YANGON -- Myanmar will open its first major stock exchange next week after months of delays, authorities said Tuesday, as the long-cloistered economy slowly opens up.
Initially slated for October, the Yangon Stock Exchange (YEX) will now be launched on Dec. 9, according to a statement by the Securities and Exchange Commission of Myanmar.
Its debut was pushed back until after the breakthrough Nov. 8 elections, won handsomely by Aung San Suu Kyi's opposition party.
Suu Kyi's supporters hope her party's landslide win will hasten the pace of economic liberalization in the formerly junta-ruled country. (Courtesy of The China Post)
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