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Myanmar Securities Exchange Centre
The Myanmar Securities Exchange Centre (MSEC), located in Yangon, Myanmar, is one of the two stock exchanges in the country. The exchange, a 50-50 joint venture between the state-owned Myanma Economic Bank and the Daiwa Securities Group, currently lists only two securities, both of which are rarely traded. The over-the-counter (OTC) market remains open despite the Yangon Stock Exchange's arrival in 2015. History The MSEC is the country's second stock exchange after the Rangoon Stock Exchange, which traded shares of a few British and American stocks in the 1930s. The fledgling exchange, operated by seven European firms, was a secondary OTC market with most of the quotes sourced from Calcutta and Bombay exchanges. It closed down at the outbreak of World War II. The RSE was revived in the late 1950s to trade shares of nine public-private joint-venture corporations. But this OTC market too died in the 1960s when all the firms were nationalized by the military government A military ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock Exchange
A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividends. Securities traded on a stock exchange include stock issued by listed companies, unit trusts, derivatives, pooled investment products and bonds. Stock exchanges often function as "continuous auction" markets with buyers and sellers consummating transactions via open outcry at a central location such as the floor of the exchange or by using an electronic trading platform. To be able to trade a security on a certain stock exchange, the security must be listed there. Usually, there is a central location for record keeping, but trade is increasingly less linked to a physical place as modern markets use electronic communic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kyauktada Township
Kyauktada Township ( my, ကျောက်တံတား မြို့နယ် ) is the center of downtown Yangon, Myanmar. The township consists of nine wards, and shares borders with Botataung Township in the east, Seikkan Township and Yangon River in the south, Pabedan Township in the west and Mingala Taungnyunt Township in the north. The township is home to many historic buildings, including the Sule Pagoda, the City Hall, the High Court Building, the Strand Hotel as well as embassies of the UK and India. Three of the tallest buildings in Yangon, the Traders Hotel (now Sule Shangri-La), the Sakura Tower, and the Center Point Tower are located in Kyauktada. Many government offices are headquartered here. Maha Bandula Park across from Sule Pagoda The Sule Pagoda ( my, ဆူးလေဘုရား; ) is a Burmese Buddhist stupa located in the heart of downtown Yangon, occupying the centre of the city and an important space in contemporary Burmese politics, ideology ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yangon
Yangon ( my, ရန်ကုန်; ; ), formerly spelled as Rangoon, is the capital of the Yangon Region and the largest city of Myanmar (also known as Burma). Yangon served as the capital of Myanmar until 2006, when the military government relocated the administrative functions to the purpose-built capital city of Naypyidaw in north central Myanmar. With over 7 million people, Yangon is Myanmar's most populous city and its most important commercial centre. Yangon boasts the largest number of colonial-era buildings in Southeast Asia, and has a unique colonial-era urban core that is remarkably intact. The colonial-era commercial core is centered around the Sule Pagoda, which is reputed to be over 2,000 years old. The city is also home to the gilded Shwedagon Pagoda – Myanmar's most sacred and famous Buddhist pagoda. Yangon suffers from deeply inadequate infrastructure, especially compared to other major cities in Southeast Asia, such as Jakarta, Bangkok or Hanoi. Though ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Myanmar
Myanmar, ; UK pronunciations: US pronunciations incl. . Note: Wikipedia's IPA conventions require indicating /r/ even in British English although only some British English speakers pronounce r at the end of syllables. As John C. Wells, John Wells explains, the English spellings of both Myanmar and Burma assume a non-rhotic variety of English, in which the letter r before a consonant or finally serves merely to indicate a long vowel: [ˈmjænmɑː, ˈbɜːmə]. So the pronunciation of the last syllable of Myanmar as [mɑːr] or of Burma as [bɜːrmə] by some speakers in the UK and most speakers in North America is in fact a spelling pronunciation based on a misunderstanding of non-rhotic spelling conventions. The final ''r'' in ''Myanmar'' was not intended for pronunciation and is there to ensure that the final a is pronounced with the broad a, broad ''ah'' () in "father". If the Burmese name my, မြန်မာ, label=none were spelled "Myanma" in English, this would b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Myanma Economic Bank
Myanma Economic Bank ( my, မြန်မာ့စီးပွားရေးဘဏ်; abbreviated MEB) is a commercial public bank in Myanmar (Burma). History Burma Economic Bank was established as subsidiary of the State Commercial Bank (SCB) on 2 April 1976, under the Bank Act of 1975. The law reversed a 1967 law (The People's Bank of the Union of Burma Act of 1967), by splitting the People's Bank into four separate state-owned banks, namely the Union of Burma Bank (UBB), the Burma Economic Bank (BEB), the Burma Foreign Trade Bank (BFTB) and the Burma Agricultural Bank (BAB). In 1963, all banks were nationalized as a result of the Burmese Way to Socialism. The Burmese government had previously consolidated all of these nationalized banks under the People's Bank of the Union of Burma. At its establishment, The Burma Economic Bank was formed to serve as the primary deposit-taking and general banking institution. In 1989, the Myanma Investment and Commercial Bank (MICB) was sep ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daiwa Securities Group
