Highlight Myanmar News
Chinese yuan to be exchanged on local foreign exchange market
The Central Bank of Myanmar on Tuesday issued a directive that allows Chinese yuan to be exchanged on local foreign exchange market, Xinhua reported.
CBM allows trading Chinese and Japanese currencies
The Central Bank of Myanmar has allowed the buying and selling of Chinese and Japanese currencies. As per the instruction (16/2021) issued on October 12, all the banks holding authorized dealer licenses and all the companies and organizations holding money changer licenses will be allowed to trade Chinese Yuan and Japanese Yen, in addition to the already permitted five foreign currencies under
Plunging currency, dollar drought worsen Myanmar economic crisis
YANGON (BLOOMBERG) - Myanmar is battling a plunging local currency amid an unprecedented United States dollar shortage, driving up the cost of imports and worsening the economy's struggle with dual challenges of the pandemic and post-coup financial isolation.
Exchange Rate Updated
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Highlight Law and Regulation
Myanmar Enacts Copyright Law
Myanmar’s Copyright Law was finally enacted into law on May 24, 2019, effectively repealing the old Copyright Act of 1914. The law lays out the new legislative framework for the protection of literary and artistic works and other related rights, to be implemented through administrative bodies and subsidiary regulations that will be issued in due course.
Timeline Set for Changes to Import/Export Licensing and Registration Requirements in Myanmar
The Myanmar Ministry of Commerce has set the timeline for foreign-owned and joint venture companies importing or exporting specific categories of goods to apply for retail and wholesale services registration. These changes are outlined in Notification 23/2019 from Myanmar’s Ministry of Commerce (MoC) supporting last year’s opening-up of retail and wholesale to foreign companies.
New Consumer Protection Law Enacted in Myanmar
Pyihtaungsu Hluttaw Law No. 9/2019—Myanmar’s new Consumer Protection Law—was enacted on March 15, 2019, repealing the previous law and providing a clearer legal framework for the protection of consumers in Myanmar. The date of implementation is March 15, 2019, with the exception of the product label requirement, which will enter into force one year after the date of enactment.
Myanmar Passes Patent law
Pyidaungsu Hluttaw Law No. 7/2019—Myanmar’s Patent Law—was enacted on March 11, 2019, providing a framework for the protection of inventions related to products and processes. This is the first legislation specifically addressing the protection of patents in the history of Myanmar.
Myanmar Passes Industrial Design Law
On January 30, 2019, Myanmar’s long-awaited Industrial Design Law—the first legislation specifically addressing the protection of industrial designs in the jurisdiction’s history—was passed into law. The law lays out a comprehensive framework for the protection of rights over the external visual design of objects (i.e. the aesthetic design, rather than the practical). It will be implemented through administrative bodies (particularly the Intellectual Property Office) and enabling legislation that will be established and implemented in due course.
Updated Last Activities
"Here with You" Oxygen Donation
On 27 Sep, TBAM has officially handed over the donation to Myanmar
Red Cross Society through the collaboration of Thai Red Cross Society
and Royal Thai Embassy, Yangon. The main donation is 300 47L
Oxygen cylinders and refilling 9,000 existing ones, plus medical
equipment, totRead More
โครงการส่งต่อความห่วงใยให้พี่น้องชาวไทยที่อยู่ในประเทศเมียนมาจากสถานการณ์โควิด -19 สามารถติดต่อมายังสมาคมนักธุรกิจไทยในเมียนมา(TBAM) เพื่อขอรับการสนับสนุนทางด้านเวชภัณฑ์เบื้องต้นตามรายละเอียดด้านล่างนี้Read More
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