On January 2, 2019, Myanmar's Ministry of Planning and Finance issued an announcement inviting local and foreign insurers to submit their Expressions of Interest (EOIs) and/or Requests for Proposals (RFPs) for carrying out life and non-life insurance businesses in the country. Successful EOIs and RFPs will ultimately lead to the grant of licenses to operate in the jurisdiction. The following...

Thailand’s Office of Insurance Commission (the OIC) has issued two sets of requirements—collectively called the OIC Notifications Re: Conditions Relating to Issuing and Offering Insurance Policies of Insurance Companies, and Duties of Non-life Insurance Agents, Brokers and Banks 2018 (the Notifications)—imposing practical new requirements on life and non-life insurance and reinsurance...

The Government has issued Decree 157/2018/ND-CP dated 16 November on new minimum salaries which will be effective from 1 January 2019, replacing the previous Decree 141/2017 There are also some upgrades to the regional classifications The regions are defined in the Appendix to Decree 157. There are some upgrades made to the regional classifications in comparison with Decree 141, including: -...

Vietnam’s Ministry of Industry and Trade has just released Circular No.39/2018/TT-BCT (“Circular 39”) providing guidance on the procedures for inspection and verification of origin of exported goods before and after the issuance of certificates of origin (C/O). Circular 39 will come into effect on December 14 and includes two forms of examination, examination of dossiers, and on-site...