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Bid to establish Myanmar derivatives market begins

THOUGH Myanmar’s stock market is yet to be very active due to a lag in investor interest, another move is now under way to set up a derivatives market in the nation, according to a workshop held at the Yangon Stock Exchange (YSX) yesterday. Min Htike Aung, managing director of New World Financial Group, said […]

Foreign investors show interest in First Private Bank

Foreign investors are showing interest in taking stakes in First Private Bank, which is listed on the Yangon Stock Exchange (YSX), said its CEO, U Myint Zaw. Interest has risen following the enforcement of the Myanmar Companies Law on August 1. The new law states that foreigners will be allowed to own a maximum of […]

Yangon stock exchange seeks foreign investor interest

THE Yangon Stock Exchange (YSX) recently had a few champagne moments with the first “real” initial public offering by a Myanmar telecom company. And even while the bubbly was still fizzing another company was eyeing a listing. And, the moment foreign investors had been waiting for is almost here. For a start, foreigners residing in […]

Struggling Myanmar stock market gears up for more listings

YANGON — More than two years after it began trading, the Yangon Stock Exchange is still struggling to escape the trap of few listed companies, few investors and low share prices. The Myanmar Stock Price Index, or Myanpix, closed at 437.36 on June 4 — down 56% from the baseline of 1,000 on March 25, […]

Myanmar companies told to embrace good corporate practices

MYANMAR companies must embrace corporate governance practices, especially large-sized ones that seek to list and raise funds on the Yangon Stock Exchange (YSX), said experts. There are more than 200 public companies established under the Myanmar Companies Act, but only six of them are short-listed for the listing, said Htay Chun, a member of the […]

Yangon Stock Exchange weak on corporate governance rules: observers

While globally an initial public offering usually means throwing the doors to your company wide open and letting investors poke around, industry observers say the Yangon bourse has not gone far enough on provisions for transparency. According to listing criteria published in state media last August, companies that wish to go public on Yangon’s stock […]

Yangon Stock Exchange to open amidst suspicion

Many analysts believe the Yangon Stock Exchange, which will be fully operational by March this year, is opening with unfair advantages and possible conflicts of interests. The Yangon Stock Exchange (YSX) automatically entered the US sanctions blacklist as the Myanmar Economic Bank, an entity already sanctioned by the US Treasury Department’s Office of Foreign Assets […]

Quality the priority over timing for Yangon Exchange

The Yangon Stock Exchange may not arrive in October, as preparations are focused on providing a quality market rather than solely on timing, according to deputy finance minister Dr Maung Maung Thein. “The target we have set is October this year, but it’s just a target. Our intention is just to deliver the quality goods, […]

Ministry halts online exchange

A Forthcoming commodities exchange has been suspended following a letter from the Ministry of Commerce stating it is not allowed to operate. Myanmar firm MICEx had aimed to bring a commodities exchange online in the next few months, but is now left waiting while it discusses the situation with government authorities. While company officials admit […]

FMI ‘first and only’ company to list on YSX, says Pun

First Myanmar Investment (FMI) Company will be the first, and for the time being the only, company to launch an initial public offering (IPO) on the Yangon Stock Exchange (YSX) when it opens later this year, according to company chair Serge Pun. Speculation over which firms will attempt to list has intensified as the exchange […]