Foreign investors are interested in acquiring stakes in local company First Private Bank (FPB), which is listed on the Yangon Stock Exchange (YSX), according to an article in the Myanmar Times. The report, quoting the bank’s CEO U Myint Zaw, said that interest had spiked since August 1, when the new Myanmar Companies Law was enacted, which allows foreigners to own up to 35 percent of local companies. “Foreign banks and financial institutions have shown interest in investing in our company,” Myint Zaw was quoted as saying. “With support from foreign investors, we can improve our capacity building, expand our services and grow our earnings, which will bring more value to shareholders.” New laws regarding trading on the YSX for foreigners are expected by the end of the year, the article said, quoting the bourse’s managing director U Yin Zaw Myo.