FMI ‘first and only’ company to list on YSX, says Pun

First Myanmar Investment (FMI) Company will be the first, and for the time being the only, company to launch an initial public offering (IPO) on the Yangon Stock Exchange (YSX) when it opens later this year, according to company chair Serge Pun. Speculation over which firms will attempt to list has intensified as the exchange […]

Yangon stock market launch in 2015

The Yangon Stock Exchange (YSE), which will replace the Myanmar Securities Exchange Centre (MSEC), will be launched in Myanmar by October 2015. Myanmar’s Deputy Union Finance and Revenue Minister Maung Maung Thein confirmed the launch while speaking at a software donation event at the Myanmar Insurance Enterprise on Sept 28 in Yangon, DVB reported. The […]

Myanmar firms compete for place on Yangon Stock Exchange

Yangon – Myanmar will allow five companies to be listed on the Yangon Stock Exchange when it is launched next year, local media reports said Monday. “Six local public companies have applied to be listed on the Yangon Stock Exchange and we have already granted permission to two companies,” Deputy Finance Minister Maung Maung Thein […]

Daiwa to help AGD bank’s transformation as public company

YANGON—Japan’s Daiwa Securities Group will assist locally-owned Asia Green Development (AGD) Bank to transform as a public company, sources say. The Memorandum of Understanding (MoU) to proceed with initial public offerings between the two organizations was signed on Monday at Kandawgyi Palace Hotel in Yangon. Daiwa is helping the government to establish a stock market […]

Firms face financial accuracy issues ahead of bourse launch

Myanmar companies might not be ready for the scheduled launch of the country’s stock exchange in 2015, officials and experts are warning. The lack of transparency and accounting efficiency on the part of firms wishing to develop initial public offerings could contribute to the slowdown of the much-anticipated launch, they say. Last month, officials developing […]

CB Bank to Issue Prepaid Debit Cards for Domestic, International Use

Burma’s Central Bank has given private lender Cooperative Bank the green light to issue internationally accepted prepaid debit cards, a senior Central Bank official said this week, in a first for the country’s antiquated financial system. The “Easi Travel” prepaid card was made available this week for pre-order, and holders-in-waiting are being told the cards […]

Banks Wait for Central Bank to Give Go-Ahead to International Cards

Two of Burma’s leading private banks want to begin issuing debit cards that can be used all over the world, but are waiting for the green light to do so from Central Bank, bankers said. Both the Cooperative Bank (CB Bank) and the Asian Green Development (AGD) Bank have teamed up with United States-based bank […]

MoneyGram extends international money transfer to Myanmar

MoneyGram International, Inc. has tied up with Asia Green Development (AGD) bank to facilitate international money-transfer in Myanmar. US based MoneyGram is a leading global money transfer company providing services in 79 countries. According to AGD bank Chairman Than Yi, Myanmar customers can now receive money from around the world at AGD bank branches. In […]