Myanmar to set up stock exchange market by 2015
Posted on: 06:06 PM IST Sep 17, 2013
Myanmar will start to set up a stock exchange market by 2015 with the help of Japan, an official said on Tuesday.
Security Exchange will be established this year in line with Security Exchange Law which was passed by parliament and promulgated in July this year, Xinhua cited Eleven Media as quoting Myanmar's Deputy Finance Minister Maung Maung Thein.
The process of setting up the stock exchange will be done through the finance ministry.
The price of real estate is expected to fall once the stock exchange is introduced.
Meanwhile, US companies such as Coca-Cola and Unilever were investing in Myanmar after the US eased economic sanctions on the country last year.
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