Myanmar set to open first stock exchange by October

YANGON: Myanmar's deputy finance minister has said the country will launch its first official stock exchange by October, as the emerging economy takes another step towards opening up after decades of isolation.

Maung Maung Thein said the former junta-run nation was on track to launch the bourse in the country's main commercial hub of Yangon.

"Our target date is October 2015 at the latest. But it may be earlier," he told AFP yesterday from the capital Naypyidaw, adding that "no more than five companies" would be listed on the stock exchange to begin with.
Myanmar's central bank signed a joint venture agreement with Japan Exchange Group and Daiwa Institute of Research, the research arm of Daiwa Securities Group, last month to set up and run the Yangon Stock Exchange following years of discussions.
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