Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    ASEAN+3 Bond Market Guide 2018 Myanmar
    ASEAN+3 Bond Market Guide 2018 Myanmar
    ASEAN+3 Bond Market Guide 2018 Myanmar
    Ebook182 pages1 hour

    ASEAN+3 Bond Market Guide 2018 Myanmar

    By Asian Development Bank

    ()

    Read preview

    About this ebook

    ASEAN+3 Bond Market Guide is a comprehensive explanation of the region’s bond markets. It provides information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction (including settlement systems), and other relevant information. The Bond Market Guide 2018 for Myanmar is an outcome of the support and contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Myanmar.
    LanguageEnglish
    PublisherAsian Development Bank
    Release dateFeb 1, 2018
    ISBN9789292610296
    ASEAN+3 Bond Market Guide 2018 Myanmar

    Read more from Asian Development Bank

    Related to ASEAN+3 Bond Market Guide 2018 Myanmar

    Related ebooks

    Investments & Securities For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      What Is RCEP, The World's Largest Free Trade Deal That Is Under Way?

      Jan 1, 2022

      The Regional Comprehensive Economic Partnership (RCEP) is a free-trade agreement between the 10 Association of Southeast Asian Nations (Asean) members plus Australia, China, India, Japan, New Zealand and South Korea. The deal took effect in Australia

      3 min read

    • Article

      A Global Creditor

      Aug 7, 2020

      A Global Creditor
      4 min read

    • Article

      Changes To Trust Legislation

      Apr 2, 2020

      It has often been considered that the role of trustee of a trust is an onerous one, with trustees exposed to liability claims by beneficiaries if financial decisions don’t work out. This has led to increasing reluctance by professionals to offer them

      2 min read

    • Article

      China GDP: Economy Grew, But 'More Pain Will Come' As Coronavirus, Lockdown Pressures Weigh On Outlook

      Apr 19, 2022

      China's first quarter growth beat expectations, but weaknesses highlighted by the ongoing coronavirus wave hang over the economic outlook, with questions being asked if Beijing will take further action to guard against multiple headwinds. Gross domes

      5 min read

    • Article

      IMF’s SDRs

      Nov 26, 2021

      IMF’s SDRs
      4 min read

    • Article

      For $250, It's Yours

      Apr 5, 2023

      For $250, It's Yours
      4 min read

    • Article

      A Strong Foundation

      May 13, 2019

      A Strong Foundation
      2 min read

    • Article

      Economy

      Apr 1, 2021

      Pilots and testing of the digital yuan are making steady progress, according to Mu Changchun, head of the Digital Currency Research Institute at the People’s Bank of China (PBC), the central bank. Mu made the remarks while addressing a summit at the

      3 min read

    • Article

      Bretton Woods For The South

      Oct 27, 2023

      Bretton Woods For The South
      6 min read

    • Article

      A Golden Key

      Sep 8, 2022

      When the world’s largest free trade bloc was created through the signing of the Regional Comprehensive Economic Partnership (RCEP) agreement by 15 Asia-Pacific economies in November 2020, the huge opportunities it represents inspired countless busine

      4 min read

    • Article

      Taking Stock Of The Market

      Mar 23, 2023

      Brendan Ahern is chief investment officer at KraneShares, a U.S. exchange-traded fund (ETF) provider. He is an expert in global financial markets with a particular focus on China and actively maintains daily contact with an extensive local research n

      4 min read

    • Article

      Joining Hands for a Shared Future

      Apr 14, 2022

      The 2022 Annual Conference of the Boao Forum for Asia (BFA) will take place from April 20-22 in Boao, Hainan Province, themed The World in COVID-19 and Beyond: Working Together for Global Development and Shared Future. The annual conference will be a

      1 min read

    • Article

      At A Crossroads

      Oct 26, 2023

      At A Crossroads
      4 min read

    • Article

      Open for Business

      Feb 8, 2024

      China has recently introduced more than 50 new measures to open up its financial sector, including allowing foreign investors to hold up to 100-percent equity in its banks and insurance institutions. At a press conference on January 25, Xiao Yuanqi,

      2 min read

    • Article

      How We Did It

      Mar 5, 2019

      How We Did It
      5 min read

    • Article

      Boosting the Bay

      May 28, 2020

      Boosting the Bay
      5 min read

    • Article

      Widening the pool

      Apr 26, 2024

      Widening the pool
      7 min read

    • Article

      Economy

      Dec 1, 2022

      Fixed assets investment in road and waterway transport reached nearly 2.47 trillion yuan ($345.5 billion) in the first 10 months of 2022, up 9.5 percent year on year, the Ministry of Transport said. Within this total, 2.34 trillion yuan ($327.6 billi

