doing business in myanmar – what you need to know as a singaporean
The novel coronavirus outbreak has derailed Myanmar’s move to open its stock market to foreign investors.
Only two of the country’s five listed securities have attracted international traders since rules were relaxed on March 20, leaving their foreign-shareholding ratios at minimal levels. Officials had hoped to attract funds from both expatriates and non-resident foreigners.
“After two trading days when we allowed foreigners to participate on the exchange, the outbreak began in Myanmar, so the majority of expatriates rushed home,” Thet Htun Oo, executive senior manager at the Yangon Stock Exchange, said in an interview Friday.
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Source : Bloomberg
