myanmar - Contracts & Commercial

Trade Laws protecting Local Producers now being drafted: MOC

The Ministry of Commerce (MOC) is drafting new trade laws to safeguard local producers while promoting exports of domestically-produced goods, Minister of Commerce U Than Myint said.
Date: 23 April 2019; 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

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

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

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

Traders for 81 Goods allowed to apply for Licences Online

Traders for a total of 81 goods have been allowed to apply for licenses to trade online under the Fully Online Licensing system implemented by the Department of Trade under the Ministry of Commerce (MOC).
Date: 06 August 2018; Type: Legal News; Source: Myanmar Times

Central Rubber Market to open after Legislation

A central rubber market will open in 2019 after the new Rubber Law has been enacted, U Khaing Myint, secretary at the Myanmar Rubber Planters and Producers Association (MRPPA), told The Myanmar Times.
Date: 26 July 2018; Type: Legal News; Source: Myanmar Times

Exporters permitted to register for Customs Relief under GSP

Traders engaged in the export of goods to the European Union, Norway, Switzerland and Turkey will be able to apply for customs relief under the Generalised System of Preferences (GSP) at the Ministry of Commerce (MOC).
Date: 19 June 2018; Type: Legal News; Source: Myanmar Times

License Renewals for Gem Blocks suspended until New Law stipulated, but Small-Scale Work permitted

More than 8,000 acres of jade and gem blocks backed by the State are expected to remain active until 2021, said U Aung Nyunt Thein, managing director of the Myanmar Gems Enterprise under the Ministry of Natural Resources and Environmental Conservation.
Date: 24 May 2018; Type: Legal News; Source: Myanmar Times

SMEs need More Funding, Support System to expand further

Efforts to support Small and Medium Enterprises (SMEs) over the past three years have so far not been sufficient to generate meaningful growth for the economy, experts said.
Date: 23 April 2018; Type: Industry Updates; Source: Myanmar Times

Legislation needed to govern Industrial Zone Development

With the Yangon region government aiming to expand the industrial sector by around 10 percent in 2018-19, members of parliament have urged the authorities to prescribe the appropriate legislation to govern developments in the sector, as this will draw much needed Foreign Direct Investments (FDI).
Date: 11 April 2018; Type: Legal News; Source: Myanmar Times

K500,000 Fine for Unlicensed Thaingyan Private Pumps

Mandalay City Development Committee (MCDC) opened applications for permits to use private pumps during the Thaingyan Festival, warning those who will be using pumps without permission would be fined K500,000 (US$375), a senior agency official said.
Date: 02 April 2018; Type: Legal News; Source: Myanmar Times

Company Registration fees to halve from April 1, More SMEs expected

Company registration fees for Small and Medium Enterprises (SMEs) will be halved from K500,000 to K250,000 from April 1 onwards, according to a statement issued by the Directorate of Investment and Company Administration (DICA) Tuesday.
Date: 14 March 2018; Type: Legal News; Source: Myanmar Times

Drafting of Myanmar E-Commerce Law in the works

Myanmar will aim to enact its first E-Commerce Law as part of its efforts to meet the goals set by the ASEAN Economic Community (AEC), U Toe Aung Myint, secretary of the Ministry of Commerce (MOC), said during an AEC 2025 workshop in Yangon Wednesday.
Date: 02 March 2018; Type: Legal News; Source: Myanmar Times

Residents rail against ‘biased’ Gemstone Bill

Local residents of Myitkyina township in Kachin State have vowed to launch a protest against the gemstone bill that was submitted to the Pyithu Hluttaw last month, describing the measure as biased against small businesses and entrepreneurs.
Date: 27 February 2018; Type: Legal News; Source: Myanmar Times

Government to shutter Co-ops operating against the Law

The Yangon Regional Government is scrutinising the number of cooperatives and clamping down on those which are not operating appropriately.
Date: 26 February 2018; Type: Legal News; Source: Myanmar Times

Delayed permitted Businesses to receive Government Assistance

Almost 600 firms have experienced delays getting their businesses off the ground since 1988 despite having received permits from the Myanmar Investment Commission (MIC).
Date: 04 January 2018; Type: Legal News; Source: Myanmar Times

YSX flat despite New Law, ASEAN Bourses up

Stock investors were unexcited last week even after the Myanmar Companies Law was signed into legislation by President U Htin Kyaw and the announcement of a fifth listing - TMH Telecom Public Company - on the exchange.
Date: 11 December 2017; Type: Legal News; Source: Myanmar Times

Myanmar Companies Act approved

President U Htin Kyaw signed the Myanmar Companies Act at the Pyidaungsu Hluttaw Wednesday, approving the most anticipated piece of legislation in the country this year. Under the new Myanmar Companies Act, foreigners will be permitted to take up to a 35 percent stake in local companies. It also stipulates that businesses with foreign stakes o ...
Date: 07 December 2017; Type: Legal News; Source: Myanmar Times

INDUSTRY UPDATES

Ex-CJ speaks out against Lawyers' Tendency to seek Postponements

KUALA LUMPUR, Jun 16 (Bernama) - Former Chief Justice Tun Zaki Azmi has spoken out against the tendency by certain defence lawyers to seek postponements of cases being heard in court.

