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Central rubber market to open after legislation

A central rubber market will open in 2019 after the new Rubber Law has been enacted, U Khaing Myint, secretary at the Myanmar Rubber Planters and Producers Association (MRPPA), told The Myanmar Times. The drafting is expected to complete by late this year and, as the parliament is unlikely to have lengthy discussions, the bill […]

Myanmar stresses importance of rule of law for national development

YANGON, March 12 (Xinhua) — Myanmar State Counselor Aung San Suu Kyi has stressed the importance of rule of law and its effect on national development, calling for enforcing rule of law to achieve peace for development. Addressing the Conference on Justice Sector Coordinating for Rule of Law in the capital of Nay Pyi Taw, […]

Moscow steps up business with Nay Pyi Taw

At a Russia-Myanmar Intergovernmental Commission on Trade and Economic Cooperation (RMIC) meeting in Moscow last month, Russian commission chair Minister Maksim Oreshkin and Minister for the Ministry of Planning and Finance, U Kyaw Win, signed an agreement to set up a Russia trade representative office in Yangon. The trade representative office should be launched by […]

Migrant worker agencies to be graded on adherence to labour standards

A committee will be formed to prevent abuses by and protect migrant workers against unscrupulous overseas employment agencies, according to the Myanmar Overseas Employment Agencies Federation. Committee members will include a representative from the Ministry of Labour, Immigration and Population, an anti-trafficking police officer, a legal expert, a labour expert, a representative from overseas employment […]

Regional government happy to keep the bribes flowing

On December 12, Yangon Region Hluttaw representative U Thaung Kyaw submitted a proposal to “make a law and allow massage parlours in Yangon Region to operate according to a legal framework”. The proposal was defeated. But it’s worth looking more closely at the points made by U Thaung Kyaw and Daw Nyo Nyo Thin, who […]

Crunch Time for Copycats?

YANGON — Imagine for a moment a billboard in downtown Yangon that reads “Kandawgyi Fried Chicken… It’s finger lickin’ good!” Kentucky Fried Chicken will soon enter Yangon’s fast food market, and you can be sure the company will be concerned about preventing any upstart business using words or images similar to its trademarked brand. But […]

DICA confident of hluttaw approval on combined investment law

A planned amalgamation of two of Myanmar’s investment laws is set to proceed smoothly ahead of the ASEAN Economic Community in 2015, making it easier for both foreign and local investors to conduct business under a more modern and comprehensible framework, a senior government said. The current rules, which are set under the 2012 Foreign […]

Myanmar to legislate on computer software

YANGON — Computer professionals and government officials will form a committee to legislate on the import and export of computer software, according to Myanmar Computer Professionals Association (MCPA). “There is still no legal structure for software import/export in our country. Taxes on them are also yet to be decided. This is a requirement for the […]

Myanmar Property: Pros and Cons of investing in the region’s last frontier market

My visit to Myanmar about a year ago, including inspection of raw land, office buildings, serviced apartments and hotels, reminded me of when I first started working with CBRE Thailand 25 years ago. The key difference is that I now have a thorough knowledge of the property market, whereas in 1988 I was still new […]