Myanmar inaugurates new stock exchange

Myanmar inaugurated a new stock exchange on Wednesday with plans for six companies to start trading in March next year.

The Yangon Stock Exchange will initially be open only to Myanmar companies and investors, Minister of Finance Win Shein said.

Myanmar had a stock exchange during its years of military rule but it attracted few companies and trading was almost nonexistent.

The Yangon Stock Exchange is being set up with Japanese assistance.

He also said planned law changes will eventually allow foreigners to invest in Myanmar shares.