economy under Deng Xiaoping. It joined the WTO in 2001 and became the world's second largest economy by 2010. Key drivers of growth have included decollectivizing agriculture, promoting trade and foreign investment, privatizing state-owned enterprises, and investing heavily in infrastructure. However, China still faces challenges such as an incomplete transition to a market economy, overdependence on exports and investment, and severe environmental pollution. Its rise has also had global consequences, including increasing demand for raw materials, competition for exports, and impacts on currency exchange rates and greenhouse gas emissions.
The document summarizes the failures and corruption of the Indian government under Prime Minister Manmohan Singh and the United Progressive Alliance (UPA) from 2004 to 2014. It notes that Singh worked more like a CEO taking orders from Sonia and Rahul Gandhi rather than as an independent leader. Major issues that arose included a decline in economic growth, high inflation, numerous major corruption scams, failure to address poverty, neglect of national security issues both internal and at the borders, foreign policy failures, neglect of development in the North-East, failures in education and healthcare, undermining of democratic institutions, and failure to fulfill promises made in the 2009 election manifesto. Overall the document portrays the UPA decade as one of
This document provides information about Taiwan and Israel by comparing their country profiles, economies, governments, and risks. Some key details include:
- Taiwan and Israel have different governments - Taiwan has a unitary semi-presidential republic system while Israel has a unitary parliamentary republic.
- Their economies also differ in size - Taiwan has a larger GDP total and per capita than Israel.
- Both countries face some political risks but Taiwan's risks are considered low while Israel's are moderate due to factors like security concerns and political instability.
- Their financial system risks are also low with strong regulations and reserves providing cushions against economic shocks.
South Korea is a stable democracy with a growing economy and strong infrastructure that provides many opportunities for investment. The document outlines key economic indicators for South Korea such as GDP growth of 6.1% in 2010, unemployment rate of 3.5%, and average monthly salaries ranging from $4,360 to $8,000 USD. It also discusses political stability, trade agreements, foreign investment trends, and incentives provided to investors. Six main reasons are given for investing in South Korea: relatively cheap stocks, solid economic growth, controlled inflation, an undervalued currency, a strong government balance sheet, and the potential for South Korea to be reclassified as a developed market. The conclusion is that South Korea provides many advantages and incentives that make it
This document provides an intelligence brief on the economic growth prospects of several countries in the Southern African Development Community (SADC) region. It discusses factors supporting and hindering growth for each country, including natural resources, infrastructure development, political stability, education and health issues, corruption, and dependence on commodity prices and foreign investment. Key challenges across many countries are high unemployment, especially among youth; inadequate power supply and infrastructure bottlenecks; and the impacts of HIV/AIDS on the labor force and economic growth.
Bhutan PEST analysis and relationship with India.Lakhyajit Kalita
Political, Economical, Social and Cultural analysis of Bhutan and it's relationship, importance for India.
Bhutan is far from other advanced countries but near to peaceful blue skies.
So I hope you'll learn some new information from the presentation.
Indonesia is an archipelago nation in Southeast Asia that gained independence after World War II. It has the world's fourth largest population and has pursued moderate international relations, being a founding member of ASEAN and the Non-Aligned Movement. Indonesia has the largest economy in Southeast Asia and is a member of the G-20. It exports mainly to Japan, the US, and China and imports mainly from Japan, China, and Singapore. The country has faced economic crises and high unemployment despite growth, and corruption has also interfered with recovery.
This document provides an overview of the Chinese economy from the post-World War 2 era to the 21st century. It discusses China's early economic strategies following the founding of the People's Republic of China in 1949, including implementing 5-year plans and increasing state ownership. It outlines China's economic reforms beginning in 1978, increasing market mechanisms and trade. It then examines China's role as a major global manufacturer and top exporter, as well as its regional trade agreements. It also notes both China's continued success and challenges such as the environment, inequality, and urbanization.
Political Economy of a Post-Colonial State; Economic Development of PakistanShahid Hussain Raja
Despite all the ups and downs, Pakistan is now the 26th largest economy in the world in terms of Purchasing Power Parity, (44th largest in terms of nominal GDP). With per capita income of US$ 4550, Pakistan occupies at 140th place on this count in the world, thanks to her burgeoning population of 200 million people. Pakistan is one of the Next Eleven, the eleven countries that, along with the BRICs, have a potential to become one of the world's large economies in the 21st century. By 2050, with an estimated GDP of $3.33 trillion, Pakistan is expected to become world’s 18th largest economy, according to Goldman Sachs. However, this progress is not as impressive as it looks or should have been keeping her potential. Similarly her dismal social indicators, structural anomalies and income disparities leave much to be desired.
This presentation sums up the development experience—what Pakistan did marvellously, what it did marginally and where it failed miserably during her development journey. It ends with an the lessons other developing countries can learn from this development experience of Pakistan.
China represents a large, growing, and resilient market with increasing normalization of business practices. It has a population of over 1.35 billion people and is the world's second largest economy. While China poses some political and business risks, it also offers opportunities as a low-cost manufacturing hub with a large talent pool. The Chinese government maintains a strong role in the economy through state-owned enterprises and banks, and the Communist Party exerts control over political and economic decision making. China has experienced rapid economic growth since implementing market reforms in the late 1970s.
Brunei is heavily reliant on oil and natural gas revenues, but these resources will be depleted within 30 years. To diversify its economy, Brunei is pursuing plans to become a financial hub and develop other industries. This includes attracting foreign direct investment, strengthening financial reserves and infrastructure, improving human capital, establishing an independent regulatory authority, and positioning itself as an Islamic finance hub for energy-related financial services.
Final project WBG -MOOC- financing for development-unlocking investmenthuzzaiin
Audience of the Presentation
Afghanistan is a fragile and conflict state (FCS). Its economy is suffering due to the political unrest. For the Economic Stability (SDGs # 8) of the country, people from every sphere of life have to do his role. General public have to be vigilant and abide by the rules & regulations of the country whereas politician and executive organs of the country have to develop policy to attract domestic and foreign resources to stabilize the economy.
This document outlines China's historical economic growth and challenges to its current growth model. It discusses China shifting from increases in physical and human capital between 1952-1978 to participation of total factor productivity growth after 1978. Key reforms in the 1980s expanded the non-state sector and increased agricultural incentives. China has become the world's second largest economy and largest exporter but faces potential slowing growth as it reaches middle income levels and must transition its growth model to become more sustainable and consumption driven.
