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Myanmar has extended the commercial tax exemption period in a bid to boost the Country’s exports.

Myanmar’s foreign trade amounted to US$13.4-B in the 1st 9 months (April-December) of the F-Y 2011-12, + 28% or over US$3-B from US$10.39-B in the same period of 2010-11, according to local report.

During the period, the export reached US$6.833-B, up from US$6.49-B, while the import totaled US$6.61-B, up from US$3.9-B.

Myanmar’s agricultural produces such as rice and marine products grabbed the big.

In the 1st 9 months of F-Y 2011-2012, Myanmar exported about 533,000 tons of rice, the Myanmar Rice Industry Association said.

Myanmar is situated in southeast Asia and is bordered on the north and northeast by China; on the east and southeast by Laos and Thailand; on the south by the Andaman Sea and the Bay of Bengal; and on the west by Bangladesh and India. It is located between latitudes 09°32’N and 28°31’N and longitudes 92°10’E and 101°11’E. The country covers an area of 677,000 square kilometers (261,228 square miles) ranging 936 kilometers (581 miles) from east to west and 2,051 kilometers (1,275 miles) from north to south.
Geography

The total area of Myanmar is 678,500 sq km where 657,740 sq km occupies the land and 20,760 sq km occupies the water. The bordering countries are Bangladesh 193 km, China 2,185 km, India 1,463 km, Laos 235 km, and Thailand 1,800 km. The central lowlands ringed by steep, rugged highlands The lowest point is the Andaman Sea (0 m) and the highest point Hkakabo Razi (5,881 m).

Interested in Investing in Myanmar?

Linda Johnson,
Business Development Director – Private Client Group,
Heffernan Capital Management
Sales@Heffcap.com

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Tel: +65 6329 6408
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Climate

Myanmar has three main seasons, hot season, rainy season and cold season. Hot season is from March to May, rainy season is from June to October and cold season is from November to February. The tropical monsoon is usually cloudy, rainy, hot, humid summers and less cloudy, scant rainfall, mild temperatures, lower humidity during winter.
Natural resources

Myanmar is rich in natural resources such as petroleum, timber, tin, antimony, zinc, copper, tungsten, lead, coal, some marble, limestone, precious stones, natural gas, hydropower.

People

Myanmar is made up of 135 national races, of which the main national races are Kachin, Kayah, Kayin, Chin, Bamar, Mon, Rakhine and Shan. Population is estimated to be over 60 million. The nationality is Myanmar. There are more than 100 ethnic groups in Myanmar. Some of the Ethnic groups are listed as Akha, Palaung, Padaung, Naga, Taron, Eng and many more near extinct tribes. The religions are Buddhist, Christian and Muslim. The major language is Myanmar, but minority ethnic groups have their own languages. English is widely spoken and understood.
More information at People & Life Style Section.

History

The earliest primates known today as Pondaung Man, resided in Pondaung, northern Myanmar about 40 million years ago. After those era, many city states emerged, and then came the 3 empires. In the third century BC, Myanmar was already unified into one strong empire. The first Myanmar Empire was created by King Anawrahta of the Bagan Dynasty (1044-1077 AD). The second Myanmar Empire was created by King Bayinnaung of the Taungoo Dynasty (1551-1581 AD). The third Myanmar Empire was led by King Alaungpaya of the Konbaung Dynasty (1752-1760 AD). These three great kings were well-known in the Myanmar history for their bravery and good leadership. In 1885, King Thibaw, Queen Supaya Latt and the royal family were taken to Ratanagiri, India and Myanmar fell under the British Rule. Myanmar became a British Colony from 1885 until 1948.

Neighbouring Countries

Myanmar has many neighbouring countries, Bangladesh is located in the West, India in the Northwest, China in the Northeast, Laos and Thailand in the East.

General Information

The country code is +95, and the internet access code is .mm.

Time Zone = MMT (UTC+6:30)

International airports are in Yangon and Mandalay.

The country is divided into states, divisions, townships, wards and villages.

Business Hours is usually from 9am to 5pm for private companies and 9:30-4:30 for government offices. Working days are from Monday through Friday. Public holidays are also included.

Major Credit cards are not widely accepted. Cash is always more convenient. National currency is Kyat.

Electricity is 200 volts AC, 50Hz.

Taxis are available everywhere. There are over 250 Buses lines running through Yangon everyday. For exclusive transport, there are car rental services.

Domestic highway bus terminals are Aung-Yadanar and Sawbwargyi-Gone, both about 10 miles from downtown Yangon.

Common local unit of weight is peiktha (viss), which equals to 3.6 pounds.

Most common unit of measure is feet and inches.

Clothing should be light, casual cotton wear, sandals or slippers are best for summer.

A cardigan or light jerkin for winter and quick drying clothes and an umbrella during the rainy season.