Myanmar Strategic reports narrowed loss in first half after EXERA buy

Myanmar Strategic Holdings Ltd on Thursday said its loss narrowed in the first half of its current financial year following the acquisition of EXERA. The stock was untraded on Thursday at USD10.00 a share. The investment company said its loss narrowed in the six months to September 30 to USD897,968 from USD1.1 million reported for […]

Myanmar investments interim loss flat on year before, assets increase

Myanmar Investments International Ltd on Monday reported a flat interim loss as the AIM-listed investment company increased its net assets slightly. For the six months to September 30, the company posted a pretax loss of USD1.4 million, flat on the year before. Myanmar Investment’s net assets increased 1.6% to USD32.0 million from USD31.5 million the […]

Kyaukphyu: Asia’s Next Commercial Hub to Rival Singapore and Hong Kong

In a 13-minute project promotion video China International Trust and Investment Company (CITIC) celebrates the wonder of Asia’s rapid development with portraits of the pre-industrial ports of Singapore, Hong Kong and Taiwan’s Daxi fade into their modern incarnations of high-rise glass and steel marvels. The final image, however, is particularly jarring: a container ship approaches […]

Yangon Stock Exchange listing criteria lacking protection for investors

The listing criteria for Myanmar’s first stock exchange have been published, but important rules to protect shareholders are missing, said experts. Unless more detailed regulations are added, investors will be at risk of abuse by unscrupulous companies, they said. The Yangon Stock Exchange (YSX) is due to open later this year. It is owned by […]