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 […]

JICA Offers K1.3b Loan to SMEs

JAPAN International Corporation Agency (JICA) is going to lend K1.3 billion via local banks to small and medium-sized enterprises (SMEs), an official from JICA told The Myanmar Times. JICA also extended a K41.5 billion loan to private SMEs in Myanmar last year, the official added. During this fiscal year, JICA’s loan for SMEs will work […]

MPU-Payment System for Licences to Roll Out

A Myanmar Payment Union (MPU) system for trade-related payments between the Ministry of Commerce and traders involved in export and import has been recently finalised, according to U Khin Maung Lwin, assistant secretary at the ministry. “It is mainly for payment of licence fees to the Ministry of Commerce. Currently, [businesspersons] have to go to […]

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. […]

Myanmar Citizens Bank Opens First Ayeyarwaddy Branch

​​ Myanmar Citizens Bank (MCB) opened its 23rd branch in January, in Pathein Township, the bank’s first branch in Ayeyarwaddy division. The Pathein branch is the 5th to open in the 2016- 2017 financial year following new branches in Mandalay, Pyay, Latha and Sittwe. “By opening new branches, the locals can access safe, secure and […]

YSX Capitalisation Reaches $597m

​​ Market capitalisation at the Yangon Stock Exchange has reached US$597 million and trading value is US$3.4 billion, higher than in Vietnam and Laos after a year of trading, said Maung Maung Win, deputy minister for planning and finance and chair of the Myanmar Securities Exchange Supervisory Commission. The YSX opened on March 25 last year. There are four listed companies so far on the YSX. Indonesia’s stock exchange was launched in 1977 and it had only one listed company one year after the launch. He said the […]

Stock Exchange Ready to Trade Online

​​ Thet Tun Oo, a Yangon Stock Exchange (YSX) manager, says the Securities and Exchange Commission of Myanmar (SECM) is testing online trading. The six securities companies officially licensed by the SECM were ready to start when official permission was given, he added. “The public is calling for the online trading. It’s up to the […]

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 […]