SCB sets up local bank in Myanmar

Siam Commercial Bank (SCB) has set up a bank in Myanmar after receiving a subsidiary business licence from the Central Bank of Myanmar, aiming to expand in the neighbouring market via offline and online platforms. SCB, the country’s fourth-largest commercial lender by assets, notified the Stock Exchange of Thailand on Thursday that it had registered […]

Myanmar to set up second stock exchange for public companies

A second stock exchange, or pre-listing board, will be set up for the purpose of trading shares in public companies that have yet to list on the Yangon Stock Exchange (YSX), said U Maung Maung Win, who is Deputy Minister for Planning, Finance, and Industry as well as Chair of the Securities and Exchange Commission […]

Insurer, bank tie up to provide bancassurance in Myanmar

Capital Taiyo Life Insurance and Myanmar Citizens Bank have announced that that they will cooperate to provide life insurance products in Myanmar. Capital Taiyo Life and Myanmar Citizens Bank (MCB) signed announced on Friday that they had signed an agreement on June 29 to provide bancassurance products via MCB’s network of branches. The agreement brings […]

Yangon Stock Exchange to open to overseas investors March 20

The exchange, known as the YSX, opened in March 2016 for trading only to Myanmar citizens. © Reuters YANGON — International investors will be able to invest in stocks listed on the Yangon Stock Exchange starting March 20, but the question lingers whether the thin liquidity on Myanmar’s only bourse will increase given the small […]

Myanmar’s stock exchange promoted

Government and financial officials in Myanmar have held an event to attract investors to the country’s first stock exchange, which is still immature. The Yangon Stock Exchange was established with the help of Japanese businesses three years ago. But so far only five companies are listed on the market. The officials invited domestic and foreign […]

Yangon’s equities exchange has only five trading stocks and very few investors, but that’s about to change

In a colonial building in Myanmar’s largest city, a large screen showed stock prices for a handful of companies. Four people, perhaps tourists, perhaps investors, shuffled around the floor. The clock struck 11. Suddenly the prices changed. Then, in an instant, all the people were gone. That was just another day at Asia’s tiniest bourse, […]

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. […]