The government will install a new vehicle licensing system under which a new domestic operator license will be issued to firms or individuals who own and operate vehicles for commercial purposes. The new system is expected to streamline and improve the existing transportation system in Yangon. Express bus operators and other vehicles used for tourism […]

Foreigners can start buying shares at Yangon Stock Exchange (YSX) starting from August, said U Aung Naing Oo, Director-General of Directorate of Investment and Company Administration (DICA) at an event to clarify the Myanmar Companies Law 2017 and company procedures on 23th July. The companies with a 35-per-cent foreign investment can offer trading service, insurance […]

 The Directorate of Investment and Company Administration (DICA) issued five notifications (56,57, 58, 59,60/2018), under the Myanmar Companies Law 2017, on 9 and 10 July 2018. Those notifications state requirements for public companies and business associations, prescribed fees and late lodgment fees, prescribed forms for an instrument of transfer for shares or other registrable interests […]

 The Myanmar Companies Online (MyCO) registry system will commence service on 1st August 2018 with the enforcement of the Myanmar Companies law 2017. All registered Companies and other entities under the Myanmar Companies Act 1914 and Special Company Act 1950 will be required to re-register on (MyCO) registry starting from 1st August 2018 to 31st […]

The Ministry of Planning and Finance released its latest notification (47/2018) on withholding tax, which replaces notification (51/2017) released on May 22, 2017. Effective July 1, an existing 2% withholding tax will be abolished on residents for payments involving cooperative business with the government, partnerships, joint ventures, companies, registered associations or organisations, cooperative societies, foreign […]

The National Committee on Minimum Wage announced on 4th May that the minimum wage will be Ks600 per hour and Ks 4,800 per eight-hour work day irrespective of the type or location of work. This minimum wage does not apply to small and familyowned businesses with less than 10 employees; it was noted in the […]

The Ministry of Commerce issued the notification 25/2018 on May 9, which authorizes 100 percent foreign-owned companies as well as joint ventures between international and domestic investors to allow engaging in retail and wholesale businesses. The liberalization measure aims to foster competition in the sector to provide more options, cheaper options and better options for […]

Ministry of Electricity and Energy: Invitation for Bid for National Electrification Project

Ministry of Electricity: Invitation for Open Tender (16/2018)