First Myanmar Investment First-Half Profit Jumps 52% on Year

​​ YANGON — First Myanmar Investment said Tuesday its net profit surged by 51.9%, year on year, to 6.2 billion kyat ($29.1 million) in the first fiscal half ended Sept. 30. Revenue at one of Myanmar’s largest public company jumped 49.4% on the year to 74.6 billion kyat. By sector, financial services contributed 67.4 billion kyat to […]

First Private Bank to Trade at YSX

First Private Bank will go public at Yangon Stock Exchange in December, said Dr. Sein Maung, the bank’s chairman. The First Private Bank made the announcement at its 9th Special Meeting and its 25th Annual General Meeting on November 20. The bank will trade at an estimated Ks 40,000 per share and has appointed Myanmar Securities Exchange […]

Wave Money Set for Ambitious Growth in Myanmar

WAVE MONEY, the first company to be awarded a licence under Myanmar’s mobile financial services regulations, is planning for ambitious growth in the country, according to Vibeke Siljan Krohn, the firm’s head of sales, marketing and distribution. Krohn said the company was focused on the mass market with the goal of providing mobile financial services […]

World’s Youngest Stock Market Struggles in Myanmar

YANGON, Myanmar (AP) — The day’s trading is about to begin on the world’s youngest stock exchange, and the MYANPIX index and opening share prices flash across an electronic screen, but barely a footfall or a voice are heard within the cavernous, colonial era building in the bustling heart of Myanmar’s commercial capital. A gilded […]

Myanmar Companies Ramping up Tourism Industry

YANGON — Leading companies in Myanmar are building up the tourism industry in a bid to capitalize on the increasing number of foreign visitors to the Southeast Asian country since democratic reforms took place. First Myanmar Investment signed an agreement in October with its Singapore-listed affiliate Yoma Strategic Holdings and other companies, including SHC Capital Asia, […]

Stock trading cool at YSX

Stock trading is still cool at Yangon Stock Exchange (YSX), with a volume of 19,154 shares on 16th November. The trading volume of Myanmar Citizens Bank on 16th November notably plunged down to 22 shares, according to YSX. The Myanmar Stock Price Index (MYANPIX) was at 634.64 on 16th November. The value of stock trading […]

Myanmar Companies Ramping up Tourism Industry

YANGON — Leading companies in Myanmar are building up the tourism industry in a bid to capitalize on the increasing number of foreign visitors to the Southeast Asian country since democratic reforms took place. First Myanmar Investment signed an agreement in October with its Singapore-listed affiliate Yoma Strategic Holdings and other companies, including SHC Capital Asia, […]

CBM likely to pave way for new mobile money services

The Central Bank of Myanmar will allow money services on mobile devices, according to Director- General Daw Than Than Swe of the CBM. “We are trying to implement effective financial services for the public” said Daw Than Than Swe. “The services aim to provide convenient services for people in rural areas who do not have […]

FMI to Partner With Manaung Island Firm

First Myanmar Investment (FMI) has formed a joint venture with a company owned by residents of Manaung Island in Rakhine State, which will develop the island and build infrastructure, according to an FMI announcement on the Yangon Stock Exchange yesterday. FMI signed an agreement with Manaung Public Company (MPC) on October 24 to established an […]

Profit and loss statements of YSX listed companies to be released at end of fiscal year

The companies approved to trade shares at the Yangon Stock Exchange (YSX) will have to release statements of profit and loss so that those who want to purchase their stocks can make intellectual investments, according to an announcement released by the Securities and Exchange Commission of Myanmar. Currently, the three approved companies — First Myanmar […]