Views on Life & on Equity Investing

Wonder, Wealth & Abundance

Myanmar – New Frontier

with 4 comments

Though the new Myanmar Companies Law is less than three months away from being officially enforced, interest to list on the Yangon Stock Exchange (YSX) has not picked up as substantially as expected, said U Thet Tun Oo, senior executive manager of the YSX. 
The Myanmar Companies Law, which was enacted December 6, 2017, will come into force on August 1 2018. According to that law, foreign investors will be permitted to take stakes of up to 35 percent in Myanmar companies, including in firms listed on the YSX. 
More here: https://www.mmtimes.com/news/listing-interest-lackluster-despite-upcoming-law.html

Written by amitdipsite

June 12, 2018 at 12:16 am

Posted in Uncategorized

4 Responses

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  1. This looks interesting. How to open the demat account here?

    Prasad

    June 13, 2018 at 4:00 pm

    • No brokers as yet for foreigners, one I know of will open in December 2018 https://www.mmtimes.com/business/17128-thai-myanmar-jv-receives-stock-exchange-broker-licence.html

      amitdipsite

      June 14, 2018 at 8:02 pm

      • Yes. I had got below reply from them:

        From: Khamphawng (KtzRubyHill)
        Sent: Thursday, June 14, 2018 9:05 AM
        To: ‘Prasad Shetty’
        Subject: RE: Account Opening

        Dear Sir,

        Firstly, thanks for the email.

        Anyway the new foreign investment law will be valid in August but for the stock trading it’s will take time . We can’t propose the exact time yet. Cause the preparation for foreign investment in stock is still in progress. We will let you know once the foreigner is allowed asap sir.

        Best Regards,

        Nang Kham Phawng

        Marketing Officer

        Prasad

        June 16, 2018 at 9:36 am


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