The Myanmar government has at long last announced that foreign insurers will be entitled to seek market access to its insurance sector in 2019. This note builds on our previous publication: Liberalisation of the Myanmar...more
Myanmar’s recently issued Notification 25/2018 liberalises its wholesale and retail trade sectors, allowing both 100% foreign and JV entities to operate in Myanmar. This update summarises the requirements that foreign...more
It has been a year since opposition leader Aung San Suu Kyi took office as State Counsellor in Myanmar, becoming the de facto head of the country’s first elected government in half a century. How is her National League for...more
The new Myanmar Investment Law came into force on 18 October 2016 and the implementing rules came into effect on 30 March 2017 along with the other relevant notifications which were all published recently. These instruments...more
On 30 March 2017, the Myanmar Ministry of Planning and Finance published the Investment Rules (the Investment Rules) completing the framework for the new and long-awaited investment regime in Myanmar established by the new...more
Following two years of consultation, Myanmar’s highly anticipated new investment law (the Investment Law) was approved by the Amyotha Hluttaw on 5 October 2016, having been approved by the Pyithu Hluttaw on 28 September 2016....more
On September 14, 2016, President Obama met with Myanmar’s leader, State Counsellor Daw Aung Suu Kyi, at the White House and announced the United States’ intent to remove economic sanctions against Myanmar (formerly known as...more
After a landslide victory in Myanmar’s general election held on 8 November 2015, Daw Aung San Suu Kyi’s National League for Democracy (NLD) government took office on 30 March 2016, with U Htin Kyaw named as President. ...more
The Myanmar Investment Commission (MIC) issued notification 26/2016 on 24 March 2016 amending the list of activities in which foreign investment is prohibited or restricted, repealing the previous notification that dealt with...more
In response to Burma’s peaceful and competitive elections in November 2015, on May 18, 2016, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) further eased U.S. sanctions against Burma (Myanmar). These...more