[TOKYO] Myanmar is running behind schedule for starting a stock exchange by 2015 after delays in getting the legal framework in place, said an executive at Japan Exchange Group Inc, which is assisting on the project.
"We're pressed for time," Koichiro Miyahara, senior executive officer at Japan Exchange, said in an interview in Tokyo on Aug 27. He said the late approval of a capital markets bill has delayed the project, and it's up to the Myanmar government as to how fast it can set up related organisations such as a securities regulator.
Japan Exchange's predecessor Tokyo Stock Exchange Group Inc and Daiwa Securities Group Inc were chosen last year to help Myanmar set up a stock exchange as the South-east Asian nation opens itself from decades of isolation and military rule.
Companies from Coca-Cola Co to Unilever plc are investing in the country of 64 million people after the United States eased economic sanctions last year.
http://www.information.myanmaronlinecentre.com/myanmar-behind-schedule-for-2015-opening-of-bourse/
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