Search

Articles
22
Mar
2013
Myanmar Telecom Tender Committee on Experience Requirement, Foreign Joint Venture co’s, Consortium Changes, License
Today is a busy day for the telecom operators that are lining up for Myanmar’s 2 nationwide licenses. The “Telecommunications Operator tender Evaluation and Selection Committee” (the Committee) published, as promised, the “Pre-qualification Questions and Answers” (the Q&A). The 70 page document provides an insight into the Committee’s priorities, the required structure for the operators and some of the tender logistics. We analyzed the document and present here the issues we find the most notable:
21
Mar
2013
Leasing of real estate by foreigners
Like everything right now in Myanmar, the real estate market is hot. Foreigners and foreign-owned companies are not able to hold land or property in Myanmar, however this looks set to change imminently with the passing of a new condo law.
21
Mar
2013
Myanmar National Assembly votes to keep the 80% limitation for foreign investment in restricted business sectors
In a highly anticipated decision the Myanmar National Assembly voted on 18 March to stay with the 80% limitation on foreign investment in restricted business sectors set earlier this year per Notification 11 of the Ministry of National Planning and Economic Development.
4
Mar
2013
Myanmar starts with abolishing import and export licenses
In a move to facilitate international trade, Myanmar’s Ministry of Commerce has abolished the import license requirement for 166 types of goods and the export license requirement for 152 types.
4
Mar
2013
Myanmar’s Telecom Tender Prequalification Rules: The Key Points to Note
Myanmar’s “Telecommunications Operator Tender Evaluation and Selection Committee” (“the Committee”) has issued its rules for the prequalification of telco’s that are interested to bid on the two nationwide licenses in June this year.
23
Feb
2013
Myanmar National Assembly discusses reduction of foreign ownership in restricted sectors from 80% to 49%
The National Assembly has yesterday (22 February 2013) discussed a possible reduction to the maximum shareholding for foreign investment in certain restricted sectors from 80% to 49%.
15
Feb
2013
Game Change for Secured Lending and Mortgages in Myanmar
One of the key issues in the new implementing rules and regulations of Myanmar’s Foreign Investment Law relates to foreign loans and security for foreign loans. Chapter 11 of Regulation 11-2013 (sections 62 et seq.; “The Regulation”) now provides that foreign investors are allowed to establish security on land and buildings.
6
Feb
2013
Notification 1/2013 Myanmar Investment Commission full text translation now available
List of Business Activities Allowed for Foreign Investment. Notification No. 1/2013 (full text translation)
3
Feb
2013
Additional rules and restrictions on FDI to be released soon in Myanmar
We have obtained an advance copy of the Myanmar Investment Commission’s Notification 1/2013 which sets out a long list of additional rules and some restrictions on foreign investment in Myanmar. This Notification, which follows and adds to Regulation 11/2013 of the Ministry of National Planning and Economic Development (MNPED) which we commented on per email yesterday, has apparently been finalized but has not yet been officially released.
1
Feb
2013
Myanmar FIL regulations: up to 80% foreign share for joint ventures in restricted activity
VDB Loi has obtained an advance copy of the Regulations implementing the Foreign Investment Law.
Website Security Test