Yangon's unseemly dash for a stock exchange

Political pride and conflicts of interest lie behind the outgoing Myanmar government’s mad dash to list the first shares on the country’s new bourse.

Yangon's unseemly dash for a stock exchange

How many shares do you need to launch a stock market According to Myanmar’s outgoing government, the answer is zero.

The Yangon Stock Exchange was opened to much local fanfare on December 9. It marked the culmination of an economic plan, first announced in 2008 by the outgoing military-backed government to open a bourse by 2015.

The former pariah state’s establishment of a stock exchange is a deliberate proclamation of its desire...

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