FIL
6
Feb
2019
CBM allows foreign investments in Myanmar banks
Since the implementation of the new Myanmar Companies Law (“MCL”) in August, the so-called 35% rule has been subject to interpretation by each government Ministry. Slowly, we have been seeing updates from Ministries on whether they will allow 35% foreign shareholding in various sectors. On 29 January 2019, the Central Bank of Myanmar (“CBM”) issued […]
31
Jul
2018
Fintech in Myanmar
Under the Foreign Exchange Management Law (2012) (“FEML”), “foreign currency” includes postal orders, cheques, bank drafts, payment orders, traveller’s cheques, letters of credit, bills of exchange, and promissory notes, coins and currency notes which are not in MMK.
TAX MLW KEYW
Website Security Test