Republic of the Union of Myanmar, also called Burma, is a country in Southeast Asia. Its capital city is Naypyidaw, and its largest city is Yangon (Rangoon). Early civilisations in the area included the Tibeto-Burman-speaking Pyu city-states in Upper Myanmar and the Mon kingdoms in Lower Myanmar. In the 9th century, the Bamar people entered the upper Irrawaddy valley, and following the establishment of the Pagan Kingdom in the 1050s, the Burmese language, culture, and Theravada Buddhism
Economy: In 2011, when new President Thein Sein's government came to power, Burma embarked on a major policy of reforms including anti-corruption, currency exchange rate regulation, foreign investment laws and taxation. Foreign investments increased from US$300 million in 2009–10 to a US$20 billion in 2010–11 by about 6567%. Large inflow of capital results in stronger Burmese currency, kyat by about 25%. In response, the government relaxed import restrictions and abolished export taxes.
myanmar
