Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodia, Thai bourse to exchange trade info

Cambodia, Thai bourse to exchange trade info

Cambodia, Thai bourse to exchange trade info

The Securities and Exchange Commission of Cambodia (SEC-Cambodia) and the Securities and Exchange Commission of Thailand (SEC-Thailand) have signed a memorandum of understanding (MoU) bolstering cooperation between the neighbouring markets.

The MoU, which marks another step towards developing an integrated ASEAN capital market, commits both regulators to sharing information on daily trends, trades and general market information, according to the requirements outlined in the agreement.

Ming Bankosal, director-general of SEC-Cambodia, signed the MoU with SEC-Thailand secretary-general Vorapol Socatiyanurak in Phnom Penh on Wednesday.

Bankosal said SEC-Thailand had already been assisting in training SEC-Cambodia officials in the past.

“The MoU will provide a window for the two regulatory authorities to promote each other’s markets in greater cooperation,” he said.

Stephen Hsu, CEO of Phnom Penh Securities, attended Wednesday’s signing along with fund managers, investment companies and securities firms from the two countries. He welcomed the move, saying that it opens the doors for investors in both countries to explore regional investments.

“Currently, Thai investors are looking for more investment outside Thailand, but they need confidence in investment too.”

“[The MoU] will make Thai investors, especial institutional investors, understand more about trading rules and opportunities in the Cambodian stock market,” Hsu said.

The Cambodia Securities Exchange (CSX), which is part-owned by Korea Exchange, officially commenced trading in April 2012 when the state-owned Phnom Penh Water Supply listed on the bourse.

Taiwanese-owned garment manufacturer Grand Twins International (GTI) last month confirmed it would start trading in May. Upon listing, GTI will become the first privately owned company to go public on the CSX.

MOST VIEWED

  • Stock photo agencies cash in on Khmer Rouge tragedy
    Stock-photo companies selling images from S-21 raises ethics concerns

    A woman with short-cropped hair stares directly into the camera, her head cocked slightly to the side. On her lap is a sleeping infant just barely in the frame. The woman was the wife of a Khmer Rouge officer who fell out of favour, and

  • US think tank warns of China's 'ulterior motives'

    A US think tank on Tuesday warned that spreading Chinese investment in the Indo-Pacific follows a pattern of leveraging geopolitical influence at the expense of the nations receiving investment, including Cambodia. The report looks at a sample of 15 Chinese port development projects, noting that the

  • Defence Ministry denies weapons in smuggling case came from Cambodia

    After a Thai national was arrested last week for allegedly smuggling guns from Cambodia to Thailand, Cambodia's Defence Ministry has claimed the weapons seized during the arrest are not used in Cambodia, despite the fact that both types of rifle seized are commonly found in

  • More than three tonnes of ivory reportedly bound for Cambodia seized in Mozambique

    A total of 3.5 tonnes of ivory reportedly bound for Cambodia was seized by authorities in Mozambique late last week, according to the NGO Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). CITES' information was based on a report from the