The Yangon Stock Exchange is slated to open later this year, but there is much to do until then. Applications for service providers were due on March 6, one step in many that needs to be completed before the exchange can launch.
Consultancy licences were the hot draw among the four licence classes for service providers on the Yangon Stock Exchange, according to deputy finance minister Dr Maung Maung Thein.
Concern is growing over a jump in the 2015-16 budget deficit, as lower gas exports and higher expenditures, including a civil servant wage hike, have combined to increase the forecast deficit to above a 5 percent-of-GDP target.
Few people would confuse Yangon’s City Circle train line with Japan’s cutting-edge mass transit system. But a taste of Japan is in store for local train commuters following an agreement between railway authorities and Hello Communications Company.