News

CSX chief executive Hong Sok Hour explains how the exchange will function on its first day of trading and into the future. The way to begin trading on the CSX is to open an account with any one of a dozen securities firms which are licensed ...

Local stock-exchange staff will be trained by foreign experts Overseas experts will play an important role in the start-up of the Cambodia Securities Exchange (CSX), says Larry Ng of Cana Securities. “Foreign investors will lead the CSX and securities market at the beginning because they have the ...

Stock market a good choice for long-term investors Stephen Hsu, a native of Taiwan, runs Phnom Penh Securities, one of a dozen underwriters licensed by the SECC to prepare companies for IPOs on the CSX and to engage as an intermediary with the public for trading ...

One of the personalities closely associated with the development of the stock exchange in Cambodia, Morten Kvammen, a director at SBI Royal Securities, says the CSX needs more companies to list in order to be successful. Kvammen, a graduate of the Wharton School of Finance and ...

One of the men deeply involved in the development of Cambodia’s financial system, Dr Ghanty Sam, of the Financial Institute of Cambodia, who is also a board member of the Securities and Exchange Commission of Cambodia, says people should be aware of the downside of ...

The executive director at the Financial Institute of Cambodia (FIC) says 726 students have completed courses so far at FIC since it opened in early 2011. Tith Seyla, who earned his bachelor’s degree from the Royal University of Law and Economics followed by a master’s ...

On the post office square, a beautiful Art Deco building now houses the restaurant Van, an insurance company and the offices of the AFD (French Development Agency). An inquiring mind will not fail to notice on the gates the presence of little medallions with the ...

Several days after a report that Australian transportation company Toll Holdings would abandon its stake in a joint venture to operate Cambodia’s railway system, the company remained silent Friday on its future plans here. “Let’s wait for the truth rather than make assumptions,” he added. ...

The court prosecutor investigating last month’s shooting of three female factory workers at a special economic zone (SEZ) denied a newspaper report claiming the chief suspect, former Bavet City Governor Chhouk Bundith, had confessed to shooting the women. Svay Rieng Provincial Court prosecutor Hing Bunchea said ...

For hundreds of years, the ancestors of Vam Sovann have lived in Koh Kong province’s remote Araeng valley. Some 70 km from the nearest national road, Mr. Sovann’s village has no electricity or phone coverage, no paved roads or running water; instead, it has access ...

A suspect was questioned on Thursday over a grenade attack on the home of a military police officer in Kandal province’s Mok Kampoul district, which appears to have been motivated by a dispute over 3 meters of land, police said. No one was injured when the ...

Thein Sein, president of Burma, will visit Cambodia next Tuesday and Wednesday, according to a statement from the Ministry of Foreign Affairs. The visit will be Mr. Thein Sein’s first to Cambodia since taking power one year ago. ...

The price of coffee in Mondolkiri province, the country’s top coffee producing area, is continuing to increase as demand for the commodity continues to grow, according to local farmers and officials. Chay Moa, who owns a 5-hectare coffee farm in Sen Monorom City, said that he ...

Internet service protocol company Mega will join the Cambodia’s gaggle of active providers today after launching an unconventional marketing campaign that sought to stir curiosity. Four billboards without a clear company name appeared around Phnom Penh in early January. “Something Mega is coming soon” the ad, ...

A casino complex on top of Kampot province’s Bokor Mountain will open in less than two weeks – but environmental groups are strangely quiet about the effects the development, the size of a small city, could have on Cambodia’s natural heritage. The complex, in the Preah ...

The laws and regulations that govern Cambodia’s securities market were derived from the Objectives and Principles of the International Organization for Securities Commissions (IOSCO) and the best practices in the region, according to Dr. Ming Bankosal, Director General of the SECC. the SECC which ...

The Forestry Administration’s proposal to create a conservation zone for Prey Long, one of Cambodia’s largest remaining primary forests, has been scaled down by more than 20 percent and now covers about 480,000 hectares, an official said. During consultation workshops in Phnom Penh last month, the ...

Despite admitting yesterday to firing his pistol during last month’s protest at a Svay Rieng province special economic zone (SEZ), where three women were shot, Bavet City’s former governor Chhuk Bundith was free to return home after making his confession to the court. “[Mr. Bundith] came ...

The Cambodia Securities Exchange (CSX) is an important component of a larger ecosystem of capital markets, according to Eugene Lam, CEO of OSK Indochina Securities Ltd, one of Cambodia’s securities underwriters approved by the Securities and Exchange Commission of Cambodia (SECC). Lam says one of ...

It began in November of 2006 with a memorandum of understanding (MOU) between the Ministry of Economy and Finance (MEF) and the Korean Exchange (KRX) titled “The Development of the Securities Market of Cambodia.” A further MOU between the parties in January, 2008 established the Cambodia ...

The Phnom Penh Municipal Court yesterday tried a Vietnamese-Canadian national, four Cambodians and a Vietnamese national, the latter in absentia, for their roles in smuggling about 3 kg of drug precursor chemicals from India to Cambodia using the FedEx shipping service. ...

Australian transportation solutions provider Toll Holdings remained silent yesterday on whether it would be pulling out of its 30-year contract to operate Cambodia’s railway system. In a report published on Tuesday, the Sydney Morning Herald cited “reliable sources in Cambodia” as saying that the company would ...

Salt farmers in Kampot and Kep may be unable to harvest the roughly 90,000 tons they sell annually due to excessive rains, and the country may have to turn to foreign markets, producers said yesterday. Ly Sreng, deputy chief of the Kep-Kampot Salt Producers Community, ...

The head of the underwriting team that will launch Cambodia’s first IPO April 18 is Han Kyung Tae, Managing Director of Tongyang Securities (Cambodia) PLC and a South Korean stock market specialist. Tongyang Securities (Cambodia) Ltd. is the Cambodian subsidiary of Tongyang Group, a South ...