Cambodia begins to construct 3-storey stock market building in capital center

Cambodia’s Securities Exchange (CSX) on Monday broke ground for the construction of a 3-storey building in the heart of Phnom Penh, the country’s capital. … “The construction of the building reflects the government’s firm stance in developing the stock market and the building will build more confidence among both local and foreign investors in the CSX,” Cambodian deputy Prime Minister and finance minister Keat Chhon said at the groundbreaking ceremony. … The building will cost 4 million U.S. dollars and the construction will be completed in early 2014, he said. It is located near the capital’s historical site Wat Phnom in Duan Penh district. … The CSX was initiated by the Korean Exchange in 2007. It is a joint venture between the government of Cambodia holding 55 percent of the stakes and the Korean Exchange owning the remaining 45 percent. …

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