Securities Commission Says Foreigners Cannot Buy Shares This Year

NAYPYIDAW — The Securities and Exchange Commission of Myanmar (SECM) will not allow foreigners to buy shares on the Yangon Stock Exchange (YSX) this year, said Maung Maung Win, deputy minister of the Ministry of National Planning and Finance. Only two companies have listed on the YSX to date—First Myanmar Investment (FMI) and Myanmar Thilawa […]

Myanmar at risk of money laundering as economy grows: Observers

YANGON: Myanmar’s rapidly growing economy will benefit its people but this growth, according to observers, could increase the risk of money laundering in the country. The Asian Development Bank expects Myanmar’s economy to grow 8.4 per cent this year but if money laundering activities are allowed to go unchecked, this could erode investor confidence. The […]

Myanmar increases civil servant pay to raise living standard

YANGON, Myanmar (AP) ” Myanmar is increasing the salaries of its government employees ” doubling some of them ” as of next month. The announcement by Finance Minister Win Shein was relayed Thursday on state-run television. The increases were aimed at slightly raising the standard of living of approximately 1.5 million government servants, from post […]

Govt Measures Fail to Cool Yangon’s Overheated Property Market: Experts

Property prices in Rangoon continue to soar and government measures to cool down the real estate market in Burma’s biggest city are failing to make an impact, according to property agents and economists. They said the government should revise its property tax policies in order to stop further price rises. Currently, real estate buyers can […]