PHNOM PENH, Feb. 20 (Xinhua) -- A signing ceremony for a joint venture agreement on Cambodia's proposed securities exchange has been postponed, but the launch of a mock trading system to educate market operators and participants went ahead as scheduled, national media reported Friday.
Korea Exchange (KRX) Chairman and CEO Lee Jung-hwan put off the scheduled signing ceremony with the Cambodian government because of a back injury sustained last week, KRX project manager Inpyo Lee, was quoted by the Phnom Penh Post as saying.
He said the agreement would be delayed until the CEO recovered and was fit to travel, but said no date had been set.
In the absence of the CEO, KRX representatives and Cambodian Finance Minister Keat Chhon oversaw the launch of a computer training system aimed at teaching participants how to place bid and offer orders on the exchange, as well as how to conduct daily exchange and securities firm business.
The 10,000-US-dollars program, which was specially designed for Cambodia, aims to promote awareness of the exchange, Inpyo Lee said, adding that he expected the exchange to launch by December.
However, the global economic crisis and the abysmal performance of exchanges in the Southeast Asian region over the past year have led to mixed messages from government officials on the timing of the bourse's launch, which was originally set for September 9, 2009.
Korea Exchange (KRX) Chairman and CEO Lee Jung-hwan put off the scheduled signing ceremony with the Cambodian government because of a back injury sustained last week, KRX project manager Inpyo Lee, was quoted by the Phnom Penh Post as saying.
He said the agreement would be delayed until the CEO recovered and was fit to travel, but said no date had been set.
In the absence of the CEO, KRX representatives and Cambodian Finance Minister Keat Chhon oversaw the launch of a computer training system aimed at teaching participants how to place bid and offer orders on the exchange, as well as how to conduct daily exchange and securities firm business.
The 10,000-US-dollars program, which was specially designed for Cambodia, aims to promote awareness of the exchange, Inpyo Lee said, adding that he expected the exchange to launch by December.
However, the global economic crisis and the abysmal performance of exchanges in the Southeast Asian region over the past year have led to mixed messages from government officials on the timing of the bourse's launch, which was originally set for September 9, 2009.
3 comments:
It's too late for me to buy Khmer stock, for all these years I have completely lost to Yahoo, Goggle, Microsoft, and many more. I wonder how would anyone be successful in stock market, if I had spent at least three years to study how to chase the stocks movement yet I failed!!!!
correction: Googgle
i'm glad that cambodia is mulling stock exchange. this is a good sign that cambodia is moving in the right direction along the rest of the developing world out there. i'm glad cambodia is waking up, finally, from the long sleep. at least we are starting to look for better way to help our country to become like the rest of the developing world out there. our people had suffered enough already; we can do better to help our people and country, now, slowly but surely. it's the start! god bless cambodia.
Post a Comment