Building on the export controls and sanctions measures already imposed by the U.S. government in February in response to the military coup in Burma, the Bureau of Industry and Security (“BIS”) imposed additional export...more
Further relief for Myanmar hotels - exemption on licence fees and deferment of land lease payments -
The hotel and tourism sector in Myanmar and across the globe has been severely affected by the COVID-19 pandemic. Since...more
Myanmar Government introduced its economic relief plan which sets out the proposed actions to be undertaken and actions already effected by the Myanmar Government and the ministries. The economic relief plan is intended to be...more
In recent weeks the Central Bank of Myanmar, the Ministry of Commerce and the Microfinance Business Supervisory Committee have introduced certain relief measures as a response to the economic effects of COVID-19. These...more
On 18 March 2020, Myanmar Ministry of Planning, Finance and Industry introduced income tax and commercial tax deferrals for hotel and tourism companies, small and medium enterprises and cut-make-pack (CMP) businesses...more
Further liberalisation of the Myanmar banking and financial services sector
The Central Bank of Myanmar (“CBM”) is making significant strides towards opening up Myanmar’s banking and finance sector. In the past few months,...more
Welcome to the latest edition of our Myanmar update for 2019. We have distilled the top news items into this summary 'speed read'.
Further liberalisation of the Myanmar banking and financial services sector -
The...more
The Myanmar Corporate Governance Scorecard 2018 was recently published as an assessment of the corporate governance practices of 24 Myanmar companies. It is published by the International Finance Corporation (IFC), in...more