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 […]
Will YSX Deal a Blow to Burma’s Real Estate Market?
April 4, 2016 by
Yangon — Burma’s newly launched Yangon Stock Exchange (YSX) has left observers wondering what this could mean for the country’s volatile real estate market. Yangon , Burma’s commercial capital, has for many years boasted the country’s highest prices for property. Yet some experts believe that the emergence of the YSX, which kicked off trading on […]
Myanmar’s stock exchange to open, but not for business
December 10, 2015 by
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 […]
Yangon Stock Exchange to Launch in December
December 3, 2015 by
The Yangon Stock Exchange is set to launch on Dec. 9, an official said on Monday, after three years of preparations to modernize Burma’s financial sector. Addressing CEOs and executive directors of ten underwriting firms, Chairman of the Securities and Exchange Supervisory Committee and Deputy Finance Minister Maung Maung Thein said the exchange, known as […]
Thai brokerage eyes Myanmar role
November 5, 2015 by
The Nation has learned that KTZ Ruby Hill Securities, the joint venture with locally-owned Ruby Hill Finance, is one of the 10 companies. More than 100 Thai and foreign brokerage firms along with local finance companies applied for the licenses. In October, KT Zmico was the only securities company from Thailand to win a brokering […]
Burma Signs Trade Finance Agreement with ADB
September 15, 2015 by
RANGOON – Burma’s government signed a framework agreement with the Asian Development Bank on Wednesday that will allow the latter to introduce its Trade Finance Program (TFP) to the country. In a statement issued by the Manila-based institution on Wednesday, Maung Maung Thein, Burma’s deputy finance minister, welcomed the program which he said will enhance […]
Stock exchange entry criteria to be unveiled
August 5, 2015 by
Deputy Finance Minister Maung Maung Thein has said that the Ministry of Finance will release the entry criteria in the first week of August for firms looking to register on the stock exchange. The rules will be available at the Securities and Exchange Commission. “There are international standard criteria among the list we will be […]
Yangon stock market launch in 2015
October 7, 2014 by
The Yangon Stock Exchange (YSE), which will replace the Myanmar Securities Exchange Centre (MSEC), will be launched in Myanmar by October 2015. Myanmar’s Deputy Union Finance and Revenue Minister Maung Maung Thein confirmed the launch while speaking at a software donation event at the Myanmar Insurance Enterprise on Sept 28 in Yangon, DVB reported. The […]
