Burger King finds new throne at Yangon International Airport

A new king has been crowned at Yangon International Airport. Global fast-food giant Burger King opened its doors in Terminal 1 on July 1 – marking its first entry into Myanmar. The airport outlet’s launch follows similar bids made by fast-food rivals KFC and Pizza Hut – both Yum! Brands franchises – into the local […]

Yangon stock exchange to open to foreign investors

The Securities and Exchange Commission of Myanmar is preparing to allow foreign investors to access the new Yangon Stock Exchange and for local-foreign joint ventures to list, chair U Maung Maung Win said. An “appropriate” number of joint venture companies will be given permission to go public as soon as the new Myanmar Companies Act […]

YSX provisional licences awarded

Eight companies have been offered conditional underwriting licences for the Yangon Stock Exchange, subject to paid-up capital. The exchange, which is owned by state-owned Myanma Economic Bank, Daiwa Institute of Research and Japan Exchange Group, is due to open in December. Companies including AYA Bank, Daiwa Securities Group and United Amara Bank were offered provisional […]

Underwriters under the microscope

The chosen firms are now being vetted by other government departments to ensure they are being funded through clean money, he said in an interview yesterday. Dr Maung Maung Thein also declined to announce which firms have been selected, saying only that the information will be available on October 1. A total of 20 applications […]

Strict IPO rules in place for first Myanmar stock exchange

The listing criteria were published in the August 14 edition of state run newspaper The Global New Light of Myanmar, and comprise 17 requirements that companies will have to comply with in order to list on the YSX. They include qualitative standards relating to corporate management, corporate governance, compliance, disclosure of corporate information, insider trading, […]

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 […]

Myanmar’s fast track to financial fruition

Much progress has already been made in Myanmar’s financial markets since the country’s liberalisation in 2011, and now it is on the brink of refining its banking laws and establishing the Yangon Stock Exchange. Myanmar’s financial sector is starting to gain the characteristics that make it look like a newly emerging market, as opposed to […]

Daiwa’s stock underwriter bid raises finance industry’s eyebrows

Japanese securities company Daiwa Securities Group has entered a bid for an underwriter licence along with its Myanmar partner, prompting some observers to question whether the firm and its sister companies may be positioned for too much control on the forthcoming Yangon Stock Exchange. The firm submitted a bid by March 6 to be an […]

Myanmar stock exchange plan stall

A Japanese plan to help open a stock exchange in Myanmar in October 2015 is stalled due to difficulty recruiting suitable staff and finding companies with potential to list on the market.  Japanese securities company Daiwa Securities Co pioneered an attempt to develop a stock market in Myanmar by leading its affiliate Daiwa Institute of […]

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 […]