Cambodia Stock Exchange To Push Transparency

Besides attracting international investors, Cambodia’s new stock exchange is expected to nudge this Southeast Asian country towards greater transparency.

When the Cambodia Securities Exchange (CSX) was officially launched on Jul. 11 there were no companies listed because of a drive to ensure that everything was above board. 'We want to assure full transparency,' says Huot Pum, the deputy director-general of the Securities and Exchange Commission of Cambodia. 'Financial information has to be audited and disclosed regularly.' Read more

Shares Needed as Cambodia Gets a Stock Exchange

PHNOM PENH — Having experienced more than a decade of economic growth after years of civil unrest and political disorder, Cambodia is set to open its stock market Monday, a move the government hopes will attract more investors to this countrys small and developing economy. Read more

Cambodian stock exchange opens but no companies listed yet for trading – AP

Cambodian stock exchange opens but no companies listed yet for trading
By Associated Press
PHNOM PENH, Cambodia — Cambodia officially launched its long-delayed stock exchange Monday although no companies are yet listed for trading.

Finance Minister Keat Chhon said at the opening of the Cambodia Securities Exchange that trading was expected to begin by the end of the year. He said three state-owned companies — the Phnom Penh Water Supply Authority, Telecom Cambodia and the Sihanoukville Autonomous Port — have announced plans for listing. Read more

Cambodia opens stock market, but no trading yet

PHNOM PENH, Cambodia (AP) — Cambodia officially launched its long-delayed stock exchange Monday although no companies are yet listed for trading.

Finance Minister Keat Chhon said at the opening of the Cambodia Securities Exchange that trading was expected to begin by the end of the year. He said three state-owned companies — the Phnom Penh Water Supply Authority, Telecom Cambodia and the Sihanoukville Autonomous Port — have announced plans for listing. Read more

Cambodia Securities Exchange launched officially

Creating stock exchange in the Kingdom of Cambodia is the initiative between Cambodian government and Korea Exchange since 2007. Cambodia Securities Exchange(CSX) will be held 55 percent by Cambodia and 45 percent by Korea Exchange. The both sides planned to open it at the end of 2009 but the plan failed because of the global financial crisis. Read more

Securities Exchange Commission Of Cambodia (SECC)

Background

In 2005, ABV undertook an initial feasibility study on establishing the first Cambodian Securities Market.  This study was undertaken for the Ministry of Economy and Finance (MEF) of the Royal Government of Cambodia and concluded that a market was feasible.  This assignment was undertaken by Dominic Mobbs. Read more

Stocks Basics: Introduction

Wouldn't you love to be a business owner without ever having to show up at work? Imagine if you could sit back, watch your company grow, and collect the dividend checks as the money rolls in! This situation might sound like a pipe dream, but it's closer to reality than you might think.

As you've probably guessed, we're talking about owning stocks. This fabulous category of financial instruments is, without a doubt, one of the greatest tools ever invented for building wealth. Stocks are a part, if not the cornerstone, of nearly any investment portfolio. When you start on your road to financial freedom, you need to have a solid understanding of stocks and how they trade on the stock market. Read more

What Is Stock Market?

A clear starting point for any would-be trader, most people have a rough idea or preconception of what they think a stock market is and how it works. Unfortunately, the answer to this simple question is rather complicated, and can't readily be summed up in one sentence. Indeed, many traders may be hard pushed to articulate exactly what a stock market is and the purpose it serves, even after years of serious trading. In this article, we're going to attempt to clear up the ambiguity, and offer a direct and succinct answer to this most foundational of trading questions. Read more

Exchange officials explain IT system

Stock exchange officials were conducting a five-day workshop on the IT system that will allow trading,  Securities and Ex-change Commission of Cambodia director-general Ming Bankosal said yesterday.

The workshop, held in conjunction with the Cambodia Securities Exchange, would also seek feedback on the system’s functionality as well as providing training, he said.

