Myanmar to open stock market in Oct

Myanmar to open stock market in Oct

YANGON — Myanmar will open its first-ever stock market later this year, the deputy finance minister said Saturday.

"We are ready to start it on October," Maung Maung Thein said.

He also said that stock exchange licences will be issued to companies soon.

"The Securities Exchange Commission will issue licences to the stock companies. It will be happen two or three months later," he said.

The minister said about 10 companies would meet the criteria for initial listing.

The commission was formed in August to supervise the new exchange.

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