Sign up | Log in



Home  >>   Daily News  >>Myanmar>>Capital Markets>> Myanmar launches stock exchange
NEW UPDATES Asean Affairs   11  December  2015  

Myanmar launches stock exchange

MYANMAR officially launched its first modern stock exchange yesterday, but without a single stock to trade, as the nation’s latest drive for economic revitalisation struggles to take flight.

Aung San Suu Kyi’s pro-democracy party swept elections last month, boosting confidence in the former junta-run nation’s reforms.

Myanmar’s launch of a bourse of its own marks an ambitious new stage in efforts to ignite investment.

Crowds gathered Wednesday outside the elegant newly restored colonial-era building in the heart of Yangon to witness the stock market’s official launch.

But they were not listening for the toll of a trading bell because the exchange has yet to list a single firm.

Delays in confirming underwriting companies have pushed back the timeframe for initial public offerings.

“It will take time to be up and running, maybe two or three months,” said Tin May Oo of Myanmar’s Securities and Exchange Commission, lauding the benefits of a transparent trading system.

Officials expect a clutch of local firms to kick-start the stock exchange when it is fully operational.

Businesses, stifled for years under the economic mismanagement of the former junta, have welcomed the chance to raise funding through the market.

“I can save money from my salary at the end of the month but it’s not enough to run my own business so the stock exchange will be my hope,” said graphic designer Lin Aung.

“I will watch their transactions and processes for a few months to learn about stock markets, and then I hope I will have a chance to participate,” he told AFP.

The bourse has been decades in the making in Myanmar, one of only a handful of nations without a modern stock exchange.

“Every country needs a capital market and ours will bring new investment opportunities,” Aung Tun Thet, an advisor to the president’s office, told AFP recently.

In 1996, Japanese firm Daiwa Securities and a state bank set up the Myanmar Securities Exchange Centre, but this allowed over-the-counter sales of shares in just two firms, a Myanmar timber company and bank.

Official media has said state-owned Myanma Economic Bank will own a controlling 51 per cent stake in the Yangon Stock Exchange (YSX), with the remainder divided between Japanese partners the Japan Exchange Group and Daiwa Institute of Research, the research arm of Daiwa Securities Group.

Myanmar was under the thumb of the military for more than 50 years.

A once-buoyant economy was dismantled by bungled state-controlled policy and heavy sanctions imposed by western nations for major human rights abuses.

But reforms since 2011 have seen the door creak open to a potential consumer market of 51 million people.

The nation still faces major challenges including rampant corruption, poor legal protections for businesses and dismal infrastructure.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           December  11 , 2015 Subsribe Now !
• Hotel boom leaves hospitality sector with an empty feeling Subcribe: Asean Affairs Global Magazine
• Myanmar launches stock exchange
• ASEAN seen to become satellite navigation hotspot by 2020
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Twenty IPOs worth $179m launch in Dec
VN looking at $4 billion trade deficit in 2015
Asean Analysis                   December 4, 2015
• Asean Analysis December 4, 2015
Southeast Asian Nations Watch Paris for Deal to Cut Greenhouse Gases
Advertise Your Brand

Asean Stock Watch  December  9,  2015
• Asean Stock Watch-December 9, 2015
The Biweekly Update
• The Biweekly Update December 4, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


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






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand