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1.

MYANMAR: Used Machinery Import Regime Extended Until End of 2018

16 Jan 2018

The scheme to allow the import of used machinery for use in a manufacturing project in Myanmar has been extended until the end of 2018. Such imports must be originated from developed countries and arr...Read More

2.

MYANMAR: Daily Minimum Wage Set to Increase to US$3.5

2 Jan 2018

The daily minimum wage in Myanmar is set to increase from Kyat 3,600 (US$2.6) to Kyat 4,800 (US$3.5) following a formal endorsement by the union government....Read More

3.

MYANMAR: Condominium Development Sector Opened Up to Overseas Investors

22 Dec 2017

For the first time, overseas-based companies and individuals have been cleared to invest in condominium development projects....Read More

4.

Myanmar's Soaring Health Sector Prompts Medical Supplier Goldrush

5 Dec 2017

Viewed as the last frontier by many in the commercial sector, Myanmar's government-backed healthcare boom is the latest element of the country's economy to see countless international manufacturers an...Read More

5.

MYANMAR: Foreign Investors Allowed 35% Stake in Local Businesses Without Prior State Approval

4 Dec 2017

Foreign investors will be allowed to take up to a 35% stake in a Myanmar-registered business without prior government approval under the terms of the country’s new Companies Law....Read More

6.

MYANMAR: Temporary Moratorium Imposed on All New Timber-based Investment Projects

27 Nov 2017

A temporary moratorium has been imposed by the Myanmar Investment Commission (MIC) on all new investment projects in the country’s timber-based business sector. However, the MIC will continue to allow...Read More

7.

MYANMAR: Ayeyarwady Manufacturing-Focussed Industrial Zone Set for 2020 Launch

22 Nov 2017

A new manufacturing-oriented Industrial Zone (IZ) is to be established in Ayeyarwady, one of Myanmar’s most populous regions and some 100km to the west of Yangon, the national capital....Read More

8.

MYANMAR: Collateral Requirement Waived to Ease Access to Credit for SMEs

16 Oct 2017

Local banks in Myanmar will now be allowed to offer loans without the need for their potential borrowers to first pledge their assets as collateral....Read More

9.

MYANMAR: Imported Automotive Parts Subject to Immediate Tax Hike

12 Oct 2017

The import tax on a range of automotive parts is to be raised with immediate effect. Among the components affected are parts for commercial vehicles, including trucks, buses and vans with more than ni...Read More

10.

China Set to Confirm 70% Stake in Major Myanmar-based BRI Project

12 Oct 2017

November state visit expected to coincide with signing of MoU on ownership of KyaukPhyu Special Economic Zone....Read More

11.

MYANMAR: Country’s First Socio-Economic Atlas Available for Free Download

11 Oct 2017

A free-to-download Socio-Economic Atlas of Myanmar has been jointly-produced by the country’s Directorate of Investment and Company Administration (DICA) and the German Corporation for International C...Read More

12.

MYANMAR: Online Guide Sets Out to Detail Local Labour Legislation

3 Oct 2017

The ILO Guide to Myanmar Labour Law 2017, newly-available from the International Labour Organisation (ILO), sets out to provide a comprehensive outline of the country’s employment regulations....Read More

13.

MYANMAR: Amendments to Condominium Law Look to Limit Rights of Overseas Owners

14 Sept 2017

Overseas buyers will be allowed to own only up to 25% of all units in any given condominium project in Myanmar under the proposed changes to the 2016 Condominium Law. The amended legislation will end ...Read More

14.

Myanmar: Market Profile

1 Sept 2017

Myanmar’s GDP is forecast to expand by 7.7% in FY 2017/18 and 8% in FY 2018/19 on the back of improved global commodity prices and stronger demand from trading partners....Read More

15.

MYANMAR: 15-day Limit for Regional Approval of FDI Proposals Announced

31 Aug 2017

FDI proposals requiring approval from one of the 15 regional/state branches of the Myanmar Investment Commission (MIC) will now be processed within 15 business days, with the concerned authorities hav...Read More

16.

MYANMAR: Companies Listed on Yangon Stock Exchange Now Qualify for 5% CIT Cut

18 Aug 2017

Companies listed on the Yangon Stock Exchange (YSX) are now eligible to pay corporate income tax (CIT) at a lower rate of 20%, which is a 5% cut from Myanmar’s standard CIT rate....Read More

17.

MYANMAR: Emeralds and Diamonds Now Exempt from Special Commodity Tax

11 Aug 2017

The production, sale, export and import of emeralds and diamonds is to be exempt from the Special Commodity Tax (SCT). Prior to this change in legislation, the two were liable for SCT at a rate of 10%...Read More

18.

MYANMAR: Tax Dodging Property Developers Face Building Completion Certificates Blacklist

4 Aug 2017

All real estate developers and construction companies found to have evaded taxes will be denied the Building Completion Certificate (BCC)....Read More

19.

MYANMAR: FDI Proposals of US$5 Million or Less Now Only Require Regional Approval

31 July 2017

Proposals for investment projects valued at less than US$5 million will no longer be accepted by the Myanmar Investment Commission (MIC)....Read More

20.

MYANMAR: Investors in 10 Priority Sectors Promised Advantageous Treatment

4 July 2017

Investors in 10 priority sectors are to be given advantageous treatment by a number of official agencies, including the Myanmar Investment Commission (MIC) and any relevant local government bodies...Read More

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