Premium Essay

Cambodia Securities Market Overview

In: Business and Management

Submitted By mikec001
Words 816
Pages 4
Cambodia Securities Market Overview

While banks have been the main source of funding for businesses in Cambodia, this will soon change with the opening of securities markets. Cambodia officially launched a stock exchange on 11 July 2011. The Cambodia Securities Exchange (CSX) is a joint venture between the Cambodian Ministry of Economy and Finance, which controls 55%, and the Korea Exchange (KRX), which holds 45%.

The Regulator:

The Securities and Exchange Commission of Cambodia (SECC) regulates the Cambodia Securities Exchange (CSX) in Cambodia . The SECC is established under the law on The
Issuance and Trading of Non-government Securities.

Requirements for listing on the CSX (Prakas):
Prakas are regulations that are issued by the SECC. The SECC had issued 23 major Prakas as of July 2012.

Companies Considering Listing:
Three state owned enterprises, Sihanoukville Autonomous Port (SAP), Telecom Cambodia (TC) and Phnom Penh Water Supply Authority (PPWSA) have been selected to list on the exchange. On 18 April 2012, Phnom Penh Water Supply Authority has been officially listed on the CSX while the other two SOEs still in progress.In addition, two private companies - TY Fashion (Cambodia) and Grand Twins International (Cambodia) have planned to list on the CSX and the IPO works are in progress. More than 10 other private firms and two more state-owned companies have expressed intentions to list on the CSX.

Key Operating Rules
Market hours, trading times
Market is open from 8:00 am to 11:30 am, Mon-Fri, with trades executed twice daily, 9:00 am and 11:30 am

Minimum trading unit
Price variance is set as follows:
1) KHR50 for a share price KHR50K per share;
2) KHR250 for a share price equal or above KHR50K but below KHR500K per share;
3) KHR500 for a share price equal or above KHR500K.
Minimum trading unit is one share.

Daily price...

Similar Documents

Premium Essay

Cambodia 2012 Investment Climate Statement

...Capital Market Development in Capital Cambodia Hanoi, 1st March 2007 Dr. Hang Chuon Naron Secretary General Ministry of Economy and Finance Contents Contents Overview of Financial Market – – – – Present financial system in Cambodia Banking Sector Insurance Sector Fixed Income Securities and equity Capital Market Development in Cambodia guided by: - Financial Sector Blueprint 2001-2010 (FSB2001-2010) approved on August 24th, 2001 - Financial Sector Development Strategy 2006-2015 (Approved by the Royal Government of Cambodia on February 9th , 2007) Develop 4 I’s for Capital Market – – – – Infrastructure investor Issuers Intermediaries Way forward Overview of Financial Market Overview Present financial system in Cambodia Present Players in Financial Sector: ● Dominance of banking system: The central bank, that is the National Bank of Cambodia with its The 18 provincial branches, 15 commercial banks, 4 specialized bank, 15 A decentralized banking system, consisting of MFIs and a number decentralized of NGOs operating in the rural finance. ● 4 Insurance Co., ● No inter-bank/money market ● No equity & securities market, no securities company ● Active foreign exchange markets due to high degree of dollarisation (90% of banks transactions in US$, large volume of USD cash in circulation). Banking Sector Banking ≈ – Banks are very liquid (loans to deposits ratio 65%), but despite large resources they...

Words: 1465 - Pages: 6

Free Essay

Smart Metering Business Case

...Southeast Asia Smart Meter Market Overview: Market Trends, Challenges, Future plans and Opportunities Metering Billing/CRM Asia 2012 May 8, 2012 Hoonho (Andy) Bae Senior Analyst Pike Research Agenda • • • • • • • Smart Grid Overview Smart Meters and AMI Smart Meter Drivers and Challenges Smart Meter Pilot Projects and Plans Market Forecasts Global Market Trends in Smart Meters Conclusion Copyright © 2012 Pike Research 2 Smart Grid Goals Sustainable, Secure, Environmentally Safe Energy • Reduce utility operating costs • Improve grid reliability • Increase energy efficiency Less Grid Intelligence  Reduce overall demand  Reduce end-to-end system losses  Shift peak demand (C&I, residential) • “Soft” consumer-driven “demand response” • Verifiable, centrally controlled demand response • Integrate renewable generation  Intermittent, bulk generation  Renewable Distributed Energy Generation (RDEG) • Support electric transportation transition  Commercial and personal vehicles (PEV) Copyright © 2012 Pike Research More Grid Intelligence 3 General Drivers for Smart Grid Energy Independence Security Carbon Reduction Regulatory Goals Demand Response Safety Own Generation Reliability Customer Service PEVs Forecasting Efficiency Profitability Billing Lower Energy Costs Market Operation Opex Reduction Collections Energy Management Renewables IT/OT Infrastructure Communications /......

