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 […]

Fifth firm to list on stock exchange next week

TMH Telecom Co will commence trading on the Yangon Stock Exchange (YSX) on January 26, YSX senior executive manager U Thet Tun Oo said. TMH Telecom will be the fifth company to list on the exchange, joining First Myanmar Investments Co, Myanmar-Thilawa SEZ Holdings, Myanmar Citizens Bank and First Private Bank. According to the YSX, […]

Basic Energy investing in 2 Thai firms

Basic Energy Corp. has agreed with Thailand-based Vintage Engineering PCL (VTE) on the terms of investing in two of the latter’s subsidiaries involved in what is considered as Southeast Asia’s largest solar power project. Basic Energy said in a disclosure to the Philippine Stock Exchange that it had signed with VTE an investment term sheet, […]

Strengthening Myanmar’s banking sector is key to economic growth

Central to Myanmar’s economic development is the reform of its finance sector and specifically its banking sector. Banks play a fundamental role in the transformation of market economies. Recently the government has enacted a series of laws intended to reform and strengthen its banking institutions to restore investors’ confidence and to make capital more accessible. […]

This Is the World’s Tiniest Stock Exchange

Not many people, inside or outside the country formerly known as Burma. Now a year old, the Yangon Stock Exchange is home to just four companies. None of them has raised new capital, and trading is dominated by small investors, many of whom buy stock for less than 20,000 kyat, or $15. On a recent […]

Myanmar Unprepared for Stock Market: Economist

Trading of stocks at the Yangon Stock Exchange (YSX) is expected to begin in March, giving Myanmar people another option to invest their money. Currently, people invest in the property market or the currency market, however, they are less likely to move their investments into the new stock market, a local economist said. “All of […]

PTTEP sells interest in another Myanmar onshore block

A subsidiary of Thailand’s state owned PTT Exploration and Production (PTTEP) has sold a 10 percent holding in another Myanmar onshore block, as international oil prices touch as near-seven-year low, the company said yesterday. PTTEP South Asia sold its 10pc interest in onshore block MOGE-3 to Japanese Mitsui Oil Exploration (MOECO), the same company that […]

Myanmar’s stock exchange to open, but not for business

There won’t be any bell-ringing or celebratory confetti explosions when Myanmar opens its new stock exchange this week. There won’t be any stocks to trade either. As Myanmar adjusts to the dizzying pace of its economic reforms and plays catch-up with Asia’s high-growth frontier markets, its bid to thrust a once military-run backwater into the […]

Sales to rise, prices to fall, say Yangon real estate agents

Real estate is likely to bounce back in 2016 after more than a year of depressed sales, while prices will fall as new supply comes online, said investors and agents. Following a relatively smooth election, the volume of transactions will be “back to normal”, they said, referring to last year when the industry was thriving. […]

Myanmar Payment Union Forms Public Company

RANGOON — Burma’s sole domestic provider of card-based payments, Myanmar Payment Union, has formed a public company comprised of its 23 member banks, according to the organization’s chief executive officer Zaw Lin Htut. Myanmar Payment Union (MPU) had planned to form a public company in 2014 and Burma’s Directorate of Investment and Companies Administration gave […]