Myanmar continues capital-market projects despite virusForeign 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. “Post pandemic, we expect to see three or four new main-board listings every year,” he said. “Listed companies can offer foreign investors as many shares as they want,” though a firm’s designation changes into a “foreign entity” if overseas ownership exceeds 35%. The central bank’s recent reduction of interest rates should boost investment in Myanmar’s stock and bond markets, as people with bank deposits may seek alternative, the regulator said.

Source: Bangkok Post July 05, 2020 01:52 UTC