Ministry Reduces Taxes For YSX Companies, Markets to Gain

The Ministry of Plan­ning and Finance reduced income-tax for companies listed on the Yangon Stock Ex­change by 5 percent to incentivize companies to list on the nascent capital market, U Htay Chun, a member of the Securities and Exchange Commis­sion of Myanmar (SECM), told Myanmar Business Today. In a bid to bolster the developing market […]

More firms to be listed on Yangon stock exchange

PEOPLE’S interest in trading on the Yangon stock exchange does not seem to be growing 18 months after its launch but more companies are nevertheless keen to be listed, say officials. Htay Chun, a member of Securities and Exchange Commission of Myanmar, says that at least two more companies hope to complete the necessary procedures […]

Shares of 55 companies can soon be traded locally

55 public companies which were given the green light to sell shares in the local over-the-counter (OTC) market must receive official permission from the Securities and Exchange Commission of Myanmar (SECM) first, U Htay Chun, member of the commission, told The Myanmar Times. The announcement comes a day after the Directorate of Investment and Company […]

FDI companies can trade on YSX

When the new Myanmar Companies Act emerges, a system to allow companies with foreign investment to list on the Yangon Stock Exchange, will be established, said U Htay Chun, a member of Myanmar Securities Exchange Supervisory Commission to Myawady Daily newspaper, yesterday. “Foreigners are unauthorized to participate in stock trading on YSX under existing Myanmar […]

Thai-Myanmar Regulators Tie up Deal

AS MYANMAR tries to grow its young capital market with the help with international partners, Thailand will become the first foreign country to sign a memorandum of understanding (MoU) with the Securities and Exchange Commission of Myanmar in less than three months, according to Htay Chun, commissioner of SECM. He said the securities and exchange […]

Myanmar’s Stock Exchange Struggles a Year After Launch

​ YANGON — Housed in a stately colonial building at the heart of Myanmar’s financial district sits the Yangon Stock Exchange, which amid great expectations opened its doors as the country’s first bourse a year ago this month. Fast forward to today, and the exchange, known as YSX, is struggling. With only four listed issues, […]

The Peninsula Hotel to Arrive in Yangon

​​ First Myanmar Investment (FMI) has announced its luxury hotel venture The Peninsula Yangon as part of its real estate development Yoma Central, a move that coincided with a rise in its share price. On February 16, FMI held a groundbreaking ceremony for the Yoma Central project, formerly known as the Landmark Development, in Yangon. […]

First Private Bank Shares Plunge

​​ First Private Bank (FPB) became the first Yangon-listed company to watch its shares fall immediately after listing. The lender, which claims the oldest banking licence in Myanmar, became the fourth firm listed on the Yangon Stock Exchange on January 20. FPB’s 2.47 million shares started at a base price of K39,000 but dropped to […]

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 […]