Company directors in Myanmar now face legal repercussions if they fail in their corporate duties under the new Myanmar Companies Law, which came into force last August. Articles 165-172 of the Companies Law includes a set of directors’ duties, aimed at ensuring that a company is properly run and managed in the best interests of […]
Myanmar takes new measures to promote foreign investment
July 3, 2018 by
YANGON — Myanmar has reformed its investment commission recently and will soon enforce a new companies law in a bid to promote foreign investment. The new Myanmar Investment Commission was reorganized with 13 members with Minister at the Office of the Government U Thaung Tun as chairman. Along with the enactment of the new Myanmar […]
All companies need to re-register starting from August 1
June 29, 2018 by
The President’s Office issued Notice 48/2018 last Thursday to announce that the new Myanmar Companies Law will go into force on August 1. The new legislation, enacted in early December last year and spearheaded by the Directorate of Investment and Company Administration (DICA), is a landmark reform which allows domestic businesses to grow by seeking […]
Listing interest lackluster despite upcoming law
June 20, 2018 by
Though the new Myanmar Companies Law is less than three months away from being officially enforced, interest to list on the Yangon Stock Exchange (YSX) has not picked up as substantially as expected, said U Thet Tun Oo, senior executive manager of the YSX. The Myanmar Companies Law, which was enacted December 6, 2017, will […]
Company registration fees to halve from April 1, more SMEs expected
March 16, 2018 by
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. The latest move comes after DICA, together with the Ministry of Planning and Finance halved company registrations fees for private […]
MTSH sees heavy trading on higher Japanese investments
January 30, 2018 by
Despite high trading volume on the Yangon Stock Exchange (YSX) last week, the Myanmar Stock Price Index closed Friday at 452.80, languishing near its lowest levels since the bourse went live in 2016. More than 78,000 shares exchanged hands during the week, the most in a single week for months. Most of the trading involved […]
New Companies Law a game changer for bourse
December 12, 2017 by
The enactment of the new Myanmar Companies Law will bring about change for local companies listed or planning to list on the Yangon Stock Exchange (YSX), leading to further development in the economy. Under the new Companies Law, which was officially signed into legislation by President U Htin Kyaw on Wednesday, foreigner investors will now […]
Better legislation to attract Austbusinesses to enter Myanmar
December 11, 2017 by
Though Myanmar has yet to receive investment from Australia in fiscal year 201718, the nation’s improved business regulations should arouse Australian investors’ interest, according to a diplomat. Nick Cumpston, economic counsellor at the Australian Embassy, said in an exclusive interview that the Union Parliament’s recent passage of the new Myanmar Companies Law could spur Australian […]
Draft Companies Law designed to remove obstacles for foreign investment
August 9, 2017 by
A new Myanmar Companies Law currently being drafted by legislators will remove cumbersome restrictions and make foreign investment easier, said Dr Myat Nyana Soe, the secretary of Amyotha Hluttaw Bill Committee. “The draft law was approved by Amyotha Hluttaw and the amendments made by Aymotha Hluttaw and Bill Committee are already submitted to Pyithu Hluttaw. […]
New Companies Law Submitted to Parliament
July 24, 2017 by
NAYPYITAW — The Myanmar government submitted a draft of the new Myanmar Companies Law to the Upper House on Thursday. The draft law combines elements of the Myanmar Companies Act of 1914 and the Special Companies Act of 1950, reworked in hopes of attracting foreign investment, said Deputy Minister for Planning and Finance U Maung […]
