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NEWS UPDATES Asean Affairs          11  July 2011

Cambodia launches bourse

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Cambodia officially launched the country's first stock exchange Monday, though no companies are expected to be ready to list until later in the year.

During a ceremony marking the launch of the Cambodia Securities Exchange (CSX) in the capital, Economy Minister Keat Chhon said the bourse would help boost foreign investment.

The CSX is a joint venture between the Cambodian government and the Korea Exchange, which signed an agreement to set up the exchange in March 2009.

But due to delays while firms reach compliance with auditing standards, trading on the CSX is unlikely to begin until early in 2012, said Stephen Higgins, chief executive of Cambodia-based ANZ Royal Bank.

"The firms here are simply not ready to be in a position to list," Higgins said. He added that over the long term the CSX could provide a valuable source of equity for listed firms, but that the bourse would take time to find its feet


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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


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