Handful of firms may list on Myanmar bourse

Yangon

UP to five companies are expected to list on Myanmar's stock exchange when it opens in October, according to an official overseeing the creation of a market that will help develop an economy stifled by 49 years of military rule.

Due to open a month before the country holds a crucial general election, the Yangon Stock Exchange has suffered a series of delays and authorities are now scrambling to issue listing standards, underwriting, broking and consulting licences to be ready in time.