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31
May
2019
Myanmar About to Launch Power Barge Tender (VDB Loi Insights)
VDB Loi has received yet another award and is proud to be recognized as the Myanmar Tax Firm of the Year at the International Tax Review (ITR) 2019 Asia Tax Awards. Our Myanmar team is honored to be acknowledged along with various outstanding firms for excellence in providing tax advice to businesses in the region.
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
May
2019
10 Frequently Asked Questions about the Myanmar Industrial Design Rights Law 2019
As we mentioned in our previous article on the Myanmar Trademark Law 2019 [10 Frequently Asked Questions About the Myanmar Trademark Law 2019], the Myanmar Industrial Design Rights Law 2019 (the “Industrial Design Law”) was passed at the same time. Highlights of this note What kind of industrial design is registrable? Can I sell the […]
28
May
2019
Myanmar Power Barges: Legal and Tax Issues
Lack of electricity generation and the growing demand in power supply have led the government of Myanmar to resort to short-term power rental projects to feed electricity into the grid as early as 2014 when the government awarded a number of power rental projects to companies such as Aggreko and APR Energy. Highlights of this […]
8
May
2019
Central Bank of Myanmar provides a warning against the risks of transactions with cryptocurrencies
The Central Bank of Myanmar (the “CBM”), by an announcement on 3 May 2019, noted that it does not recognize digital currencies as legal tender in Myanmar (the “Announcement”). The CBM further stated that any persons that engage in transactions involving digital currencies act at their own risk.  The Announcement, which is cautionary in nature, […]
30
Apr
2019
VDB Loi Insights
  INSIGHTS THIS MONTH APRIL 2019   Highlight of This Month / In This Issue / Recent VDB Loi Work / New Myanmar Laws and Regualtions / Upcoming Events / Recent Publications HIGHLIGHT OF THIS MONTH   2019 edition of the Project Finance Market Intelligence publication by Getting the Deal Through, Southeast Asia   As […]
30
Apr
2019
Recent Directives by Central Bank of Myanmar
The Central Bank of Myanmar (the “CBM”) recently published several directives relating to corporate governance aspects of banks’ operation. Highlights of this note 1. Directive on Fit and Proper Criteria 2. Directive on Directors of Bank 3. Directive on Related Parties
12
Apr
2019
Celebrating Thingyan and Reflecting on a Successful Year With VDB Loi
With the recent celebration of our seventh anniversary as well as the upcoming Thingyan Festival in Myanmar, we at VDB Loi would like to thank you for your continued support. We are very pleased to share with you some of VDB Loi’s best moments and achievements over the past year. We are delighted to report […]
9
Apr
2019
2019 edition of the Project Finance Market Intelligence publication by Getting the Deal Through, Southeast Asia
VDB Loi contributed to the 2019 edition of the Project Finance Market Intelligence publication by Getting the Deal Through. VDB Loi team prepared a regional project finance overview for Southeast Asia. Please download the pdf version below.
5
Apr
2019
2019 Myanmar Insurance Market Liberalization for Foreign Investments: First Preferred Applicants Announced
MoPF announcement The Ministry of Planning and Finance of Myanmar has just announced[1] the preferred applicants for the licenses of life insurance business in Myanmar to be operated by 100% wholly-owned subsidiaries of  foreign insurers.  The list of selected applicants included: AlA Company Limited Chubb Tempest Reinsurance Limited Dai-ichi Life Insurance Company, Limited Manufacturers Life […]
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