Some facts about economics here in the philippinesIan Paje
The Philippine economy has seen inflation rates of 3.1% in 2012 and 4.7% in 2011, with GDP deflator reaching a maximum of 53.34% in 1984 and minimum of 1.96% in 1967. The country has an economic freedom score of 60.1, ranking it 89th globally and 16th in Asia-Pacific, with improvements in seven freedoms offset by deteriorations in property rights. While the economy has grown 5% annually over five years through government reforms, lingering challenges will require deeper commitment to reforms such as further reducing corruption.
This document is a template for a company profile that provides information about a business. It includes sections for business contact details, an introduction to the company's history and services, its strategy and goals, management structure, customers and completed projects. The profile template can be customized with a company's specific information to share details about the business. It is available in MS Word format and can be printed, emailed or provided on disk.
China has the second largest economy and is the most populous country. It has experienced rapid economic growth averaging 10% over the last 30 years due to reforms allowing private sector growth and foreign investment. China uses fiscal and monetary policies like government spending on infrastructure, adjusting required reserve ratios, and managing the yuan's exchange rate to influence economic stability and growth. These allowed China to recover quickly from the 2008 financial crisis through measures such as lowering interest rates and enacting a $650 billion stimulus package. While still having some state-owned sectors, China has transitioned significantly from a centrally planned to more market-based economy.
China has experienced phenomenal economic development over the last 30 years through an approach of scale, speed, and low cost. It has rapidly built up huge industrial capacities, infrastructure networks like highways and airports, and power generation capabilities. Decision making and implementation are very quick due to a single political party system and emphasis on execution without questioning. This fast growth has made China the world's second largest economy and third largest trading nation.
This document provides an overview of biodiversity, forests, and people in the Indian state of Sikkim. It discusses Sikkim's geography, climate, population, economy, social indicators, agriculture, natural resources, and forests. The state has high biodiversity due to its varied elevations and climate zones. Forests cover 47% of the state's area and are important resources as well as home to people. The document examines policies around balancing conservation, development, and sustainability in the ecologically fragile state.
This document provides an overview of China's economic development from 1979 to the present. It discusses how China implemented economic reforms beginning in 1979, including establishing special economic zones, decentralizing economic policymaking, encouraging private businesses and foreign investment. As a result of these reforms, China's economy has grown substantially faster than during the pre-reform period, with an average annual growth rate of around 10% between 1979-2010. China has become the world's second largest economy and largest exporter, achieving unprecedented economic growth and dramatically improving living standards.
Brunei Darussalam is a small Southeast Asian country located on the northern coast of the island of Borneo. It has a population of around 400,000 people and its economy is heavily dependent on oil and natural gas production and exports, which account for over 90% of exports and around 66% of GDP. The country has a highly developed economy and ranks very highly in terms of GDP per capita, which is among the highest in Asia. Brunei has a constitutional monarchy system of government and is currently ruled by Sultan Hassanal Bolkiah, who has been the head of state since 1967.
China has experienced rapid economic growth in recent decades, transitioning from a centrally planned economy under Mao Zedong to a socialist market economy under Deng Xiaoping. It joined the WTO in 2001 and became the world's second largest economy by 2010. Key drivers of growth have included decollectivizing agriculture, promoting trade and foreign investment, privatizing state-owned enterprises, and investing heavily in infrastructure. However, China still faces challenges such as an incomplete transition to a market economy, overdependence on exports and investment, and severe environmental pollution. Its rise has also had global consequences, including increasing demand for raw materials, competition for exports, and impacts on currency exchange rates and greenhouse gas emissions.
The document summarizes the failures and corruption of the Indian government under Prime Minister Manmohan Singh and the United Progressive Alliance (UPA) from 2004 to 2014. It notes that Singh worked more like a CEO taking orders from Sonia and Rahul Gandhi rather than as an independent leader. Major issues that arose included a decline in economic growth, high inflation, numerous major corruption scams, failure to address poverty, neglect of national security issues both internal and at the borders, foreign policy failures, neglect of development in the North-East, failures in education and healthcare, undermining of democratic institutions, and failure to fulfill promises made in the 2009 election manifesto. Overall the document portrays the UPA decade as one of
This document provides information about Taiwan and Israel by comparing their country profiles, economies, governments, and risks. Some key details include:
- Taiwan and Israel have different governments - Taiwan has a unitary semi-presidential republic system while Israel has a unitary parliamentary republic.
- Their economies also differ in size - Taiwan has a larger GDP total and per capita than Israel.
- Both countries face some political risks but Taiwan's risks are considered low while Israel's are moderate due to factors like security concerns and political instability.
- Their financial system risks are also low with strong regulations and reserves providing cushions against economic shocks.
South Korea is a stable democracy with a growing economy and strong infrastructure that provides many opportunities for investment. The document outlines key economic indicators for South Korea such as GDP growth of 6.1% in 2010, unemployment rate of 3.5%, and average monthly salaries ranging from $4,360 to $8,000 USD. It also discusses political stability, trade agreements, foreign investment trends, and incentives provided to investors. Six main reasons are given for investing in South Korea: relatively cheap stocks, solid economic growth, controlled inflation, an undervalued currency, a strong government balance sheet, and the potential for South Korea to be reclassified as a developed market. The conclusion is that South Korea provides many advantages and incentives that make it
This document provides an intelligence brief on the economic growth prospects of several countries in the Southern African Development Community (SADC) region. It discusses factors supporting and hindering growth for each country, including natural resources, infrastructure development, political stability, education and health issues, corruption, and dependence on commodity prices and foreign investment. Key challenges across many countries are high unemployment, especially among youth; inadequate power supply and infrastructure bottlenecks; and the impacts of HIV/AIDS on the labor force and economic growth.
Bhutan PEST analysis and relationship with India.Lakhyajit Kalita
Political, Economical, Social and Cultural analysis of Bhutan and it's relationship, importance for India.
Bhutan is far from other advanced countries but near to peaceful blue skies.
So I hope you'll learn some new information from the presentation.
Indonesia is an archipelago nation in Southeast Asia that gained independence after World War II. It has the world's fourth largest population and has pursued moderate international relations, being a founding member of ASEAN and the Non-Aligned Movement. Indonesia has the largest economy in Southeast Asia and is a member of the G-20. It exports mainly to Japan, the US, and China and imports mainly from Japan, China, and Singapore. The country has faced economic crises and high unemployment despite growth, and corruption has also interfered with recovery.
