Myanmar’s stock exchange promoted

Government and financial officials in Myanmar have held an event to attract investors to the country’s first stock exchange, which is still immature.

The Yangon Stock Exchange was established with the help of Japanese businesses three years ago. But so far only five companies are listed on the market.

The officials invited domestic and foreign investors to tout the market.

The stock market will be open to foreign firms and individuals by the end of this year under the government’s deregulatory policy.

The deputy minister of Myanmar’s Ministry of Planning and Finance, U Maung Maung Win, asked foreign investors to come to the market, saying the law has been revised to welcome them.

A Japanese official of the exchange, Masaharu Harada, said opening to foreign investors is a great chance. He suggested it could help increase the number of listed companies and create the system for funding them.

Source: NHK

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