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Draft Companies Law designed to remove obstacles for foreign investment

A new Myanmar Companies Law currently being drafted by legislators will remove cumbersome restrictions and make foreign investment easier, said Dr Myat Nyana Soe, the secretary of Amyotha Hluttaw Bill Committee. “The draft law was approved by Amyotha Hluttaw and the amendments made by Aymotha Hluttaw and Bill Committee are already submitted to Pyithu Hluttaw. […]

Increased investment and trade for Myanmar

U Aung Naing Oo, the Director General of the Directorate of Investment and Company Administration (DICA), said the Myanmar Investment Commission (MIC) has approved 26 domestic and foreign companies to conduct investment in Myanmar. Nineteen of the approved companies are foreign businesses. They include 12 companies from the industrial sector, 1 company from the livestock […]

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 […]