This document provides an overview of the Chinese economy from the post-World War 2 era to the 21st century. It discusses China's early economic strategies following the founding of the People's Republic of China in 1949, including implementing 5-year plans and increasing state ownership. It outlines China's economic reforms beginning in 1978, increasing market mechanisms and trade. It then examines China's role as a major global manufacturer and top exporter, as well as its regional trade agreements. It also notes both China's continued success and challenges such as the environment, inequality, and urbanization.
Political Economy of a Post-Colonial State; Economic Development of PakistanShahid Hussain Raja
Despite all the ups and downs, Pakistan is now the 26th largest economy in the world in terms of Purchasing Power Parity, (44th largest in terms of nominal GDP). With per capita income of US$ 4550, Pakistan occupies at 140th place on this count in the world, thanks to her burgeoning population of 200 million people. Pakistan is one of the Next Eleven, the eleven countries that, along with the BRICs, have a potential to become one of the world's large economies in the 21st century. By 2050, with an estimated GDP of $3.33 trillion, Pakistan is expected to become world’s 18th largest economy, according to Goldman Sachs. However, this progress is not as impressive as it looks or should have been keeping her potential. Similarly her dismal social indicators, structural anomalies and income disparities leave much to be desired.
This presentation sums up the development experience—what Pakistan did marvellously, what it did marginally and where it failed miserably during her development journey. It ends with an the lessons other developing countries can learn from this development experience of Pakistan.
China represents a large, growing, and resilient market with increasing normalization of business practices. It has a population of over 1.35 billion people and is the world's second largest economy. While China poses some political and business risks, it also offers opportunities as a low-cost manufacturing hub with a large talent pool. The Chinese government maintains a strong role in the economy through state-owned enterprises and banks, and the Communist Party exerts control over political and economic decision making. China has experienced rapid economic growth since implementing market reforms in the late 1970s.
Brunei is heavily reliant on oil and natural gas revenues, but these resources will be depleted within 30 years. To diversify its economy, Brunei is pursuing plans to become a financial hub and develop other industries. This includes attracting foreign direct investment, strengthening financial reserves and infrastructure, improving human capital, establishing an independent regulatory authority, and positioning itself as an Islamic finance hub for energy-related financial services.
Final project WBG -MOOC- financing for development-unlocking investmenthuzzaiin
Audience of the Presentation
Afghanistan is a fragile and conflict state (FCS). Its economy is suffering due to the political unrest. For the Economic Stability (SDGs # 8) of the country, people from every sphere of life have to do his role. General public have to be vigilant and abide by the rules & regulations of the country whereas politician and executive organs of the country have to develop policy to attract domestic and foreign resources to stabilize the economy.
This document outlines China's historical economic growth and challenges to its current growth model. It discusses China shifting from increases in physical and human capital between 1952-1978 to participation of total factor productivity growth after 1978. Key reforms in the 1980s expanded the non-state sector and increased agricultural incentives. China has become the world's second largest economy and largest exporter but faces potential slowing growth as it reaches middle income levels and must transition its growth model to become more sustainable and consumption driven.
Some facts about economics here in the philippinesIan Paje
The Philippine economy has seen inflation rates of 3.1% in 2012 and 4.7% in 2011, with GDP deflator reaching a maximum of 53.34% in 1984 and minimum of 1.96% in 1967. The country has an economic freedom score of 60.1, ranking it 89th globally and 16th in Asia-Pacific, with improvements in seven freedoms offset by deteriorations in property rights. While the economy has grown 5% annually over five years through government reforms, lingering challenges will require deeper commitment to reforms such as further reducing corruption.
This document is a template for a company profile that provides information about a business. It includes sections for business contact details, an introduction to the company's history and services, its strategy and goals, management structure, customers and completed projects. The profile template can be customized with a company's specific information to share details about the business. It is available in MS Word format and can be printed, emailed or provided on disk.
Myanmar's Politics, Economy, and GovernmentKim Ballon
Myanmar, also known as Burma, is located in Southeast Asia. It has over 60 million people and its largest city and capital is Naypyidaw. The official language is Burmese and other major languages include Shan, Karen, Kachin, Chin, Mon, and Rakhine. Myanmar has experienced decades of isolation and stagnation under military rule since a 1962 coup, though some political and economic reforms have taken place in recent years. The economy remains very weak despite natural resource wealth.
Juniper Pvt. Limited requests an overdraft facility of Rs. 50,000 from State Bank of India to help manage cash flow needs as their business has rapidly expanded, with monthly transactions exceeding Rs. 5,00,000. They have maintained a current account with the bank for 5 years. They ask the bank manager to inform them of the procedure and terms for obtaining the overdraft facility to help finance their growing enterprise during times when additional funds are needed.
The managing director of Matzilla Global Company Ltd. wrote a letter to a bank requesting a loan to fund the company's planned expansion into mass production and supply of ready-made dresses to larger markets. The company seeks to acquire more industrial machines, reconstruct their present location, and promote their business through various media channels. The letter requests a specific amount of naira for the loan and expresses hope that the bank will give their request due attention.
Bahulu's House is a partnership between 5 individuals that produces traditional Malaysian cakes called bahulu. The business is located in Kuala Lumpur and produces colorful bahulu in various shapes and fillings to attract customers. The partners have invested a total of RM250,000 in capital, with RM50,000 contributions from each, and a RM50,000 loan from Bank Islam. The business plan outlines the product, goals to promote bahulu and make it a popular Malaysian tradition, and profiles of the partners and their roles in the company.
Bangladesh has a population of over 153 million and a long history dating back to its independence from Pakistan in 1971. The economy relies heavily on agriculture, garment exports, and remittances from workers abroad. While Bangladesh has experienced strong GDP growth in recent years, it continues to face challenges of poverty, lack of infrastructure, political instability, and natural disasters. Going forward, recommendations include increasing foreign investment, developing infrastructure, focusing on education to build the workforce, and participating in regional trade organizations to further economic development.
The document provides an overview of Myanmar's socio-political and economic situation. Key points include:
- Myanmar has embarked on political and economic reforms but remains under military influence. Elections in 2010 were not free or fair.
- The economy suffers from rural poverty, corruption, and underinvestment. Growth is driven by sectors like gas, construction, and services.
- Myanmar has potential for agriculture and trade due to resources and location but faces challenges around infrastructure, access to services, and poverty.
Will Burma's Super Hero Save the Nation?Chris Estallo
The document summarizes the current socio-political and economic situation in Myanmar. It notes that while the country is gradually transitioning to democracy and opening up its economy, it still faces significant challenges including poverty, corruption, and development barriers. Myanmar has vast economic potential due to its resources and strategic location, but achieving sustainable growth will require continued political and economic reforms as well as improved governance and business conditions. International support will also be important for the country to work towards reducing poverty and meeting its development goals.
