More transparency needed from local business: MCRB

A select few Myanmar firms display a higher level of transparency than most of their ASEAN peers, but many large companies continue to show little interest in disclosure – even when legally required – according to a recent report from the Myanmar Centre for Responsible Business (MCRB). There is huge variation in the approach Myanmar’s […]

Profit and loss statements of YSX listed companies to be released at end of fiscal year

The companies approved to trade shares at the Yangon Stock Exchange (YSX) will have to release statements of profit and loss so that those who want to purchase their stocks can make intellectual investments, according to an announcement released by the Securities and Exchange Commission of Myanmar. Currently, the three approved companies — First Myanmar […]

MCB hits upper limit on first day as YSX-listed firm

Trading on the Yangon Stock Exchange has tailed off in recent months, but Myanmar Citizens Bank’s (MCB) listing late last weekshowed there remains huge appetite for new sources of investment. Demand for shares in the lender – the first bank to list on the country’s new bourse – was around 10 times the volume offered. MCB […]

Securities commission warns against illegal share sales

The Securities and Exchange Commission of Myanmar warned companies against selling shares without its permission yesterday – the second time it has issued such a warning since the country’s first modern stock exchange opened at the end of last year. The commission made an initial announcement through state media in February but public companies have […]

Yangon Stock Exchange needs more time to succeed, experts say

THERE IS a long way to go for the Yangon Stock Exchange (YSX), which opened for trading late March, to achieve success and sustainability, capital market experts said at a panel discussion during the Myanmar Business Leaders’ Inaugural Summit last week, Aung Htun, managing director of Myanmar Investments International, an investment holding company listed on […]

Thilawa SEZ worker dorms to open soon

Dormitories built for the first wave of the huge numbers of workers expected to be employed at Thilawa special economic zone to the south of Yangon are nearing completion, SEZ officials say. The accommodation is designed for internal migrant workers who come from all over the country. U Nyan Thit Hlaing, director of Myanmar Thilawa […]

Thilawa SEZ phase two nears completion

The first phase of the 400-hectare Zone A was finished last September and the second phase is almost complete, said U Thein Han, chair of Myanmar Japan Thilawa Development (MJTD). More than 85 percent of the land in Zone A has been reserved by 69 light-industry manufacturers from across the globe, he said. Of these, […]

Myanmar investors flock to Yangon bourse’s second listing

SINGAPORE — Myanmar Thilawa SEZ Holdings, or MTSH, made a raucous debut Friday as the second company on Myanmar’s Yangon Stock Exchange, riding a flood of interest from the country’s burgeoning equities market. The developer of the Thilawa Special Economic Zone, an industrial park southeast of Yangon, was to debut at 40,000 kyat ($34.10) a […]

Thilawa Holdings lays out risks pre-IPO

Myanmar Thilawa SEZ Holdings (MTSH) has received the green light to list on the Yangon Stock Exchange and has published its disclosure documents, which detail its key shareholders, earnings and the main risks facing the company. The firm, established in 2013 by a nine-shareholder consortium, will launch its shares on the exchange on May 20, […]

Serge Pun calls meeting with brokers over FMI volatility

First Myanmar Investment’s chair Serge Pun called a meeting of securities companies this week following a volatile day’s trading in his company’s shares, while Yangon Stock Exchange officials said securities firms must make more effort to explain trading risks to their clients. After launching its shares on March 25, FMI – the first and only […]