Words: 1044 - Pages: 5

Free Essay

Travel and Tourism

...Berger Group, INC. Engineers Planners Scientists Economists THE SERVICES GROUP The Tourism Industry in Iraq IZDIHAR— USAID Contract #267-C-00-04-00435-00 Table of Contents i TABLE OF CONTENTS I. Executive Summary...........................................................................1 II. Tourism: A Global and Regional Perspective...................................3 A. Profile of the Global Tourism Industry................................................................................3 1. Key Trends in Tourism...........................................................................................3 a. Long haul trips on the rise.........................................................................4 b. Safety and security: a growing concern....................................................4 c. “High Value” specialized travel preferred for optimal benefits and experiences..............................................................................................4 B. Growing Tourism Segments...............................................................................................5 1. Cultural...

Words: 11153 - Pages: 45

Premium Essay

Asean

...Narrowing the Development Gap in ASEAN refers to reducing various forms of disparities among and within Member States where some pockets of underdevelopment persist. Measures in the ASEAN Political Security, Socio-Cultural and Economic Community Blueprints are targeted at policy reforms for narrowing the development divide to foster regional cooperation, greater social and economic integration, consistent with the objective of building an ASEAN Community in 2015. Initiative for ASEAN Integration The ASEAN Heads of State at their Summit in 2000 launched the Initiative for ASEAN Integration (IAI) with the objectives of Narrowing the Development Gap (NDG) and accelerating economic integration of the newer members of ASEAN, namely Cambodia, Lao PDR, Myanmar, and Viet Nam (CLMV). IAI Work Plans The efforts to narrow the development gap will be driven mainly by the IAI Work Plan (IAI-WP). The six-year IAI-Work Plans have been developed to assist the CLMV countries as well as ASEAN's other sub-regions to ensure that the economic wheels of their economies move at an accelerated pace. The first phase of the Work Plan covered the years 2002 to 2008. The current Work Plan (IAI-WP II) is based on key programme areas in the three Blueprints for the ASEAN Community: ASEAN Political-Security Community Blueprint, ASEAN Economic Community Blueprint and ASEAN Socio-Cultural Community Blueprint. IAI Development Cooperation Forum (IDCF) To accelerate the pace of implementing the IAI,......

Words: 4769 - Pages: 20

Premium Essay

Cambodia Accounting

...REPORT ON THE OBSERVANCE OF STANDARDS AND CODES (ROSC) Cambodia ACCOUNTING AND AUDITING May 15, 2007 Contents Executive Summary Preface Abbreviations and Acronyms I. Introduction II. Institutional Framework III. Accounting Standards as Designed and as Practiced IV. Auditing Standards as Designed and as Practiced V. Perception of the Quality of Financial Reporting VI. Policy Recommendations EXECUTIVE SUMMARY This report provides an assessment of accounting and auditing practices within the corporate sector in Cambodia with reference to the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB), and the International Standards on Auditing (ISA) issued by the International Federation of Accountants (IFAC). This assessment is positioned within the broader context of the Cambodia’s institutional framework and capacity needed to ensure the quality of corporate financial reporting Cambodia is putting in place an institutional framework with regard to accounting, auditing, and financial reporting practices. However, institutional weaknesses in regulation, compliance, and enforcement of standards and rules still exist. The accounting and auditing statutory framework suffers from inconsistencies among different laws. Although the national accounting standards and auditing standards are based on IFRS, and ISA, respectively, they appear outmoded and have gaps in comparison with the international equivalents. There are varying...