Burma suffers from pervasive government controls and mismanagement of the economy that have led to deteriorating socio-economic conditions despite its natural resource wealth. The economy has serious macroeconomic imbalances, an opaque and corrupt business climate, and inadequate infrastructure that have hampered development. International sanctions in response to the regime's suppression of democracy and human rights have further strained the economy by limiting foreign investment and trade.
Burma suffers from pervasive government controls and mismanagement of the economy that have led to deteriorating socio-economic conditions despite its natural resource wealth. The economy has serious macroeconomic imbalances, an opaque and corrupt business climate, and inadequate infrastructure that have hampered development. International sanctions in response to the regime's suppression of democracy and human rights have further strained the economy by limiting foreign investment and trade.
The Vietnamese economy is growing rapidly, driven by private investment and consumption. Real GDP growth is projected to be around 6.8% in 2011, making Vietnam one of Asia's top performers. However, large trade deficits and currency devaluations risk fueling inflation. The young population offers opportunities if sufficient jobs can be created to harness the "demographic dividend".
The document provides an overview of the political system and history of South Korea. Some key points:
- South Korea has transitioned from dictatorship to a more democratic form of government over time.
- The country was divided after World War 2 and the Korean War, with ongoing tensions with North Korea.
- South Korea experienced rapid economic growth from the 1960s-1990s through export-led industrialization and support of large family-owned conglomerates called chaebols.
- The political system has faced challenges with corruption and influence of the chaebols at times over the decades described.
The presentation slides provide a superficial glimpse of the economics of Vietnam.
Please do conduct your own study too. This can only be used a reference and not all the information maybe correct
This presentation elaborates the economic crisis in Sri Lanka. It explains the causes of economic instability in Sri Lanka and the factors worsening it. Such miserable economic situation is presenting valuable lessons for other sister asian countries to counter their economic instability. Pakistan, a sister country of Sri Lanka is facing severe political and economic instability these days. Pakistan is learning from the Sri Lankan economic situation and tending to improve its economy but the extreme political instability is hurdling and exacerbating the economic crisis. However, policies are underway to counter the economic crisis and more probably Pakistan will escape the Sri Lankan experience.
Cambodia's outlook brief for 2013 possibilities and policy priorities for s...Solina Yean
The document summarizes Cambodia's economic outlook for 2013. It finds that while Cambodia has experienced strong economic growth in recent years, reaching an estimated 7.7% GDP growth in 2012, this growth has not been inclusive and has lagged in improving social indicators like education and healthcare. To sustain growth and avoid the "middle income trap", the document recommends that Cambodia focus on increasing skills training to diversify the economy, strengthening the financial sector to support SMEs, and leveraging opportunities from regional economic integration under ASEAN.
Vietnam has experienced impressive economic growth driven by private investment and exports. However, large trade and fiscal deficits have contributed to high inflation. To counter these issues, Vietnam has devalued its currency multiple times in recent years. The country has a young population that could boost future growth if sufficient jobs are created each year, primarily by the growing private sector.
This document provides information on Cambodia from 1993 to present across four sections:
1. The Cambodian economy has shifted from socialism to a market economy and experienced steady growth in GDP and per capita income, with agriculture, apparel exports, and tourism being important industries. However, trade deficits and lack of infrastructure pose challenges.
2. Politically, Cambodia transitioned to a constitutional monarchy after elections in 1993. The CPP has dominated the government, though opposition has increased and elections have been questioned.
3. Environmental issues like air and water pollution from development have increased costs, though laws and education seek solutions.
4. Cambodia's population has grown steadily since 1993 through natural increase and internal/external
The document summarizes Thailand's economic history and the factors that led to its 1997 financial crisis. It discusses Thailand's shift to an export-oriented economy in the 1980s which fueled strong GDP growth and foreign investment. However, this also increased Thailand's vulnerability. Large capital inflows in the 1990s went predominantly to the financial sector, increasing leverage. Meanwhile, the baht was pegged to the dollar but interest rates remained high, creating arbitrage opportunities. Poor lending practices also increased risk. When US rates rose, investors withdrew funds, exposing Thailand's fragile financial system and precipitating the crisis. Lax monetary and fiscal policies failed to address imbalances, and the baht collapsed under speculative pressure.
Timor-Leste Country Risk Analysis: A Macroeconomic Risk - Thomas FreitasAitarak Laran
1) The document analyzes macroeconomic risks in Timor-Leste using the Keynesian approach by examining injections and leakages in the country's circular flow of income.
2) It finds that household consumption has gradually increased but private companies provide only a small percentage of jobs, with the majority of livelihoods in agriculture and public sectors.
3) Investment is also low due to factors like high corruption and lack of transparency, while government spending on infrastructure has had quality issues and rural communities feel little ownership of projects.
4) Exports are dominated by coffee through an organization that pays low prices to farmers, while imports are far higher in value and include necessities, indicating a large trade deficit
AN OVERVIEW OF LARGE-SCALE INVESTMENTS IN THE MEKONG REGIO (2016)MaxCho
This document provides an overview of large-scale investments in the Mekong region. It discusses how the governments of Cambodia, Laos, Myanmar and Vietnam are actively pursuing foreign direct investment and changing policies and regulations to attract investors. Large investments are occurring in many sectors such as agriculture, manufacturing, mining and hydropower. However, these investments often negatively impact local communities by displacing them from their land or failing to protect workers' rights.
The document discusses the resource curse phenomenon where significant natural resource reserves can negatively impact long-term economic growth. It describes how overvalued currency, crowding out of other sectors, and rent-seeking behavior encouraged by resource revenues can retard development. However, countries like Australia and Norway have avoided these issues through strong institutions, fiscal discipline, and sovereign wealth funds. The document also examines how Indonesia has grown its economy despite resource dependence and how its decentralized system distributing resource revenues to regions risks a "regional resource curse" through weaker governance in recipient areas.
Malaysia is a federal parliamentary democracy with a constitutional monarch located in Southeast Asia. It gained independence from Britain in 1957 and has a population of over 29 million people. The country has experienced strong economic growth in recent decades, transitioning from a commodity-based economy to one focused on manufacturing and services. This development has led to increasing urbanization, privatization, and integration into the global economy.
