Logo of Phnom Penh Post newspaper Phnom Penh Post - The Post inks MoU with CSX

The Post inks MoU with CSX

Content image - Phnom Penh Post
CSX CEO Hong Sok Hour (centre left) and Post Media CEO Ly Tayseng (centre right) pose for a photograph following the signing. Hong Menea

The Post inks MoU with CSX

The Cambodia Securities Exchange Co Ltd (CSX) and The Phnom Penh Post will work together to provide investors and the public with reliable information on the developments in the Kingdom’s blossoming capital market.

A memorandum of understanding (MoU) to this end was signed on Thursday at the bourse’s headquarters between CSX CEO Hong Sok Hour and Ly Tayseng, the publisher and CEO of Post Media Co Ltd, which produces The Phnom Penh Post, Post Khmer and their digital channels.

Tayseng pointed out the capital market’s vital role in driving national economic growth.

He lauded the government – with a special nod to the Ministry of Economy and Finance – for its invaluable efforts in setting up the CSX and the Securities and Exchange Commission of Cambodia (SECC), the securities regulator.

He said the market has maintained smooth operations despite a number of headwinds, a feat which he called “a very encouraging sign”.

“For us in the media, we are committed to do whatever we can to contribute to the market’s development and the Cambodian economy as whole – that’s why we see cooperation between the CSX and The Phnom Penh Post as critical for the industry,” he said.

Sok Hour tipped his hat to The Post, lauding it as a comprehensive media outlet and the Kingdom’s leading capital market news provider since the CSX’s inception in 2011.

He said: “We are honoured to work with you now as we formalise cooperation on the MoU. CSX is a limited enterprise which is majority-owned by the Royal Government of Cambodia.

“We are only running the infrastructure for the trading platform but we are giving it our all to make it easier to raise funds in the private sector and uplift economic growth. At the same time, we provide a variety of tools for people in Cambodia to invest.

“I hope that both parties will benefit from the cooperation and can work together to further aid Cambodia in its pursuit of prosperity.”

In May, Post Media signed an MoU with the SECC that grants The Post exclusive rights to publish a series of educational articles written with input from the securities regulator.

The main objective of the weekly articles (published on Monday) is to provide readers a better understanding of how the securities market works in Cambodia.

The CSX welcomed its first domestically listed company, the state-owned utility Phnom Penh Water Supply Authority (PWSA), on April 18, 2012.

There are currently 13 listed firms in the Kingdom – seven stock-listed and six corporate bond-listed. The 13 companies have raised a combined $253 million and the stock index increased more than 57 per cent last year over 2018, CSX data show.

In the first nine months of this year, two companies listed stocks and three listed bonds. The five firms have raised a combined $92 million, the data show.

MOST VIEWED

  • Locations shut, dozens more Covid-19 positive

    The Ministry of Health has closed 23 locations in connection with the February 20 community transmission of Covid-19 and summoned for testing anyone who had direct contact with affected people and places. The number of discovered related infections has risen to 76, including 39 women. In a press release,

  • Kingdom's Covid cluster cases jump to 194

    The Ministry of Health on February 25 confirmed 65 new cases of Covid-19, with 58 linked to the February 20 community transmission. The latest cluster cases include nine Vietnamese nationals, five Cambodians, one each from Korea, Singapore and Japan, with the rest being Chinese. This brings the total number

  • Cambodia's Covid cluster cases rise to 137

    The Ministry of Health on February 24 recorded 40 more cases of Covid-19, with 38 linked to the February 20 community transmission. Of the 40, two are imported cases involving Chinese passengers. The 38 include two Vietnamese nationals and one Cambodian, with the rest being Chinese. This brings the total cases

  • Covid cluster raises alarm, health bodies urge vigilance

    The Ministry of Health and the World Health Organisation (WHO) in Cambodia have expressed great concern over the February 20 cluster transmission of Covid-19 in the community. Both entities appealed for vigilance and cooperation in curbing further spread of the virus. Ministry spokeswoman Or Vandine said

  • PM confirms third Covid-19 community transmission

    Prime Minister Hun Sen on February 20 announced the Kingdom's third outbreak of Covid-19 community transmission after 32 people tested positive in just over 10 hours. Addressing the public from his residence after an emergency meeting, Hun Sen said: "I dub it February 20 Community Event, in which 32 cases

  • Cambodia to make auto-rickshaws

    Locally-assembled electric auto-rickshaws could hit the Cambodian market as soon as early in May after the Council for the Development of Cambodia (CDC) gave the greenlight to an investment project at the weekend. According to a CDC press release, it will issue a final registration