Words: 17152 - Pages: 69

Premium Essay

Asean

...Association of Southeast Asian Nations The Secretariat of ASEAN at Jalan Sisingamangaraja No.70A, South Jakarta, Indonesia. The Association of Southeast Asian Nations,[4] commonly abbreviated ASEAN ( /ˈɑːsi.ɑːn/ ah-see-ahn,[5] rarely /ˈɑːzi.ɑːn/ ah-zee-ahn),[6][7] is a geo-political and economic organization of ten countries located in Southeast Asia, which was formed on 8 August 1967 by Indonesia, Malaysia, the Philippines, Singapore and Thailand.[8] Since then, membership has expanded to include Brunei, Burma (Myanmar), Cambodia, Laos, and Vietnam. Its aims include the acceleration of economic growth, social progress, cultural development among its members, the protection of regional peace and stability, and to provide opportunities for member countries to discuss differences peacefully.[9] ASEAN covers a land area of 4.46 million km², 3% of the total land area of Earth, with a population of approximately 600 million people, 8.8% of the world population. The sea area of ASEAN is about three times larger than its land counterpart. In 2010, its combined nominal GDP had grown to US$1.8 trillion.[10] If ASEAN were a single entity, it would rank as the ninth largest economy in the world. History ASEAN was preceded by an organisation called the Association of Southeast Asia, commonly called ASA, an alliance consisting of the Philippines, Malaysia and Thailand that was formed in 1961. The bloc itself, however, was established on 8 August 1967, when foreign ministers of......

Words: 8221 - Pages: 33

Premium Essay

The Rise of South East Asia and the Effect of China

...------------------------------------------------- THE CHANGING BUSINESS ENVIRONMENT - LB5228 ASSIGNMENT TASK 2 KARTHIK NAMANI 12806313 KARTHIK NAMANI 12806313 An essay On: The rise of South East Asia and the effect of China Submitted to: Professor Chris Leggett An essay On: The rise of South East Asia and the effect of China Submitted to: Professor Chris Leggett The rise of South-east Asia and the effect of China Contents I, Introduction II, Body 1. Literature review: 2. South-east Asia Economic potentials 3. South-east Asia recent Economic performance 4. The likelihood to become significant players in the global economy Prospects and assessments 5. Implication on global economic III, Conclusion I, Introduction Asia is the most dynamic region in the world economy at present. The development of Asia is twice the rate when compared to the other regions. The policy orientation, which stresses free movement of capital, goods and services across the national boundaries are the reasons for the growth which is possible now. The economic efficiency and transfer of technology which foster shifts in productions and comparative advantages are the results of the enhancement. (Chong) Because of the Global Financial Crisis, Southeast Asia has been the Gold rush modern- day as international companies clamor to get a piece of the action. As the major part of the young population of 600million and the increasing middle class people are the...

Words: 3177 - Pages: 13

Premium Essay

Insurance, Proposed Product

...insurance was formed. Starting of as insurance on loans and property, it rapidly became more defined and evolved. Merchants started to insure their shipping goods. By 600 B.C. the first step is taken in the way of modern life insurance. By the 14th century the first forms of insurance contracts are made. Another two hundred years later in the late 1660s the first insurance office is set up. This came as a result of the Great Fire of London and the insurance company that was set up was a fire insurance company. Throughout the 18th and 19th century fire insurances spread around the world and late in the 19th century the first forms of accident insurances came on the market. Throughout the 20th century insurances was modified and new types became a part of the market, like health insurance and social security. All lead up to insurances as we know them today. General Type of Insurance Product Insurance is a form of transferring a risk from one instance to another, where the risk holder will be paid to carry the risk for someone else. This is the basic of insurance. The principle of insurance is to pool the risk of something happening. This means...

