Other Headlines

Banking reforms taking Shape, Consolidation expected: CBM Vice Governor

Myanmar’s banking and financial services industry is making progress in complying with international-standard regulations, which were imposed in 2017 in a bid to reform the industry, U Soe Thein, vice governor of the Central Bank of Myanmar (CBM), said at a financial education talk recently.
Date: 12 July 2019; Type: Legal News; Source: Myanmar Times

Children’s Rights Law to be enacted soon, despite USDP’s Opposition

A children's rights law will soon be enacted despite some of its provisions coming in for criticism and opposition.
Date: 01 July 2019; Type: Legal News; Source: Myanmar Times

Gunman sentenced to death for armed Robbery in Mandalay

Mandalay District Court on Thursday sentenced a man to death for an armed robbery that resulted in the death of a woman in Chan Mya Tharsi township in Mandalay Region.
Date: 01 July 2019; Type: Legal News; Source: Myanmar Times

Draft Law to create Trade Authority, empower Commerce Ministry

The Ministry of Commerce (MoC) has drafted a law to establish a trade development body made up entirely of cabinet ministers and empower the new authority and MoC to issue lists of restricted items and non-tariff regulations.
Date: 01 July 2019; Type: Legal News; Source: Myanmar Times

Yangon to tax Hostels in biggest Migrant Worker City

The Yangon City Development Corporation (YCDC) will tax hostels in Hlaing Tharyar township, which has the most domestic migrant workers in the city, said U Soe Thein Aung, YCDC chair of the township.
Date: 21 June 2019; Type: Legal News; Source: Myanmar Times

Shan Parliament debates Inle Lake Conservation Bill

The Shan State Hluttaw debated a bill on the conservation of Inle Lake in Nyaungshwe township from June 6 to 8.
Date: 12 June 2019; Type: Legal News; Source: Myanmar Times

CBM to approve QR Code Payment Transactions soon

Digital payments using QR codes will be introduced to Myanmar as soon as the framework for such payments are ready.
Date: 13 June 2019; Type: Legal News; Source: Myanmar Times

Finance Ministry cuts Micro Finance Loan Interest Rates

A new directive from the Ministry of Planning and Finance (MOPF) has reduced interest rate for microfinance loans and compulsory saving. The new rates are to take effect at the beginning of this month but the announcement was released after four days of the effective date, causing microfinance institutions to be in a difficult position.
Date: 11 June 2019; Type: Legal News; Source: Myanmar Times

Court rejects Tatmadaw Defamation Claim

The Amarapura township court on Thursday dismissed a Tatmadaw (military) official’s complaint against Sayadaw U Thawbita that comments the monk posted on social media had damaged the military’s reputation.
Date: 10 June 2019; Type: Legal News; Source: Myanmar Times

Better implementation of the Law needed to draw Foreign Investors

Lack of coordination between the Union and regional governments on development policies, red tape and weak implementation of new laws has hampered the flow of foreign direct investments (FDI) into Myanmar, said U Aung Naing Oo, permanent secretary of the Ministry of Investment and Foreign Economic Relations.
Date: 10 June 2019; Type: Legal News; Source: Myanmar Times

Amendments seek to curtail Power of President, Election Body

A Constitutional amendment bill submitted by the Tatmadaw (military) and Union Solidarity and Development Party (USDP) would reduce the authority of the president and election commission.
Date: 03 June 2019; Type: Legal News; Source: Myanmar Times

Mandalay City to roll out Online Payment System

People will soon be able to pay their taxes and service fees to the Mandalay City Development Committee online, the city’s officials say.
Date: 31 May 2019; Type: Legal News; Source: Myanmar Times

Myanmar signs on as Observer for BRI Tax Cooperation Pact

Myanmar will sign as an observer an agreement on the establishment of the Belt and Road Initiative Tax Administration Cooperation Mechanism (BRITACOM), said Deputy Minister of Planning and Finance U Maung Maung Win.
Date: 31 May 2019; Type: Legal News; Source: Myanmar Times

Ministry working on Changes to Tobacco Control Law

The Ministry of Health and Sports is working on a draft amendment to the Control of Smoking and Consumption of Tobacco Product Law as part of the government’s anti-tobacco effort, a senior official said.
Date: 30 May 2019; Type: Legal News; Source: Myanmar Times

Banking reforms taking Shape, Consolidation expected: CBM Vice Governor

Myanmar’s banking and financial services industry is making progress in complying with international-standard regulations, which were imposed in 2017 in a bid to reform the industry, U Soe Thein, vice governor of t ...

