Introduction

MyanmarIEP305Krittanai562748

IntroductionCapital Naypyidaw Land Area676,578 sq.km Population51.4 Million (2014 est.)Official Language BurmeseCurrency Kyat (US$1 = 1,227.35 K)Drives on theRightPresidentThein SeinLife expectancy64 years (men), 68 years (women)

Thein Sein

Map of Myanmar

National Flag of Myanmar

Flag of Myanmar The yellow color symbolizes solidarity. The green represents the peace. The red represents the courage.

RELIGIONS

Approximately 89% of the population are buddhist.

Minor religions such as Christianity, Islam, Chinese folk religion and Hinduism.

Buddhism

Costume and food of Myanmar

Kanom krok(Kanom Pua-Miea)Longyi

National animal and flower of Myanmar

Tiger Padauk

National Day of Myanmar

January 4 of every yearIndependence from United Kingdom on January 4, 1948.

Burmese traditional festivals The most important being the Pagoda festival.

Commemorate(memorialise) major events in pagoda's history, including the founding of a pagoda

Held during the dry season(November-March)

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Burmese traditional festivals Thingyan water festival (Song-Kran)

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Culture of Myanmar Heavily influenced by Buddhism and the Mon people.

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British colonial rule and westernisation have influenced aspects of Burmese culture, including language and education.

Saint Mary's Cathedralin Downtown Yangon is the largest Roman Catholic cathedral in Burma.12

Currency

Kyat (1 = 34.7 K)

Thecurrency symbol: K

POPULATION Total population is 51.4 million. 68% is Bamar

LOCAL TIME

CAPITAL CITY" Naypyidaw"

Which has an area of 7,054.37 square kilometers. Approximately 320 km (200 mi) north of Yangon (Rangoon), the previous capital. Settled in 2005 Population is said to 924,608.

Uppatasanti Pagoda(royal capital or seat of the king)

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Rationale for moving the capital

Than Shwe(Chairman of the State Peace and Development Council). Did it as a "vanity project. Naypyidaw is more centrally located than the old capital

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Burmese letters

They speak 65%

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Business and Trade

Local Products Lacquerware From upcountry Bagan is popular amongst visitors. Mixing the hand crafted with the artistic, pieces are available in all shapes in sizes.

Precious stones

Jade, sapphires and rubies

Quality fabrics

Hand crafted tapestries A wide variety of vibrant colors and textures.

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Exports and Imports

Petroleum products

Precious stones

TinRubbercement

Myanmar Imports: Commodities

Machinery

Pharmaceutical products

Vegetable oil Construction materials

VehiclesTires

Myanmar's main imports and exports partnersChina

Japan

India

Indonesia

Tips for doing business in Burma

Table Manners

Diners do not drink alcoholic beverages with their meals, but rather have juice, tea or water. Diners should handle serving spoons with the left hand (clean hand).

Female visitors should avoid shorts. Should not wear T-shirts without proper undergarments.Dress

Business Culture Focus on building trust and friendship.

If a business favor is received, the recipient must repay it at a later date.

Business topics typically do not come up in conversation for the first time.

Most commercial business transactions in Myanmar occur in English.

Business cards with Burmese translation can facilitate better communication.

A custom of showing respect to their elders.

Governance

Challenges in Doing Business

The poor infrastructure, especially electricity.

Cultural differences in work ethic.

Dealing with bureaucracy and red tape.

The lack of rule of law in Myanmar.

Suggestion Spend some time on the ground looking at a particular sector. Accustomed to dealing with foreign investors (for example oil and gas).

Differences in the Thai Culture and Myanmar

Both come from India. Some words from Pali language. Syntax (Grammar) is different.

Language

Dressing Burmese men usually wear skirt(Longyi). Thai men wear pant.

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Driving side Burma drives on the right. Thai drives on the left.

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Cross-Cultural Management Concepts in Myanmar

The concepts

New business relationships in those markets.

Adapting to cultures and societal norms are vital.

Learing the behaviors profoundly.

Long-term economic viability.

Burmese Business Behavior

Nationalism

Extent these outsiders behave in an un-Burmese way

The values, beliefs, and behavior encompassed by Burmeseness

Key Values :

Showing great respect for elders Reserved and indirect speech as well as modesty in dress and manners.

Business friend Failure to show empathy is very likely to disrupt your business relationships

The British colony in the past. In 1960s, English language has swept away because nationalism and xenophobia. Since 1980s teaching English has made a comeback. Younger business people speak it with some fluency.

Language of business :

A direct approach would mark you as un-Burmese. Developing solid social relationship with your local partners. Plan to spend considerable time outside of office hours building the good relationship.

Relationship :

On time for meeting, but officials are likely to keep you waiting. Burmese tend to be relaxed about punctuality, schedules, and deadlines.

Orientation to time:

Need considerable time and repeat visits to reach agreement. Involving consensus-seeking. The final decision is made at the top management. Conducted face-to-face.

Negotiating style :

Burmese Business Protocol and Etiquette

Do not generally shake hands, but may do so with foreign visitors. A polite nod and smile is appropriate. Business cards are exchanged at the beginning of the meeting, using the right hand.Meeting and greeting :

If the recipient politely refuses your gift, smile and insist until the gift is accepted. Not normally opened the gift in front of the giver. Avoid giving knives. Cutting instruments symbolize the severing of a relationship.

Gift-giving :

Anthem

video

Greetingvideo

Investing in Myanmarvideo

Conclusion Nationalism. A wide variety of ethnic minority groups. One of the worst place to do the business. Has enormous potential with the richness in natural resources. Lack of transparency in infrastructure. Manners and etiquette are very crucial.

Quiz?

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Quiz

What is the former capital of Myanmar?

Yangon

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Quiz

What are the colors of Burmese flag?

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Quiz

What is the meaning of Naypyidaw ?

(royal capital or seat of the king)

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Quiz

According to the speech Myanmar is one of the worst place to do the business who said this speech?(on the video)

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