CNI Holdings Bhd has suspended its multi-level marketing (MLM) business activities in Myanmar after local authorities banned the use of such methods. In a filing with Bursa Malaysia today, CNI said the Ministry of Commerce Myanmar had on Sept 18 issued a notification prohibiting the business of MLM in Myanmar. As a result, its indirect […]
Legislation in the works to regulate multi-level marketing
October 10, 2018 by
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. The notification from the Ministry of Commerce says those found operating MLM-type businesses will face legal action […]
Govt bans MLM firms
September 20, 2018 by
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. Action will be taken against all MLM businesses found to still be in operation after the date of the issued notification, under the Essential Supplies and Service Law. […]