CBM to approve QR Code Payment Transactions soon Finance Ministry cuts Micro Finance Loan Interest Rates Central Bank issues Warning against Crypto Currency Trading 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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Draft Law to create Trade Authority, empower Commerce Ministry

The Ministry of Commerce (MoC) has drafted a law to establish a trade development body made up entirely of cabinet ministers and empower the new authority and MoC to issue lists of restricted items and non-tariff regulat ...

Trade Laws protecting Local Producers now being drafted: MOC E-commerce Legislation forthcoming on the Back of Growth Potential New Rule requires Imports to have Myanmar Language Labels more

Gunman sentenced to death for armed Robbery in Mandalay

Mandalay District Court on Thursday sentenced a man to death for an armed robbery that resulted in the death of a woman in Chan Mya Tharsi township in Mandalay Region.

Anti-Graft Commission readies Whistleblower Protection Bill Six Inmates and Prison Worker get Jail Terms for Live-Streaming Protest Filmmaker sent to Prison for Criticizing Military more

Mandalay City to roll out Online Payment System

People will soon be able to pay their taxes and service fees to the Mandalay City Development Committee online, the city’s officials say.

Govt launches New Payment System for Injured Workers New Labour Law paves way for Worker Safety Standards Cabinet OKs sending Caregivers to Japan more

Myanmar Real Estate Service Law to be enacted within Three Months

The Pyidaungsu Hluttaw will approve a real estate service law within three months, said U Tin Maung Win, chair of Transport, Communication and Construction Committee at Myanmar Real Estate Services Association annual mee ...

Real Estate Services Bill submitted to Parliament After Three Years, Regulations under Condominium Law firm up Mandalay revokes Permits for 57 Apartments over Nonpayment more

Yangon to tax Hostels in biggest Migrant Worker City

The Yangon City Development Corporation (YCDC) will tax hostels in Hlaing Tharyar township, which has the most domestic migrant workers in the city, said U Soe Thein Aung, YCDC chair of the township.

Myanmar signs on as Observer for BRI Tax Cooperation Pact IRD to introduce Income Tax Bill to Parliament Advanced Income Tax on Imports, Exports reinstated after One Year more

INDUSTRY UPDATES

Labour Ministry opens Automation Center

BANGKOK, Jul 17 (NNT) - On efforts to push the Thai industrial sector into the 4.0 era, human resources must be capable of operating technology and automated systems, especially in the Eastern Economic Corridor (EEC) development project. To achieve this goal, the Ministry of Labour has established a human resources development center on automation and robots at the Institute for Skills Development 3, located in Chonburi.

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INDUSTRY UPDATES

Guidebook on Parliamentary Constituencies launched

KUALA LUMPUR, Jul 17 (Bernama) - Dewan Rakyat Speaker Datuk Mohamad Ariff Md Yusof today launched Wakil Kita di Parlimen, a 228-page guidebook containing relevant information on all the 222 parliamentary constituencies.

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INDUSTRY UPDATES

Students among Plaintiffs in Lawsuit over Sungai Kim Kim Pollution

JOHOR BAHRU, Jul 17 (Bernama) - Thirty-four students are among 171 individuals who are suing the Johor state government, Menteri Besar Datuk Osman Sapian and 10 others over the pollution in Sungai Kim Kim near Pasir Gudang last March.

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INDUSTRY UPDATES

Mandalay Region Hluttaw approves New High Court Judge

Mandalay Region Hluttaw was unanimously appointed a new regional high court judge on the second day of the second session of the hluttaw after being nominated by the regional chief minister.

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INDUSTRY UPDATES

DOJ forms Special Team to probe Kidapawan Broadcaster's Slay

MANILA, Jul 12 (PNA) - Department of Justice (DOJ) Secretary Menardo Guevarra on Friday said he has ordered a special investigation team to look into the killing last Wednesday of radio commentator Eduardo Dizon who was gunned down on the way home in Kidapawan City, Cotabato.

