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Myanmar Legal Framework Sector Research Highlights

Myanmar Legal Framework Sector Research Highlights
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One of the fastest-growing economies in South-east Asia, Myanmar has been steadily opening up to international trade and investment over the past decade. A new long-term economic development agenda, alongside ongoing liberalisation and the easing of restrictions on foreign investors – notably, within the insurance sector – and considerable growth in some manufacturing segments, is set to encou

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Viewpoint:Cheah Swee Gim After taking office in 2016, the National League for Democracy continues to work to improve the legal framework for facilitating business development in Myanmar. Now that the dust has settled from a series of changes, Myanmar has begun to try to effectively execute the reforms promulgated in past years. However, that is not to say that there were not significant changes…

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Myanmar has been one of the fastest-growing South-east Asian economies for over 25 years, and the country’s macroeconomic performance has continued to experience gains in 2018. Efforts to encourage private sector activity have been detailed in a new long-term development agenda, and recent legislative reforms should further bolster business activities. While external economic headwinds and inter

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This chapter examines the legal system of Myanmar, focusing on the implementation of the Myanmar Companies Law and its online portal, the new Competition Commission and anti-corruption code, adjusted capital requirements for foreign firms and joint ventures and the increase in minimum wage in March 2018. It also contains a viewpoint from Cheah Swee Gim, Director, Kelvin Chia Yangon.…

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Viewpoint:Cheah Swee Gim Following almost six decades of isolation, Myanmar reopened its doors in 2011. The country has since significantly modernised its legal system. The government has made concerted efforts to replace antiquated legislation that dates back to the British colonial era, plug legal loopholes, and build public awareness of the importance of laws and corporate social responsibility. Notably,…

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