Newswire: Myanmar Securities Exchan

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Subject: Newswire: Myanmar Securities Exchange

Japan's Daiwa Research To Set Up Venture With Burma
 
   TOKYO (AP-Dow Jones)--Daiwa Institute Of Research Ltd., 
a research arm of Daiwa Securities Co. of Japan, announced 
Tuesday that it will set up an equally-owned joint venture 
in Rangoon with Burma's state-run bank, Myanmar Economic 
Bank, to launch and bring up the securities market in the 
Asian country. 
   Daiwa said the creation of a securities market is an urgent 
task for the Burmese government, which aims to transform the 
economy into a market-oriented one and privatize state-run 
companies. 
   The new venture, which is slated to kick off operations in 
May as the country's first securities company, is named Myanmar 
Securities Exchange Centre Co. and is capitalized at $3.4 million. 
   The joint venture will engage itself in securities businesses. 
It will create an over-the-counter market in Burma, and future 
stock trading will be concentrated at the venture. 
   But the venture's operation will be taken over by the country's 
stock exchange once it is launched in the future. 
   (END) AP-DOW JONES NEWS 26-03-96
   1027GMT