Myanmar readies to set up capital market

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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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. 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...

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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