MP submits proposal to regulate massage parlours in Yangon region

Yangon – MP Thaung Kyaw, who represents Yankin constituency for from the ruling Union Solidarity and Development Party (USDP), submitted a proposal to parliament on December 8 to allow massage parlours in Yangon Region under rules and regulations. He said he submitted the proposal with the intention to reduce the number of illegal massage parlours […]

Protecting profits over people

Myanmar is in the process of formulating an investment law and a land use policy that when combined will lay the foundations of development for the country. As it stands, these proposed instruments could have an adverse impact on human rights, and in particular land rights. With these texts being shaped by international financial institutions […]

Stock exchange will protect investors, says deputy finance minister

A stock exchange must be established to help protect ignorant investors, Deputy Finance Minister Dr Maung Maung Thein said in the Amyotha Hluttaw on June. “If we do not establish a stock exchange, people may be cheated out of their money by others posing as public companies,” said Dr Maung Maung Thein. “During the rule […]

Myanmar to get credit insurance “this year”

Myanma Insurance will begin offering credit insurance, deputy finance minister Dr Maung Maung Thein announced last week. Speaking during a training session for the new product, he said that credit guarantees will protect sellers from non-paying buyers in the country’s increasingly risky marketplace. “In the past, we have been told that it is an unneeded […]

Bangkok protests ‘cannot hurt Myanmar tourism’—Ye Htut

BAGAN—Despite recent concerns about a possible decline in Thai tourist arrivals, anti-government protests taking place in Bangkok cannot hurt Myanmar’s tourism industry, the president’s spokesperson said today. Ye Htut, who is also the deputy minister for information, told Eleven Media on the sidelines of the ASEAN Foreign Ministers’ Meeting that the recent Bangkok shutdown would […]

Intellectual Property Group to Be Formed Ahead of Expected Law

YANGON — The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) will launch a Myanmar Intellectual Property Association ahead of the expected passage of an Intellectual Property Law by Myanmara’s Parliament, according to a UMFCCI official. Aye Lwin, joint secretary general of the UMFCCI, said at a seminar on intellectual property (IP) […]