• Burmese
Monday, December 4, 2023
No Result
View All Result
NEWSLETTER
The Irrawaddy
28 °c
Yangon
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Letters
  • Junta Watch
  • Ethnic Issues
  • Features
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Letters
  • Junta Watch
  • Ethnic Issues
  • Features
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
No Result
View All Result
The Irrawaddy
No Result
View All Result
Home Business

Exchange Commission Mulls More Licenses as YSX Preps for Trade

by Kyaw Hsu Mon
February 1, 2016
in Uncategorized
Reading Time: 1 min read
A A
Exchange Commission Mulls More Licenses as YSX Preps for Trade

  The opening ceremony of the Yangon Stock Exchange center in Rangoon

3.8k
VIEWS
Share on FacebookShare on Twitter

RANGOON — At least three to four more companies are contenders to be listed for the newly formed Yangon Stock Exchange (YSX), Chairman of the Securities and Exchange Supervisory Committee and Deputy Finance Minister Maung Maung Thein said on Thursday.

The first group of YSX-listed companies was announced in December, but trading is not expected to begin until March, Maung Maung Thein has previously said. He added that several additional companies would also be issued licenses to participate in YSX transactions by then, though he declined to reveal any further details.

RelatedPosts

Depleted Myanmar Military Urges Deserters to Return to Barracks

Depleted Myanmar Military Urges Deserters to Return to Barracks

December 4, 2023
4.5k
Myanmar Resistance Fights to Seize Bago Town Near Yangon-Naypyitaw Road

Myanmar Resistance Fights to Seize Bago Town Near Yangon-Naypyitaw Road

December 4, 2023
1.4k
Full Civilian Rule Restored in First Large Town Seized by Myanmar Resistance: NUG

Full Civilian Rule Restored in First Large Town Seized by Myanmar Resistance: NUG

December 4, 2023
1k

“We’re considering another three or four public companies for the second round,” he said.

When YSX launches trade in March, shares will be made available to First Myanmar Investment, Myanmar Citizens Bank, Thilawa Holdings Plc, Myanmar Agribusiness Public Company Limited, First Private Bank and Great Hor Kham.

Thet Tun Oo, director of the Securities Exchange Commission Myanmar (SECM), said that he is unable to predict which companies will be selected, given that there are over 200 possibilities.

“I think trading can begin in March, before the next government assumes power, but I’m not sure that the second batch of companies will be announced before April,” he said.

So far, KBZ Bank and the MSEC are the only two companies that have been issued licenses. Several unsanctioned trading outlets, particularly on social media, have come about ahead of the official trade launch, some presenting themselves as authorized channels.

The stock exchange is expected to dramatically ramp up Burma’s financial capacities and offer stability to an otherwise poorly regulated and fickle investment sector.

Your Thoughts …
Tags: A_FactivaDevelopmentInvestmentTrade
Previous Post

Burma’s Fourth Telecoms Operator to Be Revealed This Month: Official

Next Post

A New Hue As Suu Kyi’s Party Enters Parliament

Kyaw Hsu Mon

Kyaw Hsu Mon

The Irrawaddy

Similar Picks:

Drone Attack at Myanmar-China Border Gate Causes Over $14m in Losses

Drone Attack at Myanmar-China Border Gate Causes Over $14m in Losses

November 27, 2023
29.7k
General Close to Myanmar Junta Boss Placed Under House Arrest, Interrogated for Corruption

General Close to Myanmar Junta Boss Placed Under House Arrest, Interrogated for Corruption

September 14, 2023
23.5k
Singapore and Indonesia in Spotlight Over Illegal Arms Exports to Myanmar

Singapore and Indonesia in Spotlight Over Illegal Arms Exports to Myanmar

October 3, 2023
10.7k
Tracking the Business Empire of Myanmar Regime Stalwart Moe Aung and His Siblings

Tracking the Business Empire of Myanmar Regime Stalwart Moe Aung and His Siblings

