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Govt Investment Body to Share Regulations for Companies Law Soon

YANGON — The Directorate of Investment and Company Administration (DICA) said it would release regulations relating to the new Companies Law before it takes effect on Aug. 1 with instructions on electronic registration, company constitutions and capital structures. “We submitted the regulations to the [government’s] Economic Committee already; the cabinets will review it later,” said […]

Delay in Companies Law Negative, but not Surprising

Implementation of the long-awaited Companies Law will be postponed until August 2018, Reuters reported Monday, citing top officials from Myanmar’s Directorate of Investment and Company Administration (DICA). Myanmar will delay implementing a new law that would have allowed foreign companies to take up to a 35 percent stake in local companies, bringing about badly needed reforms for […]

Timber industry faces challenges in the voluntary partnership agreement process in forest governance

“The government has concerns and the fact that is does not have the trust of multiple stakeholders is a challenge for the process. “Every change implies sacrificing the interests of certain people, or things, for a certain time but it will be a benefit in the long run, resulting in a sustainable enterprise,” he said. […]

Logging suspended along Bago Yoma for 10 years

Logging in Myanmar has ceased for this financial year with logging along the Bago Yoma mountain range ceasing for the next ten years, according to the Department of Forestry that operates under the Ministry of Natural Resources and Environmental Conservation. The Department of Forestry has stated that as of 2015 the mountain range is 26 […]