09Apr
Central Bank of Myanmar releases Foreign Bank License and Approval of Equity Participation in Domestic Bank

Central Bank of Myanmar releases Foreign Bank License and Approval of Equity Participation in Domestic Bank

On 9th April 2020, the Central Bank of Myanmar announced to grant preliminary approval to prepare for commencement of operations in Myanmar to seven (7) Foreign Banks.The preliminary approval is valid for 9 months during which the successful Applicants will have to fulfill the commitments made in ... Read More
08Apr
European Union to Myanmar announces emergency cash fund for garment workers

European Union to Myanmar announces emergency cash fund for garment workers

On Wednesday 8th April, the European Union has announced the creation of a €5 million [almost 8 billion Myanmar Kyat] emergency cash fund named “Myan Ku” to support thousands of Myanmar garment workers who have lost their jobs due to the COVID-19 pandemic.The COVID-19 crisis is disrupting the ... Read More
02Apr
TRACIT issues warning on fake, falsified and substandard healthcare products and medicines

TRACIT issues warning on fake, falsified and substandard healthcare products and medicines

The Transnational Alliance to Combat Illicit Trade (TRACIT) issued a statement, warning consumers about the risks and growing availability of fake, falsified and substandard medical and healthcare products and medicines. The organization, known for mitigating illicit trade across industry sectors ... Read More
01Apr
COVID-19 – 10 Key Questions on Important Employee-Related Myanmar Laws & Compliance

COVID-19 – 10 Key Questions on Important Employee-Related Myanmar Laws & Compliance

DFDL has released a set of answers to 10 key questions about employment-related laws and compliance issues in light of the situation on-the-ground in Myanmar, including the rights and duties of employers and employees.To get access to the note, click here.The information provided here is for ... Read More
30Mar
EuroCham Myanmar survey results on COVID-19 economic impact

EuroCham Myanmar survey results on COVID-19 economic impact

In March 2020, EuroCham Myanmar conducted a survey to map out the expected economic impacts with European businesses active in Myanmar. The purpose of the survey is to address concerns to the Myanmar government and to seek ways in which the authority may provide support.This study surveyed 33 ... Read More