Highlight Myanmar News
Myanmar Government Plans to Address Land Use Issues for Livestock Breeders
AUTHOR: TIN MG OO According to the Farmland Law of 2012, using farmlands for any purpose except farming is prohibited. Penalties and fines for non-compliance could include six months to two years of imprisonment, a fine ranging between K300,000-500,000, eviction, or the loss of on-site assets. This has caused problems for those who wish to breed livestock or fish, and who need valuable land space
Mon State Parliament Moves Toward Paperless Billing
AUTHOR: ZIN THU TUN Mon State’s Parliament approved a motion on May 6 urging the government to shift away from using paper for utility bills as the foundation for their payment system, and instead, utilizing an online payment method along with a mobile app.
Yoma Bank to Provide Digital Small Business Loans to Shop Sellers
AUTHOR: EI THANDAR TUN Yoma Bank has just partnered with Shop (shop.com.mm) sellers via their latest unsecured small business loan product, SMART Credit Plus. SMART Credit Plus was unveiled earlier this year when Yoma Bank entered strategic partnerships with Wave Money and the Union of Myanmar Travel Association (UMTA), offering SMART Credit Plus loans to their agents and members.
Exchange Rate Updated
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Highlight Law and Regulation
New Consumer Protection Law Enacted in Myanmar
Pyihtaungsu Hluttaw Law No. 9/2019—Myanmar’s new Consumer Protection Law—was enacted on March 15, 2019, repealing the previous law and providing a clearer legal framework for the protection of consumers in Myanmar. The date of implementation is March 15, 2019, with the exception of the product label requirement, which will enter into force one year after the date of enactment.
Myanmar Passes Patent law
Pyidaungsu Hluttaw Law No. 7/2019—Myanmar’s Patent Law—was enacted on March 11, 2019, providing a framework for the protection of inventions related to products and processes. This is the first legislation specifically addressing the protection of patents in the history of Myanmar.
Myanmar Passes Industrial Design Law
On January 30, 2019, Myanmar’s long-awaited Industrial Design Law—the first legislation specifically addressing the protection of industrial designs in the jurisdiction’s history—was passed into law. The law lays out a comprehensive framework for the protection of rights over the external visual design of objects (i.e. the aesthetic design, rather than the practical). It will be implemented through administrative bodies (particularly the Intellectual Property Office) and enabling legislation that will be established and implemented in due course.
Myanmar Passes Long-Awaited Trademark Law
Myanmar’s long-awaited Trademark Law was signed into law on January 30, 2019, establishing the framework for a comprehensive trademark registration system open to both foreign and domestic trademark owners. Once the administrative bodies and enabling legislation to support this system are in place, all existing trademark owners who have recorded their rights under Myanmar’s old system will have to file new applications to protect their marks under the new law.
Myanmar: Local Banks Can Now Accept Foreign Equity Investments of up to 35%
The Central Bank of Myanmar (CBM) issued Circular Letter 1/2019 on January 29, 2019, stating that domestic private banks will now be able to accept up to 35% equity investments from foreign banks and financial institutions. The Circular Letter comes into effect immediately. Domestic private banks that wish to accept foreign investments under the circular are required to submit a set of documents to the CBM, including a copy of the mutual agreement describing the equity investment ratio, the terms and conditions of the investment, and others.
Updated Last Activities
Right of Medical Treatment and Health care for Foreigner in Myanmar
The Morning Talk #17 , focused on the Health care topic since there are many questions about how to prevent disease , how to prepare ourselves and what should we do when we are sick. In this seminar we reRead More
TBAM Activity : Songkran Festival at Thai Embassy
Songkran Festival - 20 TBAM Members paying homage to H.E. Mrs. Suphatra Srimaitreephithak, Ambassador at Royal Thai Embassy , Yangon , MyanmarRead More
MLOV : The Hotel Supply SpecialistA leading provider of top-quality products for hotel to the needs of renowned international hotels and other hospitality businesses.
Wired Media MyanmarA One-Stop-Service to help clients doing advertisement in Myanmar by offering 360 degree strategic communication campaign from accurate market insight as a true solution for brands.
Srithai Logistic (Myanmar) Co.,Ltd.SLM is a one stop services for any client who is looking for a transit shipment from third countries through Thailand to Myanmar. Also in near future, with our Group’s new setup companies in AEC countries, we will be able to connect the South China Sea with the Andaman Sea or so called East West Economics Corridor by the inland transportation
G&R Marchetti : Luxury Surfaces
Mono Technology MyanmarA leading entertainment content creator that creates and offers outstanding services and products via several media platforms to fit modern lifestyles in the digital era. Our services and products include entertainments, news, music, movies, games and horoscopes available through various channels
S.P. PETPACK INTER GROUP (MYANMAR) CO.,LTDS.P. Petpack Inter Group Co., Ltd. is established in 2015, and is subsidiary company of S.P. Petpack Co., Ltd. The company produces plastic bottles, pails, and caps for milk packaging, food packaging, lubricant oil packaging, and other purposes.
Millcon Thiha GEL Limited.Thai Quality Local made Structural Steel Pipe
Myanmar Business Today : Myanmar's First Bilingual Business JournalMyanmar Business Today (MBT) is Myanmar’s largest circulating business publication. It is Myanmar's first and the only bilingual (English-Myanmar) business newspaper, and is distributed in Myanmar and Thailand.