As Thailand–Myanmar business ties continue to develop, stronger regional connectivity is creating new opportunities for companies operating across both markets. For businesses, these ties go
Entering a new market provides multinational corporations (MNCs) with a unique set of challenges. Navigating unfamiliar regulatory landscapes, managing compliance, and maintaining accurate records can
As we approach the end of the year, businesses across Myanmar are gearing up for a critical process: wrapping up their financial affairs. The financial
As the financial year is about to end, businesses are gearing up to chart their course through the ever-changing landscape of commerce. While innovation, market
As the financial market in Myanmar tries to reform from a collateral-based loan to credit-based system, having a GAAP accounting system to monitor the company’s
Founded in 1997, Lippotex Industries produced sportswear and knitted garments for export markets. Adapting the changes of market and world economy, they then expanded their
The mission of AMCHAM Myanmar is to promote and connect American business in Myanmar by encouraging local partnerships and upholding the highest business standards. The
Foreign Banks operating in Myanmar can now open branches across all of Myanmar to provide banking services to retail customers. This has been awaited eagerly
Insurance is an important global service – vital to commerce and private individuals. 1.) Why is insurance important to an emerging market? 2.) How does
International Chambers of Commerce in Myanmar from Australia, Britain, Europe (EU), France, Germany, Italy, and The United States have come together as signatories to publish
In our blog of last November we outlined the news of a new Directive, issued by the Central Bank of Myanmar (CBM), authorising wholesale banking
A service to provide background checks for lenders is finally going to open in Myanmar – Myanmar Credit Bureau Limited, MCBL. Over the last three
A new Directive has been issued by the Central Bank of Myanmar (CBM). Wholesale banking services are now allowed to be supplied by foreign banks
In October the Myanmar Investment Commission (MIC) launched the Myanmar Investment Promotion Plan (MIPP). The aim, to attract more than USD 200 billion over the
From 1st October 2018 insurance companies from overseas will be authorised to trade in Myanmar. This huge change for Insurance Companies, that also benefits all
The Central Bank of Myanmar (CBM) has now, as predicted, authorised overseas banks operating in Myanmar to offer facilities for exports AND imports. Previously, it
The Mynanmar Ministry of Commerce on 9 May authorised foreign firms to operate businesses with 100% ownership to provide wholesale and retail services in Myanmar.
This may be the most important blog we have ever written. Action is required by your company to protect trademarks even if already declared. If
Attention from local and overseas companies continues to grow with all eyes on the rule changes applying to companies operating in Myanmar. The changes are
In November 2017 an International Monetary Fund (IMF) team visited Myanmar. We include some of their key findings and some comments on 2017 from those
The Myanmar government has published policies seeking to operate state owned enterprises through private partnerships. There are also other partnerships, some of which we outline
It was in our January 2017 blog that we confirmed the arrival of a new player in the expanding Myanmar Telecoms marketplace. We also confirmed
A new logistics centre has opened in Myanmar, bringing together Damco a global provider of freight forwarding, chain management services and Myanmar-based construction company Star
Considerable work amalgamating many documents is now complete within a publication by the ILO for companies, employees and Government departments, offering guidance on regulations relating
Forecasts for Myanmar’s continuing economic growth are backed with excellent trading figures in 2017 and now positive forecasts for 2018. If you follow our blogs
There are calls from Myanmar Government Ministers for the remaining sanctions in the USA Patriot Act to be lifted. For example, problems arise when Myanmar
Since the removal of sanctions imposed by the USA, more American companies are keen to invest in Myanmar. This was confirmed by the US Ambassador
New priority areas have been confirmed by the Myanmar Investment Commission (MIC) to encourage investors. There is a new priority list stipulating ten areas. Investors
Products from Unison Collaborative are now available via a local source in Myanmar. FocusCore was chosen to help Unison Collaborative setup a joint venture in
WE DIT IT! Some time ago FocusCore received a call asking for help to obtain administrative licences and Government Approvals, to allow a new school
