Myanmar takes first steps to ramp up rice exports

Due to the region’s warm climate, double cropping or even triple cropping is possible in some areas. Not surprisingly, this helped make Myanmar one of the world’s top exporters, a position it held from the 1920s through the early 1960s But the military-led socialist regime that took the reins of power in 1962 tightened state […]

Rumors of Foreign Investors Soon Accessing YSX Quashed

RANGOON — Foreign investors will be unable to buy shares on the Yangon Stock Exchange (YSX) as long as the Myanmar Companies Act is not amended, a senior YSX official said, dispelling rumors that shares trading would open up to foreigners this week. Earlier this week, misleading news apparently spread after Maung Maung Win, chair […]

MAPCO fined $1.8m for botched Indonesia rice shipment

A Myanmar delegation is heading to Indonesia this week to negotiate the release of 16,000 tonnes of rice that have been held at the Port of Surabaya for more than two months, and to discuss a US$1.8 million fine imposed on the exporter for its failure to follow regulations. The shipment was sent as part […]

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 […]

Foreign fertiliser factory deal signed

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Japan-based Mitsui says it will invest 1.2 billion yen (US$10.50 million) to build a fertiliser plant in Thilawa Special Economic Zone in cooperation with Singapore’s Behn Meyer and the Myanmar Agribusiness Public Corporation (MAPCO). Mitsui & Co Ltd […]

Yangon Stock Exchange on Track for March Trading Debut

RANGOON — The Yangon Stock Exchange (YSX) is expected to begin shares trading by the second week of March, with dry-run testing already underway, an official from the Securities Exchange Commission of Myanmar (SECM) told The Irrawaddy on Monday. Though the YSX officially “launched” late last year with six companies listed, no shares have yet […]

Over-the-counter share prices rise ahead of new stock exchange launch

As investors await the first listings on the Yangon Stock Exchange, the price of over-the-counter shares in a number of well-known public companies has risen, amid expectation that the companies will list on the country’s first modern bourse. Workers prepare the new Yangon Stock Exchange building for today’s launch. Photo: Aung Myin Ye Zaw / […]

Scramble behind the scenes as Yangon Stock Exchange nears launch

Just a week before Myanmar’s first modern stock exchange is set to open on December 9, a much-delayed announcement on the names of securities companies has not yet been made, underwriters have not received licences and domestic IPOs seem a distant dream. Ten companies have been offered conditional underwriting licences for the Yangon Stock Exchange, […]

Companies begin to feel the heat as import costs climb

Myanmar’s plummeting currency has prompted a vicious circle of rising prices in the import-dependent economy, in which even export-driven companies face rising costs, say businesspeople. New laws and regulations are urgently needed to control the kyat, they said, which has fallen by more than 25 percent to the US dollar this year to K1300 yesterday, […]

Yangon Stock Exchange to Launch in December

The Yangon Stock Exchange is set to launch on Dec. 9, an official said on Monday, after three years of preparations to modernize Burma’s financial sector. Addressing CEOs and executive directors of ten underwriting firms, Chairman of the Securities and Exchange Supervisory Committee and Deputy Finance Minister Maung Maung Thein said the exchange, known as […]