A Health worker collects a swab sample in Yangon on Oct. 8.

Photographer: Ya Aung Thu/AFP via Getty Images

A resurgence of the coronavirus outbreak in Myanmar that’s forced a lockdown of its largest city is delaying plans to establish a market for corporate bonds and an additional listing option for companies seeking to go public.

A planned trial of corporate bond trading, set initially for December, has been put off to the first half of next year, said Htay Chun, a commissioner at the Securities and Exchange Commission of Myanmar. Uncertainty spawned by the pandemic means only a handful of companies are in talks to join the Pre-Listing Board, an alternative to the main stock exchange with easy listing rules, he said.

The pandemic is the latest hurdle in Myanmar’s push to develop its fledgling capital market as investors remain wary of the grim outlook for economic growth and a stronger currency. While the regulator allowed foreigners to trade on the Yangon Stock Exchange in March, only 41 have put money into four stocks, Htay Chun said.


A health worker collects a swab samples at the department of medical research (DMR) in Yangon on Oct. 8.

Photographer: Ye Aung Thu/AFP via Getty Images

“We are now facing a lot of uncertainties due to the force majure in the form of Covid-19. It’s a big blow to our operations,” Htay Chun said in a phone interview Thursday. “If the virus spread cannot be contained in a few weeks, the launch of the second board may be postponed again to next year.”

Seeking Boost

Value of trades on Yangon Stock Exchange has tumbled since 2016

Source: Yangon Stock Exchange, Bloomberg

Authorities have banned domestic travel and imposed a strict stay-at-home order in Yangon province,

CNN anchor Chris Cuomo’s interview with Sen. Ted Cruz descended into name-calling and insults on Wednesday night.

The 20-minute interview began with Cuomo asking the Texas Republican if President Trump did enough during the debate to condemn white supremacy, to which Cruz said he was glad the president clarified those remarks. The conversation took a turn when Cruz called the media “completely hypocritical” for how they cover racial comments from Trump and former Vice President Joe Biden.

“The press is partisan in this regard. Ten years ago, 2010, Joe Biden gave a eulogy for Robert Byrd, who was a Grand Cyclops of the KKK …” Cruz began before Cuomo interjected to call his point a “weak-ass argument.”

Then, when the senator offered to provide additional criticism of the former vice president, Cuomo responded, “The old Ted Cruz, who he called ‘Lyin’ Ted,’ when he wasn’t insulting your wife and your father, tweeted, ‘Hey you’re better than this, Mr. President.’ What happened to that Ted? I don’t know if he changed or if just you changed, for some reason.”

Cruz said Cuomo was insulting him and was “enjoying it.” He then took aim at CNN.

“Chris, there was a time when CNN actually cared about being journalistic and talking about facts. Donald Trump broke you guys,” he said. “I mean your entire show, your entire network now is just how much you hate Trump.”

Moments later the conversation got personal once again, this time as they were discussing the coronavirus and how specific states handled their outbreaks. Cruz brought up Cuomo’s brother, New York Gov. Andrew Cuomo, and claimed that Democrats have sought to blame COVID-19 deaths on their political enemies.

“There is something disgusting that Democrats are doing, that Joe Biden does, and that you do, you try to blame