Logo of Phnom Penh Post newspaper Phnom Penh Post - CSX aims to boost awareness with deal

CSX aims to boost awareness with deal

The offices of the Cambodian Stock Exchange (CSX) in Phnom Penh.
The offices of the Cambodian Stock Exchange (CSX) in Phnom Penh. Heng Chivoan

CSX aims to boost awareness with deal

The Cambodia Securities Exchange (CSX) signed a partnership agreement with a business development company on Monday in an attempt to increase awareness about the country’s stock market among entrepreneurs.

CSX inked the memorandum of understanding (MoU) with Successco, an organisation founded late last year that provides training to new businesses and has about 50 members.

Hong Sok Hour, CEO of the stock exchange, hailed the deal as an opportunity to expand financing options for the Kingdom’s small- and medium-size enterprises (SMEs).

“In Cambodia, there are a lot of people who have launched good businesses and have good business ideas, but they are unable to grow to the full potential due to a lack of financial strategies,” he said. “We hope that this cooperation will provide a major contribution to boost further growth of Cambodian entrepreneurs.”

The agreement is the first of its kind for the CSX, and the exchange has plans to sign another MoU with CEO Master Club, a company that provides business coaching and networking to managers and owners of small-scale companies.

The CSX has struggled to attract listings, particularly from SMEs. In late 2015, it created the Growth Board, which sought to attract SME listings by lowering listing capital requirement and reducing the audited financial statement requirements. The move has yet to attract a single company.

MOST VIEWED

  • ‘Kingdom one of safest to visit in Covid-19 era’

    The Ministry of Tourism on January 12 proclaimed Cambodia as one of the safest countries to visit in light of the Kingdom having been ranked number one in the world by the Senegalese Economic Prospective Bureau for its success in handling the Covid-19 pandemic. In rankings

  • Kingdom accepts Chinese vaccine, PM first to get jab

    Prime Minister Hun Sen said China would offer Cambodia an immediate donation of one million doses of the Covid-19 vaccine produced by the Sinopharm company. In an audio message addressing the public on the night of January 15, he said Cambodia has accepted the offer and

  • Reeling in Cambodia’s real estate sector

    A new norm sets the scene but risks continue to play out in the background A cold wind sweeps through the streets of Boeung Trabek on an early January morning as buyers and traders engage in commerce under bright blue skies. From a distance, the

  • Hun Sen: Lakes filled in for national developments

    Prime Minister Hun Sen has announced continued operations to fill some lakes in Phnom Penh to create land for developments, though he is against the unrelated practice of damming rivers or blocking waterways. Speaking at the inauguration of the Ministry of Public Works and Transport

  • Koh Preus upgrades 70% complete

    Initial construction of a nearly $30 million tourism infrastructure project on Preah Sihanouk province’s Koh Preus Island is “about 70 per cent complete”, according to an official with the developer. Heng Thou, construction site manager of Angela Real Estate Co Ltd (ARE), told The Post that

  • Local media loses a giant, and The Post a great friend

    Cheang Sokha, a gifted and streetwise reporter who rose to the highest ranks of Cambodian media and was beloved for his sharp intelligence, world-class humour and endless generosity, died on Friday in his hometown of Phnom Penh. He was 42. His wife, Sok Sophorn, said he