Stock licences to be issued this month

Licences will be issued this month to the securities companies which will trade on Myanmar’s first-ever capital market named “Yangon Stock Exchange”, according to the finance ministry. “Myanma Economics Bank (MEB) has already signed a memorandum of understanding with the Japanese companies. The issuance of licences to companies will be done by the Security Exchange […]

Japanese Firms to Help Set Up Myanmar’s First Stock Exchange – Update

Japan’s Daiwa Securities Group Inc., its research arm and Japan Exchange Group Inc. said Tuesday they signed a joint-venture agreement with Myanma Economic Bank to establish Myanmar’s first-ever stock exchange in Yangon. The deal is the latest tangible sign that plans for Yangon’s stock exchange, which the government aims to have up and running by […]

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 […]

Few companies meet Stock Exchange criteria: Japan Exchange Group

Currently, there are just about 10 public companies in Myanmar that can meet financial transparency criteria of the upcoming Yangon Stock Exchange, according to Japan Exchange Group Inc., which is helping Myanmar to establish a stock exchange. “In 2015, about 10 public companies can become listed on Yangon Stock Exchange. My estimate is based on […]

Myanmar’s stock exchange facing delays

Myanmar is running behind schedule for starting a stock exchange by 2015 after delays in getting the legal framework in place, said an executive at Japan Exchange Group Inc., which is assisting on the project. “We’re pressed for time,” Koichiro Miyahara, senior executive officer at Japan Exchange, said in an interview in Tokyo on Aug. […]