Highlight Myanmar News
Corn Exports Talks with Thailand in the Works
Myo Sandar/Myanmar Business Today Traders from Myanmar and Thailand are planning talks on corn exports following offers from the Thai side to buy up to 1 million tons of corn per year. The two sides hope to sign an agreement in early 2020. Last year, Myanmar exported 700,000 tons of corn to Thailand.
Mandalay to Suspend SME Membership Application in December
Zin Thu Tun/Myanmar Business Today The Directorate of Industrial Supervision and Inspection (Mandalay) will suspend SME membership applications, both online and offline, throughout December to allow time for the agency to work on expanding the registration system and review existing data.
First Private Bank to Sell 35 Percent Stake to Foreign Banks
Myo Sandar/Myanmar Business Today First Private Bank, the only listed bank in Myanmar, will take on foreign partners, which by law can own up to 35 percent of its shares, the bank revealed at its November 24 annual general shareholders’ meeting. It has not yet named any potential partner.
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
TBAM Charity Run 2019
The first Charity Run was held on 5 December 2019 by TBAM together with Royal Thai Embassy in Yangon and Thai Yangon Runner with " 60 Minute Challenge" theme. Around 200 people joined running activity and TBAM hope that everyone who attended will be happy. TBAM willRead More
Joint Chambers Networking TBAM & EuroCham | 26 November
Joint ChambeRead More
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