On 2 January 2019, the Ministry of Planning and Finance issued an announcement (Announcement No. 1/2019) inviting local and foreign companies to submit expressions of interest (EOI) and respond to requests for proposals (RFP) for operating an insurance business in Myanmar. This is considered a major step towards allowing foreign…
Development of the Project Bank Under the Notification issued on 30 November 2018, a project bank (Project Bank) will be established by the Ministry of Planning and Finance (MoPF) for the projects submitted by Myanmar government agencies (referred to as Implementing Government Agencies (IGA)), which plan to develop and implement…
Appointment of the Competition Commission The long-awaited Myanmar Competition Commission (Commission) has been appointed. Notification 106/2018 of the Union Government released on 31 October 2018 appointed the various members of the Commission. This is the next step towards the active implementation and enforcement of the Myanmar Competition Law 2015 (Law),…
The Mandatory Grain Port Code of Conduct (the Code) was introduced to address a perceived lack of flexibility in the previous Government regulation, the Wheat Export Marketing Act (WEMA). Even though it has only been in operation for little over half a year, the Code appears to be having that…
In September 2014, the Australian Competition & Consumer Commission (ACCC) took steps to simplify its immunity policy for applicants notifying of cartel conduct. The immunity policy acts as a whistleblower incentive for companies and individuals that have been involved in cartel conduct. The purpose of the immunity process is to…