Update
31
Jul
2018
Fintech in Myanmar (VDB Loi Insights This Month)
VDB Loi made the announcement of sponsoring the Myanmar Homegrown Mix Martial Arts fighter Phoe “Bushido” Thaw for the period of one year. The signing ceremony was held at VDB Loi office. Mr. Edwin Vanderbruggen, Senior Partner of VDB Loi stated that Phoe Taw demonstrates the warrior sprit which blends in with our value.
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.
31
Jul
2018
New Rules on Sanitizing Bank Overdrafts in Effects
In July 2017 the Central Bank of Myanmar (“CBM”) introduced a fresh set of four regulations (Notifications 16-19/2017 pertaining to capital adequacy, asset classification and provisioning, large exposures and liquidity ratio requirement respectively). Issued under the Financial Institutions Law 2016 (“Financial Institutions Law 2016”), for the most part these were reinforcements of the existing regulations […]
31
Jul
2018
VDB Loi Sponsors to MMA Fighter Phoe “Bushido” Thaw
VDB Loi made the announcement of sponsoring the Myanmar Homegrown Mix Martial Arts fighter Phoe “Bushido” Thaw for the period of one year. The signing ceremony was held at VDB Loi office. Mr. Edwin Vanderbruggen, Senior Partner of VDB Loi stated that Phoe Taw demonstrates the warrior sprit which blends in with our value. Phoe […]
29
Jun
2018
2% Withholding Tax Gone! (VDB Loi Insights This Month)
On the 15 June 2018 the Ministry of Construction (“MOC”), in partnership with VDB Loi, organized a landmark conference on Public Private Partnerships for Toll Roads in Myanmar.
28
Jun
2018
Ministry of Construction Decides to Promote PPP in Myanmar for Roads and Bridges
On the 15 June 2018 the Ministry of Construction (“MOC”), in partnership with VDB Loi, organized a landmark conference on Public Private Partnerships for Toll Roads in Myanmar. Highlights Overview Reports Panels First Step on the Road to Making the Yangon Expressway Project a Success
28
Jun
2018
VDB Loi to advise on Yangon Stock Exchange’s Special Task Force
A Special Task Force has been launched in cooperation with the Japan International Cooperation Agency (“JICA”), to provide consultation services to new companies interested in listing on Yangon Stock Exchange.  Companies wanting to list on the YSX have to hire an underwriter, law and accounting firm, and this process can be somewhat difficult. The Special […]
28
Jun
2018
Some Issues to Consider for Toll Road PPP Projects in Myanmar
The Union Ministry of Construction, in coordination with the Union Ministry of Transport and Communication, and the Yangon Regional Government seeks to implement its first ever elevated expressway, the Yangon Elevated Expressway. Highlights Situation of existing toll roads in Myanmar Myanmar has a lot of experience with toll road bot contracts, but not the right […]
28
Jun
2018
Public Private Partnerships for Myanmar Toll Roads Event held in Tokyo
VDB Loi held a workshop in Tokyo titled “Public Private Partnership for Myanmar Toll Roads”. There were more than 30 participants from developer companies, construction companies and banks. Edwin highlighted the key points to know when structuring a PPP project in Myanmar. Discussions were held about the prospects of road transportation projects in Myanmar. Topics […]
26
Jun
2018
DICA releases draft Category H forms for registration of matters relating to mortgages and charges
In preparation for the launch of the new electronic companies’ registry system, Myanmar Companies Online (“MyCO”), the Directorate of Investment and Company Administration (“DICA”) is preparing a set of prescribed forms to collect the information required to be submitted to the Companies Registrar under the Myanmar Companies Law 2017 (“MCL”). In order to raise public […]
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