Trade at Yangon Stock Exchange unlikely to start until March 2016

Myanmar Vice President Nyan Tun marked the opening ceremony of the Yangon Stock Exchange (YSX) by ringing a bell on Wednesday with six local campanies listed. Yet officials say it is unlikely that any trading will take place until March 2016. Finance Minister U Win Shein said that YSX would only be open to Myanmar […]

Myanmar’s stock exchange to open, but not for business

There won’t be any bell-ringing or celebratory confetti explosions when Myanmar opens its new stock exchange this week. There won’t be any stocks to trade either. As Myanmar adjusts to the dizzying pace of its economic reforms and plays catch-up with Asia’s high-growth frontier markets, its bid to thrust a once military-run backwater into the […]

Jardine Lloyd Thompson opens local office

Jardine Lloyd Thompson officially opened its Myanmar representative office on September 12, joining a growing list of international insurers with local offices. Foreign insurers are generally barred from working inside the country, with the exception of three firms which received licences to operate in special economic zones earlier this year. Authorities have said they will […]

Uptown office added for Myanma Insurance

Currently its main office is in Pabedan township on Strand Road, but given increasing traffic levels, this is inconvenient for many people, said deputy finance minister Dr Maung Maung Thein at the opening on September 8. The new office was arrange with assistance of the Road Transportation Administration Department, and will be outfitted with six […]

Stock exchange entry criteria to be unveiled

Deputy Finance Minister Maung Maung Thein has said that the Ministry of Finance will release the entry criteria in the first week of August for firms looking to register on the stock exchange. The rules will be available at the Securities and Exchange Commission. “There are international standard criteria among the list we will be […]

Stock market delayed due to election

The launch of the Yangon Stock Exchange has been pushed back until after the November 8 election, according to deputy finance minister Dr Maung Maung Thein. The stock exchange had initially been scheduled to be launched in late October, but the new date is roughly scheduled to be the third or fourth week of November […]

57 security companies bid for Myanmar’s stock exchange service provider licenses

YANGON, April 10 (Xinhua) — Fifty-seven private security companies have so far bid for service provider licenses for establishing Myanmar’s first ever stock exchange in Yangon, according to the Securities and Exchange Commission on Friday. The commission, chaired by Deputy Finance Minister Dr. Maung Maung Thein, has started inviting applications for service providers for 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 […]

Myanmar to get credit insurance “this year”

Myanma Insurance will begin offering credit insurance, deputy finance minister Dr Maung Maung Thein announced last week. Speaking during a training session for the new product, he said that credit guarantees will protect sellers from non-paying buyers in the country’s increasingly risky marketplace. “In the past, we have been told that it is an unneeded […]