“We invited participants to the workshop to offer additional knowledge of the system … particularly the process of trading [buying and selling securi-t-ies],” Ming Bankosal said.Read more

Accounting for the bourse

Financial experts in the Kingdom yesterday called on the banking sector to implement improved corporate governance and increase transparency in order to ensure confidence in companies ahead of trading on the Cambodian Securities Exchange.
Banks in the country have been required to publicly disclose financial information since 2004, though the timeliness and efficiency of report releases demand further improvements, Canadia Bank vice-president Dieter Billmeier said in a speech at the National Conference on Accountancy in Cambodia yesterday. Read more

Cambodia to use local currency for stock market

(Reuters) - Cambodia's new stock exchange will quote share prices in the local riel currency , despite pleas from foreign investors who want the dollar used on the long-delayed bourse.

The Securities and Exchange Commission of Cambodia (SECC) said all stock quotations on the Cambodia Securities Exchange (CSX) must be in riel only. It is due to commence trading in July, but investors are braced for more bureaucratic delays. Read more

Cambodia’s first stock exchange was established

Cambodia, Phnom Penh, the capital stock plus 11 Chinese buildings inaugurated, and the end of today or early tomorrow officially put into operation. This is the first stock exchange inCambodia’s history.
It is reported that the Cambodian Stock Exchange by the Cambodian Economy and Finance was established in cooperation with the Korea Securities, which owned 55% of Cambodia, South Korea 45% stake. Read more

Lack of e-trade law an issue for CSX

THE Cambodia Securities Exchange could begin trading later this year without the Kingdom having passed its long-awaited e-commerce law, insiders said yesterday.

An e-commerce law is necessary to protect investor data in the event of a system error or crash, among other things, and therefore lends secur-ity to investors and firms hoping to trade on the exchange.
“All the transactions are processed electronically. If we don’t have an e-commerce law, how can we operate the stock exchange?” Commerce Minister Cham Prasidh told a meeting of the US-ASEAN Business Council in Phnom Penh last week.
Read more http://www.phnompenhpost.com/index.php/2011090851518/Business/lack-of-e-trade-law-an-issue-for-csx.html

Economists See Growth Potential in Stock Exchange

Cambodia has officially opened a stock exchange, which economists say will provide a chance for the development of the country and job creation. However, they warn that mismanagement of the bourse could also lead to economic woes.

Read more http://www.voanews.com/khmer-english/news/economy-business/Economists-See-Growth-Potential-in-Stock-Exchange-126703268.html

Cambodia Securities Exchange To Be Launched in July

Cambodia Securities Exchange (CSX) will be officially launched on July 11, Ministry of Economy and Finance said last week.

The ministry’s press release further said the first securities trading are scheduled to begin by the end of this year.

Read more http://www.akp.gov.kh/?p=6880

Fed Policy Makers Lay Groundwork for Further Steps This Month

Sept. 8 (Bloomberg) -- Federal Reserve policy makers are laying the groundwork for further action at this month’s meeting, warning that U.S. economic growth could stall, producing lasting stagnation in the job market.

Federal Reserve Bank of Chicago President Charles Evans said the Fed should consider adding “very significant amounts of policy accommodation” and attacked the notion that it should abide by a 2 percent ceiling on inflation. San Francisco Fed President John Williams cited “a number of steps” that could be taken to support growth, without offering specifics.

Read more http://www.businessweek.com/news/2011-09-08/fed-policy-makers-lay-groundwork-for-further-steps-this-month.html

Australian Employers Cut Workers, Lifting Jobless Rate to 5.3%

Sept. 8 (Bloomberg) -- Australian employers unexpectedly cut workers for a second month in August, sending the nation’s currency, stocks and bond yields lower as investors added to bets the central bank will reduce interest rates.

The number of people employed fell by 9,700, after a revised 4,100 drop in July, the statistics bureau said in Sydney today. That compares with economists’ median estimate for a gain of 10,000 workers. The jobless rate rose to 5.3 percent, the highest since October 2010, from 5.1 percent.

