public speaking present
TRANSCRIPT
Table of contents
1) Introduction 1 - 2a) Past 4 - 5b) Present 6 - 7
2) Demographics 8 - 103) Business culture 11 - 124) Lifestyle 135) Greeting and meeting 14 - 156) Economic 16 - 177) Advantages and disadvantages 18 - 198) Conclusion and recommendation 20
Information Slide
Why
• One of the least developed economies in
Southeast Asia.
The European Union has placed sanctions on Myanmar.
• One of the world's most impoverished countries.
Mismanagement and isolation.
The lack of an educated workforce skilled in modern
technology.
The lack of adequate infrastructure.
How• US and EU lifted all economic sanctions .
• After 50 years, Myanmar is open for business:
Reformed an exchange rate system.
Set up the National Development Plan.
Issued Foreign Investment Law Implementing
Regulations .
Myanmar becomes the “ Gold Rush “ in Southeast
Asia.
• Total area: 676,578 sq. km_ The second largest in Southeast Asia• Population of over 60 million, literacy rate 89.9%
• 50% of total areas are forest.
Rich in natural resources such as petroleum, coal, natural
gas, and hydropower, etc.
• Has plentiful human resources.
The percentage of the working age population is very high_
75% of population.
• Myanmar shares borders with 5 countries: Laos, India,
China, Thailand and Bangladesh.
Advantage on business development.
Introduction about Myanmar
Business CulturePlace a Buddhist altar in
office.
• Buddhism is the dominant
belief.
• Brings protection and luck.
• Creates closeness, friendly to
colleagues.
• Always provides fruit, flowers
and tea.
High- context cultures
• Never say “No”.
• Never go straight to the main point.
• Avoid hurting feelings.
Collectivism
• Most families are big and have many generations:
parents, grand parents and children.
• The last married person keeps live with the parents.
• The good children should support back to their old
parents.
Lifestyle
Have only two meals per day.
• At 9 am and 17 pm.
• Have light lunches.
Always has shrimp, fish and
vegetables on the meals.
Eaten by hands.
Appointment should be in
lunch times.
Greeting Refer to each other by their full
names.
• Do not have the first name.
• Names are very long and similarity.
A small bow and hands put
together .
A handshake is now commonplace
for businessmen.
• Shakes hand with business women if
they offer hand first.
MeetingBusiness cards are an important part of the business
culture in Myanmar
How to hand them out:
• Handing them out with the right hand.
• Using the left hand to support the right arm near the
elbow.
• Receiving by both hands and a small bow.
• Reading about 4-5 second and putting on pocket.
Give gift at the first meeting.
Economic• The Economy of Myanmar is an emerging
economy.– A nominal GDP of $51.93 billion.– A purchasing power adjusted GDP of $83.74 billion. – Real growth rate is 5.5% for the 2011 fiscal year.
• The annual growth rate in GDP measures the increase in value of :– the goods.– The services produced.
• The share of agriculture has been declining.– represents 36 percent of GDP.
• Services_ The most important sector of the economy.– has been growing steadily.– account for over 38 percent of GDP.
• Industry is linked largely to the processing of agricultural, mineral, and forest products.– contributes the remaining 26 percent of GDP.
Advantages• In location– Between two biggest population countries.– Land bridge between Middle East and Southeast
Asia.• Tax exemption and additional incentives.– Free trade tax on export commodities.– Custom duty free on import commodities using in
zone.– Domestic Banking/ Foreign Banking allow in zone.– Foreign Exchange Freely exchange, transfer using
in zone.
Disadvantages
• More than 90% of the population have not
accessed mobile phones.
• Has very few bank branches and ATMs.
• The quality of infrastructure is very low.
• Has slow and expensive internet connection.
• The lack of skill labor
• Unstable Electricity Supply