Myanmar delays launching stock exchange

XINHUA, YANGON: Myanmar has delayed the launch of the country’s first ever stock exchange until the first week of December for the general election scheduled in early November, the Finance Ministry said yesterday.
The planned Yangon Stock Exchange, or YEX, was originally scheduled to debut in October but was so postponed to make way for the country’s upcoming general election set for November 8.
The stock exchange will be operated by the Myanmar Economic Bank in partnership with Japan’s Tokyo Stock Exchange and Daiwa Securities Group.
Only a small number of companies is said to be allowed to list on the stock exchange initially to highlight quality.
The first batch of listed companies include the Asia Green Development Bank, Myanmar Agribusiness Public Corporation and First Myanmar Investment Co., Ltd.

Myanmar delays launching stock exchange

XINHUA, YANGON: Myanmar has delayed the launch of the countrys first ever stock exchange until the first week of December for the general election scheduled in early November, the Finance Ministry said yesterday. The planned Yangon Stock Exchange, or YEX, was originally scheduled to debut in October but was so postponed to make way for the countrys upcoming general election set for November 8. The stock exchange will be operated by the Myanmar Economic Bank in partnership with Japans Tokyo Stock Exchange and Daiwa Securities Group. Only a small number of companies is said to be allowed to list on the stock exchange initially to highlight quality. The first batch of listed companies include the Asia Green Development Bank, Myanmar Agribusiness Public Corporation and First Myanmar Investment Co., Ltd.