MCB hits upper limit on first day as YSX-listed firm

Trading on the Yangon Stock Exchange has tailed off in recent months, but Myanmar Citizens Bank’s (MCB) listing late last weekshowed there remains huge appetite for new sources of investment. Demand for shares in the lender – the first bank to list on the country’s new bourse – was around 10 times the volume offered. MCB […]

Four Ministries clarify undertakings in the first 100 days

Four ministries clarified their undertakings in the first 100 days of the new government to reporters in Nay Pyi Taw. The press conference was held at the Ministry of Information yesterday. Regarding the achievements of the Ministry of Information, Union Minister for Information Dr Pe Myint said the ministry conducted training and workshops for the […]

The members of the new Myanmar Investment Commission has been announced

THE Myanmar Investment Commission (MIC) was reshuffled on Tuesday with the appointment of U Kyaw Win, Union Minister for National Planning and Finance as chairman and U Than Myint, Union Minister for Commerce as vice chairman. The reformed commission includes 11 new members, while U Aung Naing Oo, former Secretary of the MIC, has been […]

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 […]

Foreign Investors in Myanmar to be Allowed in Trading Activities

The Ministry of Commerce is planning to remove the ban preventing foreign investors from engaging in trading activities in Myanmar, a senior ministry official said. The plan, which is still in the pipeline, is expected to help the country increase its export volume, particularly in the agriculture sector, U Toe Aung Myint, director general of […]