Foreigners may invest in Burma’s stock exchange

Foreigners will be able to buy shares in the forthcoming Yangon Stock Exchange (YSX), Deputy Finance Minister Maung Maung Thein has said, but only after archaic financial regulation laws have been updated. Under the 1914 Companies Act, a company is defined as foreign-owned if even a single share is owned by a non-citizen. This creates restrictions, such as constraints on purchasing land. Burma will work on the basis where share majority is used to identify if a company is foreign- or domestically-owned, Maung Maung Thein said.