Thilawa SEZ Commences Second Phase of Project

​​ RANGOON — Rangoon’s Thilawa Special Economic Zone (SEZ) management committee members said they expect to complete the 250-acre second phase of the project in mid-2018, during a commencement ceremony at the SEZ’s new Zone B on Friday morning. Thilawa SEZ is located between Kyauktan and Thanlyin townships, 14 miles from downtown Rangoon. The project […]

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 […]

MTSH gives three companies green light to develop housing complex project in Thilawa SEZ

​​ A Japanese company, Super Hotel Co Ltd, and the Max and Myint Myat Htut Khaung companies, have been given the go-ahead for developments as part of a housing complex project in Thilawa Special Economic Zone, according to announcement from Myanmar Thilawa SEZ Holdings Public Limited (MTSH). Thilawa Property Development Limited (TPD), a subsidiary company […]

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 […]

Tender to be held for Thilawa SEZ condos

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens.   Speaking with The Myanmar Times on November 18, director of Myanmar Thilawa SEZ Holdings (MTSH) U Nyan Thit Hlaing said a joint venture system will be in place for the construction of the condo complexes. The 80-acre […]

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 […]

MTSH Suspends Share Trading at YSX For Stock Split

Myanmar Thilawa Special Economic Zone Holdings Public Ltd (MTSH) announced yesterday that it would suspend trading of its shares at the Yangon Stock Exchange from October 30 to November 3. The board of directors of the company previously agreed to split each stock into 10 units. MTSH sought approval for the move from its share holders at its special general meeting on October 23, according to U Aye Win, the company’s administrative and human resources director.  The move aims to increase share trading volume at the YSX. This will enable people to buy shares easily, said Win Aung, chairperson of the […]

More transparency needed from local business: MCRB

A select few Myanmar firms display a higher level of transparency than most of their ASEAN peers, but many large companies continue to show little interest in disclosure – even when legally required – according to a recent report from the Myanmar Centre for Responsible Business (MCRB). There is huge variation in the approach Myanmar’s […]

MCB hits upper limit on first day as YSX-listed firm

Trading on the Yangon Stock Exchange has tailed off in recent months, but Myanmar Citizens Bank’s (MCB) listing late last weekshowed there remains huge appetite for new sources of investment. Demand for shares in the lender – the first bank to list on the country’s new bourse – was around 10 times the volume offered. MCB […]