Securities and Exchange Commission Chairman Steps Down

RANGOON — In a surprise move, the chairman of the Securities and Exchange Commission submitted a letter of resignation on Thursday to step down from his current post. Also Burma’s former deputy Finance minister, Maung Maung Thein has played an integral part in the Ministry of Finance for the past three years amid a series […]

KBZ launches Yangon stock exchange settlement system

Kanbawza Bank signed yesterday with the Yangon Stock Exchange (YSX) to run settlement and clearing operations for Myanmar’s first modern bourse. Last April the bank was chosen from among six local private banks who applied for the role to the Securities and Exchange Commission (SECM) of Myanmar. It will be responsible for delivering payments for […]

Thai-Myanmar JV receives stock exchange broker licence

A Thai broker and its Myanmar joint venture partner have been awarded a broker licence for the soon-to-open Yangon Stock Exchange. New York-based broker Auerbach Grayson & Company announced on October 20 that its Thai subsidiary KT ZMICO and local partner KTZ Ruby Hill Securities were one of four foreign brokers to receive a broker […]

All preparations for Yangon Stock Exchange in place by next month

ALTHOUGH the launch of the Yangon Stock Exchange (YSX) has been pushed back to the end of November or early December, Myanmar will ensure proper systems for the exchange will be in place by the end of this month, a government official said. Maung Maung Thein, the deputy finance minister and chair of the Securities […]

Stock exchange entry criteria to be unveiled

Deputy Finance Minister Maung Maung Thein has said that the Ministry of Finance will release the entry criteria in the first week of August for firms looking to register on the stock exchange. The rules will be available at the Securities and Exchange Commission. “There are international standard criteria among the list we will be […]

57 security companies bid for Myanmar’s stock exchange service provider licenses

YANGON, April 10 (Xinhua) — Fifty-seven private security companies have so far bid for service provider licenses for establishing Myanmar’s first ever stock exchange in Yangon, according to the Securities and Exchange Commission on Friday. The commission, chaired by Deputy Finance Minister Dr. Maung Maung Thein, has started inviting applications for service providers for the […]

More than 100 companies bid for Myanmar’s stock exchange service provider licenses

More than 100 private security companies have so far bid for service provider licenses for establishing Myanmar’s first ever stock exchange in Yangon, according to the Securities and Exchange Commission on Wednesday. The commission, chaired by Deputy Finance Minister Dr. Maung Maung Thein, has started inviting applications for service providers for the establishment since Jan. […]

Myanmar Company plans Thai listing

A tourism-related firm in Myanmar with expected market capitalisation of 10 billion baht is poised to raise funds from a primary listing on the Thai stock market in 2016. Twin Pine Consulting is the financial adviser, managing director Adisorn Singhsacha said yesterday. The company is considering fund-raising options for the Myanmar company. The Securities and […]

Securities and Exchange Commission set to debut, Daiwa says

Despite delays in the process, Myanmar will get the Securities Exchange Commission this month or next, according to Daiwa Securities Group, which is helping Myanmar authorities set up a stock market here. The government plans to launch the stock exchange in 2015. Although Parliament passed a Securities Exchange Law on July 31, 2013, its implementing […]