Big obstacles for the planned Myanmar stock exchange

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Myanmar Stock ExchangeMyanmar is facing big problems to implement a stock exchange including a lack of skilled workers, according to Deputy Minister for Finance and Revenue Maung Maung Thein, Eleven Myanmar reported.

The challenges are to have enough employees who have the necessary skills to organise the Stock Exchange Commission (SEC), to implement the basic IT infrastructure, to give advance training and to educate public companies that want to list at the stock exchange, the deputy minister pointed out.

At present, Myanmar has about five companies that qualify for a listing, but there have to be at least 80 companies for the stock exchange to run, according to Soe Thein, Executive Director of Myanmar Securities Exchange Co, Ltd.

The parliament has approved the Securities Exchange Certificate Transaction Law on June 31 and is currently working on passing the by-laws to form associated organisations for the stock exchange.

The transaction law, however, does not mention foreign companies to be included in the exchange market. Now the parliament is revising the Myanmar Companies Act and will try to announce new regulations before 2015, said Aung Naing Oo, Director General of Department of Investment and Companies Administration.

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Reading Time: 1 minute

Myanmar is facing big problems to implement a stock exchange including a lack of skilled workers, according to Deputy Minister for Finance and Revenue Maung Maung Thein, Eleven Myanmar reported.

Reading Time: 1 minute

Myanmar Stock ExchangeMyanmar is facing big problems to implement a stock exchange including a lack of skilled workers, according to Deputy Minister for Finance and Revenue Maung Maung Thein, Eleven Myanmar reported.

The challenges are to have enough employees who have the necessary skills to organise the Stock Exchange Commission (SEC), to implement the basic IT infrastructure, to give advance training and to educate public companies that want to list at the stock exchange, the deputy minister pointed out.

At present, Myanmar has about five companies that qualify for a listing, but there have to be at least 80 companies for the stock exchange to run, according to Soe Thein, Executive Director of Myanmar Securities Exchange Co, Ltd.

The parliament has approved the Securities Exchange Certificate Transaction Law on June 31 and is currently working on passing the by-laws to form associated organisations for the stock exchange.

The transaction law, however, does not mention foreign companies to be included in the exchange market. Now the parliament is revising the Myanmar Companies Act and will try to announce new regulations before 2015, said Aung Naing Oo, Director General of Department of Investment and Companies Administration.

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