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All companies need to re-register starting from August 1

The President’s Office issued Notice 48/2018 last Thursday to announce that the new Myanmar Companies Law will go into force on August 1. The new legislation, enacted in early December last year and spearheaded by the Directorate of Investment and Company Administration (DICA), is a landmark reform which allows domestic businesses to grow by seeking […]

Listing interest lackluster despite upcoming law

Though the new Myanmar Companies Law is less than three months away from being officially enforced, interest to list on the Yangon Stock Exchange (YSX) has not picked up as substantially as expected, said U Thet Tun Oo, senior executive manager of the YSX. The Myanmar Companies Law, which was enacted December 6, 2017, will […]

Daiwa liquidates advisory subsidiary

A subsidiary of Daiwa Securities called Myanmar Corporate Strategic Advisory will be liquidated in order to allow the Japanese group to focus on its role as an underwriter and broker on the Yangon Stock Exchange, a company official said yesterday. MCSA, which is fully owned and controlled by Daiwa Securities Group, has been operating as […]

Kanbawza Group eyes OTC market

Kanbawza Group is hoping to set up its own OTC market next year, with two of its entities already granted separate licences to operate as an underwriter and settlement bank for Yangon’s new stock exchange. The group is hoping to set up an OTC market early next year, and is looking for companies to collaborate […]

Over-the-counter share prices rise ahead of new stock exchange launch

As investors await the first listings on the Yangon Stock Exchange, the price of over-the-counter shares in a number of well-known public companies has risen, amid expectation that the companies will list on the country’s first modern bourse. Workers prepare the new Yangon Stock Exchange building for today’s launch. Photo: Aung Myin Ye Zaw / […]