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Myanmar Pushes Ahead With Capital-Market Projects Despite Virus

  • Regulator sees more foreign investment after Covid-19 subsides
  • Stock exchange adds listing, processes applications amid virus
The Yangon Stock Exchange in Yangon.
The Yangon Stock Exchange in Yangon.Photographer: Brent Lewin/Bloomberg

Foreign investment in Myanmar’s fledging capital markets should increase quickly after the pandemic subsides, as the country pushes ahead with new trading platforms for stocks and bonds, according a Securities and Exchange Commission of Myanmar official.

The Southeast Asian nation started allowing foreigners to invest in equities on March 20 -- four days before the country reported its first coronavirus cases. That’s one reason foreigners purchased shares in only three of the six listed companies as of July 1, with a combined 175 million kyats (US$128,790) worth changing hands, mainly in First Myanmar Investment Co. Ltd. and Myanmar Thilawa SEZ Holdings Public Ltd.