KBZ launches Yangon stock exchange settlement system

Kanbawza Bank signed yesterday with the Yangon Stock Exchange (YSX) to run settlement and clearing operations for Myanmar’s first modern bourse. Last April the bank was chosen from among six local private banks who applied for the role to the Securities and Exchange Commission (SECM) of Myanmar. It will be responsible for delivering payments for […]

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 / […]

Myanmar to announce underwriter licensees next month

Myanmar to announce underwriter licensees next month YANGON, May 28 (Xinhua) — Myanmar’s Securities and Exchange Commission will announce winners of underwriters’ licenses next month as part of its process in establishing the country’s first ever stock exchange, official media reported Thursday. So far, 20 private security companies out of 57 have applied for underwriters’ […]

Local SMEs in need of loan

Small and Medium-sized Industrial Development Bank (SMIDB) and Japan International Cooperation Agency (JICA) are holding talks on the loan disbursement to local Small and Medium-Sized Enterprises (SMEs), according to the sources. “As part of it, the JICA is observing the local banks, but has yet to reveal the banks’ name. It seems that firstly the […]

Chinese merchants manipulating Myanmar jade market

Myanmar gem merchants accused their Chinese counterparts of manipulate the jade prices out of concern that they would lose out to foreign competitors as more and more Westerners are entering the business. The accusations were made after the 50th Myanmar Gems Emporium, held at the Nay Pyi Taw recently. At the Gems Emporium, 272 gem […]