is a Japanese investment bank that is the second largest securities brokerage after Nomura Securities. Major subsidiaries include ''Daiwa Securities'', which offers retail services such as online trading to individual investors and investment banking services in Japan, as well as ''Daiwa Capital Markets'', the firm's international investment banking arm (with a presence across Asia, Europe and North America) that provides M&A advisory, sales and trading services in a variety of financial products to corporate and institutional clients. Other group companies provide asset management, research and private equity fund services. The company is the fourth largest shareholder in SL Green Realty. Member companies * Daiwa Financial Holdings Co., Ltd. * Daiwa Securities Co., Ltd. * Daiwa Asset Management Co., Ltd. * Daiwa Institute of Research Ltd. * Daiwa SB Investments Ltd. * Daiwa Securities Business Center Co., Ltd. * The Daiwa Property Co. Ltd. * Daiwa Capital Markets America In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Myanma Kyat
The kyat (, or ; my, ကျပ် ; ISO 4217 code MMK) is the currency of Myanmar (Burma). The typical notation for the kyat is "K" (singular) and "Ks." (plural), placed before the numerals followed by " /-" The term ''kyat'' derives from the ancient Burmese unit ''kyattha'' ( my, ကျပ်သား), equal to 16.3 (16.329324593) grams of silver. Current MMK exchange rates From 2001 to 2012, the official exchange rate varied between Ks. 5/75 and Ks. 6/70 per US dollar (Ks. 8/20 to Ks. 7/- per euro). However, the street rate (black market rate), which more accurately took into account the standing of the national economy, has varied from Ks.750/- to Ks.1,335/- per USD (Ks.985/- to Ks.1,475/- per EUR). The black market exchange rates (USD to MMK) decrease during the peak of the tourist season in Burma (December to January). On 2 April 2012, the Central Bank of Myanmar announced that the value of the kyat against the US dollar would float, setting an ini ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock Exchange
A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividends. Securities traded on a stock exchange include stock issued by listed companies, unit trusts, derivatives, pooled investment products and bonds. Stock exchanges often function as "continuous auction" markets with buyers and sellers consummating transactions via open outcry at a central location such as the floor of the exchange or by using an electronic trading platform. To be able to trade a security on a certain stock exchange, the security must be listed there. Usually, there is a central location for record keeping, but trade is increasingly less linked to a physical place as modern markets use electronic communic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Over-the-counter (finance)
Over-the-counter (OTC) or off-exchange trading or pink sheet trading is done directly between two parties, without the supervision of an exchange (organized market), exchange. It is contrasted with exchange trading, which occurs via exchanges. A stock exchange has the benefit of facilitating liquidity, providing transparency, and maintaining the current market price. In an OTC trade, the price is not necessarily publicly disclosed. OTC trading, as well as exchange trading, occurs with commodities, financial instruments (including stocks), and derivative (finance), derivatives of such products. Products traded traditional stock exchanges, and other regulated bourse platforms, must be well standardized. This means that exchanged deliverables match a narrow range of quantity, quality, and identity which is defined by the exchange and identical to all transactions of that product. This is necessary for there to be transparency in stock exchange-based equities trading. The OTC ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yangon Stock Exchange
The Yangon Stock Exchange ( my, ရန်ကုန်စတော့အိတ်ချိန်း; abbreviated YSX) opened on December 2015, at the former Central Bank of Myanmar and Myawaddy Bank headquarters in Yangon. On 23 December 2014, two Japanese firms, Daiwa Institute of Research, the research arm of Daiwa Securities Group and Japan Exchange Group, established a joint venture with the state-owned Myanma Economic Bank to establish this stock exchange. The joint venture firm, the Yangon Stock Exchange-Joint Venture Limited will have a working capital of . The Securities and Exchange Commission has selected Kanbawza Bank to be YSX' settlement bank. Building history The YSX building, located on the corner of Sule Pagoda Road and Merchant Street, formerly housed the Central Bank of Myanmar. The neoclassical structure was designed by G Douglas Smart, and opened in 1939, as the Rangon branch of the Reserve Bank of India, and managed British Burma's financial system, even aft ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rangoon Stock Exchange
The Rangoon Stock Exchange was a secondary over-the-counter (OTC) stock market that operated in Yangon from the 1930s to 1941 and from the late 1950s to the early 1960s. The fledgling exchange, operated by seven European firms, was a secondary OTC market for a few British and American stocks with most of the quotes sourced from Calcutta and Bombay Stock Exchanges. It closed down at the outbreak of World War II in 1941. It was revived in the late 1950s to trade shares of nine public-private joint-venture corporations. But this OTC market too died in the 1960s when all the firms were nationalized by Gen. Ne Win's military government A military government is generally any form of government that is administered by military forces, whether or not this government is legal under the laws of the jurisdiction at issue, and whether this government is formed by natives or by an occup ... that seized power in 1962.Yin Yin Mya 2000: 54 References Bibliography * {{cite book , author=Yin Y ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Union Revolutionary Council
The Union Revolutionary Council ( my, နိုင်ငံတော်တော်လှန်ရေးကောင်စီ), officially the Revolutionary Council of the Union of Burma ( my, ပြည်ထောင်စုမြန်မာနိုင်ငံတော်လှန်ရေးကောင်စီ) or simply the Revolutionary Council (RC; my, တော်လှန်ရေးကောင်စီ), was the supreme governing body of Burma (now Myanmar) from 2 March 1962, following the overthrow of U Nu's civilian government, to 3 March 1974, with the promulgation of the 1974 Constitution of Burma and transfer of power to the Pyithu Hluttaw (People's Assembly), the country's new unicameral legislature. The Revolutionary Council's philosophical framework was laid in the Burmese Way to Socialism, which aspired to convert Burma into a self-sustaining democratic socialist state, on 30 April 1962. On 4 July 1962, the RC established the Burma Socialist Programme Pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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