A quick summary or a general outlook on international business management of South Korea. The outline is written below:
Introduction to South Korea
Economic Transition & Business-Industrialization Stage
Political Admin, Public Policy, Society & Culture
Geopolitics to Geo-economics
Emergence of Chaebol Industry
Foreign Investment Climate
Business Culture & Etiquette
Thailand is a constitutional monarchy headed by King Rama X. The economy relies heavily on international trade, with key exports including vehicles, electronics, and rubber. The population is diverse and predominantly Buddhist. Traditional Thai culture is expressed through dances, martial arts like Muay Thai, and cuisine such as tom yum soup. The government promotes science and technology research to support economic growth while addressing environmental challenges like pollution and climate change impacts.
Singapore has been ruled by the People's Action Party since 1965 and has a nominally democratic system with some restrictions on civil liberties. It has a highly developed, free-market economy dominated by services. Singapore has a population of 5.2 million, GDP of $291.9 billion, and per capita income of $56,522. Unemployment is low at 2.1% and inflation is 2.8%. The economy relies heavily on exports, particularly electronics, chemicals, and pharmaceuticals. While the private sector drives economic success, the government plays an active role in guiding development through entities like the Central Provident Fund.
1. Country Profile Presentation: Myanmar
Background
Various ethnic Burmese and ethnic minority city-states or kingdoms occupied the present borders
through the 19th century. Over a period of 62 years (1824-1886), Britain conquered Burma and
incorporated the country into its Indian Empire. Burma was administered as a province of India until
1937 when it became a separate, self-governing colony; in 1948, Burma attained independence from the
Commonwealth. Gen. NE WIN dominated the government from 1962 to 1988, first as military ruler,
then as self-appointed president, and later as political kingpin. In September 1988, the military deposed
NE WIN and established a new ruling junta. Multiparty legislative elections in 1990 resulted in the main
opposition party - the National League for Democracy (NLD) - winning a landslide victory. Instead of
handing over power, the junta placed NLD leader (and Nobel Peace Prize recipient) AUNG SAN SUU KYI
(ASSK) under house arrest from 1989 to 1995, 2000 to 2002, and from May 2003 to November 2010. In
late September 2007, the ruling junta brutally suppressed protests over increased fuel prices led by
prodemocracy activists and Buddhist monks, killing at least 13 people and arresting thousands for
participating in the demonstrations. In early May 2008, Burma was struck by Cyclone Nargis, which left
over 138,000 dead and tens of thousands injured and homeless. Despite this tragedy, the junta
proceeded with its May constitutional referendum, the first vote in Burma since 1990. Parliamentary
elections held in November 2010, considered flawed by many in the international community, saw the
ruling Union Solidarity and Development Party garnering over 75% of the seats. Parliament convened in
January 2011 and selected former Prime Minister THEIN SEIN as president. Although the vast majority of
national-level appointees named by THEIN SEIN are former or current military officers, the government
has initiated a series of political and economic reforms leading to a substantial opening of the long-
isolated country. These reforms have included a senior-level dialogue with ASSK, re-registering the NLD
as a political party, enabling party members, including ASSK, to contest parliamentary by-elections on 1
April 2012, the release of many (but not all) political prisoners, preliminary peace agreements with some
armed ethnic groups, a reduction in media censorship, and an increasingly open debate in the
Parliament.
Geographical Locations
Southeastern Asia, bordering the Andaman Sea and the Bay of Bengal, between Bangladesh and
Thailand
Total Area: 676,578 sq km where
Land: 653,508 sq km
Water: 23,070 sq km
Climate
Tropical monsoon;
Cloudy, rainy, hot, humid summers (southwest monsoon, June to September);
Less cloudy, scant rainfall, mild temperatures, lower humidity during winter (northeast
monsoon, December to April)
2. Environmental Issues
Deforestation;
Industrial pollution of air, soil, and water;
Inadequate sanitation and water treatment contribute to disease.
Demographic Statistics
Nationality : Burmese
Total Population : 54,584,650 (July 2012 est.)
Language : Burmese (official)
Religion : Buddhist 89%, Christian 4% (Baptist 3%, Roman Catholic 1%),
Muslim 4%, animist 1%, other 2%
Age Structure : 0-14 years: 27.1% (male 7,534,762/ female 7,250,582)
15-64 years: 67.8% (male 18,385,523/ female 18,627,115)
65 years and over: 5.1% (male 1,213,487/ female 1,573,181) (2012 est.)
Urbanization : urban population: 34% of total population (2010 est.)
Literacy : Definition: age 15 and over can read and write
Total population: 89.9%
Male: 93.9%
Female: 86.4% (2006 est.)
Economic Indicators
Burma, a resource-rich country, suffers from pervasive government controls, inefficient economic
policies, corruption, and rural poverty. Despite Burma's emergence as a natural gas exporter, socio-
economic conditions have deteriorated under the mismanagement of the previous regime.
Approximately 32% of the population lives in poverty and Burma is the poorest country in Southeast
Asia. The business climate is widely perceived as opaque, corrupt, and highly inefficient. Wealth from
country's ample natural resources is concentrated in the hands of an elite group of military leaders and
business associates. In 2010-11, the transfer of state assets - especially real estate - to military families
under the guise of a privatization policy further widened the gap between the economic elite and the
public. The economy suffers from serious macroeconomic imbalances - including multiple official
exchange rates that overvalue the Burmese kyat, fiscal deficits and lack of commercial credit further
distorted by a non-market interest rate regime, unpredictable inflation, unreliable economic data, and
an inability to reconcile national accounts. Burma's poor investment climate - including weak rule of law
- hampers the inflow of foreign investment; in recent years, foreign investors have shied away from
nearly every sector except for natural gas, power generation, timber, and mining. The exploitation of
natural resources does not benefit the population at large. The most productive sectors will continue to
be in extractive industries - especially oil and gas, mining, and timber - with the latter two causing
significant environmental degradation. Other areas, such as manufacturing, tourism, and services,
struggle in the face of poor infrastructure, unpredictable trade policies, undeveloped human resources
(the result of neglected health and education systems), endemic corruption, and inadequate access to
capital for investment. Private Banks still operate under tight domestic and international restrictions,
limiting the private sector's access to credit. The United States, the European Union, and Canada have
imposed financial and economic sanctions on Burma. US sanctions, prohibiting most financial
transactions with Burmese entities, impose travel bans on senior Burmese military and civilian leaders
and others connected to the ruling regime, and ban imports of Burmese products. These sanctions affect
the country's fledgling garment industry, isolate the struggling banking sector, and raise the costs of
3. doing business with Burmese companies, particularly firms tied to Burmese regime leaders. Remittances
from overseas Burmese workers - who had provided significant financial support for their families - have
driven the Ministry of Finance to license domestic banks to carry out overseas operations. In 2011 the
government took initial steps toward reforming and opening up the economy by lowering export taxes,
easing restrictions on its financial sector, and reaching out to international organizations for assistance.