      3 min read

    • Article

      Ambani’s Next Big Bet

      Sep 15, 2023

      In 2016, Mukesh Ambani’s Jio stormed into the telecom space with a predatory pricing strategy and a network that changed the game for the sector and forced competitors to rush to the drawing board. India became known for low data prices, and other pl

      2 min read

    • Article

      Quick Read

      May 8, 2021

      THE Financial Sector Conduct Authority warns against two entities dealing in cryptocurrencies, Union Fx and FX Trade Bitcoin. It says Union Fx claims to trade in cryptocurrencies, offering unrealistically high returns on investments, while investors

      1 min read

    • Article

      Quick Read

      May 8, 2021

      THE Financial Sector Conduct Authority warns against two entities dealing in cryptocurrencies, Union Fx and FX Trade Bitcoin. It says Union Fx claims to trade in cryptocurrencies, offering unrealistically high returns on investments, while investors

      1 min read

    • Article

      Quick Read

      May 8, 2021

      THE Financial Sector Conduct Authority warns against two entities dealing in cryptocurrencies, Union Fx and FX Trade Bitcoin. It says Union Fx claims to trade in cryptocurrencies, offering unrealistically high returns on investments, while investors

      1 min read

    • Article

      Quick Read

      May 8, 2021

      THE Financial Sector Conduct Authority warns against two entities dealing in cryptocurrencies, Union Fx and FX Trade Bitcoin. It says Union Fx claims to trade in cryptocurrencies, offering unrealistically high returns on investments, while investors

      1 min read

    • Article

      Streamlined Regulation Aims For a Healthier Industry

      Jun 1, 2023

      The National Administration of Financial Regulation (NAFR), a new watchdog for the country’s financial business, was launched on May 18. This agency replaces the China Banking and Insurance Regulatory Commission, which was established in 2018. It als

      2 min read

    • Article

      Building Financial Resilience

      Aug 18, 2023

      THE CURRENT ECONOMIC epoch is fascinating, and India’s exceptional achievements make the country stand out. The country has successfully handled several challenges, including healthcare issues during the Covid-19 outbreak and recent events in Europe,

      3 min read

    Related categories

    Reviews for ASEAN+3 Bond Market Guide 2018 Myanmar

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      ASEAN+3 Bond Market Guide 2018 Myanmar - Asian Development Bank

      I. Overview

      A. Introduction

      The Republic of the Union of Myanmar (hereafter Myanmar) began to emphasize the development of its financial and capital markets in 2008. Much has been achieved since then.

      There were a number of significant milestones in the Myanmar financial and capital markets in 2013, including the Central Bank of Myanmar (CBM) gaining its independence by law from the then Ministry of Finance (MOF), and the passage of the Securities Exchange Law (SEL). The SEL (i) laid the foundation for the key legal framework for the securities market, (ii) established the Securities and Exchange Commission of Myanmar (SECM) and the Yangon Stock Exchange (YSX), and (iii) defined market participants and their activities.¹

      While no defined corporate bond market existed at the time of publication of this Bond Market Guide, the Government of Myanmar began issuing Treasury bonds (T-bonds) in 1993. CBM has been directly issuing T-bonds to the market—both public and private investors—since December 2009.

      Legislative and regulatory efforts are under way to further define, organize, and implement a securities market, its institutions and participants, pursuant to the introduction of the SEL. Based on this law, SECM commenced its work in November 2014. In July 2015, SECM issued the Securities and Exchange Rules (SER) and subsequently released notifications and instructions with further regulations for the securities market.² A complete list of relevant notifications and instructions is provided in Appendix 2.

      By arrangement of MOF and SECM, the YSX was successfully opened on 9 December 2015.³ It began its operation in March 2016 with the equity listing of First Myanmar Investment Co., Ltd and had already achieved three listings as of August 2016. The SECM is now driving the development of the bond market through the issuance of rules and notifications, as well as capacity building efforts.

      Since 2016, Myanmar has experienced comprehensive revisions of the legal framework for its financial and capital markets, including the replacement of fundamental legislation such as (i) the Myanmar Companies Act, 1914;⁴ (ii) the associated Myanmar Companies Rules, 1940;⁵ and (iii) the Myanmar Investment Law, which was announced on 18 October 2016 and subsequently issued with accompanying rules on 30 March 2017. The Myanmar Investment Law, 2016 became effective on 1 April 2017.⁶ The Union President signed into law the new Financial Institutions Law (FIL) in 2016 to regulate the activities of banks and non-bank financial institutions (NBFIs) in the financial and securities market.⁷ The creation of these new laws was supported by both the Asian Development Bank (ADB) and the World Bank.

      The objective has been to bring key legislation in line with current best practices and new developments in financial products and instruments, as well as with the most recent elements of regulatory supervision for various financial institutions and individual market segments, in a harmonized

      Enjoying the preview?
      Page 1 of 1