September 4, 2013
Myanmar is running behind schedule for starting a stock exchange by 2015 after delays in getting the legal framework in place, said an executive at Japan Exchange Group Inc., which is assisting on the project.
“We’re pressed for time,” Koichiro Miyahara, senior executive officer at Japan Exchange, said in an interview in Tokyo on Aug. 27. More…
September 3, 2013
Source: Pathfinder Capital
Last month we visited Mozambique in order to further explore the farmland and agricultural sector in this fast-growing country. While our principal task was to refine the strategy for our forthcoming Frontier Agricultural Fund, we believe that the country’s recent history can best be illustrated through our experience at the Mozambique Stock Exchange. More…
July 18, 2013
Reposted from Mizzima
By Nan Myint
Deputy Minister for Finance and Revenue, Maung Maung Thein confirmed on 15 July that Myanmar will begin implementing a stock exchange market this year.
Earlier announcements state the stock exchange market will be established by 2015, but preparations are already under way.
“Earlier we planned to begin in 2015, but it would be too late. So, we are beginning this year,” says Maung Maung Thein.
The Central Bank of Myanmar is cooperating with the Daiwa Research Institute and Japan’s Tokyo Stock Exchange to establish Myanmar’s stock exchange. Later this month, Maung Maung Thein says there will be a demonstration on the operation of the stock exchange with the help of a Myanmar IT company. More…
July 2, 2013
Reposted from China Daily Asia
By Ben Yue
Chinese investors liken phnom penh’s nascent market to their own bourses’ frantic early days
Chinese businessman Dai Weifeng was among the first investors in Cambodia’s nascent stock market, snapping up the country’s first stock, the Phnom Penh Water Supply Authority (PPWSA), when it went public on 18 April 2012. The 34-year-old Dai, who sells distilled water in Phnom Penh, managed to buy 20,000 shares after the stock was 17 times over-subscribed.
The stock jumped from its IPO price of 6,300 riel ($1.58) a share to 9,300 riel on the first day of trading and peaked at 10,200 riel on the fourth day. Dai didn’t sell — he wanted to make more — but the price never hit that high again.
June 19, 2013
At the moment, there are 13 stocks trading on the Libyan Stock Market
Reposted from Pathfinder Ventures
By Kevin Virgil
I spent most of the past week in Tripoli, Libya. The primary intent for this trip was to choose a location that will house our long-awaited property venture there. That part of the trip went well; we have access to several feasible options in the city’s two best neighborhoods. Insh’allah (as they say here) we will finish negotiations and sign a lease within the next month; at that point the real adventure will begin… More…
May 30, 2013
Central Bank Deputy Governor Maung Maung Win speaks at Traders Hotel in Rangoon on Wednesday morning.
Reposted from The Irrawaddy
By Simon Roughneen
RANGOON — Burma remains on track to establish a stock exchange in the commercial hub of Rangoon by the end of 2015, Burma’s Central Bank Deputy Governor Maung Maung Win said on Wednesday.
The official told a gathering of local and international would-be investors in Rangoon on Wednesday morning that the proposed Yangon Stock Exchange (YSE, using the official name for Rangoon, Burma’s biggest city) is needed to boost Burma’s economic growth. At present, local businesses must depend on bank loans for financing in what remains the only country in the Association of Southeast Asian Nations (Asean) without a stock exchange.
“The SEC [Securities and Exchange Law] is vital to the economic development of our country,” the deputy governor said, adding that the law, which was sent back to Burma’s Parliament in March by President Thein Sein, is expected to be discussed in Parliament over the summer with a view to it being passed before autumn. More…
April 13, 2013
Reposted from The Himalayan Times
More than 300 companies are listed on the Nepal Stock Exchange
KATHMANDU: Investors experienced almost a yearlong bullish streak following three long years of a bearish trend as the stock market index surged by 63.5 per cent in the year 2069 BS.
The secondary market that had closed at 319.94 points in the last trading day of 2068 BS‚ reached 523.41 points by the closing of the last trading day of this year‚ gaining a whopping 203.47 points. This is first time in the last five years that the market has closed at such a high. More…
December 17, 2012
Reposted from The Bangkok Post
Myanmar companies seeking to raise funds for projects in their country’s fast-developing economy might be able to manage “backdoor’’ listings in Thailand, a recent conference in Kuala Lumpur heard.
Myanmar experts based in Thailand were the key speakers at the “Invest Myanmar 2012” conference organised by the training and conference management firm Solomon Wise. More…
October 4, 2012
Papua New Guinea strives to strengthen securities markets
Reposted from Fiji Sun
By Emmanuel Maipe
Port Moresby: Minister for Trade, Commerce and Industry Richard Maru has vowed to strengthen the securities market through proper regulatory framework and legislation.
He told reporters last week there had been a lack of growth in the business of securities and investment managers, trustees, and funds managers due to lack of proper regulation and legislation in place to address it. More…