restrictions

MIC to take action against foreign investment registering locally

December 15, 2014 by thiha

A crackdown is coming to foreign investment circumventing rules by registering under the names of Myanmar citizens, according to Myanmar Investment Commission (MIC) secretary U Aung Naing Oo. The commission first announced in early 2012 there would be a grace period for foreign investment to re-register properly and promised future action against offenders which did […]

Filed Under: Latest News Tagged With: Crackdown, doing business, foreign investment, land, local firms, MIC, register, restrictions, tax relief

Smaller foreign companies face restrictions on leases

November 5, 2014 by thiha

Smaller-scale foreign businesspeople are having difficulty securing long-term leases, which is hampering foreign investment, businesspeople say. Foreign businesspeople investing large amounts in sectors like manufacturing usually apply for permits through the Myanmar Investment Commission and can receive leases lasting up to 50 years, with the possibility of extensions. Investment that does not require MIC approval […]

Filed Under: Latest News Tagged With: Foreign Companies, land, leases, MIC permit., Myanmar Foreign Investment Law, restrictions

New auto restrictions may have little impact on quality of imports

November 12, 2013 by thiha

With traffic congestion in Yangon bad and road accidents even worse, experts and customs officials are worried that new rules aimed at deterring importers from bringing in old and potentially unsafe vehicles will do little to resolve the situation. Ministry of Commerce spokesman U Min Min told The Myanmar Times that beginning next year, the […]

Filed Under: Latest News Tagged With: Auto Market, Car Replacement, Customs Department, Jams and Accidents, Ko Win Ko, Kyaw Htwe, Ministry of Commerce, Nay Pyi Taw, restrictions, Road Accidents, Road Transport Administration, Rules, Traffic Congestion, U Min Min, Vehicle Models

Foreign ownership scheduled in Condo Law

November 12, 2013 by thiha

Foreigners will be eligible to own apartments on the 6th floor or above of condominiums, according to an official draft of the Condominium Law published on November 10 in The New Light of Myanmar. The full text of the draft law also specifies foreigners will be able to buy up a maximum of 40 percent […]

Filed Under: Latest News Tagged With: Apartments, approval, Building Management, Condominium law, Draft Law, Management and Maintenance, MInistry of Construction, property market, restrictions, Sixth Floor

Cultural Attractions

November 11, 2013 by thiha

Consult-Myanmar welcome you to the 27th SEA Games Myanmar, 11-22 Dec 2013 Myanmar has some priceless tourism attractions but they need careful management The building stands seemingly forgotten, overgrown with trees and creepers, the red brick-work crumbling, empty of people, the ruins surrounded by a barbed wire fence. The site looks dull and deserted, hardly […]

Filed Under: Latest News Tagged With: Aung San, Bagan, boom, Buildings, Colonial Times, culture, Free Public, Guides Association, Heritage Trust Organization, Historical Attractions, hotel rooms, Ko Ko Latt, military regime, Naypyitaw, Palace Tower, Priceless, Red Brick, Religious, restrictions, river cruise, Room Price, SEA Games, Shwedagon Pagoda, Temples, Thant Myint-U, Tourism Infrastructure, Wire Fence, Yangon

My Business: Running a newspaper in Myanmar

September 5, 2013 by thiha

What makes an entrepreneur? The BBC’s Ko Ko Aung spoke to Thaung Su Nyein about his experience running a media business in an environment where access to information has historically been restricted. When Thaung Su Nyein started media company Information Matrix in 2002, he only had initial capital of $5,000 (£3,200; 3,800 euros) pulled together […]