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Trademark Law and Industrial Design Law enacted

Myanmar has enacted legislation to protect intellectual property (IP)in another step forward for businesses in the country. On January 30, the Trademark Law and Industrial Design Law were passed into legislation by the Pyidaungsu Hluttaw. However, both laws provide that they will be effective only after a notification is issued by the President of Myanmar. […]

More Singapore firms planning to invest in Myanmar in next two years

Singapore companies have big plans to expand in ASEAN over the next two years and Myanmar, with its growth potential and overall investment climate, is on the cards for many, according to a recent survey by the Singapore Business Federation (SBF). The survey, conducted from December 2017 to March 2018, collected views from 1036 Singapore […]

Don’t blame “economic malaise” on Rakhine, business groups warn, calling for less protectionism, gerontocracy

Two major business groups in Myanmar have warned against blaming all of the country’s economic woes on the northern Rakhine crisis, urging the government to tackle protectionism, involve the younger generation and provide clarity in the regulatory environment. The British Chamber of Commerce Myanmar (BritCham) said Rakhine is “far from being the sole or main […]

Retailers flag need to regulate e-commerce industry

The Myanmar Retailers Association last week submitted a request to regulate the e-commerce industry to Vice President U Myint Swe and the government’s Private Sector Development Committee during a meeting between the latter and local businesses. Retailers say that while a rising number of consumers are now purchasing goods from individuals and businesses online, many […]

Local startups call for greater private sector support, changes to tax regime

While local start-ups are increasingly becoming drivers of change in Myanmar, obstacles remain for new companies to expand their reach and properly execute their projects. Daw Hla Hla Win, CEO and founder of a Yangon-based education startup called 360ed which uses virtual reality and augmented reality applications to promote new ways of learning in Myanmar, […]

As demand rises, CarsDB seeks funds for further expansion in Myanmar

Ko Wai Phyo Kyaw, COO and co-founder of CarsDB, is seeing business take-off on the back of a recent change in the way consumers are buying cars in Myanmar. Now, the digital automobile classifieds site is ready to initiate new service offerings such as insurance and financing to expand further. With the recent policy shift […]

New retail directive well-received, but raises unanswered questions

Myanmar has taken pains to liberalise its economy and draw foreign investors to become more competitive. Over the past two years, it has rolled out major new legislation including the Condominium Law, Investment Law and Companies Law. This year, it released two new directives opening up the education and retail sectors to full foreign ownership, […]

MOEE invites open tender for sale of urea fertilisers, submission deadline: 29 June 2018.

THE Ministry of Electricity and Energy invited an open tender for the sale of urea fertilisers yesterday. The urea is produced by fertiliser plants operating under the Myanma Petrochemical Enterprise (MPE): 5,000 tonnes from No. 4 Fertiliser Plant (Myaungdagar) and 5,000 tonnes from No. 5 Fertiliser Plant (Kangyidaunt). The tender submission deadline is 12 p.m. […]

IRD will reward those who lodge complaints on businesses that fail to pay tax

The government is raising its efforts to collect taxes from commercial enterprises. Last week, the Internal Revenue Department said it will reward those who provide information on establishments that fail to collect commercial taxes, according to state media. Under the law, consumers who buy goods and services in Myanmar are liable to pay commercial taxes. […]

Bridge Work: Department of Rural Road Development, Invitation for Open Tender, Closing Date: 15 May 2018.

If your company has Request for Quotation (RFQ) or Tender Announcement that you want us to publish for FREE in the Tenders & Awards section of our website please submit to us at tender (at) consult-myanmar.com for our consideration. 1. The Republic of the Union of Myanmar has received a grant from Federal Republic of […]