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 […]

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 […]

Insurance to Lead Finance Sector Expansion

​​ Myanmar’s financial sector welcomed new faces this year – international banks opened their first branches, the stock exchange welcomed its first firms and there are joint-ventures on the horizon for the insurance sector in 2017. Taiwanese firm E.SUN Commercial Bank, South Korea’s Shinhan Bank, Bank for Investment and Development of Vietnam and State Bank […]

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 […]

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 […]