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 […]

Yangon stock exchange risks opening under US sanctions

Myanmar’s first modern stock exchange risks falling under sanctions by the US Treasury when it eventually launches this year. The Yangon Stock Exchange is not designated specifically by the Department of Treasury’s Office of Foreign Assets Control (OFAC). However US officials have clarified that under US law it would be automatically sanctioned, as it is […]

Rethinking Myanmar’s state-owned banks

The country’s four state-owned banks account for more than 60 percent of total banking assets, but have not kept up with the reforms and growth at their private counterparts since the sector was liberalised in 2011. Members of parliament have urged the Ministry of Finance to reduce the size of state banks, particularly Myanma Economic […]