On 22nd December 2017, Myanmar Investment Commission (“MIC”) issued an announcement for foreign and local citizen investors to invest in logistics services re: Announcement of Invitation to invest in logistics services (“MIC Announcement”). Pursuant to the MIC Announcement, the MIC has invited investors to invest in the following business at major cities:- (a)  Dry Port... Read More

On 2nd January 2018, the National Committee for Setting the Minimum Wage (“National Committee”) issued the Notification No.1/2018 to propose the new minimum wage for all employees who work in Myanmar to Kyats 600/hour (Kyats 4,800/day with eight working hours) (the “Notification”). Currently, the minimum wage is Kyats 450/hour (Kyats 3,600/day). The related criteria of... Read More

 

 

The Payment System Act B.E. 2560 (“PSA”) was published in the Government Gazette on 16th October 2017.  It will become effective on 14th April 2018. The PSA empowers the Ministry of Finance (“MOF”) and the Bank of Thailand (“BOT”) to license, regulate and supervise payment systems and payment services in order to manage risk, security,... Read More