Myanmar

Myanmar Opens New Stock Exchange – Beginning of New Economic Era?

Posted on by

By: Fernando Vidaurri

Shwedagon PagodaOn December 9, 2015, Myanmar’s new stock exchange – the Yangon Stock Exchange (YSX) – opened with big expectations. However, despite the grand opening and the US $24 million investment, the bourse will not be operational until February of 2016, or later. So is this really the beginning of a new economic era, or is the new move by the administration being rushed before the country is ready?

Myanmar has come a long way from being isolated from the world community under a military regime, to becoming an attractive investment destination. In fact, during the fiscal year 2014-2015 Myanmar managed to attract US $8 billion in FDI despite some economic sanctions still being in place. However, the fact remains that there are still many factors that can keep the country from reaching its full economic potential. Still optimism is prevalent, and with many favorable factors aligning Myanmar seems to be at the right place at the right time for investors.

Continue reading…

ASEAN Regulatory Brief: Philippines’ New Tax Treaties, FDI Changes for Myanmar, and Ride Hailing Apps in Indonesia

Posted on by
LOGO-in-ASEAN-1

In this edition of ASEAN Regulatory Brief, ASEAN Briefing takes a closer look at new tax treaties negotiated by the Philippines, changes to Myanmar’s foreign investment laws, and ride hailing services in Indonesia.

Continue reading…

ASEAN Regulatory Brief: Brunei’s New Finance Rules, Eased Export Restrictions for Myanmar, and a Fight Against Graft in Indonesia

Posted on by
LOGO-in-ASEAN-1

In this edition of ASEAN Regulatory Brief, ASEAN Briefing takes a closer look at Brunei’s new finance regulations, the US’s eased export restrictions for Myanmar, and a fight against corruption in Indonesia.

Continue reading…

Nationality and Residence Requirements for Directors across ASEAN – Part Two

Posted on by

By: Dezan Shira & Associates
Editor: Steven Elsinga

In the previous article we began our discussion on nationality and residence requirements for member of the Board of Directors. We now continue with the remaining five ASEAN nations, where we shall come across both the most restricted and the most liberal regime. Vietnam will be examined separately at our sister website Vietnam Briefing.

Continue reading…

ASEAN Regulatory Brief: Myanmar’s Internet, SIM Card Regulation, and Thailand’s Business Collateral Act

Posted on by
LOGO-in-ASEAN-1

In this edition of ASEAN Regulatory Brief, ASEAN Briefing takes a closer look at regulations over Myanmar’s internet and mobile SIM cards, as well as Thailand’s new Business Collateral Act.

Continue reading…

Foreign Investment Restrictions across ASEAN: An Overview of the Region’s “Negative Lists” – Part Three

Posted on by

By: Dezan Shira & Associates
Editor: Steven Elsinga

This is the third installment in the series on FDI restrictions in ASEAN. Please click on the following to read Part One and Part Two

The final part of this series turns to the remaining three ASEAN nations: Malaysia, Laos and Myanmar. Of these, Malaysia is by far the most developed and has the most sophisticated and mature legal system. Here, we see that restrictions are mostly imposed due to domestic political reasons. Most investment restrictions specifically targeted at foreigners have been removed in recent years.

Laos and Myanmar are underdeveloped countries eager to attract foreign investment. As such, their investment policies are quite liberal on paper. However, as these countries are still in the early stages of developing a reliable rule of law, the situation on the ground may differ.

Continue reading…

An Overview of IFRS Adoption in ASEAN – Part Three

Posted on by

By: Dezan Shira & Associates
Editor: Maxfield Brown

ato-tax-refundIn this final installment on the Association of South East Asian Nation’s (ASEAN) adoption of International financial reporting standards, ASEAN Briefing touches on the state of harmonization in the Philippines as well as the regional bloc’s frontier economies. 

Unlike previous installments, nations covered herein present divergent opportunities for investment. The Philippines – an original member of ASEAN 6 – has a long history of financial reporting requirements, and its transition from national GAAP to IFRS is largely representative of previously covered member states.

ASEAN’s frontier economies on the other hand offer investors a relatively blank slate. The absence of preexisting regulatory infrastructure has enhanced and – in several instances – allowed swift and uncompromised convergence with international standards to take place. Although implementation of IFRS promises to reduce compliance costs for wholly owned foreign investment projects, lagging local penetration of accounting practices among other issues mandates a careful selection of local partners.

Continue reading…

ASEAN Regulatory Brief: New Shipment Inspection in the Philippines, Regulatory Shifts in Thailand, and Dollar Restrictions in Myanmar

Posted on by
LOGO-in-ASEAN-1

In this edition of ASEAN Regulatory Brief, ASEAN Briefing covers opposition by shippers in the Philippines to new inspection regulations, the splitting of the Thai aviation authority, and restrictions on the use of dollars in Myanmar’s tourism sector.

Continue reading…

ASEAN Regulatory Brief: Thai Interest Rates, Myanmar’s Anti-Money Laundering Measures, and New Links for the Philippines’ Stock Exchange

Posted on by

LOGO-in-ASEAN-1

In this ASEAN Regulatory Brief, we look at some of the important regulatory changes taking place recently in Thailand, Myanmar, and the Philippines.

Continue reading…

Myanmar Investment Update: Financial Incentives, Myanmar-EU Investment Protection Agreement, and a New Stock Exchange

Posted on by

Flag_of_Myanmar.svgBy Edward Barbour-Lacey

As Myanmar continues the process of opening up and liberalizing its economy, there have been a number of changes in the level of foreign investment that the country has been receiving. This has occurred in part due to the various new rules and regulations that the government has promulgated in its attempt to improve the country’s business environment.

In order to attract investment, Myanmar’s government has worked to improve its investment atmosphere through such measures as updating its legal structure and investment law, as well as modernizing its infrastructure. In particular, with regards to investment, the country has combined two of its investment laws – the Foreign Investment Law and Myanmar Citizens Investment Law.

Continue reading…

Scroll to top