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New Light of Myanmar
MYANMAR’S OLDEST ENGLISH DAILY
Volume XXII, Number 41
4th Waxing of Nayon 1376 ME
October 2015 still set for Myanmar’s Yangon
Stock Exchange launch
Old Central Bank building in which Myanmar’s Securities and Exchange Commission’s office is set to open.—Photo: Ye Myint
By Ye Myint
Myanmar’s
deputy minister of finance says the planned launch of Myanmar’s stock exchange is on track for October next year.
“Myanmar’s Yangon
Stock Exchange plan is progressing on schedule,” Dr
Maung Maung Thein said, insisting there will be no delays and the target date will be met.
The deputy minister told a gathering of officials from government and private banks at a joint seminar on Preparation for a Securities Company in Yangon on Saturday that the three components— formation of a securities and exchange commission, launch of Myanmar’s first stock exchange and preparation by companies to be listed—for emergence of a capital market are taking place simultaneously.
He confirmed the commission will emerge very soon, certainly within a month. The deputy minister repeated that the Yangon
Stock Exchange will be operated by Myanmar Economic Bank in partnership with Japan’s Tokyo Stock
Exchange (TSE) and Daiwa
Securities Group, a Japanese securities company and the signing of a joint venture agreement will occur soon after the establishment and operation of a securities regulator. He approved the
SEC will be headquartered on the first floor of old Central Bank building on Sule
Pagoda Road in Kyauktada
Township.
Regarding the preparation for the companies to be listing on the exchange, proposals from six companies with impressive business performances have been received and signings with two companies, including
Asia Green Development
Bank (AGD), have been completed. Arrangements for signed deals with the remaining four are going ahead. He highlighted the importance of quality, saying only a small
MYANMAR’S OLDEST ENGLISH DAILY
Volume XXII, Number 41
4th Waxing of Nayon 1376 ME
October 2015 still set for Myanmar’s Yangon
Stock Exchange launch
Old Central Bank building in which Myanmar’s Securities and Exchange Commission’s office is set to open.—Photo: Ye Myint
By Ye Myint
Myanmar’s
deputy minister of finance says the planned launch of Myanmar’s stock exchange is on track for October next year.
“Myanmar’s Yangon
Stock Exchange plan is progressing on schedule,” Dr
Maung Maung Thein said, insisting there will be no delays and the target date will be met.
The deputy minister told a gathering of officials from government and private banks at a joint seminar on Preparation for a Securities Company in Yangon on Saturday that the three components— formation of a securities and exchange commission, launch of Myanmar’s first stock exchange and preparation by companies to be listed—for emergence of a capital market are taking place simultaneously.
He confirmed the commission will emerge very soon, certainly within a month. The deputy minister repeated that the Yangon
Stock Exchange will be operated by Myanmar Economic Bank in partnership with Japan’s Tokyo Stock
Exchange (TSE) and Daiwa
Securities Group, a Japanese securities company and the signing of a joint venture agreement will occur soon after the establishment and operation of a securities regulator. He approved the
SEC will be headquartered on the first floor of old Central Bank building on Sule
Pagoda Road in Kyauktada
Township.
Regarding the preparation for the companies to be listing on the exchange, proposals from six companies with impressive business performances have been received and signings with two companies, including
Asia Green Development
Bank (AGD), have been completed. Arrangements for signed deals with the remaining four are going ahead. He highlighted the importance of quality, saying only a small