57 Firms Keen on YSX Licence

The Yangon Stock Exchange (YSX) has received 57 applications from businesses seeking involvement in the upcoming bourse, an official has said. There have been 30 applications from share distribution companies, seven from stock trading companies and brokers and 20 from advisory and consultancy firms, Dr Maung Maung Thein, deputy minister for finance, said. “We are […]

YSE: $20 billion worth of Market Capitalisation by 2022

The Yangon Stock Exchange (YSX), set to open in October this year, is to see up to US$20 billion in Market Capitalisation as well as trade volume of US$10 billion per year, said Dr Aung Thura, CEO of Thura Swiss during the ASEAN- Myanmar forum held on March 23 at the Park Royal Hotel, Yangon. […]

Experts recommend OTC market for Myanmar

Some stock exchange experts have recommended that Myanmar establish the over-the-counter (OTC) market for stock trading, aside from the formal stock exchange. “Although there are 200 public companies in Myanmar, only five of them will be listed on the stock exchange. The transactions of other companies’ shares can be done on the OTC market,” said […]

Investment laws may be combined, says official

The Foreign Investment Department is considering combining the foreign and Myanmar citizens’ investment laws, its director in chief, U Aung Naing Oo, told Mizzima on December 4. U Aung Naing Oo stressed that no consideration was being given to amending the Foreign Investment Law, which was promulgated on November 3, 2012. “We are just thinking […]

A taxing matter for the real estate sector

Will the assessment scheme halt soaring land prices? Real estate agents say a government move to generate more taxation revenue from property transactions has assessed the value of land, houses and apartments in Yangon at about 40 percent of market prices. The reaction follows the release by the Ministry of Revenue and Finance in September […]