International Finance Corporationto invest US$3 million in ‘Oway Ride’ The International Finance Corporation (IFC), the investment arm of the World Bank, is proposing to invest US$3 million in the Oway Group (Oway), a travel booking website that operates ‘Oway Ride’, an Uber-like ride-hailing service in Yangon. Oway is seeking to raise US$10 million to fund […]
Myanmar Thilawa SEZ Holdings becomes second company to list on Yangon Stock Exchange After delays during the approvals process, Thilawa SEZ Holdings Public Limited (Thilawa) has become the second company to list on the Yangon Stock Exchange (YSX). Thilawa’s listing took place on Friday 20 May having originally being planned for March 2016. Thilawa’s share […]
Viettel to invest US$1.5billion in Myanmar The Government has issued Vietnam’s military-controlled telecommunications company the Viettel Group (Viettel) a licence to develop a telecommunication network across Myanmar. Viettel has announced that it will spend approximately US$1.5 billion to establish a 3G network between 900 MHz – 2100 MHz and expects to achieve 95% coverage in […]
Myanmar Investment Commission issues additional restrictions on foreign investment in Myanmar The Myanmar Investment Commission has issued a new directive granting ministries greater scope to make exceptions on a case-by-case basis when considering foreign investment proposals. Notification 26/2016 amends the list of economic activities which can only be carried out by joint ventures pursuant to […]
Central Bank of Myanmar issues four banking licences to foreign banks The Central Bank of Myanmar (CBM) has granted four new licences to foreign lenders following a second tender round aimed at increasing foreign participation in Myanmar’s banking sector. The banks to be licenced are The Bank for Investment and Development of Vietnam Ltd, […]
Siam Cement joint venture consults with residents affected by Mon State cement factory The Siam Cement Group (SCG) has announced details of the consultation process it has been conducting with residents in the vicinity of its new coal-powered cement factory in Mon State. SCG is developing the plant in cooperation with its local joint venture […]
Australian PanAust Group granted exploration licences under Myanmar’s new Mining Law Wuntho Resources Limited (Wuntho), a subsidiary of the Australian PanAust Group (PanAust), has become the first foreign mining company to be granted mining exploration licences since the passing of Myanmar’s new Mines Law in December 2015. Wuntho will have the right to explore and […]
2015 Mines Law – a step in the right direction for Myanmar’s mining industry Introduction On 24 December 2015 Myanmar’s parliament (the Pyidaungsu Hluttaw) passed Law No. 72 ‘An Act Amending the Myanmar Mining Law’ (2015 Mines Law). The 2015 Mines Law amends Myanmar’s outdated 1994 Mines Law. The Government first announced its intention […]
In this issue: China – 1. Revised “Provisions on the Recognition and Protection of Well-Known TM” promulgated by SAIC 2. CTMO’s explanation on division of partially rejected TM applications, pursuant to Art. 22 of the Implementing Regulations of the New TM Law 3. Design patents for graphical user interface designs granted inChina […]
We are pleased to inform you that our Director Ms. Wubin Yan and Trademark Attorney Ms. Chunchun Zhao will be attending the 2014 China Trademark Festival and Annual Meeting to be held in Suzhou from November 7 to November 10, 2014. Should any colleagues from your firm participate this event, we would be very happy to […]
International Referral, the world’s largest exclusive network of advisory firms is delighted to introduce Joseph Lovell of BNG Legal. Joseph has joined IR as our exclusive Corporate Law member in Cambodia and Myanmar. Joseph Lovell, a Senior Legal Advisor at BNG Legal, is Head of the China Desk and the Banking & Finance Practice Group. He […]