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Myanmar to set up stock exchange market by 2015

Date: 18/09/2013
Source: Mizzima
Myanmar to set up stock exchange market by 2015

Myanmar will start to set up a stock exchange market by 2015 with the help of Japan, local Eleven Media quoted Deputy Finance Minister Maung Maung Thein as saying on Tuesday.

Security Exchange will be established this year in line with Security Exchange Law which was passed by the parliament and promulgated in July this year.

The move of setting up the stock exchange will be done through the Ministry of Finance.

The price of real estate is expected to fall once the stock exchange is introduced.

Meanwhile, U.S. companies such as Coca-Cola Co. and Unilever are investing in Myanmar after the United States eased economic sanctions on the country last year.

Topic: Financial
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GDP 2010 USD 45.4 B
GDP 2012 USD 54.0 B
Inflation 9.13 %
Unemployment Approx. 35%
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