11 Jul '11, 8am

DTN Singapore News: Cambodia opens stock market, but no trading yet: PHNOM PENH - CAMBODIA has officially launch...

DTN Singapore News: Cambodia opens stock market, but no trading yet: PHNOM PENH - CAMBODIA has officially launch...

Finance Minister Keat Chhon (above) said at Monday's opening of the Cambodia Securities Exchange that trading was expected to begin by the end of the year. -- PHOTO: REUTERS PHNOM PENH - CAMBODIA has officially launched its long-delayed stock exchange although no companies are yet listed for trading. Finance Minister Keat Chhon said at Monday's 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. Prime Minister Hun Sen in 2007 announced plans to launch a stock market, saying Cambodia needed to find new ways to attract international capital besides international aid and bank loans. -- AP

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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