Myanmar likely to sell bonds

JAKARTA/KUALA LUMPUR — Myanmar’s licensing of foreign banks brings it a step closer to an initial sovereign bond sale to help fund $80 billion of power, transport and technology projects through 2030, according to the Asian Development Bank. The Manila-based lender estimates that Myanmar, which is emerging from five decades of economic isolation, will need […]

Japan to become catalyst for Myanmar stock exchange project

TOKYO — Japan Exchange Group and Daiwa Securities Group will invest several billion yen in a stock exchange being planned in Myanmar, providing broad support for creating capital markets in that country. The duo is working with the Myanmar government to set up an operating company as early as June. It will help the country […]

Capital-hungry Myanmar firms cautiously drawn to Singapore listings

“Many Myanmar business owners admire the reputation of Singapore Inc and look forward to raising their own prestige that comes with a Singapore listing,” said Kim Huat Chia, head of corporate & capital markets at Singapore law firm Rajah & Tann. But hurdles to successful offerings are high. Singapore’s bourse says while it has seen […]