Economy and commerce

Securities exchange (stock market)

Sihanoukville port operator still on course for IPO

The state operator of Cambodia’s only deep-water port remains on course to float shares on the stock exchange and is seeking ways to speed up the listing. Officials at Sihanoukville Autonomous Port met with representatives of the Ministry of Economy and Finance yesterday to discuss the ...

SE Asia stocks higher on Wall Street rally, stimulus hopes

Southeast Asian stocks closed higher on 12 July as risk appetite improved after an overnight rally on Wall Street and as a new round of monetary easing from Japan raised expectations of more stimulus from global policy makers. In Japan, Prime Minister Shinzo Abe ordered a new ...

Vietnam stock exchange to be based in HCM city

“The Vietnam Stock Exchange to be based in HCM City is within the Government’s goal of quickly turning HCM City into the country’s largest financial center,” Tran Dac Sinh, Chairman of the Management Board of the HCM City Stock Exchange, told business news site Bizlive. As ...

Tokyo stocks dive more than 8% on Brexit shock: report

Tokyo stocks went into a hair-raising dive on Brexit fears, plunging more than 8 per cent Friday (Jun 24), as major firms’ shares including Toyota and mobile carrier SoftBank went into freefall.The benchmark Nikkei 225 index at the Tokyo Stock Exchange dropped as much as ...

Exporters ask for exchange solution

Yangon business leaders have joined a call for the new government to address exchange rate regulations, which they say are causing difficulties for exporters trying to convert their earnings back into Myanmar kyat. The problem is that the Central Bank only allows lenders to conduct foreign ...

Asia stocks sag as oil slip dampens sentiment, dollar stalls

Asian stocks sagged on 1 June as a slip in crude oil prices dampened investors’ appetite for riskier assets, while the recently bullish dollar stalled against the euro and yen following a mixed bag of U.S. economic data. There was little market reaction to the official and private ...

Investor excitement builds ahead of MTSH listing

Investor appetite is high for shares in Myanmar Thilawa SEZ Holdings Limited, which will on 20 May become the second company to list on the Yangon Stock Exchange, securities firms say. MTSH, established in 2013 by a nine-shareholder consortium, will list 3.9 million shares at a base ...

Battle over mangrove sees SEZ trump NGO

A special economic zone developer will be allowed to continue bulldozing a mangrove forest in Preah Sihanouk province’s Teuk Thla commune, the provincial governor said on 10 May. Civil society groups had persuaded the provincial Fisheries Administration to ask the governor to protect the ecosystem, which ...

Yangon stock exchange on track for March trading debut

The Yangon Stock Exchange (YSX) is expected to begin shares trading by the second week of March, with dry-run testing already underway, an official from the Securities Exchange Commission of Myanmar (SECM) told The Irrawaddy on 29 February. Though the YSX officially “launched” late last year ...

Vietnam wants more foreign investors for stock market after bullish year

A better legal framework and a stronger privatization drive of state-owned enterprises are key measures for Vietnam’s securities market to keep attracting foreign investors this year, a senior official has said.   Speaking to news website VnEconomy on 16 February, Vu Bang, chief of the State Securities ...

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