Although the Burmese government has good economic relations with its neighbors, significant
improvements in economic governance, the business climate, and the political situation are needed to
promote serious foreign investment.
GDP (Purchasing power parity)
BDT 6,800 billion (2011 est.)
BDT6,442 billion (2010 est.)
BDT6,116 billion (2009 est.)
GDP Per Capita
US$880
GDP Growth
6.0% (2012)
5.5% (2011)
Inflation
5.8% (2012 - 2013)
4.2% (2011 - 2012)
FDI
US$20 billion (pledged, 2010 – 2011)
US$329 million (2009 – 2010)
US$984 million (2008 – 2009)
Imports
Exports
US$9.5 billion (2011)
US$8.1 billion (2010)
Largest export item
Natural Gas, US$2.94 billion
Unemployment
5.5% (2011)
Currency
MMK- Burmese Kyat
4. Business and Investment Opportunities
Up to 2012 China is the top investing country and then Thailand, Hong Kong and Korea are
become top investing countries in the countries that investing in Myanmar.
In the total 31 of investing country, China is investing with 13.947 billion USD and got 34.4 %
of total investment, Thailand got second with 9.568 billion USD, Hong Kong with 6.308 billion
USD, South Korea with 2.938 billion USD, British with 2.659 billion USD and Singapore with
1.818 billion USD.
Up to March, 2012, the total foreign investment in Myanmar is 40.699 billion USD.
According to new law, the company which joint venture with foreign company will get 5 years
free of tax and 70 years permission to do company business.
INTRODUCTION
Myanmar adopted the market oriented economic system in the year 1988 after adopting the
centralized planning economic system for more than two decades. Substantial stabilization and
reform measures had been undertaken to be in line with the new economic system. The initial
step taken towards a more liberalized economy is to allow foreign direct investment and to
encourage the private sector development. In the area of legal framework one of the first laws on
investment promulgated by the State Law and Order Restoration Council is the Union of
Myanmar Foreign Investment Law (FIL), promulgated on 30th November 1988 to induce
foreign investment and to boost investment particularly in the private sector.
FOREIGN INVESTMENT ENVIRONMENT
1. Foreign Direct Investment Policy
Myanmar foreign direct investment policy is a component of the overall restructuring and
development policy of the Government. The main components of the policy are:
(a) Adoption of market oriented system for the allocation of resources.
(b) Encouragement of private investment and entrepreneurial activity.
(c) Opening of the economy for foreign trade and investment.
5. The objectives of the Union of Myanmar Foreign Investment Law are:
(a) Promotion and expansion of exports,
(b) Exploitation of natural resources, which require heavy investment,
(c) Acquisition of high technology,
(d) Supporting and assisting production and services involving large capital,
(e) Opening up of more employment opportunities,
(f) Development of works which would save energy consumption and
(g) Regional development.
In order to oversee and administer the FIL, the Myanmar Investment Commission (MIC) was
formed and it acts as initial approving authority for investment proposals. The Directorate of
Investment and Company Administration (DICA) serves as the Secretariat of MIC.
2. Forms of Investment
Foreign investors can set up their business either in the form of a wholly foreign-owned or a
joint venture with any partner (an individual, a private company, a cooperative society or a state-
owned enterprise). In all joint ventures, the minimum share of the foreign party is 35 percent of
the total equity capital.
3. Minimum Capital Requirement
The minimum amount of foreign capital required to be eligible under the Foreign Investment
Law is:
For an industry US $500,000
For a services organization US $300,000
6. 4. Eligible Economic Activities
Economic activities allowed under the Foreign Investment Law cover almost all sectors of the
economy. It has been notified by the Myanmar Investment Commission (MIC).
Any economic activity not included in the notificationcan be considered individually.
5. Restricted Activities
The State-owned Economic Enterprises Law defines 12 economic activities in which private
investment is restricted and are reserved to be carried out solely by the State. However,
according to Section 4 of the said law, the Government may in the interest of the State, permit by
notification to carry out such activities.
6. Tax Incentives under the Foreign Investment Law
i. Exemption from income tax for 3 consecutive years beginning with the year in which the
operation commences and a further tax exemption or relief for considered beneficial for the
State.
ii. The Commission may also grant:-
- exemptioa or relief from income tax on profit which is reinvested within one year.
- relief from income tax up to 50 percent on the profit from exports.
- right to pay income tax on behalf of the foreign employees and to deduct the same from the
assessable income of the enterprise.
- right to pay income tax of the foreign employees at the rate applicable to the citizens of
Myanmar.
- right to deduct the research and development expenditure.
- right to accelerate depreciation.
- right to carry forward and set off losses up to 3 consecutive years, from the year the loss is
sustained.
- exemption orreliqf from customs duty and other taxes on:-
(a) imported machinery and equipment for use during the construction period.
7. (b) imported raw materials for the first 3 years commercial production following the
completion of construction.
7. Application Procedures for Foreign Investment
A promoter for foreign investment must submit a proposal in prescribed form to the Myanmar
Investment Commission for consideration of issuing a permit. With the Proposal the following
must be attached.
i. Documents supporting financial credibility. (audited final accounts of a most recent year of
the person or the firm that intends to make investment).
ii. Bank recommendation regarding the business standing.
iii. Detailed calculation relating to the economic justification of the proposed project
indicating inter aila:-
- estimated annual net profit.
- estimated annual foreign exchange earnings or savings and foreign exchange requirement for
the operation.
- recoupment period.
- prospects of creating employment.
- prospects of increase in national income.
- local and foreign market conditions and the requirement, if ariy, for local consumption.
iv. If it is a hundred percent foreign investment, a draft contract to be executed with an
organization determined by the Ministry concerned.
8. v. If it is a joint venture, a draA contract to be entered into between the foreign investor and
local counterpart.
vi. If it is a joint venture in the form of a limited company, draft Memorandum and Articles of
Association and also a draft contract between the foreign and local investors.
vii. Other related draft contracts are also to be submitted together with the proposal.
viii. The promoter may apply for the exemptions and reliefs from taxes stated in Chapter 10
Section 21 of the Union of Myanmar Foreign Investment Law
8. Guarantee
Right to Transfer Foreign Currency
i. A persvn who has brought in foreign capital can transfer the following:-
- foreign currency entitlement of him.