Read More

INDUSTRY UPDATES

New Competition Commission already under Fire

Myanmar’s professed commitment to competition reform has come under fire after the government packed the new Competition Commission with bureaucrats serving under a minister.

Read More

INDUSTRY UPDATES

NA Deputies give Opinions on Revised Labour Code

Hanoi, Jun 12 (VNA) - The revised Labour Code will the focus during the sitting of lawmakers on June 12 in the ongoing 7th session of the 14th National Assembly.

Read More

INDUSTRY UPDATES

Ability to pay Taxes Online a Boon for Vietnam’s Import-Export Businesses

Hanoi, Jun 6 (VNS/VNA) - Around 99 percent of import and export tax payments in Ho Chi Minh City are made online, according to the customs department.

Read More

INDUSTRY UPDATES

OWWA joins Urban Poor Caravan

MANILA, Jun 8 (PNA) - The Overseas Workers Welfare Administration (OWWA) will be joining the Presidential Commission for the Urban Poor (PCUP) caravan to inform the public of its programs on overseas employment.

Read More

INDUSTRY UPDATES

Palace declares June 24 Holiday in Manila

MANILA, Jun 6 (PNA) - Malacañang has declared June 24 as a special, non-working holiday in the City of Manila in celebration of its 448th founding anniversary.

Read More

INDUSTRY UPDATES

Legal Profession faces inherent Risks not Exclusive to NUPL

MANILA, Jun6 (PNA) - A state lawyer of the Office of the Solicitor General said Thursday the legal profession faces "inherent risks not exclusive to the National Union of People’s Lawyers (NUPL)".

Read More

INDUSTRY UPDATES

DOJ forms Panel to probe Jacky Co Case

MANILA, Jun 6 (PNA) - A prosecution panel has been assigned for the preliminary investigation on the complaints filed against alleged Chinese drug lord Jacky Co and others implicated in the smuggling of PHP1.8 billion worth of illegal drugs into the country.

Read More

INDUSTRY UPDATES

Myanmar still short of Judges, says Supreme Court

The number of judges in the country is just two thirds of the number required, according the 2018 annual report of the Union Supreme Court.

Read More

INDUSTRY UPDATES

RCI on Judicial Misconduct is what People Want - Dr Mahathir

PUTRAJAYA, Jun 5 (Bernama) - The government agreed to set up a Royal Commission of Inquiry (RCI) on judicial misconduct because this is what the people want, said Prime Minister Tun Dr Mahathir Mohamad.

Read More

INDUSTRY UPDATES

CJ stresses Importance of beefing up Legal Education

MANILA, Jun 3 (PNA) - Chief Justice Lucas P. Bersamin emphasized the commitment of his administration to leave no stone unturned in reforming the country's legal education system.

Read More

INDUSTRY UPDATES

Double Pay for Workers on June 5

MANILA, Jun 3 (PNA) - Private sector workers, who will report to duty on Wednesday, June 5, will be paid twice their regular daily wages, the Department of Labor and Employment (DOLE) said Monday.

Read More

INDUSTRY UPDATES

Complaints via Whatsapp: RTD issues More than 200 Notices

KUALA LUMPUR, June 3 (Bernama) - More than 200 notices have been issued by the Road Transport Department (RTD) as result of consumer complaints via the Whatsapp application during the three days enforcement operation, in conjunction with Adilfitri, which began on May 29.

Read More

INDUSTRY UPDATES

Online Trader benefits from Industrial Revolution 4.0

KOTA BHARU, Jun 2 (Bernama) - The Industry Revolution 4.0, which is occurring all over the world, has given huge benefit to online traders in marketing their products to consumers.

Read More

INDUSTRY UPDATES

Vietnam attends ASEAN Plus Three, EAS SOMs

Bangkok, May 30 (VNA) - Deputy Foreign Minister Nguyen Quoc Dung, who is head of the country’s SOM ASEAN, attended the ASEAN Plus Three SOM and East Asia Summit (EAS) SOM, which were held within the framework of the ASEAN Senior Officials' Meeting (SOM) in Bangkok on May 30.

Read More

INDUSTRY UPDATES

JBC sets Public Interviews for SC Aspirants

MANILA, May 31 (PNA) - The Judicial and Bar Council (JBC) has released the schedule of the public panel interview of hopefuls vying for a Supreme Court (SC) post, to be vacated by Associate Justice Mariano del Castillo who will compulsorily retire on July 29.

Read More

INDUSTRY UPDATES

Mohd Roze Shaari is New Intelligence/Operations Deputy Director

KUALA LUMPUR, June 1 (Bernama) - Bukit Aman's Criminal Investigation Department (CID) has a new Intelligence/Operations deputy director.

Read More

INDUSTRY UPDATES

Give Mandatory Counselling, Community Service Sessions to Road Bullies - MCPF

KUALA LUMPUR, May 31 (Bernama) - The Malaysian Crime Prevention Foundation (MCPF) has suggested that compulsory counselling and community service sessions be meted out to individuals detained for dangerous driving and road rage.

Read More