Economy Yangon Stock Exchange to be located in Myawaddy Bank building According to Dr. Maung Maung Thein, Deputy Minister of Finance, the Yangon Stock Exchange, to be established in 2015, will be located at the Head Office of Myawaddy Bank at the corner of Merchant Road and Sule Pagoda Road in Yangon. The building was formerly used as the Central Bank’s Head Office and an office of the Indian Central Bank in 1936. Plans for the Yangon Stock Exchange were unveiled in 1996 by the Union Solidarity and Development Party (USDP), but implementation failed for various reasons. According Dr. Maung Maung Thein, a committee has been formed with representatives from Myanmar Insurance Enterprise, Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), Myanmar Banks Association and the Ministry of Finance, to implement the Ministry’s plans to locate the exchange at the specified location. Training and development programs as well as education programs on technical aspects of the market are being provided to employees, in an attempt to get ready for the upcoming stock exchange. Source:Thura Swiss
Posted on: Fri, 13 Sep 2013 05:27:48 +0000