Yangon Stock Exchange opens up to the world
It will be announcing new rules to allow oversees investors to trade as well as lifting restrictions that have long posed a deterrent to foreign participation in its economy.
Add BT as a preferred source
THE Yangon Stock Exchange (YSX) is expected to give foreign investors a New Year's gift. It will soon be releasing new rules to allow them to trade. The market authorities are making all the right moves soon after Myanmar enacted a new companies' law in August this year, lifting restrictions on foreign participation in its fledgling stock market and in the wider economy.
The new stock trading rules may be announced just before the year ends, according to the managing director of the YSX, U Yin Zaw Myo.
Currently, only local investors are trading in the stock market, and foreign investors are awaiting the new rules being drafted by the YSX and the Securities and Exchange Commission of Myanmar (SECM).
Copyright SPH Media. All rights reserved.
