Taking timber firms public

Changes are planned for state-owned timber companies that could see them transition to public companies – though they will likely remain partially state-owned. Minister of Environmental Conservation and Forestry U Win Htun said it is the government’s policy to professionalise its public enterprises, although state-owned timber businesses are usually profitable every year. “Although Myanmar businesses […]

Myanmar stock exchange plan stall

A Japanese plan to help open a stock exchange in Myanmar in October 2015 is stalled due to difficulty recruiting suitable staff and finding companies with potential to list on the market.  Japanese securities company Daiwa Securities Co pioneered an attempt to develop a stock market in Myanmar by leading its affiliate Daiwa Institute of […]

Few companies meet Stock Exchange criteria: Japan Exchange Group

Currently, there are just about 10 public companies in Myanmar that can meet financial transparency criteria of the upcoming Yangon Stock Exchange, according to Japan Exchange Group Inc., which is helping Myanmar to establish a stock exchange. “In 2015, about 10 public companies can become listed on Yangon Stock Exchange. My estimate is based on […]

Joint venture to invest Ks 32 billion in stock exchange

A joint venture between Japan’s Daiwa and a local Myanmar company still to be disclosed will invest Ks 32 billion to establish a stock exchange in Myanmar. The Deputy Minister for Finance Maung Maung Thein told media on Saturday that the Myanmar company will retain 51 percent shares while Daiwa will retain the rest. “The […]

Daiwa to help AGD bank’s transformation as public company

YANGON—Japan’s Daiwa Securities Group will assist locally-owned Asia Green Development (AGD) Bank to transform as a public company, sources say. The Memorandum of Understanding (MoU) to proceed with initial public offerings between the two organizations was signed on Monday at Kandawgyi Palace Hotel in Yangon. Daiwa is helping the government to establish a stock market […]

First phase for Myanmar’s Thilawa SEZ begins on Saturday

YANGON—Myanmar will start construction tasks as the first phase for the Thilawa Special Economic Zone on Saturday (November 30), according to the zone’s management committee. Nine local public companies and a consortium of three Japanese firms comprising Mitsubishi, Marubeni and Sumitomo are to develop the Thilawa SEZ, with Myanmar holding a 51-percent stake and Japan […]

Daiwa urges upgrades ahead of bourse launch

The domestic banking sector needs an upgrade, including a code of conduct, ahead of the launch of the stock exchange market, said Masahiro Ushiyama, senior managing director of consultants Daiwa Institute of Research Ltd (DIR), last week. The think tank will work with about 10 to 12 public companies, including banks, to assist the transition […]

Myanmar committee to look into establishing capital market

A committee to look into establishing a capital market in Myanmar will be set up this year according to officials from the Ministry of Finance. Myanmar has recently opened up its economy to foreign investment as the country began a transition from military dictatorship to civilian government in 2011. It is now seeking to establish […]