Articles
2
Oct
2017
Will the Government Insist on MMK Tariff for PPAs?” (VDB Loi Insights This Month)
One of the many challenges facing private investors in public infrastructure in Myanmar is, increasingly, the currency issue. The Myanmar Kyat (MMK) has been in a slow but steady decline against the US$ since 2014.
2
Oct
2017
VDB Loi Voices Optimism on New Power Deals at Euromoney Conference
On September 13th, VDB Loi participated in the 5th Euromoney Myanmar Global Investment Forum in Nay Pyi Taw. Edwin Vanderbruggen was featured as the keynote speaker on the electricity panel, which addressed a number of concerns among the business community in this rapidly expanding sector. Amongst investors’ questions were which power sources are the most […]
2
Oct
2017
Producing and Exporting Gas: Myanmar Legal and Tax Developments
Myanmar is a country rich in resources and potential which currently has 16 onshore blocks and 19 offshore blocks in production. The offshore Yadana (TOTAL, Chevron and PTTEP) and Yetagun (Petronas, PTTEP) natural gas projects started production in 1998 and 2000 respectively under gas sales contracts to the Thai state oil company PTT. Highlights Government […]
2
Oct
2017
Government Will Soon Start to Accept Proposals for 3 Tendered Airports
A “market sounding meeting” was held on 29 September to exchange some preliminary ideas on the Government’s tender for the Heho, Mawlamyine and Kawthaung Airports. The Government had earlier launched tender application forms which were available for purchase. Some 50 to 60 companies had purchased the set per airport, with most of the interest going […]
29
Sep
2017
VDB Loi submits commentary on draft Laws to Hluttaw
VDB-Loi’s comments on the draft Law on Registration of Deeds and the Law Amending the Farm Land Law have recently been submitted to the Amyotha Hluttaw (Lower House). As the situation currently stands, the Amyotha Hluttaw will submit VDB-Loi’s comments to the Pyithu Hluttaw (Upper House) with their additional commentary after discussions. Upon a recent […]
27
Sep
2017
Myanmar Kyat or US Dollar for Power Purchase Agreements: Will the Government Insist on Myanmar Kyat Tariffs?
One of the many challenges facing private investors in public infrastructure in Myanmar is, increasingly, the currency issue. The Myanmar Kyat (MMK) has been in a slow but steady decline against the US$ since 2014. Highlights More pressure to accept MMK tariffs Tariff entirely in MMK Tariff in US$ but payable in MMK Tariff in […]
25
Sep
2017
Myanmar LNG Update 2017
On 9 September 2016, the Myanmar Ministry of Electricity and Energy (MOEE), through the Myanmar Oil and Gas Enterprise, (MOGE), published a request for Expressions of Interest for the “bulk supply and or terminal of LNG in Myanmar”. Highlights The Myanmar government’s interest in LNG How much LNG does Myanmar need?   No long term […]
20
Sep
2017
THE DAM LAW OF 2017
The new Dam Law of 2017 (the “Law”) is only pertaining to the duties and rights of the authorities, maintenance and protection of dams, compliance before construction of dams, preventive measures for overflow of water, and payment of compensation to land losers. It does not clarify on the factors which would affect the hydropower projects […]
15
Sep
2017
Corporate M&A Myanmar Update 2017
Tough cuts to tax holidays for expansion and reinvestment in 2017 Investment Rules | Applying for an MIC Permit under Myanmar’s New Investment Rules | The Ministry of Industry continues its recent spree of privatizations with two new tenders | Myanmar dramatically cuts list of 92 activities requiring a local partner down to 22 | First ever transfer of shares from a Myanmar company to a foreigner
15
Sep
2017
Banking & Finance Myanmar Update 2017
Towards a policy on government guarantees for public-private partnerships in Myanmar | Stamp duty aspects of financing instruments | Foreign lending and security in Myanmar:Overview and the latest updates | A critical first look at Myanmar’s new arbitration law | Update on use of foreign currency in Myanmar
Website Security Test