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.
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.
In this ASEAN Regulatory Brief, we look at some of the important regulatory changes taking place recently in Thailand, Myanmar, and the Philippines.
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.
Earlier this week Jiang Zhengxin – vice general manager of China United Telecommunications Corp. –revealed that the company has been contracted to construct China’s first international undersea internet cable linking China and Myanmar.
According to the Securities and Exchange Commission of Myanmar (SECM), all transactions on the soon to be opened Yangon Stock Exchange (YSX) will be commercially taxed.
A new section of the planned Asian highway linking India, Myanmar, and Thailand has become operational. The 25.6 kilometer roadway will reduce travel time between Thinggan Nyenaung and Kawkareik from three hours to 45 minutes.
The fifth part in our comprehensive look at how doing business in ASEAN compares with China, this time focusing on Myanmar.
Myanmar’s Deputy Finance Minister, Maung Thein, has announced that the over-the-counter Myanmar Securities Exchange Centre (MSEC) will be replaced with the Yangon Stock Exchange in October 2015. So far, ten companies are expected to meet the criteria for initial listing on the exchange.
On December 9th, the Second ASEAN-OECD Investment Policy Conference was held in Jakarta, Indonesia, to discuss the continued facilitation and promotion of ASEAN investment for regional integration. The event brought together ASEAN investment policy makers, Organization for Economic Cooperation and Development (OECD) members, and industry leaders, to showcase ASEAN’s regional investment integration achievements since the first conference in 2010. Included at the conference was the release of the OECD’s Investment Policy Review of Myanmar, which marked the country as one to watch heading into 2015.