- net profit after deducting all taxes and provisions.
- foreign currency permitted for withdrawal by the Commission which may include the
value of assets on the winding up of business.
ii. A foreign employee can transfer his salary and lawful income after deducting taxes and
other living expenses incurred domestically.
Guarantee
Enterprises operating under the Foreign Investment Law shall have the State guarantee against
nationalization and expropriation.
9. Importing and Exporting
An enterprise permitted under the FIL has to be registered as exporter/importer upon business
requirement with the Export Import Registration Office under the Directorate of Trade, Ministry
of Commerce.
The following persons or enterprises can be registered as exporters/importers:-
9. (a) A citizen or an associate citizen or a nationalized citizen of the Union of Myanmar if the
applicant is a sole proprietor.
(b) Partnership firms
(c) Limited companies, inclusive of foreign companies and branches or joint ventures
formed under the Meaner Companies Act 1914 and Special Company Act 1950.
(d) Co-operative societies, registered under the Co-operative Society Law 1992.
Myanmar products can be exported with the exception of some selected items or restricted items
under the export licencse. All goods which are not prohibited by the respective Gover�nment
departments can be imported under the import licencse. Permitted foreign investment enterprises
can import the following without import licencses.
(a) Capital investment items imported as foreign capital during the construction and initial
investment period.
(b) Raw materials required for the first three years� commercial production
Investment Sectors
Since the time FIL has been enacted, MIC has permitted 400 projects from 29 countries up to the
end of September 2006. The leading sectors are Power, Oil & Gas Manufacturing, Real Estate,
Hotel and Tourism. Total amount of foreign direct investment in these projects is US$
13.85billion.
Major investors are ASEAN countries with the amount of almost half of the total investment.
Thailand ranks first with the amount of US$ 7375.623 million, UK ranks second with US$
1587.974 million, Singapore ranks third with US$ 1341.223 million, Malaysia ranks fourth with
US$ 660.747 million and Hong Kong ranks fifth with the amount of US$ 504.218 million.
Among the ASEAN countries, Singapore, Thailand, Malaysia, Indonesia, Philippine and Brunei
Darussalam and +3 members, such as, Japan, China and Republic of Korea are doing
investments in Myanmar. Among the BIMST-EC countries, Thailand, India, Bangladesh and Sri
Lanka are doing investment in Myanmar.
10. III. EMPLOYMENT
1. Labour Force
Myanmar has an active labour force of 17.96 million. Fairly well trained manpower and
skilled labour are available.
2. Labour Cost
The labour cost in Myanmar is quite low compared to other neighbouring countries. In the
private sector it is usually fixed on mutual agreement between the employer and employee.
3. Working Hours
Companies, trading centres, factories 48 hrs a week
Oil field and mines 44 hrs a week
Underground mines 40 hrs a week
4. Social Security Benefit
Private enterprises employing at least 5 persons are covered by the Social Security Act 1954. The
contribution to the scheme is approximately 4 percent of the insured wage and the ratio of
contribution is employer 2.5: employee 1.5. The workers insured under the Act are entitled to
free medical care, cash benefit for sickman, maternity and disability, funeral grants and survivors
pension.
5. Recruitment
Required manpower can be recruited through Township Labour Offices.
6. Employment of Foreign National
Starting Business
1. Registration of Business Organizations
Operation in Myanmar can be carried out through one of the following business organizations.
1. Sole proprietorship
2. Partnerships
11. 3. Companies limited by shares. i.e. joint venture companies; local companies; foreign
companies.
4. Branch or Representative offices of a foreign company
5. Associations not for profit
2. Sole Proprietorship
A sole proprietorship is a business owned by an individual which usually operates under the
name of the owner. Establishment and operation is simple. It is not required to register. Capital
formation and withdrawal can be performed at one�s will. However, the proprietor�s liability
is unlimited.
3. Partnerships
A group of individuals may enter into partnerships in order to carry on a business. The
partnership�s rights and obligations are based on the agreements between the partners and the
Partnership Act of 1932. In accordance with the Act, the number of partners is limited to twenty.
A partnership firm may be registered, but registration is not compulsory. All partnerships formed
in Myanmar are of unlimited type. When no provision is made for the period of time, the
partnership will be dissolved when all partners are willing to do so.
4. Companies Limited by Shares
A company limited by shares is required to register. For foreign enterprises, the most normal
method of doing business in Myanmar is through a limited company. Such a company could be a
foreign company registered in Myanmar or by means of a branch office or representative office
formed outside Myanmar. If one share is owned by a foreign partner, the company shall come
under the definition of a foreign company, and shall apply and obtain a Permit before
registration.
There are two main types of companies: a private limited liability company and a public limited
liability company.
12. In a private limited company, the transfer of shares is restricted, the public cannot be called upon
to subscribe for shares, and the number of members is limited to fifity. In a public limited
liability company, the number of shareholders must be at least seven. The company, after
registration, must apply for a Certificate of Commencement of Business to enable start the
business operation.
The governing law for the limited companies is the Myanmar Companies Act 1914. A company
with share contribution of the State shall be registered under the Special Company> Act 1950
and the Myanmar Companies Act 1914.
There are generally no minimum share capital requirements. However, minimum requirements
do exist for banking and insurance companies and foreign companies and branches of all
business. For foreign companies and branches, the minimum capital to be brought in are as
follows:
- Industrial company - foreign currency equivalent to K. 1,000,000.
- Trading company - foreign currency equivalent to K. 500,000.
- Services company - foreign currency equivalent to K. 300,000.
5. Documents required for Registration
Under section 27A of the Myanmar Companies Act, a foreign company whether a hundred
percent owned or a joint-venture and a branch/representative office is required to obtain a
PERMIT before registration. However, a joint-venture with the State equity joined under Special
Company Act 1950 is exempted from obtaining a PERMIT.
The application for PERMIT is to be accompanied by the following documents:
(1) Form A of the Myanmar Companies Regulation 1957
13. (2) Draft Memorandum and Articles of Association
(3) Duly completed questionnaire form
(4) Intended activities to be performed
(5) Estimated expenditures to be incurred in Meaner for the first year operations
(6) Financial credibility of the company / individual
(7) Board of Directors� resolution, if the subscriber is a company.
In the case of a foreign branch/representative office, the following shall be furnished in addition
to the above mentioned documents.
