Quarterly Business Magazine

Legal Matters

Bank of Korea Unleashes Surprise Rate Cut as Trade Risks Grow

The Bank of Korea unexpectedly cut its benchmark interest rate as it slashed economic growth and inflation forecasts, joining a growing number of central banks acting to shore up their economies. The BOK cut the seven-day repurchase rate to 1.5% from 1.75%. It now expects the economy to grow 2.2%...

J&J Promises Defense of Baby Powder, Opioid Claims Against It

Johnson & Johnson said that the health-care conglomerate will come out on the winning side of thousands of legal claims over its baby powder and opioid products. Last week, Bloomberg reported that the U.S. Justice Department was pursuing a criminal investigation into whether J&J lied about...

Legal Matters:

On November 18th, 2014, the Myanmar Ministry of Immigration and Population announced the Permanent Residence of a Foreigner Rules as per the rights included in Act 16 of Myanmar Immigration Laws, 1947. Many other countries have similar systems including Myanmar’s fellow ASEAN members: Brunei;...

Legal Procedures for Foreign Workers in Myanmar

After Myanmar has opened its doors to the world, investors around the world are rushing into the country to examine the business opportunities. As the country is trying to speed up the economic growth but lacks a skilled workforce, many businesses in Myanmar—both local and foreign—are trying to bring in experts from outside of the country. In this article, we will explain about the procedures and requirements for foreigners to work in Myanmar.

Legal Matters

In the previous issue of Crossroads, Legal Matters dealt with the process of obtaining an Investment Permit, known as Form 2, from the Myanmar Investment Commission (MIC). To continue, the following paragraphs will provide concise explanations for the rest of the Forms -3 to 12- pertaining to...

Doing Business in Myanmar

Under the new Foreign Investment Law enacted in November 2012, foreign investors are now allowed full equity ownership in various sectors of business in Myanmar. Additionally, they may enter into partnerships with both local and foreign partners, enter into joint ventures in private or public...

Foreign Investment Law 2012

As Myanmar opens for business, global firms are joining the gold-rush to tap what is possibly the last frontier market in Asia. But the country has been relatively closed off for decades and as such, doing business in Myanmar can be very complex for foreigners. The most difficult, perhaps, is...
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