YSX’s Newest Trading Company Announces Base Share Price

​​ RANGOON — The Yangon Stock Exchange’s (YSX) newest trading company, First Private Bank (FPB), announced its base share price on Thursday, one day before trading is set to begin. The FPB will be start trading in YSX at January 20. The share base price for FPB is 39,000 kyats (US$28.50), with the upper limit set […]

First Private Bank Cleared for Listing

​​ First Private Bank will become the fourth firm to list on the Yangon Stock Exchange this month. The lender, which claims the oldest banking licence in Myanmar, has published its finances, expansion plans and fears ahead of the listing – offering a window into the challenges facing the country’s smaller banks at the start […]

Bank Shares Set for Jan 20 Launch

​​ First Private Bank says it will launch its public offering at the Yangon Stock Exchange on January 20. It will sell 2.47 million shares worth Ks24.72 billion. On August 15 it had 8,255 share holders. The 10 largest shareholders own about 15 per cent of the shares. According to its financial statement for 2016, […]

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 […]

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 […]

Securities commission warns against illegal share sales

The Securities and Exchange Commission of Myanmar warned companies against selling shares without its permission yesterday – the second time it has issued such a warning since the country’s first modern stock exchange opened at the end of last year. The commission made an initial announcement through state media in February but public companies have […]

Western Union launches outbound money transfer service in Myanmar

WESTERN UNION, a global payment services provider, has launched Myanmar’s first outbound money-transfer service, three years after launching inbound services. Patricia Riingen, the firm’s senior vice president for Southeast Asia and Oceania, said the target consumers would be people aged from 25 to 60 who are active on social media and have international exposure (either […]

Rumors of Foreign Investors Soon Accessing YSX Quashed

RANGOON — Foreign investors will be unable to buy shares on the Yangon Stock Exchange (YSX) as long as the Myanmar Companies Act is not amended, a senior YSX official said, dispelling rumors that shares trading would open up to foreigners this week. Earlier this week, misleading news apparently spread after Maung Maung Win, chair […]

Yangon stock exchange to open to foreign investors

The Securities and Exchange Commission of Myanmar is preparing to allow foreign investors to access the new Yangon Stock Exchange and for local-foreign joint ventures to list, chair U Maung Maung Win said. An “appropriate” number of joint venture companies will be given permission to go public as soon as the new Myanmar Companies Act […]

Mobile money regulations released

The Central Bank of Myanmar has released regulations on mobile financial services, widening a market previously limited to banks to include non-banking financial institutions. The Central Bank announced yesterday that it had issued rules on mobile financial services at the end of last month to build an enabling regulatory framework for efficient and secure mobile financial services […]