4 mins read · Mon June 21, 2021
On 16 June 2021, the Central Bank of Myanmar (CBM) issued letter 105/2021 (Letter), its latest attempt to combat the liquidity problems faced by the Myanmar financial sector.
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1 mins read · Mon June 7, 2021
Hot off the heals on the ban on importing certain food products across land borders, the Directorate of Trade (Myawaddy Trading Zone), under the Ministry of Commerce (MOC) has as of 4 June 2021 further prohibited the import over land borders of:
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1 mins read · Wed June 2, 2021
The Ministry of Commerce (MOC) has announced the end of concessional fees for obtaining import licences.
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2 mins read · Tue May 25, 2021
The Electric Power Generation Enterprise (EPGE) under the Ministry of Electricity and Energy published, on 24 May 2021, an invitation to bid to develop and operate solar power plants with a 20-year concession on a build-operate-own basis.
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6 mins read · Tue May 11, 2021
The banking sector is currently in a challenging situation, having faced significant disruption and a challenging economic situation.
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2 mins read · Thu May 6, 2021
The General Administrative Department (GAD) is central to the functioning of the government administration across the country and forms the backbone of Myanmar’s civil service. While being a department of a Union ministry it has offices at every level of government, with its township offices being the main interface for most Myanmar citizens with their […]
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1 mins read · Fri April 30, 2021
The Ministry of Commerce made an announcement on 12 April 2021 that certain food products will be prohibited from being imported via through border trade as of 1 May 2021. The reason given is that better infrastructure needs to be put in place to be able to safely import and inspect food products, after which […]
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1 mins read · Thu April 29, 2021
As part of its corporate compliance requirements, every company in Myanmar must file an Annual Return within two months of incorporation and then within one month of the anniversary of its incorporation. For an overseas corporation (branch), registered in Myanmar the Annual Return must be filed within 28 days of the end of its financial […]
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2 mins read · Sat March 27, 2021
The Myanmar Investment Law 40/2016 (MIL) is the key law regulating and promoting investment in Myanmar. The MIL provides investors with tax incentives and allows foreign investors to enter into long term land leases.
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2 mins read · Wed March 10, 2021
The Ministry of Commerce (MOC) has just issued notification 24/2021 on 8 March 2021, their latest import regulations for the import of vehicles by car showrooms. This is an annual occurrence with the MOC updating the import requirements every year.
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