KBZ launches Yangon stock exchange settlement system

Kanbawza Bank signed yesterday with the Yangon Stock Exchange (YSX) to run settlement and clearing operations for Myanmar’s first modern bourse. Last April the bank was chosen from among six local private banks who applied for the role to the Securities and Exchange Commission (SECM) of Myanmar. It will be responsible for delivering payments for […]

Yangon Stock Exchange to Launch in December

The Yangon Stock Exchange is set to launch on Dec. 9, an official said on Monday, after three years of preparations to modernize Burma’s financial sector. Addressing CEOs and executive directors of ten underwriting firms, Chairman of the Securities and Exchange Supervisory Committee and Deputy Finance Minister Maung Maung Thein said the exchange, known as […]

Central Bank of Myanmar plans first real-time payments system

The Central Bank of Myanmar (CBM) plans to introduce a real-time gross settlement (RTGS) system by the end of 2015. Deputy governor Winston Set Aung says the country’s first ever RTGS will help to reduce the size of the cash economy, as the system will allow transfers between banks to be settled immediately. An unnamed […]

Stock exchange will protect investors, says deputy finance minister

A stock exchange must be established to help protect ignorant investors, Deputy Finance Minister Dr Maung Maung Thein said in the Amyotha Hluttaw on June. “If we do not establish a stock exchange, people may be cheated out of their money by others posing as public companies,” said Dr Maung Maung Thein. “During the rule […]

Myanmar firms compete for place on Yangon Stock Exchange

Yangon – Myanmar will allow five companies to be listed on the Yangon Stock Exchange when it is launched next year, local media reports said Monday. “Six local public companies have applied to be listed on the Yangon Stock Exchange and we have already granted permission to two companies,” Deputy Finance Minister Maung Maung Thein […]

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 […]

ANA to acquire 49pc of Asian Wings

Japan’s All Nippon Airways (ANA) has announced it will acquire a 49 percent stake in a Myanmar airline, the latest foray into the rapidly-opening and potentially lucrative Southeast Asian market. Foreign firms have piled into Myanmar since the installation of a nominally civilian government in 2011, eager to make the most of opportunities in a […]

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 […]