Read more http://www.businessweek.com/news/2011-09-07/australian-employers-cut-workers-lifting-jobless-rate-to-5-3-.html

Cambodia’s first stock exchange was established

Cambodia, Phnom Penh, the capital stock plus 11 Chinese buildings inaugurated, and the end of today or early tomorrow officially put into operation. This is the first stock exchange inCambodia’s history.
It is reported that the Cambodian Stock Exchange by the Cambodian Economy and Finance was established in cooperation with the Korea Securities, which owned 55% of Cambodia, South Korea 45% stake.
Read more http://www.stockmarkettoday.cc/cambodias-first-stock-exchange-was-established.html

Start of Cambodian share trading delayed to end-2011

May 30 (Reuters) - Trading on Cambodia's long-awaited stock exchange, which was scheduled to start in July, has been delayed yet again until the end of the year because companies planning listings need more time to comply with regulations, operators said on Monday.

Ek Sonn Chan, director general of state-owned Phnom Penh Water Supply Authority (PPWSA), said there were many details still to be ironed out but his company was going ahead with plans for a $20 million flotation.

Read more http://uk.reuters.com/article/2011/05/30/cambodia-stockexchange-idUKL3E7GU0MX20110530

Cambodia Securities Exchange (CSX) News

Cambodian PM names 3 likely listings on new bourse

PHNOM PENH, Feb 3 (Reuters) - Prime Minister Hun Sen said on Wednesday three state firms could be among the first to list on Cambodia's new stock market, although an official involved in the project said it may not be ready until the end of the year.

"Our Cambodia is creating a stock market, its headquarters are almost finished," Hun Sen told more than 1,000 accountancy graduates in Phnom Penh.

"So, in a short time, we will have a stock market, and some state firms and private enterprises will get listed there."

Hun Sen mentioned three candidates for a listing -- Sihanoukville Autonomous Port, the Phnom Penh Water Supply Authority and Electricite du Cambodge, the state power company.
Read more http://www.skyscrapercity.com/archive/index.php/t-1116369.html

Cambodia's stock exchange launch delayed 'indefinitely'

Officials say the September opening of the Kingdom's first stock exchange is off as the global financial slowdown takes its toll on the economy
Cambodia's much-touted stock exchange has been delayed indefinitely due to the worsening global economic slowdown, officials told the Post Sunday.
Its launch was scheduled for September, with the Korea Exchange providing funds and technical support.
But as Cambodia's economy-one of the region's most vibrant – slowed to single-digit growth last year, the exchange's future was put in doubt.
"Cambodia has been affected by the global financial crisis, especially in terms of real estate and garment exports. Therefore, the plan to open Cambodia's stock market has been postponed, and no specific schedule is set for it," said Mey Vann, director of the Finance Ministry's department of Financial Industry.
Read more http://www.khmerpropertynews.com/?inc=content.php&id=33

Cambodia Stock Exchange opened today

Sina Finance YORK, July 11 evening news, Cambodia Stock Exchange opened on Monday, marking the country's securities market was established.

However, there are no companies listed for trading.
Cambodian Deputy Prime Minister and Minister of Economy and Finance Minister Jichun (Keat Chhon) at the opening ceremony, said the Stock Exchange is expected to start trading before the end of this year, he said, three state-owned companies - telecommunications companies in Cambodia, Phnom Penh Water Authority and West Ha Nuke port will serve as the first listing, and a number of private enterprises are also preparing for the listing.

Read more http://www.f-paper.com/?i558741-Cambodia-Stock-Exchange-opened-today

Cambodia Stock Exchange To Push Transparency

Besides attracting international investors, Cambodia’s new stock exchange is expected to nudge this Southeast Asian country towards greater transparency.

When the Cambodia Securities Exchange (CSX) was officially launched on Jul. 11 there were no companies listed because of a drive to ensure that everything was above board. 'We want to assure full transparency,' says Huot Pum, the deputy director-general of the Securities and Exchange Commission of Cambodia. 'Financial information has to be audited and disclosed regularly.'

Read more http://www.globalissues.org/news/2011/07/19/10540

Start of Cambodian share trading delayed to end-2011

May 30 (Reuters) - Trading on Cambodia's long-awaited stock exchange, which was scheduled to start in July, has been delayed yet again until the end of the year because companies planning listings need more time to comply with regulations, operators said on Monday.

Read more http://www.reuters.com/article/2011/05/30/cambodia-stockexchange-idUSL3E7GU0MX20110530