Myanmar citizens’ bank to float next month

NYAPYITAW, Myanmar – A private bank to enter Yangon’s stock market. Myanmar Citizens Bank will be the third listed company to begin trading on the stock market next month, according to the Yangon Stock Exchange (YSX). Thet Tun Oo, a Yangon Stock Exchange manager, said: “Myanmar Citizens Bank will be a listed on the YSX […]

Rumors of Foreign Investors Soon Accessing YSX Quashed

RANGOON — Foreign investors will be unable to buy shares on the Yangon Stock Exchange (YSX) as long as the Myanmar Companies Act is not amended, a senior YSX official said, dispelling rumors that shares trading would open up to foreigners this week. Earlier this week, misleading news apparently spread after Maung Maung Win, chair […]

Govt Measures Fail to Cool Yangon’s Overheated Property Market: Experts

Property prices in Rangoon continue to soar and government measures to cool down the real estate market in Burma’s biggest city are failing to make an impact, according to property agents and economists. They said the government should revise its property tax policies in order to stop further price rises. Currently, real estate buyers can […]