Articles
30
Aug
2019
Myanmar Passes New Law for Land Acquisition, Resettlement and Rehabilitation
On 19 August 2019, the Union Parliament of Myanmar, Pyidaungsu Hluttaw, enacted Land Acquisition, Resettlement and Rehabilitation Law (Pyidaungsu Hluttaw Law No. 24/2019) to replace the colonial-era Land Acquisition Act (1894) as well as to provide a legal framework for resettlement and rehabilitation for the first time in Myanmar. Highlights of this note Overview What’s […]
30
Jul
2019
How to Create a Tidal Wave of Foreign Investment in Electricity and Infrastructure? By These 5 Steps.
Not much works without electricity, and not much moves without roads, ports and railways to move it on. Infrastructure, including electricity, is the obvious key to unlocking the huge economic potential of Myanmar and the road to prosperity for its people. Highlights of this note We need to improve Myanmar’s reputation by fast-tracking and completing […]
31
May
2019
Change of the Income Year in Myanmar: What Do Companies Need to be Aware of?
On 28 May 2019, the Internal Revenue Department (“IRD”) of the Ministry of Planning and Finance (“MOPF”) announced a change to the income year (formerly from 1 April to 31 March) of private and cooperative sectors (“taxpayers”) to 1 October to 30 September, effective from 1 October 2019. As a result, the taxpayers will have a […]
30
Nov
2018
PFI: “Myanmar Reforms Sparks Major Projects Pipeline” (VDB Loi Insights)
Energy and Infrastructure Team PFI: “Myanmar Reforms Sparks Major Projects Pipeline” Myanmar is undertaking a series of reforms, both in terms of laws and policies, that strengthen the country’s attractiveness for energy and infrastructure projects.
28
Nov
2018
Prequalification Applications Submitted for The Yangon Expressway Project
A total of 12 prequalification applications have been received by the Ministry of Construction on 13 November 2018 for the first phase of the Yangon Elevated Expressway project. As expected, and given the size of the project, most of the applicants are consortia.
19
Feb
2018
Myanmar Progress Report (2017-2018)
As in previous years, we like to update our clients at the beginning of each year on the progress we made as a firm in the previous year.
31
Jan
2018
MONREC issues first ever Environmental Compliance Certificate
The Ministry of Natural Resources and Environmental Conservation (MONREC) has just issued what we were told is their first ever Environmental Compliance Certificate (ECC). The ECC is in a letter format and confirms that the applicant’s Environmental and Social Impact Assessment is in compliance with the requirements of the Law on Environmental Conservation (LEC). It […]
31
Jan
2018
Updated list of MIC Team Members
The Union Government of Myanmar has issued an updated list of members for the Myanmar Investment Commission. This list is in effect starting from 18 January 2018. There are only a few changes compared to the previous list of members. Please see the list below. 1 Chairman U Kyaw Win Union Minister Ministry of Planning […]
29
Dec
2017
New rules for government tenders (VDB Loi insights this month)
Myanmar has precious little regulation governing Government tenders, but what it does have, has just been revamped and enlarged. Presidential Notification 1/2017 dated 10 April 2017 (the Notification) has reset and strengthened rules on certain types of Government procurement.
29
Dec
2017
Invitation for Local and Foreign Investors to Invest in Logistics Services
MIC has issued an invitation welcoming foreign and Myanmar citizen investors to invest in Logistics Services at the major cities of logistics and trading hub. The sectors of investment  included in the invitation are Dry Port Services, Bonded Warehouse Services, High-way Bus and Freight Terminals and Warehouses & Wholesale Centers. It is also written that […]
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