Amended Labour Law Likely to Impact on the Country’s Economy

A panel discussion was held on the 14th of July, under the name of; Implications of Business Related Law: Impact on Investment and Economic Development. It was held at Amyothar Hluttaw (upper house), of the Pyidaungsu Hluttaw (The Assembly of Union). The aim of this meeting was to discuss and dispute an increasing of fines, […]

FDA sues 25 pharmacy shops as of July

Food and Drug Administration (FDA) sued 25 drug stores for allegedly selling illegal, substandard medicine between January and July, 2017, according to a report in the City News Daily yesterday. In 2016, FDA took action against 99 drug stores. “We have no judicial power to punish unlawful pharmacies. We can only take them to court,” […]

Myanmar tax dodgers warned with 10-year prison term

More than 60 businesses who are thought to be evading income tax were warned that they will face a maximum 10 year prison sentence if found guilty of evading taxes. The customs department issued the warning on April 7, saying that the law will be enforced after an educational period. “The country is facing tax […]