The Thilawa Special Economic Zone (“TSEZ”) is a 2,500 hectares industrial complex being developed in Kyauktan and Thanlyin Townships, 25 kilometers from Yangon under a joint venture between the governments of Myanmar and Japan and some other private investors. As of October 2016, more than US$800 million have been invested in the TSEZ. A total… Read More
On 27th September 2016, the Foreign Bank Licensing Committee (“FBLC”) under the Central Bank of Myanmar (“CBM”) granted approval for two foreign banks, the State Bank of India and E Sun Commercial Bank Ltd. of Taiwan for commencing operations from 3rd October 2016. Foreign Banks with Current Licenses As of October 2016, 13 foreign banks… Read More
On the 18th of August 2016, the Cabinet approved in principle a Ministerial Regulation Draft (the “MRA”) and a Prime Minister’s Office Announcement (the “PMOA”) for relaxing certain rules of the Working of Alien Act B.E. 2551 (2008) (the “Alien Act”) for long-term foreign residents in Thailand. Under the MRA, foreigners who had been living… Read More
On 12th October 2016, the European Commission released the news that the Commission has awarded intellectual protection to Khao Sangyod Muang Phatthalung (“Phatthalung Rice”), a golden rice registered as a GI in Thailand 10 years ago, as a Protected Geographical Indication (“PGI”). It is described in the Official Journal of the European Union granting the… Read More
On 16th September 2016, the Prime Minister Prayut Chan-o-cha attended the opening of the ”Start-up Thailand and Digital Thailand 2016” event in Phuket. He reiterated the commitment of the Government to promote startups and to transform Phuket into a smart city. The ultimate aim of the Government is to digitalize the economy and society of Thailand so Thailand… Read More