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31
Jul
2019
How to Create a Tidal Wave of Foreign Investment in Electricity and Infrastructure? By These 5 Steps. (VDB Loi Insights)
  INSIGHTS THIS MONTH JULY 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 How to Create a Tidal Wave of Foreign Investment in Electricity and Infrastructure? By These 5 Steps. From our […]
30
Jul
2019
How to Create a Tidal Wave of Foreign Investment in Electricity and Infrastructure? By These 5 Steps.
Not much works without electricity, and not much moves without roads, ports and railways to move it on. Infrastructure, including electricity, is the obvious key to unlocking the huge economic potential of Myanmar and the road to prosperity for its people. Highlights of this note We need to improve Myanmar’s reputation by fast-tracking and completing […]
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
Power Surge at MOEE
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”) . Highlights of this note New Managing Director at 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 […]
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 […]
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