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90 Pct. of Money Laundering Cases Tied to Drugs

NAYPYIDAW—According to U Maung Maung Kyaw, director general of the Ministry of Home Affairs’ Bureau of Special Investigations, 90 percent of the money laundering cases his bureau investigates are tied to drugs. The bureau leads international money laundering investigations in partnership with the Central Bank of Myanmar, the Income and Revenue Department, the Department of […]

Casino operations to be legalised under new gambling law

Casinos will soon be able to legally operate in Myanmar after the 2018 Gambling Law is enacted in May, replacing the existing 1986 legislation. The new law, which includes recommendations from President U Win Myint, is now in the process of being approved in Parliament, which will resume after Thingyan in April. The updated law […]

Confusion emerges after foreign liquor ban

At a liquor store in downtown Yangon, bottles of whisky and wine are on display. Upon closer inspection, one soon notices that wines from Argentina to New Zealand are for sale, but only whiskies made locally are available. “Foreign liquors are not on display because we are not allowed to sell them,” the sales assistant […]

Retailers hit with liquor import ban

Liquor retailers are no longer allowed to sell imported brands, as it is a violation of Ministry of Commerce regulations. The ministry hasn’t allowed the import of alcohol, beer and cigarettes, except by duty-free shops and a few high-end hotels, since the days of the military government. However, the General Administration Department under the Ministry […]

Unlicensed forex traders hauled in for questioning

Investigations are under way on several “Lay Patkar” traders, or unlicensed speculators dabbling in illegal trading of foreign exchange, a senior official from Yangon Police Force told The Myanmar Times. After the dollar-to-kyat exchange rate hit a high of K1,642 in the local market on September 20, four dollar traders from Shwe Bon Thar Street […]

Consultation on draft mining EIA guidelines begins

Comments are invited on the two draft documents intended to guide those undertaking Environmental Impact Assessments (EIA), Initial Environment Examinations (IEE) and Environmental Management Plans (EMP) for the mining sector, including gemstones and jade, before June 15. This serves as part of efforts from the Myanmar Centre for Responsible Business (MRCB) to follow up the […]

Could Myanmar Get Its Foot in the Door When it Comes to Gambling Legalization?

The gambling industry is in a constant state of development and progress and this could be easily seen when the focus is on the developing markets. One such example of a country attempting to make a move and explore the vast opportunities provided by the gambling industry is Myanmar. Also known as the Republic of […]

Casinos may be allowed to operate after gambling law amendment

Casinos will be allowed to operate in Myanmar after amendments are made to the Gambling Law by the Ministry of Home Affairs (MHA), is enacted, said U Aung Naing Oo, director general of the Directorate of Investment and Company Administration (DICA) this week. This comes after five regional and state chief ministers from Mandalay, Tanintharyi, […]

After year’s delay, ministry has yet to issue liquor licenses to 1400 businesses

After almost a year, more than a thousand hotels and guest houses are still waiting for the Ministry of Home Affairs to give them official liquor licenses. “But they [the ministry] has still not responded about the liquor license issue,” U Myo Win Nyunt, director of the Hotel and Tourism Ministry, told The Myanmar Times […]

Uniforms of private security guards to be standardized

Uniforms of employees of private security companies will be streamlined to a specification to be determined by national police, the Ministry of Home Affairs said Wednesday. The ministry’s move was prompted by a need for a standard dress code because employees of private security companies often wear uniforms that resemble those worn by police or […]