Words: 4598 - Pages: 19

Premium Essay

Fpt Software

...PROJECT PROPOSAL FPT GROUP Date 18/1/2013 INSTRUCTOR * MSc. Tung Tran Minh * Thang Nguyen Minh SUPERMAN TEAM * Trinh Nguyen Thi Kieu * Truc Nguyen Thi Duong * Thuong Pham Thi Dieu * Trang Nguyen Thi Thanh * Thanh Nguyen Quang Contents 1. PROJECT CHARTER 6 1.1. Team ’s Information : 6 1.2. FPT Group information 6 1.2.1. General information 6 1.2.2. Mission 6 1.2.3. Vision 6 1.2.4. FPT distribution 7 1.2.5. Client organization chart 9 Figure 3. FPT Organization chart 9 1.2.6. Leadership 10 1.2.7. Subsidiaries and Associates 10 2. PROJECT PLAN 11 2.1. Project Schedule 11 2.2. PERT chart 13 2.2.1. Preparation 13 2.2.2. Implementation 13 2.2.2.1. Project charter 2.2.2.2 Project Plan 14 2.2.2.2. The values 14 2.2.3. Conclusion 15 2.3. Critical path 15 2.4. Roles of members 16 2.5. Communication plan 16 3. THE VALUE 17 3.1. Stakeholders in Business 17 3.1.1. Employees 17 a. Compensation system 17 b. Training 17 c. Policy for disabled employees 18 3.1.2. Customer 19 a. Education 19 b. FPT Telecom have regular promotions for customers on holidays 19 3.2. Economic value 20 Figure 6. EPS within 5 years 22 3.3. Asset Value 22 3.3.1. Tangible assets 22 3.3.2. Intangible assets 23 3.4. Organization value 24 3.4.1. For efficiency 24 3.4.2. Customer centric 26 3.4.2.1. Quality of products 26 3.4.2.2. Communication 26 3...

Words: 7744 - Pages: 31

Free Essay

Employment Sector

...Employment Sector Employment Working Paper No. 74 2011 Global economic crisis, gender and employment: The impact and policy response Naoko Otobe Employment Sector Copyright © International Labour Organization First published 2011 Publications of the International Labour Office enjoy copyright under Protocol 2 of the Universal Copyright Convention. Nevertheless, short excerpts from them may be reproduced without authorization, on condition that the source is indicated. For rights of reproduction or translation, application should be made to ILO Publications (Rights and Permissions), International Labour Office, CH-1211 Geneva 22, Switzerland, or by email: pubdroit@ilo.org. The International Labour Office welcomes such applications. Libraries, institutions and other users registered with reproduction rights organizations may make copies in accordance with the licences issued to them for this purpose. Visit www.ifrro.org to find the reproduction rights organization in your country. Otobe, Naoko Global economic crisis, gender and employment : the impact and policy response / Naoko Otobe ; International Labour Office, Employment Sector. - Geneva: ILO, 2011 1 v. (Employment working paper) ISBN: 9789221241690; 9789221241706 (web pdf) ISSN 1999-2939 (print); ISSN 1999-2947 (web pdf) International Labour Office; Employment Sector women workers / men workers / employment / unemployment / gender equality / employment policy / social policy / economic recession /......

Words: 23195 - Pages: 93

Free Essay

Conditional Cash Transfers

...CONDITIONAL CASH TRANSFERS A World Bank Policy Research Report CONDITIONAL CASH TRANSFERS REDUCING PRESENT AND FUTURE POVERTY Ariel Fiszbein and Norbert Schady with Francisco H.G. Ferreira, Margaret Grosh, Nial Kelleher, Pedro Olinto, and Emmanuel Skoufias ©2009 The International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org E-mail: feedback@worldbank.org All rights reserved 1 2 3 4 5 12 11 10 09 This volume is a product of the staff of the International Bank for Reconstruction and Development / The World Bank. The findings, interpretations, and conclusions expressed in this volume do not necessarily reflect the views of the Executive Directors of The World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgement on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Rights and Permissions The material in this publication is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. The International Bank for Reconstruction and Development / The World Bank encourages dissemination of its work and will normally grant permission to reproduce......

