Traffic passes by the offices of Gold Financial Global in Phnom Penh yesterday. Photo by: Heng Chivoan FIVE domestic firms trading in derivatives have been ordered to suspend their operations by the Securities and Exchange Commission of Cambodia.
A leading official at the Korea Exchange, joint partner in Cambodia’s soon-to-launch bourse, believes the Kingdom’s economy and capital market have “dynamic prospects”. Pat Gil-Soo Shin, senior vice-president of Emerging Market Development of the Korea Exchange, or KRX, also expressed hopes for Cambodia’s new stock market, but said its launch was “no easy” task. Speaking to The Post in Seoul, he confirmed that the preparations for the much-delayed Phnom Penh exchange – set to launch in Canadia Tower in July – are gathering pace.
The first seminar on corporate debt securities with private sectors was held Wednesday by Securities and Exchange Commission of Cambodia (SECC) in a session involving 70 companies for building understanding of new instruments of the forthcoming stock exchange. Minister of finance Keat Chhon said that there is no specified schedule for the launch of Cambodia’s [...]