Accounts must be in order for SMEs to qualify for loans

The lack of proper accounts, financial statements and a solid business plan is one of the biggest obstacles to small and medium enterprises (SMEs) qualifying for loans, banking officials said at a recent discussion on access to capital organised by MFITRIX, a financial training school. “When obtaining loans, the banks need to review each applicant’s […]

Finance Education in Myanmar: Demand Grows as Capital Market Develops

A student takes notes during a Bloomberg Terminal course at the Myanmar Institute of Business, August 2016/ Courtesy of the Myanmar Institute of Business) Traditionally, the small number of domestic investors in Myanmar have constructed investment portfolios primarily centered around cash, real-estate, commodities or currencies via position-trading. That’s beginning to change as Myanmar’s first stock […]

Banks mull taking shares as collateral

Investors in Yangon Stock Exchange-listed firms could soon be able to use their shares to access bank loans. The YSX is in discussions with listed companies and lenders about a system for posting stock as collateral, which shareholders are eager to see put in place. Tycoon Serge Pun – owner of listed firm First Myanmar […]

Daiwa and ACE team up to provide security and technology for YSX

Japanese technology company Daiwa Securities Group will team up with the Myanmar- based ACE Date Systems in providing security and technological assistance to the nascent Yangon Stock Exchange (YSX), the exchange has announced. “Daiwa and ACE are collaborating to implement a security system for the exchange high-standard technology,” said U Thet Htun Oo, executive senior […]