Myanmar bourse to debut Dec 9

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 December 9, according to a statement by the Securities and Exchange Commission of Myanmar.

Its debut was pushed back until after the breakthrough November 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 liberalisation in the formerly junta-ruled country.