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…
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…
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…
Reposted from the Wall Street Journal
By MIYUKI SEGUCHI
TOKYO — Myanmar is approaching as many as 22 local companies across a range of industries to list on a new securities exchange it is aiming to set up by 2015, the Japanese head of a joint venture brokerage between state-owned Myanmar Economic Bank and Daiwa Institute of Research said.
The move to launch a full-fledged stock market and revamp the country’s antiquated financial system comes amid recent signs of political and economic reform in Myanmar following decades of secretive military rule. More…
Reposted from AFG Venture Group Dispatches
There has been an increasing amount of column inches devoted to the changes which have occurred in Myanmar, and as one who has had a commercial contact with the country since 1994 when we opened our first office in Yangon, and in 1998 when we first produced the Myanmar Business Guide, the changes which have occurred over the last several years are certainly worthy of comment. More…
Reposted from The Financial Times
UK prime minister David Cameron visits Aung San Suu Kyi
By Emma Boyde
Opposition leader Aung San Suu Kyi’s landslide victory in parliamentary by-elections in Myanmar has effectively fired a starting gun around the investment world.
The result would give her National League for Democracy party 6 per cent of the seats in parliament should legal and other difficulties be overcome. This ushers in the prospect of western nations suspending or dropping sanctions that have prevented or limited outside investment. More…
Reposted from The Cambodia Daily
Shares of the state-owned Phnom Penh Water Supply Authority (PPWSA) will trade at 6,300 riel, or $1.57, when the firm launches its initial public offering (IPO) on the Cambodian bourse on April 18, PPWSA announced yesterday. More…
Reposted from businessweek.com
By Joyce Koh
Min Sovannry hadn’t been born when leaders of the Communist Khmer Rouge took power in 1975 and abolished Cambodia’s money, markets, and financial system. Now Sovannry, a 21-year-old college student, can’t wait to embrace capitalism. One of thousands of Cambodians who have attended stock trading seminars in Phnom Penh, Min says she’ll take as much as one-third of the $300 monthly salary she expects to earn next year and invest it in the country’s stock exchange, which is scheduled to begin trading its first shares in April. “It’s a chance for me to make money from buying stocks instead of putting it in the bank,” she says. More…
Reposted from The Wall Street Journal
By Isabella Steger
While Vietnam was once the darling of Asian emerging markets, its star has waned in the last few years as the country was beset by runaway inflation, wild foreign exchange moves and infrastructure bottlenecks. The default by a state-owned shipbuilder on foreign debt holders and the consistent underperformance of its stock market has also kept foreign investors at bay.
But look again, says Citigroup in a note. Vietnam’s stock market is one of the best-performing frontier markets in the world this year, up 23% year-to-date. More…
Reposted from Reuters
Myanmar Securities Exchange Centre (MSEC) in Yangon
By Aung Hla Tun
(Reuters) – In a quiet room in an aging office block of Myanmar’s commercial capital Yangon, a worker scribbles on a whiteboard beneath a row of out-of-sync clocks, updating prices in what could be the world’s smallest stock market.
Welcome to the Myanmar Securities Exchange, among the best-kept secrets of a repressive country hamstrung by Western sanctions and blighted by 49 years of military rule.
There’s no trading floor, no flashing screens and no televisions showing financial news channels. Just eight employees who handle over-the-counter transactions and manually update share prices, using a whiteboard, a marker pen and a stencil. Every so often, a customer drops by. More…