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Tag Archives: capital market
Cambodia’s banking sector gains in public confidence
In the last decade, Cambodia’s banking sector has been growing sharply because the operation of commercial banks in Cambodia has gotten the public confidence. People got started to deposit their money at bank rather than keep it at home. The public confidence in the banking sector and financial system is reflected through the increase in … Continue reading
Korean Securities Firm Ready for Bourse
Tong Yang Securities is the only company that has so far opened for business in anticipation of a stock exchange that officials hope to have up and running by the end of the year. “We came to Cambodia with a long-term perspective,” the company’s chief representative, Han Kyung Tae, told VOA Khmer. “We are ready … Continue reading
Slow start expected for new bourse
WHEN the opening bell rang on the first day of trading at the Ho Chi Minh Securities Trading Centre on July 28, 2000, just two companies were listed. From the outset, trading was a muted process. “It takes time – in the case of Vietnam, it took five years [to gather momentum],” says Hang Chuon … Continue reading
Indian bank opened its branch in Cambodia
Despite the global financial crisis, the new Indian bank still starts operating its door in Cambodia following the South Korean bank-Kookmin- operated in Phnom Penh in the earlier this month. The opening of the bank of India is part of a growing interest from foreign banks that have sought to invest in the Cambodian economy, … Continue reading
Subdecree signed outlining stock exchange regulations
THE Council of Ministers approved on Friday the draft of a sub-decree detailing stock exchange regulations that officials described as necessary for establishing the exchange by the end of the year. The subdecree was drafted by the Ministry of Economy and Finance in accordance with the Law on the Issuance and Trading of Non-Government Securities, … Continue reading
Stock market still on course
The Korea Exchange (KRX) and the Cambodian government will sign an official joint venture agreement on Cambodia’s proposed stock exchange Thursday next week, KRX project director Inpyo Lee told the Post, but there remained caution given the current economic climate. The agreement, to be signed by KRX chairman and CEO Lee Jung-hwan and Finance Minister … Continue reading
