Logo of Phnom Penh Post newspaper Phnom Penh Post - CSX launch set for May, official says

CSX launch set for May, official says

CSX launch set for May, official says

THE Cambodia Securities Exchange will launch officially in May, officials said Sunday.

Hong Sok Hour, general director of the Cambodia Securities Exchange, said that the process to establish the CSX would be completed in early April and officially inaugurated in May.

“We’re preparing to register [CSX] at the Commerce Ministry. After it’s registered, we will apply for a licence at the SECC, possibly sometime next month,” he said, referring to the Securities and Exchange Commission of Cambodia.

An unnamed SECC official told the Post on February 11 that the CSX would be inaugurated this month.

The exchange would be housed at an as-yet-undecided temporary location ahead of the launch of trading at a new four-storey building in Camko City, a development on the outskirts of Phnom Penh.

“We do not want to disclose anything about the interim building for CSX because it’s under negotiation,” said Hong Sok Hour.

SECC Director General Ming Bankosal said Sunday the CSX licence would not take long to process, and that the procedure had already been discussed.

MOST VIEWED

  • 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

  • Shipwreck found off coast of Koh Kong

    Royal Cambodian Navy researchers are working to identify a decades-old shipwreck found earlier this month off the coast of Koh Kong province. Divers found the 70-metre-long wreck on April 4 about a mile from Koh Chhlam island, according to Navy officials. Deputy Navy Commander Tea Sokha,