Up until now Myanmar regulators have allowed foreign involvement in banks, mobile money and microfinance. While the laws did not exclude foreign investment in other parts of the financial system, the CBM had not directly approved foreign ownership in other kinds of non-bank financial institutions (NBFIs). (more…)

The Ministry of Commerce (MOC) announced in its latest newsletter no. 6/2022 that it will be cracking down on imports arriving without the necessary licences in place. (more…)

On 7 April 2022 the Central Bank of Myanmar (CBM) issued a letter effectively cutting spending limits on Myanmar issued credit cards and prepaid debit cards in half. (more…)

The Myanmar financial sector has been through a tumultuous year because of the impacts from the Covid pandemic and instability following the assumption of power by the military on 1 February 2021. (more…)

The list of goods which require a licence has recently been changed with an updated list of goods taking effect on 1 January 2022 and a further update to the list will come into effect from 1 March 2022. (more…)