Japanese company opens USD 5mn factory

Japanese company opens USD 5mn factory

Oshimanoki, a 100-year-old Japanese producer of rice processing machinery, has officially opened its first factory to produce such machinery in the Thilawa SEZ.
Parliament passes gemstone bill amid criticism

Parliament passes gemstone bill amid criticism

Myanmar’s parliament has passed a controversial bill governing the gemstone sector, paving the way to restart the licensing of mining companies after a two-year moratorium.
Red Dot stopped operations

Red Dot stopped operations

Disenfranchised agents of the now defunct Red Dot Network Ltd plan to file a court case against the payment-solutions provider
Trademark Law and Industrial Design Law enacted

Trademark Law and Industrial Design Law enacted

Myanmar has enacted legislation to protect intellectual property (IP) in another step forward for businesses in the country. 
Central bank to issue official remittance licences soon

Central bank to issue official remittance licences soon

The Central Bank of Myanmar (CBM) will grant official remittance Licences to authorized money changers within two months.
Yangon’s new city to start bidding process

Yangon’s new city to start bidding process

The government body in charge of developing the new Yangon city project announced that it will commence the bidding process in mid-February.