Other Headlines

Central Bank provides New Details on Foreign-Bank Directive

Foreign banks will be allowed to expand their branch networks in Myanmar next year, according to two senior officials of the Central Bank of Myanmar (CBM) yesterday.
Date: 15 November 2018; Type: Legal News; Source: Myanmar Times

E-commerce Legislation forthcoming on the Back of Growth Potential

E-commerce in Myanmar is expected to develop fast over the next five years, when legislation governing the industry is targeted to come into force.
Date: 14 November 2018; Type: Legal News; Source: Myanmar Times

National Anti-Drug Strategy set to be released Next Month

The country’s plan of action in the fight against illegal drugs will be announced in December, the Central Committee for Drug Abuse Control said.
Date: 14 November 2018; Type: Legal News; Source: Myanmar Times

Parliament to pass Tax Bill to curb Corruption

Parliament is set to pass a tax management bill that is expected to curb corruption and increase revenue, a senior member of a Pyidaungsu Hluttaw (bicameral parliament) committee said on Monday.
Date: 13 November 2018; Type: Legal News; Source: Myanmar Times

New Investment-related Ministry to be announced

The National League for Democracy-led government is going to add one more ministry soon which is likely to deal with investment matters.
Date: 12 November 2018; Type: Legal News; Source: Myanmar Times

Central Bank allows Foreign Banks to lend to Local Businesses

Foreign banks in Myanmar are being allowed to provide commercial services, setting them on more equal footing with the local banks as the sector implements further reforms, U Soe Thein, Vice Governor of Central Bank of Myanmar (CBM), told The Myanmar Times on November 9.
Date: 12 November 2018; Type: Legal News; Source: Myanmar Times

21 Bills to be tackled in upcoming 10th Regular Sitting of Parliament

The 10th regular sitting of the Hluttaw will start on November 12 and is expected to debate reports about the budget, taxes, and national debt for the fiscal year 2017-18.
Date: 07 November 2018; Type: Legal News; Source: Myanmar Times

New Rule requires Imports to have Myanmar Language Labels

Imported goods must have labels and instruction manuals in the Myanmar language within six months or they could be taken off the market, according to the Consumer Affairs Department.
Date: 24 October 2018; Type: Legal News; Source: Myanmar Times

Laws to protect Intellectual Property, encourage Business in the Works

Businesses in Myanmar still rely on outdated colonial-era laws enacted by the British more than one hundred years ago to protect Intellectual Property (IP) rights.
Date: 09 October 2018; Type: Legal News; Source: Myanmar Times

Retailers hit with Liquor Import Ban

Liquor retailers are no longer allowed to sell imported brands, as it is a violation of Ministry of Commerce regulations.
Date: 04 October 2018; Type: Legal News; Source: Myanmar Times

Legislation in the Works to regulate Multi-Level Marketing

Following the government’s prohibition of multi-level marketing via a notification dated September 18, consumer rights advocates and other experts have come out to say more must be done to educate the public about the drawbacks of the system.
Date: 05 October 2018; Type: Legal News; Source: Myanmar Times

Man gets Year in Jail for criticizing State Minister

A man who criticised the Mon State Chief Minister on social media has been sentenced to one year in prison, a Thaton township police official said.
Date: 01 October 2018; Type: Legal News; Source: Myanmar Times

Government enacts Tougher Forest Law

The Myanmar parliament has enacted a tougher forest law that threatens violators with up to 15 years in prison in a bid to conserve the country’s fast-dwindling forests.
Date: 26 September 2018; Type: Legal News; Source: Myanmar Times

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

Central Bank provides New Details on Foreign-Bank Directive

Foreign banks will be allowed to expand their branch networks in Myanmar next year, according to two senior officials of the Central Bank of Myanmar (CBM) yesterday.

Central Bank allows Foreign Banks to lend to Local Businesses Rules permitting Foreigners to Trade likely out This Year MOB to allow Digital Payment System 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.

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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

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

Parliament to pass Tax Bill to curb Corruption

Parliament is set to pass a tax management bill that is expected to curb corruption and increase revenue, a senior member of a Pyidaungsu Hluttaw (bicameral parliament) committee said on Monday.

More Taxes to be levied on Alcohol, Cigarettes IRD to launch Integrated Tax Administration System Parliament mulls Maintaining Tax Rates to Offset Forex Pressure more

INDUSTRY UPDATES

Indonesia urges US to strengthen Economic Cooperation with ASEAN

SINGAPORE, Nov 15 (PNA) (ANTARA News) - Indonesian President Joko Widodo (Jokowi) has urged the United States of America to strengthen its economic cooperation with the ASEAN member countries based on a win-win solution instead of a zero sum game.

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INDUSTRY UPDATES

APEC Ministers prioritize tackling Barriers to ensure Prosperity for All

JAKARTA, Nov 15 (ANTARA News) - Ministers from the 21 APEC economies have convened to align their ideas for improving Asia-Pacific connectivity and deepening economic integration for stronger economic growth that benefits all people in the region.

