Highlight Myanmar News
Corn Exports Talks with Thailand in the Works
Myo Sandar/Myanmar Business Today Traders from Myanmar and Thailand are planning talks on corn exports following offers from the Thai side to buy up to 1 million tons of corn per year. The two sides hope to sign an agreement in early 2020. Last year, Myanmar exported 700,000 tons of corn to Thailand.
Mandalay to Suspend SME Membership Application in December
Zin Thu Tun/Myanmar Business Today The Directorate of Industrial Supervision and Inspection (Mandalay) will suspend SME membership applications, both online and offline, throughout December to allow time for the agency to work on expanding the registration system and review existing data.
First Private Bank to Sell 35 Percent Stake to Foreign Banks
Myo Sandar/Myanmar Business Today First Private Bank, the only listed bank in Myanmar, will take on foreign partners, which by law can own up to 35 percent of its shares, the bank revealed at its November 24 annual general shareholders’ meeting. It has not yet named any potential partner.
Exchange Rate Updated
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Highlight Law and Regulation
Myanmar Enacts Copyright Law
Myanmar’s Copyright Law was finally enacted into law on May 24, 2019, effectively repealing the old Copyright Act of 1914. The law lays out the new legislative framework for the protection of literary and artistic works and other related rights, to be implemented through administrative bodies and subsidiary regulations that will be issued in due course.
Timeline Set for Changes to Import/Export Licensing and Registration Requirements in Myanmar
The Myanmar Ministry of Commerce has set the timeline for foreign-owned and joint venture companies importing or exporting specific categories of goods to apply for retail and wholesale services registration. These changes are outlined in Notification 23/2019 from Myanmar’s Ministry of Commerce (MoC) supporting last year’s opening-up of retail and wholesale to foreign companies.
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.
Updated Last Activities
TBAM Evening Talk & Networking Event #1
The first TBAM Evening Talk & Networking Event #1 was held on 4th February 2020 in Novotel Yangon Max.
In this seminar we received the honored from the 2 special guests to share their knowledge and experience :
- Prof. Thanawut Naigowit, Ph.D. Minister Couns
- Prof. Thanawut Naigowit, Ph.D. Minister Couns
5 Key Investment Sectors by Thai Investors in Myanmar
TBAM and TLCA (Thai Listed Companies Association) have organized the investment seminar focused on "5 Key Investment Sectors" that Thai Investors are potential on 29 January 2020 at Royal Thai Embassy, Yangon.Read 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
GTS Export-Import Co.,LtdA great partner to trading companies by providing solutions with import and export, customs clearance, logistics and storage, and distributions. “ Throughout our organization, we’ve always looked to bring together the right skills and knowledge to support our network growth and customer service. With experience in the Logistic and supply chain and also Marketing and customer behavior in Myanmar. Our teams are focused on bringing to the Best Business solutions and dedicated support to our business partner.”
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.