After delays, Cambodia’s stock exchange launches trading
After many delays and some doubt, shares finally began trading on the
Cambodia Securities Exchange (CSX) on April 18 in what the Finance
Minister Keat Chhon called “a big leap forward” for the economy and
observers say will spur growth by making it easier for companies to
raise capital.
Spirits were high as Prime Minister Hun Sen rang the opening bell via a
video link from his home to start the first trade at the auspicious
time of 9:09 am—the number nine is considered lucky in Cambodia.
“It is a historic day,” he said, adding that with the opening of the
securities market, a long-awaited development was finally taking place.
“The establishment of the securities market will enable the country’s
economy to provide financing for enterprises while strengthening their
management and helping them earn the trust of investors and the public,”
he said.
To be continued...
Source: Economics Today, Issue 116, April 23-29
Are you in need of a loan? Do you want to pay off your bills? Do you want to be financially stable? All you have to do is to contact us for more information on how to get started and get the loan you desire. This offer is open to all that will be able to repay back in due time. Note-that repayment time frame is negotiable and at interest rate of 3% just email us (creditloan11@gmail.com)
ReplyDelete