Government officials clap during the opening ceremony of the Yangon Stock Exchange on Dec. 9 (Source :Reuters)
Hanoi (VNA) – Myanmar’s fir🉐st stock exchange w🅰as officially inaugurated in Yangon on December 9 with six local companies listed.
Speaking at the grand opening ceremony of the Yangon Stock Exchange (YSE), Finance Minister U Win Shein said the exchange will help the economy develop effectively by encouraging and supporting the capital market, which is necessary for the development of the national economy.
According to Deputy Finance Minister Maung Maung Thein, transactions on the YSE will start at the end of February or early March 2016.
The exchange is expected to create more favourable conditions for Myanmar’s businesses to mobilise funds while stimulating the fledgling economy.
Currently, the YSE is operated by the Myanmar Economic Bank in partnership with Japan's Tokyo Stock Exchange and Daiwa Institute of Research.-VNA
Myanmar's tripartite Union Peace Dialogue Joint Committee (UPDJC) has convened at the Myanmar Peace Centre for the first time to prepare for drafting a dialogue framework under the peace process.
National League for Democracy (NLD) party leader Aung San Suu Kyi will meet President Thein Sein and military chief Min Aung Hlaing on December 2 in Naypyidaw.
The Myanmar's Union Parliament on December 8 approved the Nationwide Cesaefire Accord (NCA) signed between the government and eight ethnic armed groups on October 15.
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