Other Headlines

Government bans MLM Firms

The Ministry of Commerce (MOC) on September 18 issued notification (46/2018) which prohibits the business of Multi-Level Marketing (MLM) in Myanmar. The ban will take effect immediately.
Date: 20 September 2018; Type: Legal News; Source: Myanmar Times

Renewable Energy Law in the Works to speed up Development

The Ministry of Electricity and Energy (MOEE) is drafting a renewable energy law to develop the sector, said U Maung Maung Kyaw, Chief Engineer from the Department of Renewable Energy and Hydropower Plants under the MOEE.
Date: 19 September 2018; Type: Legal News; Source: Myanmar Times

Cabinet OKs sending Caregivers to Japan

The cabinet’s Education, Health and Human Resources Development Committee has allowed the employment agencies to send caregivers to Japan for its elderly, the Ministry of Labour, Immigration and Population said.
Date: 17 September 2018; Type: Legal News; Source: Myanmar Times

Corruption Panel fines Five over withdrawal of Celebrity Murder Case

The Anti-Corruption Commission Myanmar has fined four officials of the Advocate General’s Office of Yangon Region and a police officer for the withdrawal of the case in July against people suspected of murdering a Facebook celebrity.
Date: 14 September 2018; Type: Legal News; Source: Myanmar Times

Thailand to legalize Illegal Fish Workers

Thailand would soon start legalising thousands of illegal Myanmar workers in its fishing industry as a first step to the signing of an agreement to provide more workers for the business, which is struggling with a labour shortage.
Date: 13 September 2018; Type: Legal News; Source: Myanmar Times

Court keeps Treason Charges on Rakhine Politician and Author

A court in Sittwe township, Rakhine State, on Monday dropped a charge of unlawful association against a politician and an author but maintained a high treason charge against them for allegedly inciting people to oppose the government.
Date: 11 September 2018; Type: Legal News; Source: Myanmar Times

Representatives call for Review of SOE Law

Representatives of Parliament have urged lawmakers to review an existing law under which the government must bail out loss-making State-Owned Enterprises (SOEs) with public funds.
Date: 11 September 2018; Type: Legal News; Source: Myanmar Times

Mutual Trust necessary in amending Constitution: Thura U Shwe Mann

National reconciliation in the most important element in ensuring progress in Myanmar’s democratic transition, Thura U Shwe Mann, chair of the Pyidaungsu Hluttaw’s Legal Affairs and Special Issues Assessment Commission, said on Friday.
Date: 10 September 2018; Type: Legal News; Source: Myanmar Times

Government to sign Nuclear Weapons Ban Treaty

The government has sought parliament’s approval for the country to sign the United Nations Treaty on the Prohibition of Nuclear Weapons.
Date: 10 September 2018; Type: Legal News; Source: Myanmar Times

Judges rule ICC has Jurisdiction over alleged Muslim Deportations

Judges at the International Criminal Court have ruled that the court has jurisdiction to investigate widespread allegations that Myanmar forces have driven thousands of Muslims from their homes in northern Rakhine State.
Date: 07 September 2018; Type: Legal News; Source: Myanmar Times

Rules permitting Foreigners to Trade likely out This Year

The Yangon Stock Exchange (YSX) will release rules under the new Myanmar Companies Law which could allow foreigners to trade on the local bourse before the end of the year, U Yin Zaw Myo, managing director of the YSX, said yesterday.
Date: 10 September 2018; Type: Legal News; Source: Myanmar Times

Reporters’ Jail Sentence draws Criticism

A Yangon court’s verdict sentencing two Myanmar journalists to 7 years in prison was a blow to press freedom in the country, with observers and local and foreign journalists alike expressing disappointment with the ruling.
Date: 04 September 2018; Type: Legal News; Source: Myanmar Times

Bill Committee rejects Prison Time for Employers who break Labour Law

The bill committee of the Pyithu Hluttaw (lower house) has submitted a draft Labour Dispute Law to parliament that excludes a provision for imprisonment of employers who break the law.
Date: 29 August 2018; Type: Legal News; Source: Myanmar Times

Tatmadaw Chief banned from Facebook

Tatmadaw Commander-in-chief Senior General Min Aung Hlaing, together with 19 other individuals and organisations in Myanmar, has been banned from using Facebook and Instagram. Their accounts and Pages on the social media platform have been removed to "prevent them from using our service to further inflame ethnic and religious tensions," the Califor ...
Date: 27 August 2018; Type: Legal News; Source: Myanmar Times

Rules permitting Foreigners to Trade likely out This Year

The Yangon Stock Exchange (YSX) will release rules under the new Myanmar Companies Law which could allow foreigners to trade on the local bourse before the end of the year, U Yin Zaw Myo, managing director of the YSX, sa ...

