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Burma May Struggle to Launch Stock Exchange by 2015

6 September 2013

Burma may struggle to meet its goal of launching a stock exchange by 2015, Bloomberg reported Thursday, citing Japan Exchange Group Inc., which is assisting on the project. “We’re pressed for time,” a senior executive at Japan Exchange was quoted as saying, adding that delays in passing a capital markets bill had stalled the project. Burma’s President Thein Sein signed the Securities Exchange Law in July, but Japan Exchange had expected the bill to be passed at the start of the year and told Bloomberg the delay cut the time for developing the bourse by about one year.