Wednesday, December 2, 2009

Cambodia delays stock market plan: official

Nearly one third of Cambodia's population survive on only 50 US cents a day or less
Wednesday, December 02, 2009
AFP

PHNOM PENH — The global financial crisis has caused Cambodia to push back its plans to open a national stock exchange this year, officials said Wednesday.
Cambodia signed an agreement last year with representatives from South Korea's stock exchange, the Korea Exchange (KRX), Asia's fourth-largest bourse operator, to establish a stock market in 2009.
However government officials said Wednesday that the Southeast Asian nation was not ready to go ahead with the plans due to the world financial slowdown.

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