Foreigners permitted to trade on the YSX pre-listing board

Foreigners will also be able to invest in the public companies listed on the pre-listing board (second board) of the Yangon Stock Exchange (YSX), said U Thet Htun Oo, YSX Executive Senior Manager. The Pre Listing Board is a new trading board for public companies that have yet to qualify for a YSX listing to […]

China Dominates Myanmar Renewables Tender, Winning 29 Of 30 Bids

When the winning bidders for 30 sites being developed as one of Myanmar’s largest ever solar power projects were announced, 29 of the sites included Chinese based or registered companies. The tender being bid for was a 1.06 GW PV project earlier in the month, and as is so often the case in South East […]

Myanmar to set up second stock exchange for public companies

A second stock exchange, or pre-listing board, will be set up for the purpose of trading shares in public companies that have yet to list on the Yangon Stock Exchange (YSX), said U Maung Maung Win, who is Deputy Minister for Planning, Finance, and Industry as well as Chair of the Securities and Exchange Commission […]

Companies in Myanmar embrace remote working in precautionary move

Businesses in Myanmar’s commercial capital have begun to ask employees to work from home in order to reduce the risks of virus infections. Several companies and banks in Yangon have started to telecommute its employees in the face of the novel coronavirus. Corporate executives have said that some telecom operators and banks have started testing […]

Companies still owe gold to Myanmar govt for mining concessions: official

Small-scale gold miners owe the government some 13,300 ticals in ore, a senior government official revealed to the Pyidaungsu Hluttaw (Assembly of the Union) last Friday. Deputy Minister for Natural Resources and Environmental Conservation U Ye Myint Swe said the arrears in payments for concessions granted to small-scale miners are from 2007 to the present. […]

Extractive businesses asked to disclose ownership information

Companies and state-owned enterprises (SOEs) involved in Myanmar’s oil and gas production and transportation, mineral and gemstone industries are required from January 1 onwards to publicly disclose information on beneficial ownership and politically exposed persons. This is in accordance with Notification No.104/2019 dated October 2019 and in line with Requirement 2.5 of the Extractive Industries […]

Three more companies expected to list on YSX next year

Three more companies are likely to get listed on the Yangon Stock Exchange (YSX) in 2020, according to the Securities and Exchange Commission of Myanmar (SECM). “The companies will be listed on the exchange in early 2020. They must file a prospectus with the SECM to receive approval for offering shares. The listing process takes […]

Thilawa SEZ set to benefit from east west economic corridor

The Thilawa Special Economic Zone near Yangon is set to become a vital link in the East West Economic Corridor linking Myanmar, Thailand, Laos, Cambodia and Vietnam says an official from the Japan International Cooperation Agency (JICA). The East West Economic Corridor development project aims to link transportation and logistics networks to promote investment and […]

Influx of Japanese car parts companies expected in Yangon

More Japanese car parts companies are expected to enter Myanmar to meet demand from existing automobile manufacturers with facilities in Thilawa Special Economic Zone, said Japanese Ambassador to Myanmar Mr Ichiro Maruyama. Japanese car maker Suzuki currently operates a car assembly plant in Thilawa, while Toyota will begin operations at the SEZ in 2021, Mr […]

YSX traded stocks in 2019 reaches highest in August

The value of stocks traded on the Yangon Stock Exchange (YSX) hit the highest level of US$1.9 billion this year in August, according to the monthly report of the YSX. A total of 322,176 shares were traded on the exchange during the month. At present, shares of five listed companies — First Myanmar Investment (FMI), […]