Jun 7, 2013

Myanmar’s stock exchange coming on its way: officials

Myanmar is now on its way to establish a stock exchange which is scheduled to be completed by 2015, the country’s central bank chairman said on May 31 at a signing ceremony for a MoU between the bank and Daiwa Institute of Research (DIR).

The chairman Than Nyein said, “We are now making necessary preparations for the exchange and a plan has been already prepared for it since 2007. The exchange is currently being mapped out according to the conditions of the regions and states,”

The government is also trying to develop the country’s IT sector as one of the main objectives for the 2015 exchange.

He also added that a law required for the exchange is already approved by the Parliament and sent to the president to consider it, and the president has also sent it back to the parliament after he made some points he want to amend for the law.

The parliament is currently working on the law named “Security Exchange Law” and is expected to pass it in July.

Source: Eleven Weekly Media