DICA issues revised list of ‘out of touch’ companies

The Directorate of Investment and Company Administration has published a revised list of companies to be struck off its register, after receiving a number of complaints from businesses named on the list that are still operational. In August, the regulator issued a request for confirmation from all companies still in business, as it seeks to […]

Government to warn ‘illegal’ futures brokers

The government is to issue a formal warning to “illegal” online futures trading companies to stop trading once offices reopen at the end of the Myanmar new year holidays today, according to U Maung Maung Thein, deputy minister for finance. “They are not operating in accordance with related laws. And we are seriously afraid that […]

DICA licences not enough to allow futures trading, official says

The Directorate of Investment and Company Administration is registering companies to trade futures online, but it is not responsible for oversight of the business, according to deputy director Daw Nilar Mu. A number of companies have set up futures brokerages in Myanmar. They allow clients to trade through online platforms on international futures markets though […]