Myanmar readies to set up capital market

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myanmar stock exchangeMyanmar, the only ASEAN country without a stock exchange or any other public capital market, plans to set up a committee to look into the matter of launching a capital market and, later on, a bourse, according to the Ministry of Finance.

The committee would be supported by Japan’s Daiwa Institute of Research. Toshiba, along with Japan’s KDDI Corporation, are currently working on supplying a modular data center for Myanmar’s proposed Yangon Stock Exchange (YSE), planned to be established by the end of 2015 with the help of the Tokyo Stock Exchange.

“We will try to bring about a capital market during this year. This market is very important for the country’s economic development. Having a capital market will enable the entrepreneurs to get access to wider sources of finance,” Maung Maung Thein, deputy minister for finance said according to Eleven Myanmar.

The committee’s role is to firstly set up necessary infrastructures after which it will educate the public about the capital market, and the listing requirements for public companies. A Security Exchange Law has already been passed on July 31.

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Reading Time: 1 minute

Myanmar, the only ASEAN country without a stock exchange or any other public capital market, plans to set up a committee to look into the matter of launching a capital market and, later on, a bourse, according to the Ministry of Finance.

Reading Time: 1 minute

myanmar stock exchangeMyanmar, the only ASEAN country without a stock exchange or any other public capital market, plans to set up a committee to look into the matter of launching a capital market and, later on, a bourse, according to the Ministry of Finance.

The committee would be supported by Japan’s Daiwa Institute of Research. Toshiba, along with Japan’s KDDI Corporation, are currently working on supplying a modular data center for Myanmar’s proposed Yangon Stock Exchange (YSE), planned to be established by the end of 2015 with the help of the Tokyo Stock Exchange.

“We will try to bring about a capital market during this year. This market is very important for the country’s economic development. Having a capital market will enable the entrepreneurs to get access to wider sources of finance,” Maung Maung Thein, deputy minister for finance said according to Eleven Myanmar.

The committee’s role is to firstly set up necessary infrastructures after which it will educate the public about the capital market, and the listing requirements for public companies. A Security Exchange Law has already been passed on July 31.

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