(1) Instead of the companys draft Memorandum and Articles of Association, a copy of the Head
Offifce�s Memorandum and Articles of Association or of the Charter, Statute or other
instruments constituting or defining the constitution of the company, duly notarized and
consularized by the Myanmar Embassy concern in the country where the company is
incorporated.
(2) Copies of the Head Office Balance Sheet and Profit and Loss accounts for the last two
financial years.
(3) Where the original Memorandum and Articles of Association and other relevant documents
are not in English language, authentication of the translation into English.
The application for registration is to be accompanied by the following documents.
(I) Two sets of Memorandum and Articles of Association duly stamped and printed both in
Myanmar and English
14. (2) Declaration of registration
(3) Declaration of legal and official version of the documents
(4) Declaration of the situation of registered office
(5) Translation certificate by a competent translator
(6) List of Directors
(7) List of person(s) authorized to accept services of process and notice in Myanmar on behalf
of the company (i.e. for a branch office of a foreign company.)
For a Public company, the following additional documents shall be submitted before
commencing the business
(I) List of person to act as directors
(2) List of Persons who have consented to act as director
(3) Agreement to take qualification shares.
6. Legislative requirements for Companies
The legal requirements for the companies to comply under the Myanmar Companies Act 1914
are as follows:-
15. Name:
The name of the company shall be painted or affixed on the outside of its registered office and
every place of business. It must also be ingraved in legible characters on its seal and mentioned
in all letterheads, notices, advertisements and other official publications, etc.
Registered Office:
Every company must have a registered office in Myanmar to which all communications and
notices may be addressed. A notice of situation of the initial registered office must be furnished
to the CRO when filing the incorporation documents. If the address is subsequently changed,
notice must be given to the CRO within 28 days of the change.
Directors:
Every private company is required to have at least 2 directors. A public company must have a
minimum of 3 directors. An undischarged insolvent is not eligible to be a director. A rectun of
particulars of Directors, Managers and Managing Agents and of any changes therein must be
lodged with the CRO within 14 days of the appointment or changes.
BANKING
1. Types of Bank
Central Bank of Myanmar (CBM) operates as a central bank and is the authority to oversee and
regulate the financial institutions both State and private owned.
Four major specialized banks; the Myanma Economic Bank (provides countrywide domestic
banking and saving services), the Myanma Investment and Commercial Bank (handles both
domestic and foreign exchange transactions), the Myanma Foreign Trade Bank (deals in foreign
exchange transactions) and the Myanma Agricultural and Rural Development Bank (provides
seasonal and term loans for agriculture and livestock breeding) are the state owned financial
institutions.
Twenty domestic private banks are now operating banking services and forty six foreign banks
have opened representative o%offeces in Yangon.
16. Apart from the above institutions, Myanma Insurance is the sole insurance organization and
underwrites various classes of insurance.
2. Exchange Arrangement
The currency Myanmar Kyats is pegged to the SDR at K. B.50847=SDR 1. Both exportation
and importation of the Kyat is prohibited. All external payments are subject to authorization. The
CBM has issued Foreign Exchange Certificates (FECs) which is equivalent in US dollar since
February 1993 for the convenience of tourists and to enhance the foreign exchange earnings
TAXATION
1. General
There are 15 types of taxes and duties under four main heads, they are:
(1) Taxes levied on domestic production and public consumption - excise duty; licence fees
on imported goods; state lottery; taxes on transport, commercial tax and sale proceeds of stamps.
(2) Taxes levied on income and ownership - income tax and profit tax.
(3) Customs duties.
(4) Taxes levied on utility of State-owned properties - taxes on land; water tax, embankment
tax; taxes on extraction of forest products, minerals, rubber and fisheries.
Income of tax payer is computed on the basis of one fiscal year (April 1 to March 31 of the
following year). The fiscal year in which income is received is expressed as "income year" and
the year following as "assessment year"
A resident foreigner or a resident citizen is subject to tax on all income derived from sources
within the Union of Myanmar and on income from sources outside the Union of Myanmar. In the
case of an enterprise operating under the Union of Myanmar Foreign Investment Law, the tax is
payable only on income derived from sources within the Union of Myanmar.
A non-resident foreigner is subject to tax on all income from sources in Myanmar.
17. A resident foreigner is
(a) a foreigner who lives in Myanmar for not less than 183 days during the income year,
(b) a company formed under the Myanmar Companies Act or any other existing Myanmar
Law wholly or partly with foreign share holders.
(c) an Association of persons other than a company formed wholly or partly with foreigners
and where control, management and decision making of its affairs are situated and exercised
wholly in the Union of Myanmar.
A foreigner or a foreign organization who is not a resident in Myanmar is classified as a non
resident. A branch company is treated as a non-resident. However, this classification is irrelevant
to an enterprise operating under the Union of Myanmar Foreign Investment Law.
2. Tax Rates
A flat tax rate of 30'%o is applicable to enterprises operating under the Union of Myanmar
Foreign Investment Law and those formed under the Myanmar Companies Act.
For a non-resident foreigner (including a branch company), income tax is a payable at 35% or
at graduated rates from 3 % to 5(%/a whichever is greater.
The income from "salaries�* other than income of non-residentforeigner the tax is computed
at progressive rates of 3% of 30%.
Customs Duties
With a few exceptions, all imported goods are liable to customs duties.
As for exports, tax is levied on export of a few commodities namely: rice and rice flour, rice
bran, rice dust, oil cakes, pulses and cereals, bamboo and raw hides and skins.
6. Commercial Tax
Commercial Tax is turnover tax levied on goods either domestically produced or imported. It is
also levied on services such as transport of passengers, entertainment, trading, operation of
hotels, lodging and enterprises engaged in sale of foods and drinks.
18. For goods and services supplied in Myanmar, commercial tax is imposed at the time of supply.
For the import of goods, commercial tax is collected by the Customs Department at the point of
importation in the same manner that customs duties are collected.
The commercial tax rates for services are as follows:-
- 5 per cent on trading;
- 8 per cent on passenger transport fares,
- 10 per cent on hotel, lodging and reataurant services;
- 15 per cent on other forms of public entertainment; and
- 30 per cent on movie or cinema shows.
Ports
The Port of Yangon, which has long history, is the main port of Myanmar. In 1880, it was run by
Commissioners for the Port of Rangoon. Then, in 19 54 - Board of Management for the Port of
Rangoon took care the port operations. In 1972 Burma, Ports Corporation controlled the port
until 1989. From then on Myanma Port Authority (MPA) governed the port operations.