Employer Contributions in Myanmar
Taxes in Myanmar
Income Tax Brackets in Myanmar
Hiring and Firing Workers in Myanmar
Operational Costs in Myanmar
Average Salaries in Myanmar
Myanmar Business Culture
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Rich in oil and gas, strategically located between China and India, Myanmar is both ground for competition and cooperation between the nations. Although official information is hard to come by, it is estimated that China, South Korea, Singapore and Thailand are Myanmar’s largest contributors of FDI. However as of the last fiscal year 2009-10, FDI into Myanmar fell almost 70 percent due to the economic crisis and the strengthening of sanctions against the Burmese military regime by the US and EU.
Myanmar is emerging from five decades of isolation - both economically and politically. With its rich natural resources and strategic location, the country shows good potential for growth. Myanmar could become one of the next rising stars in Asia if it can successfully leverage its rich endowments—such as its natural resources, labor force, and geographic advantage—for economic development and growth.
Myanmar is making brave new moves, as did many of the region’s high growth and transition economies decades earlier. It is opening up to trade, encouraging foreign investment, and... [ More ]
Potential for Investment in a Range of Sectors. As it modernizes and liberalizes its economy, Myanmar offers opportunities for investors, both foreign and domestic, in virtually all sectors. The services sector, in particular, is ripe for investment and offers “low hanging fruit” that could provide a quick boost to the economy. Telecommunications, including mobile telephony, is in urgent need of investment. Similarly, the travel and tourism sector possesses huge potential given the country’s natural and cultural features and sites, coupled with the pent-up interest of travelers after decades... [ More ]
Boasting a 92% literacy rate, it is clear that, while Myanmar is still developing, the country's education has always been of high importance.
THE PRESIDENT'S GOALS:
- Provide free, compulsory primary education
- Increase the enrollment rate in basic education
- Improve capacities of teachers
- Provide local and international scholarships
- To see the private sector contribute in education services
- To collaborate with international and local organizations
- Upgrade education standard to the international levelMore ]
Development of social sector has kept pace with economic development expansion of schools and institutions of higher education have been considerable especially in the States and Divisions. Adult literacy rate for the year 2003 was 91.9 percent with 94.8 percent for male and 89.4 percent for female. Expenditure for health and education have raised considerably, equity and access to health and education and social services has been ensured all over the country. Government has increased health spending on both current and capital yearly. Total government health... [ More ]
Country name conventional long form: Union of Burma
conventional short form: Burma
local long form: Union of Myanmar
former: Socialist Republic of the Union of Burma
note: since 1989 the military authorities in Burma have promoted the name Myanmar as a conventional name for their state
Government type nominally civilian parliamentary government took power in March 2011
Capital name: Rangoon (Yangon)
note: Nay Pyi Taw is the administrative capital
Administrative divisions 7 regions (taing-myar, singular -... [ More ]
Did You Know?
Myanmar is very rich in natural resources like petroleum, timber, tin, antimony, zinc, copper, tungsten, lead, coal, some marble, limestone, precious stones, natural gas and hydropower.