Logo of Phnom Penh Post newspaper Phnom Penh Post - New firms consider listing on exchange

New firms consider listing on exchange

New firms consider listing on exchange

MORE than 10 private firms and two more state-owned companies have expressed intentions to list on the Cambodia Securities Exchange after it launches, according to Ministry of Economy and Finance secretary of state Hang Chuon Naron.

Speaking on the sidelines of a currency conference yesterday, he declined to reveal the names of the companies involved.

“There are two state-owned companies and more than ten private companies – they will decide [whether to list] when we launch the exchange,” he said.

Officials have already tapped three state-owned enterprises – Phnom Penh Water Supply, Telecom Cambodia, and Sihanoukville Port – to list on the bourse on or after it launches.

The CSX is set to begin in July this year after being twice-delayed. Private sector officials have also said a number of companies are interested in listing.

Meanwhile, Hang Chuon Naron said government ministers had submitted a recommendation to Prime Minister Hun Sen on which currency ought to be used for listings on the bourse.

He declined to reveal the currency involved, but cautioned it had to reflect the reality of the Cambodian economy, which is highly dollarised.

MOST VIEWED

  • Cambodia on the verge of national tragedy, WHO warns

    The World Health Organisation (WHO) in Cambodia warned that the country had reached another critical point amid a sudden, huge surge in community transmission cases and deaths. “We stand on the brink of a national tragedy because of Covid-19. Despite our best efforts, we are

  • Phnom Penh curfew starts today

    A two-week curfew from 8pm to 5am starts today in Phnom Penh, a day after a sub-decree detailing administrative measures to contain Covid-19 was issued by Prime Minister Hun Sen. “Travelling in Phnom Penh is temporally banned between 8pm and 5am,” said Phnom Penh governor

  • Vaccination open to foreigners in Cambodia

    The Ministry of Health on April 8 issued an announcement on Covid-19 vaccination for foreigners residing and working in Cambodia, directing the Ministry of Labour and Vocational Training and local authorities to register them. Health minister Mam Bun Heng, who is also head of the inter-ministerial

  • Cambodia gears up for muted New Year festival

    The recent curfew and restrictions imposed in the capital and other Covid-19 hotspots were intended to break the chain of transmission, Ministry of Health spokeswoman Or Vandine said as municipal and provincial authorities issued new directives banning certain activities during the upcoming Khmer New Year

  • Culture ministry: Take Tuol Sleng photos down, or else

    The Ministry of Culture and Fine Arts has told Irish photographer Matt Loughrey to take down the photos of Khmer Rouge victims at Tuol Sleng Genocidal Museum which he allegedly colourised and altered to show them smiling. The ministry said Loughrey's work is unacceptable, affecting

  • Covid-19 vaccination now obligatory

    Prime Minister Hun Sen on April 11 issued a sub-decree making Covid-19 vaccination compulsory for individuals unless they have a medical certificate proving they have pre-existing health conditions that prevent them from doing so. «This applies to all members of the armed forces and civil servants