Day: March 31, 2020

Govt announces priority sectors for emergency loans in Myanmar

Govt announces priority sectors for emergency loans in Myanmar

The committee set up by the government to handle the economic impact caused by the COVID-19 pandemic has issued a statement on which sectors of the economy would be prioritised for emergency low-interest rate loans that are part of a stimulus package. Cut-make-pack enterprises in the garment industry, hotels and tourism businesses, and small and medium […]

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Myanmar enacts new insolvency legislation

Myanmar enacts new insolvency legislation

Myanmar enacted a new insolvency law on March 25, the new legislation will facilitate the government in managing and dealing with cases involving insolvency in Myanmar and is expected to strengthen the business environment and draw more foreign investors to the country. The Insolvency Law linking to the Myanmar Companies Online Registration, which has 425 […]

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