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Home  >>   Daily News  >>   Myanmar  >>Capital Markets  >> Myanmar to give out underwriter licences this month
NEW UPDATES Asean Affairs  14 July 2015  


Myanmar to give out underwriter licences this month

 MYANMAR’S Securities and Exchange Commission will announce winners of underwriters’ licences later this month as part of its process in establishing the country’s first stock exchange, official media reported Sunday.

So far, 20 private security companies out of 57 have applied for underwriters’ licences since January, while 30 for consultants or advisers and seven for brokers and dealers.

Myanmar’s first Yangon Stock Exchange with the abbreviation YEX is originally scheduled to debut in October but has been postponed to late November or early December to make way for the country’s upcoming general election set for November 8.

The commission announced granting of four kinds of services licenses – underwriters, dealers, brokers and consultants and prescribing different levels of capital requirement for each.

Specifically, a license for underwriting requires 15 billion kyats ($20 million), for dealing 10 billion kyats, for brokerage seven billion Kyats and for consultancy business 30 million kyats as paid-up capital. The four kinds of service providers are also allowed to operate with foreign firms under joint ventures in anticipation of speeding up the development of stock market, according to the commission.



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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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