About Myanmar

Myanmar is a republic in South-East Asia, bounded on the north by Tibet Autonomous Region of China and on the East by China, Laos, and Thailand The total length of the Myanmar-Thai border is 2,107 kilometres (1,309.8 miles). On the south Myanmar faces the Andaman Sea and the Bay of Bengal; and on the West the Bay of Bengal, Bangladesh, and India. The country is officially known as the Union of Myanmar with the coastal region known as Lower Myanmar, and the interior region as Upper Myanmar. The total area of the country is 676,552 square km (261,218 square miles) and is the world's 40th largest country, second in the region only to Southeast Asia. The Republic of the Union of Myanmar has a population exceeding 60 million.

 

Myanmar Economy

Myanmar’s 2011 GDP growth was 5.5% and 2012 is estimated to be 6% by fiscal year end (March 2013). We see many nations moving to expand trade and investment with Myanmar and the country’s economy is benefiting from investment in oil, natural gas, and power, as well as from growth in tourism, construction, and exports. The investment environment has improved following reforms to unify multiple exchange rates and as industrial countries ease their economic sanctions on Myanmar. The recent easing of foreign direct investment (FDI) restrictions on private land use and repatriation of profits, further increase in credit, and continued progress toward exchange rate unification is expected to bolster growth.

 

Myanmar and Thailand

Dawei, Burma is located on the coast of Burma adjoining Thailand. A massive project is underway there and is referred to as the Dawei Project.  Overall investment in the project totals US$8 billion. Thailand is the largest contractor through Ital-Thai Development (ITD). The Group was granted the concession by the Myanmar government in 2011. More than a dozen Thai firms have invested here. Separately, ITD is negotiating with the national energy flagship, PTT, in an oil-and-gas venture. Thais have mainly invested in energy, manufacturing, trading, services and tourism and Thai Foreign Direct Investment in Myanmar has increased substantially since early 2011.

 

About The City of Yangon

Yangon, the capital city and gateway to Myanmar, was founded in 1755 by King AlaungPaya on the site of a small settlement called Dagon.

 

Yangon has a unique charm, with its old colonial buildings, tree-lined streets, bustling local markets and tranquil lakes. There are famous golden pagodas that glisten amongst the trees and buildings like Shwedagon Pagoda, Sule Pagoda, Botataung Pagoda and Chaukhtatgyi Pagoda contribute to a picturesque and beautiful city.


Foreign Exchange

Foreign Exchange Certificate (FEC), equivalent to US $, are issued in $ 20, $ 10, $ 5 and $ 1 denominations. FEC can be purchased with US $ or Pound Sterling. FECs are accepted by hotels, airlines, travel agencies, taxis, restaurants, and as payment of admission fees to museums and pagodas. FECs can be exchanged for Kyats at markets rates at authorize money changers. 
American Express, Visa and Dina Credit Cards are accepted at airlines, major hotels, and supermarkets.

   

Airport Tax

US 10 $ airport tax is charged for international flights only.

  

Customs

Completed immigration and customs declaration forms must be submitted on arrival. All foreign currency in excess of US $ 2000, jewellaries, cameras and electrical goods must be declared at the Airport. Antiquities and archeologically valuable items are not allowed to be taken out. 

Duty free allowance: Two bottles of liquor, two cartons of cigarettes, 100 cigars, 1.5 lb of tabacco, one pint bottle of perfume or eau de cologne.

  

Currency

Myanmar currency is the Kyat, made up of 100 pyas. Currency notes come in the following denominations: K 1000, K 500, K 100, K 50, K 20, K 15, K 10, K 5, K1. Visitors are not allowed to bring in or take out Kyats.

 

Health  

No vaccination certificate is required unless coming from infected areas.

 
 
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UBM Asia (Thailand) Co.,Ltd.
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Contact person:
MS. Sukanya Amornurathkun,
Project Manager

Tel : 66(0) 2642 6911 Ext. 211
Fax : 66 (0) 2642 6919-20
E-mail: info@intermachmyanmar.com
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