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Fuel Oil and Palm Oil imports to have access to additional foreign currency
The Central Bank of Myanmar issued a letter on 2 September advising that foreign currency to import fuel oil and palm oil can be sourced...
Sep 6, 2024
Overseas Myanmar Workers to remit home 25% of foreign earnings
Overseas Myanmar citizens required to remit 25% of income back home.
Sep 6, 2024
Myanmar electricity tariff to increase
Electricity tariff to almost triple for some businesses.
Aug 30, 2024
Gold targeted with latest Myanmar tax law
Tax hike for gold transactions in Myanmar making it more expensive to buy and sell gold.
Aug 30, 2024
Central Bank of Myanmar to increase interest rates
The Central Bank policy interest rate is to increase from 7% to 9% from 1 September 2024. On 14 August 2024, the Central Bank of Myanmar...
Aug 15, 2024
MOC issues a reminder to register online businesses
Reminder that online business in Myanmar need to register.
Aug 13, 2024
Myanmar's minimum wage increase - sort of
Myanmar's minimum wage increases in August 2024
Aug 12, 2024
CBM allows exporters to keep more foreign currency
On August 7, the Central Bank of Myanmar (CBM) issued notification 37/2024 with measures aimed at boosting the foreign exchange supplies...
Aug 8, 2024
Navigating Myanmar's New Agent Banking Directive: What You Need to Know
Introducing agent banking allows any corner shop to be an extension of a bank branch.
Feb 12, 2024
Central Bank of Myanmar moves to increase foreign exchange liquidity
The Central Bank of Myanmar allows exporters to exchange 50% of earnings at market rates.
Jul 14, 2023
Latest on Myanmar foreign remittance controls
CBM to review all foreign currency purchases.
Jun 27, 2023
Myanmar opens up the non-banking financial sector to 100% foreign participation
Foreign investors to be able to operate finance and leasing businesses in Myanmar.
Jul 16, 2022
Myanmar's New Foreign Currency Restrictions
A detailed analysis of Myanmar's new foreign currency restrictions.
Apr 14, 2022
Myanmar card spending limits cut in half
On 7 April 2022 the Central Bank of Myanmar (CBM) issued a letter effectively cutting spending limits on Myanmar issued credit cards and...
Apr 7, 2022
Import licences need to be in order!
Make sure to have licences for imports prior to arrival in Myanmar ports
Apr 7, 2022
Updates to cash withdrawal limits
Updated cash withdrawal limits keep general limits unchanged, but provide clarity on some of the exceptions.
Apr 2, 2022
Temporary relief for unlicensed imports
Customs Department to provide a 1 month grace period for imports which have been added to the licenced import list.
Feb 7, 2022
Changes to maternity benefits under Myanmar social security
Social security maternity benefits have changed when being reimbursed for using private medical facilities in Myanmar.
Jan 14, 2022
Insolvency in Myanmar, trends and developments
Commentary on Myanmar's insolvency regime, in the context of current events in the country.
Dec 27, 2021
Dropping exchange rate controls
Restrictions requiring banks and money changers to use the Central Bank of Myanmar's reference rate for currency exchange are dropped.
Sep 15, 2021
Central Bank exempts COVID-19 related expenses from cash withdrawal limits
CBM exempts cash withdrawal limits for Covid-19 expenses.
Jul 29, 2021
MIC updates operating procedures for state and regional investment committees
Investments of below USD5 million are approved by state and regional investment committes in Myanmar. A notification of the Myanmar Investme
Jul 1, 2021
Central Bank of Myanmar continues to tackle liquidity issues
The Central Bank of Myanmar has taken further steps to limit the ability of depositors to withdraw cash.
Jun 21, 2021
Myanmar adds soap and toothpaste to import ban
Ban on importing soap, soap powder and toothpaste over Myanmar's land border
Jun 7, 2021