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INDUSTRY UPDATES

Finance Ministry to launch Portal for Auction

JAKARTA, Nov 14 (ANTARA News) - The Ministry of Finance will launch a website named lelang.go.id to facilitate people to participate in the auction process as well as make this activity more informative and accessible.

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INDUSTRY UPDATES

Corruption: Court allows Tengku Adnan Bail of RM1 Million

KUALA LUMPUR, Nov 15 (Bernama) - Former Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor who was charged in the Sessions Court here today with two counts of corruption and an alternative charge with accepting bribes of RM3 million in connection with an approval given to a company to raise the ratio plot for development at Jalan Semarak here in 2013 was allowed bail of RM1 million.

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INDUSTRY UPDATES

64,632 Malaysians declared Bankrupt over last Five Years

KUALA LUMPUR, Nov 15 (Bernama) - The Malaysia Department of Insolvency says 64,632 Malaysians aged between 18 and 44 have been declared bankrupt over the last five years.

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INDUSTRY UPDATES

SMEs should use funding from Cooperatives for Adoption of Industry 4.0

KUALA LUMPUR, Nov 15 (Bernama) - Small and medium enterprises (SMEs) can use funding from cooperatives to scale up their business in adopting the Fourth Industrial Revolution (Industry 4.0) technology, Minister of Entrepreneur Development, Datuk Seri Mohd Redzuan Yusof said.

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INDUSTRY UPDATES

92,682 Businesses have registered under SST - Lim

KUALA LUMPUR, Nov 15 (Bernama) - A total of 92,682 businesses have registered under the Sales and Services Tax (SST) regime as of Oct 23, the Dewan Rakyat heard today.

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INDUSTRY UPDATES

Lawyers raise Concerns over Move to cut Fees

In one of the Law Society's biggest townhall sessions, close to 1,000, or one in five, practising lawyers turned up on Monday to discuss with Law Minister K Shanmugam the recommended scale costs they could charge under the proposed civil justice reforms.

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INDUSTRY UPDATES

President to conduct Bilateral Meetings and Other Summit Activities

Singapore, Nov 14 (ANTARA News) - President Joko Widodo (Jokowi), on the second day of a working visit to Singapore, will hold various bilateral meetings and attend several ASEAN summits with partner countries.

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INDUSTRY UPDATES

President Jokowi highlights Indo-Pacific Concept at ASEAN Summit Plenary

SINGAPORE, Nov 14 (ANTARA News) - President Joko Widodo highlighted developments in the concept of Indo-Pacific regional cooperation during the plenary session of the 33rd ASEAN Summit held at the Suntec Convention and Exhibition Center in Singapore on Tuesday night.

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INDUSTRY UPDATES

Leaders push for modernizing ASEAN at 33rd Summit

Prime Minister Thongloun Sisoulith and leaders from other Asean member countries are pushing to modernise and strengthen Asean amid the growing digital revolution, the Lao Ministry of Foreign Affairs has said.

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INDUSTRY UPDATES

Ministers' Pay Cut to remain in Force - Guan Eng

KUALA LUMPUR, Nov 14 (Bernama) - The 10 per cent salary cut for all Cabinet ministers will remain in force, Finance Minister Lim Guan Eng said today.

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INDUSTRY UPDATES

UM bags 13th LAWASIA International Moot Competition

KUALA LUMPUR, Nov 13 (Bernama) - A group of University of Malaya (UM) Bachelor of Law (LLB) students emerged as International Champion at the 13th LAWASIA International Moot Competition held early this month.

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INDUSTRY UPDATES

Time for BNM to reimpose Financing Quota - HBA

KUALA LUMPUR, Nov 13 (Bernama) - It is time for Bank Negara Malaysia (BNM) to reimpose financing quota that the banks need to adhere to in order to assist first-time home buyers, said the National House Buyers Association (HBA).

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INDUSTRY UPDATES

Non-Lawyers can now boost Legal Knowledge for Work

Working professionals can now build up their legal knowledge in industry-specific areas through courses at the National University of Singapore's (NUS) Law Academy, which caters to both practising lawyers and non-lawyers.

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INDUSTRY UPDATES

488K nabbed for Ordinance Violations since June: NCRPO

MANILA, Nov 13 (PNA) - A total of 488,526 individuals have been apprehended for violating local ordinances since June this year, the National Capital Region Police (NCRPO) announced Tuesday.

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INDUSTRY UPDATES

Indonesia pushes ASEAN to complete RCEP Negotiation

SINGAPORE, Nov 13 (ANTARA News) - Indonesia`s Trade Minister Enggartiasto Lukita has pushed ASEAN member countries to complete eight chapters within the Regional Comprehensive Economic Partnership (RCEP) framework in a bid to meet the negotiation target with its non-ASEAN participants.

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INDUSTRY UPDATES

Awaiting ASEAN's Concrete Steps to develop e-Commerce

BOGOR, W JAVA, Nov 13 (ANTARA News) - Indonesian Trade Minister Enggartiasto Lukita and his counterparts from nine other ASEAN member countries have signed an agreement on e-commerce at the 17th ASEAN Economic Community Council Meeting in Singapore on Monday.

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