MOB to allow Digital Payment System Government seeks Approval to accept Japanese, French Loans Interim Budget approved in Parliament after 1.2 per cent Cut more

Draft Bill against Real Estate Monopolies sent to Attorney General

A draft bill to prevent real estate monopolies and increase government tax revenue is being submitted to the Attorney General’s office, according to Deputy Planning and Finance Minister U Maung Maung Win.

more

Government bans MLM Firms

The Ministry of Commerce (MOC) on September 18 issued notification (46/2018) which prohibits the business of Multi-Level Marketing (MLM) in Myanmar. The ban will take effect immediately.

Traders for 81 Goods allowed to apply for Licences Online Central Rubber Market to open after Legislation Exporters permitted to register for Customs Relief under GSP more

Corruption Panel fines Five over withdrawal of Celebrity Murder Case

The Anti-Corruption Commission Myanmar has fined four officials of the Advocate General’s Office of Yangon Region and a police officer for the withdrawal of the case in July against people suspected of murdering a ...

Protester sentenced to 18 Months in Prison Government ‘hasn’t relaxed Death Penalty’ Mandalay City Official sacked for asking for Bribe more

Cabinet OKs sending Caregivers to Japan

The cabinet’s Education, Health and Human Resources Development Committee has allowed the employment agencies to send caregivers to Japan for its elderly, the Ministry of Labour, Immigration and Population said.

Bill Committee rejects Prison Time for Employers who break Labour Law ILO clarifies on Disability Hiring, Minimum Wage and Holidays Garment Workers fired for not signing Employment Contract more

Myanmar, Swiss Businesses discuss Need for IP, Investment Protection

Members of the local and Swiss business community discussed issues pertaining to Intellectual Property (IP) and investment protection community at the Myanmar-Switzerland Business Dialogue held Tuesday in Yangon.

Heftier Fines proposed for Illegal Video Copying Myanmar backslides on Freedom of Expression: Digital Rights Stakeholders Court allows Case to proceed against Tanintharyi Weekly more

Mandalay revokes Permits for 57 Apartments over Nonpayment

The Mandalay government has revoked the permits for the sale of 57 apartments under the government affordable housing programme after those who were given the rights to buy these units failed to make payment after one ye ...

No 100 per cent Foreign Ownership in Real Estate Bill to regulate Real Estate Brokers open to Public Court rules in Favour of MEC, deals a Blow to Farmer Land Rights more

More Taxes to be levied on Alcohol, Cigarettes

The government has submitted its Union Taxation Bill for the 2018-2019 fiscal year, which includes higher tax rates on alcohol and cigarettes, to the Pyidaungsu Hluttaw.

IRD to launch Integrated Tax Administration System Parliament mulls Maintaining Tax Rates to Offset Forex Pressure Government removes 2 per cent of withholding Tax on Domestic Payments more

INDUSTRY UPDATES

Indonesia hands over Chairmanship of ASEAN Committee to Thailand

Jakarta, Sept 25 (ANTARA News) - Indonesian Ambassador to Kuwait, Tatang Budie Utama Razak, handed over the chairmanship of ASEAN Committee in Kuwait (ACK) for the period of January-June 2018 to ACK Chairman of the next period, Ambassador of Thailand to Kuwait, Dusit Manapan, on Sept 19.

Read More

INDUSTRY UPDATES

NLA receives Support from Labor Groups for Enactment of New Labor Protection Law

BANGKOK, Sept 26 (NNT) - Representatives of various labor groups have expressed support for the National Legislative Assembly’s enactment of a new version of the Labor Protection Act.

Read More

INDUSTRY UPDATES

House holds Marathon Budget Deliberations to meet October Deadline

MANILA, Sept 25 (PNA) - The House of Representatives is holding marathon deliberations - even extending the plenary session until the wee hours - on the proposed PHP3.757-trillion 2019 national budget to meet its approval deadline by October 12, Speaker Gloria Macapagal-Arroyo said on Tuesday.

Read More

INDUSTRY UPDATES

DOJ awaits BI Comments, Records on Fox Deportation Case

MANILA, Sept 25 (PNA) - Justice Secretary Menardo Guevarra has asked the Bureau of Immigration (BI) to file a formal comment on the petition for review of the government's deportation order against Australian missionary nun Patricia Fox.

Read More

INDUSTRY UPDATES

IPOPHL to roll out Green Lane for Trademark Applications

MANILA, Sept 25 (PNA) - The Intellectual Property Office of the Philippines (IPOPHL) is set to roll out a ‘green lane’ for trademark applications that will slash the average processing time for registration, which currently takes about eight months to be approved.

