Myanmar companies told to embrace good corporate practices

MYANMAR companies must embrace corporate governance practices, especially large-sized ones that seek to list and raise funds on the Yangon Stock Exchange (YSX), said experts. There are more than 200 public companies established under the Myanmar Companies Act, but only six of them are short-listed for the listing, said Htay Chun, a member of the […]

Yangon Stock Exchange weak on corporate governance rules: observers

While globally an initial public offering usually means throwing the doors to your company wide open and letting investors poke around, industry observers say the Yangon bourse has not gone far enough on provisions for transparency. According to listing criteria published in state media last August, companies that wish to go public on Yangon’s stock […]

Yangon Stock Exchange to open amidst suspicion

Many analysts believe the Yangon Stock Exchange, which will be fully operational by March this year, is opening with unfair advantages and possible conflicts of interests. The Yangon Stock Exchange (YSX) automatically entered the US sanctions blacklist as the Myanmar Economic Bank, an entity already sanctioned by the US Treasury Department’s Office of Foreign Assets […]

Quality the priority over timing for Yangon Exchange

The Yangon Stock Exchange may not arrive in October, as preparations are focused on providing a quality market rather than solely on timing, according to deputy finance minister Dr Maung Maung Thein. “The target we have set is October this year, but it’s just a target. Our intention is just to deliver the quality goods, […]

Ministry halts online exchange

A Forthcoming commodities exchange has been suspended following a letter from the Ministry of Commerce stating it is not allowed to operate. Myanmar firm MICEx had aimed to bring a commodities exchange online in the next few months, but is now left waiting while it discusses the situation with government authorities. While company officials admit […]

FMI ‘first and only’ company to list on YSX, says Pun

First Myanmar Investment (FMI) Company will be the first, and for the time being the only, company to launch an initial public offering (IPO) on the Yangon Stock Exchange (YSX) when it opens later this year, according to company chair Serge Pun. Speculation over which firms will attempt to list has intensified as the exchange […]

KBZ chosen as settlement bank for upcoming stock exchange

KBZ, the country’s largest private bank, has been chosen to run settlement and clearing operations for the forthcoming Yangon Stock Exchange, according to KBZ senior managing director U Than Cho. The bank has the widest network among private banks and has the digital integration necessary for a settlement bank, he said. “We can serve buyers […]

MIL Eyes All Four Securities Licences for Yangon Exchange

Myanmar Investments International Limited, together with two other partners, has filed an application to the Securities and Exchange Commission of Myanmar (SECM) to acquire all of the four types of securities licences for the upcoming Yangon stock exchange (YSX) later this year, the firm said. The Ministry of Finance in January announced that YSX will […]

Tight control on foreign stock investors

Tight restrictions will be imposed to prevent foreign investors from controlling the stock bourse before the Yangon Stock Exchange (YSX) opens in October, said chairperson of the Securities and Exchange Commission of Myanmar (SECM). Presently, the SECM won’t give permission to foreign funds and institutional investors to invest instantly in the YSX. “We will use […]