MFI
30
Jun
2019
Power Surge at MOEE (VDB Loi Insights)
Quite an eventful week for the power sector in Myanmar with the announcement of new electricity tariff for customers, the issuance of tender documents for five rental projects as well as the appointment of a new managing director of the Electric Power Generation Enterprise (“EPGE”).
29
Jun
2019
INGOs and NGOs Providing Microfinance Services Are Required to Transform Into Corporate Entities in Myanmar
On 4 June 2019, the Financial Regulatory Department (“FRD”) issued a letter (“Letter”) directing International Non-Governmental Organizations (“INGOs”) and Non-Governmental Organizations (“NGOs”) which provide microfinance services to register as companies and apply for fresh Microfinance Business License (“MFI License”). MFI License issued previously Pursuant to the Letter, FRD had previously issued MFI Licenses to 3 […]
24
Jun
2019
MBSC’s directive on interest rates on micro-credits and savings
On 5 June 2019, the Microfinance Business Supervisory Committee issued Directive 1/2019 (the “Directive”) which revises the interest rates applicable to micro-credits and savings of the members.New rates of interest The Directive introduces an interest rate of 28% on micro-credit (the “New Rate”) and provides illustrations with regard to calculating the effective rate of interest […]
3
Aug
2017
New Law and Access Petro Products (VDB Loi Insights This Month)
A combination of recent law and policy developments has put in motion a tectonic shift for the fuel sector in Myanmar. Since a few months, foreign investors have a much larger access to invest in petroleum products businesses, and are no longer required to conclude a joint venture with the Ministry of Electricity and Energy (MOEE).
31
Jul
2017
Buying Shares in a Myanmar Microfinance Company
Foreigners looking to acquire a stake in a Microfinance Institution (MFI) are often faced with various hurdles. Without the proper guidance and know-how, it is quite difficult to navigate the regulatory requirements and legal challenges involved in such an acquisition. Here we simplify the steps involved for the benefit of potential investors. Approximately 168 MFIs […]
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