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YRIC nods 11 domestic, foreign enterprises on 29 March

The Yangon Region Investment Committee (YRIC) endorsed two domestic and seven foreign enterprises in the manufacturing sector and two foreign enterprises in the service sector, with an estimated capital of over US$11.606 million at a meeting 3/2023 held on 29 March at YRIC office.

Those projects will execute warehousing services and logistics services, hotel service business, rice milling and processing, manufacturing of clothes on a Cutting, Making, and Packing (CMP) basis, electrical wires, and production and exportation of aluminium, tin and copper. They will create over 4,000 jobs for the residents.

The manufacturing sector has attracted the most foreign investments in Yangon Region, with enterprises engaging in the production of pharmaceuticals, vehicles, container boxes, and garments on a Cutting, Making, and Packing (CMP) basis. At the meeting, Next, 12 companies raised general matters at the meeting and the YRIC gave green light to one enterprise for capital expansion of $0.62 million. 

Source: The Global New Light of Myanmar

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Service fees for trademark registration applications defined

In accordance with the trademark law, the fees to be paid according to the types of service related to the trademark registration application were published on 1 April. According to sub-section (j) of Section 8 of the Trademark Law, the fees to be paid for the type of service in connection with the application for trademark registration in line with the agreement of the Union Government are: K150,000 for the examination of acceptance of trademark registration application (TM-1), K100,000 for the review of reinstatement of an application due to failure of prescribed rules (TM-3) and K50,000 for the amendment of request for correction of error in an application (TM-4).

In addition, K50,000 for the request to limit the list of goods/services in an application (TM-6), K100,000 for the request to divide an application for registration (TM-7), K150,000 for the application to oppose a trademark application (TM-8), K50,000 for the request for certified copy of registration certificate (TM-9), and K50,000 for the request for amendment of registration of a trademark (TM-10), will be charged.

Furthermore, K300,000 for the application for renewal of trademark registration (TM-11), K100,000 for the application to register a transfer of ownership (TM-12), K100,000 for the application to register a licence of trademark (TM-13), K150,000 for the application for invalidation of a registered trademark (TM-15), K100,000 for the application for cancellation of a registered trademark (TM-16), K20,000 for the request for change of representative or agent (TM-17), K50,000 for the request for extension of time (TM-18), and K500,000 for the application for appeal (TM-19) must be paid. It is announced that the fees for the types of services related to trademark registration applications will be revised and published from time to time. 

Source: The Global New Light of Myanmar