Myanmar parliament’s agenda: reshaping the economy Reply

Workers count Burmese kyat currency at a bank in Yangon, Myanmar.

Workers count Burmese kyat currency at a bank in Yangon, Myanmar.

Reposted from The Chicago Tribune
By Alan Raybould

YANGON (Reuters) – A year and a half after it opened to skepticism from the West, Myanmar’s fledgling parliament reconvenes this week for its biggest task yet: debating an ambitious set of laws to reshape an economy that wilted during half a century of military rule.

The assembly was written off as a sham when it opened in January 2011, but the lawmakers are getting bolder and more vocal and the new session will be a test of their reformist mettle, even if opposition leader Aung San Suu Kyi is not taking her seat this week, citing exhaustion. More…

Burma Needs to Take Stock of the Market 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

Reposted from The Irrawaddy

Burma’s central bank and the Tokyo Stock Exchange (TSE) are expected to sign an agreement shortly to develop a national stock exchange, but economists and financial analysts see little prospect of early progress.

Reports have suggested that an outline agreement could be signed by the end of this month, however there is a mountain of problems to climb before any serious real-time exchange can be up and running. 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…

Tokyo Bourse, Daiwa Sec Agree To Help Myanmar Set Up Stock Exchange -Sources 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

Reposted from The Wall Street Journal
By Kana Inagaki

TOKYO (Dow Jones)–The Tokyo Stock Exchange and Daiwa Securities Group Inc. (8601.TO) have reached an agreement with the Central Bank of Myanmar to help the country establish a stock market by 2015, people familiar with the matter said Wednesday. More…

Investment of the quarter: Myanmar Reply

Bagon, Myanmar

Bagon, Myanmar

Reposted from Camden FO
By Mike Foster

Scarcely a week goes by without a visit to Myanmar (Burma, as was) by western politicians and businessmen. Billionaire George Soros popped over at the start of the year. Microsoft founder Bill Gates is going over any week now.

Everyone talks of the importance of philanthropy. Myanmar’s new president Thein Sein refers to peace, stability and economic development. More…