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Burma Signs Deal to Set Up Exchange with Japanese Help

30 May 2012

Burma has signed an agreement to set up a securities exchange with the help of Daiwa Securities Group and the Tokyo Stock Exchange in a bid to attract foreign investment. The deal, signed in Naypyidaw on Tuesday, will include training for Burmese nationals and support in the management of the exchange. “When the capital market is formed and after it starts functioning properly, Myanmar’s economy will develop rapidly, helping the country to get richer,” said Takashi Fukai, the president of Daiwa Research Institute, in an interview with Reuters.