CAMBODIA - Doubts surround Cambodia's plans for a stock exchange

The Associated Press, November 19, 2007

Last month, the Senate passed a law on the issuance and trading of stocks and bonds in the latest move to prepare Cambodia for establishing its first stock market by 2009.
Finance Minister Keat Chhon says the country needs a stock market to diversify the way businesses raise money. So far, beyond international aid for development projects, most financing has come from banks. But he acknowledges that it will take some time for Cambodian entrepreneurs and the public to accept the idea of a stock market - particularly the requirement that all companies' bookkeeping would be open to scrutiny.

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