Words: 55566 - Pages: 223

Free Essay

Essay

...CFO Content Group overview & history Our brands Financial performance Western Europe Eastern Europe Asia Appendix The Carlsberg Group in head-lines No. 4 largest international brewer 500 beer brands No. 1 in Eastern Europe No. 2 in Western Europe 120,000,000 hl. of beer sold in 2012 +16% EBIT growth (CAGR) from 2005 to 2012 +18% EPS growth (CAGR) from 2005 to 2012 3 The transformation of Carlsberg ● ● ● ● ● ● ● ● Value management Brand portfolio activation and scoping Step change innovations Business process standardization Next level group efficiency Back-end centralization and integration Winning people Corporate Social Responsibility ● S&N acquisition & integration ● Accelerate efficiencies and execute synergies ● Drive revenue growth ● Structure ● Operations ● Acquisition of 100% of Carlsberg Breweries ● Excellence programs ● Establishment of Carlsberg Breweries 2000 2005 2010 2015 … 4 Three regions Western Europe Eastern Europe Asia Group 2012 % of total beer volume 42 37 21 46 39 15 2012 % of EBIT The Carlsberg Group strategy wheel WINNING BEHAVIOURS We want to win Together we are stronger We are each empowered to make a difference Our consumers and customers are a the heart of every decision we make We are engaged with society 6 Content Group overview & history Our......

Words: 2661 - Pages: 11

Free Essay

Asean 2015

...the implications of the impending establishment of the ASEAN Economic Community by 2015 as specifically governed by rules and regional commitments on free flow services, mutual recognition of qualifications and skills, movement of natural persons, and movement of skilled labor. 1 I. INTRODUCTION It is 2016 Filipinos can freely move for work anywhere in the nine (9) countries that comprise the Association of Southeast Asian Nations or ASEAN. Indonesians, Malaysians, Singaporeans, Bruneians, Myanmar, Cambodians, Vietnamese, Laotians can also do the same in the Philippines. Just the previous year, in 2015, the ASEAN Economic Community, as envisioned by ASEAN leaders in 2007, formally came to being, ushering in a region with a single market and production base characterized by free flow of goods, free flow of services, free flow of investment, freer flow of capital, and free flow of skilled labor. Like other ASEAN peoples, Filipinos, have now become more mobile across this regional economy. What has just been illustrated is a scene in a future that takes shape in the ASEAN Community established through the Declaration of Bali Concord II (ASEAN Concord II). Agreed upon by ASEAN members in the 12th ASEAN Summit in 2007, ASEAN Community will have been formally...

Words: 8802 - Pages: 36

Premium Essay

Gaap & Ifrs Convergence

...much to be resolved between the two entities. Whether or not convergence may be completed and implemented within the next five years remains to be seen, and will most assuredly be contingent on the resolution of several key differences. In an April 2010 report published by The Finance Professionals’ Post, some of the major differences between GAAP and IFRS were as follows: * Inventory Valuation – Last In First Out (LIFO) is permitted under GAAP, but not under IFRS. GAAP requires carrying amount at lower or cost or market while inventories reported under IFRS are carried at lower of cost or net realizable value. Companies using LIFO would have to revalue inventory which could result in major tax liabilities (New York Society of Security Analysts, 2010). * Asset Impairment – Under GAAP, impairments are reported under a two-step system while IFRS has a single-step. Consequently write-downs are more likely to occur under IFRS (New York Society of Security Analysts, 2010). * Asset Valuation – Under GAAP assets can be written down but not up. IFRS...

Words: 1998 - Pages: 8

Premium Essay

Splash Cor

...SPLASH CORPORATION INTRODUCTION A fast-growing family of brands that are leaders in their respective categories. Now known globally, Splash continues to make a difference in more lives. Company Profile Splash Corporation is a publicly listed Filipino company with business interests in personal care and food manufacturing, marketing, and distribution in the Philippines and in the international market. Founded in 1985, Splash was able to grow from a Php12,000 backyard business into a Php3.5 billion enterprise through the vision, innovation and commitment of its founders Dr. Rolando B. Hortaleza and Dr. Rosalinda A. Hortaleza. Being consistently among the top corporations in the Philippines since 1998, the Company has established its reputation as one of the formidable players in the Philippine personal care industry. As of December 2013, Splash Corporation, ranks fifth in the personal care industry, outranked only by giant multinationals, making Splash Corporation the number 1 Philippine-based personal care company. Splash is a market leader in three personal care categories—exfoliants, skin whitening lotion and hair coloring based on December 2013 report of AC Nielsen. SkinWhite is the number 1 whitening lotion with 24 percent share by value and 20 percent by volume. Maxi-peel Exfoliant Solution has 79 percent share by volume and Kolours is the number 1 hair dye product with 31 percent share by volume and 25 percent by value. In 2011, the Splash Group acquired Barrio...

Words: 2578 - Pages: 11