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.
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