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Thursday, November 19, 2015

Yangon Stock Exchange scheduled to be opened on Dec 9

The future home of the Yangon Stock Exchange is seen on a sunny day in Myanmar.

Yangon November 19

Asia Green Development Bank (AGD), Myanmar Agribusiness Public Corporation and First Myanmar Investment Co (FMI) are likely to be the first to sell stocks when Yangon Stock Exchange is opened.

The Central Bank of Myanmar requires the stock transactions to be done in local currency kyat. Though there is no limitation on the amount of transactions, irregular bulk transactions will be monitored, announced the Ministry of Finance.

The Yangon Stock Exchange is scheduled to come into operation in December with around six companies, said Deputy Finance Minister Maung Maung Thein. He said the names of the listed companies allowed for operation and also the date of the launch of share sale will be announced on the opening day of the stock exchange.

He said the Yangon Stock Exchange, first of its kind in Myanmar, will be opened on schedule despite the fact that the term current government is expiring and the next government comes to power next March. (443)

The Myawady Daily, Page(19)

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