Yangon Stock Exchange marks 7th anniversary celebration

The 7th anniversary of Yangon Stock Exchange took place on 25 March at Parkroyal Yangon Hotel in Yangon.
Yangon Region Chief Minister U Soe Thein, Yangon Command Commander Maj-Gen Nyunt Win Swe, Chairman of Supervisory Commission for Securities Exchange Deputy Minister for Planning and Finance U Maung Maung Win and officials related to the securities exchange attended the event.
At the ceremony, the deputy minister said that the Yangon Stock Exchange, established as a joint venture between the Myanma Economic Bank, Japan’s Daiwa Research Group and the Japan Stock Exchange Group, launched its operations on 9 December 2015. It has been 7 years since FMI, the first listed company, started receiving and trading shares on 25 March 2016, he added.
The government lists the relaxation of Corporate Income Tax for companies on the Yangon Stock Exchange is enacted every year when the Union Tax Law is promulgated yearly for contributing to competitiveness of these listed companies in the market.
He continued that the listed companies need to properly conduct their business in accordance with existing laws, and on the other hand, they need to adhere to good corporate governance systems and transparent disclosure systems.
Managing Director of Yangon Stock Exchange U Win Naing Oo, UMFCCI President U Aye Win, and Chairman of the Myanmar Certified Public Accountants Association U Wan Tin delivered speeches.
Next, a discussion on the topic of Future Growth with Financing Options in Myanmar was held at the event.—MNA/KZL

Share this post
Hot News
Hot News
Bagan has more than 20 must-see art destinations besides famous pagodas: says MORAC director
Rising transportation cost, increase in cattle price, being close to Thingyan lead to rise in beef price
Myanmar Letwei fighter Thant Zin to miss tonight’s One Championship event due to health emergency
Machine-made brick trade good despite slight decline in price
Bamboo growers on the rise as bamboo products rebound in local and foreign markets
Appointment of Head of Service Organization
59th Gems Emporium to feature pearls, gemstones, and jade sets
Lacquerware Technology College prepares multifaceted welcome for foreign visitors
Chairman of SSMNC receives Chinese Ambassador to Myanmar and party
Myanmar-Russian armed forces exchange honorary medals for further cementing strategic partnership relations, military and civilian technological cooperation