September 4, 2023
5.9k
Junta Seeks Brake as Myanmar’s Runaway Trade Deficit Nears $1Bn in Six Months 

Junta Seeks Brake as Myanmar’s Runaway Trade Deficit Nears $1Bn in Six Months 

October 23, 2023
3.7k
Junta Watch: Regime Boss Suffers Historic Humiliation; Dictatorship Thrown Lifelines by Three Allies; and More 

Junta Watch: Regime Boss Suffers Historic Humiliation; Dictatorship Thrown Lifelines by Three Allies; and More 

November 11, 2023
2.6k
Load More
Next Post
A New Hue As Suu Kyi’s Party Enters Parliament

A New Hue As Suu Kyi’s Party Enters Parliament

Shan IDPs Face Post-Conflict Hardships

Shan IDPs Face Post-Conflict Hardships

No Result
View All Result

Recommended

Operation 1027 Will Not End Until Myanmar’s Junta is Removed, Ethnic Army Says

Operation 1027 Will Not End Until Myanmar’s Junta is Removed, Ethnic Army Says

2 days ago
16.1k
As Myanmar’s Junta Loses Control, Its Coup Leader Ratchets Up His Blame Game

As Myanmar’s Junta Loses Control, Its Coup Leader Ratchets Up His Blame Game

3 days ago
6.5k

Most Read

  • Depleted Myanmar Military Urges Deserters to Return to Barracks

    Depleted Myanmar Military Urges Deserters to Return to Barracks

    shares
    Share 0 Tweet 0
  • Operation 1027 Will Not End Until Myanmar’s Junta is Removed, Ethnic Army Says

    shares
    Share 0 Tweet 0
  • Charting the Shifting Power Balance on Myanmar’s Battlefields 

    shares
    Share 0 Tweet 0
  • Putting the Myanmar Military’s Recent Losses in Perspective

    shares
    Share 0 Tweet 0
  • Myanmar Regime Runs Low on Dollars, Increasing Fuel Prices

    shares
    Share 0 Tweet 0

Newsletter

Get The Irrawaddy’s latest news, analyses and opinion pieces on Myanmar in your inbox.

Subscribe here for daily updates.

Contents

  • News
  • Politics
  • War Against the Junta
  • Myanmar’s Crisis & the World
  • Conflicts In Numbers
  • Junta Crony
  • Ethnic Issues
  • Asia
  • World
  • Business
  • Economy
  • Election 2020
  • Elections in History
  • Cartoons
  • Features
  • Opinion
  • Editorial
  • Commentary
  • Guest Column
  • Analysis
  • Letters
  • In Person
  • Interview
  • Profile
  • Dateline
  • Specials
  • Myanmar Diary
  • Women & Gender
  • Places in History
  • On This Day
  • From the Archive
  • Myanmar & COVID-19
  • Intelligence
  • Myanmar-China Watch
  • Lifestyle
  • Travel
  • Food
  • Fashion & Design
  • Videos
  • Photos
  • Photo Essay
  • Donation

About The Irrawaddy

Founded in 1993 by a group of Myanmar journalists living in exile in Thailand, The Irrawaddy is a leading source of reliable news, information, and analysis on Burma/Myanmar and the Southeast Asian region. From its inception, The Irrawaddy has been an independent news media group, unaffiliated with any political party, organization or government. We believe that media must be free and independent and we strive to preserve press freedom.

  • Copyright
  • Code of Ethics
  • Privacy Policy
  • Team
  • About Us
  • Careers
  • Contact
  • Burmese

© 2023 Irrawaddy Publishing Group. All Rights Reserved

No Result
View All Result
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Obituaries
  • Politics
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Letters
  • Ethnic Issues
  • Features
  • In Person
    • Interview
    • Profile
  • Business
    • Economy
    • Business Roundup
  • Donation

© 2023 Irrawaddy Publishing Group. All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.