In Myanmar, the Yangon Stock Exchange opened in December, but there was a slight problem. There were no stocks to trade. That is set to change, when FMI, a local conglomerate, lists at the end of March. A handful of other stocks will soon follow. Specialist investors will pick-up tiny allocations, as a way to sort out long-term arrangements in the market. However, Myanmar remains the frontier of the frontier. Perhaps we will eventually see a local company trade in Singapore that will be relevant to cross-border portfolio investors. In unrelated news, the country reached a major political milestone this week with the parliamentary election of its first civilian president in 50 years. ■
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Image shows Yangon skyline. Credit: SeanPavonePhoto at Can Stock Photo Inc.