Myanmar Monthly Wrap-up: May Reply

An office staff writes on a white board at the Myanmar Securities Exchange Centre in Yangon

An office staff writes on a white board at the Myanmar Securities Exchange Centre in Yangon

By John Conway Boyd

Political reforms implemented by the Myanmar government are beginning to pay off. Many nations are beginning to ease and/or suspend sanctions against Myanmar after decades of severely stunted economic growth within the Southeast Asian nation. Following the suspension of major prohibitions against conducting business in Myanmar by the European Union, Australia and Canada last month, the United States quickly followed suit in mid-May. International investors are now lining up to capitalize on the country’s large labor force, abundant natural resources, competitive wages and strategic location. More…

Asian bourses vie for foothold in Myanmar Reply

Yangon, Myanmar

Yangon, Myanmar

Originally posted by AFP

YANGON: Two of Asia’s biggest stock exchanges are fighting for dominance in the world’s hottest new frontier market as investors beat a path to Myanmar following the end of decades of military rule.

The operator of the Tokyo Stock Exchange announced last month a deal with Myanmar’s central bank to open a stock market in the country formerly known as Burma along with Japan’s Daiwa Securities, after years of discussions. More…