YSX debates bank disclosure ahead of MCB listing

As Myanmar Citizens Bank prepares to become the first lender listed on Yangon’s stock exchange, bourse officials are still debating just what level of financial disclosure listing banks should have to provide. Any company intending to launch shares on the YSX has to meet disclosure requirements more onerous than any others demanded under domestic Myanmar regulation. In […]

Few firms ready for March IPO, says SEC

Only two or three companies will be ready to list on the Yangon Stock Exchange by March, when trading is expected to start, according to an official at the Myanmar Securities and Exchange Commission (SEC). Six companies have been approved to list on Yangon’s new stock exchange, and officials had originally hoped those firms would […]

Tax to be levied on stock exchange investments

This will be the case initially, even though other countries such as Vietnam are untying their investors from tax, said Dr Maung Maung Thein, chair of the Securities and Exchange Commission Myanmar (SECM) and deputy finance minister, on August 29. However, he provided no information about the value of tax that investors will be charged, […]