On 5th June 2019, the Microfinance Business Supervisory Committee (“MBSC”) issued the Directive No. 1/2019 on new interest rates for microfinance institutions operating in Myanmar, which will enter into force on 1st October 2019. The new interest rates are as follows:- 2.3% per month but not more than 28% per annum for microfinance loans calculated… Read More
On 4th June 2019, the Ministry of Commerce (“MOC”) issued the Notification No. 24/2019 (“Notification”) to allow foreign companies and joint venture companies to export 7 categories of local products subject to recommendations of the relevant authorities and/or other requirements listed below. The MOC may adjust the categories of the products depending on the local… Read More
The Consumer Protection Act (No. 4) B.E. 2562 (2019) (“Amendment”) was passed by the National Legislative Assembly (NLA) on 6th March 2019 to amend the Consumer Protection Act B.E. 2522 (1979) (“CPA”). It was published in the Government Gazette on 27th May 2019 and will come into force on and from 25th August 2019. The… Read More
INTA’s 2019 Asia Conference: Brands in Changing Times, October 17-18 in Kuala Lumpur will look into issues surrounding brand owners doing business in the region so that they may innovate, protect, enforce, and grow. With the global marketplace changing at record speed, brands and their legal teams must evolve with the times. So, if you… Read More
On 24th June 2019, the Director-General of the Revenue Department issued its Notification on Stamp Duties (No. 58) re: Procedures for Payment of Stamp Duties in Cash for Electronic Instruments. The Notification is effective from 1st July 2019. The electronic instruments made in a form of electronic data for the following transactions under the Electronic… Read More
The Ministry of Commerce issued its Ministerial Regulation (No. 4) re: Service Businesses Not Subject Foreign Business License to Operate in Thailand dated 13th June 2019. The regulation was published in the Government Gazette on 25th June 2019. The following service businesses are exempted from the 49% foreign ownership limit under the Foreign Business Act… Read More