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Shares on YSX reach five-month high

Stock trading of 275,325 shares by five companies listed on the Yangon Stock Exchange (YSX) in May reached a five-month high of K1.4 billion, according to YSX monthly report, state media reported. The figure doubled over last month’s record of K506 million with 102,682 shares; while trading value in January was registered at K526 million […]

Logistics player Ever Flow River to list on YSX this year

Ever Flow River Group Public Company (EFR Group), which provides logistics services in Myanmar, wants to list on the Yangon Stock Exchange (YSX) this year, its chair, U Kyaw Lwin Oo, told The Myanmar Times. If successful, it will become the sixth company to list on the bourse since its launch in 2016. EFR Group […]

CityMart replaces FMI to rank first in Pwint Thit Sa corporate disclosure report

Familiar names featured among the top ranked companies in the latest Pwint Thit Sa report on corporate governance and transparency, which for the first time assessed the performance of leading state-owned economic enterprises. The fifth Pwint Thit Sa report by the Myanmar Centre for Responsible Business, completed in partnership with business consultancy, Yever, assessed information […]

Myanmar’s exchange takes its time learning to walk

Three years after it was founded, Yangon Stock Exchange is marooned, which doesn’t augur well for developing the capital markets. Myanmar’s stock exchange could hardly be in a better location. The imposing stone building commands a corner on one of downtown Yangon’s busiest intersections and was originally the central Reserve Bank of India’s branch when […]

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 […]

Bid to establish Myanmar derivatives market begins

THOUGH Myanmar’s stock market is yet to be very active due to a lag in investor interest, another move is now under way to set up a derivatives market in the nation, according to a workshop held at the Yangon Stock Exchange (YSX) yesterday. Min Htike Aung, managing director of New World Financial Group, said […]

FMI changes name, revises constitution

Yangon Stock Exchange-listed First Myanmar Investment (FMI) Company announced on Saturday that it will be adopting a new name and constitution in accordance with the Myanmar Companies Law. At the first special general meeting held in Yangon’s National Theatre, the firm said that a new constitution will replace current memorandum and articles of association, as […]

OUELH expands into Myanmar healthcare with US$19.5m acquisition

OUE Lippo Healthcare (OUELH) is venturing into Myanmar with stake acquisitions in two joint venture companies that own three hospitals, one medical centre and two clinics. This will give the company presence in the key cities of Yangon, Mandalay and Taunggyi, the subsidiary company of OUE Limited said on Thursday. OUELH’s wholly owned units have […]

Reset capital market, allow foreign competition to unleash growth: leaders

Foreign investor interest in Myanmar appears to be waning at a time when the global economy is losing momentum, if recent data is anything go by. As such, a hard reset of the local capital market is needed to ensure the business environment remains friendly to existing firms and entrepreneurs, as their survival and growth […]

Foreign investors show interest in First Private Bank

Foreign investors are showing interest in taking stakes in First Private Bank, which is listed on the Yangon Stock Exchange (YSX), said its CEO, U Myint Zaw. Interest has risen following the enforcement of the Myanmar Companies Law on August 1. The new law states that foreigners will be allowed to own a maximum of […]