Myanmar opens first stock exchange
Myanmar’s first stock exchange was officially inaugurated in Yangon on December 9 with six local companies listed.
Government officials clap during the opening ceremony of the Yangon Stock Exchange on Dec. 9 (Source :Reuters)Speaking at the grand opening ceremony of the Yangon Stock Exchange (YSE), Finance Minister U Win Shein said the exchange will help the economy develop effectively by encouraging and supporting the capital market, which is necessary for the development of the national economy.
According to Deputy Finance Minister Maung Maung Thein, transactions on the YSE will start at the end of February or early March 2016.
The exchange is expected to create more favourable conditions for Myanmar’s businesses to mobilise funds while stimulating the fledgling economy.
Currently, the YSE is operated by the Myanmar Economic Bank in partnership with Japan's Tokyo Stock Exchange and Daiwa Institute of Research.-VNA
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