Cambodian government approves draft law on bond publication and public bond market
The Cambodian Council of Ministers approved a draft law on bond publication and public bond market on Friday, which aims at helping to develop the economic and social sectors, a government statement said here on Saturday.
The draft law will be a mechanism for collecting free capital from the public or bond investors for providing the credit in long- term investment projects, said the statement from the spokesman office of the Cambodian government.
This law, which covers all public bond market operations in Cambodia, also aims at controlling other bond markets, the statement added.
Meanwhile, the law also allowed the government to create a committee named Cambodian Bond Committee for administrating the bond publication and public bond market and other involved matters.
The draft law, which will be debated in the National Assembly, has 10 chapters and 58 articles and it was organized by the Ministry of Economics and Finance in cooperation with Asian Development Bank, the statement said.
Source: Xinhua
The draft law will be a mechanism for collecting free capital from the public or bond investors for providing the credit in long- term investment projects, said the statement from the spokesman office of the Cambodian government.
This law, which covers all public bond market operations in Cambodia, also aims at controlling other bond markets, the statement added.
Meanwhile, the law also allowed the government to create a committee named Cambodian Bond Committee for administrating the bond publication and public bond market and other involved matters.
The draft law, which will be debated in the National Assembly, has 10 chapters and 58 articles and it was organized by the Ministry of Economics and Finance in cooperation with Asian Development Bank, the statement said.
Source: Xinhua
5 comments:
$30 billions debt? Suck my arse,
KK KI Media.
KI-Media ought to manage unnecessary comments such as the one above.
KI pls stop posting the comment such asthe above one. He doesnt deserve. And there is no such a freedom in this world.
The HUN SEN govt can raise the funds from their rich families and their cronies. It is doubtful that the world bond market will give a dime, unless the rates are really high. Can you imagine Fitch and S&P give a bond rating to this corrupt govtmt?
The capitalism does not like corruption and lack of transparency. Hun Sen can raise those bond from his mafia friends.
Again, how much money are you
talking about, stupid?
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