Daily Archives: June 27, 2025

The Central Bank of Myanmar (CBM) has actively injected foreign currencies into the market throughout June 2025 to stabilize the foreign exchange rate and combat currency devaluation. In particular, CBM focused its sales on essential import sectors, including edible oil, fuel, and general commodities. CBM injected US$1.479 million in edible oil importers on 25 June, using funds from Cutting, Making, and Packaging (CMP) companies.A day earlier, on 24 June, over US$870,000 and 700,000 yuan were sold to similar firms.CBM announced on 23 June to pump US$30 million into the fuel oil sector. CBM sold $464,500 to edible oil importing companies and over $496,000 to commodity-importing companies on that day after injection of over 16,540 yuan into the market. CBM sold over $600,000 and 387,000 yuan on 20 June. Furthermore, it sold $800,000 to edible oil-importing companies and over $503,000 from its designated injection into commodity-importing companies.

Source: The Global New Light of Myanmar

In May 2025, the Directorate of Investment and Company Administration (DICA) removed 400 companies from the register for failing to file their annual returns (AR) on the MyCO system. Earlier this year, 1,500 companies in both January and February and 900 in March also failed to comply. However, no company missed AR submission in April.

Companies who fail to file ARs within 13 months risk suspension, and under Section 430(F) of the Myanmar Companies Law, they would be struck out if they are not corrected within 6 months, according to DICA. Companies must pay a total of K250,000 in penalty to reinstate their registration.

Since 2018, over 19,000 companies have failed to meet AR requirements. DICA urges all businesses—local, public, and overseas—to comply with filing rules to avoid penalties and ensure legal operation.

Source: The Global New Light of Myanmar