Cambodia’s state-Owned telecom firm gets new chief, vowing to improve business operations, revenues

Newly-Appointed Director General of the state-owned Telecom Cambodia (TC) Kim Vikra vowed Monday to enhance the enterprise’s governance in order to improve business operations and revenues. “I am committed to working with all colleagues in order to lead the enterprise to progress,”he said at his official appointment ceremony.”I will enhance the firm’s governance through improving accountability, transparency and high responsibilities.” … Kim Vikra succeeded the firm’s ex-director general Lao Sareoun, who was removed from the post on Feb. 14 after more than 300 staff staged a protest, claiming that millions of dollars had gone missing from the company’s accounts and calling for Lao Saroeun to be sacked. However, at a ceremony on Monday, Lao Sareoun was promoted as undersecretary of state at the Ministry of Posts and Telecommunication. … TC is one of the state-owned enterprises that plan to list on the Cambodia Securities Exchange (CSX). However, the listing plan will be postponed indefinitely due to poor financial performance …

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