Stock exchange could catch Vietnam: deputy minister

Yangon Stock Exchange has good prospects and is likely to catch up with Vietnam’s stock exchange within three years, according to Dr Maung Maung Thein, deputy finance minister. Established in 2000, the Ho Chi Minh City Securities Trading Centre is the largest stock exchange in Vietnam. In 2010, it listed about 250 companies with capital […]

Semen Indonesia may drop Myanmar investment plan

State-run cement giant Semen Indonesia may cancel its plans to invest in Myanmar if the company and its local partner fail to reach an amicable agreement over the partnership deal, an executive has said. Semen Indonesia corporate secretary Agung Wiharto said that his company was facing another difficult round of discussions with its partner in […]

Military firm tops in Fraser & Neave dispute

Myanma Economic Holdings Limited has won a dispute over the ownership of Myanmar Brewery Limited, the military-owned conglomerate has announced, and will now accelerate plans to buy out its joint venture partner. MEHL has been locked in a legal battle with Singapore-based Fraser and Neave Limited (F&N), which owns 55 percent of Myanmar Brewery since […]

Myanmar Army Conglomerate Says It Has Won Beer Spat With Singapore’s F&N

SINGAPORE — A military-linked Burmese conglomerate said it has won an arbitration case against Singapore’s Fraser and Neave Ltd (F&N) that will give it the right to buy the latter’s stake in Myanmar’s biggest brewery. Union of Myanma Economic Holdings Limited (UMEHL) said in a statement on Friday that a panel of two unnamed Singapore […]

Kyaukphyu SEZ Shares to Go on Sale

The company formed by local businesses to develop the Kyaukphyu special economic zone (SEZ) will start selling its shares to the public later this year, a senior executive of the company said. The shares of Myanmar Kyaukphyu SEZ Public Holding Co Ltd will be sold at a price of K10,000 each, U Tin Aung, secretary […]

Sweetening the deal: Big Sugar appeals to investors

Myanmar Sugar Development Public Company is planning another share sale to invest in Thilawa SEZ and also finance a sugar processing factory, according to company directors. The firm is planning to sell 500,000 shares at K11,000 a piece in the coming funding round, with prices K1000 more expensive than its first issue of 1 million […]

Myanmar Has Swapped a Military Dictatorship for a Stock Exchange

Why you should care Myanmar has one of the last untapped economies in the world and a wealth of gas, gems and other resources. A stock market could eventually provide an entry point for investors. Thinking of investing in Myanmar? Just maybe it will be possible soon. The last time Myanmar launched a stock exchange […]

Planned stock exchange still missing a watchdog

Authorities have yet to set up a Securities Exchange Commission, despite suggestions that the watchdog necessary for the stock exchange planned for next year would be established last month, leaving economists disappointed. According to the Securities Exchange Law passed at the end of July last year, the SEC must be created to monitor transactions on […]

OTC stock market for Thilawa SEZ to open

The over-the-counter stock market for Thilawa Special Economic Zone will be launched later this year according to the chairperson of the Thilawa SEZ. “The counters will open at public areas for easy access to information and inquiry. The counters are opened to sell shares because there is no stock market yet. We will expand the […]

MAPCO plans another share sale

Myanmar Agribusiness Public Corporation is planning to sell a total of Ks five billion in shares, with individuals allowed to purchase up to Ks 1 billion worth of shares each, according to its managing director. “Every Myanmar citizen can purchase shares at the price of Ks 10,800 per share,” MAPCO managing director Ye Min Aung […]