Pick a dance partner carefully in this market

Myanmar is doing what it can to boost its sagging stock market, including starting a second board just for foreign investors. But it would be wise to go in with open eyes.

Fri, Oct 25, 2019 - 5:50 AM

HARISH MEHTA

There has not been much action on the Yangon Stock Exchange, with just five stocks listed since it opened in 2015. Myanmar nationals prefer fixed deposit accounts with the local banks, or in gold bars and jewellery.

FILE PHOTO: BLOOMBERG

THE floor is getting dusted with powder, but where are the dancers?

The Securities and Exchange Commission (SEC) of Myanmar, in an attempt to boost the sagging stock market, announced this month that it would create a second board next year, one in which foreigners would be allowed to...