Thursday, July 22, 2010

Cambodia Delays Stock Exchange Yet Again

JULY 21, 2010
The Associated Press

PHNOM PENH, Cambodia—Cambodia has delayed the opening of its proposed stock market for a second time, pushing the date back to July 2011.

In a statement Wednesday, the Finance Ministry said the delay was due to technical issues and the global economic crisis.

"The postponement of the stock market is to adapt to the evolving situation of the global economic and financial situation, which shows some positive signs of recovery but is still fragile,'' the statement said.

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