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Is Myanmar ready for cryptocurrency?

The recent coverage of Chinese blockchain company Shellpay Internet Technology Co’s plan to issue digital coins in eastern Shan has sparked widespread social media attention on the cryptocurrency industry. Cryptocurrencies are digital currencies that has no physical form. Unlike cash, they have decentralised control and does not require a central bank or federal reserve. Blockchain […]

Scan raises capital for Myanmar operation

SET-listed Scan Inter Plc (SCN), a natural gas trader and operator of compressed natural gas (CNG) stations, has increased its registered capital by 97.63 million baht via a private placement (PP) to beef up its solar power plant operation in Myanmar. The registered capital comes at an offering price of 4.50 baht per share. Scan’s […]

Great Hor Kham expands into hydropower, prepares for YSX listing

U Sai Ohn Myint, chair of the board of directors of Great Hor Kham Public Company, which will list on the Yangon Stock Exchange this year, isn’t too worried about trading volumes on the local bourse, which have all but collapsed since opening for business in early 2016. “I think investors will be able to […]

International partnerships drive transparency among Myanmar companies

Good corporate governance is what attracts investors, such as International Financial Corporation (IFC), for companies, according to the findings revealed by the latest transparency report. The report also points to the very poor disclosure record and absence of corporate governance by companies which are registered at Directorate of Investment and Company Administration (DICA) as “public” […]

A New Harbinger of Good Governance – Myanmar’s Institute of Directors

This week marks the launch of an important market institution – the Myanmar Institute of Directors (MIoD), the first independent, private sector-led organization promoting best corporate governance standards and practices in the country. This is a significant step in Myanmar’s ongoing market reforms and sends a strong signal to the global business community the country’s […]

Listing Brings Few Benefits for Construction Sector for now

​​ There is only one listed construction-related firm on the Yangon Stock Exchange (YSX) at the moment. Joining the YSX will not boost the construction companies to raise capital for real estate projects in the short term. KBZ Bank deputy managing director U Bo Bo Wai Maung said that local construction companies should consider joining […]

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 […]