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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 any government that is administered by a military, whether or not this government is legal under the laws of the jurisdiction at issue or by an occupying power. It is usually administered by military personnel. Types of m ... that seized power in 1962.Yin Yin Mya 2000: 54 References Bibliography * {{cite book , author=Yin ... [...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 system to process financial transactions. To be able to trade a security on a particular 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 mod ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Burmese Rupee
The rupee was the currency of Burma (now Myanmar) between 1852 and 1952, except for the years 1943–1945. History When Burma was conquered by the British, the Indian rupee replaced the kyat at par. From 1897, the government of India issued notes in Rangoon of the same general type as were issued in India but featuring languages used in Burma rather than those of India. In 1917 and again from 1927, Indian notes were overprinted for use in Burma. When Burma became a separate colony in 1937, a separate issue of paper money was made for use only in Burma but no separate coinage was issued. When the Japanese invaded Burma in 1942, they introduced a new currency: the rupee, divided into 100 ''cents''. This currency was only issued in paper form. The rupee was replaced by the kyat in 1943. In 1945, the Japanese occupation currency was declared worthless and Burma reverted to using Indian coinage and its own rupee paper money, with the pre-war value of the Burmese rupee restored. Fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Myanma Kyat
The kyat ( or ; ; 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 "/-". Amounts less than K. 1/- are typically denoted with the number of pyas following "-/" (e.g. -/50 denotes half a kyat). The term ''kyat'' derives from the Myanmar units of measurement, Burmese unit ''kyattha'' (), 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). During ... [...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. 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 derivatives of such products. Products traded on 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 market does not have this limitation. Parties may ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yangon
Yangon, formerly romanized as Rangoon, is the capital of the Yangon Region and the largest city of Myanmar. Yangon was the List of capitals of Myanmar, capital of Myanmar until 2005 and served as such until 2006, when the State Peace and Development Council, military government relocated the administrative functions to the purpose-built capital city of Naypyidaw in north central Myanmar. With over five 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 Downtown Yangon, 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 Sou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Calcutta Stock Exchange
Calcutta Stock Exchange (CSE) was an Indian stock exchange based in Kolkata, India. It is owned by Ministry of Finance, Government of India. It is one of oldest stock exchanges in Asia and third largest bourse in India. It was founded in May 1908 at 2, China Bazar Street. The Calcutta Stock Exchange has been asked to exit by SEBI, but the matter is ''sub judice'' before the Calcutta High Court; thirteen other regional stock exchanges have closed in the last three years under SEBI's exit policy, including the Bangalore Stock Exchange, the Hyderabad Stock Exchange and the Madras Stock Exchange. Since 2013, there has been no trading on the CSE trading platform. History and timeline In 1830, bourse activities in Kolkata were conducted under a neem tree. The earliest record of dealings in securities in India records trading of the British East India Company’s loan stock. The exchange was founded on 1 December 1863 by sixteen leading stockbrokers, beginning life in rented pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bombay Stock Exchange
BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange based in Mumbai. It is the 6th largest stock exchange in the world by total market capitalization, exceeding $5 trillion in May 2024. Established with the efforts of cotton merchant Premchand Roychand in 1875, it is the oldest stock exchange in Asia, and also the tenth oldest in the world. History Bombay Stock Exchange was founded by Premchand Roychand in 1875. While BSE Limited is now synonymous with Dalal Street, it was not always so. In the 1850s, four Gujarati and one Parsi stockbroker gathered together under a Banyan tree in front of Bombay (now Mumbai) Town Hall, where Horniman Circle is now situated. A decade later, the brokers moved their location to under the banyan trees at the junction of Meadows Street and what was then called Esplanade Road, now Mahatma Gandhi Road. With a rapid increase in the number of brokers, they had to shift places repeatedly. At last, in 1874, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ne Win
Ne Win (; ; 24 May 1911 – 5 December 2002), born Shu Maung (; ), was a Burmese army general, politician and Prime Minister of Burma from 1958 to 1960 and 1962 to 1974, and also President of Burma from 1962 to 1981. Ne Win was Burma's military dictator during the Socialist Burma period of 1962 to 1988. Ne Win founded the Burma Socialist Programme Party (BSPP) and overthrew the democratic Union Parliament of U Nu in the 1962 Burmese coup d'état, establishing Burma as a one-party socialist state under the Burmese Way to Socialism ideology. Ne Win was Burma's ''de facto'' leader as chairman of the BSPP, serving in various official titles as part of his military government, and was known by his supporters as U Ne Win. His rule was characterized by a non-aligned foreign policy, isolationism, one-party rule, economic stagnation, and superstition. Ne Win resigned in July 1988 in response to the 8888 Uprising that overthrew the Burma Socialist Programme Party, and was rep ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Union Revolutionary Council
The Union Revolutionary Council (), officially the Revolutionary Council of the Union of Burma () or simply the Revolutionary Council (RC; ), 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 Party (BSPP), the country's only legal political party which Donald M. Seekins claims was modelled along the lines of a Marxist–Leninist revolutionary party. From 1962 to 1971, BSPP transitioned from a cadre party (consisting of elite RC affiliated members) into a mass party ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of Myanmar
The economy of Myanmar is the seventh largest in Southeast Asia. After the 2011–2015 Myanmar political reforms, return of civilian rule in 2011, the new government launched Economic liberalization in Myanmar, large-scale reforms, focused initially on the political system to restore peace and achieve national unity and moving quickly to an economic and social reform program. Current economic statistics were a huge decline from the economic statistics of Myanmar in the fiscal year of 2020, in which Myanmar’s nominal GDP was $81.26 billion and its purchasing power adjusted GDP was $279.14 billion. Myanmar has faced an economic crisis since the 2021 Myanmar coup d'état, 2021 coup d'état. According to International Monetary Fund (IMF) Myanmar GDP per capita in 2024 is estimated to reach $1.179 History Classical era Burma has been the main trade route between China and India since 100 BC. The Mon Kingdom of lower Burma served as important trading centre in the Bay of Bengal. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock Exchanges In Asia
Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the Share (finance), shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. This typically entitles the shareholder (stockholder) to that fraction of the company's earnings, proceeds from liquidation of assets (after discharge of all Seniority (financial), senior claims such as secured and unsecured debt), or Voting interest, voting power, often dividing these up in proportion to the number of like shares each stockholder owns. Not all stock is necessarily equal, as certain classes of stock may be issued, for example, without voting rights, with enhanced voting rights, or with a certain priority to receive profits or liquidation proceeds before or after other classes of Shareholder, shareholders. Stock can be bought and sold over-the-counter (finance), privately or on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Stock Exchanges
{{Disambiguation ...
Defunct may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the process of becoming antiquated, out of date, old-fashioned, no longer in general use, or no longer useful, or the condition of being in such a state. When used in a biological sense, it means imperfect or rudimentary when comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
