Myanmar, the so-called last frontier for business opportunities in Asia, will be establishing a stock market by 2015 with the help of Japan's Daiwa Securities Group Inc. and Tokyo Stock Exchange Group Inc.
Many Japanese and foreign investors believe that the envisaged stock market will open up numerous business opportunities. At the same time, however, some experts have pointed out that after five decades of the isolation from the global community, Myanmar's transformation from a pariah state to a modern economy will not be quick.
"We are very proud of joining the national project," said Ryota Sugishita, an executive director in charge of consulting for Asian capital market development for Daiwa Institute of Research Ltd. "And we are eyeing joining in the country's securities business in the future."