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.
