Flexible rules for overseas insurance companies in Myanmar.
New rules have been announced relating to the funds required by an overseas insurance company, when operating in Myanmar. In the past, the capital fund required was set at $1…
KBZ Bank opens New York US Dollar settlement facility via SMBC
KANBAWZA Bank (KBZ Bank) Limited, part of the KBZ Group of companies, has confirmed that they now have USD settlement account facilities via the international bank, Sumitomo Mitsui Banking Corporation’s…
FocusCore finds synergy with Asia Green Development Bank (AGD)
FocusCore works with companies to help them complete all the necessary steps to incorporate their company in Myanmar. Now, when client companies visit FocsCore, an AGD Bank team can also…
Patriot Act. Section 311 – detailed information, FocusCore and your route to trading in Myanmar.
We have received many enquiries from companies seeking more information following our recent blogs - on the Executive Order from The White House for the removal of Sanctions, and on…
Record levels of foreign investment in Myanmar – why is this now important for your company?
Foreign Direct Investment has a catalytic effect on a country, which can trigger a sooner than expected demand for products and services. We have listed here many of the changes,…
Myanmar Business Visa’s explained
Any Foreign National who wishes to enter Myanmar, must obtain a visa unless he or she is a citizen of one of the eligible visa exempt countries (see below). All…
Myanmar – new products to be exempt of import licences
The Ministry of Commerce has announced an updated list of products, which will no longer require an import licence from 1 September. This is good news for importers and Myanmar…
A shopper chooses goods at an Aeon chain store in Tokyo July 6, 2011. Aeon Co, Japan's No.2 retailer, raised its full-year net profit forecast on Wednesday by a quarter because it cost less than expected to repair the damage its stores suffered in the March 11 earthquake and tsunami. REUTERS/Kim Kyung-Hoon (JAPAN - Tags: BUSINESS) - RTR2OINC
Retail giant ÆON Co., Ltd. announces a joint venture company in Myanmar.
Earlier this year in April, ÆON Co. Ltd., the largest retailer in Asia and Creation Myanmar Group of Companies Limited (CMGC) formed Aeon Orange Co., Ltd. Aeon Orange acquired assets…
Medical sector sees changes to import tax laws, favouring further import opportunities.
Changes have been announced that relate to the tax applied on medical products entering Myanmar. This was part of the role completed by The Myanmar Pharmaceutical & Medical Equipment Entrepreneurs…
New Investment law in Myanmar will benefit foreign investors and authorise IPOs for joint ventures
It has been confirmed that when the new Myanmar Investment Law is passed, one of the key changes will mean a stop to the benefits currently available for a five-year…