Myanmar Automobile Development Public Co., Ltd to register at YSX

Myanmar Automobile Development Public Company Limited will soon register at the Yangon Stock Exchange (YSX) in hopes of becoming a publicly listed company, it is learnt from the company’s second annual general meeting held at UMFCCI on 24th September. Public companies are allowed to sell and trade shares of stock. There are currently three companies […]

Will YSX Deal a Blow to Burma’s Real Estate Market?

Yangon — Burma’s newly launched Yangon Stock Exchange (YSX) has left observers wondering what this could mean for the country’s volatile real estate market. Yangon , Burma’s commercial capital, has for many years boasted the country’s highest prices for property. Yet some experts believe that the emergence of the YSX, which kicked off trading on […]

SECM Warns Against Illegal Trade as Stock Exchange Readies for Business

The Securities and Exchange Commission of Myanmar (SECM) issued a warning on Wednesday against illegal trading through unofficial channels. An announcement published in state-run daily The Global New Light of Myanmar cautioned that action will be taken against those caught selling stocks through illegal or “non-transparent means,” including over social media sites. The Yangon Stock […]

Myanmar Unprepared for Stock Market: Economist

Trading of stocks at the Yangon Stock Exchange (YSX) is expected to begin in March, giving Myanmar people another option to invest their money. Currently, people invest in the property market or the currency market, however, they are less likely to move their investments into the new stock market, a local economist said. “All of […]

Savers stuck with bank deposits despite negative real rates

Bank accounts remain the most popular choice of investment for savers, despite inflation running higher than commercial banks’ deposit rates, said financial industry sources. Bank workers count cash in a branch in Yangon. StaffBank workers count cash in a branch in Yangon. Staff Sources at several commercial banks said there had been no decrease in […]

Loi Hein Co. to be listed and traded on Yangon Stock Exchange

Alpine Co. Ltd. Chairman Dr. Sai Sam Tun said that the drinking water and beverage company would trade it’s shares on the Yangon Stock Exchange (YSX). He added that it would take about three years to complete their accounting systems, corporate procedures and practices to be in compliance with requirements for being listed on the […]

AGD Bank prepares IPO as profits drop

Asia Green Development Bank is preparing to launch an initial public offering, or IPO, on the soon-to-open Yangon Stock Exchange (YSX), though profits are down substantially on last year. The bank’s net profit was K112.6 million for the 2014-15 fiscal year, far lower than K9.6 billion the previous year, officials said at the fifth annual […]

Yangon stock exchange risks opening under US sanctions

Myanmar’s first modern stock exchange risks falling under sanctions by the US Treasury when it eventually launches this year. The Yangon Stock Exchange is not designated specifically by the Department of Treasury’s Office of Foreign Assets Control (OFAC). However US officials have clarified that under US law it would be automatically sanctioned, as it is […]

Yangon Stock Exchange listing criteria lacking protection for investors

The listing criteria for Myanmar’s first stock exchange have been published, but important rules to protect shareholders are missing, said experts. Unless more detailed regulations are added, investors will be at risk of abuse by unscrupulous companies, they said. The Yangon Stock Exchange (YSX) is due to open later this year. It is owned by […]

SET to help Yangon stock exchange establishment

The Stock Exchange of Thailand is ready to help the Yangon Stock Exchange (YSX), which Myanmar in cooperation with Japan’s Daiwa Securities Group plans to launch after the November 8 elections, said the SET head. Kesara Manchusree, president and chief executive of the Thai exchange, told Myanmar Eleven on the sidelines of “Myanmar Banking and […]