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 to modernise and become an appealing investment destination. But while the ribbon-cutting ceremony may have garnered international headlines, the bourse itself is empty.
Maung Maung Thein, who is both the deputy finance...