3 mins read · Sat September 25, 2021
As part of Myanmar’s path of economic liberalisation embarked on a decade ago, Myanmar moved away from a managed exchange rate, through a managed currency float. Starting from April 2012 Myanmar had an exchange rate set by the Central Bank of Myanmar (CBM) which was based on the market exchange rate with some restrictions on […]
Read more
2 mins read · Thu July 29, 2021
The Central Bank of Myanmar (CBM) issued a letter on 1 March 2021 imposing weekly withdrawal limits of MMK 2million for individuals and MMK20 million for corporate account holders. In reality due to a lack of liquidity, most banks have set their own withdrawal limits significantly lower than those set by the CBM, making it […]
Read more
2 mins read · Thu July 1, 2021
Investments in Myanmar are regulated by the Myanmar Investment Law 40/2016 (MIL), which includes a number of tax and other investment incentives for both Myanmar and foreign investors. Key tax incentives include:
Read more
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.
Read more
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:
Read more
1 mins read · Wed June 2, 2021
The Ministry of Commerce (MOC) has announced the end of concessional fees for obtaining import licences.
Read more
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.
Read more
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.
Read more
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 […]
Read more
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 […]
Read more