Insurance urged for CSX listings

6 September 2012
The Phnom Penh Post
Banking and financial services / Economy and commerce / Investment / Securities exchange (stock market) / Stock market / Trade
bourse / Cambodia Securities Exchange / CSX / CSX listing / CSX listing rules / Forte Insurance / insurance industry / Investment / investor security / Investors / Ministry of Economy and Finance / Stock Exchange / stock market

The Ministry of Economy and Finance yesterday urged companies intending to list on the Cambodia Securities Exchange (CSX) to buy insurance to bolster public confidence. Vice President Bo Chanpiro of the Financial Industry Department of the Ministry of Economy and Finance said the finance sector relies not only on the banks and the securities exchange, but also on the insurance industry. … Forte Insurance General Manager York Chamroeunreth said it was very important to build risk awareness for future companies. He said Forte Insurance had compensated many millions of dollars for staff mistakes that caused the company to lose benefits and income. …

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