Read More

INDUSTRY UPDATES

BSP warns Public against Frauds, Scams

LEGAZPI CITY, Sept 25 (PNA) - The Bangko Sentral ng Pilipinas (BSP) on Tuesday warned the public against frauds and scams, in the wake of the fast approaching holiday season.

Read More

INDUSTRY UPDATES

Corporate Income Tax cuts won't lead to Job Losses

MANILA, Sept 25 (PNA) - Finance Undersecretary Karl Chua said the removal of certain incentives under the proposed tax reform measure will not result in job losses.

Read More

INDUSTRY UPDATES

Yangon Court allows Trial to resume in Celebrity Slaying

Yangon Region High Court decided on Monday to let the trial go ahead in the murder of Facebook celebrity Aung Ye Htwe and cancel the order by the district court to withdraw the case.

Read More

INDUSTRY UPDATES

Fundamental Freedoms must be aligned with International Standards - Dewan Rakyat Speaker

KUALA LUMPUR, Sept 25 (Bernama) - Parliamentarians have to ensure that the Federal Constitution and laws relating to freedom of expression, access to information and press freedom are in line with international human right standards, said Dewan Rakyat Speaker Datuk Mohamad Ariff Md Yusof.

Read More

INDUSTRY UPDATES

SME Mart to assist Entrepreneurs Market Products Overseas

SHAH ALAM, Sept 24 (Bernama) - SME Mart, an initiative introduced by Dewan Ekonomi Usahawan Malaysia (DEUM) will serve as a platform for Small and Medium Enterprise (SME) entrepreneurs to sell their products on both the local and international market.

Read More

INDUSTRY UPDATES

SGX proposes New “trade at close” Session for Securities Market

Singapore Exchange (SGX) is seeking public feedback on the proposed introduction of a new trading session for the securities market, the “trade at close” (TAC), which will take place after the closing auction routine ends.

Read More

INDUSTRY UPDATES

PHL Officials to brief UK Investors on Opportunities in Infra, Other Sectors

A Duterte Cabinet delegation led by Finance Secretary Carlos Dominguez III will embark on a three-day mission to London this week to brief British investors on the vast business opportunities in the country’s infrastructure, energy and tourism sectors and explore ways to expand economic cooperation between the Philippines and the United Kingdom.

Read More

INDUSTRY UPDATES

DOF thanks House for Final OK of Corporate Tax Reform Bill

The Department of Finance (DOF) has thanked the House of Representatives for approving on third and final reading the bill seeking to lower the corporate income tax (CIT) and correct the convoluted incentives system for businesses, as it expressed optimism that the Senate would pass a similar measure soon enough to enable the people to reap the benefits of a fair, transparent and accountable tax system in the form of more investments and jobs.

Read More

INDUSTRY UPDATES

PH Ambassador to Bahrain participates in a Roundtable on International Labor Standards

MANAMA, Sept 24 - Philippine Ambassador to Bahrain Alfonso A. Ver participated in a roundtable discussion on various International Labor Organization’s (ILO) conventions on foreign workers with the ILO Direct Contact Mission to Bahrain on 18 September 2018.

Read More

INDUSTRY UPDATES

HK Business Seminar puts Spotlight on Investment Opportunities in PH

HONG KONG, Sept 24  - Top-level government officials reassured potential investors in Hong Kong that the Philippines under President Rodrigo Duterte is working “non-stop” to ensure that the necessary policies, fiscal measures and legal framework relating to ease of doing business and investments are in place.

Read More

INDUSTRY UPDATES

MAS outlines Enforcement Approach to deter, detect and investigate Breaches of Rules and Regulations

Singapore, Sept 24 - The Monetary Authority of Singapore (MAS) has published an Enforcement monograph to provide greater clarity and transparency into how MAS deters, detects, investigates and takes action against breaches of the rules and regulations it administers. The monograph outlines how MAS’ Enforcement Department works together with the other financial sector oversight functions in MAS to uphold Singapore’s reputation as a clean and trusted financial centre.

Read More

INDUSTRY UPDATES

International Maritime Community re-affirms Co-operation in the Straits of Malacca and Singapore

More than 180 participants from around 80 maritime administrations and organisations, as well as embassies in Singapore, attended the 11th Co-operation Forum this morning, where they reaffirmed their commitment to strengthen cooperation in the Straits of Malacca and Singapore (SOMS).

Read More

INDUSTRY UPDATES

Chartered Accountant and Lawyer among those who joined Scheme as Proxy Decision-Makers

Lawyer Haryadi Hadi, 35, decided to be a professional deputy as he has wealthy clients who are single, childless or have strained ties with their loved ones and they cannot find anyone to be their proxy decision-makers should they become mentally incapacitated.

Read More