Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Finance Plans Stock Exchange for 1998

Finance Plans Stock Exchange for 1998

Finance Plans Stock Exchange for 1998

Secretary of State for Finance, Sun Chanthol, has announced plans to open a Cambodian

Stock exchange, according to a Reuters report.

"By 1998 we will have an up and running stock exchange," Sun Chanthol said

in a speech before meeting Singapore Prime Minister Goh Chok Tong and a delegation

of business leaders from the island republic.

Sun Chanthol, who heads the Committee for the Development of Cambodia, said a capital

markets law has been completed and forwarded to the cabinet for approval.

He said he hoped the legislation would be passed on to the National Assembly for

a vote by the end of the year, paving the way for a 1998 stock market start-up date.

RECOMMENDED STORIES

  • Breaking: PM says prominent human rights NGO ‘must close’

    Prime Minister Hun Sen has instructed the Interior Ministry to investigate the Cambodian Center for Human Rights (CCHR) and potentially close it “because they follow foreigners”, appearing to link the rights group to the opposition Cambodia National Rescue Party's purported “revolution”. The CNRP - the

  • Rainsy and Sokha ‘would already be dead’: PM

    Prime Minister Hun Sen on Sunday appeared to suggest he would have assassinated opposition leaders Sam Rainsy and Kem Sokha had he known they were promising to “organise a new government” in the aftermath of the disputed 2013 national elections. In a clip from his speech

  • Massive ceremony at Angkor Wat will show ‘Cambodia not in anarchy’: PM

    Government officials, thousands of monks and Prime Minister Hun Sen himself will hold a massive prayer ceremony at Angkor Wat in early December to highlight the Kingdom’s continuing “peace, independence and political stability”, a spectacle observers said was designed to disguise the deterioration of

  • PM tells workers CNRP is to blame for any sanctions

    In a speech to workers yesterday, Prime Minister Hun Sen pinned the blame for any damage inflicted on Cambodia’s garment industry by potential economic sanctions squarely on the opposition party. “You must remember clearly that if the purchase orders are reduced, it is all