• Burmese
Saturday, December 9, 2023
No Result
View All Result
NEWSLETTER
The Irrawaddy
31 °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

Yangon Stock Exchange Due to Let Myanmar-Based Foreigners Trade

by Aung Thiha
October 18, 2019
in Business
Reading Time: 2 mins read
A A
The Yangon Stock Exchange / The Irrawaddy

The Yangon Stock Exchange / The Irrawaddy

6.2k
VIEWS
Share on FacebookShare on Twitter

Yangon – Foreigners living in Myanmar will be allowed to buy and sell on the Yangon Stock Exchange in the first phase of the process of opening up to the international market, according to the Securities and Exchange Commission of Myanmar (SECM).

The Ministry of Finance and Planning announced an opening up in July but after discussing its concerns with the Central Bank of Myanmar, Internal Revenue Department and other ministries, the SECM has decided to start with foreign nationals living in Myanmar, commission member U Htay Chun told The Irrawaddy.

RelatedPosts

In Its Seventh Week, Operation 1027 Continues Expanding in Myanmar 

In Its Seventh Week, Operation 1027 Continues Expanding in Myanmar 

December 9, 2023
8
Five Civilians Killed as Myanmar Military Unleashes Bombers in Battle for Namkham

Five Civilians Killed as Myanmar Military Unleashes Bombers in Battle for Namkham

December 8, 2023
1.1k
Bodies of Myanmar Resistance Fighters Slain Near India Border Town Show Signs of Torture

Bodies of Myanmar Resistance Fighters Slain Near India Border Town Show Signs of Torture

December 8, 2023
3.5k

“As we have allowed this, we had to consider the money foreigners would bring in and the profits they will take out. So we will start with foreign nationals living in Myanmar rather than all the foreigners,” U Htay Chun said.

The SECM has sought the approval of the Attorney General’s Office to legalize foreign trading on the stock exchange with approval expected by around December, he added.

Securities companies and the stock exchange had prepared for foreign traders, said U Thet Tun Oo, manager of the stock exchange.

“Public interest in the stock market has increased significantly with the transaction volumes rising,” he said.

The new companies law allows up to 35 percent of foreign ownership in domestic companies. Listed companies in Yangon can sell up to 35 percent of their shares to foreigners, according to the stock exchange.

Trading started in March 2015 with only five listed companies. The lack of trading options has led to a fall in trading and prices.

U Aung Gyi, chief executive of Myanmar Agro Exchange, which is preparing to float on the stock exchange, told The Irrawaddy: “People don’t have much experience with stock trading. So I hope the market will improve when foreigners enter it.”

First Myanmar Investment Co. Ltd (FMI), Myanmar Thilawa SEZ Holdings Public Ltd (MTSH), Myanmar Citizens Bank Ltd (MCB), First Private Bank Ltd (FPB) and TMH Telecom Public Co. Ltd are currently trading.

On Oct. 17, the price of FMI stood at 11,500 kyats; MTSH 4,000 kyats; MCB 8,400 kyats; FPB 24,000 and TMH 3,000 kyats.

Your Thoughts …
Tags: Financefinancial marketsForeign InvestmentfundingIndustrySECMSecurities and Exchange Commission of MyanmarsharesYangon Stock Exchange
Previous Post

Mediterranean in Myanmar: Olea Restaurant Adds New Spanish Delights to Its Menu

Next Post

Myanmar’s Oil, Gas, Mining Sectors Need More Reform, Says Transparency Watchdog

Aung Thiha

Aung Thiha

The Irrawaddy

Similar Picks:

Myanmar has been Running Out of Power Since the Coup: World Bank

Myanmar has been Running Out of Power Since the Coup: World Bank

September 8, 2023
4.8k
Generals Prepare to Target Cause of Myanmar’s Currency Crisis—‘Disloyal Banks’

Generals Prepare to Target Cause of Myanmar’s Currency Crisis—‘Disloyal Banks’

August 23, 2023
4.1k
Myanmar Junta Appoints 20 Officers to Senior Posts at State-Owned Commercial Bank

Myanmar Junta Appoints 20 Officers to Senior Posts at State-Owned Commercial Bank

August 1, 2023
3.4k
People order drinks at a ThaiBev bar during the Asia-Pacific Economic Cooperation summit in Bangkok on November 18, 2022. / AFP

Thai Beer Titan to Invest US$14M in Another Brewery in Myanmar

July 26, 2023
2.3k
Foreign Investment in Myanmar Continues Post-Coup Plunge, Drops 60%

Foreign Investment in Myanmar Continues Post-Coup Plunge, Drops 60%

August 16, 2023
2k
A cargo truck transports logs in Yangon in 2016.

Myanmar Junta’s Timber Enterprise Eyeing Secret Bank Accounts to Bypass Sanctions

July 18, 2023
3.4k
Load More
Next Post
A jade emporium in Naypyitaw in June, 2019. / Htet Naing Zaw / The Irrawaddy

Myanmar’s Oil, Gas, Mining Sectors Need More Reform, Says Transparency Watchdog

Kachin Independence Organization chairman General N’Ban La. / Kyaw Kha / The Irrawaddy

KIO, Myanmar Peace Team Discuss Truce, IDPs

No Result
View All Result

Recommended

Putting the Myanmar Military’s Recent Losses in Perspective

Putting the Myanmar Military’s Recent Losses in Perspective

5 days ago
6.1k
Myanmar Regime Runs Low on Dollars, Increasing Fuel Prices

Myanmar Regime Runs Low on Dollars, Increasing Fuel Prices

5 days ago
6.1k

Most Read

  • Myanmar Coup Leader Showers Medals on Troops as String of Defeats Erodes Morale

    Myanmar Coup Leader Showers Medals on Troops as String of Defeats Erodes Morale

    shares
    Share 0 Tweet 0
  • Mass Exodus as Myanmar Junta Bombards First Bago Town Lost to Resistance

    shares
    Share 0 Tweet 0
  • Junta’s Latest US Dollar Move is Enflaming Myanmar’s Fuel Crisis  

    shares
    Share 0 Tweet 0
  • Bodies of Myanmar Resistance Fighters Slain Near India Border Town Show Signs of Torture

    shares
    Share 0 Tweet 0
  • Desperate to End War in North, Battered Myanmar Junta Begs China for Help

    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.