The total value of trading on the first day of Burma’s new bourse reaches nearly US$3 million.
Burma’s new stock exchange plans its first listing on 25 March, the deputy finance minister said on Sunday, more than three months after it launched.
Foreigners will be able to buy shares in the forthcoming Yangon Stock Exchange (YSX), Deputy Finance Minister Maung Maung Thein has said, but only after archaic financial regulation laws have been updated. Under the 1914 Companies Act, a company is defined as foreign-owned if even a single share is owned by a non-citizen. This creates restrictions, …
The opening of applications for businesses to practise on the new stock exchange, set to launch in October, has been announced.
The Yangon Stock Exchange (YSE), which will replace the Myanmar Securities Exchange Centre (MSEC), is set to launch in Burma by October 2015.
Burma opened the Yangon Stock Exchange (YSX) today, with the first six listed companies announced.