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 […]
New Companies Law a game changer for bourse
December 12, 2017 by
The enactment of the new Myanmar Companies Law will bring about change for local companies listed or planning to list on the Yangon Stock Exchange (YSX), leading to further development in the economy. Under the new Companies Law, which was officially signed into legislation by President U Htin Kyaw on Wednesday, foreigner investors will now […]
Fixing the Myanmar economy
September 5, 2017 by
Major structural overhauls have to be carried out so the country can maximise its potential for growth. Myanmar’s economy is projected by the World Bank to grow by an average of 7 percent between 2017 and 2019. Last year, GDP rose by 6.5pc. That’s among the fastest growing economies in Asia, alongside the likes of […]
Ministry Reduces Taxes For YSX Companies, Markets to Gain
August 31, 2017 by
The Ministry of Planning and Finance reduced income-tax for companies listed on the Yangon Stock Exchange by 5 percent to incentivize companies to list on the nascent capital market, U Htay Chun, a member of the Securities and Exchange Commission of Myanmar (SECM), told Myanmar Business Today. In a bid to bolster the developing market […]
YSX’s Newest Trading Company Announces Base Share Price
January 20, 2017 by
RANGOON — The Yangon Stock Exchange’s (YSX) newest trading company, First Private Bank (FPB), announced its base share price on Thursday, one day before trading is set to begin. The FPB will be start trading in YSX at January 20. The share base price for FPB is 39,000 kyats (US$28.50), with the upper limit set […]
YSX needs institutional investors, say industry figures
May 16, 2016 by
The Yangon Stock Exchange needs larger and more experienced investors to start trading as its current buyers lack experience, industry sources said at an Oxford Business Group capital market debate last week. The individual traders dominating the new bourse – also called retail investors – are poor at assessing a company’s financial health, analysing cash […]
FMI increases capital to Yoma Bank
May 5, 2016 by
First Myanmar Investment (FMI) has increased its capital contribution to its subsidiary Yoma Bank by almost K9.6 billion, after accepting a loan facility from Bangkok Bank, said a company announcement yesterday. FMI, owned by businessperson Serge Pun, is the first and only company to list on the Yangon Stock Exchange and owns a 51 percent […]
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