Myanmar banks

Myanmar to open capital markets by 2015

Banks, miners and hotels are likely to be among the first to list on the Yangon Stock Exchange as early as in October 2015 says PwC.
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Myanmar is preparing to establish a stock exchange by 2015
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<div style="text-align: left;"> Myanmar is preparing to establish a stock exchange by 2015 </div>

Myanmar is trying to lure foreign investors by updating its legal and regulatory framework, and opening its stock exchange within the next two years.

Foreign banks will be able to set up joint ventures with local banks by 2015, said Myanmar-based tax advisers at PricewaterhouseCoopers. After establishing JVs, foreign banks will build their own subsidiaries.

About 18 foreign banks have already set up a representative office in Myanmar. Standard Chartered is the latest, having won a licence in January.

The government aims to unbind the limitation by reviewing and updating the existing Financial Institutional Law, and expects to complete the process by 2015....

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