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INDUSTRY UPDATES

New BSP Deputy Governor sworn in

MANILA, Jul 12 (PNA) - Francisco G. Dakila Jr. received his oath of office as Deputy Governor for Monetary and Economics Sector (MES) in ceremonies administered by Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno on Thursday.

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INDUSTRY UPDATES

Chief Justice heads Penang Honours List

GEORGE TOWN, Jul 12 (Bernama) - Chief Justice Datuk Tengku Maimun Tuan Mat heads the list of 877 recipients of state honours and honorary medals in conjunction with the 81st birthday of the Yang Dipertua Negeri of Penang Tun Abdul Rahman Abbas.

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INDUSTRY UPDATES

Prosecution failed to serve Summons on Shahrizat's Children, Court sets new Mention Date

KUALA LUMPUR, Jul 12 (Bernama) - The Sessions Court here today set Aug 5 for mention of a lawsuit filed by the Companies Commission of Malaysia (CCM) against two children of former Women, Family and Community Development Minister Tan Sri Shahrizat Abdul Jalil in connection with several offences allegedly committed by their company.

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INDUSTRY UPDATES

Free Legal Service to be provided for the Poor

Legal aid groups will provide free legal services to poor people and those in need of legal assistance across the country in an effort to support the rule of law and restore public trust in the judiciary.

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INDUSTRY UPDATES

Bill to increase Sabah State Seats to be tabled on July 17

KOTA KINABALU, Jul 11 (Bernama) - Sabah Chief Minister Datuk Seri Mohd Shafie Apdal is confident the Bill for the additional 13 seats, to increase the number of state seats from 60 to 73, will be approved when it is tabled in Parliament on July 17.

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INDUSTRY UPDATES

SolGen asks SC to dismiss Writ of Kalikasan Suit on WPS

MANILA, Jul 9 (PNA) - Solicitor General Jose Calida on Tuesday asked the Supreme Court (SC) to dismiss the petition filed against government agencies, which seeks unspecified action on the disputed areas in the West Philippine Sea.

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INDUSTRY UPDATES

IRB records 486,360 Cases of Voluntary Tax Declaration

KUALA LUMPUR, Jul 8 (Bernama) - The Inland Revenue Board of Malaysia (IRB) has recorded 486,360 cases of voluntary tax declaration under the special voluntary declaration programme (PKPS) as of June 23.

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INDUSTRY UPDATES

Sugar Tax: SME Traders can file Postponement Appeal

PARIT BUNTAR, Jul 7 (Bernama) - Small and Medium Enterprise (SME) traders affected by the sugar tax on sweetened drinks which came into effect this month, can file a postponement appeal to the relevant authorities.

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INDUSTRY UPDATES

Sarawak Government has not Officially responded on the RM1 Loan Offer - MOF

KUALA LUMPUR, Jul 6 (Bernama) - The Sarawak state government has yet to provide any official feedback to the Federal government on the proposed loan offer, amounting to RM1 billion, which will be allocated for repairs of dilapidated schools in the state.

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INDUSTRY UPDATES

Government offers Tax Incentives, grants to boost Participation in Expo 2020 Dubai

PUTRAJAYA, Jul 5 (Bernama) - The government has approved tax incentives and grants to encourage potential participating and contributing companies in the upcoming Expo 2020 Dubai.

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INDUSTRY UPDATES

PCC approves New Clark City Power Distribution Deal

MANILA, Jul 3 (PNA) - The Philippine Competition Commission (PCC) has approved the proposed joint venture between the Bases Conversion and Development Authority (BCDA) and the consortium of Manila Electric Company (Meralco) and its Japanese partners to develop a power distribution system in New Clark City.

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INDUSTRY UPDATES

Airbnb wants clearer Guideline on Tourism Tax

KUALA LUMPUR, Jul 2 (Bernama) -- Online hospitality service brokerage company, Airbnb Inc urged the government to provide a clearer guideline on tourism tax for its type of business.

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INDUSTRY UPDATES

Malcontento to take oath as New Prosecutor General on July 2

MANILA, Jul 1 (PNA) - Justice Secretary Menardo Guevarra said newly appointed Prosecutor General Benedicto Malcontento may assume office as soon as he takes his oath Tuesday.

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